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CryptoBuds

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Quote from: beerlover on December 30, 2022, 03:56:36 PM

Quote from: CryptoBuds on December 29, 2022, 11:19:50 PM

2018 is considered the worst year as it may be the first shock to many people who are new to the market, but compared to this year.
This year is really the worst year for bitcoin because it has never experienced difficulties such as war, economic crisis as well as interest rate pressure. It has to be said that this has been a challenging year as well as a test for bitcoin, and the fact that bitcoin ended the year at $16k isn't too bad.

I agree with OgNasty, in the future, we will have more difficulty and unpredictability than years ago, when CBDC and regulation were affecting the market and bitcoin.

I agree that this year has been one of the worst years economically, not just crypto neither because the whole world has been terrible economically. I had the worst year of my life economically in 2022 and I do not think that it has anything to do with crypto.

I made the most amount of money I have ever made, I made way more than I normally make and even with that I am still in debt, thankfully not a lot but that's thanks to me making a lot of money, whereas many people couldn't and they are living a terrible life right now. I am guessing that it's going to be a terrible year overall and we are going to end up with even worse situation in 2023 if governments do not fix the problem.

Perhaps I am like you in this, although this year the crisis and inflation are rampant, I have a much higher income than in previous years. Not only was I able to pay off my old debts, but I also saved some money, and that's why I hope this bear season can last longer or even fall further so I have more investment opportunities.
This year has been a bad year for bitcoin, but it's not bad for investors like me. I missed my chance in 2018, so this is my chance to correct all my mistakes.

beerlover

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Quote from: CryptoBuds on December 29, 2022, 11:19:50 PM

2018 is considered the worst year as it may be the first shock to many people who are new to the market, but compared to this year.
This year is really the worst year for bitcoin because it has never experienced difficulties such as war, economic crisis as well as interest rate pressure. It has to be said that this has been a challenging year as well as a test for bitcoin, and the fact that bitcoin ended the year at $16k isn't too bad.

I agree with OgNasty, in the future, we will have more difficulty and unpredictability than years ago, when CBDC and regulation were affecting the market and bitcoin.

I agree that this year has been one of the worst years economically, not just crypto neither because the whole world has been terrible economically. I had the worst year of my life economically in 2022 and I do not think that it has anything to do with crypto.

I made the most amount of money I have ever made, I made way more than I normally make and even with that I am still in debt, thankfully not a lot but that's thanks to me making a lot of money, whereas many people couldn't and they are living a terrible life right now. I am guessing that it's going to be a terrible year overall and we are going to end up with even worse situation in 2023 if governments do not fix the problem.

arwin100

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Quote from: CryptoBuds on December 29, 2022, 11:19:50 PM

Quote from: ?? on ??

Quote from: Jating on December 29, 2022, 02:47:42 PM

Quote from: OgNasty on December 28, 2022, 06:21:22 PM

I would go further and say this was the worst year ever for Bitcoin. We've never seen such a prolonged drop below the 200 day moving average and it looks like it isn't done yet. With the world readying for recession and Bitcoin seemingly falling off a cliff, things are going to be pretty dicey over the next 2 years. I only hope that Bitcoin is able to survive and bounce back again. It isn't going to be easy this time with CBDCs on the way along with plenty of regulation to try and rip coins from user's hands. I will admit I'm nervous about this cycle, but we'll see what happens soon enough.

I can't remember but 2018 was much worst for me personally, but this year though, a lot of things really happen that really affected the market in general, and the thing is, we don't even have control over it. If the price change was due to FUD like way back, after a few days, and when things settle down, everything will be back to normal. But not in this case, a lot of event pushes the market even further and yeah, probably making this the worst year for us. But if I'm going to look at the price side, maybe the equivalent is that we will enjoy a huge success in the next bull run and yes, we might see 6 digits minimum.

Yeah, those years are indeed that the worst yet that was our first time on having that bullrun which the price of most coins in the market did hit their 1st ATH where everything is really that hyping.
After that then people do really get used to these kind of moments after years that had come after that, which these upcoming years arent really that surprising anymore.
It is really just there are lots of surprising events that we arent even expecting for it to happen into these years.Worst or not then you should had make yourself
that prepared because this is eventually part of the risk.

2018 is considered the worst year as it may be the first shock to many people who are new to the market, but compared to this year.
This year is really the worst year for bitcoin because it has never experienced difficulties such as war, economic crisis as well as interest rate pressure. It has to be said that this has been a challenging year as well as a test for bitcoin, and the fact that bitcoin ended the year at $16k isn't too bad.

