This could be the last chance to see it at its current price. For me this is really the best time to buy bitcoin because next bottom of market cycles would be much higher if we are going to base bitcoin's historical corrections. We are just in early phase of this bear market so we have a lot of time to accumulate until the next cycle.

I'm preparing for the price to go deeper at this point because everyone is thinking this is not the bottom yet considering also the global crisis that we experience now.

Most people that are panic selling thought that investing into cryptocurrencies could be a ticket for them to be rich in just a short amount of time. They didn't do any research of it before investing and not aware of its volatility. The people that are still here despite the market condition will be the true winners once the bull cycle starts again. As Warren Buffet said, when everyone is fearful that is the time you should be greedy in investing.

I use multiple wallets for different purposes. For solana network, I use phantom and sollet. For multiple-network supported wallet, I use metamask and trustwallet. Their securities are just normal for a crypto wallet. As long as you are the only one who knows its seedphrase/private key, then your assets are safe. If you really want to have a secure crypto wallet, then having a hardware wallet is your best option.

If it requires you to connect your wallet to receive those free crypto or nft from a website link that they will give, then it is likely a scam. Once you connect your wallet, they will have access on your private key and can steal your assets anytime they want. Refrain also from downloading any files if they told you to claim your prize.

That is why you just don't use 100% of your portfolio when buying these dips. Going all-in at one dip is a very dangerous move. If the market goes lower than that then it stays that way for a long time then you will have no choice but to hold your assets until the next market recovery. You also decrease your potential profit because you use all of your capital at a higher price. I know that there are people who have only small capital often use 100% of it to buy the dip but dividing your capital is a must to reduce the risk of your possible loss.

If newbie owns some crypto before this market dump happens, I advice to delete the centralized exchange app that he's using or avoid visiting its website. Ignore the fuds from different social media ang stay away from any crypto-related stuffs that will cause him to sell his assets at loss.

If he's a newbie who doesn't own any cryptocurrencies yet, then I would tell him this is the best opportunity to buy it because market is at its bottom. Hold it until the next market cycle then see his investment grow big.

Only newbies in crypto would be afraid to the current price of BTC. For us that have been here for some years in crypto space, we're already used to this market situation and we know that this is the best opportunity to buy bitcoin and prepare for the next market cycle. As for me, I'm waiting if btc will stabilize at this price until October or before the year ends as I think we will dump more hitting $13-15k range.

Happy birthday there mate! Wishing you more birthdays to come and more stories that you will share on this forum. 

About the topic, it's really shocking how the inflation rate went up fast this year. Taxi and other public transport drivers here in my country are the most affected by the gas hike because most of their profit at the end of the day only goes to the gas for their next day trip. They only manage to bring very small amount of money to their families. As a private vehicle owner, I can't just go somewhere anytime I want unlike before. As much as possible, I maximize the usage of my car like buying groceries and paying bills at the same day to lessen the gas consumption.

Kahit hindi naman nangyari ang issue na yan ay magdudump pa din ang crypto market. Tulad nga ng sabi mo na normal lang ito sa market cycle. Last year, madaming crypto ang gumawa ng bagong ATH kaya expected na dapat ang mga ganitong pagkakataon. Dagdag na rin dito ang economic crisis na nararanasan ng iba't-ibang bansa. Ito ang magandang pagkakataon para sa mga newbies na gusto magsimula sa pag-iinvest sa crypto.

If you've been in crypto for some years now you should know that this is the best time to accumulate bitcoin. People aren't euphoric anymore and most of the news about crypto on social media is just fud to shake those weak hands. This will be the last chance to buy at this current prices because next market cycle could be a new ATH. Inflation also keeps rising over the years so investing into bitcoin for the future is a good choice.

For me crypto won't recover anytime soon and will just start early 2024 because of bitcoin halving event. Despite of this bear season, this is a big opportunity for us to buy those coins you said  and hold them until the next market cycle because most of them are almost down 100%. Once this bear season ends and cryptocurrencies starts to go parabolic again, it won't be difficult to earn double of our investment.

But not everyone can manage their emotions properly in trading which is necessary to become successful on it. Everyone can learn those charts, candlesticks, and indicators but only few people are able to control their emotion in different market situations. There are some people I know that have been trading for years that still get greedy when an opportunity to earn huge arises and forgot to stick to their trading strategy.

Taking profit really depends on your satisfaction. X2 of your investment is already a good selling price. One thing to learn is you should not be greedy. Don't regret if the crypto you sold pumped higher after that because no one can predict the market. Don't keep checking it then regret everytime you see its price, learn to be contented on the profit you gained. Just think that what if you hold longer then it suddenly crash when you're not monitoring it, then you just missed the opportunity to have bigger gains if you sold already.

These bear season are usually long and usually last for 1-2years. Don't expect your investment to grow sooner this year or even next. Bull cycle is where people are very euphoric because many crypto are going parabolic and is able to pump 10x or even 100x. Self proclaimed trading gurus are very active during that market season. They hype different coins that will attract many newbies to buy it. What you 've been doing is the best strategy now as long as you will be able to hold it until the next market cycle.

This is also what I feel with the current market condition. Self-proclaimed trading expert/gurus aren't active anymore. The hype of play-to-earn is gone and new braindead games have stopped showing so those who invested on hype thinking they could make them a millionaire in short amount of time learned their lesson. PFP NFTs hype is also gone, there are many pfps created during bull season that is made only to milk the investors. People that are still here now in this bear market are the true believers of crypto. They should know that this is the perfect opportunity for them to become a millionaire for the next bull run.

Why not start again even if your capital is only small. If you can make $100k from $200 then why not challenged yourself to have a $20 starting capital then make it to a hundreds and so on. Why do you need someone that will fund your trading activities. It won't be easy here to find the person you're looking for. Even expert traders I know doesn't offer these kind of services. With those skills you have, why not use it to make a trading lesson that you can sell for a certain price.

I only spend 10% of my portfolio to buy some cryptos now that I plan to hold for long term. We are in bear market now and I don't expect any huge upward movement will happen soon as there is also a global economic crisis going on. I believe we will dump more until the end of the year and become stable at $10-20k range. If bitcoin dumps below $15k, I would buy many altcoins that I've been targeting to hold until they make a new ATH like ETH, BNB, and SOL.

It's really nice to see that there is someone willing to educate the people in his country/town about bitcoin without expecting any return. Based on the picture, people there must have few access on the internet unlike what other countries have now where it is already become part of their daily life. It is good that those children will be educated at a young age about what is bitcoin not like here in my country where it is depicted as a scam even though internet is already accessible to almost everyone.

Gambling is not only for those people you've said. It depends on luck no matter how much money you have. There are others who only have small amount of money but still able to win a huge prize or even hit the jackpot.


Did you expect that using that strategy is a sure profit? If I have a huge amount of money, that is the strategy I will never use. It's like burying yourself into your own grave everytime you lose.

The most common misconception I know and often hear this from older generations is that cryptocurrencies are just a ponzi scheme. Best example would be my parents, they don't believe on the concept of money on the internet. They told me it was a scam when I invested some of my money on it. They said that where is the money coming that I used to withdraw when I do trading or get it as payment from freelancing. Their generation is really hard to educate because they are born with no many technology existing yet. They don't really know how it works so what I just do is correct them sometimes when I hear them telling other people that these crypto are scam.