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

[SOMEPARTS]

BTC becomes a blackhole triggering a deflationary spiral which will result in the endgame of monetisation of debt.

...and at the end of all that those that orchestrated this debt end up owning everything that is real while regular people own code. 

The mantra they are putting out there is "own nothing and be happy". Perfect vehicle for that.

The little people of the world are not going to rule over the elite over this novelty. You are still standing inside their casino playing their game.

[Griffith]

How much of a pullback do you guys think we could still see for BTC?

[Humble Narcissist]

so now bitcoin is being used as an email scam.  I get a random email saying I won .890989 BTC in some random draw.  Just click on the shady link to accept.  lol.

The real Bitcoin is a scam.  You might as well invest in unicorn farts.

[gib]

The real Bitcoin is a scam.  You might as well invest in unicorn farts.

I thought we've already discussed this with you. How can BTC be a scam? The entire ledger is public. Every single transaction is visible and recorded. 100% transparent. Perfectly limited in supply.

Fiat currency is the scam. Bitcoin is our defence against that...

[Mayday]

...and at the end of all that those that orchestrated this debt end up owning everything that is real while regular people own code. 

The mantra they are putting out there is "own nothing and be happy". Perfect vehicle for that.

The little people of the world are not going to rule over the elite over this novelty. You are still standing inside their casino playing their game.

An understandable position but average Joe isn’t buying crypto, the wealthy are. The inbound increases in price are a result of massive wealth entering the system, us plebs can barely make it budge now.

We are massively in debt. We are solving that by increasing debt. Debt increases deflationary pressure as it’s % increases vs your output.

We will hit peak debt at which point markets are flooded with money and there is no yield left. That is the decision point.

BTC is over 1T market cap. It’s as big as silver and has passed the point of being shoved aside. At the point of market yield collapse, BTC would have averaged 100%/yr while all other asset classes provide zero yield with downside risk. Do you see the risk of a deflationary trigger there?

What price does it need you to hit to capitulate?    For me it took the event of a pandemic and a global shutdown to understand I needed a way off the island at any price.

[polychronopolous]

...and at the end of all that those that orchestrated this debt end up owning everything that is real while regular people own code. 

The mantra they are putting out there is "own nothing and be happy". Perfect vehicle for that.

The little people of the world are not going to rule over the elite over this novelty. You are still standing inside their casino playing their game.

Not financial advice but perhaps you should put your silly little pride to the side and buy some BTC. I know it pains you but maybe just admit your were wrong.

You give far much too much power to the so called "elite"

Either you put your due diligence in and caught this train early or you didn't. You didn't.

Your pride has cost you a shit ton of money but you still have time.

[polychronopolous]

The real Bitcoin is a scam.  You might as well invest in unicorn farts.

"I didn't put my time in and I lost out so now I am extremely bitter at those who WERE able to recognize this revolutionary technology"

[SOMEPARTS]

Not financial advice but perhaps you should put your silly little pride to the side and buy some BTC. I know it pains you but maybe just admit your were wrong.

You give far much too much power to the so called "elite"

Either you put your due diligence in and caught this train early or you didn't. You didn't.

Your pride has cost you a shit ton of money but you still have time.

As stated before, I owned some before probably anyone in this thread and still have a little BTC and LTC.

[polychronopolous]

As stated before, I owned some before probably anyone in this thread and still have a little BTC and LTC.

That makes you incredibly stupid if you sold bitcoin years prior seeing as the price is 57k and gearing to go MUCH MUCH higher.

Again, not a personal knock towards you. Just a pride issue that you have.

[obsidian]

Sounds like a bandaid solution to be honest. The incentive seems to last only a few years.

Yeah well proof of work was going to get phased out regardless and all miners knew that. I am surprised we can still mine Ethereum with GPUs. You could only mine Bitcoin with a GPU for about a year and then FPGA miners took over and eventually ASIC. There are ASIC miners on Ethereum also even though it is supposed to be ASIC resistant.

I think miners are shortsighted. The price of ETH will go up with EIP-1559 and so what if you get paid less ETH. In dollar terms you will probably make more. I'll enjoy GPU mining while it lasts. There are of course other coins to mine after Ethereum but right now it is the most profitable.

[obsidian]

Ethereum is now above the price of gold 

Yes Ethereum is above 1 oz of gold. And Bitcoin is above 1 kg of gold lol!

[Humble Narcissist]

"I didn't put my time in and I lost out so now I am extremely bitter at those who WERE able to recognize this revolutionary technology"

"revolutionary technology..."   

[El Diablo Blanco]

scam or not, the fact BTC is now at $60K is beyond insanity, but kudos to those that bought in early and made some good cash on it.  Is it worth buying now?  Probably not.  The risk now is too high.  you can make better money in the stock market. Unless you're Elon Musk and have a billion to put in and maybe double it in a year or two but you can do that with a lot of stocks.  Just look at GME, a billion dollars into any stupid dead stock and some media hype can make you 10X your money overnight.

