Author Topic: Bitcoins - about to hit $5,000 per coin today!  (Read 1393570 times)

Thin Lizzy

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9100 on: January 12, 2023, 04:31:50 PM »

https://www.cnbc.com/2007/12/04/abby-joseph-cohen-economy-to-rebound-in-2008.html

Abby Joseph Cohen, chief investment strategist at Goldman Sachs, says the U.S. economy will rebound in mid-2008, but the next few months will be bumpy.

In an interview with CNBC, Cohen explained why she remains bullish, how the recovery will look -- and what she foresees for the financial sector.


She says the S&P 500 will hit 1,675 by the end of 2008, a gain of 14.5 percent over 1,463 at market close Tuesday.

*******

It ended the year at 900.

Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9101 on: January 13, 2023, 03:42:57 AM »
What’s so frustrating about attempting to forecast is that you can get the prediction right but the price still doesn’t go your way. It makes perfect sense that if central banks print trillions of dollars, gold should go through the roof but it’s been flat as fuck the entire time.🤔

That’s why my bets are 5yrs-6yrs out from 2020.

It doesn’t matter short term, longer term is ok. We will have a 2nd inflationary wave, just. Question of how big it will be. We can’t answer that until we see how deep this pullback will go CPI wise.

1970s was 5.3% for the first pullback economically so that’s a good reference point. Fed will be 4.4-4.5%.

GymnJuice

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9102 on: January 13, 2023, 05:08:55 AM »
I was full bear on here mid/late 2021 and had shorts in the stock market. I was actually expecting the market to crash harder. The slow dump and leverage unwinding in crypto caught me out.

I don't do shorts but I was also expecting more of a recession and market downturn that what has happened so far.

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9103 on: January 13, 2023, 05:55:59 PM »
Coinbase fires 20% and their CEO says dark times are coming.

Y'all keep on hoping.

Saying that manipulation is needed more than smart money is hilarious.


https://www.coinbase.com/blog/a-message-from-ceo-and-co-founder-brian-armstrong-to-coinbase-employees

Every crypto exchange, every crypto lender, every crypto entity is in a hole right now to the tune of several billions. Legal cases and police raids are flying all over the place. Crypto is a complete shit show right now. What's the price doing though?  ;D

Now you see why I laughed when you said "Smart money" was needed. No bro crypto has the tether money printer fraud.

Theoak*

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9104 on: January 13, 2023, 09:59:31 PM »
Every crypto exchange, every crypto lender, every crypto entity is in a hole right now to the tune of several billions. Legal cases and police raids are flying all over the place. Crypto is a complete shit show right now. What's the price doing though?  ;D

Now you see why I laughed when you said "Smart money" was needed. No bro crypto has the tether money printer fraud.

The tether fraud might be the last catalyst for a draw down of 60-70% after BTC next bull run 2024/2025. That's "if" it blows up, certain exchanges are already signalling no fees to rotate out of tether and into usdc(?). I'm sure they know something shady  is there and with SEC making concentrated efforts on stable coins we might just see it implode.

How much market share USDC can take from tether between now and a hypothetical  blow up will indicate how much market will drop. After that what could really be a potential threat for such massive draw  downs in bear markets?

We've had :

Mt gox
China bans
block size wars
ICO scams
black Swan events
Fraudulent crypto casinos
Environmental FUD

Barring another black Swan or Quantum computing(still awhile off) BTC is poised in next couple of halving cycles to really stablise in terms of downside.

One thing is for sure, when btc is trading 6figures same people in this thread will have their cocks in their had  still calling it a ponzi while chasing to super sweet 3% on some foreign  hedged index fund.

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9105 on: January 14, 2023, 07:52:06 AM »
Gib was cool. Even the other dude was good fun.

We had gib who was certain Bitcoin was the new world currency at any moment. Then the other bloke who was certain the USD was collapsing at any moment and was busy buying ammo.

Now most calling for the end of everything and a total collapse. Nein!

Anyhoo at least this pump might get me back to break even lol.

Yo Mayday my man! I am still here. Just lurking, As for the "other guy", I have a very nice post ready for him when we hit 100K.

Hope everyone is doing well... :)

Dave D

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9106 on: January 14, 2023, 09:20:29 AM »
Yo Mayday my man! I am still here. Just lurking, As for the "other guy", I have a very nice post ready for him when we hit 100K.

Hope everyone is doing well... :)

Mr. Anabolic?

You chased him off. I imagine he’s going to come back now if he’s still alive.

Agnostic007

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9107 on: January 15, 2023, 12:50:15 AM »
So for a guy who hasn't yet put a dime into bitcoin or its various offsprings... what would you suggest for someone who wants to dabble in crypto with 5 or 10K for a long term investment?

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9108 on: January 15, 2023, 05:21:34 PM »
Yo Mayday my man! I am still here. Just lurking, As for the "other guy", I have a very nice post ready for him when we hit 100K.

Hope everyone is doing well... :)

Welcome back Gib. Still holding?

I'd like Army of One to return too so I can ask him how he feels about Richard Heart now.

