Cryptocurrency prices have increased by 118% compared to last year. Similarly, prices are increasing by almost 83% in the last 04 months.The dramatic history price of Bitcoin peaks and the recent buzz around its upcoming "halving" its only fair to pose the most obvious question in front of us that-
Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?
The attractions of Bitcoin investments has always been double the potential for significant returns and its suggested role as digital gold.Historically Bitcoin has rewarded the bold to investors. For the next "halving" currently on track for April, another bull run seems highly likely. Recent price gains although this potential wave should take Bitcoin to a whole other level as it did after the May 2020, July 2016 and November 2012.
This is a pretty easy question for me to answer. Do you already own any Bitcoins or not? In case you already own a decent number of Bitcoins and are afraid of the high price at the moment then it's fine to take a break from buying new coins. You are already participating on the bull market and don't need to risk more money at the money. Crypto currencies tend to move in cycles, so there will be another time when prices are going to be cheaper again. We just don't know when this is going to happen, it could be 5 months or 5 years. With the halving coming up this year I am not going to expect falling prices any time soon. So, keep your bitcoins and enjoy the profit just by holding. In case you don't own any Bitcoins yet then the story is different, you are not going to participate on any future increases and might be left out from the new normal. I would recommend you buy at least some Bitcoins now to at least have some skin in the game. There is no guarantee that prices are going to fall any time soon. And without any crypto holdings you are not going to profit of any future price rise. There is no rush to put all your money into Bitcoin right now, but at least own some so you profit.