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

[Mayday]

I do love my kilo bars though...

Hahaha nicely done.

Rich cnt lol

[Theoak*]

Huh? What was I wrong about?

You dont agree with the shitcoiners that eth will hit a 10trillion market cap EOY.

[gib]

You dont agree with the shitcoiners that eth will hit a 10trillion market cap EOY.

Lol - well that I agree with. Its certainly very unlikely.

I view eth as a (eventually and inevitably) free protocol for smart contracts. That is not to say though that in the short term people will not trade in its tokens and ascribe some sort of monetary value to them. I think people are confusing cool technology with tokens having any kind of inherent value, but Eth could well still rise substantially on this basis.

[obsidian]

Lol - well that I agree with. Its certainly very unlikely.

I view eth as a (eventually and inevitably) free protocol for smart contracts. That is not to say though that in the short term people will not trade in its tokens and ascribe some sort of monetary value to them. I think people are confusing cool technology with tokens having any kind of inherent value, but Eth could well still rise substantially on this basis.

Who says it will be a free protocol for smart contracts? Can you elaborate? This makes zero sense. Sounds like this article from a Bitcoin Maximalist. What is your background? Do you have a PHD in computer science?

https://techcrunch.com/2018/09/02/the-collapse-of-eth-is-inevitable/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMvUp7AEW0lOSeCXbRtZ_wTsayje8K45ZVAczNxyEN5YPIEqfAi9-LU6R6Y4xPYPMXQYXRYOkgkmcoTSFRWXH2kuj8HOKo6mKQitYTCef05AkZjr8hte_9fZVWSXHfQfg55R1pZpBSymdsgiu6-Xzah8OFmq5kWDuLJkt_gCXGg7

You are also forgetting the network effect. If people or institutions buy Ethereum with hard earned cash why would this network affect suddenly disappear? Right now it cost close to $1900 to buy 1 Ethereum. That means it is relatively hard for people living paycheck to paycheck to acquire even 1 Ethereum. Supply and demand is driving the price just like Bitcoin's.

If Ethereum goes to zero the very same thing could happen to Bitcoin. I fail to see how it would somehow be immune. Bitcoin was originally intended as a currency but the narrative changed to where it is becoming a store of value. The same thing could happen to Ethereum and I would argue has already started. After all 1 ETH has reached an ATH over $1,900.

[obsidian]

Say what you want about Mark Cuban, he's still a Billionaire.

https://thedefiant.substack.com/p/mark-cuban-eth-has-an-advantage-over-12f

Mark Cuban: "ETH Has an Advantage Over BTC as a Store of Value"
Cuban talks about why he's bullish on DeFi in this week's Defiant podcast.

In this week’s Defiant podcast episode, I speak with Mark Cuban, Dallas Mavericks owner, billionaire investor and Shark Tank star —and Defiant subscriber

It’s been hard to pin down if Cuban is a crypto skeptic or believer. He has questioned the value of bitcoin and called its price surges a bubble, but he has also accepted crypto payments for his basketball team, and tweeted about using Aave and selling NFTs. You’ll have no doubt after listening to this interview where he stands: Cuban is a crypto bull, but more specifically a DeFi and Ethereum bull.

He says his general stance hasn’t really changed; he still believes bitcoin can’t be used as currency, but thinks its underlying narrative has strengthened, to become powerful enough to support it as a store of value.

But what he’s really excited about is smart contracts, which are allowing developers to make any decentralized application they can dream of, sparking innovation and compounding network effects, and most importantly, laying the foundation for what he calls “friction-free banking.”

Because most of this innovation is happening on Ethereum, he believes ETH is becoming a better store of value than BTC.

We talk about NFTs and how he believes they’ll be a game-changer, predicting digital collectibles will overtake the physical collectibles market. We also talk about DAOs, and he muses how much better Wall Street Bets would be if it was a blockchain-based forum where users could pool their tokens and invest together.

Cuban also goes over his takeaways after using DeFi dapps like Aave, and talks a bit about his portfolio, which right now holds more Bitcoin than Ether. But that may change. He says when there are pullbacks, he’s buying more ETH, not BTC.

[obsidian]

How high can Binance Coin go? It has been shooting up like crazy and the tokens are being burned so will become more scarce. I've had BNB for over 3 years when it was $8. Now it is approaching $200! Just wish I had gotten more of it. I recently sold some ETH for BNB. BNB has outperformed Bitcoin and Ethereum the past year. Cardano has outperfomed all by a huge margin. Dogecoin outperformed Cardano! 

