Bitcoin Forum

Bitcoin is about to go through a bloody year.  A number of unexpected events have prevented the Bitcoin market from ever moving upward this year.  Dozens of unexpected events have struck fear into the minds of investors.  Starting with investors, governments and central banks have taken a cautious stance on Bitcoin.  So we are almost at the end of this unexpected year.

Some Bloody Events 2022 & Funds Exploits

• Mango Exploit : $114-115M
• Wintermute Hack: $160M
• Beanstalk Farm Hack: $180M
• Nomad Bridge Hack: $190M
• WormHole Hack: $320M
• Ronin Hack: $600M
• Voyager : $3.75b
• BlockFi: $4.5b
• Celsius: $4.5b
• Genesis Bankrupt: $5b
• 3AC implosions: $18b
• Luna/UST crashed: $40b
• FTX and Alameda Crashed: $40b+

The above shameful scam has completely negative impact on the Bitcoin market in 2022.  We all hope that such incidents do not happen in cryptocurrencies in the coming years.

Well, that's the good thing about this year and it's about to end and we'll just leave all of those fiascos for this year.

But I doubt it that they're the last ones that we'll see, there will be for more and that is just teaching that we should be more careful where we keep our funds.

Overall the lessons are just the same on how we're going to keep it.

 
Unexpected! You really expected Ponzi schemes classified as Defi's with too good to be true high APY's to last for years? People never learn.
Secondly, a bitcoin market always corrects after smashing through to an all-time high. This is not new.


Nothing new except that people are still so foolish enough to keep their money with Ponzi schemes

Exactly, there have been tons of scams / fails and there will be more scams / fails for sure.
But is Bitcoin failed due to such scams / fails? No, Bitcoin is still working and I'm confident it'll stay like that.  :)
Sometimes, we'll have more scams and the BTC price will go down, sometimes we'll have less scams, resulting in a rising BTC price.
Just take Mt. Gox as an example. It might have resulted in a declining Bitcoin price but the overall Crypto market came out stronger because people learned an important lessen: not your keys, not your coins.
And sometimes people even need to learn twice as FTX has shown.  :D

i dont believe in history supposedly repeats itself.

but 2022 has felt like 2014 re-run

everything from the mid point of a halving cycle
the previous year being a ATH
exchanges failing year..

if things were to repeat itself we will see stagflation for about 2 years

many people learned from these incidents, from that incident everyone became more careful, and the blockchain company also became very transparent, so there is no lie.
without us realizing this incident, has become an important experience and lesson for investors, so that they are more careful in investing.
I don't think that such incidents will happen much in the coming year, because people will definitely be hard to fool, and people will definitely not forget the events of this year.
I hope that in the future there will be no more such scams or tragedies.

All those events are related to private companies that use Bitcoin.

Bitcoin itself is actually better than ever. Here are some examples that come to mind:

- The Central African Republic adopted Bitcoin as a legal tender

- The network hash-rate is at an ATH

- Intel released their first ASIC miners

- Lightning has been increasingly adopted worldwide

Some unintended events have gone on in ways that we have never properly observed.  For example, FTX and Luna Crashed this year, the rest were not so terrible as to be worth noting.  Below are the full details of the events.

Mango Exploit: www.coindesk.com (https://www.coindesk.com/tech/2022/10/20/defi-exchange-mangos-114m-exploit-was-market-manipulation-not-a-hack-ex-fbi-special-agent-says/)
Wintermute Hack: www.cointelegraph.com (https://cointelegraph.com/news/cyber-sleuth-alleges-160m-wintermute-hack-was-an-inside-job)
Beanstalk Farm Hack: decrypt.co (https://decrypt.co/98118/ethereum-defi-protocol-beanstalk-hacked-182-million-what-you-need-know)
Nomad Bridge Hack: coinbase (https://www.coinbase.com/blog/nomad-bridge-incident-analysis)
WormHole Hack: investodepia.com (https://www.investopedia.com/crypto-theft-of-usd320-million-wormhole-hack-5218062)
Ronin bridge Hack: cointelegraph.com (https://cointelegraph.com/news/the-aftermath-of-axie-infinity-s-650m-ronin-bridge-hack)
Voyager Accounts Holders hacked: Bloomberg.com (https://www.bloomberg.com/news/articles/2022-07-06/voyager-account-holders-likely-won-t-get-all-their-crypto-back)
BlockFi Hacked: cointelegraph.com (https://cointelegraph.com/news/blockfi-confirms-unauthorized-access-to-client-data-hosted-on-hubspot)
Celsius Bankruptcy: www.latimes.com (https://www.latimes.com/business/story/2022-08-12/column-celsius-bankruptcy-shows-how-small-crytpo-investors-lost-out)
3AC Crashed: boxmining.com (https://boxmining.com/three-arrows-capital-3ac-rise-and-fall-of-a-crypto-hedge-fund-giant/)
Luna/UST crashed: www.forbes.com (https://www.forbes.com/sites/qai/2022/09/20/what-really-happened-to-luna-crypto/)
FTX crashed: cbsnews.com (https://www.cbsnews.com/news/ftx-trading-bankruptcy-cryptocurrency-exchange-investors/)

NB:There are hundreds of news stories for these events out of which one or two are used as news source.

Not to mention the bad events happening outside the crypto market as well. Overall, 2022 is a better year than the lockdown year but it is not really a great one.

Despite all the mentioned incidents in the OP though, Bitcoin remained resilient with its price holding on above $15,000. Isn't it amazing to think that Bitcoin's bloody year means its price will have to fall to $17,000?

That's a lot better than its bloody years in the past. And this has already priced in the failure of the giant FTX and other big platforms. So despite a low price in the end of 2022, it has actually grown stronger.

I believe that there are some advantages and disadvantages to what happened right now in the cryptocurrency space and all those huge losses too.
For me, cycles like the bull market and the bear market got this part where there are loses or scam that came out even last before the bear market in 2018 when a lot of projects turned into scams or some Ponzi schemes exploded as the bear market commence.
So for now, it's another level and the number is huge compared to before. For me, this is just a part, the market is cleaning up the market itself.

We can look at it that way but there are just retailers that also lost a lot of money which they can assume was stolen from them because of these bloody events. These bloody events as well are somehow not very coincident.

Investors can only look at this bear market to be an opportunity to make millions when they have money but for those who have lost because of these scams, it is a horrible nightmare. Not very sure if this is about to end actually.

What's the correlation between those centralized entity to decentralized currency? Although they're hold a lot Bitcoin, but they can't control Bitcoin price! The reason why Bitcoin price is decrease and many people speculate it could go lower, this because there's a global recession and it will become worst in the next year. Satoshi's aim to create Bitcoin is to eliminating third party control, if you're hold on your non custodial wallet, you wouldn't loss anything.

Those collapses are more related to altcoins, DeFi, NFT, bridges, scam stable coins and tokenized Bitcoin (not Bitcoin). They are not Bitcoin or transactions on Bitcoin blockchain.

