Author Topic: Bitcoins - about to hit $5,000 per coin today!  (Read 1130456 times)

Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11375 on: November 05, 2024, 11:50:10 AM »
. And the dollar has devalued quite a bit since then.

I am guessing cryptos including Bitcoin crashed because people are unsure about Trump's chances in this election. BTC crashed to $67k yesterday. It's up now.

US Money Supply has been in contraction for a couple of years, currently around -6% from peak.

Average expansion for prior cycles was ballpark +18% but last cycle hit over 50% and it was the worst gains BTC had experienced, it also broke prior rules of not dropping lower than prior peak prices during the bear market.

DXY is currently +40% higher now vs when it began.

This is the first time Bitcoin has run a bull market during a money supply contraction.

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11376 on: November 05, 2024, 12:02:30 PM »
US Money Supply has been in contraction for a couple of years, currently around -6% from peak.

Average expansion for prior cycles was ballpark +18% but last cycle hit over 50% and it was the worst gains BTC had experienced, it also broke prior rules of not dropping lower than prior peak prices during the bear market.

DXY is currently +40% higher now vs when it began.

This is the first time Bitcoin has run a bull market during a money supply contraction.

Very slight - M2 was around 22T in 2022, and now around 21T in 2024. But that came after a massive increase in 2020 from about 15T to 20T. BTC, apart from macro factors, continues to benefit purely from on-going adoption which is still in the early phases. Lets see what 2025-2026 brings and if money printer starts to go brrrrrrrr again...

Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11377 on: November 05, 2024, 02:46:39 PM »
Very slight - M2 was around 22T in 2022, and now around 21T in 2024. But that came after a massive increase in 2020 from about 15T to 20T. BTC, apart from macro factors, continues to benefit purely from on-going adoption which is still in the early phases. Lets see what 2025-2026 brings and if money printer starts to go brrrrrrrr again...

Well, we all interpret data differently.

I would like to see Saylor buy a few billion right here. Signal to everybody it’s all going to moon.

SouJerz

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11378 on: November 05, 2024, 07:35:37 PM »
BTC New all time high!!

loco

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11379 on: November 05, 2024, 07:41:27 PM »

Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11380 on: November 05, 2024, 08:05:10 PM »
Tapped 75k…..

That damn 76k of mine is proving to be an absolute bastard of a target isn’t it 😂

X filled with so much euphoric bragging right now they’re all forgetting they need to keep buying. Someone hit market buy already!!!

FitnessFrenzy

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11381 on: November 05, 2024, 09:46:12 PM »
Bitcoin up 7% clearly in anticipation of a Trump win.

SouJerz

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11382 on: November 06, 2024, 03:44:40 AM »
DOGE up 85% on the month

loco

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11383 on: November 06, 2024, 04:17:56 AM »
Stocks, bond yields and bitcoin surge as Trump wins US election
https://apnews.com/article/stock-markets-rates-china-93421462d761eb1402d813cb381fe6e9


SouJerz

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11384 on: November 06, 2024, 04:53:59 AM »
😂

Griffith

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11385 on: November 06, 2024, 05:05:11 AM »
Tapped 75k…..

That damn 76k of mine is proving to be an absolute bastard of a target isn’t it 😂

X filled with so much euphoric bragging right now they’re all forgetting they need to keep buying. Someone hit market buy already!!!

So no more 'well below 40k' and 'bear market' prediction?

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11386 on: November 06, 2024, 05:12:40 AM »
😂

loco

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11387 on: November 06, 2024, 06:06:14 AM »
BTC New all time high!!

😂

😂

Quote
BTC $100K by March, 2024



Quote
BTC > $100K right after April 2024 halving. If not, then by September - October 2024



 :D


SouJerz

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11388 on: November 06, 2024, 06:21:40 AM »
Keep stacking satoshis!!!

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11389 on: November 06, 2024, 11:39:16 AM »
A few quick thoughts. When BTC is 1m, these movements (which seem big in the current perspective), will be almost unnoticeable blips on the graph.

