It’s okay if maybe you’re a little concerned, me too— this space can be confusing.

Let’s break it down into simple terms to help you understand what’s happening.

Imagine you’re planning a bake sale. You’ve baked some amazing cookies, everyone loves them, and you expect them to sell quickly. Well, what if suddenly, other families brought a ton of extra cookies too? Now there’s an abundance of supply.

According to the law of demand, when there’s more of something available (like cookies!), the price might go down a bit, right? That’s kind of what’s happening in the cryptocurrency world right now.

Why the Dip?

Two major events are contributing to the recent price drop:

• Mt. Gox Resurrection: Remember Mt. Gox? It was a big online marketplace for buying and selling crypto, like a virtual bakery that shut down years ago. Well, they’re finally giving back the Bitcoin people bought from them back then. The concern is that this influx of new Bitcoin on the market could push the price down, similar to having an abundance of cookies at the bake sale.

The Mt. Gox collapse in 2014 was a defining moment for me. It was the year I first discovered Bitcoin, and then the whole exchange vanished and so as my interest in cryptocurrency.

• Germany’s Seized Bitcoin: Picture the police confiscating a huge batch of illegally sold cookies. That’s kind of what happened with Germany and some Bitcoin involved in suspicious activity. The worry is that they might be selling this seized Bitcoin soon, adding more to the market and potentially lowering the price.

What This Means for You and Me:

The world of cryptocurrency is still young, and price fluctuations are normal. This dip could be temporary, just like grocery prices going up and down.

Here are some key takeaways:

• Don’t Panic Sell: Unless you need the money urgently, it’s usually better to hold on and see how things unfold.
• Long-Term Focus: Cryptocurrency technology is still evolving. It might take some time for things to stabilize. If you’re invested for the long haul, this dip might not be a major concern.
• Stay Informed: Do your research and keep yourself updated on the latest developments in the crypto world.

Buying the Dip: A Word of Caution

Some people see dips as opportunities to buy crypto at a discount, hoping the price will rebound later. This strategy, called “buying the dip,” can be risky. There’s no guarantee the price will go back up, and you could lose money.

Here are some things to consider before buying the dip:

• Do you have a long-term investment plan? Crypto is volatile, so be prepared to hold onto your investment for a while.
• Can you afford to lose money? Only invest what you can afford to lose.
• Do your research! Understand the risks involved with cryptocurrency before investing.

The Bottom Line:

The dip might cause some jitters, but it’s not the end of the world. By understanding the reasons and staying informed, you can make smart decisions about your crypto investments. Remember, even the best cookies go on sale sometimes! Now go grab yourself a treat and relax — you’ve got this, mama!

If you are reading this, chances are you are a begginer interested to learn about crypto. Probably you are a mom like me looking for ways to make money when you are at home looking after the children. We have something in common, aren’t we?

Cryptocurrency isn’t just making waves globally; it’s also making a splash right here in the Philippines. A few local platforms are making it super easy for us Filipinos to get started.

Today, we’re going to chat about three big names — Coins.ph, Maya (you might know it as PayMaya), and GCash. We’ll look at what they offer, how much they charge, and how easy they are to use.

Whether you want to invest, trade, or just use crypto for buying stuff online, getting to know these platforms will help you make smart choices.

Coins.ph

Advantages:

• Regulated Services: Coins.ph operates under the regulation of the Bangko Sentral ng Pilipinas (BSP), ensuring a secure environment for your transactions.
• Wide Range of Services: Apart from buying and selling cryptocurrencies, you can use Coins.ph for bill payments, remittances, and mobile top-ups using crypto.

Fees:

• Coins.ph charges a variable fee for buying and selling cryptocurrencies, usually around 1% to 2.5%, depending on the transaction size and market conditions. Cash-in fees may apply depending on the method used, though some are free.

Convenience:

• Account Setup: Setting up an account is straightforward, requiring only a mobile number or email. Verification is necessary for higher transaction limits.
• Deposits and Withdrawals: You can deposit fiat currency through over-the-counter outlets, online banking, and even convenience stores. Withdrawing funds is just as easy, with options to transfer directly to a bank account or pick up cash at numerous locations across the country.

