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

[obsidian]

New ETH ATH so far of $1,928.86 per coinranking.com

https://www.cnbc.com/2021/02/18/ether-eth-hits-record-high-as-bitcoin-btc-rally-continues.html

Ether, the world's second-largest digital currency, hit a record high on Thursday, driven up by the continuing rally in bitcoin.

The price of ether hit $1,918.52 during morning trade in Asia but has since pared some gains, according to CoinDesk data. It was trading at $1,883.58 at 12.14 p.m. Singapore time, up around 8%.


Ether has seen a year-to-date price rise of 160% compared to bitcoin's 78% surge in the same period.

But it is the rally in bitcoin — which surpassed $52,000 for the first time on Wednesday — that's helping to push up ether as well.

"The ether slingshot is in motion, with the number 2 coin looking cheap and posed to surge relative to bitcoin's $52k level," Jehan Chu, co-founder of cryptocurrency focused venture capital and trading firm Kenetic Capital, told CNBC.


Ether is the digital coin that powers the ethereum network. Developers can build apps upon ethereum's network.

In that way, ethereum works as a kind of decentralized software platform, which is different to bitcoin, which is designed to just be a currency or store of value. But it's similar to bitcoin in that it is underpinned by so-called blockchain technology.


While there is no single factor for Thursday's price rise, there have been a few developments going on in the background.

Last year, an upgrade called Ethereum 2.0, was launched for the network. Proponents argue this should help ethereum, and the coin ether, to become bigger. The upgrade is still rolling out.

And this month, derivatives exchange CME (Chicago Mercantile Exchange) launched ether futures, potentially opening the doors for more institutional investors to get in on the action.

"Despite ongoing complaints about Ethereum network fees, it remains the go-to destination for all blockchain applications," Chu said.

[obsidian]

I should start my own cryptocurrency.  There are obviously enough stupid people who are more than happy to invest in imaginary money.

That's not how it all works. I know a little about computers and have no idea how to program a blockchain. Can you program? Do you know how to program a variety of applications that can run on a blockchain?

Fiat currencies is imaginary money.

[Mayday]

Would you like to make a 10k aud bet right  now that eth wont touch 20k by the EOY.  I hold a substantial amount of ETH  only because  I got into it at sub 40$ range.
I can pay you in ETH if you win. Anything under  20k by jan 1 2022 and you pay me out.

Be careful of that wager.

It will most likely need the turn of the year to reach it if it’s a double peak.

Why not say 6k and then you’ll shit it in

[gib]

Who says it will be a free protocol for smart contracts? Can you elaborate? This makes zero sense. Sounds like this article from a Bitcoin Maximalist. What is your background? Do you have a PHD in computer science?

https://techcrunch.com/2018/09/02/the-collapse-of-eth-is-inevitable/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMvUp7AEW0lOSeCXbRtZ_wTsayje8K45ZVAczNxyEN5YPIEqfAi9-LU6R6Y4xPYPMXQYXRYOkgkmcoTSFRWXH2kuj8HOKo6mKQitYTCef05AkZjr8hte_9fZVWSXHfQfg55R1pZpBSymdsgiu6-Xzah8OFmq5kWDuLJkt_gCXGg7

You are also forgetting the network effect. If people or institutions buy Ethereum with hard earned cash why would this network affect suddenly disappear? Right now it cost close to $1900 to buy 1 Ethereum. That means it is relatively hard for people living paycheck to paycheck to acquire even 1 Ethereum. Supply and demand is driving the price just like Bitcoin's.

If Ethereum goes to zero the very same thing could happen to Bitcoin. I fail to see how it would somehow be immune. Bitcoin was originally intended as a currency but the narrative changed to where it is becoming a store of value. The same thing could happen to Ethereum and I would argue has already started. After all 1 ETH has reached an ATH over $1,900.

Morning! No time for a long response. I have addressed my thoughts in prior posts. PLease take a look over the last few weeks posts. Gotta go!

[Theoak*]

Be careful of that wager.

It will most likely need the turn of the year to reach it if it’s a double peak.

Why not say 6k and then you’ll shit it in

Im offering you the same wager. Make it 20k because you got  skin in th3 game. Judging by your lingo youre definately Australian. Ill hand deliver the dirty fiat even.

[Humble Narcissist]

That's not how it all works. I know a little about computers and have no idea how to program a blockchain. Can you program? Do you know how to program a variety of applications that can run on a blockchain?

Fiat currencies is imaginary money.

Really?  I use fiat currency everyday to buy goods and services.

[SOMEPARTS]

Im offering you the same wager. Make it 20k because you got  skin in th3 game. Judging by your lingo youre definately Australian. Ill hand deliver the dirty fiat even.

The gambling gene showing itself here....the appeal of BTC is to the easy money crowd at this point. Bernie Bro money...

[Griffith]

https://www.techradar.com/uk/news/coinbase-will-soon-allow-users-to-earn-interest-on-ethereum

Coinbase will soon allow users to earn interest on Ethereum

Cryptocurrency exchange Coinbase has launched a waiting list for users that would like to earn interest on Ether (ETH) held in their account wallet.

