We all know that 2022 has not been friendly to the cryptocurrency market, Bitcoin, being the top ranked lost over 60 percent from its all time high value.
Many altcoins have also lost more than half the value they had in 2021, the several occurrences in the cryptocurrency industry caused several bloodbath we experienced in most parts of the year 2022.
But I am optimistic concerning 2023, I foresee a major breakout for Bitcoin and several other top altcoins, and some new altcoins that are really promising..
If we will look at the cycle, I guess many already anticipated that 2022 will be the same as 2018.
2022 had been an awful year for investors because many lost their money the whole year but on the other hand, there are some investors who took the opportunity and bought some coins especially Bitcoin. This might be a bad year for some but for me, it's a good one still even though my portfolio's total value went down a lot. I took the opportunity as well and bought some cheap Bitcoins and also invested into Stocks for long run.
OP is optimistic and it's good to see optimistic investors after what happened this year. As for me, it will not be the same as 2022 but I expect a sideways movement for the whole market including the crypto market. 2023 will be the recovery year until we enter the bull market. My preparations for next year? None but I'll continue to accumulate Bitcoins and other cheap altcoins until the bull market comes.