Maya

Advantages:

• Integration with Traditional Finance: Maya allows seamless integration of crypto transactions alongside regular financial services.
• User-Friendly Interface: The app provides an easy-to-navigate interface, suitable for beginners.

Fees:

• Maya typically imposes a spread on the buy and sell price of cryptocurrencies, with additional fees depending on the funding or withdrawal methods chosen.

Convenience:

• Account Setup:It also requires identity verification.
• Deposits and Withdrawals: You can top up your Maya wallet through bank transfers, debit cards, or at various physical locations. Withdrawals can be processed through ATMs or bank transfers.

GCash

Advantages:

• Broad Accessibility: GCash is widely used across the Philippines for a variety of services, and its foray into crypto means you can manage both traditional and digital currencies in one app.
• Safety and Security: Backed by Globe Telecom, one of the largest telecom companies in the Philippines, GCash promises robust security measures.

Fees:

• While GCash has announced plans to integrate crypto services, specific details on the fees for buying and selling cryptocurrencies are yet to be fully disclosed. Typically, GCash does not charge for cash-ins but may have fees for bank transfers.

Convenience:

• Account Setup: Easy and quick, requiring only a Philippine mobile number. Verification is needed for full functionality.
• Deposits and Withdrawals: GCash supports numerous cash-in options, including bank transfers and cash deposits at partner outlets. Withdrawals can be made directly to a bank account or withdrawn as cash from ATMs.

Wrapping Up

I personally use Coins.ph because it’s so easy to buy and sell coins on their platform. I can easily convert my crypto to pesos anytime I need to. One drawback is when they go offline for maintenance purposes; it gives me the feeling that my funds have been wiped out (paranoid-much).

Coins.ph offers a wide variety of cryptocurrencies for trading, unlike Maya and GCash, which have a very limited selection.

I tried Maya for a bit, but I find the fees higher compared to Coins.ph, and their customer service is a turn-off (well that was last year I’m not sure how they’re doing now).

Whether you’re a seasoned trader or a newcomer curious about cryptocurrencies, the platforms of Coins.ph, Maya, and GCash offer a gateway to the exciting world of crypto with the ease of traditional financial services. Each has its own strengths and nuances, so consider your specific needs when choosing the right platform for you.

Curious about how these platforms could fit into your investment strategy or have experiences to share? Let’s dive into the discussion below!

Please forgive my recent absence, as I have been thoroughly captivated by the latest season of Bridgerton! Lol! Have you finished binge-watching it too? I hope so, it’s really binge-worthy.

So, what did we miss in the crypto world? I think the biggest news in May was the approval of the Ethereum ETF in the US. Like me, you must have been asking, “So, what’s in it for me?” Here’s why the approval of an Ethereum ETF is good news for us beginners, even if it’s only applicable in the US.

But first, let’s talk about ETFs. ETF stands for Exchange-Traded Fund. The approval of an Ethereum ETF means you can now buy Ethereum much like you would buy stocks.

You don’t need to use digital wallets or crypto exchanges. Instead, you can invest through a regular brokerage account you might already use for stocks. This ETF follows Ethereum’s price, letting you benefit from its potential growth without the hassle of managing the actual cryptocurrency.

Why Ethereum ETFs Are Great for Beginners Learning Crypto?

1. Simplified Investment Process: Investing in an Ethereum ETF is as straightforward as buying stocks. This simplicity is ideal for anyone who wants to get into the crypto market without learning all the technical details of cryptocurrency trading.

2. Reduced Risk Through Regulation: Ethereum ETFs are regulated by financial authorities, which means they meet certain safety standards. This reduces risks like fraud, making your investment safer than buying cryptocurrencies directly.

3. Financial Diversification: An Ethereum ETF allows you to diversify your investments, adding a mix of cryptocurrency alongside traditional investments like stocks and bonds. This diversification helps protect your portfolio from big swings in any single market.

4. Leverage Growth Potential: Ethereum is a leader in blockchain technology, which is expected to grow significantly. By investing in an Ethereum ETF, you can benefit from Ethereum’s growth potential without the risk of directly buying and holding the cryptocurrency.

5. Educational Advantage: Investing in an Ethereum ETF also helps you learn about the blockchain and crypto market in a safer, regulated environment. This knowledge can be a powerful tool in making informed investment decisions in the future.

