Quote from: erep on Today at 09:59:14 PM

Quote from: fullhdpixel on Today at 09:21:06 PM

I agree that its not good and its not going to be good for a long time as well. Its a hard prediction because 2023 is unlike any other year, it's not looking like coming off a recovery, it's not coming of a bull run, its looking like it accepted bear run and then stable afterwards. That is usually not that common, either we are in a bull run and going up, or we are in a bear run and go down, right now its not going down much, and its not going up, sure there are 5-10% moves but those are small for crypto and it looks like we are just stable which is usually very unlikely scenario for crypto since it is known to be super volatile, nothing small like we are seeing.

I'm not predicting a worst case scenario for 2023 even though we are currently at the worst end for 2022, I believe the second quarter of 2023 will recover the crypto price and hope it will stabilize above $20k but if another big FUD news comes it will be very vulnerable to hit the market lower below $14k after the last historical ATH was reached. Actually I can't believe BTC price is back below $20k but the impact of FTX and Luna is worst because both cases have destroyed investors' confidence in the exchange and market price.

There is a bold person that predicted Bitcoin will go up $250k six months from now. I read an article from cointelegraph a few days ago and this thread reminds me of the bold prediction of that person. Although it is baseless, he believe that Bitcoin will only need six months (about middle year next year) to be in $250k price.

I found it insane but of course I hope it will happen even my logic say it is impossible. If you wanted to read the article, you can find it here: https://cointelegraph.com/news/tim-draper-still-positive-on-250k-bitcoin-price-prediction-in-2023.

and this is the reason why he thinks BTC will surge in about six months :

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I think this fiasco is going to bring on a lot more Bitcoin maximalists. Note that your money is not secure in a centralized system, whether crypto or fiat.