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

[Mayday]

But it’s muh president’s own memecoin.

Rugged so hard it’s price is now less than the opening.

The 3AC guys just got their new exchange liquidated.

Kanye West sold his account for 17M to rug pullers.

All social media grifters claiming alt season pump is here, meanwhile everyone is being lead to a slaughterhouse.

The president will win in the end but like I said, we don’t know his timeline. One should be open to a bleedout in 2024-26 with a peak in 2027.

[gib]

Arg, well now I need to come back to defend myself. I have been RIGHT throughout this thread and I think everyone knows it.

From the beginning, explaining what an important BTC asset was, (when it was at the 3.5K level) back in 2017, to predicting 100K price target by 2025  - (some here laughed at me and mocked my predictions, some got super angry - they were all proven wrong in time), to explaining why we all need to gravitate to BTC (and to why all alts are inherent affinity scams on BTC, to explaining why alts will fail over time to BTC), to calling (and explaining) Eth's eventual downfall. I timed and called the beginning of 2 prior BTC bull cycles PERFECTLY. Absolutely nailed it. Warned against the possibility liquidity driven ETH capitulation, only to see the exact scenario I warned against play out in less then a week after I gave this warning.  I could go on. Ultimately, everyone here can read my views, make their own decisions, and then only have themselves to thank (or blame), for whatever they ultimately decide to do. I can only guide you, and I believe I have done my best in fulfilling this role.

Yes, I explained in the past why ETH is a security, (and by the way it yes IT IS STILL, a security). You need to understand this, if you are to understand how ETH (and other "crypto" differ from BTC).

I explained, numerous times, why, regardless of what the SEC approved, not matter how you package up and wrap a piece of shit - it still remains shit. Whether you call Eth a security or, not, this does not change its core features and characteristics and faults and flaws and weaknesses. I explained numerous times why ETH's security-like issuance and ownership features would lead to its downfall (for obvious reasons), and I was again, 100% correct. I don't have the time to keep repeating this over and over.

Yes, I expressed the view that I didn't think the SEC should approve an ETH ETF (for obvious reasons), and I was right in holding that view. I obviously cannot dictate what the SEC ultimately does - no one can - but I explained that regardless of what the SEC approves or not, no such approval can alter the various qualities and faults ETH has. And that indeed is exactly what has happened.

As for this latest argument from Justin Drake you keep quoting, to me that indicates that you really are now are in the "denial" moving to an eventual "acceptance" phase. Justin is smart (like you), but he is also really a bit of a nut-case. He is an obvious Eth schill, and he (unfortunately for him), was to smart for his own self. And so, he greedily and shortsightedly backed the wrong horse, thinking he could steal BTC's glory and rape its immaculate conception through fraud and deception. Which in the long term, was a tactic always doomed to fail. As fellow Eth founding developer Eric Conner said just last week to Justin's alarmist nonsense:

"Doesn't really seem like the best to poke at BTC after being smoked on the playing field for the last 4 years)".

You say "crypto needs to drop tribalism". However, you and many of this de-gen generation, seem to fail to comprehend that wealth, and resources, are scarce and finite. So, we inherently do need tribalism and loyalty for BTC to succeed. Which it will do (for obvious reasons).

If we could all create an infinite number of "better than BTC" cryptos which all went infinitely up, that would be wonderful for some for sure - but this is and always was, a naive pipedream - this not how money, finance, or physics work. When I first studied the feasibility of BTC, I KNEW that tribalism and a relentless defence of BTC as THE GLOBAL STORE OF VALUE had to be essential to BTC's success. This was the biggest single attack vector I identified, and boy did the Eth schills try to exploit it. Which is part of the reason why anyone who truly understands finance and economics and moral philosophy hates ETH for the fraud and theft it tried to pull off. (Basically preying on investor's ignorance and their greed). And that, Obsidian, apart from the fact that I do truly want you and other GetBiggers to succeed, is why I am here to keep setting things straight when I see dangerous and misguided views being expressed.

I remember when Justin was predicting ETH flippening BTC. Didn't happen. BTC now 2T, Eth 300B. And it won't ever happen (for obvious reasons). (What WILL happen is that BTC WILL FLIPPEN GOLD. That is a certainty).

At one point he predicted ETH would outperform BTC by 4x this cycle, and that it would hit $16000 per coin. Didn't happen. Indeed ETH underperformed BTC by 50% in just the last year alone, and indeed it fell below 3K per coin.

