Month January 23 - the best month since bitcoin? - page 2.

Ultegra134

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Quote from: AverageGlabella on January 30, 2023, 12:05:16 PM

Quote from: franky1 on January 29, 2023, 05:17:57 PM

Quote from: Yatsan on January 29, 2023, 04:59:57 PM

Well it could be but I guess it won't mean a thing. What we are waiting for is a total recovery

recovery..?
oh please take your inflation economics words/mindset and turn them upside down(bitcoin is deflationary by the way)

the 2021 ATh was not a point of sustained value. it was a inflation bubble PREMIUM due to burst like all ATH do.
the burst and recovery(correct down) back from a premium to near value point. which in 2022 was a $15k value bottom and a market price bottom of $16k

the recovery happened. now its the growth.
slow growth is good as it gives the time for the non-zero bottom value to grow too (below the market price). without the high speculation volatility bubble and pops of the market price going too premium to pop again soon

The recovery has not happened how has it happened when we were much higher then we are right now? We might be in the recovery but we are not recovered yet. The bitcoin price jump was not because of inflation and btc being deflationary would support the argument of a total recovery. If you believe btc is deflationary then the bottom means nothing and the only concern is recovering to our ath or near enough it. Atm we are a too far away to call this a recovery.

As Franky already mentioned, the ATH wasn't of sustainable value; it was a bubble bound to burst. It was unrealistic to speculate that Bitcoin would just keep gaining in value; it needs sustained growth, and that's what's happening right now. The bottom was at approximately $15,000; now we're back in our growth phase, and that's a recovery. Just because it's not the recovery many users anticipate, due to them taking into account the $69,000 ATH, doesn't mean we're not headed towards one. It's way too early to speculate on the future, but the halving is about a year from now.

Smartvirus

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Quote from: MinoRaiola on January 29, 2023, 03:59:41 PM

I would say, it still comes with the some breath taking risk. From the statistics presented in the charts, the year 2013 isn't the only year that kicked off with the bulls pushing price up. The year 2021 had similar occurance and still, I closed bearish. I could give the same speculation to this year give that, the bears at the moment are very much creating a strong resistance at $23k which still shows there presence and power in the market.
Based on that, we can keep watch and expect the unexpected because, bitcoin price is just something one can't predict accurate just based on records or whatever stats you've got. It would still move in a direction you just weren't expecting. Although, 2023 isn't going to be like last year for sure.

The Cryptovator

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Bitcoin has been performing in a decent manner so far. This month has just one day left. Therefore, you can see Bitcoin's current movement if you compare it to its movement from the previous year. I think that the price of bitcoin is rising this month. Me included, many of us anticipated a Bitcoin correction. However, it didn't occur until now and priced about $23,000. Since the start of this year, Bitcoin has shown strength. As there hasn't been a price reset yet, I am hoping for the best.

Obari

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This is a great news for we crypto lovers and holders and even without doubt, well all agree that Bitcoin despite it's setbacks, has been fighting seriously this month and it seems it's been moving upward positively.
I understand that it will require Bitcoin to surpass $24k in other to hit that expections of OP but just as we all know that nothing is impossible with Bitcoin especially when it comes to prove volatility of Bitcoin.
Let's all stay positive and very optimistic about the price as anything can possibly happen in this last day of the month.

I also don't want to seem like the evil or black sheep here but hope we're also making plans on how to cop just in case the price doesn't move as we expect or predict ?
There are always lots of surprises with crypto (Bitcoin)

AverageGlabella

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Quote from: franky1 on January 29, 2023, 05:17:57 PM

Quote from: Yatsan on January 29, 2023, 04:59:57 PM

Well it could be but I guess it won't mean a thing. What we are waiting for is a total recovery

recovery..?
oh please take your inflation economics words/mindset and turn them upside down(bitcoin is deflationary by the way)

the 2021 ATh was not a point of sustained value. it was a inflation bubble PREMIUM due to burst like all ATH do.
the burst and recovery(correct down) back from a premium to near value point. which in 2022 was a $15k value bottom and a market price bottom of $16k

the recovery happened. now its the growth.
slow growth is good as it gives the time for the non-zero bottom value to grow too (below the market price). without the high speculation volatility bubble and pops of the market price going too premium to pop again soon

The recovery has not happened how has it happened when we were much higher then we are right now? We might be in the recovery but we are not recovered yet. The bitcoin price jump was not because of inflation and btc being deflationary would support the argument of a total recovery. If you believe btc is deflationary then the bottom means nothing and the only concern is recovering to our ath or near enough it. Atm we are a too far away to call this a recovery.

MinoRaiola

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Quote from: CoinEraser on January 30, 2023, 07:20:54 AM

Bullish sign sounds too positive in my opinion. Whether 2023 will really be that good remains to be seen. But overall we can say that january 2023 was a good month for bitcoin. Precisely because the next halving is still a year away, I remain positively skeptical.

