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[GigaBit]

But as of now, 2022 isn't yet over, and might there be a big boom waiting in the middle of the month, what do you think? 

I don't think we'll have what you call a big boom before the end of the month, media still talking about FTX and Luna, and the Bitcoin price is not moving at all, I cannot think of better news that can turn around the market, I don't want to see my portfolio right now if Bitcoin is having the worst year it's even worst on altcoins, but I don't think Bitcoin will go down further to $10k.
If you're a positive investor this is the best time to buy Bitcoin and other coins that have proven their worth in the market.

Those who believe in Bitcoin will not consider bitcoin as worst. It is a very common picture of Bitcoin 4 year bitcoin cycle. We are aware of a major decline in 2014 where Bitcoin price went from $1000 to below $200. Again in 2018 we faced a major decline where the price of Bitcoin went from around $8000 to around $3000 and 2022 will be another year of decline. At the moment everyone knows about its situation. It has gone from $50,000 to $16000. Bitcoin crash which we see every 4 year cycle. As people's knowledge about Bitcoin increases, people naturally start accepting its variations. Compared to other years, the fall has been drastically more this year. But the most important thing is that after such a fall, Bitcoin is again bullish and is much higher than its previous ATH. According to that calculation I think the next bull market could be even more stronger.

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[adaseb]

Yes it’s pretty scary how similar 2022 is to 2018. Back in Oct 2022 I was wondering if anything drastic would happen in November like in 2018 but I assumed it would just trade sideways. But in the first week of FTX being insolvent proved otherwise.

Now we just need some normal chop for the next 3 months and it’s confirmation that we are in an accumulation phase and not much will happen really. Until Q2 2023.

[Lubang Bawah]

What I remember in 2018 is the lowest price of around $ 3800 or drops more than 80% compared to ATH in 2017, now the lowest price is around $ 15500 or drops around 79% compared to ATH in 2021, of course we are still worried about a big decline will occur again because in social media many people who advocated to sell immediately before losing deeper.

[onecall123]

There should have been a knowledge of better by now. Aside from 2022 being the second worst year for Bitcoin, 2022 was also the year when people learned how important it is to remove their Bitcoins from exchanges. Other than that, it doesn't look scary anymore. We are in the process of bottoming out. Things will return to normal as the cycle repeats.

[MarjorieZimmermanGinger]

I believe that this year will close in much the same way as 2018 and we should not expect any Christmas bull rallies or anything like that. I don't really understand why people are still hoping for some sort of rise in bitcoin when the market is on the verge of a crash and negative news comes one after another. What resources will be used to conduct the bullrun? Now it is worth hoping that Bitcoin at least retains what it has, and does not fall even lower.

Seeing poor resistance in the bitcoin market for this year. So that there is no good accumulation for bitcoin on the bullrun path. This time it also reminds me of your post about the four-year cycle, where all the chaos will culminate when the market again shows a green line on the PC or Android screen that we have, for this year there are almost no resources that can bring bitcoin at a higher price.

Keeping what bitcoin currently has, it looks so lined up and quite organized, it's time to ENJOY.

With just over 2 weeks left until the end of 2022, Bitcoin is at risk of closing Q4 in the red, meaning that 2022 will be the first all-red year in history, quarter-by-quarter. 2022 brought many anti-records to bitcoin.

Red is synonymous with bulls, looks fierce but scary !!
Never mind, we will wait for the green line in the following year.

I hope, relying on the theory of the cyclical nature of the bitcoin market, 2023 will still be the beginning of the recovery of the crypto market in general and bitcoin in particular.

Always waiting for 2023 for bitcoin to recover everything, so 2024 is the next ATH milestone for bitcoin.

[Yaunfitda]

I believe that this year will close in much the same way as 2018 and we should not expect any Christmas bull rallies or anything like that. I don't really understand why people are still hoping for some sort of rise in bitcoin when the market is on the verge of a crash and negative news comes one after another. What resources will be used to conduct the bullrun? Now it is worth hoping that Bitcoin at least retains what it has, and does not fall even lower.

Seeing poor resistance in the bitcoin market for this year. So that there is no good accumulation for bitcoin on the bullrun path. This time it also reminds me of your post about the four-year cycle, where all the chaos will culminate when the market again shows a green line on the PC or Android screen that we have, for this year there are almost no resources that can bring bitcoin at a higher price.

