Topic: 2023 Bitcoin can take a position discussion. - page 4. (Read 606 times)

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.

Neither Bitcoin's position not future was dire, it was just a market downturn which has happened multiple times in the history of Bitcoin, especially following a bull run.
If you listen to the 'bitcoin is dead' bandwagon, it's easy to think that it would be difficult to recover from the normal market situation.

The 'Bitcoin market' doesn't predict the price. It is simply the market where traders can buy and sell.
Anyone can give a prediction, as you just did, doesn't mean it would influence what happens in reality.

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

There is no certainty that bitcoin will rise again by the end of the year, no one can draw that conclusion. But you are right, this is a good investment opportunity, those who do not own or want more bitcoin should take advantage of this moment because the opportunity will not come many times for us to choose freely.

And I want to tell you, bitcoin has the potential to be profitable, but it's not easy to make millions of dollars. Bitcoin is not a get-rich-quick tool.
How much do you need to invest in bitcoin to make millions?

Wrong There was a type..

estimate  If 30K dollars, Bitcoin's position will improve.

Why are we hitting 30k in May?

Reserve

Bitcoin's Position in 2022 year:




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.



2023 year Starting January:

Last year 2022 Bitcoin's position or future was dire. The current price of Bitcoin is 16,532$ But on January 2, 2023, Bitcoin's position is slightly downward.  Because the Bitcoin market predicts the price of Bitcoin to hit $30k between April and May 2023.  If Bitcoin stands in this position then the price of Bitcoin will touch the highest level between September and October.

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, he can grab millions of dollars by the end of the year.  Positions that currently hold bitcoins will no longer hold positions.  2018 to 2019 was in the current phase.  So we can never miss this great opportunity.  This is the biggest investment opportunity.

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.

What is your comment?