Your opinion is probably exactly right at the moment, the price dropp 1,000 USD. But after 2022 we finally have some FOMO again.

Quote from: CoinEraser on January 30, 2023, 07:20:54 AM

You really see everything. I wouldn't have noticed. Quelle is a mail order company. Sorry I couldn't resist making that joke.

Its a German word and I come from Germany, thats my mistake, please forgive me. In germany we say Korinthenkacker. Its also a joke, please don't hit me Grin

CoinEraser

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Quote from: 1miau on January 29, 2023, 08:46:12 PM

-snip- We can say one thing for sure:
A very positive (green) January is an extremely bullish sign for 2023, especially since Bitcoin's next halving is only 1 year away.

Bullish sign sounds too positive in my opinion. Whether 2023 will really be that good remains to be seen. But overall we can say that january 2023 was a good month for bitcoin. Precisely because the next halving is still a year away, I remain positively skeptical. Wink

Quote from: 1miau on January 29, 2023, 08:46:12 PM

What's Quelle, do you mean source maybe?

You really see everything. I wouldn't have noticed. Quelle is a mail order company. Sorry I couldn't resist making that joke. Cheesy

MinoRaiola

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Many thanks for your opinions.

Quote from: Poker Player on January 29, 2023, 11:19:46 PM

Whether it ends up being the best January to date or not, I don't care. It's an isolated statistic that I don't care about.

You are welcome to write the truth. that's okay.

Quote from: BlackBoss_ on January 29, 2023, 11:23:03 PM

Sorry and I am not offending you but what is a difference between 43% and 44.05%? It is a difference but too tiny.

It was only current % that I wrote down at that moment. The price is currently going down again. Everything is OK, feel free to write what you think.

Quote from: slaman29 on January 30, 2023, 02:38:59 AM

The context of being the best month in terms of improvement is that we also went through a period of the worst time in recent months for Bitcoin. You know, like being last in class all the time, and suddenly getting 10th position and being the most improved student in the entire school history

But anyway, I'm not saying it's a bad thing. I think it could be a great thing too actually. Optimism!!

So I wouldn't compare it with 2013 and the coming months. But greed is on the rise again.

Quote from: uneng on January 29, 2023, 04:13:58 PM

Bitcoin has to surpass 24,000$ price range yet, what seems the currently resistance level. I'm hopeful it's still possible to happen, so it's going to be huge news to boost investors' optimism, consequently making bitcoin more bullish for the upcoming months.

If a similar tendency to 2013's repeats itself, we are going to see massive gains on the next months. That would be great to recover at least the 40,000$ price level this year, and then half of the way for the next ATH would be already completed.

There are 10 years between 2013 and today, we can't compare it. But if Bitcoin continues like this for 1-2 months and we see a new BIG NEWS, then 40,000 USD could be possible, hopefully.

slaman29

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The context of being the best month in terms of improvement is that we also went through a period of the worst time in recent months for Bitcoin. You know, like being last in class all the time, and suddenly getting 10th position and being the most improved student in the entire school history

But anyway, I'm not saying it's a bad thing. I think it could be a great thing too actually. Optimism!!

Nrcewker

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Quote from: uneng on January 29, 2023, 04:13:58 PM

Bitcoin has to surpass 24,000$ price range yet, what seems the currently resistance level. I'm hopeful it's still possible to happen, so it's going to be huge news to boost investors' optimism, consequently making bitcoin more bullish for the upcoming months.

I think it will be really tough for Bitcoins to break the resistance and reach 24k usd mark in just 1 and half days. Bitcoins have already proved his capacity by jumping to 23k usd from sudden 18k usd price point. So yes people who have lost faith in BTC, are now again buying it. The sudden price jump had already made hype in the mind of investors, as this will lead to a bullish season. We don’t have accurate results whether Bitcoins are always up during January or not, but yes this time January was a blessing for all the crypto investors.

BlackBoss_

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Quote from: crypticj on January 29, 2023, 11:41:08 PM

Honestly, I still think it will tank down. Unfortunately, the macro economy is still sucked so I expect bitcoin to go to +-15,000. But after that, we will see 100k for sure. But it will probably happen only in 2024.

I am more positive that Bitcoin will climb slowly to about $30,000 after that it will be corrected so seriously. Maybe at the end of 2023, we will see Bitcoin around $30,000 after it recovers from the correction.

A big bull run will be in a halving year so 2024 will be a very great and exciting year for us.

I am not worrying about how Bitcoin will move in 2023 but I am focusing more on my plan to DCA Bitcoin. I don't want to miss a 2024 and 2025 bull run.
https://dcabtc.com/

crypticj

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Honestly, I still think it will tank down. Unfortunately, the macro economy is still sucked so I expect bitcoin to go to +-15,000. But after that, we will see 100k for sure. But it will probably happen only in 2024.

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Quote from: MinoRaiola on January 29, 2023, 03:59:41 PM

A look at the stats shows that the Monar January could be the best since 2013, or the best since Bitcoin exists. I mean only the months of January.

