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

[Bindare_Dundat]

LOL 


This is where the ‘iffy’ exchanges get exposed.

Notice that instead of choosing to transform with regulations they instead say F U and cease operating openly in those countries. Shows you the level of shady shit they have going on and their need to protect their larger customer base who obviously don’t want to be known.

Idk.

Is it iffy if you dont want to use KYC if youre tryinhg to avoid paying taxes? Also I dont know how many exchanges offer up to 100x leverage. (I actually dont, Ive only ever used one.)

[Griffith]

Realized I actually personally know the guy who created yfi coin and ‘yearn finance’.

He’s a compulsive liar so I don’t know how anyone can trust him with their money.

[SOMEPARTS]

John "I'll eat my dick" McAfee being extradited from Spain by US for tax evasion and "manipulating" crypto prices on his Twitter.

https://www.thesun.co.uk/news/14248696/john-mcafee-anti-virus-software-charged/



It's total BS but realize that they will assign the laws they want when they want.

[Bindare_Dundat]

John "I'll eat my dick" McAfee being extradited from Spain by US for tax evasion and "manipulating" crypto prices on his Twitter.

https://www.thesun.co.uk/news/14248696/john-mcafee-anti-virus-software-charged/



It's total BS but realize that they will assign the laws they want when they want.

man that dude looks and sounds like a serious cokehead. lol

[SOMEPARTS]

man that dude looks and sounds like a serious cokehead. lol

For being 75 he's still pretty wound up. 

[Humble Narcissist]

John "I'll eat my dick" McAfee being extradited from Spain by US for tax evasion and "manipulating" crypto prices on his Twitter.

https://www.thesun.co.uk/news/14248696/john-mcafee-anti-virus-software-charged/



It's total BS but realize that they will assign the laws they want when they want.

Yep, there are enough laws on the books to get anyone.

[FitnessFrenzy]

[Bindare_Dundat]

He is 100% right and he also.mentioned Sheldon and Digital Asset News. The only 2 guys I watch.    good.post dude


Bitboy and DaVinci as well The Moon channel are the worst offenders.They ruin people.

[Griffith]

https://www.newsbtc.com/news/bitcoin/ethereum-bitcoin-macro-beating-gold/

Economist: Ethereum and Bitcoin Look “Bullish” After Withstanding “Macro Beating”

Bitcoin and Ethereum are down from their recent 2021 highs, but compared to their traditional market counterparts, have shown more resilience during the recent “royal macro beating.”

Here’s why one top economist and investor says this is incredibly bullish for the two titan cryptocurrency assets.

Royal Macro Beating Can’t Take Down Bullish Bitcoin And Ethereum

This week, the stock market plunged, and precious metals saw a sharp selloff as the macro environment remains uneasy globally. Yet somehow, amidst a “royal macro beating”, Ethereum and Bitcoin have held up comparably well.

Economist and trader Alex Kruger says the resiliency is “bullish” for Bitcoin and Ethereum. The two top crypto assets have been in an uptrend for a full year now, and the recent macro jitters have been the first major bump in the road since.

Bitcoin exploded from lows around $4,000 to $58,000 per coin at the high, while Ethereum fell to under $100 and has risen to $2,000 since. The more than 10x rise, however, might be nowhere near the finish line, and holding up so well here could be the catalyst that sends the cryptocurrencies higher through the resistance level.

The Changing Of The Guard To Crypto Is Underway

The stock market is on thin ice, and precious metals cannot be upgraded or updated, and have limited use in the future as a store of value compared to cryptocurrencies.

The digital gold narrative has been working, and the steepness of the gold selloff above shows how effective the narrative has been. Crypto prices holding up so well while gold plummets, could send even more capital flowing out of metals and into the scarce digital asset.

Profit-taking in the currency overheated stock market will want to follow the money, wherever the grass is greener and profits are consistent. If that place is the crypto market, the flood gates of capital could finally be coming that helps to push Bitcoin to prices of hundreds of thousands of dollars per coin, and tens of thousands of dollars per Ether.