Previous comments from him including him saying "Richard Heart is god" and "charismatic genius with more reach than anyone in crypto". Claimed Heart would take Pulsechain to heights that Ethereum and Vitalik would never be able to achieve. The brother got  psyoped good.

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9109 on: January 15, 2023, 05:26:17 PM »
So for a guy who hasn't yet put a dime into bitcoin or its various offsprings... what would you suggest for someone who wants to dabble in crypto with 5 or 10K for a long term investment?

Everyone has different risk tolerances, expectations and time frames. More importantly is 10K a lot of money to you? On a 1 -10 scale how much would it matter to you if you lost it all?

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9110 on: January 16, 2023, 03:09:50 AM »
Mr. Anabolic?

You chased him off. I imagine he’s going to come back now if he’s still alive.

Maybe he's off grid somewhere, with his ammo and his gold...

Seriously though, I hope he is OK. He meant well, and I enjoyed the banter... :)

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9111 on: January 16, 2023, 03:12:32 AM »
Welcome back Gib. Still holding?


Indeed I am. Now have 55 coins, and I am confident more than ever in BTC.

I also bought a small amount of ETH, despite being a Bitcoin maxi.

Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9112 on: January 16, 2023, 03:13:28 AM »
Yo Mayday my man! I am still here. Just lurking, As for the "other guy", I have a very nice post ready for him when we hit 100K.

Hope everyone is doing well... :)

Hi mate, hope all is well :) crazy times huh!

Welcome back Gib. Still holding?

I'd like Army of One to return too so I can ask him how he feels about Richard Heart now.

Previous comments from him including him saying "Richard Heart is god" and "charismatic genius with more reach than anyone in crypto". Claimed Heart would take Pulsechain to heights that Ethereum and Vitalik would never be able to achieve. The brother got  psyoped good.

Gib is a nice guy, well behaved and polite. Have to give guys like that respect.

if we see S&P close to 4,100 then nuke sub 3,500 (maybe 3,200) I’m going gigga long lines of credit just like I did in 2020. my own data tracking is showing we are playing out at twice the speed of history.   I’m assuming we nuke lower but let’s see.

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9113 on: January 16, 2023, 03:18:11 AM »
So for a guy who hasn't yet put a dime into bitcoin or its various offsprings... what would you suggest for someone who wants to dabble in crypto with 5 or 10K for a long term investment?

I would offer a few words of advice. Going out to "dabble" in any investment, is not ideal. You need to be well prepared. Read about Bitcoin. Understand some of the distinctions between Bitcoin and alts. Be prepared to HODL! And understand what the phrase "not your keys, not not your coins means".

I do think now is a great time to enter, and I think we will have a great ride as we enter 2024 -2025.

Mentally you need to be prepared for volatility. You could buy BTC now at 21K, and it could quite well in 1 month from now have dropped to 18, 14, or even 9K. Similarly it could be 23, 27, or 32K. The key is to take a long term view, ride it out, knowing that supply is fixed, and adoption and demand is only increasing, and so in the long term this should also be reflected in price.

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9114 on: January 16, 2023, 03:21:36 AM »
Hi mate, hope all is well :) crazy times huh!

Gib is a nice guy, well behaved and polite. Have to give guys like that respect.


Awww. The feeling is mutual. I like how the conversation morphed into a discussion on general economics and stocks also by the way. I can't recall if I mentioned back on this chain, that I am actually quite a significant stock investor. I'll jump back into the thread more actively at some point. Just busy at the moment but dropping in to say hi. :)

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9115 on: January 16, 2023, 06:20:20 PM »
Indeed I am. Now have 55 coins, and I am confident more than ever in BTC.

I also bought a small amount of ETH, despite being a Bitcoin maxi.

Volcano bonds (how ridiculous does that sound) will keep BTC pumping.

Staking yields for ETH will eventually attract a lot money and pump ETH price.

I'm giving the edge to ETH for the next cycle.

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9116 on: January 16, 2023, 06:35:27 PM »
Hi mate, hope all is well :) crazy times huh!

Gib is a nice guy, well behaved and polite. Have to give guys like that respect.

if we see S&P close to 4,100 then nuke sub 3,500 (maybe 3,200) I’m going gigga long lines of credit just like I did in 2020. my own data tracking is showing we are playing out at twice the speed of history.   I’m assuming we nuke lower but let’s see.

I am waiting for those prices too, but getting more and more doubtful if we'll see it. Everyone went short in Sept/Oct last year and the slow climb up must have hurt them. Who is gonna go short now? Bad earnings are expected and other things like natural gas and oil prices are more bullish.

It doesn't look like we'll get a nuke from a major fund or bank blowing up either. Maybe October was the bottom and it's sideways now. I'm playing a few stocks this week cos volatility, but I'll keep waiting after that.

Agnostic007

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9117 on: January 16, 2023, 07:08:20 PM »
I would offer a few words of advice. Going out to "dabble" in any investment, is not ideal. You need to be well prepared. Read about Bitcoin. Understand some of the distinctions between Bitcoin and alts. Be prepared to HODL! And understand what the phrase "not your keys, not not your coins means".

