Crypto’s Booming. Buy More Later.

Cryptocurrency is a wild trip — an exciting rollercoaster of highs and lows, with stunning surges adopted by stomach-churning crashes. Bitcoin’s value is $52,000 as of this publish!

YouTube, Twitter, and Reddit let you know to become profitable now, FAST, and money out with large positive aspects.

What altcoin is about to blow up? What’s the perfect narrative for 2024?

Sounds nice. Who paid them for that?

Guard towards the temptation of shopping for a big quantity of cryptocurrency at present costs, particularly when historical past has proven us that higher alternatives might lie forward.

This market at all times has downswings of 30 to 50% a few times every year. Generally, these downswings can final months. Save your cash for these instances.

Mark, You’re telling us to not purchase? It’s the beginning of a large bull market!

What?

I actually simply mentioned to purchase some crypto. The bull market began in November 2022.

It’s okay. You by no means get a nasty value on bitcoin. No altcoin is price its value right now, however some will go a lot increased sooner or later.

I’m a agency believer within the transformative energy of blockchain know-how and the potential of cryptocurrencies to revolutionize finance. I’m much more bullish on the funding alternative. That’s one thing you possibly can’t get with every other asset class.

Nevertheless, I additionally acknowledge the significance of timing and strategic decision-making on this unstable market.

Let’s take a step again and have a look at the larger image.

Bitcoin and different cryptocurrencies appear destined to achieve new all-time highs any day now. It’s simple to get caught up within the FOMO and really feel the urge to leap on the bandwagon earlier than costs climb even increased.

Right here’s the factor: the crypto market is notoriously unpredictable, and what goes up should ultimately come down.