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

[Mayday]

Not sure Mayday.

Chainlink is in fact working with SWIFT and it does connect everything blockchain related, does it not?

I think that one shows promise. The others I'm not too sure.

"1"

It’s the realist in me which makes me sound pessimistic vs normal folks.

I’ll preface this with I like the idea of Chainlink. I had this earmarked to buy if we take a BTC pullback.

Not including ETH and BTC but includes stables.
2017 a handful of alts worth 232B
2021 6,500 alts worth 960B
2023 60,000 alts worth 350B….. 👀  market diluted 10x at 36% of its prior peak value
2025 600,000? Alts worth 1.5T?

today the diluted value is 4% of 2021 and if the above plays for 2025 then liquidity halves from here.

The sad reality is the Adoption of alt coins is not outpacing saturation which leads to illiquidity.

I encourage the moon talk on social media because it’s in my favour and I’ll be dumping on those people. I’m not about to lie to people on here though.

[gib]

The sad reality is the Adoption of alt coins is not outpacing saturation which leads to illiquidity.

I came to this conclusion right at the outset of my Bitcoin adoption journey. Which is why I have always pushed the maxi approach. United we can all thrive. Divided and diluted we fall.

[Theoak*]

Brilliant  👏

https://twitter.com/VandelayBTC/status/1685074574570897408?s=20

[Mayday]

Brilliant  👏

https://twitter.com/VandelayBTC/status/1685074574570897408?s=20

Reqlvision have gone full scammers now. They’ve launched multiple NFTs which are useless pieces of shit jpegs.

Buy BTC, ETH, DOGE and call it a day.

[gib]

G B T C $$$
https://grayscale.com/wp-content/uploads/2023/08/GBTC-Decision-829.pdf?

[gib]

G B T C $$$
https://grayscale.com/wp-content/uploads/2023/08/GBTC-Decision-829.pdf?

Hell yeah!

[Mayday]

Hell yeah!

This was overturning the decision that the ETF would not be considered. Now, the SEC will consider it and then reject it…..

Grayscale isn’t on the cards to be approved. Blackrock is. Grayscale will bleed out for a decade which will keep price suppressed.

[gib]

My bet is that the SEC will not appeal. That then opens the way for GBTC to convert to an ETF at the same time as Blockrock and others get approved. And all this probably before the halving. If so, buckle up and enjoy the ride!

[Mayday]

My bet is that the SEC will not appeal. That then opens the way for GBTC to convert to an ETF at the same time as Blockrock and others get approved. And all this probably before the halving. If so, buckle up and enjoy the ride!

They don’t have to appeal.

It opens to door to SEC officially rejecting the application….. again…..

History tells us this:
Blackrock have a 99.8% approval rate for ETF.
Grayscale have a 100% REJECTED rate for Bitcoin ETF

If it was me I’d approve Blackrock first then reject Grayscale straight after. The bleed out from Grayscale will be enormous over the following 12 months as customers switch to the ETF with no lock in period and lower fees.

If it plays out like this the run up will be awesome followed by a massive capitulation and huge dump.

[Mayday]

XRP is down because the SEC sued Ripple and this caused many exchanges to delist it. Believe what you want. XRP will probably go to $10 at some point.

XRP dumped -76% after winning the SEC case. That continues to be an absolutely brutal trendline.

So many fuckers trapped, nobody running through the doors to buy it. The same as almost every other alt coin who had a run up in 2021.

This next cycle will be a whimper and older coins like this will merely bleed out.

The only hope for a big return in the next few years is basically buy some stupid piece of shit frog coin lol.

[obsidian]

XRP dumped -76% after winning the SEC case. That continues to be an absolutely brutal trendline.

So many fuckers trapped, nobody running through the doors to buy it. The same as almost every other alt coin who had a run up in 2021.

This next cycle will be a whimper and older coins like this will merely bleed out.

The only hope for a big return in the next few years is basically buy some stupid piece of shit frog coin lol.

How are you calculating that? Looking at the chart, it dropped about 42.68%

https://www.calculatorsoup.com/calculators/algebra/percentage-decrease-calculator.php

[obsidian]

[Mayday]

How are you calculating that? Looking at the chart, it dropped about 42.68%

https://www.calculatorsoup.com/calculators/algebra/percentage-decrease-calculator.php

Wick to wick from 2021 peak.

Wick to wick from the recent peak is a -58% dump. That’s -58% after winning the biggest and years long law suit with the SEC.

It did nothing different to DOGE since the bottom.

[obsidian]

Wick to wick from 2021 peak.

Wick to wick from the recent peak is a -58% dump. That’s -58% after winning the biggest and years long law suit with the SEC.

It did nothing different to DOGE since the bottom.

You said it dropped -76% after winning the SEC case. The way I read that is you are saying since winning the case a few months ago it dropped 76%. But it dropped around 42%.