Keeping what bitcoin currently has, it looks so lined up and quite organized, it's time to ENJOY.

With just over 2 weeks left until the end of 2022, Bitcoin is at risk of closing Q4 in the red, meaning that 2022 will be the first all-red year in history, quarter-by-quarter. 2022 brought many anti-records to bitcoin.

Red is synonymous with bulls, looks fierce but scary !!
Never mind, we will wait for the green line in the following year.

I hope, relying on the theory of the cyclical nature of the bitcoin market, 2023 will still be the beginning of the recovery of the crypto market in general and bitcoin in particular.

Always waiting for 2023 for bitcoin to recover everything, so 2024 is the next ATH milestone for bitcoin.

Milestones or new all time high should occur in 2025, just like what we have seen in 2017 and 2021.

Of course right after the bitcoin halving, we might see a huge increased in price in 2023, but it's nothing to compare to a new all time high that we might have to see in 2025, numbers like 6 digits have been thrown around, but we will have to see.

For being the worst year for bitcoin, it's kinda scary but we have seen this movement in 2018 and definitely in 2020.

[CageMabok]

What I remember in 2018 is the lowest price of around $ 3800 or drops more than 80% compared to ATH in 2017, now the lowest price is around $ 15500 or drops around 79% compared to ATH in 2021, of course we are still worried about a big decline will occur again because in social media many people who advocated to sell immediately before losing deeper.

Do you know people who advocate selling immediately before losing large amounts? If you don't know who recommended it, you actually still have two choices for it. First, you can just ignore the suggestion because maybe that person deliberately wants to trap everyone through that suggestion so he can buy something at a super cheap price.

Second, you could have sold as soon as possible if you really trusted the person who made the suggestion about it. Because he has succeeded in making you panic quickly and release any assets into the market under the pretext of more losses. So you can choose these two options very wisely now.

[MoonOfLife]

What I remember in 2018 is the lowest price of around $ 3800 or drops more than 80% compared to ATH in 2017, now the lowest price is around $ 15500 or drops around 79% compared to ATH in 2021, of course we are still worried about a big decline will occur again because in social media many people who advocated to sell immediately before losing deeper.

If bitcoin continues to fall from here and the price hits below 12k, then 2022 will be the worst year for bitcoin. If calling this the worst year I would agree because in terms of declines it's not the worst year for bitcoin, but if you count what happened in 2022, it was a worst year. Crisis, war, inflation... bitcoin has never experienced these things before.

[Welsh]

Maybe, this will end the predictions based on past years. I don't know why people look at past years performances, and think it'll follow that pattern. It's unsustainable to follow that pattern, and a ton of us would be getting rich. It just doesn't work like that, and I think it's rather naive to think it does.

Unfortunately, humans are programmed to recognise patterns, even when there's no real pattern there. So, what we think is a pattern, could simply be natural variance. Of course, given enough time, and data you can form patterns, but what we struggle to pinpoint a lot of the time is this pattern was formed because of what happened during that time.

If you compare the last four years with the next four years, if we don't have an event similar to FTX we probably won't see the same pattern. Therefore, patterns are largely useless, as they're a direct response on what happened at the time.

[buwaytress]

Well, I like to say for things to get better, they need to get worse first. I'm ready for more bad news, bring on the FUD and the drops, I ain't going anywhere. All-red quarters first ever, sounds like music to my long-term ears (laugh/cry).

The harder the fall, the bigger the halving bounce, no?

[KingsDen]

Hopefully early 2023 is an early recovery for bitcoin although we always envision a recession in that year but it looks like this won't affect bitcoin unless we are concerned about fiat.

I don't feel worried in 2022 because we can only HODL and don't think more about other pattern conditions, but I believe after last year's ATH will definitely be bearish and now in 2022 is the time when 2018 repeats itself.

We believe in a 4 year cycle where bitcoin will definitely recover again and look at this picture, maybe it will be the same in 2024?
Hopefully it will.

We are still in the 4yrs circle and at the end of the cycle bitcoin will rise. I would have said that Op should wait till this year is over before he will make the analysis but I just realised that there won't be significant changes in bitcoin again this year.

