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

[loco]

Despite challenging economic conditions, the U.S. keeps producing more millionaires. The total number of U.S.-based millionaires more than doubled from 2020 to 2023, reaching nearly 22 million individuals.

How have so many people reached this major financial milestone? It wasn't through get-rich-quick trends like going all in on crypto or launching an app. Most people are achieving the American dream by prioritizing their retirement savings.

Underspending: Automatic contributions from each paycheck help you prioritize saving money and teach you to live off less than your full income.

Staying level-headed: Consistent investing helps you see the bigger picture and reduces the temptation to make impulsive (and expensive) moves based on headlines and trends.

Free money: Many retirement plans come with an employer match. In other words, when you contribute, your employer puts free money into your account.

Risk-based adjustments: The majority of retirement plans automatically adjust your portfolio based on your age and when you plan to retire, also known as target-date investing.

https://finance.yahoo.com/personal-finance/banking/article/the-number-one-way-americans-are-becoming-millionaires-191057199.html

[SouJerz]

For obsidian.  Please explain again how great an investment ethereum is?

[Mayday]

Everyone is still bullish ETH….. the opposite of capitulation.

This is what I mean by ETH bleeding out. It has round tripped 9yrs and most are talking about what a great opportunity it is 🤔


Today marks 1yr from 74k top and blood moon. Equinox on the 20th. If BTC can tag 69k I reckon that’s enough to capitulate ETH to lows and then we might be done. Depends how hard the wealthy prayed to Satan.

[Mayday]

I added here. My target was -89% which was still up from my entry so I added.

We are still in my event window of Jan-Apr 2025. We have a world tariff war but I am looking for 1-2 more events to occur in this window.

If something occurs, we could get a savage 2020 type sell off. I’ll hedge my bets.

[SouJerz]

Buy the VIX

[French]

Solana now accounts for 30% of Ethereum's market capitalization.

Load your bag and let $1,000 per token carry you.

[Flexacon]

I added here. My target was -89% which was still up from my entry so I added.

We are still in my event window of Jan-Apr 2025. We have a world tariff war but I am looking for 1-2 more events to occur in this window.

If something occurs, we could get a savage 2020 type sell off. I’ll hedge my bets.

Maybe, but most of the pain has been felt already.

77k looks to be the BTC bottom although a flash crash down sub 70K could happen soon.

All depends on the SPX. If it doesn't recover from here then another 10% dump might be on the cards, but we'll get an epic V shaped recovery after.

Either way long term things look set to be really bullish.

[Flexacon]

Maybe, but most of the pain has been felt already.

77k looks to be the BTC bottom although a flash crash down sub 70K could happen soon.

All depends on the SPX. If it doesn't recover from here then another 10% dump might be on the cards, but we'll get an epic V shaped recovery after.

Either way long term things look set to be really bullish.

Glad this post survived. SPX even took a 10% dump. Imagine being a bear or scared to bid those level.

Anyway Solana is having and will continue to have an ETH like performance. The new sexy L1 is Keeta $KTA. MC is still only at $500M

[Griffith]

Time to sell Bitcoin and rotate to Ethereum.

Blackrock already selling BTC and buying ETH.

[obsidian]

Solana now accounts for 30% of Ethereum's market capitalization.

Load your bag and let $1,000 per token carry you.

It's now dropped to 25%.

ETH remains massively undervalued. In contrast, Solana is highly centralized and burdened by bloat—its chain exceeds 300 TB. You need enterprise-grade, high-performance hardware just to sync the full node.

Keep in mind, 70–75% of Solana’s TPS is consumed by validator voting. Failed transactions are also counted, inflating the numbers. That means only about 25–30% of its TPS is actually usable. Maybe even less.

Base is already outperforming Solana in real-world speed. And later this year, MegaETH is set to launch—engineered for peak performance.

https://solanabeach.io/

Current TPS
4,036
1091 Non-Vote + 2945 Vote

[obsidian]

Time to inject some ETH hopium here. Could ETH reach $80k in 2027? That's higher than my bullish targets, but hey, why not?! ETH might eventually surpass $1 million!

[obsidian]

Time to sell Bitcoin and rotate to Ethereum.

Blackrock already selling BTC and buying ETH.

In my view, Ethereum has the potential to be a better long-term store of value than Bitcoin. One key reason is the long-term security model—Ethereum offers much more certainty around how it will remain secure over the next 10–20 years.