He knows ETH has huge problems, but he is now grasping at straws and whataboutisms directed towards BTC in the hope that somehow trying to discredit BTC will help his ETH investment. Reality is that the much touted ETH merge, and the Dancun update for Eth have both been an absolute disaster. It can't be undone, and ETH's sound money narrative it was trying to push against BTC has well and truly and definitively entirely discredited (for obvious reasons). Now - will they fuck up this Frankenstein ETH crypto experiment with the so called Pectra update? Yes, quite possibly. That change will in any case  also come with huge further uncertainty and bring even greater credibility risks t ETH that it already now has. You simply can't be sound money if you change your issuance schedules on a whim. This is the entire problem that BTC was invested to defend against! So, that narrative is totally lost. And it was unfortunately that very narrative of "better sound money than BTC" which ETH investors were betting on when they bought ETH. Which now of course has been proven totally wrong for all to see.

The FUD Justin keeps pushing for BTC eventually being attacked are far-fetched at best. He fails to understand (or at least conveniently fails to acknowledge) both game theory, and the impact of economic incentives. He fails to accept and learn from what happened during the block-size wars. He fails to admit that even in his far-fetched theory, the individual nodes after such a theoretical 51% attack simply will not accept the new illegitimate chain (for obvious reasons). He fails to understand that in the future, as a base layer of money, not only will BTC mining still be highly incentivized, but there will be great money to be made from securing base-layer transactions. When BTC is THE global standard of wealth, fees will be much much higher than they are now. And countries, and financial institutions will be happy to pay for the benefits and security and certainty provided. And he fails to accept that, at the right time, perhaps 20 years from now, BTC owners may  make some very carefully-reasoned tweaks to the code, if certain emerging risks do need to be addressed. (However, one thing that will never change is the BTC issuance rate).

OK - and now I really will take a break. I will read comments occasionally. But I will resist attempts at trolling attempts to bring me back. But I will be back in time, likely to point out Eth has hit a 5 year low to BTC (which will happen, for obvious reasons).

OK, well I said I would be back to point out when Eth has hit a 5 year low to BTC, which I explained would happen for obvious reasons. And now it has...

I take no great pleasure or relish in being right. I just hope my comments benefitted some, and hopefully benefit others going forwards. And do to genuinely feel for anyone in "alts". But as I have said thought this thread, there is only so much I can do, and lessons will unfortunately and enviably be learned...

What happens next? Eth will hit a 6 year low to BTC, (for obvious reasons). No one can predict exactly when that will occur, but I think that this new lowpoint will very likely occur some time over the next 12 months. I will be back to point this out, when it happens...

[affeman]

That's it - the Trump effect squibbed, the bubble is popping at this very moment; get out as long as you can.

[obsidian]

OK, well I said I would be back to point out when Eth has hit a 5 year low to BTC, which I explained would happen for obvious reasons. And now it has...

I take no great pleasure or relish in being right. I just hope my comments benefitted some, and hopefully benefit others going forwards. And do to genuinely feel for anyone in "alts". But as I have said thought this thread, there is only so much I can do, and lessons will unfortunately and enviably be learned...

What happens next? Eth will hit a 6 year low to BTC, (for obvious reasons). No one can predict exactly when that will occur, but I think that this new lowpoint will very likely occur some time over the next 12 months. I will be back to point this out, when it happens...

Go to this site:

https://coinranking.com/

Change timeline to 5 years.

BTC = +842.65%
ETH = +866.89%

So as of right now no, ETH is up more than BTC over 5 years.

Yes BTC had a great run. And ETH could still bleed more. At some point in a few years Bitcoin's flawed economic security will become an issue.

It is possible to manufacture ASICs at $10 per 1 TH/s.

The current total BTC hashrate is 741.40 EH/s.

https://www.coinwarz.com/mining/bitcoin/hashrate-chart

1 EH/s = 1 million TH/s

The attacker would need to control approximately 771.66 EH/s to achieve 51% control of the new total hashrate:
741.40+771.66=1,513.06 EH/s

Let's round it up to 800 EH/s.

That's a manufacturing cost of $8 billion at $10 per 1 TH/s.

The energy would be around 5-6 GW. +/- $20 million per day.

Let's call BTC a $2 trillion asset. So all that is secured by $8 billion and $20 million power per day. That's a ratio of 200:1

It would cost a lot more than $8 billion and change to 51% attack Ethereum.

To execute a 51% attack the attacker would need to buy the entire staked ETH and another 1% on top of that.

There's 33.5 Million Staked ETH.

