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

[SouJerz]

84,999.98!

[gib]

Imagine if we saw our first ever BTC God-Candle today. We are about a half god candle on the day so far.

I am so happy by the way, for every GetBigger who understood the importance of BTC early on during this thread. GetBig not only entertained us - it also made many of us significantly wealthier.

[gib]

85858.85

[gib]

How do you calculate the fundamental value of BTC?

BTC has no intrinsic value. That's the point. Its value is based entirely on supply and demand as the world's centralized store of value. So the value is calculated as a function of demand vs supply.

Alts on the other hand are not BTC, and they are unlimited in supply. Hence unless they have some calculatable intrinsic value, they go to zero over time...

There are some rare exceptions - Filecoin as an example, does have a value which can be ascertained, as the service it enables actually makes it money. Same with Uni-swap. Therefore these are not "alts" in that they are not alternatives to BTC. But rather securities in a venture.

[gib]

I don't see why cryptos should lose value against a shitcoin like the dollar. Almost all have better tokenomics.

https://www.usinflationcalculator.com/

We will hit $36 trillion soon. Total unfunded liabilities is at $220 trillion.

https://www.usdebtclock.org/

Agree about the dollar. However, you are missing one crucial point (you as so so close to getting it, and you will do so in the end). Alts ae not finite in supply - they are infinite.  For the vast vast majority their only really purpose is to separate you from your Bitcoin.

[Lartinos]

People have been shorting this whole rise, I’ve slowly selling since we swung the ATH above 74 and I still have some left.

I don’t see much weakness yet, but it could happen quickly.

[gib]

People have been shorting this whole rise, I’ve slowly selling since we swung the ATH above 74 and I still have some left.

I don’t see much weakness yet, but it could happen quickly.

You should be slowly buying, not slowly selling - you will regret every single sat sold in the future...

[SouJerz]

Keep stacking satoshis!!!

[SouJerz]

People have been shorting this whole rise, I’ve slowly selling since we swung the ATH above 74 and I still have some left.

I don’t see much weakness yet, but it could happen quickly.

Everyone “gets it” at the price they deserve.

[obsidian]

It's getting crazy now. Doge is up 214.44% the past 30 days. It fluctuates of course. Doge ATH was $0.753 on 5/7/2021. Another 200% move and we're at $1.05. How high will it go if the D.O.G.E department is created?

https://dogedepartment.com/
https://www.benzinga.com/trading-ideas/movers/24/11/41871148/dogecoin-swells-29-becomes-sixth-largest-crypto-as-investors-await-elon-musk-headed-doge-department-under-trump

[SouJerz]

462 pages of banter    from $5,000  to $89,000...... and the take away is "how about buying this shit coin?"

[gib]

462 pages of banter    from $5,000  to $89,000...... and the take away is "how about buying this shit coin?"

Lol you are so right. Well some people listened - I had had a number of "thank you" messages in the part. I suspect GetBig has made more than a few genuine millionaires out of its members, which is pretty cool.

[gib]

88,888.88

[loco]

88,888.88

Bitcoin tops $89,000 as crypto euphoria over Trump win shows no sign of waning
https://www.cnbc.com/2024/11/11/crypto-market-today.html

[D.O.A.]

Bitcoin tops $89,000 as crypto euphoria over Trump win shows no sign of waning
https://www.cnbc.com/2024/11/11/crypto-market-today.html

I kept all my bitcoin and I have cro as well and cro made me a little fortune the last few days. Its the "Trump Pump" in full force! lol!

[loco]

I kept all my bitcoin and I have cro as well and cro made me a little fortune the last few days. Its the "Trump Pump" in full force! lol!

Congratulations! 

[gib]

Obsidian - it looks like the possible bottom of the Eth to BTC decline may have been short-lived. As of now, the trend seems to be very much intact again, Let's see...

Eth can still move up, but it seems, if the trend continues, that it will move up at a slower rate than BTC (which should really be quite concerning given ETH's much smaller market cap).

[SouJerz]

HOW do the ETH ETF inflows compare with BTC ETF’s?

[Flexacon]

Obsidian - it looks like the possible bottom of the Eth to BTC decline may have been short-lived. As of now, the trend seems to be very much intact again, Let's see...

Eth can still move up, but it seems, if the trend continues, that it will move up at a slower rate than BTC (which should really be quite concerning given ETH's much smaller market cap).

No different to the last 2 cycles. You can try argue this time it will be different, but those making those arguments aren't doing that hot this cycle. Eth catch up play starts in 2025

[Griffith]

Obsidian - it looks like the possible bottom of the Eth to BTC decline may have been short-lived. As of now, the trend seems to be very much intact again, Let's see...

Eth can still move up, but it seems, if the trend continues, that it will move up at a slower rate than BTC (which should really be quite concerning given ETH's much smaller market cap).

Look at the charts from the past few cycles.

[gib]

Look at the charts from the past few cycles.

Indeed - almost any alt starts to underperform to BTC after more then one cycle (for obvious reasons).

[gib]

HOW do the ETH ETF inflows compare with BTC ETF’s?

The ETH ETF flows pale in comparison to BTC. Barely any institutional demand for ETH EFT compared to ETH. But as an ETF per se, it was quite successful.

[Griffith]

Indeed - almost any alt starts to underperform to BTC after more then one cycle (for obvious reasons).

If you look at the charts from the past few cycles you will see that ETH lags behind at the beginning of the bull run.

Starts with BTC pumping, then ETH, followed by altcoins and finally memecoins at the end of the cycle.

This is how money has been rotating in past cycles.

[gib]

Here is the Eth to BTC ratio chart for the last 5 years. We see Eth peaked to to BTC in value in since in mid 2021, and has been falling ever since, including in 2022, 2023, 2024. Lets see what 2025 holds...

Eth peaked to BTC as a ratio of 0.15 BTC to one ETH back in 2017 when it was the "shiny new thing". Since then, it has performed terribly to BTC, falling all the way from 0.15 to 0.036 - a decline trend which seems very likely to continue (for obvious reasons, if you understand the fundamental use case distinctions between the 2).

It would take a brave person to sell BTC buy ETH (or any alt) in 2025, (especially if the best logic you have is that there was a prior "trend" and that history will repeat itself -  there really are always new and novel attempts out there to attempt to separate you from your Sats in exchange for something "better". And very year, and every cycle, lessons are learned...

[gib]

91919.19