Bitcoins - about to hit $5,000 per coin today!

[obsidian]

lmao!

[Griffith]

Ethereum had a low price of 42 cents in 2015. The current price is $1,603 / 0.42 = 3,816.66 * $20,000 = $76,333,333 or over $76 million. And that 20K would have been worth over 233 million at Ethereum's ATH price of around $4,900.

People get all excited when Bitcoin moves $1,000, $2,000 or even $5,000. When the price is $30,000 a $5k move is a 16.66% increase.

For Ethereum, a similar move would take it from $1,603 to around $1,870. Only $267 up. Does not sounds as impressive as a $5K increase but it yields the same profit if the same amount of money was invested.

But I agree that Bitcoin will probably front-run Ethereum in the foreseeable future, as it did in 2017 and 2020.

Yes, that is to be expected.

Part of the cycle, then it moves towards ETH, smaller caps, micro caps and finally meme coins which usually marks the end of the cycle.

[Flexacon]

Well, I'm not much of a fan of technical indicators, but it would pretty obvious that on basic technical alone we are on an upward phase and through the last bear cycle.

Beyond that there are many major drivers at play which are super bullish for BTC demand.

-Conflict in various parts of the world leading to a demand for assets which are fixed in supply, easily divisible, and transferable across boarders.

-Inflation in many parts of the world, devaluing fiat currencies at a noticeable rate.

-Increasing education and awareness among our citizens as to why a global, uncensorable, uncorruptable, secure, digital, store of value and money, perfectly limited in supply, and decentralized, is so so important into the future we are heading.
 
-Numerous US BTC ETF's poised for approval for some of the largest funds in the world, which will result in hundreds of Billions of fund inflows into this asset class.

-Increasing understand and regulatory and technical and philosophical and economic understanding as to the difference betwen Bitcoin and "cryptos".

- The 2024 halvening due in around 6 months.

-The increasingly obviousness that the US will (and has almost no choice but to) embark on greater money printing than ever before.

-Ai increasingly making use of BTC as a base layer store of value.

-Countries globally looking to increase income taxes.

...all of which, when you combine with even just a slight increase of demand for this very unique limited in supply  asset class, will lead to a MASSIVE upward movement once FOMO takes hold (which will gradually build up and then abruptly take hold and explode in a positive loop upward price cycle).

Oh, and major financial players coming out strongly in support of Bitcoin as the supreme asset class, different and better than all others. Here is a good example, an interview with Fidelity.

These are all great reasons to buy, but these are still just "narratives" to bring in new money and there is nothing wrong with that. However there hasn't been much "bull market" type buying since Jan-Feb of this year.

It's been a sideways market since then with the pumps that appear to come from TrueUSD printing which are minted out of thin air. You get the narrative, you then get the TrueUSD print and pump, then you get the slow dump. My guess it's an attempt to bring in FOMO money and so far it's not really been working.

Remember I told you the regional bank crisis pump was just narrative/scam pump, I told you spot ETFs would initially be a scam pump. I was right both those time. I believe this is also a scam pump as it also looks to be TrueUSD led. Let's see if I'm right again and we get BTC price dropping back to the mid 25k and potentially lower.

[Mayday]

November dump back to 20k.

Once equities move below 4,200 you’ll see it rollover.

I’ve been very patient waiting for this one.

[obsidian]

November dump back to 20k.

Once equities move below 4,200 you’ll see it rollover.

I’ve been very patient waiting for this one.

So you're waiting for BTC to dump to $20K before you get back in?

[Board_SHERIF]

Bitcoin is still a thing ?? did anyone make money on this ?

[Mayday]

So you're waiting for BTC to dump to $20K before you get back in?

I have long term positions already. 

I kept some aside specifically for November to see if I am right on Both equities and crypto.

Entered at 17.5k in 2022. I’ve had a sell off event in Q4 2023 for ages which I narrowed to November and equities driven.

[French]

full Solana for me, purchased between $10 and $19.
It will replace Ethereum which is expensive, slow and limited. it combines all layers in one.

[obsidian]

full Solana for me, purchased between $10 and $19.
It will replace Ethereum which is expensive, slow and limited. it combines all layers in one.

Solana is more centralized which is why it is faster. But it has had numerous outages these past few years.

https://www.coindesk.com/tech/2023/02/28/solana-developers-say-reason-for-network-outage-still-unclear/

"Solana developers said Monday the reason for a network-wide outage over the weekend was still unclear but investigations are ongoing."

“Root cause is still unknown and under active investigation,” developers added.

The problems that started as sluggish transaction processing spiraled into a near complete shutdown of activity on Solana, validators and developers told CoinDesk over the weekend.

Regardless, I think Solana could do very well.

Regarding Ethereum, the Matic L2 is faster than Solana. Matic can handle 65,000 TPS. The Optimism L2 can handle 5,000 TPS. Solana handles around 5,000 TPS, and in testing reached 65,000 TPS. But in real-world transactions, it probably will choke and shut down as it did in the past if it tried to handle that much.

