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Getbig Main Boards => Gossip & Opinions => Topic started by: obsidian on November 08, 2021, 03:32:20 PM
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Ethereum is now at $4,807! Bitcoin moving up even more at $67,642!
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What’s another good coin to grab?
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What’s another good coin to grab?
Bitcoins and Ethereums. Then Bitcoin and Ethereum ;D
Seriously I would look at Solana, Cardano, Decentraland. Probably won't hurt grabbing a little Shiba and Doge and HEX. But those are volatile. If you can buy a big dip it could be worth it. I will probably get some Shiba in the future just to play around with. I think Bitcoin and ETH still have a ways to go up. I plan on getting some Bitcoin in the future if there are signs that we have reached the top. Bitcoin is the most stable of cryptos in a bear market. But with all the dollar printing there is no way of knowing when we reach a top.
If the SEC / XRP resolves favorably look for that to go up in value quite a bit. I still have hopes for IOTA. They had many setbacks the past few years but the project has shown some progress lately. However IOTA has been a disappointment. I have not sold my 2018 tokens though.
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Inflation concerns are fueling cryptos and other assets.
https://news.yahoo.com/ethereum-hits-high-bitcoin-nears-130845652.html
Bitcoin neared a record high and ethereum reached a fresh all-time peak on Monday amid continued fears about inflation.
Ethereum, the world’s second biggest crypto token, was up 2.8% to $4,739 by 12.50pm in London. It had been as high as $4,761 earlier in the day.
Bitcoin was 6.3% higher at $65,949. The all-time high for the cryptocurrency is $66,930.
Tokens were advancing on Monday amid continued fears about inflation around the world. The Bank of England warned last week that inflation was set to peak at 5% early next year and the market expects official data due in the US on Wednesday to show inflation running at 5.3% in October.
Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said the recent rise for cryptocurrencies was “fuelled by expectations that the era of cheap money looks set to hang around for longer, while inflation is expected to keep ticking up.”
Bitcoin has an inbuilt limit to the number of coins that can ever be in circulation, which leads some investors to view it as a hedge against inflation. Soaring prices this year and continued loose monetary policy have led investors to pile in to bitcoin this year, making it the best performing asset so far this year. Bitcoin is up 111% since the start of the year, Bank of America said on Friday, outpacing the 71% gain for oil.
“The recent surge in the crypto asset partly seems to have been caused by investors piling in, seeing it as a hedge against inflation,” Streeter said. “Some appear to have been enticed by the argument that the huge monetary stimulus programmes unleashed by central bank is fuelling inflation which will see the value of money decrease over time, whereas Bitcoin has a fixed limit on the number of coins which can be created.”
The surge in bitcoin and ethereum supported prices in the wider sector. The global value of cryptocurrencies is up 3.9% to $2.86tn over the last 24 hours, according to data provider CoinMarketCap.com.
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What’s another good coin to grab?
Ethereum and Bitcoin should be your only choices at this point, unless you really have some money to risk. Just like the boom and collapse of the .com's in the early 2000's. Bitcoin and Ethereum could likely be the last men standing when the dust settles. This is simply because they have different goals. Bitcoin has the main goal of being a digital currency with a limited supply, like Gold. But Ethereum is basically using the crypto to create a software network, doing applications and contracts facilitated by Ethers or whatever their coin is called.
Things like Litecoin compete directly with Bitcoin, with the advantage of being faster and more supply, but really is like silver with Bitcoin being Gold. Not likely to compete with Bitcoin.
So for crypto being used as reserve, Bitcoin is the boss. And Ethereum is best for contracts or services facilitated by Ethers or whatever their coin is called.
If you want to speculate, look at the cryptocurrencies that have some sort of unique function. Like reduced transaction fees for larger transactions, as Coinbase is really cranking up the fees on transactions. And it's a percentage, almost 3% per transaction for Coinbase. So Stellar Lumens(XLM) is great for really big transactions, especially international one's as you get very low fees AND near immediate conversion to any currency around the world.
