Author Topic: Bitcoins - about to hit $5,000 per coin today! (Read 1134490 times)

Thin Lizzy · « **Reply #5000 on:** February 17, 2021, 05:58:31 AM »

Heard Noriel Roubini shitting all over Bitcoin this morning. He’s a bought and paid for globalist. So, to me that’s a positive for crypto.

Thin Lizzy · « **Reply #5001 on:** February 17, 2021, 06:11:14 AM »

Quote from: gib on February 17, 2021, 03:59:45 AM

Nothing unique about this company. In fact, be very weary of any company that has "blockchain" in their name...

Had a similar rise back in 18 and a spectacular fall:

Griffith · « **Reply #5002 on:** February 17, 2021, 06:12:24 AM »

Quote from: Thin Lizzy on February 17, 2021, 05:58:31 AM

Heard Noriel Roubini shitting all over Bitcoin this morning. He’s a bought and paid for globalist. So, to me that’s a positive for crypto.

Here it is:

https://www.bloomberg.com/news/videos/2021-02-17/bitcoin-is-a-self-fulfilling-bubble-roubini-warns-video

polychronopolous · « **Reply #5003 on:** February 17, 2021, 09:05:01 AM »

World’s Largest Asset Manager BlackRock Confirms They’re Looking Into Bitcoin

The Managing Director of the world’s largest asset management company, BlackRock, confirmed they’re looking into Bitcoin.

The world’s largest asset manager, BlackRock, is looking into Bitcoin. This was confirmed by the managing director of the company, Rick Rieder, today.

Rick Rieder, the managing director of BlackRock, the world’s largest asset manager, confirmed that the company is looking into Bitcoin. “We’ve started to dabble a bit into it,” he said, refusing to put a target allocation the company has.
In the interview with CNBC’s SquawkBox, Rieder did say that diversifying one’s portfolio in the current economic reality does make sense. He also said that BlackRock is currently sitting on a lot more cash than they have historically had because traditional hedges don’t work.

We’re holding a lot more cash than we’ve held historically because interest rates don’t work as a hedge and diversifying in other assets makes some sense. So, holding some portion of what you hold in cash and things like crypto seems to make some sense to me.

https://cryptopotato.com/worlds-largest-asset-manager-blackrock-confirms-theyre-looking-into-bitcoin/

Griffith · « **Reply #5004 on:** February 17, 2021, 09:30:18 AM »

https://www.financemagnates.com/cryptocurrency/news/ethereum-attracts-record-216-million-weekly-crypto-inflows/

Ethereum Attracts Record $216 Million Weekly Crypto Inflows

Ethereum, the world’s second-largest cryptocurrency, attracted a record $216 million in ETH-related investment products last week, beating the previous week’s record of $195 million.

The total cryptocurrency assets under management stood at around $47 billion last week.

According to the latest weekly crypto inflows report published by CoinShares, last week saw a total of $602 million investment in digital assets, the third-largest inflows on record. Ethereum remained the standout performer as the world’s second-largest cryptocurrency, accounting for nearly 36% of the total weekly inflows.

“Ethereum was the standout performer with a record $216 million of investment product inflows, beating the previous week’s record of $195 million. Ethereum inflows represented 36% of the digital asset inflows last week, far greater than the share of assets under management at 16%. This highlights how investors are, at least on a relative basis, favoring Ethereum...”

Grayscale accelerated its accumulation of Ethereum in the last few weeks. The asset manager purchased 194,522 ETH in the last 4 weeks. Grayscale now has more than 3.13 million Ethereum under management with a total value of more than $5.5 billion. As of writing, ETH is trading above $1,800 with a total market cap of $207 billion.

FitnessFrenzy · « **Reply #5005 on:** February 17, 2021, 09:53:36 AM »

$ 51,266.02

OneMoreRep · « **Reply #5006 on:** February 17, 2021, 11:05:39 AM »

Here's a random question to you all.

I'm looking to gift a family member (nephew) about $2,500 in cryptos.