Bitcoin is not responsible for their collapses because these projects were built on sand with very weak infrastructures under the ground. Sooner or later, they will collapse, if not in 2022 bear market, they will collapse later in future bear markets.

Happily to have a cleaner market now because some big scam projects have passed away.

While I can agree this year has had some positive events as well (sadly they are outnumbered by those notable negative ones). I still have my doubts on the adoption of Bitcoin by the Central African Republic, perhaps it is because it is not a case which has had so much attention as El Salvador, because I have not heard anything from there; not mining plans, plans to build a Bitcoin Treasury, wallets for the population, etc.

Last thing I remember was the document itself about Bitcoin and the choice of that country to adopt it.

The bad things that happened in crypto will not be the last because we will see that again in the future. We can only hope we can survive the other bad news and can use that moment for our benefit.

We should be careful when we decide so we can avoid bad news impact on us. But there will still be hope for us to see crypto will be better than before and all bad news will only be there for a while.

I just hope that the year 2023 would be a positive year for cryptocurrencies. The more that it is becoming popular around the globe, the more scams and hacks were being attempted in the last several months. I guess we should take advantage while the price is this low- the fact that it reached a peaked $60,000 means that there is the potential of it recovering again at that price.

With all being said, I guess the smartest move to make is to HODL for the meantime and sell at a convenient price. Praying that 2023 blesses everyone with good fortune and returns all around!

That's a pretty nice summary of Bitcoin 2022 - the "bloody side" that is.
I wasn't even aware of half of the hacks ("hacks" ::) :P).

The big question to me seems: Will the behaviour of people using Bitcoin (or other crypto) change for the better?
Tbh I have my doubts. Sure, short-term especially the ones that have been burned will take better care of their keys etc.
In the great-scheme of things, with all the mainstream-media-attention that the FTX fkup is getting, this may help to increase general awareness for good Bitcoin-security-practice. I will be suprised however, if something similar like FTX or LUNA does *not* happen within the next 3 - 5 years of crypto history.

Well, time moves on and hopefully by the end of 2022 we also are going to see a better year in 2023. Though am guaranteeing that nothing will stop from platforms from getting hacked - including self-hacked meaning operated from within - which will always mean that people are losing money and nothing can save them from it for now. This year will be marked as one of the big red year due to so many negative developments...capped by the FTX and Sam Bankman Fried saga, no less. Will 2023 be different? I am hoping so.

Read what you have written, come on. People are supposed to have learned that lesson?


Or three or four times. With so many people paying for everything with their cell phones and advocating for the disappearance of cash, don't think many people care about having your private keys. This forum is not representative in this regard. With 22,000 cryptos today, what matters to most people is to make a killing, not to contribute to create an alternative P2P economic system.

What I see as good about this thread is that it is difficult for next year to be worse than this one. Not impossible but I see it difficult, so I hope we will get better.

I don't think, such thing will repeat itself again in cryptocurrencies next year, because many investors nearly give up on this current price of cryptocurrency hoping that the price will not pass two months before it will pump higher for investors to receive huge amount of profits but till now the price is still low in the market. I think, next year will be more better than this year because there will be massive pumping starting from January till October next year to allow investors to recover from their losses they had experienced from this year 2022.

Most of the investors lost their fund in this bloody year. It affected the whole market. crash crash and crash is continuing one by one. These bloody hacks and failure of the projects causes big dump in the market. FTX & LUNA collapse was very much unexpected. So now we can wait only to see market recovery.

My opinion to create an ideal cryptocurrency market, including security and stability. It's all determined by us, whether we accept it or not, welcome new changes or reject them. In this cryptocurrency world, the most important thing is to stay rational and stay calm even though small ripples are bound to exist such as the influence of bad news and many other negative things.

Yes, this year is coming to an end, and all the events that took place this year will be another chapter in the existence of cryptocurrencies. But nothing has changed for bitcoin. Its volatility was not a revelation this year. The people themselves, who in one way or another are related to bitcoin, have changed. Trust in centralized exchanges has gone into the negative, and this can be considered a plus for the very idea of bitcoin. As a result, those who are committed to bitcoin and understand its full value stick with it.
But as happens regularly, those who turn their backs on it today can very quickly change their minds once the market starts to turn.

The Bitcoin price crashing after an ATH? Is this unexpected? What about 2014 and 2018? Bitcoin is cyclic and witnessing a price crash/bear market after an ATH/bull run should NOT be considered as unexpected.
A bunch of crypto scams going bankrupt is unexpected? Well, nobody knows when such crypto scams are going to implode, but the smart people know that it's going to happen sooner or later. I would consider this to be partially unexpected.
Nobody knows when a crypto exchange will be hacked, but it's not rocket science to predict that most centralized services will be facing a big security breach sooner or later.

It is really rare to experience these things. Our life is limited. Let us go through several bull and bear markets. Too many things really happened in this bear market. I think it is too exciting. Every time my assets lose a lot, I think, I This kind of people without investment talent, it is very difficult to get something if they don’t suffer losses in the bear market. Just spend money to buy experience.

Exactly! Anyone who claims to be looking into Bitcoin because of the history hasn't really paid attention. The last bull run actually lasted over a year, which was longer than any of the other bull runs if you think about price just making new highs all the way to ATH.

What were we expecting, that it would continue going up and up?

Anyone who looked at the cycle should have expected this year ;)

The price, which is close to its one-month high of about $17,980, has given rise to speculations that BTC may be headed back up to $19,000 price levels. There are only two weeks left for the $20,000 level, so once the monthly pivot has been added to the bull camp, expect $19,036 to be the next target for the following week.


Will Bitcoin Price Target the $20k level Soon in 2023 start?

News source and reference - https://coinpedia.org/price-prediction/bitcoin-price-prediction/ (https://coinpedia.org/price-prediction/bitcoin-price-prediction/)

If there are no such incidents, the volatility is less. The market is less excited. So some people make it happen to bring the market back to life. When prices return to "normal", the market will be more enthusiastic and passionate than before. But I don't know when, how, or how much is "normal" in people's minds; does that mean when prices get high?

Yeah, there's so much to learn from all of those happenings. From fiascos from exchanges to scams and hacks. But one thing for sure, bitcoin has remained strong while they're all focus to those events.

Sad to see a lot have to learn the expensive way for them to stop trusting exchanges with their funds.

Thanks for listing them out but sure that they won't be the last that will exist in our community. I'm not negative into thinking that there will be more soon and we have to be aware of it.

But, I'm just telling the truth.

We're all hoping that by that year, it will be like the start of the recovery period of bitcoin until the next and after the halving.

We have accumulated a lot of experience this year. Because of the arrival of winter, many places use more natural gas, which may affect Bitcoin. The second half of next year may usher in a year of rising prices.
Even if there are new coins, their technology should become stronger, and they won't be declared dead like many coins this year. Even if it doesn't get better all at once, I hope that next year will be a year of gradual improvement.

