Hi, my beloved friends in the Hive Universe. Hope all of you are having great days with the record-breaking booming market of the world of cryptos. As I have already seen the crossing of 72K of BTC is just the beginning of the bull cycle, a long way to go. With the BTC and some major currencies, Hive is not lagging behind, it has already touched the long-waited price level of $0.5 and I am confident that this level is going to end soon for all with the run for $2.00 in the coming days!
It is anticipated that the cryptocurrency market value will continue its unprecedented record-breaking journey, with Bitcoin leading the way, in early 2024. Since the majority of the buyers from the previous bull are now on the profit side but still something to happen in the coming days, the whales are now prepared to accept their profit if they want. Most crucial, though, is that price manipulation is still challenging as whales are still able to move the market by making significant purchases or sales. The BTC halving event's driving force is also very significant because it affects supply and demand, which has shown results in price increases every cycle. Perhaps in this cycle, we believe that our objective is somewhat more than the 100K level. With Bitcoin and Ethereum making greater and better movements, a thriving community of fervent cryptocurrency fans like me awaits the crypto bull run to make our portfolio greater.
There a saying about not to selling your Bitcoin which is to applicable for all but may be applicable for a smaller portion of your portfolio in my opinion. But why do I think in this way? I am thinking straight forward which means the goal for buying any asset is to make a profit. But the crucial thing is what should be the pre-designed or pre-planned strategy to take benefits from such complex thing when dealing with the govt. But the main motto of being living in the crypto universe is personal financial freedom which can only be possible through blockchain technology.
The biggest key to financial independence is that it doesn't depend on good fortune, building wealth quickly, or seeing a sharp increase in income every day. It requires careful planning ahead, self-control at work, and financial prudence in overall economic activities. We must educate ourselves on personal asset management by reading blogs, going to seminars, and speaking with financial advisers if we are to become financially independent. Being financially secure and stable is a desire that is becoming more and more prevalent in today's world when economic independence is essential. Being financially independent enables people to make choices that are driven by more than just their need for money; these decisions may also be made in order to live comfortably.
As the bull run has captivated both the general public and investors, which has brought up a number of concerns that need to be considered while managing the situation. Why are prices growing in this manner? What impact are institutional investors having on the market? What matters most, though, is how to manage the volatility and perhaps even turn a profit in this exciting but turbulent market. The Event of Bitcoin Halving is also driving the pace. There is a 21 million coin limit on the amount of bitcoin. The quantity of Bitcoins awarded to miners for validating transactions is halved about every four years. The purpose of this action, referred to as the halving, is to limit inflation and maybe gradually reduce the supply of Bitcoin. In April 2024, the next halving is anticipated. In the past, halving occurrences have been associated with a rise in Bitcoin prices as traders think that the lower supply would meet the same or even greater demand.
Another logical reason is that some investors are looking at cryptocurrencies as a possible inflation hedge in an environment where interest rates are increasing and inflation is a worry and I personally believe in this speculation. Personally I know the price of the commodities of Bangladesh is skyrocketing so fast due to the inflation and uninterrupted money-printing by the government. Central banks and governments do not have direct authority over cryptocurrencies, in contrast to conventional fiat currencies. The ability to hedge against inflation, however, is another element fueling the present cryptocurrency boom.
Besides, amazing use cases are so important for a sustainable bull cycle and many coins are so good to utilize it's blockchain for various applications in many real-life situations. The decentralized nature of blockchain technology makes it easier to develop creative and innovative financial products, such as peer-to-peer lending platforms, decentralized marketplaces that operate without intermediaries, and micro-investment plans. The potential for decentralization, accessibility, and transparency of cryptocurrencies suggests a time when people will have more financial control and be able to participate in a more equitable financial environment, even though it is still too early to tell how precisely cryptocurrencies will affect the current financial system.
Do Your Research is the best strategy for any investment. It's crucial to fully investigate the project, the people behind it, and the underlying technology before investing in any cryptocurrency. Recognize the goals of the project, its possible applications, and the dangers involved. The Secret to Diversification Avoid placing all of your eggs in one basket. To reduce risk, diversify your assets across many asset types including cryptocurrencies. Depending on your tolerance for risk, think about putting a small percentage of your whole investing portfolio into cryptocurrencies. Invest Only What You Can Afford to Lose is always to remember. Due to the inherent volatility of the cryptocurrency market, only make investments that you can afford to lose. Never risk money you can't afford to lose by investing it. Recall that the Bitcoin industry is a complicated and dynamic one.
My blog is not meant to be financial advice; it is only meant to be informative. Before considering an investment, always do your own research and speak with a financial advisor.
What are your thoughts on the running bull-cycle and what is your plan with your portfolio? Be careful about the spammers which are going to skyrocket during the bull cycle as previously. Manage your own risk carefully until there is further development and applications of effective methods for enforcing state-level laws for protecting people in the cryptocurrency world. However, in order to stay secure online and prevent losses from occurring, users need to be aware of this new technology through appropriate education in account security and management of fraudulent schemes on the internet.
I appreciate your consideration and time.
I hope you have a pleasant day.
Thank You!