When ETH dropped to $1,400 just a few months ago, staking participation remained strong, with around 34 million ETH still staked. That resilience speaks volumes.

In contrast, Bitcoin's long-term security is more uncertain. With rising energy costs, multiple future halvings, and the possibility of a price decline, it's unclear how sustainable BTC mining will be. Ethereum's staking model has already proven its strength under pressure. But how will Bitcoin's mining model perform in a similar stress test?

Ultimately, both networks rely on their respective mechanisms—staking for Ethereum, mining for Bitcoin—to stay secure. Ethereum’s model may simply be better suited for the long haul.

[obsidian]

[Flexacon]

Eth still needs ETF staking approval and rate cuts before it makes up any meaningful ground on BTC and we can say Altseason, but it's looking much better.

Solana is cooked right now though. Trenches are rekt and those remaining have bridged over to Eth and base. ETF approval might give it a little pump, but it won't last.

Eth maxis should check out what Sbet are planning

[gib]

In my view, Ethereum has the potential to be a better long-term store of value than Bitcoin. One key reason is the long-term security model—Ethereum offers much more certainty around how it will remain secure over the next 10–20 years.

When ETH dropped to $1,400 just a few months ago, staking participation remained strong, with around 34 million ETH still staked. That resilience speaks volumes.

In contrast, Bitcoin's long-term security is more uncertain. With rising energy costs, multiple future halvings, and the possibility of a price decline, it's unclear how sustainable BTC mining will be. Ethereum's staking model has already proven its strength under pressure. But how will Bitcoin's mining model perform in a similar stress test?

Ultimately, both networks rely on their respective mechanisms—staking for Ethereum, mining for Bitcoin—to stay secure. Ethereum’s model may simply be better suited for the long haul.

Call me back to consider if Eth ever goes back to Proof of Work..

We do know for certain Eth can NEVER be a reliable store of value. It may have other useful functionality, but store of value superior to BTC is not one of them. That was a false narrative they tried, and miserably failed at.

Eth is down 15% to BTC over 10 years, 54% over 1 year, and obviously its performance to BTC will continue to worsen over time, for obvious reasons...

[gib]

In contrast, Bitcoin's long-term security is more uncertain. With rising energy costs, multiple future halvings, and the possibility of a price decline, it's unclear how sustainable BTC mining will be. Ethereum's staking model has already proven its strength under pressure. But how will Bitcoin's mining model perform in a similar stress test?

Dude you are like a broken record. BTC hashrate just hit an ATH last week...

[gib]

Yeah, it's only 77k by now. You should scarf up on it immediately, a true bargain considering what you get in return

And now its 104K, you absolute monkey. I continued to buy and am now 30% up on those buys. Will you you ever learn your lesson???

[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

Indeed we are

[gib]

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

Well that quote didn't age well did it...

[gib]

I hope you have accumulated some more BTC by now, gib, c'mon, it's only 79k for an imaginary coin, a true bargain, you gotta go all in or you wanna stay poor?

(next time I'm gonna remind u @65k what a true bargain your imaginary coin is )

I did, indeed. Whereas I am guessing you didn't and instead accumulated more infinitely value losing fiat, correct?

[obsidian]

Call me back to consider if Eth ever goes back to Proof of Work..

We do know for certain Eth can NEVER be a reliable store of value. It may have other useful functionality, but store of value superior to BTC is not one of them. That was a false narrative they tried, and miserably failed at.

Eth is down 15% to BTC over 10 years, 54% over 1 year, and obviously its performance to BTC will continue to worsen over time, for obvious reasons...

ETH isn’t down relative to BTC over the past 10 years. It launched on July 30, 2015 — just under 10 years ago — at $1.20. BTC was around $290 at the time. Since then, ETH is up 211,800% (a 2,118x), while BTC has done a 352x over the same period.

Over the past 5 years, performance is roughly equal. A $10,000 investment in either would’ve returned about 10x.

BTC’s long-term security depends on miners sticking around as block rewards shrink to 1/32 or 1/64 of today’s 3.125 BTC — which happens over the next 20 years. That’s a big unknown. Transaction fees only make up about 1% of miner revenue today. To maintain the same purchasing power per block, BTC's price would need to more than double every 4 years.

Meanwhile, a 51% attack on ETH is already much harder than on BTC.

