Cryptocurrencies

Yes You Can! – Cryptocurrencies

selective focus of silver bitcoin and pile of bitcoins behind

The bullish rally that Bitcoin (BTC) has been in for several weeks is starting to sow doubt in the minds of some. Many feel that they are missing out on a once in a lifetime opportunity with Bitcoin. The race to own 1 full Bitcoin has started, and some believe they won’t be able to do it anymore. In this article, I show you that anything is still possible.


In context

In recent weeks, the Bitcoin entered a bullish rally that nothing seems to be able to stop. Not even the various announcements of vaccines that are more than 90% effective against the coronavirus have been able to slow down the rise of Bitcoin to a new All-Time High (ATH).

The Bitcoin has seen its price cross the barriers one by one since $ 13000 with disconcerting ease.

Some seem surprised. However, this increase has its roots in the great news that has multiplied for Bitcoin in recent months. All this super positive news accumulated before finally producing the desired effects on the price of Bitcoin.

As I often say, you never know when the price of Bitcoin will rise or fall. But by observing the real signal, which are the fundamentals of Bitcoin, one can get an idea of ​​the trend for the months to come.

Bitcoin is getting closer and closer to a new All-Time High

Since the start of summer 2020, everything seemed to indicate that the price of Bitcoin was going to rise sharply sooner or later.

It started from the beginning of October 2020:

The race to own 1 Bitcoin is accelerating

The price of Bitcoin was then around $ 10500. Since then, the price of Bitcoin has increased by + 83%. An annual high was even reached on November 24, 2020 at $ 19348.

Bitcoin is closing in on uncharted territory.

Bitcoin has entered a positive feedback loop that will allow it to beat its ATH in the days or weeks to come. It’s just a matter of time.

Bitcoin positive feedback loop

In the meantime, Bitcoin has already broken its record market cap at the end of 2017 by exceeding the $ 357 billion November 24, 2020. This time around, everything is different though. Indeed, the current increase is linked to smart money and not to a speculative euphoria from individual investors.

The current Bitcoin rally is nothing compared to what lies ahead in the coming months

The volumes of Google searches around Bitcoin clearly show that the general public has not yet taken hold of the phenomenon.

The current Bitcoin rally is driven by institutional investors, whales, billionaires, big companies, and maybe even banks. These people buy Bitcoin by being guided by a long-term vision and not by quick greed.

The price reached by the Bitcoin therefore seems much more sustainable than it was at the end of 2017 when a real speculative bubble had formed around its price.

Bitcoin appears more than ever for what it really is: the best hedge against the great monetary inflation that we are currently experiencing. This endless monetary inflation will only increase demand for Bitcoin in the future.

This has cause for optimism as to the price that Bitcoin will be able to reach in the future since its supply is hard-capped at 21 million units whatever happens.

The real challenge is to win the race to own 1 Bitcoin in full

For those who are new to Bitcoin and who have fully understood the why of Bitcoin, the challenge now is to win the race to own 1 Bitcoin in full.

A real race to own 1 BTC in full has started since the start of 2020. Those who are interested in Bitcoin right now say they are definitely behind the curve.

Pub

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

I hear a lot of people say that the current Bitcoin price is too expensive to hope to own 1 full Bitcoin. Many say this with regret. It is obvious that owning 1 Bitcoin will make a big difference in your future.

In June 2020, a report from Global Wealth reported 46.8 million millionaires around the world. Their cumulative fortune is 158.300 billion dollars. It’s huge, but no matter what, there will never be more 21 million BTC in circulation.

I’m not even talking about 3 to 4 million BTC which are already considered to be permanently lost. This only reinforces the scarcity of Bitcoin, and therefore the value of units already in circulation.

Not all existing millionaires will be able to own 1 BTC.

Owning 1 Bitcoin in full will change your future, but you need to take action now

If you make the decision to trust Bitcoin because you are convinced by its revolution, you could change your future forever by owning 1 BTC.

The good news is, it’s not too late to start owning 1 BTC in full. However, to do this, you’re going to have to stop procrastinating about the past. You have to stop saying:

If I had known about Bitcoin when its price was $ 1, $ 100, $ 1,000, $ 3,000… ”.

You will not be able to change your past, and the mistakes you may have made. On the other hand, you can change your future by focusing fully on the present.

You must take advantage of the high divisibility of Bitcoin

The secret to getting to own 1 full BTC is to take advantage of its formidable divisibility. Bitcoin is divisible up to 8 decimal places. The smallest unit of Bitcoin is the Satoshi.

You need to accumulate as many Satoshis as possible. The #StackSats movement that has emerged since mid-2019 is trying to make you aware of this. In the future, when speaking in Satoshi becomes the norm, all the Satoshis accumulate will make a big difference.

Besides this accumulation of Satoshis, the best thing to do is to adopt a Dollar-Cost Averaging (DCA) approach. Applications allow you to automate regular purchases of Bitcoin for a sum of your choice. You can perfectly plan the purchase of “only” $ 100 every month of Bitcoin.

This will smooth out your costs and allow you to have no hesitation when it comes to purchasing as some do by saying: “I wait for the price to drop again to get more”.

You must take advantage of Bitcoin price corrections to accelerate your conquest

In addition to these DCA mode purchases, I advise you to keep cash aside to take advantage of Bitcoin price corrections.

This is how, for example, many people were able to accelerate their conquest to own 1 BTC in full during the month of March 2020. When Bitcoin went from $ 8000 at $ 3800 within hours it was an amazing opportunity to get you closer to owning 1 BTC in full.

In the coming weeks, it seems clear that the price of Bitcoin will undergo further correction. This will be an opportunity for you to accumulate a little more to reach your goal faster.

As you can see, you will need two things to achieve possession of an entire Bitcoin :

  1. Full confidence in the Bitcoin revolution. For this, there is no secret. You need to deepen your knowledge and seek to understand the why of Bitcoin.
  2. Patience. Bitcoin teaches you patience. Great things are built over time. It’s up to you to develop this quality.

With the current sharp rise in the price of Bitcoin, some seem to doubt their ability to win the race to own 1 full Bitcoin. To these people, I want to tell them:

Yes You Can!

You can always achieve this goal perfectly. However, you are going to have to take action quickly. You will especially have to have confidence in Bitcoin and buy in DCA mode. This will allow you to accumulate Bitcoin as you go without even realizing it.

Pub

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

By keeping cash aside, you will be able to speed up the quest for your objective, provided you know how to take advantage of the corrections that the price of Bitcoin undergoes from time to time. It’s up to you to make its volatility your greatest ally. The rest will only be a matter of patience. It’s up to you to know how to show it to be one of those who will be rewarded by the Bitcoin revolution. Those who really trust Bitcoin are never disappointed.

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