How Are You Preparing For 2023? - page 4.

Ziskinberg

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Prepared some money to use it to buy Bitcoin and invest, in 2023 we expect the win of Bitcoin and other Altcoins to escape from the Bear Market, and now of course we are raising money to buy and continue to buy to hold in the next year and the following year.

That is a good idea but I think you need to analyze the market situation first before deciding to invest more.
Might say that early next year is still the best position to buy but I was not certain about the mid-year because I was expecting a few ups. If you have a plan to invest more next year, I would suggest focusing on buying Bitcoin, not altcoins.

Anyways, quite not good to see the year 2022 end like this but still acceptable for me. For now, I did nothing and have no plan yet to invest more Bitcoin this year 2023 other than just holding as my bag is already full. I think that was enough for the next bull season.

Fredomago

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Quote from: Kelvinid on December 29, 2022, 05:40:31 PM

It is not a business to have a plan for what we gonna do next year other than buying and selling.
2023 is a little more exciting year of crypto but never it gives be a surprise if the market shows a slow recovery as we understand that we are still facing in huge economic crisis. Fiat inflation and war haven't yet finished and many people are struggling it hard to make a decision to invest in crypto has been held. What I have to do now is to always make prepare some funds for possible additional investment but I think that would be the last funds. For now, I just hold my coins as I see it was enough already but subject to change if there is a good opportunity next year.

Preparation with better knowledge should be the first thing we can't conclude if the market will be nice or the situation will go deeper next year, all we can do is to keep doing our part in doing our DYOR and expect that the direction will proceed to how we foresaw the next market movement, for now, sparing your extra money would be the wise decision.

Buying some portion of your save money into a crypto that you think will bounce back or have a good market run next year.
all depends on how you deal with good research and analysis.

Silberman

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Quote from: denasha92 on December 29, 2022, 07:07:53 PM

I think i Will do the same as 2022. Get invest in trustworthy new projects or invest in projects that have a good marketcap. Avoiding some random memecoins on Twitter or other social media. Also i hope there is a good surprise for bitcoin and there is no more like FTX or LUNA again in 2023.

It would be nice if we did not got another major meltdown of a big coin or company, but I suppose this is going to be difficult to accomplish, and this is because in my opinion most businesses expected the previous bull market to be bigger than what it was, so when the bull run ended they were nowhere near the economic position they expected to have at the start of the bear market, this explains why coins like luna and exchanges like FTX collapsed, however their collapse most likely is going to have severe consequences for many other coins and businesses, then I expect that we will see many other businesses going under during the next year.

denasha92

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I think i Will do the same as 2022. Get invest in trustworthy new projects or invest in projects that have a good marketcap. Avoiding some random memecoins on Twitter or other social media. Also i hope there is a good surprise for bitcoin and there is no more like FTX or LUNA again in 2023.

Kelvinid

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when lambo...

It is not a business to have a plan for what we gonna do next year other than buying and selling.
2023 is a little more exciting year of crypto but never it gives be a surprise if the market shows a slow recovery as we understand that we are still facing in huge economic crisis. Fiat inflation and war haven't yet finished and many people are struggling it hard to make a decision to invest in crypto has been held. What I have to do now is to always make prepare some funds for possible additional investment but I think that would be the last funds. For now, I just hold my coins as I see it was enough already but subject to change if there is a good opportunity next year.

bitzizzix

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There are no preparations or plans for 2023 because there is no guarantee that next year the market will improve although I hope it improves, because the crypto market is not easy to predict and also good or bad news can happen unexpectedly.
and what i'm doing now and during the downturn i'm just going to try to continue buying incrementally as i can afford it, and also have no plans to choose any altcoin other than bitcoin and for the long term. And as long as bitcoin is still in a slump, what's the point of choosing an altcoin because the movement of bitcoin greatly affects other altcoins.

isaac_clarke22

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Quote from: Fivestar4everMVP on December 26, 2022, 12:48:05 PM

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Doesn't matter anyway even if Bitcoin lost more than 60% since other coins are surely going to follow its percentage of loss. I'll be also optimistic that whenever I log my PC one day by 2023, there would be a selling point waving at me at any date that time. I won't be disappointed if it didn't though since I am not putting my eyes 24/7 in my crypto investment since I had a lot of things to do that year considering that vacation would be now over for many of us.

