Author Topic: Bitcoins - about to hit $5,000 per coin today!  (Read 1131305 times)

Theoak*

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10225 on: January 27, 2024, 05:12:28 AM »
Dude, I was in GBTC back in 2019 and... let me tell you, when money starts flowing in, it's insane. Like literally insane. In three days, I went from having enough money to buy a Harley Davidson to being able to buy a fully loaded Range Rover.

I can't even imagine what it would be like if people are NOT in the play and see this happening...

My wife has a Range Rover Sport, it's a piece  of shit.

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10226 on: January 27, 2024, 09:01:24 AM »
No, the ETFs will play a pivotal role in getting BTC past 100k. When someone buys a share of an ETF, that buy generates a parallel buy of BTC so that the ETF sponsors/managers can match NAV at the end of the day. People buying the BTC ETFs is equivalent to buying BTC.

There are still $billions sidelined sitting in stable coins. The move from 25k to 49k saw about a quarter of the those stable coins move into BTC. The recent move from 49k to 39k obviously saw the opposite.

Everything else being equal then if the majority of that money in stables were to find it's way back into BTC the price would easily be at new highs and probably closer to 75k. Fomo from new entrants would  take it higher.

ETFs just make the last part easier.


jude2

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10227 on: January 27, 2024, 10:09:06 AM »
My wife has a Range Rover Sport, it's a piece  of shit.
Yep. I had to have one and the engine blew at 38K miles and they wanted 24k to fix it. I sold it for a big loss.

Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10228 on: January 28, 2024, 07:41:14 PM »
Dude, I was in GBTC back in 2019 and... let me tell you, when money starts flowing in, it's insane. Like literally insane. In three days, I went from having enough money to buy a Harley Davidson to being able to buy a fully loaded Range Rover.

I can't even imagine what it would be like if people are NOT in the play and see this happening...

We already saw the premium to Nav close then what followed was the move for the new ETFs to fill up while Grayscale sold off and price dumped to 38k. In other words 99% were wrong about the ETF launch and we got the price suppression I warned about.

On a basis of measuring the outcome of the ETF vs predictions I’d say it’s not looking great for the 99% on future predictions of mooning.

Q4 2024 ATH then watch the total destruction unfold in 2025. Blackrock have about 50,000 BTC meanwhile Grayscale hold 550,000 BTC. Oh Lordy 🙏


Do people really think we won’t ever have a -70% drop again? The ETF brings in average Joe funds….. buyers who can’t stomach a -20% S&P drop and yet magically they turn into HoDLers to ride a -70% Bitcoin bear market for a couple of years 😂  the next bear market will absolutely suck.

To lower volatility you need greater depth of spread in holdings. The reason it does -80%+ drops is because so few hold so much. At 42k the spread sucks but at 3k we will get a way deeper spread which reduces volatility and actually makes it appealing.


obsidian

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10229 on: January 28, 2024, 08:28:08 PM »
I tell you, the Big Money play is going to be Bitcoin to 200k+, gold to $1000 and then the inverse, BTC to 50k and gold to 15k. All within 2-3 years.
Gold is used in electronics / computing devices, electrical devices, dentistry, aerospace / automotive, medicine, etc. There are a lot of use cases for gold.

Sky-high gold prices would negatively affect these industries. This provides an incentive to suppress the price of gold.

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10230 on: January 28, 2024, 09:07:10 PM »
We already saw the premium to Nav close then what followed was the move for the new ETFs to fill up while Grayscale sold off and price dumped to 38k. In other words 99% were wrong about the ETF launch and we got the price suppression I warned about.

On a basis of measuring the outcome of the ETF vs predictions I’d say it’s not looking great for the 99% on future predictions of mooning.

Q4 2024 ATH then watch the total destruction unfold in 2025. Blackrock have about 50,000 BTC meanwhile Grayscale hold 550,000 BTC. Oh Lordy 🙏


Do people really think we won’t ever have a -70% drop again? The ETF brings in average Joe funds….. buyers who can’t stomach a -20% S&P drop and yet magically they turn into HoDLers to ride a -70% Bitcoin bear market for a couple of years 😂  the next bear market will absolutely suck.

To lower volatility you need greater depth of spread in holdings. The reason it does -80%+ drops is because so few hold so much. At 42k the spread sucks but at 3k we will get a way deeper spread which reduces volatility and actually makes it appealing.

Not convinced Grayscale sell off (FTX dumping GBTC) caused the 20% drop. Flows from all the ETFs vs GBTC were slightly positive through that period. It was done OTC so working off the only information we have (net inflow) ETF selling did not exceed buying.

