Bitcoin to skyrocket in 2024

[stinkynuts]

No doubt this is true. Bitcoin's bull runs get much bigger every 4 years.

What's really interesting is that bitcoins bull run cycle coincided exactly with the stock market bull run, which was brought about by massive stimulus.

I think crypto is bullshit, but that doesn't mean you can't make money by timing it. I stronlgy against buying bitcoin as an investment. But as a gamble, I recommend to buy in early 2024, and cash out before the peak. and ONLY with spare money that you'd be comfortable if you lost al lof. For example 1-5% of your net worth.

 

[Valcazar]

That's not crazy.

It does seem when investors have a lot of money to slosh around, some get stupid and put it in Bitcoin.
There's also clearly a bunch of major crypto people dedicated to propping up the price to try and bring suckers in.
Given all the bad press, engineering a spike in the price (probably mostly by just buying back and forth from each other) is something I would expect.

Still - tough to time.

That said, going in with a disciplined "I am gonna pull the cord at X" kind of approach as a gamble doesn't seem crazy.

 

[stinkynuts]

I agree. I think there's good money to be made, but it does take a lot of good discipline and timing. Most people get too greedy and refuse to sell as the price is falling, thinking that they just lost money, even when they are still up massively.

 

[SchlongConery]

Crypto has no underlying value. It is worse than casino gambling. I would never put money into it as an investment. Not to be a Green Enviro guy but I think the whole scheme is truly dirty money.

 

[stinkynuts]

Crypto has no underlying value. It is worse than casino gambling. I would never put money into it as an investment. Not to be a Green Enviro guy but I think the whole scheme is truly dirty money.

It’s a total scam

 

[black booty lover]

What I think the most amazing thing about it is, how people just keep coming up with more currencies, and people keep falling for it.

 

[Neo44]

Crypto is a growth asset and like any other growth asset - it gets destroyed when fed fund rates are increasing, and do well when fed fund rates are dropping. So if you want to "time" when to get in crypto again, you need to pay attention to the fed's policies.

 

[glamphotographer]

Crypto is dead.

 

[SchlongConery]

Crypto is a growth asset and like any other growth asset - it gets destroyed when fed fund rates are increasing, and do well when fed fund rates are dropping. So if you want to "time" when to get in crypto again, you need to pay attention to the fed's policies.

Crypto? Asset? Lol!

 

[Jubee]

So what do people do with the coins after CBDCs are here?
Think the governments will let us use them?

 

[poker]

So what do people do with the coins after CBDCs are here?
Think the governments will let us use them?

The government lets us trade Pokémon cards amongst Pokémon card collectors…. That is what you can expect from Bitcoin and the rest.

 

[poker]

Here is my take on this topic.

There are more stupid people on this planet than truly smart ones. there are a fuck ton more “desperate to be wealthy” people on this planet than smarts ones.

So yes… The promise of easy money (paired with stimulus or a good economy) will allow Bitcoin to rise again. Therefore, you can make money off this scam.

However…. If you want to make bank off bitcoin, start building a trading platform with the computer wiz-kid that lives in your building. Make it a complete Ponzi scheme. Offer a Tech support number to some obscure Chinese company with no affiliation to your platform… and as you make bank in 2024…. You disappear in 2025 with all the money, leaving the Chinese company and wiz-kid holding the bag.

Follow me for more financial advice.

 

[stinkynuts]

Hear me out, guys.

Bitcoin goes through a halving cycle every four years. And every cycle is EXACTLY the same. One year before the halving, Bitcoin reaches the bottom, where we are. In one year Bitcoin will go through the halving process. During that one year, Bitcoin will slowly go up. Those who are knowledgable know this cycle, and will invest slowly before the halving cycle and after. Once the halving cycle starts, Bitcoin will go up even more rapidly, until exponentially. The whales and the institutions know this, and will manipulate the price. The media will make a huge deal of this on purpose, sucking in regular people to pump more money into this ponzi scheme. It's just like the media advertising a huge jackpot, and everyone starts buying lottery tickets. Once the jackpot reaches a new high, the dumping begins by the whales, and you're left holding the bag. Happens every ... single ... time. Bitcoin crashes, and goes through a recovery period, and the cycle begins anew. Every cycle, Bitcoin reaches a new high. There's absolultely no reason not to believe that Bitcoin won't reach a new high (over $80,000, but more likely $100-200,000).

https://bitcoinmagazine.com/.image/t_share/MTgwMjAzNjU5NjM4ODc1MjU4/image1.jpg

Here's the timeline:
Now to March 2024: Bitcoin will gradually recover to about $30,000
March 2024: next bitcoin halving. Nothing special happens for a while
Midl/Late 2025: Price will start to increase dramatically, then exponentially. People are flush with money, interest rates low again. Frenzy causes more money into Bitcoin. Bitcoin reaches above $100,000. Whales dump hard.

