Topic: Bitcoin 2023, Bullish or Bearish? - page 4. (Read 1494 times)

What's going on in the fiat world is a proof that this year will be a bullish year for all of us. I think it will even do better than expected all because we are talking about something that will actually hurt fiat a lot more and when fiat is hurt there are a lot of people who invest into bitcoin at the same time.

Because all those people who got out of bitcoin with the fear of volatility and the drops, will realize that their money is not safer at fiat and will end up with a much worse return in the long run. I know that it will not be simple to fix any of this and I know that it will take a while before we can see them all come here, but we will see it this year until the end.

The usual trend is that the price will rise if the previous year dropped, as we know that in 2022 the price dropped more than 70% compared to the end of 2021, of course this is our hope that after the drop, in 2023 the market will rise, not much what we can do apart from continuing to buy so that we have the opportunity to profit in 2023.

I get the feeling that bitcoin prices will be held down by various speculative means until April. Then we may well see a good rise until July-August 2023. It is likely that we will see some important news in April (maybe Russia will be the newsmaker).

You may be right that it could be because of the news that is happening now in the crypto industry why the value of bitcoin fell a little bit and I did read some news regarding it.

This is about silvergate bank


source: https://www.forbes.com/sites/brianbushard/2023/03/08/crypto-bank-silvergate-will-shut-down-amid-financial-problems/?sh=27f6ab9372b3

     It's possible that this is one of the reasons but I know that Bitcoin is not much affected by this. But it's surprising because since 2013 Silvergate started operating in this industry for about 9 years but in the end it still closed, maybe because of the intensity of the competition that led to this.

I didn't expect that when I woke up and saw the current price it was $19980, I didn't think that the price would be red again, it looks like the negative trend hasn't gone yet and makes us have to be patient, let's wait if the price will continue to fall like last year or could it rise like in January , I think March and April can be a measure of whether the market will rise or fall this year.

With what is happening in the market today it is clear that we are still bearish for now. And this is a good opportunity to buy bitcoin and other altcoins that we think have great potential to give us good income in the future.

      There is also no reason for us to worry about what happened in the market today because as far as I can see it is normal and we just need to save as much as we can, this is the only thing that can be said.

I think that's just a term that's being used by the holders and even I, I've told my friends to do that after buying. And that's to forget the entire market and what they've bought. It's an easier explanation of what holding is but yes, there should still be a monitoring on how the market is doing because your money is in it. Like for this year, it doesn't look like everyone is gonna be optimistic while looking at bitcoin's correction. Nevertheless, all of the eyes are already advanced and looking forward to the year of 2024 and onwards because that's where the next bull run might occur.

No one really know what's going to happen next, but IMO this year will either maintain or rise slightly. Based on thr economic situation we are in right now, it is not yet time for those big whales to move their assets (not that we know what they will do next), coz if they do, they will the ones who will be the most affected on this inflation.

But of course that all depends on their mood, besides that, if there is anything huge to happen that disturbs the economy, for sure it'll impact cryptocurrencies as well.

After buying and then holding it in the long term does not mean that you have to forget about the market by not monitoring it anymore even though what you bought is to be stored in the long term. Because there are also many opportunities that are missed by many people when they don't often monitor the market or forget about the market after buying, even though monitoring the market is part of an important task when someone already owns a valuable asset like Bitcoin.

I am not so sure whether it is about a certain time span whether or not the crypto market turns into a bull market. I think it is a lot more about the events and news about crackdowns and regulations and so on and so forth. We have had several collapses of relatively relevant crypto companies/exchanges and it is still not really transparent in how far there might be more systemic risk that we just haven't discovered yet. I think it needs some catalyst for Bitcoin to switch into bull market sentiment, but is there really extraordinary good news on the horizon or relative certainty that no collapses are waiting around the corner? Nobody can really know except for those who do But I think that some players would make to love a move but are not sure whether the timing could be particularly bad right now.


