Topic: Long-term Bitcoin accumulation continues (Read 891 times)

In keeping a long term Bitcoin investment, it is best to stay abreast of the latest news about Bitcoin and cryptocurrencies. In addition, it is necessary to consider using appropriate and reliable security technologies, such as secure digital wallets, to keep investments safe.

Buffet would feel that he is very right about cryptocurrency by looking at fiascos of Terra $LUNA, $UST de-peg, FTX and $FTT collapse and bankruptcy as well as other bankruptcies of some big companies like Celcius, Voyager, Three Arrows Capital, BlockFi ... However he is not right about Bitcoin.

With Proof of Work, only 21M BTC in supply, no owner company, no risk from over-leverage by owner, no greed from a single owner like Do Kwon or SBF, no chance to see fiasco like altcoin fiascos.

Bitcoin is a best for long term investment.

In 2023, bear market is continuing and accumulation is necessary to complete the bear market.

Accumulation trend

maybe now many people are starting to know about how important it is to buy bitcoin and keep it for a long time.
and now people are starting to realize that the safest way to keep bitcoin is in a wallet.

hopefully bitcoin continues to prosper.

No one really knows if the price is "cheap", it all depend on personal circumstances.

If you mined with a CPU then the current prices are not felt as "cheap".

If you bought at the ATH, then the current prices are a bargain.

The thing is that in the future everything will keep changing, and you'll never know at what price it will be selling then.

It is left for us to buy Bitcoin now that the price is s cheap and accumulate it no w so that we can sell tomorrow when the price goes up. That is who investors roll out there plans and become more richer tomorrow with a mindset to plan for the future so they can make significant amount of money that would continue growing.

We don't know the future of the campaigns that we are in, if they will last long or not so I wouldn't say consistently but as long as they are still running well, let's make it a habit to save up so that we can secure our future especially if we don't have other jobs right now. If ever we have, then we can still do another DCA, if we want to, so that we greatly increase the number of Bitcoins in our wallets.

We are now in a new year and it seems that things are getting better this time. Just a little more patience and we guys can now enjoy a bigger profit from our long-term investments. Long-term or even short and mid-term, all are worthy as long as you know how to utilize them properly.

It's a relatively safe-ish way to accumulate Bitcoin, without risking your own money. It's still money since you could also use an exchange's address and sell them immediately, but if you're being paid a fixed amount in dollars, saving it seems like the best option in the long-term. In our case, having realistic expectations is a must. We shouldn't anticipate yielding 10x gains; I'd be satisfied with a 2x yield too, which shouldn't be too much to ask for. Anything between $50,000 and $60,000 is quite realistic and could be expected in the upcoming year or two.

These are the right thoughts, because now Bitcoin acts as a protective asset, it simultaneously protects our funds from inflation and is a long-term investment that can make us very rich people in the future. Buffett is still a long way off, of course, but he shows us a great example of how long-term investments can turn into huge fortunes.

I'm likely following the same strategy, my bitcoin investment will be long term, I'll only take some after reaching my goals and the rest will be held. Thus, I will be calm for my funds and they will rise in price and bring me income, in my opinion this is ideal.

Honestly, you have made a mistake by holding onto your bitcoin for so many years without ever spending it. I believe this is one of the biggest mistakes if you aim for mass adoption. If you do not get the economy going, holding onto it will be of no use. Nakamoto's true philosophy was to create a currency that would free us from the financial system, but this cannot be achieved if you hold it as an asset.

It's great that more and more people are accumulating bitcoin and not betting against it by selling/ trading it. But I still think that we will see lower prices going forward. But as I always say, DCA is the BEST tactic in any condition.

I think that is basically the same thing, you guys are talking about the same thing if you ask me. I know that it doesn't look like that most of the time and you think asset should be sold when it reaches a certain level, but it doesn't have to be sold. Look at Warren Buffet, that dude has been holding some stocks for over 4 decades now, which shows you that you do not have to sell your assets.

