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

[obsidian]

Wonder what Doge will hit once Elon is on SNL this upcoming Saturday 

I've heard up to 68 cents or even $1. Expect the price to correct on Saturday as the hype is priced in. I would expect people to start selling on Friday evening early Saturday.

[obsidian]

Worth the risk IMO.

It's a pump a dump sh*tcoin but if I can make money on it I will.

Most of the people buying will probably know next to zero about crypto, just that it's a cute dog coin backed by Elon Musk.

It's not a meme coin anymore. The Dallas Mavericks are selling a ton of merchandise with it. Don't forget the market cap is now a lot bigger than Bank of America, Ford and a few others. There will be a ton of developers working on improving the security of it. Doge is here to stay imo and is one of the oldest cryptocurrencies.

Also Doge reminds of the word Dollar. Just shorter, like bucks.

"I'll give you 10 Doge for that bike."

"I'll give you 10 Bucks for that bike."

[Bindare_Dundat]

I've heard up to 68 cents or even $1. Expect the price to correct on Saturday as the hype is priced in. I would expect people to start selling on Friday evening early Saturday.

I just cant wrap my head around it. Doge is what people like Anabolic saw in Bitcoin. Absolute worthless garbage thats only initial value grew because a couple of guys thought it was clever enough to notice that we live in brain dead society that  swollows any shit that comes out a celebrities mouth and they pumped Doge, to their benefit. in myu eyes, it stains all crypto and makes it all one giant joke to some degree.

Its because of this that I start to really wonder if the same thing happened on masse with bitcoin and all the other crypto currencies. The only difference is the real case use for some of them but that they are still waaaaaayy overvalued because of all the internet hype.

On another note, heres something else that isnt completely clear to me,  why would BTC go down in any type of  bear market if inflation is the worry? Inflation is ongoing. So why would there be a big crash? Or is the big crash only in reference to the shitcoins? 

[Mayday]

Unless inflation keeps going up in the fiat world. Then the bull run could go on for as long as that is the case. How do you see them solving the fiat crisis? I don't see a way out. Fiat is doomed, the question is for how long. Central banks creating digital currencies will not work either if it follows the same model as fiat.

I follow the money supply as a general thing which is what led me into crypto as an escape post pandemic.

It can be an ongoing upward mountain providing incoming capital is enough to overcome the core influence of the halving. Has that happened yet? No and it overheats the minute it tries to get legs because it can’t cope with the inflow. It’s this exact thing which is why my targets never got hit, hell I’ve been calling to 74k for yonks without result, it blows up!

So the trend remains and we will have a parabolic top just like every time before.

After the downside and bottoming out, I think we will see excellent growth each year up until the next parabolic run.

[Mayday]

By overheating are you also meaning FOMO and the subsequent sell-off that will eventually lead to the sell off that kick starts the bear market?

By the way you were very very close with one of your price predictions in a conversation we had a while back via pm. Good call.

My price calls were shit due to this overheating trend which is what start my whole, something is wrong because nothing is behaving like it should questioning.

By overheating I’ll use this example:

You have a garden hose plugged into a fire hydrant. You open the valve and the amount of flow causes huge pressure and heats up the hose to the point you quickly turn the valve off.

We saw this at 42k, 54k, 64. Rapid explosive movements upwards that got shut down almost immediately for weeks! This is why my price calls never got legs, it can’t cope with the capital trying to get through a garden hose.


I’ll explain why we will have a parabolic event sooner rather than later.

After 3 months of not turning on our garden hose we decide fuck it, YOLO and keep the valve open. The water flows like a mofo, it heats up like crazy but we keep it open and the end result is the hose explodes..... no more hose, capital can’t get in and water drains away.


After this plays out we come back with a bigger hose and start again and this time we can allow more flow.

[Bindare_Dundat]

My price calls were shit due to this overheating trend which is what start my whole, something is wrong because nothing is behaving like it should questioning.

By overheating I’ll use this example:

You have a garden hose plugged into a fire hydrant. You open the valve and the amount of flow causes huge pressure and heats up the hose to the point you quickly turn the valve off.

We saw this at 42k, 54k, 64. Rapid explosive movements upwards that got shut down almost immediately for weeks! This is why my price calls never got legs, it can’t cope with the capital trying to get through a garden hose.


I’ll explain why we will have a parabolic event sooner rather than later.