As we in the Philippines watch these developments from afar, it’s exciting to consider how global trends might eventually influence our local markets. Whether you’re saving for the future, planning for your family’s needs, or just looking to expand your investment knowledge, Ethereum ETFs could be worth keeping an eye on.

Ready to explore how you might integrate Ethereum ETFs into your investment strategy, or want to share your thoughts on the latest season of Bridgerton? Let’s keep the conversation going in the comments below!

Do you feel it too? Left out?

But you know what, all the powerful people in the crypto world say otherwise. They consistently insist that it’s not too late — in fact, we’re very early. So, I did some research to see why they say that. I looked for data that convinced me we are indeed early in the crypto game. Read on and thank me later.

A Little Perspective Goes a Long Way

The Bigger Picture:

Did you know that despite all the buzz, the total market cap of all cryptocurrencies recently hit $2 trillion? I know that sounds like a lot, but when you compare it to the global stock market, which is around $100 trillion, it looks like crypto still has plenty of room to grow. We’re really just getting started here!

Let’s pause for a bit and explore why we’re comparing the crypto market cap to the global stock market. This comparison shows that despite rapid growth and increasing mainstream attention, the cryptocurrency market is still relatively small compared to more established markets. This suggests that there might still be significant room for growth and development in the crypto space.

$2 trillion dollars is a far cry from $100 trillion, right?

What the Experts Are Saying

Vitalik Buterin — The Brain Behind Ethereum

• His Take: “Crypto is not just a toy anymore.”
• What He Means: When the guy who helped kickstart the whole Ethereum network says something like this, he’s not just making small talk. He’s seen crypto grow from a geeky hobby to a serious financial player. If Vitalik thinks we’re just getting started, he’s probably onto something.

Cathie Wood — The Investment Guru

• Her Words: “The financial world is moving from physical to digital.”
• Translation: Cathie Wood, the powerhouse behind ARK Invest, is all in on digital currencies. She’s convinced that what we’re seeing is just the beginning of how digital currencies will reshape finance. If she’s betting on crypto, there’s a good chance she’s right.

Michael Saylor — The Big-Time Believer

• His View: “Bitcoin is digital gold.”
• The Scoop: Saylor’s company, MicroStrategy, owns billions in Bitcoin. He compares Bitcoin to gold because he sees it as a long-term store of value. That’s a big nod to Bitcoin’s staying power.

Real People, Real Stories

A Quick Story:

Think about someone who bought $1,000 worth of Bitcoin back in 2015. That investment would be worth a fortune today! And it’s not just the early birds who’ve seen great returns. Even those who bought during the high times in 2017 have doubled or even tripled their money by now.

The Stats Don’t Lie

Why There’s Still Time: According to a survey by the Global Blockchain Council, less than 10% of people in major economies own any cryptocurrency.

That’s hardly what you’d call “crowded.”

Adoption is on the rise, too. Big names like PayPal and Square are making it easier than ever to buy and use crypto, which is a good sign that there’s more growth to come.

Wrapping It Up

So, is it too late to get into crypto? Absolutely not! We’re witnessing the evolution of money, and there’s still plenty of time to get involved. Whether you want to make a small investment or just start learning, the crypto world welcomes you. So, why not start depositing that $20 every 15th and 30th into your crypto wallet and see where it takes you?

As usual, message me anytime and I’ll answer whenever I can!

You probably know that being “bullish” is when everyone’s betting on prices to soar, and “bearish” is pretty much the mood when everyone’s bracing for a dip. But have you ever wondered why we use these particular animal terms to describe market trends? I’m curious so I thought I look into this quirky origins of these phrases

Origins of “Bullish” and “Bearish”

Bullish:

The term “bullish” comes from the bull, which represents optimism and confidence. When bulls fight, they thrust their horns upward, symbolizing rising market prices. More like this photo below:

In the crypto world, when investors are “bullish,” they believe that the market or specific cryptocurrencies will rise, leading to an overall optimistic outlook.

