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

[OneMoreRep]

I’ve been holding 50k Xrp for years now. For the reasons you mentioned. I’ve believed in it form the start and it has so much potential and connections.

The way I see it, you're either going to walk away with not much money made OR you will walk away a millionaire from the amount of $XRP you hold.

There are rumors of it getting to $10, $30, $100, $589 and even > $1000 per $XRP. Market cap would argue against most of those higher numbers, but if it does in fact move the amount of volume between nations that people are speculating it might, then YOU WILL be very well off.

"1"

[robcguns]

The way I see it, you're either going to walk away with not much money made OR you will walk away a millionaire from the amount of $XRP you hold.

There are rumors of it getting to $10, $30, $100, $589 and even > $1000 per $XRP. Market cap would argue against most of those higher numbers, but if it does in fact move the amount of volume between nations that people are speculating it might, then YOU WILL be very well off.

"1"

That’s the dream. I’d be pretty happy at 10.00. I used to have a good amount more but dumped it. I will hold this for a longtime.

[Griffith]

I'm holding onto about 10 cryptos that lend themselves well towards utility. There's just too much fluff out there with cute names that end up being worthless projects. This is one of the reasons I sold off all of my Cardano holdings a while back (really started to seem like a fluff project with an egotistical leader that's a fucking liar, who got caught). I also unloaded all of my Solana while it was still above $200 (had bought into it when it was around $14/SOL), which did bring me great profit, but a few friends put me on to the fact that it was a toy for venture capitalists to simply pump and dump the market with and that gave me the green light to jump off that ship.

I am starting to really entertain (invest into) $XRP. There's a lot of buzz surrounding its potential and it is incredibly well aligned with those that matter. Also, I sent some $XRP (about $250 worth) from one foreign exchange into a US-based exchanged and the entire process took less than 1 minute and only cost me a few pennies. That's impressive. As a tool for payment settlements, it's ridiculously impressive. I can see why central banks and local retail banks would love it as an option. Short of the hold up due to the SEC vs Ripple lawsuit (which I think is absolute bullshit) I think this project has a world of potential.

Are any of you HODL'ing $XRP? If so, what's your reason?

"1"

Agreed.

I use it for transfers between foreign and local accounts and it costs a few cents, irrespective of the amount.

It is also extremely fast, almost instant.

[Theoak*]

Agreed.

I use it for transfers between foreign and local accounts and it costs a few cents, irrespective of the amount.

It is also extremely fast, almost instant.

Can do exactly the same thing on lightning network with btc without the centralisation attached.In general, I think btc and lightnjng can bring more financial access to unbanked people, can give people more access to hard money or censorship-resistant payments, etc.

Bigger it gets, the more it could be use as a global settlement network. Strike and Bottlepay are using it for that purpose.

Btc base layer can process about as many annual settlements as Fedwire, and can do so in a decentralized way that anyone can connect to rather than being a closed sysetm. I think that's a pretty big deal.

[Flexacon]

Gonna slowly unwind into cash as potential regulatory enforcements have me concerned. BTC and ETH look safe, but almost everything else could get nuked. BTC dominance could moon so still money potentially to be made.

I have access to free (stolen) electricity for 6 months and will be purchasing the discounted mining equipment on sale in the UK right now. It's prison or multi millionaire.

[Mayday]

Gonna slowly unwind into cash as potential regulatory enforcements have me concerned. BTC and ETH look safe, but almost everything else could get nuked. BTC dominance could moon so still money potentially to be made.

I have access to free (stolen) electricity for 6 months and will be purchasing the discounted mining equipment on sale in the UK right now. It's prison or multi millionaire.

CPI print on Monday and then rate meeting a week later.

This coming rate rise was never in the original sell off to the low set in June. It was not priced in. market tried to sell off again but couldn’t because everything is so one sided (ie short). Something is broken.

Things are so massively over tightened now and central banks looking to go further. A perfect Setup for the next inflationary wave to start in 2023 meanwhile everyone is calling for epic crashes just like back in 2020.