There are still numerous upgrades slated for Ethereum that could increase the overall TPS to 100,000. Vitalik thinks Ethereum will eventually scale to 1 million TPS. Not sure if that includes the entire L2 system.

In the future, the integration between L1 and L2 will be seamless and easy to use.

There's been talk of making Ethereum a Solana L2. And Solana an Ethereum L2, Haha!

https://decrypt.co/147100/solana-co-founder-says-ethereum-could-be-layer-2-sol

[obsidian]

I have long term positions already. 

I kept some aside specifically for November to see if I am right on Both equities and crypto.

Entered at 17.5k in 2022. I’ve had a sell off event in Q4 2023 for ages which I narrowed to November and equities driven.

Bitcoin is finally above $30K!

[gib]

November dump back to 20k.

Once equities move below 4,200 you’ll see it rollover.

I’ve been very patient waiting for this one.

You think it will drop to 20K???

Wow, will i wish that would happen. I would be loading up the truck at that point. (And that's the problem - many others would, will before it ever hit that price).

As a perfectly limited asset and the ultimate global store of value, BTC price is a pure function of supply and demand. For the reasons I mentioned I see demand far far outstripping supply over the next year, leading to an upward price squeeze which then feeds on itself. We have see this exact set-up before (which is what prompted me to make my earlier post).

For me, I continue just to HODL and nibble away slowly stacking sats and always having buy orders sitting at 5% below current price to try to catch short term down-swings.

[Theoak*]

full Solana for me, purchased between $10 and $19.
It will replace Ethereum which is expensive, slow and limited. it combines all layers in one.

Solana is extremely  promising the network hasn't  been down since February...

[gib]

Solana is extremely  promising the network hasn't  been down since February...

As opposed to Bitcoin, whose network "hasn't been down" ever ...

Put your efforts into Bitcoin young Jedi. United we stand, united we thrive...

[Mayday]

You think it will drop to 20K???

Wow, will i wish that would happen. I would be loading up the truck at that point. (And that's the problem - many others would, will before it ever hit that price).

As a perfectly limited asset and the ultimate global store of value, BTC price is a pure function of supply and demand. For the reasons I mentioned I see demand far far outstripping supply over the next year, leading to an upward price squeeze which then feeds on itself. We have see this exact set-up before (which is what prompted me to make my earlier post).

For me, I continue just to HODL and nibble away slowly stacking sats and always having buy orders sitting at 5% below current price to try to catch short term down-swings.

Yes I think it will sell off. November is the danger window in my numbers so I’ll keep waiting.

Im sticking to my own plan.

[affeman]

Solana is extremely  promising the network hasn't  been down since February...

Yep, extremely promising since it came down from 260 to 20....

[gib]

Yep, extremely promising since it came down from 260 to 20....

HAHHAHHAHHHAHHAHA, what a comment

[gib]

Bitcoin is still a thing ?? did anyone make money on this ?

Fiat is still a thing? What we know for certain is that every single person who has held cash has lost value over time.

[gib]

Yes I think it will sell off. November is the danger window in my numbers so I’ll keep waiting.

Im sticking to my own plan.

I think its quite possible we will see a sell off in US equities at this time. However, I don't agree with the second part of the thesis, that BTC will come down also. Rather i see BTC frontrunning the inevitable easing of conditions which will be expected after a stock decline, being the lowering of interest rates and more money printing. The market cap of BTC is so small compared to equities such that the cash moving from equities into BTC as a safe haven will lead to a surge in BTC demand and hence price.

I do wish you luck though. I would be so happy for another opportunity to buy more BTC at a good price.

[Theoak*]

Yep, extremely promising since it came down from 260 to 20....

Yeah Solana is, please tell me any other coin that's shut down 11 times and still going?If you're ever going to bet the farm and put all  your eggs in one basket, it's Solana.

I've sold all my btc and gone in, not missing out on  the next 100x.

Solana is the Eth killer we deserve and need.

[gib]

Yeah Solana is, please tell me any other coin that's shut down 11 times and still going?If you're ever going to bet the farm and put all  your eggs in one basket, it's Solana.

I've sold all my btc and gone in, not missing out on  the next 100x.

Solana is the Eth killer we deserve and need.

The human desire to gamble never ceases to amaze me.

The odds of BTC growing 10x over the next few years are pretty good.

The odds of Solana (or pick your favorite "alt" with a "good story) growing 100x over the next few years is virtually zero (although of the infinite number of alts there of course will be some). Yet there always seems to be one more fool willing to part with his money on the hope that he backed the correct dark horse and found a diamond in the rough.

If you really want a 100xer to bet on, I would suggest FileCoin. I don't really see that as a crypto currency but more as a genuine utility token. But again, united we stand, divided we get diluted. We all collectively succeed if we are Bitcoin maxies, and meanwhile, the biggest beneficiary of any alt is the issuer who is trying to syphon off BTC value by getting you to believe in a scam project. Please don't fall into this trap.

[Theoak*]

The human desire to gamble never ceases to amaze me.

The odds of BTC growing 10x over the next few years are pretty good.