I don't bother spending much time looking at on-chain data, but those that do did pull up data that potentially shows whales who bought at 25K back in October sold between 44k-49k and so did a lot of top buyers who mostly sold at a loss. I'm working off the theory the dump was just whales games with some good old fashion FUD thrown in. We'll know over the next few months if I'm right or wrong.

Anyway the FTX selling will help make FTX customers whole based on their Nov 22 holdings. That's $billions more finding its way back into the hands of crypto natives and potentially billions more to pump the market.

Also rumour is Charles Schwab are looking to launch a spot BTC ETF with very customer friendly fees. Don't think they'd bother if they didn't think the ETFs were a success.

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10231 on: January 29, 2024, 09:04:25 AM »
As you all know I was majorly correct with my last big call in October 2023 when BTC rose from 25K to 45K in the months following my prediction that a surge was about to occur.

I am now regularly getting PM's from people wanting me to tell them other price predictions / dates etc.

I don't really like responding to individual messages on BTC to people - don't have the time, and prefer to keep it all on one thread. What it does show me though is that there are numerous lurkers who read this thread but who don't make a single comment themselves. So to you guys - don't be shy - just post your question here.

Second, it is impossible to make accurate predictions. General trends yes, (for example, we know BTC is VERY LIKELY to continuously rise over time). But the more specific the question, and the more limited the time period, the more it is hard to give a specific answer.

Having said that, here is what I expect is most likely to happen over the next few years.

1. Over the next 3 months I expect we will see volatility, (both up and down) as the halving approaches, with the price by the halving being more likely up from now, rather then down.

2. At some point, (and it could even occur before the halving - indeed it might even start to occur in the next few weeks) we will see the most beautiful trend start to emerge of almost consistently daily gains of around 1%.

So at current price, around $400 daily, and then at 50K $500 daily, and at 100K $1000 daily. This will be a beautiful phase for BTC and any Bitcoiner. Of course it won't be a perfect trend on an exact daily basis, but a nice overall trend.

Why this will occur should be obvious - basically it will be a function of BTC Hodling, combined with ETF inflows vs outflows stabilizing then the a BTC ETF flippening occurring, where inflows on a daily basis, slowly but surely, exceed net outflows...

Well its only been 3 days since my post above, but what we can already see is that Bitcoin is performing EXACTLY as I predicted.

To anyone here, not yet a wholecoiner - get to 1 coin! If you are already a wholecoiner - stack and HODL. And if you are a nocoiner - just get off zero.

One other tip (and this one is way ahead of the curve - but for anyone interested in a non-Bitcoin investment. FILECOIN. (Buy, and HODL for 10 years). I will be back in a decade to revisit this one, but again, I will only post something if I have a very good reason to do it. Having said that, let me be very clear - the mantra "Bitcoin, not crypto" is very applicable to anyone thinking that there is any other realistic alternative to Bitcoin in terms of what Bitcoin's purpose it.

obsidian

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10232 on: February 06, 2024, 12:39:25 PM »
Solana suffers another outage...

https://coingape.com/solana-down-whats-the-reason-behind-recurrent-outages/

Solana Down: What’s the Reason Behind Recurrent Outages

Solana Down: Solana engineers have released a new validator software release for validator operators to upgrade and restart of the Solana network after an outage for hours. All Solana-related activities including spot and derivatives trading, staking, and others have halted after Solana stopped processing blocks at 10:00 UTC on Tuesday.

Solana Release Patch For Network Restart
Solana Status in the latest post on February 6 revealed that a new validator software release, release version v1.17.20, is available for upgrade. This includes a patch to resolve the cluster issue that caused the network to halt. Engineers from across the ecosystem readied the software release. Validator operators are asked to prepare for an upgrade and restart of the network.

In an earlier post, Solana team said “Engineers from across the ecosystem are investigating an outage on mainnet-beta. The team updates the community in real time as more information becomes available.

As per Stakewiz data, Solana network start is underway as validators install the software release. Once 80% of the stake has restarted, the cluster will resume block production from slot 246464041. At the time of writing, the restart status is at 40%.

South Korea’s largest crypto exchange Upbit decided to temporarily suspend deposits and withdrawals for SOL, GMT, RAY, and ACS tokens due to the ongoing Solana network outage.

obsidian

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10233 on: February 06, 2024, 12:41:01 PM »
https://beincrypto.com/ethereum-name-services-partners-godaddy-ens/

Ethereum Name Services Partners With GoDaddy, ENS Surges 14%

- Ethereum Name Service (ENS) announces partnership with GoDaddy, leading to a 14% surge in ENS token value.

- GoDaddy introduces a "Crypto Wallet" section in their domain management interface, enabling seamless integration with the Web3 ecosystem.

- This collaboration marks a significant milestone in the domain name industry, pushing forward Web3 integration.

