This is my first post on CryptoTalk.org and I will do it about one theme that pops into my mind these days.
Due to BTC's surge from around $10k at the beginning of autumn 2020 to the surge around $40k in the early days of 2021 I see more and more people wanting to enter the market right now & others waiting for the correction. And the question coming recurring seems to be: "Is it too late to start buying Bitcoin?". One of the main reason for the price surge is definitely the influx of institutional money pumping dollars (which are printed like crazy) to the finite supply of BTC making as the latest stats 78% of the bitcoins in the market illiquid. Based on the demand & supply, if these new whales are searching to buy every bitcoin & satoshi they can get, the price will grow even higher and we will soon see a dangerous institutional bubble. Based on the principle - I follow my neighbour's actions all the big players seems to want to own BTC these days so bitcoin has finally decoupled itself from the rest of the market.
But ... let's go back like 10 years or more when MySpace was a huge giant and Facebook enters the market. Well, we all know what happened, people lost interest and they flew to Facebook instead, and Facebook as a group buys or wants to buys any potential next big thing so if people fly away from Facebook they will land on something else owned also by Facebook. Well, I think that for BTC this is the biggest danger, at a certain point the miners, exchanges & even funds to move their interest to something else. Right now, in the market, for investment purposes there are many solid projects with their coins which can 100X, 500X or 1000X over the next few years.
Nobody knows exactly where BTC will be in the next 1,2 or 3 years. It can go to $500k, $100k, or $1k. Nobody knows, and for the little guy wanting to start buying I would say to start buying in chunks over a period of time, no matter the price so to own a piece of the pie. Also, when buying BTC to start placing small amounts, small bets on potentially new, fantastic projects (on their coins :)) which could become the next big thing in the space. Of course, there is some work required for the research & assessment but without work nothing important can be achieved. For the institutions being in the FOMO mode right now I would advise the same. Most funds & institutional money follow the same patterns and algorhythms so they may buy like crazy like now but also they may sell like crazy after a while causing a market crash. So I will suggest a little bit more creativity with the investments in crypto, and to shy away from the FOMO zone which can create big turbulences due to the amounts involved.
Interested to see your opinions, and thank you for the opportunity to share my thoughts here! So it is not too late to start buying BTC while you also place bets on other projects, as this strategy could be a game changer for you.