Based on the returns Dogecoin was a better investment than Bitcoin the past year lol! By a lot!

https://www.theblockcrypto.com/linked/91714/binance-quarterly-token-burn-highest-ever

[obsidian]

[Theoak*]

Who says it will be a free protocol for smart contracts? Can you elaborate? This makes zero sense. Sounds like this article from a Bitcoin Maximalist. What is your background? Do you have a PHD in computer science?

https://techcrunch.com/2018/09/02/the-collapse-of-eth-is-inevitable/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMvUp7AEW0lOSeCXbRtZ_wTsayje8K45ZVAczNxyEN5YPIEqfAi9-LU6R6Y4xPYPMXQYXRYOkgkmcoTSFRWXH2kuj8HOKo6mKQitYTCef05AkZjr8hte_9fZVWSXHfQfg55R1pZpBSymdsgiu6-Xzah8OFmq5kWDuLJkt_gCXGg7

You are also forgetting the network effect. If people or institutions buy Ethereum with hard earned cash why would this network affect suddenly disappear? Right now it cost close to $1900 to buy 1 Ethereum. That means it is relatively hard for people living paycheck to paycheck to acquire even 1 Ethereum. Supply and demand is driving the price just like Bitcoin's.

If Ethereum goes to zero the very same thing could happen to Bitcoin. I fail to see how it would somehow be immune. Bitcoin was originally intended as a currency but the narrative changed to where it is becoming a store of value. The same thing could happen to Ethereum and I would argue has already started. After all 1 ETH has reached an ATH over $1,900.

Would you like to make a 10k aud bet right  now that eth wont touch 20k by the EOY.  I hold a substantial amount of ETH  only because  I got into it at sub 40$ range.
I can pay you in ETH if you win. Anything under  20k by jan 1 2022 and you pay me out.

[Humble Narcissist]

I should start my own cryptocurrency.  There are obviously enough stupid people who are more than happy to invest in imaginary money.

[Bindare_Dundat]

Would you like to make a 10k aud bet right  now that eth wont touch 20k by the EOY.  I hold a substantial amount of ETH  only because  I got into it at sub 40$ range.
I can pay you in ETH if you win. Anything under  20k by jan 1 2022 and you pay me out.

It would have to add 2000 dollars every month to get to 20grand by the end of the year. Not a chance at this rate. Even 10 grand would be a huge accomplishment.

[obsidian]

Would you like to make a 10k aud bet right  now that eth wont touch 20k by the EOY.  I hold a substantial amount of ETH  only because  I got into it at sub 40$ range.
I can pay you in ETH if you win. Anything under  20k by jan 1 2022 and you pay me out.

Thanks for the offer but I don't bet like that. I learned years ago that casino's are not for me. When I visited Vegas I was their worse customer. Ate all their good cheap food, watched a few shows and that was it. I may have dumped $1 in coins in a slot machine.

I also don't want to jinx Ethereum so I will use reverse psychology and say there is now way in hell Ethereum goes to $20,000 by the EOY. 

[obsidian]

It would have to add 2000 dollars every month to get to 20grand by the end of the year. Not a chance at this rate. Even 10 grand would be a huge accomplishment.

Bitcoin did that in 2017. Bitcoin just recently added $20,000 in about 2 weeks?! If you look at past history Ethereum has made some epic moves. In 2017 it went in about 1 year from +/- $9 to $1353.55. What is that a 15,039% increase in 1 year?! If Ethereum repeated that run in 2021 it would end 2021 at $285,749.44!

[obsidian]

New ETH ATH so far of $1,928.86 per coinranking.com

https://www.cnbc.com/2021/02/18/ether-eth-hits-record-high-as-bitcoin-btc-rally-continues.html

Ether, the world's second-largest digital currency, hit a record high on Thursday, driven up by the continuing rally in bitcoin.

The price of ether hit $1,918.52 during morning trade in Asia but has since pared some gains, according to CoinDesk data. It was trading at $1,883.58 at 12.14 p.m. Singapore time, up around 8%.


Ether has seen a year-to-date price rise of 160% compared to bitcoin's 78% surge in the same period.

But it is the rally in bitcoin — which surpassed $52,000 for the first time on Wednesday — that's helping to push up ether as well.

"The ether slingshot is in motion, with the number 2 coin looking cheap and posed to surge relative to bitcoin's $52k level," Jehan Chu, co-founder of cryptocurrency focused venture capital and trading firm Kenetic Capital, told CNBC.


Ether is the digital coin that powers the ethereum network. Developers can build apps upon ethereum's network.

In that way, ethereum works as a kind of decentralized software platform, which is different to bitcoin, which is designed to just be a currency or store of value. But it's similar to bitcoin in that it is underpinned by so-called blockchain technology.


While there is no single factor for Thursday's price rise, there have been a few developments going on in the background.

Last year, an upgrade called Ethereum 2.0, was launched for the network. Proponents argue this should help ethereum, and the coin ether, to become bigger. The upgrade is still rolling out.

And this month, derivatives exchange CME (Chicago Mercantile Exchange) launched ether futures, potentially opening the doors for more institutional investors to get in on the action.

"Despite ongoing complaints about Ethereum network fees, it remains the go-to destination for all blockchain applications," Chu said.

[obsidian]

I should start my own cryptocurrency.  There are obviously enough stupid people who are more than happy to invest in imaginary money.

That's not how it all works. I know a little about computers and have no idea how to program a blockchain. Can you program? Do you know how to program a variety of applications that can run on a blockchain?

Fiat currencies is imaginary money.

