The cryptocurrency market is changing at a dizzying pace and one of the most prominent players is Bitcoin, which was created more than a decade ago and has established itself as a reliable asset to trade. Quickly in these years it has become increasingly popular among traders, investors and individuals, becoming an asset of reference in times of uncertainty in the market and although personally I consider that it still needs to "mature" to become a store of value, you can not take away the merit of having recovered from several bad news in its short history.
Due, perhaps, to the fluctuations and volatility that characterizes the cryptoassets market, as soon as the technical analysis charts start to "paint" with the dreaded red candles (at least for many) the same news starts to appear over and over again "...Bitcoin is going to $0...", "...Bitcoin is a balloon about to explode...", "...Bitcoin is a ponzi...". Those are the moments when I just think "...how they manipulate us, how they deceive us...", unfortunately there are not few occasions when they achieve their goals with those Bitcoin investors who, although they speculate with this cryptoasset, do not quite understand the technology that supports it and its importance.
Before delving into the resilience of Bitcoin, it is important to understand and remember what Bitcoin is a form of digital currency that is created and stored electronically. Unlike paper money, Bitcoin has no physical form, but is stored in a distributed ledger known as blockchain, is decentralized, meaning it is not managed or regulated by any entity, bank or government, operates through a peer-to-peer network maintained by computers around the world, and is cryptographically protected.
Bitcoin's resilience is based on several factors, firstly, its decentralized nature, as I commented, means it is less vulnerable to manipulation and because it is not regulated by any entity it is difficult for a group to manipulate the price at will. Its blockchain technology makes it secure and resistant to cyber-attacks and its distributed ledger technology makes it virtually impossible for hackers to manipulate the data stored on it. In addition, Bitcoin is highly liquid so it is easy to convert into cash and vice versa, making it a great asset for traders as they can quickly take advantage of market opportunities.
Bitcoin has had a significant impact on the market and the way exchanges operate, allowing traders to access the asset quickly and easily, move funds and take advantage of arbitrage opportunities. It has opened up new opportunities for traders, such as margin trading and derivatives. In addition, its nature has led to the emergence of new trading platforms that offer more options to investors, greatly increasing market liquidity and facilitating profit taking. I think it is more likely that Bitcoin's popularity and price will increase in the future than the opposite, but this is just my humble opinion.
"You will ask yourself: And if I take a risk and lose...? I will ask you: AND IF YOU RISK AND WIN? Success begins with thought, because sooner or later the man who wins is the one who believes he can do it. Do not be afraid of mistakes or failure, winners are not afraid of losing, losers are, in most cases the risk comes from not knowing what you are doing, so trust yourself, learn, be patient, manage your emotions and above all, enjoy the journey, what the wise man does at the beginning, the fool does at the end" - Anonymous.
Tools, Platforms and Applications:
Note: Related to the links, what is marked in parentheses are the invitation or referral codes that in some cases are necessary to receive the reward or bonus. The promotions offered by the different tools, applications and platforms tend to vary over time, I recommend that you do your own research.
Some of the best Hardware Wallet or Cold Wallet: Ledger (
553b0c2d2056GHXOZE) | BixBox02 (
9qhM1vbhe20FkIPQ) | Ellipal Titan (
7114862.6897e230FkIPQ) | Keystone (
7115442.43b3fc0FkIPQ). 🔐💰 Remember that it is one of the few places where your cryptoassets will be truly secure.
Some tools: CoinMarketCap (
NELT6UUC) - The world's most recognized website for monitoring crypto asset prices with several very interesting sections (Indispensable tool for traders). | TradingView - Charting platform and social network (Indispensable tool for traders). | Furucombo (
cft91oe77sps70fltak0) - Tool to integrate multiple applications of DeFi protocols into a single transaction.
Some cryptocurrency exchanges (Uncensored): StormGain (
BNS16466839) - Very useful especially for beginners because they can start without investment and without risking their own money. Upon registration you receive a bonus of ~3 USDT. The capital is acquired with the Bitcoin Cloud Miner. Go to the Bitcoin Cloud Miner section, click the green Activate button to get your first mining reward, repeat the operation every 4 hours, withdraw when you reach $10 (in BTC). The capital obtained in mining will be used only to invest in the platform, the profits obtained by the operations if they are withdrawable to the portfolio of your choice. | QuantFury (
JRRU2593) - After registering, you receive free cryptocurrencies or a share of a company (such as American Airlines, Uber, Apple or directly Bitcoin or Ethereum) worth up to $250. | CoinInn (
2x9ygk) - Upon registration you receive a bonus between $500-$750, non-withdrawable, only for trading, valid for 6 days, profits are withdrawable to the portfolio of your choice. | KuCoin (
rBPYVZS) | BingX (
GHXOZE) | CoinEX (
85eqt) | MoonXBT (
z3v6ho) | BiBox (
0FkIPQ) | PrimeXBT (
526609) | BitYard (
kZnnxp) - After registering on the platforms you begin to receive different types of bonuses.
Other interesting links: TipMeACoffee - Social network that rewards user contributions with TMAC tokens. | NFTify - To create your own NFTs store, no investment, no codes.
“Everyone has their own forms of expression. I think we all have a lot to say, but finding ways to say it is more than half the battle" - Criss Jami (existentialist philosopher, poet, essayist, musician, singer, designer and lyricist).
"Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth" - Marcus Aurelius (Roman Emperor).
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Author's Note: The opinion expressed here is not investment advice, is provided for informational purposes only, and reflects the opinion of the author only. I do not promote, endorse or recommend any particular investment. Investments may not be right for everyone. Every investment in the market and every trade you make involves risk, so you should always do your own research before making any decision. I do not recommend investing money that you cannot afford to chair, as you could lose the entire amount invested.