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

[FitnessFrenzy]

[obsidian]

Why do you keep comparing eth to hex when they are nothing alike?Hex is a btc rival, not eth You seem very confused.Compare it to Pulse when it releases.

I am not comparing Ethereum to HEX. I am asking what's so great about HEX? It is nothing like Bitcoin or Ethereum. Without Ethereum HEX does not exist. It is not a Layer 1 blockchain like Bitcoin and Ethereum. HEX also has a much bigger supply than Bitcoin and Ethereum.

Why are you comparing HEX to Bitcoin?!

[obsidian]

HEX down almost 50% in the past 30 days...

[obsidian]

Did Bitcoin holders receive 10,000 HEX for free when it was released?

What is HEX
HEX (HEX) is designed as a store of value for a Certificate of Deposit on the blockchain as used in traditional financial markets. HEX is also designed to leverage off the emerging DeFi. HEX is designed and launched by Richard Heart on 2 December 2019.

The goal of HEX
HEX is an ERC20 token launched on the Ethereum network. HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. HEX is also designed to leverage off the emerging DeFi (Decentralised Finance) ecosystem in cryptocurrencies within the Ethereum network.

The technology of HEX
HEX uses the Ethereum network for the transaction layer (sending and receiving HEX tokens, as well as interacting with the HEX smart contract), whilst the consensus code and staking mechanism is contained in the HEX smart contract.

Staking HEX
HEX allows a user to stake his or her HEX coins for a share of the new HEX coin issuance, or inflation and contains features designed to incentivize behaviors that encourage price appreciation and disincentivize behaviors that encourage harm to the price. The HEX smart contract penalizes stakers for ending their stake early and rewards them for staking larger amounts of HEX for longer periods. HEX is distributed to Bitcoin holders by way of a snapshot of the Bitcoin UTXO set that occurred on 2 December 2019 at block height 606227. The distribution of HEX to Bitcoin holders is 10,000 HEX per 1 BTC. Bitcoin holders are able to claim HEX only during the first year of launch. During this period, HEX is also obtained in exchange for ETH through interacting with the HEX smart contract. At the end of the first year of launch, all HEX coins that were not claimed by Bitcoin holders are distributed to the rest of the HEX users who have stakes that are active. The maximum possible annual inflation of HEX is designed to be 3.69% after the first year of launch.

[obsidian]

[jude2]

I sold my one BTC at 58k, too early

[gib]

Just for kicks, let's go ahead and revisit my proposal every 6 months to see how you would have fared. The price upon that day for Marathon was about $42 a share. Today it stands at $52 and skyrocketing.

They OWN the bitcoin. They have the ability to PRODUCE more bitcoin than anyone else. They are the giant in the industry so they can negotiate the best energy prices.

Digital SCARCITY.

Think of the power of those 2 words. EVERYTHING else is a joke in comparison.

You will see these narratives on alt coins change a million times over as the peanut gallery on here will continue to run around like chickens with their heads cut off spouting the same buzz words they heard 15 minutes ago on some rickety old YouTube channel.

Last week it was Litecoin and Tron.

Yesterday it was Polkadot and Chainlink.

Today it's HEX and Pulse.

OneMoreRep, you are still quite spry and have much more life ahead of you!

With your jiujitsu challenges that you partake of and your affinity for the barbell and other cardiovascular pursuits, I predict many more years of a very fruitful and abundant life!

Look down upon all this madness and ask yourself "What's going to be around 20 or 30 years from now as I gracefully approach my golden years?"

Well, I think I have given you the answer to that on a silver platter 

Fastball right down the middle.

Fully agree.

[gib]

I sold my one BTC at 58k, too early

Way too early. Remember what Mr Anabolic told us - "first 100,000 then to a million" Do not forget those words of wisdom.

[gib]

GreyScale announcement just out:

https://www.globenewswire.com/en/news-release/2021/10/19/2316640/0/en/NYSE-Arca-Files-Form-19b-4-to-Convert-Grayscale-Bitcoin-Trust-into-an-ETF.html

[OneMoreRep]

Just for kicks, let's go ahead and revisit my proposal every 6 months to see how you would have fared. The price upon that day for Marathon was about $42 a share. Today it stands at $52 and skyrocketing.

They OWN the bitcoin. They have the ability to PRODUCE more bitcoin than anyone else. They are the giant in the industry so they can negotiate the best energy prices.

Digital SCARCITY.

Think of the power of those 2 words. EVERYTHING else is a joke in comparison.

You will see these narratives on alt coins change a million times over as the peanut gallery on here will continue to run around like chickens with their heads cut off spouting the same buzz words they heard 15 minutes ago on some rickety old YouTube channel.

Last week it was Litecoin and Tron.

Yesterday it was Polkadot and Chainlink.

Today it's HEX and Pulse.

OneMoreRep, you are still quite spry and have much more life ahead of you!

With your jiujitsu challenges that you partake of and your affinity for the barbell and other cardiovascular pursuits, I predict many more years of a very fruitful and abundant life!

Look down upon all this madness and ask yourself "What's going to be around 20 or 30 years from now as I gracefully approach my golden years?"

