[RetiredTexasVet]

The big question is when it will drop to $15,000 again.

[aMorePerfectUnion]

FR Crypto Ping List!

[EnderWiggin1970]

So far the 4-year pattern has held remarkably well. I'd expect to see more front-running that will distort the pattern, but in practice it's only pulled in the cycle a few months at most.

If the cycle holds, there will be a dip (sell the news) when the halving happens this spring - followed by the strongest part of the bull run through the rest of this year and well into 2025 when it peaks in a frenzy somewhere well into 6 digits. Followed by a pullback that could take it back into 5 figures again (I rather doubt we'll ever be seeing $15K again).

The biggest threat to the cycle IMO would be macroeconomic factors. Until recently I expected a loosening monetary policy and dropping interest rates to coincide nicely with the strongest portion of the bull run. Now it looks like inflation may be reigniting, which will result in tighter monetary policy. That means less money floating around for people to invest, which translates into less fiat being traded for Bitcoin.

Still, that would have to be an extreme effect to counter the inflows we are now seeing from ETF investors. And since many investors will dollar-cost average over time, I expect to see some moderation in bitcoin price swings going forward.

[Chode]

it’s not an investment...

[Bobbyvotes]

Bitcoin was over $60,000 just a few years back.

[linMcHlp]

Bitcoin is a crypto-token, not currency.

Tokens are collectibles, from the perspective of collectors who value collecting such tokens.

In tough times, the value of most things decline, but relative to each other, some decline at slower rates.

“The trick” with assets, is to choose those that may deline at the relatively slower rates.

Inflation: Back in the 1970’s - 1980’s, the story was, that silver and gold offered some protection: that is, preserving assets. And, prices increased.

In contrast, over the last 3 years especially, of significant inflation, the prices of silver and gold have remained in a range - when compared to the prices of, say, October 2020.

[PGalt]

Thanks for posting.

[zeestephen]

Trading at $52,365 as I write this...

4:40 AM (PST)

[Wuli]

It’s a rigged market based on nothing of value or worth.

[LS]

I got a crypto that has risen 10fold. If it just goes up to $60, I can finance my own movies

[GunRunner]

My favorite part of FR Bitcoin threads are when they devolve into finger-waving rants about semantics.

”You know Bitcoin is really just X.”

I love it when mid people try to sound smart.