Your chance to accumulate bitcoin at these "cheap" price levels will soon be coming to an end. The bitcoin market is about to heat up so violently that many will miss this great opportunity and be left in the shadows wondering what exactly just happened. While I am a believer that bitcoin's value will most likely increase up and to the right forever, I also am a believer that this cycle could be the last chance to be able to obtain life-changing gains by buying into bitcoin. The same goes for ethereum as well.
Yes, I do know how crazy it sounds for me to say that currently bitcoin at $45k, and ethereum at $3.3k are incredibly cheap. That they are the ticket to changing your financial destiny. And I also know that for many; obtaining 1 full ethereum is already a very difficult task, while obtaining a full bitcoin is probably already impossible. You are not too late, and you haven't missed your chance......yet. But let me be honest, this is your last chance.
I am guilty of being extremely bullish on where I think the market is going towards. This is based on what is happening in the world, what the coins bring to the table, and also how fed up the world is with corrupt governments and spending. This is not financial advice, but I see bitcoin reaching at least $150-200k before the end of the year, and reaching $1 million before the end of the decade. As for ethereum, I see it going to $12-18k by years end and over $100k before the end of the decade. With prices like that, you don't need to accumulate a full bitcoin to change your life. But, the more you have, the better off you will be. Also with ethereum, right now it is very possible to accumulate multiple Ethereum coins if you budget and work hard. Very soon, that won't be the case.
What is the point of this article? It isn't a price prediction post or anything of that sort. It is more of a warning. You need to be putting in the work now, to unlock your future success. There has been a thought that I have been obsessed with recently and it also has been my biggest fear. In my dreams, I have seen where the prices will be going, and I also saw that the amount of bitcoin and ethereum that I was able to buy kept dropping and dropping to an extremely small amount. I have seen this already happening for years. When I first began investing into bitcoin and ethereum, I was able to easily buy 0.05-0.10 BTC every paycheck no problem. I could also buy a handful of full ETH coins. Now fast forward to today and I can no longer afford to accumulate those same numbers with each paycheck. What I was buying back then, would equate to around $25k or more with each paycheck. Now consider this, most experts consider the bitcoin/ethereum market to be very young and that we are just getting started. If prices surge to those insane levels, how much would you be able to accumulate then? Our best days of accumulating are already in the past.
This is why I became obsessed with building out my cryptocurrency passive income, so that I will still be able to accumulate at levels that satisfy me, even when the prices go up. If I'm able to receive 0.02 BTC every month passively. That number won't change due to the volatility in-terms of its USD value, but it will always be 0.02 BTC. The same goes for ethereum.
I focused on two areas; Bitcoin and Ethereum lending, and Ethereum mining/staking. When I began I instantly was disappointed by the low returns that I felt I was receiving. But just as it is in all financial markets; it takes money to make money. In order to make any substantial gains from these methods you need to either have a significant amount of BTC or ETH to lend and stake. Or you need to have investing a significant amount into your mining setup. Thankfully I saw this early on a few years ago. I knew that time was running out to accumulate cheaply. And so I did something that is always recommended against; I went all-in. I put everything into bitcoin and then also ethereum. I sold anything I didn't need, I budgeted intensely, and did everything I possibly could to earn more to put towards these assets. It was the best decision I ever made. Through that hard work and sacrifice I was able to hit my initial accumulation goals and surge past them. Finally being able to build a passive income from my portfolio. Then something magical happened. The bull market began and these coins grew much larger in value. And so did the passive income that I was earning.
What this means is that even if you are just beginning with your crypto passive income journey; do not give up! The income that you are earning today may seem small, but if you keep it, it will most likely accumulate much higher in value. This, along with compounding interest and also continuing to add to your stacks by spot purchasing; will amaze you at just how quickly you are able to accumulate.
The point of this article is not teach you how to make a passive income, or even how to accumulate more bitcoin or ethereum today. But, it is to warn you that you need to be thinking about how you will accumulate in the future. Especially if you're hoping to become rich off of bitcoin and ethereum. These are my two biggest holding, as I believe they are the two blue-chips that you HAVE to own in this space. A large majority of the other coins are just noise, that are distracting you from the real assets that you need to own. Please be very careful. To further expand on those future accumulation thoughts. Let's say you invest $500 into crypto each month. $300 into bitcoin and $200 into ethereum. Right now that can need you about 0.007 BTC and 0.055 ETH. Just imagine both of these coins doing a 10x. The amount that you will be able to accumulate will drop significantly.
The name of the game is that you need to accumulate as much bitcoin and ethereum as you possibly can. The more you have, the better off you will be. While it may look like you're already too late, you are not. If you get in now, you will have gotten in before 99% of all corporations and countries. Once the next cycle comes around, that will no longer be the case and you will have been priced out fo the market.
Remain bullish, build your own consistent crypto passive income, continue to stack and ignore all the FUD noise. You will be so thankful you did.
How about you? How are you planning to accumulate in the future when prices reach astronomical amounts? Have you built your passive crypto income?
As always, thank you for reading!