Author Topic: Bitcoins - about to hit $5,000 per coin today!  (Read 1132804 times)

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4650 on: February 01, 2021, 05:04:49 PM »
10 year prison sentence is heavy punishment , could scare some people off . . .

Lol, I guess so, if people were really stupid enough to believe that the Indian Government had a way of actually reading a person's mind and in particular how it interacts with a mathematical algorithm. All that happens then is that BTC becomes a confidential store of wealth, and that day to day the poor interact with fiat money for day to day transactions, but benchmarked to BTC. India is a global country, and so cannot be isolated from a global currency and store of value.

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4651 on: February 01, 2021, 07:13:26 PM »
DooM, see this is how we do it, one step at a time.

https://cointelegraph.com/news/senator-to-launch-financial-innovation-caucus-to-educate-lawmakers-on-crypto

"We hope to use it as a springboard to educate members of the U.S. Senate and their staff about Bitcoin specifically, but about other opportunities for cryptocurrency and financial innovation and blockchain.

Lummis stated the caucus will first work to fight the false narrative about digital assets and crypto being used for money laundering, noting that research from blockchain forensics firm Chainalysis indicates “cryptocurrency-related crime is smaller than criminal activity with cash.”

Bindare_Dundat

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4652 on: February 02, 2021, 01:09:50 AM »
Think Ethereum hit another record high.

Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4653 on: February 02, 2021, 01:11:07 AM »
ETHBTC really wants to break above 0.041 ratio due to BTC sideways movement.

4th-11th Feb is action week.

8th Feb is the key date.

The key to being ‘safe’ for ETH is to ensure BTC rallies successfully. Each time ETH has tapped the high, BTC pukes inside the next 12 hours and ETH pulls back.

We are seeing ETH tap the high once again so it begs the question, is BTC about to take a major dump just like the times before it.


We can ponder, are the pullbacks in BTC timed to prevent ETH from breaking the all time high?  Take a look. What do you guys think?

Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4654 on: February 02, 2021, 01:13:48 AM »
Think Ethereum hit another record high.

Was just looking at this at the same time lol.

I’m thinking BTC is going to puke. It’s too coincidental for me that each time ETH approaches the ATH suddenly BTC takes a dive and ETH is pulled back. Even right now someone is pulling ETH back. Very interesting.

Still, I am basing my strategy around BTC because that is still the core driver for the crypto market. No point in being an a ethereum hero for a day to them be at a big loss the next 2 weeks.

Bindare_Dundat

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4655 on: February 02, 2021, 01:32:23 AM »
Was just looking at this at the same time lol.

I’m thinking BTC is going to puke. It’s too coincidental for me that each time ETH approaches the ATH suddenly BTC takes a dive and ETH is pulled back. Even right now someone is pulling ETH back. Very interesting.

Still, I am basing my strategy around BTC because that is still the core driver for the crypto market. No point in being an a ethereum hero for a day to them be at a big loss the next 2 weeks.


I dont sleep bro. Lol

ETH.has not seen a significant low in quite some time and its trajectory is still in ascending trendline.

BTC has been having a much more.difficult time breaking out of the descending triangle.

Bust out just recently.  Big green candles for btc. See how long this lasts.


Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4656 on: February 02, 2021, 03:29:24 AM »
The problem for BTC is it has had so many failed attempts it becomes worn down. Fatigued.

Every single parabolic run has been met with a retrace before a ramp.

It is good news it has taken this long and is still fighting. It gives me confidence that a second ramp will happen. I just don’t believe it will happen from here is all.

Bindare_Dundat

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4657 on: February 02, 2021, 05:26:44 AM »
The problem for BTC is it has had so many failed attempts it becomes worn down. Fatigued.

Every single parabolic run has been met with a retrace before a ramp.

It is good news it has taken this long and is still fighting. It gives me confidence that a second ramp will happen. I just don’t believe it will happen from here is all.


Micheal Saylor has a big event tomorrow that could trigger a big rally. This might be the pre rally lol

SOMEPARTS

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4658 on: February 02, 2021, 06:11:29 AM »

Micheal Saylor has a big event tomorrow that could trigger a big rally. This might be the pre rally lol



Proponents of BTC are always looking for the next pump event in place of fundamental value or utility. Again, how is that not playing into the greater fool theory?

FitnessFrenzy

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4659 on: February 02, 2021, 06:59:02 AM »
$ 34,784.05

Army of One

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4660 on: February 02, 2021, 07:11:36 AM »


Proponents of BTC are always looking for the next pump event in place of fundamental value or utility. Again, how is that not playing into the greater fool theory?

its utility is of a store of value that preserves wealth.Not everything needs to be complicated.Its gradually being assigned more and more value by greater amounts of institutions and corporations. Thus those events pump the price, just like stocks.

Bindare_Dundat

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4661 on: February 02, 2021, 07:13:58 AM »


Proponents of BTC are always looking for the next pump event in place of fundamental value or utility. Again, how is that not playing into the greater fool theory?

Just stating a real  possibility and how one can potentially benefit from it. No one is making anyone take the risk. If youre just gonna poo poo everything, not sure how that benefits anyone?

If I listened to everyone that shit on bitcoin and the negative news i would have sold at 7000 dollars and had zero in my account.

Griffith

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4662 on: February 02, 2021, 07:52:34 AM »
Ethereum breaking all time high.

Bindare_Dundat

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4663 on: February 02, 2021, 08:42:14 AM »
Eth killing it

Griffith

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4664 on: February 02, 2021, 08:43:52 AM »

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4665 on: February 02, 2021, 08:50:58 AM »
its utility is of a store of value that preserves wealth.Not everything needs to be complicated.Its gradually being assigned more and more value by greater amounts of institutions and corporations. Thus those events pump the price, just like stocks.


