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

[obsidian]

Here's an interesting thing my friend said about BTC, in regards to when i mentioned El Salvador buying bitcoins and accepting it as currency.

He goes the real issue will be when the first country figures out they can Print paper currency and then BUY Bitcoin with it.  Any opinions?

The BTC price will drive up and their currency will go to almost zero. It might also not be easy to fill an order of 5,000 or 10,000 BTC.

What would happen if the governments printed a lot of cash just to buy Bitcoin?
https://www.reddit.com/r/Bitcoin/comments/rq6dbd/what_would_happen_if_the_governments_printed_a/

[SouJerz]

ETH is up 64% the past 3 months. BTC is up 63%. I think the money will rotate to other coins. There's only so much you can make with BTC. Doge pumped hard the past day or so.

Let's say the crypto market cap goes to $10 trillion. If BTC maintains a 50% dominance, then the other $5 trillion goes to alts. ETH might go back to a 20% dominance, if only for a day or so. That gives ETH a market cap of $2 trillion. Let's assume 120 million ETH.  That gets the ETH price to $16.6k.

There are rumors the SEC will meet with ETH Spot ETF applicants in March. It's not 100% guaranteed the ETH Spot EFTs are approved. More unlikely compared to BTC.

But there's lots of stuff that could happen to prevent this. Perhaps nukes are used in the Russia / NATO arena? Time will tell.

https://crypto.news/spot-ethereum-etf-issuers-sec-march/

What is your timeline?  Are you looking for short term gains this year, sure bet on the Altcoins, 99% of wealth isn't owned buy 1% of the population because the average american is intelligent.  Retail investors will once again buy altcoins and be left holding the bag your job is to pick an ROI and eject at that number IF it gets there.  BTC is the long term bet.  I dont understand why .000000000005 is such an appetizing price for people?  It all depends on how much you invest.   10,000.00 into .000000000000005 a coin is just the same as 10,000 into bitcoin, unless you think you know which one is going to randomly 10x this year which will happen with some altcoins not many but some should, tons of risk because most alts will eventually go to zero.

[obsidian]

What is your timeline?  Are you looking for short term gains this year, sure bet on the Altcoins, 99% of wealth isn't owned buy 1% of the population because the average american is intelligent.  Retail investors will once again buy altcoins and be left holding the bag your job is to pick an ROI and eject at that number IF it gets there.  BTC is the long term bet.  I dont understand why .000000000005 is such an appetizing price for people?  It all depends on how much you invest.   10,000.00 into .000000000000005 a coin is just the same as 10,000 into bitcoin, unless you think you know which one is going to randomly 10x this year which will happen with some altcoins not many but some should, tons of risk because most alts will eventually go to zero.

You're getting caught in the price of BTC. Zoom out 5 years. The past 5 years, BTC is up 1,492%. ETH is up 2,360%. BNB is up 4,056%. Doge is up 5,685%.

This is even after Doge dumped over 90% from its ATH of +70 cents. Is 5 years a short time frame?

It's a given that BTC will drop less than the other cryptos in a bear market. In a bull market BTC will not be the fastest horse in the race because of its market cap. It takes less money to move the needle on a smaller crypto like Doge. It can pump a huge amount in a short time frame. A BTC whale could decide to make some easy money with Doge by dropping some action into it.

Ivan Tech likes to say: "Don't marry your crypto, date it". I will be using his advice. You can make money on alts, just be sure to sell when the time is right and go into BTC, ETH, property or whatever floats your boat. The trick is finding the right time to sell. Greed can be an albatross around your neck holding you back. That's what prevented me from selling my Doge bags when I should have. Big daddy BTC also dumped like a mofo from $68k to 15.8k. Let's not forget that all cryptos are volatile, including BTC.

[obsidian]

^^^^^^^^^^^^^
Doge is now at 11.5 cents, down from its ATH of 75 cents. That's an 84.66% crash, as of today. And even then it is still up +5,600% from its price 5 years ago.

[Flexacon]

ETH is up 64% the past 3 months. BTC is up 63%. I think the money will rotate to other coins. There's only so much you can make with BTC. Doge pumped hard the past day or so.

Let's say the crypto market cap goes to $10 trillion. If BTC maintains a 50% dominance, then the other $5 trillion goes to alts. ETH might go back to a 20% dominance, if only for a day or so. That gives ETH a market cap of $2 trillion. Let's assume 120 million ETH.  That gets the ETH price to $16.6k.