[OneMoreRep]

A few of my buddies at Bridgewater Associates are starting to talk about Cardano. To me, that's very substantial as their leader isn't a crypto bull or even a big fan. Either they see potential and will make a move into it or have heard from others (Renaissance, Millennium) about it.

I don't know enough about that crypto, but they mentioned that it will soon break through their ATH resistance and establish a really juicy support in the coming month(s).

I recently bought into Ethereum with a sizable position, but will look into Cardano/ADA, especially if there is talks of it booming. I want to find a crypto that I can buy and hold for the next 5-10 years, certainly don't want to day trade. That shit is nerve wrecking.

"1"

[Griffith]

scam or not, the fact BTC is now at $60K is beyond insanity, but kudos to those that bought in early and made some good cash on it.  Is it worth buying now?  Probably not.  The risk now is too high.  you can make better money in the stock market. Unless you're Elon Musk and have a billion to put in and maybe double it in a year or two but you can do that with a lot of stocks.  Just look at GME, a billion dollars into any stupid dead stock and some media hype can make you 10X your money overnight.

I think it's still early days, institutional investors are only starting to get in now.

Mainly BTC but also Ethereum.

[gib]

scam or not, the fact BTC is now at $60K is beyond insanity, but kudos to those that bought in early and made some good cash on it.  Is it worth buying now?  Probably not.  The risk now is too high.  you can make better money in the stock market. Unless you're Elon Musk and have a billion to put in and maybe double it in a year or two but you can do that with a lot of stocks.  Just look at GME, a billion dollars into any stupid dead stock and some media hype can make you 10X your money overnight.

Huh? Its beyond insanity to stay in cash, which we know for CERTAIN is declining in value every second.

The sane person would be putting their fake fiat currency into a perfectly finite asset, decentralized and accessible globally.

How can you say the risk is "too high"? The risk is actually now far lower than at any point in Bitcoin's history, considering the global adoption, market cap, regulatory legitimization, tenure of BTC, institutional support etc.

As for the stock market, the problem is that the stocks, and their earnings, are measured in... money. Money, which as we know is declining in value over time. If a stock goes up 15%, but money supply is increased 25%, the stock as nominally risen 15%, but actually FALLEN in real terms by 10%.

You don't need a billion. But if possible you should aim to become a WholeCoiner whilst its still possible. They will be the true monetary elite in a decade from now, and almost unattainable by NoCoiners. Although occasionally we will hear of a top athlete who signs a massive deal who becomes a WholeCoiner, of someone who become one via a trust fund, or a lottery win. It's going to become rare though, and truly set this class of person apart from the other 99.99% of the population.

Still within reach. Act now, HODL. Even if you can only become a 1/10th of a WholeCoiner. DO IT NOW!

[Griffith]

[Humble Narcissist]

Huh? Its beyond insanity to stay in cash, which we know for CERTAIN is declining in value every second.

The sane person would be putting their fake fiat currency into a perfectly finite asset, decentralized and accessible globally.

How can you say the risk is "too high"? The risk is actually now far lower than at any point in Bitcoin's history, considering the global adoption, market cap, regulatory legitimization, tenure of BTC, institutional support etc.

As for the stock market, the problem is that the stocks, and their earnings, are measured in... money. Money, which as we know is declining in value over time. If a stock goes up 15%, but money supply is increased 25%, the stock as nominally risen 15%, but actually FALLEN in real terms by 10%.

You don't need a billion. But if possible you should aim to become a WholeCoiner whilst its still possible. They will be the true monetary elite in a decade from now, and almost unattainable by NoCoiners. Although occasionally we will hear of a top athlete who signs a massive deal who becomes a WholeCoiner, of someone who become one via a trust fund, or a lottery win. It's going to become rare though, and truly set this class of person apart from the other 99.99% of the population.

Still within reach. Act now, HODL. Even if you can only become a 1/10th of a WholeCoiner. DO IT NOW!

You keep saying "fake fiat currency" but that currency buys stuff and has been around hundreds of years.  Your "money" is nothing but digits on a screen that no one knows who has control over.  Monopoly money is worth more unless you sell before it goes away or crashes in value.  Those who sell early make money in any pyramid scheme.

[Mayday]

You keep saying "fake fiat currency" but that currency buys stuff and has been around hundreds of years.  Your "money" is nothing but digits on a screen that no one knows who has control over.  Monopoly money is worth more unless you sell before it goes away or crashes in value.  Those who sell early make money in any pyramid scheme.

Agree mostly.

We need local currencies to buy shit. To function in everyday life. I think they are here for a long time, albeit massively devalued in the next 5yrs or so.