But if it's just straight reserve currency, Bitcoin. If it's some sort of crypto service, for contracts, applications, etc its Ethereum.
The rest are knock offs essentially, promising some sort of unique advantage that we have no idea how it will be accepted. Kind of like Pets.com in the dot.com boom. "Hey, for pet lovers a unique website with just pet shit". Some people got rich but then the crash, as the business model was fucked. Are you really paying shipping on some big ass pet carrier or cat stand you can get at Petco? And people like going to the store with their pet, returning things their pet doesn't like, etc.
So think about what each crypto is offering as each has a unique target market and proposed function. But some will not be here in a few years. Only use money you are willing to lose for any other speculation. It's like Vegas.
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8-10k this year.
:D
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8-10k this year.
:D
Maybe sooner than we think. The triple halfing has not been priced in so far. Because people are not aware of how the tokenomics changes after the merge. The inflation rate will dramatically go down, making ETH more scarce.
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Time to revive this thread?
ETH at $4,240. Hopefully we see $5,000 this time around. It's been a bumpy fucking road, and perhaps premature. Let's see what happens - lmao!
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Adjusted for inflation, the previous ATH of approximately $4800 would be closer to $6000 today.
It's not a question of if ETH will break previous ATH's, but when.
ETH is in a completely different position compared to 2021: there's now regularity clarity, a pro-crypto US administration, the GENIUS Act for stablecoins, several major ETH treasury companies, and Wall Street showing interest in tokenized real-world assets.
ETH now has 13 treasury companies and 67 entities making up a Strategic Ethereum Reserve. The top 4 treasury companies have outlined plans to buy billions of dollars worth of ETH. And this is excluding the ETF's, of which Blackrock is now pushing to have staking approved by the SEC, which would mean an ETF providing yield.
Stablecoins will become more mainstream and used for online purchases and will probably be used by banks as well. Wall Street is looking into tokenisation of stocks and 24 hour trading.
I think the price of ETH has the potential to go a lot higher.
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New local high of $4,315. Correcting a bit now. LFG!
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IVD Medical Holding Limited Launches Global Ethereum Vault to Enhance Medical Innovation
IVD Medical Holding Limited has announced the establishment of a global enhanced Ethereum vault as part of its strategic upgrade.
This initiative aims to integrate the Ethereum ecosystem into their operations, enhancing the efficiency of medical innovative drug research and development.
By designating Ethereum as a core reserve asset, the company seeks to improve capital flow, asset turnover, and risk hedging, aligning with the global trend of institutional cryptocurrency asset allocation.
This move is expected to revolutionize the capital efficiency and globalization process of the medical innovative drugs industry, creating value for ecosystem participants.
https://www.msn.com/en-us/money/markets/ivd-medical-holding-limited-launches-global-ethereum-vault-to-enhance-medical-innovation/ar-AA1KfPVe
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Time to revive this thread?
ETH at $4,240. Hopefully we see $5,000 this time around. It's been a bumpy fucking road, and perhaps premature. Let's see what happens - lmao!
Fingers crossed 🤞
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Strategic ETH Reserve now over $15 billion.
https://www.strategicethreserve.xyz/
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New record ETH ETF daily inflow today of more than $1 billion. The BTC ETF saw $178.1 million inflows by comparison. ETH playing catchup.
https://farside.co.uk/eth/
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New local high of $4,620.16
Getting close to the 2021 ATH.
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NEW ATH 4,637!!! Let’s get back the .06 ratio between bitcoin!
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Oh boy
I've been holding 9 eth for a long time. Looking good.
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NEW ATH 4,637!!! Let’s get back the .06 ratio between bitcoin!
That's not the new ATH. The 2021 ATH was close to $4,900. Reference Yahoo Finance's historical data.