To sustain a 51% attack, you’d need control of 104% of the BTC hashrate or 104% of the ETH staking supply. For ETH, that means acquiring and staking 35 million ETH — far more than the ~19 million ETH on exchanges. Buying that much would send the price vertical. Staking takes time and is publicly visible. The community would see it, and the attacker risks having their ETH slashed, reducing the supply significantly.

By comparison, assembling 1,000 EH/s of BTC hashpower will actually be much cheaper and stealthier.

https://finance.yahoo.com/quote/BTC-USD/history/?period1=1435708800&period2=1438300800

[obsidian]

Dude you are like a broken record. BTC hashrate just hit an ATH last week...

And how do you know this will hold true when the BTC block reward will be:

1/64 x 3.125 = 0.048828125 BTC
or
1/128 x 3.125 = 0.0244140625 BTC

You don't. It's completely unknown if miners will be able to stay solvent. We don't know what energy prices will look like. Satoshi's wallet may have been quantum hacked by then.

https://beincrypto.com/tether-ceo-satoshi-bitcoin-quantum-computing/

There is simply no way you can say 100% that everything will work out fine for BTC. BlackRock added a disclaimer that BTC's finite cap is not guaranteed:

“Although many observers believe this is unlikely at present, there is no guarantee that the current 21 million supply cap for outstanding bitcoin, which is estimated to be reached by approximately the year 2140, will not be changed. If a hard fork changing the 21 million supply cap is widely adopted, the limit on the supply of bitcoin could be lifted, which could have an adverse impact on the value of bitcoin.”

-BlackRock

They know there is no way to guarantee that miners won't insist on tail issuance to ensure that their operations remain profitable. Nobody is going to mine BTC at a huge loss and it is unknown if BTC mining will be profitable 10-20 years from now. It's already not profitable to mine BTC for most small scale miners.

https://protos.com/bitcoin-supply-may-not-be-fixed-at-21m-says-blackrock/

[obsidian]

Eth still needs ETF staking approval and rate cuts before it makes up any meaningful ground on BTC and we can say Altseason, but it's looking much better.

Solana is cooked right now though. Trenches are rekt and those remaining have bridged over to Eth and base. ETF approval might give it a little pump, but it won't last.

Eth maxis should check out what Sbet are planning

SUI is also looking worse lately. It has a relatively small validator set, and its ability to censor addresses following the recent SUI hack raises serious centralization concerns. Some of the stolen SUI was converted into ETH, but the fact that such censorship was even possible is troubling. On top of that, SUI’s tokenomics aren’t great — it’s facing high inflation for the foreseeable future, which puts long-term pressure on the price.

The Bybit hack was one of the catalysts behind ETH’s sharp drop in February and March. The price started sliding just days after the hack, and the attacker ended up dumping the ETH for BTC. Some in the space even suspect it may have been a coordinated move — possibly involving insiders or exchanges — to drive down ETH’s price and create a more favorable re-entry point.

[sync pulse]

So...What if there are no miners in the future?
Is Bitcoin only good if there are miners running an algorithm somewhere?

[obsidian]

So...What if there are no miners in the future?
Is Bitcoin only good if there are miners running an algorithm somewhere?

Yes, Bitcoin fundamentally relies on miners to validate transactions and secure the network through proof-of-work. Without miners, the blockchain would stop moving forward, making Bitcoin unusable and vulnerable to attacks — so its entire functionality depends on miners being active.

Here's more on this via AI:

1. If Bitcoin is paused for a year, do wallets still have BTC?
Yes, absolutely.
Bitcoin stored in wallets is recorded on the blockchain ledger, which is immutable and persistent. Even if the network paused for a year (no new blocks mined), the existing blockchain history would remain intact. Your BTC would still be associated with your wallet's address.

However, you wouldn’t be able to send or receive BTC during that pause, because transactions require miners to include them in new blocks for confirmation.

2. What happens if a bad actor gets 51% of the hashrate?
If a malicious actor controls over 50% of the network’s mining power (a 51% attack), they could:

Reorganize the blockchain (undo recent blocks).

Double-spend their own BTC (spending the same coins twice).

Censor transactions (prevent certain transactions from being included in blocks).

But they cannot:

Steal BTC from wallets they don’t control.

Forge new coins outside the rules.

Break wallet encryption or private keys.

In short: they can't take your BTC unless they already have your private key — even with 51% control.

Summary
Your BTC remains in your wallet even if Bitcoin pauses, and even a 51% attacker can’t steal it — they can only disrupt the network's trust and functionality, not override wallet ownership.