I Invested Another $1,000 into Bitcoin, Here’s Why
Massive opportunity incoming
On January 2nd, 2024, I wrote an article about bitcoin:
The price of bitcoin on January 2nd was $45,000.
Today, on April 16th, bitcoin is sitting at $61,000.
In my article that I wrote 3 months ago, I talked about how I would never buy bitcoin again.
“Will I buy bitcoin ever again?”
“Heck no.”
And yet here I am investing another $1,000.
Why am I investing more?
There is a massive opportunity incoming.
Bitcoin is halving “around April 19 or 20”
The halving means that bitcoin’s mining reward will be cut in half.
That’s a big deal!
There have been 3 bitcoin halvings in the past. They take place roughly every 4 years. The last bitcoin halving took place on May 11, 2020.
After every single halving, bitcoin has seen a massive increase in price.
If the trend continues, we could see a massive spike in the price of bitcoin after this halving.
What is my investing strategy?
I am investing $1,000 more in total.
My investing strategy:
April 15th: $333.33
April 16th: $333.33
April 17th: $333.33
That leaves me 1 penny left over to go buy myself an ice cream cone.
Just kidding!
Ice cream costs more than a penny sadly :(
Is investing $1,000 a good idea?
Who knows!
Only time will tell if this decision is a good one.
I am in a position where taking risk is okay.
I will take the risk and either reap the rewards or suffer the consequences.
Either way, I am satisfied with my decision.
What are your thoughts on bitcoin currently?
Let me know in the comments!
That’s all for now.
Take care,
— Donny