There are rumors the SEC will meet with ETH Spot ETF applicants in March. It's not 100% guaranteed the ETH Spot EFTs are approved. More unlikely compared to BTC.

But there's lots of stuff that could happen to prevent this. Perhaps nukes are used in the Russia / NATO arena? Time will tell.

ETH is gonna be fine whatever happens. You'll get 10K minimum either this year or next.

ETF with staking is the most bullish scenario, but unlikely to be approved.
ETF without staking keeps things ticking along. Looks the most likely.
No ETF will cause an ETH sell off, but the dip will be bought hard and ETH still has plenty of other bullish catalysts

^^^^^^^^^^^^^
Doge is now at 11.5 cents, down from its ATH of 75 cents. That's an 84.66% crash, as of today. And even then it is still up +5,600% from its price 5 years ago.

Doge did pretty well recently, but it looks like VCs and WS degens have chosen PEPE and WIF as this cycles memecoins. I got on WIF early and it's already x8 and still hasn't been listed on tier 1 exchanges. If you have any SOL on the network roll it into WIF. It will outperform it by multiples.

[Flexacon]

Here's an interesting thing my friend said about BTC, in regards to when i mentioned El Salvador buying bitcoins and accepting it as currency.

He goes the real issue will be when the first country figures out they can Print paper currency and then BUY Bitcoin with it.  Any opinions?

Wait until your friend finds out about the Tether printer LMAO

[SouJerz]

^^^^^^^^^^^^^
Doge is now at 11.5 cents, down from its ATH of 75 cents. That's an 84.66% crash, as of today. And even then it is still up +5,600% from its price 5 years ago.

Godspeed

[jude2]

^^^^^^^^^^^^^
Doge is now at 11.5 cents, down from its ATH of 75 cents. That's an 84.66% crash, as of today. And even then it is still up +5,600% from its price 5 years ago.

I just sold all of my Doge for since it was up today.  Still lost 5k with it. Stupid investment for me. Thank God I made some money back on ETH.  Still getting my ass handed to me with ETH classic.

[Mayday]

Wait until your friend finds out about the Tether printer LMAO

Fed said Tether was 14% backed. What happens if the US took down Tether but not USDC? Apparently there is a shitload of people in USDT earning yield.

I just sold all of my Doge for since it was up today.  Still lost 5k with it. Stupid investment for me. Thank God I made some money back on ETH.  Still getting my ass handed to me with ETH classic.

DOGE is a lagging token so seems to fire up only at the very end.

[Flexacon]

Fed said Tether was 14% backed. What happens if the US took down Tether but not USDC? Apparently there is a shitload of people in USDT earning yield.

DOGE is a lagging token so seems to fire up only at the very end.

Tether bought nation sized allotment of US T-Bills ($72.5B) to try stay in their good graces. Also the 2 main characters walked away.The black swan scenario with Tether is basically off the table now.

They still want them gone/neutered though. The FUD campaign probably ramps up around the time Circle/USDC IPOs

The tin foil rumour is JPMorgan wants to launch and be the main USD stable in crypto one day.

Those who want similar stable coin type yield probably end up at Ethena USDe  (27% right now). That probably ends in tears in a bear market.

[SouJerz]

ETH is gonna be fine whatever happens. You'll get 10K minimum either this year or next.

ETF with staking is the most bullish scenario, but unlikely to be approved.
ETF without staking keeps things ticking along. Looks the most likely.
No ETF will cause an ETH sell off, but the dip will be bought hard and ETH still has plenty of other bullish catalysts

Doge did pretty well recently, but it looks like VCs and WS degens have chosen PEPE and WIF as this cycles memecoins. I got on WIF early and it's already x8 and still hasn't been listed on tier 1 exchanges. If you have any SOL on the network roll it into WIF. It will outperform it by multiples.

any opinions on the .58 ratio recently of  ETH/BTC,  i kind of like to buy ether when its below that ratio and bitcoin when its above.  going back and forth.
You think the Ether ETF's will not get approved due to staking? or is there away around that for black rock and others?

[Flexacon]

any opinions on the .58 ratio recently of  ETH/BTC,  i kind of like to buy ether when its below that ratio and bitcoin when its above.  going back and forth.
You think the Ether ETF's will not get approved due to staking? or is there away around that for black rock and others?

The consensus amongst the Bloomberg ETF experts (they were spot on with the BTC ETF) is that ETH spot ETF with access to staking yields will not approved.

