With the "bearish" mood of the Bitcoin market right now just around two weeks after the halving, many are really wondering where is the direction the King of Cryptos can be taking us and whether we can soon see the impact and benefits of the halving come to the market so we can experience a new bull run either this year or 2025. Now, we know that halving will not immediately make Bitcoin a very attractive asset again...and surely this can be taking some months.

According to Bitfinex market report: "Bitcoin could experience up to two months of price consolidation following the halving.
Bitcoin could continue to be the price action benchmark for the crypto market in May and the leading indicator for the entire cryptocurrency market cap. In addition, the macroeconomic environment is more resilient than in previous years and the likelihood of rate cuts remains low in the short term."

In case this analysis can be true, then it would be good to just continually hodl and wait as this is not a question of IF but of WHEN. This can be the best time to exercise caution and not be swayed by temporary movements of the market and look for the long-term prospect of Bitcoin.

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The condition remains the same in every field, an exception could be the medical field.

Maybe for now the medical field is spared from possible huge job losses but with the emergence of technologies prodded by AI the time will come when this industry will also be facing its own headwinds. In the past many months, I always read news of many big corporations like Meta and Google who slashed their human resources as they faced some bleak future possibilities. And I think this trend will continue to be affecting many businesses all over the world most especially in USA. Indeed, we can say that the global economy is downsizing and we should be prepared the ill-effects of this continuing problem.

...it's like looking for a needle in a haystack and finding a meme that will turn out like Shiba and PEPE, they have the same features they are all pump and dump and there's no utility whatsoever. I'm just surprised by the longevity of this meme trend, developers keep creating while investors keep losing money.

At this point, getting into memecoin type of  projects most especially newly sprouted is going to be a very risky proposition. I understand that it is Solana that has become the biggest beneficiary of this strong trend these past many months and because this has become a popular movement so many new players are coming in for the sake of taking advantage of the willing market thereby making some money as much as possible. There is only one big problem as most of these memecoins will not actually make it and see the daylight leaving many trusting and investing supporters holding digital assets with no real value. I have seen the same developments when ICO was at rage in 2017 and 2018...and in 2023 and 2024 we are seeing the same thing. I am so careful with risky project and that is why I prefer not to risk my hard-earned money with a project like this...not unless it is endorsed by Elon Musk.

I am very sympathetic to CZ on his case in USA and I was actually sad of learning that he is facing some possible jail time...now when the sentence finally came there is a big sigh of relief that it is just actually just four months. Of course, there can be some other penalties included that can affect how he can do business in USA however the most important thing is that CZ is not getting what SBF received. I am sure that the whole cryptocurrency industry is rejoicing with this bittersweet moment of CZ though, of course, we believe that the case should have never brought on against this pioneering figure that contributed a lot to the industry's development.

So far, it is quite clear that ETFs for Bitcoin in any other country than USA failed to really make the market moves for BTC. Even before the approval and operation of ETFs in USA, there were already other countries that started their own ETFs but just like the recently opened Hong Kong market, they are not considered to be big players in the market all because of minuscule business volume, unlike the one we witnessed in USA. What is clear to me right now is that ETFs in USA is now becoming a major direct influencer for the price of Bitcoin in the global market and we can see how it can be affecting the asset in the next many years...where its ups and downs are inextricably linked to each other. Will there are those who assumed that ETFs in Hong Kong can be of big help for Bitcoin in terms of pushing demand, what happened is the opposite where its lackluster performance somewhat contribute to further weakening of the price of Bitcoin.

These measures may seem elementary, yet it is astounding how easily they can be disregarded when one is fixated on chasing the "next 100x" gain.

Honestly speaking, the cryptocurrency industry has become the hotbed of innovations as well as scams and frauds...and we are witnessing it almost everyday when we heard of news of this platform and that site hacked and millions of dollars worth of assets were stolen - some were recovered while many were not. Sad to say, this industry is really representative of the phrase and the idea of the "fruit of both good and evil." We know that the blockchain and cryptocurrency can be the next step for humanity most especially when it comes to money, finance, banking and here we are talking of empowering people to decide their future right on their fingertips but there are so many dangers around with twisted people all fantasizing and planning to steal as many coins and tokens as they can and bringing chaos and havoc to many victims. With the new technology comes the very risk of being exposed to frauds with the aim to steal from platforms and people their digital assets. And it is so vital that we must be on our toe in making sure everything is secure so these evil people will not have any chance to get to us. Certainly, there is no point of experiencing the next x100 gains if one day they will all be gone to someone else we never authorized.

MicroStrategy, often dubbed a prominent “Bitcoin development firm” has once again garnered attention following its financial update for Q1 2024. Despite reporting a net loss of $53.1 million, the firm remains steadfast in its pursuit of acquiring Bitcoin, further expanding its already significant cryptocurrency holdings.

Between April 1 and April 26, MicroStrategy went on to add a whopping 122 BTC to its reserves. This was worth $7.8 million. While this figure might be pale compared to previous purchases, it symbolizes MicroStrategy’s unwavering dedication to strengthening its Bitcoin portfolio. This comes amidst turbulent market conditions.

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