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

[affeman]

[ChristopherA]

You can't be serious

[gib]

So who bought during the little correction we are having? As always, I scooped up a little. I always have some buy orders at 10% of price, so every once in a while manage to hit some buys on volatility.

[Mayday]

Money, so they say
Is the root of all evil today
But if you ask for a rise
It's no surprise that they're giving none away…

I quite like that poem 👍

So who bought during the little correction we are having? As always, I scooped up a little. I always have some buy orders at 10% of price, so every once in a while manage to hit some buys on volatility.

I’m waiting for things to bleed more. I’m prepping for 2029 as I already have enough this cycle. Only waiting for one to drop and I’ll add. Gold pulled BTC back into line which was the failed 108k rally. So for now, Gold still calls the shots which sucks as we can’t get big prices up until that is broken.

The FUD is mental.

[affeman]

So who bought during the little correction we are having? As always, I scooped up a little. I always have some buy orders at 10% of price, so every once in a while manage to hit some buys on volatility.

 

[Mayday]

Only bull cases please.

4wk window and 3wks remain. We almost made it to 2012 before someone slapped it back to Gold.

If we want upwards, We wait for an event in this window to break the Gold correlation otherwise it’s wait for Trump to break the correlation, then 245k 🙏 

Saylor going to dilute 97%. Current market cap 81B makes his plan 2.7T market cap by end of 2029. That’d be 3.3M BTC spot if kept same-same which it won’t as its leverage driven. I’d say they are calculating 1.5M BTC spot in 2029 with the plan they have in place.

[SouJerz]

I quite like that poem 👍

I’m waiting for things to bleed more. I’m prepping for 2029 as I already have enough this cycle. Only waiting for one to drop and I’ll add. Gold pulled BTC back into line which was the failed 108k rally. So for now, Gold still calls the shots which sucks as we can’t get big prices up until that is broken.

The FUD is mental.

Don’t forget to mark your calendar. 200 days after Halving is when the magic happens… on average.   So you don’t leave 40% of your profits on the table like you did this cycle by selling at 73k instead of 106k. 

[Mayday]

Don’t forget to mark your calendar. 200 days after Halving is when the magic happens… on average.   So you don’t leave 40% of your profits on the table like you did this cycle by selling at 73k instead of 106k. 

Cheers

The alts I sold at 73.1k were at their peak. I bought back in -90% below (I posted when I bought)  and they are still well down from peak value.  That’s the difficulty with alts as you might get 1 shot to sell, I took a guess and it played out well for me.

I am only interested in BTC from here onwards and it’s 2029 period. Have done enough to not mess about in alts anymore. It’s rugpull central there.

[gib]

I am only interested in BTC from here onwards and it’s 2029 period. Have done enough to not mess about in alts anymore. It’s rugpull central there.

Good to hear. The market (and even the degens) have started to realize there is no "alt" to Bitcoin. Eth, which was at one point the only possible competitor to BTC in terms of global store of value, lost any chance of that when they moved to proof of stake, and of course nothing else even comes close. Regardless of what was approved for ETF listing or not, the market is working out what is a commodity, and what is, in effect a security stake in a business venture.

Further the market knows that many of these other "projects" referred to as "alts" are largely useless, or at least extremely detached from any fundamental valuation they have.

We might see a short term alt-shitcoin pump under new SEC rules under Trump, and so for that, I would look for any ventures with substance for longer term steady gains and re-valuation - Filecoin and Uniswap would be my top choices. Chainlink also should be seriously considered. And Eth holdings should be split 50/50 into Eth and Sol. Stay away from memes, NFTs, and shitcoins.

[Flexacon]

Next leg up loading.

Ai swarm meta gonna run crazy hard.

[Griffith]

Bitcoin Advocate Michael Saylor Says He Was Wrong About Ethereum

Michael Saylor, a former Ethereum critic, has changed his stance. He now believes in a positive future for Ethereum and other crypto.

In a recent interview on the Altcoin Daily channel, Michael Saylor admitted he was wrong about Ethereum. He explained that his views changed in the second quarter of the year. The turning point came when former President Donald Trump began supporting the crypto community.

Trump recognized the growing influence of digital assets, and this helped change the way people saw crypto.

Saylor pointed out that this shift, along with the growing support from the political right has made the future look much better for Ethereum and other digital assets. He thinks the change in politics has opened the door to a more positive future for crypto.

With the prospect of a digital assets framework becoming a reality, Saylor believes that Bitcoin is poised for significant growth. Instead of growing at a rate of 20-40% per year, Bitcoin could see a much more rapid surge, potentially pushing Bitcoin to a $280 trillion asset class.

As for Ethereum and other cryptocurrencies, they will likely experience a new lease on life with the emergence of a clear regulatory structure, which Saylor describes as a “crypto renaissance.”

