Today bitcoin is about $45,474 per dollar and many cryptocurrencies are now been generated to compete greatly with Bitcoin, leaving the fact that it is the most known cryptocurrency most individuals are still been illiterate about it.
Yes, the potential for Bitcoin to continue to increase in price is very high, especially after the Bitcoin halving, the price will usually quickly increase more significantly. In fact, it definitely exceeds last season's ATH... that's the hope.
And here, no matter how many other cryptocurrencies are created or generated, the reality is that they will not be able to compete with Bitcoin. Yes, although not all cryptocurrencies are completely worthless, there are some that are truly valuable and have long term potential. However, the risk is indeed higher. That's why we have to really understand what the city wants to invest in...
Although I have not yet owned Bitcoin, I understand that investing in Bitcoin is a great idea but as like others, it is not a 100% guarantee. And if owned should be stored in a non custodian wallet for safety, I would love to begin my Bitcoin journey and appreciate lots of ideas and advice from this family.
Investing really means being in a condition that is truly ready in several respects. Good in finances, emotional maturity, and resilience for holding. Finances are important because we don't need to force it if we don't have free money to invest, the important thing is not to force ourselves with it. However, if one day you have more funds and are ready to invest, then do it wisely and on time, not when you are bullish in the new buying era. because after all, the bullish era is only short and will usually be followed by a bearish one, so don't miss the moment. unless we invest it for the long term for a few more years.