Hi,
we have BTC now again over $50k, which can only be good for every one of us.
Despite the ban and crackdown on miners from China, crypto is going strong. It has been fairly stable on the past months, and it seems that it is getting traction for an end of the year run. Usually we have in December, a very good time to celebrate.
Now might be a very good time to consolidate some positions. As I'm not a financial analyst, please don't see my writing as advice of investing. It is a point of view only, and it is what I do.
Well, I keep on buying, no matter the price, as I try to reach my investment targets, which will hopefully help with an early retirement. I want to retire early, to be able to enjoy most of the rest of my life, and by investing right, this can be achieved. Of course, if there is a strong shift to socialism, this plan might not hold, but then we would have some other issues and crypto would probably be the only way to store some value for future generations.
Now that we crossed the psychological mark of $50k, we might see the $100k cracked soon. This doubling can happen very fast, as we only can remember that the price was ten times lower at the start of the year.
I hope that the SEC will not attack crypto and will leave BTC as it is, beautiful. Crypto shall be free of government rules, as it is a stateless coin, not pegged to any form of imposed government rule. If we see it crack the $100k mark, we might get some heat from governments, hopefully more good attention like the government in El Salvador.
I see the whole thing positive, with hope of getting to the moon soon enough. How do you see it?