For example, we all know Elon Musk supports Dogecoin so when Elon Musk tweets positively about Dogecoin, it typically sends a wave of bullish energy through the market, prompting more purchases. Like his tweet in 2021, which led to Dogecoin’s price quadrupling within 24 hours, pushing it to new record highs above $0.40. Additionally, Dogecoin peaked above $0.70 on May 8, following Musk’s numerous references to it during his appearance as the host of “Saturday Night Live”​ (NewsBTC)​. This illustrates the substantial influence Musk’s tweets have on the valuation of the cryptocurrency, especially when associated with high-profile events or direct endorsements.

Bearish:

Conversely, “bearish” stems from the bear, symbolizing caution or pessimism. Bears swipe down with their paws, which parallels the downward trend in market prices. If investors are “bearish,” they expect that the market will decline and are generally cautious. This sentiment can lead to selling off investments out of fear that their value will decrease.

Why Does This Matter?

Understanding if the mood is bullish or bearish can really help you navigate the crypto waters, whether you’re planning to invest or just curious about the market dynamics. It’s super important because, let’s face it, the world of cryptocurrency can be like a wild rollercoaster — thrilling but unpredictable.

• For Crypto Traders and Investors: Getting a sense of whether the market feels bullish or bearish helps you figure out the best times to buy or sell. You wouldn’t want to jump in when everyone’s getting out, right?
• For the Crypto-Curious: It’s fascinating to see how big personalities like Elon Musk can sway the market with just a tweet or a TV appearance. It shows how closely tech and media are intertwined with financial markets today.

Wrapping It Up

Whether you’re actively trading, thinking about dipping your toes into crypto, or just here for the spectacle, knowing these terms — bullish and bearish — helps you understand what’s driving all those market changes. And while it’s exciting to watch these sentiments play out, especially with celebrities stirring the pot, remember that it’s smart to approach your investment decisions with caution and plenty of research.

So, next time someone drops “bullish” or “bearish” in conversation, you’ll not only know what they mean but also how these terms got started. Isn’t it cool how a bit of history can shed so much light on today’s trends? Let me know your thoughts or any questions you might have. Let’s keep learning together!

Honestly, I’ve chatted about crypto countless times, but Web 3.0? That’s something I realized I knew the name of but couldn’t quite explain as smoothly. So, I did a bit of digging to really get to grips with it, and I thought, why not share this in plain speak, just like I’d explain it to a friend?

Breaking Down the Web Versions

Let’s start with a super quick history. The internet hasn’t always been the same. It’s grown up in stages, kinda like how we do.

Web 1.0: The Baby Photos

• Web 1.0 was mostly read-only, meaning all you could do was look at information. No likes, no shares, just lots of browsing.

Web 2.0: Teenage Years

• Then came Web 2.0, like the internet’s teen phase. It got social and started interacting! This is the internet most of us use today, where we can comment, like, and upload our own stuff. It’s all about sharing and connecting on platforms like Facebook, YouTube, and Twitter.

Web 3.0: Adulting

• Now, Web 3.0 is like the grown-up stage, thinking about bigger responsibilities — how to be more secure, smart, and make good choices for the future. It’s about taking control and not relying on big companies to hold all our data. Plus, it uses some really smart tech to make things easier and safer for us.

What’s So Cool About Web 3.0?

Imagine if your computer or smartphone could understand you almost as well as a human would. That’s one part of Web 3.0. And you know how sometimes companies control too much of our online lives? Web 3.0 is working on spreading that control out, so no single company can call all the shots.

Privacy and Control: You get more say over your own info and who gets to see it.

Example: In Web 3.0, using blockchain technology, you might use a decentralized social network where you control access to your posts. Unlike traditional social platforms where the platform owns your data, here you could grant or revoke permissions to your data as you see fit. For instance, you could use a digital identity wallet that lets you share only the information necessary for a transaction — like proving your age to a bar without showing your actual birthdate or address.

Smart Tech: Uses stuff like AI to make searching and browsing better.

Example: Imagine a Web 3.0 application that personalizes your news feed not by tracking your every click (like current algorithms) but by understanding the context and content you engage with, using natural language processing. This AI could help suggest articles that are not just popular but truly relevant to your interests, all while maintaining your privacy.

Everyone Has a Voice: It’s not just the big players that have control; everyone gets to play the game.

Example: Web 3.0 democratizes the creation and monetization of content. For instance, a decentralized video platform powered by blockchain allows content creators to get paid directly through tokens based on viewer engagement and votes, without a central authority taking a large cut. This system can ensure smaller content creators have the same opportunity to earn from their work as more established creators, promoting a more level playing field.

