Steeles Royal

Bitcoin to skyrocket in 2024

rajput

Active member
Sep 19, 2023
122
83
28
Microstrategy (MSTR) is going to go on an insane run these next two weeks. I expect it to double in price to $800.

This is looking back at historical data from the last cycle, where it also did the same at this period, along with bitcoin.

Bitcoin is now at the point in the cycle where it makes its most impressive run before slowing down somwhat.


And Bitcoin's gains are magnified by MSTR by a factor of at least two.

In addition, Bitcoin goes through a 60 day cycle, and we are now approaching the peak phase of that 60-day cycle (middle of it): https://whaleportal.com/bitcoin-cycles/

Also, Bitcoin will definitely cross the 100k mark in the next two weeks, and the hype and media frenzy, along with retail fomo will drive Bitcoin and MSTR to rip.

If that wasn't enough, MSTR will be added to the Nasdaq on December 13. Typically, stocks see a bumpbefore and after the announcement.


Michael Saylor will continue to advertise MSTR in the media, and continue to announce new Bitcoin purchases, which will drive up the stock price each time. MSTR is now the most heavily traded stock, beating NVIDIA and Amazon. The frenzy and fomo is real.

The final piece is that MSTR is heavily shorted, and when the price increases, all of these factors will drive up the price, forcing the shorts to buy to to cover, and act like adding fuel to the fire, amplifying the surge in stock price. This exact scenario has played out a few times last cycle and this cycle.

As the stock price increases, the media hype and fomo drives the price up even more, and these feedback loop sends the stock parabolic.

This is the perfect storm, and exactly what I've been waiting for. All in.

If anyone is reading this, and want to join the Bitcoin bull run, this is your chance.
You keep trying to predict the most volatile asset class
 

stinkynuts

Super
Jan 4, 2005
7,905
2,368
113
Keep it up stinkynuts, I like reading your forecast.
Thank you, I appreciate the support. It means a lot to me.

Rajput, even your last post tells me you know very little about Bitcoin. Bitcoin is very volatile, but it's is insanely predictable. Volatility and predictability are not the same thing, you can have one with the other.

Bitcoin has repeated the exact same pattern now FOUR times in a row. Every cycle is almost a mirror copy of each other, to within a few days sometimes.

This is a once-in-a-lifetime opportunity to make life-changing money.

I have been in crypto for ten years now, and spent hundreds, if not thousands of hours, studying it. Watching videos, reading articles, studying charts, interacting with others on forums, and actually learning from my mistakes investing in crypto. I want to help others here make money.

From the very beginning, rajput has had not believed in the predictability of Bitcoin:


I don't know why he is buying Bitcoin via MSTR if he doesn't believe in being able to predict it. More importantly, why is he even in this thread, when all he does is mock my posts?

How much valuable information have you contributed to this thread, rajput? If you find my posts laughable, please don't read my posts anymore and leave the thread.

If you disagree with something, discuss it. Don't mock me by reacting with a laughing icon.

I stand by my prediction. Microstrategy is a ponzi scheme that can have a very bad outcome, I would never, ever recommend that anyone hold it long term. But if you don't take advantage of every opportunity, you will miss out.

Microstrategy will double at least within a few weeks.
 

rajput

Active member
Sep 19, 2023
122
83
28
However, in the end it is a ponzi scheme. People only want it because it makes them money. No one really uses it for transactions. That's why this is the perfect time to invest in Bitcoin. In the past, it was very risky and unproven. It wouldn't have been shocking to see Bitcoin fail and go to zero. It has withstood those shocks, and now has been validated and even embraced by politicans and investors. However, Bitcoin's returns diminish with each cycle. Perhaps this is because the risks are becoming less, and the law of greater rewards for greater risks applies. In additon, there is a good chance Bitcoin will fail long term, as the next generation of cryptos could eliminate the need for Bitcoin.
You think Bitcoin is a Ponzi scheme, so how can you know when it will crash?
 

stinkynuts

Super
Jan 4, 2005
7,905
2,368
113
You think Bitcoin is a Ponzi scheme, so how can you know when it will crash?
No one knows when bitcoin will crash.

