Bitcoin

 

 

"It's too late" - When there was only one or two dollars per Bitcoin, I had to buy it.. Now it's over a thousand. It's too late, It's not good times anymore.

"It's too early" - Crypto is not legal yet. The ups and downs are too fast. There are too many lies. I'm not sure what will happen, Will have to watch.

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There are two points of view that I would like to talk about, that it is too late and that it is too early.

There are many technologists (myself included) who regret not having heard of Bitcoin 10 years ago. I have climbed 3-4 thousand times. It's not easy to climb again, that's true. So is it too late?

I'll just say it. The market cap value of the entire crypto market has increased slightly in the last few days. (2) It became a trillion dollars. Really not less. But if you look carefully, it is not even close to Apple's market cap.

Think about it. The value of the entire crypto market, including all the cryptos that exist, is not even close to the value of a company called Apple. Something called the future financial system technology that will change the world is not even a big company yet. Is it too late to review?

As the first generation, Bitcoin, Litcoin, and Dogecoin appeared. I didn't catch up. As the second generation, DeFi technologies appeared with Ethereum. It's hard to say that I haven't caught up. Newly spread, Ecosystem is just emerging.

Lending, Borrowing, Saving, Investment, etc. are still at the testing stage to be able to go decentralized. The technical aspects to connect Cross Chain, Off Chain are still in the experimental stages.

Now NFT and GameFi are very hot again. As strange as it is to pay hundreds of millions of dollars for a JPEG image, over the past few months, the price of Axie Infinity (AXS) Token, an NFT Game, has increased by more than 2000 times. All games will follow this path because there will be those who don't follow it. These are still in the early stages.

without needing to know anything without having to do anything Those who want to be lucky while sitting, what is going on, It will always be "too late". The Bitcoin Age In the age of Dogcoin, those who got ahead of the times didn't get lucky while sitting around.

It's not right to say such things. Being a financial system, lies are abundant, so I don't know anything, I'll try it out, If the greedy little Ma Taw Lo got into that, If you want to be rich, you will be sold out of the city and your life will be destroyed. So -

1. Study.

2. Watch it.

3. Don't be greedy.

- I recommend the summary.

I will continue with the second point of view, "Soon." That is also true. Prices fluctuate too much to be afraid. There are legal areas, but the law has not yet entered well. So.. would it be good if we wait for a while so that things calm down a bit?

It is not wrong to watch if you are not clean. I encourage. You shouldn't do anything in a hurry because you might be late. If you want more reward, you need to take more risk. It's good to take as much risk as you can. Otherwise it will hurt.

I mean Legit Risk. "I'm taking a risk" when I'm lying, it's my own anger. For example - when you buy cakes and sell them in the neighborhood, if they sell well, you will be profitable. I'm talking about the practical risk of losing money if sales go bad.

(96) It's a medicine cake that disappears. I am not talking about the risk of buying one (1) lakh. Take a carefully calculated and realistic risk. Without knowing what to expect, It's not about taking risks compared to greed.

When I try yield firming these days, I see that early adopters get over 1000% APY (not now). Is this really true? Is it practical? The nature of yield firming; If you know the nature of staking and the nature of compound interest, you can calculate what is possible.

In one series, we can also calculate that it is not sustainable. The platform side is looking for growth, so the incentive is given to those who will do it before no one else does. On the part of the person who will do it, if this platform fails, he will also suffer, knowingly taking the risk. Risk & Reward. It can be said to be a calculated risk.

When the desired growth is achieved, the platform side will not continue to support the long-term ecosystem and economy. But as those who will enter later, Successfully and steadily entering the platform, the reward is less, but it has become safer than before.

So, regarding the view that it is still early, we will only talk about Risk & Reward. Before the early calm, the risk is high and the reward is high. Later, when it calms down, the risk is low and the reward is low It may be less. wrong There is no right. How much do you understand? How much do you calculate? You just have to see how much risk you can take.

As mentioned above. It is not right to say such things. Lies abound, so I don't know what I don't know. If you do it out of greed, you will be hurt. But if you don't say what you should say, what you shouldn't say will only spread more.

This is not financial advice at all. I am not telling you to do or not to do. It's just a sharing of knowledge. You can see this in the letter above, but I'm saying it again to make it clear. Not a financial advice.

Just don't forget the summary advice. study, watch Don't be greedy. If you hold on to these (3) things, you will see new practical opportunities.