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

[Bindare_Dundat]

To the moon!! Lol

Good day today.

[Bindare_Dundat]

Price of ETH can go 5 times to be of equal value with BTC which would mean looking for a value ratio of 0.1 ETHBTC.

[Mayday]

Read this. Interesting.

There are currently 11 wallets without outbound payments since 2014, holding a total of 273,182 BTC.[1]

As soon as one of these ‘whales’ (large holders) sell their Bitcoins, the price will decline firmly. It happened before. This will trigger bots to sell more, plummeting the rates even more.

Some of these wallets might be inaccessible. Or the holders are waiting for the right moment to manipulate the rates?

Nobody knows.

They are going to short the market.

[Griffith]

https://markets.businessinsider.com/currencies/news/ethereum-price-explodes-secure-new-all-time-high-analysts-double-14702021-1-1029998498

Ethereum explodes 21% in just one day to secure a new all-time high past $1,470 - and analysts expect it to double in the next two weeks

The world's second-largest cryptocurrency, with a market cap of $160 billion, has risen on 90% a year-to-date basis, outpacing bitcoin's 10% rise.

But Ethereum's rally is expected to match the momentum in bitcoin's. Analysts at Galaxy Trading expect the price to trade as high as $3,000 in the next few weeks. Comparing bitcoin and Ethereum's rally, the analysts noted a similar pattern of limited price momentum followed by a major breakout.

Ethereum has gained 1,200% in value since the March 2020 coronavirus-induced market crash, compared with a 700% increase in the value of bitcoin. In 2020, the Ethereum network saw over $1 trillion worth of transactions on its blockchain - exceeding the transaction volumes of payment platforms such as PayPal.

[Bindare_Dundat]

Btc just made a move after showing some resistance to the upside, similar to ethereums moves yesterday. If it holds this for a while could be bullish run.

MAYDAY  are you paying attention to wallet activity?

[Bindare_Dundat]

They are going to short the market.

Dead wallets.most.likely.

[Griffith]

 

[Bindare_Dundat]

Pay attention to the pumpamentals.

[El Diablo Blanco]

Dead wallets.most.likely.

There are stories of at least 3 of them who had thrown away or locked themselves out of their BTC.  How sad.

[gib]

BTC is awakening from its little slumber, as US funds start Monday trading.

ETH fanboys stand aside and let the big boys back in to dominate the BTC trade...

[Bindare_Dundat]

BTC is awakening from its little slumber, as US funds start Monday trading.

ETH fanboys stand aside and let the big boys back in to dominate the BTC trade...

Dont get cocky. 

[gib]

Is all good. The big money is coming from the institutional players into BTC. Some of that BTC gains in turn bleed into Eth. And beyond that into Alts. Its like BTC is the planet, and the alts all circulate around like moons. The alts may well outperform in the short term, purely due to smaller market cap. But make no doubts about it - BTC is the big Daddy, and the rest are to some extent parasites of the crypto ecosystem, who from time to time are having a nice meal.

It would not surprise me at all if alts (including ETH) in the near team, outperform BTC.

[FitnessFrenzy]

Ethereum won’t be with more than Bitcoin.  There way more units of ethereum than there are of BTC

there are other factors to consider here as well

[polychronopolous]

The Herd Is Coming


Nasdaq-listed Marathon Patent Group buys $150 million worth of bitcoin as part of the company's treasury reserves

 Quick Take

    Publicly-traded Marathon Patent Group has bought bitcoin worth about $150 million.
    Marathon CEO Merrick Okamoto told The Block that the purchase was made from the company’s cash reserves.


Nasdaq-listed Marathon Patent Group announced Monday that it has purchased around 4,813 bitcoin for about $150 million.

The investment is part of the company's treasury funds, Marathon CEO Merrick Okamoto told The Block. This is the first time the company, which is involved in bitcoin mining, has bought bitcoin from the market.

"By leveraging our cash on hand to invest in bitcoin now, we have transformed our potential to be a pure-play investment into a reality," said Okamoto. "We also believe that holding part of our treasury reserves in bitcoin will be a better long-term strategy than holding U.S. dollars, similar to other forward-thinking companies like MicroStrategy."

