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

[unreasonablereasons]

one of you smart guys tell me if NEGG will go up over time

[Theoak*]

Dominance moving up to a point where last time it signalled a brief top.

With all 100x more token and NFT projects available the market is heavily diluted so I’d be surprised if we actually get to 60.

You guys beginning to sound euphoric but it would be funny if we ran straight to 76k early 2024 and it died in the ass for another 4yrs.

The last dominance move up took 577 days which if repeated takes us out to July 2024.

Suggesting the top of the next bull run is 9% higher the top of last bull run? Given that there is no Do Kwon, DCG, SBF, CZ and a whole host of other shitcoin casinos and nefarious actors trying to suppress the price.?

[Flexacon]

Dominance moving up to a point where last time it signalled a brief top.

With all 100x more token and NFT projects available the market is heavily diluted so I’d be surprised if we actually get to 60.

You guys beginning to sound euphoric but it would be funny if we ran straight to 76k early 2024 and it died in the ass for another 4yrs.

The last dominance move up took 577 days which if repeated takes us out to July 2024.

Dominance looks like it's repeating the 2018/19 run and rising with rates/until cuts. Cuts will probably the tentative sell point for me so March 2024, although I wouldn't be surprised if Jan 31 ended up being the first cut.

[Flexacon]

ETH  continuing to bounce hard here off ethbtc support lows would also track the above as this also happened 2018/19.

May 2019 ETH broke to the upside of a rising wedge exactly 4 months after rates peaked. It is now exactly 4 months since rates peaked and ETH is now close to breaking out to the upside of another rising wedge.

[Mayday]

Suggesting the top of the next bull run is 9% higher the top of last bull run? Given that there is no Do Kwon, DCG, SBF, CZ and a whole host of other shitcoin casinos and nefarious actors trying to suppress the price.?

Yes. I had estimated 55k peak for the last run until I listened to gurus saying 200k+. I have 76k this time. I also bought at 17.5k so at least left to my own devices I can see the entry/exit better than anyone I have listened to. Hence I’m following my own advice this time instead of last time.

The space is far from cleansed.

eUSD launches in 2024 which means stablecoins are on the hit list this time around. All those yielding in stables is what will cause the collapse IMO. It’ll rinse the shit out of everything stables go and Blackrock will have their ETF launched at the right time.

I have BTC on a solid run post 2030.

[gib]

eUSD launches in 2024 which means stablecoins are on the hit list this time around. All those yielding in stables is what will cause the collapse IMO. It’ll rinse the shit out of everything stables go and Blackrock will have their ETF launched at the right time.

I have BTC on a solid run post 2030.

Bear in mind also that once the global powers that be of finance are aligned around Bitcoin, which is about to happen, they will all be highly incentivized to support the crackdown on shitcoins and shitcoin exchanges. Again, another reason to be very weary of shiny new things in the shitcoin space such as Solana not to mention scams from the prior cycle such as XRP.

Head down, ignore the noise, solidly stacking sats and hodling will serve us very well over time, even though it means missing out on some exciting shitcoinery along the way...

[affeman]

ETH is making BTC it's lil bitch right now

[a_pupil]

ETH is making BTC it's lil bitch right now

Incoming wall of text from Gib

[Flexacon]

ETH is making BTC it's lil bitch right now

Which expert did you hear this from because this is a horrible take on subject?

If you wanted to shit on Bitcoin maxis this is not how you do it.

[gib]

Lol - exactly. BTC is decentralized digital money / (Eth is not).

And then even if you were to compare them, BTC has 4x the market cap of Eth (and of course an even greater market cap than any other shit coin out there).

Not to mention, that if you take a more reasonable time period, such as the beginning of the year, BTC has WAY outperformed Eth, despite Eth's much smaller market cap and traditionally higher delta.

[obsidian]

Lol - exactly. BTC is decentralized digital money / (Eth is not).

And then even if you were to compare them, BTC has 4x the market cap of Eth (and of course an even greater market than any other shit coin).