I'm thinking either Cardano or Polkadot. Out of those 2, which would you pick and why? I'm also trying to keep it simple and not over diversify by keeping it down to just 1-2 cryptos.

"1"

Bindare_Dundat · « **Reply #5007 on:** February 17, 2021, 11:57:08 AM »

52,207.30

evacnam · « **Reply #5008 on:** February 17, 2021, 12:00:39 PM »

Quote from: OneMoreRep on February 17, 2021, 11:05:39 AM

Here's a random question to you all.

I'm looking to gift a family member (nephew) about $2,500 in cryptos.

I'm thinking either Cardano or Polkadot. Out of those 2, which would you pick and why? I'm also trying to keep it simple and not over diversify by keeping it down to just 1-2 cryptos.

"1"

oh hi Uncle onemorerep

Mayday · « **Reply #5009 on:** February 17, 2021, 12:42:20 PM »

Quote from: OneMoreRep on February 17, 2021, 11:05:39 AM

Here's a random question to you all.

I'm looking to gift a family member (nephew) about $2,500 in cryptos.

I'm thinking either Cardano or Polkadot. Out of those 2, which would you pick and why? I'm also trying to keep it simple and not over diversify by keeping it down to just 1-2 cryptos.

"1"

I hold both in a small amount.

I have 4x more Cardano than I do Polkodot.

I can’t talk about the tech but the market structure is important as XRP messed up and held a lot of alt coins back.

CARDANO recently made the push up to 3rd spot overtaking XRP which no other coin has done. What we ‘might’ see is a rapid acceleration of Cardano in market cap to bring it closer to ETH. Alt at is assuming CARDANO holds 3rd spot in the short term.

Mayday · « **Reply #5010 on:** February 17, 2021, 01:08:43 PM »

Quote from: Bindare_Dundat on February 17, 2021, 05:56:48 AM

I stopped watching the ethereum chart. Its like clockwork, up and down in the same range last week.
Yes it held its value well while btc was dropping but it wasn't doing nearly as well as a ton of lower cap alt coins. By comparison across other coins its pricing momentum has stalled. Long term investing itll still do well for people but I dont think it'll be as good as some of the higher numbers mentioned.

BTC is way more predictable. Just buy BTC if that’s what you want, it’s performing like a demon and has lower risk attached vs alt coins.

The risk for ETH and alt coins is a complete decoupling from BTC where they lose value against it.

OneMoreRep · « **Reply #5011 on:** February 17, 2021, 01:34:05 PM »

Quote from: Mayday on February 17, 2021, 12:42:20 PM

I hold both in a small amount.

I have 4x more Cardano than I do Polkodot.

I can’t talk about the tech but the market structure is important as XRP messed up and held a lot of alt coins back.

CARDANO recently made the push up to 3rd spot overtaking XRP which no other coin has done. What we ‘might’ see is a rapid acceleration of Cardano in market cap to bring it closer to ETH. Alt at is assuming CARDANO holds 3rd spot in the short term.

Don't mind buying both in equal amounts, but will probably do the same approach and hold higher position in cardano.

What trading platform do you use to purchase? Kraken, Binance?

"1"

polychronopolous · « **Reply #5012 on:** February 17, 2021, 04:31:24 PM »

Bitcoin is eating gold

obsidian · « **Reply #5013 on:** February 17, 2021, 05:38:57 PM »

Ethereum just passed $1900! Goddamn that took a while.

Bitboy reckons it was mining giant f2pool sellling off so they could buy the dips to maximize their gains. Along with institutional investors trying to get it at a lower price. Fundamentals for Ethereum is good so it should have gone past $2000 a few weeks ago.

Mayday · « **Reply #5014 on:** February 17, 2021, 07:02:41 PM »

Quote from: OneMoreRep on February 17, 2021, 01:34:05 PM

Don't mind buying both in equal amounts, but will probably do the same approach and hold higher position in cardano.

What trading platform do you use to purchase? Kraken, Binance?

"1"

I’m not in the US so I use different exchanges.

