Bitcoin to skyrocket in 2024

stinkynuts

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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.
 
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stinkynuts

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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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sprite09

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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.

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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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.
Thanks for the heads up, will definitely be cautious.
 
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Valcazar

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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.
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.
 

stinkynuts

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no, take profit on the meme positions now!
OK, I will.
 
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