I think bitcoin is still off track because it hasn't been able to stabilize the price increase, even a few days ago it dropped more than 5%, even though it could go up again but the current increase is not significant compared to the decline that occurred simultaneously when the LUNA and FTX cases occurred, we'll wait to see if the price could touch $40k by june or not.
|
|
|
I think bitcoin has a good and reliable reputation, if more and more companies and countries legalize bitcoin then they have done rigorous and long trials, many people complain about losing bitcoins, but after being asked it turns out that their mistake was saving in a web wallet that can be closed services like Xapo.
|
|
|
I don't think there will be any surprises in May, maybe the price will be in the current range for a long time, namely $ 27k to $ 30k, of course we hope that there will be a big surprise like last March so the market will recover soon.
|
|
|
The best preparation is to buy before the pump, currently the price is still cheap or only around 40% compared to the ATH that occurred in 2021, if this year we can recover or get close to ATH then we will easily get 200% profit, so don't miss the opportunity to buy with cheap price now.
|
|
|
Halving day is a moment that creates panic to buy immediately because mining stock will be reduced, this makes mining even more difficult, I used to have a friend who was mining bitcoin with 5 S7 units, after a few months I could get RoI because in 2016 there was a halving day which made an increase fantastic, unfortunately the mining level is also getting more difficult so at the beginning of 2018 he sold everything.
|
|
|
The thing that always makes bitcoin interesting is setting a new price record or ATH, if there is no ATH for a long time, for example 4 years, of course it will make users worried and bored so they will think about selling or cutting losses, because if there is no ATH for a long time then it will be easy for haters to spread FUDs.
|
|
|
I have a lot of regrets right now, related to crypto of course because I sold a lot of bitcoin, eth, bnb, doge, and so on, in 2015 I had more than 2 million doge which at that time I bought from Poloniex, if I sell now Of course I'm already rich and can buy many things I want.
|
|
|
I think the easiest thing to increase investment capital is to sell assets, if we still have assets such as houses or land then it's time for us to sell and use them to increase capital, especially now that bitcoin and cryptocurrencies are a very good thing because they provide big profit opportunities.
|
|
|
A side job/business of course it can increase income, not everyone has the time and opportunity to get a side job/business because the main job usually takes up a lot of time, this is of course natural because if we don't focus on the main job or business then we will lose money and regret it.
|
|
|
Anything can be addictive, crypto investments that provide huge profit opportunities compared to stocks, gold, property or anything else of course make anyone look addicted, but in my opinion this is good because it can make many people rich, it's proven that when there is a price increase it will appear new rich people.
|
|
|
If we only keep money in a bank or deposit then we will not see the development of our money, investment is the best place to get big profits, now there are cryptocurrencies investments that allow us to fully control our money or assets.
|
|
|
When I really needed money then there was no other choice but to sell, I once bought bitcoin at $ 55k then I really needed money and sold at $ 48k or lost, the market is unpredictable so we have to always be wise when we want to invest in bitcoin.
|
|
|
Staking or investing have almost the same benefits, if we invest, we might just save assets in a wallet and then sell when we have reached the target price or profit, but if we are staking, we get 2 benefits, namely when the price rises and rewards from the staking service provider and in my opinion staking is better than investing.
|
|
|
|