The attacker needs to stake approximately 34.867 million ETH to achieve 51% control of the new total staked ETH:
33.5+34.867=68.367 million ETH

Let's go low with ETH @ $2,000

If the attacker could buy all the ETH at a spot price of $2,000, it would still cost them $69.734 billion. The problem is, there is no way to get that amount from any exchange. Nobody has that liquidity. They would have to keep buying up ETH for many years, which would drive up the price of ETH. It could end up costing trillions and even then they might not get there. That's the power of a network effect and an increased number of holders.

So Ethereum's economic security is probably more than 10x Bitcoin's. And every 4 years, it will get worse for BTC. You might want to think where your Bitcoin will be decades from now. It might have to find a home as a meme token on Ethereum or another blockchain that does not have a security dilemma.

[obsidian]

But it’s muh president’s own memecoin.

Rugged so hard it’s price is now less than the opening.

The 3AC guys just got their new exchange liquidated.

Kanye West sold his account for 17M to rug pullers.

All social media grifters claiming alt season pump is here, meanwhile everyone is being lead to a slaughterhouse.

The president will win in the end but like I said, we don’t know his timeline. One should be open to a bleedout in 2024-26 with a peak in 2027.

This is why I say you must be bipolar. You're all over the place.

I have been bullish always actually. You're the one that spelled doom and gloom till 2030. Now you are again saying 2024-2026 is a bleedout.

But less than a month ago you posted this. LMAO! You are confusing the fuck out of people.

Yes I am sure.

Forget headlines because you can’t quantify the data.

S&P to 7k
Property ATH this year and huge growth in 2026

This is the biggest wealth generating period in your lifetime and you have been bearish the entire time

[affeman]

No Ethereum is not Silver, just an alt in decline and impossible to reform.
the only cryptocurrency considered to be silver is and will be Kaspa.
Solana is in another dimension comparable to an integrated digital web 3 solution company. The equivalent of Microsoft Apple Nvidia Amazon.

How's your Solana investment doin' buddy? You still that enthusiastic about your Solana?

[FitnessFrenzy]

$ 86.900

[Mayday]

This is why I say you must be bipolar. You're all over the place.

I have been bullish always actually. You're the one that spelled doom and gloom till 2030. Now you are again saying 2024-2026 is a bleedout.

But less than a month ago you posted this. LMAO! You are confusing the fuck out of people.

Yes, S&P to 7k. Property in my area just hit an ATH this week. Been consistent for years on that and made a killing. BTC to 245k based on a change in correlation behaviour to Gold. I am positioned for 2029.

What I posted is Alt related news. Sorry to hear it confuses you. A thread is a discussion, not a place where every post is a prediction or a signal of change of one’s belief. No wonder you (annd maybe others) are getting yourself all confused. You think each post I make is a prediction or a new stance, not the case, it’s just chit chat.

[affeman]

$ 86.900

$ 84.400

[FitnessFrenzy]

$ 84.000

ouch

[SouJerz]

As I’ve said before this thread is a perplexing look into the male psyche and just how fucked up ones brain processes “logic” when driven by ego and greed.  Fuckin hilarious.  We each are the smartest man/investor we’ve ever known in our own minds but that couldn’t be further from the truth. 

[deadz]

Ahhh the dreamers and losers thread. Let's hear from all the getbig crypto millionaires. BIG LOL!

[gib]

Lesson here, is "Bitcoin, not crypto".

Every cycle we see people scammed into believing that there is a "better Bitcoin" with the promise of greater gains in value than BTC. And every cycle, lessons are learned...

I just picked up a little more BTC yesterday - always nibble away and add to stack on any sharp downwards move.

[affeman]

Lesson here, is "Bitcoin, not crypto".

Every cycle we see people scammed into believing that there is a "better Bitcoin" with the promise of greater gains in value than BTC. And every cycle, lessons are learned...

I just picked up a little more BTC yesterday - always nibble away and add to stack on any sharp downwards move.

And with every single transaction you're elevating your average buying price, and at one point it will crash down to the extent that you're in the red again. You're a smart one

[gib]

Very unlikely. At an estimate, my average price is around 10K. The bulk of the coins I bought (I am guessing 85%-90% of my current holdings) were priced in the 3-15K range - after that just smaller incremental purchases over time, on a monthly basis.

Same will be the case for anyone who who starts with zero and buys now, building up to 1 BTC over say the next year. When BTC hits 1m, all the little variances between 850K and 1,000,000 won't change the fact that they are way "in the money", no matter what the price.

If maintaining the lowest possible average buying price was your concern, then of course you would never buy after you initial buys, if you were an earlier adopter such as myself. However, everything I am buying at 85K, will be 10x at 850K. So, not as much of a gain as what I bought at 8.5K (which will be a 100x gain at 850K). But the past is the past, and any gain over and above the rate of the devaluation of the USD is something I will be happy with.

