2023 end game sentiment check

[letteredhub]

With the recent 35k surge that occurred days ago people's optimism towards the price of bitcoin is high and kicking with hopes for a favourable end of year 2023 for bitcoin price. And I am one of those optimists with all the issues rally round bitcoin ranging from the bitcoin spot ETF approval expectation, the halving and all of those dramas has influence bitcoin price in the positive direction in the past few months. So this remaining montha of the year won't be a bad one for bitcoin though I don't have specific figures but am optimistic it won't go below 35k by the end of the year.

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[OgNasty]

I answered that we will go sideways because I don’t think we’ll be making a run for the all time high until after the halving. However, I do believe we will continue to drift upwards as big banks continue to stack coins in preparation for their exchange traded funds. So by sideways I mean we’ll likely drift upwards to end the year around the $40K level.

[philipma1957]

I answered that we will go sideways because I don’t think we’ll be making a run for the all time high until after the halving. However, I do believe we will continue to drift upwards as big banks continue to stack coins in preparation for their exchange traded funds. So by sideways I mean we’ll likely drift upwards to end the year around the $40K level.

you are kind of in my ball park up a bit by dec 31. I think we get into the 45-48 spot this year.

[Baofeng]

I voted for : >UP to New all time high    (or near).

I think with this kind of bullish sentiments specially around the Bitcoin ETF, investors are very positive so I'm expecting that they are going to put a lot of money short term, or at least at the end of the year. So maybe we can see around $40k-$50k'ish as that could be the base price entering the block halving.

And even if we already know that the fake news really brought the price to $35k, it didn't deter the market and currently we are still in that price range, $34,126.51. So it could be that there will be another push in the next couple of months.
 

[Captain Corporate]

I feel like some sort of "we go up but not that much" option direly here. I mean I believe that 40k is possible, so I picked the sideway option because its not the ATH and it is more sideways in logic compared to that much increase, but it would be nice to have that option too. This is why many of these polls have ranges, like you could have done 20-30k range, 30-40k range, and 40k-50k range too etc etc until whatever higher amount you think, or just one that would be 50k+ range and just finish there. Obviously, this is just my opinion and doesn't represent anyone else, if you think that this was decent enough then yeah, 40k which could be considered sideways is my response to it.

[UmerIdrees]

We dont have a great deal of time left in 2023 but speed can pick up & BTC tends to run in these last few months.  Even main markets can sometimes spark into something around the December or winter months, maybe its because of holidays that movement is more notable to occur then over the summer where for centuries a noted drift has been fable.   My theory is the shorter days alter peoples habit and mood to trading even while BTC is global its altered by dollar monetary flows.

  Any answer you feel like is correct.  Im not asking for a precise prediction just mostly a thumbs up or down, its purely the idea that peoples feeling alter and sometimes market effects are ironic; its worth noting how bullish the crowd is.


7 day poll & you may alter your vote later.  If you can come up with a better poll option I'll add it on just for you 

For me, the current Bitcoin pump will continue till 36K before being cool off a bit, Though it will not dump much, but still i do not see this crossing the 36-37K in this year.

However, we can never be sure of the financial markets and hence we need to see both side probabilities and act accordingly. If we pump above 38-40K, then i am afraid we are in an early bull market which may end right after halving 1-2 months after. Since bull market peak and bear market peak come at a time when very few people are expecting it, so it is time to remain careful and vigilant.

[philipma1957]

We dont have a great deal of time left in 2023 but speed can pick up & BTC tends to run in these last few months.  Even main markets can sometimes spark into something around the December or winter months, maybe its because of holidays that movement is more notable to occur then over the summer where for centuries a noted drift has been fable.   My theory is the shorter days alter peoples habit and mood to trading even while BTC is global its altered by dollar monetary flows.

  Any answer you feel like is correct.  Im not asking for a precise prediction just mostly a thumbs up or down, its purely the idea that peoples feeling alter and sometimes market effects are ironic; its worth noting how bullish the crowd is.


7 day poll & you may alter your vote later.  If you can come up with a better poll option I'll add it on just for you 

For me, the current Bitcoin pump will continue till 36K before being cool off a bit, Though it will not dump much, but still i do not see this crossing the 36-37K in this year.

However, we can never be sure of the financial markets and hence we need to see both side probabilities and act accordingly. If we pump above 38-40K, then i am afraid we are in an early bull market which may end right after halving 1-2 months after. Since bull market peak and bear market peak come at a time when very few people are expecting it, so it is time to remain careful and vigilant.

