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Author Topic: Bitcoin high prediction 2023?  (Read 1308 times)
GeorgeJohn
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December 13, 2022, 09:29:47 PM
 #41

If you're hodling altcoins, it's tricky because a lot depends on which ones you bought, how long have they been around, did they manage to recover from 2018 crash (if they were around) etc. Some altcoins will recover with Bitcoin, but it's still a significant risk. Some might never recover.
As for Bitcoin, I think expecting $100k+ is reasonable, if not in 2023, then in 2024.
Despite that any investment of cryptocurrency is a risk, i would have say that altcoins are good for investment because whenever it encroach bullish market been the investment of altcoins you will make a huge profit, but know take altcoins is the highest kinds of investment you venture to, because some of them doesn't have potentials, so since some them does not potential it will just die off on the process of investment. So it's reasonable if you want to invest during constant bearish market and you go strictly to Bitcoin that has good potential and the time to recover whenever it falls.


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December 14, 2022, 12:41:07 AM
 #42

Bitcoin's price will be higher at the end of 2023 than it was at the beginning, mainly because of the approaching halving in Q2 of 2024. Additionally, I anticipate that most countries will relax their economic policies after recovering from the effects of the war and pandemic, which will allow for gradual inflows of funds into investments around the world.
If you put it that way, I'd be waiting for the end of the year to see how much Bitcoin price will increase in the market. Because this year there are only 20 days left before entering the new year and that is a very short time.
lol why need to wait till year end when you can already decide now? the volatility of this coin mostly act in end season like this so do it accordingly or be sorry next year.
Quote
I see the price of Bitcoin at the moment is always bouncing and I also don't know if that is a sign of increasing higher, or dropping to a lower price than before. Even though if we look at the global use of Bitcoin and cryptocurrency adoption it has started to spread to several countries at this time. And that's a very good thing for Bitcoin.
this is a sign that we are stable now and seems to be continuing this whole year end of December.
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December 14, 2022, 02:19:15 AM
 #43

Yes, it is better to counter the rise and fall of Bitcoin through DCA. If you accumulated more of it at $16,000 or $17,000, you don't have to wait for the time when the price goes back to how much you bought your first Bitcoin. If you bought your first Bitcoin when the price was around $40,000, you could recover your loss even if Bitcoin only reaches $30,000. You could even profit already. So it's great that you realized this.

But since you are planning to hodl, it is even better. It is always best if all your Bitcoin is in profit.
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December 14, 2022, 02:31:40 AM
Last edit: December 14, 2022, 04:09:25 AM by Oasisman
 #44



I see the price of Bitcoin at the moment is always bouncing and I also don't know if that is a sign of increasing higher, or dropping to a lower price than before. Even though if we look at the global use of Bitcoin and cryptocurrency adoption it has started to spread to several countries at this time. And that's a very good thing for Bitcoin.
this is a sign that we are stable now and seems to be continuing this whole year end of December.

I'm expecting a slight BTC rise approaching the last week of December. I am considering people would buy fractions of Bitcoin after the release of the Christmas bonuses and other monetary gifts for the employees, since Bitcoin is also considered cheap at $17k.
I'm expecting at least $18k-$20k rise just before the year ends. Then, I wouldn't be expecting a bull run next year, maybe we'll see BTC roaming around $15k - $25k.

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December 14, 2022, 02:40:25 AM
 #45


But since you are planning to hodl, it is even better. It is always best if all your Bitcoin is in profit.
and I was thinking what concerns Him more when he already mentioned about Hodling ? maybe the best  question is how much it will fall in 2023 so there will always a chance to add more from his hodlings right?

i try to accumulate everytime the price drops so surely once it crosses that value again i will be profiting.



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December 14, 2022, 03:42:58 AM
 #46


But since you are planning to hodl, it is even better. It is always best if all your Bitcoin is in profit.
and I was thinking what concerns Him more when he already mentioned about Hodling ? maybe the best  question is how much it will fall in 2023 so there will always a chance to add more from his hodlings right?

