Should you hold Bitcoin until the end of the year?

For many investors, BTC worries many people in a sideways phase and questions the price development. One of the questions is whether or not to hold BTC until the end of the year? For someone who has been determining average prices in the market for many years, Thuan will invest in BTC and crypto for the long term, not just a few months but years into the future.

Investment decisions for each person are individual, depending on goals and decisions. For current BTC holders, we can see two directions. One is that the price could drop to the $ 20,000 support. Compared to the current rate, that person’s capital will decrease by about 37%. This is the risk when the price goes down.

On the contrary, if the price of BTC grows and according to many predictions it can reach USD 65,000 or USD 100,000, the chance of winning can be up to 300% compared to the present.

So when we want to make an investment decision, we evaluate the risk with the possible chance of profit of the possible options. If you dare to take the risks that may arise now, there is a chance for greater return on investment growth. Compare the opportunity cost to the risk when the opportunity cost is higher and we are willing to accept potential risks. Combine with research, knowledge and assessment to make investment decisions yourself.

Those of you who have long followed and supported the Thuan Channel know that Thuan continues to charge average prices and make long-term investments. With the growth and potential of BTC as well as the current crypto market, Thuan continues his strategy.

With the usual mood in the crypto market or other markets. When the price of BTC goes up a lot of people want to buy, when the price goes up the Fomo becomes more obvious. But on the contrary, when the price goes down or sideways, a lot of people get bored and want to leave the market.

In the meantime, when the price falls to a low level, it is an opportunity to buy a low price and few people dare to buy and accumulate. And as the market recovered, those who dared to accumulate low prices later enjoyed huge gains. It is this mentality that causes the money in the market to move from the majority to the few, and those few make a lot of money.

BTC market situation

According to the stock from the Stock To Flow (F2S) model, The Moon indicates that the price of BTC is currently lower than the price predicted by the F2S model. When BTC fell below this model price earlier, the price tended to rebound. And price increases that far exceed F2S prices are often a sign of the climax of any bull run. The Moon said they haven’t seen any signs of growth this time around and that BTC price is likely to see some growth in the near future.

In addition, Troy Gayeski, chief investment officer at Skybridge Capital, said in a recent interview with Bloomberg that on-chain data shows that BTC is being lost from exchanges similar to Bitcoin’s (October-November 2020). be a BTC price hike. Now this company wants to pile up BTC and ETH again.

The amount of BTC or ETH on exchanges is currently on a downward trend according to on-chain data. The loss rate on the ETH exchange is faster than that of BTC, and ETH is getting more and more attention from institutional investors.

Former US Treasury Secretary Steven Mnuchin, who had many criticisms and statements of bad influence, has now changed his mind about BTC. He said it is good for people to buy BTC to keep like gold or other asset, and he supports that.

BTC ETFs have also appeared in many countries such as Canada or Brazil. The Brazilian watchdog recently approved the first Ethereum ETF. The fund is managed by QR Asset Management. The Ethereum ETF will have the ticker QETH11 and appear on the country’s stock exchange known as B3. It is only a matter of time before there is a Bitcoin ETF in the US.

Over the years, BTC has continued to grow. The growth and differentiation of BTC has kept it afloat. Those who previously disliked BTC but see the evolution of BTC and benefit from it will gradually change. BTC has gradually developed into one of the financial markets.