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

[loco]

$93,939.39

[gib]

Wow- My MSTR now up over 1300% from time of purchase. Insane.

Mayday - I believe we can now both agree I have now been truly vindicated in my views on MSTR which we debated a year ago, right?

[Mayday]

Wow- My MSTR now up over 1300% from time of purchase. Insane.

Mayday - I believe we can now both agree I have now been truly vindicated in my views on MSTR which we debated a year ago, right?

Absolutely epic run, I agree. In addition, Saylor is a man of his word and continues to cement his place as CEO of Bitcoin. With MSTR a clear leverage on leverage play, its rallying hard which is great news for all of us.

Yes, awesome play by you on MSTR. Well done 👍  just don’t forget I said it’s about the drawdowns in the bear market, that’s where the risk is for them. When we go up it’s not a risk as we have seen. The balls on this guy though, seriously I am rooting for him, we love an underdog.

I am more bullish than most here which is ironic. I still have a bottoming in Mar 2025 fwiw as it’s a decade long trend but We all have roles to play and push/pull is the equilibrium.

I bought my first Bitcoin already BTW 😀 just the 1.

Like many countries, down here it’s harder to buy Bitcoin vs 4yrs ago. I had some big numbers (for a peasant) on our largest exchange last cycle. This week I sent $500 to top up my ETH gas and it has been heldup by our largest bank…… yet I can withdraw 50k per day. Liquidity is much worse vs 2021 as a result.

People can draw their own conclusion from that.

[SouJerz]

Absolutely epic run, I agree. In addition, Saylor is a man of his word and continues to cement his place as CEO of Bitcoin. With MSTR a clear leverage on leverage play, its rallying hard which is great news for all of us.

Yes, awesome play by you on MSTR. Well done 👍  just don’t forget I said it’s about the drawdowns in the bear market, that’s where the risk is for them. When we go up it’s not a risk as we have seen. The balls on this guy though, seriously I am rooting for him, we love an underdog.

I am more bullish than most here which is ironic. I still have a bottoming in Mar 2025 fwiw as it’s a decade long trend but We all have roles to play and push/pull is the equilibrium.

I bought my first Bitcoin already BTW 😀 just the 1.

Like many countries, down here it’s harder to buy Bitcoin vs 4yrs ago. I had some big numbers (for a peasant) on our largest exchange last cycle. This week I sent $500 to top up my ETH gas and it has been heldup by our largest bank…… yet I can withdraw 50k per day. Liquidity is much worse vs 2021 as a result.

People can draw their own conclusion from that.

Wait a minute…. Aren’t you the guy that said bitcoin would top at 76k? You know just some food for thought. 

[SouJerz]

95,000.00!!!

https://www.benzinga.com/markets/cryptocurrency/24/11/42076384/dogecoin-millionaire-predicts-ethereum-to-hit-15000-if-bitcoin-cracks-200000

New article if BTC hits 200,000.00 ETH will hit 15,000.00. Fingers crossed obsidian.

[Mayday]

Wait a minute…. Aren’t you the guy that said bitcoin would top at 76k? You know just some food for thought.

It did. I did 17.5k to 73.1k. Then price went down for 7mths and I rebought -90% or more down on alts. You said 100k in March.

I’m already on my second bullrun vs people still in their first. On this current run I said it had to break 76k decisively to break trend. It did.

[SouJerz]

lol why is it so hard for you to admit you are flat out wrong?   You remind me of like every girl friend I’ve ever had.  You can’t admit you are wrong and constantly want to change the topic to one you are correct at.   Here I’ll say it for you. 


Mayday is a dumbass.  This dumbass said bitcoin will top out at 76k he said he was a genius for selling at 73k but no he was wrong.   He is wrong.  But he will always argue that he is right.

[SouJerz]

96,563.26!!!

Keep stacking satoshis!

[gib]

$96969.69

[gib]

$97979.79

[gib]

@Obsidian - do you recall our prior discussion on mining costs? You were concerned BTC miners were not profitable, whereas I pointed out that many were profitable and indeed were evening using excess funds to buy BTC, and where I explained the natural mining cycle?

Well, now, exactly as I have said, you can see - average cost of mining reported by MacroMicro to be $83349. Average price of coin now $97,000. So, not only is mining profitable, hash rate at record highs, but also the mining companies have made massive gains on the BTCs they accumulated (which they can either hodl, or use for business costs of cap-ex on new rigs). Its a beautiful virtuous cycle...