[gib]

XRP (or rather Ripple, who issued illegal securities in the form of XRP "tokens") didn't win any case against the SEC. The case is still running. However, there was one part of the judgement which many people without legal knowledge interpreted as being positive for the legitimacy (or non-illegality) of trading illegally issued securities. That part of the judgement was very obviously wrong, and the SEC will appeal, and obviously will win on that point.

[Mayday]

You said it dropped -76% after winning the SEC case. The way I read that is you are saying since winning the case a few months ago it dropped 76%. But it dropped around 42%.

I did. A poor error when I grabbed the wrong wick on my tiny iPhone screen.

The wick to wick dump post SEC is -58% on Kraken.

It did nothing different to DOGE but maxis with blinkers on can’t see that. And gib is right, it wasn’t a win for everything but only 1 part.

[obsidian]

XRP (or rather Ripple, who issued illegal securities in the form of XRP "tokens") didn't win any case against the SEC. The case is still running. However, there was one part of the judgement which many people without legal knowledge interpreted as being positive for the legitimacy (or non-illegality) of trading illegally issued securities. That part of the judgement was very obviously wrong, and the SEC will appeal, and obviously will win on that point.

It was a partial win for Ripple according to many sources. Here's what Judge Torres said:

"Torres ruled that Ripple's XRP sales on public cryptocurrency exchanges were not offers of securities under the law, because purchasers did not have a reasonable expectation of profit tied to Ripple's efforts.

Those sales were "blind bid/ask transactions," she said, in which buyers "could not have known if their payments of money went to Ripple, or any other seller of XRP."

The SEC appealed. We'll see what happens. Ripple can also appeal. btw.

Ripple Labs notches landmark win in SEC case over XRP cryptocurrency
https://www.reuters.com/legal/us-judge-says-sec-lawsuit-vs-ripple-labs-can-proceed-trial-some-claims-2023-07-13/

Gib, Bitcoin Maxis are their own worse enemies. All crypto projects need to stand together against the tyranny of governments. When has the SEC ever protected investors? Why are Bitcoin Maxis championing the SEC? Are they too dumb to realize governments will be coming after Bitcoin also if they succeed in suppressing alts?

Don't be divided and conquered! I want to see all crypto projects succeed, including Bitcoin.

[French]

I hold 1400 SOL in a hard wallet ledger.
I hope to be a millionaire one day.

[Griffith]

It was a partial win for Ripple according to many sources. Here's what Judge Torres said:

"Torres ruled that Ripple's XRP sales on public cryptocurrency exchanges were not offers of securities under the law, because purchasers did not have a reasonable expectation of profit tied to Ripple's efforts.

Those sales were "blind bid/ask transactions," she said, in which buyers "could not have known if their payments of money went to Ripple, or any other seller of XRP."

The SEC appealed. We'll see what happens. Ripple can also appeal. btw.

Ripple Labs notches landmark win in SEC case over XRP cryptocurrency
https://www.reuters.com/legal/us-judge-says-sec-lawsuit-vs-ripple-labs-can-proceed-trial-some-claims-2023-07-13/

Gib, Bitcoin Maxis are their own worse enemies. All crypto projects need to stand together against the tyranny of governments. When has the SEC ever protected investors? Why are Bitcoin Maxis championing the SEC? Are they too dumb to realize governments will be coming after Bitcoin also if they succeed in suppressing alts?

Don't be divided and conquered! I want to see all crypto projects succeed, including Bitcoin.

Correct.

But they are the equivalent of religious fundamentalists and attempting to debate with them is a waste of time.

They fail to understand basic human psychology and how a free market functions.

In their minds only one cryptocurrency can exist in a market which has zero competition, alternatives, choices or different uses for consumers.

[Flexacon]

XRP (or rather Ripple, who issued illegal securities in the form of XRP "tokens") didn't win any case against the SEC. The case is still running. However, there was one part of the judgement which many people without legal knowledge interpreted as being positive for the legitimacy (or non-illegality) of trading illegally issued securities. That part of the judgement was very obviously wrong, and the SEC will appeal, and obviously will win on that point.

Swallow the L brother Gib. Best not to say anything until it get overturned. (I agree with you btw, but from my own trading point of view I'd rather see the judgment stand)

[gib]

Great clip here:

i=Vb0006d2P863JfL9

[Mayday]

Anyway…..

Here is where I’m at for some narrowed down peak BTC price periods

April 2024
Mid-late 2027

[affeman]

Great clip here:

i=Vb0006d2P863JfL9

Yep, great clip, this tard who leveraged up his company to buy BTC at 50k and is down 2 billion at the moment must be in the know...

[obsidian]

Yep, great clip, this tard who leveraged up his company to buy BTC at 50k and is down 2 billion at the moment must be in the know...

Saylor is looking more and more haggard as time goes on. Dude must be drinking himself into a stupor every night!

[Mohammed Omari]

Just lol at all you dorkus malorkuses floundering around in a panic about your imaginary coins and how to launder money, etc. Ask me how much money I made last year through spice trading. I dare you.