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[teosanru]

This was pretty much expected, seeing the price of bitcoin these days it makes a lot of sense to accumulate bitcoin for longer term. It's like bitcoin is available at more than 70% discount. This a really good buying opportunity and one should definitely grab it. Even return investors who are interested in buying or even averaging bitcoin this is the best opportunity for you.

[mendace]

Interestingly, this graph had already been shown on the Italian board a few days ago and we noticed that the older bitcoins are still in hold. And lately there have been large movements of bitcoins supposedly towards external addresses or rather to the detriment of exchanges, this suggests that perhaps for the first time we are beginning to understand how important it is to keep your savings safe.

[dothebeats]

The year 2022 has come to an end, it was an extremely bad time for short-term speculators and market tourists who were trying to make money on bitcoin in a short period of time. For many, this did not work out, because bitcoin almost always showed negative returns, and if we take quarterly reports, then for the first time in the history of bitcoin, all quarters turned out to be unprofitable.

It was pretty bad from the get go, and to think that the bulk of the reason why this downward trend is continuing is because of two events that are not really related to bitcoin: Luna (TERRA) and FTX. We were showing signs of stability and a possible push back to at least $20k in November, but all of it fell down because of the uncertainties brought forth by FTX's downfall. We were so close into seeing a stable $20k pricing, but SBF and Alameda Research really has to go bonkers and bring with them the whole cryptomarket.

But the gloomy market picture of the current year does not affect the accumulation of bitcoin by long-term holders. On the contrary, savings increased:



Long-term savings continue from mid-2021.

It is also worth noting that there is less and less real bitcoin on the exchanges, the constant withdrawal of bitcoin from the exchanges has led to the fact that 88% of all bitcoins are not currently on the exchanges. Apparently, people have finally begun to understand that digital gold should only be stored on wallets for which you have a private key. And the exchanges themselves are not credible now, each exchange can now be the next FTX. Keeping your valuable bitcoins there, to put it mildly, is not reasonable.

At least people now try to learn at the expense of others. A lot of hacks have happened in the past but people are still not that keen on taking their funds outside of exchanges. They literally waited for one of the biggest exchange to have this scandal before they learn and get their funds to the safety of their own devices/machines. That adage rings true after a lot of people lost their money in FTX due to SBF and Alameda's great money management skills: not your keys, not your bitcoin.

[drwhobox]

It is also worth noting that there is less and less real bitcoin on the exchanges, the constant withdrawal of bitcoin from the exchanges has led to the fact that 88% of all bitcoins are not currently on the exchanges. Apparently, people have finally begun to understand that digital gold should only be stored on wallets for which you have a private key. And the exchanges themselves are not credible now, each exchange can now be the next FTX. Keeping your valuable bitcoins there, to put it mildly, is not reasonable.

As you already mentioned in the post, this year is not for people who hold for short term and trade constantly. Pretty much everyone is in a holding situation this year. People now understand and learn how to hold their own assets in their wallets with a private, which also applies to me.

After so much drama with FTX no one wants to risk their bitcoin. A well written post on the last day of the year.

Happy new year!

[CryptoHeadlineNews]

The year 2022 has come to an end, it was an extremely bad time for short-term speculators and market tourists who were trying to make money on bitcoin in a short period of time.

Yes, I totally agree with this very statement of yours, because this year 2022 was equally also the best year to accumulate more Bitcoin for those who could when the price fell to below $16k and still currently fluatuating around the $16k resistance. So for me, Bitcoin remains the idea best option for long term investment at all times

[Die_empty]

This was pretty much expected, seeing the price of bitcoin these days it makes a lot of sense to accumulate bitcoin for longer term. It's like bitcoin is available at more than 70% discount. This a really good buying opportunity and one should definitely grab it. Even return investors who are interested in buying or even averaging bitcoin this is the best opportunity for you.

I see this information as good news that is worth celebrating. These exchanges have caused more harm than good. Before this time most unenlightened bitcoiners had their coins in exchanges but the fall of these firms created so much awareness of the indispensability of keeping your investment in wallets that you have its keys. Some people also learned the hard way because they lost their coins in FTX and others.
Most people in my area heard about bitcoin from exchanges but they now know that these firms are not dependable. Hopefully, in the nearest future, the collapse of theae exchanges would not affect the price of bitcoin because most of the coins will be in private wallets.

