Bitcoin Price Fell, Crypto Market Sentiment Turned Red Against Fear Index
Is It the perfect opportunity to buy the dip.
This has become a question most people ask on the internet. Just like you, everyone wants to reach their financial freedom. So they hope their investment, especially in bitcoin will make them rich.
Before you think about the question in your mind, my simple answer “ The Decision Is Your , Judge At Your Own Risk !! It’s never too late to invest in Bitcoin, Every Dip Will Come with A Blessing to Those Who Has Ample Cash , At least they Have More Room and Time to Judge .
While those , who just suffered a Loss , the Market is Still Too Hot and there is room for the market to recover again ..maybe in Quicktime , as in my last article, I quote before the Fed wants regulation and Inflation is creating backlash on the authority , they need to raise interest ..once interest is raised ,some how Crypto will react again , crypto investing has to treat with much focus and must be on lookout for some positive news to help you decide
Investing in bitcoin requires patience, following its supply and demand, bitcoin’s price has its ups and downs like other markets. Many people made the mistake of buying high and selling low, and you don’t want to make that mistake.
Have you been paying attention to the bitcoin news recently? You will discover that corporations have begun to enter the bitcoin market. Looking for ways to protect their wealth, they decided upon bitcoin. Here is some bad news for you, bitcoin has slide further $43,300 per coin, meaning that you are not too early to get into bitcoin, but you are not late either.
So whatever your reason for investing in crypto is, if you are an average person just trying to begin investing, or begin to improve your life. Having one full bitcoin may already be out of your reach, and this is one of the reasons why people buy altcoins.
You will realize that you don’t need to own a full coin when you fully understand bitcoin. The CoronaVirus pandemic has changed the game, making the bitcoin proposal much more understandable and desirable.
Let’s get back to your idea of being late to get rich with bitcoin. Invest some money into bitcoin, learn about it, and keep investing. The point is, you need to get off zero. Even if you will not make crazy gains like the early adopters, there’s still a chance to get rich. If the adoption continues to spike up, we could have a great cycle and prices could get out of hand.
As bitcoin approached recovery uptrend to nearly $44,000 hopefully by this week some many people will use it as a benchmark and take out the Altcoins instead .
To be honest with you, you will not get rich by just investing $100. Investment normally involves money to make more money ,and you can see , I am just playing with my retirement money .
You need to keep adding to your portfolio, and it will eventually become much bigger in the long run. Owning just 0.15BTC could one day be enough to make someone rich; most especially if bitcoin becomes a world reserve currency some day. It could become a cornerstone in your portfolio even if it doesn’t make you rich. Always remember, you don’t need to own a full bitcoin to make great gains.
The investment market offers a lot of opportunities and things to invest in. It’s a huge part of our lives. What has got everyone’s attention recently is the follow up dip to cryptocurrency market from End December 2021 going in 1st week Of January 2022 , with bitcoin as its leader and most popular crypto of all shedding its value with down-arrow sign across the board today
Bitcoin has brought a revolt in the online financial world. With the current buzz around bitcoin and other cryptocurrencies, many people are now interested in trading bitcoin than ever before. In fact, the number of wallet users went from 45 million to 80 million users in 2021 and still increasing, making it the highest number of wallet users ever. By taking advantage of the opportunities provided by bitcoin, you can earn smart money , at your analysis , and judgement with your smart move at the right time .
The first thing I want to do before we dive deep into the subject is to understand what Bitcoin trading is, and how is it different from general investing to stock
Usually, people invest in bitcoin because they believe in the technology, ideology or the team behind the currency. When people( Investor ) invest in bitcoin, it means that they are buying bitcoin for the long term. They believe the price will definitely rise, regardless of what happens along the way. Bitcoin investors tend to HODL the various type of cryptocurrency for the long run (HODL is the popular term in the crypto space that means “Hold”).
Unlike bitcoin investors, bitcoin traders ( Adhoc ) view cryptocurrencies as an instrument for making profits. They buy and sell bitcoin and various crypto in the short term, especially when they think a profit can be made. Many people out there invest and trade bitcoin at the same time. Due to the sudden rise of bitcoin and cryptocurrencies trading, you can make a nice profit if you manage to correctly anticipate the market.
Far from most traditional markets like stocks and commodities, bitcoin trading is open at all times. It does not have an opening and closing time, you can buy and sell anytime it pleases you.
However, you should not start trading bitcoin for the fear of missing out. If you don’t understand what bitcoin trading is, you won’t make money from it as desired. There are certain things you must know before getting started with bitcoin trading, and the first step will be to understand the basics or getting a trading strategy.
There are many trading strategies you can choose from, such as Day trading, Swing trading and Scalping. It’s up to you to go for the trading method that suits you and will help you reach your target faster.
Bitcoin is a highly volatile asset, and if you are not careful, you may end up losing a significant amount of your trading capital. So one simple rule of investing is to never invest in something you don’t understand. Ensure you do proper research and do your homework about bitcoin before getting started. Most importantly, understand the volatility. By so doing, you have a higher chance of succeeding with your trades in the long run.
After choosing your trading method, you will need to choose an exchange site to trade your bitcoin. There are many bitcoin exchange sites to choose from. With the increasing fraud rates in the crypto world today, this is enough reason why you must choose carefully so you don’t fall into the trap.
Some important features to watch out for when choosing an exchange site include security, reputation, user-friendliness and fees. To be sure you are making the best decision, compare the features.
It’s essential to make plans and determine your trading goals early. Most people start out trading without having a plan, they don’t know why they are entering a particular trade and when they should exit that trade. Setting your trading goals will help you in mapping out a plan that you can stick to in the long-run or short-run, depending on the trading strategy you would be interested in.
Finally, most people who start trading bitcoin stop after a short time because they don’t make any profit successfully. Due to the numerous platforms now available, bitcoin/cryptocurrencies trading has become more accessible. This easy access does not mean you should rush into trading without understanding how it works.
To be successful at bitcoin trading, you will have to put in enough time and money to acquire the important skills. Remember, there’s no such thing as easy money without risk. While you may be a beginner, you don’t have to be completely unaware.
Take active steps before getting started with trading bitcoin.
#Disclaimer Note : This publication is not intended for use as a source of any financial , money making legal, medical or accounting advice. The information contained in this guide may be subject to laws in the United States and other jurisdictions. We suggest carefully reading the necessary terms of the services/products used before applying it to any activity which is, or may be, regulated. We do not assume any responsibility for what you choose to do with this information. This article is not meant for financial advice , Use with your own judgment.
About the author
Estalontech is an Indie publisher with over 400 Book titles on Amazon KDP.Being a Publisher , it is normal for us to co author some of our publications with brainstorm on interesting contents which we will like to share on this paltform