Hello!
In approximately 3 hours the Bitcoin halving will happen, the molst expected event in cryptocurrency of the year. The question that everybody in the space is asking is what is going to happen with the price? Will that increase? Miners will dump? Another bull run will start like 2017?
I think that long term the economic laws of supply and demand will apply and the price is going to rise. But what will happen short term?
Lots of questions that will answer themselves in some weeks. In the meantime I will be patiently waiting for a small correction to load my bags again. The Dollar Cost Averaging strategy (DCA) is extremely difficult for me, as I don't have the patience needed.
However I am planing to DCA after my goal of reaching 1 BTC is achieved. I am not able to buy a whole Bitcoin with the amount of cash I have available to invest right now, so waiting for a dump is the only thing I can do. I am not planing to invest more money monthly for now, I have some other goals that need some funds and I am saving as much as I can for them.
In my opinion 2020 will be an awesome year for the cryptocurrency investors. We have been through a really hard bear market for a long time, specially for the altcoin holders. At some point it will stop and the market sentiment will rise as prices rise.
Enjoy! 😊
