Bitcoin Is Grinding Lower – 10 Catalysts Traders Are Watching

👇1-13) Some argue that ‘time in the market’ is more important than ‘timing the market.’ This has undoubtedly been the case if you have been early in the Bitcoin game. When assets mature, looking for catalysts becomes more important for new investors.

👇2-13) Consider this: By the end of 2012, nearly 50% of all Bitcoins had been mined, giving everybody a huge advantage early on. By the end of 2017, almost 80% had been mined, and this was when prices were still low. Now, 93.8% of Bitcoin has been mined.

👇3-13) Conversely, those who entered the Bitcoin market during the last few years faced a much higher entry price with diminishing cycle returns. Companies (and assets) often experience a period of waning returns themselves. Whereas young companies thrive, mature companies grow slower. The same principle applies to Bitcoin, and it's crucial to be aware of this when considering your investment strategy - hence the importance of identifying and reacting to catalysts.

Subscribe to Premium Membership to read the rest.