Bitcoin to skyrocket in 2024

[Robert Mugabe]

Well, it may go up. It may not go down.......but we both know it probably will. lol

Locked out of my coinberry account. Won't accept my password. Won't accept my new password. I am safe.
Actually, I have to admit. At least it is doing something. If you grab a bag of popcorn you can have fun watching it move. Unlike everything else in my portfolio. which is chirping crickets.

 

[Jubee]

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...

Get out to what? Fiat?
I thought the point was financial freedom?
This is the part that doesn't make sense.

 

[stinkynuts]

Get out to what? Fiat?
I thought the point was financial freedom?
This is the part that doesn't make sense.

If and when Bitcoin becomes mainstream currency, there will be no need to "get out", but as of now it's not, so converting to Fiat once you've made your millions will be the road to financial freedom. Holding onto Bitcoin long term, you could lose everything, as no one knows where it's headed.

 

[Jubee]

If and when Bitcoin becomes mainstream currency, there will be no need to "get out", but as of now it's not, so converting to Fiat once you've made your millions will be the road to financial freedom. Holding onto Bitcoin long term, you could lose everything, as no one knows where it's headed.

CBDCs are on their way.
No major stores, government bodies have adopted Bitcoin, isn't that a sign? If it hasn't been adopted by now.....
So the "if" part that you mentioned is a huge "IF".

 

[Gstep]

because on avg it earns less than 10 percent year

And thats bad?? Though I guess it sucks if your one of those desperate to get rich quick types

 

[Jubee]

Any currency (if you can call it that) that is not deemed to be stable will not be adopted by the business sector. Period.....

Crypto will simply have to grow up beyond the disaster that was FTX if it is ever to be taken seriously.....

Came across this in some reading last night.

Why the Winklevoss brothers are in a $900 million crypto faceoff with Barry Silbert

Digital Currency Group's Barry Silbert and Cameron Winklevoss have been engaged in a public war of words over the fate of $900 million.

www.cnbc.com

 

[sprite09]

And thats bad?? Though I guess it sucks if your one of those desperate to get rich quick types

you're not gonna rich off that

and getting rich off crypto typically takes a full cycle (4 yrs )

 

[sprite09]

Any currency (if you can call it that) that is not deemed to be stable will not be adopted by the business sector. Period.....

Crypto will simply have to grow up beyond the disaster that was FTX if it is ever to be taken seriously.....

it needs to be regulated and will be

 

[sprite09]

What's the point of it when it becomes regulated, then? We already use digital currency in the form of debit and credit cards....

So that there controls in place for the exchanges.

 

[sprite09]

Bullshit.....

lol, stay out of it, then. it's really that simple.

or, if you think it's gonna drop, short it via shorting coinbase, bitcoin mining stocks, etc. or use put options on those stocks.

in the end, all that matters is making money.

 

[newguy20]

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.

I've never held any crypto. I always thought it was bullshit as an investment.
You may be right about being able to make some money with a short term gamble on the cycle.
But remember that, at some point the cycles will likely come to an end and crypto will go the way of the pet rock, beanie babies and the dot com era.
This is as good a time as any for that to happen.

 

[poker]

it needs to be regulated and will be

Nobody is going to richon Crypto… lol. That shit sailed. Yes, it was once at $10/Bitcoin, and if you got in then with $10,000… you’re a mega millionaire.

That cycle however, has never repeated. Best you are going to do now is double your money, maybe triple if you get in and out at exactly the right times. And if you time it wrong, it’s risky. You almost have to know ahead of time when influencers like Musk are going tweet positively or negatively about it. (Because that is what value should be about, am I right!?)

 

[stinkynuts]

Nobody is going to richon Crypto… lol. That shit sailed. Yes, it was once at $10/Bitcoin, and if you got in then with $10,000… you’re a mega millionaire.

That cycle however, has never repeated. Best you are going to do now is double your money, maybe triple if you get in and out at exactly the right times. And if you time it wrong, it’s risky. You almost have to know ahead of time when influencers like Musk are going tweet positively or negatively about it. (Because that is what value should be about, am I right!?)

