Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
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!
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.
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/
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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.
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!
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!
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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
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.
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
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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
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
this aged wellAnd thats bad?? Though I guess it sucks if your one of those desperate to get rich quick types
The bitcoin cycle:
crypto.com
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
This aged well (when bitcoin was at its lowest point)
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
Bitcoin's price will skyrocket since the price is always determined by demand and supply. The supply of Bitcoin is drying up by design, after each halving. In addition, much of the Bitcoin is never on the market as many whales simply hold, as they know that there will always be a demand for Bitcoin and the price will continue to rise.
There will be a demand for Bitcoin for many reasons. One of the main reasons is because it goes up in value. So it's like a self-fulfilling prophecy. There will always be a demand for lottery tickets, or anything else that will make you money. It's all about making money.
However, no one is sure what Bitcoins future is. Like many ponzi schemes, it could all come crashing down at some point. It won't happen any time soon. But one day there may be a crypto that will replace Bitcoin. Even now there are so many cryptos that do things better than Bitcoin. Dogecoin, for example, is a better way to pay for things. It has lower transacton fees and faster procressing times. Monero is more anonymous and so can be used for transactions that you want to keep secret.
But for now, Bitcoin is valuable becuase it's been an appreciating asset over time, despite the crashes.
It's completely debatable and understandable to see Bitcoin as a scam, and in itself worthless, like Warren Buffet and other top investors do. I wouldn't disagree. But like I said before, just because it's a ponzi scheme or scam doesn't mean the cycle wont' repeat, and that you can't make money off of it.
Ultimately, Bitcoin could become the future currency and store of value for the world: a global currency, and an alternative to banks for storing and sending money. Or it could fail and be revealed as nothing but one big, sophisticated ponzi scheme.
There will be a demand for Bitcoin for many reasons. One of the main reasons is because it goes up in value. So it's like a self-fulfilling prophecy. There will always be a demand for lottery tickets, or anything else that will make you money. It's all about making money.
However, no one is sure what Bitcoins future is. Like many ponzi schemes, it could all come crashing down at some point. It won't happen any time soon. But one day there may be a crypto that will replace Bitcoin. Even now there are so many cryptos that do things better than Bitcoin. Dogecoin, for example, is a better way to pay for things. It has lower transacton fees and faster procressing times. Monero is more anonymous and so can be used for transactions that you want to keep secret.
But for now, Bitcoin is valuable becuase it's been an appreciating asset over time, despite the crashes.
It's completely debatable and understandable to see Bitcoin as a scam, and in itself worthless, like Warren Buffet and other top investors do. I wouldn't disagree. But like I said before, just because it's a ponzi scheme or scam doesn't mean the cycle wont' repeat, and that you can't make money off of it.
Ultimately, Bitcoin could become the future currency and store of value for the world: a global currency, and an alternative to banks for storing and sending money. Or it could fail and be revealed as nothing but one big, sophisticated ponzi scheme.
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