Just relax and not panic. Even if the next year, the bloody still stays in the market, we do not have to give up because behind the bloody market, there will be a new hope for us to see the market will arise. You just need to be patient, hold on tight to your bitcoin and not panic like others so you can get back to profit again. If you are already at the crypto from a few years ago, you understand the meaning of patience and waiting for the next increase because that will come soon.

We have a popular proverb in my country: "What does not break the back makes it stronger."

It can be said that this is what happened in the crypto market, all these bloody strikes could not break Bitcoin, but rather made it stronger, because people finally learned that there is nothing reliable except Bitcoin, and they also learned that "not your keys are not your coins."
They also learned that everything that goes up quickly will fall down just as fast.

People no longer trust all these centralized platforms and fraudulent projects that suddenly appear in the market, I said it before and I say it now let the market clean itself up until we get rid of all this rubbish.

Yes, it has been a really bloody year for Crypto, but I am optimistic that the best awaits us in the coming years.

Learn to expect it, centralized exchanges are not safe for you to store your money, liquidity problems can happen at anytime. When your money is in a centralized exchange, it is owned by the exchange and what they do with it will determine whether you would ever get your money back or not, if they make a bad investment with it and cause a collapse of their exchange, then your money is gone, if there is a poor security system and they are hacked, or it is an inside job, your money is still gone, so apart from the privacy risks with centralized exchanges, always expect the possibility of loss of money if you use their wallet to store it.

In fact, it was the fraudulent project that failed, while Bitcoin stayed on track and didn't deviate at all. Bitcoin will still provide a promising investment alternative during bear markets to get you to take more. There are thousands of projects out there that didn't live up to their promises and have walked away with millions of dollars including exchanges. But has Bitcoin fallen off investors' radar and reach? of course not, because what investors have lost and left behind are centralized projects with control of certain people. That's why Bitcoin will always survive even though the price is now below $20K, Bitcoin will recover leaving the disbelief behind. Long term investment in Bitcoin has been proven to date.

These kind of events are pretty common in the crypto world, but they still surprise many investors from time to time for various reasons. FTX and LUNA-UST collapse were the biggest debacles this year and hurt the crypto economy badly.

Such events will never completely stop, but I hope they will decrease over time slowly and steadily.

2022 isn't looking great but actually, this year gives us a lot of learnings as well.
 - using an exchange wallet as a storage wallet
 - trusting stablecoins

I hope there is nothing happens like this ( big exchange scam) next year. But then, I'd expect the bear season will not end this year as it probably continue next year. I could just think about the 2018-2020 bear season, I'm afraid this will happen again, and just see the market change when halving comes.

True, but it takes a few months when this year ends from the cycle difficulties that happened this year, the worst was in 2018 ago and this year in my opinion, because bitcoin growth has really fallen from all estimates, will this cycle continue in the future continues, because this year coincided with a recession the world economy also declined.

everyone must expect the best. but along the way, there will always be someone who acts as the antagonist. where similar scams will occur again once the Bitcoin market recovers. maybe not the same, but with the new scheme, they came to the market to make a splash. and again, every certain period we can see the same situation.

Indeed, many thing happened this year; from values breaking barriers and 'celings' to a deep downfall. At the present, recovery still is a struggle for this industry and no one knows when will the market in general go up again. For now it is either holding, or investing more, are the best options to do if you are an investor. For those who are planning to engage with this industry, be sure to gauge your capabilities and circumstances because no assurance still whether the market price would be able to recover early next year, with that, you have to endure the market situation.
Antagonist? I'd say realistic 'coz there will always a possibility to do so. Thus, investors should be more cautious of their actions especially when it comes on investment.

I am not sure of it though. Despite that we all want it to end, but the market is still in uncertainty. Anything could happen in an instant without warning whether if it’s bearish or bullish. We still have 20 days remaining before the year ends, so these 20 days are gonna be interesting on where will the crypto market actually end up.

And the bearish period won’t stop there and it will never disappear. But those who have shorted the market are rejoicing with good timing as well in futures trading. As we are gonna wait for a future bull market, there will always be bears in the end.

The market will start greening once there will be new interesting projects around. What I think, what happened to the market is that we forgot how it works we hold onto something that we know at first is not a stabilize one and so we keep a yearly discussion about it lol. It goes high and low ( lowest ) name your analysis, name what tools you use, market will behave like it was 10 years ago but on a bigger scale. The only advice I can give is LEARN, learn the cycle, make the mistakes and timing more relevant.

OP why you treating this year as the worst year? I mean you should see the positive side of this also. I mean due to these scams and incidents, Bitcoin’s price fell down, and many new investors joined and bought Bitcoins at cheap price. This year might not be good for you, but you can’t say about the rest of the people same too. Moreover incidents and accidents all are done suddenly out of nowhere. So yes I am also praying that new year brings new price set for Bitcoins.

the good news is that this 2022 is coming to an end, but will it also take away all these problems? this will have to be checked! there have always been scams and there will always be, the important thing is that the whole community does not dissolve and continues on its way, I add that even events outside of hacks and scams of Cex and platforms there are macroscopic events such as war in Ukraine, skyrocketing global inflation and many other problems

We still don't know what will happen later, even though 2022 will end and the turn of the year will be soon, this will still be a mystery in the future, even though the hope is that with the conditions at the turn of this year, the price will be received later because it is during this year we are always faced with conditions where we can only surrender to uncertain conditions.
But we still have to be careful now because sometimes there are things that are definitely not predictable and there could be another fall in the future.

The last thing that was most horrendous happened to Bitcoin, as it continued to be linked to the problems that befell FTX. This case is an important lesson for anyone, so protecting assets that are owned must really be considered, because we have learned from the case that happened to FTX. At least when this case happens to other exchanges, then people have prepared options.

If this scenario really happens and is already running on the market, then the bitcoin cycle will experience an increase at the midpoint of the cycle, before reaching the fourth year towards the next ATH. We are still quite optimistic that the next year will see Bitcoin back in a much better condition than now, keep calm and buy gradually to get the next ATH.

In 2020-2021, we have witnessed the insane growth of the cryptocurrency market. 

Many cryptoassets were going up in price, and it was like crazy. 

Remember the rise in price of Dogecoin?  And also the rise in price of other derivatives of cryptoassets based on dog memes?  Remember the rise in prices of crypto assets in the DeFi space?  Rise in price of NFT (all those monkeys, cats, seals, etc.)?  Remember how Elon Musk had fun manipulating the crypto industry (one tweet creating and destroying billions of dollars)? 

2022 is the year of reckoning for all previous madness.  At the same time, Bitcoin, as a protocol for transferring value in the virtual space, has not become worse than it was before the beginning of 2022. 

Therefore, I am sure that the price of Bitcoin will rise in the future.

Some would consider it to be the worst because of all the problems it has affected the market. That's perfectly natural, but that's the dynamics.

In addition to the negative side, of course there is a positive side that can be thought of. People are becoming aware of risks and they care a lot nowadays after they see evidence that no one is completely safe from risks. The case of FTX was only one downside, but now the awareness is that users may no longer store their assets in centralized exchanges or online accounts. Not everyone will do it, but I'm sure awareness of it is starting to increase now.

