$BTC Bitcoin has been around for over a decade and its growth has been incredible As of December 1 2024 Bitcoins market cap stands at around $1.93 trillion with a price near $96,000 per coin These numbers show Bitcoins dominance in the cryptocurrency market Some people are still calling for Bitcoin to hit $1 million per coin but let's be realistic here For BTC to reach that price its market cap would exceed $21 trillion which isn't feasible given current market conditions and adoption rates
Bitcoin remains the leading cryptocurrency due to its security network effect and store of value characteristics However its scalability transaction speed and energy consumption are areas where it faces challenges compared to newer blockchains like Ethereum Solana and others These blockchains offer faster transactions and better scalability which are crucial for mass adoption and real world use cases
If you're holding Bitcoin its still a solid investment but the best returns might come from diversifying into altcoins that offer more advanced technology and solutions for the future Stick with Bitcoin for the long term hedge but don't overlook the potential of $ETH $SOL and others
🚨 BREAKING NEWS 🚨 Alts are stretching their legs like it's leg day! We’ve got a MACD bullish crossover in the house, folks! This magical moment last appeared in 2016, 2020, and now, 2024! Get your popcorn ready —looks like #AltSeasonComing son is about to get spicy! $SOL
With the #AltcoinSeasonIndex at just 15/100, it’s still Bitcoin’s game for now. Altcoins may underperform, so focusing on BTC or stablecoins could be a safer play. #BitcoinDominance
Crypto market showing fear with a #FearGreedIndex of 34. 🛑 While BTC dominance is strong at 56%, trading volume is down by 52%. Time for cautious accumulation or waiting for a better entry? #bitcoin☀️
Pause for a moment and take a look at the chart 📈 The greatest Bull Run in history is already underway. Back in 2020, I invested in $SOL and $FTM before they skyrocketed 150x. Here’s my list of 100x low-cap picks I’m accumulating for the 2024 Bull Run 👇
Bitcoin ETFs offer easier investing through existing brokerages and potentially more security, but come with fees and less control. Buying Bitcoin directly offers potential cost savings and full control, but requires managing your own security and navigating a less regulated market.
New investors or those with security concerns might prefer ETFs. Those seeking lower fees and more control, or long-term investors, might favor direct ownership. Do your research before choosing!
The phases of a bull run typically unfold as follows: BTC surge > ETH surge > high cap altcoins surge > low cap altcoins surge > meme coin surge.
However, this cycle was somewhat unique, with meme coins surging earlier than usual. Currently, liquidity is flowing back into $BTC , indicating that $ETH will follow next, then high cap altcoins, and finally low cap altcoins.
This suggests that now is an ideal time to invest in low cap altcoins, as they are at the market's bottom. $BTC $ETH $DOGE
The Floki community has spoken! Their DAO (Decentralized Autonomous Organization) just overwhelmingly approved the burning of a massive 15.24 billion FLOKI tokens.
That's a 99.84% vote in favor of reducing the total number of FLOKI tokens in circulation. The tokens will be burned within a week.
"Where's the 100X Altseason and Retail Investors? In this hyper-bullish cycle, volume remains low, with no sudden 50% pumps or explosive sentiment, even on Twitter. Where's retail?
"Bitcoin's Bullish Breakout: Key Resistance Levels and Indicators Signal a Potential Rally"
The Daily Chart: The price has been confined within a descending channel for two months without breaking out. A recent false breakout at the lower boundary suggests potential recovery. The Relative Strength Index (RSI) is nearing the 50% threshold, indicating a possible shift to bullish momentum. The midline of the descending channel is a key resistance level to watch for a rally.
The 4-Hour Chart: On the 4-hour chart, the price has consistently tested the $60,000 support level. An inverse head and shoulders pattern is forming, with the neckline at $63,500. A breakout above this level could trigger a rally towards $68,000 and beyond in the short term.
Bitcoin Short-Term Holder SOPR: Bitcoin's price has undergone a gradual correction, largely due to profit realization. The Short-Term Holder Spent Output Profit Ratio (STH SOPR) has dropped from record highs, indicating significant profit-taking by short-term holders. The STH SOPR is now around one, suggesting weak hands have exited the market, potentially setting the stage for a new rally.
$BTC 5 of the wildest Bitcoin predictions by experts:
Fiat Killer: Max Kaiser, an outspoken Bitcoin proponent, predicted Bitcoin would replace fiat currencies entirely. Imagine a world with no dollars or euros!
Million Dollar Mark: John McAfee, the antivirus software pioneer (with a colorful history), once claimed Bitcoin would hit a million bucks by 2020. That didn't quite happen...
Global Reserve Currency: Mike Novogratz, a Galaxy Digital executive, believes Bitcoin could become a global reserve currency alongside gold. Hold onto your gold bars, folks
Bubble or Revolution?: PlanB, a pseudonymous analyst, uses a stock-to-flow model predicting a Bitcoin price of $1 million by 2025. This model is complex and some find it far-fetched.
Moon Math: Anthony Pompliano, a Morgan Creek Capital founder, predicts Bitcoin will reach $100,000 by 2024 (interestingly, close to the current date!). While some agree, it's still a bold claim.