Long-term Bitcoin accumulation continues - page 3.

nullama

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Quote from: dansus021 on January 02, 2023, 11:08:10 PM

surely it will keep increasing year by year crypto is mainstream nowadays big media on the television already cover the news even tho sometimes is bad one but people will start to look at it. and people who believe will try and not mention that some of big companies join the crypto industry make this fast paced tech

Absolutely.

You now see ads for exchanges basically everywhere, metro stations, stadiums, etc. Those are aimed to basically the whole population.

What was first only available in a mail list about cryptography is now displayed everywhere.

Even if people don't have any bitcoins, they know what it is.

And eventually you'll see more and more people getting some Bitcoin, so that means that the demand will continuously grow.

Altcoins are always going to be there confusing new people, but in the end Bitcoin is the only one that will remain alive anyway.

dansus021

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Part of AOBT - English Translator to Indonesia

surely it will keep increasing year by year crypto is mainstream nowadays big media on the television already cover the news even tho sometimes is bad one but people will start to look at it. and people who believe will try and not mention that some of big companies join the crypto industry make this fast paced tech

batang_bitcoin

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Each year, there's the reality that the actual market exposes it and that's actually good for every individual that's in the market. Knowing that real bitcoins are out of the exchanges and they're having hard time taking back the trust of everyone. It's nice to see that a little by little everybody get to hold their own bitcoins through their own wallets. There are still some holders that have kept their bitcoins/sats on exchanges but eventually, they'll learn the importance that they should be the one holding it and the same goes for everyone that keeps on accumulating. Although it's more convenient to have it kept in an exchange but it's safest to keep it on our wallets.

Vaskiy

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Quote from: GreatArkansas on January 02, 2023, 01:50:29 AM

Quote from: OcTradism on January 01, 2023, 07:49:58 PM

Quote from: Ultegra134 on January 01, 2023, 01:23:04 PM

As much as people may claim that 2022 was a disappointing year for cryptocurrencies, I beg to differ. I'm not actively purchasing Bitcoin, but I'm saving each signature campaign payment I receive, which is pretty much the same thing.
(...)

Bear market is perfect for accumulation by buying or by saving from your signature campaign payment. Imagine that now we can receive our payments in bitcoin with 3 times more than when Bitcoin was about $60,000. It is a great time for working and saving in 2022 and 2023.
(...)

This is already proven in every cycle. Just like before the 2019-2022 days when we see a very long period of a bear market and we saw multiple dumps happening the Bitcoin. And that's the time I keep buying Bitcoin at cheap prices.
I didn't regret it before, and that's why this 2023 - 2024, I'm looking forward to doing it again and accumulating Bitcoins at low prices.

Very long term of bitcoin bear market, but there is regular price fluctuation happening. We need to act wise and make use of the fluctuation. It is time to accumulate as much possible, and never intend to wait for the low bottom and invest. Because, we don't know what is the low bottom. In the event of waiting to invest at the bottom we'll miss opportunity. Good is to do DCA.

Hispo

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Quote from: worle1bm on January 02, 2023, 02:10:36 AM

Is there any possibility we could see how much investments were made this year at cheap rates?

There are webpages which summarize an approximated percentage of new addresses and whether they are holding at loss or not.
If people decide to hold more this year the metrics should suggest an steady increase of new addresses and transactions through the year regardless the relatively low price we are seeing lately. This is one of the webpages I have seen which shows some interesting metrics about Bitcoin and some altcoins, I invite you to DYOR, though.

https://app.intotheblock.com/coin/BTC

aylabadia05

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Quote from: GreatArkansas on January 02, 2023, 01:50:29 AM

This is already proven in every cycle. Just like before the 2019-2022 days when we see a very long period of a bear market and we saw multiple dumps happening the Bitcoin. And that's the time I keep buying Bitcoin at cheap prices.
I didn't regret it before, and that's why this 2023 - 2024, I'm looking forward to doing it again and accumulating Bitcoins at low prices.

I would also like to add that it is always nice to be able to get additional amounts of Bitcoin into the wallet when the price is relatively cheap like now. The bear market situation in 2022 was relatively long with various incidents that occurred as described by the OP and the effects still lingered until the beginning of this year.

The concept of long-term hodl will continue and still needs to be the main choice in investing in Bitcoin. If some investors are comfortable with short-term profit targets, that is of course their right.

worle1bm

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It's good to see that people are having that long term holding approach in their mind and it's rising each year.This is happening because people have seen that it's profitable in that case but with increased adoption around the globe the holders are also rising and hope to see numbers increasing even more this year.Is there any possibility we could see how much investments were made this year at cheap rates?

