Bitcoin doing what? Gearing up? Ethereum and riches? Yup... I've not gone mad, just simply been watching how the almost 'runs' have been working and where the resistance and entry points might be - volitile environment has been a key part of this, however you may have noticed a slight stability for a couple of weeks at the end of November (2020 future readers) this largely continued at the beginning of December, we saw that mini spike and sudden resistance at around USD$19k to which Bitcoin (BTC) trades, investors, suddenly said "no... too early" and now mid-month we are back to flip-flopping in the USD$18.5k region. There is a reason or two for this.
Without getting into why some of the Bitcoin billionaire club have been a bit hesitant - namely some huge investments are due during the end of the year celebrations and January 2021, and Whales just not selling but rather hodling - I am of the opinion that this may well be the run up to being a milestone in Bitcoin history... history may be saying that this may well be your LAST chance to take your slice of the Satoshi pie.
It is without doubt that for many mid-level investors, and, for sure those with micro-investments into Bitcoin are already feeling the pinch on BTC prices - so where are these investors going to drop off to? Actually how about all those much higher up the chain of investors that hit their own financial barriers as BTC prices go through the roof?
You can speculate on a few of the Altcoins being the next point of investment... but we all know where we will be headed, actually... you should be thinking about the next token investment today - Ethereum.
Some say that Ethereum is the next paradise for those that wish to own a yacht and sip Sangria out in the middle of the Mediterranean - not me - I will agree with them. Do not underestimate the significance of the USD$500-plus Ethereum - we all remember that time when we said Bitcoin cannot possibly go further than USD$500 - do I need to spell it out how crazy that very milestone makes investors who missed that little step up onto the next Bitcoin level - this was for me when I should have full on 'Levelled Up' myself, but for whatever reason didn't.
Do you think I am going to still invest in USD$500-plus Ethereum? Hell yes I am... All signs point to up!
Does this mean you should stop grabbing up as much Bitcoin as you can?
No... Grab as much as you can now while you still can. This is very much the historic Bull Run waiting to happen, and every one Satoshi could be worth more than 10,000 times the value they hold today.
Are new investors still early into the world of Bitcoin? For me yes and will be all the way up to BTC being around the USD$100k milestone. You may never own a full Bitcoin, but you may still be buying a house in Satoshi.
As for holders... oops hodlers of Ethereum, many of you may well be the next generation of crypto millionaires, such is the magnitude of what will happen to Ethereum due to the Bitcoin Effect.
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