The nascent technologies are only now coming into their own as financial assets, and institutional investors have begun to recognize the shift from traditional assets, to digital ones, and the ones who have been early thus far have been the most profitable.

Will Bitcoin and Ethereum continue to hold up this well, or will they ultimately succumb to the continuing macro beating going on across markets right now?

[FitnessFrenzy]

$ 47,672.78

[Bindare_Dundat]

$ 47,672.78

its been around the 46k to 51k channel since beginning of Feb. with the exception of the short lived bump to 58k and the short lived drop to 43k.

It hasnt dropped below the price rise that happened after Elon bought in at, so far.

[Thin Lizzy]

its been around the 46k to 51k channel since beginning of Feb. with the exception of the short lived bump to 58k and the short lived drop to 43k.

It hasnt dropped below the price rise that happened after Elon bought in at, so far.

Elon’s company dropped 40% in the last month. It bounced on Friday but is still 33% off its high:

[Bindare_Dundat]

Elon’s company dropped 40% in the last month. It bounced on Friday but is still 33% off its high:

im talking about bitcoin.

Anyway, good chance were dropping to the range mayday mentioned earlier. imo

[Thin Lizzy]

im talking about bitcoin.

Anyway, good chance were dropping to the range mayday mentioned earlier. imo

Bitcoin held up well considering the slaughter in the Tech Sector. This week should be inneresting🤔 We’ll the correlation between tech stocks and Crypto. This was not a run of the mill correction. People who bought high flyers near the top are going to be holding the bag for a long time.

[Mayday]

Bitcoin held up well considering the slaughter in the Tech Sector. This week should be inneresting🤔 We’ll the correlation between tech stocks and Crypto. This was not a run of the mill correction. People who bought high flyers near the top are going to be holding the bag for a long time.

Tesla stock being hammered because Wall Street doesn’t function anymore on stock valuation. It’s all speculation of an event now. Speculation of a crash. Speculation of a short. Speculation of QE. It’s all they have left to make money.

For BTC I would lean towards the price floor effect being the main reason for a divergence of BTC to stocks. In saying that we are still seeing everything dip so BTC still gets hurt.

Since March the bulk coin purchases have been removed from exchanges. It didn’t mean much in 2020 but in 2021 we are seeing shallower dips and massive buying pressure during a dip. This is the most vital piece of data for overall market stats of play.

Price floor in Feb was calculated at 39.4K meaning it would take a black swan event to break below that level. I wouldn’t be surprised to see a second leg down to the 39-42k range (most likely the higher end of that range) followed by an almost immediate recovery.

Whatever price we see this dip you will never see again. People should FOMO their brains out right now.

After this next 1-2 weeks the pullback should be over, the next BTC target is ballpark 77k. After that.....

[obsidian]

For the Ethereum haters....

[Mayday]

For the Ethereum haters....

Fuck yeah boi!

I saw it decouple last night 

1559 is scheduled for July. ETH will go bananas second half of this year.

[Theoak*]

Placed all my ETH in an interest account. Substantial amount too. Interest will be paid in btc monthly. Still view Eth as a shitcoin so not too fussed what happens with it. The fact it can generate me more btc is its only use case for me.

[Thin Lizzy]

Tesla stock being hammered because Wall Street doesn’t function anymore on stock valuation. It’s all speculation of an event now. Speculation of a crash. Speculation of a short. Speculation of QE. It’s all they have left to make money.

For BTC I would lean towards the price floor effect being the main reason for a divergence of BTC to stocks. In saying that we are still seeing everything dip so BTC still gets hurt.

Since March the bulk coin purchases have been removed from exchanges. It didn’t mean much in 2020 but in 2021 we are seeing shallower dips and massive buying pressure during a dip. This is the most vital piece of data for overall market stats of play.

Price floor in Feb was calculated at 39.4K meaning it would take a black swan event to break below that level. I wouldn’t be surprised to see a second leg down to the 39-42k range (most likely the higher end of that range) followed by an almost immediate recovery.

