Bitcoin update! I sold it all to lock in profits. Should I average down bitcoin again in 2024?
Bitcoin update! I sold it all to lock in profits. Should I average down bitcoin again in 2024?
"Hey there!
Investing for Beginners Community Family!
What a beautiful day it is to be alive and well!
Today I talk about Bitcoin update! I sold it all to lock in profits. Should I average down bitcoin again in 2024? have you ever asked yourself, should I average down bitcoin,
I also talk about how I am averaging down bitcoin in the year 2024.
Why is bitcoin stuck at 42000?
I also talk about taking profits by always have a plan and a stop loss when I trade. The cool thing about the crypto market is that there is no PDT rule. That mean you can trade in and out of trades all day 24/7 365 days a year, which create a huge opportunity for you and I to make serious money in the market.
Get this video to 50 Likes and I will Personally start a new Challenge in February to invest $5 every single day into bitcoin, until we reach 1 bitcoin currently priced at $42,600 at time of this recording!
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*Not financial advice
Also learn how you can take advantage of the stock market, even in times of uncertainty in the market. Beating the stock market can be an easy way to increase your net worth and your income of time. Being able to have an Epic how to beat the market will make you unstoppable.
We will also talk about how paying yourself first can have a huge ROI (RETURN ON YOUR INVESTMENT) for your future.
This is going to be a great episode!
Hope you enjoy!
Bitcoin, the world’s oldest cryptocurrency, has had a remarkable journey since its inception in 2009. Its price history has seen both soaring highs and significant lows. Let’s delve into some insights:
Price Movements:
As of December 20, 2023, one Bitcoin was worth approximately $42,000.
Notably, Cathie Wood, CEO of Ark Invest, predicted that Bitcoin could reach an astounding $1.48 million by 2030.
Analysts emphasize that predicting Bitcoin’s price is challenging due to factors like adoption and market dynamics. The sky could be the limit.
Forks and Resilience:
Bitcoin has weathered storms, including proposed forks that split the community. Despite debates, it has persisted in its current format, with forks now accounting for less than 1% of its total market cap.
2024 Predictions:
Analysts’ predictions for 2024 vary:
Forbes Advisor: Bitcoin’s price could fall to a low of $35,000 or reach a high of $85,000 by the end of 2024. By the end of 2025, it may drop to $50,000, preparing for a new bull run2.
CoinGecko: The average Bitcoin price prediction for 2024 hovers around $87,000.
Your Decision:
Averaging down on Bitcoin depends on your risk tolerance, investment strategy, and belief in its long-term potential.
Consider consulting a financial advisor and staying informed about market trends before making any decisions.
Remember that cryptocurrency investments can be volatile, so proceed with caution and make informed choices based on your individual circumstances. 🚀🔍💰
Use this Video as a guide and adjust it to meet your own goals.
*THIS IS NOT FINANCIAL ADVICE
You'll get there, don't give up!
“1% isn't much today, but after 1 year, it adds up to 365%, respect the process” -Johnny Encinias
Bitcoin update! I sold it all to lock in profits. Should I average down bitcoin again in 2024?
Free eBook👇Budget Template 👇Weekly Newsletter👇 Invite to PRIVATE Group
Free eBook👇Budget Template 👇Weekly Newsletter👇 Invite to PRIVATE Group
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"Hey there!
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Sources:
(1) Bitcoin Price Prediction 2024 – Forbes Advisor. https://www.forbes.com/advisor/investing/cryptocurrency/bitcoin-price-prediction-2024/.
(2) Bitcoin Price Prediction 2024, 2025, 2026, 2030 - Techopedia. https://bing.com/search?q=bitcoin+price+prediction+2024.
(3) Bitcoin Price Predictions 2024 - CoinGecko. https://www.coingecko.com/research/publications/bitcoin-price-prediction-2024.
(4) Bitcoin Could Drop in the Short Term - CoinDesk. https://www.coindesk.com/markets/2024/02/06/first-mover-americas-bitcoin-could-drop-in-the-short-term/.
(5) ETFs escalate 'substitution' that can push bitcoin price to $600,000, per analyst. https://www.thestreet.com/crypto/markets/etfs-escalate-substitution-can-push-bitcoin-price-to-600000-per-analyst.
(6) Bitcoin Price Prediction 2024-2033: Will Bitcoin Bulls Rally?. https://www.msn.com/en-us/money/markets/bitcoin-price-prediction-2023-2032-will-bitcoin-bulls-rally/ar-AA114Jpx.
(7) Bitcoin Price Forecast – Bitcoin Continues to do Very Little. https://www.fxempire.com/forecasts/article/bitcoin-price-forecast-bitcoin-continues-to-do-very-little-1407991.
(8) Bitcoin Price Prediction 2024, 2025, 2026, 2030 - Techopedia. https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction.
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