Bitcoin What is the probability of 60 K+ again? - page 8.

suzanne5223

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Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.

The year 2022 market was not the first time the cryptocurrency market suffer losses and the 2022 correction market you believe was a curse is actually replicating the 4cycle which was the fundamental foundation and concept of Bitcoin creation.
During the correction market, cryptocurrency trading was not meant for everyone except the well-experienced traders

Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

The chance of Bitcoin reaching and surpassing the $60K price is through the block halving effect.

buwaytress

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Quote from: hugeblack on January 07, 2023, 06:11:04 AM

Most of those who want to see the price of 60,000 are those who invested in the year 2021, when the price was close to the levels of 40,000 to 60,000, and they expected that the price would go to a hundred thousand, and thus the easy profits without effort.

I do not think that we will see these prices soon, so if you are one of those who bought at that price, it is better to consider that the value of your investment is zero, and then wait about 5 years to years, and then you will be sure that you will see those prices.

Yeah, was not a buyer in that period but even having been in since 2016, admit I myself was certain we would see at least 100k, which would "only" have been five times the 2017 ATH. Seemed a conservative estimate to me, but apparently 200% was the best

The funny thing is that now we are all lowering expectations, the next high could take us by surprise. Hope that is the case but not putting my house on it.

Tony116

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Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

If you are a holder, then your explanation makes sense because in a bear market, holders are hardly profitable. But for a trader, bear market, or bull market, I think both can make a profit, and it depends on your trading skills. So you can't blame the bear market when you lose. I don't know if you are new or experienced in the market, but you need to review your trading skills rather than blame bitcoin.
As for the question, can bitcoin hit $60k again? my answer is yes, bitcoin could hit $60k and possibly $100k, but no one can tell when that will happen.

hugeblack

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Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

Most of those who want to see the price of 60,000 are those who invested in the year 2021, when the price was close to the levels of 40,000 to 60,000, and they expected that the price would go to a hundred thousand, and thus the easy profits without effort.

I do not think that we will see these prices soon, so if you are one of those who bought at that price, it is better to consider that the value of your investment is zero, and then wait about 5 years to years, and then you will be sure that you will see those prices.

Eternad

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Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

If knowing exactly when will the price will gonna pivot then I guess everyone will be on profit but since trading is pure speculation. The only way to determine it is when it happened already which means you need to try a position for yourself when Bitcoin price side ways or show a bullish signal pattern. This is what many traders doing for a long time and just using a stop loss as safety precautions once there analysis fail.

Just hold Bitcoin and you are good to go. You will save yourself on stress for overthinking on what’s gonna happened in the price since Bitcoin will always recover and pumps in the future. A loss on spot trading is just a paper loss. A real Bitcoin holder will benefit on the end.

dansus021

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Hei believe me dude I think most member of Bitcointalk forum at red portfolio right know unless they really can predict the future. or maybe like me who feel hurt when watching wallet value getting decrease past year hahah. But of course time will past and we are gonna see above 60K. bare with me friend Cool

Frankolala

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Buying your coin and keeping it in your wallet in other for you to trade when bitcoin price is high will only cause you more frustration presently because the price doesn't seems to shoot up soon but maybe later mid year,so you shouldn't be in a rush. It is better you hodl for a long term instead of a short term.

I don't think you understand the term bitcoin trader,even if the market is facing a dip,people are still trading and making profits no matter the state of market. You are just an investor and not a trader mate.

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Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

Really I don't know where this thread belong, if it should be in speculation board or trading discussion but sure this discussion is not fit for Bitcoin discussion board.
I am not a passive trader but, we all aware of the many challenges that faced the cryptocurrency market in 2022/and that effected almost all aspect of cryptocurrency not only traders that hard a rough 2022 even long term holders also witness significant drop in their portfolios which is something we need to really reflect on this in the year 2023 and beyond.

Solosanz

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The reason why most traders are making profit before 2022 is you're trading in bullish market which mean you have higher chance to make money, but rather than trading, why not just invest and only wait when Bitcoin already reach new ATH and you can sell some portion of your coins?

IMO if a trader can't make profit in bear market, you're not really a trader.

The probability of Bitcoin price will reach 60K again is 90% in 2025.