Are you claiming crypto of an unknown origin is an uncomplicated store of value? Haha.


polychronopolous

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4666 on: February 02, 2021, 08:54:12 AM »
Tesla CEO Elon Musk: Bitcoin On ‘The Verge Of Broad Acceptance’


Elon Musk, the billionaire chief executive of electric car-maker Tesla TSLA +4.1%, has said he thinks the soaring cryptocurrency bitcoin is on "the verge" of breaking into traditional finance.

Musk, who revealed last month he is open to being paid in bitcoin, made the comments during a wide-ranging interview on the app Clubhouse that also covered manned missions to Mars and Musk's implantable brain–machine interface Neuralink.

 "I do at this point think bitcoin is a good thing," Musk told a packed Clubhouse chat room, adding he doesn't "have a strong opinion on other cryptocurrencies."

"I am a supporter of bitcoin. I am late to the party but a supporter. I think bitcoin is on the verge of getting broad acceptance by conventional finance people."

Musk's comments put him at odds with many global central bankers and regulators who have recently warned bitcoin is primarily used for illicit purposes and to launder money.

 Musk said that people had tried to get him involved in bitcoin in the past, going back as far as 2013, when bitcoin was worth a fraction of what it is now—trading at under $100.

The bitcoin price has soared around 200% since October, surging to over $40,000 per bitcoin before falling back slightly. The blistering bitcoin rally has largely been put down to institutional investors warming to the cryptocurrency and payments giants such as PayPal PYPL +1.9% adding their support—though bubble fears have emerged.

Last week, Musk—whose tweets about bitcoin and joke cryptocurrency rival dogecoin often move the market—sent the bitcoin price sharply higher when he gave bitcoin a long-awaited tacit endorsement following restrictions being placed on the trading of company shares that have become a battleground for bullish retail traders organised via Reddit's WallStreetBets forum and Wall Street hedge funds that have long been shorting the stocks.

"I have to be careful what I say, it can affect the market," Musk said via Clubhouse, addressing the power of his near-45 million followers on Twitter.


 https://www.forbes.com/sites/billybambrough/2021/02/01/elon-musk-bitcoin-on-the-verge-of-broad-acceptance/?sh=7c28b06052c7

Griffith

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4667 on: February 02, 2021, 08:58:14 AM »
ETH over $1500.

Bindare_Dundat

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4668 on: February 02, 2021, 09:33:45 AM »

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4669 on: February 02, 2021, 12:21:52 PM »

Are you claiming crypto of an unknown origin is an uncomplicated store of value? Haha.

?

You know the Bitcoin source code is open source right? Nothing stopping you from educating yourself and learning exactly how it works.Its origin is irrelevant for understanding it.

obsidian

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4670 on: February 02, 2021, 12:45:57 PM »
ETH over $1500.
Wow that took forever fuck me! Hopefully it will double in short order. Many people are super bullish about Ethereum.

Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4671 on: February 02, 2021, 07:00:21 PM »
BTC @36.1k. We should see an attempt to break above 37.2k. If it can do it and use that level as support, giddyup towards 55k. If it gets rejected, not so nice.

I have a small position in ETH but that’s just a longer hold and only bought from profits, not my original investment.

I’m still playing safe and waiting for BTC to either prove it can rally and hold or crash and burn.

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4672 on: February 02, 2021, 07:29:44 PM »
BTC @36.1k. We should see an attempt to break above 37.2k. If it can do it and use that level as support, giddyup towards 55k. If it gets rejected, not so nice.

I have a small position in ETH but that’s just a longer hold and only bought from profits, not my original investment.

I’m still playing safe and waiting for BTC to either prove it can rally and hold or crash and burn.

Seen people like you new to crypto over the past 7years since I've  been hodling thinking you can out trade the market. It all ends up the same, Rekt.
Have people  like SOMEPARTS who are content to pass up a 20000% + gain because they inherently believe the bitcoin eco system is flawed....keep grinding that 9-5.
Then others like you who take  a bet each way, state your position for the long term. Either it crashes and burns or becomes one of the best investment  vehicles weve ever seen....

Have a watch:



obsidian

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4673 on: February 02, 2021, 08:06:40 PM »

Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #4674 on: February 02, 2021, 09:18:12 PM »
Seen people like you new to crypto over the past 7years since I've  been hodling thinking you can out trade the market. It all ends up the same, Rekt.
Have people  like SOMEPARTS who are content to pass up a 20000% + gain because they inherently believe the bitcoin eco system is flawed....keep grinding that 9-5.
Then others like you who take  a bet each way, state your position for the long term. Either it crashes and burns or becomes one of the best investment  vehicles weve ever seen....

Have a watch:

It’s a tad odd to be made fun of because I am risking my Profits only and have my initial investment to enter when I feel it is a safe buy in post a dip (any dip).

I am playing with well into 6 figures. Think you can stomach a 200k loss of initial capital (not profit) in under 60 seconds? I doubt it.

HODLers seem oblivious that there are market cycles and that crypto is volatile as all fuck. Don’t kid yourself that you won’t see BTC under 20k again and ETH will be right back under 1k.

The risk to HODL is you never know if that was the last peak. Blindly believing social media that it can only go higher puts you in the category of missing your exit and riding the wave into the ground.

The guys on here with opposing views on BTC are completely valid to raise their concerns over why it won’t succeed. I don’t ignore them because there is some truth to those risks.