Well, we’ll see.Are you going by intraday highs or actual close ? I bet you a medium Tim's coffee we don't close higher than $ 93,485 on Sunday night 11:59:59 pm ? Bet ?
Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
At least for the next four weeks, we should see rapid growth. After that, there will be a correction at some point. Great time to buy more, as Bitcoin should continue to go up until mid March. Alts will explode in the upcoming months.
From there, growth begins to slow, and Bitcoin goes through a consolidation phase, dipping near the summer.
Then it begins its last ascent into the fall, where it reaches it’s climax, and then alts go insane. This is when the mania starts, and crypto is everywhere in the media, crypto apps are the most downloaded apps, and everyone is fomoing in.
Then it begins it’s descent, as smart money begins to quietly leave with their bags full, and retail buys in. Eventually they are the ones left holding the bag. Happens EVERY time.
From there, growth begins to slow, and Bitcoin goes through a consolidation phase, dipping near the summer.
Then it begins its last ascent into the fall, where it reaches it’s climax, and then alts go insane. This is when the mania starts, and crypto is everywhere in the media, crypto apps are the most downloaded apps, and everyone is fomoing in.
Then it begins it’s descent, as smart money begins to quietly leave with their bags full, and retail buys in. Eventually they are the ones left holding the bag. Happens EVERY time.
Bitcoin Cycles Comparison
Comparing the performance of Bitcoin across different halving cycles
www.bitcoincyclescomparison.com
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Today so far BTC wicked all the way down to $ 87,538 area, let's see how fast the smart money buys back this temporary dip . . .
Its all the hype. A new potus was elected. All market go crazy. Its time to sell. Sell all you got. bezos sold millions of shares. Buffet never had so much cash. Sell now.
It’s funny how the terbs self proclaimed know it alls never know it all are always wrong and conveniently forget the things they said many years in the past especially when they were way off the drivel they tried to sprinkle all over terbs forums. Oh well keep spouting. Another major one I will not forget is all the drivel they sail about Twitter. Yup we still remember.
6000 point drop. Again, whales manipulating the market to liquidate the leveraged longs.
This is what happened in March when we dropped 10,000 points after the surge. March 5 we went up to 68k and plummeted to 59k. Same pattern
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We're like $ 200 above the intraday low of the day, there are too many high leveraged longs out there. I would be happy if BTC dumped another 5 to 10k and then consolidate for a bit .
the crypto top signal is not complex... Ethereum rips, alts rip ...happened earlier this yr then BTC dumped...in that case, it was a local top
the true top signal is when eth makes a new ATH and alts go insane for months (ie alt season)....that's when you should start liquidating....alts are overall still relatively weak , so the eth and alt rip happen , likely , in sometime 2025.
the true top signal is when eth makes a new ATH and alts go insane for months (ie alt season)....that's when you should start liquidating....alts are overall still relatively weak , so the eth and alt rip happen , likely , in sometime 2025.
Bitcoin would be up over 90k today, but the overall market is tanking.
Cardano looking very strong this season
Cardano looking very strong this season
I'm calling my shot right now : Sept to Oct 2025 and I'm out ! See you guys at the Tesla dealership !
I’m going to be much more conservative, since after the initial run (from now to April), I will have met my target. I will dollar cost average out in March. Then, with some “play “ money dollar cost average in, in alts only, in May/June when Bitcoin goes through it’s pullback phase.
After alt season, with my gains, I will travel the world to hobby, and like you, get a Tesla. Model 3, white, with full self drive.
Alts I’m betting on, in order of allocation:
Doge
Sol
Cardano
Shiba inu
Pepe
Dot
Enj
Beam
Avax
To me it makes no sense to hold Bitcoin during the fall rally. It may go from 120k to 150k, a 25% increase, but with incredible risks of it crashing. The risk:reward isn’t there. However, most alts will at least double to triple. At that stage, everyone will be pouring their Bitcoin money into alts, and that’s where the real money will be made.
Last cycle showed there was no benefit holding Bitcoin from May to November, as it didn’t really create a much higher top. Due to diminishing returns , it could be even worse this cycle.
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Was thinking that the best way to liquidate my alts is through a crypto visa debit card. Load Your crypto on it and spend it anywhere worldwide where visa is accepted. You can even withdraw cash at atms around the world.
The alternative is to convert the alts to cash on the exchange and withdraw it to your bank, paying a pretty high fee. That then gets recorded and you will pay even more in taxes.
crypto.com
The alternative is to convert the alts to cash on the exchange and withdraw it to your bank, paying a pretty high fee. That then gets recorded and you will pay even more in taxes.
Crypto.com Visa Card: The only card you need
Get up to 8% back on spending paid in crypto. No monthly, annual, or ATM withdrawal fees.
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Tech companies being slaughtered today. Had it been a green day, Bitcoin would have been up much more
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Yup, just as I thought. Already made up almost all of the 6000 point.
Early in the parabolic phase we will experience a few of these dips, but they are bought up quickly.
This phase will last a few more weeks, until we experience a multi week drawdown. Great time to buy more, as Bitcoin will experience a second price discovery surge.
As we get later into the stage, it becomes much riskier to buy these major dips, as it could be the final one, with no recovery.
Early in the parabolic phase we will experience a few of these dips, but they are bought up quickly.
This phase will last a few more weeks, until we experience a multi week drawdown. Great time to buy more, as Bitcoin will experience a second price discovery surge.
As we get later into the stage, it becomes much riskier to buy these major dips, as it could be the final one, with no recovery.
Whenever I celebrate too soon, or get ahead of myself the market always pulls back big time, so for now it's a LexusSo, what Tesla are you getting?
don't go by time ....each cycle is slightly different in terms of timing ...go by the eth ATH signal ...actually, in particular, when eth absolutely goes on a tear for. like 2 weeks
back in May 2021 it literally went from 2k to 4k in a few weeks, then market capitulated (similar thing happened back in 2017)
people count for an extended cycle (cause of trump) but i wouldn't gamble on that...you don't wanna be left holding the bag ...profit is better than no profit
Good point. I doubt that there will be any Trump effect. Will wait for the eth signal to start liquidating my positions, as well as other indicators.
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The best indicator example, you walk into the Brass Rail on Thursday ( Industry Night ) , in your best work Boss suit . . .
The hot stripper that's dancing for you and miscounting songs in the VIP asks you if you work on Bay Street and if you can tell her what Bitcoin is ?
That is your indicator !
