We can’t really avoid from getting panicked anytime without warning. It really depends on each other’s financial situation, and timers and experts aren’t exempted from that.

Most of us especially the newbies and beginners are prone to having panics while the market goes down and/or getting scammed or hacked. It’s all about understanding how the market works and accept the fact that there are no promises or astronomical guaranteed returns by just treating what we spent as “dead money”.

In other words a legal tender. Just like in El Salvador where BTC was widely adopted for payments in goods and services. For me I think this is indeed a long term win for Bitcoin.

Although that it may not impact the price that much though, but maybe in the long run once many Brazilians would fully embrace Bitcoin as an alternative payment method.

Once the transaction was successfully sent to the receiver, it cannot be reversed. The only way you can recover is to manually reach out to that wallet address owner (if you’re so lucky to identify him or her) asking to return the funds to you.

If sent to a complete stranger, expect that it’s dead money that will never be returned. Just facts.

Either way whether if it’s positive or negative, it benefits crypto due to its publicity and trend. I don’t think this is a surprise for most of us here in the crypto space.

Not just on Twitter though, but eventually the trend also grows on other social media channels like Facebook, Reddit, Youtube, etc.

Before you decided to enter crypto, ask yourself first. This applies to Bitcoin or altcoins.

1. Are you ready to take risks?
2. Are you financially literate?
3. Do you have backup funds or sources in case your crypto portfolio goes down due to the bear market?

If you can answer these questions above (and/or someone would add something here), then you are emotionally ready to buy crypto despite the market volatility, no promises or astronomical returns, etc.

I can relate to you because I’m a crypto freelancer myself and saved enough money too. Despite that I have lost 7 figures in total of crypto since I began my journey, I still managed to sustain myself by keep doing more gigs on the side. It gives me more motivation to do more even with the huge losses I have rather than whining and crying all day.

That really depends on your instincts. Your money, your decision, your risk, your responsibility. No one would stop you for trying to invest or trade in either Bitcoin or altcoins.

But when it comes to the real long term despite the uncertainties, I would go for Bitcoin and Ethereum. And for the rest? Between quick flip, short and mid term.

Risk management is necessary.

Ain’t a fan of those Youtube shillers out there, especially their so-called “eye catchy” thumbnails. They didn’t even make some disclaimers either or disclosing that they are sponsored or something.

Of course when things are going quiet, this is where we actually invest into something without knowing what would happen in the future. Amazon would be a great example though.

After 20ish years, their stock value skyrockets like crazy in which those investors who have invested in the “quiet” times are the real winners despite not knowing what would really happen in the future.

I am not saying the same thing that BTC might go bull run again after 20ish years or so. They’ve done it much quicker though, but again there would be no exact timeline on when will it be happening again, especially when we do DCA with BTC, ETH, etc.

We just don’t know what would be the next trend for 2025. The closest one would be 2024 which was the Bitcoin halving, but we’re not sure if that would mean another bull run like in the past though. Nothing would be promised or guaranteed here.

It’s hard to predict what would happen in 2025 when it comes to the trends as well. Time will tell.

As of this time, we cannot simply determine on when will the market recover. It got even worse because of the FTX collapse exposing the fraud that they are in which the customers lost billions of dollars.

Thank God I didn’t have FTX and I never had any funds there. But of course, I know how it feels to lose big amounts, especially on what happened to me last April where 3 of my Metamask wallets got siphoned to a hacker due to accidentally clicking a fake PDF file which is a malware.

On top of that, I am at a loss on my BTC holdings as I’ve started DCA with it last May 2022. There’s no exact timeline on when will the market actually recover and you just have to acknowledge that.

This reminds me of what I have been doing lately.

Since we’re already moving on from this COVID-19 pandemic, IRL blockchain conferences are finally back around the world. It means to say that I can finally resume what I wanna do after all of these years of just doing virtual stuff only.

Hosting community meetups

I’ve started this campaign last August with only 13 people attending our meetup. Thanks to my 2 years of building and gaining more connections in the space during the pandemic, I have managed to have at least some little sponsors ranging from $50 to $100, which was good enough to cover the venue which is consumable for food and drinks.

Then I continued on every month until today and I never stopped. Then, I started getting noticed by some Bitcoin, crypto, NFT, Web3 and metaverse space in the nation’s capital in which they’ve shared and featured my small events unexpectedly.

I started with one place. But I have recently decided to expand it to other areas due to the demand from the community members. Since no one in their respective cities and provinces have held Bitcoin events, I’ve decided to step up and spearhead this campaign.

