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

[Flexacon]

What about bitcoins held on major exchanges, are they safe?
And also, wouldn't that then actually drive up the price of bitcoin as some of them become worthless?

Yes, exchanges would migrate to quantum resistant wallets too.

At a minimum the price will stay flat, but yes it probably drives the price up

[Mayday]

Same play as 2022. The masses making fun of "it's over" while still holding because they think if they say it's over, it won't be and they get a pump.

Everyone is sitting in alts, always were.ahead is 3yrs of the worst rug pulls you have ever seen. It'll be non-stop on alts and will flow on to impact ETH.

[obsidian]

Same play as 2022. The masses making fun of "it's over" while still holding because they think if they say it's over, it won't be and they get a pump.

Everyone is sitting in alts, always were.ahead is 3yrs of the worst rug pulls you have ever seen. It'll be non-stop on alts and will flow on to impact ETH.

Most KOLs have called the bull cycle over, and have exited all alts. They mostly hold BTC. BTC could drop 90% to just under $10,000 and millions of people would still be in profit. Gib bought BTC at $5k. he would still be at a 2x if BTC dropped 90% from where it is now. The same is not true for alts. Many people, especially those still holding, have been underwater for years.

Most people holding alts now are believers, not "jeets" like you or Flex-a-Con. They've already been in a bear market for 3 years. There is no point in them selling. BTC is way overvalued based on its scarcity compared with many alts. Go look at the circulating supplies. There's 6 ETH for every 1 BTC, but BTC is trading at around 30 ETH. 7 BNB for every 1 BTC. Less than 1 ZEC for every 1 BTC.

Bitcoin Dominance has been falling steadily since 2016, and what we've seen is a series of lower highs. BTC.D had 3 yearly green candles then a massive dump in 2021. It's had 4 annual green candles since 2022, and this last one in 2025 has matched the 2020 candle. BTC.D may be due for a big dominance downside correction again. What if BTC.D dumps to 30% in 2026-2027?

https://www.tradingview.com/chart/JhkJkbxB/?symbol=CRYPTOCAP%3ABTC.D

[obsidian]

This guy is hilarious!

9:37
No, it just looks like it's been going down forever, because you have Bitcoin maxis coming out saying, “See, utility and all these things are worth nothing.”
And then everyone comes out and they say, “I love using Bitcoin. Ah, Bitcoin, I love using it, it's got so much use case.”

9:44
Yeah? What do you use it for? What do you use it for?

9:51
“Store of value.”

9:57
What do you use it for, bro? What do you actually use your Bitcoin for?

10:02
They go, “By the way, you know, store of value. You know, if Bitcoin drops 90% tomorrow and stays there for 10 years, you know, there's still 150 million people who've made money on it, stored their value.”

10:08 – 10:14
So it'll come. It'll come. It's not going to drop. Of course it's not going to drop 90%. That'll send the industry to zero.

10:20
But everything you've seen from the crowd of non-believers who are holding BTC…

10:26
…they will be tested. Their balls will be squeezed…

10:31
…and they will question what the hell they're holding in the first place.

[obsidian]

Good and interesting point, but what about what the other getbigger mentioned: quantum computing breaking keys? Imagine that happens, can they still manage such an event?

Flex is a short-term “jeet” trader. He’s not a believer, so long-term timelines mean nothing to him. He’ll ride Bitcoin when it’s moving and then exit to fiat because he has zero interest in being a bag-holder. Whether quantum computers break Bitcoin’s algorithm or it suffers a 51% attack a decade from now is irrelevant to someone trading the short cycles.

And yes, he’s right about one thing: the powers that be will do everything possible to keep Bitcoin afloat, even mining at a loss or stepping in with U.S. military-level intervention. But that simply turns BTC into a U.S.-controlled asset rather than a global one.