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

[Mayday]

He basically found an infinite money glitch and him always buying at the tops all make sense now. It can't be long now before others start doing the same thing as him.

Correct, he is betting on the bottoms. His share price is effectively leveraged against Bitcoin at tops allowing him access to more funding to Degen. So he waited for the top now, dilutes the shares which are already leveraged in value vs Bitcoin then takes out 700M leverage on top to buy more Bitcoin.

His bet is his shareholders are fine with the bear market and a temporary -90% drop in share price.
It’s Tier 1 Degen stuff But then you see just how much fuckwittery is going on at MSTR.

He won. Victory was there for the taking. Now, running the gauntlet a second time, hopefully not clutching defeat from the claws of victory. It’s the main bad guy who has the main character as his feet but instead of Shooting he decides to give a run down of his brilliant plan, better pray he got the S&P right

[Amerian Muscle]

what does a post 1 million bitcoin world look like? 2 classes of people? no coiners and bitcoiners? nocoiners work and slave, bitcoiners retire?

[SouJerz]

https://x.com/ki_young_ju/status/1767441447702413547?s=20

Could this trigger the blastoff?

Also we touched a new ATH today 73,845  and no one seems to care, futures are interesting too.  Seems like big dogs are selling the futures to suppress price and then buying up everything cheap, when they are done accumulating they'll unwind their shorts and squeeze the sucker shorts left at the table.

we might blast off to highs not even thought of, but hopefully we cross 150k maybe touch 300k for a hot minute.

Add in Michael Saylors infinite money glitch tapping the convertible bond market, if another big company emulates him its game over.

Bigger than Taylor Swift!

[Flexacon]

This date could be another potential catalyst for more upside momentum. We might find out if Bezos bought, if pension funds have been buying. If someone like Renaissance Technologies bought then the fomo from tradfi could be crazy. Pelosi, Burry, or Ryan Cohen buying would whip retail into a frenzy too.

Matt Hougan
@Matt_Hougan
For everyone wondering "who is buying" bitcoin ETFs, I'd circle May 15th on your calendar.

Investors with more than $100m in AUM have to file reports with the SEC called "13-F Filings" disclosing their publicly traded holdings.

Those filings are due 45 days after the end of the calendar quarter. While they don't capture everyone -- and are just a snapshot in time -- I think some of the names on those filings will surprise people (to the upside).

[loco]

This date could be another potential catalyst for more upside momentum. We might find out if Bezos bought, if pension funds have been buying. If someone like Renaissance Technologies bought then the fomo from tradfi could be crazy. Pelosi, Burry, or Ryan Cohen buying would whip retail into a frenzy too.

Matt Hougan
@Matt_Hougan
For everyone wondering "who is buying" bitcoin ETFs, I'd circle May 15th on your calendar.

Investors with more than $100m in AUM have to file reports with the SEC called "13-F Filings" disclosing their publicly traded holdings.

Those filings are due 45 days after the end of the calendar quarter. While they don't capture everyone -- and are just a snapshot in time -- I think some of the names on those filings will surprise people (to the upside).

 

Bitcoin Drops Below $69,000 Amid Heightened Risk, According to On-chain Data

Mar 15, 2024 07:39 EDT

https://www.tradingview.com/news/coinedition:8291e0f3e094b:0-bitcoin-drops-below-69-000-amid-heightened-risk-according-to-on-chain-data/

[Flexacon]

Mar 15, 2024 07:39 EDT

https://www.tradingview.com/news/coinedition:8291e0f3e094b:0-bitcoin-drops-below-69-000-amid-heightened-risk-according-to-on-chain-data/

What's that got to do with my post 

[loco]

What's that got to do with my post 

Maybe I misunderstood this part and got my hopes up a little?

This date could be another potential catalyst for more upside momentum.

[SouJerz]

“Beware of the ides of March”

[Flexacon]

Maybe I misunderstood this part and got my hopes up a little?

The bolded date. May 15th.

Anyway ignore glassnode. On-chain analysts have a terrible track record on predicting things.

The price drops looks like leveraged long getting liquidated and later someone big getting liquidated on a short MSTR/long BTC trade

[dj181]

shitcoins

[gib]

So did anyone buy the dip? I did, just a little, as I am pretty much fully allocated as much as I am comfortable with. But I always nibble a little bit when juicy dips come along.

[SouJerz]

So did anyone buy the dip? I did, just a little, as I am pretty much fully allocated as much as I am comfortable with. But I always nibble a little bit when juicy dips come along.

