Bitcoin Bloody Year 2022 coming to End

[Emitdama]

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.

[lepbagong]

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.

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.

[EarnOnVictor]

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.

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.

[BATHES]

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.

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.

[btc_angela]

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.

[Sanitough]

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.

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.

[klidex]

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.

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.

[Jody.Drummer]

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.

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.

[landheer]

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.

[Bazzu]

We all hope that such incidents do not happen in cryptocurrencies in the coming 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.

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.

[Tallupooh]

We all hope that such incidents do not happen in cryptocurrencies in the coming 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.

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.

[WatChe]

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.

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.

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.

[ZAINmalik75]

Well, time moves on and hopefully by the end of 2022 we also are going to see a better year in 2023.

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.

[Flexystar]

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.

[Bobrox]

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.

[Iranus]

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.

[kawetsriyanto]

~~snip~~

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

[The Cryptovator]

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.

[Golfler]

https://i.imgur.com/uLcbr5Q.jpg

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.

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.

[worle1bm]

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.