Bitcoin to skyrocket in 2024

[sprite09]

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.

it'll be interesting to see for sure as more regulations come in

there will always be degen plays ....i mean , the stock market has been around and regulated heavily forever and you still have thousands and thousands of pink sheet stocks and penny stocks where essentially it's still the wild west

 

[stinkynuts]

More about altcoins:

What is Crypto Altcoin Season 2024? -How to Spot it and Earn Big

Altcoins season is a popular trope in the cryptocurrency world. This article explains how to spot when investors begin channeling capital to lower-cap assets, as the crypto market rally builds momentum ahead of 2024.

www.fxempire.com

Altcoin Season Index: Is it Altseason right now?

This tool puts an end to the question "Is it Altcoin season right now?" - Based on data

www.blockchaincenter.net

The theory being that when people make profits on Bitcoin, they like to diversify and magnify their gains and funnel their money to alt coins. Right now the Shibarmy on reddit is going nuts. They have the most loyal and fervent fans, it's almost a cult. Let's hope they continue their frenzy. Cashed in 1,000 so far in the bank.

 

[Meaning]

I can't say for certain but likely 1 more cycle for me after this one. After the blow off top after the havening, there will be another large correction & retracement. Probably not as drastic as previous years due to now institutions being in for the long run, that being said if it comes back to 60-70 I'll definitely go all in again for one last go round.

 

[stinkynuts]

Every single ponzi scheme has come crashing down to zero, every single one. History has a tendency to repeat itself. No one knows what the future of Bitcoin will be. Greed has destroyed so many people who had it all. People I know with lots of money gambled their entire fortunes in casinos. They had it all, but they wanted more and more. With some people, it's never enough, and they self-destruct. This will be the easiest way I've ever made this amount of money. People normally have to slave away an entire lifetime for this. People have to wait one year in stocks for one day of returns in bull cycle. It cannot last forever. Be grateful for this opportunity, invest the money in an s&p index fund, and enjoy.

 

[stinkynuts]

Crypto a ponzi scheme?:

NFTS - no doubt a fucking scam.
Crypto: most cryptos are money-making scams.

Even the die-hard crypto fans have to admit there have been a lot of shady characters in crypto: QuadrigaCX (I lost everything in 2017), Mt. Gox, FTX and SBF, Binance scandal CZ, Terra luna where millions lost their life savings, the millions who listened to those stupid financial influencers such as Meet Kevin, and lost everything. The list goes on and on. No wonder only 8% of Americans have a favorable view of crypto: https://cointelegraph.com/news/just-8-of-americans-have-a-positive-view-of-crypto-cnbc-survey

No one knows what the future of crypto is. I certainly don't. It could end up evolving and becoming a trusted and reliable currency and store of value, used around the world.

I personally think Bitcoin is great for sending money across the world to friends, instead of cumbersome wire transfers from a bank. It's so much more convenient. As a currency, BTC is horrible, and I don't think it was ever intentioned to be so.

 

[stinkynuts]

Doge and Shib are fun because of the insane runs they have, but I think I'll start swapping them for legitimate alt coins such as Ripple and Cardano.

 

[sprite09]

Doge and Shib are fun because of the insane runs they have, but I think I'll start swapping them for legitimate alt coins such as Ripple and Cardano.

yes sell them ...trust me

xrp might be a good short term trade

doing a swing trade in icp right now

 

[stinkynuts]

Thanks, will sell them and will look into icp.

By the way, this is a must-see video.
It looks into the mathematics of Bitcoin's price, and forecasts the 2025 peak.

 

[stinkynuts]

According to the scientist, the peak will be in mid-2025 and reach 150-200,000, since the oscillations from the trend line will become smaller.

This is crucial, because if you're expecting a peak if 600-800,000, and wait until late 2025 it will be too late. Also, institutions know this, and will dump hard. It will be major rug pull. You will end up holding the bag. Be happy with a 2 or 3 X gain. Be greedy and end up holding the bag.

Earlier peak. Lower peak. Faster crash. Be very, very careful. This time will be different because of the massive amounts of money from ETFs, and people are wise to the pattern.

He said peak would be mid 2025, but looking at the graph it does seem to be late 2025.

 

[stinkynuts]

But, if early indications are that it's much more bullish, and we blow past $200,000 and then $300,000 early on, I think everything this guy says goes out the window.

 

[sprite09]

According to the scientist, the peak will be in mid-2025 and reach 150-200,000, since the oscillations from the trend line will become smaller.

This is crucial, because if you're expecting a peak if 600-800,000, and wait until late 2025 it will be too late. Also, institutions know this, and will dump hard. It will be major rug pull. You will end up holding the bag. Be happy with a 2 or 3 X gain. Be greedy and end up holding the bag.