These examples highlight how Web 3.0 technologies could significantly impact everyday online experiences by enhancing user autonomy, utilizing advanced technologies for better personalization, and democratizing access and control across digital platforms.

Why Does This Matter to You and Me?

Because it’s about making the internet smarter, safer, and fairer for everyone. If you’re using online banking, shopping, or just scrolling through social media, these changes are going to make things better and safer.

Join the Conversation!

Got thoughts on Web 3.0? Still scratching your head about what it’s all about? Drop a comment below, or send me a message. I’m all ears and always up for chatting about these techie tidbits.

Gold versus Bitcoin. Why are these two distinctly different assets so often linked together? Many of my favorite YouTube crypto personalities frequently draw comparisons between Bitcoin and gold.

Admittedly, I haven’t fully grasped the reason behind this, so I thought it would be great to explore this topic in today’s blog post. To help us dive deeper, I’ll be bringing insights from some of the leading voices in the cryptocurrency space, such as Raoul Pal, who is one of my favorite crypto advocates.

Gold and Bitcoin: Why Do People Compare Them?

Gold has been a favorite way to store wealth for a really long time — think of your gold earrings, necklace, or bracelet. It’s something you can actually touch and hold. People have always seen gold as a safe option during tough times, like when prices go up (that’s inflation) or when money doesn’t go as far as it used to (currency devaluation).

Now, what about Bitcoin? Bitcoin came around in 2008, right after a big financial mess. It’s often called “digital gold,” which sounds cool but what does it mean? Well, like gold, Bitcoin is something people think of as a safe place to keep their money, but it’s all digital. You can divide it up, send it across the world quickly, and you don’t need a bank in the middle making things complicated.

Raoul Pal Talks About Bitcoin Being Awesome

One of the big cheerleaders for Bitcoin is a guy named Raoul Pal. He thinks Bitcoin is not just cool but revolutionary — like how email changed the way we send letters. Raoul says Bitcoin is trustworthy, runs without any central control, and there’s only a limited amount of it, just like there’s only so much gold in the world.

What’s In It for Us Regular Folks?

Both gold and Bitcoin offer a way to protect our money if things get shaky economically. Gold is stable and reliable — you can hold it in your hand, give it as a gift, or sell it. Everyone everywhere agrees it has value.

Bitcoin is a bit different. It offers a kind of freedom because it doesn’t rely on regular banks or governments. It has the potential to grow quickly in value, and being part of Bitcoin feels like you’re on the cutting edge of something big, something that could change how we all think about and use money.

Why Do We Even Compare These Two?

Comparing gold and Bitcoin helps us see how we can keep our money safe in different ways. Gold is like the wise old grandparent — always dependable. Bitcoin is like the new tech-savvy kid on the block — exciting and full of potential.

Imagine it’s your birthday and your parents ask you if you want a gold necklace or $100 in Bitcoin on a cool app. Which would you choose? That choice can say a lot about what kind of safety and adventure you want in your financial life.

Wrapping It Up

Whether you prefer the solid feel of gold or the exciting potential of Bitcoin, understanding both can help you make smart choices with your money. As we learn more together, remember, there are no silly questions here. So, what’s on your mind about gold and Bitcoin? Drop a comment below or shoot me a message — I love chatting about this stuff and can’t wait to hear from you!

Just a couple of days ago, I faced a tough moment after purchasing $400 worth of Pepe when BTC dipped to $67K. At that point, I thought that was the lowest it would get and it was poised to rebound. (It was also the day I read LB’s Facebook post about spending his P500K buying altcoins.)

Fast forward to today, with BTC down to $61K, and the value of Pepe also dropped significantly.

This was quite the wake-up call and a perfect moment to dive deeper into why I chose DCA and why it might just be the lifesaver for small investors like us during such turbulent times.

What Is Dollar-Cost Averaging?

Dollar-Cost Averaging (DCA) is an investment strategy that might seem counterintuitive in a landscape where people often try to time the market for the perfect buy-in point. DCA involves investing a fixed amount of money into a particular asset at regular intervals, regardless of the asset’s price at the time. This could mean buying $20 of Bitcoin bi-monthly, come rain or shine in market conditions.

