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

[SouJerz]

125K end of 2025 price.

Glad to see you now agree with my prediction Mayday.

[obsidian]

https://ratiogang.com/ 

[obsidian]

This is the danger facing Bitcoin in one or two decades.

https://www.theblock.co/post/366535/monero-faces-chain-reorganization-fears-after-qubic-says-it-controls-51-of-hashrate

Monero faces chain reorganization fears after Qubic says it controls 51% of hashrate

A long-running campaign to amass more than half of Monero’s hashrate appears to have succeeded, prompting concern among crypto observers about the privacy-focused blockchain.

Qubic founder Sergey Ivancheglo claimed his project’s mining pool has “achieved 51% over Monero”, a level that would theoretically let it reorganize blocks, censor transactions, or attempt double-spends on the privacy coin’s network. He added on X that Qubic’s push would ultimately help the community prepare for future threats.

The Block previously reported on Qubic’s months-long bid to concentrate Monero hashrate. Qubic uses a “useful proof-of-work” model that incentivizes CPU mining of Monero’s RandomX algorithm, then converts mined XMR to USDT to buy and burn QUBIC tokens, creating a deflationary loop for its own token economy.

[Flexacon]

Crypto is $USELESS

[gib]

This is the danger facing Bitcoin in one or two decades.

https://www.theblock.co/post/366535/monero-faces-chain-reorganization-fears-after-qubic-says-it-controls-51-of-hashrate

Monero faces chain reorganization fears after Qubic says it controls 51% of hashrate

A long-running campaign to amass more than half of Monero’s hashrate appears to have succeeded, prompting concern among crypto observers about the privacy-focused blockchain.

Qubic founder Sergey Ivancheglo claimed his project’s mining pool has “achieved 51% over Monero”, a level that would theoretically let it reorganize blocks, censor transactions, or attempt double-spends on the privacy coin’s network. He added on X that Qubic’s push would ultimately help the community prepare for future threats.

The Block previously reported on Qubic’s months-long bid to concentrate Monero hashrate. Qubic uses a “useful proof-of-work” model that incentivizes CPU mining of Monero’s RandomX algorithm, then converts mined XMR to USDT to buy and burn QUBIC tokens, creating a deflationary loop for its own token economy.

Have to jump in here, despite my self-imposed absence until 125. Onbsidian is very good at trolling me, and sometimes he get a little bite.  

The irony of this post from an Eth fan, is that this issue already exists with Eth and other POS coins (including fiat currencies). Proof of Stake leads to centralization, due to dynamics that increasingly concentrate power in the hands of a few large stakeholders. We see this right now with the emergence of "Eth Treasury companies" (which is actually a nonsense in itself, for anyone who understand what the purpose of a treasury in a listed company is - I will explain in more detail on my return). In POS, the chances of being chosen as a validator and earning rewards is directly proportional to the amount of cryptocurrency staked. That results in larger stakeholders have a higher chance of validating blocks and accruing more rewards, leading to a cycle where they become even more dominant due to their increasing "stake". What we are seeing, with larger Eth staking pools, is that where multiple users pool their tokens to increase their chances of validation, can further exacerbate centralization. This was what many were concerned about the outset, and now we see it happening.

Back at BTC 125K...
 

[obsidian]

Have to jump in here, despite my self-imposed absence until 125. Onbsidian is very good at trolling me, and sometimes he get a little bite.  

The irony of this post from an Eth fan, is that this issue already exists with Eth and other POS coins (including fiat currencies). Proof of Stake leads to centralization, due to dynamics that increasingly concentrate power in the hands of a few large stakeholders. We see this right now with the emergence of "Eth Treasury companies" (which is actually a nonsense in itself, for anyone who understand what the purpose of a treasury in a listed company is - I will explain in more detail on my return). In POS, the chances of being chosen as a validator and earning rewards is directly proportional to the amount of cryptocurrency staked. That results in larger stakeholders have a higher chance of validating blocks and accruing more rewards, leading to a cycle where they become even more dominant due to their increasing "stake". What we are seeing, with larger Eth staking pools, is that where multiple users pool their tokens to increase their chances of validation, can further exacerbate centralization. This was what many were concerned about the outset, and now we see it happening.

Back at BTC 125K...

Bitcoin mining is significantly more centralized than ETH staking. Ethereum has built-in accountability — dishonest validators get slashed and permanently lose their stake. Bitcoin miners, on the other hand, face no such penalty. If they attack the network, the only cost is electricity, and they can return to attack again. An ETH validator would need to keep buying more ETH only to have it slashed repeatedly, creating a far stronger deterrent.

Now consider Bitcoin’s economics. Under PoW, block rewards halve every four years. Imagine accepting a job where your salary gets cut by 50% on a fixed schedule. Would you sign up for that, gib?

For miners to survive, BTC’s price must more than double every four years just to compensate for halvings and dollar inflation. And after 16 years, transaction fees still account for only about 1% of miner revenue. When does that change? And more importantly, how do you force users to pay more for transactions when alternatives exist?

Ethereum solved this with staking economics and slashing incentives that reward honesty and punish attacks. PoW looks like a race to the bottom while Proof of Stake looks like the future.

BITCOIN BLOCK REWARDS
3.125000 BTC (2024) 1
################################################################
1.562500 BTC (2028) 1/2
################################
0.781250 BTC (2032) 1/4
################
0.390625 BTC (2036) 1/8
########
0.195313 BTC (2040) 1/16
####
0.097656 BTC (2044) 1/32
##
0.048828 BTC (2048) 1/64

[Mayday]

Had this line there for over a year. Just something to ponder.

[Necrosis]

Had this line there for over a year. Just something to ponder.

what does this line indicate? lol

[Griffith]

what does this line indicate? lol

It represents resistance on the ETH/BTC price chart which goes back several years.

