Bitcoin Price Thread

[Frederick Foresight]

My conservative estimate is $250k by Dec/2025

Honestly, though, there is a growing belief that $1M/btc soon (before end of year 2024). I'm also a believer, because why the fuck not

 

[themickey]

Beautiful to watch

 

[themickey]

I'm leery of Friday's breakout.
Think about it, there's a dummy breakout Friday to sucker in the ETF players, there is all weekend for price to fall, Monday get hammered?

 

[NoahA]

I'm leery of Friday's breakout.
Think about it, there's a dummy breakout Friday to sucker in the ETF players, there is all weekend for price to fall, Monday get hammered?

View attachment 332613

I hope... Need to load up more as I sold to rotate out of one ETF and into BITB... But today it's up 5%.

 

[themickey]

I hope... Need to load up more as I sold to rotate out of one ETF and into BITB... But today it's up 5%.

Yup, same here sort of, I got out a week or so ago and now sitting waiting, so I'm keen to see the end result of how crypto is heading on Sunday night.

 

[themickey]

I'm leery of Friday's breakout.
Think about it, there's a dummy breakout Friday to sucker in the ETF players, there is all weekend for price to fall, Monday get hammered?
View attachment 332613

I'm back in long again, compounding my position from last exit plus adding a tad more.

 

[semperfrosty]

CORNELL UNIVERSITY’S ROBERT S. HARRISON COLLEGE SCHOLAR PROGRAM APPROVES FIRST BITCOIN FOCUSED STUDY
The university has also officially approved the school’s first Bitcoin club, joining Generation Bitcoin’s Bitcoin Students Network.

• NIK HOFFMAN
• JAN 23, 2024

• Robert S. Harrison College Scholar Program has officially approved the first independent Bitcoin-focused study on January 11th. The pioneer behind this academic milestone is Ella Hough, a student at Cornell University, who is set to embark on a unique academic journey that is centered around Bitcoin.
  

 

[Tokenz]

Looks like a nice pump this morning into 43K with a substancial amount of volume. Could this be the start of the real bull market from the ETFs? FTX should be done with their selling by now.

 

[themickey]

I'm back in long again,

An' stopped outagin.

 

[semperfrosty]

From MarketWatch:

Adding bitcoin into your portfolio?

According to a recent study by Bitwise, a traditional portfolio consisting of 60% equities, or the Vanguard Total World Stock ETF VT and 40% bonds, represented by the Vanguard Total Bond Market ETF BND, would have seen a return of 77.6% from 2014 to 2023, with an annualized volatility of 8.6% and maximum drawdown of 22.1%.

However, if a 5% allocation in bitcoin is added, it could have boosted the portfolio’s return to about 169% for the same period, more than doubling the total return of the portfolio, according to Bitwise’s report. The additon would have only increased the portfolio’s volatility, a key measure of risk, by 1.3 percentage points, according to the report.