I Think  that 36-37k is not likely as it would go past it to  low or mid 40's. 
But I do have sales set at 36.5 and 37.5 along with 39.5 and 40.5

[bbc.reporter]

If the report in this article is true, I speculate that we might witness bitcoin pump to $40k and it might go over this. However on pumping to a new all time high, I reckon this might come only after the halving.

In any case, much of you might consider this bad news but I will tell everyone for certain that this news is good news if you want more inflows of dollars to enter the cryptospace to pump your cryptocoins hehehehe.

There are stablecoin pumpmen who increase inflows for the cryptospace. I am quite certain that there people in the forum who do not like these pumpmen but they are there causing the pumps for you.


The pumpman that we do not deserve

The US is losing its regulatory oversight over the stablecoin market, Chainalysis says in a new 97-page research report published this week.

The blockchain forensics company found that the majority of stablecoin inflows have shifted from US licensed companies to non-US licensed ones since March.

As of June, 54.6% of stablecoin inflows to the 50 biggest crypto service providers went to non-US licensed exchanges.

“Though US entities originally helped legitimise and seed the stablecoin market, more crypto users are pursuing stablecoin-related activity with trading platforms and issuers headquartered abroad,” said the report.

“Unfortunately, this means the US government is increasingly losing its ability to conduct stablecoin oversight and US consumers are missing opportunities to engage with stablecoins with the safeguards provided by the US regulatory regime,” the report added.

Source https://www.dlnews.com/articles/snapshot/us-losing-oversight-over-stablecoin-market-says-chainalysis/

[michellee]

If you are a Bitcoin investor, you will choose Don't know or care because your target is long term. You are better off accumulating more Bitcoins than following its price movements.

There is a possibility that the price is still random and Bitcoin price movements are still sideways even though there will be an increase little by little. But it doesn't look like Bitcoin price can increase to $50k-$55k or even $60k.

That's a guess because we don't know what will happen at the end of 2023. But I don't think Bitcoin price will drop below $20k but it can still happen.

I'm still in a waiting position but I don't really observe Bitcoin price movements and just know what the price is now.

[Poker Player]

If you are a Bitcoin investor, you will choose Don't know or care because your target is long term. You are better off accumulating more Bitcoins than following its price movements.

Yes, I am of that opinion, but guessing games in the speculation section entertain us. I for one am torn between thinking it will go up a little more in price to between $40K and $50K at the end of the year and thinking it will stay as it is or even go down a little, as at least traditionally in the stock market the end of the year is usually low volume and making sales to offset losses for tax purposes. So I did not vote but that is what I think.

[Wexnident]

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Sideways. I don't think there's any news capable of pushing through towards anything big so far this year. We might even see it going back to below 25k or 20k even if sentiment drops down, but even if it doesn't (or it goes up), I highly doubt we'd go far with it. I wouldn't go past it breaking through 40k though, there's still like 2 months and we're up pretty well. I don't really mind whichever though, I'm holding till at least a year or two after the halving before having any mind to selling it. End goal is at least price of past halving or something close at minimum anyway.

[Nrcewker]

Let me make it easy. We have seen Bitcoins follows the history, and we have seen a pattern in it. We have seen Bitcoins reach a new ATH price in every 4 years. Now if we see the records, then 2024 is the 4th year. So everyone is expecting Bitcoins to reach new ATH price in 2024, hence by the end of 2023, we expect Bitcoins to cross atleast 50k usd or more. If this target is achieved then only we can see something big from Bitcoins in the coming year.

[pooya87]

I believe that there is a great potential for bitcoin to rise before the end of the year, maybe not to set a new ATH as your poll option suggests but surely more rises. Specially since two things are currently happening: first is the the interest rates can no longer be increased any more than this (they won't affect inflation any more) so the bond market won't suck the money out of other markets as much as before. And second is that in recent times we have seen an interest from investors to buy into markets like gold specially with energy prices being on the rise again. Of course the investors will always have one eye on bitcoin market also...

[goaldigger]

I'm very optimistic that it is the right time for the bull and I vote for it before the year end that we are getting closer to its peak again.
The market is getting better, though the only threat is the possible WW3 but the rest are doing fine and in favor to Bitcoin itself.
Let's be more positive and hope for the peace in the world because if there's another war, it's useless to have more Crypto if you can't enjoy it anymore.