It can either reject and go lower or break-out and go higher.

In my own view, considering the ETH treasury companies buying, possible staked ETH ETF's this year, stablecoins becoming more mainstream, and Wall Street starting to show interest in tokenised assets, I believe it will eventually break-out higher.

[Mayday]

what does this line indicate? lol

ETHBTC trend 98% missed this past year and instead looked at 0.055.

Every man and his dog expects a massive rotation at year end. Everyone says up first then down. None of them consider the whales trapped the last 4yrs who don’t want to go another 4yrs. Without rotation, liquidity is too thin and everyone is dying to get out. Sell pressure so big you can’t break
Above The ratio.

[SouJerz]

 

ETHBTC trend 98% missed this past year and instead looked at 0.055.

Every man and his dog expects a massive rotation at year end. Everyone says up first then down. None of them consider the whales trapped the last 4yrs who don’t want to go another 4yrs. Without rotation, liquidity is too thin and everyone is dying to get out. Sell pressure so big you can’t break
Above The ratio.

[Griffith]

ETH shorts got rekt.

[Necrosis]

ether savaging folks

[Griffith]

Looks like ETH/BTC is breaking out:

[Necrosis]

Looks like ETH/BTC is breaking out:

so would you buy now?

I have a bunch but am up about 110% right now.

[Flexacon]

so would you buy now?

I have a bunch but am up about 110% right now.

Retail is here 

[Necrosis]

Retail is here 

I havent bought any since my initial purchase as I am just holding, I can't trade. I realize buying at ath is retarded lolol

however, for a trader is this a buy signal.

[Flexacon]

I havent bought any since my initial purchase as I am just holding, I can't trade. I realize buying at ath is retarded lolol

however, for a trader is this a buy signal.

If you bought now there is a strong likelihood eth runs higher and then has a hard correction in September. Good chance your position will then be underwater, but it will likely bounce again in Oct/Nov to a new high.

If you can stomach that volatility, then sure go ahead and buy, but your upside potential is fairly limited for the risk you'd be taking on.

[obsidian]

ETH enters bull run for me when it goes above the inflation adjusted ATH level of around $5,820. Because that's what $4,896 in 2021 is worth today - due to the dollar's buying power decreasing over time. This is an average inflation rate of 4.44% and cumulative inflation of 18.87%.

2017 ATH: $1,350
2021 ATH: $4,890

That's a 3.62x increase.

There’s a theory that as assets grow in market cap, their returns diminish. However, in a strong FOMO scenario, we could still see extreme price surges. Some people speculate that ETH might hit $15K–$20K, or even $30K by the end of this cycle — assuming cycles still exist. One person even suggested ETH could reach $80K next year.

Anything is possible, but it’s equally possible that none of this happens. You could lose everything you invest in crypto, so you need to be prepared for a total loss. The market remains extremely volatile, driven largely by emotional traders who panic-sell or FOMO in.

[unwieldy]

ETH enters bull run for me when it goes above the inflation adjusted ATH level of around $5,820. Because that's what $4,896 in 2021 is worth today - due to the dollar's buying power decreasing over time. This is an average inflation rate of 4.44% and cumulative inflation of 18.87%.

2017 ATH: $1,350
2021 ATH: $4,890

That's a 3.62x increase.

There’s a theory that as assets grow in market cap, their returns diminish. However, in a strong FOMO scenario, we could still see extreme price surges. Some people speculate that ETH might hit $15K–$20K, or even $30K by the end of this cycle — assuming cycles still exist. One person even suggested ETH could reach $80K next year.

Anything is possible, but it’s equally possible that none of this happens. You could lose everything you invest in crypto, so you need to be prepared for a total loss. The market remains extremely volatile, driven largely by emotional traders who panic-sell or FOMO in.

I think that most people don't fully grasp this concept until they experience it. Happened to me and it completely crushed me in all dimensions of my existence. Brutal.

[Griffith]

I think that most people don't fully grasp this concept until they experience it. Happened to me and it completely crushed me in all dimensions of my existence. Brutal.

That's part of the experience we all have to go through at some point in crypto. The ones who survive that make it.

I've been taking profits gradually at set points and and not using my profits to trade.

It's impossible to time the top, and a black swan event could happen any time, so I'm happy with gradual profits at designated targets as the price increases.

[unwieldy]

That's part of the experience we all have to go through at some point in crypto. The ones who survive that make it.

I've been taking profits gradually at set points and and not using my profits to trade.

It's impossible to time the top, and a black swan event could happen any time, so I'm happy with gradual profits at designated targets as the price increases.

Do you take those profits in dollars or do you keep them in stable coins, waiting for dips/bears?

[Griffith]

Do you take those profits in dollars or do you keep them in stable coins, waiting for dips/bears?

In stablecoins, USDT.

Some I will convert and withdraw to my bank account, the rest I will leave waiting for any buying opportunities or bear market and earning some yield on it as well.

But for now, I'm only taking profits from what I had bought earlier, not actively trading.

[unwieldy]

In stablecoins, USDT.

Some I will convert and withdraw to my bank account, the rest I will leave waiting for any buying opportunities or bear market and earning some yield on it as well.

But for now, I'm only taking profits from what I had bought earlier, not actively trading.

Thanks

[Griffith]

An absolute game changer for me was using the order book.

Without using the order book, it's as if trading blind in comparison.

With the order book, you can see exactly where all the sell and buy orders are and where the liquidity is at, and price tends to move towards liquidity.

It's also a good indicator for areas of possible support or resistance, since you can see where any large buy and sell walls are (though they can get quickly removed or moved if created by a whale in order to influence traders, but this is less likely when using the spot order book instead of the futures order book).