Buying back IBIT after it started to pump was very difficult, but I'm glad I made the choice. I'm very stubborn, so I was going to just hold Carnival. I'd be dying right now.
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Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
ALGO traders/Bears guarding that $ 70k mark like a hockey goalie ! On Bybit it bounced off $ 69,900 and on Coinbase it bounced off $ 69,800. Most people will call it just plain old profit taking. I'm sure the Bulls will take a breather and try to blast thru $ 70k today. I can't believe all the Joe Daytraders who get whipsawed and liquidated on both sides of the market just from emotion trading.
It's just a matter of time before we crack 70k, and then we'll see what happens next.
Just curious, will you switch into something else or just stay on the sidelines ? What main metric will you use as your strategy selling point ? 2x or 3x your capital ? Bitcoin dominance waning ?
I will go bythe historical pattern. Exactly one year after the halving, in all three previous cycles, Bitcoin reached a new high. From then, after six months, in two of the cycles Bitcoin went down or stayed roughly the same, with lots of volatility. In one cycle, it went up. After the one year mark, the risk/reward isn't there anymore. Tremendous volatility and not much to gain, with massive drops.Just curious, will you switch into something else or just stay on the sidelines ? What main metric will you use as your strategy selling point ? 2x or 3x your capital ? Bitcoin dominance waning ?
It's impossible to tell when Bitcoin will peak and what the final price is. However, after doubling from here, the returns you get become more diminished for the risk. For example, even if Bitcoin were to go from $140,000 to $200,000, it would be less than a 50% gain. But the risk is tremendous that you will be left holding the bag, as the drops can be sudden, steep, and final.
It's far better to wait until one year after Bitcoin peaks (one year from November 2025). That will be when Bitcoin will near the botttom. If you can buy Bitcoin at say $70,000 at that point, then there is much less risk that you will lose anything in the next few years, and you can easily 2-3x your money until the next halving. And from then, you can double to triple your money. So you can probably 6-10X your money if buy at the bottom and sell three years later at the next bull run, with far less risk.
I will take my winnings and invest in several stocks and ETFS (SPX, QQQ, BRK.B, Paypal, Netflix, etc.)
When Bitcoin bottoms in winter 2026, I will buy bitcoin by dollar cost averaging.
If we do hit $140,000 way before the one year mark after the halving, I'll probably keep 20% of my funds in bitcoin to let it ride out.
This is like a deja vu of Wednesday post Fed ( around $ 68,500) and then Friday night $ 62,250. No staying power like counterfeit Sildenafil ! 
market peak is really simple ...watch for Ethereum to make a new all time high , alt season will then occur ...then you've got basically 3-5 months to get out before capitulation
i thought it'd be 2025 but looks like we're ahead of schedule, so i would focus on prices vs time
i thought it'd be 2025 but looks like we're ahead of schedule, so i would focus on prices vs time
Definitely missed out on the tear it went on but I did get an account set up on crypto.com today and transferred some funds over so I'm ready for your next recommendation
Most people invest when it's too late. Bitcoin has already made its run, quadrupling since its low a year and a half ago. However, the good news is that you can still double your money easily. Get in as soon as you can.
It is great that you got in fairly early and did well, however you cannot guarantee anyone that they will double their money. Maybe, yes? Possibly? But not double your money easily. There will be a lot of happy people if it doubles or more.
But no one can guarantee that you can easily double your money before the bottom finally falls out.
I've been in and out of crypto for a number of years now so I've more than doubled what I've put in. Noticed that everything was starting to trend in the start of the year so dusted off my old accounts and found some nice balances to play around with. Still holding onto some BTC and ETH but wouldn't mind trying to make some quick money with altcoins. Doing a bit of research whenever I have some spare time but any advice would be appreciated.
Good for you, just keep holding. I too am waiting for altcoin season to make the real money, but it seems that it only lasts one or two weeks. It still is a ways off before alt season.
When the market sentiment goes into "Extreme Greed" area 80+, it almost always pulls back and does a mini crash. Many chartists/TA's feel we need another sell off maybe down to the $ 57,500 area to shake out the rookie day/leverage traders like me. . ( ) . . I hope they are wrong, between 9am and 10am I was chugging back my bottle of Pepto Bismol on my desktop watching my Coinbase account balance fall out. . ugh ) .
) . . I hope they are wrong, between 9am and 10am I was chugging back my bottle of Pepto Bismol on my desktop watching my Coinbase account balance fall out. . ugh ) .
For me it's a good thing Bitcoin fell. I sold and bought Carnival hoping it would pop after earnings this morning. It actually fell. I ended up trading it back for Bitcoin. Since both were down about the same 1.5%, I ended up even.
Just give me your $ 200,000 I will parlay it on UCONN ( mens) & Medvedev ( tennis) and net you $ 732,000 ! LOL !
Now that I mentioned it, if we don't bet it, Murphy's Law, it will win ! LOL !
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doge looks good in terms of technicals...inverse head and shoulders on the 4H and confirmed if it holds 19 cents...even a long term hold, it's good..X (formerly twitter) just got payment licenses in a few states...only a matter of time Elon will announce Doge as a means of payment on X.
still think ONDO is a good a buy...still around the bottom of the top 100 with much more upside
Elon Musk's X Secures Payment Licenses In 3 States, DOGE Payments Soon?
For years, entrepreneur Elon Musk has touted Dogecoin (DOGE) and other cryptocurrencies. He has involved them in other companies, such as allowing DOGE payments for Tesla merchandise, but most of these uses have been on smaller scales. However, recent approval for numerous licenses could point...
ca.finance.yahoo.com