"Does a bear shit in the woods?"

Waited all day Saturday and stacked some satoshis at around 65,500. 

I've noticed over the past few years for some reason bitcoins nicest pull backs come on Saturday's, although that's not to say I haven't seen it ramp up on Saturdays but I've just noticed it dipping more on Saturday than any other day, IMO.

All though wish I would have picked up some more Solana when it dipped below 90.  Its been on a tear recently.  Recent pattern is Solana moves first then a few days/weeks later BTC then Ether then ALT's, and when BTC is ramping Solana seems to Dip.  Wonder why?

https://cointelegraph.com/news/who-is-mr-100-bitcoin-whale-btc-holder

Also curious as to who or what institution this whale is.

[gib]

"Does a bear shit in the woods?"

Waited all day Saturday and stacked some satoshis at around 65,500. 

I've noticed over the past few years for some reason bitcoins nicest pull backs come on Saturday's, although that's not to say I haven't seen it ramp up on Saturdays but I've just noticed it dipping more on Saturday than any other day, IMO.

All though wish I would have picked up some more Solana when it dipped below 90.  Its been on a tear recently.  Recent pattern is Solana moves first then a few days/weeks later BTC then Ether then ALT's, and when BTC is ramping Solana seems to Dip.  Wonder why?

https://cointelegraph.com/news/who-is-mr-100-bitcoin-whale-btc-holder

Also curious as to who or what institution this whale is.

Nice work - whether it drops a bit further, or goes up again, reality is you used this opportunity to get more of your share of perfectly scarce Sats, which citizens of the world will increasingly want.

And for the general cycle of BTC vs Sol vs Dgen Alts, I think basically the big money moves into BTC. This is the HNW crowd, the ETFs, blue-chip investors, and some traditional retail. This increase in value in turn increases the spending power of some of the smaller and earlier BTC "crypto investors", who see BTC as their base, but see alts as a way yo ultimately increase their BTC stack. In the past, this crowd would have bought ETH. However this time around, they have started to skip ETH, and so SOL becomes this cycle's Eth, and then you get some pumps on the infinite number of shitcoins and memecoins.

[SouJerz]

Nice work - whether it drops a bit further, or goes up again, reality is you used this opportunity to get more of your share of perfectly scarce Sats, which citizens of the world will increasingly want.

And for the general cycle of BTC vs Sol vs Dgen Alts, I think basically the big money moves into BTC. This is the HNW crowd, the ETFs, blue-chip investors, and some traditional retail. This increase in value in turn increases the spending power of some of the smaller and earlier BTC "crypto investors", who see BTC as their base, but see alts as a way yo ultimately increase their BTC stack. In the past, this crowd would have bought ETH. However this time around, they have started to skip ETH, and so SOL becomes this cycle's Eth, and then you get some pumps on the infinite number of shitcoins and memecoins.

Agree with you there gib if it drops further, just another opportunity to stack some satoshi's. 
From a WSJ article they're saying financial advisors haven't even started tapping into the ETF's yet it's most retail investors.  That's 30 trillion worth of assets on the sideline managed by financial advisors that hopefully a fraction of enters the BTC market.   Remember 21 million Bitcoins minus 3-4 million lost forever and there are only 60 million millionaires on the planet.

[obsidian]

Nice work - whether it drops a bit further, or goes up again, reality is you used this opportunity to get more of your share of perfectly scarce Sats, which citizens of the world will increasingly want.

And for the general cycle of BTC vs Sol vs Dgen Alts, I think basically the big money moves into BTC. This is the HNW crowd, the ETFs, blue-chip investors, and some traditional retail. This increase in value in turn increases the spending power of some of the smaller and earlier BTC "crypto investors", who see BTC as their base, but see alts as a way yo ultimately increase their BTC stack. In the past, this crowd would have bought ETH. However this time around, they have started to skip ETH, and so SOL becomes this cycle's Eth, and then you get some pumps on the infinite number of shitcoins and memecoins.

ETH is doing fine. It's up 63.88% right now over the past 3 months, compared to BTC's increase of 61.94%. SOL and ETH are both currently trading around 76% off ATH prices.

Solana has done so well because it crashed to $8 after the FTX fiasco. SBF is a Jew like Madoff and Belfort. Solana was founded by an Ukrainian Jew. Jews stick together, which is why FTX was heavily invested in Solana.