GreatArkansas

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Quote from: OcTradism on January 01, 2023, 07:49:58 PM

Quote from: Ultegra134 on January 01, 2023, 01:23:04 PM

As much as people may claim that 2022 was a disappointing year for cryptocurrencies, I beg to differ. I'm not actively purchasing Bitcoin, but I'm saving each signature campaign payment I receive, which is pretty much the same thing.
(...)

Bear market is perfect for accumulation by buying or by saving from your signature campaign payment. Imagine that now we can receive our payments in bitcoin with 3 times more than when Bitcoin was about $60,000. It is a great time for working and saving in 2022 and 2023.
(...)

This is already proven in every cycle. Just like before the 2019-2022 days when we see a very long period of a bear market and we saw multiple dumps happening the Bitcoin. And that's the time I keep buying Bitcoin at cheap prices.
I didn't regret it before, and that's why this 2023 - 2024, I'm looking forward to doing it again and accumulating Bitcoins at low prices.

valeneu

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Quote from: Ultegra134 on January 01, 2023, 01:23:04 PM

As much as people may claim that 2022 was a disappointing year for cryptocurrencies, I beg to differ. I'm not actively purchasing Bitcoin, but I'm saving each signature campaign payment I receive, which is pretty much the same thing. On average, I'm "purchasing" $200 worth of Bitcoin per month. The amount of Bitcoin I received in 2022 is significantly larger than in 2021. Thus, this market condition is a great opportunity to acquire as much as possible for the distant future, when we'll hopefully start seeing a recovery.

It is a good choice to accumulate Bitcoin for a long time, especially during the bear market, it is very suitable for buying and accumulating. The Bitcoin halving period is approaching, Bitcoin will become rarer, and it will inevitably become more and more valuable. Now is a great time to hold and buy Bitcoin, accumulating and benefiting from a bull market.

OcTradism

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Quote from: Ultegra134 on January 01, 2023, 01:23:04 PM

As much as people may claim that 2022 was a disappointing year for cryptocurrencies, I beg to differ. I'm not actively purchasing Bitcoin, but I'm saving each signature campaign payment I receive, which is pretty much the same thing. On average, I'm "purchasing" $200 worth of Bitcoin per month. The amount of Bitcoin I received in 2022 is significantly larger than in 2021. Thus, this market condition is a great opportunity to acquire as much as possible for the distant future, when we'll hopefully start seeing a recovery.

Bear market is perfect for accumulation by buying or by saving from your signature campaign payment. Imagine that now we can receive our payments in bitcoin with 3 times more than when Bitcoin was about $60,000. It is a great time for working and saving in 2022 and 2023.

You don't buying bitcoin but by saving your payment, you are doing Dollar Cost Averaging proactively too. That is a good plan for a next bull market, in 2024 and 2025.

Anonylz

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Am glad to see that real bictcoiners are not disturbed by this short-term FUD and the general market condition. Smart investors know what to do during times like this, those who are into short and quick profit are the ones always making the loudest noise anytime the market is down.
Despite the long bear market, smart investors are busy accumulating without being affected by whatever negative news is out there, this speaks volumes.

Ultegra134

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As much as people may claim that 2022 was a disappointing year for cryptocurrencies, I beg to differ. I'm not actively purchasing Bitcoin, but I'm saving each signature campaign payment I receive, which is pretty much the same thing. On average, I'm "purchasing" $200 worth of Bitcoin per month. The amount of Bitcoin I received in 2022 is significantly larger than in 2021. Thus, this market condition is a great opportunity to acquire as much as possible for the distant future, when we'll hopefully start seeing a recovery.

The Cryptovator

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Last year, not only Bitcoin but the entire crypto market crashed. However, that was an accumulating zone for those willing to take advantage of the volatile. Bitcoin appears to be fairly stable in recent weeks, with little movement up or down. I'm not sure if this is a sign of an uptrend. As far as I can tell, Bitcoin is repeating history. So, at the very least, we can expect another bull run and good profits from those who accumulated during the past year. Now it's a matter of whether some good news occurs this year. To avoid unwanted incidents, funds should not be kept in any centralized wallet or exchange.

Leviathan.007

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Quote from: Symmetrick on December 30, 2022, 03:13:49 PM

The year 2022 has come to an end, it was an extremely bad time for short-term speculators and market tourists who were trying to make money on bitcoin in a short period of time. For many, this did not work out, because bitcoin almost always showed negative returns, and if we take quarterly reports, then for the first time in the history of bitcoin, all quarters turned out to be unprofitable.

But the gloomy market picture of the current year does not affect the accumulation of bitcoin by long-term holders. On the contrary, savings increased:

Long-term savings continue from mid-2021.

