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

[obsidian]

ETH closing in on 4100.

Not long now till previous ATH region of 4800 breached.

BlackRock's ETHA saw an inflow of $297.7 million yesterday! A total inflow of $428.5 million above Grayscale's $15.1 million outflow. The effect of these inflows will take time to impact the price of ETH - similar to BTC. We need to see sustained inflows.

https://farside.co.uk/eth/

[obsidian]

You should have Uniswap. Look into it. And Filecoin. After lengthy research, these were the 2 best ventures tokenized by tokens which I identified as have a legit future for the functions they provide.

Thanks. The Filecoin chart though looks bad. See how much it dumped since 2021! Of course that means it could pump recover a lot to the upside.

I am taking profits next year and will keep stablecoins ready for buying BTC, SOL and a few others if there is a major retracement. I am a critic of SOL but there is no denying it has promise. It looks like governments may embrace BTC so the reduced miner rewards every 4 years becomes less of a concern I think. But we'll see.

[Griffith]

BlackRock's ETHA saw an inflow of $297.7 million yesterday! A total inflow of $428.5 million above Grayscale's $15.1 million outflow. The effect of these inflows will take time to impact the price of ETH - similar to BTC. We need to see sustained inflows.

https://farside.co.uk/eth/

Yes, once the 4100 region is tested as support, then the previous ATH will be the next target. After that, price discovery.

[gib]

Thanks. The Filecoin chart though looks bad. See how much it dumped since 2021! Of course that means it could pump recover a lot to the upside.

I am taking profits next year and will keep stablecoins ready for buying BTC, SOL and a few others if there is a major retracement. I am a critic of SOL but there is no denying it has promise. It looks like governments may embrace BTC so the reduced miner rewards every 4 years becomes less of a concern I think. But we'll see.

Yes, although I don't look at charts at all (or at least largely try to ignore in terms of assessing whether these ventures have any legitimate value. My assessment is that both FileCoin and UniSwap have significant fundamental value, so I apply the same valuations to these as I would any fast start-up with good prospects. And based on that, I have invested. I am sure I am not the only one who does such an analysis. Both the quants, sophisticated hedge funds, and AI enabled trading systems I believe will identify the same traits. Lets see!

Glad its all working out now and coming right for you with the alts! Whether doing all this alts and shitcoinery brings you more BTC than if you had just bought BTC in the first place will be interesting. Have you done the calculation? Most people think they can do this, but very few succeed.

[Griffith]

U.S. spot ether ETFs extend two-week inflow streak as ETH price tops $4,000

U.S.-based spot ether exchange-traded funds have logged ten straight days of net positive inflows, the longest streak since the nine funds available on U.S. stock exchanges launched in July of this year.

The funds added $83.8 million in value on Friday, according to SoSoValue's data, led by Fidelity's FETH with $47.9 million, or just over half of the net inflows. In total, over $992 million in value was traded, making Friday the fourth-highest volume trading day since the launch of the funds in July of this year; setting aside the week of the funds' debut, Friday marked the second-highest volume trading day, behind last Wednesday, when nearly $1.1 billion worth of ether changed hands.

The funds also marked their highest weekly inflow yet, with last week's $836.7 million marking a significant increase of 62% over the second-highest week's inflows of $515.2 worth of ETH from Nov. 15-22. BlackRock's ETHA fund has added about $520 million worth of ether in the last week alone, while Fidelity's FETH added nearly $276 million in net inflows.

The inflow streak coincides with a recent rally in the price of Ethereum's native currency that has seen ether top $4,000, having risen about 3% over the past twenty-four hours, according to The Block's Ethereum Price Page.

Ethereum in November also recently marked its highest monthly on-chain volume since December 2021, The Block previously reported, nearly double the year's lowest volume month, January. The increased value of the token has also corresponded with a slight resurgence in the NFT market, leading to double-digit percentage increases in the price of several top NFT projects.

https://www.theblock.co/post/329866/u-s-spot-ether-etfs-extend-two-week-inflow-streak-as-eth-price-tops-4000

[Mayday]

Thanks. The Filecoin chart though looks bad. See how much it dumped since 2021! Of course that means it could pump recover a lot to the upside.

I am taking profits next year and will keep stablecoins ready for buying BTC, SOL and a few others if there is a major retracement. I am a critic of SOL but there is no denying it has promise. It looks like governments may embrace BTC so the reduced miner rewards every 4 years becomes less of a concern I think. But we'll see.

Trump is an ETH maxi. Holds a big bunch of ETH and ETH layer 2 coins.

BTC to 245k. I was horrifically wrong thinking BTC wouldn’t break 100k this cycle. 245k is where I get to now 🤷

[Flexacon]

Trump is an ETH maxi. Holds a big bunch of ETH and ETH layer 2 coins.

