Ok punters...instead of mindlessly posting every measly 1k increase...how about some targets and retrace levels? 250k-->60k? 183k---> 47k? 115k--->36k? Even if this runups to 370k which is at the top of the rainbow chart range...an 80% retrace would bring it back to 74k.
I'm currently writing scene VI of "What Happens In Vegas" starring Ken Calhoun and we need a Lamborghini for the jailbreak scene. The director thinks we have an unlimited budget, but he's wrong and I'm cheap. Did you buy one yet? PM me and maybe we can strike a deal. As a bonus... I'll make sure you get a part in scene VII as an extra at the Whiskey Pete's Brothel in Primm. I can't promise anything, but there a few older hostesses there that want to learn the ins and outs of trading. Wink, wink.
Hit my first 30x-Bagger today. 33x to be honest. Next stop... 40x On the flip side, I'm getting those spidey sense feelings from the last time shit-coins were doing this, I knew it wouldn't end well, and it didn't. But as they say... gotta dance while the music is playing. As long as the AI bubble does't pop (yet), we're ok I think until at least 2025. Inventory is sold out for Blackwells, so earnings are going to be up... AI bubble won't deflate just yet. More leverage will enter for a while longer. When we finally enter into the valley of despair after the big blow-off, I hope people remember to look back at this moment. It sure does rhyme with many repeated occurrences over the many years.
Taking a quick look right now. This is fascinating. Considering I (almost) always short all my puts INTO the money, instead of outside like a retail rookie... EVERY SINGLE ONE of my short-puts this evening has dropped O-T-M. I really would have to look back years to see this sort of thing, and not even sure I've had such an accomplishment before. The visual alone is a big reminder to me this evening how incredibly strong this bull-market is. In hindsight, I wish I had levered up even more... but alas.... risk-management!
**** not financial advice, only for entertainment purposes only **** The countdown is to $100,000/btc before midnight of 12/31/2024 so naturally I will stop the countdown if either one occurs However, bitcoin will not stop at $100,000 price, it will continue to go up forever because the fiat currencies will continuously be debased Bitcoin is a global monetary investment asset and is not a company and does not have earnings Bitcoin is a store of value asset, the best money in the history of the world The higher the bitcoin price goes in USD, the more the ones that invested in it are reassured that they have made the correct decision The bitcoin hodler community includes pension funds, wealth managers, sovereign funds, global central banks, us banks, family offices, entire countries, the psychopath hodlers, corporations like mstr and metaplanet if your target price for bitcoin is $100,000 or $200,000 and will cash out when the price is reached, congratulations on the profits However, I'll use myself as an example, if I decide to sell 1 bitcoin and plan to buy it back later, the "later" may become difficult Put another way, when Blackrock and all the other fiat wealthy cohorts acquire the bitcoin, they tend to hodl indefinitely, it's the way they invest and hold investment assets British Hodl talked about this on a youtube video over a year ago... he said Blackrock on behalf of its clients will offer us $1M for our bitcoin... then what? $1M seems like a lot, but inflation will eat up its purchasing value, so now look to invest? fiat currencies is not the exit for bitcoin... bitcoin is the exit for fiat currencies that are being debased at an accelerated rate NFA
Translation @johnarb is a clueless fanboy LOL. First of all, nobody thinks this is stopping at 100K if it hits it. Secondly, I'll see you on the 80% drawdown. According to the rainbow chart, 35k is still in play LOL. What's funny is my ROI is actually higher than Johnknobs so my "bias" to the downside is not driven by anything other than data, whereas he is driven by desperation.
Even if this hits 150k which is the min C&H target, we could be back down to 69k by April. This seems to be lacking volume compared to other runups in the past...