Bitcoin Price Prediction

[99call]

On 11/10/2024 at 5:30 AM, cnov said:

That's funny, I'm certain that's a phrase that's been used about your account at times too@99call 🤣

There are certainly some dubious shouts here but Crypto has been killing it, BTC is $79k right now.

Wow!  I don't even get a lengthy ban, I go straight to the chair. Charming 😂😂😂 

Forgive my frustration. Hugely naïve I know, I just miss a time when people (in the UK at least) actually got paid a decent wage, and didn't have to resort to grim speculative side hussles.

[ha_banos]

There's something going on here about the dollar led order. I've no idea what it is. But the indicator is the money supply and the US debt. Oil too? And I've no idea where we are going with gold. 

Which govt holds the most BTC? Why Trump's of course.

https://treasuries.bitbo.io/countries/

 

[ha_banos]

56 minutes ago, 99call said:

Wow!  I don't even get a lengthy ban, I do straight the chair. Charming 😂😂😂 

Forgive my frustration. Hugely naïve I know, I just miss a time when people (in the UK at least) actually got paid a decent wage, and didn't have to resort to grim speculative side hussles.

My dad had a simple job. A tailor. Worked for another then by himself for some years. Wasn't easy. But he still paid off his mortgage before me. He never invested. I've only just started. It's been this way for a long time. It is getting worse and accelerating.

[El Presidente]

38 minutes ago, ha_banos said:

There's something going on here about the dollar led order. I've no idea what it is. But the indicator is the money supply and the US debt. Oil too? And I've no idea where we are going with gold. 

Which govt holds the most BTC? Why Trump's of course.

https://treasuries.bitbo.io/countries/

 

 

IMHO, we are in a sliding doors moment. 

Just trying not to get my fingers caught in the close. 

[VeguerosMAN]

14 hours ago, loose_axle said:

Wouldn't be surprised if it hit $100k in the next year, and a general rise in crypto, especially with Elon Musk now on board with the Trump administration. 

Probably will hit 100k this year. And alt and meme coins will follow and will melt faces...more gains with smaller market caps.

[cnov]

3 hours ago, 99call said:

Wow!  I don't even get a lengthy ban, I do straight the chair. Charming 😂😂😂 

Forgive my frustration. Hugely naïve I know, I just miss a time when people (in the UK at least) actually got paid a decent wage, and didn't have to resort to grim speculative side hussles.

Unfortunately the time of decent wages doesn't appear to be coming back anytime soon, inflation has gone too far for too long while wages haven't kept pace.

We should be teaching kids about investing sooner, I remember saving for my first house, took ages and house prices kept going north while my savings amassed slowly. Had in known about a stocks and shares ISA I'd have probably made my life a touch easier.

I think Bitcoin has proven itself to be an investment at this point, alt coins are certainly a wild west but Bitcoin has been the investment of this century, it would be hard to argue otherwise.

[JoeyBones777]

5 hours ago, VeguerosMAN said:

Probably will hit 100k this year. And alt and meme coins will follow and will melt faces...more gains with smaller market caps 

Bitcoin dominance chart is breaking down. Alt coins will do significantly better % wise than Bitcoin and it won't even be close. That is my prediction and where I put my money in this market.

[Namisgr11]

8 hours ago, ha_banos said:

There's something going on here about the dollar led order. I've no idea what it is. But the indicator is the money supply and the US debt. Oil too? And I've no idea where we are going with gold. 

The US Treasury holds $2 trillion fewer assets now than it did in 2022 when inflation was sky high and the recovery from the pandemic was in early days. The M2 money supply reached a peak in 2021.

As for gold, it seems to be inversely tracking the USD lately, with the most recent price drop coinciding with gains in the dollar against most major currencies.

Finally, commenting on oil: the price of crude has dropped substantially in the world market as the Saudis and OPEC have not been able to come to agreement cutting production.

So I'm not getting what you're suggesting might be going on here.  

[Dr Process]

I don’t always buy bitcoin, but when I do, I buy high.  

Stay foolish (just not the greater), my friends.  

😂
 

 

[VeguerosMAN]

On 11/11/2024 at 4:49 AM, JoeyBones777 said:

Bitcoin dominance chart is breaking down. Alt coins will do significantly better % wise than Bitcoin and it won't even be close. That is my prediction and where I put my money in this market.

BTC will never do 10x this cycle. The real money is at ALT which can do 10x to 1000x if you play your cards right.

[cnov]

22 hours ago, VeguerosMAN said:

BTC will never do 10x this cycle. The real money is at ALT which can do 10x to 1000x if you play your cards right.

You should probably advise the uninitiated that these ALT coins will go to zero when the crypto market turns.

Bitcoin certainly won't do a 10x but the bottom won't be as savage and in terms of comparing to the likes of the S&P, the returns will still be spectacular. BTC 18% up in a week, which is a good year for the S&P.

Worth remembering that there are probably a lot of people here that haven't the slightest clue about crypto. If you're going to give advice, can't hurt to give a little warning or indication of when to get out.

If the stock market goes tits up, I think this bull run could be over.

[El Presidente]

11 hours ago, cnov said:

You should probably advise the uninitiated that these ALT coins will go to zero when the crypto market turns.

Bitcoin certainly won't do a 10x but the bottom won't be as savage and in terms of comparing to the likes of the S&P, the returns will still be spectacular. BTC 18% up in a week, which is a good year for the S&P.

Worth remembering that there are probably a lot of people here that haven't the slightest clue about crypto. If you're going to give advice, can't hurt to give a little warning or indication of when to get out.

