After that huge pullback from around the mid-$8,500 levels for Bitcoin all the way down to $6,200, the price recovery speaks for itself. Now sitting back at nearly $8,000 at the time of writing, it has caught many a short seller off guard. God, I'd hate to be tangled up in that bitch of a trade right now...
The thing is, I'm now almost 100% convinced the bottom is in at just over $3,000 recorded back in mid-December. I doubt very much be will ever visit those levels ever again and that's why I believe attempting to short this market is a mistake. Now, these are my own thoughts, of course. But the tried-and-tested strategy of "buying and holding" seem to be a win-win, at this point. It all comes down to what you believe in.
I'm of the mindset that at some conjuncture within the next two years, BTC will hit the six-figure mark and beyond. I've thoroughly looked at the charts, drawn up the relevant indicators and compared similar historic patterns. They all tell the same story. That either in the run-up to "The Halvening" or shortly afterwards, we are going to see a significant increase in the price of Bitcoin from where we are now. As I say, hitting the six-figure mark and beyond. Way beyond!
I also see a few opportunities added to the mix, to spice things up a little. Investing in alternative crypto currencies with a solid developmental plan behind them but a low current price, seem like a gift from the heavens. And yeah, I'm looking at you STEEM. In addition, Cardano and a select few others would be my personal picks.
But yeah, now is the time to get in. Maybe more so than ever before in the past. I'm mega-stoked and preparing for launch of this rocket ship. Just remember to always keep a stash of BTC in your portfolio too. It doesn't matter how much, that's up to you. But given how sharp the shift in momentum has proven to be as of late, time to stock up appears to be fast running out and Bitcoin may well be first out of the gate. "HODL" like there's no tomorrow. BTC investment strategy 101...
Nice article!
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I'm also looking at BNB....so will you say it's a good time to buy btc?
Steem, cardano and which are the other you are considering?
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