Investing in crypto currency has become the order of the day, seeing more people who are willing to grow their portfolio by investing substantial amount of money. We have witness the rise of different crypto investors who were able to make smart investment decisions by understanding how the market circle works. It is no doudt that the crypto space is a wide and complex which encompasses different opportunities which differs from just investing. If there is one thing that is common among those who have taped into the benefits and privileges offered by the Crypto space is accumulating of knowledge which is a product of consistent and rigorous research.
Based on experts opinion, it has been established that research is the bedrock of any investment endeavours. In order to understand major factors that influence the outcome of investment in order to make calculative risk by evaluating the margin between profit and loss, research is of utmost importance. But often times we have seen those we consider to be well informed about matters of investment make the greatest investment errors in investing in crypto. I mean everybody is prone to make mistakes which includes both the experts and upcoming investors. It makes you wonder if there weren't aware of procedures and protocols needed to be undergone before venturing into an invest opportunities offered by crypto currency exchange.
Probably they were not aware but if they were and still chose not to conduct research about a specific project/coin they want to invest in, then there must have been something that forced them to make such hasty decisions. Investing in crypto currency/ building a portfolio one of the major things that a crypto investor need to understand is the Bitcoin market circle. It is evident that Bitcoin dominates at least 50% of the crypto market capital which means when ever there is a rise or fall in Bitcoin price it has effect on most coins in the market, which means Bitcoin drives the Crypto currency market.
One of the major events in Bitcoin market circle that influences the price of most coin is Bitcoin halving. Based on my research I discovered Bitcoin halving occurs every 4 years, this data is based on the information gathered about Bitcoin market circle dating back to 2012, 2016, 2020 and now 2024. during the period of Bitcoin halving there is scarcity of Bitcoin which results to increase in the price of Bitcoin. This period of scarcity of Bitcoin and increase in the price is known as bull run. during the period of Bitcoin halving every other performing coin also rises, though it is not constant, other factors might contribute to the inability of a coin to perform during Bitcoin halving.
During Bitcoin halving that is speculated to last for the period of 18 months arguably, Those who have managed to understand how Bitcoin market circle works and have managed to secure a considerable amount of Bitcoin or other performing coins before Bitcoin halving, "HODL" ing it till the price is favorable to sell are known to make the highest profit from investing in crypto currency exchange. As soon as Bitcoin price skyrocket during the process of halving there will be different kind of news about those who made 1 million dollars with just $1000. Hearing this everyone wants to have a share of the millions being made out of crypto currency investment.
๐๐๐ง๐ ๐๐ค๐ข๐๐จ ๐ฉ๐๐ ๐๐ก๐๐ข๐๐ฃ๐ฉ ๐ค๐ ๐๐๐จ๐๐จ๐ฉ๐๐ง ๐๐๐ก๐ก๐๐ "๐๐๐๐ง"
You might be wondering what does fear have to do with this, at the point when people are being excited based on different news about the huge profit others are making from investing in crypto, out of that excitement comes "The fear of missing out of the opportunity" Everybody wants to make money despite some knowing the risk of not making proper research before venturing into an investment, they all feel there is no need to do so since it is already evident that crypto invest yields High returns at the moment. They don't care to understand the reason behind sudden rise in price of coins, all they care about is not missing out from the opportunity provided by the rise in Bitcoin price.
แดสแด แดสแดาษชแด แดา ษชษขษดแดสแดษดแดแด ษชs สแดษขสแดแด
As a result of being ignorance by not equipping themselves with knowledge they fall into the group of people who purchase Bitcoin or other coins when they are at their all time highest price and they will start hoping it will rise. It might, it might not depending on when the coin was bought during the time of Bitcoin halving but for those who are completely unlucky will buy coins when it is at its peak. Meaning it can't go any higher and gradually it begins to fall, the crypto market begins to crash. People will start panicking not knowing what went wrong, some will decide to cut their losses and sell their Crypto asset at an unfavourable price.
Some of them might begin to wonder if they were unlucky or were attacked spiritually but that is not the case they invested in an asset not because they made proper research but out of "fear"
So dear readers we are all fortunate to experience another season of bull run a product of Bitcoin halving, kindly make smart decisions by making proper research before investing to avoid losses while others are acquiring profits.
Cover image- ๐ฃ๐พ๐๐๐๐๐พ๐ฝ ๐๐๐๐๐ ๐ผ๐บ๐๐๐บ
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