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

[obsidian]

Not as much as you think.

Roughly 3.1M wallets holding Dogecoin.

About 639 wallets hold 79% of supply.

About 41,000 wallets hold 95% of supply.

Therefore about 3.06M wallets are buying the crumbs and sending up the price.

Elon has 51.7M followers on Twitter who gag for dog tweets.

The 95% drip feed the coins to the inbound 5% at a rate slower than purchases which creates net inflow of capital. Each purchase therefore raises the price of the next purchase. To go from 50B to 100B when almost every buyer HODLs might only take 0.1B net inflow.

This is what causes parabolic runs but as seen with GME, if HODLers remain HODLing the price doesn’t crash into oblivion.


This gives you insight into why people still claiming diminishing returns for BTC this run have been wrong so far and will continue to be wrong.

You also said it does not take that much to move Bitcoin or other cryptos. I'd have to find your post. How much cash influx would be required to push Doge to a $100 billion + market cap?

[obsidian]

You have pretty damn strong hands that’s for sure!

Dogecoin at $1 gets it to 3rd spot. Well deserved lol.

Such interesting times when people actually face a tough decision on investing in the future of the financial system or a coin with a picture of a dog that when a billionaire tweets ‘woof’ it goes up 50% LOL.

Well it has gone up to the 4th spot before. So i would say getting to the third spot could be possible. If people were told 10 years ago Bitcoin would one day be worth $50k + they would think that's impossible and nuts.

[obsidian]

You can resolve that by letting inflation run rampant which increases revenue on valuation calculations.

Just pump trillions into the bottom of the market and the inflation feeds upwards and validations the share prices. They just don’t want to give the plebs money because they are worried we will pay down debt which fucks everything up. Hence digital central bank currencies fix all of that because you program it for food, fuel, clothes purchases only.

Once all the cash gets into the hands of the public then it is hello hyperinflation city! The trick to money printing is letting it trickle out but never freely flow into the hands of the masses.

[Flexacon]

Well it has gone up to the 4th spot before. So i would say getting to the third spot could be possible. If people were told 10 years ago Bitcoin would one day be worth $50k + they would think that's impossible and nuts.

Never underestimate the collective stupidity of the masses

[El Diablo Blanco]

All of these digital currencies are a joke.  Some developer made up a fake coin and all of a sudden it has monetary value. Talk about making something from nothing, literally.

[obsidian]

I hope doge crashes and burns hard and recks a bunch of tictoc assholes  that bought near thr top. Wpuld be awesome if we never hear of doge again, except for how stupid it was to own any.

My technical analysis of DOGE on the charts. Right now its in  a brown log formation. Hopefully stays that way.

Why the hate for Doge? It has a lot of things going for it. What's the difference between Bitcoin and Dogecoin? One starts with a B and the other a D. Bitcoin has a smaller finite supply. Dogecoin has a bigger supply with a current inflation of 5 billion doge per year. But it could be capped if decided. In fact it initially had a cap of 100 billion. Which by the way is far less than the amount of US dollars in circulation.

https://marketrealist.com/p/will-dogecoin-ever-be-capped/

From an inflationary point Doge is far more sound than the dollar. The fact that it is going up is just because the interest rate is basically zero which means you can't earn any interest on dollars held in savings accounts. And governments are inflating the supply of fiat each year by a big amount.

Doge Day 4/20 ended up being a bust. The Doge Day price was already built in. This is the "sell the rumor" effect. Remember the same thing happened with Cardano. Everyone were saying it was going to the moon after the Mary hardfork and I told you it was going to drop in price right after the hardfork as people take profits. And that's what happened exaaactly as predicted! lol! I should have known better that Doge was going to correct as people take profits after the rumor ramp up. This happens with stocks as well. So when somebody says the price is building up because of a certain date expect  a selloff a few hours or a day before the actual date.

[obsidian]

All of these digital currencies are a joke.  Some developer made up a fake coin and all of a sudden it has monetary value. Talk about making something from nothing, literally.

The brilliance is the blockchain. If it is so easy to make a sound digital currency that's secure, does not allow double spending and can have transactions confirmed in a decentralized manner then go ahead create one. There's a very small percentage of the human population that can do this.

If you transfer money from your checking account to someone else's who banks with a different institution how long does it take for the funds to be available? Ever had someone fraudulently charge your debit card? With traditional banking everything is centralized. They confirm your transaction with their own servers. Electricity is still burned to confirm and store the transactions. How far back can you go to confirm your transactions? 6 months?

There's value to cryptocurrencies that few people realize. By the time they understand the impact fully investment opportunities will have passed.

[obsidian]

https://news.yahoo.com/anonymous-donor-uses-dogecoin-earnings-235140038.html

Anonymous Donor Uses Dogecoin Earnings to Pay Adoption Fees at Daytona Shelter

A donor anonymously paid the adoption fees for all dogs at a Daytona Beach, Florida, shelter on Saturday.