To be sure, Marathon's stock rallied 892% last year and MicroStrategy's stock gained 166%, as compared to bitcoin's gain of about 300% during the year.

Earlier this month, Marathon raised $250 million in an equity round. When asked whether those funds were utilized to buy the bitcoin, Okamoto told The Block that the company had $425 million in cash before this raise, which was utilized to buy the bitcoin.

Crypto financial services firm NYDIG helped execute the transaction. The purchase was completed on January 21, NYDIG told The Block, adding that the purchase amount per bitcoin was around $31,135.

The order was completed "in only a few hours" from idea to execution, said NYDIG.

Last month, the firm also assisted insurance giant MassMutual to buy bitcoin worth $100 million, and MassMutual at the time acquired a $5 million minority equity stake in NYDIG.

As for Marathon Patent Group, the company has been mining bitcoin since late 2017.  Today, it has 2,560 bitcoin miners in production, currently producing around 1.5 to 2 bitcoin per day, Okamoto told The Block.

To expand its operations, Marathon recently ordered 100,500 units of advanced S19 miners from Bitmain for about $270 million. "These units will be shipped beginning this week," Okamoto told The Block. "When fully deployed and installed, the company's total hashrate capability will exceed 10.34 exahash [from the current about 256 petahash], which we believe could make Marathon the largest bitcoin miner in the world."

 https://www.theblockcrypto.com/post/92378/nasdaq-marathon-patent-group-buys-bitcoin-btc-treasury-reserves

[Bindare_Dundat]

The Herd Is Coming


Nasdaq-listed Marathon Patent Group buys $150 million worth of bitcoin as part of the company's treasury reserves

 Quick Take

    Publicly-traded Marathon Patent Group has bought bitcoin worth about $150 million.
    Marathon CEO Merrick Okamoto told The Block that the purchase was made from the company’s cash reserves.


Nasdaq-listed Marathon Patent Group announced Monday that it has purchased around 4,813 bitcoin for about $150 million.

The investment is part of the company's treasury funds, Marathon CEO Merrick Okamoto told The Block. This is the first time the company, which is involved in bitcoin mining, has bought bitcoin from the market.

"By leveraging our cash on hand to invest in bitcoin now, we have transformed our potential to be a pure-play investment into a reality," said Okamoto. "We also believe that holding part of our treasury reserves in bitcoin will be a better long-term strategy than holding U.S. dollars, similar to other forward-thinking companies like MicroStrategy."

To be sure, Marathon's stock rallied 892% last year and MicroStrategy's stock gained 166%, as compared to bitcoin's gain of about 300% during the year.

Earlier this month, Marathon raised $250 million in an equity round. When asked whether those funds were utilized to buy the bitcoin, Okamoto told The Block that the company had $425 million in cash before this raise, which was utilized to buy the bitcoin.

Crypto financial services firm NYDIG helped execute the transaction. The purchase was completed on January 21, NYDIG told The Block, adding that the purchase amount per bitcoin was around $31,135.

The order was completed "in only a few hours" from idea to execution, said NYDIG.

Last month, the firm also assisted insurance giant MassMutual to buy bitcoin worth $100 million, and MassMutual at the time acquired a $5 million minority equity stake in NYDIG.

As for Marathon Patent Group, the company has been mining bitcoin since late 2017.  Today, it has 2,560 bitcoin miners in production, currently producing around 1.5 to 2 bitcoin per day, Okamoto told The Block.

To expand its operations, Marathon recently ordered 100,500 units of advanced S19 miners from Bitmain for about $270 million. "These units will be shipped beginning this week," Okamoto told The Block. "When fully deployed and installed, the company's total hashrate capability will exceed 10.34 exahash [from the current about 256 petahash], which we believe could make Marathon the largest bitcoin miner in the world."

 https://www.theblockcrypto.com/post/92378/nasdaq-marathon-patent-group-buys-bitcoin-btc-treasury-reserves

Bahahahaha.

But but but its all shit

[polychronopolous]

Bahahahaha.

But but but its all shit

Get the CEOs of these companies on conference call IMMEDIATELY!!

A handful of getbiggers said it's all a big scam!!! 

[SOMEPARTS]

Somebody show me how the central banks can profit from an outside monetary system in a way that exceeds the current system.