As per a recent blog post, the firm will soon introduce a staking facility that will allow customers to set aside a portion of their holdings to be funnelled into the new-look Ethereum network, where it will be used to keep the system well-oiled and secure.

The exchange claims participants could earn interest of up to 7.5% on the amount staked, but will be unable to sell or transact using the allotted Ether for the moment. However, there will be no staking minimum, so users can pledge as little or as much as they like.

[Bindare_Dundat]

Still find it funny that as soon as f2pool gets called out the price of ETH starts going up. 

[Thin Lizzy]

Finally had the pullback day.

[Mayday]

Im offering you the same wager. Make it 20k because you got  skin in th3 game. Judging by your lingo youre definately Australian. Ill hand deliver the dirty fiat even.

I’m heavy ETH. I am pro 20k target ETH in this uptrend.

I can’t wager on the time because I can’t see enough favour in my odds but I think it will be either December or early 2022. It will be close.

the 100k peak this uptrend has almost been crushed by underlying data and market behaviour already.  The 100k was based on a 40k floor price and we are already at 30.3k with a 52k market price. We will soon know whether a 500k/40k blow off top is the new target this round.

My gut is telling me this uptrend is ended by govt intervention which will make the ‘risk’ of possible banning very, very real and result in a crash. Perhaps we see a regulation of the ability to move crypto to and from exchanges that causes a run for the exits as people looking to dodge tax while they still can.

[Bindare_Dundat]

I’m heavy ETH. I am pro 20k target ETH in this uptrend.

I can’t wager on the time because I can’t see enough favour in my odds but I think it will be either December or early 2022. It will be close.

the 100k peak this uptrend has almost been crushed by underlying data and market behaviour already.  The 100k was based on a 40k floor price and we are already at 30.3k with a 52k market price. We will soon know whether a 500k/40k blow off top is the new target this round.

My gut is telling me this uptrend is ended by govt intervention which will make the ‘risk’ of possible banning very, very real and result in a crash. Perhaps we see a regulation of the ability to move crypto to and from exchanges that causes a run for the exits as people looking to dodge tax while they still can.

To the moon by Monday. Lol

[obsidian]

[obsidian]

How high can Binance Coin go? It has been shooting up like crazy and the tokens are being burned so will become more scarce. I've had BNB for over 3 years when it was $8. Now it is approaching $200! Just wish I had gotten more of it. I recently sold some ETH for BNB. BNB has outperformed Bitcoin and Ethereum the past year. Cardano has outperfomed all by a huge margin. Dogecoin outperformed Cardano! 

Based on the returns Dogecoin was a better investment than Bitcoin the past year lol! By a lot!

https://www.theblockcrypto.com/linked/91714/binance-quarterly-token-burn-highest-ever

Binance Coin (BNB) is now the number 3 crypto. It makes sense. Binance is the biggest crypto exchange. Binance Smart Chain (BSC) can run Ethereum Smart Contracts with minor code modifications.

BNB is up a whopping 518.07% in the past 30 days. GIB - if you had sold your 50 BTC for BNB you could now have bought back over 200 BTC!

https://www.coindesk.com/pancakeswap-brings-whopping-defi-volumes-to-binance-smart-chain

https://www.coindesk.com/binance-ceo-defi-cannibalize-crypto-exchange

[obsidian]

https://www.ripplesnigeria.com/binance-founder-faults-cryptocurrency-exchanges-for-ignoring-binance-coin-xvs/

Changpeng Zhao, the founder of the largest cryptocurrency exchange in the world, Binance, has faulted competitors for overlooking BNB (binance coin), and not listing it on their exchange for users to buy and sell.

Binance coin is one of the growing cryptocurrencies in the world, which Zhao described as the 4th largest cryptocurrency.

According to him, Binance coin not being listed by other exchanges limits its rivals’ growth.

Zhao said he shouldn’t be bothered about the decision as it favours him, but he wants the cryptocurrency market to grow. Aside from BNB, the Binance founder also mentioned the omission of Cake and XVS (another type of cryptocurrency) by other cryptocurrency platforms.

“It’s interesting many exchanges won’t list the 4th largest crypto. It shows a finite mindset. And they still don’t understand that it limits their own growth. As #BSC/#BNB gets bigger, this effect will become increasingly clear.

“And already the largest in daily smart contract transaction volume. Let’s watch them miss out on the real DeFi action.

“It’s crazy to see many exchanges didn’t list tokens like $CAKE, $XVS, etc. Their loss. The selfish part of me didn’t want to tell them this actually. But we want the industry to grow.

“#BSC and projects on BSC will continue to grow without other exchange listings. They got @Binance already. It’s really for the other exchanges’ benefit to list some of the strong #BSC tokens.” Zhao said in a statement on Twitter, on Thursday.

Checks by Ripples Nigeria showed that 0.0051263 units of BNB sells at $263.45 on Binance, while 0.0019125 units of XVS is trading at $98.29. No figure was listed for Cake as at the time of filing this report.