This is why buying and holding bitcoin for decades could be called anything, long term investment, asset, currency, whatever. I believe it is one of the best out there and I am one of those people who call it an asset and I am not planning on selling it anytime soon.

If your thinking about investing in Bitcoinn, you better have your wits about you. It ain't no easy-peasy decision to make. Some peeps have scored mad dough off of it, but that's not alwayys the case. Dont be all caught up in the price and tryin to make a quick buck, you gotta think long-term, homie. In my opinon, Bitcoinn aint just an investment, its a freakin revolution in the financial game. That's why I'm holding onto my Bitcoinn for the long hall and only sellin when I need to. But let's be real, cryptocurrency investments are high-risk, high-reward situations, so you gotta play it smart and invest with cautin. The golden rule is to never invest more than what you can aford to lose, playa. That way, if the price tanks, you aint gonna be left cryin' in your beer. The key to success? A solid investment plan and stickin to it like glue

itcoin price is going up bit by bit and I am planning to buy more btc,since this is the period to accumulate btc till when its the right time to sell. I have only participated in a week signature campaign with hunnyplay when I was a member before they went on restructuring their platform. Funny enough,I still have that btc in untouched in my wallet. Piling my btc to 1btc is my dream but will I be able to resist selling to make profit, when btc hits ATH..nah,that time I might be tempted because I will love to enjoy from my investment.
 

Indeed, this is exactly the same as risking your own money, it's just that what you do from a signature campaign as a side job that makes money can still be used with long-term investment, it's really extraordinary if you keep it up to 1 BTC, why not if maybe if the campaign continues right?

In fact, I will also continue to accumulate bitcoins in any way, including risking my own money that is put in bitcoins, if for example there is an additional trade, airdrop or signature campaign that is still running then I will take advantage of that profit to be included in bitcoins to be used hold on because it's one of the best where we hold on longer.

You shouldn't think like that.
If you think Bitcoin is a long-term investment asset, you will be lost the asset when the price target catches up and you sold the assets.

don't waste your time with the price.
yes, I know you will got a profit when buying it for $10k and selling it for $60k. then you buy again at 20k and wait until further more, is it not tired?

I have a public idol who has never sold a dime of bitcoin since 2013 he just buy and never sell it. he thinks bitcoin is not an asset investment, but currency, people never sold the currency.

It's still work though, as you could be doing something else in the time that you're writing posts.

But having said that, it's a nice bonus for providing value to the forum.

I think sites are going to start doing this, like Stack Overflow, where good users actually get sats through lightning.

It's the future of the web, or at least a part of the web.

Oh yeah me too! It's one of the way to accumulate bitcoin consistently. It's my own little way of doing DCA since it is assured that you are being paid every week and you will not worry about the hassle of buying bitcoin with your own cash every week. Its hard to expect a good profit from what we are standing right now, I believe it is just way more better to just wait and be more consistent in doing DCA and not touching the payment we are collecting every week. Long term is more worthy since we know that tit will appreciate over the time.

Short term dealers or investors are not yet ready to invest or trade. If anyone wants to enjoy and make good profit in bitcoin investment then the person must engage in long term investment. When I started the journey in 2022 April bitcoin has started coming down even at that it was at the bull for some guys while a bear at others. Even as it is now that bitcoin is 24$k it is a bull for some while it is a bear market for 99% of bitcoiners. This year might me a good year for many. The halving is continue.

2022 was not a disappointment year, it was a great blessing for many plus me. I bought in lower rate and hodling it for the next bull market to deepen it.

I'm doing exactly the same. Receiving regular payments from signature campaigns is no different than purchasing Bitcoin yourself. It's actually a great way to acquire Bitcoin if you're not willing to risk your own money. You could potentially sell the minute you receive your payment, but personally, I don't think it's worth it; holding is much more beneficial in the long-term. I'm a little away from my DCA, which is sitting at approximately $28.000 since two years ago when I started receiving signature campaign payments, which isn't too shabby. There's a decent profit margin to be made.