BTC currently has 2.97x the market cap of ETH. Not 4x. When you add the L2s and stable coins the lead is even less. ETH might flip BTC this bull run, for a short period. I'll admit BTC has been outpacing ETH this year, as it did in late 2017 and 2020. There's been more FUD directed at ETH. I like the underdog.

[obsidian]

ETH is making BTC it's lil bitch right now

Look at Cardanzo and Solana!

[Theoak*]

ETH is making BTC it's lil bitch right now

That was short lived. Only thing worse than a shitcoiner is a non coiner. Enjoy your coca cola stocks and HISA.

[Mayday]

Folks, reminder: Don’t let the charlatans separate you from your (future) money.

There is a very high possibility that,  because we fell short in last bull market (price-wise,) we’re going to make up for it big time. This blow off top looks and sounds like it’s going to be insane.

No there isn’t. This is a repeat of last run except now it’s 500k-1M price target otherwise people won’t bother buying at 40k.

Big players buy larger bags and dump earlier than before = diminished returns.

Sky high Price targets are not on the cards at all until AFTeR we complete the interest rate cycle of higher rates. This will be Post 2030.

The ‘experts’ in 2021 were all wrong. All of them. All their newsletters got people wrecked. I know because I subscribed to shitloads and all were wrong.

Crypto ‘gurus’ are no different to Wall St, they can’t trade for shit so they sell services and make the money off fees. The trade accounts are mostly fake anyway, Demo accounts.

The good news is loads of fuckers who make millions scamming us plebs lost either all of it or the majority of their gains. I’m talking some lost 10s of millions post peak and they make out like it’s nothing. Pure gambling degenerates.


The looming question is still ‘where are all these projects in the real world?’. We are 3yrs now and all the talk of gaming last cycle I can’t see any major games adopting crypto. They all use their own in game currency for now which you buy with USD, not crypto.

[Theoak*]

No there isn’t. This is a repeat of last run except now it’s 500k-1M price target otherwise people won’t bother buying at 40k.

Big players buy larger bags and dump earlier than before = diminished returns.

Sky high Price targets are not on the cards at all until AFTeR we complete the interest rate cycle of higher rates. This will be Post 2030.

The ‘experts’ in 2021 were all wrong. All of them. All their newsletters got people wrecked. I know because I subscribed to shitloads and all were wrong.

Crypto ‘gurus’ are no different to Wall St, they can’t trade for shit so they sell services and make the money off fees. The trade accounts are mostly fake anyway, Demo accounts.

The good news is loads of fuckers who make millions scamming us plebs lost either all of it or the majority of their gains. I’m talking some lost 10s of millions post peak and they make out like it’s nothing. Pure gambling degenerates.


The looming question is still ‘where are all these projects in the real world?’. We are 3yrs now and all the talk of gaming last cycle I can’t see any major games adopting crypto. They all use their own in game currency for now which you buy with USD, not crypto.

I think you're wrong and perhaps burnt by these so called "experts". Not only  do I think btc will surpass 76k, but actually  eclipse it. End of the day who cares whether 20k, 40k, 69k short term when the likely hood of btc going to 1m+ Iong term is in play.

These big institutions, companies, UHNW individuals, countries, states, banks you speak  of will look to hold btc on their balance sheet for 5-10+ years.  People turn to trading because they have no conviction.  Why sell if you kmow it will go up for 5-10 years.

Those btc Maxi's who purchased sub 1k and degened in have conviction, they sit on 10s of millions and are down 10s of millions but are  unphased due to conviction.

Shitcoiners complain about "toxic btc maximalist culture" while they scam people out of their money. If the best they can do is complain about our attitude, we've won.

Bitcoin Maximalism is toxic to grifters, schemers and affinity scammers.

[blackpele]

I think you're wrong and perhaps burnt by these so called "experts". Not only  do I think btc will surpass 76k, but actually  eclipse it. End of the day who cares whether 20k, 40k, 69k short term when the likely hood of btc going to 1m+ Iong term is in play.

These big institutions, companies, UHNW individuals, countries, states, banks you speak  of will look to hold btc on their balance sheet for 5-10+ years.  People turn to trading because they have no conviction.  Why sell if you kmow it will go up for 5-10 years.

