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Before investing in or participating in any crypto project, research the white paper and technical background of the project. See if the project has a practical use and value.
Review the project's transparency and public information. Does the project provide a clear roadmap, goals and development plan.
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Bitcoin and bank investments are two different investments, both with certain risks and rewards.
Bank investments are more stable and reliable, but the returns are relatively low. Investing in bitcoin is riskier because the bitcoin market is very volatile and may offer higher potential returns when the price rises.
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Its just 11 days into the new year and 2023 is already showing signs of hope for bitcoin investors. Bitcoin is currently on 17k plus as of this morning when i check my binance app which is currently a good results as bitcoin has been stuck at 16k for a very long time. Investor and btc holders will be very happy seeing this significant rise although it is a volatile currency and can change its rate anytime yet its still a positive start to the new year. At this moment we can hope for the rise to continue and maybe hit a point where investors can boost of a good profit added to their btc coins. I was directed here and have learnt alot and i will no longer call it a hasty decision if i were to get my own btc in my own wallets but i haven't gathered enough finance to do that and am looking to sell some of my old stuffs which am no longer using to start my own bitcoin journey. I have some stuffs like an old TV set, some old cooking gas and sone rusty old furnitures in my house which i think can fetch me some reasonable amount of money to start this journey and the good part of it is that I don't use these stuffs so its better to sale it and use the money for my bitcoin investment. Just hoping we all can hodl up more longer maybe 2023 has something special it has to offer #keephodling After experiencing the bear market and market downturn in 2022, crypto investors have many expectations for this year. It can't be called a bull season yet, this is still an opportunity to accumulate, to be able to invest in Bitcoin and hold it for a long time until you can always get a profit return from it. |
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A bear market is normal behavior in the crypto market, and it's not anyone's fault. The downward trend of the market in a bear market is also a normal phenomenon, and it is impossible to really predict and control what will happen. We should learn from these failures and control greed to avoid unnecessary losses.
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Investing in BNB is also a good choice, it will also bring better profits, and there is strong support from Binance. BNB is becoming more and more powerful and has great potential in the future. Whichever currency you choose, do what you think and not just listen to what others say.
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Hi guys I am no expert but according to me GUYS, I'm very Bullish for BTC coz, BTC is forming a Falling wedge and its a huge huge Wedge, when it'll break, BTC will pump hard but,
before that understand this Falling Wedge Bottom is nearly 14k$ & in worst case we can see wick to 10 - 12k,
but 14 - 13k is best best best time to BUY buy buy Alts and BTC ⏳ (keep going on your DCA)
& Next Elliot 5th wave will be huge 🔥⏳
I will buy Bitcoin and other crypto if it came to the 14k level cause I think that at time it should be pumped hard and almost cross 20k dollars in coming weeks.
Long-term investors are generally optimistic about the market and know that now is the best time to buy at low prices. The bear market is an inevitable cycle in the encryption market. Bitcoin still has strong market support, and the price will increase when it enters the bull market again. |
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Altcoins can provide great returns to investors. Some altcoins have already delivered decent returns to their holders. If you have enough experience to choose and invest in potential currencies, you can make profits in a short period of time. There are also many scam projects in the crypto market, so choose your own.
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Hello friends Do you currently have at least 1 bitcoin? Many people sold their bitcoins after quite a big drop,but i am sure there are people who still hodl a large amount of bitcoins And i always wonder what motivates those people Faith,hope,unemotional analytics or the ability to see the future?  Please,answer only those who really own at least 1 bitcoin Thank you It doesn't matter how many bitcoins you own, what matters is how long you hold them. I've always believed in Bitcoin and just wanted to accumulate as much as I could during a bear market and get more out of my investment over time. |
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There are many scam projects in the crypto market. In order to make profits and attract investors, many new projects will deliberately exaggerate and say that they will provide investors with the greatest profits. But over time many projects will turn into Ponzi schemes, will cryptographically prove that what they say is false, and always end up disappearing from the market as fraudulent.
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Doing so can help more people understand Bitcoin and let them all understand the benefits of holding Bitcoin. Accepting Bitcoin payments provides customers with more payment methods and also attracts crypto enthusiasts and holders, which helps in the growth of the business and financial success.
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To be a successful holder requires firm belief and good emotional management, not to be affected by FUD and price trend changes. Choose to hold cryptocurrencies that have development potential and can be profitable, and learn proper risk management.
