journey
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๐๐๐ $400 to $532K: Tracing #Bitcoinโs #journey and S2F Forecasts
Starting their Bitcoin journey in 2015 with a purchase at $400, an investor reflects on the evolving trajectory of the digital currency. In 2019, amidst skepticism, the investor authored an article using the Stock-to-Flow (S2F) model, predicting a $55k valuation for Bitcoin when it was around $4,000. Despite facing skepticism, Bitcoin has since witnessed a tenfold increase, reaching approximately $40k, validating the earlier S2F prediction.
Looking ahead, the current S2F model forecasts an even more ambitious target of $532k for Bitcoin post the 2024 halving event. Scheduled to reduce mining rewards and increase scarcity, the halving may impact Bitcoin's value. The investor's journey and Bitcoin's unpredictable trajectory highlight the volatile nature of the #cryptocurrency market. While the S2F model offers a framework based on scarcity, critics argue that market dynamics are too complex for a single metric.
As the 2024 halving approaches, the cryptocurrency community awaits to see if the S2F model's bold prediction materializes. Whether Bitcoin reaches the forecasted $532k or not, its journey from a niche investment to a major financial asset underscores its growing impact and acceptance.
Source - cryptonewsland.com
#CryptoNews๐๐ฐ๐ซ #BinanceSquare $BTC
Starting their Bitcoin journey in 2015 with a purchase at $400, an investor reflects on the evolving trajectory of the digital currency. In 2019, amidst skepticism, the investor authored an article using the Stock-to-Flow (S2F) model, predicting a $55k valuation for Bitcoin when it was around $4,000. Despite facing skepticism, Bitcoin has since witnessed a tenfold increase, reaching approximately $40k, validating the earlier S2F prediction.
Looking ahead, the current S2F model forecasts an even more ambitious target of $532k for Bitcoin post the 2024 halving event. Scheduled to reduce mining rewards and increase scarcity, the halving may impact Bitcoin's value. The investor's journey and Bitcoin's unpredictable trajectory highlight the volatile nature of the #cryptocurrency market. While the S2F model offers a framework based on scarcity, critics argue that market dynamics are too complex for a single metric.
As the 2024 halving approaches, the cryptocurrency community awaits to see if the S2F model's bold prediction materializes. Whether Bitcoin reaches the forecasted $532k or not, its journey from a niche investment to a major financial asset underscores its growing impact and acceptance.
Source - cryptonewsland.com
#CryptoNews๐๐ฐ๐ซ #BinanceSquare $BTC
From Pixels to Pips: A Gamer's Journey into Crypto Trading
Hey folks! A lifelong gamer who stumbled into the wild world of forex trading back in 2016. Life threw some curveballs, and I had to hit pause on trading for a bit. From game testing to SEO management and WordPress wizardry, my journey was a rollercoaster of pixels and codes.Then came the Covid lockdowns, and in the midst of it all, I discovered the fascinating realm of cryptocurrency. Crypto quickly became my new obsession, blending my love for gaming with the thrill of trading.Now, as I kick off this blog, expect some real talk about the psychology behind both gaming and trading. They're more connected than you might think, and I've got stories to prove it.Stick around for more tales from the trenches, insights into trading psychology, and a peek into the crypto universe. Buckle up, it's gonna be a ride where pixels meet pips! ๐#Write2Earn #journey #binanacesquare #TrendingTopic
#render after some research done i came up with a dream entry price.
This is a #journey we will take together. I will share everything with you.
Not a degenerate degen who doesnโt have a clue. Or a good internet connection ๐ or simply 5$.
Be aware of what you read in the #square donโt trust anyone your money. In the market you are alone. Everybody is your enemy when you enter the market
This is a #journey we will take together. I will share everything with you.
Not a degenerate degen who doesnโt have a clue. Or a good internet connection ๐ or simply 5$.
Be aware of what you read in the #square donโt trust anyone your money. In the market you are alone. Everybody is your enemy when you enter the market
#Hello folks!
Today is the first day of our journey from a mere 100 dollars to 100k dollars, trading in a degenerate way, praying to the gods of fortune, as we try to learn and grow alongside our portfolio and not blow it all up in a single trade. You know exatcly what I mean. Yeah you do.๐
We kick it off with a humble 5x levaraged trade on $AGLD
Price was lookin really bullish towards prior resistance zone, we entered at a nice lil comfortable entry on a 1min chart with a fixed 10 percent TP, and 5 percent SL.
We nicked 10 percent, trade 1 out of 1 successful. We are off to a good start, lets get this party started!
What do we do now? Give this degen some crypto setups to keep an eye out for scalp, and feel free to drop your strategy bellow and well give it a whirl as well!
#daily #degen #journey #bags #riches
Today is the first day of our journey from a mere 100 dollars to 100k dollars, trading in a degenerate way, praying to the gods of fortune, as we try to learn and grow alongside our portfolio and not blow it all up in a single trade. You know exatcly what I mean. Yeah you do.๐
We kick it off with a humble 5x levaraged trade on $AGLD
Price was lookin really bullish towards prior resistance zone, we entered at a nice lil comfortable entry on a 1min chart with a fixed 10 percent TP, and 5 percent SL.
We nicked 10 percent, trade 1 out of 1 successful. We are off to a good start, lets get this party started!
What do we do now? Give this degen some crypto setups to keep an eye out for scalp, and feel free to drop your strategy bellow and well give it a whirl as well!
#daily #degen #journey #bags #riches
