Bitcoin Asset performance Q1 2023

[Doan9269]

There's no doubt to the genuine fact that bitcoin has been on a good performance since the beginning of this year over other assets, not only that but bitcoin risk adjustment on return as an investment has been found to be the most adjustable digital asset all over the world, this came after ut was found again more profitably secured, this was a publication made by the Goldman Sach, which make this perfect identification on bitcoin because it has been found on an outstanding performances since the beginning of the year 2023 despite the bullrun is yet to begin, there's every possibility that this current dip will soon end base on positive indications from bitcoin performance as an asset since the beginning of this year as the 2023 Q1 research.


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[Don Pedro Dinero]

Well, it doesn't say anything new. Bitcoin is the best performing asset since its creation, not just this year. It is still very volatile, and when it goes down it goes down very fast, which scares a lot of people, but there is nothing more profitable today. I don't think it's going to be the best performing asset indefinitely, but I think it still has many years to go.

[BenCodie]

While I find the growth to be expected considering the large amount of time that Bitcoin has been well below the value that it should be and due to the recent unveiling that a banking crisis is truly beginning, I do find it suspicious for Goldman Sachs to make this statement at this point in time, and it makes me feel that a dump is coming...Or some kind of new Fed strategy we have never seen before that will hurt its adversary (Bitcoin) and hurt the bulls one more time before the true growth. Unless they are just posting the numbers and that it is all. Either way, it's a nice change from last year to see Bitcoin having this title so far for this year instead of being surrounded by crap like the Luna/Terra and FTX debacles in the previous year.

[aoluain]

Yes since January 1st to today its all positive but go if the markets hadnt moved as they
have done in the last few weeks this thread wouldnt exist.

Sorry OP, dont mean to be negative in your thread but of course Bitcoin is "THE" best
performer since its creation as per Don Pedro Dinero above. We can pick a moment
in Bitcoins journey and focus on it for better or worse but long term its only going in one direction.

[naira]

I found some pretty crazy stuff done by Balaji, who is the co-founder of the Board and former Chief Technology Officer of Coinbase. On March 18 yesterday he held a bet on Twitter with several people, namely he bet that within 90 days Bitcoin will reach $ 1 million. It sounds extreme, but reading all the explanations about hyperinflation knowing this will be met by increasing the value of the dollar makes me quite optimistic. But again he is betting that in 90 days if Bitcoin does not reach $1 Million then he will voluntarily give USD money to the winner.

Make a long enough thread on twitter and you can see people's response to the speculation. https://twitter.com/balajis/status/1636827051419389952

I will quote the terms of the bet: Terms of the bet:

ideally someone can set up a smart contract where BTC is worth >$1M in 90 days, then I win. If it's worth less than $1M in 90 days, then the counterparty gets the $1M in USD.

[soap94]

What's the reason behind recent BTC growth? Just wondering. I was tracing BTC results on my Tethys Exchange account and it has 4k+ growth in such short period of time. I mean, I don't mind the dip but is it a good indication we're again "to the moon" phase? Or I am over exaggerating again? Really interested to listen to your thoughts and ideas as well. 

[SeriouslyGiveaway]

What's the reason behind recent BTC growth? Just wondering.

After bad days, good days are coming.

Bitcoin is created each 10 minutes in average block time and after 210,000 blocks it will have one block reward halving. A next one will be in 2024 and now people are accumulating Bitcoin for next halving.

Sometimes at mid of accumulation, there is good pump.

[uneng]

Bitcoin performance in 2023 has been pretty positive. We came from 16,000$ to 28,000$ in 3 months. About 80% increasement in price. Now imagine how happy and satisfied is someone who invested during the dip at the currently moment. What kind of investment returns so much profit like that? Besides bitcoin, I don't think there are many others. And that is just the first quadrimester. I hope the positive trend continues and bitcoin hit 40,000$ at least by the end of this year.

[Godday]

I have exchanged my shares for crypto assets. Because at that time I saw that cryptocurrency was the best investment I had known. There may be many risks including fraud and fraud but I trade there and until now I think doing short term trading is more profitable even though I can never sell my crypto assets while they are hitting towards the moon. But I am satisfied with the returns that I have got. I'm sure 2023 BTC and altcoin will improve.

[NdaMk]

What's the reason behind recent BTC growth? Just wondering.

Many things. First after every bearish period then a little pump will come people might sometimes call it a bull trap before the actual bull run. But in this case I would say the recent happenings around banks like Silvergate, signature and Silicon Valley has prompted people to move away from banks to bitcoin and as the demand increases then we will have an increase in price

[Lucius]

I found some pretty crazy stuff done by Balaji, who is the co-founder of the Board and former Chief Technology Officer of Coinbase. On March 18 yesterday he held a bet on Twitter with several people, namely he bet that within 90 days Bitcoin will reach $ 1 million. It sounds extreme, but reading all the explanations about hyperinflation knowing this will be met by increasing the value of the dollar makes me quite optimistic. But again he is betting that in 90 days if Bitcoin does not reach $1 Million then he will voluntarily give USD money to the winner.

This one seems even braver than the old John McAfee, who once advertised himself with the same speculations, and we know how that ended. I'm not sure how this bet works, but does that mean whoever wants this bet needs to have $1 million? To me, it seems like some kind of game for the rich, and for them that amount is obviously insignificant enough to gamble away it in this way.