During the meeting the have scheduled next month they will ask ETF applicants to make amendments removing staking yields. Experts give this amended ETF a 70% of approval. Some say 99% because Blackrock are involved.

So basically you will be able to buy ETH ETF but not collect staking yield which makes the ETH ETF product a lot less attractive than holding spot ETH and staking.

I personally wouldn't bother trading between ETH/BTC right now because you could probably make better gains sticking with one and doing nothing.

Either go with BTC and feel safe and comfortable and enjoy the ride, or take on a bit more risk and go with ETH, stake and restake it and collect Eigen points plus various other yields and accept the ETF volatility. If you're in ETH and not staking/restaking you're basically handicapping your potential gains.

[BEEFCAKE]

.

[SouJerz]

The consensus amongst the Bloomberg ETF experts (they were spot on with the BTC ETF) is that ETH spot ETF with access to staking yields will not approved.

During the meeting the have scheduled next month they will ask ETF applicants to make amendments removing staking yields. Experts give this amended ETF a 70% of approval. Some say 99% because Blackrock are involved.

So basically you will be able to buy ETH ETF but not collect staking yield which makes the ETH ETF product a lot less attractive than holding spot ETH and staking.

I personally wouldn't bother trading between ETH/BTC right now because you could probably make better gains sticking with one and doing nothing.

Either go with BTC and feel safe and comfortable and enjoy the ride, or take on a bit more risk and go with ETH, stake and restake it and collect Eigen points plus various other yields and accept the ETF volatility. If you're in ETH and not staking/restaking you're basically handicapping your potential gains.

How would you go about staking your ether.
If you don’t kind sharing your opinion.

Or should I read this whole thing?
https://cointelegraph.com/learn/ethereum-2-0-staking-a-beginners-guide-on-how-to-stake-eth

[obsidian]

How would you go about staking your ether.
If you don’t kind sharing your opinion.

Or should I read this whole thing?
https://cointelegraph.com/learn/ethereum-2-0-staking-a-beginners-guide-on-how-to-stake-eth

If you have 32 ETH you could solo stake. But it is technical and if you configure your validator wrong or it is not online 24/7 your holdings could be slashed via a penalty. There's also a staking / unstaking que that's long.

Liquid staking is a better option via Lido. I am staking ETH on Binance.Us and also Coinbase. Note that some crypto influencers feel that staking in a bull market is not the best idea because you can't sell the ETH tokens when a price reaches a point you like. Let's say ETH hits $5,000 and you want to sell some. If it is locked up in staking you can't.

Also note that with any centralized exchange, you are at risk of losing your crypto. I believe your ETH will get slashed if Coinbase fucks up with their validator configs. So it is a risk any way you look at it.

I plan on unstaking some ETH to allow me to sell when I want. I unstaked BNB recently for this reason, and the APY was not that high anyways, around 1.59%. I have not sold yet, still waiting. I am losing some staking yields sure. I just don't want to be locked up if things go nuts with the prices. Keep that in mind before you stake. If you don't plan on realizing any gains this time around then staking is the way to go.

https://www.reddit.com/r/ethstaker/comments/14d7ruh/solo_staking_is_35_more_profitable_than_staking/

[SouJerz]

If you have 32 ETH you could solo stake. But it is technical and if you configure your validator wrong or it is not online 24/7 your holdings could be slashed via a penalty. There's also a staking / unstaking que that's long.

Liquid staking is a better option via Lido. I am staking ETH on Binance.Us and also Coinbase. Note that some crypto influencers feel that staking in a bull market is not the best idea because you can't sell the ETH tokens when a price reaches a point you like. Let's say ETH hits $5,000 and you want to sell some. If it is locked up in staking you can't.

Also note that with any centralized exchange, you are at risk of losing your crypto. I believe your ETH will get slashed if Coinbase fucks up with their validator configs. So it is a risk any way you look at it.

I plan on unstaking some ETH to allow me to sell when I want. I unstaked BNB recently for this reason, and the APY was not that high anyways, around 1.59%. I have not sold yet, still waiting. I am losing some staking yields sure. I just don't want to be locked up if things go nuts with the prices. Keep that in mind before you stake. If you don't plan on realizing any gains this time around then staking is the way to go.

https://www.reddit.com/r/ethstaker/comments/14d7ruh/solo_staking_is_35_more_profitable_than_staking/

Thanks for all the info!


What do you recommend for cold storage?  Trezor?

[Flexacon]

How would you go about staking your ether.
If you don’t kind sharing your opinion.