Yeah accumulators (aka smart money) keep accumulating over time and less and less bitcoin is on the open market long term. But newbies and short termers and traders leave during bear markets. Then when they come back (will start again this year) they are buying up much less supply, hence price rises to new much higher levels every cycle.

Just imagine in maybe a few years when we've got like 100 million accumulators just steadily buying up Bitcoin, and a few hundred million newbs and short termers and traders trying to get the little bit that's left over.

I tried with you at every payment for the signature campaign, it will not be sold but kept on hold until it can accumulate more because I believe it will be better than selling just a moment after the money can run out.
If you save in every payment then this is the same as DCA every week I myself is $60 and $240 per month is enough for me to save bitcoin as an additional accumulation and while for other data with bitcoin that I bought before it is also differentiated so that the two are should go well.

I think Bitcoin is a long-term investment asset, and investment products will definitely decline, so don't worry. You can make your own plan and buy where you think is appropriate. After one or two years, you are checking whether your assets have doubled.
If you want to invest in the short term or choose altcoins, altcoins can bring you huge profits in the short term, but the risk is higher than Bitcoin.

Public awareness of Bitcoin is increasing, they choose to spend their money on Bitcoin and then save it for the long term. On the other hand, Bitcoin holders have learned a lot about storing assets properly. The case that happened to FTX has taught Bitcoin users a valuable lesson not to store assets on any Exchange.
This opportunity does not come within three or four months, for those who understand the cycle of bitcoin's journey will make this the best moment to take profits when spikes occur.

I'm happy to see such evidences, because it means the real decentralization of bitcoin is happening, maybe in minor scale, but it's happening. Small investors are growing their holdings, while whales are decreasing theirs. It leads to less market manipulation on long term, while increasing adoption from new investors who will help to decrease centralization of bitcoin even more futurely. I believe we can expect a less volatile bitcoin and less crashes in the market futurely.

This is actually the most rewarding part of the bear market. I used to receive approximately 1 to 1.2 mBTC per week, I'd have to wait 8 to 10 weeks just to earn 0.01 BTC, while now I need only 3, since I'm receiving more than 3 mBTC per week. Campaign signature earnings are no different from buying Bitcoin yourself, on a weekly basis, taking advantage of the Dollar Cost Average (DCA), reducing your risk, and setting a lower average purchase price. Generally, it's a great opportunity to accumulate now that prices are low, however, due to a personal crisis I'm going through, I refrain from using my own money.
History repeats itself, this bear market is similar to 2017-2020 bear period. A recovery is very possible within the next one to two years.

The problem with the word "altcoin" is that "babydogeelonflokishiba token" and ethereum are both called altcoin. I do not agree with you on saying all alts like that, I think ethereum and bnb are good, but that doesn't mean that I disagree with you when it comes to shitcoins like outside of top 1000 type of stuff.

This is why I believe that we shouldn't be really considering all alts the same. Bitcoin is by far the best, it is just unbelievable to me that people are not accumulating bitcoin right now, some do but the whole world should do it, every single person who doesn't makes a mistake if you ask me, but I believe it wouldn't be bad to get some ETH neither.

It's hard to trust Altcoins, even with thousands of fraudulent projects spread, only Bitcoin is the safest place to invest. I mean safe from this type of fraud under the guise of a new project. I'm not too focused on dropping money on altcoins, and right now the accumulation of BItcoins in 2023 is very profitable apart from the price point of view but the remaining time to welcome ATH is still enough to collect more preparations.

Although the crypto market is not optimistic now, there are still many investors who continue to accumulate more bitcoins. Markets are always volatile and it is wise to accumulate as much as you can than the volatility of cryptocurrencies. Prices will be bullish again when the market recovers and demand for it continues to increase.

