5 Reasons Bitcoin Is A Steal At $60K
After four months of boring sideways movement, now may be the most inopportune time to give up on Bitcoin. Here are five reasons to stay in the game and to keep stacking.
“Bitcoin is going to $1 million! Bitcoin is going to $0!” When it comes to Bitcoin price projections, I always take them with a grain of salt. Over the past 15 years, I don’t think any analyst has accurately predicted Bitcoin's short-term price. And if they did, everyone would follow them, and the model would break. Daily, I see forecasts for Bitcoin going down below $50K or above the all-time high of $75K “soon.” These analysts/influencers/gurus attempt to shake you out, pump their bags, or monetize your attention.
I prefer a more pragmatic approach rather than getting hung up on all the noise. The last time I got shaken out of my Bitcoin was during the COVID-19 crash. Bored at home, I consumed too much media and regretfully sold out my BTC and ETH. I followed articles about expert traders who “called the 2018 top or the BTC low in 2019.” I got shaken out, and a few months later, I changed my Bitcoin investing strategy.
I went from trying to time the markets to investing a uniform amount daily. I bought at the 2021 peak and the 2022 low. I’m not the…
