Beginner’s Lesson 101. 🥖 and 🧈
Alright guys so I’ve been here just for about week now and learn quite some stuff from my brother who has about a year of experience learning about crypto and it’s patterns of when a bull run comes or when it’s bearish.
So what he told me is to halt investing at this current point of time because BTC halving is near
Let’s put this halving scenario to layman terms and make it easier for y’all to understand.
What’s gonna happen is essentially the bitcoin max supply amount 21 million coins is about to complete and when that is happening or closing to happen.
The simple supply/demand rules strikes for price
When something is less in quantity but more people want it - it becomes expensive.
Contrast to this when it’s widely available less people want it - it’s cheap
So halving is gonna not just affect just BTC to skyrocket for moon landing preparation but also the other ALT coins such as the top because the BTC Is used as catalyst an indicator by the investors to either invest or sell their assets.
It’s popularity and market share dictates others ALT alternative coins too.
To end the discussion, now’s not the time for beginners to buy,wait for BTC to reach or lesser than that because as before historic halvings in the past the price drops before it reaches all time high.
I’d recommend to buy when it’s close to 62K ballpark if you are beginner and are on tight budget as beginner
#buywhenred #sellwhengreen Be vigilant in these days.
Invest only what you are willing to lose to stay on top of the game and not lose to your devils
$BTC Picture credit by @bthestory87
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