Topic: Signs of a better year for btc investors - page 5. (Read 1061 times)

$17k is quite a significant benchmark that bitcoin has achieved in the early days of this year, but just as you have noted it's not significant enough to be taken for a profit maximization since 17k is still a recovery price and of any noticeable profits can be noticed it will be around $25k price or above that level. But on a general note, Bitcoin and other altcoins have made a significant positive uptrend in this period.

Breaking the $17k resistance is definitely a positive sign, but it is nowhere near significant enough to be something to celebrate over. The main resistance that needs to be broken is $20k and most important of all we need a "trend" where price keeps rising to go back to real intrinsic value of bitcoin to eliminate this current reverse-bubble we are in. Otherwise small rises without a "momentum" have a good tendency of not being sustained.

do you work?
if you work, it's better to use the rest of your unused salary money to invest in bitcoin.
and if you are not working, it would be nice for you to find a job first that allows you to have a salary every month.
because in investing in bitcoin or crypto, it's better to have a steady job, because that will really help in terms of your physical and mental economy, because if you only rely on annual investments it will be difficult, especially if the investment isn't too big.
but I also don't force you to do what I wrote above, but that's just a suggestion, because I also experienced investing in bitcoin/crypto, but I don't have a monthly salary, it's very difficult, because when I have a need, I forced to sell bitcoin, even though the price is dropping.
That's my experience, I hope you are not like that.

I suppose, if we try to be optimistic, it's very good that Bitcoin didn't fall even lower, but it's very close to the bottom now, so I wouldn't say that it's a sign of a better year. Sure, there's a bit of positive movement, but for now it's just tiny fluctuations, not worthy of serious considerations. Bitcoin can still go down or stay at a current 1/4 of the maximum price. 2023 might be a good year, but a year is a long time, and what if it gets better closer to its end? It's important to keep calm and be patient, prepared for a continuation of the bear market. In that case, you'll be mentally prepared for bad times but pleasantly surprised if it's suddenly over.

Well op,  you planning to purchase bitcoin from selling some of your asset is not a bad idea but just be sure you understand that you won't and can't be expecting any profits added to your bitcoin as the market is currently on a bearish run and the price rate of btc moving from 16k to 17k has currently been on the picture for some period of time now. The key to having tangible profit in your bitcoin investment is hodling till another bull run.
  Speculation is what gives everyone hope in the crypto world as nobody actually knows what the future holds or when we will experience another bull run but from researches made i think an expected bull run is likely to be seen in 2024 thats 4 years from the 2020 which was the last time bitcoin reached it highest rate record.

Exactly.

While it is a common theme among the years, where bitcoin and the market overall increases after the holiday period, it isn't a tell tale sign of whether or not Bitcoin or the market as a whole are traveling permanently in that direction. All it takes is more bad news for the economy to send Bitcoin and the market as a whole further down. The only time confidence can increase, is further toward or after the halving. Which is still some time away. Stack your sats in 2023, and reap the rewards in 2024!

There's positive indications thing may go abit higher this month with bitcoin price, there have not been any tangible evidence that led to bearish move since the beginning of his year and with all hope it is believed that the more we are getting closer to halving the more the volatility becomes high and the price surges.


I hope selling your assets will not disadvantage you because bitcoin investment is not what you invest today and harvest tomorrow, it takes time except if you want to go into trading, but neve it's not a get rich quick scheme that people thought, it requires patience and tine, you can also learn about DCA bitcoin accumulation method in purchasing your bitcoin, never force yourself to invest if the finances is not coming, anytime is never too late for bitcoin purchase.

Every year is a better year for Bitcoin investors if they hold their bitcoins.

Bitcoin can have bullish or bearish year but generally we can see it has very bullish trend for its minimum prices of each year since 2009. By looking at yearly minimum prices, we can see that Bitcoin has very good growth. Minimum prices represent what people react on market when there is less greed, most panic possibly and most boring.

Holding your bitcoins a few years is important to have profit.

Thanks for good advice but I currently have zero BTC in my binance app and am not planning to even keep any of my BTC there if eventually all my plans did fall in line because even the binance app I have was created by a friend for so I don't intend putting or saving BTC there because who knows what will happen to my coins since am still new to all this. I was thinking for him to help me purchase the BTC when I have the funds but I think learning the whole process here will be better. Just to be on a safe side so your advice is noted when the time comes for me to buy I will definitely make more enquiries on it.

I never called it a bull season, I just saw it a an opportunity for those people who have Bitcoin to be hopeful about BTC rising and added to the fact that it's a new year and many are expecting lots from this year as no one actually knows when the prices will pump up that's including you because we are all just speculating and hoping for a better year for Bitcoin.

@OP I think it's too early to say this year is bullish since we're don't know how long does Bitcoin market will react the economy recession FUDs. Although there's many improvement on increase the total Gross Domestic Product in US and China is reopen their country to increase their economy, but we need to keep watching the new update.

I appreciate your good advice, but I think it's kinda off topic since the @OP didn't ask anything about to secure his coins and there's no mentioned if he's use Binance as his wallet.