[CageMabok]

I'm very optimistic that it is the right time for the bull and I vote for it before the year end that we are getting closer to its peak again.
The market is getting better, though the only threat is the possible WW3 but the rest are doing fine and in favor to Bitcoin itself.
Let's be more positive and hope for the peace in the world because if there's another war, it's useless to have more Crypto if you can't enjoy it anymore.

We all don't know when peace in this world will happen soon, as well as market conditions and the price of Bitcoin in the market which is also still difficult to know when it will increase again or just stay at the current price in the long term. Even though I am actually still quite optimistic that much better price movements are still very likely to come again to Bitcoin before this year ends, even though there is still one threat that could affect Bitcoin price conditions in the market as you said, I do not hesitate to continue to hope for price improvements in Bitcoin starting later this year.

[moneystery]

not too sure that btc will touch its new ath at the end of this year considering that we are still in a sideways condition that could last until before the halving. but it is quite certain that btc will touch 40k usd at the end of the year with quite random movements. i am quite confident that we can reach this point considering that in the last few months bitcoin has experienced a movement that could be said to be positive and this price increase could be even more positive if driven by positive news in the coming months.

[uneng]

The end of 2023 is looking pretty good for Bitcoin when compared to the beginning and middle of the year we have been having a pretty bearish scenario without much perspectives and positive news. I believe we could reach Christmas nad New Year holiday with Bitcoin performing well yet. Maybe reaching price range near 36,000$ or 38,000$ would be a good sign, with a new resistance level around 40,000$ for 2024 and stability (support level) around 37,000$. If it happens, all we have to do is to wait for the bull run which must happen in advance if the scenario looks bright and promising, still in 2024 and not 2025, as some have predicted already in a more pessimistic situation.

[Gozie51]

It is looking convincing that next halving will see the price of bitcoin reaching a new ATH from the current and usually that is how it happens. However, I'm still surprised that the price keeps going higher despite that during this time in the past, the price doesn't get high as it is selling now at $34k. I think the hodlers of bitcoin are part of the reason for the price steadily improving to this time. If the steady increase continue until the ending of this year to the beginning of next year, it means halving will hit the market at a time it is already bullish and that may be the first time it will happen.

[philipma1957]

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20x price lows in 2023  if we were to repeat BTC history would mean $331,000 by year end;  I really dont think so but Im not going to say never either.   I believe extremes will always be possible with BTC as supply is not expandable the contrast to dollar is wider then the grand canyon hence the price dynamics, pressure builds fast with demand.  Whats driving demand now I dont know.  Equally if someone wants to say 10k I would write it in, I'd like to know why also.

I was too tempted to hear that price, $331,000 and yes, that is a fantastic price to be true. I wouldn't say no either because something surprising could be possible. But the chances of getting that price at the end of the year are so low that many people are very hesitant to say so.

Everyone will be happy if we reach a new ATH by the end of this year, but it is difficult to expect it before the halving. The history say no new ATH is reached before halving, especially when it is only a few months away from the halving. About $50k is possible, but we'll see how this market grows with the latest developments in spot bitcoin ETF issues.

if it becomes 331,000 by dec 31 it would be nice  but I consider that next to impossible.

[michellee]

If you are a Bitcoin investor, you will choose Don't know or care because your target is long term. You are better off accumulating more Bitcoins than following its price movements.

Yes, I am of that opinion, but guessing games in the speculation section entertain us. I for one am torn between thinking it will go up a little more in price to between $40K and $50K at the end of the year and thinking it will stay as it is or even go down a little, as at least traditionally in the stock market the end of the year is usually low volume and making sales to offset losses for tax purposes. So I did not vote but that is what I think.

We can only hope that the price increases to $40k and $50k by the end of the year. Meanwhile, the price is still at $34k so we still have about 2 months left to see if that can actually happen or if we still have to wait some more.

And we are already at the end of this month so we still hope there will be another increase for Bitcoin. But if next month, the price can't reach $40k, we can't do anything and we can only wait. Maybe we hope there will be positive news for Bitcoin so that it can push the price to rise higher, at least to the $40k-$45k level next month. And then, in December, there will be a move to $50k.

Yes, you are right. The guesswork in this speculation section entertains us. We both don't know what will happen to Bitcoin. Meanwhile, the price is still moving wildly without anyone being able to predict it correctly. And that's the beauty of Bitcoin in all its mystery.