Since Aug 07, 2021Bitcoin has crossed the $42.5k support barrier and has now crossed the second $52.5k support barrier, meaning that the Bitcoin market is currently entering a bullish trend. Many new investors are interested in making a profit from Bitcoin but most of them don't know how to buy Bitcoin as an investment. Here's how to buy/invest when the Bitcoin price is in a bullish trend.
Hodl your Bitcoin
If you already have Bitcoin holding up, don't rush to sell it, wait until the Bitcoin price will peak at least the Bitcoin price is already $100k per BTC, which will likely happen in Jan-Feb 2022. And you can sell your Bitcoin when the price will touch resistance. And keep in mind that a year after the halving day the price of Bitcoin will increase by an average of 30X.
Buy Bitcoin Gradually
If you have a budget of $ 5000, don't buy Bitcoin all at once, but buy it gradually, for example every month $ 500
for ten months, and we don't have to worry about whether the Bitcoin price is at the top or bottom. This gradual way of buying will reduce the risk of loss.
Buy Altcoins as Diversification
Bitcoin price increases will not happen every day, but there will also be frequent price corrections, whales will also take advantage of them to take profit by selling their Bitcoins, so the Bitcoin price will go down. Therefore, Altcoins are needed for diversification, for example Solana and ADA.
These three Bitcoin investment methods can be applied by anyone, both beginners and intermediate investors when investing in Bitcoin prices that enter a bullish trend. And most importantly, every investor must have a trading plan by determining support and resistance levels using moving averages.
Hodl your Bitcoin
If you already have Bitcoin holding up, don't rush to sell it, wait until the Bitcoin price will peak at least the Bitcoin price is already $100k per BTC, which will likely happen in Jan-Feb 2022. And you can sell your Bitcoin when the price will touch resistance. And keep in mind that a year after the halving day the price of Bitcoin will increase by an average of 30X.
Buy Bitcoin Gradually
If you have a budget of $ 5000, don't buy Bitcoin all at once, but buy it gradually, for example every month $ 500
for ten months, and we don't have to worry about whether the Bitcoin price is at the top or bottom. This gradual way of buying will reduce the risk of loss.
Buy Altcoins as Diversification
Bitcoin price increases will not happen every day, but there will also be frequent price corrections, whales will also take advantage of them to take profit by selling their Bitcoins, so the Bitcoin price will go down. Therefore, Altcoins are needed for diversification, for example Solana and ADA.
These three Bitcoin investment methods can be applied by anyone, both beginners and intermediate investors when investing in Bitcoin prices that enter a bullish trend. And most importantly, every investor must have a trading plan by determining support and resistance levels using moving averages.