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Until now there has been no major support that could create panic to buy, in 2021 a fantastic increase occurred because Elon musk actively tweeted about cryptocurrencies so that new users increased significantly, and until now there has been no major trigger that could make prices skyrocket.
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It is always very difficult to predict the future market of Bitcoin. Some of the recent researches showed that the price of Bitcoin will have significant growth in upcoming months. By the end of this year we can see the Bitcoin growth. The crypto currency market is now moving good hope it will continue then we will see the good changes in the Bitcoin market.
Crypto is of course very difficult to predict whether it will improve or vice versa, as happened this week which can go up more than 20%, usually the trend will decrease again because many people will sell and feel that they are getting big profits, for those who hold long term of course the best option is not to check prices too often because it can make us tempted to sell when it goes up. |
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The main key that can make us able to get profits in bitcoin is to know when is the best time to hold, unfortunately many people don't care about this strategy, if they focus on the long term of course it doesn't matter, but if we are daily trading then the best time to hold is which is crucial for profit.
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The most important thing in crypto is the issue of security, our main goal is to keep crypto assets besides increasing in value of course because we think that security, many projects make security issues the main goal, and in my opinion as long as security is guaranteed then we should believe in cryptocurrencies.
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I think the increasingly difficult global economic situation like this also causes a decrease in income from many top sites, Google, Facebook and others also report a decrease in income so what is happening with Twitter is normal.
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A market that is still red like now makes us have to get additional income, if we sell at the current price of course we will lose money and the best advice is to hold and use it for staking, some exchanges provide good and promising APR or APY, if we have a long-term hold plan long then it's better to use it for staking.
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Current conditions are difficult to predict, making me prefer to hold rather than lend, as we know that big cases that occur on top exchanges such as FTX are important lessons if we store assets on exchanges, because most of the lend is from exchanges, so we have to be vigilant and hold on more secure wallets.
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If there is someone who can predict market prices in the future of course he can be the world's number #1 richest person, I got to know bitcoin in 2014 when the price was below $ 1000, if I can predict the price then I will sell all the assets I have then sell when the price is $69k.
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If we have the principle of profit then the best thing is to buy when it is dip and hold, many investors are successful and rich because they can be patient, but vice versa for a loser he will immediately sell when he gets a small profit, even when the price drops significantly then they immediately sell for fear that the market will not be able to rise again.
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At the beginning of june i was optimistic that june could be better than april and may, unfortunately what happened was the opposite, prices continued to decline and made us have to be aware of current market conditions, lots of advice from experts to be aware of global economic recession storms which will certainly impact on the cryptocurrency industry.
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The current market which is red makes us have to move assets to staking types, lots of staking options without being bound by time and costs so when the price rises we can finish staking, by staking we can get additional income even if the nominal is large then we also get passive income.
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Most people nowadays measure everything with money, and it can be said that money is the biggest goal or motivation for anyone, unfortunately many people are carried away with money so they do everything for money. they even want to commit crimes to get money.
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Saving money is something that must be done by anyone who wants to change the future for the better, if we don't save then we can be sure the future will be difficult and disappointing, and the best thing right now is saving while investing and we can get this in cryptocurrencies.
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Taking a loan is of course the last solution if we don't have money or assets to sell, sometimes the thing that can make us get big profits and change lives is the courage to do big things, investing in cryptocurrencies has good and promising potential so taking a loan is one way The good thing is, of course, a loan that is in accordance with our ability to pay.
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I think the thing that makes someone still poor is that he doesn't have a clear vision about money, he thinks that money is a normal thing and is not his target or hope, when he gets a lot of money it will be easy to spend it according to his pleasure, he always thinks that tomorrow there will be the same money.
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