One thing also is important to consider. It was often said that the stable coins played a big role in the last bull markets as they have been said to be excessively issued in order to buy up and push Bitcoin. That theory was never really confirmed nor denied, but if that was the case and there is now the growing interest from governments to further scrutinize and investigate stable coin providers, then that would actually take away one component that added to the upwards dynamics in the market in the past.

i wouldn't say bullish but bitcoin price in 2023 will slowly continue to increase.
Why is that ? because I believe the real bullish will occur in 2024 and the price increase that will occur this year is due to the effect of many people buying in preparation for the bullish that will occur in 2024. and of course we will also see normal (not bearish) price declines because it is impossible for the crypto market to continue to move up.

We are still really staying at the bearish level, I don't feel that we are entering the bull season yet, I think it will be a few months before it happens in my opinion.

       I've noticed recently that many communities are anxious about the return of the bull run, and I also think that many of our bitcoin enthusiasts have saved up somehow because they don't want to be left behind again... But the problem is that no one knows when the bull run is. So all we have to do is be prepared for anything that can happen in the market.

It is difficult to predict what will happen throughout 2023 regarding the bitcoin price. However, it would be better if we could take advantage of the current downward price momentum to buy and then hold in the long term to sell without having to always look at market conditions.

I also think like you, this year will be a year of struggle between bears and bulls, the market is volatile, and at the end of the year the price will be higher than in 2021 but not too high to be called a bull year.

As for altcoin investment and accumulation, I think we should start in early 2024 because, with the current volatile economic situation, we are still uncertain that a bull market will occur when halving occurs. I mean, I still believe in history repeating itself but also pay attention to the economic situation because it has a huge impact on the market.

The beginning of the year showed that the price of Bitcoin did not grow as much as we expected in 2022. At the start of 2023, we thought the price of Bitcoin would exceed $35k, but it hasn't happened yet. Bitcoin's trajectory over the past few days suggests that the market is likely to rally towards the end of the year. If you invest and hold in this bear market market, you can certainly earn good profits in 2024. We think the market is more likely to turn Bull market  again in 2024.

About the impact of Silvergate, that's right it wasn't as harsh as the FTX collapse yet. If I understand correctly, Silvergate has filed for an extension to provide requested reports about their overall financial situation. Is that about right? That would mean that as of now we don't really know whether there is more to come or have I missed anything here? I am perhaps not up to date in that case. I just know that there are countless companies directly involved with or connected to Silvergate. But I don't know the implications and what kind of consequences that could entail. I have no idea of the systemic relevance of Silvergate for the industry.

We are not on the actual bull run but we are heading there because the price didn't drop heavily. It only paused a bit but later on it could continue again hitting the higher prices. Correction can also happen but it does not totally prevent bitcoin from reaching its target. Time can fly so fast especially if you don't check often the dates.

We won't notice it that one day we are now at the halving event already so make sure that you guys already stocked up a lot of coins so that you won't missed this rare party. What I know is that the max value bitcoin can get is 1 million usd therefore 2x, 3x and so on is still possible for bitcoin even after a couple halving has passed.

bitcoin in this 2023 is entering signs of going big bullish, now all the predictions that appear are referring to the history of bitcoin prices that have existed, and usually before the halving, we will see the price of bitcoin going up high so prepare yourself.

I believe bitcoin in 2023 can be bullish, the beginning of the year is a good and strong signal that this year will skyrocket, many analysts believe that in 2023 the price can touch at least $ 50k, of course this is good news for us and if we want to get bigger profits then I suggest immediately selling assets to invest in bitcoin.

The thing with Silvergate is that it didn't turn out to be that black swan event that will pull the market down so hard like FTX collapse. At least this news didn't put a lot of dent as we are above the threshold and support is strong at $20k-$22k.


We will have runs like we did in January 40% or more in a month. And then maybe like March which is historically very poor for us, the negative. But overall it might be in the middle grounds this year, not very bearish like year, with few occasions of small runs.