He sees a future where millions of new digital assets will be created, leading to the growth of exchanges, wallets, and applications. While there may be setbacks, Saylor believes this shift will bring new opportunities and a thriving digital economy.

https://coinpedia.org/news/bitcoin-advocate-michael-saylor-says-he-was-wrong-about-ethereum-heres-why/

[gib]

I think its correct that, as I said, some "digital assets" will do will under a new regulatory framework.

Key to remember though is that nothing competes with BTC as the global decentralized store of value. That has long been won by BTC.

Second, with will not just see a "crypto renaissance" but, initially, a shitcoi renaissance. Long term, shitcoins will all declined to zero, but in the short term, many will see a pump. Safest play is to buy coins which represent unregistered securities in legitimate projects - Filecoin, Uniswap and ChainLink. But either way, don't take eye of the main goal - which is to acquire more Sats over time...

[Griffith]

Institutional Investors Flock to BlackRock’s Ethereum ETF, Accumulating Over $3.5 Billion in ETH

The spot ether exchange-traded fund (ETF) launched by the world’s largest asset manager earlier this year now holds a substantial trove of ETH, having recently surpassed one million tokens.

According to data from BlackRock’s website and the Ethereum blockchain — first spotted by Arkham Intelligence — the iShares Ethereum Trust ETF (ETHA)  fund now holds 1.065 million ETH worth a market value of over $3.5 billion after seeing significant inflows over the past few weeks, according to CoinGlass data.

The fund is designed to track the price of ether, and allows investors to gain exposure to the cryptocurrency without having to manage their own wallets.

The volume of ETH held by BlackRock’s ETF suggests institutional investor confidence in Ethereum has been growing as they accumulate additional tokens, at a time in which ETH is struggling to surpass the $4,000 mark while bitcoin has briefly rallied past the $100,000 line and is still above $94,000 after a correction.

As CryptoGlobe reported Juan Leon, senior investment strategist at Bitwise Asset Management, believes ether is primed for a significant resurgence in 2025. In a blog post published Dec. 17, Leon argued that ETH, despite being overshadowed in 2024, stands to gain tremendously from the $100 trillion market for real-world assets.

Leon pointed to a pivotal shift occurring in recent weeks. According to Leon, over the past 10 days, spot ether ETFs have attracted $2 billion in net inflows, a stark contrast to the $250 million recorded over the preceding four months. Leon attributes this to renewed investor confidence in Ethereum.

The strategist believes ether’s role in tokenization could generate over $100 billion in annual fees, far outpacing its current earnings. He also sees favourable regulations, particularly from the SEC, as a catalyst for Ethereum’s growth in 2025.

https://www.cryptoglobe.com/latest/2024/12/institutional-investors-flock-to-blackrocks-ethereum-etf-accumulating-over-3-5-billion-in-eth/

[gib]

End of year 2025 price predictions.

Mine is BTC 180,000.

Anyone else like to make a prediction? We can take the average and see how good the collective BTC wisdom of GetBig is...

[Mayday]

End of year 2025 price predictions.

Mine is BTC 180,000.

Anyone else like to make a prediction? We can take the average and see how good the collective BTC wisdom of GetBig is...

My top is 245k with year end above 200k. We are currently in the event window, waiting. 1 peak this cycle. I have methodology for it but, whatever.

FWIW My track record this cycle has been:
I had 17.5k —> 15.5k
I had 76k —> 74k
I had 99.6k —> 99.8k was sooo close but Saylor pushed to 108k so that made me look pretty off. We have sat right around 96k so I’m satisfied my method is most accurate.
 
Event window prediction I had was Mar-Jul 2024 and we had:
*Israel & Palestine war break out
*Trump assassination attempt
*Global GPS shutdown

[affeman]

Saylor isn't even able to stabilize the price above 100k anymore. Every time Microstrategy is pumping a few billion dollars into BTC to push up the price 5 to 6%, everyone else is cashing out dumping it down by 7 to 8%

The Microstrategy ponzi scheme is about to go down

[Flexacon]

Saylor isn't even able to stabilize the price above 100k anymore. Every time Microstrategy is pumping a few billion dollars into BTC to push up the price 5 to 6%, everyone else is cashing out dumping it down by 7 to 8%

The Microstrategy ponzi scheme is about to go down

Didn't you say the same thing at $50k? kek

[affeman]

Didn't you say the same thing at $50k? kek

Yes. Obviously, the campaign of the Orange clown acted as a life supporter for this Ponzi scheme keeping the hype for a few months more, but nothing lasts forever

[gib]

GIB - 180K
MayDay - 200K

Anyone else? Get your number in now. Winner gets GetBig bragging rights...

[deadz]

 

WORTHLESS!

[Mayday]

Saylor isn't even able to stabilize the price above 100k anymore. Every time Microstrategy is pumping a few billion dollars into BTC to push up the price 5 to 6%, everyone else is cashing out dumping it down by 7 to 8%

The Microstrategy ponzi scheme is about to go down

Saylor has to buy to keep his premium down.

