Would you believe it if I told you I am less bearish?

[infofront]

Ryan is a bull?
I rage quit the internet man.  

lol, reread the first line

Don't! As an accumulator, I am always bearish on price. Even as I ride on the back of a dirty bull.

I am by no means a bull, at least not by what this forum considers a bull. No need to quit, man! Shit just got interesting

It seems contradictory to me that you can believe we're at the beginning of wave III and not be a bull.

[1714537214]

1714537214

[1714537214]

1714537214

[YuginKadoya]

This chart could take on and on to speculate but it can surely have a significance in making assumption on how the way bitcoin value would go in the future by looking on this, and I think there is a certain chart like this that have been speculated that in the year 2024 the value of bitcoin would reach $10,000 mark value and we could surely see the price reaching it's peak.

[SkRRJyTC]

Much respect RyN

[whaawh]

This chart could take on and on to speculate but it can surely have a significance in making assumption on how the way bitcoin value would go in the future by looking on this, and I think there is a certain chart like this that have been speculated that in the year 2024 the value of bitcoin would reach $10,000 mark value and we could surely see the price reaching it's peak.

The fact is that the forecasts for today there are quite a lot And I even heard that 100,000 dollars by 2024 is not the last boundary. I think that Bitcoin is very active. It will rise for the next 10 years, but I do not think it's worth mentioning the numbers.

[The Sceptical Chymist]

I can't decide if we're going higher in the long term--5 years or so is long term for me--or if this is totally a bubble.  I do think bitcoin is going mainstream,  and all the media articles are facilitating this.  But I've been hedging my bets and assuaging my doubts by buying some precious metals with bitcoin.  I don't trust this market not to crash, and I'd like to preserve what little capital I have invested.   I'm not a rich guy, and I hate losing money.

Also, I don't trust charts either.   Not in the stock market and not in crypto either.

[Syke]

A monthly chart shows where we'd be if we had a monthly candle similar to the November 2013 candle. 480% rise in a month.

Best to discount that month a bit. Willybot faked a significant portion of that growth.

[jjacob]

I can't decide if we're going higher in the long term--5 years or so is long term for me--or if this is totally a bubble.  I do think bitcoin is going mainstream,  and all the media articles are facilitating this.  But I've been hedging my bets and assuaging my doubts by buying some precious metals with bitcoin.  I don't trust this market not to crash, and I'd like to preserve what little capital I have invested.   I'm not a rich guy, and I hate losing money.

Also, I don't trust charts either.   Not in the stock market and not in crypto either.

5 years is a life time in the crypto world. You would have a block reward halving plus multiple cycles before that.
I definitely feel holding bitcoins for the long term should be profitable. But they should definitely be a small part of your portfolio, something which needn't be hedged.

[RyNinDaCleM]

Update to the "what if we had a monthly candle like November 2013?" question.


now reaching $25k. Come on, bulls, lets get the show on the road! Only 2 weeks left! 

[RyNinDaCleM]

End of the year blowout. Lets do this!  


Yes, that's 58k now

[btc4lifer]

End of the year blowout. Lets do this!  
https://i.imgur.com/IoYzWBT.png

Yes, that's 58k now

i have my asks set. lets do this 

[RyNinDaCleM]

4 years later. All 5-digit numbers mentioned in this thread have been hit, and still without that crazy monthly candle. I'm not about to post a new chart showing a 400% candle from here, but I will make mention of some of the low ball valuations posted here were long...LONG overshot... and in half the time.  
Keep on keeping on!

b4l, you my homie! 

[darkangelosme]

It is very annoying to think about charts like that dude, for me i'll just follow the basic rules of buy when low and sell when high, but it is more better if you study the history of the coin that you'll going to invest like what you are doing to avoid any kinds of loses.

[adaseb]

I started reading the thread, then I noticed you were talking about master luc, then I checked the date and didn’t realize it’s an old thread. Speaking of masterluc , how is he doing? Haven’t heard about him in ages. I remember his predictions were always spot on.

Now the only old timer that still posts is that guy posting the stock to flow model and how BTC is going to hit $98K in Dec and something like peaking at $250K this cycle sometime later this year.

[TheEconomists]

I can't decide if we're going higher in the long term--5 years or so is long term for me--or if this is totally a bubble.  I do think bitcoin is going mainstream,  and all the media articles are facilitating this.  But I've been hedging my bets and assuaging my doubts by buying some precious metals with bitcoin.  I don't trust this market not to crash, and I'd like to preserve what little capital I have invested.   I'm not a rich guy, and I hate losing money.

Also, I don't trust charts either.   Not in the stock market and not in crypto either.

I don't think any serious rich person will be here making weekly post for weekly pay almost everyone here are out to make ends meet. Bitcoin price is not meant be steadily increasing that one should a mind the he or she will keep holding. That is happening to Bitcoin price increase is as a result of more adoption and it is limited in supply, time will eventually come when it will going down seriously.

[darkangelosme]

I am also i believe that this year will be bullrun cause simple Bitcoin is increasing year by year and we must think like an investor if we want sure profit and if you are a trader you must accept that there is a big risk of losing your money.

[palle11]

I am also i believe that this year will be bullrun cause simple Bitcoin is increasing year by year and we must think like an investor if we want sure profit and if you are a trader you must accept that there is a big risk of losing your money.

Being an investor should not matter to bitcoin or to the direction of where price is going or will go. We have to look within the chart to analyse and not being sentimental . The market isn't based on sentiment, at most we can speculate still with the studying of chart. Thinking like an investor is not practical but acting base on bitcoin activity is practical.

[adaseb]

I am also i believe that this year will be bullrun cause simple Bitcoin is increasing year by year and we must think like an investor if we want sure profit and if you are a trader you must accept that there is a big risk of losing your money.

This is not always true. Not every trader loses money and not every investor makes money. Look at the stock market for example. Sure the people who invested in the popular stocks like AAPL, AMZN, TSLA made good money because these typically are breaking ATH after ATH however look at how many stocks there are that are trading now at huge losses.

Remember how big Zoom was during the pandemic? I think it almost hit $600 a share and yesterday it broke $200. And same with Peleton, it hit like $80 and now it’s worth less than half. These people who bought are investors and all lost money.

[sana54210]

This is not always true. Not every trader loses money and not every investor makes money. Look at the stock market for example. Sure the people who invested in the popular stocks like AAPL, AMZN, TSLA made good money because these typically are breaking ATH after ATH however look at how many stocks there are that are trading now at huge losses.

Remember how big Zoom was during the pandemic? I think it almost hit $600 a share and yesterday it broke $200. And same with Peleton, it hit like $80 and now it’s worth less than half. These people who bought are investors and all lost money.

I have seen many people who ended up losing over long term as well, because they invested into things that didn't make sense. It does happen in the crypto world and it happens in stock or other things as well. However if we were to talk about bitcoin then no long term person could possibly lose money looking at the historical chart. If you are losing money by being long term, then you are not long term enough.

I can see that as long as you hold bitcoin long enough, that means you are going to profit from it, it is also true  for some of the top coins like ETH and BNB as well. However there are "long term" people who sell when they see a crash, and those people are not true long term investors, they are just short term investors who convinced themselves they are long term because they didn't sell for like 3 months. That is still short term to me, long term starts with few years and goes above, you can't be long term and hold "months".