If you follow Bitcoin Price Ticker or if you are an crypto enthusiast actively following prices, stock graphics may seem boring to you for several weeks / months now.
But don’t worry. I’m on the same boat as you here. In fact, we are one of the millions around the world while waiting for the Bitcoin price to move north so that we can all make decent profits! Staying flat is boring and over time, it can really become frustrating! And bitcoin The price does not show Signs of recovery, at least for the moment 🙁 which is sad.
While the action of bitcoin prices seems to go nowhere and with the binance prohibited in Ontario, things seem to take place, or is it for cryptocurrencies overall?
Although Binance is one of the largest crypto exchanges in the world by a commercial volume, it is really sad that they leave Ontario in such a short time. But, the question is whether you even expected the closure in the first place? I’m sure your answer is a “no” here.
Do not forget one thing, however, these things had to happen, you could even hear more news like these in the near future with stricter regulations in place.
Fortunately, the Tiktker earn money and views asking you of the average dollar costs (DCA) and continue to buy Bitcoin or Ethereum, but should you? Does the price of bitcoin fade as the way Binance has just done or even has a future. How long do you need to wait for the BTC price to return to $ 60,000 USD which we witnessed at the beginning of 2021?
Remember that central banks also offer digital currencies and Bitcoin exploitation is bad from the environmental point of view (at least that’s what the media says: p)
Anyway, move on!
So, you tell me what you want to do? Buy and hold BTC for the next 10 years to be this millionaire which bought BTC at $ 10 or invest in good quality shares and ETFs which are here to stay in the long term with solid fundamentals? You tell me.
Or is it best to buy a fraction in the crypto alias Bitcoin / ETH / ADA / veterinarian and another portion in shares? What will be the right and the best approach that we can all follow so that our portfolios are well diversified, minimizing the maximum reduction in the case and maximizing the gains on the money invested.
What approach can the most gains give me? 70-30 (Crypto-Stocks) or 50-50 or 30-70 or 100-0%?
Let’s start.
Bitcoin – What I feel personally (as seriously)
Look, don’t get me wrong, I think Bitcoin is there to stay in the long term. I’m just honest here. I really believe that with the fundamental principles of the BTC, it is there to stay and the price will eventually increase.
In case you wonder why take a look at the BTC price table. Notice, don’t just look at the price tables of 6 months or 1 year, it is completely stupid unless you want to exchange in the short term.
Rather, look at the 5-year or maximum price graphics for BTC-USD pair or BTC-CAD pair. It is at this point that you will notice that, for a very long time, Bitcoin exchanges on the side to the great push which started at the beginning of last year. The rally at nearly 65,000 USD. If you want to make massive profits from one of the investments you make, you must stay in the long term.
In the long term, I mean staying invested by a cost at an average cost for at least 5 years. In doing so, you will invest when the price is high and low, on average your purchase and making excellent gains as the price is starting to increase. Shakeypay has this excellent feature where you can buy BTC on a recurring basis for a monthly or low bihebdomedary amount. Set it once and forget it for a while.
You can compare the BTC price thrust (from 4K to 65K almost in 18 months) to the shares as well, for example, consider the case of Apple and Tesla actions, did you see the movement of wild prices last year?
I am talking about the moments when Apple and Tesla announced the divisions of the shares and almost every day of negotiation, the actions were green by a huge percentage. It was as if free money was thrown. You can simply pump money (in the morning) on the stock markets and go out in the afternoon by making a certain percentage.
Quick advance until today, the actions are all boring, without nitro boosters! (Although Apple climbs regularly up to $ 140 of $ 120 around where the stock was massively glued with $ 105 stockings after the split (Apple is already $ 140 USD, slowly picking the steam of $ 120 after exchanging aside for a while).
Look, the point here is that Apple (I cannot include Tesla here) is a good blue-hip stock with a large capitalization, you cannot expect the price movement to be like a rocket, it tends to move laterally, then to escape, so by an Apple average cost on average any day is a great choice of investment. I would recommend investing in Apple every day of my life. These are the fundamental principles and the FCF (available cash flow) for me.
Forget Apple, each stock of minors there, whether American or Canadian mining actions – Mara, Riot, Hive, Biitfarms, etc., all minors stocks had 1000% + yields during Bitcoin Bull Run recently. Now, almost all of the minors have sang since then.
You cannot certainly buy the hollows here because it makes no sense. Investing in BTC at the moment is logical, to be honest, and not in minor shares. The stocks of minors are only an indirect indicator of the real movement of the price of Bitcoin without value to be added.
Then, the question remains, does Bitcoin move laterally?
Yes, for sure, at the moment, Bitcoin seems to be again in the consolidation range, as the way it was before the racing period (I mean before the enormous conciseness of the last 18 months). The best approach will therefore be to accumulate the average cost in dollars before the next price movement. Coz once he starts to move, he will be fairly fast again.
As it stands, if you look at the original Bitcoin graphic, you will certainly see that the current Bitcoin price is well below the model. And the best part of the action / flow monitoring is that the Bitcoin price has always been to follow the model’s trajectory. In addition, there is no apparent reason not to trust the flow model at the flow, right? It is still a proven time.
So what should your approach be, should you only invest in Bitcoin or how to distribute your wallet so as not to exhibit your whole money saved in crypto?
What if the price of bitcoin is never recovered? I mean that even after 100 years, the BTC price does not amount to current levels (remains flat at $ 32,000), this is where the diversification of the wallet comes into play.
In fact, it is not only the BTC, any equity or crypto that you overexle, can be problematic. So, do not put all your eggs in a single basket 🙂 You should only invest a small part of your money in the BTC or all the combined cryptos and the rest in shares, actions.
The right approach to invest in bitcoin that I will follow
Very good then, quite said and done. Now let’s talk about the right investment approach to invest your hard money earned so as not to end up losing even if the markets fall and fall.
Let’s see an example here to help you better understand and what I mean to say exactly.
Consider that you have $ 100 to invest every month, how would you do that. If I were you, that’s how I will invest this money:
$ 10 – Crypto – Again, you can separate $ 10 in $ 3 BTC, $ 3 ETH, $ 2 can be ADA (Cardano), $ 1 XRP, $ 1 veterinarian (just examples, the choice of crypto belongs to you)
Following $ 40 – Stocks (shares – Blue Chips) – Buy Apple, Microsoft, Amazon, Google, Tesla actions (buy fewer units here compared to others)
Following $ 40 -stocks again with a good dividend return, in particular the shares of the Canadian Bank – TD Bank, Enbridge (my favorite), RBC, BMO, CIBC, etc.
The last 10 $ – Buy quality ETFs – VFV (S&P 500), Xus, XRE, SUVs, etc.
Now it was just an example and not financial advice in any way.
However, the ventilation of the above portfolio should give you a fairly good idea in how to expose yourself to all sectoral investments (crypto, actions, etc.) and not overexpose in a single stock or crypto, but weighing more on the proven blue fleas of the good quality market, while keeping dividends and growth of capital with a mixture of us and Canadian stocks. In doing so, you do not have to condemn when the markets fall and crash, you always make a good wallet with a small bump, which will recover very soon.