After 3 months of not turning on our garden hose we decide fuck it, YOLO and keep the valve open. The water flows like a mofo, it heats up like crazy but we keep it open and the end result is the hose explodes..... no more hose, capital can’t get in and water drains away.


After this plays out we come back with a bigger hose and start again and this time we can allow more flow.

I meant the Ethereum price to BTC.  You said eth would be at 3000 dollars when btc was near 60k and I think it was close to 58k.

[Mayday]

I meant the Ethereum price to BTC.  You said eth would be at 3000 dollars when btc was near 60k and I think it was close to 58k.

Yeah but I’d throw that out because it doesn’t much matter anymore because I believe the timeline has changed.

[Griffith]

It's not a meme coin anymore. The Dallas Mavericks are selling a ton of merchandise with it. Don't forget the market cap is now a lot bigger than Bank of America, Ford and a few others. There will be a ton of developers working on improving the security of it. Doge is here to stay imo and is one of the oldest cryptocurrencies.

Also Doge reminds of the word Dollar. Just shorter, like bucks.

"I'll give you 10 Doge for that bike."

"I'll give you 10 Bucks for that bike."

It's just too much risk for me now at these prices.

Bitcoin, Ethereum or another coin with good fundamentals I can justify, with Doge it feels like 100% gambling.

[obsidian]

I just cant wrap my head around it. Doge is what people like Anabolic saw in Bitcoin. Absolute worthless garbage thats only initial value grew because a couple of guys thought it was clever enough to notice that we live in brain dead society that  swollows any shit that comes out a celebrities mouth and they pumped Doge, to their benefit. in myu eyes, it stains all crypto and makes it all one giant joke to some degree.

Its because of this that I start to really wonder if the same thing happened on masse with bitcoin and all the other crypto currencies. The only difference is the real case use for some of them but that they are still waaaaaayy overvalued because of all the internet hype.

On another note, heres something else that isnt completely clear to me,  why would BTC go down in any type of  bear market if inflation is the worry? Inflation is ongoing. So why would there be a big crash? Or is the big crash only in reference to the shitcoins?

Bitcoin did not crash. It is still at $54,000.

Look at the risk to reward situation right now for new money coming in. Are they going to dump $10,000 into Bitcoin that's already expensive and will see smaller gains? For Bitcoin to double in price it would have to add a whopping $54,000 to $108,000 with a market cap of over $2 trillion.

For Doge to double takes a lot less capital. The risk to reward is better with Doge. You are taking a risk but the reward could be huge. That's what grabs people. That's what Alex Becker is saying on his channel. He thinks Cardano will outperform Ethereum because of it's smaller market cap. Unless Charles Hoskinson shits the bed lol!

Bitcoin was once where Doge was. There was a time where it was worth only a dollar or less.

Ethereum will have the same problem Bitcoin faces as the value increases. It will increase by smaller percentages compared to a lower market cap asset. Of course it might be more resistant to massive price corrections also.

[obsidian]

It's just too much risk for me now at these prices.

Bitcoin, Ethereum or another coin with good fundamentals I can justify, with Doge it feels like 100% gambling.

The fundamentals are good with Doge. Go read the news headlines. Many people want it to succeed. That's a huge plus. Businesses are getting onboard.

The risk to reward with Doge is higher. More risk, but also more reward. People look at Bitcoin and see the price not moving as much. They want returns. Look at how much all these coins went up the past year. Bitcoin was outperformed by many. Doge completely wiped the floor with everything else.

https://finance.yahoo.com/news/newegg-now-accepting-dogecoin-payments-053200000.html

[Bindare_Dundat]

Bitcoin did not crash. It is still at $54,000.

Look at the risk to reward situation right now for new money coming in. Are they going to dump $10,000 into Bitcoin that's already expensive and will see smaller gains? For Bitcoin to double in price it would have to add a whopping $54,000 to $108,000 with a market cap of over $2 trillion.

For Doge to double takes a lot less capital. The risk to reward is better with Doge. You are taking a risk but the reward could be huge. That's what grabs people. That's what Alex Becker is saying on his channel. He thinks Cardano will outperform Ethereum because of it's smaller market cap. Unless Charles Hoskinson shits the bed lol!

Bitcoin was once where Doge was. There was a time where it was worth only a dollar or less.