Having said that, it is of course always nice to hit a new ATH, but we have so much more to come.

I have had a few PMs asking me about what price to buy, and any alts to recommend. I don't have time to respond, but would urge anyone with those questions, just to post it on this thread - no need to be shy!

So, what price to buy BTC at? I would say, its far more important just to buy (and HODL) than to try to predict will it fall back below 70, 69, 65, or whatever. Hodl time really is the cure of any BTC purchase which goes underwater for a period of time.

I have been buying regularly since 3K, and as of now not a single satoshi is underwater. So, if on my next buy I buy at 75, and it drops under, I don't worry in the slightest.

As to why are only some alts pumping, not others, I would say the biggest moves would be around solid alts where there may have been concern about regulatory breaches. That includes Uniswap, Filecoin as good examples. And of course the smaller and more useless alts and memes etc all get a boost from BTC's rise also - a rising tide float all boats (although eventually, a broken boat will sink even in a rising tide...)


Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11390 on: November 06, 2024, 12:07:28 PM »
So no more 'well below 40k' and 'bear market' prediction?

I don’t give moves anymore as it didn’t benefit anyone. Yes I have been bearish since the first peak and price went down for half a year, did you miss alts getting obliterated where you can buy -95% down? I’m already in position and posted that along saying a peak in October this year many times, it’s seasonality, doesn’t mean price moons indefinitely.

People lack patience. My target was 76k and we got 73.8k and 75.9k. It needs to break it and go 79k. The higher we get now, the higher we go next year and that is more important than what lows we might see. FWIW I am not selling here.

I got the election outcome wrong so outcomes will change 🤷

SouJerz

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11391 on: November 06, 2024, 12:13:20 PM »
lol you spell “I WAS WRONG”. Really funny

SouJerz

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11392 on: November 06, 2024, 12:14:10 PM »
New ATH 76,096

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11393 on: November 06, 2024, 12:18:34 PM »
I don’t give moves anymore as it didn’t benefit anyone. Yes I have been bearish since the first peak and price went down for half a year, did you miss alts getting obliterated where you can buy -95% down? I’m already in position and posted that along saying a peak in October this year many times, it’s seasonality, doesn’t mean price moons indefinitely.

People lack patience. My target was 76k and we got 73.8k and 75.9k. It needs to break it and go 79k. The higher we get now, the higher we go next year and that is more important than what lows we might see. FWIW I am not selling here.

I got the election outcome wrong so outcomes will change 🤷

Well we just hit your 76, my man!

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11394 on: November 06, 2024, 12:19:49 PM »
If we get to 79, this could be our first ever btc godcandle.

SouJerz

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11395 on: November 06, 2024, 12:22:16 PM »
What does the 200 mean? Should that tell us something?

Sorry, I’m unsure what it is you are pointing out.


That’s when I will be right and you will be wrong.  😂

Today is day 201 since April 19th 2024 when bitcoin last halved. And we hit a new ATH that’s what happens historically 200 days post bitcoin halving.  Remeber mayday there are 2 wolves and they are both wrong.  😂

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11396 on: November 06, 2024, 12:23:17 PM »
Well we just hit your 76, my man!

KEEP STACKING SATOSHIS!!! 201 days post halving NEW ATH!!!

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11397 on: November 06, 2024, 12:31:22 PM »
My MSTR is now up over 800% from purchase price. Insane! Wish I had bought more...

Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11398 on: November 06, 2024, 12:49:19 PM »
Well we just hit your 76, my man!

76,176!

knocked below straight away but just need that buy pressure to keep up a little linger to get above and stay there  🥳

SouJerz

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11399 on: November 06, 2024, 12:57:35 PM »

That’s when I will be right and you will be wrong.  😂

Today is day 201 since April 19th 2024 when bitcoin last halved. And we hit a new ATH that’s what happens historically 200 days post bitcoin halving.  Remeber mayday there are 2 wolves and they are both wrong.  😂

Crickets.  So surprising.