The Future is near grab some Bitcoin there still time
Based on algorithmic predictions, Bitcoin's upward trajectory is expected to persist, with the potential for significant milestones in 2024. My analysis suggests that Bitcoin could reach a maximum price of $85,787.96 during that year, while the average price is projected to hover around $76,596.39. However, it's essential to consider the possibility of a bear market, in which case the minimum price Bitcoin could dip to in 2024 is estimated at $67,404.82.
When is a good time to buy bitcoin?
Well some people like to DCA. That's a great strategy for holding for a long time with no aim of selling in the short term. However, some people are unable to DCA, either due to a lack of enough funds or being scared of making the wrong choice with the little money they have.
If you are the type who hasn't been dollar cost averaging into Bitcoin all through the bear market, now is the opportunity to buy and accumulate as much as you can because there might never be a time like this again.
Sooner than later, we won't be able to mine more bitcoin like we use to and that would make not only traders start investigating how to accumulate more bitcoin for long trades but will prompt them to buy more than they are selling.
This means we’ll start having fewer traders who only care about short-term profits. Traders would be more interested in the long-term benefits of their bags now than ever.
This long-term thinking can be the next 3 months, 6 months or the next 6 years.
BlackRock coming into crypto
The recent news of BlackRock coming into the crypto space has made the bitcoin market pump over 19% now and still currently holding strong at around $30,500 at the time of writing.
There seems to be so much bad news on crypto?
Sadly, only a few can see beyond all the bad news and dramas going on in the crypto and financial world to see that the great accumulation of bitcoin is not only here, but that it's going to be over before we even know it has started.
Be Positive
Are you DCA(ing) or buying when you can, which is now. Whichever option works best for you, go for it and fill those bags, they won't fill themselves unless you do.
But what about those who can't even afford to accumulate a big dawg coin like Bitcoin?
Well, I got better news for you. Hive is one of those platforms you can sign up on today and earn crypto.
There are multiple ways to accumulate hive, and I will only share a few of them here with you.
Firstly, you can write about your favourite topics here and earn rewards in hive tokens, which can be traded on any exchange around the world. You can use binance if you don't have a hive exchange in your local.
Secondly, this is for those who are not writers and haven’t been properly versed on how to create long for content.
You can check out threads on leofinance and post short form content to earn the native Leo token, which is the native token of the leofinance community on Hive, where you also get to share stories about finance and crypto just like the one I am sharing with you now.
I hope with this little piece you won't have any excuse for not filling at least one of those bags, with either bitcoin, hive, or Leo tokens.
Picture this: The anticipation of the halving event is building up, and the possibilities it holds are simply too exciting to miss out on. There's a chance that Bitcoin could surpass $300,000 by the end of 2024, offering a potential profit of around 10 times your investment if you buy now and sell at that price point.
For those who prefer Dollar Cost Averaging (DCA), it's an excellent strategy for long-term holding without the need to sell in the short term. However, some individuals may find it challenging to implement DCA due to a lack of sufficient funds or concerns about making the wrong financial decision with limited resources.
If you happen to fall into the category of those who haven't been consistently DCAing into Bitcoin during the bear market, now presents a golden opportunity to buy and accumulate as much as you can. This moment might not come around again.
In the not-too-distant future, the mining of new bitcoins will become increasingly difficult. This shift will prompt not only traders but also other individuals to explore methods of accumulating more bitcoin for long-term investments, leading to a higher demand for the cryptocurrency compared to its supply.
Consequently, we can expect a decrease in the number of traders solely focused on short-term profits. Instead, traders will place more emphasis on the long-term advantages of holding bitcoin.
This long-term perspective can span anywhere from the next three months to six years. If purchasing Bitcoin from now until the halving event, which is less than ten months away, still offers the potential for over 10 times profits, it's safe to say that it's worth the wait.
Now, let's consider the impact when industry giants like BlackRock and their associates enter the scene. It's highly likely that acquiring substantial amounts of Bitcoin will become even more challenging for the average investor.
Moreover, the recent news of BlackRock's foray into the crypto space has already caused the Bitcoin market to surge by 19%, and it's currently maintaining its strength at around $30,500 at the time of writing.
This is just the beginning; imagine what will happen when they become deeply entrenched in the crypto game. They will likely become captivated with nowhere else to turn. They recognize the impending opportunities and certainly don't want to miss out, as they have in the past decade.
The present moment presents us with a clear opportunity to accumulate and solidify our positions before the "big dogs" enter the fray.
Regrettably, only a few can see beyond the negative news and controversies that plague the crypto and financial worlds. They recognize that the time for significant Bitcoin accumulation is not only upon us but will be over before we even realize it has begun.
Are you currently employing Dollar Cost Averaging or purchasing whenever you can, which is right now? Whichever approach suits you best, go for it and fill those metaphorical bags because they won't fill themselves unless you take action.
Now, let's address those who are unable to afford a substantial investment in a cryptocurrency like Bitcoin.
Here's some good news for you: Hive is a platform where you can sign up today and start earning cryptocurrency.
There are several ways to accumulate Hive, and I'll share a couple of them with you right here.
Firstly, you can write about your favorite topics on Hive and earn rewards in Hive tokens, which can be traded on exchanges worldwide. If you don't have a local Hive exchange, you can use platforms like Binance.
Secondly, for those who are not writers or haven't yet mastered the art of creating lengthy content, you can explore threads on LeoFinance and contribute short-form content to earn the native Leo token. Leo is the native token of the LeoFinance community on Hive, where you can also share stories related to finance and crypto, just like the one I'm sharing with you now.