[Flexacon]

Gary Gibsler will be quitting!

https://www.barrons.com/articles/sec-chair-gensler-resign-inaguration-day-7eb9b95a

[gib]

Gary Gibsler will be quitting!

https://www.barrons.com/articles/sec-chair-gensler-resign-inaguration-day-7eb9b95a

Positive for BTC, and positive for crypto in general.

On another note, Michael Saylor will be presenting to the board of directors at Microsoft prior to the shareholder meeting to consider adopting BTC as part of their treasury reserve. This shit keeps on getting better and better doesn't it.

[Flexacon]

Positive for BTC, and positive for crypto in general.

On another note, Michael Saylor will be presenting to the board of directors at Microsoft prior to the shareholder meeting to consider adopting BTC as part of their treasury reserve. This shit keeps on getting better and better doesn't it.

Very positive.

Crypto projects that had been developed and launched in the USA will have zero tax under Trump. Do your research and bid those coins!

[FitnessFrenzy]

It is quite interesting that they made crypto legal in China. I don't understand their laws in that regard, but I don't think Chinese people, in China, are allowed to buy American stocks - as an example.

[gib]

It is quite interesting that they made crypto legal in China. I don't understand their laws in that regard, but I don't think Chinese people, in China, are allowed to buy American stocks - as an example.

Crypto is not legal in China, to the extent it is a security (which is almost all crypto).

However BTC is. How that can be is because BTC is a mathematical algorithm, interacted with through thought. It would be like make clouds illegal, or prime numbers illegal - it can't practically be done, much as CCP would actually like to control everything in China, right down to laws of nature.

In theory a person in China can buy any US asset, but one big problem is getting currency out of China. For most people, there are many foreign exchange restrictions, so even if they wanted to, they could not really buy US stocks in any great amounts.

At a less theoretical level, yes, China knows it cannot stop BTC, but it also knows (game theory) that if you can't beatem, joinem. So, they are now moving fast to catch up again with Bitcoin adoption. Especially in Hong Kong, they are now pushing banks to fully incorporate Bitcoin and make it available to all customers.

[FitnessFrenzy]

Crypto is not legal in China, to the extent it is a security (which is almost all crypto).

China made bitcoin legal to own the other day. Google it.

[Theoak*]

I want that.

Killer car that's for sure.

[Andy Griffin]

Crypto Wendy On has a decent show on j3wtube even though she's long since hit the wall.

100K is on the way

[SouJerz]

Interesting moves happening with ADA and XLM and XRP and HBAR.  According to zero-hedge retail hasn’t started buying yet.  I don’t know how much of that I believe but seems like we are in extreme greed mode currently.

[SouJerz]

Just a little food for thought if anyone plans on taking profits but I’d stick to the plan and KEEP STACKING SATOSHIS!!! 

[jude2]

Killer car that's for sure.

Nice!!!

[gib]

Just a little food for thought if anyone plans on taking profits but I’d stick to the plan and KEEP STACKING SATOSHIS!!!

Good graph. Like you, I plan to keep stacking.

[gib]

China made bitcoin legal to own the other day. Google it.

Google may be confusing you. Owning Bitcoin was never "illegal" in China.

However, certain types of mining activities were essentially made "illegal" in the past, banks were discouraged from accepting Bitcoin, and laws against the issuance of illegal securities have been enforced.

What has happened (and maybe this is what you are referring to), is that in the past numerous local Courts have "confirmed" that Bitcoin can be property capable of being owned by people. (This has usually been in the context of civil disputes, not criminal cases). But again, owning BTC in itself has never been illegal in China. (Now, if you were to use BTC to avoid capital controls, avoid taxes, etc, that would of course be illegal. But again, in such a case, it is not the Bitcoin, but rather the activity engaged in, which happens to be using Bitcoin which is illegal - make sense)?

As you may know, I have extremely deep connections in China (go back and read the beginnings of the GetBig Covid thread and you will see how early I was telling us all here about what was coming...) so you can be sure I am correct with explanations such as this one.

[Flexacon]

What has happened (and maybe this is what you are referring to), is that in the past numerous local Courts have "confirmed" that Bitcoin Cryptocurrency can be property capable of being owned by people.

Fixed for accuracy