Apart from all these cases another positive side is that we can buy crypto cheaply and we will profit in another cycle in the future. All of this is not the end of everything, but things like the case above cannot be avoided.

It's a cycle. When bad things end, good things start and vice versa. It's good that the year is about to end but we never know what the next year will bring.
We don't know how long the bear market will last but hopefully things go good for bitcoin the next year.
Sooner or later the bull market will start to create a new ATH. We just have to hold strong till then.

We never know what bitcoin's next move will be, and amidst negative crypto market conditions we must be patient and use bearish timing wisely because we know that in the future the market will recover and will reverse course, and only time will tell.
and bitcoin news there is always good and bad news and bad news will be a sign that more and more people will know about bitcoin and try to do analysis and search that will increase interest in bitcoin, and 2022 will end soon and also no good movement in bitcoin towards the end of the year. And we all hope the bearish end soon but we can't do anything and it's only a matter of time, and take advantage of this bearish to continue buying and Hodl.

Same here, I too haven't heard a few of them, I guess that is because they are not being talked about here in the forum. People here seem to focus only on the popular companies because the amount that have been lost from them is huge, around billions.

For your question, my answer will be yes. With so many exploits that have happened, many of us are also affected and lose most of our money. We will try to be more vigilant this time. I think the one that have been affected the most here are long terms goers because those who do short term don't store their funds longer online. There will always be hacks that will happen but the rate of fatality is going to be reduced dramatically.

Of course Bitcoin bloody year is coming to end and that was very disaster because this was Bear market and also I think that in 2023 Bitcoin will go more down and I think that it might gi below 12000 dollars because this is bear market.
There are new types of Scams like Terra Luna scam that made market crash. And also still FTX Scam aor crash was much more bigger. Some reports are saying that there might be a movie Sam Bankman-Fried, showing his True life story.

Honestly I am even shocked that it took this long. I was expecting it to be ending a lot earlier than right now. It's fine though, maybe it didn't end that quickly but it is ending and that is what matters. This year as a whole from start to finish has been a whole bear run, and I have zero belief that it will continue to be like that in 2023 as well.

I am pretty sure that it's going to end up going a lot higher eventually somewhere in this year, that would make a lot more sense. I am not saying right at January, maybe it will take before summer, or even after summer but I am sure that eventually it will happen and that will make a lot more sense.

Correct, as bad as all the scams the OP listed are, if we take the time to look for similar scams on the past we are going to find out they have been part of this market for a long time, the difference is that since the size of this market is bigger then the scams are getting bigger too, so not only scams will not disappear but they will even worse than what we are seeing now, now for the people that have been aware of those scams this is not too much of a problem as they are never going to invest their money in any scam, but for newbies which still believe they can become rich in a matter of weeks they will keep falling in them regardless of our warnings.

Current price of Bitcoin in this year is very bloody which everybody knows and I believe that with the short time it will be corrected because it has happen like this in 2017 which it later increased to an extent so I believe that whatever thing cryptocurrency especially bitcoin is experiencing now it you must restore to normal order

Newbies on this year would become experienced and become veterans as years passing by but we know that there would be always new people who would really be jumping in into this space which it cant
really be avoided that scam and frauds would continue to exist because there are people who do lack knowledge and those scammers would really be taking advantage on that which it isnt really that
something new. Platforms or exchanges would be still having that odds or chances that being hacked or something in related issue and its not something new.
We dont even know if year 2023 would really be much even more worst on upcoming years which there's no assurance nor guarantee on what it would looks like.

There is no guarantee that Bitcoin and crypto will maintain same thing again and again. Price can rise continuously and it can fall down also which can be a worst condition. But if you think about normal process then it is right that after correction, we can see good move from crypto.

The stream of bad news almost never ended in 2022. Whenever the market calmed down bad news followed soon after. Yes, we are ending a year in which all these are left behind. I hope 2023 will be a year when good news comes and the bull starts to stir. However, if we look at the economic indicators in the world in 2023, the risk of recession is increasing. If the global economic recession occurs we may see bad news in 2023. I definitely don't want that to happen. In my opinion, with the spring of 2023, the global markets will recover and the money flow will return to crypto again. I hope we have an enjoyable year. We really need this.

I'm not sure if the OP has posted as reasons has something to do with bitcoin directly, it's more of hacks and scams on the altcoin side, unfortunately, since all markets are correlated, Bitcoin suffered the most. Probably this is just another bear market that we need to go through just like the rest of the previous cycle.

We might see another bad year in 2023 since we might be in the negative sentiments. So we really need to brace ourselves and learn how to take advantage of this bear market to fatten our bitcoin wallet and hold for the next eventual bull run.

This is not a bad thing for Bitcoin but rather a blessing.  Yes, because this only shows how stable, secure and unassailable the protocol is.  This whole mountain of shit can collapse but Bitcoin will always remain standing, and they can throw all the shit that those mass media scum wants but they will never succeed and will end up like fools.

None is sure of the market, we had experienced the best. Market being unpredictable is the reality with cryptocurrency. The market reacting to the news relative to the cryptocurrencies is common. Similar incidents have happened in the past and now once again it have got repeated.

Though the market have come across its hard year, the network have turned more strong and more positive things have happened around. It is good we see the positive note and stay hopeful. With cryptocurrency trust is the major factor that keeps the market moving.

But at this point we can see that bitcoin is collapsing but that shouldn't put fear on any of us who is investor because we know that bitcoin have to do with going up and going down so it might be that this time is the season of it to be falling and not the season of each to be rising so I believe that what bitcoin is doing now is directly or strictly as a decoration but some people does not understand you that way so if you have your pit going now you can keep it and the weight on the moon the time it will recover to him please again

Some of these events had a negative impact on the price but were good for bitcoin.

All altcoin implosions that somehow impacted bitcoin price when they shouldn't were good in the long run. Take Luna for that matter. It was a scam. It's better that it got wiped out. If we allowed it to continue it would have an even greater impact in a year or two. Bitcoin got hit only because these scammers were holding it and used it as a distraction.

Anybody can hold bitcoin but those who were buying those lies that Luna created and investing in it allowed these scammers to buy bitcoin and eventually crash it. They are to blame for this disaster.

I can't understand what you're saying. Try to be more constructive in your speech, please.  I said that all these shitcoins crashing, all these exchanges failing, anything that isn't Bitcoin but wants to use the name just strengthens it when they crash.  What are you not clear about this?

Similar incidents have occurred but with a different version and possibly bigger fraud. This keeps happening and in the future there will definitely be new events that will harm many people. we all really have to be prepared to face it.


Trust in cryptocurrencies is gradually recovering with a marked increase in the current bitcoin price. Indeed, currently, it is a difficult condition because a lot of FUD are spreading and making cryptocurrencies worse off. The FUD will also be reduced with some negative news that continues to emerge. Think positive and the market will definitely re-enter the bullish area, you just need to wait and be patient.