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As the quest for global adoption of digital currencies due to the high rate of inflation in traditional papers money keeps surging, attention has been shifted to cryptocurrency as the hedge against the inflation and economic recession that is ravaging the global economy,
And those of us who are early to adopt Bitcoin and seek to build knowledge as regards the technology is seen as the most smartest set of people among the general public.
But one of the major set back against Bitcoin's global image is the presence of other coins who are centralized and highly vulnerable in term of volatility rate and price stability occasion with uncertain events that happens within other centralized cryptocurrency platform.
Even with all this, Bitcoin have remain untouched and it users are the only one who are safe in this time of crisis most especially those who store they bitcoin in their private wallets.
So in conclusion: Bitcoin is the blanket cover for what cryptcucrency and digital currency stand for and only those that hold Bitcoin should be seen as the smart people, not those holding and gambling with shitcoins.
Bitcoin should be every investor's primary investment in cryptocurrencies, it's proven over time. Bitcoin has the largest user community and it will do better in the future. But not all altcoins are junk coins, and some can also allow investors to obtain high returns in the short term. |
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It is not easy to successfully trade cryptocurrencies while working full time, working while not having time to focus on proper trading and analysis, time will be allocated in a bad way. I prefer to invest for a long time, without spending too much time analyzing the market, investing in Bitcoin and waiting for the right time to sell it to make a profit. Work and long-term investing are easier for me at the same time.
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Bitcoin is the biggest bank rival at the moment, if Bitcoin becomes more popular and widely used for long-term asset investments, of course banks will experience financial difficulties. Currently, the Bank's income is almost entirely from customer saving, if one day the customer prioritizes saving money in the form of Bitcoin, of course the Bank will experience financial difficulties and will have a bad impact on the bank's financial condition in the future.
Until now there are still many countries that do not want Bitcoin as legal transaction, this can have bad impact on bank consistency if Bitcoin has become legal currency.
Banks and Bitcoin are in a competitive relationship, and Bitcoin is the biggest competitor of banks. Bitcoin is decentralized, there is no control over the assets, and now more and more people prefer cryptocurrencies and keep their money in their wallets instead of banks. Banks want to control the money, and the advent of Bitcoin took away the power of the banks over the people, and they gradually lost customers and revenue. |
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Not all people are skilled to have their own business and most people receive their knowledge to not build their own business but to work in a company that's why its hard to ask them to start their own business. Those people who work in the company are better to start saving their money on an asset like a house, gold, etc.
Well, people have their own passion, we can't force them to have their own businesses and they have their own way to make a living. Also there won't be a businessman who has their own company if there's no worker who willing to work for him.
Entrepreneurship and investment have certain risks. Working for your own business or company is a great idea, but it's not easy. Entrepreneurship must have a lot of financial support, not every venture can be successful, you must have patience and persevere. |
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what will happen if bitcoin's price became stable?
The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.
Stable prices are not good for investing and trading, nor for cryptocurrencies. We don't want the price of Bitcoin to be very stable. Bitcoin is more of an asset than a currency, and its price movements make it more attractive and more popular. High price volatility is more conducive to buying low and selling high to obtain profits. |
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Want to invest full time? Do you have enough money and experience?
Cryptocurrencies are risky, and a full-time investment job seems riskier, especially now that you are in a bear market, and winning in the market is not guaranteed forever. Investing in cryptocurrencies is more likely to be a side hustle, don’t fully focus on it, it will make you more stressed.
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No one knows when the market will change, the downturn in the crypto market is affected by many external influences, and it is impossible to judge how long the market will remain in its current state. However, many encryption experts have analyzed that cryptocurrencies will usher in a bullish moment when Bitcoin is approaching the halving time, and the encryption market will recover.
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You can buy more, and once the price goes up you will see a value greater than $5 but just like last time, it will go down again. You can't be like this forever but you need to take an action. Why not sell your coins once the price go up? So that your profits won't be dragged down anymore by the time the price go down but you can buy again during that time. You can repeat these two processes until you reach your desired profit.
That is the best way to generate a profit during the bear times. The term for that by the way is trading or it can also be called short term investing but if you are not bothered about the ups and downs, you can also do long term investing.
The chances of making a profit in a bear market are slim, don't expect to make a profit in a short period of time. Even if it has fallen in price, it is not necessarily the bottom, and it may even continue to fall without guarantee of recovery. There will still be certain risks in investment. |
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If Bitcoin reaches $1000 I will buy as much as I can, it will be a good opportunity for me to profit. As time bitcoin becomes more popular and more people will accept it, one day the price will rise again and have a better value in the future.
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