For BTC perhaps it’s best to think of it as the first ever ‘stable asset’. Instead of deciding which asset or assets to put your money into in order to keep up with monetary inflation, we now have one asset.

The eventual annualised growth of BTC will be the money supply (printing+debt). If it expands 10%, BTC will go up 10%. No more diversification into multiple assets using guesswork, put it in and keep even with every asset class’.

most importantly we will be able to save again!

[gib]

You keep saying "fake fiat currency" but that currency buys stuff and has been around hundreds of years.  Your "money" is nothing but digits on a screen that no one knows who has control over.  Monopoly money is worth more unless you sell before it goes away or crashes in value.  Those who sell early make money in any pyramid scheme.

Actually, the fake money (if it's the USD in its current form) has been around for 50 years. And whilst its used to buy stuff, it take more and more of it to buy the same stuff every day. Think of a bucket of water with a hole in it, leaking out slowly but surely. The US has ALWAYS lost value over time.

Your money is nothing put pieces of paper, totally unlimited in supply.

Bitcoin is pure mathematics, (and digital as opposed to pieces of paper). It is perfectly limited in supply and has ALWAYS gained value over time.

Those who give up the fake money and move into BTC first stand to make greater gains. So, what is the rational thing to do when presented with these facts?

[Mayday]

A few of my buddies at Bridgewater Associates are starting to talk about Cardano. To me, that's very substantial as their leader isn't a crypto bull or even a big fan. Either they see potential and will make a move into it or have heard from others (Renaissance, Millennium) about it.

I don't know enough about that crypto, but they mentioned that it will soon break through their ATH resistance and establish a really juicy support in the coming month(s).

I recently bought into Ethereum with a sizable position, but will look into Cardano/ADA, especially if there is talks of it booming. I want to find a crypto that I can buy and hold for the next 5-10 years, certainly don't want to day trade. That shit is nerve wrecking.

"1"

You know my thoughts on alt coins. The only long term option really is BTC at this stage.

I hold ADA but the whales were buying at 0.02 and each time it gets near the ATH they dump and make 70x their money. That’s the problem for all alts because they lost 95% of their value and when it comes time for the end of this bull market the whales will dump with the fury of 1,000 Spartans.

Sure, buy ADA but you need to dump it this bull market then wait for a 80%-90% drop and buy in again.

If you want to make crazy big money it will be in 2022 after this coming peak.

[Teutonic Knight]

Your money is nothing put pieces of paper, totally unlimited in supply.

Rubbish, you are pretending to be a banking "expert" , BUT you have no clue about currency made of polymer !.

+ minted gold/silver coins !.

Inform yourself "genius" 

[polychronopolous]

Latin America's first bitcoin ETF receives approval in Brazil


The first bitcoin exchange-traded fund (ETF) of Latin America has been approved in Brazil, the region's largest economy.

The bitcoin ETF was launched by QR Asset Management and is expected to be listed on Brazil's main stock exchange B3, according to a Friday announcement from QR Capital, the asset manager's holding company. The listing date has yet to be disclosed, but Reuters reported Friday that the listing will take place "by June."

The ETF, sporting the ticker symbol QBTC11, has been approved by CVM, the Securities and Exchange Commission of Brazil, said QR Capital.

QBTC11 is the fourth bitcoin ETF to receive approval in the Western Hemisphere after three Canadian bitcoin ETFs were launched in recent weeks — Purpose Bitcoin ETF, Evolve Bitcoin ETF, and CI Galaxy Bitcoin ETF.

QR Capital said the approval of QBTC11 could speed up the approval of a bitcoin ETF in the U.S. because CVM and the SEC are affiliated members of the International Organization of Securities Commissions.

Indeed, recent developments suggest that a bitcoin ETF may finally get the nod from regulators in the U.S. this year, as The Block reported last week.

There are currently four bitcoin ETF applications pending review by the SEC — each one from WisdomTree Investments, VanEck Associates Corp., NYDIG Asset Management, and Valkyrie Digital Assets.

[polychronopolous]

"revolutionary technology..."   

You are like the guy who comes home early from work and sees the milkman strapping it to your old lady with your very eyes and STILL refuse to believe that your wife is cheating on you.

The rise of Bitcoin is unfolding before us all and yet you still think it's all a bunch of tulip mania, internet fairy dust nonsense meanwhile big time institutional firms are pumping millions upon millions of dollars into it.

[Humble Narcissist]

You are like the guy who comes home early from work and sees the milkman strapping it to your old lady with your very eyes and STILL refuse to believe that your wife is cheating on you.

The rise of Bitcoin is unfolding before us all and yet you still think it's all a bunch of tulip mania, internet fairy dust nonsense meanwhile big time institutional firms are pumping millions upon millions of dollars into it.

With your belief in Bitcoin unicorn farts, you are much more like the milkman than me.