People's interest in crypto has skyrocketed. Crypto is a hot topic not only in investors, but also in popular culture, thanks to everyone from long time investors like Elon Musk to small high school graduate.
The most explosive event in cryptocurrency history could occur as early as March-April 2022. Since then, Bitcoin and Ethereum have gone through ups and downs without reaching all-time highs, and many pundits still expect the price of Bitcoin to cross $100,000 someday.
The future of cryptocurrencies will undoubtedly contain much more volatility, and experts say this is an issue that long-term crypto investors will have to deal with.
So, what should crypto investors do in light of this volatility?
"Nothing"
“Don’t let a drop in price influence your buying decision, and don’t let a sharp price increase change your long-term investment strategy.”
But how high will Bitcoin go?
Many experts say the question is not whether or not Bitcoin will reach $100,000, but when. Bitcoin's past may provide some clues as to what to expect in the future.
What I expect from Bitcoin is short-term volatility and long-term growth
Whether cryptocurrency rises or falls, the best you can do is not look at it. Set up and forget like a traditional long-term investment account. Excessive use of emotion can lead to selling at the wrong time or making the wrong decision.
We can guess what cryptocurrencies will be worth to investors in the months and years to come (as many will), but the reality is still a new, speculative, without much history on which to base predictions. That is an investment. No one really knows what is going to happen. That's why it's important to only invest as much as you can lose.
This period in the cryptocurrency market is like the “final countdown” before take-off. It's like a universal law of physics. When the number of buyers exceeds supply, the price rises. And the longer you wait, the less chance you have of making the most of it. That is why it is important to prepare now.