Saturday, 5am hindi na ako makatulog sa lahat ng iniisip ko kaya nagsulat nalang ako
Hello BitcoinsMeetup community Hello everyone from all the way of 2017.
Kamusta na kayo? Hawak nyo pa ba mga Bitcoins nyo from 2017 and 2018?
Those were really tough and trying times if you played long in holding your Bitcoins for the last 3 years saludo ako sayo.
Seriously hindi ako makatulog the whole night because of how insane Bitcoin has been pumping for the past few weeks and days.
Kung ikaw yung mga na-stress nung bear market of 2018 and 2019 most probably isa dalawa na ito yung ginawa mo Sana hindi mo binenta yung Bitcoin at sinabi mo "Adios, Sayonara, Goodbye.
Sana tinago mo lang at binaon mo lang muna sa limot habang toxic ang market.
So kung isa ka sa mga masugid na Bitcoin investors noon at hindi ka updated ito yung mga nangyari for the past 3 years:
Start nalang tayo sa year 2017
January 1, 2017 - Bitcoin started the year with $1,000 ~ Php50,000
almost a year later Dec 16, 2017 - Bitcoin last bull-run ATH was $19,000 ~ Php950,000 If you invested at the worst price of 2017 kahit papaano 200% increase ka na from that decision.
after almost a year ulit Dec 14, 2018 - Lowest price of last bear market was $3,200 ~ Php160,000 So kung naka tsamba ka dito 12.5 times ng nag multiply ang pera mo as of today.
after almost 2 years from the lowest of 2018 Dec 17, 2020 - Bitcoin broke it's last ATH $21,000 ~ Php1Million
22 days later Jan 9, 2021 - Bitcoin is now $40,000 ~ Php 2Million
Pero syempre mahirap mag-time ng market so let's say nag peso cost averaging ka nalang na bumili sa average rate $10k to $12k per Bitcoin that would at least be 4x of your investment as of today.
para ma visualize nyo ito yung price action ng Bitcoin for the last 3 years
Anong rason bakit biglang nag-karoon ng agressive up-trend at na break ang previous all-time high? 1st possible reason: Additional 200 Billion dollars were printed by the US government
sige print pa more
Anong ibig sabihin nito? Kung may savings ka sa US Dollars definitely lumiit ang value ng savings mo by 10% and definitely mas liliit pa value ng pera more in the years to come dahil tuloy tuloy lang ang money printing ng US government and practically all countries who are follow the international monetary system.
Below is a chart of total US Dollars in circulation, from 1.8 trillion ng April 2020 lang now almost 2.1Trillion na ang nadagdag na printed money ng USD.
How does this affect Bitcoins? Bitcoin is a limited asset supply of 21 Million pieces that will ever be mined. Current circulation ngayon ay 18.5 Million.
2nd reason malupit ang Bitcoin track record for the last 3 years Bitcoin is stronger than ever, the last 3 years of downtrend maraming na prove si Bitcoin sa mundo
At its worst during the last market crash it never went to below $3,200 kahit ang dami nag sasabi pwede mag fall to zero when it was very close to the death cross of 200 moving average.
2. Bitcoin now is stronger than ever with an $83 Billion daily volume
3. Never na hack or na compromise ang blockchain technology for the last 11 years 4. Bitcoin is gaining a lot of popularity as a universal asset class, store of value or the new Gold 2.0.
Kahit sa Zimbabwe marami ng Bitcoin traders that will buy or sell bitcoins for you
baka kaya sila masaya dahil may Bitcoins na sa lahat ng sulok ng Africa 🤣
and of course one of the major reasons din ay yung pandemic.
Because of Covid a lot of businesses are now on a race to re-engineer and reposition themselves in the emerging digital economy
And guess what? Bitcoin's blockchain technology is at the forefront of the entire world's digital transformation and digital payments revolution. Did you know: Kahit na bagsak ang market ng cryptocurrency from 2018 the technological developments around cryptocurrency and decentralized finance (DeFi) continuously grew and never stop. Bitcoin also did well during the recent economic instability in western nations. A lot of US companies and financial institutions now are trying to convert their cash assets to Bitcoin.
Rioting and racial divide are fuelling the economic instability of the world's most powerful country
Why are institutions now shifting their extra cash on Bitcoins? Kasi yung mga cash flow positive at mayayaman na mga companies ay marunong mag panic din. Hindi nila alam kung saan nila pwede invest yung extra cash nila to counter the devaluation of the US Dollars.