Coinranking has this listed:
$ 4,896.88 (Nov 10, 2021)
https://coinranking.com/coin/razxDUgYGNAdQ+ethereum-eth
ETH did hit a new ATH market cap though, because the ETH supply was less in 2021 - before the burn and POS.
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https://ethflation.com/
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ETH over $4700.
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ETH over $4700.
I was just going to post this. I'm going to remove the ? from the title if it hits $5k officially.
Solana pumping very nicely.
Another $523.9 million ETH ETF inflows yesterday.
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New ATH of $4887 on Binance.
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New ATH of $4887.
Not yet.
https://coinranking.com/coin/razxDUgYGNAdQ+ethereum-eth
$ 4,896.88 (Nov 10, 2021)
https://coinmarketcap.com/currencies/ethereum/
$4,891.70 (Nov 16, 2021)
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Not yet.
https://coinranking.com/coin/razxDUgYGNAdQ+ethereum-eth
$ 4,896.88 (Nov 10, 2021)
https://coinmarketcap.com/currencies/ethereum/
$4,891.70 (Nov 16, 2021)
According to Binance it's a new ATH, previous was $4878 (and they're by far the largest crypto exchange globally). It's also the amount recognised by Etherealize.
Might vary by exchanges, some smaller ones could be different. Adjusted for inflation it would be higher, approximately $5800.
New ATH being celebrated on X.
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According to Binance it's a new ATH, previous was $4878 (and they're by far the largest crypto exchange globally). It's also the amount recognised by Etherealize.
Might vary by exchanges, some smaller ones could be different. Adjusted for inflation it would be higher, approximately $5800.
New ATH being celebrated on X.
Got it. I was curious why so many people mentioned a new ATH. Smaller exchanges often have lower liquidity, so it’s likely ETH briefly traded at those higher 2021 values shown in the two links I shared.
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Fastest asset in history to reach $500 billion:
(https://pbs.twimg.com/media/GzDG6T9bgAA6jlC?format=jpg&name=large)
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The leverage wipe candle just now was brutal, but it's a good sign that everything is about to send hard.
Sol over Eth right now though
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Strategic ETH Reserve now over $20 billion.
ETF Reserve almost $31 billion.
https://www.strategicethreserve.xyz/
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"Professional investors are skipping Bitcoin entirely and going all in on ETH."
Bitwise CIO, Matt Hougan
- $ETH ETFs are seeing 10X the inflows of $BTC ETFs
- ETH ETFs pulled in $4B this month alone, that’s $50B annualized
- Since August, ETH had more inflows, BTC had outflows
- People are skipping Bitcoin entirely and going all in on ETH
- Professional investors like the tokenization story, the stablecoin story, the cashflow story of ETH
- Ethereum fits a professional investor framework
- "I spoke with a multibillion dollar advisor, they didn’t love Bitcoin, but decided to go all in on ETH ETFs”
https://x.com/i/status/1961063027337290170
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Bitcoin whale moves another $1.1 billion of BTC and resumes ETH purchases
"A whale holding over $5 billion of BTC is currently buying ETH," Arkham Intelligence posted to X on Friday. "He just moved $1.1 billion of BTC to a new wallet and has started purchasing ETH through Hyperunit/HL. ."This whale bought $2.5 billion of ETH last week, and he’s still buying.
The cryptocurrency market appears to have been, at least partly, influenced by billions of dollars rotating from BTC to ETH, with the price of bitcoin down 8% over the last month as compared to ether, which is up by 14%. Additionally, interest in spot Ethereum-based ETFs has surged. U.S. ETH ETFs look as they are about to post $4 billion in net inflows for August, which would be their second-largest monthly haul.
https://www.theblock.co/post/368784/bitcoin-whale-moves-another-1-1-billion-of-btc-and-resumes-eth-purchases
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The ETH Exchange Reserve has dropped below 17.8 million - a 13.6% decrease from the 20.6 million supply in late April - after ETH's dramatic crash.
