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

[affeman]

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...

You're already in the red again with your last purchase, keep buying. It's only 83k at the moment for an imaginary coin, a real bargain.

[gib]

You're already in the red again with your last purchase, keep buying. It's only 83k at the moment for an imaginary coin, a real bargain.

What an absolute moron you are. I have 100's of "in the money" BTC buys since 2017, and you focus on one (very small purchase, less than .2% of my total holdings), which is perhaps 1% down? I am guessing that at least 40% of those 100s of buys I made since 2017 were "out of the money" for certain periods of time.

Yes, obviously we keep buying BTC, at any price, if we believe it will indefinitely rise.

Why would you call BTC "imaginary" when the code is public, when its created via proof of work, and when you can verify every transaction? What part of that is imaginary? (If you really are still struggling with that part, please go back to the beginning of this thread). Reality is the USD is far more "imagenary" than BTC, for obvious reasons...

[gib]

PS - an in fact I am not even down, even using a goldfish brain time period. I bought at $84,000, price now $84,004...

[affeman]

PS - an in fact I am not even down, even using a goldfish brain time period. I bought at $84,000, price now $84,004...

ok, then you're down now

As I said, keep buying, a true bargain. Saylor needs morons like you he can dump this whole crap on eventually soon

[gib]

ok, then you're down now

As I said, keep buying, a true bargain. Saylor needs morons like you he can dump this whole crap on eventually soon

You seem not to understand MSTR's business. They ACCUMULATE BTC. They want more BTC (not less), so they will not do any dumping of BTC. Rather they acquire and Hodl. However, yes, they do want (and benefit), both from BTC rising in fiat terms (or fiat falling in BTC terms), and so obviously they want to see others adopt BTC over time also. But to clear, Saylor and MSTR see BTC as rising for ever.

[gib]

A little ETH update and will then come back to report when Eth hits a 6 year low to BTC.

ETH is now down to BTC

1.4% last day
10.15 last week
11.3% last month
35.9% last 3 months
53.1% last year...

And now also to a record 5 year low down 2.41% to BTC over 5 years.

This trend will continue (for obvious reasons that I have explained extensively). Just think about it - Eth is a token whose utility in terms of use of its network depends on it being cheap. Which is entirely incongruous to it being a store of value, which depends on it not being cheap.

[Mayday]

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.

Yeah the announcements are good sound bites but Trump has to force speculative money out of commodities and into non-CPI instruments. I’ll use too many words if I try and outline it. I bet 100% on my revised strategy, fuck it, it worked in 2020 😂

Money printer is done and dusted. They printed the entire decade upfront so it could be switched off. QE won’t be QE as we last saw it. It’s like ordering 52 pizzas in week1, freezing them, defrosting 1 a week while bragging you wont order pizza for the rest of the year.

4yrs later some things are clearer than in 2020. My retardedness sees today being planned back in 2016.

Nobody considering the US vaults having more Gold.50yrs of confiscation from world domination….. just sayin….  Imagine the US then announce a sell off to pay down US debt. Then begins the secular Gold bear market……

Event window giving us the goods so far 👍   A drone blew a hole in Chernobyl which they can’t fix. A minor thing but it might come up later.

[gib]

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

This idiot post of yours, I GAURANTEE, will not age well, when the price of BTC is 10x of my little top up at 84K.

Your post really personifies the small mindedness of a person, who still after 16 years, cannot understand that BTC rises for ever (as long as additional money is printed for ever).

[Mayday]

This idiot post of yours, I GAURANTEE, will not age well, when the price of BTC is 10x of my little top up at 84K.

Your post really personifies the small mindedness of a person, who still after 16 years, cannot understand that BTC rises for ever (as long as additional money is printed for ever).

Don’t worry gib, sidelined gunna get destroyed 😉

Move already started. Price is lagged.

[gib]

Don’t worry gib, sidelined gunna get destroyed 😉

Move already started. Price is lagged.

Yeah all good. Just blows my mind that after 8 years of this thread, 479 pages etc, there are still some people who just don't get it

I am thinking, at some point if I have time, to distill the best posts into a single TLDR document for those too lazy to do the work...

[Flexacon]

Money printer is done and dusted.