Whatever price we see this dip you will never see again. People should FOMO their brains out right now.

After this next 1-2 weeks the pullback should be over, the next BTC target is ballpark 77k. After that.....

Wall Street has always been a casino. Speculative schemes have been going on  before our grandparents were born.

You might be right but it smells like a pump and dump to me. My GUESS is that it eventually crashes AGAIN, goes back into the doldrums, and we don’t hear from the bitcoin bugs for a while.

[gib]

Supply of Bitcoin is totally limited. The window of opportunity for most people on our planet to become wholecoiners is rapidly closing.

Demand for Bitcoin is growing daily, both by the big players, and by retail investors. Its not even so much "investment" as opposed to seeing a global haven as a store of value to preserve future wealth.

The entire ecosystem around BTC continues to grow globally. Exchanges, regulatory, banks, Visa, Paypal, ETFs etc. So even if there is a dip in price, the entire infrastructure has been built for the next huge bull run. Money printing continues. Faith in fiat currencies is falling. We will see a Chinese digital coin with huge privacy concerns and tracking implications. And we may also see increased taxes on hard physical assets such as residential real estate, to pay for the handouts to the masses and to finance government spending.

Since the Covid panic Bitcoin low of below USD 5,000, we have gone up more than 10x to USD 50,000 in around a period of a year. It takes just a 2x increase from here to get us to 100K, which is easily achievable by year end. My "BTC 100K by end 2021 as a possibility" statement back in 2017 now seems now quite realistic.

I continue to suggest to anyone to continue to accumulate Sats and then Hodl. Ignore the short term noise and see the big picture.

At times like this we need to reflect on the prophetic words of resident financial genius Mr Anabolic...

"Never forget - first 100,000, then 1,000,000"

[Mayday]

Wall Street has always been a casino. Speculative schemes have been going on  before our grandparents were born.

You might be right but it smells like a pump and dump to me. My GUESS is that it eventually crashes AGAIN, goes back into the doldrums, and we don’t hear from the bitcoin bugs for a while.

But what started as Speculation on business fundamentals has dwindled to become speculation on outside market influences because money has already front run all the yield from the metrics.

 The market today is nothing like the market 50yrs ago and behaves nothing like 50yrs ago. Tesla buys BTC which quickly makes the company more profit in a month than the entire business made in the previous year and the result is the share price goes down because all stocks went down lol. It’s a total decoupling from fundamentals now.

It can be bailed out. I’m not saying it won’t but it’s during this bailout that you see emerging markets fly past it.


The underlying data/behaviour in BTC isn’t like before. It has changed and it will catch everybody by surprise. We have a price floor of ballpark 39.4K right now. We won’t see 20k or 30k again. In May, we won’t see 40k ever again.

The pullback from peak might be 50% instead of 85% but perspective can be a bitch. A 50% pullback from 80k is 40k. A 50% pullback from 500k is 250k.

[Griffith]

Stimulus cheque of $1400 passed in US senate.

[Griffith]

For the Ethereum haters....

 

[FitnessFrenzy]

$ 50,947.42

[Thin Lizzy]

But what started as Speculation on business fundamentals has dwindled to become speculation on outside market influences because money has already front run all the yield from the metrics.

 The market today is nothing like the market 50yrs ago and behaves nothing like 50yrs ago. Tesla buys BTC which quickly makes the company more profit in a month than the entire business made in the previous year and the result is the share price goes down because all stocks went down lol. It’s a total decoupling from fundamentals now.

It can be bailed out. I’m not saying it won’t but it’s during this bailout that you see emerging markets fly past it.


The underlying data/behaviour in BTC isn’t like before. It has changed and it will catch everybody by surprise. We have a price floor of ballpark 39.4K right now. We won’t see 20k or 30k again. In May, we won’t see 40k ever again.

The pullback from peak might be 50% instead of 85% but perspective can be a bitch. A 50% pullback from 80k is 40k. A 50% pullback from 500k is 250k.