As I mentioned before hindi sila pwede mag stay sa US Dollars lang dahil unti unti bumababa ang value ng dollars because of aggressive continuous money printing by the US government.
Grabe papel lang talaga ang pera, madali iprint anytime
So itong mga companies na ito that have extra dollar assets are looking for a way to invest away from cash. Pre-covid they'll just buy capital and derivative markets pero hindi parin safe pera nila dun dahil uncertain ang future ng economic market dahil sa instability ng mga riots and pandemic. Kung i-diversify nila ang money nila sa stocks ng ibang countries ganun din wala silang mapuntahan dahil lahat ngayon damay damay sa economic downturn due to the pandemic. The last remaining asset is Gold, but unfortunately Gold just returned to its all time high from 2012 and didn't do well for the past months compared to Bitcoin.
10 year chart of Gold
Now what's the last remaining safe haven of store of value?
Syempre Bitcoin! 😎
Biased ba ako? Siguro kasi ang title ng website ay Bitcoins Meetup so siguro baka biased nga ako. 🤣 Kaya let's just focus on facts para neutral tayo Bitcoin has been featured as the investment of the Decade Kahit yung mga skeptics laglag panga sa rise in dominance at resilience ni Bitcoin for the last 3 years.
Pero syempre sasabihin mo wala namang makaka-hula na si Bitcoin ay magiging 2Million pesos noong 2009 eh. Well tama ka naman, iilang mga tao lang ang naintindihan ang future potential ng Bitcoin na rinespeto nila yung value nito at tinago until today. Pero as early as 2013 marami na ako personally na encounter na mga youtube videos and articles na sinasabi ang future ng Bitcoin and why you should make it part of your investment portfolio.
Noong 2013 Bitcoin is only around $100 to $600 dollars each but a lot of respected people in technology, economics and finance were already giving signals on the upcoming importance of Bitcoin to humanity for years to come
Mga youtube video 5 to 9 years ago
So saan ba papunta ang Bitcoins in the future?
Tanong: Tataas ba ito next month? Sagot: Hindi ko alam
Tanong: Pababa ba ito next month? Sagot: Hindi ko alam
Eh ano ba ang alam mo? Hindi ko alam ang short term, pero the long-term is definitely big for Bitcoin. If you spend your whole day studying about Bitcoin a lot of respected people are forecasting this to easily hit $200k, $400k and even beyond $1Million dollars per bitcoin in the 2,5 or 10 years in the future.
Below are just my personal opinion of Bitcoin's future. 1. Bitcoin will represent the entire cryptocurrency asset class for the next 10, 20, 50 years and beyond 2. Blockchain, cryptocurrency and decentralized technology will be the future technology backbone of the world economy. 3. Bitcoin will be secured by decentralized financial institutions, decentralized platforms as an asset class to wrap their tokens and smart contracts with.
Money affects every living soul on this planet The money market produced the following products: capital markets and the entire derivatives market and without money to being with there is no money market. Now imagine the future potential of Bitcoin and the rest of crypto market as the new form of money of the world. Check out the addressable market of Bitcoin below Sorry 2017 lang itong chart, madali maintindihan yung visualization ng addressable market ng Bitcoin at ng buong crypto market.
There are so many technologies being developed now in the crypto space that is focused in the derivates market alone. Did you know that the global derivatives alone is valued at 1 Quadrillion Dollars that is 1,000,000,000,000,000. Not million, not billion, not trillion but quadrillion of dollars. Below data is in billion dollars, data from May 2020
As of today January 9, 2021 the Market Cap of Bitcoin and total crypto market is $750 and $1T respectively so definitely there so so much more room to grow for Bitcoins and the entire crypto industry.
So what is the future price of Bitcoin months from now? Again hindi ko alam. 😅
langya ka ang dami mong sinabi hindi mo pala alam! 🤦🏻♀️
The main reason na nag share ako ng lahat ng ito kasi marami ang nag-tatanong sa akin about Bitcoins at kung dapat ba sila mag-invest at kung magkano ang dapat bilhin. At ang sagot ko palagi ay hindi ko alam. Nag kkwento ako ng most probable things na pwede mangyari in the future of world finance and how Bitcoin and cryptocurrencies will most probably disrupt it.