Aside from the given list of OP, the current news today is brewing on the Proof of Reserve issue of Binance that is discussed in this thread[1].  Media are now focused on the credibility of Binance's audit and questioned Binance regarding the statement released by Mazars.  I don't know if the news is intentionally released to divert the attention of people from the biggest issue today or a big event about the FTX hearing that is about to happen. 

So if this news about Binance turns south then there is a possibility that the Bitcoin Bloody Year of 2022 may continue in the early months of 2023.

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[1] https://bitcointalk.org/index.php?topic=5428039.0

I'm sure if there's an exchange going into the woods again, we'll see many people crying again because coins were not sent to own addresses.  ;)
It's a safe bet, so we can't say it often enough.  :D
Maybe crypto exchanges should make it mandantory for everyone to answer a question "not your xxx, not your xxx" and people need to fill in answers before depositing.  :D :D :D

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Yes, it'll be difficult but don't say it too loud or Karma will hit us.  :D
In Germany, we have a famous saying: pessimists are optimists with experience.  :D

In this bloody year, many investors have suffered losses, but they have also gained important experience and lessons from these events, and they will be more cautious when investing. The crypto market is unpredictable and no one is sure about the market. We don’t know how long the bear market will last, but hopefully next year will be a positive year for crypto and Bitcoin will be fine.

There is no doubt that the price of bitcoin will rise again, it's bound to happen and no matter how good or bad the past years were. Bitcoin is going to be naturally going up again.

We've seen it before and we'll see it again.

I agree, as the market matures, the scam techniques will also upgrade and become more mature. They'll never stop as the market will never stop.

But I just hope that everyone has man up and became wiser for this year and for the next upcoming years.

As much as we want to direct our energy towards the negatives that have slightly dented Bitcoins image, I think their some positives that the crypto ecosystem has recorded this year and need some praise! Talk about more countries recognizing btc as legal tender, going green in the crypto mining sector and basically more users using bitcoin this time around so not entirely a bad ending of 2022.

2022 will end soon and a repetition of the period / cycle in trading will definitely occur especially in the case of bitcoin as we know the 4 year cycle has been implemented, so we can only repeat and anticipate unexpected circumstances in daily life such as scamers and hacks

Have faced with bloody years 2022 after Bitcoin crashing drop drastically more than 60% from ATH above $63,000 become $17,000 nowadays, left 17 days later with 2022 and we have new hope can bring positive side for Bitcoin in 2023 reach higher price again. Actually most terrible bloody in 2022 with FTX collapse and I don't think can recovery back.

I believe with 2023 have positive side with Bitcoin and altcoin can break out to ATH price again, nothing exchange or altcoin project become scam for next year and hope few days left in 2022 not any bad thing happen again.

The year 2022 have been one of the terrible year in Crypto as we have witnessed many projects dumps and few pumps. The bear market have surpassed the period of the bull as there's red long candles everywhere in charts. Bitcoin dumps heavily this year with enough dip, and other altcoins also join in the bearish movement. Perhaps I fully hope for the best in 2023 as it will be a new year, unlike 2022 that's pretty rough year for coins. I've lost much this year and I won't hesitate to bounce back to the market with profits in the upcoming year. This time around, we need to be extremely careful and know the root of every project and their targets before investing in it, and making sure it's a solid project with enough proof that it's gain is for both the investors and moderators.

What I like and personally feel is appropriate is the term "bloody year" for the crypto industry. A number of disaster have occurred in the crypto industry this year, causing Bitcoin and others to fall. Last year, cryptocurrency gained significantly, but this year has begun to fall. If something else happens here, the market will gradually collapse. Scammers have no interest in the crypto industry; all they want is money. There is new FUD surrounding Binance, which has caused the market to fall once more. If something happens to Binance, the market will suffer immensely. We need to see less drama in the cryptocurrency industry in the coming year.

Indeed, 2022 has been a year filled with more negative news than the positive in the crypto space, this has had a great negative impact on the price of both bitcoin and altcoins all together, bitcoin dropped more than 70 percent from its all time high, the entire crypto market capitalization shared almost half(if not more than half) from its all time high as well.
Indeed, 2022 is one year I pray that all that happened in it, should not happen ever again going forward.
I am very glad the year is finally coming to an end, let us all hope for a far better year for Bitcoin and the entire crypto space come 2023.

History has repeatedly occurred severally and 2022 certainly will go into history as a reminder and as a lesson for future decisions and I hope we have learned to keep our investment from the exchange as most of the negativity of 2022 is from the exchange. Luna coin crash and some of the already mentioned, negative experiences of this year 2022. With more caution, we can avoid being victims of similar incidents of scam investment and wrong trust on exchange to safeguard our balance, there is not much difference between exchange and centralized bank institutions their all take control of your balance and they have the right to do whatever the want with your balance with them. Bitcoin offers us the right to be anonymous and private and its blockchain can be accessed by all without any restrictions unlike centralized marketplace where users must go through the process of KYC before operating them. Even though the year 2022 is coming to and end, instead of celebrating its ugly exit we should focus more on the lessons we have learned and try to avoid making similar mistakes in the future.

It is with no doubt that the abovementioned issues struck the cryptocurrency world quite heavily. LUNA being the biggest perpetrator contributing to the collapse of cryptocurrency's credibility amongst the tuxedo people as well as the average joe. With cryptocurrency thriving on the complete trust of the people to the projects, there is still a great possibility that such happenstances may occur in the future, especially when we consider that yearly there are newcomers who are none the wiser when it comes to the ins and outs of the cryptocurrency world. That being said, I must say if it does happen again in the future, we'd be aptly-equipped to deal with these issues and would in return make wiser decisions that could lead to avoiding long-term bear markets like the one we are experiencing right now.

You are right and we got many lessons from what happened during this year, However, some lessons were not new for some people for Example regarding the last one and what happened to FTX people got a lesson to not keep their money inside any platform even if that a well known and trustworthy platform, also the year is not over yet and even during these days there is a possibility to see even worst things coming up to take new lessons from them with some consequences for other people.

On the time you have decided to make dealings on this market then you should really make yourself prepared and be versatile as much as possible.You cant really make out direct conclusions on a market which do really
actively changed up or simply cant really be that predicted.Anything could happen in a snap and this thing should be bare up in mind.We are indeed a having a bloody year on this 2022
and we do hope that there would be some changed up on upcoming year 2023 which it might be some green and something that wont really becomes even more
worst with this recent year.

We are still not sure if this bloody market will end this year or will continue next year. I will really expect that this is the last year and will be ended. But, who knows? Because we are still surrounded by the big manipulators that are commonly playing the market, spreading FUD, and then making the market crash easily.

That is why what we are doing now is to be able to take every advantage during the bearish market. Although we know that it is sometimes very hard and risky, taking advantage during the bear market will be abut about collecting more Bitcoin in order to gain more profits in the next bullish era.