I agree with OgNasty, in the future, we will have more difficulty and unpredictability than years ago, when CBDC and regulation were affecting the market and bitcoin.

For me that's also more than worse seen we really feel the drought at that time and recovery period is so long since we experience a long bearish market condition in that year. Maybe this 2022 is just a chunk of it and people easily get over with those incident that's why maybe we can see less people get panic on current situation. Other see this as an opportunity since many expect about possible bull run to come on next halving.

CryptoBuds

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Quote from: ?? on ??

Quote from: Jating on December 29, 2022, 02:47:42 PM

Quote from: OgNasty on December 28, 2022, 06:21:22 PM

I would go further and say this was the worst year ever for Bitcoin. We've never seen such a prolonged drop below the 200 day moving average and it looks like it isn't done yet. With the world readying for recession and Bitcoin seemingly falling off a cliff, things are going to be pretty dicey over the next 2 years. I only hope that Bitcoin is able to survive and bounce back again. It isn't going to be easy this time with CBDCs on the way along with plenty of regulation to try and rip coins from user's hands. I will admit I'm nervous about this cycle, but we'll see what happens soon enough.

I can't remember but 2018 was much worst for me personally, but this year though, a lot of things really happen that really affected the market in general, and the thing is, we don't even have control over it. If the price change was due to FUD like way back, after a few days, and when things settle down, everything will be back to normal. But not in this case, a lot of event pushes the market even further and yeah, probably making this the worst year for us. But if I'm going to look at the price side, maybe the equivalent is that we will enjoy a huge success in the next bull run and yes, we might see 6 digits minimum.

Yeah, those years are indeed that the worst yet that was our first time on having that bullrun which the price of most coins in the market did hit their 1st ATH where everything is really that hyping.
After that then people do really get used to these kind of moments after years that had come after that, which these upcoming years arent really that surprising anymore.
It is really just there are lots of surprising events that we arent even expecting for it to happen into these years.Worst or not then you should had make yourself
that prepared because this is eventually part of the risk.

2018 is considered the worst year as it may be the first shock to many people who are new to the market, but compared to this year.
This year is really the worst year for bitcoin because it has never experienced difficulties such as war, economic crisis as well as interest rate pressure. It has to be said that this has been a challenging year as well as a test for bitcoin, and the fact that bitcoin ended the year at $16k isn't too bad.

I agree with OgNasty, in the future, we will have more difficulty and unpredictability than years ago, when CBDC and regulation were affecting the market and bitcoin.

Fundamentals Of

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If 2022 is the second worst year for Bitcoin, then the worst does not make us worry anymore. Is this really the worst? If it is, then I feel elated. At $16,000? Bitcoin has gone through the worst already with that high a price? This doesn't feel like the worst at all.

People should now begin to realize how Bitcoin is actually growing up in the bigger picture. Years ago, everyone was troubled when Bitcoin fell from $32 to less than a dollar. Later on, people again worried when Bitcoin fell from $260 to $50, and then from $20,000 to $3,000. Now we have fallen from $69,000 to $16,000. It doesn't bother me no more.

kamvreto

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~snip~It is really just there are lots of surprising events that we arent even expecting for it to happen into these years.Worst or not then you should had make yourself
that prepared because this is eventually part of the risk.

Unforeseen events are part of the risk of crypto. We can see that 2022 was full of unexpected events that made the crypto market crash and slump, moreover the peak of the 2022 bear market was dramatized by the collapse of FTX managed by SBF which was later arrested by the police.
this is a moment that has become the history of crypto, we really have to be ready. Remember that the market will not be bearish forever, there will be times when the market will enter a bullish mode, it is necessary to be patient and hold what needs to be held at this time.

Jating

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Quote from: OgNasty on December 28, 2022, 06:21:22 PM

I would go further and say this was the worst year ever for Bitcoin. We've never seen such a prolonged drop below the 200 day moving average and it looks like it isn't done yet. With the world readying for recession and Bitcoin seemingly falling off a cliff, things are going to be pretty dicey over the next 2 years. I only hope that Bitcoin is able to survive and bounce back again. It isn't going to be easy this time with CBDCs on the way along with plenty of regulation to try and rip coins from user's hands. I will admit I'm nervous about this cycle, but we'll see what happens soon enough.

