To make this decision, let's first base on the basic parameters and make some judgments
Currently Bitcoin (BTC) is ranked 1st based on total market capitalization of 451,414,605,948.51 US$.
Bitcoin (BTC) is a coin with a lot of potential for development. And just if you believe this coin to be in the top 10, long-term investment is a very good decision.
If you take the capitalization value of this coin at 451,414,605,948.51 $US compared with the current top 1 coin Bitcoin (BTC ) with a capitalization value of $451,414,605,948.51, the growth potential of Bitcoin is likely to increase. grow 1.0 times more`
Over the past 30 days, Bitcoin has gone up quite well, but this may also be the reason why you should be cautious when entering into surfing right now, the wallet may be temporarily negative for the coin to return to the current stage. adjustments in the near future.
However, if you want to invest for the long term, this is not a problem. If you are a new investor and you need more time to learn about Bitcoin (BTC), you should invest according to the price average method (DCA). That is, a regular investment, every day, every week, every month a fixed amount.
Following a price averaging strategy will help you minimize risk, and avoid the most situations of halving or tripling assets when the market goes down.
According to data updated on April 05, 02, the Market Cap of Bitcoin (BTC) is US $ 451,414,605,948.51
Market Cap = Current Price x Circulating Supply
Is the total market value of the circulating supply of cryptocurrencies. It is similar to the stock market measurement of multiplying the price per share by the stock available in the market (not held and locked by insiders, government)
According to updated data on April 05, 02, Bitcoin (BTC) 2023-hour Transaction Volume is US $ 18,614,485,529.83 . This trading volume accounts for 0.04% total market capitalization.
A measure of cryptocurrency trading volume across all platforms tracked over the past 24 hours. This is tracked on a rotating 24-hour basis with no opening/closing times.
However, please note that there will be a few platforms, which we do not track, but most of this number is very small compared to the trading volume of centralized exchanges like Binance and decentralized. like PancakeSwap
BTC is being invested by 23 investment funds such as: Coinbase Ventures Three Arrows Capital Polychain Capital Binance Labs Blockchain Capital Boostvc CMS Holdings DCG Dragonfly Capital Electric Capital Fabric Ventures Galaxy Digital Alameda Research A16Z 1Confirmation UPS Placeholder Ventures Pantera Capital Multicoin Capital
In the long term, the price of Bitcoin has increased a lot with 10.14825896 % and is located at the price area of 23,411.97403069 US$.
The short-term (here we look at the price of the week for a more stable view than intraday) has been slightly up to 1.67521457
If you are a HOLDER (i.e. players who make profits based on the length of time) then you should focus on the 90 day long term trend. However, if the investment case is the platform coins alone, then you need to observe with a time length that can be longer than 6 months or sometimes 1 year.
If this coin has many large investors who are funds, you should monitor the movements of investment funds to be able to make the right comments in the future.
In the long term future, the cryptocurrency market will develop very strongly, however in the short term there will be price hikes by market makers. So learn carefully the information so that you can calm down before the ups and downs of the market.
These are just extremely basic analyzes of Bitcoin (BTC), you should not rely solely on this information to make buying or selling decisions.
We advise you to be wise and prudent investors.