Yes, altcoin is good for even more early adoption if you can pick the best one, but yes newcomers also confusing about this one because scammer using this as base and people who don't understand much they will also say bitcoin is scam

IMO, the change that happened this cycle was due to institution like Tesla and Microstrategy and many more joining the market, these entities don't think like the crowd. Now as the bear market continue, we see that the crowd are buying while institutions are selling to pay expenses/taxes...
I honestly don't think institutions will let this mature market because the profit probability is high, thus they will try at some point to hold the price down so they can accumulate later, especially with the recession warning news and the global economy problems. We can agree that Bitcoin price will increase in long term, but in the shorter term it looks like more downside is highly probable.

People who are always interested in short-term deals are currently dissatisfied. Around 2020, I was aware of the prices of bitcoin, and when the bull run began, I was shocked and heartbroken because I had nothing. This year, I don't want to take the chance that there will be a chance to take advantage of the next bull run. And accumulate as I can the next one is going to be huge.

I don't mean to dismiss what a bad year 2022's been but I still feel like 2018/19 were really bad years that this year still hasn't quite matched up to. Those years, we didn't really have much in terms of Bitcoin internal issues (2017 was the threat with the network split, in my memory). FTX and Terra etc... these were big events but we still maintained a low just below 2016.

I feel like it's not really a big huge deal for cyrpto considering how many bad years we had followed by great years eventually. Sure 2022 was a terrible year and we have lost more marketcap this year than most marketcaps total in previous years. But that doesn't mean that we should be sad about it, because that could also mean that we are going to grow bigger than most marketcaps total.

Like we could have a bitcoin marketcap growth bigger than the total marketcap of all crypto right now, we just need to wait for it. I can see bitcoin being worth 3-4 trillion dollars total, and that is not impossible, we just need to wait for it and it will happen eventually.

With each cycle, it is easier to believe that bitcoin will rise further, because in each bear market, its lowest price is quite high compared to previous bear cycles. Sometimes I have thoughts that in the future this may change, there will be no usual cycles, maybe they will become more in time, or less, or maybe the chart will become more similar to the chart of some more stable asset. But at this stage, I have confidence in bitcoin, because I believe that the price is low enough that we can be invested in bitcoin without fear.

Now it is worth trying to accumulate as much bitcoin as possible for a long-term investment, in the future it will bring profit. And also taking into account the growth rate of inflation, bitcoin can protect our investment, BTC can be excellent defensive asset.

2022 was one of the worst years for Bitcoin. The crypto market was preparing to turn bearish at that moment Luna fall down. Ignoring that situation when there was some positive reassurance, the fall of FTX again forced the market to be long term bearish. Even though those are not related to Bitcoin, investors do not have confidence when major exchanges suddenly fall. Bitcoin and all cryptocurrencies will be bullish again when the market recovers from all those negativity.
After the collapse of FTX everyone has learned how to protect their assets. When the market has gone through a long bearish period, we can expect good things after passing the terrible moments of crypto currencies as well bitcoin. So, should prepare oneself as much as possible for the next bull.

Always the best Bitcoin accumulation moment every 4 years. Be it 2022 or 2023 which has just started. Most Bitcoin investors are still consistent in taking opportunity after opportunity and then avoiding negative issues in the market. That's why 0.1 is now experiencing good growth and reaching 1 Bitcoin. Glad that people's trust continues to increase amidst the onslaught of the global economy everywhere. They still believe that Bitcoin is still on track.

I am definitely looking forward this 2024 for the next BTC fork. Just like the past forks that happened, the price of BTC skyrocketed in the market even if it lasted only for a short time. This should be a target among most investors if they really want to maximize their profits in the coming years to come.

Just like any investment, a fork does not guarantee an absolute profit as proper diligence and caution must still be exercised. Take advantage of all the possible situations as long as your initial investment is higher.

Despite the cold market conditions, there's still a lot of investors who tries to accumulate more as the time goes by, whether if it's new or old investors, their aim are all the same and that is to take advantage while the market is still cheap because time will come that bitcoin will recover. Good thing for those who truly understand the bitcoin's nature and that there's really no need to doubt its existence because it wasn't created to give people a hard time.

Mostly, just like as you've said, people who are into short-term holding are the ones who are affected but for those who are into long-term, they just don't care about the current price because their vision is already far enough to care about the present.

