Hey, I'm here again! Yes, the crazy dude who writes stuff on the internet!
So for you don't make my mistakes if you can avoid it I will start by telling you that Bitcoin may not have bottomed according to the most bearish forecasts. If these predictions are correct, the fall from the 28k support could look for the 24k and if this support does not hold it would almost certainly go to the 21k. Yes, it could be even worse, there are people who believe that if the worst macroeconomic circumstances occur, it will collapse to 13k. Come on, although I don't think so, let's say that's true.
In 2018 I first heard about Bitcoin, logically a person hearing about it so late is during a boom. When I first learned what it was and how many people had become millionaires with the last rise, I rushed to buy €10 of Bitcoin, €10 of Ethereum and €10 of Litecoin. As I was still in the final stretch of the rally my money grew like the foam, in two weeks the Litecoin was worth 30€ and the rest added up to 30€, so I decided to send it to another wallet almost everything and I left only 10€ in Bitcoin in Coinbase.
I had never invested, nor received any training on the subject. I simply acted after talking to a friend who had already done his research. I also did not continue the work of informing myself about the markets, how the markets are affected by project situations, the fulfillment of the goals that are proposed, manipulations, even Elon Musk's tweets.
Yes, you got it right already from the beginning of the Post I bought so high that what was left ahead was a drop so big that it has not been repeated yet. It fell so much that I stopped looking at the balance, gave my money for lost and like a good ignoramus let my opportunity pass me by ahead without even realizing it until now.
Keeping with my line of fumbling, I disconnected from everything until I got hit again by a new ATH in November 2021.
Zero recovery phrase searches, zero attempts to contact the support team, and the Coinomi (decentralized exchange) account I failed to recover. After identifying myself again and having a lot of luck with the new tlfn number as I had lost the number I had previously provided.... I managed to recover the Coinbase account and there was my balance at 34€. How much would I have in Coinomi?
Do not let your coins un a exchange, if Coinbase go to bankrupt they Will pay debt with the assests. Do not leave your passwords anywhere, always have them available only for you. Do not buy with Fear Of Missing Oportunity.
After this brief history of the accumulation of the most common mistakes and the ones that most people warn you about if you inform yourself the least, let's go to the present.
If you have money that you are not going to spend under any circumstances in the next 5 years or money that you are going to waste during the next 5 years?
Why don't you lend it to me at 10% interest?
Ok, in all jokes there is a grain of truth, but jokes aside, the conclusion I draw is that even if the price falls and it is another four year cycle you are in a good time to buy even though there may be a better time if the fall happens.
If Bitcoin is a good time to buy Ethereum I don't think it will be any worse. At the time of writing this post it is below $2000. Something that seems incredible to me with the merger scheduled for this year. In fact the tests are scheduled for June. But we will go into detail with Ethereum in another post.
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Do not forget to follow all my advice if you want to lose your wife because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"
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