It is also worth noting that there is less and less real bitcoin on the exchanges, the constant withdrawal of bitcoin from the exchanges has led to the fact that 88% of all bitcoins are not currently on the exchanges. Apparently, people have finally begun to understand that digital gold should only be stored on wallets for which you have a private key. And the exchanges themselves are not credible now, each exchange can now be the next FTX. Keeping your valuable bitcoins there, to put it mildly, is not reasonable.

In 2022, the number of addresses containing from 0.1 to 1BTC increased:

This report is very interesting and especially because are reporting for the long term and this shows us how bitcoin is growing fast in the long term even if you don't consider the price and only talk about the number of bitcoins inside private wallets or the number of active wallets, however, I think the reason to see more address containing huge amount of bitcoins is the bear markets of this year and this shows is how some people are using the chance and buying more bitcoins.

Yamifoud

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It is quite interesting to see the growth and continuous Bitcoin demand despite the economic situation we have. I can feel that many people still have hopes in Bitcoin than just keeping it in fiat where the inflation surging high. Bitcoin now is the saving place for those who want to keep their money growing.
I was expecting more adoptions this year 2023 in this case. More companies will open their door to having Bitcoin as another payment option and also see people using this to buy stuff.

Yatsan

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Probably because of larger community of users. But as we can see on the chart, there's no consistency with the market price increase over years; you'd only see it as rising in the broadest perspective or for the long run. But this should not be something to rely on towards being too optimistic of this industry. Indeed, potential is there but given that adoption of this technology across countries are not official and is still on progress, things may still happen and that includes unfortunate one. This is simply a reminder that as investors, we should still be cautious with our decisions such as whether to invest or not, right time to sell or hold. Just do not be confident in order to avoid regrets if ever uncertain events happen.

Z-tight

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Quote from: ilovealtcoins on January 01, 2023, 12:13:25 AM

Yes, the future of bitcoin is never certain, even though history has repeated itself in the past, that does not mean bitcoin will continue to repeat itself in the future. Never declare or assert that bitcoin will increase in price in 2025 or it will last forever in the future, everything is just speculation, so invest with the possibility of loss.

You can say that nothing in this world is certain, people correctly do say that, but there are things that are very less likely to happen, even less than a 1% chance to happen. It is only because of the law of nature that we can't mark something as being 100% safe, even if we can trust it. BTC's future is certain, it will rise in the long term, and we know the network isn't going to collapse like altcoins. History surely repeats itself, but i cannot predict the exact year that BTC will set another ATH, but i know it will, if one is investing with an amount they would not need in the short term, the possibility of selling at a loss is very low, except they get influenced by fud.

pooya87

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What we see on the price charts is the work of traders and sometimes like the past couple of months the work of market manipulators. It never represents the adoption, not directly anyways. The real adoption is constantly rising which is why the number of addresses holding a certain amount (usually small like 0.1) of bitcoin is increasing since every day new people decide to start buying, specially when they face inflation in their local fiat currency thanks to non-stop printing of it then they see the only currency that has a limited supply called bitcoin.

As for accumulation, it always happens in the dip by long term investors or I like to call it "smart money" that is entering the market at an excellent point regardless of what may happen in short term. We always see them buy the dip silently while everyone else is crying about price not going up.

ilovealtcoins

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Quote from: Jawhead999 on December 31, 2022, 11:29:38 PM

Quote from: OcTradism on December 31, 2022, 10:35:57 PM

Those who are accumulating bitcoin are smart. They have good time to buy bitcoins with cheap price that they won't see in 2024 and later.

Are you own a crystal ball? how you can be very sure Bitcoin price wouldn't down to $20K or below? Bitcoin has high volatility and anything can happen if you're very careless about the risk. Although Bitcoin have repeat it own history for 2 times, but you must be prepare if Bitcoin didn't make any new ATH at 2025. Even Bitcoin make new ATH at 2025, I think there's a high chance Bitcoin would drop to $20K when bear market happen in the future.

Yes, the future of bitcoin is never certain, even though history has repeated itself in the past, that does not mean bitcoin will continue to repeat itself in the future. Never declare or assert that bitcoin will increase in price in 2025 or it will last forever in the future, everything is just speculation, so invest with the possibility of loss.

cryptoaddictchie

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Quote from: OcTradism on December 31, 2022, 10:35:57 PM

When Bitcoin was $60,000 months ago, I felt that my dream to own 1 bitcoin will never be completed. Now it is more realistic and touchable for me. I keep up my accumulation and stack up bitcoin.

Felt the same. I really thought the rally would be one sided and me thinking that having more than 1 bitcoin is just a dream. But with the current market price, we could catch up to those who are holding multiple bitcoins as these cheap prices wouldnt be available again when the btc and crypto market goes wild in the coming years.

Yes it was a heck of a ride for this year, but this will not slow down process of blockchain and especially the value of btc.

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