2023 Bitcoin can take a position discussion.

[Popkon6]

Bitcoin's Position in 2022 year:




In 2022, the cryptocurrency market reached its lowest level due to the three coins Luna, Celcius, FTX.  And it still exists in this state.  2022 was not a good year for Bitcoin.



2023 year Starting January:

Last year 2022 Bitcoin's position or future was dire. The current price of Bitcoin is 16,532$ But on January 2, 2023, Bitcoin's position is slightly downward.  Because the Bitcoin market predicts the price of Bitcoin to hit $30k between April and May 2023.  If Bitcoin stands in this position then the price of Bitcoin will touch the highest level between September and October.

The Bitcoin market is at its peak and this is one of the biggest opportunities for us small investors.  If an investor can invest in this opportunity, he can grab millions of dollars by the end of the year.  Positions that currently hold bitcoins will no longer hold positions.  2018 to 2019 was in the current phase.  So we can never miss this great opportunity.  This is the biggest investment opportunity.

Assumptions I think the price of Bitcoin will reach its peak by the end of 2023.  Estimates can hit 100k dollars.  This is the biggest opportunity for us to invest.

What is your comment?

[1714054758]

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[1714054758]

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[1714054758]

1714054758

[Popkon6]

Reserve

[philipma1957]

Bitcoin's Position in 2022 year:




In 2022, the cryptocurrency market reached its lowest level due to the three coins Luna, Celcius, FTX.  And it still exists in this state.  2022 was not a good year for Bitcoin.



2023 year Starting January:

Last year 2022 Bitcoin's position or future was dire.  But on January 2, 2023, Bitcoin's position is slightly downward.  Because the Bitcoin market predicts the price of Bitcoin to hit $30k between April and May 2023.  If Bitcoin stands in this position then the price of Bitcoin will touch the highest level between September and October.

The Bitcoin market is at its peak and this is one of the biggest opportunities for us small investors.  If an investor can invest in this opportunity, he can grab millions of dollars by the end of the year.  Positions that currently hold bitcoins will no longer hold positions.  2018 to 2019 was in the current phase.  So we can never miss this great opportunity.  This is the biggest investment opportunity.

Assumptions I think the price of Bitcoin will reach its peak by the end of 2023.  Estimates can hit 100k dollars.  This is the biggest opportunity for us to invest.

What is your comment?

Why are we hitting 30k in May?

[Popkon6]

Bitcoin's Position in 2022 year:




2023 year Starting January:

Last year 2022 Bitcoin's position or future was dire.  But on January 2, 2023, Bitcoin's position is slightly downward.  Because the Bitcoin market predicts the price of Bitcoin to hit $30k between April and May 2023.  If Bitcoin stands in this position then the price of Bitcoin will touch the highest level between September and October.

The Bitcoin market is at its peak and this is one of the biggest opportunities for us small investors.  If an investor can invest in this opportunity, he can grab millions of dollars by the end of the year.  Positions that currently hold bitcoins will no longer hold positions.  2018 to 2019 was in the current phase.  So we can never miss this great opportunity.  This is the biggest investment opportunity.

Assumptions I think the price of Bitcoin will reach its peak by the end of 2023.  Estimates can hit 100k dollars.  This is the biggest opportunity for us to invest.

What is your comment?

Why are we hitting 30k in May?

Wrong There was a type..

estimate  If 30K dollars, Bitcoin's position will improve.

[posi]

Last year 2022 Bitcoin's position or future was dire. The current price of Bitcoin is 16,532$ But on January 2, 2023, Bitcoin's position is slightly downward.  Because the Bitcoin market predicts the price of Bitcoin to hit $30k between April and May 2023.  If Bitcoin stands in this position then the price of Bitcoin will touch the highest level between September and October.

The Bitcoin market is at its peak and this is one of the biggest opportunities for us small investors.  If an investor can invest in this opportunity, he can grab millions of dollars by the end of the year.  Positions that currently hold bitcoins will no longer hold positions.  2018 to 2019 was in the current phase.  So we can never miss this great opportunity.  This is the biggest investment opportunity.

Assumptions I think the price of Bitcoin will reach its peak by the end of 2023.  Estimates can hit 100k dollars.  This is the biggest opportunity for us to invest.

What is your comment?

There is no certainty that bitcoin will rise again by the end of the year, no one can draw that conclusion. But you are right, this is a good investment opportunity, those who do not own or want more bitcoin should take advantage of this moment because the opportunity will not come many times for us to choose freely.

And I want to tell you, bitcoin has the potential to be profitable, but it's not easy to make millions of dollars. Bitcoin is not a get-rich-quick tool.
How much do you need to invest in bitcoin to make millions?

