Toronto Passions

Bitcoin to skyrocket in 2024

stinkynuts

Super
Jan 4, 2005
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I think there was a crypto options expiry at 3pm EST , I'm sure there would of been tons of $ 98 - 108k call expirations and tons of put expirations of 100k to 90k area. The bulls must have slightly won the tug of war this time around.
It’s the start of the next 60 day cycle. Probably hit around 120k around inauguration time, then a correction.
 

LiveInTorontoPartyInMontreal

Well-known member
Feb 23, 2008
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I'm as bullish as the next TERB member on this thread, but many are calling Bitcoin at $ 108,300 the top and the end of this shortened cycle. It's risk off from now on ! All I can say is HOLD ON and YIKES ! If ETH gets to the $ 2,900 area, 2k could be super fast ! Bitcoin predictions are all between 60k - 80k area. :unsure::mad:
 
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stinkynuts

Super
Jan 4, 2005
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I'm as bullish as the next TERB member on this thread, but many are calling Bitcoin at $ 108,300 the top and the end of this shortened cycle. It's risk off from now on ! All I can say is HOLD ON and YIKES ! If ETH gets to the $ 2,900 area, 2k could be super fast ! Bitcoin predictions are all between 60k - 80k area. :unsure::mad:
Looks like there will be only one or two .25 rate interest rate cuts this year, could be a shortened cycle. Peak may come in as early as this spring.
 
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trippingwalker

Well-known member
Apr 1, 2015
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Crypto has no underlying value. It is worse than casino gambling. I would never put money into it as an investment. Not to be a Green Enviro guy but I think the whole scheme is truly dirty money.
ohhhhhh i wonder what you would have said about bitcoin in 2013 lol
 

rajput

Active member
Sep 19, 2023
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Exactly. Just because Bitcoin is a scam doesn't mean that you have to be the one being scammed. Play the game right, reap the rewards. Pigs get slaughtered, so true!
What do you think the next drawdown will be? 70k or lower?
 

stinkynuts

Super
Jan 4, 2005
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Bitcoin will pump after Trump is inaugurated and the hype surrounding his pro crypto policies reaches a peak.

Then there will be a correction. I will dollar cost out before this correction, then just play out my alts.

February is the second best month of the year, almost every February has been positive. Next few weeks should see bitcoin approaching 120k+
 
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stinkynuts

Super
Jan 4, 2005
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Big boys crash it the day before, let it trade dirt cheap, cover their shorts and take a long position and then ride it back up. Rinse and repeat, what else is new ?
What will Bitcoin do today ? :unsure: :unsure:🙏
100% manipulated. As always the pump happens in the middle of the night too.

Most likely Bitcoin will continue to rise with lots of volatility into February, reaching over 120k.

Up to this point, I have been pretty confident and accurate in the general movement of Bitcoin, as it's followed previous historical cycles pretty closely up to this point.

However, what happens after February is unclear, as the previous cycles have differed.

If it follows the 2016/17 cycle, Bitcoin will continue to steadily go up until fall 2025, possibly reaching 200k.

If it follows the 2020/21 cycle, Bitcoin will peak in March, then have a dramatic drawdown, and then recover and match the March peak in the fall.

No one knows what will happen. Macroeconomic factors and global liquidity will play a role. Also, Trump's actions, such as whether he implements the strategic bitcoin reserve, and enacts other policies, will also be a huge factor. Everything is completely up in the air after February, and that's why I'm not going to risk it. Bitcoin could crash hard, there may be a black swan event. Last cycle, we had FTX, this cycle could be Microstrategy. Michael Saylor is diluting shares and continuing to buy massive amounts of Bitcoin using leverage. I think a crash in Bitcoin could lead to a cascading effect, and lead to Microstrategy going under, causing Bitcoin to crash even more.
 
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flyhy

Well-known member
Nov 4, 2015
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100% manipulated. As always the pump happens in the middle of the night too.

Most likely Bitcoin will continue to rise with lots of volatility into February, reaching over 120k.

Up to this point, I have been pretty confident and accurate in the general movement of Bitcoin, as it's followed previous historical cycles pretty closely up to this point.

However, what happens after February is unclear, as the previous cycles have differed.

If it follows the 2016/17 cycle, Bitcoin will continue to steadily go up until fall 2025, possibly reaching 200k.

If it follows the 2020/21 cycle, Bitcoin will peak in March, then have a dramatic drawdown, and then recover and match the March peak in the fall.

No one knows what will happen. Macroeconomic factors and global liquidity will play a role. Also, Trump's actions, such as whether he implements the strategic bitcoin reserve, and enacts other policies, will also be a huge factor. Everything is completely up in the air after February, and that's why I'm not going to risk it. Bitcoin could crash hard, there may be a black swan event. Last cycle, we had FTX, this cycle could be Microstrategy. Michael Saylor is diluting shares and continuing to buy massive amounts of Bitcoin using leverage. I think a crash in Bitcoin could lead to a cascading effect, and lead to Microstrategy going under, causing Bitcoin to crash even more.
Dude, I enjoy reading your forecast, your writing reminds me of Marc Faber. Keep up the research buddy.

Mstr and Mara should merge.
Miners or data centres need to be protected.
 
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