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Meanwhile, long-term holders (HODLers) remain unfazed by potential dips, choosing instead to accumulate more Bitcoin. As history has shown, BTC will eventually set a new all-time high.
Maybe I'm one of those Holders out there that are still unfazed despite of the price of Bitcoin going down. As for the new all-time high, history has shown that it has been, but the question is, will it happen again this year? Just last year, we saw Bitcoin reaching new ATH weeks before the Bitcoin halving event - something that hasn't happen in the history of Bitcoin. Will we see something different again this year? There could be some factors, but let's see how will it perform this year where many believe that the market will be bullish.
At the same time, some traders are staking their BTC - not necessarily to earn more Bitcoin, but to receive other tokens. This can be a strategic advantage, especially ahead of the anticipated bull run.
Despite market fluctuations, Bitcoin offers multiple earning opportunities. Which strategy do you prefer - Futures, Spot, or Staking? Share your thoughts!
Right now, there's only one way to earn from Bitcoin, and that is through staking on Centralized exchanges.
The question is, is it worth it to store your assets on these exchanges? Is the reward enough for you knowing that the risk of the exchange getting hacked is high. We just saw it happened on Bybit, and it can happen on other CEXes as well ANYTIME. As for what I'm doing with my Bitcoin, I'm only holding it.