Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
At this stage, though, mstu (2X leveraged mstr) might be something to consider. Leverage on top of leverage. Risky, but I’m going to open a small position in it until March.
Actually, maybe not. I could see MSTR dropping 30-50% on a real bad day, even in this most bullish zone, in which case you lose everything. Way too risky, even for me. Microstrategy is way overpriced and its valuation makes absolutely no sense, even with all the benefits that come with their strategy to use leverage to buy more bitcoin . You’re paying 5 times the price for each bitcoin that they own. A bubble that will eventually pop.
Saylor has a very shady past, and I don’t trust him one bit. From tax fraud, to selling his bitcoin while telling others to never sell, to using hard drugs, this guy is definitely sketchy.
Any scandal regarding Saylor or his company could send the stock into freefall. I have a big position in mstr, but am dying to close it asap before the shit hits the fan.
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98400 reached,, with no signs of volatility as we reach the 100k milestone. 100k is now a day or so away.
I threw a few hundred in mstr just to se how far the Ponzi can go. Don’t care what happens to it
Hold until fall 2025. If you decide to sell, take profits and sell a portion, not the whole thing. Nothing worse than seeing your investment skyrocket after you sell it.
Happened to me with Nvidia. Bought 100k at the very bottom. It shot up and I listened to some stupid analyst that said it was overpriced. I sold before earnings, and the stock surged right after. Then chatgpt was released and the AI frenzy happened, and Nvidia has gone parabolic since then.
Yes, but btcx.b is better as it has a lower mer (0.76%) vs (1.43%)
I hold btcx.b in both my rrsp and tfsa. Hold for a year, expect great tax free returns.
At this stage, ethereum may have much more room to grow, so I recommend 30% in a ethereum etf such as
ETHX.B
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I'm in ETH from Day 1, I won't follow the signal, I will follow your signal for sure !
ETH and SOL playing catch up today, gotta love those tall green candles, not FOMO type candles where the bid/ask drops right away , real green candles. And this is just the start, imagine after Xmas. This is going to be a great Xmas if the Grinch doesn't ruin the party ! LOL !
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-30% from peak today. It will recover nicely. The leveraged positions have been flushed out for the next leg higher after bitcoin tops 100k. This was no accident, market manipulation.
Similar thing happened to Tesla, over many days. Finally I couldn’t take the pain anymore and panic sold all my shares.
And to think i was going to open a position in mstu this morning. Was on the verge of buying $50,000, $25,000 each for rrsp and tfsa
Don't know much about bitcoin, and don't invest in it. However, this you tube video that I subscribe to, has a good video on different bitcoin investments!!
