Quote from: Sayeds56 on January 12, 2023, 03:01:28 PM

Quote from: Periodik on January 12, 2023, 01:54:11 PM

2022 surely is a bloody year for Bitcoin and probably all portfolios, but it is never a wise idea to sell during a dip. That could be a trading strategy but make sure you know very well your analysis and know exactly what price you will buy back. If you are clueless about it, you better be hodling strong and just wait for the bounce back. There will always be that time. If 2022 is bloody, 2018 was bloodier. I was there and I survived. There's no way I can't now.

Year 2022 is history now but it will be remembered as a very difficult year for crypto, as collapse of FTX and Luna triggered massive sell-off across the board & many investors suffered huge losses & some of them lost their life time savings. Additionally, the interest rate continued rising throughout the year due to high rate of inflation, which had also negative impact on all financial markets including crypto.

Hopefully, 2023 will be an improvement year over 2022, which is also evident from beginning of market recovery. Bitcoin is now trading above 18k which is a good news for crypto Investors & traders. Market analysts also expect a less harsh monetary policy in 2023 which is another positive factor.

This early I can guess the year 2023 is probably a better year than 2022. Every possibility is open but I remain hopeful that this year would see a better performance in the market. The signs are pointing that way at least. We are not guaranteed though.

The fall of Terra and FTX and others all happened in 2022. But it doesn't mean there are no more collapses this year. Gemini and Genesis as well as Binance, Crypto.com, Huobi, and others are probably dealing with some financial hardships. I hope the recovery of the market will continue so that all of them will also have better days.

Periodik

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