[ScamViruS]

I don't think we'll have what you call a big boom before the end of the month, media still talking about FTX and Luna, and the Bitcoin price is not moving at all, I cannot think of better news that can turn around the market, I don't want to see my portfolio right now if Bitcoin is having the worst year it's even worst on altcoins, but I don't think Bitcoin will go down further to $10k.
If you're a positive investor this is the best time to buy Bitcoin and other coins that have proven their worth in the market.

I'm still optimistic that Bitcoin won't go below $10k. But, bad news has gone crazy in the market, one end leads to another which has a lot of impact on the price of Bitcoin. As more FUD come out, and traditional market conditions worsen, we may see Bitcoin move to unexpected levels. 2022 has been a truly nightmare year for crypto investors, I never dreamed of this scenario. But the reality is that I have faced it. Solid altcoins may be a buy now, from a long-term investment perspective.

[goaldigger]

I don't think we'll have what you call a big boom before the end of the month, media still talking about FTX and Luna, and the Bitcoin price is not moving at all, I cannot think of better news that can turn around the market, I don't want to see my portfolio right now if Bitcoin is having the worst year it's even worst on altcoins, but I don't think Bitcoin will go down further to $10k.
If you're a positive investor this is the best time to buy Bitcoin and other coins that have proven their worth in the market.

I'm still optimistic that Bitcoin won't go below $10k. But, bad news has gone crazy in the market, one end leads to another which has a lot of impact on the price of Bitcoin. As more FUD come out, and traditional market conditions worsen, we may see Bitcoin move to unexpected levels. 2022 has been a truly nightmare year for crypto investors, I never dreamed of this scenario. But the reality is that I have faced it. Solid altcoins may be a buy now, from a long-term investment perspective.

The good thing is, 2022 is about to end and we’re still lucky to be here and still have the chance to recover. Let’s just hope that the coming years, the market will start to become better and see if this trend will continue in the next four years. Bitcoin seems to be more week as we are near to end the 2022, probably many are still on a spending moment and still panicking with the fud.

[Ultegra134]

Interesting chart. I actually have never bothered to compare gains among the first few years of Bitcoin, in which you'll notice massive, inconceivable gains. It's astonishing to think of an investment achieving over 5500% of its original value within a single year. From my point of view, 2022 has been a terrible year in terms of price. Bitcoin has lost tremendous value, but the somewhat fortunate thing is that this recession is not confined only to cryptocurrencies. People are quick to judge simply by looking at the minus sign in front and claiming that Bitcoin was a Ponzi scheme that came to an end. As I've also mentioned before, 2022 is showing many similarities with the 2018 crash; however, the issue now is a lot wider.

Those who are capable of investing now will have great profit margins in the upcoming years. I see it as a second chance to acquire relatively cheap Bitcoin. Personally, 2018 sucked because it made me abandon cryptocurrencies, but I'm still in the game, so far so good.

[ScamViruS]

I don't think we'll have what you call a big boom before the end of the month, media still talking about FTX and Luna, and the Bitcoin price is not moving at all, I cannot think of better news that can turn around the market, I don't want to see my portfolio right now if Bitcoin is having the worst year it's even worst on altcoins, but I don't think Bitcoin will go down further to $10k.
If you're a positive investor this is the best time to buy Bitcoin and other coins that have proven their worth in the market.

I'm still optimistic that Bitcoin won't go below $10k. But, bad news has gone crazy in the market, one end leads to another which has a lot of impact on the price of Bitcoin. As more FUD come out, and traditional market conditions worsen, we may see Bitcoin move to unexpected levels. 2022 has been a truly nightmare year for crypto investors, I never dreamed of this scenario. But the reality is that I have faced it. Solid altcoins may be a buy now, from a long-term investment perspective.

The good thing is, 2022 is about to end and we’re still lucky to be here and still have the chance to recover. Let’s just hope that the coming years, the market will start to become better and see if this trend will continue in the next four years. Bitcoin seems to be more week as we are near to end the 2022, probably many are still on a spending moment and still panicking with the fud.

We certainly pray that 2023 will be a good and positive year for the crypto market. In keeping with the state of the global economy, the stock market is also showing a downward trend, along with Bitcoin, it has also seen a downward trend. After the Luna incident the market trend was known to change but the FTX incident came up again and changed the market trend again. And now again Binance FUD is creating a bad effect on the market. Hope 2023 will be a fud free year and the market trend will change in positive direction.

