$BTC is UP! Is It A Good Time To Buy Bitcoin?
Short answer: No, but yes! Yes, but no!
The best time to buy Bitcoin was in 2010 when that weird nerd guy told you to do so. Yeah, I know, most of us ignored him and the past is in the past.
The 109th best time to buy Bitcoin was in 2023 when the price was $15,500.
Again, the past is in the past, but the number 1 rule of any investment is to NEVER buy when the price is high even if you know the price can go higher.
There were, are, and always will be price corrections. That’s when you buy.
So, Bitcoin reached $73,000 and everyone is talking about the Bitcoin Halving and BTC going to $100,000, $200,000, and even $1 million bucks. Great!
But it is almost impossible that Bitcoin will go from $73,000 to $1 million without having some big corrections, downs, “crashes” and “Bitcoin is going to zero” vibes along the way. So, if you want to buy, wait for a big red candle.
On the other hand, you need to ask yourself what your goal is.
Why are you investing in Bitcoin? Is it because you want to make some money, to get rich fast, or maybe because you believe the global economy is doomed and you feel safer with Bitcoin?
In my case, 90% of what I own is in crypto. Because I believe fiat will eventually stop existing. Not saying it will happen soon. I am just convinced that having my wealth in crypto will bring me more benefits than having it in fiat in a bank account.
Most likely, your goal is simply to multiply your money. Which is great! However, with Bitcoin, the most you will be able to do is double or maybe triple your investment in 1 or 2 years.
If that is enough for you, great! There is also less risk of course. Bitcoin or Ethereum are not going to give you more than that because their room to grow is quite close to the top.
Yes, globally is still early for crypto but when you have been in the crypto industry for more than 7 years, you realize that making 10x from your investment on a bull market is quite easy.
That’s why my answer to “Is it a good time to buy Bitcoin?” is “Yes but No”.
However, it is a very good time to buy AltCoins. You see! Every four years the cycle repeats.
Bitcoin goes up, then altcoins go up. There is a Bitcoin season and an AltCoin season.
But even better than Altcoins, the best you can do is to get involved in Layer 1 blockchains that are about to launch or that were launched recently.
If you pay attention to the performance of every Layer 1 after it was launched, it is a recipe to create new millionaires.
For example, think about Ethereum, Binance, XRP, Cardano, Solana, Avalanche, SEI, Kaspa, etc., all these Layer 1 were launched in different years but ALL OF THEM had a massive growth of at least 10,000%.
No, it is not a typo! Minimum 10,000% ROI for those who got involved at the beginning. When you see a project listed in Kucoin, Gate.io, ByBit, etc, you already missed the biggest ROI of the project.
The best part is that when you find any of these projects, you don’t need to get involved with too much money to see huge returns. Sometimes $100 to $1000 can turn into millions in months, this is because the risk/reward ratio is huge. New projects have a lot of room to grow.
U$1,000 in Bitcoin is not going to change your life, but U$1,000 in a new or a recently launched Layer 1 can completely shift your entire reality.
The tricky part is to find these new projects before Venture Capital companies, whales, and big hedge funds get involved.
How do you find the gems before people realize they are gems?
Browsing! Researching! And stalking users who got involved in previous successful projects! At least, this is my way.
I spent the last 2 years researching who got involved in the projects I mentioned before and when.
I found out that most of those projects had a breakthrough when the company suddenly took off. Can you guess what caused it?
Venture Capital companies! Yes, when big money gets involved these projects fly.
And can you guess when big investors get involved in these brand-new projects? Usually in the first 10 months after launch and, in many cases, it happens after the project is pitched in some crypto event.
What is my point?
The reason I am sharing all this with you is simple.
I think I found a project that can make you a millionaire.
I found a project that has all the points of the checklist:
- It was launched last October (only 6 months ago)
- It is not listed in any exchange
- It is about to be pitched in one of the biggest crypto events (Blockchain Life event on Dubai April 15–16, 2024)
- It belongs to an Estonian company (European regulations apply, and not some random island regulations)
- It is a layer 1 blockchain
- It is the FIRST layer 1 blockchain that offers revenue-sharing in a decentralized way.
I could add many more reasons because I have been checking this project for a while, their plans, their roadmap, their team, etc.
But the most impressive thing is that, for the first time your investment gives you more than only coins, it can also give you dividends as you become one of the shareholders.
The project is called BBAChain, and it is the first Layer 1 blockchain with revenue-sharing.
I bought a $10,000 validator from BBAChain at the beginning of January.
Why $10,000? Because that is the minimum amount to be a shareholder and to guarantee that I will receive a percentage of the annual revenue of the company when their ecosystem is fully operational.
What is a validator? A validator is simply a digital computer to “mine” BBA Coins. It is like a pre-sale.
The cool thing is that I did this from my home using a Metamask wallet in less than 10 minutes. The power of blockchain and smart contracts. If I want to become a shareholder of any other company, I need to contact them, set an appointment, bring much more money with me, bring a lawyer, sign a bunch of documents, and after a few days, it will be done.
Another thing is that you also don’t need to put U$10,000 of your pocket in BBAChain to get involved and benefit from the enormous potential of brand-new projects. You can get a Validator for $200, $500, $1000, or $5,000 in which case you will be receiving only BBA Coins. However, a $10k validator is the most affordable option that gives you both BBA coins and BSP (BTI Share Points) to have shareholder status.
Anyway, THIS IS NOT FINANCIAL ADVICE, but I honestly think this project will take off after the Dubai event, and if not after the next one or the next one.
Do your research and see you at the top.
Not Financial Advice. Only for entertainment purposes.
