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

[SouJerz]

Is there a connection between the s&p 500 going up and dipping slightly with bitcoin's movement?

The chart looks similar.

Whats the one year ROI on the S&P right now and the one year ROI on bitcoin right now?

If you want even more fun look at the 5 year s&p chart and the bitcoin 5 year chart.

[Flexacon]

Is there a connection between the s&p 500 going up and dipping slightly with bitcoin's movement?

The chart looks similar.

Some days they look identical, some days they dont.

Long term inverse dxy and bitcoin track

[Flexacon]

I will be completely wrong and I am a retard.

Old accounts dumping en masse like now happens only when tops are forming.

Only 1 time in Bitcoin’s history were old accounts this active and we didn’t hit an ATH. That 1 time was not anything like today.

I was expecting a lot of old accounts to become active, but not because it's a top. Selling and going into ETFs

I can see it going higher than 10% but more for the reason that big OG whale holders redistribute some of the BTC the hold in cold wallets into ETFs. Makes sense to diversify and it makes things like inheritance easier to manage.

Looks more like consolidation though after blasting up here from $52k. I was expecting months long consolidation here, but with the ETFs firing as they are it might be weeks, or maybe even days as Saylor in due to buy again soon.

There is also $2 billion of leverage to wipe out both ways. So probably another 10k daily candle both ways. Up to $71k, dump down to 61K or vice versa.

[gib]

Long term inverse dxy and bitcoin track

Agree!

[gib]

I will be completely wrong and I am a retard.

Old accounts dumping en masse like now happens only when tops are forming.

Only 1 time in Bitcoin’s history were old accounts this active and we didn’t hit an ATH. That 1 time was not anything like today.

One account mate. No Biggie. For every BTC OG selling some Sats, there are 10x Billionaires willing to buy...

[gib]

I was expecting a lot of old accounts to become active, but not because it's a top. Selling and going into ETFs

Agree with that too. I know a number of early hodlers, who are now putting some amount in to the ETFs. Not because they don't believe in self custody, but for convenience, diversification of custody, and also as it helps legitimize their wealth with KYC etc once in the system.

[gib]

https://cointelegraph.com/news/tesla-buying-bitcoin-btc-wallet-curiosity

[SouJerz]

https://cointelegraph.com/news/tesla-buying-bitcoin-btc-wallet-curiosity

They better be that's the only way they are going to be able to show a profit this year on the balance sheet because they are going to lose money selling cars.  Sneaky or Smart Elon?

[Mayday]

Cheers Flex and gib.

I am calling we are going to have the cycle top this month.

My target of 76k likely will be hit next week, if it blows through it, perhaps 96k.

A top in hindsight is always easy to see. I ‘think’ I have enough info to tell me we are at the end, I cannot see it clearly though, it’s still foggy for me.

Buying at 17.5k was an easier call to make than this. It’s plausible 69k was actually the top and we all missed it and perhaps we double top (68k now). This is why I went alts, to give me time for my own error of judgment.

[obsidian]

Not sure if this is legit or not.

https://cryptodaily.co.uk/news-in-crypto/bitcoinik:microstrategy-planning-to-buy-ethereum-eth-report

Microstrategy Planning To Buy Ethereum (ETH): Report

Reportedly Nasdaq listed business intelligence firm Microstrategy planning to invest in Ethereum (ETH).

Microstrategy is a business intelligence firm that is mainly known for its Bitcoin investment strategy. Since Aug 2020, this company has been investing in Bitcoin. This company aimed to add multi-million Bitcoin to the company’s balance sheet. To date, this company is holding 193,000 BTC with a net 73% profit.

On 6 March 2024, Crypto Intelligence News reported that a person close to Microstrategy disclosed that the company was planning to buy Ethereum (ETH) to add to the company’s balance sheet.

The report confirmed that they’re still not sure whether the information is right or not but asked the Microstrategy firm directly on this matter. So far no response from Microstrategy or any executive came on this report.

[obsidian]

I've seen two influencers now thinking Ethereum is going to run to a 30-36% dominance this cycle. Right now it is at around 18.8% and Bitcoin at 50.8%.

[obsidian]

[SouJerz]

Not sure if this is legit or not.

https://cryptodaily.co.uk/news-in-crypto/bitcoinik:microstrategy-planning-to-buy-ethereum-eth-report

Microstrategy Planning To Buy Ethereum (ETH): Report

Reportedly Nasdaq listed business intelligence firm Microstrategy planning to invest in Ethereum (ETH).

Microstrategy is a business intelligence firm that is mainly known for its Bitcoin investment strategy. Since Aug 2020, this company has been investing in Bitcoin. This company aimed to add multi-million Bitcoin to the company’s balance sheet. To date, this company is holding 193,000 BTC with a net 73% profit.

On 6 March 2024, Crypto Intelligence News reported that a person close to Microstrategy disclosed that the company was planning to buy Ethereum (ETH) to add to the company’s balance sheet.

