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I have officially passed 5 years in the crypto space - what I have learned and did right and wrong- I kinda got a foolproof 10 to 20% return on trading
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Here I agree, I see a dip evolving right now. BUT the techs lead to believe the bull will remain for many more MONTHS. This is also something everyone on their own need to look into the different time periods short and long and using varied Technicals analysts tools and trends to find and overlap the idea to make sure you entering or exiting or have stop loss and take profits and UPDATE the Stop LOSS regularly when in PROFIT to make for a stop loss ABOVE buy price or below sell price so you “Cant” loose. Note you MUST remember STOP LOSS drops close SLOWER and have much greater margins of loss from time it closes where profit take profits if it VOLATILITY goes up you should get even MORE than your Take Profit and same if it goes up slow to your take profit it will stop closer to the TP price set. Sorry hope you understand. There is a lot at play here right now. Remember 2021 and institutions were like yes let’s advertise crypto.com on major sports UFC soccer if all.. that’s NOT gone it’s more active than ever and will be pumped and funneled money while the smaller YouTubers and Influencers pump money into advertising the markets and what not for commissions and referrals etc. This season WONT be as short of a BULL run than last. Using the “4 year sections from halvings” is GOOD sometimes. But this year IS DIFFERENT. Look at all the growth in the area the space of crypto current and global adoption and the fact people will now KNOW or many will be READY NOT TO SELL OUT QUICK on LONG TERM holdings OR THEY DO AND THEY GO STABLE AND RE BUY AT BOTTOM AND RIDE IT UP AGAIN. Heck even short it if your positive. None of this is FINACIAL ADVICE. I am not a finacial advisor and you make your own trades and decisions. Enjoy the people who have owners crypto and have told parents to buy and get hated on go show them your balance and the % increase tell them $BTC is the 13th LARGEST currency GLOBALLY. Beating the Russian Ruple? Whatever it’s called. Yep wait for top 10! Tell them 13 years ago this coin was worth $0.04 when large institutions took it up and made it more “real” before this it was traded and shared at prices below $0.04 USD far to as cheap as $0.005 is what I know is a price it was at before this is speciation unless you have legit screen proof or video proof. Idk I wasn’t there.. sadly. Anyhow. Te your parents and show them make them proud using crypto!! Become a Millionaire in a year or less heck one guy did it 48 hours many do it in 7 days many more in 30 days.. millions more in 365 days. Stay strong follow the projects with good leaders and ideas that solve things and work well with others!
Ignorance isn’t an excuse. If you don’t have 100+ to your name you should’ve be in a risk on asset. Having an unstable financial base leads to selling Bitcoin at inopportune times. Correct advice is have a STABLE financial base with an emergency fund and extra cash BEFORE buying Bitcoin
You have no idea what will happen to Bitcoin in the next few years. It may go up, it may go down. It's not going to the moon or anything. Keep it where it is. Take some of it, maybe buy an index fund. Something STABLE. DO. NOT. GAMBLE. YOUR 401K.
When people are fed up with inflation. And corruption bitcoin with its limited supply will be the ONLY STABLE THING.
I'll call it "mainstream" when it is somewhere close to the top 10 currencies for market cap. Right now it is number 29. The highest it's ever been was around 18th place. If it can get more stable in the top 10-15, If Bitcoin will 6X its market cap and stay there as an AVERAGE price (not ATH), then it should be in the top 10 at that point. So, when it is STABLE above roughly $160K per BTC, then it will be able to claim to be in the top 10 Currencies per market cap. If BTC wants to take the lead as number 1, then it will need to 76x it's current price (technically 75.868x). So, basically, when BTC gets to over $2Million per BTC, then it will be the number one CURRENCY in the world per market cap. Keep in mind, that doesn't take into account all the other assets, etc, just the currency market cap. But yes, it's virtually inevitable to go mainstream in the coming years, no more than a couple of decades, but maybe as soon as a few years. It can be hard to predict because there are so many variables involved, but the trajectory seems pretty certain. You may not see or feel all the fiat and inflation issues as extreme in the US or traditionally Western countries as much as others in South America, Africa, and even India are feeling the pain, but people are starting to get desperate. The world is adopting BTC comparatively FAST for a completely new technology compared to others in the past.
That is my prediction as well, and I guessed the $60k top accurately last time too (years in advance). Personally I think it will hit $101k for marketing reasons but just for a day / hour. However, I did F UP big time not selling more at $65k. I sold maybe 25%, and rebought around $40k. I should have sold 75%. Regardless. For this cycle, I am predicting a $20k to $45k bouncing between now and March (I think $45k by Dec, then $20k February, then $45k April, then $101k Dec peak - with a stabilizing around $45k in coming years). I predict this will be the final 'super cycle'. Previous peak trough was $200 to $20,000 (100x), then $3,000 to $60,000 (20x), and this one is likely going to be $15k to $90k (6x). 2027 bear market will probably bottom near $45k. Which is to say: Bears : $300 -> $3,000 (10x) -> $15,000 (5x) -> $45,000 (3x). Or 70% Off Peak -> 70% Off Peak -> 50% Off Peak 2028 to 2032 I predict mining fees to exceed the block reward reduction. Which is to say fees to go from 0.5 BTC today to 2 BTC per block 2028. Which is to say Miners will continuously earn more BTC per block vs cyclical - and even more if price appreciates - and once miners are 'perpetually profitable' the bull / bear market will end. So Dec 2024 you could see $101k BTC Dec 2025 $70k BTC Dec 2026 $45k BTC Dec 2027 $90k BTC Dec 2028 $180k BTC Dec 2029 $150k BTC Dec 2030 $180k BTC Dec 2031 $220k BTC and so on (growing roughly 25% / year). This might be the 'weakest' BTC cycle in terms of new Billions added to the market cap. But this is also likely to be the weakest cycle ever, while still 5x from trough to peak, meaning a great long term and STABLE investment, which is ideally what we want. Last cycle, when I was peaking and prepped to sell, I started in on Clubhouse BTC chat groups that were 100% convinced to 'sell your furniture' to buy BTC at $60k and sell at $300k... and to take out option contract that pay nothing if BTC less than $300k.. That was foolish. This time I'm selling round $90k. Like 30 to 70%. I do have LOTS of options contracts that pay 5x if BTC $90k by Dec. I plan to sell most of these around June, and keep the rest for 'super moon' lol :D We will see!!!! :D PS - I was super lucky last cycle and did the only 'cefi' that didn't go Bankrupt (Nexo). I nearly lost everything had I gone with a different group. Now I am mostly MSTR options or self custody coin.... GOOD LUCK EVERYONE! Now is a happy, happy time!!! :D
Other STABLE COINS (like usdt)
and the price of CRO remains STABLE