Posted on 02/18/2024 7:17:00 PM PST by NoLibZone
The big question is when it will drop to $15,000 again.
FR Crypto Ping List!
The big question is, when will the US dollar collapse and be replaced by BRICS?
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.
Oct of 2025
80 weeks past halving is the peak.
Sell.
Re enter at lower.
Bitcoin typically peaks 80 weeks post halving
Bitcoin may peak Oct of 2025
From this youtuber:
Kevin Svenson
it’s not an investment...
Bitcoin was over $60,000 just a few years back.
I doubt it will. That was the bottom of the bear market this past time. The bottom and the top during a bull market for Bitcoin (and all of crypto) is higher each time. For example, during the 2015 bull market $21k was the top of the bull market. $67K was the top last time and $15K was the bottom about a year and a half ago
Neither were Tulips, internet stocks. But that did not stop them from rising to crazy highs.
pump and dump, baby, pump and dump!
If the $US collapses Bitcoin will go to infinity.
From the Wall Street Journal ;
https://www.wsj.com/articles/bitcoin-what-to-know-before-investing-11613498045
Bitcoin is the bet that the government control on the value of the dollar is falling.
That’s true. But if the $US dollar collapses, valuing Bitcoin in US dollars doesn’t tell you much.
What’s the value of Bitcoin in Zimbabwe dollars ?
BTC in Zimbabwe “dollars”: 1 BTC = 652,436,000 ZWL
https://www.xe.com/currencycharts/?from=BTC&to=ZWL
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.
Brics is a debating society that can’t possibly support a sound currency, because none of the Brics countries trust each other to physically hold the gold. As I have noted in the past, the only way Brics could ever support a sound currency is if the “s” in Brics meant Switzerland.
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