Today, the price of BTC broke through $30,000, just returning to the price level of June 2022;
Starting from the low point of $15,476, it has doubled.
I wonder if there were any people who bought the dip at 15k last November?
If someone bought a BTC at 15k back then, they would have made a profit of $15k after six months.
Of course, this is all in an ideal scenario. There are friends who waited for 10k when it was at 15k, I don't know if they changed their strategy later.
The fluctuations in the cryptocurrency market have no obvious patterns. Gains are based on luck, while losses are based on skills.
A friend lost over $7,000 today because they set up a multi-signature wallet.
They said they randomly clicked on a link in a chat app and don't know what operation they performed, but now they can't transfer the balance out of the wallet.
After investigating, they found out that they had set up a multi-signature wallet, but they can't figure out whose wallet it is and now they can't operate it or withdraw the balance.
In the decentralized world of blockchain, mistakes cannot be undone.
If the mnemonic phrase is leaked or the wallet is excessively authorized, the wallet assets can be reduced to zero in an instant.
Every time the market goes up, there are many discussions about FOMO (fear of missing out) buying;
But it is during the downturn that opportunities arise, yet very few people take action after a decline.
The cryptocurrency market has news every day, and there is always the possibility of a sudden crash. Be cautious even when others in the group are giving investment advice,
because only you own your wallet and the market is always eyeing your wallet. Keep your wallet secure at all times.
The above is just my personal opinion and not investment advice.