Bitcoin to skyrocket in 2024

[stinkynuts]

An interesting ideas will be buying the inverse of the Bitcoin ETFs on the way down, after Bitcoin peaks exactly one year from now. It’s much more certain that Bitcoin will fall back into a bear cycle. This will happen 99.9%. BTCZ , BITI BTCZ are good etfs to buy then.

This carries risks though:

https://www.reddit.com/r/LETFs/s/FjNFOjZdZQ

best not to get greedy and buy leveraged ETFs on the way up or down. They carry high fees and a bad run will wipe out your investment.

If you want to double down on Bitcoin, Microstrategy ,MSTR is probably the best bet.

On the way down even a non leveraged inverse Bitcoin ETF such as BITI is not suitable, it seems it is for daily trading, and would not be suitable to capture the gradual decline of bitcoin into the bear market.

https://www.reddit.com/r/ETFs/s/8RIvRn9BPv

So ignore my post about buying inverse Bitcoin etfs.

 

[LiveInTorontoPartyInMontreal]

BTC is .01% off it's new ATH ( 75,410) and ETH is off let's say 46% off ATH ( $4,880), many large players the last few months have been dropping ETH and increasing their holdings of BTC. Or can one read it as, ETH will play catch up going forward ? Thoughts ?

 

[stinkynuts]

BTC is .01% off it's new ATH ( 75,410) and ETH is off let's say 46% off ATH ( $4,880), many large players the last few months have been dropping ETH and increasing their holdings of BTC. Or can one read it as, ETH will play catch up going forward ? Thoughts ?

Solana is the new ETH. The ETFs proved there was no demand for ETH. If all the other alt coins pumped, but not ETH I really don’t think it will in the future. Solana is a far better choice

 

[LiveInTorontoPartyInMontreal]

Solana is the new ETH. The ETFs proved there was no demand for ETH. If all the other alt coins pumped, but not ETH I really don’t think it will in the future. Solana is a far better choice

Love SOL, it's my biggest holding and I don't want to brag but I told everyone about SOL at $ 10 USD, check the TERB tapes ! LOL
Can you believe, Monday afternoon SOL wicked down to $ 156 area. Woo hoo , since nobody on TERB is excited except you and me ! LOL !

 

[stinkynuts]

Love SOL, it's my biggest holding and I don't want to brag but I told everyone about SOL at $ 10 USD, check the TERB tapes ! LOL
Can you believe, Monday afternoon SOL wicked down to $ 156 area. Woo hoo , since nobody on TERB is excited except you and me ! LOL !

The board will be flooded with fomo-ing mofos when btc hits 100k

 

[LiveInTorontoPartyInMontreal]

The board will be flooded with fomo-ing mofos when btc hits 100k

I am quite satisfied that crypto is going sideways and stable after the past so many hours of parabolic, but I had guessed that Joe Retail would come in today with
their $ 100 Buy at the Market orders and take BTC up higher FOMO style. If you watch any BTC charts on a smaller time frame like 1 hour or less , the green candle wick is super super thin and before the hour candle is finished , the pro/or whale whacks BTC down further than where the rally had started. Most experts say Joe Retail got wiped out so many times playing high leverage, that he won't get sucked into coming back to the market until way later ? What's your guess guys ? 100k and up ?

 

[stinkynuts]

I am quite satisfied that crypto is going sideways and stable after the past so many hours of parabolic, but I had guessed that Joe Retail would come in today with
their $ 100 Buy at the Market orders and take BTC up higher FOMO style. If you watch any BTC charts on a smaller time frame like 1 hour or less , the green candle wick is super super thin and before the hour candle is finished , the pro/or whale whacks BTC down further than where the rally had started. Most experts say Joe Retail got wiped out so many times playing high leverage, that he won't get sucked into coming back to the market until way later ? What's your guess guys ? 100k and up ?

yes. Retail wants nothing to do with crypto anymore after the last cycle

 

[LiveInTorontoPartyInMontreal]

yes. Retail wants nothing to do with crypto anymore after the last cycle

I remember that cycle vaguely, let's say Joe Retail buys $ 1,000 of BTC mid October 2021 @ $65,000, then that BTC cycle ends early from rising Fed rates or whatever when BTC is around $69k , peaks and then turns back and crashes and bottoms out with Terra/FTX collapse and BTC is around $16k, that would scare any rookie to leave the crypto market. Imagine buying SOL at around $10 USD around year end, if only we all had that vision back then and the big cajones !

 

[stinkynuts]

Bitcoin just broke 77k, will most likely hit 80k in s few days.

Global liquidity, led by China and the US.”, with trillions of new capital, as well as money pouring in from cash and safer assets, record etf inflows, retail fomo, hyped up by social media and influencers, and all fueled from the top by crypto friendly legislation from Trump and the now crypto friendly lawmakers will make this bullrun one of strongest, adjusted for risk.

We won’t see Bitcoin 5x like the early cycles, but a good 2-3x is definitely possible, and without all the crazy volatility and risk that came with the earlier cycles.

 

[LiveInTorontoPartyInMontreal]

I think Cardano ( ADA) could easily do a 5 to 10x. I like the CONVERT function on Coinbase it lets you swap coins in like 5 seconds, I converted some DOGE to ADA, Joe Retail love the lower priced high fliers. Also, ADA is off like 85% from it's September 2021 ATH. To this day I'm very surprised there are coins like : AVAX, LTC, LINK off 70 to 80% off their highs of the last cycle. I'm praying for Altcoin Season !

 

[LiveInTorontoPartyInMontreal]

BTC intraday ATH, $ 77,240, and we're in "Discovery Mode" from here on in ! Woo hoo ! What a long consolidation phase this has been in 2024 !

 

[stinkynuts]

BTC intraday ATH, $ 77,240, and we're in "Discovery Mode" from here on in ! Woo hoo ! What a long consolidation phase this has been in 2024 !

It was pure hell, and many wondered if the bullrun would even come.

There is too much money from the whales, institutions, and people in the power for there NOT to be a bullrun, and for them mot to make gobs of money.

They just need yo get retail back in, but that may be a challenge. The general public wants nothing to do with crypto thanks to the likes of SBF, all the Bitcoin scams, and money lost. Ponzi schemes can’t continue forever. Fool me once…

 

[LiveInTorontoPartyInMontreal]

When your Starbucks barista or your Uber/Lyft driver asks to explain how to open up a crypto account to buy $100 of DOGE or SHIBA , that's the tell tale signal
to cash out ! Or ask you what is Bitcoin ?

 

[stinkynuts]

What we are witnessing right now is one of the biggest financial scams.

Billions of dollars from hard-working Americans and people around the world will be funneled into Bitcoin through ETFs. Some of it voluntarily, after being misled. Others, involuntarily, by fund managers, pension funds, etc. They don't know that Bitcoin will crash a year from now. Their money is going to pump up the price of Bitcoin and end up in the bags of the whales and people at the top. Classic ponzi scheme. Only much more sophisticated and on a global scale.

 

[stinkynuts]

An excellent guide to the crypto bull run for beginners:

 

[stinkynuts]

Bitcoin approaching 79k and closing in on 80k

 

[stinkynuts]

80k!!

 

[stinkynuts]

Parabolic phase, where Bitcoin doubles in just days or weeks

 

[stinkynuts]

84k and closing in on 90k!

 

[stinkynuts]

The crazy thing that this run from 54k to 85k is JUST the very beginning of the next year-long bull run.