Bitcoin What is the probability of 60 K+ again?

[suzanne5223]

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.

The year 2022 market was not the first time the cryptocurrency market suffer losses and the 2022 correction market you believe was a curse is actually replicating the 4cycle which was the fundamental foundation and concept of Bitcoin creation.
During the correction market, cryptocurrency trading was not meant for everyone except the well-experienced traders

If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

The chance of Bitcoin reaching and surpassing the $60K price is through the block halving effect.

[maydna]

You need to stick around now until things change because no one will ever know when the market will turn for the better. If you have given up and sold all your coins, you have lost, and there is no way to recover your losses. But if you still hold tight to all your coins, especially bitcoin, you still hope to make a profit because when the market starts to pick up again, you will see the potential profit coming back to you. So just keep holding on to your coins and be patient because you are not alone. Many of us are still experiencing losses, but we still believe and believe that this will all end.

[MoonOfLife]

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

All predictions or times when bitcoin will rise again is after the halving happens and then we could see bitcoin price rise again. We are currently 500 days away from it. Your job and ours now is to simply hold until then, do not sell any bitcoins. Many people have negative accounts like you, including me, but I'm sure bitcoins will rise again, and my losses will recover as long as I don't sell them.

[OgNasty]

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

It’s a four year cycle. Now is the time to buy. It literally couldn’t be any simpler. Does this mean people will buy this repeating pattern’s obvious bottom? No. Why? Simple. People want to believe that market events are tradable and that they have skills. The truth? It’s a four year cycle and traders are morons who want to feel smart. Buy now, sell in 2025 and you can pretend to be a trading genius later. Try trading every news event and you’ll go broke. It really is that simple.

[rhomelmabini]

I'd say maybe it will come to break that once again by 2024 or 2025, we may never know but past the halving that will certainly made to happen. I'm here waiting patiently and getting more Bitcoin and altcoins in the next bull market, long term is the key to all investments. Losing is not a bad thing to be honest, it makes you wise and knowledgeable in the process.

[taufik123]

-snip-
It’s a four year cycle and traders are morons who want to feel smart. Buy now, sell in 2025 and you can pretend to be a trading genius later. Try trading every news event and you’ll go broke. It really is that simple.

This four-year cycle is a cycle that is expected of those who know and understand what to do. Buy before the cycle occurs and hold on when the cycle will peak. Some professional traders make several show-offs to let them know that they have been successful in trading and are successful, but it does not rule out that they will go bankrupt in some of the bearish cycles that are happening right now.

As you said, we can pretend to be trading genius by buying now and selling in 2025, and we will emerge as professional traders with lots of profits.

Long-term is the best strategy as long as you don't have problems with the money used and psychology that is affected by the volatility that occurs.

[philipma1957]

What is the probability you grow some nuts and buy some now that it's low again?

hey op listen to this guy.

and here is some advice

be like JJG and DCA.

I am on my tenth week of DCA.

every Friday I buy x in usd of BTC.

pick your x and buy x 10 weeks in a row.

then decide if you will do it for another 10 weeks.

This is a huge work out to test your ability to display zero emotion trading for 10 weeks minimum.

Ideally you do this for the next fifty weeks.

x could be 50 usd worth that would be 2500
x could be 20 usd worth that would be 1000
x could be 100 usd worth that would be 5000

the amount should be what you can afford to lose not more.

if you cant do this it likely means you will always trade emotionally which = high risk.


good luck what ever you do.

btw I am hoping to do a 200 or 222 week dca.

so far I am on week 10.


Oh legal bs if you do what I say and lose money do not say it is my fault you followed my advice.

I do not force you to buy sell or hodl and my advice is essentially worth zero as it can be right or wrong or neutral.

[yhiaali3]

Personally, I expect 2023 to be better than 2022, but don't expect much. 2022 was the worst, and I expect prices to start to recover with the start of the new year.

I do not expect to see significant price growth until the end of this year, after which we can see important movements for Bitcoin and the market in general.

So the best thing is to invest for the long term and follow the DCA strategy because we may not see these good buying prices again.

[Outhue]

Almost everyone gave up in 2020 when Bitcoin went below 4000$, that's after the beginning of bear market of 2018 and 2019, I believe we haven't seen the end pain where everybody will be pissed and angry with crypto market behaviour, I believe that time is coming again so we should be prepared mentally and physically.

[pooya87]

Personally, I expect 2023 to be better than 2022, but don't expect much. 2022 was the worst, and I expect prices to start to recover with the start of the new year.

True. 2022 was both bad and weird. It started after a correction and the market was getting ready to go back up again above $50k and start setting new ATH that FUDs kept pouring in as Russia started invading Ukraine and destroyed Western economy that indirectly affected bitcoin price by causing the bigger crashes. And each time we were trying to recover from those crashes another FUD came out like FTX collapse where people panic sold their bitcoins!

[Ziskinberg]

If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

No one has an idea when the price of Bitcoin reach back to $60k but there is one thing I was sure of, it will recover someday.
However, it was not important when it comes or it never happens again because a real trader will find a way to make a profit despite the current situation. But in your situation, I'm not sure what you did in your trade. If you had lose with your trades, there is no way you can blame the market and the price dump but is was you couldn't adopt the situation. A good trader must be versatile in all market condition otherwise, you will not succeed.

[michellee]

Almost everyone gave up in 2020 when Bitcoin went below 4000$, that's after the beginning of bear market of 2018 and 2019, I believe we haven't seen the end pain where everybody will be pissed and angry with crypto market behaviour, I believe that time is coming again so we should be prepared mentally and physically.