I am not surprised that prices these days are kinda meh considering that we're on holiday season anyway.
For my overall preparation, it would be just buy more when I can then just forget about it in a week or two.

coinerer

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I haven't prepared anything for 2023 so far. Because I think investing in crypto doesn't require any specific year or day. Whenever I see Bitcoin or any potential altcoin at a dip, I like to invest in it. So I just wait for a new ATL. But 2023 might be the time for Bitcoin's last dip. Because we may never see Bitcoin so low in future . op I'm very confused about the token renec you mentioned. Because I can't find its potential. I still can't figure out why you are promoting this

AakZaki

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Quote from: Johnyz on December 28, 2022, 05:31:32 PM

Preparing for the next bull run should be our priority right now, because recovery will always happen and many are hoping for the 2023 to be a great year again for cryptomarket. I’m just doing cost averaging with the top altcoins and with Bitcoin, I’m not making rush though to buy instantly every time I get extra fund, I’ll buy some this is my simple preparation and I know this will be worth it.

Buying gradually would be very good to implement, because we also have to see how the crypto market moves. 2022 will be a year filled with bearish, of course we have got a lot of assets that are quite cheap. The year 2023 is in preparation for some recovery. Always use spare cash to buy at a lower price. selecting the top bitcoins and altcoins that have potential is certainly a priority. bull market is coming soon, we all know, just need to be patient and hold on to what we have for now.

MinoRaiola

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Based on many different predictions, there is a lot of time in 2023 until there are many green days/weeks again. Unless something extremely happens. In the past, the years 2014 and 2018 were very bad. But the following years very good. So normally after a bad 2022, 2023 should be positive for bitcoin. But you can't compare the 4 or 8 years 100% with the current time. Each of us should have "enough" bitcoin. All other coins outside the top100 coinmarketcap are for me a bet, similar to a sports bet. What you can do, there are many interesting projects. Prepareing for 2023 with btc is not wrong i think.

oaz7t

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Quote from: Shamm on December 28, 2022, 06:33:55 PM

In 2023 still hoping that the price of my coins holding right now will go up higher. Preparing some extra money to buy bitcoins nowadays is what I am doing and still buying and holding until there's a sign of victory cause I know starting this upcoming 2023 the market will do better and
even though not totally recovered but I do hope so that this upcoming more year's will be better

Thats what everyone is waiting for. It's good that you are trying to save money for buying more and more bitcoins. This is the advice I am also trying to follow. Though many of them came in with the impression that bitcoin had bad year this 2022 but I believe it was amazing opportunity for us to buy. Just above I mentioned that it pretty good that we are close to halving which means we are going to be in the right position of selling. Now, the selling entirely depends on one fact and that's whether we are well above BEP or not. Whether conditions for bitcoins are favorable in terms of gaining more hikes or not. Lets just keep those points in mind and surf the good ride of bitcoin.

DanWalker

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Quote from: DeathAngel on December 28, 2022, 06:10:18 AM

The way I’ve always prepared, I will just DCA & wait for better times to sell. I do not day trade, it’s for morons. We’re still in a bearish period & it could still last all the way through 2023 so the best thing to do is just ignore the price & stick to a plan.

If you don't like day trading or know nothing about it, then you can hold and don't make such ignorant, stupid statements. I wonder how someone with a legendary account like you can say that trading is stupid. I don't know how old you are, but I can say that trading was invented before you were born, trading is used not only in crypto but also in the stock market, Forex...and today's legendary investors all became rich by trading.

Quote from: mich on December 29, 2022, 02:52:25 AM

Well let me be honest that many people like me thought this 'bear market' would not be going on for so long and we would be entering a 'bull market' very soon.
But now we must assume this is not going to be happening and maybe not for long time now.

