The rainy season is almost over, but everyone's been sick lately. I hope all my cool fellas here are all well. Today's weather is pretty good, I guess. Well, I hope so. Anyways, I'm going to talk about crypto shit again today. This will be based on my personal prediction and thoughts. So let's talk, don't attack.
When the exact right time to buy and invest in crypto?
1st question I'll probably gonna get is 'when is the best time to buy cryptocurrencies?'. Gotchu babes. The best time to buy them is when the price crashes. And no I'm not crazy. Let me tell you this, when the price crashes it will be cheaper. Crypto is like a roller coaster. Today the price crashed, and the next day it will go up like crazy. I don't want to sound dramatic but it is totally a mystery. We will never know. That is why i'm telling you, the best time to buy crypto currencies is when it crashes. You got a good and cheap price and then the next day the price goes up. It is a win win baby.
As yall know, bitcoin is now the most popular crypto currency and it is on the first top. It will always be Imma say. People put their trust and invest a lot in bitcoin. They believe that this thing will become something worthy in the future. Well, I do too. But then again, it depends on the market situation. I mean crypto is about predicting. Today it goes up, and the next it crashes. We never know but we can learn about it.
I think it is a good decision if you don't know where to invest your money. But everything will not always go smoothly. You can lose your money in bitcoin. That's for sure. Bitcoin is volatile. Extremely risky I would say. If you are willing to take the risk, first make sure you understand what you are investing in. I don't recommend you investing all your life savings on cryptocurrency markets. We all gotta get plan B, darling.
Metaverse money - and how celebrities help to increase value
Now let me share about my my personal thoughts and prediction on Bitcoin in the net few months. Yall remember I wrote about Metaverse few weeks ago? I personally think that bitcoin and other crypto currency will be worthy because they will use it as their currency for transactions in the metaverse. I'm not talking this is gonna happen in a few months. As you know they still working on it. But I think this is a good sign,eh?
Celebrities are now also part of the gang. I wrote about this and if you want to read it, you can click here. NFT is now everywhere. People are all talking about it or even jumping themselves into this world. And so these celebrities. They bought these NFT from the popular NFT clubs and now this has become a thing. Yes of course this means that they use cryptocurrencies to buy them NFTs. Since they are celebs, they got fame, fans and they always be in all over the news. They're technically promoting this crypto thing to us. It affects people to also join the gang. I personally think cryptocurrencies will take over the world in the next few years. It could be worth it for now and in the future if you know the strategy. NFT and Metaverse are not just a plan. It is really happening now.
This is how the powerful influence the bitcoin price
'Chachababe what do you mean by the price depends on the market?'. Remember in May 2021, Elon Musk told us that Tesla would no longer be accepting cryptocurrency payments over concerns about the environment. Then boom! Bitcoin crashing like crazy. Then in June 2021 Elon Musk made a statement again and said Tesla will likely accept bitcoin payments again when more than 50% of its energy usage comes from renewable sources. Yes, bitcoin goes up again. This is how news are affecting the markets of bitcoin or any cryptocurrencies.
If you have power and status just like Elon Musk, this is definitely a powerful thing. Say Elon Musk made a statement and said it was a joke. And he actually buys all the cheap bitcoin without us knowing. Then, the next day he made another statement like I mentioned before that Tesla will accept bitcoin again for the transaction. Yes I know what yall thinking. It makes bitcoin price is going up again, because they can use their bitcoin again to buy tesla. Elon Musk bought those bitcoin when it crashes made him like a badass winner. Well I have to say this might now what facts that he actually did that. I just want to give you an example of how the market affects the price in crypto. Also how the power you have can affect this.
This might be too much for some of yall (even me) but I think we have to start to facing this because this is the future we are going to live in the next few years. It is actually happening. Be ready.