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Bitcoin is bearish…How to seize the opportunity
Bitcoin has retraced 50% from its all time high. If, like me, you don’t think that we have hit a cycle high, here are some ideas on how I’m setting my portfolio for the next leg up.
I consider myself a cryptocurrency investor, not a trader. I’m not willing to try to time the market because I recognize (from experience) that I’m not good at it. I also like to look at Bitcoin’s chart from its inception and wish to capitalize on the clear pattern that is has shown. Below is Bitcoin’s logarithmic chart since it began. You will notice that while it hasn’t always gone up, it clearly is moving up and to the right consistently over time. If you think that this pattern will continue, than it makes sense to accumulate more Bitcoin.
I am not a financial advisor or an investing guru and this isn’t financial advice. I am an investor and am here to share my thesis on why and how I am accumulating Bitcoin in hopes of it continuing to move up in the future.
Reasons to be bullish on crypto
I don’t invest just in crypto and my crypto portfolio isn’t all in on Bitcoin. I wouldn’t recommend that anyone allocate more funds in their crypto…