[Mayday]

52.8k with what looks to be about 3-4 days left of steam. We are closing in quickly! The odds are for a rejection because any time a rally has had 1 rejection it has had a 2nd. PlusMicrostrategy, Raoul Pal and other big players all just happen to be standing by to buy in.... their timing always seems impeccable lol.


Obsidian it will be interesting to see how much BNB pulls back ‘if’ BTC gets rejected from the 55k range. I might chuck a couple of grand in if it looks good and use the profit as flash money to get myself something nice.

[obsidian]

52.8k with what looks to be about 3-4 days left of steam. We are closing in quickly! The odds are for a rejection because any time a rally has had 1 rejection it has had a 2nd. PlusMicrostrategy, Raoul Pal and other big players all just happen to be standing by to buy in.... their timing always seems impeccable lol.


Obsidian it will be interesting to see how much BNB pulls back ‘if’ BTC gets rejected from the 55k range. I might chuck a couple of grand in if it looks good and use the profit as flash money to get myself something nice.

I bought BNB in 2018 when it was $8. Should have loaded up on it. Some think it could shoot up to $2000 or more this cycle. One thing I need to improve on is learning to take profits along the way. I think greed gets the better of me and I just hodl forever and once shit goes downhill I keep thinking how high it was and just never sell and ride all the way down and up the next bull run lol! GIB keeps telling people to get 1 BTC and just hold forever. However he bailed out of BTC real quick when the price crashed in 2018. Only to buy back in at the bottom.

[obsidian]

[Mayday]

We have this uptrend and the next in 2024-25 but everything will change in this one.

We will see investors front running the 2024 cycle at the end of this one which may result in capital draw from other markets at an alarming rate. Govts may step in as a result which will cause a crash.

I am looking at it like this.

Own 1 BTC to hold until 2028 where it will be worth 10M+ at that point. Anything on top of that you can sell and pay off the mortgage, cars and whatever else and live an easy life.

[Bindare_Dundat]

Binance Coin (BNB) is now the number 3 crypto. It makes sense. Binance is the biggest crypto exchange. Binance Smart Chain (BSC) can run Ethereum Smart Contracts with minor code modifications.

BNB is up a whopping 518.07% in the past 30 days. GIB - if you had sold your 50 BTC for BNB you could now have bought back over 200 BTC!

https://www.coindesk.com/pancakeswap-brings-whopping-defi-volumes-to-binance-smart-chain

https://www.coindesk.com/binance-ceo-defi-cannibalize-crypto-exchange

wow, fuck me.

[FitnessFrenzy]

$ 53,782.58

[Bindare_Dundat]

Guess the ETFs helped. One of best ETF openings in history

[Theoak*]

We have this uptrend and the next in 2024-25 but everything will change in this one.

We will see investors front running the 2024 cycle at the end of this one which may result in capital draw from other markets at an alarming rate. Govts may step in as a result which will cause a crash.

I am looking at it like this.

Own 1 BTC to hold until 2028 where it will be worth 10M+ at that point. Anything on top of that you can sell and pay off the mortgage, cars and whatever else and live an easy life.

I like your assertions, price predictions are on par with ny beliefs and get me one step closer to a la ferrari....

However when tech and institutions start pumping btc into their balance sheets then it will become to big to fail. Its these tech companies, wall st moguls who line the pockets of the governments. It would be counter productive to crash something their backers are invested in.

[Bindare_Dundat]

I like your assertions, price predictions are on par with ny beliefs and get me one step closer to a la ferrari....

However when tech and institutions start pumping btc into their balance sheets then it will become to big to fail. Its these tech companies, wall st moguls who line the pockets of the governments. It would be counter productive to crash something their backers are invested in.

Agreed. Why stop something that's winning? It would like cutting off your own nose to spite your face.

[polychronopolous]

Bitcoin market value tops $1 trillion for first time ever as crypto price soars

 

The world’s No. 1 cryptocurrency hit a record high on Friday, propelling it to a market value above $1 trillion for the first time ever.

A single bitcoin BTCUSD, +5.53% jumped to a record at $$53,910.44, based on prices tracked by CoinDesk, briefly bringing its total market capitalization to a peak at $1,002,547,798,785, according to data from research company CoinMarketCap.com.

 Meanwhile, the S&P 500 index SPX, -0.10% is looking at a year-to-date gain of 4.5%, the Dow Jones Industrial Average DJIA, 0.13% is up 3.3% and the Nasdaq Composite Index COMP, 0.04% is looking at a gain thus far in the year of over 8%.

“Bitcoin price reaching the 1 trillion dollar is the most exciting news of this year,” wrote Naeem Aslam, chief market analyst at AvaTrade, in an emailed note. “This was long coming and the fact is that we are only 10X away from flipping the gold market cap on its head,” he said.

The ascent of the digital asset created just 12 years ago by a person or persons known as Satoshi Nakamoto has been attributed to growing institutional interest in bitcoin and other alternative cryptographically backed assets.

https://www.marketwatch.com/story/bitcoin-market-value-tops-1-trillion-for-first-time-ever-as-crypto-price-soars-11613751855