Mayday · « **Reply #5015 on:** February 17, 2021, 07:29:02 PM »

Quote from: obsidian on February 17, 2021, 05:38:57 PM

Ethereum just passed $1900! Goddamn that took a while.

Bitboy reckons it was mining giant f2pool sellling off so they could buy the dips to maximize their gains. Along with institutional investors trying to get it at a lower price. Fundamentals for Ethereum is good so it should have gone past $2000 a few weeks ago.

The next 8 weeks are a moment of truth for ETH.

Don’t fret if BTC is rejected at 55k and pulls back.

ETH to 2.4K - pullback to 2.1k - rally to 3k in the next 4 weeks.

pellius · « **Reply #5016 on:** February 17, 2021, 08:05:05 PM »

Quote from: Mayday on February 17, 2021, 12:42:20 PM

I hold both in a small amount.

I have 4x more Cardano than I do Polkodot.

I can’t talk about the tech but the market structure is important as XRP messed up and held a lot of alt coins back.

CARDANO recently made the push up to 3rd spot overtaking XRP which no other coin has done. What we ‘might’ see is a rapid acceleration of Cardano in market cap to bring it closer to ETH. Alt at is assuming CARDANO holds 3rd spot in the short term.

You guys are on a whole different level. I've never heard of either of these and only heard of the rest, except BTC, from this thread.

Teutonic Knight · « **Reply #5017 on:** February 17, 2021, 08:24:30 PM »

Quote from: pellius on February 17, 2021, 08:05:05 PM

You guys are on a whole different level. I've never heard of either of these and only heard of the rest, except BTC, from this thread.

Hey Pellius , can you write a nice story about Zuckaberg "Hawaiian" wall !!!.

Today, Australian Government smashed Facebook & Zuck is baby

............

Griffith · « **Reply #5018 on:** February 17, 2021, 08:25:52 PM »

ETH new ATH of $1914.

Teutonic Knight · « **Reply #5019 on:** February 17, 2021, 08:49:06 PM »

Ice kill Texas & without ac/dc bitcoin is DEAD

gib · « **Reply #5020 on:** February 17, 2021, 08:49:14 PM »

Quote from: polychronopolous on February 17, 2021, 04:31:24 PM

Bitcoin is eating gold

Yep, and from a much lower market cap base. So for example a 1% movement of Gold into BTC would affect Gold price by 1% but boost BTCs by (for example 30%), depending on how you actually assess the true market cap of Gold.

gib · « **Reply #5021 on:** February 17, 2021, 08:52:41 PM »

Quote from: Teutonic Knight on February 17, 2021, 08:49:06 PM

Ice kill Texas & without ac/dc bitcoin is DEAD

If we ever got to a point in the world where we had no AC/DC, not having access to bitcoin would be the least of our worries...

Won't happen though, so the scenario is ridiculous from the outset.

Teutonic Knight · « **Reply #5022 on:** February 17, 2021, 08:58:00 PM »

Quote from: gib on February 17, 2021, 08:52:41 PM

If we ever got to a point in the world where we had no AC/DC, not having access to bitcoin would be the least of our worries...

Won't happen though, so the scenario is ridiculous from the outset.

Vince, you should invest into windmills/solar "energy"

gib · « **Reply #5023 on:** February 17, 2021, 09:00:12 PM »

So Mr Anabolic? HOW DID YOU CELEBRATE THE BLAST THROUGH THE 50k MARK?

Eat a few extra cans of tuna? Do a few extra curls with kilos of silver ingots?

Never forget - "Blips to 100K, then to million..."

gib · « **Reply #5024 on:** February 17, 2021, 09:02:42 PM »

Quote from: Teutonic Knight on February 17, 2021, 08:58:00 PM

Vince, you should invest into windmills/solar "energy"

Indeed I have invested in a range of energy companies. Both traditional, oil & gas, but also clean such as hydro and solar...

On a related note, just as Mr Anabolic learned his lesson mocking me with Bitcoin, you yourself learned your lesson mocking me when in January 2020 I warned of the coming covid epidemic. One year on, and now you know...