Ethereum will have the same problem Bitcoin faces as the value increases. It will increase by smaller percentages compared to a lower market cap asset. Of course it might be more resistant to massive price corrections also.

I meant, why would it crash like it has in the past?

[obsidian]

I meant, why would it crash like it has in the past?

The inflation narrative only recently became a bigger concern for institutional investors. In 2017-2020 it was not as evident. And back then Bitcoin and cryptos were still an unknown entity. So the price went up a lot and early, savvy investors that had seen market corrections in years prior saw huge profits and sold and bought more at the bottom. Meanwhile newbies had just got in and the rug was pulled out from under them.

That being said there will be corrections moving forward. Will it crash 90% as happened in 2018-2019? I don't think so but I guess anything is possible. What happens if WW3 breaks out? Will crypto survive that? Or the stock market sees a big correction?

Nobody knows what's going to happen. it's a wild ride that's for sure.

[Flexacon]

The fundamentals are good with Doge. Go read the news headlines. Many people want it to succeed. That's a huge plus. Businesses are getting onboard.

The risk to reward with Doge is higher. More risk, but also more reward. People look at Bitcoin and see the price not moving as much. They want returns. Look at how much all these coins went up the past year. Bitcoin was outperformed by many. Doge completely wiped the floor with everything else.

https://finance.yahoo.com/news/newegg-now-accepting-dogecoin-payments-053200000.html

Do you really believe that? Most doge is held by a few whales. Unless they spread that out Doge won't go anywhere other than making a few whales very rich. Even musk issued an ultimate to them whales to release some of their doge otherwise he was done with it.

Also well done Newegg.  They have just got themselves some crazy publicity just for accepting doge.

[Bindare_Dundat]

Do you really believe that? Most doge is held by a few whales. Unless they spread that out Doge won't go anywhere other than making a few whales very rich. Even musk issued an ultimate to them whales to release some of their doge otherwise he was done with it.

Also well done Newegg.  They have just got themselves some crazy publicity just for accepting doge.

100% agree.

It really needs to be done away with. Its an embarrassment to crypto.and all the influencers are dry humping it to hell and back.

[Coffeed]

what's the best site to buy crypto for the least fees if you're a very small time investor? (not robinhood though)

[Flexacon]

Over $375 Million ETH Shorts Liquidated in a Day..

Fingers well and truly burnt for some people there. Ouch!

https://cryptopotato.com/over-375-million-shorts-liquidated-in-a-day-as-eth-price-tapped-3450/

[Griffith]

The fundamentals are good with Doge. Go read the news headlines. Many people want it to succeed. That's a huge plus. Businesses are getting onboard.

The risk to reward with Doge is higher. More risk, but also more reward. People look at Bitcoin and see the price not moving as much. They want returns. Look at how much all these coins went up the past year. Bitcoin was outperformed by many. Doge completely wiped the floor with everything else.

https://finance.yahoo.com/news/newegg-now-accepting-dogecoin-payments-053200000.html

Where do you think it will go from here?

[obsidian]

100% agree.

It really needs to be done away with. Its an embarrassment to crypto.and all the influencers are dry humping it to hell and back.

Well then this won't make you happy. Doge is now #3 lmao! I don't get the hate for Doge from some. You should be fucking embracing it. My profits at this price is over $100,000! I really wish I sold more ETH for this beauty!

[obsidian]

Where do you think it will go from here?

I have no idea but I think $1 will happen. A lot sooner than we thought. Now the question is how high can it go?

Elon Musk has suggested it would be ironic if Doge, the meme joke coin, became the world's currency. If that happens what kind of market cap would it need to have?

If I read the stats from this link correctly then the USD alone has a circulating supply of $20 trillion?

https://www.fiatmarketcap.com/#:~:text=Top%20Fiat%20Currencies%20by%20Market%20Capitalization%20%20,%201%2C499%2C349%2C000%2C000%2C000%20JPY%20%2028%20more%20rows%20

Now you have to factor in all the other world currencies. For shits and giggles let's just say Doge eventually has a market cap of $20 trillion. That would mean a little more than a 200x from now if my math is correct. That's a $200 Doge.

This is all just wild speculation.

Could Doge go as high as $2-3 this year? Who knows. I do plan on accumulating more if there is a good dip.