SUNNY F

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Personally, I think it's just a matter of time, and we need to wait, and Bitcoin is constantly appreciating in each round of bull market and bear market transitions.
I think we should learn more about the core of Bitcoin, which is more meaningful.

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The cryptomarket is at the decline and we haven't encountered any big events for a push in the market. We keep on encountering negative news and the same keeps the market movements within specific range. For everyone who have been holding long to experience the previous ath needs patience. It is likely to take place in the upcoming year or later.

Traders who are good enough to know about the market haven't experienced the worse. Traders who get greedy and are not moving with the market might've encountered massive losses. This is upto the traders knowledge about the market.

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Very likely in my opinion, but my gut tells me that it will take a lot longer than usual to get back to near-ATHs — surprising a lot of bitcoin holders.

As for trading, you seem to not know what you're doing lol. If you're merely guessing market movements, you're mostly just gambling.

pooya87

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You are not a trader if you have bought bitcoin in the past when price was higher than this and are waiting restlessly for the day it goes back up to that price again for you to sell and get your profit! This is NOT trading.
Trading is when you make profit from market movements regardless of their direction (meaning from both rise and fall).
What you did is not an investment either because it seems like you bought without thought and any plans and your only sell plan is seeing the rise to the same previous high.

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Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

You seem to be doing so many things wrong. For starters you seem to be missing the point that with trading you can make money when the market goes down as well. So it doesn't matter if the market will go up again or when it will reach $60k, because if you really knew how to trade, which I doubt, you could make money too.

wxa7115

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Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

How long have you been trading? Did you started your journey on 2020 or 2021? Because if that is the case then this explains why you think 2022 was such a bad year.

Now do not get me wrong 2022 was in fact a bad year for almost everyone, but the same could be said for 2018 and any other year in which the bear market was the dominant force, and if you are facing losses to the point of being destitute then you made a huge mistake, since during a bear market your goal should be to protect your capital or at best to increase your holdings, if you have any, but other than that making money is incredibly hard, something it seems you have discovered on your own.

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Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

Bear market is a very risky market for traders, if you have lost a lot and you know that it is tough to make a profit at the moment. I think you should stop and change your strategy so that you can make a profit instead of continuing to lose. If you switch to holding instead of trading for the time being, holding will give you the opportunity to recover your trading losses. I'm not saying you should give up trading but wait until the market is better, then come back and for now focus on holding that will be good for you.

bittraffic

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We might have some upside year this 2023 and maybe BTC will touch 30k, that's a possibility after all the first brutal year of the bear market is over. This will be a good year hopefully we'll beat the inflation as just this week alone the price went up.

Though there are still bad news coming up like exchanges warning users to withdraw coins and people saying they are insolvent. Don't always believe about panicking and dumping because the whales are accumulating.

yudi09

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Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

Invest only in the long term so that you don't get anxious and nervous every time you look at the price chart even if the asset you buy every time is not a large amount.
If we are currently in the year 2023, then come back the next year. In my experience, it's very rare to find a successful person who chooses to make a profit in a short period of time even though buying and selling is not my main job.

Buying when the price is declining is of course a good thing and choosing to hold on in the long run is much better to save from losses because we have already seen how the market conditions and situations over the past year.

Please consider the advice below.

Quote from: Hispo on January 06, 2023, 10:53:43 PM

I believe your thread would suit better on the speculation board, honestly.

Edwardard

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Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.

Sorry for your loss, but unfortunately we are all in loss since BTC is down (its not just you).

Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

2022 is a cursed year for traders

Not for traders, but for hodlers from the top. Traders who kept on shorting earned a blessing! And btw, its not "is" but "was". 2022 has passed, lets welcome 2023 (a new beginning?!).

Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

If anyone got any idea, they wouldn't come here to give advices (they would keep it to themselves and secretly be a trillionaire lol). Jokes apart, I believe many things will be cleared about the PA on the next CPI data and FOMC meeting. Lets watch out how ot develops, step by step!

This needs to get moved to speculation board.

Hispo

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Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

I believe your thread would suit better on the speculation board, honestly.
In my personal point of view this year will be a relatively calm for the price, no bull run until 2024, which would probably be started by the halving, some months after it happens.

Keep in mind, I am not a financial advisor or professional trader, though. DYOR. DYOR DYOR.

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