Well, I think I have given you the answer to that on a silver platter 

Fastball right down the middle.

Not a bad idea at all.

The issue I have is the price point for entry. MARA is pricey at this point. HUT looks attractive, so I might consider it, but I just have to get over my dislike of Trudeau.

I've invested a decent amount of money ($75K+) into the crypto ecosystem, what I have mainly done is use my self-directed IRA to invest that chunk of money into the ecosystem as to not incur any taxes in the meantime if I were to sell short-term. Separate from the $75K held hostage by the IRA, I do play around with another $20-$30K in crypto, but do no day-trading, simply HOD'L top 20 crypto projects.

What I am now looking for are smaller cryptos at could possibly serve Bitcoin as sidechain scaling solution. Just as $MATIC make transactions on the Ethereum blockchain faster and cheaper, I'd like to gather more alts that can bring functionality to the $BTCs of the world, as those coins are likely to do very well and have a decent (low) price.

"1"

[Griffith]

BTC ETF approved. ETH will probably follow soon.

Looking very good for a parabolic run till the end of the year, early 2022.

[gib]

BTC ETF approved. ETH will probably follow soon.

Looking very good for a parabolic run till the end of the year, early 2022.

I would not be so sure about that. The SEC is still seriously considering whether ETH should be placed in the category of illegal and unregulated securities. They have already made this stance very clear (as outlined in the so-called "Howey test") with regard to most alts. Time will tell on ETH, but the history of ETH and the role of Vitalik will play a big part here. Still, ETH doesn't necessarily need an ETH to thrive, although it certainly would help.

In my view the next "big step" will be a spot BTC ETF, of the kind GreyScale is currently applying for.

[Mayday]

To keep it simple, this is the ETF information we are looking for.

Proshares ETF 18th Oct --> approved
Invesco ETF 19th Oct --> no longer pursuing the ETF approval
VanEck ETF 25th Oct --> not likely
Valkyrie ETF 25th Oct --> likely
Galaxy ETF 1st Nov --> not likely

I had the previous ATH close of 63,588 and the last daily close i have as 64,303 so it's a new ATH yet i'm seeing mixed things online between whether or not we have closed at an ATH. If it's not decisive then i gather the answer is we haven't and we are using some particular exchange as the marker.

[gib]

To keep it simple, this is the ETF information we are looking for.

Proshares ETF 18th Oct --> approved
Invesco ETF 19th Oct --> no longer pursuing the ETF approval
VanEck ETF 25th Oct --> not likely
Valkyrie ETF 25th Oct --> likely
Galaxy ETF 1st Nov --> not likely

I had the previous ATH close of 63,588 and the last daily close i have as 64,303 so it's a new ATH yet i'm seeing mixed things online between whether or not we have closed at an ATH. If it's not decisive then i gather the answer is we haven't and we are using some particular exchange as the marker.

Measured in some currencies which have declined over time (to the USD and BTC), a new ATH has already been hit. In USD, we are damn close ...

[Griffith]

https://coinmarketcap.com/headlines/news/why-grayscales-ceo-believes-the-sec-will-greenlight-an-ethereum-etf/

Why Grayscale’s CEO Believes The SEC Will Greenlight An Ethereum ETF

Grayscale CEO Michael Sonnenshein has said the SEC will now be more inclined to approve an Ethereum ETF. The United States saw the first approved Bitcoin ETF last week. It marked the end of an eight-year-long since the first bitcoin ETF was filed. ProShares saw the approval of its Bitcoin Futures ETF on Monday, October 18th, and is set to trade on the NYSE today.

This was no doubt a historic moment for the crypto market. The battle for the first approved crypto ETF has been a drawn-out one and now investors can trade on bitcoin ETFs directly from their investment accounts like a ROTH.

However, the approval of the first bitcoin ETF has led to discussions about when the market will see approval for an Ethereum ETF. Speculations are that the market would see the first ETH ETF soon and Grayscale CEO agrees.

SEC Approving An Ethereum ETF

Sonnenshein was on CNBC’s Squawk Box on Monday to talk about the approval of the first Bitcoin ETF. The CEO sees this as a step in the right direction for the crypto market after the SEC gave the green light for the ETF. He remarked that this showed that the Securities and Exchange Commission was getting more relaxed around the idea of cryptocurrencies.

Sonnenshein added that since the regulator had approved the bitcoin ETF, it is only a matter of time before an Ethereum ETF was approved by it. Ethereum is the second-largest cryptocurrency in the market and has seen interest in it match, and sometimes surpass, that of the top cryptocurrency Bitcoin.

Multiple firms have filed Ethereum ETFs alongside their Bitcoin ETFs. Although both VanEck and ProShares had been asked by the SEC to withdraw their Ethereum ETFs when it was considering the Bitcoin ETFs for approval. This does not mean that the ETH ETFs have no merit. At this point, the Bitcoin ETFs have taken precedence due to their long history of filings to the regulator.

