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Will this happen in the near future or later if it starts to enter a real bearish period? Because what is expected now is that the market will recover and BTC can really reach its ATH again, and can reach at least more than $ 120k. However, this is still something that cannot be predicted accurately. Yes, because there are still many investors who can cause the market to change very quickly.Look at the news about future events market conditions will be bearish. Little by little, it will go down when bad news appears this will impact the price of Bitcoin again. There are many causes that can lead to a price drop. If bad news occurs repeatedly, it's just a matter of a few months before Bitcoin's price drops drastically. If many investors come in, it will continue to push up the price.
Cryptocurrencies have a lot of potential, but it is risky to completely trust centralized exchanges (CEX) because, up to now, there are still CEX exchanges that have experienced hacking cases. Of course, they have lost a lot of money because the exchange had problems, suddenly closed, and no longer functioned. Their support contacts do not work well, and scams dictate short withdrawal times. For now, you should be careful when investing in cryptocurrencies, especially in CEX exchanges.
I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.
Today I'm going to share a reality of my one of the closet freinds sad reality which is I think that my all friends should not to repeat the same in real life.It is normal for investments to cause losses because they can deteriorate. Many people who invest study beforehand so that one day they don't have to accept harsh realities such as losses or the total loss of their money in a short period. Many people are tempted by get-rich-quick schemes, which is why they can easily lose their money quickly. It is better not to invest with a loan in cryptocurrencies because it is risky.
This close friend invest in crypto, and made several times what he invest.
But, he got more greedy in want to become rich so he took more money from his friends and family, and to even bad he brought more money from market loan givers at huge interest rate of 4% each month.
Market went bad, he lost the invest money. Friends/family understand but for money he took from loan givers, they came to his house to get back the funds.
No money with him, he felt pressured and leave country.
While investing in crypto, many people take loans from banks, but later they have to face difficulties in repaying the loans if there is a loss. How much crypto is needed to manage social life and can it be the only dependent income source of your life?Based on past experience, cryptocurrency cannot be the main source of income because its price sometimes drops. Therefore, I need to work to meet my daily needs. I have lived for many years, and just depending on cryptocurrency is not enough, because what you earn from it does not provide the certainty that a more permanent job can offer in terms of stable income.
Crypto exchange Bybit announced it suffered a security breach in one of its ETH cold wallets.Until now, the Bybit team is still looking for the perpetrators and holding a bounty to find them. The reward is quite substantial, around 150 million US dollars. If someone succeeds in recovering their money, the reward will be quite high for those who can find the stolen Ethereum. Bybit has grown rapidly, but the losses have been significant.
The hack saw the attacker stealing $1.4 billion worth of ETH.
Bybit's CEO claims the exchange is solvent even if the stolen funds aren't recovered.
Crypto exchange Bybit hacked for $1.4 billion worth of ETH
What will be the effect on crypto market after this confirmed news?
First impressions there's a slight downtrend on the prices of cryptos but nothing significant or this is yet to reach the potential weak hands?
Trump interest in cryptocurrency is very good for the crypto space as we have seen on the day of the election, but I expect his administration to be and mix of optimism and uncertainty, they may also prioritize a lenient regulatory for cryptocurrencies to have a conducive environment for growth. Since a politician is getting involved if the market I would watch out for any news surrounding him that would cause a sudden shift in volatilityIt can be said that cryptocurrency trading will be freer and that the market will be stronger because the support will be more genuine. The sales value will be higher, and the possibility of Trump's breakthrough during his time will be better because cryptocurrency is very beneficial for countries that adopt it as a medium of exchange. This is because it facilitates faster transactions, making the future stronger for long-distance transactions between countries.
I would probably say we need to fasten ourselves for a bumpy ride it's not up to a month since his inauguration, I'll love to see how Q2 would look like. What do you think?
FTX is one example of a centralized exchange (CEX) that many users around the world need to be careful about when using CEX exchanges like FTX because many of them disappear and do not return funds to investors. FTX is trying to restore the confidence of its investors and become active again. Restoring trust takes time. Most investors are disappointed and move their money to their wallets. Could FTX be closing?QuoteFTX to Start $18 Billion Repayment Process on February 18, 2025
FTX will begin repaying creditors on February 18, 2025, following its collapse in 2022. Key details include:
Payments for claims under $50,000 expected within three business days.
Total repayment package amounts to $18 billion, with legal issues causing delays.
A 9% post-petition interest has been added to creditor claims to address financial discrepancies.
https://holder.io/news/ftx-18b-repayment-feb2025/
FTX will be repaying a lot of users tomorrow an in the next days. This can be bullish to the market, as they are all crypto investors which will receive USD . Some of that money will probably flow back to the market, so we will see some volatility tomorrow and in the next days (at least I hope so)
What are your expectations?
Greetings to everyone.Buying Bitcoin should be your main target because the value of Bitcoin greatly influences all other coins. Therefore, Bitcoin should be one that you buy, even if you don't have much money. Starting to buy Bitcoin is the number one goal for the long term. You have to believe that one day Bitcoin can be 100 times its selling price when you sell it.
As the crypto market continues to grow, we often observe its impact on all the tokens currently in operation. Due to the promotion and trend of these digital currencies, non-enthusiasts have begun to show interest, making purchases to profit for themselves or for other reasons that matter to them.
As a non-crypto enthusiast hearing about Bitcoin and others for the first time, I chose to get involved by making a few purchases, knowing fully well that the price of Bitcoin is high and my funds won't go a long way in terms of price difference.
Is it advisable to buy Bitcoin with the little amount I have, or should I rather go for altcoins that my funds can meet up with?.
The price of Bitcoin is slowly falling though not very fast. But the alts are declining very fast. Recently Bitcoin price took a big down and recovered from $91k to 101k. But since then no major movement of bitcoin is seen but slowly bit by bit the price of bitcoin is decreasing. Today it was down from $100k again to $95k. Is this just a Bitcoin correction or will we see a gradual decline in Bitcoin? How is your prediction for Bitcoin in this situation?Bitcoin will experience a correction, possibly at a low price of around $50K. At that time, it is very likely that a bear market will occur, and altcoins will go down. Currently, there are no signs of Bitcoin going down, but next year, there could be a big downturn.
Will all alts crash in a bitcoin situation? or is everything a major price correction for something big to happen?
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