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

[gib]

It's not gonna replace anything or change the world, that's just a maxi narrative. It's just gonna be another tool used in finance. You'll have various players in finance buying (through etfs) when they want to go super risk on and it will be the first thing they'll dump when they smell any trouble. No different really from what's been happening for a while.

Anyway a bunch of institutions are buying BTC big right now (US government is also selling silk rd BTC) but they don't plan on holding for long. The face ripper both up and then down should be fun. I'm on Link.

It already (obviously) is replacing various other stores of value. BTC also ROSE during each incident of banking risk, so it can clearly function as a RISK OFF asset during times of crisis.

Any sharp downward movement is of course fun and welcomed by anyone looking to acquire BTC for the long term.

[dunkin donuts]

BTC is like gold in the sense that both are potentially worthless. Gold seems much harder to sell at the right time though

[Flexacon]

It already (obviously) is replacing various other stores of value. BTC also ROSE during each incident of banking risk, so it can clearly function as a RISK OFF asset during times of crisis.

Any sharp downward movement is of course fun and welcomed by anyone looking to acquire BTC for the long term.

No the price of bitcoin went DOWN on news of SVB/banking risks. Btc was actually heading for a crash, but news of the emergency liquidity backstop caused price to rise again as the really smart ones knew straight away it was RISK ON time again. The not so smart ones started buying later as they thought it was QE time again.

Once the backstop was announced any banking risk was contained. From there on only bank shareholders could get hurt. It's been RISK ON ever since (but it won't be for long) You knew all this already though.

[affeman]

It should be very obvious how Bitcoin is superior to gold (both as a store of value and as a medium of exchange).

The supply of Bitcoin is 100% certain. (Gold is not). Yeah but BTC is nothing so the supply of nothing is 100% certain
Bitcoin can be transferred globally in seconds (Gold cannot). But you're transferring nothing
Gold has huge storage costs for the owner (Bitcoin does not). But with BTC you're storing nothing so of course it doesn't have huge storage costs
Bitcoin can be divided into any transaction amount by any owner in seconds. (Gold cannot). Sure it can be divided, but you're dividing nothing so who f*ing cares? lol
Gold can be confisicated at borders (Bitcoin cannot). BTC obviously can't be confiscated cause you can't confiscate nothing
Gold is heavy, Very heavy is you try to carry a lot of it. (Bitcoin is not). BTC is nothing so obviously it's not that heavy lol
Gold is hard to hide if you have a lot of it. (Bitcoin is not). BTC is nothing so it's easy to hide, I give you that
Bitcoin can be used over the internet in digital transactions. (Gold cannot). Yeah, but you're using nothing so who cares?
Bitcoin is integrating with the electronic banking and financial system, (Gold is not). Is it? In El Salvador maybe...lol
Bitcoin is increasingly being adopted and recognized as a currency among countries. (Gold is not). Is it? In El Salvador maybe...lol

That is not to say that gold is not a useful tool in being a store of value. Its just that Bitcoin is vastly superior on many of gold's shortcomings.

Hope this helps

[IroNat]

I see no problem with taking a position in crypto.

Since it is high risk you should keep a small position relative to your more traditional investments.

[dunkin donuts]

I placed an order for 1 bitcoin at 25k, I will let you know when the order is filled, that will be the top signal and it will then go to to absolutely zero

[IroNat]

I placed an order for 1 bitcoin at 25k, I will let you know when the order is filled, that will be the top signal and it will then go to to absolutely zero

We are the sheep.

The sheep always move together at the wrong time.

We don't have the inside intel like the players.

That's why you go with index funds. 

[dunkin donuts]

We are the sheep.

The sheep always move together at the wrong time.

We don't have the inside intel like the players.

That's why you go with index funds.

whatever i do always fails, it's weird since whatever i dont do always wins
maybe going all in on scotch is the best idea

[Mayday]

I placed an order for 1 bitcoin at 25k, I will let you know when the order is filled, that will be the top signal and it will then go to to absolutely zero

Dunkin price indicator

[dunkin donuts]

Dunkin price indicator

i also went big on gold this year, so it's probably going to take massive losses

[Flexacon]

One of the more credible guys (cobie) on crypto twitter is saying there is an "Interpol Red Notice for CZ". Do with that what you will. I know what I'm doing..

[Mayday]

One of the more credible guys (cobie) on crypto twitter is saying there is an "Interpol Red Notice for CZ". Do with that what you will. I know what I'm doing..

Saw that aswell through credible channels.