[Mayday]

Would you like to make a 10k aud bet right  now that eth wont touch 20k by the EOY.  I hold a substantial amount of ETH  only because  I got into it at sub 40$ range.
I can pay you in ETH if you win. Anything under  20k by jan 1 2022 and you pay me out.

Be careful of that wager.

It will most likely need the turn of the year to reach it if it’s a double peak.

Why not say 6k and then you’ll shit it in

[gib]

Who says it will be a free protocol for smart contracts? Can you elaborate? This makes zero sense. Sounds like this article from a Bitcoin Maximalist. What is your background? Do you have a PHD in computer science?

https://techcrunch.com/2018/09/02/the-collapse-of-eth-is-inevitable/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMvUp7AEW0lOSeCXbRtZ_wTsayje8K45ZVAczNxyEN5YPIEqfAi9-LU6R6Y4xPYPMXQYXRYOkgkmcoTSFRWXH2kuj8HOKo6mKQitYTCef05AkZjr8hte_9fZVWSXHfQfg55R1pZpBSymdsgiu6-Xzah8OFmq5kWDuLJkt_gCXGg7

You are also forgetting the network effect. If people or institutions buy Ethereum with hard earned cash why would this network affect suddenly disappear? Right now it cost close to $1900 to buy 1 Ethereum. That means it is relatively hard for people living paycheck to paycheck to acquire even 1 Ethereum. Supply and demand is driving the price just like Bitcoin's.

If Ethereum goes to zero the very same thing could happen to Bitcoin. I fail to see how it would somehow be immune. Bitcoin was originally intended as a currency but the narrative changed to where it is becoming a store of value. The same thing could happen to Ethereum and I would argue has already started. After all 1 ETH has reached an ATH over $1,900.

Morning! No time for a long response. I have addressed my thoughts in prior posts. PLease take a look over the last few weeks posts. Gotta go!

[Theoak*]

Be careful of that wager.

It will most likely need the turn of the year to reach it if it’s a double peak.

Why not say 6k and then you’ll shit it in

Im offering you the same wager. Make it 20k because you got  skin in th3 game. Judging by your lingo youre definately Australian. Ill hand deliver the dirty fiat even.

[Humble Narcissist]

That's not how it all works. I know a little about computers and have no idea how to program a blockchain. Can you program? Do you know how to program a variety of applications that can run on a blockchain?

Fiat currencies is imaginary money.

Really?  I use fiat currency everyday to buy goods and services.

[SOMEPARTS]

Im offering you the same wager. Make it 20k because you got  skin in th3 game. Judging by your lingo youre definately Australian. Ill hand deliver the dirty fiat even.

The gambling gene showing itself here....the appeal of BTC is to the easy money crowd at this point. Bernie Bro money...

[Griffith]

https://www.techradar.com/uk/news/coinbase-will-soon-allow-users-to-earn-interest-on-ethereum

Coinbase will soon allow users to earn interest on Ethereum

Cryptocurrency exchange Coinbase has launched a waiting list for users that would like to earn interest on Ether (ETH) held in their account wallet.

As per a recent blog post, the firm will soon introduce a staking facility that will allow customers to set aside a portion of their holdings to be funnelled into the new-look Ethereum network, where it will be used to keep the system well-oiled and secure.

The exchange claims participants could earn interest of up to 7.5% on the amount staked, but will be unable to sell or transact using the allotted Ether for the moment. However, there will be no staking minimum, so users can pledge as little or as much as they like.

[Bindare_Dundat]

Still find it funny that as soon as f2pool gets called out the price of ETH starts going up. 

[Thin Lizzy]

Finally had the pullback day.

[Mayday]

Im offering you the same wager. Make it 20k because you got  skin in th3 game. Judging by your lingo youre definately Australian. Ill hand deliver the dirty fiat even.

I’m heavy ETH. I am pro 20k target ETH in this uptrend.

I can’t wager on the time because I can’t see enough favour in my odds but I think it will be either December or early 2022. It will be close.

the 100k peak this uptrend has almost been crushed by underlying data and market behaviour already.  The 100k was based on a 40k floor price and we are already at 30.3k with a 52k market price. We will soon know whether a 500k/40k blow off top is the new target this round.

My gut is telling me this uptrend is ended by govt intervention which will make the ‘risk’ of possible banning very, very real and result in a crash. Perhaps we see a regulation of the ability to move crypto to and from exchanges that causes a run for the exits as people looking to dodge tax while they still can.

[Bindare_Dundat]

I’m heavy ETH. I am pro 20k target ETH in this uptrend.

I can’t wager on the time because I can’t see enough favour in my odds but I think it will be either December or early 2022. It will be close.

the 100k peak this uptrend has almost been crushed by underlying data and market behaviour already.  The 100k was based on a 40k floor price and we are already at 30.3k with a 52k market price. We will soon know whether a 500k/40k blow off top is the new target this round.

My gut is telling me this uptrend is ended by govt intervention which will make the ‘risk’ of possible banning very, very real and result in a crash. Perhaps we see a regulation of the ability to move crypto to and from exchanges that causes a run for the exits as people looking to dodge tax while they still can.

To the moon by Monday. Lol

[obsidian]