Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
Everyone has the right to express their views. In the end, no one knows what will happen, we can only go by history and theorize.Anyone following this market the past few weeks knew that it was overheated and anyone with chart experience can just change the BTC chart to a 1 minute or 5 minute time frame and tell what's going on in 1 minute without even watching on the day or know what the underlying coin is. About 10 TERB guys always dump on me saying my "advice" is crap, but it's not "advice" ( I'm not a Financial Adviser), it was meant to be my market commentary, that's all. Anyone who wants to know what really happened just check my daily YouTube Bitcoin blog and make sure to hit that LIKE button and don't forget to SUSCRIBE ! LOL !
Don’t worry about others. It’s best that you keep posting your views, as the more viewpoints there are, the better.
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The cringe is back 
. The market is definitely not overheated - the market literally just chopped sideways & downward for two years as a result of interest rate increase, FTX & recession. This is why what you post is way off the mark. Quit trying to make some pin point predictions & forecasts off the back of technical analysis for a day or week. It doesn't work or apply here.
. The market is definitely not overheated - the market literally just chopped sideways & downward for two years as a result of interest rate increase, FTX & recession. This is why what you post is way off the mark. Quit trying to make some pin point predictions & forecasts off the back of technical analysis for a day or week. It doesn't work or apply here.The most difficult part now is how and when to cash out. I know I'm going to sell a few different times (dollar cost average out), but I need a good strategy to maximize my gains.
This will be very difficult to work out, since each pattern has been wildly different, and I don't want to miss those insane peaks. Realistically, there could be a very brief peak of 300-500,000. Sell too early, and you miss out insane highs. Sell too late, you're left holding the bag, and maybe you're lucky to double your money.
This will be very difficult to work out, since each pattern has been wildly different, and I don't want to miss those insane peaks. Realistically, there could be a very brief peak of 300-500,000. Sell too early, and you miss out insane highs. Sell too late, you're left holding the bag, and maybe you're lucky to double your money.
it's easier to just ride the wave and start cashing out next yr
i think Korea is gonna approve, too ..although it's really the US that matteredThere are no etfs in Asia now, but Hong Kong seems to be in the approval process, and all indications that it will follow the US and approve them very soon. If so, this could be huge. Massive amounts of money from China and Asia could send the price of bitcoin up. Interest rates are projected to be slashed in late 2024 and early 2025, and the halving, along with fomo, media and social media frenzy could send bitcoin to well over the $150,000 price target. If it's at $60,000 at this early of the stage, even before halving, I can see Bitcoin going well over $200,000.
Hong Kong Regulator Accepts First Application For A Spot Bitcoin ETF
A local financial firm is reportedly in the advanced stages of planning to launch funds in the first quarter of 2024.www.forbes.com
Peter Brandt Raises Bitcoin Price Target to $200,000 for the Current Bull Market Cycle
Peter Brandt explained that the target for "the current bull market cycle" for bitcoin has been raised from $120,000 to $200,000.news.bitcoin.com
another catalyst will be a dovish fed
We're on cruise control from this point on. Every single dip or correction is immediately being bought up, just like the previous cycle. Of course, anything can happen. Never, ever be too cocky or complacent. Just hope for the best, and enjoy the ride!
3 posts in a row. You can tell stinky is excited lol.
Best way to exit is DCA out - there's no way to time this & don't get greedy.
There will be a pull back at some point after the halvening. It's not a matter of if but when.
Best way to exit is DCA out - there's no way to time this & don't get greedy.
There will be a pull back at some point after the halvening. It's not a matter of if but when.
lol, I am excited, there's a lot of money to be made.
I decided to DCA out instead of holding. I want to have cash and invest it during those four years (expected return of 50%), and then but near the bottom the next cycle. Who knows what will happen to Bitcoin? Anything could happen, and it would be beyond foolish to not take profits from this once in lifetime opportunity. If you invest in stocks, you can double your money every 7 years. With bitcoin, you have a chance to quadruple your investment in one year, something it would take 14 years to do with stocks.
I am now it for well over six figures, maxing out my TFSA.
I am now doing simulations and creating a schedule to maximize the earnings from cashing out. Seems best to DCA out 300-600 days after halving, based on the previous three cycles.
https://charts.bitbo.io/cycle-low-multiple/
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If Bitcoin were to follow the previos cycle, based on current data, the top would occur in early October 2025, and have a peak value of around 850,000.
This seems crazy, but many people say that the peak from the last cycle was artificially blunted. With the tremendous influx of money from ETFs and more widespread buying and media frenzy, I can see it happening.
If this does happen, multiply whatever you have now invested, and multiply it by 13. That's what you'd make if you were to sell at the peak.
But if that chart is accurate, then in one year, Bitcoin will go from 60,000 to 700,000. If that does happen, I think I will be a bit more excited than I am now!
This seems crazy, but many people say that the peak from the last cycle was artificially blunted. With the tremendous influx of money from ETFs and more widespread buying and media frenzy, I can see it happening.
If this does happen, multiply whatever you have now invested, and multiply it by 13. That's what you'd make if you were to sell at the peak.
But if that chart is accurate, then in one year, Bitcoin will go from 60,000 to 700,000. If that does happen, I think I will be a bit more excited than I am now!
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3 years ago it was at the same price roughly wasn't it? I feel bad for the people that bought in that time, damn, hope they held until now at least.
April 1 2021 - 58K
Today - $61k
April 1 2021 - 58K
Today - $61k
