Bitcoin to skyrocket in 2024

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stinkynuts

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Jubee said:
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
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Retail always buys in at the very peak. A good way to know when Bitcoin has peaked is when EVERYONE is talking about it, and crypto apps are number one.

One year from now, it’s going be be absolutely insane. Social media along with conventional media will be hyping this up, it will be a global powerball.
 
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sprite09

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Kautilya said:
Or may be just cash out half when you have a profit of 100%. That way you get back your capital, and even if you lose the rest, you are in the same position next year, as this year. lol. And keep doing that, just invest the profits. lol.
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it's ultimately up to the individual

in a bull run I'd argue that's probably not the best strategy since things rip hard ...you double your money, pull some out, next thing you know it's now 5xed

if you're playing with lots of money, I can see why you'd want to protect the capital , though

overall, in a bull run, enjoy the ride
 
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sprite09

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Jubee said:
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
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well, If they kept dollar cost averaging they would be in profit by now

that's like the stock market ...if you just buy at market peaks, you're not going to do very well until you wait decades
 
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sprite09

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stinkynuts said:
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!
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actually, heres something to go by in terms of timing , cause it does seem were ahead in this cycle than previous ones

btc hits new ATH, consolidates--> eth runs up hard (about a month) --> alts run up harder (alt season..couple of weeks) --> the market dumps
 
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stinkynuts

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Bitcoin's price will skyrocket since the price is always determined by demand and supply. The supply of Bitcoin is drying up by design, after each halving. In addition, much of the Bitcoin is never on the market as many whales simply hold, as they know that there will always be a demand for Bitcoin and the price will continue to rise.

There will be a demand for Bitcoin for many reasons. One of the main reasons is because it goes up in value. So it's like a self-fulfilling prophecy. There will always be a demand for lottery tickets, or anything else that will make you money. It's all about making money.

However, no one is sure what Bitcoins future is. Like many ponzi schemes, it could all come crashing down at some point. It won't happen any time soon. But one day there may be a crypto that will replace Bitcoin. Even now there are so many cryptos that do things better than Bitcoin. Dogecoin, for example, is a better way to pay for things. It has lower transacton fees and faster procressing times. Monero is more anonymous and so can be used for transactions that you want to keep secret.

But for now, Bitcoin is valuable becuase it's been an appreciating asset over time, despite the crashes.

It's completely debatable and understandable to see Bitcoin as a scam, and in itself worthless, like Warren Buffet and other top investors do. I wouldn't disagree. But like I said before, just because it's a ponzi scheme or scam doesn't mean the cycle wont' repeat, and that you can't make money off of it.

Ultimately, Bitcoin could become the future currency and store of value for the world: a global currency, and an alternative to banks for storing and sending money. Or it could fail and be revealed as nothing but one big, sophisticated ponzi scheme.
 
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stinkynuts

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Just bought 1,000 dollars each of shibainu and doge, just for fun. Better than going to the casino and losing it on slots or blackjack. Could easily 10x.
 
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sprite09

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stinkynuts said:
Just bought 1,000 dollars each of shibainu and doge, just for fun. Better than going to the casino and losing it on slots or blackjack. Could easily 10x.
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lol ..,well, longing Bitcoin right now would be stupid ...the reward to risk isn't there

alt coins are still relatively undervalued

eth should have a good run till the ETF decision in may (buy the rumour , sell the news ) and the alts should go along with the ride but with magnified returns
 
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stinkynuts

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I just bought $5,000 total Shib and Doge, and already 10% returns. What the stock market takes 1-2 years to do! And it's only gong to accelerate from here? Gotta love those alt coins during a bull run!

Shib up 15% today, up 50% in last week,
 
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