2024

Bitcoin

when

April

<p>The post <a href="https://coinpedia.org/news/do-not-buy-bitcoin-if-you-want-to-make-a-1000x-return-heres-what-top-analysts-says/">Do Not Buy Bitcoin If You Want To Make a 1000x Return, Here’s What Top Analysts Says</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Bitcoin, the world’s largest cryptocurrency, has experienced a notable decline, dropping by 5.60% to <a href="https://markets.coinpedia.org/bitcoin/">$65,390</a> from the recent peak of $70,000. This decline reflects a shift in sentiment within the crypto market, with investors facing increasing challenges in achieving high returns.</p> 
<p>In the meantime, prominent crypto analyst SlumDOGE Millionaire has sparked a debate in the cryptocurrency community with a tweet advising against investing in Bitcoin during the current bull run. Instead, he suggests exploring alternative coins that he believes could offer 1000x profit.</p> 
<h2 class="wp-block-heading" id="h-do-not-buy-bitcoin">Do Not Buy Bitcoin</h2> 
<p>In a recent tweet, SlumDOGE Millionaire cautioned investors against purchasing Bitcoin during the ongoing bull run, claiming that the leading cryptocurrency may only provide 3x returns.&nbsp;</p> 
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   <p lang="en" dir="ltr">I don’t know who needs to hear this but if you want to make some serious money this bull run do not buy <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <br><br>Seriously – you might 3X at best.<br><br>If <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> goes go $200K, that’s about as much as you’re going to get, best bull case scenario it goes to $250K <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f937-1f3fc-200d-2642-fe0f.png" alt="🤷🏼‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Still only a 3.5X…</p>— SlumDOGE Millionaire (@ProTheDoge) <a href="https://twitter.com/ProTheDoge/status/1776059063496814913?ref_src=twsrc%5Etfw">April 5, 2024</a>
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<p>He predicts that even if <a href="https://coinpedia.org/news/bitcoin-price-rally-above-63k-experts-predict-btc-price-to-hit-200k-by-2025/">Bitcoin reaches $200,000</a> or $250,000, investors may only see a maximum return of 3.5 times their investment. As a result, he advises holders to sell their Bitcoin holdings immediately for better investment opportunities.</p> 
<h2 class="wp-block-heading" id="h-alternative-coins-for-1000x-return">Alternative Coins For 1000x Return</h2> 
<p>Instead of Bitcoin, SlumDOGE Millionaire recommends investing in alternative coins, particularly those that ranked in the top 10-15 of the cryptocurrency <a href="https://coinpedia.org/price-analysis/dogecoin-doge-price-top-analyst-sees-doge-price-poised-for-600-rally-in-coming-days/">market such as DOGE</a>, AVAX, ADA, and SOLANA, which he believes have the potential for significant gains.&nbsp;</p> 
<p>Additionally, he suggests considering meme coins like BRETT, WIF, PEPE, and FLOKI, which currently rank in the <a href="https://coinpedia.org/news/are-memecoins-the-next-big-thing-pepe-wif-and-bonk-breaking-every-new-all-time-highs/">top 10 meme coins</a> by market capitalization. However, he believe that these coins can 1000x return in this bull run.&nbsp;</p> 
<p>According to SlumDOGE Millionaire, <a href="https://coinpedia.org/price-analysis/crypto-trader-ambitious-price-predictions-top-cryptocurrency-aim-for-10-100x-surge/">investing in smaller market cap</a> coins, ranging from $10 million to $100 million, carries higher risk but also offers the potential for massive returns, possibly up to 1000x the initial investment.</p> 
<p>Also Read : <a href="https://coinpedia.org/news/xrp-unleashed-trailer-releasing-tomorrow-will-this-be-a-game-changer-for-crypto-world/">‘XRP Unleashed’ Trailer Releases Tomorrow: Here’s What to Expect!</a></p> 
<h2 class="wp-block-heading" id="h-bitcoin-to-hit-62k-if">Bitcoin To Hit $62k, IF…</h2> 
<p>Aligning with this prominent chart analyst Ali Martinez highlights Bitcoin’s 200EMA on the four-hour chart, noting its consistent role as a strong support level over recent months. Since early February, the 200EMA has acted as a formidable barrier, preventing significant downward movement in Bitcoin’s price.</p> 
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   <p lang="en" dir="ltr">The 200EMA on the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> four-hour chart has been formidable support. Since early February, it has prevented <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> from dropping further. <br><br>For this reason, I'm paying close attention to this level because if it holds, it guarantees a rebound, but if it breaks as it did in… <a href="https://t.co/cnfruT9wUJ">pic.twitter.com/cnfruT9wUJ</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1775130724133212341?ref_src=twsrc%5Etfw">April 2, 2024</a>
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<p>However, Martinez also warns of the potential consequences if the support level is breached, citing the example of mid-January when a break below the 200EMA resulted in further losses for Bitcoin.</p> 
<p>However, Martinez holds the belief that if this crucial support level is breached, Bitcoin could potentially see a downturn, with its price declining to the range of $60,000 to $62,000.</p> 
<p>While his advice may seem unconventional, SlumDOGE Millionaire’s tweet has sparked discussions about alternative investment strategies in the cryptocurrency market.&nbsp;</p> 
<p>Do You Know : <a href="https://coinpedia.org/price-analysis/crypto-analyst-warns-beware-meme-coins-amidst-bitcoins-consolidation/">Crypto Analyst Warns: Beware Meme Coins Amidst Bitcoin’s Consolidation</a></p>

Do Not Buy Bitcoin If You Want To Make a 1000x Return, Here’s What Top Analysts Says

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