https://cryptoquant.com/asset/eth/chart/exchange-flows/exchange-reserve?exchange=all_exchange&window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=line&from=1724976000000&to=1756598399999&img=link%2F68b211dace3e0c7280dc5362.png
BTC's Exchange Reserve also dropped from 2.8 million in April to 2.5 million in late August - a 10.7% decrease.
https://cryptoquant.com/asset/btc/chart/exchange-flows/exchange-reserve?exchange=all_exchange&window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=line&from=1724976000000&to=1756598399999&img=link%2F68b212c6ff47c52ba0ab22f0.png
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EU Eyes Ethereum and Solana for Digital Euro in Race Against US Stablecoins
The European Union is speeding up efforts to roll out a digital euro and is now seriously considering public blockchain networks like Ethereum and Solana for its foundation.
This marks a significant pivot away from private blockchain models, such as China’s CBDC, as Europe seeks to maintain control over its financial system and avoid overreliance on foreign digital currencies.
Officials within the EU now see the digital euro as essential to defending the euro’s role in both global markets and internal financial systems. A prototype is expected in 2025, with implementation discussions still ongoing.
The move comes shortly after the United States passed the GENIUS Act, a law offering clear regulatory guidelines for dollar-pegged stablecoins. Backed by strong federal support, including a signature from President Trump, the law gives US-issued digital currencies a significant edge globally.
US stablecoins, primarily those issued on Ethereum, now account for 98 percent of the $160 billion global stablecoin market, sparking serious concerns among European regulators.
https://coinlaw.io/eu-digital-euro-ethereum-solana/
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Tether Mints $1 Billion USDT on Ethereum as Stablecoin Flows Surge
Tether Treasury minted 1 billion USDT on the Ethereum blockchain on 20 Aug 2025, blockchain-tracking services showed
https://thedefiant.io/news/blockchains/tether-mints-1-billion-usdt-on-ethereum-stablecoin-flows-surge-dd5788c1
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EU Eyes Ethereum and Solana for Digital Euro in Race Against US Stablecoins
The European Union is speeding up efforts to roll out a digital euro and is now seriously considering public blockchain networks like Ethereum and Solana for its foundation.
This marks a significant pivot away from private blockchain models, such as China’s CBDC, as Europe seeks to maintain control over its financial system and avoid overreliance on foreign digital currencies.
Officials within the EU now see the digital euro as essential to defending the euro’s role in both global markets and internal financial systems. A prototype is expected in 2025, with implementation discussions still ongoing.
The move comes shortly after the United States passed the GENIUS Act, a law offering clear regulatory guidelines for dollar-pegged stablecoins. Backed by strong federal support, including a signature from President Trump, the law gives US-issued digital currencies a significant edge globally.
US stablecoins, primarily those issued on Ethereum, now account for 98 percent of the $160 billion global stablecoin market, sparking serious concerns among European regulators.
https://coinlaw.io/eu-digital-euro-ethereum-solana/
What do you think of Tether, Circle and Google developing their own L1 chains, and not using the public chains like Ethereum, Solana, Tron, Avalanche, etc.?
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What do you think of Tether, Circle and Google developing their own L1 chains, and not using the public chains like Ethereum, Solana, Tron, Avalanche, etc.?
Ethereum is a Layer 1 which is decentralised, permissionless, credibly neutral, secure and reliable with 100% uptime.
A privately-owned company could seize or freeze your funds or block transactions like a bank if they wanted, or if told to by governments.
No one can shut-down or censor the Ethereum network, it was even created using 5 different coding languages to increase decentralisation.
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Strategic ETH Reserve now at almost $23.5 Billion.
ETF Reserve at $31.7 Billion.
Jack Ma-linked Yunfeng Financial has acquired ETH for its corporate treasury as part of a 'long-term investment to support its expansion into Web3 and the tokenization of real-world assets.'
Ethero becomes the first French and European company to create an Ethereum Treasury.
ETH price currently over $4,720.
https://www.strategicethreserve.xyz/