 2022 was a rough year for crypto; what with the FTX and Terra USD saga and the bearish market all presenting a bleak and uninteresting investment for investors. Last year saw Bitcoin slumping 60%. Although we have had instances of where the coin saw a fatal fall, I still believe just as it rose, this year would be much better.
 But I'd exercise a lil patience to see how it all turns out, tho.

Dont get fooled by that false price increase, just wait. Bitcoin price has been moving up and down during last 6 months. I've seen it many times already. Each Bitcoin price gains half thousand, immediately people start to post about market trend change, reversal and bright future. This all was followed by a price drop later. Right now Bitcoin price is where it was month ago. So I would not hurry to call it "a better year". Keep on waiting, holding and observing.

Your point of view represents the good wishes of most people. In short, the current positive signals still make people full of patience for the bear market. I know who said a word, a positive person is like the sun, who will illuminate the haze. When people encounter ups and downs and difficulties, there is a person who gives you hopeful guidance with reason and evidence. Even if you don’t understand, you can Feel empowered.

This is a good move by you wanting to purchase more bitcoin by discharging your old furnitures and appliances as they are no longer in use. Selling them to buy bitcoin is a wise investment as they are no longer in use. They can serve for conversion to cash then as cash you  use it to purchase bitcoin online via p2p or through your bank as the case maybe in regards to your country regulations regarding bitcoin. As you have said, there's no difference from the truth as it is eleven (11) days already and bitcoin is doing just fine.
This calls for reflection on the last year experience on bitcoin and how one was able to manage the situation of the bear market. Most investors bought at high price without them knowing or having idea the bear market would last this long. Although the current market situation now is good I must say but one can not tell the next direction of the market.

If you can, hodle till you see a big good better and significant amount of profit but DYOR first. Like you have said about removing Coin and funds from exchange, that is a good idea as nobody knows who is the next to experience any funny situation hence the phrase " not your keys, not your coin" which I prefer more to keeping my assets with a third party.

There are many expectations for bitcoin this year after we had a bearish year in 2022. I also just checked bitcoin price and bitcoin is above $17.4k, which could be a positive sign for this January bull run. But be careful, as this is not a real uptrend yet, I am pretty confident that this is just a short term bull run, and bitcoin will have corrections any time. But anyway, let's hope that this bull run will be able to last as long as possible after bitcoin's string of net bearish days. This is still a good time to invest, but please be careful, don't get too excited when bitcoin increases in price, and assume that the uptrend has arrived.

Hello! Just an advice though. I think that this is the best time for us to learn more about bitcoin. We have to educate ourselves on how it works, how to be secure when using it etc.

You said "I was directed here and have learnt alot and i will no longer call it a hasty decision if i were to get my own btc in my own wallets but i haven't gathered enough finance to do that". That is totally reasonable and I understand the financial factor.

However, you must understand some basic info about wallets. There are many types and subtypes of wallets, but if you wanted to classify them regarding the key management we could say that there are:

• custodial wallets: you don't own the keys to your bitcoin. e.g Binance, Coinbase etc
• non-custodial wallets: you own the keys for your wallet, most often in a form of 12/24 words.

Now, the second category is the one that people here have directed you to go to. But, you misunderstand something here. Getting a non-custodial wallet doesn't mean you have to pay for it. Non-custodial wallets can be split up in two categories:

• Software wallets (hot wallets) : the keys live in a device that is connected to the internet.
• Hardware wallets (cold wallets): the keys live in devices that don't connect to the internet.

So, going for a non-custodial hot wallet could be a very good option to start without spending money. If you decide to get there, a good wallet to use would be Blue Wallet (easier for beginners) or Samourai Wallet (good for customisation etc). There is a great variety of hot wallets to choose from. Note: I am suggesting those wallets to be used as on-chain bitcoin wallets and not as lightning wallets.

Ultimately, you will want to choose a hardware wallet, but until then, my suggestion is: get the coins off of the exchanges!

Its just 11 days into the new year and 2023 is already showing signs of hope for bitcoin investors. Bitcoin is currently on 17k plus as of this morning when i check my binance app which is currently a good results as bitcoin has been stuck at 16k for a very long time. Investor and btc holders will be very happy seeing this significant rise although it is a volatile currency and can change its rate anytime yet its still a positive start to the new year.
 At this moment we can hope for the rise to continue and maybe hit a point where investors can boost of a good profit added to their btc coins.
  I was directed here and have learnt alot and i will no longer call it a hasty decision if i were to get my own btc in my own wallets but i haven't gathered enough finance to do that and am looking to sell some of my old stuffs which am no longer using to start my own bitcoin journey. I have some stuffs like an old TV set, some old cooking gas and sone rusty old furnitures in my house which i think can fetch me some reasonable amount of money to start this journey and the good part of it is that I don't use these stuffs so its better to sale it and use the money for my bitcoin investment.

Just hoping we all can hodl up more longer maybe 2023 has something special it has to offer #keephodling