[Poker Player]

This was pretty much expected, seeing the price of bitcoin these days it makes a lot of sense to accumulate bitcoin for longer term. It's like bitcoin is available at more than 70% discount. This a really good buying opportunity and one should definitely grab it. Even return investors who are interested in buying or even averaging bitcoin this is the best opportunity for you.

I think so, although we have to keep in mind that this cycle has been a disappointment in terms of expected returns and that probably for future cycles we would do well to think that there will not be returns as spectacular as those of the first years.

That said, I think we are in a clear buying zone, as they say in the stock market, or for those of us who do DCA, to increase the amount to buy if your economy allows you to do so.

If we are clear that Bitcoin is the best digital gold, and an excellent payment system especially for transnational payments and in large quantities, we must also take into account that more than 90% of Bitcoins have already been mined, and that within 4 years we will reach the figure of 20 million. With all this, we must accumulate Bitcoin to the extent of our possibilities because it is an excellent and very scarce commodity.

[m2017]

This was pretty much expected, seeing the price of bitcoin these days it makes a lot of sense to accumulate bitcoin for longer term. It's like bitcoin is available at more than 70% discount. This a really good buying opportunity and one should definitely grab it. Even return investors who are interested in buying or even averaging bitcoin this is the best opportunity for you.

It seems to me that several factors influenced here: not only the decrease in the value of bitcoin, but also the fear of storing them on crypto exchanges, which once again showed their fragility.

Those who are interested in saving accumulate no matter what, no matter the downs or the ups, if their goal is long-term.

It will be interesting to know if this dynamic of accumulation bitcoin will continue next year if the price doesn't change much from the current one.

In general, useful research and charts to understand what is happening with the bitcoin market.

[Frankolala]

This year's dismay on the crypto market has made so many bitcoin investors to understand that it is only you that can keep your coin safe in your private wallet. They have come to realize that if it is necessary to use cryptocurrency,therefore, it is their responsibilities to keep it in their custody,in other for them to enjoy the benefits attached to bitcoin and can also hold for long,due to the incompetency of exchanges.

Satoshi purpose of creating bitcoin is gradually being achieved and in no time all the bitcoin investors will be keeping their coins themselves and will dump this exchanges as their wallets. The exchanges will not be able to do whatever they like with their customers funds,exchanges will only be needed when necessary. This is really a great improvement on bitcoin from the safety of scandals,as scammers and exchanges will find it difficult to steal peoples funds. Its is time to extend the period of your hodlings.

[landheer]

surely during a bear market like now people are starting to buy bitcoin in installments and save it for the long term. and I also continue to buy bitcoin when there is a decrease in price. So surely most people will too because everyone also wants to benefit later when the market is bull run. and now is a good time to hold and buy bitcoins.

[crunck]

It is also worth noting that there is less and less real bitcoin on the exchanges, the constant withdrawal of bitcoin from the exchanges has led to the fact that 88% of all bitcoins are not currently on the exchanges. Apparently, people have finally begun to understand that digital gold should only be stored on wallets for which you have a private key. And the exchanges themselves are not credible now, each exchange can now be the next FTX. Keeping your valuable bitcoins there, to put it mildly, is not reasonable.

As you already mentioned in the post, this year is not for people who hold for short term and trade constantly. Pretty much everyone is in a holding situation this year. People now understand and learn how to hold their own assets in their wallets with a private, which also applies to me.

After so much drama with FTX no one wants to risk their bitcoin. A well written post on the last day of the year.

Happy new year!

This is true, data shows bitcoin on exchanges is at a record low. But this will only be temporary when the bear season ends and the bull season comes. People will massively send money to centralized exchanges because there is nowhere to sell and trade bitcoins other than centralized exchanges. If people get scared and learn their lessons, people won't use CEX since the mt.gox crash because, in my opinion, Mtgox is much bigger than the FTX crash. We're in the bear season, and people are holding assets, so it's not uncommon for people to withdraw to non-custodial wallets for holding.

[Gallar]

In 2022 which has passed yesterday, it is actually the right time to invest for the long term, because you can say that last year bitcoin was at a fairly cheap price point, and it was good to start a long term investment.
in 2020-2021 the bitcoin price soared, so definitely 2022 it's a bear market, and that's a great time to invest for the longer term.

[yudi09]

The year 2022 has come to an end, it was an extremely bad time for short-term speculators and market tourists who were trying to make money on bitcoin in a short period of time. For many, this did not work out, because bitcoin almost always showed negative returns, and if we take quarterly reports, then for the first time in the history of bitcoin, all quarters turned out to be unprofitable.