Pero kung kailan mangyari lahat ito no one knows.
Kaya I always tell them to follow a few simple investing principles so they could just keep things simple and stay disciplined. 1. Do not time the market Malaki ang pagsisi ko noong 2018-2019 market crash na sana bili nalang ako ng bili nung 6k at 7k pero hindi ako bumili kasi im always wishing na sana bumaba ng 4k.
Pero naalala ko rin noon nung 4k ayaw ko rin buimili kasi gusto ko bumaba ng 3k and looking back lahat ng price from 4-12k na ang tagal from 2018-2020 I didn't make the most out of it.
2. Do not invest if you do not understand the future value of Bitcoin to humanity. Personally during the ups and downs of Bitcoin of 2018 I never lost faith not even once na hindi makakabalik si Bitcoin sa All time high and I truly believe that Bitcoin a decade from now will easily be valued at $1Million. Pero marami din ako kakilala na nag invest lang out of hype kaya nung market crash bentahan sila lahat kasi they have no understanding of Bitcoin's fundamentals.
3. Do not invest money you cannot afford to lose Please please please wag nyo invest ang pera na kailangan nyo short term because Bitcoin can easily go down nd sideways for months or even years. 4. When you invest, keep it highly secured and forget about it When you invest isipin nyo parang pagkain lang or damit na nabili, hindi na ulit ito babalik sa bulsa nyo. The same goes with long-term investing, wag kayo mag invest tapos pang gigilan nyo na gusto nyo na gastusin. If ever you'll be forced to use it for some emergency reasons, magtabi lang kayo kahit gaano kaliit kasi who knows what the multiplier effect will be in the future.
"Don't zero your crypto investments, because 1Million times zero is ZERO!!!"
Baka iniisip mo pa yung multiplication ng zero. Kung nabenta mo na lahat ng crypto mo noon wala na talaga 🤣😝
5. Keep your Bitcoins in a wallet with private keys. Ano ang private keys? Well, mahaba na itong sulat ko reasearch nyo nalang muna I'll post about wallets, private keys and seed passwords on my next article. Make sure to research everything that is to know about the wallet you will choose. Personally I use Trust Wallet for mobile wallet, Electrum for my cold storage and Ledger as my hardware wallet. Lahat sila may iba ibang purpose para sa akin. 6. Do not convince other people to invest on something they do not understand. Wag na wag na wag nyo hikayatin ang mga tao pag hindi nila naintindihan. Marami ng napasubo dyan, nasirang relasyon at napahamak. There are a lot of people who are very close to me na walang Bitcoin investment kasi hindi ko pinilit ang idea sa kanila pag hindi sila interesado.
kasi pag nag spaghetting pababa ang Bitcoin ikaw ang aawayin nila araw araw Dahil hindi naman talaga nila naintindihan in the first place. Diba? 😅
7. Do not be GREEDY!!! Last but not the least wag na wag na wag kayo mangu-ngutang, o kaya ipapahamak ang sarili nyo sa mga investment schemes.
kasi siguradong darating yung nag pautang, pero yung "gainz" nyo kay Bitcoin hindi sigurado kung kailan darating.
Anyway yung simpleng kamusta sa taas napa haba na pala. If you are one of the few who have been following us since 2017 shout-out naman kayo mag papa Bitcoin giveaway ulit kami. Kung bago ka lang at umabot ka rin dito say hi narin mabait at friendly po kami lahat. I apologize for not being active for so long, I've been busy with other matters din pero kahit tahimik lang tayo I kept my faith in investing with Bitcoins nung time na lahat sinukuan na. So anyways maraming pang article ang lalabas. I hope we can all stay active this time, there's so much to learn about Bitcoin, other crypto currencies at lalo na yung DeFi and staking. Sobrang exciting lahat ng nangyayari ngayon sa crypto space kaya hindi ako makatulog sa dami ng projects na pwede magawa so buong crypto verse. We have an upcoming weekly newsletter subscribe pala kayo, weekly po iyon, no spams all valuable info lang. Follow us on facebook at instagram para maka receive ng mga quick updates about Bitcoin and the entire crypto market Join din kayo sa upcomining BitcoinsMeetup FB group para makapag post din kayo ng tokens nyo for P2P trading at makapag online training din lalo na sa mga newbies. Mahaba na talaga ito, bye na muna for now, naramdaman ko na ang antok ko hahahaha 😴💤