Bitcoin to skyrocket in 2024

sprite09

Well-known member
Aug 10, 2020
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Not sour. I'm just telling it like it is. We're in agreement this is a Ponzi scheme. So in a Ponzi scheme the losers are the ones left holding the bag. You got in on a Ponzi scheme. Good for you!!!
are you invested in the stock market ? it's the same thing ...late longs went in 2021 and got flushed out in late 2022 (eg i've seen many posts here Panic sell tesla)

in the end, smart money wins, key for dumb money is to have an exit strategy and not get too greedy ... realized profit, even if you didn't time the top, is better than losing , obviously
 

stinkynuts

Super
Jan 4, 2005
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There are many people who believe Bitcoin’s next cycle could be a bear cycle, following a larger 16 year cycle.

One thing I’ve noticed is that nobody I speak with is enthusiastic or cares about crypto anymore. The novelty factor is gone, and last year’s scandals have left a bad taste in people’s mouths. Hopefully, retail will come back to pump the alts.

.
 

sprite09

Well-known member
Aug 10, 2020
1,280
620
113
There are many people who believe Bitcoin’s next cycle could be a bear cycle, following a larger 16 year cycle.

One thing I’ve noticed is that nobody I speak with is enthusiastic or cares about crypto anymore. The novelty factor is gone, and last year’s scandals have left a bad taste in people’s mouths. Hopefully, retail will come back to pump the alts.

.

i will admit it is unrealistic to believe crypto will repeat this cycle of 1 yr down, and 3 yrs up..

as it becomes a mainstream asset class, i think after this cycle, it will go thorough a multi year, secular bear market like other assets, such as gold, stocks, copper, etc etc

you know people who hate crypto , haven't you realized Wall Street , pension funds , and governments are in it now ? not only government's, but the US government? granted , in terms of pension funds and governments, it's only Bitcoin, but a healthy crypto market requires a healtly Bitcoin.

anything can be based on the greater fool theory , so to me, there are two scenarios for this: 1) who missed the boat entirely because they can't see what smart money is doing and think they're smarter than them; or 2) someone ends buying well after after the smart money buys, only to get dumped on after
 

Robert Mugabe

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Nov 5, 2017
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I just got the impression it was a nonpartisan discussion on a financial discussion board about something that is obviously an interesting phenomenon. Nobody is doubting bitcoin is a scam, but nobody here is touting it. I have a minor share of bitcoin, but I don't hold any faith in it making me wealthy. I never did or I would have bought a long time ago and become wealthy. I simply dabble to make life a bit more interesting. Still don't know what it does or what people use it for. But I am up around 30% this year. Why not?
 
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stinkynuts

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Jan 4, 2005
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Also, to be clear, as I’ve said before, Bitcoin in and of itself is definitely not a scam.

Satoshi Nakamoto never intended bitcoin to become this get-rich quick ponzi scheme that it has become today.

A decentralized monetary system that allows people to truly own, store, and transfer their money anonymously, and without worrying about it being confiscated or devalued is hugely beneficial.

But all of those merits are being somewhat thrown into question as the government and institutions are getting their hands on bitcoin and are trying to control it.

Bitcoin payments are no longer anonymous, they can be tracked. Bitcoin can be confiscated by the government. It is now controlled by a handful of whales who own most of the coins, and who manipulate the price to their benefit.
 

richaceg

Well-known member
Feb 11, 2009
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Anyone who invests heavily on crypto better have deep pockets of just play with the money they kick around the house...too volatile. FOMO will get the best of you if you're not careful...anyone fell for Hawk Tuah? 😂 😂 😂 . I have no sympathy for you...
 
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God of War

New member
Aug 12, 2022
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Bitcoin consolidating, 100k will change from resistance to support.
Next leg up should happen by end of month.
Very important Fib support level at $ 100,850, hasn't held once after Bitcoin passed the 101k mark, do you think it holds this time ? :unsure:
Yes, it should. But anything can happen
MSFR is a solid investment. Too bad Microsoft shareholder doesn't want to invest in Bitcoin like Micro strategy!
 
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stinkynuts

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Jan 4, 2005
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MSFR is a solid investment. Too bad Microsoft shareholder doesn't want to invest in Bitcoin like Micro strategy!
It's a good hold until mid January. After that, if history repeats itself, it will stagnate while BTC continues to climb.

There is a lot more risk as well. Something could happen to Saylor, Saylor could be doing something illegal, something could break with MSTR's strategy, etc. But for this risk, it will outperform IBIT by a significant margin.
 

SamanthaJones69

Supporting Member
Jul 19, 2021
64
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I think crypto is inevitable. It offers more control for the gov, under the guise of being decentralized. Going to be the next Google, surely. Surprised more guests don't pay with Bitcoin, tbh.
 
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