[kamvreto]

The good thing is, 2022 is about to end and we’re still lucky to be here and still have the chance to recover. Let’s just hope that the coming years, the market will start to become better and see if this trend will continue in the next four years. Bitcoin seems to be more week as we are near to end the 2022, probably many are still on a spending moment and still panicking with the fud.

We certainly pray that 2023 will be a good and positive year for the crypto market. In keeping with the state of the global economy, the stock market is also showing a downward trend, along with Bitcoin, it has also seen a downward trend. After the Luna incident the market trend was known to change but the FTX incident came up again and changed the market trend again. And now again Binance FUD is creating a bad effect on the market. Hope 2023 will be a fud free year and the market trend will change in positive direction.

several bad events that occurred and FUD which continues to be spread aiming to suppress the economic market is getting worse. besides that, the war between the two countries also affected the current state of the economy. The crypto market is currently still unstable, there is a lot of negative news that has surfaced and the last one is FUD Binance. Everyone hopes that 2023 will be a good start to the year for the crypto market, but if the market remains stagnant and slides further, we should be prepared for another low. the best trigger is when the Halving will occur in 2024. Hopefully, the market will get better soon, which is highly expected.

[el kaka22]

I think it is clear that we are all torn apart about what to think of 2022, but we could clearly say that it wasn't a good year. Perhaps it may not be the second worst year, or maybe it didn't do too bad, but not good or even not great is a clear one.

Considering we had a year where it was all bear run and bad news, I can say that it is clearly an understanding where it is not looking a great deal at all. I personally would love to see it grow bigger next year, to at least 30k+ levels and hopefully over 50k if it is all possible. That would be a good year for me, then we can build from there but the current state of bitcoin is not as terrible as some people make it out to be neither.

[LogitechMouse]

I experienced both the bear market in 2018 and in 2022.

The only difference is that, when I experienced it in 2018, I don't have any knowledge at all and I don't have any crypto holdings at that time thus, I'm not affected that much. Now 2022, I'm holding a few coins including Bitcoin and I feel how my portfolio went down so bad. The good thing though is that I'm not letting myself affected thru it and I'm not making bad decisions at all. I'm just steady accumulating more knowing that it will recover anytime soon.

2022 might be the 2nd worst year for Bitcoin but expect more or at least it will continue in 2023 though not as bad as this year. Inflation in US is starting to decline already which is a good sign. On the other hand, the past performance doesn't mean that it will happen in the future. We've seen some events that only happened this year thus, let's not rely too much on past performances. Expect some changes but anytime in the future, I believe that Bitcoin and crypto in general will recover.

[CageMabok]

If bitcoin continues to fall from here and the price hits below 12k, then 2022 will be the worst year for bitcoin. If calling this the worst year I would agree because in terms of declines it's not the worst year for bitcoin, but if you count what happened in 2022, it was a worst year. Crisis, war, inflation... bitcoin has never experienced these things before.

Bitcoin's decline this year was only due to a few different things from the previous one, but Bitcoin could still recover when the things you mentioned are done. And regardless of what others say about Bitcoin this year, I personally still have faith in the price increase in Bitcoin. Because what has been seen and seen by many people in the past on Bitcoin is a proof that maybe it can still happen to Bitcoin in the years to come.

[Dave1]

If bitcoin continues to fall from here and the price hits below 12k, then 2022 will be the worst year for bitcoin. If calling this the worst year I would agree because in terms of declines it's not the worst year for bitcoin, but if you count what happened in 2022, it was a worst year. Crisis, war, inflation... bitcoin has never experienced these things before.

Bitcoin's decline this year was only due to a few different things from the previous one, but Bitcoin could still recover when the things you mentioned are done. And regardless of what others say about Bitcoin this year, I personally still have faith in the price increase in Bitcoin. Because what has been seen and seen by many people in the past on Bitcoin is a proof that maybe it can still happen to Bitcoin in the years to come.

It's the cycle, this year it was a bear market that's why the price is in the decline, but we have to think what causes the price to go down?

1. War
2. Terra Luna
3. FTX

So that is the main reason for this year, but we don't know if we have reach the bottom in this bear market because the decline will continue till next year.

Of course, we can still recover, but the best time for it is after the halving in 2024.