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Bitcoin which is increasingly popular is now being used for daily trading, those who have profit of 5% or more then sell immediately making it difficult for the price to go up, but the good side is that the price will not drop too deep because traders also immediately buy again thus making the price rise , I believe future prices will be more and more difficult to predict.
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It's really hard to tell if we're really in a bull run or just entering the bull season, and others think it's just a bull trap.
But I read something that some investors or holders are already positioned in the market towards raising the value of bitcoin. But most still expect it to start in 2024 not this time, and often the kicking of Bitcoin's value we don't expect how far it will reach in the market.
I don't think we are in a bull run yet, and many predict that 2023 will be the same as 2022, I think we still need a lot of time to make investors believe in bitcoin and hold it long term, of course they see a market situation that is easily shaken because of issues like FTX, after the case is over, we can see that the market will soon be a bull run. |
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Money, of course, has 2 different sides, it can be a devil or an angel, but for now what is happening in my country is more of a devil, this is because many people do anything because of money, the poor can rob money, the rich can bribe the government to commit crimes such as clearing land, burning forests, and so on, nowadays many people are not ashamed when they are caught in corruption cases, when they have money then the law can be easily bought.
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Why not? Bitcoin is money, a tool to get rich just like any other investment. Even I believe bitcoin can get us financial freedom faster than other ways to get rich. Aren't we here to do that? I believe 100% of people who invest in bitcoin want to get rich with bitcoin because of its volatility. Take risks to get rich with bitcoin.
Yes true, owners of crypto assets that used to buy cheaply now have enormous wealth, of course many people are lucky because they buy bitcoin for less than $ 100 and then can sell up to $ 10,000 or up 100x, let alone more fantastic altcoins because of big increases, ever people say he became a millionaire because he got an airdrop of altcoins and hold for less than a year. |
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I am sure that 80% of the world's wealth in the hands is not more than 20%, the fact is that there are many poor people in many countries, even in developing countries like mine, many countries' wealth is controlled by foreigners, and maybe less than 1% they control the country's assets, unfortunately many countries have no power to prevent this, foreign or private companies clearly control assets but the state is made powerless because of laws or corruption that occurred in the previous government.
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Of course this is a difficult decision because we have to sell when the market is down or we have to lose money, sometimes investing makes us ready for all conditions, and my experience is when the market down in early 2022 or a year ago I was happy because I was still selling some crypto assets at the price is higher than now, I once bought at $ 56k, then I sold when the price was $ 38k, of course I made a loss but that's better than holding on until now.
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Unfortunately this week the price was corrected again by more than 7%, at the beginning of February I was sure that the price of $ 25k would be reached before the 10th, and it turned out that my prediction was wrong, in fact the price is now only around $ 21k, hopefully the market will rise again like in January and when the market is red like now the best thing is to buy, don't panic sell because it will make us regret it.
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Saving, of course, aims to make it easier for us to manage money, people also know that saving money in a bank has no benefits due to many factors. Apart from that, by saving, we can estimate daily or monthly needs, and if we only aim to get bank interest, of course this is the wrong thing, there are many things we can do by saving at the bank and the most important thing is security.
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You should never take a fiat loan to buy Bitcoin (let alone altcoins), unless you are 100% sure you can buy the dip at the absolute bottom of the cycle.
Like buying $200 BTC in Jan 2015, or $3200 BTC in Dec 2018, or perhaps $15700 BTC in Nov 2022.
Wnfortunately we don't know if the current price is a bottom or there is still a chance to go up, we can say this because it has happened, but I think borrowing fiat is a good thing because the potential for bitcoin in the future is getting better, so what I want to say is borrowing money but with a long term payback period, for example 5 years or more. |
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To be successful in business, there are many things that we have to pay attention to, and for the location, of course, we have to take good account of it, if we focus on business in locations with a low economy, the most important thing is to understand what is needed there, for example, agricultural areas which usually have a low economy. different from the city area.
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To change the future for the better sometimes we have to do crazy things, if we don't want to take risks and think in the comfort zone then there will be no change in life, many successful people dare to take risks for example investing or business, and when they are successful then we should never hesitate or be afraid to follow their way.
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Since the year started with a good results by moving from $20k to $24k this year, show that the price of BTC and crypto will move higher to satisfy investors soon. Now that the month is moving faster and investors need to think faster so that they will not miss their reward at the end of the year. The price of BTC just drop down to $22k few days ago, which is another opportunity for those that missed last year not to invest in a stable coins to do it now because, the price of BTC will surely reach $80k before the end of this year 2023.
Are you sure investors will experience $80 this year?
I think the price of $ 80k is a reasonable thing to reach this year, the price has gone up more than 40% and is a sign that the market is skyrocketing soon, back in 2021 the highest increase that occurred in a month was only 25%, of course there are no obstacles like LUNA and FTX which made many investors panic and sell assets cheaply. |
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As investors of course we will be afraid if there is a loss, now more and more people rely on bitcoin for long-term investments or more than a year, I'm also afraid if prices drop and bad trends occur in the long term, especially I hope in 2 or 3 years I quit my job and set up a new business that is trading frozen meat, and if the bitcoin price can reach $100k then I can make that wish come true.
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This year we deserve to be optimistic that the price will go to recovery, since the beginning of the year the price has gone up more than 40% and I'm sure it can go up at least 200% before april, the price is skyrocketing if there are no more crypto cases like FTX, and maybe this year we will get a big profit, of course, the most important condition is to be patient and not panic if a difficult situation occurs, for example, the price drops below $ 20k again.
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30 years ago no one thought that landline phones would be abandoned, but now many people are leaving landline phones and switching to mobile phones, technology is constantly evolving and often unpredictable, just like today's blockchain technology which is becoming a trend will be abandoned in the future, of course there are already better substitutes of all things.
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The FTX case will disappear because there is no clarity, investors' money will disappear, and this of course has happened many times, I have also lost money from several bankrupt exchanges such as livecoin, coinexchange, ooobtc and so on, the position of crypto consumers is very weak and since that moment then we have to store assets in a private wallet so we don't worry about surprises and bad news.
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I'll keep it simple - saying yes to new things (going out of your comfort zone), and making good decisions sprinkled with a bit of luck (right timing, right place).
Everyone's dream is to quickly get out of economic difficulties into the comfort zone, many people are busy making money until old age and when they are successful then the things they like, for example food, hobbies, travel and others cannot be done because of a weak old physique, and in life sometimes we have to think realistically that happiness is not always measured by money. |
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The first time I heard of bitcoin was in 2013 when Bloomberg TV often brought bitcoin trending on tv because of the fantastic increase at the beginning of the year around $100 then passed $1100, since then me and some friends often discussed bitcoin, there were friends who were mining in 2015 and when there was a spike in prices in 2017 he got a big profit to buy several houses and apartments which until now he rented out so he gets passive income.
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If this has only happened for less than a year then I will not take the risk of leaving work, it is too risky if you only rely on one source of income, namely from passive income, moreover passive income is usually uncertain and there is no guarantee whether it will last for a long time, until now I'm happy and always looking for a source of income and hope to be able to make it happen to get a passive income that is greater than the cost of living and monthly salary.
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The increase that occurred in January reached more than 40% and of course this is a fantastic record, making investors more optimistic and panic buying again, I believe that the upward trend can continue as long as there are no major cases like FTX, and slowly investors are getting smarter and prefer to store assets in private wallets so only use exchanges for fast transactions and then immediately transfer assets again.
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