GymnJuice

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10234 on: February 07, 2024, 08:11:53 AM »
https://www.coindesk.com/markets/2024/02/06/blackrocks-bitcoin-etf-inflows-climb-to-fifth-highest-among-all-etfs-in-2024/

Quote
Only 17 days after its launch, the BlackRock iShares Bitcoin Trust (IBIT) has become one of the top five exchange-traded funds (ETFs) of 2024 based on inflows, according to data from Bloomberg Intelligence.
The only funds that have topped IBIT's $3.2 billion of year-to-date inflows are mammoth longstanding index ETFs from iShares and Vanguard that offer exposure to the S&P 500 or the total stock market. In the number one spot with $13 billion in inflows thus far this year is the iShares Core S&P 500 ETF (IVV), which has a whopping $428 billion in assets-under-management (AUM). Number two with $11.1 billion in inflows is the Vanguard 500 Index Fund ETF (VOO), which has nearly $398 billion in AUM.

affeman

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10235 on: February 07, 2024, 09:41:02 AM »
I would think we will be well over 100K per BTC coin by March 2024. Once the demand squeeze happens, the spike will be insane, and self-fulfilling, and very fast.

Well over 100k by March 2024, right? :D :D

Slapper

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10236 on: February 08, 2024, 03:13:11 PM »
This is freaking insane... We're flirting with all time highs on a wave one of a five wave impulse. This is freaking insane. I think this first wave one impulse is going all the way up to 55-60k and then retrace. The wave three is going to take us past 150k and the wave five, which is when most of retail are going to pile in, is going to determine whether we make it past 250k or not. Remember, the retail accounts the financial advisors are trying to convince to go into crypto are retirement accounts with 250k+ in them. Imagine 2BB dollars in buying pressure PER DAY. Like I said, 20-30k daily green candles are to be expected.

And GBTC will be sitting there waiting for the unit bias to kick in... and when it does, ohhhhh booooooyyyyyy.

Theoak*

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10237 on: February 08, 2024, 03:17:54 PM »
This is freaking insane... We're flirting with all time highs on a wave one of a five wave impulse. This is freaking insane. I think this first wave one impulse is going all the way up to 55-60k and then retrace. The wave three is going to take us past 150k and the wave five, which is when most of retail are going to pile in, is going to determine whether we make it past 250k or not. Remember, the retail accounts the financial advisors are trying to convince to go into crypto are retirement accounts with 250k+ in them. Imagine 2BB dollars in buying pressure PER DAY. Like I said, 20-30k daily green candles are to be expected.

And GBTC will be sitting there waiting for the unit bias to kick in... and when it does, ohhhhh booooooyyyyyy.

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10238 on: February 08, 2024, 07:40:32 PM »


I don't bother spending much time looking at on-chain data, but those that do did pull up data that potentially shows whales who bought at 25K back in October sold between 44k-49k and so did a lot of top buyers who mostly sold at a loss. I'm working off the theory the dump was just whales games with some good old fashion FUD thrown in. We'll know over the next few months if I'm right or wrong.


This is already starting to look pretty accurate.

Lots of whales that sold that region hoping to buy back in the low 30s started buying back again in around 44k.

A bitfinex whale killed it though after the dump from 48. Bought like a mad man between 38-40k and didn't give a toss about slippage. That whale probably stopped the price going any lower.

ETFs still doing their thing in the background just more quietly now. Still not ruling out a macro correction though.

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10239 on: February 09, 2024, 03:29:46 AM »
Well over 100k by March 2024, right? :D :D

Could be. We can't predict exact dates, but as I said earlier, once the demand squeeze happens, the spike will be insane, and self-fulfilling, and this could occur very fast."

We know for certain, the long term price of BTC has infinite upside. The shorter the time scale though, the harder it is to predict directional movement. I have said it before - just zooooooom out.

obsidian

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10240 on: February 09, 2024, 03:38:44 AM »
Could be. We can't predict exact dates, but as I said earlier, once the demand squeeze happens, the spike will be insane, and self-fulfilling, and this could occur very fast."

We know for certain, the long term price of BTC has infinite upside. The shorter the time scale though, the harder it is to predict directional movement. I have said it before - just zooooooom out.
I'll second that. A lot can happen in even 2 weeks. We've seen this before. Just look at previous bull runs.

