Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
Traditionally the expectation has been a rise upon approval of a bitcoin ETF in the USA and the upcoming halving.
Yea but like if everyone is expecting it then idk it sounds like to me that it shouldn’t work because for sure there are so many people holding and waiting to sell when these things will happen? I guess im just kinda thinking about what would be a good time to get in
Between Jan 11th and April 2024, if you look at Bitcoin trading in the last 7 days, it looks like the players are at a standstill, lots of sideways choppy action. But, look at ETH and smaller coins, some are off 25 to 35% in the last little while, these are the players that play high leverage and need Bitcoin movement all the time since they are charged margin every day, from that action it looks like a "no" vote. Let's cross our fingers !
We should start a Bitcoin ETF approval/non approval pool: I'll start , yes, BTC rallies $5k and during the day it goes back to N/C, no and it drops $ 10k, what do I know, I'm just pretending to read the charts.
There will be a massive push to inflate the price around the time of the halving to try and lure new money in. (A lot of it will be basically via "loans" of tethers.)
Remember that bitcoin prices are heavily manipulated due to the lack of regulation and the heavy investment from fraudsters and criminals.
People who are stuck with bitcoins they can't sell will be using the opportunity to dump their coins as new money rolls in.
Yes, there are a few whales who manipulate the price. There will be a huge surge and hype from the media about halving, and the etf. But also, many people will buy bitcoin as a hedge against the US economy. People want to get into assets that are not correlated.
I feel that people will flee to bitcoin once the economy starts to collapse.
That's certainly what the whales are hoping.
People panic, flee into Bitcoin, and they can take their money.
Whales dominate all markets; market movements are not based on an average, but a weighted average (investors with more money). Dumps on dumb aka retail money is no different than what happens in the stock market.
The key in either market is buying on fear, selling on greed. There's still plenty of time left for the crypto bull run, but the best time to buy when there was pain (i.e., 2022, ditto for stocks).
Last edited:
same thing happens with stocks. curious, what are you investing in? i know you had some interest in Tesla. | ||||
LMAO, SEC's account got "hacked" and tweeted that the Bitcoin ETFs were approved. And they're supposed to protect investors, lol.
It was probably an inside job; what corruption . I mean, the SEC has traded on insider information before.
protect investors, my ass , can't "protect" its twitter account if it really got hacked, lol.
It was probably an inside job; what corruption . I mean, the SEC has traded on insider information before.
protect investors, my ass , can't "protect" its twitter account if it really got hacked, lol.
Last edited:
I didn't say there wasn't still time.
I'm pointing out that "pump this so the whales can cash out with the new money" is the basic play.
That doesn't mean no one else can't make money.
Money will gradually pour in, BTC will probably not see a major spike immediately. After the SEC accidetntally released their approval tweet (or they were hacked) BTC actually fell and then rose, but not dramatically. It'm betting someone did that on purpose to see whta the reacton would be. Now we all have a heads up.
BTC will absolutely go up due to more money pouring in due to the ETF, the halving cycle, cuts in interest rates which willl lead to risk-on investing, FOMO, hedging against the global economy and market, media hype, and manipulation by the whales.
You definitely don't want to be left holding the bag, and unlike stocks, it makes sense to sell before the dump. I'm guessing conservatively $80,000 is a good time to do so, but wouldn't be surprised that there will be a frenzy within two years that pushes BTC way higher, 200-500,000.
that's if you're buying index funds ..if you're being specific stocks, it's really no different ..
I'm sure you can give countless examples where not selling a stock was a terrible idea (eg beyond meat, Groupon, Go Pro tc etc)
will be DCAing in then DCAing out , probably end of this year , or if my price targets get reached
not calling for 200k Bitcoin, i think that's just moonboy talk
but breaking previous ATH is almost guaranteed to happen (we're already at 46k) and 100k is a good possibility
I didn't figure post SEC announcement that Bitcoin would be a non-event, but my ADA, MATIC , ETH and AVAX all up 10% area ! Woo hooo!
