Join 48,558 users and earn money for participation
read.cash is a platform where you could earn money (total earned by users so far: $ 204,981.83).
You could get tips for writing articles and comments, which are paid in Bitcoin Cash (BCH) cryptocurrency,
which can be spent on the Internet or converted to your local money.
I am obsessed about reaching my goal of owning 1 BTC. Everyday I look at the price of Bitcoin, waiting for the dip that will let me make the final buy order. I believe that this asset will become really valuable in the future, and I don't want to miss the opportunity of my lifetime.
I have been Dollar Cost Averaging for weeks now, this buy orders were for small amounts of money. I think that this is the best strategy and even I have stopped now I still think that it is the smartest one.
The reason I am not doing it right now is that there is a certain amount of money that I want to keep invested in crypto, and I am really close to that amount now.
I have some cash available to make this last move, but If I buy at this prices I am not able to achieve the objective. So, I have to wait for a 15-20% dip. And I think that will happen sooner or later.
But all of this... Why?
They say that sometimes an image is better than a thousand words, well, here is the image:
Today Binance Academy posted a really interesting tweet that made me think.
If you have the opportunity to be from the 0,27% of people in the world that own more GOLD for a few thousand dollars, would you do that?
I dont't know what your answer would be, but of course I will.
And I think that this is the same opportunity for one of the most innovative asset classes of human history, Bitcoin. The potential of growth is too good to not make that move.
Time is the only one that will tell if this is a smart decision or not. I have been fully involved in cryptocurrency since 2017 and I am more convinced than ever of the cryptocurrency potential.
This weekend the price of Bitoin dropped to levels below the $9,000 mark, but it recovered really fast and it is actually being traded at around $9,150. The dip was small and short-lived, definitely not what I am expecting.