MSTR is clearly a ponzi scheme and I have a bad feeling about it. Michael Saylor is shady as fuck.

Bitcoin’s four year cycle is likely a part of a larger 16 year cycle. Each of the previous cycles has been bullish overall, but the next one could be a bear cycle.

This is why this may be the last opportunity to make money in crypto. I willl probably not invest in Bitcoin after this cycle.
 

rajput

Active member
Sep 19, 2023
122
83
28
The notion of predictable cycles just doesn’t make sense to me. There would be no reason to invest in anything else.
 

stinkynuts

Super
Jan 4, 2005
7,905
2,368
113
The notion of predictable cycles just doesn’t make sense to me. There would be no reason to invest in anything else.
Exactly. That’s why I’m all in.

I’m just speechless that you STILL refuse to believe that bitcoin follows a predictable cycle, after showing dozens of videos that show that it does. What more evidence do you need?

Am I missing something? How can people be so stubborn? I’m done arguing with you.

People can make up their own minds.

 
Last edited:

sprite09

Well-known member
Aug 10, 2020
1,209
589
113
keep it simple, guys

BTC is obviously consolidating, and everyone who's sidelined is hoping for an enormous correction that WONT happen..

alts playing a bit of catch up....when BTC rips, eventually Ethereum will go on a tear and hit new highs, then alts will follow.

timeline wise i don't know, but again, when eth makes a new ATH , that is when you should start dollar-cost averaging OUT
 
Last edited:
  • Like
Reactions: stinkynuts

stinkynuts

Super
Jan 4, 2005
7,905
2,368
113
BTC is 100% consolidating for the next leg up. Next surge is going to take BTC to around 115,000 to 130,000


ETH, however, is behaving unusual this cycle. Large caps such as Cardano, Solana, Doge and Ripple are outperforming ETH.

Not sure if it will be the best indicator of peak this cycle. It might not even reach an ath this cycle, or if does, timing could be off. Still, I will keep an eye out for ETH reaching new ath. That would most likely signal the beginning of the end.

Timing was, three scenarios for peak:

1)Fall 2025 (likely)
2)Spring 2025 (possible)
3)December 2024 (unlikely but possible)

keep it simple, guys

BTC is obviously consolidating, and everyone who's sidelined is hoping for an enormous correction that WONT happen..

alts playing a bit of catch up....when BTC rips, eventually Ethereum will go on a tear and hit new highs, then alts will follow.

timeline wise i don't know, but again, when eth makes a new ATH , that is when you should start dollar-cost averaging OUT
 
Last edited:
  • Like
Reactions: flyhy

LiveInTorontoPartyInMontreal

Well-known member
Feb 23, 2008
2,538
958
113
I watched a technical YouTube on Litecoin LTC earlier and the T/A said this coin has bottomed out multiple times over the past few years. I think it's up over $ 25 today ! :D
 

stinkynuts

Super
Jan 4, 2005
7,905
2,368
113
In the highly unlikely scenario that Bitcoin doesn’t crack 100k in December, it would be a major red flag. I would definitely sell everything if that were to happen.
 

LiveInTorontoPartyInMontreal

Well-known member
Feb 23, 2008
2,538
958
113
Even before this recent runup, many T/A's calling for BTC to 1.5x to 2x at the most. Last cycle we had a truncated peak at under 70k, everyone calling for 250k to 500k and then a few Black Swan events and rates rising fears cut the BTC cycle short. Ten days ago BTC hit $ 99,650 area, could it be possible that is the peak for this run ? Hope not or we'll meet at the KIA showroom !
 
  • Like
Reactions: stinkynuts

rajput

Active member
Sep 19, 2023
122
83
28
In the highly unlikely scenario that Bitcoin doesn’t crack 100k in December, it would be a major red flag. I would definitely sell everything if that were to happen.
Why does it have to be in December? It could be in January. I don’t get the timeline predictions bro.
 
Toronto Escorts