New year new pattern.

Short-termism or hoping for short-term gains on Bitcoin is not a good way to go. Not to pass judgment, but it often fails or doesn't work.
Investing in Bitcoin is more convincing if done on a long-term basis and we think that is still very relevant given the constraints on the crypto market during 2022.

Starting 2023, Bitcoin is still at a good point to buy at $16.5K and that price can still be expected to be profitable by choosing to hold for the long term.
Here's hoping the new year brings something new.

[OcTradism]

Those who are accumulating bitcoin are smart. They have good time to buy bitcoins with cheap price that they won't see in 2024 and later. I did not have enough 1 bitcoin but I am accumulating too.

When Bitcoin was $60,000 months ago, I felt that my dream to own 1 bitcoin will never be completed. Now it is more realistic and touchable for me. I keep up my accumulation and stack up bitcoin.

I let the time, Bitcoin blockchain and the market do things to make me rich.

[nullama]

Those who are accumulating bitcoin are smart. They have good time to buy bitcoins with cheap price that they won't see in 2024 and later. I did not have enough 1 bitcoin but I am accumulating too.

When Bitcoin was $60,000 months ago, I felt that my dream to own 1 bitcoin will never be completed. Now it is more realistic and touchable for me. I keep up my accumulation and stack up bitcoin.

I let the time, Bitcoin blockchain and the market do things to make me rich.

Bitcoin will inevitably get more and more expensive over the years. It's just math. There are so many companies selling IOU Bitcoin that the price actually should be higher right now as well.

In any case, the Central Banks will be able to have up to 2% of their reserves in Bitcoin from 2025[1]

That's going to be a massive milestone

[1]: https://bitcoinmagazine.com/legal/bis-finalizes-bitcoin-bank-limits

[Jawhead999]

Those who are accumulating bitcoin are smart. They have good time to buy bitcoins with cheap price that they won't see in 2024 and later.

Are you own a crystal ball? how you can be very sure Bitcoin price wouldn't down to $20K or below? Bitcoin has high volatility and anything can happen if you're very careless about the risk. Although Bitcoin have repeat it own history for 2 times, but you must be prepare if Bitcoin didn't make any new ATH at 2025. Even Bitcoin make new ATH at 2025, I think there's a high chance Bitcoin would drop to $20K when bear market happen in the future.

[cryptoaddictchie]

When Bitcoin was $60,000 months ago, I felt that my dream to own 1 bitcoin will never be completed. Now it is more realistic and touchable for me. I keep up my accumulation and stack up bitcoin.

Felt the same. I really thought the rally would be one sided and me thinking that having more than 1 bitcoin is just a dream. But with the current market price, we could catch up to those who are holding multiple bitcoins as these cheap prices wouldnt be available again when the btc and crypto market goes wild in the coming years.

Yes it was a heck of a ride for this year,  but this will not slow down process of blockchain and especially the value of btc.

[ilovealtcoins]

Those who are accumulating bitcoin are smart. They have good time to buy bitcoins with cheap price that they won't see in 2024 and later.

Are you own a crystal ball? how you can be very sure Bitcoin price wouldn't down to $20K or below? Bitcoin has high volatility and anything can happen if you're very careless about the risk. Although Bitcoin have repeat it own history for 2 times, but you must be prepare if Bitcoin didn't make any new ATH at 2025. Even Bitcoin make new ATH at 2025, I think there's a high chance Bitcoin would drop to $20K when bear market happen in the future.

Yes, the future of bitcoin is never certain, even though history has repeated itself in the past, that does not mean bitcoin will continue to repeat itself in the future. Never declare or assert that bitcoin will increase in price in 2025 or it will last forever in the future, everything is just speculation, so invest with the possibility of loss.

[pooya87]

What we see on the price charts is the work of traders and sometimes like the past couple of months the work of market manipulators. It never represents the adoption, not directly anyways. The real adoption is constantly rising which is why the number of addresses holding a certain amount (usually small like 0.1) of bitcoin is increasing since every day new people decide to start buying, specially when they face inflation in their local fiat currency thanks to non-stop printing of it then they see the only currency that has a limited supply called bitcoin.

As for accumulation, it always happens in the dip by long term investors or I like to call it "smart money" that is entering the market at an excellent point regardless of what may happen in short term. We always see them buy the dip silently while everyone else is crying about price not going up.