I do think now is a great time to enter, and I think we will have a great ride as we enter 2024 -2025.

Mentally you need to be prepared for volatility. You could buy BTC now at 21K, and it could quite well in 1 month from now have dropped to 18, 14, or even 9K. Similarly it could be 23, 27, or 32K. The key is to take a long term view, ride it out, knowing that supply is fixed, and adoption and demand is only increasing, and so in the long term this should also be reflected in price.

Thanks.. I plan on holding for awhile

Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9118 on: January 18, 2023, 04:20:52 AM »
I am waiting for those prices too, but getting more and more doubtful if we'll see it. Everyone went short in Sept/Oct last year and the slow climb up must have hurt them. Who is gonna go short now? Bad earnings are expected and other things like natural gas and oil prices are more bullish.

It doesn't look like we'll get a nuke from a major fund or bank blowing up either. Maybe October was the bottom and it's sideways now. I'm playing a few stocks this week cos volatility, but I'll keep waiting after that.

99% are convinced we have a biblical crash from here. My Twitter feed is filled with Tesla single digits dollar calls 😂 every fucker is shorting at 4,000 expecting 2,000.

I try to be open minded and We have 2 proper inflationary cycles in our lifetime to look at:

99% say it’s 70s which was epic crashes and chop for 10yrs
The 40s had an initial 25% crash then a 2x followed by another 2x

We had a 27% crash back in October. The forward looking question is what are we planning economy wise. The 40s featured massive economic and trade reform as we globalised. Today with deglobalisation we are faced with massive economic and trade reform.

I have NFI but it’s worth pondering In the 40s, people were calling for a collapse all the way into the 50s….. but yet this happened 👀




Griffith

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9119 on: January 18, 2023, 01:31:32 PM »
Indeed I am. Now have 55 coins, and I am confident more than ever in BTC.

I also bought a small amount of ETH, despite being a Bitcoin maxi.


Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9120 on: January 20, 2023, 05:40:31 PM »


22,600  :D

It would be bloody funny if we somehow ended back up at 60k lol.

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9121 on: January 20, 2023, 06:34:58 PM »

22,600  :D

It would be bloody funny if we somehow ended back up at 60k lol.

The Genesis chapter 11 bankruptcy should allow for an orderly sell off so no further nuking hopefully (unless it's with the stockmarket)

I'll be happy with a 40K top, I'd even take 30k.

I've converted all the crap I mined into Algo. Need it to pump x2 to cover my costs. BTW the Australian banks have gone and done their stablecoin. (Eth and Algo rails)

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9122 on: January 20, 2023, 06:59:30 PM »


Let me explain myself on the ETH, and the possible criticism that this is a betrayal of my BTC maxi beliefs.

 Whilst I believe eventually almost all alts will collapse (and in any case will be restricted from most regulated exchanges due to being unregistered securities thus heavily impacting their value, legitimacy and liquidity), I did buy ETH purely for speculative reasons as I believe it will move upwards along with BTC for a period of time. (Of course the same "logic" could be applied to all "alts", I know). There is a huge risk that ETH will be enforced as a security by the SEC this year (and the same decision followed by many other countries) and that of course is very bullish for BTC as money moves into the only real "crypto commodity". Also, ETH is becoming increasingly centralized (as opposed to BTC which is totally decentralized and where all the safe money is thus moving - and this is big money, from conservative family offices, HNWs, hedge funds, pension funds, etc), and over time the pitch that ETH's "proof of stake" is "better for power consumption" will also be its downfall due to the resulting centralization - after all the whole reason we moved away from fiat was due its centralized control and the risks that brings. ETH is constantly changing at a whim of a few people in control, whereas BTC is consistently constant due to is decentralized nature.

Not sure if that fully makes sense, but I really remain a BTC maxi. I have not even recently looked at how much ETH I have accumulated, but I am guessing i hold around 3% ETH vs all the rest BTC other than a tiny bit of alt shrapnel I bought for fun to support friends etc who were "launching projects".

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9123 on: January 21, 2023, 01:51:42 AM »
I really do hope lessons are learned this time around.

Ignore the scam coins, which inevitably appear every new cycle.

During this next cycle, despite all we should have learned, we will see shysters promoting a "this is a better bitcoin" or this is the most exciting "new crypto project" etc. Those who already experienced the last cycle (or the last 2 cycles) will already have hardened bullshit / scam battle scares. But with every cycle come a new cohort of newbies, and of people who still didn't learn their lesson last time around.

Fool me once, shame on you. Fool me twice, shame on me.

United (with Bitcoin) we stand. Divided (with "crypto") we fall.

See you all at 100k! (Especially you Mr Anabolic...)


Thin Lizzy

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #9124 on: January 21, 2023, 07:39:54 AM »

22,600  :D

It would be bloody funny if we somehow ended back up at 60k lol.

The range before the FTX crash was 20-25k. Personally, I’d fade the breakout at 25k.