Trumps policies could force the FEDs hands

Either way short term pain (could be weeks, could be months) before the bull run

[affeman]

You seem not to understand MSTR's business. They ACCUMULATE BTC. They want more BTC (not less), so they will not do any dumping of BTC. Rather they acquire and Hodl. However, yes, they do want (and benefit), both from BTC rising in fiat terms (or fiat falling in BTC terms), and so obviously they want to see others adopt BTC over time also. But to clear, Saylor and MSTR see BTC as rising for ever.

Accumulating smth with no intrinsic value only makes sense if u wanna dump it on someone else at one point. That's what guys like you - the buyers at 80k+ - are here for

[gib]

Accumulating smth with no intrinsic value only makes sense if u wanna dump it on someone else at one point. That's what guys like you - the buyers at 80k+ - are here for

Blows the mind that from 3k, to 90K, you still don't get it. I wonder if you will get it at 900K?

Fiat currencies have no intrinsic value. However, they are all, infinite in supply.

BTC has no intrinsic value, but is perfectly limited in supply.

Should be obvious which is the better store of value, and why a currency of unlimited supply will move into a store of value perfectly limited in supply (combined with all the other properties BTC has, in terms of divisibility, transferability, self custody, etc).

[gib]

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

Well that didn't age well did it. Even for a short term minded gold-fish brain, I am now 10-ish% up on even my latest purchase ... barely a few days old

If I wanted to teach you a lesson, I would sell that latest buy now, taking a 10% gain, show you how easy it is to make money, and use that profit to buy some nice things to show off my material gains. But ultimately, that would make me the same fool you are, as the much better lesson is of course to hodl until 10x gain, as opposed to just a 10% gain.

This post will age well, and you an be very sure, I will be back to remind you of it at BTC 840K. As anyone here knows, I have a long memory, and I have no hesitation to come back cite prior posts to teach people lessons...

[gib]

So, who believes we really will see a BSR announcement tomorrow?

And who believes it will BTC only, vs also with "American made" shitcoins?

My prediction (and again, it's just a PREDICTION, not a guarantee), is that we will see a BTC only Strategic Reserve, but then also some other regulations which in theory, may be positive from some types of company-issued tokens.

Either way, obviously, no foreign country is going to want American-made, centralized, controlled and manipulated shotcoins, with an American issuer, created without proof of work, as a store of value, for obvious reasons...

[Mayday]

What is a BSR?

[Mayday]

US Govt will not acquire additional assets for stockpiling other than those forfeited.

Kind of sounds like what they already do? As in, not buying, only seizing. The only Duffy is they will hold and not sell (for now….).

[gib]

What is a BSR?

Bitcoin Strategic Reserve (sometimes also called SBR - Strategic Bitcoin Reserve).

[gib]

A BITCOIN STRATEGIC RESERVE IS CONFIRMED!
Love em or hate. Trump, so far is a man of his word -I'll give him that.

PS - For all those hoping for a ShitCoin reserve, I hope a lesson was learned...

[obsidian]

A BITCOIN STRATEGIC RESERVE IS CONFIRMED!
Love em or hate. Trump, so far is a man of his word -I'll give him that.

PS - For all those hoping for a ShitCoin reserve, I hope a lesson was learned...

The US Government also holds ETH, BNB, USDT, etc. Stablecoins are becoming important to the US. And the use case will probably increase. Stablecoins might be the killer application for cryptos. Ethereum is the leading chain with 54.08% dominance.

https://crypto.news/experts-comments-amid-rlusd-and-moonpay-partnership/

[obsidian]

https://x.com/spotonchain/status/1897411965397737856

Donald Trump's World Liberty Financial (@worldlibertyfi) is back to buying $ETH, $WBTC, and $MOVE!

