⭐ Merited by JayJuanGee (1)
Whether we suggest that the rich people (institutions) are buying all of the bitcoin or if we might have some other reason(s) about why the BTC price is going up, historically, there have been several instances in which the BTC price moved upwardly out of an historical range that it had been, but then thereafter, never did return to that previous price range, and people who had been delaying in their buying of BTC, or waiting for lower BTC prices prior to buying, ended up looking foolish in retrospect. So yeah, we have had right around 18 months to be buying BTC below $35k... so how much longer is it going to last? We cannot be sure. Are there going to be further dips below $30k? We cannot be sure.
What a substantial move we have witnessed in Bitcoin price which was worth $5000 in a single trading session
. Nobody was expecting such an impressive increase while stocks are falling. Bitcoin has shown its real color after a long time of uncertainty, and I was glad to see that Bitcoin is finally showing its independence from stock markets, and Bitcoin's prior correlation with other risky markets seems unrealistic, as it is hedge against inflation and dependable store of value.https://cointelegraph.com/news/bitcoin-btc-price-breaks-34000-etf-excitement-grows
I am coming up with a new strategy that I can use to accumulate bitcoin because my regular DCA method is still what I am using, but is like I might consider to stop and hodli, when the price surges higher than 35k with the 10% that I am using or maybe reduce it. This is my first experience in the market and I am learning a lot from it.
Bitcoin must outperform stock because of its volatine nature and the price of bitcoin will keep pumping till infinity, unlike stock.