No matter how euphoric and fanatical you are when it comes to BTC, that price can be reached in 90 days only if some big central banks and rich investors start buying BTC en masse and cause mass madness and FOMO that we have never had the opportunity to experience.

[FahriZah]

Bitcoin BTC Assets  Performance In Q1 2023, We Are Know About Q1 Means First Quarters 3 Month Aand Total 12 Minth Devaid By Q4 I Mean Q1 That Means January-February-March This 3 Month Based Q1 Now Today Ongoing 20 March 2023 And Bitcoin Performing As Well Because Bitciin Now $28k+ At The Moments And More 10 Days Left To Ending Q1.

[kelonmusk]

I think it's important to note that despite the current dip, there are many positive indications that suggest this is only a temporary setback.

If you saw,  at 2023 Q1 research shows that Bitcoin has been performing exceptionally well since the beginning of this year, and it's likely that this trend will continue.

Then, If I take a look at the image link you provided, it's clear that Bitcoin's with no significant drops or crashes. This is a strong indicator that Bitcoin is a reliable investment option that can provide consistent returns in the long run.

Finally, I suggest that investors should seriously consider Bitcoin as a viable investment option, especially given its impressive performance this year.

[Fiatless]

I use to hear people say that bitcoin is not a good hedge against inflation and it seems reasonable because of its volatility. But with this recent dramatic increase in the price of bitcoin in a few months, I can argue with anyone that bitcoin is one of the best hedges against currency devaluation and inflation. It has shown over the years that even if it drops, there is hope that it will rise. The problem mostly is that the time of its rising and falling is unpredictable. I don't think I have encountered any asset or currency that has had such consistency and recovery rate.
I will be pleased if Balaji Srinivasan prediction comes to pass because I might benefit from it. But it looks like this analysis is overambitious.

[Adbitco]

I found some pretty crazy stuff done by Balaji, who is the co-founder of the Board and former Chief Technology Officer of Coinbase. On March 18 yesterday he held a bet on Twitter with several people, namely he bet that within 90 days Bitcoin will reach $ 1 million. It sounds extreme, but reading all the explanations about hyperinflation knowing this will be met by increasing the value of the dollar makes me quite optimistic. But again he is betting that in 90 days if Bitcoin does not reach $1 Million then he will voluntarily give USD money to the winner.

Make a long enough thread on twitter and you can see people's response to the speculation. https://twitter.com/balajis/status/1636827051419389952

I will quote the terms of the bet: Terms of the bet:

ideally someone can set up a smart contract where BTC is worth >$1M in 90 days, then I win. If it's worth less than $1M in 90 days, then the counterparty gets the $1M in USD.

I found a post like this at the speculation board and I was like, could this be real?
I wonder what would be in his mind of taking such risk or could it be he wanna makes some noise to be noticeable within the space?

Nevertheless, the Q1 of 2023 has just come to an end after this month and we have this solid base on bitcoin maintaining a strong bull sign this is to show this year we might see another best of it or do we say is it because the latest crisis happening with the banks whereby investors mind is already parted.

[rokok lokal]

Yes and It is absolutely true that Bitcoin has performed well since the start of the year and was found to have high risk-adjusted returns compared to other digital assets. Publications by Goldman Sachs support these claims and highlight the profitability and safety of Bitcoin as an investment.

Bitcoin's performance may be positive at the moment, it depends on various factors such as market demand, regulatory changes and adoption rates. Bitcoin's current decline in value may be coming to an end, but it is difficult to predict the asset's future with certainty.

[ethereumhunter]

After Q1 2023 ends, I wonder if the bitcoin price will immediately increase until it hits $ 50k or if it will continue to increase but slowly. One thing that is sure to happen is a correction in the form of a price decline after reaching the next highest price. And we have seen the price is in the $27k-$28k range, so I feel like yesterday was a correction time for bitcoin. And now the price has returned to $ 28k and it looks like it will continue its rally this week. So we'll see how bitcoin goes and we really hope to see it increase to $30k or even more.

[Jabari Wiza]

What's the reason behind recent BTC growth? Just wondering. I was tracing BTC results on my Tethys Exchange account and it has 4k+ growth in such short period of time. I mean, I don't mind the dip but is it a good indication we're again "to the moon" phase? Or I am over exaggerating again? Really interested to listen to your thoughts and ideas as well. 

However, recent growth does seem to indicate that the cryptocurrency is on an upward trajectory.

Of course, as with any investment, there are always risks involved, and it's important to do your own research and make informed decisions. Maybe, possible that we could see a dip in the near future, but overall, the long-term outlook for Bitcoin seems positive.

So, while we can't predict the future with certainty, it's certainly a good time to be optimistic about the potential for growth in the cryptocurrency market.

[bettercrypto]

We all know that among all cryptocurrencies bitcoin is still the leader and on top when it comes to long term investment in this online business industry.

      Many of us here have been waiting for this kind of performance that bitcoin is doing. And most of us bitcoin holders are also happy with this happening in the market. But it's too early for us to celebrate right away, it's still different to relax or just calm down until we're not in the bull run season, this kind of mindset is good rather than we expect so high then in the end it will break our expectation in which for us is too hurt.

[kelechi]

We are slowly entering bull market