Grayscale Sets Sights On Bitcoin Spot ETF

NewsBTC reported over the weekend that Grayscale was planning to file a Bitcoin Spot ETF application. The investment firm has decided to go in another direction to current Futures ETF by converting its Futures ETF filings to a Spot ETF filing. Grayscale did this in response to growing competition after ProShares saw its Bitcoin Futures ETF approved for trading on the NYSE.

In a bid to realize higher trading volume than the Futures ETFs, the Grayscale Spot ETF has been argued to be a more superior filing to the Futures ETF. Investors are likely to lose out on gains due to growing contango when the futures contracts expire at a higher price than the spot price.

Grayscale is still waiting on the go-ahead from the SEC before it can file the application to convert its Bitcoin Trust into a Bitcoin Spot ETF.

[loco]

 

[Griffith]

Crypto is about to go parabolic.

BTC 100k end of year and ETH 15K 

[FitnessFrenzy]

ETH $ 4,041.58

[Humble Narcissist]

Crypto is about to go parabolic.

BTC 100k end of year and ETH 15K 

Just 1 step away from anabolic.

[SOMEPARTS]

https://www.reuters.com/article/walmart-cryptocurrency/walmart-allowing-some-shoppers-to-buy-bitcoin-at-coinstar-kiosks-idUSL4N2RH4BL

Have to admit this is bullish if it pans out.

This is the same company that charges poor people 20% premium to put their metal change in these machines.

Wal Mart is the perfect place for a Bitcoin kiosk though. Slaves meet slave money.

[SOMEPARTS]

A very good read.


“My sort of theory on Satoshi’s identity was that Satoshi was on that beach in Anguilla,” the technology billionaire and self-described libertarian said Wednesday, recounting an early meeting with the founders of E-Gold Ltd., a now defunct digital currency that was indicted by the U.S. Justice Department in 2007. “I met them on the beach in Anguilla in February of 2000. We were beginning the revolution against the central banks on the beach in Anguilla. We were going to make PayPal interoperable with E-Gold and blow up all the central banks.”

Things didn’t go well, Thiel said, recounting allegations of fraud, libel and a legal settlement with E-Gold. He said he thought that Satoshi may have been one of around 200 people at that initial meeting and probably learned from E-Gold’s failures."


https://www.bloomberg.com/news/articles/2021-10-21/peter-thiel-tells-miami-crowd-where-he-d-look-for-satoshi?sref=ZMFHsM5Z

[Mayday]

https://www.reuters.com/article/walmart-cryptocurrency/walmart-allowing-some-shoppers-to-buy-bitcoin-at-coinstar-kiosks-idUSL4N2RH4BL

Have to admit this is bullish if it pans out.

This is the same company that charges poor people 20% premium to put their metal change in these machines.

Wal Mart is the perfect place for a Bitcoin kiosk though. Slaves meet slave money.

Not gunna happen anytime soon because it’s a taxation minefield.

Wallets don’t work out your tax nor can they. Stores can’t work out your tax, nor can they.

This is what regulation is for otherwise people would be buying things with gold, shares, food contracts etc.

Tesla accepted Bitcoin and sold something like 3 cars. Everybody yelled ‘bullish’ and a mere 3 cars were sold lol. Why? Because of taxation.

Bitcoin will do it’s thing because seasonality says it will. Bullish News and FUD exist as shields for the market makers who determine where they want price to go.


I’m surprised nobody has commented about the flash crash to sub 10k on Binance. Big players can’t take it out in a second if they want to. We are on someone else’s boat merely as a passenger.

[gib]

I’m surprised nobody has commented about the flash crash to sub 10k on Binance. Big players can’t take it out in a second if they want to. We are on someone else’s boat merely as a passenger.

Someone fxxxed up big time, They had intended to input a standing sell order for $82,000, which would remain open until hit.

Instead, they left of a zero, inputting $8,200, which was of course immediately snapped up, leading to what appeared a blip for a few seconds down to what seemed to be the 10K level. Someone got a nice buy, and someone is either crying or fired! lol

[Slapper]

Someone fxxxed up big time, They had intended to input a standing sell order for $82,000, which would remain open until hit.

Instead, they left of a zero, inputting $8,200, which was of course immediately snapped up, leading to what appeared a blip for a few seconds down to what seemed to be the 10K level. Someone got a nice buy, and someone is either crying or fired! lol

At least the CME futures gap is now effectively filled.

From a TA perspective, I don't think there're any gaps left to fill below 60k.

[Slapper]

I don't know why people get excited when they hear Greyscale and crypto. The only thing they've done is milk people left and right with their 2% management fee, and the only reason why they did not apply for an ETF (even though Seibert and Sonnensheim have been saying for 3 years that they were going to apply) is because they are making a mountain of money. They do not care their products are selling at a discount during a bull market. I mean GBTC was selling at a -22% discount like 2 weeks ago, and ETHE was selling at almost a -10% discount like 5 days ago. Not only that, they allowed the disparity to be arbitraged left and right, which is the reason the discount kept getting larger and larger: People buying BTC and shorting GBTC.

Want to talk about a SCAM? Grayscale is the best of them.

Until they become BUYERS of crypto again, crypto will not increase in value.