“Bitcoin is going to $10,000,” Tim Draper said in 2013. Exactly 3 years later, Bitcoin went from $ 200 to $ 10 thousand. However, not all of Tim Draper’s predictions came true. In his latest BTC prediction, he said that BTC would be $250,000. But now there is a new strategy. Let’s look at the details.
Best Bitcoin Strategy: 6 Months Ago
To this day, there are few people who defend this first theory. As you know, many Bitcoiners believe you can never have enough and just like Microstrategy you have to constantly hoard. We also agree with that.
However, there is a more specific theory that helps us understand when is the right time to buy. The biggest proponent of this theory is Plan B. He is a former quantitative analyst and institutional trader himself. Plan B is the name behind the “Stock Flow” model you may have heard of before.
Stock is how many coins are there. Flow is how many new coins are added. It used to be a measurement used only for commodities like gold. But Plan B applied it to Bitcoin. But Stock Flow isn’t his only theory. He believes that Bitcoin mostly moves in 2-year cycles surrounding 4-year halvings. So, this time Bitcoin’s net halving will be in late April or early May at the latest. The projected date is April 26, 2024 for now. What is this 2-year cycle? Does this mean you should buy it in 2022? Are you too late for the party? Maybe not.
More about Bitcoin strategy
The theory is that the dominant bull cycle for Bitcoin starts 6 months before the halving event. Then it continues for 2 years. This means that the bull cycle will end 18 months after the halving event. So far the theory has been correct.
This means that one of the best times to buy Bitcoin will be late October of this year. This corresponds to 6 months before the halving at the end of April. But as I said this will be one of the best times to buy. What would be the second best time? I’ll get to that quickly because that’s what smart Bitcoin investors do.
What about halving?
Coming back to Bitcoin, remember, the block reward is halved during the halving. It will drop from 6.25 BTC per block to 3.125 BTC per block. People think the halving is priced in Bitcoin. But it never is. That’s why this theory has been profitable so far. The price rises towards the halving and stays there for a while.
This is a good tip for you in case there is any new information. And as we know, altcoins follow in the footsteps of Bitcoin. So while then you should definitely buy some Bitcoin, it’s probably also a good time to buy altcoins.
2nd best time to save: now
As said from the top, the second best time to do something is now. This also applies here. Would you like to see the proof? Take a look at this. The whales are doing what they have to do. But look what shrimp, crab and fish do. They absorb more than 208% of the monthly mined supply of Bitcoin. If you don’t know, let me tell you:
- Shrimps are those with <1 BTC.
- Crabs can hold 1-10 BTC and Pisces 10-100 BTC.
The truth is, no one, but no one, can time the market. Anyone who says they can do this is lying to you. It also means he’s trying to sell you something. We know we can’t time the market. But we know we won’t miss out on big market gains if we’re in the market right now. How many times have you seen a project in crypto that you liked but didn’t pull the trigger on? Then after a few weeks it went up 200% and you thought you had missed your chance.
knowing the emotion
We know this feeling and we hate it. Don’t miss out on these gains by trying to see the bottom of the bear market when the bull market starts. If you enter the market, you are guaranteed to participate in the returns that come with market earnings. So if you’re already averaging dollar cost in this market, you’re well ahead of most. If you haven’t, now is a great time to start. Prices got cheaper. Better market conditions are here, though it may stay that way for a while. Rest assured the bull will be back.
Therefore, it makes sense to buy the projects you like when the prices are lower. Same situation cryptocoin.com When we look at it as a whole, it is also valid for lump sum investments. But of course, if prices drop again, you won’t be left with any extra dry powder. However, if you are investing in bulk or investing slowly, both are good strategies to start now. Prices won’t stay at these levels for long.
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