Thought for the evening
For some time now, I have had a certain thought about cryptocurrencies in my head and in this column I will try to present it, maybe someone will read it and correct me or have a similar way of thinking, I warn you - it will be long, so I'll start from the beginning.
2010
I first heard about Bitcoin at the turn of 2010/2011, I was 17 years old then, during a conversation about finances around the campfire my friend at the time started talking about it, I will add here that these were the times after the collapse of Lehman Brothers and the global crisis of 2008, when economies were starting to return to their rhythm (R. Fuld still without consequences). Przemek said that BTC rose from $1 to $3 and maybe it was a good time to buy it because it has potential and its usefulness is growing, more transactions and anonymous flow of money in the darknet, supply limited in advance, anti-inflationary product, it has to work, to be honest I didn't really understand what he was talking about.
2017
My next encounter with bitcoin was in 2017/2018, a huge boom, an increase in value, an inflated bubble and… a burst.
At that time, we heard a lot about how it was the fault of speculators, the multitude of "street people" who wanted to quickly change their lives in this way, and in the media there were stories about human tragedies, bankruptcies, suicides and problems related to the situation on the market.
I watched with amazement as something that cost $1 a few years ago peaked at around $20,000! The market, like any other, saw many imitators, other crypto projects began to spread and attract the attention of investors, but who would remember all that, many of them disappeared into the oblivion of history and remain there to this day because there is only one King.
As I am a fan of all markets (mainly currencies) and a minor speculator, the ups and downs attract my attention and I started observing the securities. In 2019, more precisely in the spring, I started buying when the trend returned to around $5,000, it was quite difficult for me mentally because I saw with my own eyes how the King fell and it was unlikely that he would rise in full glory, but business is business, if someone wants to sell it to me and I see the potential for profit in it, I would be very happy to, I knew how human greed works, drives the markets, but in the back of my mind I had a vision of the declines from a few months ago, so when the price reached $11,000 just 2 months later, I liquidated the last pieces and cashed in the profit, it worked.
2020
It was a difficult period for all of us and the harvest for the crypto market was incredible. Some time earlier I took a short break from the markets to focus on my life, work in various social organizations and organizing charity events, never mind most. On New Year's Eve ending 2019 and beginning 2020, my then friend Daniel and I naively wished each other volatility in the markets, because "it's boring there" on that memorable night we even made a bet that I would make 100% profit on the market within a year, without using financial leverage and I did it... In less than 80 days. When I was already making 120% of the deposit, the world was sinking into chaos caused by the pandemic, which had driven the prices of everything (except stocks) to astronomical levels, another bull market in the crypto market, I thought, more barriers and levels broken, and in my mind I went back 10 years ago, remembering that #BTC cost only $1 then and $65,000 in 2021. Something that I had 3 years earlier for 5,000 is now 13 times more expensive, I couldn't believe it, another level of abstraction.
2022
I remember this year as a huge outflow of capital and a bear market #BTC at the level of $17,000, it hasn't been this cheap for a long time, I thought, I didn't do anything with it, I didn't see the potential, in my opinion the security is not very interesting, once again the King is on his knees.
2024
The magic barrier of $100,000 has broken, they took it by storm, recently I returned to the market at the urging of my friend Paweł, who talks passionately about new projects (I haven't met a person with such knowledge and involvement in this market for a long time, so as a layman of this market I decided to try my hand at the market again. Another psychological barrier broken with the next level of BTC, other projects also at the top, #TRUMP releases its memecoin and the market... goes crazy. Emotions, emotions and more emotions, I guess that's what drives me to invest, but I also remember that I saw many falls on the markets and those in crypto are from a high level, so remember, there are increases, there will be decreases but no one knows how strong, invest wisely and remember, no matter how many "Crypto Gurus" you know, you take responsibility for your investments because it's your money, invest wisely.