If the stock market goes tits up, I think this bull run could be over.

 

[cnov]

Sounds like a solid 20x opportunity.

[Namisgr11]

22 hours ago, VeguerosMAN said:

BTC will never do 10x this cycle. The real money is at ALT which can do 10x to 1000x if you play your cards right.

Less reward also comes with less risk - important for those of us who are retired and elderly, and so don't have time to let the 'long-term' benefits of certain asset classes come to fruition.

[VeguerosMAN]

11 hours ago, cnov said:

You should probably advise the uninitiated that these ALT coins will go to zero when the crypto market turns.

Bitcoin certainly won't do a 10x but the bottom won't be as savage and in terms of comparing to the likes of the S&P, the returns will still be spectacular. BTC 18% up in a week, which is a good year for the S&P.

Worth remembering that there are probably a lot of people here that haven't the slightest clue about crypto. If you're going to give advice, can't hurt to give a little warning or indication of when to get out.

If the stock market goes tits up, I think this bull run could be over.

When I say alt coins, I am talking about reputable coins that have survived pump and dump. I am not suggesting anyone to buy alt coins by any means. Coins like ETH, BNB, even Doge etc etc are considered alt coins and I am safe to say that they won't go to ZERO. Also, BTC isn't as safe as you might think as it went to 15k in 2022 from its all time high at 65k in 2021 ( that's a big crash). Once BTC dominance goes down, it's ALT season whether you agree or not and the returns are a lot higher with the same risk as BTC ( once again, I am not talking about rugged coins that's out there in crypto space).

[cnov]

6 hours ago, VeguerosMAN said:

When I say alt coins, I am talking about reputable coins that have survived pump and dump. I am not suggesting anyone to buy alt coins by any means. Coins like ETH, BNB, even Doge etc etc are considered alt coins and I am safe to say that they won't go to ZERO. Also, BTC isn't as safe as you might think as it went to 15k in 2022 from its all time high at 65k in 2021 ( that's a big crash). Once BTC dominance goes down, it's ALT season whether you agree or not and the returns are a lot higher with the same risk as BTC ( once again, I am not talking about rugged coins that's out there in crypto space).

I absolutely don't doubt that there are greater returns in alts but 1000x alts aren't guaranteed to be around next run.

That was a big drop for sure, but where was it the run before? It's all relative isn't it. Even if you cock up a run and hold the bag, BTC will surpass where it was last run. There's no guarantee with alts. BNB, ETH and DOGE have all stood the test of time and stand a good chance of bouncing for sure, but there are alts that just don't return to a fraction of where they were.

[BrightonCorgi]

I'd love to see DOGE hit $10.

[VeguerosMAN]

4 hours ago, cnov said:

I absolutely don't doubt that there are greater returns in alts but 1000x alts aren't guaranteed to be around next run.

That was a big drop for sure, but where was it the run before? It's all relative isn't it. Even if you cock up a run and hold the bag, BTC will surpass where it was last run. There's no guarantee with alts. BNB, ETH and DOGE have all stood the test of time and stand a good chance of bouncing for sure, but there are alts that just don't return to a fraction of where they were.

Of course not. Not ALL Alts going to make it. I would say there are 99% shit coins out there that will just disappear whether BTC is at 100k or at 10k. But if you are just getting into Crypto, BTC is not the one you should get into at this level in my opinion. I would just hold everything and just take profits at this point and buy back once it settles down, but then again FOMO is an addictive drug. 

4 hours ago, BrightonCorgi said:

I'd love to see DOGE hit $10.

If history repeats itself like the last cycle- the level you should watch for Doge is $4 to $20. Anything is possible with Elon on board. 

[BrightonCorgi]

3 hours ago, VeguerosMAN said:

If history repeats itself like the last cycle- the level you should watch for Doge is $4 to $20. Anything is possible with Elon on board. 

That Bentley or Aston convertible looks a lot closer than it did a few weeks ago.  

[cnov]

3 hours ago, VeguerosMAN said:

Of course not. Not ALL Alts going to make it. I would say there are 99% shit coins out there that will just disappear whether BTC is at 100k or at 10k. But if you are just getting into Crypto, BTC is not the one you should get into at this level in my opinion. I would just hold everything and just take profits at this point and buy back once it settles down, but then again FOMO is an addictive drug. 

When do you think it'll calm down?

When do you expect the market peak?

[VeguerosMAN]

2 hours ago, cnov said:

When do you think it'll calm down?

When do you expect the market peak?

The Bull Run usually lasts for 6 months - so until next May. I don't know when it will calm down though but there should be major dips while they are moving up. But then again this cycle could be different than any other cycles since Musk, RFK JR  and the US govt  want to make crypto as mainstream. 

[ha_banos]

2 hours ago, VeguerosMAN said:

The Bull Run usually lasts for 6 months - so until next May. I don't know when it will calm down though but there should be major dips while they are moving up. But then again this cycle could be different than any other cycles since Musk, RFK JR  and the US govt  want to make crypto as mainstream.

Don't forget BlackRock, Fidelity etc al. So soon to be selling to their clientele.

[Chitmo]

$0….. I don’t invest in anything so volatile. 

[Chibearsv]

30 minutes ago, Chitmo said:

$0….. I don’t invest in anything so volatile. 

I do, they've got 4 legs and run about 40 MPH. At least I call it an investment. 🤔

[ha_banos]

24 minutes ago, Chitmo said:

$0….. I don’t invest in anything so volatile. 

Well it ain't so risky if you take out your initial investment!