Today was relatively quiet in terms of tasks, with my primary focus being on marking the notebooks of around 500 students. I wanted to be thorough, so this process took me about three hours to complete. By the time I finished, the students had already left for the day. With some free time, I decided to pick up my phone and take pictures of the birds flying around the area, enjoying the peaceful atmosphere. The scene was calm and quiet, a nice contrast to the usual busy environment at school.
In other news, it’s been fascinating to follow the recent surge in cryptocurrency. Yesterday, prices rose beyond expectations, and this upward trend seems to be holding steady. Bitcoin (BTC), the most prominent cryptocurrency, experienced a massive increase, soaring from $70,000 to $93,000 within a matter of hours. For anyone unfamiliar with Bitcoin, it is a digital currency operating on a decentralized network, meaning it isn’t controlled by any single government or institution. Many consider BTC to be a valuable asset, and its market performance often impacts the entire cryptocurrency landscape.
Altcoins, which are alternative cryptocurrencies to Bitcoin, have also seen a similar upward trend. Coins like Wif, Pepe, and Bome are experiencing significant growth as well. Another cryptocurrency worth mentioning is Hive. Hive surged to $0.034, although its increase was short-lived, as it soon dropped back to around $0.025. This fluctuation is common in the cryptocurrency market, where prices can be volatile and often change within a short timeframe. I hope Hive will see more consistent gains in the future, as these short-term surges can offer opportunities for profit, even if they’re brief.
Many Hive users likely took advantage of this recent increase, using the opportunity to sell at a higher price before the value dropped again. This process, known as “cashing out,” involves selling a cryptocurrency at a profitable rate when its price is high. Traders often aim to buy at lower prices and sell during these surges, allowing them to maximize their returns.
One thing that’s on my mind is how long this bullish trend will last. In the cryptocurrency market, a “bull run” is a period where asset prices rise continuously, creating optimism and attracting more investors. However, bull markets can sometimes end unexpectedly, and if prices drop sharply, it can catch investors off guard. I remember the last major bull run in 2021. Bitcoin reached an all-time high of around $66,000, only to experience a significant downturn shortly afterwards, eventually falling to around $18,000. This drop surprised many investors, who hadn’t anticipated such a sharp decline.
If we’re headed toward another strong bull run, I hope it’s a steady one without the extreme volatility seen in previous cycles. Cryptocurrency markets are unpredictable, and while the potential for profit is exciting, there’s always a risk of significant losses. Many investors who were caught in the 2021 bull run and its subsequent crash lost a lot of money, especially those who bought at high prices, assuming the upward trend would continue indefinitely.
