Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
Many big crypto players pulling out 100% saying the BTC has peaked and they want to go risk off now. UGH !
Yeah, I don’t blame them. This isn’t good. By all measures stocks are way overvalued.
Buffett Indicator: The percent of total market cap relative to GNP
The percentage of total market cap (TMC) relative to the US Gross National Product is used to measure the overall valuation and predict the potential returns of the stock market.
Bitcoin is highly correlated with global liquidity. Therefore if inflation raises its ugly head again, things will get worse.
I guess I won't be meeting you at the Lambo dealership or Kia dealership or Tangerine Rent-A-Bikes, but the Presto machine at Union Station , UGH .Yeah, I don’t blame them. This isn’t good. By all measures stocks are way overvalued.
Buffett Indicator: The percent of total market cap relative to GNP
The percentage of total market cap (TMC) relative to the US Gross National Product is used to measure the overall valuation and predict the potential returns of the stock market.www.gurufocus.com
Bitcoin is highly correlated with global liquidity. Therefore if inflation raises its ugly head again, things will get worse.
It will most likely bounce back and create a new high above 110k. But it’s becoming much
more risky to hold. I think I will sell exit my Bitcoin position early next year.
more risky to hold. I think I will sell exit my Bitcoin position early next year.
Next CPI is going to be absolutely critical. A cool reading will send markets soaring, and a hot one will send markets and btc crashing.
A great video explaining what happened.
Most likely liquidation of over leveraged market rather than hawkish Fed.
The market will rebound higher in a couple of weeks.
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Bears going to take BTC down to the Dec 10th area of around $ 94,500 it looks like on my charts. I should really learn to skew my charts to look more bullish. UGH !
seems like normal price action for bitcoin
131% YTD isn't enough?
131% YTD isn't enough?
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A lot of T/A's and chartists are saying that BTC and ETH's bull cycle had ended just recently and a new bear is going to start prematurely ( like my cock ), any believers or do you still feel there's 1 more year to go in this bull ?
The bottom line is that anything is possible.
In the end though, the most important factor is global liquidity. How much money and credit is available. If there is a lot, people will put it into risky assets to try to make as much as possible.
Jerome Powell yesterday warned that there may be problems ahead with the labor market.
We all know what happens when the fed starts to tighten.
Having said that, it seems more likely that we haven’t peaked yet. I will be out entirely out of Bitcoin before the next cpi reading and Trump gets inaugurated. After that, the risk/reward just isn’t there. I will play out my alts though, they should peak in Feb->April.
The last cycle was fueled by an insane amount of global money being pumped in due to covid. That fueled the second peak in the fall.
However, without all that stimulus, there likely would never have been the second peak, and the bull run would have ended in the spring.
It’s quite likely that this bull run could end in the spring, as there will be nowhere near as much global stimulus this time around.
However, without all that stimulus, there likely would never have been the second peak, and the bull run would have ended in the spring.
It’s quite likely that this bull run could end in the spring, as there will be nowhere near as much global stimulus this time around.
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