It also got me thinking but it's possible he's not really hodling in the sense that he doesn't anymore care about what will happen to the price or his profit. It seems he is only hodling until a new ATH is reached or if he is already in profit. At that point he will probably sell just like he planned with his altcoins. But if it's true that he is planning to hodl until £100,000, then there is really no point worrying about the price today. He just have to buy more while the price is low and increase his potential profit.
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December 14, 2022, 04:51:59 AM
 #47

Today the market rises again by around 4% and makes us optimistic that prices will return to the $ 20K level, of course, will be a good start in 2023 so that the market can rise again, many conditions that affect prices can rise or not in 2023, but As long as there are no big cases such as FTX, we deserve to be sure that prices can touch at least 300% of the current price of around $ 50K.



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December 14, 2022, 12:04:11 PM
 #48


i try to accumulate everytime the price drops so surely once it crosses that value again i will be profiting.


For now DCA is what a good and determine trader or hodler should be doing because the price is quite low and with the little move we are seeing since a week after that FTX scam seem to be settling its dust. Maybe the confidence after that incident is growing again. This is December and the price has appreciated hitting $18k few days back, the new year may take another turn.
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December 14, 2022, 12:21:31 PM
 #49

Up until today I had the plan of just holding and selling when everything gets back to all time highs again but I have just realised as I have been buying at these lows for a while now my average buys have decreased a lot meaning I don’t need my investments to go back to all time highs to see good returns.
If you hold for more years then you will see all your bitcoin in multi-fold profits which means you never need to worry about your initial capital as some 10% of your total bitcoins are enough to cover the capital amount and then you can leave off your investments to keep growing. This is how true bitcoin adaptors do. This must be the simple trick to enjoy the maximum benefits out of bitcoin investments.

I am curious to know how high we all feel Bitcoin can reach later in the year before 2024?
Before 2024, you may not see any big rallies but if you remain patience until end of 2025 then you can see at least 10x appreciation from the current prices as bitcoin is speculated to test $1 million by end of 2025 (~20x from current ATH).

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December 14, 2022, 12:54:07 PM
 #50

I am hopeful that Bitcoin will reach $40k by the year 2023. However, the halving cycle will continue, albeit not precisely. As a result, it will eventually fall back to $20k. I anticipate Bitcoin to be around $20k-$30k by the end of the year. Before the beginning of the halving year, 2023 will be the best year to purchase Bitcoin.

Anyhow, these are all speculations, significant occurrences such as Terra and FTX may alter Bitcoin price direction. But we hope to hear more encouraging news, such as another state adopting Bitcoin as a currency.

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December 15, 2022, 12:54:38 PM
 #51

Today the market rises again by around 4% and makes us optimistic that prices will return to the $ 20K level, of course, will be a good start in 2023 so that the market can rise again, many conditions that affect prices can rise or not in 2023, but As long as there are no big cases such as FTX, we deserve to be sure that prices can touch at least 300% of the current price of around $ 50K.

BTC has really shown some positive attitude. If it keeps the same pace throughout the December, then definitely 2023 will be really big for Bitcoins. If Bitcoins anyhow crosses 20k usd mark by the end of this month, then definitely we will break the resistance and will come towards another bull run. Let’s not miss the opportunity, and buy as many coins as we can. As once Bitcoin crosses 20k usd, it won’t stop. And it’s better to buy and hold than regret. Let’s hope for the best.

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December 15, 2022, 04:36:04 PM
 #52


As once Bitcoin crosses 20k usd, it won’t stop. And it’s better to buy and hold than regret. Let’s hope for the best.

Is this an expert advise? We have to be guided with this little rally and resistance that bitcoin has done since the last week. It is true that the expectation for bitcoin this month to drop has not been felt but notwithstanding we don't have to jump in all in all for the expectation for bull early, at least DCA is still a better pattern to hodl.
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December 15, 2022, 06:05:45 PM
 #53

~
I know we are likely to drop further in the first few months of 2023 but I am curious to know how high we all feel Bitcoin can reach later in the year before 2024?
Till now cryptocurrency market has all the favorable conditions without any regulators or restrictions but with major scams and exchanges funneling out money left and right and going bankrupt you have to believe that we might be seeing strict regulation in the next few years and that might change the cycle as well like we used to see in the past 3 rallies.

