Hope everyone is buying these sweet sweet coins. Not many more will be sold sub $30k.
Those paying attention do understand that the 30k zone is about to be crushed. The current accumulation is to build up momentum for what is coming as we enter Q4 of 2023. Indeed, interesting times are ahead.
Oh? It's happening in Q4.
I believe Q4 2023 will be the build-up to the anticipated bull run of 2024. Many crypto experts are in agreement with this and even Binance is also launching their Bitcoin mining infrastructure in October 2023. So, in my opinion, to buy Bitcoin in preparation for the bull run that will ensue from the halving of 2024, Q4 2023 is a good time to buy low.
Oh? So you are suggesting to continue stacking sats through Q4 in order to be prepared for further UPpity coming in 2024.
I suppose such a thing could happen, but what is your level of confidence?
You appeal to authority ("experts" and "Binance is doing"), yet are you prepared financially/psychologically for other kinds of scenarios that could play out?
Are you using leverage or over-investing into BTC in terms of your own preparations?
Honestly, these are serious and important questions! Of a truth I learnt about cryptocurrency the hard way... I have falling victim of scams in different forms and formats, holding a bag of shitcoins they dumped on me, and many other terrible experiences. Perhaps, if I had found this forum when I started my crypto journey, I wouldn't have made some mistakes, given the quality of information available here. I almost gave up at some point but then I asked myself, if I give up on crypto and investing, how do I achieve the future I desire.
Well, I made some rules which I have been using for a while and I am glad I did that. Some of them include investing what I can afford to lose because nothing is guaranteed. Another is to put 90% of my investment money in Bitcoin that have proven to be more reliable than other cryptocurrency.
Are you planning to sell BTC in 2024 or sometime thereafter based on the BTC price appreciation that you are expecting to take place?
I do not plan to sell all my holdings but then, if I see good profits, I can take some money out to meet some needs. My holding is not that big because I am a low income earner and that is why I am working towards growing it... so far, Bitcoin offers such opportunities.