[obsidian]

https://ambcrypto.com/here-are-the-conditions-for-dogecoin-to-become-a-viable-currency/



Dogecoin’s year-to-date gains of 6580% have made a serious case for its inclusion across top portfolios. Although DOGE’s success has faced constant scrutiny, the meme coin remains unaffected by it. At the time of writing, DOGE was trading just below the $0.41 mark.

One of the coin’s faithful promoters, Mark Cuban of the Dallas Mavericks recently addressed DOGE’s potential transition to a viable currency in a series of tweets. He stated:

“Meme coins like Doge only work if they gain utility and users use them for that utility. As long as you can spend Doge, because we know it’s annual inflation rate is set at 5B coins, it can gain SOME value as the utility grows. It becomes like any other currency.” he said in one of his many tweets.

The Shark Tank star added:

“As long as more companies take doge for products/services, then Doge can be a usable currency because it MAY hold its purchasing value better than a $ in your bank. If interest rates skyrocket or the amount spent falls or stagnates, so will Doge. Yes, a joke is now legit”

Moving on to another Dogecoin promoter, the Tesla CEO had long resorted to tweeting about DOGE, with quite a few of his tweets triggering a DOGE rally incomparable to the ones noted by the rest of the market. Just look at his most recent tweet –

The Dogefather
SNL May 8

— Elon Musk (@elonmusk) April 28, 2021

Within a period of fewer than 4 hours, DOGE registered a 25% incline on the charts, surging from $0.26 to $0.32 at the given date.

On the contrary, many skeptics still proclaim DOGE to be nothing more than a meme and a bubble. According to them, Dogecoin’s bubble, hence, will pop. The question is – When?

[Bindare_Dundat]

Well then this won't make you happy. Doge is now #3 lmao! I don't get the hate for Doge from some. You should be fucking embracing it. My profits at this price is over $100,000! I really wish I sold more ETH for this beauty!

Congrats man.  but,
Yup, now I'm pretty sure  crypto is officially  a joke for trading Pokémon cards and crappy digital art masquerading as something world shattering and Doge is the equivalent of My Pet Rock being a top stock on the Nasdaq.

Sad that so many people have worked so hard on so.many things  and are being over shadowed by this. I think its an telling sign at how outnof touch  things have become and how desperate people are to find gold overnight.

[obsidian]

Congrats man.  but,
Yup, now I'm pretty sure  crypto is officially  a joke for trading Pokémon cards and crappy digital art masquerading as something world shattering and Doge is the equivalent of My Pet Rock being a top stock on the Nasdaq.

Sad that so many people have worked so hard on so.many things  and are being over shadowed by this. I think its an telling sign at how outnof touch  things have become and how desperate people are to find gold overnight.

The dollar is a joke. Doge is not a joke anymore. Even the Wall Street Journal says it's not a joke. It's market cap is close to $100 billion!

https://www.wsj.com/articles/what-is-dogecoin-how-to-say-it-and-why-its-guy-a-joke-thanks-elon-11612820776

What Is Dogecoin, How to Say It, and Why It’s No Longer a Joke
Cryptocurrency created for laughs is now worth more than Capital One and Humana after starting the year trading at less than 1 cent

Dogecoin has the internet abuzz. Elon Musk, Mark Cuban and even beef jerky brand Slim Jim have gotten in on it.

The cryptocurrency that started out as a parody less than a decade ago had surged more than 10,000% in 2021 as of May 4, more than double the gains on the S&P 500, including dividends, since 1988.

The cryptocurrency hit an all-time-high of 61 cents apiece on May 4, according to CoinDesk, before settling at almost 57 cents at 4 p.m. ET. That is up from less than 1 cent to start the year. The online brokerage eToro said May 3 that it had added dogecoin to its trading platform. The cryptocurrency exchange Gemini followed, announcing May 4 that deposits were open for dogecoin and that trading for the cryptocurrency would begin shortly.

So, what is dogecoin, how did we get here and why are people so excited about it? We’ve got answers to your questions.

First things first: How do you pronounce “dogecoin”?

According to the cryptocurrency’s co-founder, Billy Markus, the correct pronunciation is “dohj coin.” Some prefer to pronounce the first syllable like “dog” or “doggy.”

What is dogecoin?

Dogecoin is a cryptocurrency that started as a joke in 2013. It is a satirical homage to bitcoin, designed to serve no real purpose other than generating a few laughs.

