One of my buddies asked me about Bitcoin when it was around $25,000. I said it's a good time to accumulate some because the halving event was coming soon. He kept wondering if he should wait for the price to drop, thinking Bitcoin's price had stalled after some initial rises. I told him the price might go down or up, but I'm focused on accumulating as much as possible before the halving. If it dips, I'll happily buy more at a lower price. Heβs a stock trader and knows nothing about bitcoin or crypto in general.
Today, he asked me about Bitcoin again, and I reminded him that there's still about 50 days left until the halving. I'm not sure what he'll decide, and honestly, it doesn't concern me. What I do know is he didn't buy any Bitcoin when it was 25K. Chances are, he still doesn't own any, which is probably why he's asking me about it again.
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