Cryptoverse: Hold for Halving!
The Bitcoin Half is right under our noses and knocking on our doors. Bitcoin halving is likely to be completed within a few days. Moreover, earlier this year the topic of discussion was the Spot Bitcoin ETF which was approved by the US Securities and Exchange Commission. Also in the news is Hong Kong's approval of spot bitcoin and ether ETFs. Which has created a new discussion. And new possibilities are opening up for crypto investors.
Since the beginning of this year, we have seen an upward trend in the price of Bitcoin due to various positive events, the approval of Spot Bitcoin ETF by the US Securities and Exchange Commission at the beginning of the year, and from that trend, Bitcoin crossed its all-time high in its history and rose to new highs in terms of price. After the price of Bitcoin rose above the new high of $73,000, we again saw a bit of a downtrend in the market, and now we see that downtrend continuing and currently approaching $60,000. Although currently the price of Bitcoin is trading around $63,000.
The sale of Bitcoin by various companies as well as the current Iran Israel tensions have had quite an impact on the market. Currently, Bitcoin and other altcoins have fallen in price. So the long term planning for the bitcoin halving must be done and with the current price drop of the coins I think it is very important to buy and hold the coins for the future. Because if you can buy at this price which is currently reduced, you will get a good return in the future. Although Bitcoin correction is an important issue especially in the moment of Bitcoin halving. Because every bitcoin halving has a major correction and the price of the coins drops a lot during that time. However, it remains to be seen if there is a correction at this time.
But most of the coins are heavily down so it is very important to hold for the bitcoin halving. Because if you can hold this position and buy it again if Bitcoin corrects in the future, you will get a very good profit return from them through dollar cost averaging. Moreover, it is not a bad thing to hold at present. Truth be told, we often wait for opportunities but never imagine when the opportunity will come. Every time coins drop in price we expect more price drops. But our hope is not successful but when the price of the coins starts to rise, we rush to buy the coins. And then we face less profit or loss. So we must take advantage of that opportunity and also make a long term plan which will bring us a good profit. And that's why we should definitely be in this position as well as buy again when Bitcoin corrects and hold these for the long term then we can make a good profit from here.
Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.
tweet link
Upvoted! Thank you for supporting witness @jswit.
You have created a wonderful post, I believe we can all blame Iran's attack as the reason for Bitcoin plummeting but have no doubt historically this always happens prior to Bitcoin halving, something must trigger it.
Hold for Halving shared a very important topic. Very nice to read such a nice post by you. I learned a lot of important things through you today.
The cost of Bitcoin is going to increase after the halving because the reward will cut by 50% so I believe it is good to hold the Bitcoin for the long term because after halving price appreciation will start after couple of months.
The cost of Bitcoin is going to increase after the halving because the reward will cut by 50% so I believe it is good to hold the Bitcoin for the long term because after halving price appreciation will start after couple of months.
I noticed that you always post very important Crypto news which I love! Thanks for posting more such important topics
We all are familiar with a rule of the crypto market that there is almost always volatility in the crypto market along with price fluctuations. But many times we get sentimental in these situations and we take a wrong step. And you have also told us by posting here that it is better not to sell our coins now in this bad time but to hold for the future.