But unfortunately, scams will be always there continuing with even old or new ways. We may not stop scammers but we can avoid them if we want to learn and not be trapped by the scammers. Scammers always give a negative impact tot eh crypto world, moreover for the newbies who are entering in the crypto world and are scammed directly. This will spread FUD again that crypto is a scam.

Yeah, most of the lessons were too expensive to learn with. But let's just extract those important lessons especially to those victims that have been robbed with huge amount.

I don't wish to see anything worse than what has happened with FTX and other of the fiascos that we've seen.

It's better to see this year end without any of those ruckus anymore from these big corporations.

Sure has been a bloody year. Looks like the blood loss is stopping though. Bitcoin as of yesterday is already back out of the FTX crash range, back above the low from the Celsius collapse, above that bottom which it held for like 5 months before FTX. Unless there is another major collapse of some business or protocol the bottom should be in now and Bitcoin is out of that FTX range. Inflation is finally dropping and it looks like the Fed will only raise rates by 50 points today, signaling that they are starting to slow and will probably hold interest rates steady by the Spring.

2023 should be a good year for Bitcoin. Unless there is like a global recession or another major crypto company goes bust, bitcoin should be done crashing and in the Spring if Fed interest rate raises stop Bitcoin will start heading up again out of the teens and low 20s. I'm looking for $30,000s next summer and maybe over $40k by end of 2023.

No idea if it'll happen but I'd like to see some crypto friendly regulation and laws next year in the US, which could significantly boost Bitcoin. Biden administration has been gradually moving to making decisions on crypto legislation, just hope its friendly. Some Bitcoin-friendly regulation next year, and a bipartisan bill to exempt Bitcoin purchases of a few hundred dollars or less from taxes (which has previously been proposed in Congress), would really boost general confidence of Bitcoin in America, as well as end the big tax headache in the US when it comes to buying things with Bitcoin, and be a great catalyst to make the next bull run in '24/'25 much stronger than the somewhat stunted bull run of '21. Given that its a split congress starting in a month, not much is going to be getting done anyway. Senate is going to be confirming judges while the House is going to be going on crazy witch hunts to try to make people think Biden is corrupt like Trump is. May as well get some bipartisan positive crypto regulation in there so something actually gets done.


For those who are going through their first bitcoin bear market...don't worry, this happens every four years and it is nothing unexpected. This one was actually not as bad as others, though perhaps some of the surprise collapses of crypto protocols and companies made it feel worse. Really it took all those collapses to even make this crash get to around the range of previous crashes. Even so, with Luna, Celsius, and FTX dropping Bitcoin's price significantly 3 times, Bitcoin still has apparently bottomed at only 77% down, whereas I think the last two crashes were more like 83%-85%. It's a great sign for the Bitcoin market maturing and growing more stable.
If Luna hadn't collapsed then Bitcoin likely would have bottomed in the $30,000s (very possibly even that January bottom at $33k would have been the bottom as it looked unlikely to break that until Luna crashed the market) and likely the later collapses wouldn't have happened as the market wouldn't have been so low this summer (FTX might have even survived despite the serious mismanagement, though in light of its mismanagement and fraud I think it is good it collapsed now rather than all that coming to light later when the exchange would be even bigger). Anyway, 2023 should be a strong up year. For people who only got in near the top it'll still be rough, but for everyone else it'll be a good year as we'll all be watching our wealth start growing a lot again.

The reality is that if we are following past years, 2021 was good and so was 2017, then 2018 was bad and so was 2022, which means 2023 should be more like 2019 and I feel like that's not bad. We reached from 3.5k bottom at start of 2019 to peak 14k and dropped to 7k by the end of it.

It means on average we were at around 20k, so we should go to around 80k, and then drop to 40k this year or if you take it even at lowest 15k levels then 60k to 30k is also possible as well. Something around those levels of movement would make it like it was 2019 and I feel like something more like 50k to 30k is quite likely and I feel like it will probably happen. Then the boom year will happen in 2024.

I also feel that it will not end yet, although maybe the year will pass, but not with the situation, maybe it will continue to be in a bearish situation. I am like you guys, maybe with many other colleagues who want this situation to end soon, but we know that the coming year will be a year of economic crisis and it will definitely impact crypto. so if you hope that the situation will start to recover, of course it will be very difficult to make it happen.

Despite all the troubles, Bitcoin is still standing firm, that's a good reason to be happy. I believe all that you stated above might continue to happen in the crypto space, there are many faulty foundations, so now is not the time to cry foul. All I hope for is better security and regulations that will bring more sanity among the centralized companies dealing with crypto.

Nonetheless, Bitcoin on its own does not have any issues, it's still maintaining neutrality as it is supposed to do, and has held firm despite what global inflation and economic woes have done to it. The year 2023 might be its year indeed where a better price might be seen, and everyone would be happy again.

In fact, the main anxiety is that 2023 will not be too good, and I feel more and more that the knowledge I have learned is applied to real life like a joke, and life and death depend on the uncertainty of this world, and things that we can personally change It's just too limited.

Well it's a bear market so what do we expect? this is similar to what we witnessed in 2018, and I will say that it was my first bear market so it's hard for me to cope that time because I don't know what to do.

But now, I'm cool with what had happened to 2022, another learning experience, but this time I'm not that affected anymore. Learn how to save for the rainy days, I have bitcoin in my wallet, and then still buying when the price goes down. I guess for everyone in the market, we really need to undergo this experiences to really appreciate what bear market means, it might be bloody, but for sure it will make you stronger on the next run, just saying.

Good thing this year will come to an end but I believe there will be a lot more surprises in the coming year ahead, both positive and negative. And despite all the controversies and scandalous events that made this year, one thing made me realized that there’s nowhere safe to invest other than bitcoin. And there’s no reason anymore to trust centralized exchanges, because they are all set to steal and own our funds more than we know. Manage your own coin, and save it in your own hardware wallet as not your key, not your coins.

However, with the current bear market situation, we can actually use it to increase Bitcoin investment assets.
With the occurrence of a bear market, the price of Bitcoin automatically lowers and this momentum is eagerly awaited by many investors, especially those who really only like bitcoin crypto assets.
It can also be seen from the history of the previous bear market, indeed the price of bitcoin has decreased very drastically, but in a relatively short period of time and not long ago Bitcoin has managed to rise and always reach its highest ATH in every bull market that occurs.

Well, that's hope, but on the other hand, we still can't be so sure with a benchmark like this because we are still in the bearish zone and we just need to enjoy it now. On the other hand, even though it is still uncertain, the belief must be maintained, hopefully it will end well because this is what everyone hopes for, but looking at the current conditions, I think halving is a big hope. Before the halving, we could get what we want, and now we just need to wait for it to happen.

hopefully in the coming year there will be no more obstacles like there have been, and hopefully the price of bitcoin will go up again.. but in fact the events that have occurred in the past let it be a test for bitcoin and will certainly make bitcoin stronger and more mature. and at the same time an example for us going forward to be careful in everything, especially in the field of bitcoin and crypto. and I think bitcoin for the future will be very good. as the saying goes. after dark comes light.

we won't know for the future. I guess trial by ordeal or
Tragedy is usually there, but of course in investing we must be prepared to face all of that. because the risk of investing in crypto is like that. but after many tragedies, yes, maybe it will make investors to be careful in the future. and I also hope that the bear market will end soon.

hopefully so. everything must have a test, including bitcoin.