You're right, but I think it's more max 5-7x, as it will probably cross the 100K US threshold easily the next bull run. But that is with perfect timing. Realistically, probably 3x or 4x. But still worth the risk for some, as it would be better than most other investments.

 

[Malibuk]

Bitcoin is a greater fool pyramid and like playing a game of musical chairs.

 

[sprite09]

Nobody is going to richon Crypto… lol. That shit sailed. Yes, it was once at $10/Bitcoin, and if you got in then with $10,000… you’re a mega millionaire.

That cycle however, has never repeated. Best you are going to do now is double your money, maybe triple if you get in and out at exactly the right times. And if you time it wrong, it’s risky. You almost have to know ahead of time when influencers like Musk are going tweet positively or negatively about it. (Because that is what value should be about, am I right!?)

that's why you don't buy BTC ...but 3x to 4x is certainly doable as someone mentioned

it's not uncommon for alts to 10x or even 100x in bull runs (the YouTube Richard heart link I posted earlier explains why)

the timing doesn't need to be perfect ..DCA in, DCA out

 

[sprite09]

Bitcoin is a greater fool pyramid and like playing a game of musical chairs.

then short it via ETFs, coinbase, Bitcoin mining stocks etc.

otherwise , just stay out

if you want to spread FUD about it, twitter is the best place

 

[sprite09]

I've never held any crypto. I always thought it was bullshit as an investment.
You may be right about being able to make some money with a short term gamble on the cycle.
But remember that, at some point the cycles will likely come to an end and crypto will go the way of the pet rock, beanie babies and the dot com era.
This is as good a time as any for that to happen.

ya it's called the market cycle

 

[LiveInTorontoPartyInMontreal]

Bitcoin cycles happen roughly around every four years, and in November 2021 it reached approximately $ 69,000 USD. Just back in November 2022 we reached $ 16,300 USD which most players are going to call "bottom". Back in July/August 2022 Bitcoin had trouble crossing $ 24,500 - 25,000 area and that's we're approaching right now. If BTC can cross $ 25,000 consolidate and hold it, most believe we're on our way back up and a lot of players are accumulating or have been. Scanning all the BTC halving historical charts, I would bail out in late 2024 to mid 2025 and you should make some decent returns if you're a buy/hold type investor. Most retail don't have the stomach and timing to day trade successfully. I follow crypto in 3 categories, seniors : BTC and ETH. Alt coins like SOL and DOT. And shit coins, meme coins, the ones celebs hype, like DOGE and SHIB. Just look at their % gains since Nov 2022 till today and come to the conclusion yourself, have we bottomed or are we near a bottom ? Please revisit this post/thread 3+ years from now and see how close I am or how far I'm off. This preceding post is for entertainment purposes only, nobody has paid me for my services . . .

 

[Malibuk]

and getting rich off crypto typically takes a full cycle (4 yrs )

How many full 4 year cycles have you witnessed to make such an idiotic claim?

Bitcoin price - Bitcoin History – Price since 2009 to 2019, BTC Charts – BitcoinWiki

 

[Pleasure Hound]

Bitcoin cycles happen roughly around every four years, and in November 2021 it reached approximately $ 69,000 USD. Just back in November 2022 we reached $ 16,300 USD which most players are going to call "bottom". Back in July/August 2022 Bitcoin had trouble crossing $ 24,500 - 25,000 area and that's we're approaching right now. If BTC can cross $ 25,000 consolidate and hold it, most believe we're on our way back up and a lot of players are accumulating or have been. Scanning all the BTC halving historical charts, I would bail out in late 2024 to mid 2025 and you should make some decent returns if you're a buy/hold type investor. Most retail don't have the stomach and timing to day trade successfully. I follow crypto in 3 categories, seniors : BTC and ETH. Alt coins like SOL and DOT. And shit coins, meme coins, the ones celebs hype, like DOGE and SHIB. Just look at their % gains since Nov 2022 till today and come to the conclusion yourself, have we bottomed or are we near a bottom ? Please revisit this post/thread 3+ years from now and see how close I am or how far I'm off. This preceding post is for entertainment purposes only, nobody has paid me for my services . . .

Let's see. We have witnessed only 3 complete four-year cycles since 2009, when Bitcoin began. I'm sorry, but three data points does not a reliable trend make. Try again...