Post
Topic
Board Speculation
Re: Will Bitcoin Die or Pump Up in 2023?
by
Mahanton
on 05/01/2023, 22:52:13 UTC
Bitcoin is going to be main source of Payments, paper money will get disappear and there will be no more printing of papers 💰💰💰

As much as we wanted to be as the main source of payments, there are a lot of challenges that we have to face, like the volatility and not everyone are willing to accept it. Not sure what you mean by paper money disappearing though, central banks are not going to allow it.

For 2023, the prediction might still be the same, it could trade sideways for the whole year as we are still in the bear market.

So still we better prepared again, who knows, maybe there could be events like FTX that will make a huge impact on the price again and see another lowest for 2023 before eventually rising up next year. But with regards to Elon Musk, he has no influence on the bitcoin market.
I think it is wrong to say that Elon Musk has no influence on the bitcoin market. He just stopped mentioning cryptocurrency in his tweets for now. But for example, he can influence the market by the fact that his company Tesla will sell or buy bitcoins. Accordingly, it will affect the rise or fall in price. I also think that in 2023 we can expect bad things like another collapse of a big company, like FTX did, but in the second half of 2023 I hope for growth.
Not all the time on which we do have some bad history about manipulative act made out by Elon which it do really make the community or the entire market doesnt really make out some significant effect
for whatever things that would come out into his mouth.Even if he would be saying that he would be making investment on Bitcoin but it wont guarantee that it would really make the price rise.
Talking about Die or Pump thing is never been that known or something you could make out some conclusions because market is really that unpredictable.
2023 might be positive or still on bearish state.