And now FTX and Alameda dumped a lot of ETH. They've done this numerous times in the past. The sooner these assholes get out of crypto the better for everyone.

Interesting that ETH was able to keep up with BTC for the past 3 months even when BTC had all the ETF action going on.

FTX, Alameda Dump $24 Million in Ethereum on Coinbase; Investors Panic

https://coinpedia.org/news/ftx-alameda-behind-ethereum-price-drop-secretly-dump-24-57-million-eth/

In a move rattling the crypto world, bankrupt exchanges FTX and Alameda have unloaded $24.57 million worth of Ethereum on Coinbase. This fire sale of ETH has coincided with price dips, sparking speculation of market manipulation or a deeper game at play.

Was this a desperate attempt to regain control, or a strategic move with hidden motives?

[obsidian]

Perhaps the lack of SEC commentary regarding the ETH ETF applications is because those applications already included the BTC ETF revisions that the SEC requested.

https://www.tradingview.com/news/coinedition:2c83a627d094b:0-grayscale-files-crucial-ammendment-on-spot-ethereum-etf/

Grayscale Files Crucial Amendment on Spot Ethereum ETF

According to Craig Salm, Grayscale’s Chief Legal officer, the firm has submitted an amended Form 19b-4 filing for its Ethereum ETF application. Salm considers the move a crucial step in Grayscale’s effort to upgrade ETHE to start trading on the New York Stock Exchange (NYSE) Arca.

[obsidian]

Agree with you there gib if it drops further, just another opportunity to stack some satoshi's. 
From a WSJ article they're saying financial advisors haven't even started tapping into the ETF's yet it's most retail investors.  That's 30 trillion worth of assets on the sideline managed by financial advisors that hopefully a fraction of enters the BTC market.   Remember 21 million Bitcoins minus 3-4 million lost forever and there are only 60 million millionaires on the planet.

There's also only 21 million ZCash and it is more private and less transparent than BTC. That turned out to be a negative. But, the scarcity element of BTC is not unique. Someone can develop a token with only a 1 million supply or less. BTC has the first-mover advantage.

[SouJerz]

ETH is doing fine. It's up 63.88% right now over the past 3 months, compared to BTC's increase of 61.94%. SOL and ETH are both currently trading around 76% off ATH prices.

Solana has done so well because it crashed to $8 after the FTX fiasco. SBF is a Jew like Madoff and Belfort. Solana was founded by an Ukrainian Jew. Jews stick together, which is why FTX was heavily invested in Solana.

And now FTX and Alameda dumped a lot of ETH. They've done this numerous times in the past. The sooner these assholes get out of crypto the better for everyone.

Interesting that ETH was able to keep up with BTC for the past 3 months even when BTC had all the ETF action going on.

FTX, Alameda Dump $24 Million in Ethereum on Coinbase; Investors Panic

https://coinpedia.org/news/ftx-alameda-behind-ethereum-price-drop-secretly-dump-24-57-million-eth/

In a move rattling the crypto world, bankrupt exchanges FTX and Alameda have unloaded $24.57 million worth of Ethereum on Coinbase. This fire sale of ETH has coincided with price dips, sparking speculation of market manipulation or a deeper game at play.

Was this a desperate attempt to regain control, or a strategic move with hidden motives?

LOL and hear i thought solana was Korean, and funny you mention Jew,  I know this Jew Chiro who missed out on  Solana in 2021 had tip from one of his wealthy clients that he touches for money.  This time he invested in solana at aroun $100, funny how they stick together. 

[SouJerz]

There's also only 21 million ZCash and it is more private and less transparent than BTC. That turned out to be a negative. But, the scarcity element of BTC is not unique. Someone can develop a token with only a 1 million supply or less. BTC has the first-mover advantage.

This guy is clearly not a whole coiner...

https://99bitcoins.com/bitcoin-obituaries/  Here you go mate some fun reading material for you.

[Flexacon]

All though wish I would have picked up some more Solana when it dipped below 90.  Its been on a tear recently.  Recent pattern is Solana moves first then a few days/weeks later BTC then Ether then ALT's, and when BTC is ramping Solana seems to Dip.  Wonder why?

And for the general cycle of BTC vs Sol vs Dgen Alts, I think basically the big money moves into BTC. This is the HNW crowd, the ETFs, blue-chip investors, and some traditional retail. This increase in value in turn increases the spending power of some of the smaller and earlier BTC "crypto investors", who see BTC as their base, but see alts as a way yo ultimately increase their BTC stack. In the past, this crowd would have bought ETH. However this time around, they have started to skip ETH, and so SOL becomes this cycle's Eth, and then you get some pumps on the infinite number of shitcoins and memecoins.