The odds of Solana (or pick your favorite "alt" with a "good story) growing 100x over the next few years is virtually zero (although of the infinite number of alts there of course will be some). Yet there always seems to be one more fool willing to part with his money on the hope that he backed the correct dark horse and found a diamond in the rough.

If you really want a 100xer to bet on, I would suggest FileCoin. I don't really see that as a crypto currency but more as a genuine utility token. But again, united we stand, divided we get diluted. We all collectively succeed if we are Bitcoin maxies, and meanwhile, the biggest beneficiary of any alt is the issuer who is trying to syphon off BTC value by getting you to believe in a scam project. Please don't fall into this trap.

lol

[obsidian]

The human desire to gamble never ceases to amaze me.

The odds of BTC growing 10x over the next few years are pretty good.

The odds of Solana (or pick your favorite "alt" with a "good story) growing 100x over the next few years is virtually zero (although of the infinite number of alts there of course will be some). Yet there always seems to be one more fool willing to part with his money on the hope that he backed the correct dark horse and found a diamond in the rough.

If you really want a 100xer to bet on, I would suggest FileCoin. I don't really see that as a crypto currency but more as a genuine utility token. But again, united we stand, divided we get diluted. We all collectively succeed if we are Bitcoin maxies, and meanwhile, the biggest beneficiary of any alt is the issuer who is trying to syphon off BTC value by getting you to believe in a scam project. Please don't fall into this trap.

I like watching Ivan Tech. He sees the coming bull run peaking later in 2025. He mentions that bigger market cap coins will see diminishing returns compared to previous bull cycles. Bitcoin did a 20x from 2014 - 2017 and then a +/- 3.5x from 2017-2021. He reckons BTC could reach at least $100,000 in 2025, or maybe sooner. But he does not see it going to $300,000 or $400,000 in this bull run.

Here are his targets:

BTC: $100,000 for sure
ETH: $12,000 minimum (At least a 3X from previous ATH)
BNB: $2,000 (10x maybe)
XRP: Will be happy if it goes to previous ATH of $3
SOL: Not sure if it can go past previous ATH of $259. Thinks it could easily go to $100.

[deadz]

Bitcoin is still a thing ?? did anyone make money on this ?

LOL yea right let me go drop a million on bit crap.

[Theoak*]

I like watching Ivan Tech. He sees the coming bull run peaking later in 2025. He mentions that bigger market cap coins will see diminishing returns compared to previous bull cycles. Bitcoin did a 20x from 2014 - 2017 and then a +/- 3.5x from 2017-2021. He reckons BTC could reach at least $100,000 in 2025, or maybe sooner. But he does not see it going to $300,000 or $400,000 in this bull run.

Here are his targets:

BTC: $100,000 for sure
ETH: $12,000 minimum (At least a 3X from previous ATH)
BNB: $2,000 (10x maybe)
XRP: Will be happy if it goes to previous ATH of $3
SOL: Not sure if it can go past previous ATH of $259. Thinks it could easily go to $100.

I wouldn't lend credence to this pump and dump shitcoiner. Guy was exposed long ago in those schemes and went on a deleting frenzy trying to cover his tracks.

Didn't he also say bitcoin  can't go up with interest rates above 3%

In terms of price, couldn't care about the other coins , if BTC ETF gets approved then the issuers are going to need a ton of btc tp satisfy consumer demand over the next 12-24 months. That will be interesting to see.

SOL only got to 259 because of that fraudster SBF pumping its bags, him and his cronies. Was also trying to artificially keep the price of btc under 20k. Once these shenanigans stop you will start to see big numbers.

[obsidian]

I wouldn't lend credence to this pump and dump shitcoiner. Guy was exposed long ago in those schemes and went on a deleting frenzy trying to cover his tracks.

Didn't he also say bitcoin  can't go up with interest rates above 3%

In terms of price, couldn't care about the other coins , if BTC ETF gets approved then the issuers are going to need a ton of btc tp satisfy consumer demand over the next 12-24 months. That will be interesting to see.

SOL only got to 259 because of that fraudster SBF pumping its bags, him and his cronies. Was also trying to artificially keep the price of btc under 20k. Once these shenanigans stop you will start to see big numbers.

He actually knows something about programming. There's a tutorial of him creating a blockchain on youtube. I also recall him pumping crypto in  2020 and early 2021 and then turning bearish later in the year. And the market did go south shortly after. So he has to get credit for spotting the trend in the crypto market.

I really don't see BTC being the only crypto that thrives. The world is a big place. Not everyone is going to go into BTC. There's room for other blockchains. And applications that BTC is not suited for.  The reality is smaller market-cap coins will outperform BTC in a bull run. They will dump much harder but also go up more. If BTC now goes up $5,000 it's only a 15% increase at $33,000. It sounds impressive, but a newbie investing $10,000 will only have a profit of $1,500. For BTC to make a 10x gain from here on out it needs to go to $330,000.

Doge just needs to go from 6 cents to 60 cents for a 10X. Doge's ATH was 75 cents. If Elon adds Doge to X/Twitter it could certainly reach the previous ATH and beyond. $1 Doge might be possible. Doge is sitting at 6.6 cents right now. That's a 15X. That $10,000 becomes $150,000.