Bitcoin breaks through $45,800, annual increase exceeds 172%

HEht...Y33V

18 Jan 2024

At the beginning of 2024, the price of Bitcoin exceeded $45,800, with a single-day increase of 8 points, returning to the price level in April 2022.
Compared with the downturn and layoffs in other industries, the encryption market in 2023 has been on the rise. It was US$16,800 at the beginning of last year, with an annual increase of more than 172%.
Bitcoin $45,800
If you buy it at the beginning of last year, you can still make money, but only if you buy it, very few people will perform the buying operation.
There are other stocks in the market that have increased more than BTC, such as Mingwen, which made a small number of people rich and trapped most people; the Mingwen market is not over yet, and whether it will continue to explode remains to be seen by the market reaction.
The price of SOL at the beginning of 2023 was US$10, and today it is US$114, an increase of 10.4 times. These are all the wealth codes for 2023, but only a few people can grasp them.
How will your income be in 2023? It’s time to summarize and look forward to it again.
BTC 2023 Annual Trend
Some people will be fruitful in 2023.
I have seen on social media that many people have become rich and cashed out their inscriptions, some making millions and some tens of millions. Of course, they are all screenshots of digital balances, and there is no way to verify them.
But looking at the increase in inscriptions on the chain, there are indeed lucky people who seize the opportunity.
The first Bitcoin inscription was deployed and minted in March 2023. It ushered in a brief climax in May, and then slumped all the way. Only insiders continued to pay attention. After rising and falling, it exploded in November.
BRC20 can cost tens of thousands of dollars from fairmint, and those who hold it can get tens of thousands of times the profit. There is a steady stream of latecomers, but the wealth code has been diluted. If the wind of inscriptions blows again, it may be another opportunity.
When playing with spot BTC, those who bought at 16k also doubled to 48k. The market belongs to those who dare to invest and can wait.
Various other cryptocurrencies have experienced varying degrees of increase. Inadvertently, they have all increased more than 2 times since the beginning of the year.
A player’s income from inscription sats
Some people will be heavily in debt in 2023.
Of course, some people make money and some people lose money, and most of the contract players return to zero.
People who are short Bitcoin cannot follow the trend and eventually liquidate their positions and leave the market. The general trend is upward and the direction of the fluctuations cannot be grasped.
There is also the popular TRB a few days ago. 95% of the chips are concentrated in 20 whale wallets. The market is manipulated and rises and falls at will.
It can rise from 250 to 620 in an hour, and then dive to 120 immediately. The market rises and falls at will. Whether you open long or short, you cannot avoid liquidation.
Someone made $100,000 one hour, and then lost another $200,000 the next hour, just in an instant.
The final result of playing with contracts is to lose money. No one can overcome the weakness of human nature. It is impossible to stop profit when you win and stop loss when you lose. In the end, you will be ruthlessly liquidated.
TRB contract orders
In addition to huge losses on the contract, there is also the risk of wallet being stolen.
The inscription has made more people pay attention to the web3 wallet. However, downloading and using the wallet, and saving the mnemonic phrase may accidentally be stolen or hacked, and the wallet will be reset to zero.
The balance I had worked so hard to save over the past year dropped to zero overnight.
The market always has some people happy and some sad, and many people make profits and losses.
Top 29 token gains in 2023
2024 has arrived, and it is impossible to predict the trend of this year. Those who stay in the market continue to invest and pay attention to the market; those who leave the market will either make a profit or leave the market with a loss.
There’s no way to repeat last year’s profits and losses, but you can seize the moment.
The crypto market is an opportunity for ordinary people to change. It does not rely on ability, relationships, or background. It is an opportunity of the times.
Of course, risks and returns coexist, understand the market and respect the market.
The above is just my personal opinion, no investment advice. I’m CryptoLola and I follow the crypto market and web3.

Bitcoin
Cryptocurrency
Brc20

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