Rather than relying on and waiting for reports from Cointelegraph, you can get it directly from
https://cryptorank.io/price/bitcoin
https://checkonchain.com/btconchain/monthlyreturns_pricing_usd/monthlyreturns_pricing_usd_light.html

Quote

In 01.2013 with +44.05% and currently at about 43%. There are still a little more than two days to go, so it's possible. What do you think?

Sorry and I am not offending you but what is a difference between 43% and 44.05%? It is a difference but too tiny.

And it's better if you compare between two bearish years or between two bullish years. 2013 and 2017, 2021 or compare 2023 with 2019 and 2015.

Lastly Bitcoin volatility looks to be shrinked and less wild than past few years and early years since it was tradable after 2pizzas event.

The Mayer Multiple Chart shows this https://charts.woobull.com/bitcoin-mayer-multiple/

Poker Player

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Quote from: MinoRaiola on January 29, 2023, 03:59:41 PM

What do you think?

What I think is that it is normal that we see these kinds of returns when we have fallen so low. Recovering is logical if we look at the bitcoins mined, the production ratio and the general situation, as Bitcoin was too cheap, and it was normal to return to at least levels above $20k.

Whether it ends up being the best January to date or not, I don't care. It's an isolated statistic that I don't care about.

Fundamentals Of

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It is possible. I think this January will be able to beat the record currently held by January of 2013. There are still around two days left before January of 2023 will end. And it seems the current trend is upward. I think the price would easily surpass $24,000 within this month.

Even if the month closes at $24,000 only, the record is already broken. Coingecko's price of Bitcoin on January 1, 2023 was $16,600. If the month closes at $24,000, that's already above 44.05% of growth. That's a new record.

1miau

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Quote from: MinoRaiola on January 29, 2023, 03:59:41 PM

There are still a little more than two days to go, so it's possible. What do you think?

It quite doesn't matter what I think because prices can go up or they can go down and such a short period of time is not possible to predict: until end of January are just 2 more days. For such a short period of time, it's somehow like 50% chance each for increasing prices or decreasing prices.
Maybe a bit more chance to increase in value because Bitcoin's fundamentals are designed like that (numbers go up) but it's not possible to make an educated prediction when just 2 days are left.

We can say one thing for sure:
A very positive (green) January is an extremely bullish sign for 2023, especially since Bitcoin's next halving is only 1 year away.

Quote from: MinoRaiola on January 29, 2023, 03:59:41 PM

Quelle: https://de.cointelegraph.com/news/bitcoin-sees-worst-monthly-close-in-2-years-as-traders-watch-16-7k

What's Quelle, do you mean source maybe?

maydna

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Ah, that was close to touching $24k. If it can touch the $24k level even a little bit, there's a good chance it will continue to increase. But that's okay, bitcoin still has time to rise higher, and this is proof that bitcoin will go up slowly.

Be patient, everyone, hold on tight to your bitcoin and hopefully, in the next month, the price of bitcoin can penetrate $ 24k and $ 25k well and continue to slide up.

This January, the bitcoin price has attempted to increase from $15k to $23k, and there is still plenty of time for the bitcoin price to keep increasing. And we can still buy bitcoin at the current price. And it could be that $24k will be closing this January, so in the next month, there is more opportunity to increase the price again.

Ojima-ojo

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It quite an exciting moment for those of us that hard low entry level multiple times in the last low and at. This time we are already on profits mergin, but not being a short term investor is what motivates our current standing as none DCA inspired bitcoin holders and at that the price of Bitcoin doesn't move us any more.

But also we can say that it is too early to start predicting a bull run and pahaps we should take this current market situation as bitcoin trying to rebound back to a significant price high, that will sustain it future events and making a push to an ATH when the market have enough liquidity to sustain a new high.

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Quote from: Yatsan on January 29, 2023, 04:59:57 PM

Well it could be but I guess it won't mean a thing. What we are waiting for is a total recovery

recovery..?
oh please take your inflation economics words/mindset and turn them upside down(bitcoin is deflationary by the way)

the 2021 ATh was not a point of sustained value. it was a inflation bubble PREMIUM due to burst like all ATH do.
the burst and recovery(correct down) back from a premium to near value point. which in 2022 was a $15k value bottom and a market price bottom of $16k

the recovery happened. now its the growth.
slow growth is good as it gives the time for the non-zero bottom value to grow too (below the market price). without the high speculation volatility bubble and pops of the market price going too premium to pop again soon

Yatsan

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Well it could be but I guess it won't mean a thing. What we are waiting for is a total recovery on the market price of cryptos. We are not yet sure whether this industry would be able to fully recover this year given that the anticipated increase would be on next year thru Bitcoin Halving. But I am still glad that after months of this market being down, we again saw green marks over this industry and that is a good indicator. More likely, if there would be good things to happen in this industry, we may see atleast half of their ATH price to be reached before this year end. Still a long way to go in the first place and many things could still take place as this year continues.

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