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Did not expect that today there was a correction which I think was big, the price corrected more than 4% and made hopes that the price would soon touch $30k has not been reached, hopefully this is not a big panic that has ever happened like the LUNA or FTX case, and I'm still optimistic that June price will pass $30k.
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Although since March the market has continued to decline but I am still optimistic that the end of the year the market will pass the ATH that has ever happened, this is because there will be a big moment, namely the halving which will make an explosion in demand, the mining process will become more difficult and of course it will make people think briefly with buying on the market direct, i'm sure by the end of the year the price could reach at least $50k.
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Today the market dropped again more than 3%, bitcoin price is around $25k and i think is a good time to buy, i'm sure the end of the year it will all pay off because early 2024 there will be a halving that will make the price easily go up 200% or more.
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I was surprised today because the market dropped significantly, the price of bitcoin dropped more than 4% and the price of BNB dropped more than 8%, this proves that we are still in the red zone or bear market, as investors, of course, this must be seen on the positive side, namely buying a lot before the price skyrocketed.
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Money will never make us enough, look at the world's millionaires, when they can buy or own everything but they will try to keep adding to their money, human nature is greedy so it will never feel enough, to be able to live happily other than money then we must be accustomed to giving to those in need or the poor.
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The presence of the internet and smartphones makes the temptation to shop or buy continues to increase, in my country many shops and malls are closed because they cannot compete with online stores, of course we can use this to increase our income by selling whatever we can control.
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I think there are many things we can do to increase profits in business, if we still use human labor in production, we can take advantage of robot technology that can replace human labor, I work in a food company and almost all work is done automatically from selecting raw materials to packaging .
It is only natural that such robotic and machinery facilities will exist in the digital world. and in future days, the use of robots and artificial intelligence will increase in business. so if a company starts taking this advantage now then they can be in a much better position in the days to come. therefore, if a company wants to thrive in business, it must use advanced technology and adopt a strategy that is completely different from other projects. then it is possible to sit well in the market leaving behind other projects in the competitive market Technology is of course needed for production efficiency and all economic activities, small things for example is the use of tractors for agriculture, of course eliminating the hoe, this is what makes us have to be ready and use the latest technology to be able to carry out efficiency in business from the production process to being in a shop or accepted by consumers. |
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If we do the same work activities and go on for years, of course it will make us bored, I have experienced working and using economy train services that are cheap, for a trip it takes about 4 hours and this makes me think that getting out is the best solution.
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The dominance of bitcoin is still strong and promising so that it makes us feel calm, the thing that makes almost all investors choose bitcoin is because of the large market cap and of course the profit potential, the best strategy for profit if we invest bitcoin is to always wait for the right time to buy.
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I think a good strategy is to hold the top 10 rankings, a large market cap and reaching more than $ 5 billion is safer, of course we need other strategies, for example we have to be patient and not panic when there is a decline, as long as we can be patient to hold then we have the opportunity to earn big profits.
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Recently, there has been a lot of news on the topic - the collapse of the global economy in 2023. According to some forecasts, this will happen in the summer.
What do you think will happen to bitcoin in this case?
Bitcoin is a unique thing, when there was covid a few years ago and bankrupted many companies and investments but bitcoin's performance could skyrocket, in my opinion difficult economic conditions will make people make bitcoin as an alternative investment because it has proven to be more profitable than other types of investment. |
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Because people think that fluctuations in the bitcoin price are very high, most don't think about seeing whether ATH will happen again or not, as long as they can make a profit even though it's not as big as when ATH happened, it doesn't matter, and I think users will continue to survive even though they are looking for altcoins.
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When machines and robots continue to be developed they will automatically be designed to replace human labour, the simple thing that happens in my country is the use of electronic money which replaces a lot to buy oil, pay tolls and so on, automatically those who work as gas station operators and toll road operators lose work .
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My wealth plan for next 3 years
I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.
Off course also i'll buy AIDOGE coin becouse 1000x i will make with this coin after 2 years.
The world economy right now is like some shtcoin pumping and when everybody short the whales Will pump it more to make you FOMO in exacly after 2 years.
The whales Are fed, ws,ecb,boe and other big Banks the world is like some shtcoin what the whales keep pumping until everybody Will lose their guard and Will buy the top becouse of FOMO.
I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
In the next 2 -3 years my money only Will be bitcoin If i want to buy bread and Milk i just convert btc to fiat other then that not smart to hold any fiat currency.
And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.
The potential for bitcoin to reach ATH will probably take another year or a few days before the halving, it has been proven that many people have become rich because of bitcoin because they can take advantage of the right moment, I also hope to be able to buy more bitcoin this year so I can be like you. |
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Increasingly difficult economic conditions make us always have to be vigilant, the ever-increasing needs make our monthly income run out before receiving a salary, this is what makes us have to take advantage of all the potential to get additional income.
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When I went to school, the easiest thing to measure a country's economic condition was to look at the performance of the banks, if the performance of the banks was good, the economy would be good, in countries that had problems with the economy, banks also had problems, for example, there were many banks that collapsed because they did not have a capital ratio, too many credit problems. big and so on, banks certainly have a big role in building the economy and this is what we are waiting for after the presence of cryptocurrencies.
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A bear market can happen at any time, and if we count from the highest position it has been happening for almost 2 years, this makes us have to be patient, selling at a low price is of course a bad choice because of losses, successful investors of course prefer to wait so they can get profits on target.
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I'm sure if in 5 years the price of bitcoin reaches $ 100k then many will dream of wanting to buy at the current price, unfortunately many facts have happened and still make us hesitate to buy, the best thing right now is to buy immediately and hold it for not long and don't panic when the price is dropping.
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In my opinion, investing 60% is normal and it's not a problem as long as our daily or monthly needs are not disturbed, many people are too excited to invest and when what happens is the price drops, they regret and panic so they sell cheap prices.
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If we pay attention, many things have in common about the bitcoin price chart, what is popular is the upward trend which has occurred 3 times, namely in 2013, 2017 and 2021, those 3 years the price skyrocketed then the following year the price dropped significantly, many say that bitcoin in pump or dump whales but this is still an opinion and until now it has not been proven.
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