[Humble Narcissist]

Somebody show me how the central banks can profit from an outside monetary system in a way that exceeds the current system.

They can't, it's just part of the pipe dream.

[Griffith]

Somebody show me how the central banks can profit from an outside monetary system in a way that exceeds the current system.

Several central banks are experimenting with using Ethereum technology in order to introduce their own Central Bank Digital Currency (CBDCs).

Ethereum is a software platform used for banking, and to create and manage digital coins, such as stablecoins, which are backed by hard currency. USDC (US Dollar Coin) uses Ethereum.

Ether (ETH) is the cryptocurrency of the Ethereum platform.

https://consensys.net/blog/enterprise-blockchain/cbdc-pilots-on-ethereum/

[SOMEPARTS]

Several central banks are experimenting with using Ethereum technology in order to introduce their own Central Bank Digital Currency (CBDCs).

Ethereum is a software platform used for banking, and to create and manage digital coins, such as stablecoins, which are backed by hard currency. At the moment, USDC (US Dollar Coin) uses Ethereum.

Ether (ETH) is the cryptocurrency of the Ethereum platform.

https://consensys.net/blog/enterprise-blockchain/cbdc-pilots-on-ethereum/

Yes, I'm sure if something comes up that is as easy to control/manipulate and more profitable - central banks will be all in.

This board's BTC proponents however will be checking google for an answer to my question. Again, in what situation do the banks....that run the world....and own the politicians....and are ruthless enough to finance both sides of every major war...allow a major money system outside of their SWIFT system to exist?

[Bindare_Dundat]

Yes, I'm sure if something comes up that is as easy to control/manipulate and more profitable - central banks will be all in.

This board's BTC proponents however will be checking google for an answer to my question. Again, in what situation do the banks....that run the world....and own the politicians....and are ruthless enough to finance both sides of every major war...allow a major money system outside of their SWIFT system to exist?

Who cares? Enjoy the ride. Lol

[Mayday]

Btc just made a move after showing some resistance to the upside, similar to ethereums moves yesterday. If it holds this for a while could be bullish run.

MAYDAY  are you paying attention to wallet activity?

I’m not following any news or any wallet activity.

ETH is in a short seasonality run that happens in the first 3 months of each year.

The difference to the last few years is this seasonality has happened during a parabolic move causing the price to rise significantly. This is why I sold BTC and switched to ETH. The news is making it out to be something it isn’t. It’s a temporary trend not a transformation of market structure.

Ultimately BTC controls the market direction so ETH will follow regardless of seasonality if BTC takes a dive (however ETH recovers quicker than BTC during seasonality).

I don’t see any bull run about to happen from where BTC sits right now. BTC Ballpark target 21k.

[Bindare_Dundat]

I’m not following any news or any wallet activity.

ETH is in a short seasonality run that happens in the first 3 months of each year.

The difference to the last few years is this seasonality has happened during a parabolic move causing the price to rise significantly. This is why I sold BTC and switched to ETH. The news is making it out to be something it isn’t. It’s a temporary trend not a transformation of market structure.

Ultimately BTC controls the market direction so ETH will follow regardless of seasonality if BTC takes a dive (however ETH recovers quicker than BTC during seasonality).

I don’t see any bull run about to happen from where BTC sits right now. BTC Ballpark target 21k.

Sold.most.of.my ETH yesterday. Glad i stuck it out. Hoping for another hurrah in btc before.your  predicted price fall range but its seems to be losing steam.

[obsidian]

world....and own the politicians....and are ruthless enough to finance both sides of every major war...allow a major money system outside of their SWIFT system to exist?

If politicians own Bitcoin and other cyptos they will have enough wealth where there is no need to be bought and paid for. The solution is to get the politicians out of the clutches of the bankers. Then you just tell the bankers to go fuck themselves. If they don't want to comply you send a few mercenaries to set them straight.

[SOMEPARTS]

If politicians own Bitcoin and other cyptos they will have enough wealth where there is no need to be bought and paid for. The solution is to get the politicians out of the clutches of the bankers. Then you just tell the bankers to go fuck themselves. If they don't want to comply you send a few mercenaries to set them straight.

Haha, good one. I can see the unicorns and fairy dust.