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Posted on 12/4/23 at 4:25 pm to WG_Dawg
quote:
so why is it (supposedly) going to take until winter of 2025 for the price to really skyrocket?
I guess a related analogy would be fed rate increases/decreases. It takes time to see results. The market has to work through some things and it takes a little while to see those results.
Posted on 12/5/23 at 11:36 am to BottomlandBrew
Attention: Chicken
I think a price-picking contest would be great to pick the closest price of Bitcoin at 23:59:59 on 12/31/2023.

I think a price-picking contest would be great to pick the closest price of Bitcoin at 23:59:59 on 12/31/2023.

Posted on 12/5/23 at 11:45 am to tigerpawl
We are already way past my guess of 40k this year. I really can not imagine what happens when the ETF is live.
At the flip of a switch, trad fi will have access to the rarest commodity to ever exist.
Could be a nothing burger or could be a historical event.
At the flip of a switch, trad fi will have access to the rarest commodity to ever exist.
Could be a nothing burger or could be a historical event.
Posted on 12/5/23 at 11:49 am to I Love Bama
quote:
I really can not imagine what happens when the ETF is live.
Mother of god.
After a while, I also think BTC dominance will get to insane levels, like 60-70%. I don't know if alts will follow BTC much, but we'll see.
Posted on 12/5/23 at 12:27 pm to I Love Bama
gotta think we continue the run up into the ETF approval, which will be a sell the news event. Then after they go live and money starts flowing in, along with the halvening, things will start to ramp back up. That is how I see it playing out at least.
Posted on 12/5/23 at 1:05 pm to thatguy777
quote:
gotta think we continue the run up into the ETF approval, which will be a sell the news event. Then after they go live and money starts flowing in, along with the halvening, things will start to ramp back up. That is how I see it playing out at least.
That a good way to look at it. I actually hope there is no pullback event though for "sell the news". There's a decent chance in my opinion that the price will just continue upward on a parabolic path since there are so many Assett Management companies in the US and abroad, plus governments that are going to be fighting for every Bitcoin that goes for sale on the exchanges, plus individuals FOMOing. Just take the Qatar Sovereign Wealth Fund as an example. It is rumored that they want to buy up to $500 billion in Bitcoin. They are going to have an almost impossible time doing that without causing the price of Bitcoin doubling from where it is now without any other buyers. So I can see Bitcoin going parabolic and once it starts it could be a long ride up with only minor dips. People, countries and Asset Management companies are likely on the verge of a major long term FOMO event.
Posted on 12/5/23 at 3:34 pm to thatguy777
quote:Pretty much exactly where my head is right now
gotta think we continue the run up into the ETF approval, which will be a sell the news event. Then after they go live and money starts flowing in, along with the halvening, things will start to ramp back up. That is how I see it playing out at least.
Posted on 12/5/23 at 3:38 pm to 98eagle
I see what you’re saying and that’s certainly possible. But they won’t be buying 500 billion at once, that would likely take a long period of time if they are prudent about it. If that even comes to fruition. I am no expert on ETF approval but I’d imagine there would be some time between approval and funds going live then those funds recruiting money in. These are all great things for bitcoin, just think it will be end of next year early 25 until things really ramp up.
I’m a long term btc bull fyi
I’m a long term btc bull fyi
Posted on 12/5/23 at 3:41 pm to I Love Bama
quote:
At the flip of a switch, trad fi will have access to the rarest commodity to ever exist.
They already do.
There are trusts, sympathy plays (miners), MSTR and spot ETFs in other countries. It’s not going to be this laser beam to $1,000,000 event. If anything the big players will work to suppress the price and short it to accumulate.
Tether needs their legs chopped off first though.
Posted on 12/5/23 at 3:44 pm to TigerDeBaiter
Let me ask this. Looking at the price over the last deace, it looks like a clear pattern of 1) halvening event every 4 years, 2) about 18 months after the halvening we're at a new ATH 3) about a year after THAT, it has massively dropped off again. I am ignorant on this...what is it that causes such an enormous pullback after the huge runup, and can we expect that to continue to happen in the future?
Posted on 12/5/23 at 4:31 pm to WG_Dawg
quote:
and can we expect that to continue to happen in the future?
You should always be mentally prepared for major pull backs and moon shots with Bitcoin.
We won't get any sort of price stability until we are well into the 6 figures.
Posted on 12/5/23 at 4:36 pm to I Love Bama
45k wick on CB. No brakes…

Posted on 12/5/23 at 7:12 pm to TigerDeBaiter
I hope they do suppress it so I can keep my monthly buy going!
Posted on 12/5/23 at 8:23 pm to BLM
Go back and look what happened after the CME futures pump to 20k
This won’t be any different IMO.
It’s still a greater fools market.
I know, maxis… hard money, you’re saving the world, etc etc. but until you do… it’s just speculation. It’s ok.
This won’t be any different IMO.
It’s still a greater fools market.
I know, maxis… hard money, you’re saving the world, etc etc. but until you do… it’s just speculation. It’s ok.

Posted on 12/5/23 at 9:08 pm to TigerTatorTots
How it started
How its going
quote:
I loaded up on MSTR calls and various miner calls with Dec 2025 expiry so I will probably sell those for a hefty profit before touching my BTC. $100k bitcoin probably means each one of my MSTR options would be worth $100k-$120k each.
quote:
I have a large chunk of calls ending December 2025 to capture the next run but I recently went pretty balls deep in RIOT/MARA calls with January 19, 2024 expiration to play the ETF pump. So far they are up about 10x what Bitcoin is up in the same time period. This is fun (until ETF is delayed further and they expire worthless)
How its going

Posted on 12/6/23 at 8:10 am to TigerTatorTots
idk what to say other than I hope you take profits from that



Posted on 12/6/23 at 9:59 am to RATeamWannabe
This. Fantastic trade.
It’s a bit crowded now. Expect them to squash premiums.
It’s a bit crowded now. Expect them to squash premiums.
Posted on 12/6/23 at 12:56 pm to RATeamWannabe
quote:I was planning on holding the Jan 2024 calls through the ETF announcement however, I was not expecting the gains to be this drastic this quickly. I do plan on taking some profits off the top at some point soon and letting the rest ride through my originally planned strategy of mid January.
idk what to say other than I hope you take profits from that
The 2025 calls are all going to ride since there is no rush there. Plenty of time for BTC to go above the current price in 2024/2025 even if there is strong macro headwinds
This post was edited on 12/6/23 at 12:57 pm
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