Bitcoin Hits New All Time High!

I'm sure by now most have you have seen the news that Bitcoin has set a new ATH today. I cant help feel major FOMO every time I see a new ATH being breached as bitcoin was on my radar even when it was priced at $50 a coin.

Back then of course it was still in its infancy and I had no idea how big it was going to become, but I still think to myself, If only I chucked a few $1000's in at the time. Realistically, not knowing where the market was going to go, chances are I would have gotten out much before the previous ATH let alone this new one.

I think the lesson I have learned, and one we could all learn from is that you just never know which way the price is going to go so there is no point dwelling on it. DYOR and if you believe in the company or the product then allocate some of your funds to it.

So What's Next?

There are talks that we are due a correction, that could be a good buying opportunity if you have been sitting on the side-lines waiting for an entry point. I myself will be looking to increase my BTC holdings and hold on for dear life, however I do not want to buy in at the top, yet I know you can never time the market! Although I agree with the analysis that a price correction can not be far off, at the same time I look at the players who are actually buying Bitcoin this time: Microstrategy, Grayscale, Square, and that's just a few. I don't think they will have the same reaction as the retail investors did back when it hit the $20k ATH in 2018.

Whatever happens, I look forward to how the crypto market performs in 2021 as I look to increase my position in BTC.

Thanks for reading!

CoinKing