Is It Time To Buy Crypto? Find out here

If you have been considering buying crypto, stay glued here and you will get to find that out in the course of reading this article.

So, this is going to be a very touchy topic as this is quite controversial within the world in general.

Is it now time to buy crypto?

Before we continue, please understand that nothing said in this article is financial advice.

I am not now nor have I ever been a professional anything.

I am simply a person sitting on a wobbly kind of chair, punching the computer keyboard that is in front of me.

I’ve seen the ups and I’ve seen the mega downs.

Before you consider buying crypto

Understand that this is probably going to be one of the most terrifying and risky things that you will ever put your money into.

If you’ve been here for another cryptocurrency cycle, if you were here in 2020, 2021, and then 2022, and also 2023, you remember there are euphoric days and then there are days where you sit there and you’re like, what did I do with my money?

So understand that if you decide to dip a toe into the pool, you are going to have days where you are really happy, and then you’re going to have a lot of days where you’re going to be questioning why you did what you did.

The cryptocurrency space is something that I think a lot of people are not only already in, it is projected that we have over 100 million people, which is a lot but compared to the 8 billion people that we have in the world, is just a smidge of everyone who could be in the market.

It is expected that we will continue to see a lot of people tumbling into the cryptocurrency space, especially with the time frame once again, the popular time frame of 2032, where it’s projected that we would or could have over 1 billion people in the market.

If you look at a lot of my other articles, I’m going to try and make this as straightforward as possible.

It’s more just to give you an actual answer.

We are expected, especially with the expectations of multiple ETFs being passed and other derivatives that revolve around crypto, that we will begin to see a tumbling of people in the market by the time we get to mid-2024 and especially around 2025.

All of the larger corporations, all the larger institutions, all the banks, all the world banks, all the governments are into crypto in some sort of way.

A lot of times I tell people that the US government also owns Bitcoin and they sit there and go, no, that’s not.

No, I would have heard about that in the news.

The traditional financial news has done a very good job of making sure to kind of keep people in the dark as to the actual happenings within the cryptocurrency space.

I’m sure many of you here who are brand new, have heard them say Bitcoin is evil, it’s terrible, it’s awful, no one uses it, blockchain not Bitcoin, you’ve heard the entire thing.

Warren Buffett, rat poison squared, no one talks like that, but that’s what he said.

It’s all these kinds of things, and then you find out that they’re all actually into Bitcoin or have indirect Bitcoin exposure or have subsidiaries or shell companies who are also buying up tons of Bitcoin as well.

We know for a fact that the vast majority of Bitcoin and a lot of other cryptocurrencies are being bought up in mass by these people right now with the expectation of the ETFs passing, us having multiples of them, and institutions and banks and countries and funds, and also having an easier way to get into the market because as of right now, the only way that they have to get into the market is by buying Bitcoin on a crypto exchange or through OTC, which is over the counter, basically like an on-chain transaction but not through the actual cryptocurrency exchange.

It is believed that we have entered into a brand new asset class, and it is still early times. And now you may say, well, Bitcoin’s been around for 14 more years.

The expectation is that we have at least 100 plus years left with Bitcoin. The expectation, as we know, is that it’ll take over 120 years to mine, create, and mint the last Bitcoin that’s inside of the computer.

We are right now in a very fascinating time within finance. We see that inflation is in many cases running rampant.

So you may hear from your local government or the FED inflation is getting under control, and then you look at your rent and you see that it’s doubled in the last three years.

You go to the supermarket and you realize those bananas weren’t that price in 2019.

You see things ticking up further and further and further, and it’s a heavy indication that fiat currencies are losing a lot of their value.

As I believe the US dollar since the 1970s, I think has already lost 99% of its value. You can Google it.

There are actual charts that show it’s a complete plummet to the bottom.

We’ve seen the vast majority of countries over the last couple of years who’ve paid attention to countries’ financial situations like they’re breaking down, they’re not doing too well, and a lot of the countries who have had the most terrible economic impact, their governments have made sure on multiple occasions to announce or address exactly how evil or terrible that Bitcoin is.

Because I believe this is a personal opinion, the government is seeing that people in their country are finding a way to get out of the local paper currency, and they’re looking for something new.

We’ve seen this in Russia, we’ve seen this in India, we’ve seen this in parts of Eastern Europe, we’ve seen this in parts of Southeast Asia as well.

We’ve seen this in many parts of Africa and a few parts of Latin America as well where the local currency is collapsing, and we can see an uptick in the amount of addresses and the new registrations on cryptocurrency exchanges within those countries as the collapse is taking place and people begin to move their money into Bitcoin.

If we have indeed found or are moving into something with a brand new asset class, this is now a very interesting time for you to be able to determine if this is the right thing for you to get into.

A lot of people get into crypto with an immediate expectation of not only profit but riches. You’ve heard it before, you’ve seen it on TV.

This guy is a Bitcoin millionaire, how did you become a Bitcoin billionaire? It takes time, and I know that time isn’t the sexiest or most amazing thing in the entire world, but that’s the way that all new currencies in the beginning work.

It takes time, there are hurdles that you’re going to have to pass over, and if you decide to get onto this sometimes very bumpy train, I implore you to do as much research as possible.

Another thing is to never, never get in debt for something as risky as crypto. I’ve said this in a lot of other articles as well.

If you decide to get into this market or want to test it out, make sure that you do it with the extra money that you have.

Do not do it with your rent money, do not do it with your light and gas money, especially not next year, as it is expected, no one knows, the market is going to move up higher, and a lot of people sometimes get intense FOMO and go, “Okay, well, I have money right now.

I have to throw it into the market.” Take your time, learn about the space. You have, it’s estimated you have about a hundred years plus for this market. Learn about it.

My recommendations

I typically recommend to a lot of my friends, in a very small allocation into the market so that you can get a feel for it. That is to say, do not put 20, 30, 40, or 50% of your portfolio into this market. It’s more of a, if you feel comfortable, try around 1 to 2%, 1 to 2% of your portfolio, whatever that might be, into crypto.

Feel it out for a couple of months, and when you wake up one day and see that the market has dipped by 7%, see how you feel. And if you can continue, continue with it.

This is a very fascinating market, there’s a lot of money to be made. We are very early. I recommend it as a riskier portion of a portfolio to a lot of people, but a small allocation should not hurt, as long as you are not using money that you do not need. Very fast, very fascinating time to be in the market.

I’m also, as you might have imagined, very excited to see where prices are going to go throughout 2024 and 2025.

I do sincerely hope that you got something from this and that I helped you in some sort of way. I cannot explicitly tell you to jump into the market, but it’s more of a, if you’re going to do so, do it cautiously, as this is a very, very intense market.

I do hope that you’ve all enjoyed it. I do hope you all are having a great day, morning, afternoon, evening, wherever you are, wherever you might be. I do hope it is fantastic.