[franky1]

looking OUTSIDE of the market candles.. there are other options to acquire bitcoin

the public CEX exchanges (the retail market)
there is also the OTC market(the wholesale market)
there is also the mining (the producers/farmers market)

by looking at the variance of mining efficiencies around the world
"industrial" grid electric prices go from $0.04/kwh to  
"residential" grid electric prices go upto $0.48kwh

this puts a window of
cheapest on planet(value) - no one wants to sell below
expensive on planet(premium) - no one wants to buy above

creating this window of possible price range the market will work within


now based on hashrate of current generation asics
EXA     low(value)      high(premium)
250    $15,509.84     $98,118.19
330    $20,473.00     $129,516.01
410    $25,436.15     $160,913.83
490    $30,399.30     $192,311.65
570    $35,362.45     $223,709.48
650    $40,325.60     $255,107.30
730    $45,288.76     $286,505.12
810    $50,251.91     $317,902.94

this means while hashrate is in the mid 200-300 the speculative market can speculate anywhere between $15k-$100k(rounded)

this means if the hashrate went upto 800exa. the price could still be at a low of $50k but could speculate as high as $310k(rounded)
yep at 810 exa on current mining asic efficiencies/recent models the bottom will become $50k

no one can predict where within this range the price will be of the range of the hashrate of the time. but we can see that the price is somewhere within that range.

in short 2021-2022 did not really go over the 260exa hashrate and so the (off market) measures had no reasons why anyone would dare buy bitcoin for $100k when everyone could have mined/acquired bitcoin for under $100k via other means

so right now i dont expect bitcoin to go upto $100k

everyone else making smaller number guesses are doing so for personal reasons. usually when someone buys coin they automatically decide a 2x exit price

so if this topic creator wants $30k this year its because he bought at about the $15k rate

so if this topic creator wants $100k this year its because he bought at about the $50k rate
(alot of people have a 2x multiplier of a 'within 1 year' timescale)

however these people throwing a number out into a comment he just wants to see if people agree to those amounts possibly happening in the creators time frame to ease his mind that exiting at his presumed 2x is achievable

well. unless the hashrate goes above 260exha and IF there is very HIGH speculation. it wont breach the $100k market barrier

as for $30k, its possible.. but within your march/april time scale.. well thats an unknown

[Upgrade00]

Last year 2022 Bitcoin's position or future was dire.

Neither Bitcoin's position not future was dire, it was just a market downturn which has happened multiple times in the history of Bitcoin, especially following a bull run.
If you listen to the 'bitcoin is dead' bandwagon, it's easy to think that it would be difficult to recover from the normal market situation.

Because the Bitcoin market predicts the price of Bitcoin to hit $30k between April and May 2023.  If Bitcoin stands in this position then the price of Bitcoin will touch the highest level between September and October.

The 'Bitcoin market' doesn't predict the price. It is simply the market where traders can buy and sell.
Anyone can give a prediction, as you just did, doesn't mean it would influence what happens in reality.

[Despairo]

After PlanB's prediction goes wrong since he predict Bitcoin will reach $100,000 in end of the year 2021, I don't believe anyone prediction anymore especially people who predict Bitcoin at exact price. I only believe about bear and bull season, the price is impossible to predict since it's similar like gambling prediction. 2023, Bitcoin would still continue the bear market like the last year, maybe it just have a slight recovery before the bull run happen on 2025.

[Don Pedro Dinero]

After PlanB's prediction goes wrong since he predict Bitcoin will reach $100,000 in end of the year 2021, I don't believe anyone prediction anymore especially people who predict Bitcoin at exact price. I only believe about bear and bull season, the price is impossible to predict since it's similar like gambling prediction. 2023, Bitcoin would still continue the bear market like the last year, maybe it just have a slight recovery before the bull run happen on 2025.

The other day I was watching an interview to PlanB and he says he is not wrong, LMAO  . He is still saying that the price will go up a lot.

Plan B HUGE Bitcoin Prediction 2023 - This Is When You BUY! Expect This In 2023

I hope he is right but I don't trust his predictions any more.

In the meantime, I will continue to accumulate, not because I expect a certain price this year, but because of what bitcoin is and because it spurchasing power will clearly increase in the long run.

[oaz7t]

How to put this in simple words? I think we should leave bitcoin on it's own. It is already getting hampered with the various events as mentioned by you in the graph preview. It's just bitcoin alone but the whole crypto space. Some projects literally had to shut themselves down because they lost more than enough money due to collapses which was supposed to be their trading volume and liquid money. I think it is safe to state that Bitcoin is still doing great and we should continue to HODL it no matter what. With the 2023 we will surely see some good hikes because one it is still strongest player in the market and two we are closing towards the halving.