If only someone had the foresight to call this stuff months back 

Well done on the gains. You can already have a very impressive DEX experience with Solana. Last bull run small cap fun was on BNBSC, this run now might be the time for some fun wif small caps on Solana    Dapps like Jupiter, Orca and Raydium make it all incredibly easy to use.

Sure SOL could end up in a LUNA death spiral, but before it does that it probably keeps going up in a big way. The ecosystem is getting a free $1B in liquidity via airdrops from Jupiter exchange. The ponzi pump there is far from over.

I know I won't be fading it.

Glad everyone is staying hydrated though.

[gib]

Dude we have been over this countless times on this thread.

Yes, there will always be shitcoins launched in attempts to suck money from Bitcoin's ever growing cap. Its nastyt and disingenuous, (and also clearly illegal in many cases, depending on how its done), but the temptations and risk/reward for the shitcoin founders are too great, so it will happen.

Yes, despite every cycle ending with shitcoin collapsing, there will be shitcoiners sucked into thinking that this time they can make money with a new shitcoin in a new cycle.

The people who launch shitcoins are the primary beneficiary of shitcoin launches (and ironically they store their gains in Bitcoin). A small number of people who buy shitcoins will also make money - those closest to the top ot the chain, and those "investors" who are able to get in (and then out) with the best timing ahead of all others.

Many more people will lose money on shitcoins than make money, but all will be hoping they they are able to outsmart and make money at the cost of other shitcoiners left holding the bag.

Shitcoins collapse, and eventually the cycle everything repeats, only with a new generation of coins, and with many of those people burned having learned their lesson and this time sticking to BTC, but still a new and naive class of kids and degens coming along ready to be fleeced.

Again, this does not mean that there will not be some people who make money on shitcoins. Some will. But far more will lose money than make money.

[SouJerz]

Dude we have been over this countless times on this thread.

Yes, there will always be shitcoins launched in attempts to suck money from Bitcoin's ever growing cap. Its nastyt and disingenuous, (and also clearly illegal in many cases, depending on how its done), but the temptations and risk/reward for the shitcoin founders are too great, so it will happen.

Yes, despite every cycle ending with shitcoin collapsing, there will be shitcoiners sucked into thinking that this time they can make money with a new shitcoin in a new cycle.

The people who launch shitcoins are the primary beneficiary of shitcoin launches (and ironically they store their gains in Bitcoin). A small number of people who buy shitcoins will also make money - those closest to the top ot the chain, and those "investors" who are able to get in (and then out) with the best timing ahead of all others.

Many more people will lose money on shitcoins than make money, but all will be hoping they they are able to outsmart and make money at the cost of other shitcoiners left holding the bag.

Shitcoins collapse, and eventually the cycle everything repeats, only with a new generation of coins, and with many of those people burned having learned their lesson and this time sticking to BTC, but still a new and naive class of kids and degens coming along ready to be fleeced.

Again, this does not mean that there will not be some people who make money on shitcoins. Some will. But far more will lose money than make money.

Let me guess your favorite author is Ayn Rand?

[gib]

Let me guess your favorite author is Ayn Rand?

Interesting! I did not formally study philosophy, but will look into her writings.

[SouJerz]

Interesting! I did not formally study philosophy, but will look into her writings.

lol it's a joke I was listening to Joe Rogan podcast with Zack Snyder and he said Ayn Rand was his favorite author and he wanted to do a series on Netflix for her book The Fountainhead   

Rogan goes "This is what people think when you say you like the Fountainhead, "oh you're one of those guys, an Incel, let me guess you're into Bitcoin too?"

my friend who has been stacking satoshi's since 2016 is a huge Ayn Rand and fountainhead fan, incel not so sure.

[gib]

lol it's a joke I was listening to Joe Rogan podcast with Zack Snyder and he said Ayn Rand was his favorite author and he wanted to do a series on Netflix for her book The Fountainhead   

Rogan goes "This is what people think when you say you like the Fountainhead, "oh you're one of those guys, an Incel, let me guess you're into Bitcoin too?"

my friend who has been stacking satoshi's since 2016 is a huge Ayn Rand and fountainhead fan, incel not so sure.

If she was around now, she would be a bitcoiner I think. Likely a lot of leading ethical and economic philosophers would.