All bloody incident OP have mentioned have no link with Bitcoin rather they are all linked with centralized institutes, and such incidents with these centralized financial institutes are not new. IMO Bitcoin has a good year i.e. 2022 as price is somewhat stable towards the ending quarter. Last year BTC saw its ATH of 67k$ and we can't have such ATH in every year.

Yeh may be 2023 will be better year as compared to 2022 or may be not because we can predict about bitcoin, but the damage which has been done by these ancident to cryptocurrency world will never recoverd. But these ancident give a huge lesson to all those investor who blindly invest in Altcoins project rather than Bitcoin.
Now they will be careful, and if they learned the lesson properly they will didn't invest in any other project, there first prefer will be bitcoin, if they didn't they will lose they asset again and again.

Doesn’t matter until the money stays in bitcoin circulation. However, things will start to exploit if bitcoin got sold for USD as per the mentioned amounts in the OP chart. I mean if investors started selling those billions of dollars worth bitcoins into fiat then we are done, we will see bitcoin falling apart and going all the way down to 2016 range.

Yes it was hacking, it was bad, but good thing is we still have the leverage of having bitcoins stored Safe somewhere on the wallets. That creates resistance until they are dormant.

Debate if you think this is a wrong logic.

Last day with Bitcoin bloody year 2022 and seems still have positive inside about Bitcoin will going pump for next year, I don't sure drastically pump with Bitcoin actually still under $17,000 right now. I still little hope with  Bitcoin come back to higher price and give us chance to earn profitable from our investment.

Hope for 2023 never have any bad moment for cryptocurrency and want to see countries or government give space regulation about Bitcoin become legal currency transaction, actually hope never have bad news and collapse exchange in 2023 and all altcoin project can exist with higher price without any problem with exploit or become scam.

All your wishes make me think you're an angel, but I'm sorry all this will never happen. Crypto regulation is inevitable, but it doesn't make bitcoin legal but gives the government more control over us. Crypto is a financial market, you can't just expect good news, and the market will only rise without falling, I will call it a scam market, and it will crash soon in the future.

I have the opposite opinion of you, I don't expect regulation, the more shitcoin special altcoin projects die and disappear the better, and 2023 there will be more crashes, the market will panic more. The market needs volatility so that we can make a profit and I don't want the scammers, the lazy ones, to get the same rewards as the real investors. Rewards should only be given to those who deserve them.

Yep. According to the historical factor, what should happen next is as you describe it.
However, there is no guarantee it will repeat again in the same scenario, it is sometimes unpredictable. Crypto trends are influenced by the world situation, it is a very unpredictable factor and may change at any time. But if everything is controlled by the whales, they may try to lead us in the same scenario. They also will take big advantage if the scenario will be the same as previously. Ideally, no whale wants to have a bad crypto year after BTC halving. They should try to lead the market into bullrun period after they bought as many as crypto coins during the bearish season. They need a year for profit accumulation, there should exit time after entry time.

Well, I don't know whether it will rise up to $80k next year but it should be above $20k. 2022 is the first year of bearish season, not surprised to see a drop of more than -75% this year. However, 2023 (next year) is the second year of the bearish season, ideally it begins to increase gradually. I predict that we begin to move up, passing $20k and ready to have a constant raise towards ATH in 2024-2025.

IMHO, CMIIW

However, we are approaching the end of the year. We can't really blame it on the season or the year. The concern is that the entire economy collapses for a variety of reasons. Aside from that, we have a lot of incidents and scams to interact with at the same time. As a result, the crypto market has dropped dramatically dramatically. A few positive vibes about crypto that would occur next year. And this would start pushing a little bit, but not enough for the bull. There aren't many reasons to expect to see a bull anytime soon. I am very concerned that at least those funds invested earlier of the bull run will be recovered.

It's really scary to see this, and I really hope that 2023 will be a good start. There are really too many events happening in 2022, and there are many not-so-good things.
I am waiting for a more suitable entry opportunity.

We all are having hopes that the next year should be positive one for the market but we don't know what awaits next and like this year there could be more crash or scams distrubing the market and not giving chance to recover.The situation will be back when investors start putting more money into the market regaining trust.But yes we have seen so many big fails this year which has wiped out billions out of market so it will take time to pump back so hope the next year brings that for us.

A lot of things has happened this year in the crypto market and the next year coming no one knows how the market will be, all what has happened this year in the crypto market this year will be used as a guide,  an experience to know how to deal with the market next year. Concerning the crash of shit coins and hacking of exchange wallets it has made us to understand how risky it is when investing in shits coins and how dangerous it is to store money in an exchange wallet.

The hope for next year to be positive market movement is of course the hope of everyone (general) both in forums and other Cryptocurrency places, this year we have been at the bottom point in a Bearish state for a long time, now we all hope that in the following year there will be resistance the chart direction is good to the bull market, but this can't claim it will happen, we won't know what will happen, it's about listening to the market, anything can happen here.

It's been a really bloody year, now that sounds like it's stopped. and in 2023 it should be a good year for Bitcoin, but don't know if this will happen, But we are looking forward to it Bitcoin will soar to the highest number in the coming year and the following years.

Seeing the events of this year, reminds of the events of a few years ago, the same events, in 2017 has similarities with 2021, and in 2022 it is like what happened in 2018, and we believe the cycle will have the same thing, but we expect this better than before.

I mean the idea is that if we had a whole year, even more than a year, nearly a year and a half with bear market then there is a set amount of bitcoins in the world and eventually people will run out of bitcoins to sell, sure there are also buyers and they could keep on selling in a cycle to keep it going lower but lets be honest eventually it will be all diamond hands and no weak hands at all.

This is why it's going to be easier to go up eventually, the more time you spend on the bear period, the closer you get to the bull period, bear is not forever and eventually it will have to end and that means this "eventually" is getting closer and closer with time.

Over time there will be more and more people, companies, and countries that will want to have Bitcoin. That, combined with the halvings will inevitably lead to higher prices for Bitcoin. This is not new or controversial, we have more than a decade's worth of data about it.

Also, in 2025 Central Banks will be able to have up to 2% of their reserves in Bitcoin. That will be a huge milestone.

Unfortunately, we're not yet done as the bear season continues and we can't be confident that this year 2023 no scam will happen.

Anyways, we can just hope for a recovery this year. The accumulations seem growing meaning that people are not afraid of the risk despite the big scam that happened last year. It was an indication that it never affects the trust in crypto.

We are heading towards halving next year and it looks more exciting as most likely everyone is expecting a new trend on the market. I can say that this year is likely to become an accumulation year in the crypto market.