One thing is certain, halving is real and when the number of coins reduces that will make an impact in the market and we can only speculate as we are in unchartered areas as the market is barely a decade old and personally as an investor i would like to see the same kind of rally like we used to see and if that happens $100k would not be a huge barrier this time but only time will tell  Wink.
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December 15, 2022, 06:20:32 PM
 #54

As once Bitcoin crosses 20k usd, it won’t stop. And it’s better to buy and hold than regret. Let’s hope for the best.

Is this an expert advise? We have to be guided with this little rally and resistance that bitcoin has done since the last week. It is true that the expectation for bitcoin this month to drop has not been felt but notwithstanding we don't have to jump in all in all for the expectation for bull early, at least DCA is still a better pattern to hodl.
No, that's not the expert's way of saying that "after $20,000 bitcoin won't stop" This seems to be in doubt.

Bitcoin is still not strong enough to rally and can only hold resistance but the price is back down meaning that with the pattern of resistance still not strong enough we are still at the lowest support point at the moment, you need to know that market expectations are still not strong enough to stop the decline so we have to stay big wait for this.

True DCA and Dips are still a great way to hold bitcoin, as strong as we can be we have to hold on and strong run buying bitcoin at any cost.

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December 16, 2022, 12:45:42 PM
 #55

Is this an expert advise? We have to be guided with this little rally and resistance that bitcoin has done since the last week. It is true that the expectation for bitcoin this month to drop has not been felt but notwithstanding we don't have to jump in all in all for the expectation for bull early, at least DCA is still a better pattern to hodl.
No, that's not the expert's way of saying that "after $20,000 bitcoin won't stop" This seems to be in doubt.

Bitcoin is still not strong enough to rally and can only hold resistance but the price is back down meaning that with the pattern of resistance still not strong enough we are still at the lowest support point at the moment, you need to know that market expectations are still not strong enough to stop the decline so we have to stay big wait for this.

True DCA and Dips are still a great way to hold bitcoin, as strong as we can be we have to hold on and strong run buying bitcoin at any cost.
Resistance is still there and the market is not acting the way it should towards how we are right now. Let me put it this way, as soon as we start to do some good, there are some news that will put some doubt in peoples minds and the price goes down. What does this tell us?

There are some high upper people that has a lot of money, but not as much as us, so they are using us to make the price go down, if they wanted to drop it themselves financially, it wouldn't be possible because their money is not enough, but pay a few million to bribe some people and buy some media and you can in still doubt in peoples minds and they will start selling for you, in tune of billions.

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December 16, 2022, 01:17:31 PM
 #56

I know we are likely to drop further in the first few months of 2023 but I am curious to know how high we all feel Bitcoin can reach later in the year before 2024?
I once asked a crypto expert about speculation and Bitcoin price predictions in my country.
said the expert.
For 2023 Bitcoin is a bit difficult to speculate and predict, not the same as Bitcoin prices in previous years, he realized that this year the crypto market was indeed difficult and difficult to predict analytically, he said it was caused by the negative things that had happened so far to many crypto trading exchanges, but he did not mention the exact direction of Bitcoin going forward.

The expert advised me if you do something with Bitcoin, follow your heart and mind, don't be guided by the news on the internet, that's the advice I can come up with, but he said Bitcoin will fall below its current price, he did not mention what the lowest price.

I think from the words of the expert, that at this time if we want to invest or trade the decision is up to us, good and bad choices we ourselves decide.

R


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December 16, 2022, 09:21:06 PM
 #57

I know we are likely to drop further in the first few months of 2023 but I am curious to know how high we all feel Bitcoin can reach later in the year before 2024?
I once asked a crypto expert about speculation and Bitcoin price predictions in my country.
said the expert.
For 2023 Bitcoin is a bit difficult to speculate and predict, not the same as Bitcoin prices in previous years, he realized that this year the crypto market was indeed difficult and difficult to predict analytically, he said it was caused by the negative things that had happened so far to many crypto trading exchanges, but he did not mention the exact direction of Bitcoin going forward.

The expert advised me if you do something with Bitcoin, follow your heart and mind, don't be guided by the news on the internet, that's the advice I can come up with, but he said Bitcoin will fall below its current price, he did not mention what the lowest price.