I can't remember but 2018 was much worst for me personally, but this year though, a lot of things really happen that really affected the market in general, and the thing is, we don't even have control over it. If the price change was due to FUD like way back, after a few days, and when things settle down, everything will be back to normal. But not in this case, a lot of event pushes the market even further and yeah, probably making this the worst year for us. But if I'm going to look at the price side, maybe the equivalent is that we will enjoy a huge success in the next bull run and yes, we might see 6 digits minimum.

OgNasty

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I would go further and say this was the worst year ever for Bitcoin. We've never seen such a prolonged drop below the 200 day moving average and it looks like it isn't done yet. With the world readying for recession and Bitcoin seemingly falling off a cliff, things are going to be pretty dicey over the next 2 years. I only hope that Bitcoin is able to survive and bounce back again. It isn't going to be easy this time with CBDCs on the way along with plenty of regulation to try and rip coins from user's hands. I will admit I'm nervous about this cycle, but we'll see what happens soon enough.

BitcoinPanther

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Quote from: Dave1 on December 23, 2022, 11:41:36 PM

It's the cycle, this year it was a bear market that's why the price is in the decline, but we have to think what causes the price to go down?

1. War
2. Terra Luna
3. FTX

So that is the main reason for this year, but we don't know if we have reach the bottom in this bear market because the decline will continue till next year.

Yeah, we still have one more hurdle, that is the investigations and rumors about Binance. It this took in negative turn then we can see another flash crash of Bitcoin market. At the current situation, Binance is currently on the hot seat being accused of money laundering and fraud. I hope all turn out well and Binance proved itself to be clear of any suspicion.

Quote from: Dave1 on December 23, 2022, 11:41:36 PM

Of course, we can still recover, but the best time for it is after the halving in 2024.

Bitcoin halving is always been a breather and sparks the bullish trend of the market. So this is like a rainbow after the rain thing.

Adbitco

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Quote from: LoyceMobile on December 16, 2022, 11:39:19 AM

Let's wait until the year is over instead of using incomplete statistics.

Smiles
Do you think something significant would likely happened to the market from your view? We just have few days left so i strongly believe nothing much will occur in this 3 days left, from the charts this happens to be the worst year ever but believe me after the bitcoin halving we would get a straight bull that could definitely leads to a new ATH.

Franctoshi

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Honestly, for me since my come into the crypto space I have never seen such a terrible crypto bear market year such as 2022, Definitely a lot of things has happened this year which has caused big negative impact to the entire market.

However in the other hands I think we're been presented with the best opportunity to buy cheap Bitcoin as well, having seen the price drop from 69k down here at 15k.

coolcoinz

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The price action is the worst I've seen since I came here in 2015, especially that it's all done on low volume. In 2018 we've experienced those 50% crashes more than once and it always happened on very large volumes. You needed thousands of bitcoins to move the price. Often it was over 10k BTC traded on bigger exchanges. Now it's less than 1/3 of that volume which makes me think the price is manipulated. There's very little coins on exchanges, as a matter of fact we have the least bitcoins on exchanges in history, and when someone comes with a 100 BTC it means something, it moves the price even though in 2018 it wouldn't have achieved anything. Also, according to the latest news from blockchain analytics Alameda is dumping whatever they had left and putting it through mixers which coincides with SBF coming home. I think this guy is laundering coins and preparing to bail. One idiot managed to do so much to the market, It's unbelievable.

pixie85

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Quote from: LogitechMouse on December 23, 2022, 03:47:51 AM

2022 might be the 2nd worst year for Bitcoin but expect more or at least it will continue in 2023 though not as bad as this year. Inflation in US is starting to decline already which is a good sign. On the other hand, the past performance doesn't mean that it will happen in the future. We've seen some events that only happened this year thus, let's not rely too much on past performances. Expect some changes but anytime in the future, I believe that Bitcoin and crypto in general will recover.

You're not making any big predictions because it can't be as bad as it was since Bitcoin lost more than 70% from it's all time high and the maximums are around 80% which is not only a rule for bitcoin but also stocks. Amazon lost about that number when it crashed. 70-80% is normal for volatile stocks.

I think this year can easily be the worst in history because the price kept going down without any bounces. When you look at weekly candles there's nothing good. In 2018 you had that crash from 20 to 10 thousand and it went back up to 17 then again crashed to 5 and went back up to 11 crashed back to 5 went back up to 10 and so on. This time when it crashed from 50 thousand it went straight down to 17 and then nothing, no returns to retest the 30 thousand, just another crash to 14.

IMO it's bad and feels like we aren't in control, the exchanges are.

