More recently, we have witnessed a rise in the price of many altcoins and a parabolic rise in the price of bitcoin.
Could this go on forever? Of course not!
The price of cryptocurrency assets rises cyclically. Investors who have benefited well from recent gains want to lock in their profits. Many people and companies are interested in Bitcoin. However, they don't want to buy it and altcoins at a very high price.
As a result of the price correction, they will have a desire to buy cryptocurrency, and this cycle will repeat.
That is the thing about this period that people do not realize and they do not think about the future enough. Bitcoin and altcoins could drop a lot, or maybe it will not drop who knows but even if it drops that is not a problem. You know why? Because the reality is that they could drop but just because it drops doesn't mean that it will keep dropping more and more and more, it means that eventually it will increase a lot and when it increases a lot you will be upset that you are not in it. So, what do I do?
I end up buying as much as I can afford, and up until it keeps going up, I will end up buying more and more, the more money I get the more money I end up spending on crypto, I have a decent portfolio right now and thanks to the huge increase recently I am still profit and even if it drops to level where I am not in profit anymore I will not be stopping.