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Now more and more altcoins are being developed seriously and with strong financial support, and of course it will disrupt bitcoin market capitalization, and the downward trend of marketcap certainly cannot be stopped, and with this fact of course in the next 5 years there will be several competitors who will replace bitcoin.
And I think as investors we will not be too affected by this, the most important thing is to be able to benefit from bitcoin or altcoins.
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This week, of course, many are pessimistic because the price will fall again below $ 20k, but today we are satisfied because the price has risen more than 10% and makes us even more optimistic that this year is on the way to recovery, of course the price does not automatically skyrocket but rises slowly, and the target price for February is $ 30k to make investors more optimistic to buy and hold.
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Social media is like magic that makes people not care about the people around them, I had a school reunion and when everyone got together everyone was just busy with gadgets, the chats that occurred were only warm on social media, even when eating together there were still many who were busy with social media, the presence Social media makes the near far away and people become more individual.
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Saving in my country is really wasting time, and will not increase, the interest earned is not in accordance with the calculations, and maybe only increases around 4% per year, saving is a human error and only suitable if they save large amounts of money, unfortunately advertisements from many banks to save money is increasingly massive and they use a lot of market strategies so that many people want to save money in banks.
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An explanation of how staying thriving in a low-income area is a way to survive. If it continues like that then it will be difficult for us to develop. The right way to grow is to take the risk to get out to a place with high mobility so that it can cover all aspects of the business that can be used as opportunities.
the best practice is to have some emergency funds. Work hard - have a roof over your head and be thankful to God whatever you have. The greed for more and the worry for the future is always a useless thing and killing our present joy. A greedy person will not be happy and he will die before he can enjoy the money or wealth he has, every day he will always think about adding money and not caring about other people, nowadays many people are difficult and doing social activities such as helping others is noble things that will make the heart happy and of course eliminate greed. |
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Even if Busan wants to focus in crypto but if their national government is like the one who keeps on tracking down projects and privacy coins, maybe we'll still see some shed of light from it.
There will always be the obstacle that a city or a location have to be overcome because it's not that easy to become a crypto hub if there are conflicts from its own country.
Many cities want to become crypto hubs but most are not ready, and in my opinion the most prepared is Dubai, with the support of the united arab emirates government, dubai is now growing rapidly in many ways, it is only natural that many of the world's top companies make dubai the center, and the united emirates government arab has officially accepted many projects related to cryptocurrencies. |
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Cryptocurrencies have become valuable and dynamic assets and investments, of course with large capital we can get profits from investing in cryptocurrencies, simple things we can see from daily price fluctuations that can reach 5% so assets automatically increase too, many people have already successful and rely on cryptocurrencies for passive income.
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There is still a lot of time and opportunity that can happen this year, the price has risen by more than 40% in January and gives great hope that this year the market will rise, and of course the price of $ 80 or almost 400% from now is something that is still realistically affordable , if there wasn't a big case like FTX then bitcoin price would explode fast.
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Halving day is what we are waiting for, with halving day we can get better profits, transaction costs that are becoming expensive of course make transaction volume decrease and most people buy because they understand prices will go up, and the halving day trend that has occurred several times makes Fantastic price increase.
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This week the price has dropped more than 5%, and is getting closer to $ 20k, even though we hope it doesn't fall again but as investors of course we understand the current situation, bitcoin movements are indeed unpredictable and often unpredictable, and this is what makes us must always be vigilant and realistic.
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On the other hand, the presence of social media has had a negative impact, nowadays anyone can easily spread fake news or FUDs, and if we pay attention, the spread of FUDs to kill cryptocurrencies seems organized, there are even many companies that pay for advertisements in many media for talk shows and reporting on FUDs, of course the spread of FUDs is not only unethical but has entered the criminal category.
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Sometimes the media is too exaggerated when someone predicts a global recession, as if the world will end when they open an opinion, life is used to experiencing difficult things so whatever happens we should never panic, there is always a solution if difficulties come, just like in my country that was reported going bankrupt because the country can't pay the debt but it turns out that subsidies can still be used and everything is too much.
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The choice is yours, friend. But I'm just giving my opinion, education is also very important for the future and it's also necessary to save if one day you need emergency money. However, investment is also very important, for young people, if you can set aside money to invest, it will be even better, so that your financial condition will be secure in the future.
Most people are complacent when they are young so they are always extravagant and spend money for pleasure, when they have important needs they usually go into debt because they think they are still productive and can pay off debts, from now on we have to change the mindset of young people and train investments from the start is the best solution to make the future will be better. |
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My biggest obstacle to getting to financial freedom is capital and experience. I once tried to open a small restaurant but had to close it because it was quiet, especially when the pandemic was scary. It turns out that to be successful and financially free, you need a lot of things and in my opinion, the experience factor is the main key.
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We know Inflation has become a frightening specter in 2023 because of covid and Ukraine and Rusia war. This is related to crypto, I am not sure if crypto price today has grown up in the line without following the fiat. Yes, fiat aka conventional money is the factor we pursue to bitcoin.
Many countries have thought to change currency into bitcoin because the government thinks bitcoin is more related stable than USD. because the reality, USD is not have something great if their foreign policy isn't great in the past. The powerful country is just running their greedy for self-benefit. Now, they begin to turn to bitcoin and look like started to control the bitcoin inflation, so what you think if bitcoin inflation is wilder than fiat?
If the state legalizes bitcoin to replace fiat then if there is inflation the impact will be deeper and terrible, it is inconceivable if the very volatile bitcoin price is used by the state for any reason, the central bank certainly can't do anything, moreover the strength of state capital is very small compared to the market cap of bitcoin, and the fact that many developing countries have foreign exchange reserves of only 10% or less than bitcoin's marketcap. |
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At least we deserve to be optimistic because the price trend continues to improve since 2023, it is natural that more and more people panic to buy because it has the opportunity to skyrocket, I'm sure if in 2023 can pass ATH in 2021 so that we can get big profits, don't be too easy to selling, it's better to continue buying because we will get a surprise in the market in the present year.
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The FTX case has passed for almost 4 months and it seems that there are no results that satisfy consumers, the latest development is that in March an audit of SBF assets will be carried out but I'm sure this will not be very useful, the court should immediately investigate the SBF transaction and then confiscate all these assets, thing ridiculous from the FTX case hope it doesn't happen again in the future.
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The economic conditions in my country are currently difficult due to many factors, the inflation that continues to occur makes it difficult for many people to buy basic necessities, the country also owes a lot so many subsidies are removed, schools used to be free, but now schools and health are very expensive, I just can hope that this year's economy can improve, I also only work part time because the company's condition continues to lose money.
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I once got a weekly and monthly salary and I think I like monthly salary more than weekly, this is because I'm easily tempted to use money for pleasure, if I get a weekly salary it's difficult to save, but if I get a monthly salary then I can force to save .
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