Right. I am a little sad that the market went deeper but somehow I cannot deny in my mind saying it is an opportunity to accumulate more. We might even see the price drop even more to like $15k something. We still have around 2 more years before the next halving so we better expect more traders to sell every small increase in price. The best thing for us here is to always DCA and think long-term.
At least if Bitcoin reaches $100,000 which is my minimum target in the next halving, we are x7 on ROI if we base to its current price.
At least if Bitcoin reaches $100,000 which is my minimum target in the next halving, we are x7 on ROI if we base to its current price.
Believe me, you ain't seen nothing yet. The global economy is bound to get worse by 2023, as central banks continue to raise interest rates to help tackle inflation. This will severely affect market prices of both crypto and stocks. The FTX collapse will add fuel to the fire, resulting in lower market prices for Bitcoin and its derivatives. I think BTC would decline to $12k before bouncing back up to $20k a few months from now. Many people are already saying "Bitcoin is dead", but they really don't know what they're talking about. They're only saying this because they're not thinking about the long-term. After all, most people want to make profit with Bitcoin at a very fast pace.
Let tell me you that there's more to Bitcoin than meets the eye. As the OP said, "now is the perfect time to invest in Bitcoin". With a limited supply of 21m coins, and decentralized/censorship-resistant properties unlike any other currency on Earth, Bitcoin should be worth a lot more than what it is right now. I'd say Bitcoin is undervalued based on this alone. If you buy now, you'll be able to reap the rewards in the long term. Just remember to never invest more than what you can't afford to lose, and nothing should stop you from achieving your dream in the future. Just my opinion