The biggest red herring is ‘the pivot’ for rate cuts.

[obsidian]

CPI print on Monday and then rate meeting a week later.

This coming rate rise was never in the original sell off to the low set in June. It was not priced in. market tried to sell off again but couldn’t because everything is so one sided (ie short). Something is broken.

Things are so massively over tightened now and central banks looking to go further. A perfect Setup for the next inflationary wave to start in 2023 meanwhile everyone is calling for epic crashes just like back in 2020.

The biggest red herring is ‘the pivot’ for rate cuts.

Nobody knows what the price will do. Seems to me the safest bet is to accumulate in a dollar cost average style and just forget about it for a long time. The guys that mined Bitcoin back in 2009 and just held eventually will get the last laugh.

What I don't like about trading is it is like gambling and creates tax preparation headaches. All these guys day trading crypto - are they doing that on KYC exchanges or not? It's not worth it to me to deal will all the tax BS that comes with that.

I think I prefer to just mine cryptos and accumulate in that way. Winter is perfect to mine in my region because the rigs heat the home. That way you are taking a gamble with the crypto you're mining but at least part of that gamble goes into increasing the temperature in your home.

[Irongrip400]

Any of y’all do the Paraiba Network or whatever it’s called?

[Flexacon]

CPI print on Monday and then rate meeting a week later.

This coming rate rise was never in the original sell off to the low set in June. It was not priced in. market tried to sell off again but couldn’t because everything is so one sided (ie short). Something is broken.

Things are so massively over tightened now and central banks looking to go further. A perfect Setup for the next inflationary wave to start in 2023 meanwhile everyone is calling for epic crashes just like back in 2020.

The biggest red herring is ‘the pivot’ for rate cuts.

I'm exiting positions because of potential regulations not market conditions.

The SEC has been vocal on supporting Bitcoin and Ethereum being regulated as commodities. Bullish for BTC and ETH but it doesn't look good for everything else.

No point taking the risk sitting in ALTS right now with this potential nuke. Actual nuke could be months or even years away, but with BTC dominance where it now ALTS don't look worth the risk.

[Thin Lizzy]

I'm exiting positions because of potential regulations not market conditions.

The SEC has been vocal on supporting Bitcoin and Ethereum being regulated as commodities. Bullish for BTC and ETH but it doesn't look good for everything else.

No point taking the risk sitting in ALTS right now with this potential nuke. Actual nuke could be months or even years away, but with BTC dominance where it now ALTS don't look worth the risk.

Seems very manipulated. The trend is clearly down but you have sharp spikes to hammer shorts:

[Flexacon]

Seems very manipulated. The trend is clearly down but you have sharp spikes to hammer shorts:

Exchanges can see all leveraged positions and stop losses. The common belief is it's exchanges going hunting for early long or short positions.

[Mayday]

Seems very manipulated. The trend is clearly down but you have sharp spikes to hammer shorts:

0.75% rate hike this month and another 0.5% before year end not yet priced in. Sharemarket tried to sell off but couldn’t. It got to 3,890 and reversed.

Not manipulated but sharemarket can’t do what it expects it should do.

I don’t believe the ‘forward looking’ narrative. Maybe this is how the next ‘black swan?’ Event is created?

Everything hedged, market can no longer sell off to price in rate hikes and instead creates short squeeze after short squeeze by error. This gets us higher and higher then at some point rates and data look so bad people assume cuts and QE are coming which creates FOMO over these short squeezes and the entire thing goes bananas before and epic black swan collapse?

That’s my another of my short stories of total BS that won’t happen.

[Thin Lizzy]

Exchanges can see all leveraged positions and stop losses. The common belief is it's exchanges going hunting for early long or short positions.

What seemed to have happened there is that Bitcoin broke downside support, traders jumped in and promptly got worked by the sharp reversal.