The donor, dubbed Doge Community, won big using cryptocurrency Dogecoin and put some of those funds toward the adoption fees of dogs that were currently ready to be adopted from Halifax Humane Society.

"A generous donor, Doge Community has paid the adoption fees of all dogs in the adoption kennel at the time that were still available," the shelter shared on Sunday along with photos of some of the animals. "Special thanks to Doge Community for their kindness and generosity."

[Bindare_Dundat]

Why the hate for Doge? It has a lot of things going for it. What's the difference between Bitcoin and Dogecoin? One starts with a B and the other a D. Bitcoin has a smaller finite supply. Dogecoin has a bigger supply with a current inflation of 5 billion doge per year. But it could be capped if decided. In fact it initially had a cap of 100 billion. Which by the way is far less than the amount of US dollars in circulation.

https://marketrealist.com/p/will-dogecoin-ever-be-capped/

From an inflationary point Doge is far more sound than the dollar. The fact that it is going up is just because the interest rate is basically zero which means you can't earn any interest on dollars held in savings accounts. And governments are inflating the supply of fiat each year by a big amount.

Doge Day 4/20 ended up being a bust. The Doge Day price was already built in. This is the "sell the rumor" effect. Remember the same thing happened with Cardano. Everyone were saying it was going to the moon after the Mary hardfork and I told you it was going to drop in price right after the hardfork as people take profits. And that's what happened exaaactly as predicted! lol! I should have known better that Doge was going to correct as people take profits after the rumor ramp up. This happens with stocks as well. So when somebody says the price is building up because of a certain date expect  a selloff a few hours or a day before the actual date.

Cardano is  a long term investment and the team has done a TON of ground work. Wait and see. Its not anything like dogecoin, its not some pump and dump, meme  turd.

Cardano will pay off bigtime in the future. No worries there at all.


I font like doge.cause its making mockery of great projects that invest alot of time and effort and money to actually  get things accomplished.  I hate social media stunts like this. Its brings out the worst get rich fast wanna bes around. Its a shit environment that has the ability to fuck everything else up.

[Bindare_Dundat]

https://news.yahoo.com/anonymous-donor-uses-dogecoin-earnings-235140038.html

Anonymous Donor Uses Dogecoin Earnings to Pay Adoption Fees at Daytona Shelter

A donor anonymously paid the adoption fees for all dogs at a Daytona Beach, Florida, shelter on Saturday.

The donor, dubbed Doge Community, won big using cryptocurrency Dogecoin and put some of those funds toward the adoption fees of dogs that were currently ready to be adopted from Halifax Humane Society.

"A generous donor, Doge Community has paid the adoption fees of all dogs in the adoption kennel at the time that were still available," the shelter shared on Sunday along with photos of some of the animals. "Special thanks to Doge Community for their kindness and generosity."

That was cool.of whoever did that. Sweet.

[obsidian]

Cardano is  a long term investment and the team has done a TON of ground work. Wait and see. Its not anything like dogecoin, its not some pump and dump, meme  turd.

Cardano will pay off bigtime in the future. No worries there at all.


I font like doge.cause its making mockery of great projects that invest alot of time and effort and money to actually  get things accomplished.  I hate social media stunts like this. Its brings out the worst get rich fast wanna bes around. Its a shit environment that has the ability to fuck everything else up.

Cardano dumped from a high of around $1.20 in 2018 down to 2.5 cents in 2020. Compare that with Doge. Looking at the 5 year chart Cadano experienced more of a pump and dump than Doge. Doge's chart is quite unusual compared to other cryptos.

I've had Cardano since 2018. And saw it crash to the bottom. I still have Cardano. But I know it can pump and dump like all cryptos and stocks. Even Amazon, Tesla and Apple stocks experienced pump and dump at one point in their life cycles.

[Bindare_Dundat]

Cardano dumped from a high of around $1.20 in 2018 down to 2.5 cents in 2020. Compare that with Doge. Looking at the 5 year chart Cadano experienced more of a pump and dump than Doge. Doge's chart is quite unusual compared to other cryptos.

I've had Cardano since 2018. And saw it crash to the bottom. I still have Cardano. But I know it can pump and dump like all cryptos and stocks. Even Amazon, Tesla and Apple stocks experienced pump and dump at one point in their life cycles.

Guess i didn't convey my point well. Its all good. Go ahead load up on doge bro.

[obsidian]

Guess i didn't convey my point well. Its all good. Go ahead load up on doge bro.

The charts don't lie. Claiming Cardano is not a pump and dump is incorrect. Don't you remember how it dumped from 2018 to 2020?

[gib]

Guys, take a step back for a moment.

All this talk about DOGE, Cardano, etc bla bla bla.

Picture yourself 10 years from now ... Realistically, what that is available now, will be around then and of any real significance?

Government Digital Coins? (Yes, of course, but tracking you and with infinite supply controlled by a centralized source).

All the various 10000+ "alts" around now? Almost none (and don't kind yourself that you can pick "the one").

Bitcoin - definitely, and hence this should be your largest HODL investment. And quite possibly gold, both for nostalgic reasons as well as being truly "off grid".

