Bitcoin is such a young asset, volatility is natural when it’s only been around since 2009. If you’re smart about it, volatility is a good thing that you can use to your advantage.
Try not to worry too much when bitcoin is down. Patience is required but bitcoin overcomes downturns & FUD, it always does. Just hang in there, buy when it’s down & sell some during bullish periods.
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There’s no defence play involved, it’s just so dangerous. I’ve seen a few highlights lately & somebody is going to get seriously injured. I’m very surprised to see Dana White involved in something like this, I suppose he is the money man though & he will go where the money is.
I really hope this sport is stopped soon, before there is a life changing brain injury.
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Firstly you need to be sure if whatever altcoin you’re interested in has any utility. If it’s collapsed then why has it collapsed. If it’s just following bitcoin’s usual four year halving cycle & entering a bear market then that’s fine, it’s safe & probably a great time to invest. If it’s because of something more sinister like a dev rugging the community or & problem with the code or a big hack then you need to know.
As always do your own research but obviously during natural bear markets it’s a good time to buy, providing there isn’t a sinister reason for a collapse in any said coun.
NFA & DYOR.
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It could be a bear market rally like we saw in 2019 when bitcoin rose to $13,000 before falling back down significantly.
It could be because FTX were selling fake bitcoin because they didn’t actually have any to sell. This was artificially increasing the supply which is weird but what actually happened. This suppressed the price so now FTX has blown up the foot is off bitcoin’s head so maybe it now will start to rise.
These are all theories, the only way we’ll know if this is a fake pump is with time. Let’s see where the price is by end of Q1.
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Money can’t buy happiness no, there are loads of depressed rich people who lead miserable lives. Look how many celebs get addicted to drugs & alcohol, money doesn’t fix that. Being rich enables you to try & be happy though, I would rather be rich & not happy than poor & miserable though . Having money gives you options, I don’t think I ever saw a truly happy broke person.
Of course being truly happy is possible if you’re comfortable financially, you don’t need to be rich. Keep a roof over your head, feed your family, have a bit of spare cash each month to do fun stuff. You can be happy that way. I never saw a really happy broke ass dude though.
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Let’s hope 2023 is a much better year, it can’t be much worse than 2022 can it, surely. I’ve said before I think the bottom was hit. We won’t go lower than $15,500 ever again with any luck.
Sure we will hit corrections along the way but I will be very surprised if we don’t end 2023 above $30,000. Hopefully we can all stack stress free this year. I am not in the mood for another absolute beating all year with predominantly downwards price.
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I don’t think they’ll do particularly well even if they do reopen with new staff. The trust has evaporated, even though SBF & co. are gone. The brand name is tainted, trust has gone.
Hopefully if they go reopen the first thing that happens is, any funds that are still there & redistributed (in part) to those who lost money. Obviously the full funds aren’t there thanks to an awful scam but even if part funds are returned to the rightful owners that’s the best scenario out of the whole FTX shit show.
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I’ve been anxiously checking the price of bitcoin all day so far since this news became official we have not seen a negative reaction to the market.
My only concern is that we see more contagion & they end up taking other businesses down with them. So far so good though, we are not out of the woods yet but it’s looking good that there may be a widespread case of seller exhaustion.
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Possibly the reason for the price dipping so hard was the implosion of various exchanges & staking platforms. The price crashed hard as the market reacted to said news. Nature is healing though & we have recovered basically the entire FTX dump.
Hopefully the bottom is in & we start to climb up. I will be very bullish if we can break 25k & stay there. It’s going to be an interesting year to see how bitcoin performs.
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Bitcoin is a commodity & every other crypto asset is a security. It’s just the way it is, it’s not a bad thing. You can still make a lot of money in altcoins, it’s just they are mostly all centralised. You can make higher returns in alts than bitcoin so don’t be put off by them being securities.
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I have full respect for anybody who can play an instrument. I trialed for trumpet playing when I was at school but I wasn’t good enough & didn’t get selected for the class. After that I didn’t ever try again, I’d love to play guitar but I feel too old maybe.
I don’t even know how to read music if I’m honest. That’s something that needs to be taught & again, maybe too late for me. If you have the gift to play an instrument well, don’t give up on it. Keep on playing that sweet music.
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I agree to stay away from them, these guys are vultures with a vested interest in whatever schemes they or pushing or whatever trade sentiment they are suggesting you follow.
There’s nothing wrong with using a variety of info you pick up from lots of different people & using it, combined, with your own ideas to help form a plan or strategy.
Never, ever follow what an individual says to do on social media, just because they have lots of followers.
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I did not sell any bitcoin as we went over $21,000. I do not think it is a time to sell this year, we are still in a downtrend & until the price breaks above something like $30,000 that is not invalidated. I’m not totally sure that we won’t revisit lows. If you can take opportunity to scalp some profits then go ahead but I have a longer term plan with bitcoin. Everybody has different needs & plans so do what is best for you & your families.
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HODLING forever is silly, what’s the point HODLING if you can’t enjoy some of your profits & be rewarded for your ultimate patience & dedication. It’s tough during a bear market but I would never advocate selling then. That is your time to buy.
You should sell some when we are riding highs & in a bull market. Don’t sell & waste it though, put money down for a house, pay off debt. Do not buy deprecative assets. Be smart, I wish you good luck.
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I like to watch sports, I enjoy a beer or ten. I like to spend time with my family & watch movies. I like to do stuff around the house. Thinking about it, there are so many things I enjoy & to be honest, working isn’t one of them. That’s probably the same for most people though. Who enjoys working, not me.
The biggest stress release is just relaxing, there are so many things you can do to just switch off & forget about work & all the stresses that surround it.
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Cardano is a lot cheaper than ETH so we may see newbies decide that Cardano is a better option for them than ETH. I think both will do really well in the next bull run but if I had to pick one to invest in right now I would pick Cardano.
I think ETH could do a 10 to 15 x increase in price in the next big bull market but Cardano has a higher ceiling, maybe it could easily do 100 x increase.
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Obviously as time has passed hackers have got more sophisticated & refined their attacks. I remember when I was a teenager downloading files on AOL, visiting porn websites when my parents were out (don’t judge me). I got in so much trouble downloading shitty short videos. One time I got my parents PC so badly infected with malware that they had to call in a repair/software guy. He wiped the computer clean but told my parents it was due to visiting adult sites. I should have denied it & blamed it on my Dad.
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If I had to name 7 countries that I would like to visit (that I haven’t already) I’d probably go with.
1. Thailand 2. Australia 3. Japan 4. Maldives 5. French Polynesia 6. France 7. Greece
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This is crypto, the wild west of investing. Unexplainable movements happen, it is what it is. If money is there to be made & the markets have low liquidity then whales will do it.
Just be careful because people with deep pockets can just as easily manipulate markets to send prices in the opposite direction.
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