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Bitcoin's Beckoning: Seize the Moment or Wait?

👀 With Bitcoin hitting new all-time highs after the halving, is now the time to buy?

Author

Hector Alvero
November 19, 2024

Welcome to the Rhino Roundup, your weekly dose of industry news, platform updates, educational content, and fun memes in the world of Bitcoin.

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Featured Article

Every bull run revives the timeless question: Should I buy Bitcoin now?

With Bitcoin crossing $90,000 after the April 2024 halving, spot ETF hype, and the US election, interest is surging, and the bull market buzz is undeniable.

Let’s explore the current market landscape.

Bitcoin’s recent surge isn’t just about market cycles—broader economic forces are driving its demand as a store of value and hedge asset amid global uncertainty. Key macro trends include:

• Inflation: Currency debasement pushes individuals and institutions toward assets that preserve value.

• Interest Rates: High interest rates generally make traditional financial assets more attractive, but recent market conditions have also highlighted the limitations of holding fiat currency in uncertain times. 

• Institutional Adoption: Growing investment cements Bitcoin’s status as a store of value.

• Global Instability: Geopolitical tensions and economic disruptions boost Bitcoin’s safe-haven appeal.

Assessing Investment Timing: Strategies for Managing Entry Points

For those eyeing Bitcoin during the current bull run, timing your entry can make a big difference. Here are a few strategies to consider:

• Dollar-Cost Averaging (DCA): Buy small amounts regularly to smooth out price volatility.

• Momentum-Based Entries: Use technical signals like moving averages or RSI to identify upward trends.

• Buying Dips: Take advantage of price pullbacks, even during a bull market, to secure better entry points.

Want to further explore Bitcoin’s current dynamics and whether now is the right time to invest? Read the full post here to find out more.

Meet the Team

Have you heard of NOSTR, the decentralized social media revolution? If not, it’s time to catch up.

Our COO, Hector Alvero, and co-host, Tracy Elliott, chatted with Tanja Bächle to discuss the transformative power of the NOSTR protocol and her global efforts to spread its message at conferences worldwide.

Listen to the X Space here.

Meme of the Week