Bitcoin wakes up again: and now what?
It’s been a while since I published anything about cryptocurrencies, and today seemed like a good time to come back.
Bitcoin has just been the protagonist of a strong rally: it has once again surpassed US$72,000 and regained technical levels that the market has been closely watching. In addition, Bitcoin spot ETFs recorded around US$517 million in inflows in a single day, an interesting sign that institutional demand is back.
There are also analysts looking at the US$74,500–75,800 area as an important resistance zone. Breaking above it and holding there would be a much more meaningful signal than simply having had a +9% day.
But here comes my favorite part:
I’m not going to buy.
I’m also not going to sell.
Why?
Because I already did my part when the market was down.
I kept buying small fractions of BTC during the drop, without putting my savings at risk and without trying to guess the bottom. Now I have an accumulated position, and my strategy is much simpler: wait.
If Bitcoin keeps rising, great. My fractions are participating in the move up.
If it corrects again, I don’t need to panic either: I already have a strategy to take advantage of any lower prices.
And if one day it starts getting close to its previous highs again, then, yes, it will be time to sit down, do the math, and decide what portion makes sense to convert into profit.
I think this is one of the hardest things to learn when you start investing:
You don’t always have to do something.
Sometimes buying is the decision.
Sometimes selling will be the decision.
And sometimes, like now, waiting is also an investment decision.
This is not a buy or sell recommendation. I’m not a financial advisor, and each person should evaluate their own risk.
I’m simply sharing what I’m learning as I try to invest small amounts, with patience, without leverage, and without chasing every green candle.
For now, I’m just watching.
Bitcoin already knows how to go up on its own. 😄$BTC #Write2Earn!
It’s been a while since I published anything about cryptocurrencies, and today seemed like a good time to come back.
Bitcoin has just been the protagonist of a strong rally: it has once again surpassed US$72,000 and regained technical levels that the market has been closely watching. In addition, Bitcoin spot ETFs recorded around US$517 million in inflows in a single day, an interesting sign that institutional demand is back.
There are also analysts looking at the US$74,500–75,800 area as an important resistance zone. Breaking above it and holding there would be a much more meaningful signal than simply having had a +9% day.
But here comes my favorite part:
I’m not going to buy.
I’m also not going to sell.
Why?
Because I already did my part when the market was down.
I kept buying small fractions of BTC during the drop, without putting my savings at risk and without trying to guess the bottom. Now I have an accumulated position, and my strategy is much simpler: wait.
If Bitcoin keeps rising, great. My fractions are participating in the move up.
If it corrects again, I don’t need to panic either: I already have a strategy to take advantage of any lower prices.
And if one day it starts getting close to its previous highs again, then, yes, it will be time to sit down, do the math, and decide what portion makes sense to convert into profit.
I think this is one of the hardest things to learn when you start investing:
You don’t always have to do something.
Sometimes buying is the decision.
Sometimes selling will be the decision.
And sometimes, like now, waiting is also an investment decision.
This is not a buy or sell recommendation. I’m not a financial advisor, and each person should evaluate their own risk.
I’m simply sharing what I’m learning as I try to invest small amounts, with patience, without leverage, and without chasing every green candle.
For now, I’m just watching.
Bitcoin already knows how to go up on its own. 😄$BTC #Write2Earn!