Thus, if you buy now, you will probably 5x your money in two years. If you don't want to buy bitcoin, just buy a bitcoin etf such as BTTC. The bitcoin you buy is backed by "physical" bitcoin, so it's like you're buying bitcoin. The etf is 100% bitcoin and corresponds almost 1:1 with bitcoin. There is a 1% mer fee.

The key is jump out early before the crash, maybe at staggered amounts but at a quick pace. For example, once it hits $80,000, cash out 25% for four straight days, or every other day. Bitcoin will probably be making rapid gains at that time.

Also, the 5x gains can be tax free! Invest in BTCC in your TFSA. No taxes.

https://cointelegraph.com/bitcoin-for-beginners/bitcoin-halving-how-does-the-halving-cycle-work-and-why-does-it-matter

What Price Will Bitcoin Reach This Time? | CoinMarketCap

CMC's research team does a deep dive into the heights Bitcoin's price can reach following the May halving — and what's in store for 2021.

coinmarketcap.com

 

[stinkynuts]

I would say it's much less risky to invest in bitcoin now then it was a few years ago. Much of the doubt about bitcoin (such as its dominance being it replaced by another coin, or regulators shutting it down) are not as likely. Also, it was quite doubtful that Bitcoin would reach in the tens of thousands of dollars, but it's already been proven that it can. Bitcoin reaching $100-200K is nothing crazy, it's almost probable.

And I want to give you the ultimate proof of why if you're going to invest in Bitcoin, NOW is the time to do it, while the price is low. Not after it's gone up. Remember, historically, this is the lowest Bitcoin gets in the cycle.

I notice that CNBC tends to give really bad advice. I am 100% sure that they are getting their orders from institutions and people with a lot of power and money. They want to manipulate the market, and it benefits them if regular people do the opposite of what they're supposed to do. That is: Buy high and sell low.

I have seen many articles on CNBC discouraging people to buy Bitcoin now, and instead invest in gold (LOL). This is not a joke. They are so transparent it's not even funny.

Chart analyst Katie Stockton says she remains skeptical of bitcoin's 2023 rally

Katie Stockton, founder of Fairlead Strategies, said Tuesday that bitcoin's rally in the new year doesn't look sustainable.

www.cnbc.com

Charts suggest investors should ignore ‘crypto cheerleaders’ and stick with gold, Jim Cramer says

Jim Cramer urged investors not to let bitcoin's recent gains tempt them into buying crypto.

www.cnbc.com

 

[stinkynuts]

So, here's what I would do:

If you are ok with the risk, invest an amount that you are willing to lose, but would be very happy to quintuple. For me, I am ok with risking $50,000 to make $250,000. It would change my life.

Invest now, through your TFSA, as you will not get taxed a cent. BTCC is one of the Canadian ETFs holding 100% physical bitcoin for each one you buy. It's also a hell of a lot easier and lots less risk than buying Bitcoin directly.

Hold and wait until 2025. When Bitcoin starts to skyrocket, don't get greedy! It may got to $200,000, but I'd start cashing in at the $80,000-$100,000 mark, at staggered intervals. If Bitcoin starts to go up, wait longer between intervals to see if you can make more. If it goes downs rapidly, cash in rapidly. If you wait too long, Bitcoin will drop dramtically and this will be for nothing.

Remember, I believe Bitcoin is stupid. BUT it's 100% a ponzi scheme, and the elite are taking advantage of this ponzi scheme, there shouldn't be any reason you shouldn't be. A WHOLE lot of money is going to be pumped into Bitcoin and crypto between now and 2025 which will inflate the price. Lots of people are still into crypto, and the next generation is just getting started. A pyramid scheme, that is LEGAL! Take advantage of this one in a lifetime opportunity!

The biggest mistake people make is investing in things that THEY think are good, quality companies. The real way to make money is to invest in what you think OTHER people wil invest heavily in.

Not financial advice, but just something to consider! Good luck, everyone!

 

[richaceg]

There's money to be made if you know when to get out....greedy fuckers are the ones who always ends up holding the bags...

 

[stinkynuts]

There's money to be made if you know when to get out....greedy fuckers are the ones who always ends up holding the bags...

Exactly. Just because Bitcoin is a scam doesn't mean that you have to be the one being scammed. Play the game right, reap the rewards. Pigs get slaughtered, so true!

 

[anonemouse]

I hear that Dutch tulip bulbs, Pet Rocks and Beanie Babies are making a comeback too.....any day now.....

I'm ready to sell my Disney VHS collection as soon as the price bounces back. Even the Special Editions!

 

[LiveInTorontoPartyInMontreal]

It will take lots of retail confidence to skyrocket BTC , most are wiped out already. Just give me your money, I can double or triple it on the SB game rather than wait 3 to 5 years for recovery and regulation.

 

[poker]

Why don’t you just dump some money into an S&P, or TSE index now? It will doubled in less than 4 years with the recovery, and much less risky or shady?