Its Still Very Early to Buy Bitcoin
Bitcoin is trading in green but selling pressure is still high which is not letting it go above $57k. There is no doubt that it is recovered a bit in price from the downfall but the fear is still there because it can go further low causing panic among the investors. The chances of it going up are still there but we cant predict 100% its direction, either it will go up or down.
Bitcoin goes up, everyone becomes happy but when it goes down even a little bit , people gets fear and sell in panic. These are mostly people who are newbies or the ones who dont have enough knowledge about Bitcoin and its power. Bitcoin is born to rule the finnace system. Its just getting started.
People coming to cryptocurrency just for quick rich are taking it wrong as the main purpose of crypto is not what they think. Crypto is not just about money its more than that. Bitcoin was born with the aim to get rid of the centralized power and finance system which has been ruling upon us since ages.
And for the ones who want to get rich with crypto, i am saying one thing that it requires a lot of patience. If you just came to crypto or came 1 or 2 years ago , you need to learn a lot or things and get knowledge as much as and offcourse you must have patience.
People who bought Bitcoin 10 years ago and holding till now they know how to be patient on something you truly believe. On the other hand there are people who sold bitcoins for peanuts, you can also learn lesson from the mistakes made from such people.
There are people who believe on Bitcoin and hold it till it rewarded the patience while others are in pure regret as they sold for little profits. There is a lesson here that one should have patience and the duration of patience is already estimated as mentioned above.
Bitcoin and some other altcoins will be much more worth 10 years from now just like now bitcoin is worth much more from 10 years ago. Things will be much more different from now. Bitcoin will be very expensive than it is now.
We have a very little percentage of people who are familiar with crypto, i believe that this number will grow at a rapid pace. As more and more people join crypto , it will give more strength to Bitcoin and cryptocurrencies. As a result Bitcoin will become more expensive and valuable.
The thing which is important here and matters most is its total supply which is fixed. Bitcoin has a fixed supply of 21 million and some of them are lost which makes it even less than 21 million. No one can print more Bitcoin. This makes it more valuable if you understand what this means. Make sure you hold your Bitcoin and other valuable altcoins because one day this will bring happiness on your face.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you. Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.
About Author
@coolguy222 is a crypto trader and content creator on hive blockchain. He also runs a small business of Mobile accessories and Wrist watches. He loves to make new friends.
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