Crypto’s Booming. Buy More Later. | by Mark Helfman | The Dark Side | Feb, 2024

Cryptocurrency is a wild experience — an exciting rollercoaster of highs and lows, with stunning surges adopted by stomach-churning crashes. Bitcoin’s value is $52,000 as of this publish!

YouTube, Twitter, and Reddit let you know to earn cash now, FAST, and money out with huge positive aspects.

What altcoin is about to blow up? What’s one of the best narrative for 2024?

Sounds nice. Who paid them for that?

Guard towards the temptation of shopping for a major quantity of cryptocurrency at present costs, particularly when historical past has proven us that higher alternatives could lie forward.

This market at all times has downswings of 30 to 50% a couple of times annually. Typically, these downswings can final months. Save your cash for these instances.

Mark, You’re telling us to not purchase? It’s the beginning of a large bull market!

What?

I actually simply mentioned to purchase some crypto. The bull market began in November 2022.

It’s okay. You by no means get a foul value on bitcoin. No altcoin is value its value as we speak, however some will go a lot increased sooner or later.

I’m a agency believer within the transformative energy of blockchain expertise and the potential of cryptocurrencies to revolutionize finance. I’m much more bullish on the funding alternative. That’s one thing you possibly can’t get with every other asset class.

Nonetheless, I additionally acknowledge the significance of timing and strategic decision-making on this unstable market.

Let’s take a step again and take a look at the larger image.

Bitcoin and different cryptocurrencies appear destined to succeed in new all-time highs any day now. It’s straightforward to get caught up within the FOMO and really feel the urge to leap on the bandwagon earlier than costs climb even increased.

Right here’s the factor: the crypto market is notoriously unpredictable, and what goes up should finally come down.