This isn't for the diehard's who see 1 BTC = 1 BTC but for those of you who have been hesitant to obtain BTC where it currently stands.
If we look at: https://coinmarketcap.com/halving/bitcoin/ we see that we have roughly 713 days left at the time this post was written before the bitcoin halving. Of course, this isn't exact time but an estimate. And if we look back on history we can see that typically about halfway (which we are now) through the halving cycle bitcoin/the overall crypto market has a huge slump and flys very low for quite some time (use the 2017 boom and bust for an example).
We can see that that "low flying" period typically lasts for a decent amount of time. And while most people like Charlie Munger and now even Jim Cramer has reportedly shitted on Bitcoin as worthless. That's the perfect time for your personal "accumulation" period because while it's down in the dumps and nobody cares about it due to massive losses. We know even if we look before 2017 that after every halving the network becomes stronger/more secure and the overall value proposition/scarcity of bitcoin increases after each halving.
To help you ease the FOMO and confusion as to when to DCA think of this. We have about 2 more halvings left before bitcoin becomes unattainable by the "common man" right now even where it stands now someone making a modest 75k/yr can really buckle down and budget and own an entire bitcoin. That will be unheard of in 2028 (the next halving after 2024) because it will be too expensive. So with this knowledge, we can reasonably bet that bitcoin will be "affordable" for at minimum the next 713 days and at maximum by the 2028 halving. I've always found it funny how people will purchase a brand new honda accord for $30,000 without batting an eye but will scoff at those same people accumulating btc around the same value because it's "too expensive".
This hopefully will allow you to realize that no matter how much people are saying it's "worth" right now. As long as it hasn't halved yet in 2024 you don't have to worry about the value/affordability "running away" from you or even whether or not it "go to zero" as the media would say.
I tend to mainly ask these 3 questions to ease my anxiety.
- Did bitcoin's supply cap increase? No?
- Has bitcoin been hacked? No?
- Has the underlying software been compromised in a way that severely degrades the value? No?
And if the answer is no to all those questions then I can give a rats ass about the current value because bitcoin has the same value at the ATH as it does where it stands now because nothing has changed about the underlying protocol. All that happened is I can accumulate more!! Which is why I love when it crashes.
In short, stack sats!Hope this helps!
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