There will be all sorts of pumps and dumps and excitement and concerns etc along the way, but sometimes the best path is the most obvious one...

[Coffeed]

So why is bitcoin the best?

[jude2]

FOMO back in?

Yes back in yesterday at .413 hoping for the dollar today.

[jude2]

always ladder in  and out of crypto and always leave some in for long term unless you think its going to zero.

Lesson learned for sure.

[Bindare_Dundat]

Yes back in yesterday at .413 hoping for the dollar today.

Shitty

[Bindare_Dundat]

Guys, take a step back for a moment.

All this talk about DOGE, Cardano, etc bla bla bla.

Picture yourself 10 years from now ... Realistically, what that is available now, will be around then and of any real significance?

Government Digital Coins? (Yes, of course, but tracking you and with infinite supply controlled by a centralized source).

All the various 10000+ "alts" around now? Almost none (and don't kind yourself that you can pick "the one").

Bitcoin - definitely, and hence this should be your largest HODL investment. And quite possibly gold, both for nostalgic reasons as well as being truly "off grid".

There will be all sorts of pumps and dumps and excitement and concerns etc along the way, but sometimes the best path is the most obvious one...

Not everyone bought btc at the quantity and price you paid for it. The rest of us have better opportunities at maximizing our initial investment funds in other projects. If you think BTC is going to be the only thing around in 5 years, youre seriously mistaken.

Its not about finding "the one" like you keep bringing up, its finding several projects that will be of value in the coming years. Going through your posts , I get the impression yoire the only person suggesting there will be one crypto entity around.

Ethereum, Cardano, Chainlink, Uni, Polkadot, etc, they will be here for quite some time because they have good teams around them and they have utility. 


I was attempting to show the difference between those projects that have some utility as opposed to those that just have a group of people online  trying to drive the price up for no reason other than to make some quick bucks overnight.

[Bindare_Dundat]

BTC dominance still falling. Money going into alts. Still many good buys guys. Take advantage of the current situation.

[gib]

So why is bitcoin the best?

Many reasons, including network gravitational effect, as well as longest legacy, most secure network, largest accumulation of monetary energy, best known "brand", broadest institutional adoption and infrastructure, by far the most dedicated computational power, the most decentralized, among many other reasons.

Its like asking why is Coca Cola the best compared to all of the "alt" Colas...

[Mayday]

You also said it does not take that much to move Bitcoin or other cryptos. I'd have to find your post. How much cash influx would be required to push Doge to a $100 billion + market cap?

Yep because the HODL percentage dries up supply causing parabolic runs. In small markets very little is required because you have less players therefore like Dogecoin the HODL ratio is going to be high and have a huge impact on price.

When 98% HODL you probably see a 1,000x or more effect. Meaning 50M net change equals a 50B kit cap increase. This is why it flies up so quick and flies down so quick. If you are in you need to know how to exit.

This is why Elon is a prick because he is making his buddies rich and burning good, honest people. He pumps so his 98% buddies can exit  

[Bindare_Dundat]

Many reasons, including network gravitational effect, as well as longest legacy, most secure network, largest accumulation of monetary energy, best known "brand", broadest institutional adoption and infrastructure, by far the most dedicated computational power, the most decentralized, among many other reasons.

Its like asking why is Coca Cola the best compared to all of the "alt" Colas...

But if you invested in the "alt" pepsi, you failed? lol ok.

[obsidian]

Many reasons, including network gravitational effect, as well as longest legacy, most secure network, largest accumulation of monetary energy, best known "brand", broadest institutional adoption and infrastructure, by far the most dedicated computational power, the most decentralized, among many other reasons.

Its like asking why is Coca Cola the best compared to all of the "alt" Colas...

I will get back into BTC for sure because it does better in bear markets. I think Ethereum will also do better compared to 2018 and not crash as hard. Cardano and Polkadot perhaps also because of all the staking that will prevent panic selling.

Alex cracks me up. Hilarious video below. No he does not think the bull run is over but he does provide some much needed reality checks. I also like how he refers to the crypto holders from 2017-2018 that remembered hodling all the way to the bottom with their diamond hands - "No they are not going to tell you when it’s all over and they are not going to go back to being middle class" LMAO! I'm one of them. Could have had a much bigger bag if I sold when Euphoria set in. My plan is to trade / sell perhaps 30% of my crypto holdings sometime this year to try and grow my portfolio. The remainder I will just stake as a long term investment strategy (like Saylor) and will not be too concerned with market corrections.

[obsidian]

Many reasons, including network gravitational effect, as well as longest legacy, most secure network, largest accumulation of monetary energy, best known "brand", broadest institutional adoption and infrastructure, by far the most dedicated computational power, the most decentralized, among many other reasons.

Its like asking why is Coca Cola the best compared to all of the "alt" Colas...

Coca Cola s pushing an anti-white narrative. Hopefully they will not be best for much longer. I will personally never purchase a Coca Cola product again,.