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Life today has many challenges, especially the temptation to spend money, if we don't budget properly then our money will run out soon, don't be complacent that later we can get money, if we are not vigilant then we will regret it, the most important factor to be able to control unexpected costs is to separate the accounts, create a bank account that does not require an ATM so that the money we save is not easy for us to take.
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The cost of living is getting more difficult because of rising prices, it's very difficult for workers to get a raise, especially since the impact of the pandemic is still being felt today, namely many companies are bankrupt, but we must always be optimistic, the presence of the internet, which is getting easier and cheaper, gives us opportunities to earn income In addition, even people who don't graduate from school can earn thousands of dollars a month just creating content on YouTube or TikTok.
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In my country twitter is used by sellers to sex services by utilizing hashtags or account verification, in my opinion when twitter provides easy account verification by paying $ 8 per month it is a mistake, fraudsters will use this feature so they can cheat more, this is dangerous, especially now that the algorithm is Twitter is easily directed by buzzers for hashtag wars, we'll see if Twitter can still enter the top 5 social media rankings or not this year.
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I'm sure almost everyone has made mistakes and they are aware and regretful, in terms of finances many people are complacent by wasting money on pleasure, when they are old and unproductive they regret it because eating every day becomes difficult, from now on we have to get used to investment so that it can become an asset that can help when we are no longer productive.
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Increasingly difficult economic conditions make us have to use money only for essential purposes, don't be wasteful or waste money without calculation, and from now on we have to be strict and take into account all expenses, immediately remove unnecessary expenses and bring money only for needs that have already been we budget.
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I think this is a dream, the ranking of the world's top companies today is dominated by oil companies, and of course they have a good analysis of the future of oil, I have even read that oil will continue to be needed by humans and cannot be replaced, maybe there are currently many auto companies that make electric cars, but auto experts believe that oil vehicles will last a long time.
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I have never heard that my country officially legalizes bitcoin, but information from several local exchanges that currently there is a tax that must be paid by traders so that my country receives the benefits of bitcoin, maybe the value or amount is not large so the state has not discussed it too much, but bitcoin is in my country has made many people successful and become millionaires because of mining, investing, and so on.
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As investors we must always be prepared for any conditions, I have been scammed several times in business or when investing in altcoins, and I think opportunities for crashes from bitcoin or cryptocurrencies can also happen at any time, there are many things that can cause it and if that happens then we shouldn't ever cry, before that happens then do a rethink whether you dare to take risks or not, if you don't dare to take risks then it's better to leave from now on.
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The good news and fact is that this week the price has risen by more than 13%, of course this makes us optimistic that 2023 will be bullish, if we observe in 2021 then the beginning of the year has also increased significantly, and prices have continued to skyrocket until the end of the year reaching almost $ 70k, unfortunately in 2022 there are many scam cases that create panic in the market, and when the price is at the bottom then the next year or now will be bullish again.
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As investors of course we know that the risk of bitcoin can be dumped at any time, and the best strategy for profit is to be patient and hold, if we use spot exchanges then we can set the selling price according to our wishes and I a few days ago set a selling price of $24500 and yesterday it was fulfilled, at that time I bought at a price of $ 22k and profit of more than 10% in only 2 days, and if we want to get 10% bank interest then we have to wait 1.5 years, whereas with bitcoin only 2 days.
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Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.
The potential for bitcoin to skyrocket is enormous because now more and more countries are legalizing bitcoin, moreover many large companies are also continuing to develop bitcoin so it is only natural that one day the price of bitcoin will become very expensive, some even predict that by 2030 the price of 1 btc can reach $1 million, if we have 0.1 btc and the price of 2030 is $ 1 million then we have $ 100k, and I think this is a good start to invest, as long as we hold it then the opportunity for profit. |
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I'm not very active in using social media anymore, when I see on facebook, twitter and instagram they mostly contain business, debate and porn ads (video call sex offers, etc), another bad thing is they use keywords or hashtags that are trending so that we are difficult to find useful information. of course this is a trend and lifestyle that has changed and hope there is a program that is more interesting than social media.
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I think the profit potential of bitcoin is higher than gold and silver. today bitcoin is up more than 12% and getting close to $25k, I believe this week the price will touch $25k after almost 8 months under $25k, surely this is the price that will make the trust increase and will continue to increase, and I'm even more optimistic about holding bitcoin because I'm sure this year I can pass the ATH that happened 2 years ago.
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Of course we hope that the conflict between China and Taiwan will not happen again, China has great economic power for the world, and Taiwan certainly has US and European allies so that if there is a conflict it will have a big impact on the world economy, but I'm sure the conflict will never be serious until war, and maybe just intimidation or war statements from China and Taiwan.
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When difficult things happen, for example the earthquake disaster that occurred in Turkey, many people want to help, the presence of cryptocurrencies makes it easy for anyone to help in difficult places, moreover blockchain transactions are more transparent because donation collectors will share these donations accompanied by blockchain transaction codes so that everything being easy to control, proof that the cryptocurrencies community is solid and useful for humans.
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Recession does happen but sometimes the media makes too much noise and if we follow it it will cause panic, the media always overreacts in reporting things and this is because they want to attract people's interest and in the end get profit from advertising, as humans who have experienced difficulties of course crises and recessions are normal thing and don't make us too afraid.
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It's very sad if we remember 2022, the price drop is more than 70% compared to ATH at the end of 2021, and I think the biggest factor that makes the market dump in 2022 are the 2 big cases namely LUNA and FTX, and this year we hope there will be no more cases create panic in the market so that it can create new ATH again.
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Do you consider this FUD-spreading unethical or do "shaky hands" get what they deserve?
I think sometimes fud can be used as a business strategy to get more cheaper price when weaker hands panick and hands off their holding. It may not be unethical in this aspect because it wasn't a threat but a analytical advise open to acceptance or rejection. This is what whales do to get the demand dropping and if demand drop then the price will also fall, it is just a business strategy and not unethical. as we don't know most of the time the source of this fud spreading, we can assume some are like planted statements from the dev team to gain something from the situation. also, this is where you can test how the holders know how much about the facts of the project. if they are rock solid supporters, they should know about the real status of the project and that will give them a heads up if it is still worth to hold or not. If we look at the spreaders of FUDs they seem very structured and organized, I'm sure they get paid or sponsored so they look very neat, the best response to these FUDs is to ignore whatever the FUDs are, bitcoin has proven to be a very profitable investment if we hold it for the long term. |
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