Or should I read this whole thing?
https://cointelegraph.com/learn/ethereum-2-0-staking-a-beginners-guide-on-how-to-stake-eth

Best to read it yourself so you understand the risks involved. Also make sure you're eligible for eigen points with whichever protocol you use.

Trezor over Ledger as Ledger developers have fuked up far too many times.

[gib]

Update on 2 rumors.

1 - that Bezos is buying up BTC big. He was last week seen on his boat with Michael Saylor, so very likely he is a Bitcoiner and sees the future.

2 - that Bezos is buying Filecoin. He fully understands data storage, and he knows Filecoin will eat Amazon's juicy margins. If you can't beat em, join em.

I know neither with certainty, but at the same time, the info comes from reasonably smart people who have a sense of these types of things.

So, take it with a grain of salt, always be skeptical, due your own research - but do give my points above some thought (and remember where you head this first).

[SouJerz]

I’m split 60/40 Bitcoin/ether right now.  On the fence about waiting for ether ETF to come out. IF it does price should shoot up relative to Bitcoin meaning the ETH/BTC ratio goes over .58 hopefully as close to .70 as possible and either sell my ETH and buy BTC or convert ETH all to BTC.  ULTIMATELY I understand it comes down to the choice I make but would love to hear opinions on what you guys would do and gals if there’s any into crypto.  I heard satoshi is female and actually used to work for the CIA.  Also isn’t the USA the largest known holder of BTC through confiscations?  Obviously China is a giant holder through back channel purchases.

[Mayday]

Update on 2 rumors.

1 - that Bezos is buying up BTC big. He was last week seen on his boat with Michael Saylor, so very likely he is a Bitcoiner and sees the future.

2 - that Bezos is buying Filecoin. He fully understands data storage, and he knows Filecoin will eat Amazon's juicy margins. If you can't beat em, join em.

I know neither with certainty, but at the same time, the info comes from reasonably smart people who have a sense of these types of things.

So, take it with a grain of salt, always be skeptical, due your own research - but do give my points above some thought (and remember where you head this first).

Same Bullrun playbook as 2021. It was a ongoing joke on Twitter among influencers to see who could begin a rumour and get it into national media. The Apple buying rumour was reported by CNBC but it all started as a joke. I saw many of them unfold. XRP and Japanese banks was a massive doozy aswell.

The thing that matters right now is the ETF flow stays turned on.

I gave a family member 1 ETH near the top in 2021. I tried to convince him to buy in more at 17.5k with me and at Lows of a few others, he said he will trade instead. He lost it all and more.

Now at 62k he calls and is thinking of getting 20k of BTC but wants to wait for a pullback….. I told him it has legs so at 62k you’re kind of fucked still sidelined. It might go to 76k and you’ll shit and FOMO buy or you’ll wait for 30k or 42k and it’ll pullback to 53k, reverse and you’ll FOMO at 96k lol.

[Mayday]

Gas fees exploding already…….

ETH isn’t even near ATH yet and it can’t cope lol.

*EDIT* just did 2 transaction on oneinch and copped around USD60 in fees.

[Flexacon]

The Bezos rumour was doing the rounds at the end of last year after Saylor was a guest at a birthday party for the new woman Bezos is with. Rumour picked up moment again after Bezos starting selling Amazon stock.

Another rumour/prediction doing the rounds is that another Nation state/Government is buying.

And the most ridiculous rumour of the lot is that the Vanguard CEO is stepping down from his job for shunning bitcoin.

Actual real news, Merrill Lynch and Wells Fargo have started offering the ETFs to their clients. That's several $trillions more of AUM that will now have access to the ETFs

[SouJerz]

The Bezos rumour was doing the rounds at the end of last year after Saylor was a guest at a birthday party for the new woman Bezos is with. Rumour picked up moment again after Bezos starting selling Amazon stock.

Another rumour/prediction doing the rounds is that another Nation state/Government is buying.

And the most ridiculous rumour of the lot is that the Vanguard CEO is stepping down from his job for shunning bitcoin.

Actual real news, Merrill Lynch and Wells Fargo have started offering the ETFs to their clients. That's several $trillions more of AUM that will now have access to the ETFs

Like El Salvador?

[Flexacon]

Like El Salvador?

Bigger/more wealthy. Middle Eastern possibly.

[SouJerz]

Bigger/more wealthy. Middle Eastern possibly.

Isn’t the USA The biggest BTC holder due to confiscation?  And clearly China buying underground.