It is named after an internet meme centered around the image of a Shiba Inu dog with bad spelling habits—thus “doge” instead of “dog.”
Why has dogecoin’s popularity exploded?

On Jan 28, Mr. Musk, the billionaire boss of electric-vehicle maker Tesla Inc., tweeted a faux “Dogue” magazine cover. It isn’t clear why or what caught his attention.

He has since continued to tweet about the cryptocurrency. Once, he shared a meme based on the movie “The Lion King,” with the Shiba Inu dog superimposed on Simba’s face. Another time, he wrote, “Who let the Doge out,” and “No highs, no lows, only Doge.” Perhaps in an effort to be helpful, he also tweeted what he described as an instructional video titled “D is for Dogecoin.”

Mr. Musk renewed his interest in the cryptocurrency in April, tweeting, “Doge Barking at the Moon.” And Mr. Musk recently acknowledged a tweet suggesting that he should do a skit on “The DOGEFATHER” during his May 8 appearance on “Saturday Night Live.”

His cryptic comments have prompted the cryptocurrency’s popularity to skyrocket, with musicians including rappers Snoop Dogg and Soulja Boy as well as Kiss frontman Gene Simmons, sharing memes and tweets with their followers.

A mainstream consumer brand, Conagra Brands Inc.’s jerky snack Slim Jim, jumped on the dogecoin bandwagon, calling for it on April 13 to “go to the moon.” Other brands have also turned attention to dogecoin, with Mars Inc.’s Snickers brand tweeting “Maybe we should just #DogecoinToTheMoon” on May 3.

As of May 4, dogecoin became one of the top four cryptocurrencies by market value, according to Coinmarketcap.com. That puts it behind bitcoin, ether and binance coin. Dogecoin’s market value of roughly $73 billion exceeded that of Capital One Financial Corp. and the health-insurance company Humana Inc., which closed May 4 with market capitalizations of about $69.4 billion and $59.7 billion, respectively.

Fans of dogecoin online are rooting for it to reach $1.

[Zillotch]

Yup, now I'm pretty sure  crypto is officially  a joke

Sad that so many people have worked so hard on so.many things  and are being over shadowed by this.

participation in crypto now, accelerates the infrastructure of diem... they got the plebs to do the grunt work.

your end, will b brought to u by the sweat off ur own brow... lol

busy worker bees.

[polychronopolous]

Adoption


Bitcoin is coming to hundreds of U.S. banks this year, says crypto custody firm NYDIG

For the first time, customers of some U.S. banks will soon be able to buy, hold and sell bitcoin through their existing accounts, according to crypto custody firm NYDIG.
   
Banks are asking for bitcoin because they can see their customers sending dollars to Coinbase and other crypto exchanges, according to Yan Zhao, president of NYDIG.
 
After rolling out the initial bitcoin product, NYDIG plans on other services, including debit card rewards paid in bitcoin, and a new type of bank account that is FDIC insured, but pays interest in bitcoin, he said.

Bitcoin may be taking another step towards mainstream adoption, CNBC has learned.

For the first time, customers of some U.S. banks will soon be able to buy, hold and sell bitcoin through their existing accounts, according to crypto custody firm NYDIG.

The company, a subsidiary of $10 billion New York-based asset manager Stone Ridge, has partnered with fintech giant Fidelity National Information Services (FIS) to enable U.S. banks to offer bitcoin in the coming months, according to the two firms.

Hundreds of banks are already enrolled in the program, according to Patrick Sells, head of bank solutions at NYDIG. While the firm is in discussions with some of the biggest U.S. banks, many of the lenders that have agreed to participate are smaller institutions like Suncrest, a California-based community bank with seven branches.

“What we’re doing is making it simple for everyday Americans and corporations to be able to buy bitcoin through their existing bank relationships,” Sells said. “If I’m using my mobile application to do all of my banking, now I have the ability to buy, sell and hold bitcoin.”

https://www.cnbc.com/2021/05/05/bitcoin-is-coming-to-hundreds-of-us-banks-says-crypto-firm-nydig-.html

[Mayday]

Zillo, Diem is a weighted basket of currencies to form a global stable currency (like the USD today) to allow global trade on a stable platform.

If is expansionary because it is built on the expansionary monetary system.

It is not competing with BTC which is a finite system and is used as a hedge to the money supply expansion.

You are making the same misunderstanding as people who believe the central bank digital currencies will be competing with BTC.