CZ is in Hong Kong currently so if true nothing is going to happen unless he leaves I guess 

A pullback is expected anyway so this could also just be FUD to blame the pullback on as someone dumps size behind a headline.

COIN starting to look like an opportunity if they become the sole US exchange.

[Flexacon]

Saw that aswell through credible channels.

CZ is in Hong Kong currently so if true nothing is going to happen unless he leaves I guess 

A pullback is expected anyway so this could also just be FUD to blame the pullback on as someone dumps size behind a headline.

COIN starting to look like an opportunity if they become the sole US exchange.

Looks like you might be right, strange though that BTC still hasn't fully recovered after the pullback but ETH has.

Might still take a $coin position for the next month or 2 anyway.

[obsidian]

Nice to see BTC hit 30k again.

ETH would have been a lot higher if it was not for that greasy cockroach Gensler. And of course people are banking on an ETH sell-off after the Shanghai upgrade. This could happen, however, I think it will correct itself after the initial selling action stops. Will be interesting to see how much ETH is burned in the process.

[Mayday]

Nice to see BTC hit 30k again.

ETH would have been a lot higher if it was not for that greasy cockroach Gensler. And of course people are banking on an ETH sell-off after the Shanghai upgrade. This could happen, however, I think it will correct itself after the initial selling action stops. Will be interesting to see how much ETH is burned in the process.

They ran the stops of all the short positions. My feed was filled with shorter at 28.5k.

Might see a pullback before another leg. May Fed meeting is important.

[dunkin donuts]

I cancelled my buy order for 1 btc at 25k because I fear it will crash to 15k again or lower. So basically get ready for 1 million dollar btc because I am always wrong

[gib]

1 million per BTC is very likely to occur. How long it takes to get there depends on rate of adoption and speed of USD money printing.

As Mr Anabolic used to say, "First $100,000, then a million"...

[Theoak*]

1 million per BTC is very likely to occur. How long it takes to get there depends on rate of adoption and speed of USD money printing.

As Mr Anabolic used to say, "First $100,000, then a million"...

 It's either btc goes to 0 or 1million and if it goes to 1million, it's going a lot higher.

[gib]

Could easily get to 10k per coin by year end. We are far from the point where he average man in the street is buying. It's still really geeks and bankers (and a few getbiggers). But just imagine when this goes mainstream.

Nice quote from Gib circa 2017...

[gib]

Me thinks $5000 was THE top.  Let's see if I'm right.

Nope Mr Anabolic, Your were far from being right... 

[Griffith]

Nice quote from Gib circa 2017...

You have been wrong about Ethereum every year since 2017.

[dunkin donuts]

We are the sheep.

The sheep always move together at the wrong time.

We don't have the inside intel like the players.

That's why you go with index funds.

What about learning technical analysis and swing trading? Is it possible?

[obsidian]

One of the more credible guys (cobie) on crypto twitter is saying there is an "Interpol Red Notice for CZ". Do with that what you will. I know what I'm doing..

Could this be because he did not bailout major "Democratic" donor SBF? They are pissed off because he failed to rescue their gravy train of corruption?

[obsidian]

You have been wrong about Ethereum every year since 2017.

I expected ETH to dump after Shanghai in a "buy the rumor sell the news" fashion. This does not seem to have happened. Instead, the benefit of unstaking is giving people more faith in Ethereum. Ethereum is up almost 10% in the past 24 hours. Nice!

Vitalik claims most of the hard upgrades have been made. The future upgrades will not be as tricky apparently. They do want to upgrade to sharding before the next bull run to reduce high fees.

https://therroundup.medium.com/rrupdates-ethereum-went-to-shanghai-whats-the-fuss-all-about-21eaf26d03ac

During the live stream of a Shapella Mainnet Watch Party, Vitalik Buterin, the Ethereum blockchain co-founder, said,

“We’re in a stage where the hardest and fastest parts of the Ethereum protocol’s transition are basically over. Very significant things still need to be done, but those very significant things can be safely done at a slower pace.” — Vitalik Buterin, Ethereum Co-Founder

Buterin stated that after Shanghai, the blockchain would focus on scaling and making transactions faster and cheaper:

“If we don’t fix scaling before the next bull run, we know people are going to be stuck paying $500 transactions. If, on the other hand, we don’t have Verkle Trees before the next bull run, well, things might suck, but you know, it’s a much smaller problem than, you know, $500 transactions, right?” — Vitalik Buterin, Ethereum Co-Founder

[obsidian]

5-year gains for top 8 coins. Check out BNB's gains! I got into BNB at around $8.