[franky1]

plan B's zone of $100k-$1m is very wide thus even if it went to $101k he can say "see mom i was right" while the rest of the world only heard the second half of his statement that he thought $1m is possible

i doubt 2025 ATH will be $1m

usually
first ath to second $30-$1200 (40x)
second ath to third $1200-$20,000 (16x)
third ath to fourth $20,000-$70,000 (3.5x)

so id expect maybe a 2-3x just to be safe
so a expectation of $210,000 or less in 2025

which is 2.5 years to get to above a 500exahash rate to get that possible market value:premium zone

[GreatArkansas]

How to put this in simple words? I think we should leave bitcoin on it's own.
(.....)

This is how it must be, but the market is being the market. No one is an excuse. The best thing here that Bitcoin is still running, even how much percentage Bitcoin already lost from its peak, Bitcoin is still here even though there are a lot of centralized exchanges that are already shutting down. That's what I can see, it means people still trust Bitcoin.

[Dr.Bitcoin_Strange]

OP, when talking about bitcoin price movement and speculation, it is better on the economics >> Speculation, Child Board  

You can move your topic there 👆.

[boyptc]

Assumptions I think the price of Bitcoin will reach its peak by the end of 2023.  Estimates can hit 100k dollars.  This is the biggest opportunity for us to invest.

Just as what we've assumed last 2021, it was $100k. But I don't want to bust the nuts of most that expecting $100k.

It's better to just let it if it hits it but don't expect an exact time when it will happen. Because we don't know when exactly it'll happen, who knows if the cycle this time is different and if there will be more demand pre-halving.

Because what we know is that, most of the increase for bitcoin's demand happens every after the halving and that's by next year, 2024.

[Odusko]

The Bitcoin market is at its peak and this is one of the biggest opportunities for us small investors.  If an investor can invest in this opportunity,
What is your comment?

Whenever Bitcoin give a price discount just like what the price is at the moment it gives opportunities not only to small investors as you mentioned but also to big bag holders who also take advantage of such opportunity to fill their bags.
Recent events have forced Bitcoin price to remain at a declining state for a while but the break-out stage may come as the year progresses and investors and traders start having a positive reaction to the market because what effected Bitcoin price was external factors arising from bad news and events in other cryptocurrency projects.

[justdimin]

How to put this in simple words? I think we should leave bitcoin on it's own.
(.....)

This is how it must be, but the market is being the market. No one is an excuse. The best thing here that Bitcoin is still running, even how much percentage Bitcoin already lost from its peak, Bitcoin is still here even though there are a lot of centralized exchanges that are already shutting down. That's what I can see, it means people still trust Bitcoin.

The "discussions" are the reason why we are not entirely sure what's going to happen. If we would just buy and hold and leave, then when we come back we could find it doing great as well but because we do not want to and we end up with making some mistakes along the way because we keep staying on top of it, that causes a lot of trouble.

I believe that the best thing to do right now would be staying away discussing bitcoin prices, it is not going to impact the price just because we talked about it so what's the point on investing AND talking about it. Just get some, then go watch some movies, eventually it will get better one day and then you can sell.

[philipma1957]

looking OUTSIDE of the market candles.. there are other options to acquire bitcoin

the public CEX exchanges (the retail market)
there is also the OTC market(the wholesale market)
there is also the mining (the producers/farmers market)

by looking at the variance of mining efficiencies around the world
"industrial" grid electric prices go from $0.04/kwh to  
"residential" grid electric prices go upto $0.48kwh

this puts a window of
cheapest on planet(value) - no one wants to sell below
expensive on planet(premium) - no one wants to buy above

creating this window of possible price range the market will work within


now based on hashrate of current generation asics
EXA     low(value)      high(premium)
250    $15,509.84     $98,118.19
330    $20,473.00     $129,516.01
410    $25,436.15     $160,913.83
490    $30,399.30     $192,311.65
570    $35,362.45     $223,709.48
650    $40,325.60     $255,107.30
730    $45,288.76     $286,505.12
810    $50,251.91     $317,902.94

this means while hashrate is in the mid 200-300 the speculative market can speculate anywhere between $15k-$100k(rounded)

this means if the hashrate went upto 800exa. the price could still be at a low of $50k but could speculate as high as $310k(rounded)
yep at 810 exa on current mining asic efficiencies/recent models the bottom will become $50k

no one can predict where within this range the price will be of the range of the hashrate of the time. but we can see that the price is somewhere within that range.

in short 2021-2022 did not really go over the 260exa hashrate and so the (off market) measures had no reasons why anyone would dare buy bitcoin for $100k when everyone could have mined/acquired bitcoin for under $100k via other means

so right now i dont expect bitcoin to go upto $100k

everyone else making smaller number guesses are doing so for personal reasons. usually when someone buys coin they automatically decide a 2x exit price

so if this topic creator wants $30k this year its because he bought at about the $15k rate

so if this topic creator wants $100k this year its because he bought at about the $50k rate
(alot of people have a 2x multiplier of a 'within 1 year' timescale)

however these people throwing a number out into a comment he just wants to see if people agree to those amounts possibly happening in the creators time frame to ease his mind that exiting at his presumed 2x is achievable

well. unless the hashrate goes above 260exha and IF there is very HIGH speculation. it wont breach the $100k market barrier

as for $30k, its possible.. but within your march/april time scale.. well thats an unknown

This is pretty good. Should get a lot of merits.