That’s why you are seeing MSTR buying like crazy. As long as people continue to buy MSTR shares they are forced to buy BTC. The stock is viewed as a leverage play on BTC.

While I love posting bearish stuff to balance out the bulls here, MSTR has years ahead to run.

MSTR replaced Grayscale. The simple measurement is this, if the premium is above 1, they are buying. They added them to the Nasdaq……

[obsidian]

The Long-Term Challenge of Bitcoin's Halving and Security
Bitcoin’s Proof-of-Work (PoW) system depends on miners being rewarded in BTC. However, the block reward is cut in half every four years, reducing payouts and impacting network security over time.

Halving Schedule & Block Rewards
Bitcoin’s block reward will continue to halve approximately every four years:

2024: 3.125 BTC
2028: 1.5625 BTC
2032: 0.78125 BTC
2036: 0.390625 BTC
2040: 0.1953125 BTC
2044: 0.09765625 BTC
2048: 0.048828125 BTC

Impact on Mining Economics
Currently, mining one BTC costs about $90,000, and the total cost to mine a block (3.125 BTC) is around $281,250.

Even if BTC reaches $6 million by 2048, the block reward would be worth around $293,000, which wouldn’t buy the same level of security as it does today due to inflation and rising costs.

By 2056-2060, Bitcoin’s rewards will halve twice more, requiring BTC to hit more than $12M–$24M per coin to exceed 2025 cost-to-mine security-levels due to dollar devaluation. It might have to go much higher if the dollar has collapsed by then.

Centralization and Security Risks
As rewards shrink, mining will likely become centralized, with large operations needing extensive security measures to protect infrastructure. Without changes to Bitcoin’s economic model, this trend could weaken the network’s security and decentralization in the long run.

[obsidian]

As a follow-up to the post above:

In 2021 the BTC block reward was 6.25 BTC. BTC's ATH was around $68,000.

6.25 x $68,000 means miners were making $425,000 per block. They are currently earning around 66% of that with BTC above $90,000. IF BTC goes to $136,000 the yield per block would match 2021 levels. But the purchasing power of the dollar has declined since then.

$425,000 in 2021 is worth $505,195 in 2025. This is an average inflation rate of 4.44% and cumulative inflation of 18.87%.

$505,195 / 3.125 = $161,662

If BTC goes to around $161K in 2025 the miners will be making the same in inflation adjusted-dollars as they did in 2021. It needs to 1.75x to reach that point. It is possible. Perhaps BTC goes to $200k this year. We'll see. These calculations are interesting to me in assessing the long-term viability of the BTC mining / security dynamics. Now you know why Saylor says BTC will eventually go to $13 million or beyond. It has to in order to maintain the same level of security.

The security will be a challenge to defend if it is centralized. Imagine a few decades from now you have a few large mining facilities left. A pissed of nation / dictator with an axe to grind blows it all up with a hypersonic nuke. Perhaps by then BTC would have evolved beyond proof-of-work which I think is likely. Or they have mining operations on Mars and the Moon. I am just scratching my head saying why? Proof-of-Stake is a lot more efficient and not as much a hostage to dwindling miner rewards.

[SouJerz]

GIB - 180K
MayDay - 200K

Anyone else? Get your number in now. Winner gets GetBig bragging rights...

125K end of 2025 price.

[SouJerz]

As a follow-up to the post above:

In 2021 the BTC block reward was 6.25 BTC. BTC's ATH was around $68,000.

6.25 x $68,000 means miners were making $425,000 per block. They are currently earning around 66% of that with BTC above $90,000. IF BTC goes to $136,000 the yield per block would match 2021 levels. But the purchasing power of the dollar has declined since then.

$425,000 in 2021 is worth $505,195 in 2025. This is an average inflation rate of 4.44% and cumulative inflation of 18.87%.

$505,195 / 3.125 = $161,662

If BTC goes to around $161K in 2025 the miners will be making the same in inflation adjusted-dollars as they did in 2021. It needs to 1.75x to reach that point. It is possible. Perhaps BTC goes to $200k this year. We'll see. These calculations are interesting to me in assessing the long-term viability of the BTC mining / security dynamics. Now you know why Saylor says BTC will eventually go to $13 million or beyond. It has to in order to maintain the same level of security.

The security will be a challenge to defend if it is centralized. Imagine a few decades from now you have a few large mining facilities left. A pissed of nation / dictator with an axe to grind blows it all up with a hypersonic nuke. Perhaps by then BTC would have evolved beyond proof-of-work which I think is likely. Or they have mining operations on Mars and the Moon. I am just scratching my head saying why? Proof-of-Stake is a lot more efficient and not as much a hostage to dwindling miner rewards.

Do you know why obsidian is constantly gassing ethereum and shitting on Bitcoin? BECAUSE HE HAS TOOO he is invested in ETHEREUM not BITCOIN!!! Derp derp