No doubt Bitcoin happens to be the best stock around the market for now.
You can see the proofs in the gold Rush to get some units of it. However given the current rally for marathon race for a new ATH which is most probably fueled by the greed aspect of the fear to greed ratio a lot of fiats steaming from stimulus checks are being pumped in.
And if there's anything 2020 and covid-19 has taught us this year is that we need to start finding more alternative sources to earn money and this has helped to educate more people about crypto currency.
With Bitcoin being the brain child behind the crypto currency revolution, a lot of those stimulus checks are being pumped into acquiring more units of Bitcoin.
Being as it may, demand and supply will always take centrefold but then again looking into the technical analysis. We can tell that Bitcoin has hit that overbought resistance region so hard and this might likely result in a parallel move on the charts for a couple of time.
They say history always repeats itself...well do you remember 2017.
Hopefully this doesn't take such turn.
But at this point in time Bitcoin can either go higher and rather recede downwards with a steep corrective shift.
So do you think now is a great time to go all out whales on Bitcoin ~ Invest with your mind and not your emotions.
Especially if you have zero or little appetite for risk you should do some re-evaluation, besides altseason is about to begin (if the pumps today were anything, they probably indications of rally) you can always diversify your funds.
And rather than just hodl you can also jump into stake pools for rewards.
Well it's just a thought...
I was gonna try investing on Eth but it just keep getting higher and higher and cant to know when the time is right or probably its too late for me now. Wish I knew about crypto 10 years ago