It can fall to $20k or below it. I remember what happened in March 2020 but I implied that Bitcoin will have bigger hashrate on its network. Its adoption will be bigger and it leads to bigger demand.

Supply and demand rule, its price will increase with years. Its volatility will reduce in future, will become smaller in my opinion.

A new all time high at 2025, if Bitcoin won't make it, I won't die. From $17k to $34k or $50k is already too good profit. If Bitcoin network won't die, I won't die.

This means that not all bitcoin conditions can provide an appropriate return within a certain period of time. This year bitcoin has been in a state of negative returns, short term is not the best time to enter the market in any given year. Now we look forward to a positive quarter for bitcoin's journey, and hope that 2023 will be perfect and can show a green line in the gradual recovery.

Long term holders are always more influential in collecting bitcoins, no need to worry because the cycle will work according to the precision and that means we will experience a return phase and bitcoins always look special to hold.

There is always a debate when people keep bitcoins in a safe place (exchange), we have learned a lot from cases of FTX and other exchanges that have had problems.

And today we learn to understand bitcoin even further, because if it is true that 88% of bitcoins are not on exchanges, then there is a requirement to store bitcoins in a safer place (a wallet that has privacy), the remaining 12% of bitcoins today are traded freely on any exchange. If you look further, the more people who hold bitcoin outside the exchange, the more likely it is for bitcoin to reach the next ATH, because trading restrictions are starting to be limited by people who own bitcoin and in cases of bitcoin scarcity on traded exchanges will increasingly have an impact and this is where the economic formula will take effect for supply and demand.

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.

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

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.

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.

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

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.

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?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Bitcoin will inevitably get more and more expensive over the years. It's just math. There are so many companies selling IOU Bitcoin that the price actually should be higher right now as well.

In any case, the Central Banks will be able to have up to 2% of their reserves in Bitcoin from 2025[1]

That's going to be a massive milestone

[1]: https://bitcoinmagazine.com/legal/bis-finalizes-bitcoin-bank-limits

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. I did not have enough 1 bitcoin but I am accumulating too.

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.

I let the time, Bitcoin blockchain and the market do things to make me rich.

New year new pattern.

Short-termism or hoping for short-term gains on Bitcoin is not a good way to go. Not to pass judgment, but it often fails or doesn't work.
Investing in Bitcoin is more convincing if done on a long-term basis and we think that is still very relevant given the constraints on the crypto market during 2022.

Starting 2023, Bitcoin is still at a good point to buy at $16.5K and that price can still be expected to be profitable by choosing to hold for the long term.
Here's hoping the new year brings something new.

In 2022 which has passed yesterday, it is actually the right time to invest for the long term, because you can say that last year bitcoin was at a fairly cheap price point, and it was good to start a long term investment.
in 2020-2021 the bitcoin price soared, so definitely 2022 it's a bear market, and that's a great time to invest for the longer term.

This is true, data shows bitcoin on exchanges is at a record low. But this will only be temporary when the bear season ends and the bull season comes. People will massively send money to centralized exchanges because there is nowhere to sell and trade bitcoins other than centralized exchanges. If people get scared and learn their lessons, people won't use CEX since the mt.gox crash because, in my opinion, Mtgox is much bigger than the FTX crash. We're in the bear season, and people are holding assets, so it's not uncommon for people to withdraw to non-custodial wallets for holding.

surely during a bear market like now people are starting to buy bitcoin in installments and save it for the long term. and I also continue to buy bitcoin when there is a decrease in price. So surely most people will too because everyone also wants to benefit later when the market is bull run. and now is a good time to hold and buy bitcoins.

This year's dismay on the crypto market has made so many bitcoin investors to understand that it is only you that can keep your coin safe in your private wallet. They have come to realize that if it is necessary to use cryptocurrency,therefore, it is their responsibilities to keep it in their custody,in other for them to enjoy the benefits attached to bitcoin and can also hold for long,due to the incompetency of exchanges.