If there are no something happen in bitcoin for sure more and more people will adopt bitcoin and also businesses that will accept this as payment method . Though I don't hear that central banks will be able to have 2% reserves of bitcoin. Where did you get this info ? But for sure in the future after halving the price will be stabilize in couple of months then after it bitcoin will be making again a new ATH.

But the period of halving is really difficult. Now that there is no cash, there will be no money to buy coins if there is a chance.
I deeply understand the horror and bloodiness of the bear market. I think the most important thing now is to continue to make money and seize the opportunity to continue buying more before the halving.

I read it directly from the Bank for International Settlements (BIS), which is basically the Central Bank of Central Banks.

Here's the report: https://www.bis.org/bcbs/publ/d545.pdf

Here's some news about it: Basel Committee Finalizes Policy Suggesting 2% Bitcoin Exposure Cap For Banks (https://bitcoinmagazine.com/legal/bis-finalizes-bitcoin-bank-limits)

In the last year there were indeed many events that harmed investors and bitcoin collectors, causing the value of bitcoin and altcoins to drop dramatically, for this year we hope that such events will not happen again so that the value of bitcoin can increase again, because currently there are very many investors who have suffered heavy losses so they want to get back all the assets that have been lost, With the events that have happened in the past year, we must be careful in storing our assets and choosing projects that are worthy of our participation so that there are no major problems that we will listen to this year.

We all hope that this year will be better than the current year, indeed in 2022 Many major events have occurred in the crypto world so that the value of the coin has dropped dramatically, with the events of the last year we can see and learn some things that can indeed harm us and this year we must be able to correct so that the mistakes we have made are not repeated again, and hacks that have occurred on several exchanges in order to increase higher security so that no major losses will occur this year.

The truth is something must happen to cause the greatest correction after every new Bitcoin ATH, where that will come from doesn't matter unless you are new to crypto, I was expecting something like this to happen the moment BTC hit 67,000$ and this will keep happening after every new all time high, I won't expect much from this year until BTC halving takes place but it's definitely a great time to start accumulating BTC.

Yeah, the base price of Bitcoin will probably continue to raise every few years.

The thing is that on top of that base price we will have lots of fluctuations generated by a huge amount of diverse factors.

At the end of the day, if fundamentals continue to exist, then the price should increase in the long term.

We can hope that after this bloody year we can see some positivity in market, because the damage which has been done by  scam and fraud of different projects to crypto space especially bitcoin is reviveble till some huge Bitcoin adoption news come to know .
It's true that may be Bitcoin didn't show any strong rising movement in this year, but everytime when Bitcoin halving occure it's move the Bitcoin price to next level , so we can hope that this upcoming halving will help BTC to make new ATH.

Yeah, the next halving will occur sometime in early 2024, and in 2025 the central banks will be able to have up to 2% of their reserves in Bitcoin.

That means that probably in the next two years we will see an increase in demand for Bitcoin and a decrease in new coins available.

Assuming nothing else happens, this looks like will end up with increased prices per unit.

We'll have to wait and see what happens though.

This is the risk in the cryptocurrency world. Moreover, the number of scams and also the various FUDs that are blown up a little can destroy a project. If this happens, don't be too afraid, just be vigilant, especially don't panic. It seems like it would be better if we invest in the sure thing. Bitcoin is one of the most suitable. And we must also know about asset storage to be safer.

I do think so, let's see what other FUDs and big probelms will happen again in this year before the bullish era comes up. Many people still hate cryptocurrency so much. That is why many people especially those with strong power will always spread any FUD to destroy crypto. Additionally, the competition in the crypto business is also very tight, there will be another FTX again probably?  ;D

I come down in a second if you wait.

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Fire all the moderators!

[moderator's note: consecutive posts merged]

When we do talk about future of Bitcoin or with this crypto space then nothing could really be known out and all of us would really be making those presumptions but it wont really be the exact thing that would happen but of course we could really make out assumptions basing up on what are the things that did happen in the past which it is really true that after or post halving which Bitcoins price do hit up new all time
highs which it could probably be doing the same thing and this is where most bitcoin enthusiast is really seeing or trying to wait up.For this year 2023 then it is really just still start for this new year
but we cant really know if this one would be better than on 2022.We cant still make out assurance but lets hope that it would really be at least different on making that easing ourselves on what weve seen
last year.

Indeed, crypto market experienced significant  downfall, resulting in huge losses for Investors & traders , but it is history now. The lesson we learned in 2022 are as follows:

1- No centralized exchange is 100% secure. Always keep your funds in personnel wallet.
2- Bitcoin can even break it previous low and it is not necessary that it always follows previous patterns.
3- Stable coins based algorithmic concept are not safe. They can fail anytime & cause significant financial losses.

We should forget what happened in 2022 & move on. The performance of  Crypto market has improved significantly since beginning of 2023, hopefully this trend will continue in coming weeks and months.

Such a bloody year to be honest. It was exactly opposite to the year 2021 which was like the best year for Cryptos. But I feel that the pain might still not be over. Atleast not in 2023, if I remember correctly 2018 was bad but 2019 was even worse and so were the starting months of 2020, and I somehow expect a similar pattern from the market this time as well. You might see a dull 2023 before a bright 2024.

Yes it's true that 2022 is a bloody year for Bitcoin just like this picture. But this is not the only case. In the past, such a situation was also seen in 2018 in terms of the price of Bitcoin. However, Bitcoin was backed out of the service. So I think there will be bloody days like this but at the end of the day Bitcoin will stand its head high to the moon.
2021: China bans BTC mining. Bitcoin recovers in just 5 months.
2022-23: $32 billion exchange FTX collapses. Bitcoin recovers in just 2 months.
#Bitcoin is unstoppable ✊ source (https://twitter.com/BitcoinMagazine/status/1615487664698052608?s=20&t=rt30ECSwoMduFPO1XJ3omg)

I think regardless of whether the year was bloody for bitcoin (Which it is), bitcoin is still deemed to recover due to its cyclical nature for profit. There's a plethora of reasons as to why this is the case but all of it is really pegged on the fact that bitcoin's total circulating supply is slashed midway (we call it the halving) every 4 years or something, which pumps the value of the coin drastically by means of scarcity. The next halving wouldn't happen til 2024 though, so as of now I am not really confident that bitcoin will rally upwards this year, unless something monumental were to happen.

In 2024 there will be the halving as you mentioned, but also there's another event that will happen in 2025 and is not really being discussed too much.

The BIS (Central Bank of Central Banks basically), will allow central banks all around the world from 2025 to have up to 2% of their reserves in Bitcoin. Source: https://bitcoinmagazine.com/legal/bis-finalizes-bitcoin-bank-limits

Now, that's an interesting thing. Because there will be a massive increase in demand, paired with the reduction of new coins being mined.

yes, now it's August 2023 and I personally can't wait for the btc halving in 2024, and hopefully during the next BUL RUN the btc price will be higher than in 2021. indeed there is always a lot of drama going on in the world crypto but I see the btc price is still very good for now.I hope this year won't be a bloody year, and I hope that at the end of this year the price of BTC will up.