Those btc Maxi's who purchased sub 1k and degened in have conviction, they sit on 10s of millions and are down 10s of millions but are  unphased due to conviction.

Shitcoiners complain about "toxic btc maximalist culture" while they scam people out of their money. If the best they can do is complain about our attitude, we've won.

Bitcoin Maximalism is toxic to grifters, schemers and affinity scammers.

Agree 100%, I invested close to $20k in all these shitcoins and nfts in the last cycle and got wrecked, if instead I DCAed into BTC, I would have been much better, but I was chasing the higher yield like a fool....
To me the biggest threat to BTC is quantum computers, other than that I see no reason why not to go higher long term, I mean maxis are not selling, fiat is losing value as always, builders are building, etc.....
I mean if you go back 5-10yrs in coinmarketcap, you will see all these coins that are completely gone, who is to tell me that maybe apart from ETH, coins like SOL, ADA, DOT and all the others will be here in 10-20yrs down the line, but I guess that's why there is higher upside in all these projects lol......

[obsidian]

Agree 100%, I invested close to $20k in all these shitcoins and nfts in the last cycle and got wrecked, if instead I DCAed into BTC, I would have been much better, but I was chasing the higher yield like a fool....
To me the biggest threat to BTC is quantum computers, other than that I see no reason why not to go higher long term, I mean maxis are not selling, fiat is losing value as always, builders are building, etc.....
I mean if you go back 5-10yrs in coinmarketcap, you will see all these coins that are completely gone, who is to tell me that maybe apart from ETH, coins like SOL, ADA, DOT and all the others will be here in 10-20yrs down the line, but I guess that's why there is higher upside in all these projects lol......

Coinmarketcap makes it difficult to see 3 and 5 year gains. Where's the setting to see that?

I prefer coinranking.com. Simpler interface.

https://coinranking.com/

Doge is up 4,608% from 5 years ago. Bitcoin is up 1,188%. ETH is up 2,507%. BNB is up 5,060%

[Mayday]

I think you're wrong and perhaps burnt by these so called "experts". Not only  do I think btc will surpass 76k, but actually  eclipse it. End of the day who cares whether 20k, 40k, 69k short term when the likely hood of btc going to 1m+ Iong term is in play.

These big institutions, companies, UHNW individuals, countries, states, banks you speak  of will look to hold btc on their balance sheet for 5-10+ years.  People turn to trading because they have no conviction.  Why sell if you kmow it will go up for 5-10 years.

Those btc Maxi's who purchased sub 1k and degened in have conviction, they sit on 10s of millions and are down 10s of millions but are  unphased due to conviction.

Shitcoiners complain about "toxic btc maximalist culture" while they scam people out of their money. If the best they can do is complain about our attitude, we've won.

Bitcoin Maximalism is toxic to grifters, schemers and affinity scammers.

Correct! I did get burned because they were all wrong on BTC price estimates. I still made money tho despite it.

The fact is I was -20% under on my calculated peak BTC valuation and the experts got it 10x more wrong.l than I did.

If I look at my own track record:
2021 peak estimate of 55k is -20% off
17.5k bottom I bought in at was +13% off (I went it before the drop to 15.5k)
Next peak  at 76k might be somewhat close

The good part of retail mentality is it’s repeatable. people will always want to touch the wet paint rather than listen to someone tell them it’s wet. Meaning retail will go with the higher valuations experts again and this time I am seeing 500k-1M being thrown around just like 200k was last time.

Just like last time the cycles no longer mattered yet it turns out they did. This time apparently the cycles don’t matter…… wet paint……

[blackpele]

Coinmarketcap makes it difficult to see 3 and 5 year gains. Where's the setting to see that?