If they really gave up right now and did nothing, they would only regret it when they saw the market price start to change and it would be too late to enter the market to buy any coins. Indeed, we had a bad experience before but that doesn't have to make us give up because we still have a chance to recover from our previous losses. And I see that 2023 can be a better year than 2022 because, at this time, bitcoin can still be stable and not fall any deeper. Well, we can only be alert while paying close attention to the direction of the market, which continues to move and hopefully, this month and the next, we can see good movements from the market.

[davis196]

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

Are you aware about the previous bear markets in the history of Bitcoin/crypto? It seems that you are a newbie trader.
Nobody knows the exact time when Bitcoin will start a major bull run, but I guess that it will be after the next BTC halving in 2024.
Are you a day trader? If yes, there's nothing you can do. If you are not a day trader, just don't panic and HODL your BTC for the next 2 years.
You shouldn't be dependent on your income from trading, because crypto trading is high risk. Get a job and earn a stable income, crypto trading should be your side hustle.

[Gozie51]

Those who are mainly dependent on trade are now on the verge of destitution.

Trading is not for everyone so people finding it difficult and becoming destitute should stop and try another business, hodling is more secured to trading.

Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.

Not cursed for every one. The year is not to favour everyone but those who are able to find what business that is important for the year. Discover what is the market relevance and invest into it don't invest in project that won't be productive in the year. So some people invested rightly last year while some had bad investment.

[Nrcewker]

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

To be honest mate, no one has really seen the future. So yes no one can say that when will Bitcoins cross or if Bitcoins will cross 60k usd. What we can do is just estimate or predict the price. Yes while estimating and calculating we use past graphs for which many times the predictions come as expected. Moreover Bitcoins are for long term investment. If you want to do daily trading, then it’s better go for other alts. Don’t say that for Bitcoins you are facing daily losses in trading. Hope this clears some of your doubts OP.

[Yatsan]

Well, high I guess but we're not certain of such thing's occurence. But it would more likely occur on 2024 because of the anticipated Bitcoin halving. If we would recall previous Bitcoin fork/halving, the market prices managed to climb in a continuous rate. So it might promote possibility that the ceiling could again be broke. The underlying factor would always be market demand; if the demand is low then it would be impossible for a price increase. Question is; what should be done to increase the demand? It could be adjustments or news related to this industry, most of the time, huge countries seeng through the potential of this technology. Again, regarding speculation of Bitcoin's price, if it is a long run then expect inconvenience with actions on your assets.

[Lucius]

Hei believe me dude I think most member of Bitcointalk forum at red portfolio right know unless they really can predict the future.

Not everyone is a trader, and not everyone has bought Bitcoin in the past 2 years so that he would now be in a panic or add up some losses. Bitcoin has existed much longer than 2017 or 2020, and I remember when I invested in it at a price of only $200, so the current price is more than good for me and for many old members. No one needs to predict the future to be successful in trading, they just need to follow a pattern that has always been repeated until now.

Anyone who sold only 1 BTC in the last bull run for only $50k could buy 3 BTC and calmly wait for the next bull run - you don't need to be a genius or a prophet for such a thing.

[_BlackStar]

True. 2022 was both bad and weird. It started after a correction and the market was getting ready to go back up again above $50k and start setting new ATH that FUDs kept pouring in as Russia started invading Ukraine and destroyed Western economy that indirectly affected bitcoin price by causing the bigger crashes. And each time we were trying to recover from those crashes another FUD came out like FTX collapse where people panic sold their bitcoins!

Even though during 2022 FUD seems to be the most decisive as the reason for the price reduction, nevertheless I believe in 2023 we can expect something better. It's true that no one knows what other FUD will happen over the course of 2023, but I really never expected it.

So far DCA is a great strategy for collecting bitcoin, I did it and people probably do too. We hope in the longer term and don't we have to be completely swayed by FUD which in turn only makes it harder for price recovery. One thing I'm working on, maintaining my will and ability to continue buying on dips ^{[as long as bitcoin is still between 60% - 75%].}

[Baofeng]

True. 2022 was both bad and weird. It started after a correction and the market was getting ready to go back up again above $50k and start setting new ATH that FUDs kept pouring in as Russia started invading Ukraine and destroyed Western economy that indirectly affected bitcoin price by causing the bigger crashes. And each time we were trying to recover from those crashes another FUD came out like FTX collapse where people panic sold their bitcoins!

Even though during 2022 FUD seems to be the most decisive as the reason for the price reduction, nevertheless I believe in 2023 we can expect something better. It's true that no one knows what other FUD will happen over the course of 2023, but I really never expected it.

Not sure if there is a massive FUD in 2022 that really put the price to where we are right now. There are geo-political affairs at the start of the year that tested us (the war between Russian and Ukraine), and the Terra Luna and the last but the most impactful event at the last month of the year which is the FTX collapse. So not FUD but back to back black swan events hitting us during the bear market.

So far DCA is a great strategy for collecting bitcoin, I did it and people probably do too. We hope in the longer term and don't we have to be completely swayed by FUD which in turn only makes it harder for price recovery. One thing I'm working on, maintaining my will and ability to continue buying on dips ^{[as long as bitcoin is still between 60% - 75%].}

I agree though, DCA is the best strategy to accumulate bitcoin in this kind of market situation. And look for the long term effect, I like @philipma1957 suggestion to test ourselves for a 10 week and then see how it goes for us.

[ilovealtcoins]

Almost everyone gave up in 2020 when Bitcoin went below 4000$, that's after the beginning of bear market of 2018 and 2019, I believe we haven't seen the end pain where everybody will be pissed and angry with crypto market behaviour, I believe that time is coming again so we should be prepared mentally and physically.

Are you saying we haven't bottomed yet, and bitcoin will fall even more this year? If so then I will be happy, I am also looking for a new bear market, and bitcoin drops below 10k. Only then will there be more people selling their bitcoins and that could not be a better chance for investors to stay.