Earlier peak. Lower peak. Faster crash. Be very, very careful. This time will be different because of the massive amounts of money from ETFs, and people are wise to the pattern.

ignore the price predictions ..but if you enjoy those videos then by all means

cycle could be shortened..i mentioned we are ahead by several months in terms of bitcoins price action

i still go by the theory of BTC consolidating, eth running up for a month, then alts rally ripping for a couple of weeks (alt season) ..then the crash

the market right now isn't exactly that, as eth hasn't really pumped hard ...I still think it'll keep running up. (and alts) till the ETF decision on May 28

another sign is when there's massive euphoria and commotion about crypto ..it's not quite there yet, especially since the alts are still relatively undervalued vs Bitcoin

a couple of my buddies run Canadian youTube channels based on crypto and they've seen increase traffic but it's nowhere near the dogecoin / Elon Musk period of 2021... we'll get there eventually

 

[stinkynuts]

Yeah, I' was just going to post more info on that video:

The Bitcoin Power Law: A Mathematical Approach to Predicting Bitcoin's Price - Decrypt

A former physics professor claims to have developed a model that maps Bitcoin's long-term price. Here's how it (purportedly) works.

decrypt.co

Critiques and considerations
While the Bitcoin Power Law provides a fascinating outlook on Bitcoin's potential, it's crucial to approach such predictions with caution. Financial markets are inherently unpredictable, and models based on past data cannot guarantee future outcomes.

Critics argue that price projections like the Bitcoin Power Law and the now widely criticized stock-to-flow model could lead to unrealistic investor expectations.



I personally would be SHOCKED if the price of bitcoin peaked at $150,000 when we are already at $60,000, and with interest rates, media frenzy, and the ETFs. You need to factor those in.

And how could Bitcoin then go to $1M in 2033 if Bitcoin peaks at $200,000 in 2025, and then the gains keeps getting smaller each cycle? Makes no sense. The man would have you believe that we are going to only a 200,000-70,000 = 130,000 difference in peaks from the previous cycle, yet somehow gain $800,000 in two cycles?

 

[stinkynuts]

Of all the models based on past cycles: this halving one makes the most sense to me: 300,000 peak on Sept. 18

But of course no one knows. Each cycle resulted in a drawdown of 80-90% from the peak.

 

[stinkynuts]

Great video on whether Bitcoin is a scam or not, exactly what this board keeps debating:

 

[Gators]

will add more on Monday but watch out for April.

 

[stinkynuts]

This is a great look into what money is, the history and evolution of money, and what bitcoin really is. Anyone investing in Bitcoin should have an understanding of it, and its potential value.

 

[stinkynuts]

Coinbase is a good platform to buy and sell your crypto from. It takes minutes to set up an account, buy any crypto, sell, and have it deposited into your bank account. Very quick and seamless, especially if you have a paypal account. You can literally buy any coin and have the money in your bank account allmost immediately if you wanted to pay a small fee for express deposit.

 

[stinkynuts]

Bitcoin now at 65,000.

Bitcoin will continue a steady rise until spring or summer next year. Then it will go insane. That's when regular people will fomo in. It will probably peak in the fall, and then the sudden crash. Insitutions will be dumping hard and when you least expect it. There will be a lot of manipulation at play. Look at what happned when the ETFs were approved. Everyone thought Bitcoin would take off, but it tanked. That's because Greyscale dumped all their Bitcoin. Those who shorted Bitcoin profited immensely.

Get in right now while you can. The earlier, the better. Start small, maybe a few hundred. But once you see your gains, you will have the confidence to add more. The more you wait, and the more the price rises, the harder it will for you to make money. For example, if you wait until it reaches 120,000, and Bitcoin reaches 240,000, you would have doubled your money, rather than quadruple it, had you invested today. Only invest what you'd be okay with losing, and enjoy the ride. If history repeats itself, and most likely it will, the risk/reward is a once-in-a-lifetime opportunity if you pull out before the crash. Small chance of losing your investment, and the potential to 3-10X it. It would take 20 years or more to make same returns in the s&p. For those who are worried, you can take your money if you lose half your investment, but that's unlikely at this point. Any major dips will be bought up quickly by those seeking a bargain, and chance to increase their earnings. It's now or never.

For ETFs, I recommend BTCC, and to own yourself Coinbase.

https://www.coinbase.com/blog/coinbase-officially-launches-in-canada

Purpose Bitcoin ETF | Cryptocurrency & Bitcoin | BTCC

The world's first Bitcoin ETF. Own a piece of history with the first physically settled Bitcoin ETF available to investors. Find out how

www.purposeinvest.com

 

[stinkynuts]

After Bitcoin crashes, it's best to wait until it bottoms, then buy as much as you can. And then hold. In a decade or so, each Bitcoin should be worth a million dollars, and years later closer to ten million each. Who knows what the dollar will be worth. The US in serious debt, and they keep printing money. Bitcoin could be the most valuable currency in the future. It's a good hedge and asset to diversify your portfolio.

 

[Phil C. McNasty]

I still hold 56,000 coins of CRO, but I also bought $1,000 in Bitcoin cause I forgot I had a bit of cash left in my Fiat wallet.
CRO has almost doubled in the last month, I just hope it keeps going.
I dont think Bitcoin will stop anytime soon either, but we shall see