I didn’t care how much I’ve spent (e.g., travel expenses, accommodation, venue, etc.) because I’m blessed in many ways. I even am not doing this for my own benefit, gain or popularity. I just wanted to see more Bitcoin crypto meetups in various cities and provinces who are not yet aware of this one rather than in the most common cities and get noticed.

Eventually it slowly worked. Now some projects have reached out to me for collaborations and community partnerships to hold an event in the area that I am usually having local meetups.

The best time to build connections is when things are going quiet in the Bitcoin and crypto space.  

I do not want to see a future where Elon Boy is taking over Bitcointalk. I don’t think he is that interested as he is more focused on Twitter, Tesla, etc.

I strongly believe that even if he offers billions, it will likely be rejected. We just wanted Bitcointalk to remain as ease from the very beginning.

We’re already happy about Bitcointalk right now. I say no to Elon boy taking over this forum. It’s gonna be absurd.

The problem is that we do not know what would be the future outcome after the FTX collapse. There are no guarantees or promises here when it comes to the long term results as the market is uncertain.

Although we do believe that BTC and the crypto market would come back stronger, but the timeline isn’t guaranteed even after the next halving period.

This reminds me of Robert Kiyosaki’s “Rich Dad Poor Dad” book in which there are 4 quadrants namely:

Employee -> Self-employed -> Business -> Investor

As an employee, it is where you have some sort of sustainability in your income but will not let you grow more further. This is why financial literacy is needed if you wanted to reach your goals. Your goal is to have more income than expenses.

Before you jump into business, it’s important that you know how to handle your money well and not spending it on useless stuff as you are still living within your means.

I am currently self-employed and am enjoying it actually, in which I can grow my income by performing more gigs. But of course, it consumes me time and I wanted to have passive income one day with just spending lesser time.

Having a traditional business isn’t what I am looking forward to, but it could give us some continuous residual income if we continue to have more customers who are happy with our products and services and kept coming back and order.

Not really if you are not careful on what you are doing in your phone like clicking a malware, engaging to trade a honeypot token, connecting it to a fake phishing site, etc.

As it is created online, that’s where the wallet is so vulnerable and the hackers can actually find a backdoor with all of the stuff I have mentioned if we are not careful without the need of seed phrases, private keys, multisig, etc.

Hardware wallet is always the best bet for our crypto funds to be safe.

Despite that some of my Facebook friends are getting insane profits in futures trading, consider themselves lucky. Spot trading is the safest bet when it comes to day trading as futures is more of a gamble. Even if you are setting a stop loss, it’s still a loss.

Expect more losses in futures trading as a newbie or beginner. But experienced ones aren’t exempted, especially some of my friends who are doing futures trading in Binance. They might show off their gains, but refusing to show their losses.

And until now I still regretted of not holding on to Bitcoin during the long bear market. I decided to sell it until a few weeks later it shoots up to $20k, $30k, $50k, $60k and so on.

I blame myself for being hesistant in buying BTC with my extra “not beer money”.

Right now, I am at a loss despite doing DCA with Bitcoin. But I’ll keep hanging on coz’ I know one day it would definitely bounce back despite the uncertain timeline. Maybe after the next halving, but no guarantees or promises at all.

If we’re talking about CBDCs, that’s where the government have the control. Even if it means that they are going to outright ban Bitcoin, they can’t. If you look at China right now as they are anti-crypto and still doing the crackdown, there are still some Chinese crypto enthusiasts who are still using Bitcoin and always find ways and loopholes to trade, buy and sell with their own Chinese Yuan, etc.

I don't think Binance is exempted from being "unhacked". They've got hacked years ago.

Source: https://www.wired.com/story/hack-binance-cryptocurrency-exchange/

And also Coinbase: https://www.pcmag.com/news/coinbase-discloses-that-6000-customers-got-hacked-this-spring

It's clear that no exchange is safe for us to store funds until now even if it's the best in the world. It's possible that Binance and Coinbase may get hacked again in the future, as these hackers are also improving their skills to create backdoors. Just saying.

As of this time, the hacker of FTX has dumped a lot of ETH and into BTC. I don't think it would stop there though. Expect there will be another bunch of dumps, but I could be wrong.

This is going to be a long winter that we needed to endure, so I am not expecting for the crypto market to end the year on a high note even if it's a short term pump but could end up as a dead cat bounce.

I like both actually. It’s just that commission job is much harder because you need tremendous skills to close a client or so. I have tried once getting commissions from the ones I referred to the project, but I’ve ended up having no sales at all despite my time and effort.

I understand that this is a rejection business. But the more you get rejected, it’s either you quit or you learn and get better. Salary job can help sustain your needs, but commissions can give you much more in which will rely more on your skills to close your client, especially that its critical to know what you are promoting in which customers could ask you in-depth questions.