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Author Topic: Your experience with bitcoin in 2022 and your expectations come 2023.  (Read 292 times)
CryptSafe (OP)
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December 28, 2022, 03:08:56 AM
 #1

 As we head towards the new year, 2022 has been a rough year for Bitcoiners with so many ups and downs in the blockchain space. Lots happened which also affected the general Crypto market as well.  Hacks, misappropriation, carelessness and recklessness with investors funds and assets which no one could comprehend. CEX rascality caused a whole lot of issues which resulted to some popular slogans such as " not your keys, not your coin" what will you say with regards to your journey and experience in 2022. Do you think there could be  a shock come 2023 in the bitcoin price and the general Crypto market at large. This shock could be positive or otherwise. Say your opinion on your expectations for bitcoin come 2023.

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December 28, 2022, 03:25:36 AM
 #2

Lots happened which also affected the general Crypto market as well.  Hacks, misappropriation, carelessness and recklessness with investors funds and assets which no one could comprehend.
Lots of bad things but not all of them are new types of bad things in cryptocurrency. Hacks, data leaks, scams, Ponzi schemes, they are all old things. Only DeFi 2.0, stable coins, algorithmic stable coins help scammers to scam more easily. They scammed people not because cryptocurrency market is a scam market but this market is one of tools used by scammers.

Quote
CEX rascality caused a whole lot of issues which resulted to some popular slogans such as " not your keys, not your coin" what will you say with regards to your journey and experience in 2022.
I share bad experience and horrible loses of people in FTX fiasco but from now, we would have more transparency from CEX operations and reports. Not all consequences from FTX fiasco are bad.

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December 28, 2022, 04:06:38 AM
 #3

Do you think there could be  a shock come 2023 in the bitcoin price and the general Crypto market at large. This shock could be positive or otherwise. Say your opinion on your expectations for bitcoin come 2023.
To be honest with the previous incidents and tragedies happened on the crypto projects such as defi down, cex down, nft down, and every related are put into a hard position. But I guess thats how the market it is. There will be new tech or thing that will bring back the market healthy again. Lets just say this is just a temporary set back for everyone. Theres what we called cycle and this is only a part of that.

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December 28, 2022, 05:04:33 AM
 #4

Honestly I'm not really surprised to see FTX going to bankrupt because there's already a lot centralized exhange got hacked and bankrupt since 2011. Although there's many articles and people have been pointed out about "not your keys, not your coins", many people still don't care and we will see people will lost their coins every year. This year doesn't have a lot changes, only about taproot address.

Next year I also don't expect anything except bear season.

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December 28, 2022, 05:16:26 AM
 #5

Not so good experience, but it's enough to keep collecting some bitcoins. The year 2022 I hope is the last year in the repetition of BTC's bearish period. Then 2023 is a repeat of btc's bullish period leading up to the next halving session and reaching a new ATH. I hope it keeps repeating itself and that cycle continues to be believed. Although a while ago I read on Cointelegraph that the 40,300BTC that had been mined this year had been sold. This is done by Core Scientific, Riot, Bitfarms, Cleans Park, Marathon, Hut8, HIVE, Iris Energy, Argo and Bit Digital.It seems that they are struggling to bear the cost of Minning especially the cost of Electricity. Despite the recession issue and a lot of bad news regarding crypto that makes investors a little hesitant to invest.

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December 28, 2022, 05:18:38 AM
 #6

Seems like 2018 - 2019 repeating itself.

Unlike back then, I ain't selling my Bitcoin anymore. Diamond hands baby.

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December 28, 2022, 05:36:26 AM
 #7

This year I haven't looked at altcoins as much and haven't traded as regularly as last year. I have learned a lot in this space from holding bitcoins, I have felt how to be a "diamond hands" during a bear market, crisis, and I have to really focus harder on work outside this space to still get the necessities of life as normal as before. Yeah, bitcoin is also not crisis-resistant enough.

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December 28, 2022, 05:45:29 AM
 #8

I don't think there will be any surprises in 2023, especially at the beginning of the year because I still feel that market conditions can still be like this and won't change too significantly.
But I'm still positive that towards the middle of next year, things can change for the better so we can get back into profitability.
And as for hacking, abuse, or carelessness, it could happen again but as long as we can be careful in what we decide, we can reduce all those bad incidents.
And I hope we can all survive through next year if conditions haven't changed for the better while we are still waiting for the market to experience a reversal.