[Flexacon]

0.75% rate hike this month and another 0.5% before year end not yet priced in. Sharemarket tried to sell off but couldn’t. It got to 3,890 and reversed.

Not manipulated but sharemarket can’t do what it expects it should do.

What seemed to have happened there is that Bitcoin broke downside support, traders jumped in and promptly got worked by the sharp reversal.

I would say both answer are correct, just depends on your timeline. Short time frame and the manipulation looks obvious. Longer timeframe and it's clear it follows the broader market.

[Tennisballz]

The big merge is on the horizon.  I have about 10.5 ethereum.  What do the getbig financial experts think about this?  I’ve been doing a ton of research over the past few days and it really seems to be 50/50 as there are multiple factors that could affect the price in one way or another.  I have some cash on the side but can’t decide whether to go in on more or just wait for now!

[Mayday]

So my feed is 80% sure we are going to 11k and the other 20% say it’s going to 6k.

At the start of the year My brother in law asked me to tell him when I thought the market had bottomed and when I was in. I told him, multiple times so he can’t blame me in the future. He said he will wait and see if this crash will play out.

Missing the bottom to then miss the 96k BTC top is going to cause utter carnage.

[Griffith]

Anyone receive ETHW after the Merge?

I received today and will just hold.

Who knows how it could look in the next bullrun? Possibly non-existent but value is so low right now may as well hold on to it.

ETC (Ethereum Classic) didn’t too bad and had some decent pumps so we’ll see what happens with ETHW.

[Mayday]

Anyone receive ETHW after the Merge?

I received today and will just hold.

Who knows how it could look in the next bullrun? Possibly non-existent but value is so low right now may as well hold on to it.

ETC (Ethereum Classic) didn’t too bad and had some decent pumps so we’ll see what happens with ETHW.

Yes, got my coins.

Perhaps they might do something in the next run but I’m not banking on it.

[Mayday]

In 3 days time, if we close around the price we are at today, We begin a fresh start.

In other words, the bottom is in for the last run we just had. We reset and start the next round.

[Flexacon]

This is for Gib and Polydumbass from the Financial Times

Bitcoin > Gilts




We can’t believe we’re writing this . . . but long-term inflation-linked gilts have now crashed even harder than every online bro’s favourite digital “asset”.

Obviously this is a fight to be the least awful investment of the past year, and bitcoin is down about 67 per cent since last November. It’s hardly something to shout about for enthusiasts who claimed it would be a great inflation hedge.

But the fact that inflation-proofed long-term UK sovereign debt has done even worse has blown our minds. Just look at the chart at the top of this post. This is wild stuff.


https://www.ft.com/content/b3a83be1-a79f-4887-a622-cb1c7717e93f

[Mayday]

This is for Gib and Polydumbass from the Financial Times

Bitcoin > Gilts




We can’t believe we’re writing this . . . but long-term inflation-linked gilts have now crashed even harder than every online bro’s favourite digital “asset”.

Obviously this is a fight to be the least awful investment of the past year, and bitcoin is down about 67 per cent since last November. It’s hardly something to shout about for enthusiasts who claimed it would be a great inflation hedge.

But the fact that inflation-proofed long-term UK sovereign debt has done even worse has blown our minds. Just look at the chart at the top of this post. This is wild stuff.


https://www.ft.com/content/b3a83be1-a79f-4887-a622-cb1c7717e93f

Bottom is in and next top 96k.

[TheGrinch]

Bottom is in and next top 96k.

want to buy bitcoin.... what exchange do you recommend?

[robcguns]

want to buy bitcoin.... what exchange do you recommend?

I would go crypto.com or coinbase pro.

[TheGrinch]

I would go crypto.com or coinbase pro.

thanks.... aren't their fees much higher?

Someone said ftx or kraken to me

[Mayday]

want to buy bitcoin.... what exchange do you recommend?

For BTC and ETH I use exchanges inside my country authority because those exchanges are held to local regulations. I hold those coins in those exchanges.

For degenerate shitbag alt coins I use 1inch defi exchange.