In the past 45 minutes, the fund moved 25M $USDC to a new multi-sig wallet and purchased:

• 4,468 $ETH ($10M) at $2,238
• 110.6 $WBTC ($10M) at $90,420
• 3.42M $MOVE ($1.5M) at $0.439

3.5M $USDC remains in that new wallet—more buys incoming? Follow @spotonchain and set alerts for #WorldLibertyFi for more updates at https://platform.spotonchain.ai/en/entity/2361

[SouJerz]

The US Government also holds ETH, BNB, USDT, etc. Stablecoins are becoming important to the US. And the use case will probably increase. Stablecoins might be the killer application for cryptos. Ethereum is the leading chain with 54.08% dominance.

https://crypto.news/experts-comments-amid-rlusd-and-moonpay-partnership/

Such an interesting look into human psyche.  Ethereum has done nothing but constantly devalue compared to Bitcoin and you still keep somehow convincing yourself things are good and ethereum is dominating.   The bottom line is right now what type of ROI are you getting on your ether vs what would your ROI be had you bought or even converted to BTC?   Still dominating?

[affeman]

This. Not even the ETFs and Wallstreet involvement were able to push the price significantly anymore. The desperate hope for a government bailout is now the last stage of this Ponzi, I give it a few more months. Everyone who can still run away with a solid profit should do it now, like I did after the elections

[Mayday]

https://x.com/spotonchain/status/1897411965397737856

Donald Trump's World Liberty Financial (@worldlibertyfi) is back to buying $ETH, $WBTC, and $MOVE!

In the past 45 minutes, the fund moved 25M $USDC to a new multi-sig wallet and purchased:

• 4,468 $ETH ($10M) at $2,238
• 110.6 $WBTC ($10M) at $90,420
• 3.42M $MOVE ($1.5M) at $0.439

3.5M $USDC remains in that new wallet—more buys incoming? Follow @spotonchain and set alerts for #WorldLibertyFi for more updates at https://platform.spotonchain.ai/en/entity/2361

My American friend, you wanna know where that money came from? Check the huge volume candle as Trump OGs dumped on plebs buying. Nuked it lower than low.

Take heed of my words earlier. This lot you keep tracking used none of their own money. They are dumping memecoins and buying ERC20 for free. It’s there to get you wrecked because you plebs keep salivating thinking it’s a signal 🤦

“You don’t know their timeframe” is exactly true. If you use free money to buy it, you give no fucks if it sits there for 200yrs. They use their own money to counter trade the plebs.

Track performance of this foundation to Saylor. See what I’m saying?

[obsidian]

Such an interesting look into human psyche.  Ethereum has done nothing but constantly devalue compared to Bitcoin and you still keep somehow convincing yourself things are good and ethereum is dominating.   The bottom line is right now what type of ROI are you getting on your ether vs what would your ROI be had you bought or even converted to BTC?   Still dominating?

Bitcoin had a good run I agree. Not so much because of good fundamentals, but because of media attention, being the first blockchain, and due to Biden's SEC being vague about Ethereum's status as a commodity. It all depends on when you look at the chart. At 2022, the opposite was true. Bitcoin devalued compared to Ethereum. I took your own screenshot and wiped out recent movements to illustrate. The point is, anything is possible. Narratives change. It is risky to say things will never change and always be that way. We've all seen this is not the case.

I look at the fundamentals. Markets are irrational and I agree with Gib that some people would rather buy an overvalued asset like Bitcoin than an undervalued asset like Ethereum because they think it is safer in the longrun. They don't know about the economic security of the asset, and how that will change in a decade or two. How safe it will be in the future remains to be seen.

Bitcoin is showing some wild hashrate swings currently - very interesting. It went from a high of just over 1,000 EH/s on 2/7/25 down to a low of 700 EH/s on 2/12/25. That's a drop of 30% hashrate in less than a week! Then it goes up and down and is all over the place.

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

If a manufacturer can fabricate ASIC's at $10 per TH/s, at around 13W per TH/s, then Bitcoin's economic security is around $10 billion. I've done the calculations in this thread before. 800 EH/s = 800 million TH/s. So $8-10 billion to manufacture 800 EH/s of hash power. Plus a few million per day of electrical power.

Bitcoin is cooked. Next halving, BTC miners will receive 1/2 the current BTC rewards. Then 1/4, 1/8, 1/16, 1/32, 1/64, 1/128, 1/256. Etc.

20 years from now miners will get 1/32 the BTC block reward of what they get now which is 3.125 BTC per block. That's 0.09765625 BTC per block.

Ethereum does not have this dilemma. And ETH staking has not fluctuated as wildly as the BTC hash rate recently.