STT

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Second best year if you now replacing BTC at the lower price I guess. Depends how people look at it, as a cheaper purchase price or a weaker price to sell at. Nobody is suddenly deciding to sell after these months hopefully, now is the time to save at least a little for the future. I only sell in hype periods when people are getting a bit silly, all the time up or down BTC is plodding along wondering what all the fuss is about.
All I mean to say overall is price is not a determination of success, it shows buyer vs sellers on the orders and even with that its fixed to current time rather then long term actual accuracy. We get a heck alot of variance and inaccuracy, dont take it all as deadly seriously correct.

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Quote from: CageMabok on December 23, 2022, 11:33:47 PM

Quote from: MoonOfLife on December 22, 2022, 11:39:14 AM

If bitcoin continues to fall from here and the price hits below 12k, then 2022 will be the worst year for bitcoin. If calling this the worst year I would agree because in terms of declines it's not the worst year for bitcoin, but if you count what happened in 2022, it was a worst year. Crisis, war, inflation... bitcoin has never experienced these things before.

Bitcoin's decline this year was only due to a few different things from the previous one, but Bitcoin could still recover when the things you mentioned are done. And regardless of what others say about Bitcoin this year, I personally still have faith in the price increase in Bitcoin. Because what has been seen and seen by many people in the past on Bitcoin is a proof that maybe it can still happen to Bitcoin in the years to come.

Events that affect the decline in bitcoin prices are something that naturally happens, because with these events many people try to save themselves and choose to sell their bitcoins. But with experience taken from the past, we should already know what the future will be like, yes, I'm sure bitcoin will start to climb again and maybe it will reach ATH. The problem is when it will happen, because it is difficult to predict bitcoin price movements very precisely. So being patient is the key, time will tell everything.

AverageGlabella

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2023/2024 should be the year. I think the inflation rising will be a good thing as people get tired of losing their recent gains from their wage increases and finally start looking for alternatives and I think Bitcoin will be the fore runner for most people looking for the alternatives. I think Bitcoin is ready to welcome these people. We have got over most problems and now it is just convincing the non nerdy or technical people that they can use and understand btc.

_BlackStar

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Quote from: JoyMarsha on December 24, 2022, 10:53:36 AM

The FXT exchange and Luna crash have made this year the worst year for investors, but on the other side, it may also present a chance for investors to buy additional bitcoin at a discount and keep it until the bull run begins in 2024.

FTX and Luna are not the only effects of the market crash, but there are many others. Regardless of what the problem is, I just believe that the current market conditions are normal. Based on the facts, whenever ATH appears on a 4 year cycle, then you can expect a big crash.

Exactly like you said, time to buy, and yes it was a very wise decision. Buy and hold, take profit on the next cycle. The problem is how much we can afford and how long can you hold. People can say anything including the best strategy, but they don't necessarily own bitcoin as they say and become holders of it.

JoyMarsha

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The FXT exchange and Luna crash have made this year the worst year for investors, but on the other side, it may also present a chance for investors to buy additional bitcoin at a discount and keep it until the bull run begins in 2024.

Every crypto investor needs to keep in mind that the market will not be bullish in the current crypto market. You anticipate the worst possible price decline for bitcoin at any given period.

After the worst crypto year ever, one thing that makes me happy is that we are entering a better year in 2023–2024. I'm hoping to get the best return on my cryptocurrency investment.

wahyuagung26

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In 2022 and 2018, this was a bad year about Bitcoin Value, in 2022 Bitcoin has never jumped to a high value, Bitcoin Value Charts are only at the same point, there has been no significant upward change this year, this has entered several days towards the turn of the year, and 2022 is coming to an end, I don't think there will be any change in the Bitcoin price at the end of this year.

It's possible that 2023 will bring good news about Bitcoin (and we really hope this happens), I'm very sure that Bitcoin will rebound Bullish in the coming year, this will be the most exciting news for all of us, we look forward to this happening. Hopefully in the coming year the market will experience green after so long in a red trend market.

Nrcewker

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Quote from: LoyceMobile on December 16, 2022, 11:39:19 AM

Let's wait until the year is over instead of using incomplete statistics.

I guess BTC’s price won’t affect a lot in a week. So yes we can use OP’s stats to compare and estimate simultaneously. Bitcoins are known for repeating the history, so let’s hope this time it also does the same. Many people have already invested huge amount in Bitcoins for these type of returns only, moreover the marketcap of the coin is also huge, so definitely Bitcoins will have to strike back harder. In the mean time we should buy as many bitcoins as we can. When Bitcoins will start increasing in price, it won’t stop, so make sure that we don’t miss the golden opportunity to buy the coins.

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