If you are really into crypto, you probably read about #BTC price projection for the next 5 years. From 2024 and on it looks pretty tempting to procrastinate and act weird not knowing what to do. One thing I know many are tight due to inflation. You are spending more and way more and you get less for your money. I think you need to get used to that cycle. There are other things you can do to help you put some funds in good place. Stop purchasing stuff that you can get or do at home for less.
Discipline is the right term to bring into the equation. Just plan to save X or Y amount and stick with it. The same way it will take EV a while to surpass gas vehicle, this is the same approach for crypto. Even longer for the great scheme of things. I was looking at a chart for #CD in a competitive way where x bank is giving out for 12 month 4.7% APY for $1000 locked. I know we in #Hive we can do better than that with #HBD. It has been running for a while. This is something we as a community we can stand behind and grow with it.
While everyone is focusing on #BTC which is great, altcoins are in the sideline to run with the expectation sets in place for crypto. Many of us should have a clear understanding with #inflation. It may sound pessimism if you hold the wrong side of the stick, it is part of growth when it is applying and heading to the right direction.
You probably heard about deflation for China and it is not good. When you have a global view for the economy you want to see positive everywhere. This is part of the cycle where things always look meager before they look okay to move forward.
Believe me we need all fiats currencies that can help just like we need all cryptos that can advance the need for this emerging market.
Several factors play a role for the rise of crypto. It is no rocket science why you and I hold crypto. We want to see it rise and eventually triple 5X or 10X. Keep in mind every move with supply and demand influence what the value will be next.
We want more folks, business, investors to adopt cryptocurrency. I can see influx of demand that may translate to better liquidity long term.
This is why #ETF may be a stepping stone for #BTC.
Hard for me to tell you now to go get some.
The minute you see #BTC jumps to $60k you will.
I know regulation is another objective matter to contemplate. It helps to understand why a clear picture where you can access crypto will move the needle. Usually it will happen when the banks are onboard the whole picture changes. Lucky for you and I we know better, so we are ready.
When you take the time to see what crypto has achieve for the past 11 years you know it is going all the way up. The more unstable the market is the clearer it has become for crypto to grow.
Listening to the radio about financial chaos and the commercial said "Invest in gold where you can weather the storm of the market". Gold grew only 5% this year where BTC grew more than 80%.
I compare gold to landline phone service and crypto to mobile phone service. You get the point. Landline will always work while you may have catchy service in some area. At the end both work where mobile service is getting better every year.
Looking from all sides crypto will benefit from all effects of the market. Every passing year the mindset around crypto evolves. Keep in mind volatility controls a short window. You can be positive for a today and find yourself into the negative the next and then you stand even the another day. Only you can do you.
You can look at #meme all you want, you got to invest in yourself.
Do not wait for the drop to do your due.