Musing Daily Questions 🦊

Traveling has a positive impact and benefits for the perpetrators. This is the benefit of traveling for your development.

1. DARE TO FACE THE CHALLENGE

Walking through the city you just visited while traveling, will be a tense, exciting experience at the same time. Especially if you are traveling alone, don't join a tourist group or make a pact with your gang. When traveling alone, you will feel how to get out of the comfort zone to be an independent individual. Imagine, if you are on a trip in an area that is very foreign to you. Of course you will learn to be able to survive in conditions that are independent and dare to face every challenge that is in front of you.

2. HELP IMPROVE CONFIDENCE

Vacationing to an exciting new location will make you feel new things that you have never felt before. And the trip will give you a sense of freedom, because on the way you can learn a lot about independence and be responsible for facing every challenge. Every challenge that you manage to overcome in your journey and new experiences that you find, will help you to be more confident.

3. FINDING THINGS THAT MEET YOU MOST IMPORTANT IN LIFE

In cities, people tend to buy various luxury items that are not really basic needs. Travel makes you have to carry things you really need compared to the items you want. You will realize, it turns out that with these makeshift items, you can still live properly and happily. You will learn about simplicity and you will realize what you want is not entirely what you need to obey to buy.

4. BECOME A MORE CHEERFUL PERSONAL

Every person who travels certainly aims to reduce the level of stress they feel when saturated in a boring work routine. Stress makes a person look older and irritable. So, it takes fun activities, such as walking, jogging on weekends, vacationing in a quiet place, of course it will help you eliminate all stress and fatigue. You will feel more fresh, cheerful, and more grateful for the gifts you have received so far thanks to traveling regularly.

5. LEARN TO PREPARE A MORE MATTER

Traveling alone makes you more independent because on the way you might find obstacles along the way, such as missing a bus, a bag missing in the baggage, or getting lost. From this collection of problems, you will learn to think hard to overcome them alone or at least you can learn how to prepare a more mature trip in the future. This will make yourself more careful and take decisions responsibly.

6. EASY TO ADAPT TO A NEW ENVIRONMENT

There will be many obstacles that you can find during your trip, such as strikes, planes whose flights are delayed, not understanding the area you have visited, damaged roads, foods that don't suit your taste, and many other things that make your trip less comfortable. . This all-round and all-round condition will make you learn to accept the worst conditions and situations gracefully. You are also forced to move on from irritation and anger from an unpleasant situation so that you will feel more relaxed, confident, and optimistic about the world.

I do believe this market can go higher than the last all time high but the bear market is likely still not over yet. There is some chance that bitcoin first goes lower to 4800 usd and there bottoms out. (according to my ew and fib ta analysis)

Howerver long term i'm very bullish. I don't think the cryptocurrency boom we have seen over the last 8 years has come to an end for a few reasons:

Cryptocurrency has been volatile for a long time. Everyone that's been in this space for longer than 4 years has been gone through at least 2 bear markets. Cryptocurrency tend to move in a boom and bust pattern but it always goes up higher over the long run. The history is not guaranteed to repeat but i think it's likely we will see another big wave up in the future. It may be hard to put things into perspective now but don't let you fool by emotions.
Cryptocurrency bubble can become much bigger. I like to compare cryptocurrency with the dotcom bubble we have seen in the early 2000's. Cryptocurrency has a lot of common with internet stocks back in the day. The internet is a datasystem to transact data with each other. Cryptocurrency is a more secure version to transact value with each other. At it's peak the dot com bubble was worth 5 trillion usd adjusted to inflation. This was a phenomenon in the united states not globally. Cryptocurrency is a global phenomenon. There is no reason why the total market cap of cryptocurrency can't be in the trillions but that doesn't mean it would be justified.
Fundamentally i still think cryptocurrency is an attractive investment because it fits perfectly into what's happening on a macro economic level. It is a new asset class providing an alternative for currency, gold and stocks. Interest rates are very low and people don't trust the governments anymore. This creates pressure for an alternative to rise.
Institutionals have not yet entered this sector. Pension funds and hedge funds are by law not allowed to invest into crypto when no clearing house can insure them against losing their cryptocurrency in a hack. There is also still much uncertainty about how crypto will be taxed and regulated since there are no existing laws. When this all clears up this is a big step for cryptocurrency.
The current adoption rate is still very low. Most people don't even know what bitcoin is let alone altcoins. How can "this bubble' be at it's peak when most people still don't know about it?