Quote:
Originally Posted by dino7c
You think I am all in on Bitcoin? I have invested less than 20k...this is why I always say zoom out these aren't short term plays. Stock market is hot, I'm not selling tech stocks either anytime soon.
I don't follow your 2029 20% target for bitcoin though.
Q4 post election years have been the start of bear markets historically and they often last for about a year. I think there is a good chance the cycle is accelerated but a year or so bear market is certainly possible, maybe even likely. You are almost certainly are climbing by October at the latest. You aren't going to see those insane returns with a more mature asset but you also won't drop down to a few thousand dollars before the ride up.
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I thought it might have been a few hundred grand to a million or something. Not sure why.