I think from the words of the expert, that at this time if we want to invest or trade the decision is up to us, good and bad choices we ourselves decide.
I agree that its not good and its not going to be good for a long time as well. Its a hard prediction because 2023 is unlike any other year, it's not looking like coming off a recovery, it's not coming of a bull run, its looking like it accepted bear run and then stable afterwards. That is usually not that common, either we are in a bull run and going up, or we are in a bear run and go down, right now its not going down much, and its not going up, sure there are 5-10% moves but those are small for crypto and it looks like we are just stable which is usually very unlikely scenario for crypto since it is known to be super volatile, nothing small like we are seeing.

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erep
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December 16, 2022, 09:59:14 PM
Last edit: December 16, 2022, 10:22:32 PM by erep
 #58

I agree that its not good and its not going to be good for a long time as well. Its a hard prediction because 2023 is unlike any other year, it's not looking like coming off a recovery, it's not coming of a bull run, its looking like it accepted bear run and then stable afterwards. That is usually not that common, either we are in a bull run and going up, or we are in a bear run and go down, right now its not going down much, and its not going up, sure there are 5-10% moves but those are small for crypto and it looks like we are just stable which is usually very unlikely scenario for crypto since it is known to be super volatile, nothing small like we are seeing.
I'm not predicting a worst case scenario for 2023 even though we are currently at the worst end for 2022, I believe the second quarter of 2023 will recover the crypto price and hope it will stabilize above $20k but if another big FUD news comes it will be very vulnerable to hit the market lower below $14k after the last historical ATH was reached. Actually I can't believe BTC price is back below $20k but the impact of FTX and Luna is worst because both cases have destroyed investors' confidence in the exchange and market price.
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December 16, 2022, 10:50:07 PM
 #59

I agree that its not good and its not going to be good for a long time as well. Its a hard prediction because 2023 is unlike any other year, it's not looking like coming off a recovery, it's not coming of a bull run, its looking like it accepted bear run and then stable afterwards. That is usually not that common, either we are in a bull run and going up, or we are in a bear run and go down, right now its not going down much, and its not going up, sure there are 5-10% moves but those are small for crypto and it looks like we are just stable which is usually very unlikely scenario for crypto since it is known to be super volatile, nothing small like we are seeing.
I'm not predicting a worst case scenario for 2023 even though we are currently at the worst end for 2022, I believe the second quarter of 2023 will recover the crypto price and hope it will stabilize above $20k but if another big FUD news comes it will be very vulnerable to hit the market lower below $14k after the last historical ATH was reached. Actually I can't believe BTC price is back below $20k but the impact of FTX and Luna is worst because both cases have destroyed investors' confidence in the exchange and market price.

There is a bold person that predicted Bitcoin will go up $250k  six months from now.  I read an article from cointelegraph a few days ago and this thread reminds me of the bold prediction of that person.  Although it is baseless, he believe that Bitcoin will only need six months (about middle year next year) to be in $250k price.

I found it insane but of course I hope it will happen even my logic say it is impossible.  If you wanted to read the article, you can find it here: https://cointelegraph.com/news/tim-draper-still-positive-on-250k-bitcoin-price-prediction-in-2023.

and this is the reason why he thinks BTC will surge in about six months :

Quote
“I think this fiasco is going to bring on a lot more Bitcoin maximalists. Note that your money is not secure in a centralized system, whether crypto or fiat.”

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December 16, 2022, 11:06:34 PM
 #60

I'm not predicting a worst case scenario for 2023 even though we are currently at the worst end for 2022, I believe the second quarter of 2023 will recover the crypto price and hope it will stabilize above $20k but if another big FUD news comes it will be very vulnerable to hit the market lower below $14k after the last historical ATH was reached. Actually I can't believe BTC price is back below $20k but the impact of FTX and Luna is worst because both cases have destroyed investors' confidence in the exchange and market price.
Because investor confidence was destroyed this year as a result of the two major cases that occurred this year, for next year investor confidence will not immediately return to the market and Bitcoin even though it is still very slowly possible for the market and Bitcoin to recover. But it's definitely going to take a little longer than last year or more than usual, because it's about the lost confidence among investors.

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