Perhaps it's safe to say that the great accumulation has begun. With the bitcoin halving closing in, it's clear that bitcoin will never be the same again.
Imagine when the halving starts, what will happen by the is something we all don't want to miss out on. There are still possibilities of Bitcoin crossing $300k ending of 2024. That's around 10x in profits if you buy now and sell at $300k mark.
We have people who like DCA. That's a great strategy for holding for a long time with no aim of selling in the short term. However, some people are unable to DCA, either due to a lack of enough funds or being scared of making the wrong choice with the little money they have.
If you are the type who hadn't been DCaing into Bitcoin all through the bear market, now is the opportunity to buy and accumulate as much as you can because there might never be a time like this again.
Sooner than later, we won't be able to mine more bitcoin like we use to and that would make not only traders start investigating how to accumulate more bitcoin for long trades but will prompt them to buy more than they are selling.
This means we’ll start having fewer traders who only care about short-term profits. Traders would be more interested in the long-term benefits of their bags now than ever.
This long-term thinking can be the next 3 months, 6 months or the next 6 years.
If buying Bitcoin from now until the Bitcoin halving, which is less than 10 months from now, would still give you a chance of making over 10x in profits, then I would say it's worth the wait..
What do you think will happen when BlackRock and their gang street members start flooding in, I bet it'll become even harder to buy anything substantial.
Moreover, the recent news of BlackRock coming into the crypto space has made the bitcoin market pump over 19% now and still currently holding strong at around $30,500 at the time of writing
That's just the first step, think about when they become deep-skinned in the crypto game. I bet they'll be hooked with nowhere else to go.
They know what is about to unfold and they sure don't want to miss out like they have been in the last decade.
Right now, the opportunity to accumulate and hold our position is staring us right in the face, before the big dawg fill their big backpack.
Sadly, only a few can see beyond all the bad news and dramas going on in the crypto and financial world to see that the great accumulation of bitcoin is not only here, but that it's going to be over before we even know it has started.
Are you DCA(ing) or buying when you can, which is now. Whichever option works best for you, go for it and fill those bags, they won't fill themselves unless you do.
But what about those who can't even afford to accumulate a big dawg coin like Bitcoin?
Well, I got better news for you. Hive is one of those platforms you can sign up on today and earn crypto.
There are multiple ways to accumulate hive, and I will only share a few of them here with you.
Firstly, you can write about your favourite topics here and earn rewards in hive tokens, which can be traded on any exchange around the world. You can use binance if you don't have a hive exchange in your local.
Secondly, this is for those who are not writers and haven’t been properly versed on how to create long for content.
You can check out threads on leofinance and post short form content to earn the native Leo token, which is the native token of the leofinance community on Hive, where you also get to share stories about finance and crypto just like the one I am sharing with you now.
I hope with this little piece you won't have any excuse for not filling at least one of those bags, with either bitcoin, hive, or Leo tokens.
Thanks for reading
Until next time