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December 28, 2022, 06:37:53 AM
 #9

As we head towards the new year, 2022 has been a rough year for Bitcoiners with so many ups and downs in the blockchain space. Lots happened which also affected the general Crypto market as well.  Hacks, misappropriation, carelessness and recklessness with investors funds and assets which no one could comprehend. CEX rascality caused a whole lot of issues which resulted to some popular slogans such as " not your keys, not your coin" what will you say with regards to your journey and experience in 2022. Do you think there could be  a shock come 2023 in the bitcoin price and the general Crypto market at large. This shock could be positive or otherwise. Say your opinion on your expectations for bitcoin come 2023.
My experience is saving Bitcoin in 2021 and selling everything when the price starts to drop drastically. I am not an investor. I only take advantage of market opportunities to trade, which at that time was very profitable market conditions.
For this year, I actually don't hold bitcoin at all because the price tends to be unstable and can't be calculated.
My hope is that in 2023 Bitcoin can start to rise and be able to start its heyday again. That way I believe that more and more adoption of Bitcoin can make it reach its highest ATH again whether it happens in 2024 or even 2025 and hopefully this will really happen.

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December 28, 2022, 07:21:09 AM
 #10

As we head towards the new year, 2022 has been a rough year for Bitcoiners with so many ups and downs in the blockchain space.
It is not a rough year at all, it is a year that some people that have not  invested will rethink and think more towards investing because some people might have already be thinking before that bitcoin price is too high already, but because the price decrease, they are encouraged to invest and more people will have bitcoin.

Do you think there could be  a shock come 2023 in the bitcoin price and the general Crypto market at large. This shock could be positive or otherwise. Say your opinion on your expectations for bitcoin come 2023.
All what I am expecting are positive news, I am expecting bitcoin price not to fall below $15500 again.

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December 28, 2022, 07:30:12 AM
 #11

Not much has happened in my crypto life this year because I've learned a lot about those shitcoins in previous years, but this year I'm just holding and keeping my emotions under control. I am looking forward to 2023 being a good year for all of us who own bitcoin, and I am hoping to sell my bitcoin if the price reaches an ATH again, as I need money for next year. Also, I'm hoping that there won't be another big news and incidents like the FTX one in the next year, and that it will be fruitful for us. 
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December 28, 2022, 07:53:26 AM
 #12

Many can compare 2022 and 2018 and many will say that it's the same. Well, if you will base on the price movement, they really are the same, but for me it isn't. In 2018, I'm still a newbie at that time that's why I considered 2018 as the "Year of Hell". Fast forward to 2022, it happened again but this time, I'm already ready if the worst thing comes and it came this year. I'm ready for it and instead of me panicking, I took the opportunity and accumulated slowly.

My experience this year has not been very happy but at the same time, not that sad. I might be a bit disappointed since I had an impermanent loss in my portfolio, but I'm happy that I bought cryptos and stock market for a cheaper price.

My expectations for 2023? For the market none but I expect, and I hope that the world will be better next year than this year. Crypto market will be moving in sideways. That's what I expect. I will continue accumulate still until next year as long as I have spare money.

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December 28, 2022, 09:12:37 AM
 #13

As we head towards the new year, 2022 has been a rough year for Bitcoiners with so many ups and downs in the blockchain space.
It is not a rough year at all, it is a year that some people that have not  invested will rethink and think more towards investing because some people might have already be thinking before that bitcoin price is too high already, but because the price decrease, they are encouraged to invest and more people will have bitcoin.

This is a typical story of me. Although I have learnt few things about crypto currency prior to this year I was skeptical in investing into bitcoin because of the price. I could recall it was 50k plus when I wanted investing into it but this year has given us who are a little late to bitcoin a second chance to get it below the 20k mark. The year has also proven that centralized institute ain't to be trusted and I picked positives from it.

I expect a bearish start to 2023 and anticipate its bull at the middle of the year but regardless I am holding hard this time. At least 2022 has thought me few lessons

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December 28, 2022, 09:31:33 AM
 #14

Quote
Your experience with bitcoin in 2022 and your expectations come 2023.

