Quote from: Abiky on January 10, 2023, 11:30:04 AM

Quote from: Fivestar4everMVP on December 26, 2022, 04:48:05 PM

We all know that 2022 has not been friendly to the cryptocurrency market, Bitcoin, being the top ranked lost over 60 percent from its all time high value.
Many altcoins have also lost more than half the value they had in 2021, the several occurrences in the cryptocurrency industry caused several bloodbath we experienced in most parts of the year 2022.

But I am optimistic concerning 2023, I foresee a major breakout for Bitcoin and several other top altcoins, and some new altcoins that are really promising..

And speaking of new altcoins, ive been investing in Renec in preparation for 2023, Renec blockchain is one of the best projects I've found so far, the project was fully launched in October 2022, since then, usage and activities on the Renec blockchain has been increasing day after after, it's one project I wouldn't want any body to miss, so I urge you all to check it, you can start your research by joining their community on discord - https://discord.gg/Vw9ykjAWGh

So, how are you preparing for 2023, what or which altcoin are you buying in preparation for 2023?

It's 2023 already, and crypto is still experiencing a bloodbath in market prices. In these tough times, it's recommended to just keep buying and holding prominent coins for long term profits. That is if you have extra money to spare. I've been focusing on accumulating as much BTC and ETH as I can to prepare myself for the next bull market. I know there's a possibility market prices will continue to decline, especially when central banks will keep raising interest rates (mainly The FED). But that won't matter if you look into what's at stake for crypto in the future.

Despite the recent turmoil, banks and companies haven't lost their interest in crypto/Blockchain tech. They're still investing heavily into this emerging technology as they know it's the way of the future. Many weak hands are selling due to FUD (Fear, Uncertainty, Doubt), but what's important is that you don't sell no matter what. Who knows if you'll be the one laughing at the end when crypto takes over the world (especially Bitcoin) as the standard unit of account? Just my opinion

Would you say the market is now in recovery or potential bull trap? I see you mentioned btc, wouldn't you oppose btc as a form of payment due to easily tracked via blockchain? Thanks for any help,