Despite a crash in the price of Bitcoin during May 2021, the king of cryptocurrency is still trading above $30K as I write this. It is even close to $32K. Many believe that Bitcoin is heading straight for a Bear Market, or that it is already there, but I think that the Bull Market that started in October 2020 is far from over:
As always with the Bitcoin price in the short term, no guarantees. We'll see what happens in the days and weeks to come.
Many charts lead me to believe that we are currently in an accumulation phase that will allow those who truly believe in Bitcoin to take full advantage of it in the future.
The divisibility of Bitcoin should be your best ally to take advantage of its revolution
When I say this, some people tell me that the price of Bitcoin is too high for them to benefit. These people make the mistake of thinking that Bitcoin is like company stock. You don't have to buy 1 whole BTC. Bitcoin offers exceptional divisibility.
The king of cryptocurrency is indeed divisible up to eight digits after the decimal point.
So you can buy Bitcoin for $10 or $100 if you want. When I tell this to the same people who didn't know about this property of Bitcoin, they tell me it's useless.
Again, it is a mistake to think like that.
No matter how much you buy in Bitcoin, you will make a good choice if you know how to demonstrate the essential quality of all those who achieve great things in life.
That quality is patience.
Every Bitcoin purchase, no matter the amount, can change your future for the better
All the great successes that make people dream are built by small steps repeated regularly. The consistency of your efforts then makes the difference after several years.
So, it's worth buying $100 worth of Bitcoin as soon as you can. This is not financial advice, but an observation confirmed by the evolution of the price of Bitcoin since 2010:
Bitcoin price evolution since 2010
Since August 2010, the price of Bitcoin has increased by +53,000,000%.
Imagine how much money you would have today if you had started buying $100 of Bitcoin once a month back then and continued patiently for a decade.
You would be sitting on a fortune that would allow you to truly live your life on your own terms.
But back then, no one imagined this. Great successes are always built this way with small steps consistently repeated over the years. Buying $5, $10, or $100 of BTC every month by practicing a DCA (Dollar-Cost Averaging) buying strategy can change your future life for the better.
Final Thoughts
To get into this virtuous circle, you need to understand the why of Bitcoin and be convinced of the success of its revolution. So it's up to you, and you alone. The important thing in my opinion is to get into this routine, no matter how much you buy.
So stop listening to those who think that small purchases are useless. Protecting the fruits of your labor from the ravages of monetary inflation and censorship is never something useless.
Wanting to access the freedoms that Bitcoin gives you is always a good thing whether it's $10 or $100. Now you know what you need to do to take advantage of Bitcoin: take action.
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