Bitcoin to skyrocket in 2024

[sprite09]

There are no etfs in Asia now, but Hong Kong seems to be in the approval process, and all indications that it will follow the US and approve them very soon. If so, this could be huge. Massive amounts of money from China and Asia could send the price of bitcoin up. Interest rates are projected to be slashed in late 2024 and early 2025, and the halving, along with fomo, media and social media frenzy could send bitcoin to well over the $150,000 price target. If it's at $60,000 at this early of the stage, even before halving, I can see Bitcoin going well over $200,000.

Hong Kong Regulator Accepts First Application For A Spot Bitcoin ETF

A local financial firm is reportedly in the advanced stages of planning to launch funds in the first quarter of 2024.

www.forbes.com

Peter Brandt Raises Bitcoin Price Target to $200,000 for the Current Bull Market Cycle – Markets and Prices Bitcoin News

Peter Brandt explained that the target for "the current bull market cycle" for bitcoin has been raised from $120,000 to $200,000.

news.bitcoin.com

i think Korea is gonna approve, too ..although it's really the US that mattered

another catalyst will be a dovish fed

 

[stinkynuts]

i think Korea is gonna approve, too ..although it's really the US that mattered

another catalyst will be a dovish fed

Next month’s cpi is crucial, hopefully it falls off a cliff

 

[stinkynuts]

Bitcoin rising again due to neutral PCE report, no runaway inflation

 

[stinkynuts]

We're on cruise control from this point on. Every single dip or correction is immediately being bought up, just like the previous cycle. Of course, anything can happen. Never, ever be too cocky or complacent. Just hope for the best, and enjoy the ride!

 

[Meaning]

3 posts in a row. You can tell stinky is excited lol.

Best way to exit is DCA out - there's no way to time this & don't get greedy.

There will be a pull back at some point after the halvening. It's not a matter of if but when.

 

[stinkynuts]

3 posts in a row. You can tell stinky is excited lol.

Best way to exit is DCA out - there's no way to time this & don't get greedy.

There will be a pull back at some point after the halvening. It's not a matter of if but when.

lol, I am excited, there's a lot of money to be made.

I decided to DCA out instead of holding. I want to have cash and invest it during those four years (expected return of 50%), and then but near the bottom the next cycle. Who knows what will happen to Bitcoin? Anything could happen, and it would be beyond foolish to not take profits from this once in lifetime opportunity. If you invest in stocks, you can double your money every 7 years. With bitcoin, you have a chance to quadruple your investment in one year, something it would take 14 years to do with stocks.

I am now it for well over six figures, maxing out my TFSA.

I am now doing simulations and creating a schedule to maximize the earnings from cashing out. Seems best to DCA out 300-600 days after halving, based on the previous three cycles.


https://charts.bitbo.io/cycle-low-multiple/

 

[stinkynuts]

If Bitcoin were to follow the previos cycle, based on current data, the top would occur in early October 2025, and have a peak value of around 850,000.

https://charts.bitbo.io/cycle-repeat/

This seems crazy, but many people say that the peak from the last cycle was artificially blunted. With the tremendous influx of money from ETFs and more widespread buying and media frenzy, I can see it happening.

If this does happen, multiply whatever you have now invested, and multiply it by 13. That's what you'd make if you were to sell at the peak.

But if that chart is accurate, then in one year, Bitcoin will go from 60,000 to 700,000. If that does happen, I think I will be a bit more excited than I am now!

 

[Jubee]

3 years ago it was at the same price roughly wasn't it? I feel bad for the people that bought in that time, damn, hope they held until now at least.
April 1 2021 - 58K
Today - $61k

 

[stinkynuts]

3 years ago it was at the same price roughly wasn't it? I feel bad for the people that bought in that time, damn, hope they held until now at least.
April 1 2021 - 58K
Today - $61k

Retail always buys in at the very peak. A good way to know when Bitcoin has peaked is when EVERYONE is talking about it, and crypto apps are number one.

One year from now, it’s going be be absolutely insane. Social media along with conventional media will be hyping this up, it will be a global powerball.

 

[sprite09]

Or may be just cash out half when you have a profit of 100%. That way you get back your capital, and even if you lose the rest, you are in the same position next year, as this year. lol. And keep doing that, just invest the profits. lol.

it's ultimately up to the individual

in a bull run I'd argue that's probably not the best strategy since things rip hard ...you double your money, pull some out, next thing you know it's now 5xed

if you're playing with lots of money, I can see why you'd want to protect the capital , though

overall, in a bull run, enjoy the ride

 

[sprite09]

3 years ago it was at the same price roughly wasn't it? I feel bad for the people that bought in that time, damn, hope they held until now at least.
April 1 2021 - 58K
Today - $61k

well, If they kept dollar cost averaging they would be in profit by now

that's like the stock market ...if you just buy at market peaks, you're not going to do very well until you wait decades

 

[JohnnyWishbone]

3 years ago it was at the same price roughly wasn't it? I feel bad for the people that bought in that time, damn, hope they held until now at least.
April 1 2021 - 58K
Today - $61k

That was me! I just broke even recently!

 

[sprite09]

If Bitcoin were to follow the previos cycle, based on current data, the top would occur in early October 2025, and have a peak value of around 850,000.

https://charts.bitbo.io/cycle-repeat/

This seems crazy, but many people say that the peak from the last cycle was artificially blunted. With the tremendous influx of money from ETFs and more widespread buying and media frenzy, I can see it happening.

If this does happen, multiply whatever you have now invested, and multiply it by 13. That's what you'd make if you were to sell at the peak.

But if that chart is accurate, then in one year, Bitcoin will go from 60,000 to 700,000. If that does happen, I think I will be a bit more excited than I am now!

actually, heres something to go by in terms of timing , cause it does seem were ahead in this cycle than previous ones

btc hits new ATH, consolidates--> eth runs up hard (about a month) --> alts run up harder (alt season..couple of weeks) --> the market dumps

 

[sprite09]

Crypto is dead.

this aged well

 

[sprite09]

Since bitcoin has been clearly exposed as valueless and a ponzi scheme, where is the logic to think it will go up again? Kind of like thinking Bernie Madoff shares are about to make a comeback.

this aged well

 

[sprite09]

There will always be people that will be flogging Bitcoin as being just about to "take off" again. And there's a sucker born every minute.

this aged well

 

[sprite09]

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

this aged well

 

[sprite09]

Bullshit.....

this aged well

 

[stinkynuts]

The bitcoin cycle:

Four Phases of the Crypto Market Cycle

Make sense of the ups and downs of the crypto market and learn how to take advantage of each phase in the crypto market cycle.

crypto.com

 

[stinkynuts]

This aged well (when bitcoin was at its lowest point)

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