Let me try to explain it this way: Imagine you have a piggy bank where you put $20 every 15th and 30th of the month, no matter what. You use this money to buy pieces of a special kind of money called Bitcoin. The price of Bitcoin changes every day — sometimes it’s high, sometimes it’s low.

When Bitcoin’s price is high, your $20 buys you a little bit of Bitcoin, like a small piece of a cake. But when it’s low, the same $20 gets you a bigger piece, like a big slice of cake because it’s on sale.

By putting in money regularly, you don’t worry about the price going up and down. This way, you end up paying an average price over time, which can help you not worry too much about the right time to buy, especially when big changes like the “halving” are happening.

Why Dollar-Cost Averaging?

Dollar-Cost Averaging (DCA) simplifies the investing process by automating purchases. It involves investing a fixed amount of money into a particular asset at regular intervals, regardless of the asset’s price at the time. This method helps mitigate the risk of market fluctuations affecting your investment significantly.

The Beauty of DCA

• Simplicity and Peace of Mind: As someone managing family and finances, the simplicity of DCA is a godsend. By sticking to my plan of investing $20 twice a month, I reduce the need to predict the market’s highs and lows — a near-impossible task even for the pros.
• Risk Reduction: With recent market drops, I was reminded of the value of not putting all your eggs in one basket at once. Spreading out purchases helps in reducing the impact of unfortunate timing, like my recent buy just before a dip.
• Emotional Stability: Let’s face it; the crypto market can be a rollercoaster. DCA helps in keeping a level head by removing the emotional stress of decision-making in volatile times.

Learning from Experience

This strategy came into play recently when the market took a dip right after I had bought a larger amount of crypto. Although seeing the market plummet right after investing a significant sum can be disheartening, having a DCA plan in place reassured me that I was still on track. It’s about long-term gains, and these regular, smaller investments will average out over time, hopefully smoothing out the peaks and troughs of market volatility.

Going Forward with DCA

The recent market fluctuation has only strengthened my belief in the power of DCA. It’s a testament to why it’s favored by both seasoned investors and beginners. I plan to continue with my $20 bi-monthly investments, adjusting as needed based on future learning and changes in my financial landscape.

Wrap-Up

Navigating crypto investments as a mom and a seasoned participant in this space can be daunting, but it’s strategies like DCA that empower us to keep moving forward. If you’re feeling overwhelmed by market swings or looking for a manageable way to invest in crypto, consider setting up a similar DCA plan.

Let’s keep learning and growing together. If you have questions or want to share your experiences with DCA, drop a comment below.

Personally, I’m filled with both excitement and curiosity. Will this event catapult our holdings to new heights? Could my $1,000 portfolio double or even quintuple post-halving?

This very thought is the birth of this blog post. LOL!

What is Bitcoin Halving?

Firstly, let’s demystify the term “halving.” In the world of Bitcoin, halving is a programmed event that occurs every 210,000 blocks, roughly every four years. This event halves the reward for mining new blocks, meaning miners receive 50% less Bitcoin for verifying transactions. This event is a cornerstone of Bitcoin’s deflationary economic model, designed to control the supply of new bitcoins entering the market and, theoretically, increasing its scarcity and value over time.

Did you get it? It’s okay if you didn’t — I’ve got you covered. Try this:

Bitcoin halving is a key event in the Bitcoin network that happens approximately every four years. It’s similar to a regular schedule for Bitcoin’s economy.

This process is designed to control how many new bitcoins are created, affecting their value. As fewer new bitcoins are produced, they become rarer, potentially making each bitcoin more valuable over time, akin to how vintage items gain value as they become rarer.

If it’s still not clear, don’t worry — it took me a while to understand what Bitcoin halving is, too. Please, continue reading…

Historical Impact of Halving on Cryptocurrency Prices

Looking back, each of the three previous Bitcoin halvings (2012, 2016, and 2020) has been followed by significant bullish runs in the crypto market. However, it’s crucial to understand that these past trends are not guarantees of future performance. The crypto market is dynamic and influenced by a myriad of factors beyond just the halving event, including global economic conditions, technological advancements, and regulatory changes.