[SouJerz]

https://x.com/riggsbtc/status/1894945778541699272?s=46

https://x.com/riggsbtc/status/1894945778541699272?s=46


Keep stacking satoshis!!!

[Flexacon]

Lol

Citadel Securities eyes market-making role for crypto exchanges:

https://cointelegraph.com/news/citadel-securities-makes-plans-crypto-liquidity-provider

All the big market makers like citadel, virtu and brokers like Fidelity are moving into crypto. Once btc finds the right market conditions it will hit $96k like it was nothing.

After FTX the youtubers said Binance would be next. I said Binance would likely survive and they'd look to go after CZ. Binance will now be under U.S. Financial Crimes Enforcement Network  monitoring for the next 5 years. It's basically been neutered or captured depending on how you want to look at it. So that's Coinbase, Binanace, post sam FTX, Kraken and a bunch of others who have been  neutered/captured

They (Wall Street and Washington) want to control narrative and price action so are eliminating the old guard. That's been my theory at least  for a while and it looks to be playing out.

[French]

To ETH and Bitcoin holders, swap everything for Solana

[gib]

And with every single transaction you're elevating your average buying price, and at one point it will crash down to the extent that you're in the red again. You're a smart one

Smart one indeed. I scooped up around $12K in Sats at 84,000. Now up around 10%. This is how we do it. Keep DCAing in, and buy up more on big dips. BTC always goes up over time. And it will hit 1m per coin for sure.

[GymnJuice]

https://www.reuters.com/world/us/trump-says-cryptocurrency-strategic-reserve-includes-xrp-sol-ada-2025-03-02/

U.S. President Donald Trump on social media announced the names of five digital assets he expects to include in a new U.S. strategic reserve of cryptocurrencies on Sunday, spiking the market value of each.

Trump said in a post on Truth Social that his January executive order on digital assets would create a stockpile of currencies including bitcoin , ether , XRP , solana and cardano . The names had not previously been announced.

[affeman]

Smart one indeed. I scooped up around $12K in Sats at 84,000. Now up around 10%. This is how we do it. Keep DCAing in, and buy up more on big dips. BTC always goes up over time. And it will hit 1m per coin for sure.

Another great one, thx. I'm gonna use this quote multiple times in the future to mutilate your rectum.

Let's see how often the Trump schtick "We're gonna create a Cryptocurrency reserve...." is still gonna work to pump up the price of these shitcoins a few % (it's so funny to see that neither the orange clown nor his lemmings even have the slightest clue what's the point of a federal reserve; a federal reserve of smth with zero intrinsic value in itself makes absolutely zero sense at all, but whatever ). Considering the ATH was at 108k and now it's struggling to reach 90 even after such an "announcement" (once again), it tells me the joke is getting old slowly but surely.

[affeman]

Smart one indeed. I scooped up around $12K in Sats at 84,000. Now up around 10%. This is how we do it. Keep DCAing in, and buy up more on big dips. BTC always goes up over time. And it will hit 1m per coin for sure.

That didn't age well - and it's barely a couple of hours old

[Mayday]

Recession talk is there to scare you. The data went from growth to recession, skewed massively by one thing which isn’t recessionary (is that even a word?). Nothing broke.

Blood Moon 14th March ties in 1yr from 74k peak 😉 Equinox 20th March.

Crypto asset announcement is the first step to begin sucking inflation from commodities. Rates will go lower.

When the masses all believe it’s crashing and burning, we can go up.

[Flexacon]

Recession talk is there to scare you. The data went from growth to recession, skewed massively by one thing which isn’t recessionary (is that even a word?). Nothing broke.

Blood Moon 14th March ties in 1yr from 74k peak 😉 Equinox 20th March.

Crypto asset announcement is the first step to begin sucking inflation from commodities. Rates will go lower.

When the masses all believe it’s crashing and burning, we can go up.

Ignore the crypto announcements. It's mostly irrelevant, but good optics.

D.O.G.E and removing that bloat will lead to a private sector boom and a blow off top for the ages. Also doomers seem to be forgetting that the money printer won't stay on ice forever.

[gib]

That didn't age well - and it's barely a couple of hours old

Lol, you absolute monkey. The bulk of the coins I bought (I am guessing 85%-90% of my current holdings) were priced in the 3-15K range - after that just smaller incremental purchases over time, on a monthly basis. I will continue to do that. Anyone with a memory span a bit longer than a gold fish will understand the benefits of DCA'ing into BTC over time.

Have you not read my prior posts? Zoom out and you will see BTC always rises over time...