I am new to the system so I might not have enough to contribute yet but for the time being in the ecosystem of cryptocurrency a lot has happened in this ending crypto year. Workers were sacked by cryptocurrency exchange platforms base on the collapse of the companies. Many countries are showing interest in the adoption of cryptocurrency. Central African Republic Adopted bitcoin in this year. The happenings in the year were numerous.

In the forthcoming year of 2023 will be a great year of the cryptocurrency ecosystem space. The expectation concerning on bitcoin in the year 2023 is high.

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December 28, 2022, 09:42:55 AM
 #15

I'm hardly shocked by what happened this year because I lost nothing from the 2 crashes of Luna and FTX. Bear season this year is just like previous bear seasons, after bitcoin hits a new ATH, there will definitely be a long way ahead for the bears, so I'm also mentally prepared, and no surprises. If the collapse does not happen for Luna and FTX, then I believe there will be other collapses to replace them. In 2023, I still believe that the bear season will continue, and we will have the final bottom for bitcoin of this bear season.

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December 28, 2022, 09:49:49 AM
 #16

2022 has not been a bad year for me, I have not been exposed to the negative happenings
with exchanges because I only use exchanges for exchanging. I was a user of Blockfi,
I was lending some Bitcoin, Litecoin and Ethereum but when the interest rates reduced earlier
in the year I withdrew everything bar some dust.

2023 in the short to medium term I suspect will be a continuation of 2022, there could
be some movements to trap some bulls but the second half of the year will see some real
action as we approach the big event in 2024.

R


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December 28, 2022, 10:42:22 AM
 #17

As we head towards the new year, 2022 has been a rough year for Bitcoiners with so many ups and downs in the blockchain space. Lots happened which also affected the general Crypto market as well.  Hacks, misappropriation, carelessness and recklessness with investors funds and assets which no one could comprehend. CEX rascality caused a whole lot of issues which resulted to some popular slogans such as " not your keys, not your coin" what will you say with regards to your journey and experience in 2022. Do you think there could be  a shock come 2023 in the bitcoin price and the general Crypto market at large. This shock could be positive or otherwise. Say your opinion on your expectations for bitcoin come 2023.

It's really hard to see what the future holds, there could be another black swan even that will test the market again, there are predictions that final capitulation could happen, around $10k-$13k, but then again that is only prediction. The best thing to do is really expect the unexpected, lets say 2023 could be worst. At least you won't be disappointed or somewhat caught off guard. If we can invest and continue to accumulate then good, because that is the best weapon in this bear market. Continue to stack sat and wait for the eventual bull run in 2024/25.

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December 28, 2022, 12:45:28 PM
 #18

2022 was a tough year, a year where we had to survive the collapse of the bitcoin price for several reasons and some FUD which was intentional for bitcoin to fall. plus several major events such as the bankruptcy of FTX and FUD binance which made the crypto market even more chaotic. 2022 is just holding on and taking some advantage of the slight hike. and some of them buy gradually to prepare for the next bull market.

The hope for 2023 is of course the recovery of the crypto market, when 2022 will be a bearish market that will not end, 2023 will be the year for the crypto market to start recovering, don't expect much but it will be the long-awaited market recovery. Maybe the peak will be in 2024 when the 4th Halving will occur, and before the Halving the market will usually be bullish.
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December 28, 2022, 01:19:59 PM
 #19

I would not call it rough year just because we have lost too much value for the bitcoin. In fact a good trader would always seek such opportunity to buy at low. Believe me there are more than enough traders and investors who were waiting for such an opportunity to buy at lowest rates
possible. After 2017, there is another level craze between people tobuy at low because bitcoin
has shown astounding limits of value reaching all the way up 50K+ in short period. This year
was good to make more money by investing into bitcoin. Lets just hope bitcoin will either continue to have this resistance or it grows further

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December 28, 2022, 01:48:49 PM
 #20

All shocks will not affect the price in a way that causes panic among investors, except those:

  • USDT Tether depegged: just like what happen with Luna when 1 USDT not equal to one USD.
  • Binace collapse: just like what happened with FTX.
  • Global regulatory restrictions: such as Russia or China adopting Bitcoin as a legal tender, which will force all countries to unite and impose an international law to ban Bitcoin.

These shocks will cause chaos in prices and an insane collapse. Otherwise, current prices will not change much.

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