The report confirmed that they’re still not sure whether the information is right or not but asked the Microstrategy firm directly on this matter. So far no response from Microstrategy or any executive came on this report.

This is some sexy news!  Hopefully it’s true.  Maybe Saylor has inside info on the ETF and if the ETF are true for Ether then the price ramp should be similar to what the ETFs did for BTC. 

[SouJerz]

Cheers Flex and gib.

I am calling we are going to have the cycle top this month.

My target of 76k likely will be hit next week, if it blows through it, perhaps 96k.

A top in hindsight is always easy to see. I ‘think’ I have enough info to tell me we are at the end, I cannot see it clearly though, it’s still foggy for me.

Buying at 17.5k was an easier call to make than this. It’s plausible 69k was actually the top and we all missed it and perhaps we double top (68k now). This is why I went alts, to give me time for my own error of judgment.

Why are you selling whether this is a top or not BTC is easily going past 100k at some point.  Are you in it for gambling short term gains? 


And going to alts for what to gamble? what’s your sell ROI number?

[gib]

$70,000.00

[SouJerz]

$70,000.00

There goes the double top theory.

[gib]

FILECOIN IS AWAKENING...

[gib]

New ATH just hit. 70083.06

[obsidian]

Anybody know why BNB is pumping so hard?

The past 7 days it's up 31.32%. Sitting at around $535. I have not yet sold any BNB. The ATH for BNB was $699. Nigeria just slammed Binance with a $10 billion fine. It seems like everyone and their mother is going after Binance. There's negative news everywhere, and almost nobody is talking about BNB on Youtube. And yet here we are. I am starting to root for Binance the underdog.

Perhaps one reason is Coinbase has literally bogged down because of the recent rallies. Binance has not had any major issues.

7 Day Performance:

BTC: 13.05%
ETH: 15.96%
BNB: 31.32%
SOL: 14.93%
DOGE: 30.05%
SHIBA: 63.30%

FILECOIN: 15.31% (FOR GIBS)

[obsidian]

$70,000.00

Lurker should rename the thread when BTC approaches $100,000.

Bitcoins - about to hit $100,000 per coin today!

[Flexacon]

Anybody know why BNB is pumping so hard?

The past 7 days it's up 31.32%. Sitting at around $535. I have not yet sold any BNB. The ATH for BNB was $699. Nigeria just slammed Binance with a $10 billion fine. It seems like everyone and their mother is going after Binance. There's negative news everywhere, and almost nobody is talking about BNB on Youtube. And yet here we are. I am starting to root for Binance the underdog.

Perhaps one reason is Coinbase has literally bogged down because of the recent rallies. Binance has not had any major issues.

7 Day Performance:

BTC: 13.05%
ETH: 15.96%
BNB: 31.32%
SOL: 14.93%
DOGE: 30.05%
SHIBA: 63.30%

FILECOIN: 15.31% (FOR GIBS)

The $10B fine was fake news. Either way it's not one Binance would bother paying.

Loads of Alts, including BNB have or will pump hard as they are following bitcoin. Bitcoin broke it's 52k resistance (sell pressure) and ran up to 70K because there were no sellers in that range. Alts are similarly running up as they are breaking their resistances.

[Mayday]

Lurker should rename the thread when BTC approaches $100,000.

Bitcoins - about to hit $100,000 per coin today!

Maybe start a new thread? 

The 5k title is sort of irrelevant now. A 100k title makes more sense and we can start a new history moving forward. This has been an enjoyable topic.

[delon]

Personally as an observer I feel having all the bitcoin discussion history chronicled in one single thread is one of its greatest strengths: it's literally an anecdotal real-time journey of both the price ebbs & flows and opinion/mood variants over the years, really interesting stuff along with the usual getbig eccentricities

Just my 2 cents tiny fraction of a bitcoin's worth

[Mayday]

Personally as an observer I feel having all the bitcoin discussion history chronicled in one single thread is one of its greatest strengths: it's literally an anecdotal real-time journey of both the price ebbs & flows and opinion/mood variants over the years, really interesting stuff along with the usual getbig eccentricities

Just my 2 cents tiny fraction of a bitcoin's worth

Think of it like chapters. Each chapter has had a different theme, a short story for each. The thread is pretty stale now.

20k was when gib was talking of a new world currency etc

The 65k run had a post Covid world and the Mr Anabolic meltdown

Now we have the road to 100k. different again with myself pushing bearish narratives as we approach the ATH. Some new characters entering recently adding fresh eyes and inputs.

Perhaps we need a group meme coin we pick and all of us buy?

[SouJerz]

I say leave it the way it is like chapters in a book. No need to start a new book. I think mayday is just having second thoughts on his bearish outlook and would rather play ostrich and bury his head in the sand.   The story is far from over as I and gib agree total Bitcoin market cap is headed toward and above gold.  13 trillion or so at that market cap BTC would be 650,000 a coin.  The only question is how many years or decades to get there and how far do we go past 650,000 a coin?   

But you know Pepe shib and doge is always a fun gamble until you’re left holding the bag.