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

[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

[loco]

91919.19

[LurkerNoMore]

Ok, side question.  Here in Bangkok, I heard these Canadian couples talking about how they should get a temporary address in Thailand (like a mailbox rental) because that crypto biz Gate.io no longer did business with many countries like Canada, US, UK, etc.. and the people that had their assets (money) in that company were restricted from accessing it or withdrawing it.  Basically if you lived in the countries where Gate.io was not allowed to do business, it just kept redirecting you to a dead end page informing you that they were not allowed in your country.  What happened here?  Was it a scam operation all along?

[gib]

Ok, side question.  Here in Bangkok, I heard these Canadian couples talking about how they should get a temporary address in Thailand (like a mailbox rental) because that crypto biz Gate.io no longer did business with many countries like Canada, US, UK, etc.. and the people that had their assets (money) in that company were restricted from accessing it or withdrawing it.  Basically if you lived in the countries where Gate.io was not allowed to do business, it just kept redirecting you to a dead end page informing you that they were not allowed in your country.  What happened here?  Was it a scam operation all along?

First of all, the best way to hold BTC is in self custody- not on any exchange.

Second, if you want to avoid an exchange, and don't want to hold in self custody, you can buy a BTC ETF, like IBIT.

I am not sure about the legitimacy of Gate.io, but in any case, if using an exchange I would suggest only using an exchange which is regulated in the country it operates in. If an exchange is not licensed to operate in a country, then it will do its best not to serve customers from such a country.

BTC itself of course cannot be stopped. It will do what it does anywhere in the world, and if you want to buy/sell/trade it, you can always do this anywhere in the world peer to peer.

[Flexacon]

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...

Pretty obvious why ETH will outperform in 2025. With Crypto laws in the US becoming more friendly
- Eth defi activity will pick up in a big way.
- Eths deflationary narrative will pick up in a big way.
- A push for Eth ETFs with Staking will happen. It really isn't an attractive product without the staking yields.
- Also you will still get your typical rotation into Eth as people get more bullish on crypto and move up the risk curve.

Fade it if you want but the reprice is gonna happen soon.

[Flexacon]

Ok, side question.  Here in Bangkok, I heard these Canadian couples talking about how they should get a temporary address in Thailand (like a mailbox rental) because that crypto biz Gate.io no longer did business with many countries like Canada, US, UK, etc.. and the people that had their assets (money) in that company were restricted from accessing it or withdrawing it.  Basically if you lived in the countries where Gate.io was not allowed to do business, it just kept redirecting you to a dead end page informing you that they were not allowed in your country.  What happened here?  Was it a scam operation all along?

Same reason some gambling and poker sites are banned in certain countries.

[gib]

Just a little halloween update. Eth hit a new 3 year low to BTC, with the Eth to BTC ratio hitting a new low of 0.036. Its a spookily terrible performance against BTC over the last 3 years.

I expect that as we approach the next surge towards BTC 74K that ratio of Eth to BTC might fall even to 0.035 (and that this could well happen this month). And maybe even 0.034 by end of year.

Well that didn't take long did it. Eth indeed just hit yet another 3 year new low to BTC and has now hit the 0.034 ratio I predicated above.

We are really in a lock-step pattern decline pattern here for ETH, where any "gain in ETH" is quickly sold off, and then put into either BTC, or non-ETH alts with an aim of eventually converting those alts back into BTC.

Eth is now down to BTC as follows:

3.5% on the day
14% over last 5 days
15% over last month
27% over last 6 months
36% YTD
38% over last year
43% last 2 years
47% last 3 years

Lets see what 2025 brings - I would suspect upside for both BTC and ETH, but with Eth containing to lag and fall behind BTC as Eth gets sold off to buy BTC and Sol/alts.