Repeating Cycles
For many this may be like a dejavu, we are right in the middle of an aggressive Bear market, shattering the investments of many people who are in this game. Those of us who have been hanging around the cryptocurrency market for quite some time, know that history allows us to lucid many things that may happen in the future, and this may be the case.
The last market crash, all investors lost huge amounts of money, and not only that, many stopped trusting cryptocurrencies and thought they would be a scam. However, after a year at the minimums, it rebounded and reached the highest possible ATH, leaving many people's mouths shut.
The truth is that events in the cryptocurrency market often repeat themselves, it is something characteristic of the market, and it is up to each person to make their own analysis of it.
What to Expect for the End of the Year and 2023
As history tells us, in the previous market crash, BTC spent all the following year maintaining stable impulses and corrections, something that for many at that time was something stressful and enduring, for us today is something that can probably happen, we just have to be patient.
If all goes according to what we know, by the year 2024 we will have a new ATH by then, and those who have bought in these desperate times are the ones who will make big profits. However, we have to take into account that we have to have 1 year to soak that investment.
By that time it is practically impossible to calculate the amount of profit that will be made on the investment, but there is a great deal of certainty that it will be very high at these low prices of 15k.
2024 and the Strategy to Follow
2024 is an important year because it will be the halving of bitcoin, something that happens about every 4 years when 210,000 blocks are mined.
A great indication that it will be a great year for cryptocurrencies.
As it is most likely that all 2023 BTC will be stable, some of the best strategies to follow to avoid stressing out are investing a certain amount of money monthly until the end of the year and you are ready to receive the profits.
I don't give financial advice, it's just my opinion.
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