Satoshi purpose of creating bitcoin is gradually being achieved and in no time all the bitcoin investors will be keeping their coins themselves and will dump this exchanges as their wallets. The exchanges will not be able to do whatever they like with their customers funds,exchanges will only be needed when necessary. This is really a great improvement on bitcoin from the safety of scandals,as scammers and exchanges will find it difficult to steal peoples funds. Its is time to extend the period of your hodlings.

It seems to me that several factors influenced here: not only the decrease in the value of bitcoin, but also the fear of storing them on crypto exchanges, which once again showed their fragility.

Those who are interested in saving accumulate no matter what, no matter the downs or the ups, if their goal is long-term.

It will be interesting to know if this dynamic of accumulation bitcoin will continue next year if the price doesn't change much from the current one.

In general, useful research and charts to understand what is happening with the bitcoin market.

I think so, although we have to keep in mind that this cycle has been a disappointment in terms of expected returns and that probably for future cycles we would do well to think that there will not be returns as spectacular as those of the first years.

That said, I think we are in a clear buying zone, as they say in the stock market, or for those of us who do DCA, to increase the amount to buy if your economy allows you to do so.

If we are clear that Bitcoin is the best digital gold, and an excellent payment system especially for transnational payments and in large quantities, we must also take into account that more than 90% of Bitcoins have already been mined, and that within 4 years we will reach the figure of 20 million. With all this, we must accumulate Bitcoin to the extent of our possibilities because it is an excellent and very scarce commodity.

I see this information as good news that is worth celebrating. These exchanges have caused more harm than good. Before this time most unenlightened bitcoiners had their coins in exchanges but the fall of these firms created so much awareness of the indispensability of keeping your investment in wallets that you have its keys. Some people also learned the hard way because they lost their coins in FTX and others.
Most people in my area heard about bitcoin from exchanges but they now know that these firms are not dependable. Hopefully, in the nearest future, the collapse of theae exchanges would not affect the price of bitcoin because most of the coins will be in private wallets.

Yes, I totally agree with this very statement of yours, because this year 2022 was equally also the best year to accumulate more Bitcoin for those who could when the price fell to below $16k and still currently fluatuating around the $16k resistance. So for me, Bitcoin remains the idea best option for long term investment at all times

As you already mentioned in the post, this year is not for people who hold for short term and trade constantly. Pretty much everyone is in a holding situation this year. People now understand and learn how to hold their own assets in their wallets with a private, which also applies to me.

After so much drama with FTX no one wants to risk their bitcoin. A well written post on the last day of the year.

Happy new year!

It was pretty bad from the get go, and to think that the bulk of the reason why this downward trend is continuing is because of two events that are not really related to bitcoin: Luna (TERRA) and FTX. We were showing signs of stability and a possible push back to at least $20k in November, but all of it fell down because of the uncertainties brought forth by FTX's downfall. We were so close into seeing a stable $20k pricing, but SBF and Alameda Research really has to go bonkers and bring with them the whole cryptomarket.



At least people now try to learn at the expense of others. A lot of hacks have happened in the past but people are still not that keen on taking their funds outside of exchanges. They literally waited for one of the biggest exchange to have this scandal before they learn and get their funds to the safety of their own devices/machines. That adage rings true after a lot of people lost their money in FTX due to SBF and Alameda's great money management skills: not your keys, not your bitcoin.

Interestingly, this graph had already been shown on the Italian board a few days ago and we noticed that the older bitcoins are still in hold. And lately there have been large movements of bitcoins supposedly towards external addresses or rather to the detriment of exchanges, this suggests that perhaps for the first time we are beginning to understand how important it is to keep your savings safe.

This was pretty much expected, seeing the price of bitcoin these days it makes a lot of sense to accumulate bitcoin for longer term. It's like bitcoin is available at more than 70% discount. This a really good buying opportunity and one should definitely grab it. Even return investors who are interested in buying or even averaging bitcoin this is the best opportunity for you.

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: