In my every day talking with people I've started to hear a trend when the topic of cryptocurrency comes up once again. Before it was a ah I hate that stuff I don't get to get involved with it to a now ah it's too late to invest I already missed out.

This is a trend I see rather often with people at least me personally I'm curious if you do as well. That they always have an excuse as to why they didn't act on something and then they wonder why they never got ahead?

Maybe it's easier to see on the outside looking in when you know someone and it's hard to self reflect that that's what you're doing which is often times why I'll simply mention it to the person and then hopefully open a door for them to self reflect a bit.

Sometimes it works, other times it doesn't.

*This article is for entertainment purposes only and is not financial advice. Do your own research before investing and understand the risks.

Bitcoin Moves

Now that bitcoin is even starting to move and break out of it's 8 month bounce it doesn't feel like we are in that bullish run yet though. We can even see that happening right now as bitcoin has a hard sell off today which personally I feel is going to push us back sub 70k again and maybe even as far as back to our 65-67 levels before the election results come in roughly a week from today.

It also seems like we missed our ATH once again. But honestly I think it's coming in the next 5 months. Now the reason I say 5 months is because I believe an election positive to crypto is well priced in already and that it takes another 2-3 months before that president gets into office and starts to put anything into motion. That makes me a bullish person come 2025 and not so much 2024 unless the markets start to price in ahead of time once again which I'm sure they will to some extent.

So what blows my mind a bit is when people feel they missed out. While sure prices are crazy high right now they could very well be higher tomorrow or five years down the road.

It's the same thing I went over with someone the other day about silver. 20 year ago I could buy 1 oz of silver for $7 today it's now worth $32. Sure that sounds high now and it feels like you're too late but what if in 20 years silver was $64 or even higher. The percent gain is actully decent for silver in the long run coming in that time frame at roughly 10%-15% annual growth yield.

As bitcoin gets higher in price it's only going to become harder to get those higher earth shattering gains. I mean heck I bought Ethereum at $13 each! And bitcoin when it was $100 - $200 range! Today that's ballooned into stupid amounts of yearly yields but of course there were low points in there as well.

This is where DCA comes in and seems to work the best for most people as it removes out the emotion factor from it all. DCA or Dollar Cost Averaging means putting money into a asset every day, week or month no matter what. So for example $10 every day into bitcoin no matter what the price is.

Over time this method while it seems like you're getting screwed with we are at ATH's actully tends to play out rather well over the course of 5 years - 10 years or 15 years. It removes the emotion factor out of it where you would try to "game" or "predict" the future of asset highs and lows and more times than not actully guess the worst possible option you could lol.

The Big Players

The other thing I always say is watch what others do and not what they say. By watching what they do that's real action and speaks louder than words.

All this time you had big banks etc legit talking crap about crypto and bitcoin while on the backend they where accumulating as much of it as possible and to this day they still are accumulating it.

So the question of if it's too late? I think not being that you seem major players still buying up bitcoin in droves at these prices and trying to take as much market share of it as possible.

What are you thoughts?

Posted Using InLeo Alpha