I prefer coinranking.com. Simpler interface.

https://coinranking.com/

Doge is up 4,608% from 5 years ago. Bitcoin is up 1,188%. ETH is up 2,507%. BNB is up 5,060%

https://coinmarketcap.com/historical/

Go back 10yrs, January '14, the only coins that are still around apart from BTC is Doge, LTC and XRP, everything else is just gone....

https://coinmarketcap.com/historical/20140105/

[obsidian]

https://coinmarketcap.com/historical/

Go back 10yrs, January '14, the only coins that are still around apart from BTC is Doge, LTC and XRP, everything else is just gone....

https://coinmarketcap.com/historical/20140105/

Your link only shows a snapshot of the price on that date. Where does coinmarketcap show the increase in price over 3 or 5 years? Coinranking makes this easy via a dropdown menu. That way you can gauge how projects are performing over longer periods. Coinmarketcap sucks!

Forget about that site and go here:

https://coinranking.com/

[obsidian]

Coinmarketcap can only show price increase for the past 7 days? WTF?! That's useless. How can you gauge a project's performance over such a short period? The site is useless.

[obsidian]

https://coinmarketcap.com/historical/

Go back 10yrs, January '14, the only coins that are still around apart from BTC is Doge, LTC and XRP, everything else is just gone....

https://coinmarketcap.com/historical/20140105/

Yahoo Finance's historical data is way more detailed than coinmarketcap. I see most youtube influencers refer to coinmarketcap. Why?! Coinranking is a lot more useful.

https://finance.yahoo.com/quote/BTC-USD/history/

[Agnostic007]

Lets cut through the chase. When BC drops to the 32 range buy.. hold it.. you'll thank me later. Should happen before Jan 30.

[gib]

Nice to see some commonsense and some lessons which have been learned here.

Only thing worse than a shitcoiner is a non coiner.

Exactly. And the sad thing is, many shitcoiners are non coiners (or at least not yet whole coiners, which should be everyone's priority before they start dabbling in shit).

Sky high Price targets are not on the cards at all until AFTeR we complete the interest rate cycle of higher rates.

Agree. Lower rates, money printing and financial liquidity = positive for Bitcoin.

The looming question is still ‘where are all these projects in the real world?’. We are 3yrs now and all the talk of gaming last cycle I can’t see any major games adopting crypto. They all use their own in game currency for now which you buy with USD, not crypto.

Almost none. All this alt shit really is just basically shit. The quicker most people realize the better. And even those which are not entirely shit and actually do have a use case (less than 1% of all alts) I would say, only 1% are fairly priced. Most of the very small number of "legit" alts are usually WAY overpriced for what they represent. Often 100-1000x any reasonable price that you would use in a typical VC calculation. The only alt with a legit use which is actually growing, and which is at  fair (but still not cheap) price I have found after many hours of research is Filecoin (FIL). Does not have the hype of so much shit out there, but has the best prospects of a return based on current price and usage. Go figure...

These big institutions, companies, UHNW individuals, countries, states, banks you speak  of will look to hold btc on their balance sheet for 5-10+ years.  People turn to trading because they have no conviction.  Why sell if you kmow it will go up for 5-10 years.

Those btc Maxi's who purchased sub 1k and degened in have conviction, they sit on 10s of millions and are down 10s of millions but are  unphased due to conviction.

Shitcoiners complain about "toxic btc maximalist culture" while they scam people out of their money. If the best they can do is complain about our attitude, we've won.

Bitcoin Maximalism is toxic to grifters, schemers and affinity scammers.

Love it. 100% agree!

Agree 100%, I invested close to $20k in all these shitcoins and nfts in the last cycle and got wrecked, if instead I DCAed into BTC, I would have been much better, but I was chasing the higher yield like a fool....

I mean if you go back 5-10yrs in coinmarketcap, you will see all these coins that are completely gone, who is to tell me that maybe apart from ETH, coins like SOL, ADA, DOT and all the others will be here in 10-20yrs down the line, but I guess that's why there is higher upside in all these projects lol......

Love it. And great to see some new posters spreading wisdom from lessons learned.

[Flexacon]

The looming question is still ‘where are all these projects in the real world?’. We are 3yrs now and all the talk of gaming last cycle I can’t see any major games adopting crypto. They all use their own in game currency for now which you buy with USD, not crypto.

That's not gonna happen, but games developers are launching games on crypto platforms. IMX has over 400 games they plan to launch.

Ideally the quality of the games is what will determine if the whole thing is successful and not the fact that it has anything to do with crypto.