BTC to 245k. I was horrifically wrong thinking BTC wouldn’t break 100k this cycle. 245k is where I get to now 🤷

Classic Mayday. Swings from an overly bearish top price target to an overly bullish one 

[obsidian]

What he is doing is fine. There is no issue with the numbers as he said he takes the loan during the bear market and therefore gives him headroom to absorb interest (depending on the contract he can not make payments and instead let interest eat into the capital) and downward price action.

The potential flaw you are looking for is:

What The masses don’t understand about using collateral loans is they are deferred future tax events. The moment liquidation, sale, transfer occurs, you trigger those deferred tax events. Mongs think the loan is debt when it’s really deferred future capital gains based on profit which is taxable.

Make sense?

Still trying to understand this. An example would help. But I think I have an idea.

He borrows $400,000 using BTC as collateral. The BTC is held by the lender. They send him the FIAT. Interest payments are made from the FIAT received - $120,000 per my example.

Is there a termination fee to close out the loan? If not then this sounds like a decent deal. $280,000 of free cash and the BTC balance remains untouched. It works if the price of BTC goes up. So it is smart to get the loan in the bear market when the odds are better that the price could recover. What if a loan is taken at the top of a bull run? BTC @ $200,000 and then it crashes to $80,000 in 1 year.

[obsidian]

Classic Mayday. Swings from an overly bearish top price target to an overly bullish one 

Lol, we are all human...

[Mayday]

Classic Mayday. Swings from an overly bearish top price target to an overly bullish one 

Spot on, although I traded that first peak so it worked fine for me. I had 245k as my bull so might aswell be a moon boy. I am capitulating. It probably nukes to $1 now 😂

[Theoak*]

Spot on, although I traded that first peak so it worked fine for me. I had 245k as my bull so might aswell be a moon boy. I am capitulating. It probably nukes to $1 now 😂

You are getbigs resident ADHD contribution but 2 and half years ago I did agree with you on one thing.  See how it  plays out.

Sorry edited my post, meant 96k on the money next  ATH. Seems the leverage is getting sucked out.

[IroNat]

   [/youtube]

[Mayday]

You are getbigs resident ADHD contribution but 2 and half years ago I did agree with you on one thing.  See how it  plays out.

I’m hard to deal with, yes.

 I can make a good bull case though 😀

The theory is BtC replaces gold so I look at the speed to catch Gold. My 76k came from The difference between Gold 2011 and 2020 tops which is the same 69k-76k move. We got 74k but close enough 🤷

I then watched gold as it leads and gave us 2.8k which gives me the next BtC move from 76k to 100k. Pretty close. That’s why I had to wait for 76k to break and see where it went so I could confirm. I didn’t expect it to happen that’s why I was so obnoxiously bearish, I thought it’d be next cycle.

So now 2/2 moves and more data to trend off. BTC is faster. What took gold 4yrs took BTC 5 months in the move 76k-100k. So I make the hypothesis that BTC breaks out before Gold does, sets the higher price and Gold no longer dictates BTC. Therefore I get to 245k being a retarded moron.

Sooooo yeah. That was how I got my price targets 😀

[gib]

so, basically, as of right now, bitcoin is useless for every day use.

Got it.

Well, only if you consider the function Bitcoin serves of enabling you to preserve your wealth from being infinitely diluted every single second of every single day through Government money printing as not being the single most important innovation in modern finance...

[joswift]

Well, only if you consider the function Bitcoin serves of enabling you to preserve your wealth from being infinitely diluted every single second of every single day through Government money printing as not being the single most important innovation in modern finance...

Bitcoin is worthless without a medium of exchange.
A bitcoin is worth $97k.
Now take away currency and tell me how much a bitcoin is worth?

Same with Gold, if currency crashes so does the value of Gold, if you have to sell it to buy food rather than eat it

[affeman]

A bitcoin is worth $97k.

No, the price is (currently) $97k, huge difference.

And the price is 97k because one mad man named Micheal Sayler has leveraged up his company to pump billions and billions of dollars into that useless crap

[gib]

Bitcoin is worthless without a medium of exchange.
A bitcoin is worth $97k.
Now take away currency and tell me how much a bitcoin is worth?

Same with Gold, if currency crashes so does the value of Gold, if you have to sell it to buy food rather than eat it

You are confusing concepts here (which is probably why you failed to get a 20x return from 5K to 100K, and why you might miss the next 10x return to 1m).

When you say "Bitcoin is worthless without a medium of exchange", you need to remember that the most commonly used medium of exchange (the USD) is devaluing to infinity, which means that BTC, when measured in that currency, is increasing in value to infinity. The sooner you get your head around this very basic concept, you will realize why you should be selling dollars to buy BTC, and why BTC will increase in value for ever over time.

