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- 🖨️ Is to late to buy crypto?
🖨️ Is to late to buy crypto?
Good morning,
Is it too late to buy Bitcoin or crypto?
This is what you will discover today.
What is the best approach to bitcoin self-custody?
If you decide to take self-custody, you have to choose between many approaches to secure your bitcoin wealth. We help break down the options and explain how they differ.
What is singlesig?
Should I invent my own singlesig security?
Is a passphrase an ideal security approach?
How does multisig solve the problems of singlesig?
How do I achieve both security and convenience?
Why you should use multisig to secure your bitcoin
Stay Up-to-Date
Save time on researching the crypto market:
💰Bitcoin
THE MOST POWERFUL PART OF #BITCOIN'S BULL RUN BEGINS - Target 400K (link)
_Dude who reported the #Bitcoin ATH in 2013 at $111 HODLed all the way to $60k.(link)
_The first kids cartoon about Bitcoin (link)
_This week's slew of U.S. economic data will determine whether the dollar continues to weaken, offering a tailwind to BTC and other risk assets. (link)
🚀 Altcoins
📈 Trading
The #Bitcoin bullish divergence is exactly playing out. (link)
_
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Educational
Is it too late to buy crypto?
The short answers is: No, is not to late..
However..
Buying altcoins right now may not be a wise decision.
How dose Capital enter in Crypto?
Capital flow in crypto market.
There are 4 phases of capital flow in crypto:
Bitcoin; ↓
Ethereum; ↓
Majro Altcoins; ↓
Small Altcoins; ↓
Firstly, money flows into safest asset, Bitcoin → The profits from BTC then flow into Ethereum → followed by Major Altcoins → and finally Small Altcoins, NFT etc.
After phase 4, money usually start flowing into FIAT, leading to a downtrend or the start of a Bear Market.
This is how all markets operate.
Initially, money flows into the safest assets, and towards the end of the bull market, it moves into risker assets.
⚠️ We are now in Bitcoin Phase.
This phase began after Bitcoin achieved a new all-time high (ATH).
At this point, all Bitcoin investors are profitable.
They see no reason to sell as they are optimistic.
As money starts funneling into Bitcoin, it triggers a surge in its price.
Bitcoin’s dominance is rising.
📝 What is Bitcoin dominance?
Bitcoin dominance simply tells us what portion of the total cryptocurrency market value is contributed by Bitcoin.
Exemple: If the total value of all cryptocurrencies is 2 trillion and the value of Bitcoin alone is 1 trillion, then Bitcoin makes up 50% of the total cryptocurrency market.
Bitcoin dominance is 50%.
If we are in the Bitcoin phase and start allocating capital to altcoins, they are likely to underperform compared to Bitcoin.
I know, I know.. There are some Meme coins that ar Pumping, but that’s the gambling aspect of this market.
Right now, I want to help you understand how to increase the probability of genuinely making real money based on statistcs, not gambling.
Bitcoin Price.
Bitcoin phase has just started.
The dominance (54%) is in a bullish trend (Upward trend).
Bitcoin dominance is 54%.
So, without offering financial advice, in my opinion, purchasing Bitcoin rather then altcoins will be a wise decision at the moment.
Now, go and make your own research,
Mr GoBrr
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.