Bitcoin will hit over $100k/btc this year imho There's no more FTX selling stolen bitcoins to crash and suppress the bitcoin price The leveraged centralized crypto lending firms are all bankrupt (i.e. Genesis, Voyager, BlockFi, Celsius, Gemini Earn and others) that were "lending" out the customers' bitcoins and cryptos to Wall Street HF and traders who shorted the f*ck out of the Bitcoin bull market to crash and suppress the bitcoin price There's little supply on the exchanges. The US govt selling 10k bitcoins did very little to stop the bitcoin price upward move. The US govt still has another 40k bitcoins to sell, hope they dump them soon so they got no more And the real Bitcoin bull market will happen after the halvening in 2024, who knows, maybe we hit $1M/btc on this bull market cycle around 2025 Stay humble and stack sats, crypto fam nfa
No, it will not. BTC and NDX are correlated. BTC to reach 100K would mean NDX to reach 25K at least. That is not in the cards by year end.
There is still the Mt.Gox coins that are a big unknown, but I'm with you... the future is looking very bright! The only other worry I have is a market crash. Its of course an unknown if it will crash, but I don't think the economy is healthy, and apparently when the Fed starts to cut rates, that is when crashes start. So a dip is highly possible, and I'm super eager for one as I have too much buying still left to do. If I wasn't so bearish on the economy I would have piled in already, but I do expect some sort of market reaction. If bitcoin follows the market down, that would be great, and if detaches from a dropping market and instead rallies, well, too bad for me, but even better for bitcoin.
I'm not too worried about the Mt Gox coins, these are OG bitcoiners so I doubt they are very anxious to convert their precious bitcoins for fiat currency that's programmed to debase I also think there will be a market crash as Powell will continue to raise rates and cause a severe recession, at least this is the gist of a theory from Jim Bianco Bitcoin currently has the lowest correlation to the stock market 0.2 but if the market crashes, could affect bitcoin but only on the short term. Actually think it could benefit Bitcoin as it becomes a safe haven asset
I'm hoping that btc will escape the crash, but even if btc crashes along with the tech stocks, btc will recover much much harder when the money printers go brr before eoy
Bitcoin has been on an up and down trading range of about 15% and most of the cryptos are like that, but... The meme coins sector of the cryptos ecosystem has been doing very well This sector heat map occurred during the crypto bull market of 2021, i.e. blockchain gaming, NFT, Layer 1 tokens, DeFi tokens and meme coins Prolly nothing... But Pepe has been up over 400% since the quoted post above. I got in at a lower price and added during a price dip, so been doing even better for me $7.2k to $40k m2m plus put a little bit of the Pepe coins to a yield farm that is estimated to generate over $2k/week per defillama I have not closed the position since Pepe could be the next Shiba or Doge and if it happens, the current ROI of m2m over 600% roi will move another 1,500-5000% from this current level There is no leverage on this position That is why we do cryptos, we don't tick-f*ck like in equities trading, we go for degen asymmetric risk reward
The massive moves in Shib and Doge occurred during a full blown bull market which is not the case, currently There's only a small chance, but I'm willing to take a chance Time-wise, it could take another 1 to 2 years for the parabolic top to hit, this is due to the Bitcoin halvening that is about a year from now
Pepe on a 50% dip from the top... FOMC today could spark some fireworks up or down I added last night at xxxxx098xx level, and put it all on the Uniswap LP yield farm, over 2% yield/day. The rewards can be compounded, I haven't decided if I will compound or just let it accumulate