[RealMalatesta]

Whenever Bitcoin give a price discount just like what the price is at the moment it gives opportunities not only to small investors as you mentioned but also to big bag holders who also take advantage of such opportunity to fill their bags.
Recent events have forced Bitcoin price to remain at a declining state for a while but the break-out stage may come as the year progresses and investors and traders start having a positive reaction to the market because what effected Bitcoin price was external factors arising from bad news and events in other cryptocurrency projects.

That "discount" is something people fear because they see themselves as the product owner whose product is not discounted, not as the buyer whose item they want to buy got discounted. If you switch the side then you would be happy about it, but they somehow can't switch the sides.

I also own bitcoin and I do not consider the price drop as something bad for me, even though my portfolio has been down a lot recently, I still see this as a good thing and yet they do not, which is not terrible and I understand that, but that doesn't mean that we should be focusing on anything terrible neither, I am fine with it and I do not see it as a problem at all.

[doomloop]

Whenever Bitcoin give a price discount just like what the price is at the moment it gives opportunities not only to small investors as you mentioned but also to big bag holders who also take advantage of such opportunity to fill their bags.
Recent events have forced Bitcoin price to remain at a declining state for a while but the break-out stage may come as the year progresses and investors and traders start having a positive reaction to the market because what effected Bitcoin price was external factors arising from bad news and events in other cryptocurrency projects.

That "discount" is something people fear because they see themselves as the product owner whose product is not discounted, not as the buyer whose item they want to buy got discounted. If you switch the side then you would be happy about it, but they somehow can't switch the sides.

I also own bitcoin and I do not consider the price drop as something bad for me, even though my portfolio has been down a lot recently, I still see this as a good thing and yet they do not, which is not terrible and I understand that, but that doesn't mean that we should be focusing on anything terrible neither, I am fine with it and I do not see it as a problem at all.

Discounts were supposed to be a good thing because that simply means you will be getting the item for a cheap price, so why will they fear it? If there are in fear right now then they can be the hodlers who are inexperienced. This bear right here, can be their first long time bear so they are worried and thinks that the market won't recover anymore. I hope they can still be able to control their selves as this bear shouldn't take too long anymore.

I know that the bull run is just around the corner. That is right, we shouldn't be focusing on something that is terrible because that is not beneficial to us but if there is something that we should focus on, then that is to buy more coins and continue hodling because we know that we will be rich from this one day.

[philipma1957]

Whenever Bitcoin give a price discount just like what the price is at the moment it gives opportunities not only to small investors as you mentioned but also to big bag holders who also take advantage of such opportunity to fill their bags.
Recent events have forced Bitcoin price to remain at a declining state for a while but the break-out stage may come as the year progresses and investors and traders start having a positive reaction to the market because what effected Bitcoin price was external factors arising from bad news and events in other cryptocurrency projects.

That "discount" is something people fear because they see themselves as the product owner whose product is not discounted, not as the buyer whose item they want to buy got discounted. If you switch the side then you would be happy about it, but they somehow can't switch the sides.

I also own bitcoin and I do not consider the price drop as something bad for me, even though my portfolio has been down a lot recently, I still see this as a good thing and yet they do not, which is not terrible and I understand that, but that doesn't mean that we should be focusing on anything terrible neither, I am fine with it and I do not see it as a problem at all.

Discounts were supposed to be a good thing because that simply means you will be getting the item for a cheap price, so why will they fear it? If there are in fear right now then they can be the hodlers who are inexperienced. This bear right here, can be their first long time bear so they are worried and thinks that the market won't recover anymore. I hope they can still be able to control their selves as this bear shouldn't take too long anymore.

I know that the bull run is just around the corner. That is right, we shouldn't be focusing on something that is terrible because that is not beneficial to us but if there is something that we should focus on, then that is to buy more coins and continue hodling because we know that we will be rich from this one day.

Gold went sideways from 1992 to 2003.

about 400 in 1992 and 400 in 2003 never going over 450 in that time frame or under 200.

so who is to say that we simply stay in a 14k-30k slot for next five years?

I suspect all of 2023 we are in 12k to 25k slot. Prep for that.
be like JJG and just dca.

say x dollars a week. for all of 2023

with preset dip buys at 15.5k and 14.9k of 4x