***It’s important to realize that the Bitcoin halving has only occurred three times since Bitcoin’s inception. The upcoming event in April 2024 marks the fourth instance of this significant happening in the Bitcoin universe.

Interestingly, data suggests there’s usually a lag between the halving and its significant impact on Bitcoin’s price.

Historically, the time it has taken for Bitcoin to reach its all-time high post-halving varies. After the first halving in 2012, Bitcoin reached a new all-time high within approximately a year. The second halving in 2016 saw Bitcoin achieve a new peak about 17 months later. For the third halving in 2020, it took nearly a year for Bitcoin to reach its subsequent all-time high. On average, based on these three events, it has taken around 12 to 18 months for Bitcoin to reach its all-time high following a halving.

You are free to check the chart to verify. https://coinmarketcap.com/

What Can Small Investors Like You and Me Expect in 2024?

For small-time investors like us, the key is managing expectations and understanding the risks involved in cryptocurrency investment. While the halving could potentially lead to price increases, it’s not a guaranteed outcome. The market could react differently due to current unique conditions or unforeseen future events.

As we approach the halving, it’s an exciting time to be a part of the crypto world, especially for enthusiasts with modest portfolios. Whether our investments will see a parabolic increase post-halving remains a topic of speculation. However, the historical significance of this event cannot be overstated, offering both potential opportunities and risks.

My Action Plan: Dollar Cost Averaging (DCA)

My strategy leading up to the halving is to adopt Dollar Cost Averaging (DCA).

In simple terms, DCA means investing a fixed amount of money into cryptocurrency at regular intervals, regardless of the market price. It’s like spreading your investment over time instead of spending all your money at once. This afternoon, I set up my savings account to automatically transfer $20 to another account every 15th and 30th of the month.

I know, I know, it’s a very small amount, but this is all I can afford for now every little bit counts, and this is my way of steadily building my investment, step by step.

This way, I’m consistently investing in my favorite cryptocurrency as we get closer to the halving, without worrying about timing the market perfectly. It’s a steady and disciplined approach to building my crypto portfolio or so I heard. :)

Wrapping Up

I hope this blog helps clear up what Bitcoin halving is and what might happen afterwards. I’m learning about all this just like you. My main takeaway? Bitcoin’s value doesn’t shoot up right after a halving; it usually takes a few months. So if my investment drops right after the halving, I’m planning to stay cool and wait it out, hoping it’ll rise again in a few months.

Cheers, everyone! Got questions? Drop me a message, and I’ll answer when I can.

I’ve heard about using VPNs, but I’m not exactly sure about its safety and how long it’ll work. So, I thought I’d write this down, sort my thoughts out, and figure out what I can do.

What is VPN?

Let’s break it down.

A VPN, or Virtual Private Network, is like a secret path through the internet. It hides your online activity and makes it seem like you’re browsing from somewhere else.

This means I can continue accessing my Binance account by appearing to connect from a country where Binance isn’t banned.

Not all VPN is equal

Choosing the right VPN matters though. You want something with strong encryption (no one likes eavesdroppers), fast speeds (who has time to wait?), and servers in the right places. I checked out NordVPN and it seems to tick these boxes.

But before you dive in, remember: using a VPN to get around bans can be a murky area, legally and with Binance’s own rules. It’s a bit like playing hide and seek with the internet police.

Here’s a quick how-to:

1. Pick a good VPN: Look for one that’s secure, fast, and has servers where Binance isn’t banned.
2. Get the VPN app: Download and set it up on your device.
3. Connect to the right server: Choose a server in a country that’s Binance-friendly.
4. Access Binance: With the VPN on, you can log into Binance like usual.

Heads up, though. Using a VPN might get you help you and me access Binance temporarily but it’s not a forever fix. You’ll need to think about other ways to handle your crypto in the long run.

In terms of fund safety, Binance is pretty solid, but always remember good security practices like strong passwords and two-factor authentication is a must.

Other ways to manage your funds?

Maybe move them to a local crypto exchange or a secure digital wallet, or just wait and see how things play out with Binance and the Philippine authorities. I personally use Coins.ph and Bybit.

It’s all about staying informed and making the choice that feels right for you. Keep an eye on updates from the Philippine SEC, as they might shed more light on the future of foreign crypto exchanges operating in the Philippines.