There is a storm brewing on the horizon, and most people don’t even see it coming. That storm is Bitcoin, and it is about to change everything. It’ll be unlike any storm you have ever seen before. Lives will be changed financially forever. Some will amass incredible riches, while others will lose everything.
However, if you were to look at the current landscape of the cryptocurrency market, that previous statement would seem as far from reality as possible. After all, during the last few months, Bitcoin has been behaving much more like a stablecoin, rather than the highly volatile crypto asset that it is. Ending days and weeks with the price staying within the same price range, moving up or down by only a hundred dollars or more. Most people new to Bitcoin aren’t even aware of its true behavior. That when Bitcoin finally wakes up, it moves with a vengeance. In other financial markets such as stocks, days where the market moves up or day by 3% to 5% are major headline events. With Bitcoin, that is just another Monday. In fact, when Bitcoin finally does wake up, days, where it moves should be expected.
With Bitcoin currently sitting at a price of just over $29k, a daily candle that sees its price go up by 10% would result in an increase of at least $2.9. With that said, think back to the last crypto cycle. On the best and worst days, Bitcoin saw price candles of it going up or down by at least $10k. It’s not too outlandish to expect $20k to $30k daily price candles during the next Bitcoin bull market.
What this all means is that the current calmness of the market is trying to fool. It is trying to make you forget how volatile of an asset Bitcoin is. It is trying to make you so bored that you either stop paying attention to the market or even sell out of your position altogether. Instead, this is the time when your mind needs to be the most focused. It is the calm before the storm, and that storm is rapidly approaching. The only question is if you have prepared throughout this calm period, and were able to put on your helmet for safety.
Bitcoin is a tricky market, that will often begin to mess with your mind. It is one of the few financial markets where you can constantly invest more money into the asset, yet seemingly your portfolio value always stays the same or even drops. While it is true that the amount of actual Bitcoin you own is increasing, its value in terms of dollars is dropping. All of a sudden that $5,000 you invested into Bitcoin, is now worth $3,500. Yet everyone in the market will tell you it is fine, and that you just need to keep investing even more. That you need to have patience.
As crazy as it sounds, those people are right. The Bitcoin market is all about surviving the market cycles and living to see the next bull cycle. The periods of calmness when it seems like absolutely nothing is happening. Those are actually your greatest opportunities to accumulate. Investing in Bitcoin during these times is similar to pulling down a lever on a catapult. While you are buying Bitcoin during the bear market, the lever is being pulled down and it seems like your portfolio isn’t growing at all.
However, when Bitcoin finally wakes up, that is when the lever is released, and that is also when the value of your Bitcoin portfolio explodes upward.
The trait amongst Bitcoiners that separates those who have success and those who don’t is their ability to look ahead and see the future. There is no denying that Bitcoin has had a rough few years since it last reached an all-time high price of $69k. But these people are able to look through all of the smoke, fire, and FUD. They are able to maintain their conviction in the asset and see how much potential it truly has. They are able to continue investing when others can’t.
These are the people who can see that a storm is coming and it is called Bitcoin. That it will cause one of the largest transfers of wealth that the world has ever seen, and they want to be a part of it. The only question is if you had the foresight and have been preparing during the bear market.
How about you? What have you been doing in the calm before the storm?
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As always, thank you for reading!
