Like every four years, the Bitcoin halving is approaching. This event represents a reduction in the rewards received by Bitcoin miners, that is, those who generate new bitcoins or validate transactions on the network. What does this mean for you?
Opportunity. Historically, in the three previous halvings that have already occurred, the price of Bitcoin has reacted positively over time.
The most recent halving, in 2020, caused an approximate 750% increase in the price of BTC. The cryptocurrency reached the halving at around $9,000 and rose to nearly $70,000 in just under a year and a half.
Therefore, now is the time to prepare for the 2024 halving, estimated for April. How can you be fully ready when it happens? By accumulating Bitcoin and more cryptocurrencies now.
As an effective tactic to accumulate cryptocurrencies before the halving, you can use the Dollar-Cost Averaging (DCA) strategy, or recurring purchases. This involves buying a fixed amount of money in Bitcoin regularly, regardless of its price.
The goal is to divide your total investment into smaller portions made over periods of time. For example: buying 50€ of BTC every 7 days instead of 250€ each month. What advantage does this strategy have? It reduces price volatility.
It allows you to accumulate more bitcoins when the price is low and less when the price is high, averaging the investment over time. This way you can be prepared for the Halving and benefit from potential price increases.
