Reverie

Bitcoin to skyrocket in 2024

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sprite09

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stinkynuts said:
Just bought 1,000 dollars each of shibainu and doge, just for fun. Better than going to the casino and losing it on slots or blackjack. Could easily 10x.
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lol ..,well, longing Bitcoin right now would be stupid ...the reward to risk isn't there

alt coins are still relatively undervalued

eth should have a good run till the ETF decision in may (buy the rumour , sell the news ) and the alts should go along with the ride but with magnified returns
 
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stinkynuts

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I just bought $5,000 total Shib and Doge, and already 10% returns. What the stock market takes 1-2 years to do! And it's only gong to accelerate from here? Gotta love those alt coins during a bull run!

Shib up 15% today, up 50% in last week,
 
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stinkynuts

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58% and climbing! It was 65% earlier.

Shib is just following BTC's lead, and it looks like it could even 20-50X from here in one year at the peak.
 
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Meaning

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Be very careful with alts. Not only due to downward volatility but the underlying blockchain tech varys greatly. Solana is a perfect example where it's been compromised numerous times - if that happened to Shib it would be game over straight to 0.
 
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stinkynuts

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Meaning said:
Be very careful with alts. Not only due to downward volatility but the underlying blockchain tech varys greatly. Solana is a perfect example where it's been compromised numerous times - if that happened to Shib it would be game over straight to 0.
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Thanks for the heads up, will definitely be cautious.
 
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Valcazar

Valcazar

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stinkynuts said:
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.
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This is perfectly reasonable and quite rational.
I wish more people looked at it like this.
 
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stinkynuts

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So the question is: how many more cycles can we keep doing this? At some point it will stop being profitable or the risk/reward ratio won't be there anymore.
 
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stinkynuts

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sprite09 said:
no, take profit on the meme positions now!
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OK, I will.
www.tekedia.com

Master the Act of Taking Profits from Memecoins - Tekedia

In the world of cryptocurrency, there are many ways to make profits, but not all of them are equally sustainable. One of the most popular and risky strategies is to invest in memecoins, which are coins that have no intrinsic value or utility, but rely on hype and social media attention to drive...
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stinkynuts

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sprite09 said:
this will be the last one for me
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I think I will keep doing it, but with a smaller percent of my net worth each time. If all goes well this cycle, I can invest in stocks and do whatever I want for the rest of my life. No need to risk it on what's uncertain.
 
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stinkynuts

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Interesting note: before each halveing in all three previous cycles, there was a sizable correction. I will anticipate this and hold off putting more until we reach that point, if we do. If history is any indication, it should be coming up soon. Maybe we already went through it, but it was negated by heavy etf money flowing in.

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