As for you comment that "if currency crashes so does the value of Gold/BTC", you have it entirely round the wrong way. If a currency crashes, scarce assets rise (not fall). Again, basic economics. This is why in countries where the currency has rapidly crashed, BTC massively rises. See for example in Venezuela, where the value of BTC has risen 1,458,575,081,340.95% over the last 5 years...

[gib]

No, the price is (currently) $97k, huge difference.

And the price is 97k because one mad man named Micheal Sayler has leveraged up his company to pump billions and billions of dollars into that useless crap

First of all BTC is not useless. Its function has been explained to you countless times. That use is reflected in what people are willing to pay for it, (currently around 97K). It's like saying a 100$ note is just a useless piece of paper. Its not, as it is valued by others who are willing to accept it in exchange for various goods or services. Only BTC is far better then a piece of paper, due to the fact that it is digital, and perfectly scarce.

The money "being pumped into MSTR" is because sophisticated investors realize that money is devaluing over time, and BTC is increasing over time. So, it makes sense to borrow in devaluing money, and invest that money in an asset which increasing. The quicker you understand this, the more financial successful you will be.

See you at 1m.

[Mayday]

BRICS?

I

[gib]

   [/youtube]

Fiat currency is actually, BY FAR, the world's greatest scam. But many of us GetBiggers are too smart for that. We know that BITCOIN is our defence against that scam.

[gib]

What Donald Trumps son is telling the Arabs...

https://www.agbi.com/finance/2024/12/eric-trump-tells-abu-dhabi-bitcoin-will-hit-1m/

[Mayday]

What Donald Trumps son is telling the Arabs...

https://www.agbi.com/finance/2024/12/eric-trump-tells-abu-dhabi-bitcoin-will-hit-1m/

AE apparently are already in, as in the govt already bought.

MSTR premium looks to me to be the new Grayscale premium.

Microsoft board decline BTC purchase.

MSTR to be added to Dow Jones?

BRICS upcoming announcements to make us hate Gold? Event occurs inside next 7-21 day window? 🤔

Back half December in years prior to main peak cycle year. Close in 4 days starts these next price cycles.
2020 +90%
2016 +49%
2012 +6%
2010 +70%

[gib]

Bitcoin devotees always revert to the "you don't understand it" line.  Yes, I DO understand it perfectly, this is why I would never buy it. 

Regarding gold and silver:  Silver has much more upside potential at it's current price.  I own lots of both.

BTC at time of quote was 4.4K.

LOL at this old fool and his idiotic posts coming back to destroy him...

[Griffith]

Trump-backed World Liberty Financial is swapping stablecoins for ETH, onchain data shows

World Liberty Financial, the crypto project supported by President-elect Donald Trump, purchased $5 million worth of ETH on Wednesday, according to onchain data. This brings the project’s ETH balance up to a total of over $50 million worth of ETH, primarily purchased over the past several weeks.

https://www.theblock.co/post/330469/trump-backed-world-liberty-financial-is-swapping-stablecoins-for-eth-onchain-data-shows?utm_source=twitter&utm_medium=social

[obsidian]

https://en.bitcoinsistemi.com/blackrock-closes-the-door-on-altcoins-only-bitcoin-and-ethereum/?utm_source=CryptoNews&utm_medium=app

BlackRock Closes the Door on Altcoins: "Only Bitcoin and Ethereum!"
BlackRock ETF President Jay Jacobs said that BlackRock will focus on Bitcoin and Ethereum ETFs rather than launching other altcoin ETFs.

Following the approval of spot Bitcoin and Ethereum ETFs, other altcoin ETFs are also expected to be approved.

While there are already applications for altcoin ETFs for some altcoins like Solana (SOL) and XRP, BlackRock has closed the door on any other ETFs.

Bloomberg ETF analyst Eric Balchunas shared BlackRock ETF president Jay Jacobs' statements on this subject.

At this point, Jay Jacobs said that BlackRock will focus on Bitcoin and Ethereum ETFs rather than launching other altcoin ETFs.

Jacobs said that his exploration of Bitcoin and Ethereum has just begun and that interest in BTC and ETH is just the tip of the iceberg.

Noting that Bitcoin and Ethereum ETFs currently only reach a small number of customers, the BlakRock manager emphasized that the company is focusing on the BTC and ETH space rather than launching new altcoin ETFs.

“We are actually just the tip of the iceberg when it comes to Bitcoin and especially Ethereum.

Only a very small portion of our clients own IBIT and ETHA, so instead of launching new altcoin ETFs, we will focus on BTC and ETH.”

While many investors appreciate BlackRock’s approach of not launching more crypto ETFs, one user said that a step-by-step approach is better when it comes to ETFs, as launching a new ETF too early will only increase volatility.

Currently, SOL and XRP ETFs are expected to be approved in the US by the end of 2025.