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

[Humble Narcissist]

ETH is extremely undervalued vs BTC and USD. I'll admit I did not expect this undervaluation to last this long. The market is irrational. But BTC maxis are complacent. They have not been tested. Saylor's STRC will attract weak hands who want guaranteed yield. Once that stops it could all derail. Saylor stress-tested by selling 32 BTC. Look how the market reacted. Imagine if he is forced to sell large volumes. The same could be said of Tom Lee's Bitmine. But he's not leveraged like Saylor. He is earning staking real yield by helping secure Ethereum. Saylor's yield is fake ponzi games.

He was suicidal.

[Mayday]

Recall i used a valuation metric and forecasted fair value of Eth at $500 per coin. Well, we will see...

I continue to nibble away at BTC monthly and now also a few alts which I view basically as unregulated VC projects, which I consider now to be at, or below fair value.

You are bullish..... I've had 450 for quite a while. But that might take another 4yrs, plebs are happy it's going down in price.

[obsidian]

More Bitcoin facilities converted to AI. AI datacenters are much more profitable than mining BTC. In 2 years the block rewards half again. This will continue. Meanwhile transaction fee revenue is miniscule.

https://www.wkbw.com/niagara-county/north-tonawanda-residents-push-back-on-plan-to-convert-bitcoin-mining-facility-into-ai-data-center

NORTH TONAWANDA, N.Y. (WKBW) — North Tonawanda residents are pushing back on a plan to convert a controversial bitcoin mining facility on Erie Avenue into an AI data center.

Dan Rotunno, plant manager of World Generation X, a subsidiary of Digi Power X, is asking the North Tonawanda Planning Commission to allow the company to redesign everything. Rotunno said the company has already removed large portions of existing containers and that the equipment they are exchanging is no longer for bitcoin and is turned into an AI infrastructure.

[obsidian]

BTC ETF Outflows yesterday: -$91.4 million

ETH ETF Inflows yesterday: $82.4 million

ETH is criminally undervalued.

[Mayday]

Where are you seeing happy posts? Many people are already declaring Ethereum dead again. I do not see happy posts about ETH's price. I think the current price is dogshit.

I have a Different perspective is all. It's part of exhaustion to have people constantly buying, never selling. Remember you said above 2k all weak hands were out (that was also all over my feed when you said it. Yet price dropped to 1500. All part of Exhaustion and now they buy at 1700 and 1500.

The problem for buyers is the big sellers are dumping harder than before. The rotation out of BTC will occur once ETH is at a price where it's worthwhile to take the risk But when BTC is a 2x and ETH is a 2.5x from highs why would you buy ETH at all?  ETH has a shitload of risk, you simply wouldn't touch it right now.