Slapper

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10241 on: February 09, 2024, 04:15:17 AM »
Imagine thinking about investing in crypto, being on the sidelines and seeing BTC go up 3k in hours... must be tough to not try to hit the BUY button. Then, their fears get confirmed every time there's a small (expected) pullback. BTC bull markets have this effect on people: it'll scale up, go through the roof in one to two day moves then correct and then do it all over again. All the time, retail just sits on the sidelines deadly scared of a potential collapse. By the time their reptilian brain FORCES them to act, it's already a wave 5 move and these people go "here, take my money!":

 

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10242 on: February 09, 2024, 04:22:24 AM »
Imagine thinking about investing in crypto, being on the sidelines and seeing BTC go up 3k in hours... must be tough to not try to hit the BUY button. Then, their fears get confirmed every time there's a small (expected) pullback. BTC bull markets have this effect on people: it'll scale up, go through the roof in one to two day moves then correct and then do it all over again. All the time, retail just sits on the sidelines deadly scared of a potential collapse. By the time their reptilian brain FORCES them to act, it's already a wave 5 move and these people go "here, take my money!":


So many people have missed out or lost money trying to time the market. And so many people have benefitted and made money simply stacking and hodling.

Bitcoin = truth = freedom + prosperity.

We stack, hodl, and collectively we thrive.

We here as GetBig Bitcoiners still have a massive advantage over much of the rest of our world in terms of having the opportunity to be early movers of wealth into BTC. And by "early mover" i mean to buy NOW. We buy at 50K, and then we hodl for 500K.

Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10243 on: February 11, 2024, 04:20:26 PM »
and the wave five, which is when most of retail are going to pile in, is going to determine whether we make it past 250k or not. Remember, the retail accounts the financial advisors are trying to convince to go into crypto are retirement accounts with 250k+

You’re behind the 8 ball mate. Retail already started arriving.

I like your 50k-60k numbers. I would love to see 58k BTC pre-halving.

Dorian Cutler

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10244 on: February 11, 2024, 04:50:13 PM »
I think it will go to zero

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10245 on: February 12, 2024, 05:00:40 AM »

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10246 on: February 12, 2024, 07:03:17 AM »
You’re behind the 8 ball mate. Retail already started arriving.

I like your 50k-60k numbers. I would love to see 58k BTC pre-halving.

There's retail who are more proactive managing their accounts. They are more or less in. Retail who prefer leaving things to account mangers are not in yet.

Newbs learnt their first lesson though. Last month 49k saw one of the biggest sell offs by people in profit and then 42k saw one of the biggest sell offs by people at a loss. All of them selling at a loss would be in profit now.

A break of 52k (ish) could see a teleport to 64/65k

loco

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10247 on: February 12, 2024, 07:33:50 AM »
So many people have missed out or lost money trying to time the market. And so many people have benefitted and made money simply stacking and hodling.

Bitcoin = truth = freedom + prosperity.

We stack, hodl, and collectively we thrive.

We here as GetBig Bitcoiners still have a massive advantage over much of the rest of our world in terms of having the opportunity to be early movers of wealth into BTC. And by "early mover" i mean to buy NOW. We buy at 50K, and then we hodl for 500K.


gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10248 on: February 12, 2024, 08:38:04 AM »
BTC just touched short of 50K. If we don't hit today, then likely tomorrow.

Again, I urge all to read my earlier post. I will only tell you what I believe will happen when its very obvious. And as you can now see, I have once again been exactly right. It is important that we all read this and understand it:

"As you all know I was majorly correct with my last big call in October 2023 when BTC rose from 25K to 45K in the months following my prediction that a surge was about to occur.

I am now regularly getting PM's from people wanting me to tell them other price predictions / dates etc.

I don't really like responding to individual messages on BTC to people - don't have the time, and prefer to keep it all on one thread. What it does show me though is that there are numerous lurkers who read this thread but who don't make a single comment themselves. So to you guys - don't be shy - just post your question here.

Second, it is impossible to make accurate predictions. General trends yes, (for example, we know BTC is VERY LIKELY to continuously rise over time). But the more specific the question, and the more limited the time period, the more it is hard to give a specific answer.

Having said that, here is what I expect is most likely to happen over the next few years.

1. Over the next 3 months I expect we will see volatility, (both up and down) as the halving approaches, with the price by the halving being more likely up from now, rather then down.

2. At some point, (and it could even occur before the halving - indeed it might even start to occur in the next few weeks) we will see the most beautiful trend start to emerge of almost consistently daily gains of around 1%.

So at current price, around $400 daily, and then at 50K $500 daily, and at 100K $1000 daily. This will be a beautiful phase for BTC and any Bitcoiner. Of course it won't be a perfect trend on an exact daily basis, but a nice overall trend.

Why this will occur should be obvious - basically it will be a function of BTC Hodling, combined with ETF inflows vs outflows stabilizing then the a BTC ETF flippening occurring, where inflows on a daily basis, slowly but surely, exceed net outflows..."



Slapper

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #10249 on: February 12, 2024, 08:42:42 AM »
You’re behind the 8 ball mate. Retail already started arriving.

I like your 50k-60k numbers. I would love to see 58k BTC pre-halving.

No.

DTCC positions have not significantly changed from earlier this year (when we were much lower).