Topic: 2023 Bitcoin can take a position discussion. - page 3. (Read 556 times)

Who said it was bad? I mean for many people 2022 was really great. I am talking about the ones who wanted an opportunity to buy the high valued coin. Bitcoins were at 69k usd, and many people wanted to buy it. Thanks to 2022, for which we witnessed Bitcoins at 16k usd, and many people bought the coin for such a low price. Now as Bitcoin follows a 4 year cycle, this year is expected to be big for the Bitcoins. Let’s not debate more and wait for the outcomes. Wishing us all the best for the future.

In 2022, the cryptocurrency market reached its lowest level due to the three coins Luna, Celcius, FTX.  And it still exists in this state.  2022 was not a good year for Bitcoin.

If investors are still waiting for the right time to enter the market again, market conditions will take longer to rise and will always be sluggish without better movements. Because the boosters and boosters of the foundation of the Bitcoin price in the market are by large and also more investors, so if they are still waiting for the time to enter and don't immediately rush to enter now, a high increase in the price of Bitcoin will always be difficult to happen in this month or in this near future.

If investors are still waiting for the right time to enter the market again, market conditions will take longer to rise and will always be sluggish without better movements. Because the boosters and boosters of the foundation of the Bitcoin price in the market are by large and also more investors, so if they are still waiting for the time to enter and don't immediately rush to enter now, a high increase in the price of Bitcoin will always be difficult to happen in this month or in this near future.

Luna and FTX This is the result of the market falling out of the market.  The Bitcoin market hit an all-time low and the price of Bitcoin will remain slightly lower in January.  Because investors are just waiting for the time when the market will aim higher.  But right now is the perfect time to invest, the market is on the wall.  We should never miss this opportunity.

Just as what we've assumed last 2021, it was $100k. But I don't want to bust the nuts of most that expecting $100k.

It's better to just let it if it hits it but don't expect an exact time when it will happen. Because we don't know when exactly it'll happen, who knows if the cycle this time is different and if there will be more demand pre-halving.

Because what we know is that, most of the increase for bitcoin's demand happens every after the halving and that's by next year, 2024.

Discounts were supposed to be a good thing because that simply means you will be getting the item for a cheap price, so why will they fear it? If there are in fear right now then they can be the hodlers who are inexperienced. This bear right here, can be their first long time bear so they are worried and thinks that the market won't recover anymore. I hope they can still be able to control their selves as this bear shouldn't take too long anymore.

I know that the bull run is just around the corner. That is right, we shouldn't be focusing on something that is terrible because that is not beneficial to us but if there is something that we should focus on, then that is to buy more coins and continue hodling because we know that we will be rich from this one day.

That "discount" is something people fear because they see themselves as the product owner whose product is not discounted, not as the buyer whose item they want to buy got discounted. If you switch the side then you would be happy about it, but they somehow can't switch the sides.

I also own bitcoin and I do not consider the price drop as something bad for me, even though my portfolio has been down a lot recently, I still see this as a good thing and yet they do not, which is not terrible and I understand that, but that doesn't mean that we should be focusing on anything terrible neither, I am fine with it and I do not see it as a problem at all.

Whenever Bitcoin give a price discount just like what the price is at the moment it gives opportunities not only to small investors as you mentioned but also to big bag holders who also take advantage of such opportunity to fill their bags.
Recent events have forced Bitcoin price to remain at a declining state for a while but the break-out stage may come as the year progresses and investors and traders start having a positive reaction to the market because what effected Bitcoin price was external factors arising from bad news and events in other cryptocurrency projects.

looking OUTSIDE of the market candles.. there are other options to acquire bitcoin

the public CEX exchanges (the retail market)
there is also the OTC market(the wholesale market)
there is also the mining (the producers/farmers market)

by looking at the variance of mining efficiencies around the world
"industrial" grid electric prices go from $0.04/kwh to  
"residential" grid electric prices go upto $0.48kwh

this puts a window of
cheapest on planet(value) - no one wants to sell below
expensive on planet(premium) - no one wants to buy above

creating this window of possible price range the market will work within


now based on hashrate of current generation asics
EXA     low(value)      high(premium)
250    $15,509.84     $98,118.19
330    $20,473.00     $129,516.01
410    $25,436.15     $160,913.83
490    $30,399.30     $192,311.65
570    $35,362.45     $223,709.48
650    $40,325.60     $255,107.30
730    $45,288.76     $286,505.12
810    $50,251.91     $317,902.94

this means while hashrate is in the mid 200-300 the speculative market can speculate anywhere between $15k-$100k(rounded)

this means if the hashrate went upto 800exa. the price could still be at a low of $50k but could speculate as high as $310k(rounded)
yep at 810 exa on current mining asic efficiencies/recent models the bottom will become $50k

no one can predict where within this range the price will be of the range of the hashrate of the time. but we can see that the price is somewhere within that range.

in short 2021-2022 did not really go over the 260exa hashrate and so the (off market) measures had no reasons why anyone would dare buy bitcoin for $100k when everyone could have mined/acquired bitcoin for under $100k via other means

so right now i dont expect bitcoin to go upto $100k

everyone else making smaller number guesses are doing so for personal reasons. usually when someone buys coin they automatically decide a 2x exit price

so if this topic creator wants $30k this year its because he bought at about the $15k rate

so if this topic creator wants $100k this year its because he bought at about the $50k rate
(alot of people have a 2x multiplier of a 'within 1 year' timescale)

however these people throwing a number out into a comment he just wants to see if people agree to those amounts possibly happening in the creators time frame to ease his mind that exiting at his presumed 2x is achievable

well. unless the hashrate goes above 260exha and IF there is very HIGH speculation. it wont breach the $100k market barrier

as for $30k, its possible.. but within your march/april time scale.. well thats an unknown

This is how it must be, but the market is being the market. No one is an excuse. The best thing here that Bitcoin is still running, even how much percentage Bitcoin already lost from its peak, Bitcoin is still here even though there are a lot of centralized exchanges that are already shutting down. That's what I can see, it means people still trust Bitcoin.

The Bitcoin market is at its peak and this is one of the biggest opportunities for us small investors.  If an investor can invest in this opportunity,
What is your comment?

Assumptions I think the price of Bitcoin will reach its peak by the end of 2023.  Estimates can hit 100k dollars.  This is the biggest opportunity for us to invest.

How to put this in simple words? I think we should leave bitcoin on it's own.
(.....)

After PlanB's prediction goes wrong since he predict Bitcoin will reach $100,000 in end of the year 2021, I don't believe anyone prediction anymore especially people who predict Bitcoin at exact price. I only believe about bear and bull season, the price is impossible to predict since it's similar like gambling prediction. 2023, Bitcoin would still continue the bear market like the last year, maybe it just have a slight recovery before the bull run happen on 2025.