Sometimes, Crypto Can Be Quiet
Or is the better word... boring?
Not much going on these days with Bitcoin or any other major cryptocurrency. The price these investments traded at a month ago is a pretty much the same price they are trading at today. You’ve probably noticed—there haven’t been too many gains, and there haven’t been too many loses.
Hasn’t been much of anything.
We’re all just floating along, waiting for the next wave. Maybe that will show up next week, and maybe not.
I’ve argued in the past that sideways trading creates tremendous opportunity for investors because it allows them time to accumulate more of an investment. The average person can “stack sats” (buy fractions of a Bitcoin) pretty reliably right now because the price isn’t in the middle of any wild swings. One Bitcoin costs about $42,000, and it has been that way for a bit. Easy and simple.
It is also a bit of a reality check.
Contrary to popular belief, investing in crypto can be boring from time to time. There are moments when the price doesn’t move much, the hype machine dies down, and investors go back to their regular lives. It’s part of the cycle, and in that way, crypto is no different than any other established asset class. It has moments of relative dormancy.
But don’t fool yourself—Bitcoin will wake up one day. So will many other coins in the sector. And when that happens, you want to be ready.
So keep on staking those sats. Patience, my friend. Patience…
The Crypto Connection is for entertainment purposes only and is not meant to be financial advice. Please do your own research before investing in any asset class. Sara Celi is not a financial advisor, and holds several cryptocurrencies. To purchase her books on Amazon, please click here.