How long have you been in the market, and have you experienced bear season in 2018? If you have studied the market's history, then you know that what is happening will not stop anytime soon. If history repeats itself, bear season will last longer than you think.

big kid

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I'm mostly just buying Bitcoin. I spent some money on altcoins, but during this bear market, I'm concentrating on accumulating as much BTC as I can.

Victorik

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I am yet to make any preparation for 2023, I had great expectations for 2022, but ended greatly disappointed by the turns of events. So, I am going to take 2023 just they way it comes without too much expectations although I know that 2023 will be different from 2022 it even worse. So, it's going to be one day at a time.

Marcellin9

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I have seen the bear market of 2022 which is truly a bloodbath for many crypto projects and big name chains or DEXes. I still have no faith in 2023 as I forsee, the bear market continues to last in the new year. What can I do with my money ? No more high expectation and just lower it to the very realistic daily needs. Wish me and everybody good luck !

mich

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Well let me be honest that many people like me thought this 'bear market' would not be going on for so long and we would be entering a 'bull market' very soon.
But now we must assume this is not going to be happening and maybe not for long time now.
To prepare for 2023 I am not spending a lot of my extra fiat but I am still buying small amounts of btc, eth, and ada. This project Renec is new to me and is the Remitano exchange but I think it is good to have more options for buying crypto.

jaberwock

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Quote from: DeathAngel on December 28, 2022, 06:10:18 AM

The way I’ve always prepared, I will just DCA & wait for better times to sell. I do not day trade, it’s for morons. We’re still in a bearish period & it could still last all the way through 2023 so the best thing to do is just ignore the price & stick to a plan.

Continue to buy at regular intervals & you’ll be greatly rewarded, it’s really that simple. You need dedication, conviction & patience but there are proven ways to be successful in crypto.

Day trade are for risk takers or to those who have a good skill in trading but if you are a newbie in crypto or in trading and then you jump in there directly then yeah you are a moron Cheesy

. Bear or Bull, there will always be a way for a professional trader to earn because some coins don't stop fluctuating. If you choose to be a long-term investor then yeah ignoring the price or completely abandoning this market for a while is a big help to stick on your plans.

Quote from: danherbias07 on December 28, 2022, 02:31:31 AM

Mentally though, we must also be prepared. There's a chance this 2023 won't go as we expected and another fall may come. I am not being pessimistic but just trying to be flexible about other possibilities. We can't sell now, as all are down by a big percentage. The opportunity to take a profit seems to be far away.

Like you, many people are also bearish in 2023 so don't worry if you have no coins at the moment but you can always prepare next year to buy something. It's holidays seasons now and maybe someone will give you unexpected gifts. You can save that as well for investment purposes.

Shamm

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In 2023 still hoping that the price of my coins holding right now will go up higher. Preparing some extra money to buy bitcoins nowadays is what I am doing and still buying and holding until there's a sign of victory cause I know starting this upcoming 2023 the market will do better and even though not totally recovered but I do hope so that this upcoming more year's will be better.

o48o

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Quote from: Fivestar4everMVP on December 26, 2022, 12:48:05 PM

-cut-
And speaking of new altcoins, ive been investing in Renec in preparation for 2023, Renec blockchain is one of the best projects I've found so far, the project was fully launched in October 2022, since then, usage and activities on the Renec blockchain has been increasing day after after, it's one project I wouldn't want any body to miss, -cut-

Why can't i find any white paper for renec or working homepage?

Quote from: Fivestar4everMVP on December 26, 2022, 12:48:05 PM

So, how are you preparing for 2023, what or which altcoin are you buying in preparation for 2023?

I am still accumulating Dusk, and scraping NFT floors with active community is risky as hell but i am going to do that too. NFTs have served me well in the past when no one were even interested in them. And i am always hunting for new protocols, new break troughs in the field and new possible trends. It doesn't mean i always found them but at least it won't be because i am not trying.

Why you bully me

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I believe Cardano is going to be great for 2024. They are doing such big updates just like vassil upgrade. Monero too as it really is the true cryptocurrency by literal sense. Monero may be for even longer term and perhaps ADA too. But Cardano seems great for 2024 bull run though.

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