Bitcoin / Cryptocurrency Discussion (And Predictions)

[Kevin88660]

lol surely not the only thing.

View attachment 54518

In the last hype cycle michael saylor was pitching to big companies to have btc in their treasury. If course it failed.

Now there is zero advancement in the “fundamentals”.

Of course with mounting debt and rate cut expectation risk assets go higher.

The rally is not driven by how much money wants to buy btc to hold. But rather excess liquidity relative to a small pool of btc in circulation in the crypto exchanges.

 

[NewManRising]

my predictions:
BTC 100K ATH
ETH 8K ATH
SOL $500 ATH

 

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[TinyTim]

In the last hype cycle michael saylor was pitching to big companies to have btc in their treasury. If course it failed.

Now there is zero advancement in the “fundamentals”.

Of course with mounting debt and rate cut expectation risk assets go higher.

The rally is not driven by how much money wants to buy btc to hold. But rather excess liquidity relative to a small pool of btc in circulation in the crypto exchanges.

I guess you haven't seen the ETF inflows?

 

[Bounce Back]

I'm Canadian bro, we hit the ATH!

View attachment 54565

**Oracle status secured

Listen everyone, you may not like what a bitcoin-oracle-wizard looks like but this is peak bitcoin-oracle-wizard.

 

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[Bounce Back]

Why is there a certain group of people in this thread that complain, spread negativity, mock people and crypto, and just generally make excuses for when there is a rally?

My belief is that:

A) They've lost money due to being an idiot investor/trader
B) Were too late in a cycle and now want to mock and insult others and crypto (jealous of their success)
C) A combination of the above

Maybe do something better with your time if you can't provide any value. None of the mocking, excuses or jokes are funny. You're annoying, seriously.

The universal law of bitcoin is that everyone gets bitcoin at the price they deserve.

Inversely, the amount of currency one loses in bitcoin is also the amount they deserve to lose.

 

[Jadpapi]

If individuals can’t understand that when the presidents of entire countries are hopping on the bandwagon that it’s not going anywhere, there is no hope for those types of people.

Regardless of the myriad of opinions that float around on it, I have made a nice return on it.

Are you this passionate about dissing people that buy stocks?

You still didn’t say any use for this worthless thing, when you buy stocks, you are buying stocks in real company. Still worthless answer, just like the crypto currency. It’s the biggest scam in out time. Doesn’t matter if you made a nice return it’s pure luck, and after the hype it will sink again, and it will hype again, till the government put at end to this scam.

 

[biophase]

because crypto is a scam you like it or not, you buy some, and wait for the next sucker to buy it for higher price. does it have any use in the real world not at all.

Same as baseball cards or artwork or classic cars.

Btw, if you can trade it for another currency it has value in the real world.

 

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[Jadpapi]

Same as baseball cards or artwork or classic cars.

Btw, if you can trade it for another currency it has value in the real world.

not the same at all for so many reasons. Anyway I don’t want to discuss this anymore. Because kids be responding to my post, then pretend like they don’t have time, then emojis this isn’t 2013 anymore, not my style. Good luck.

 

[Timmy C]

You wanna bet 1000$ to 1000$ this hype will end soon, and this worthless market will sink again, then the next wave of suckers will hype it again, and then

not the same at all for so many reasons. Anyway I don’t want to discuss this anymore. Because kids be responding to my post, then pretend like they don’t have time, then emojis this isn’t 2013 anymore,

Nah, your right. I'm wrong.
Have a good day man.

 

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[Jadpapi]

Nah, your right. I'm wrong.
Have a good day man.

I know this 100%

 

[EvanOkanagan]

not the same at all for so many reasons. Anyway I don’t want to discuss this anymore. Because kids be responding to my post, then pretend like they don’t have time, then emojis this isn’t 2013 anymore, not my style. Good luck.

We get it already. You lost money in crypto.

Regale us your mutual fund portfolio so we can make some real money

 

[NewManRising]

because crypto is a scam you like it or not, you buy some, and wait for the next sucker to buy it for higher price. does it have any use in the real world not at all.

Same could be said about any investment because that is how it works.
People have been saying crypto is a scam and a bubble but they have been saying this for over 10 years and it keeps going higher.

Maybe educate yourself about investments and also how cycles work...

 

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[Jadpapi]

Same could be said about any investment because that is how it works.
People have been saying crypto is a scam and a bubble but they have been saying this for over 10 years and it keeps going higher.

Maybe educate yourself about investments and also how cycles work...

There's 1000s of coins and many indeed are useless. Smart people know which ones are the winners. Unlike foolish people with money who take financial advice from Reddit or Twitter and drop all their money in a memecoin that pumps and dumps.

When you are buying particular coins you are investing in the tech. That is what crypto is, it's technology. And it does have value. In MJs books he talks about relative value and the reason why things like BTC, ETH, and SOL go up in price is because people perceive this relative value.

If people perceive value then that is all that is needed for them to hand over their money or invest in something. This alone is what makes people feel confident. The fact that so many others believe in the value.

People were saying BTC is a scam for over 10 years and the price keeps going higher. And when that has happened multiple times, the same ignorant people keep calling it a scam. If it isn't for you, fine, you can move on.

I am not smart enough, and this is why I never invested in crypto, and never will. I work in technology, and I am not smart enough to understand the technology behind it. Can you explain what exactly the technology behind crypto, and what problem does it solve?

 

[Timmy C]

There's 1000s of coins and many indeed are useless. Smart people know which ones are the winners. Unlike foolish people with money who take financial advice from Reddit or Twitter and drop all their money in a memecoin that pumps and dumps.

When you are buying particular coins you are investing in the tech. That is what crypto is, it's technology. And it does have value. In MJs books he talks about relative value and the reason why things like BTC, ETH, and SOL go up in price is because people perceive this relative value.

If people perceive value then that is all that is needed for them to hand over their money or invest in something. This alone is what makes people feel confident. The fact that so many others believe in the value.

People were saying BTC is a scam for over 10 years and the price keeps going higher. And when that has happened multiple times, the same ignorant people keep calling it a scam. If it isn't for you, fine, you can move on.

Save your breath. The guys not smart enough to invest in crypto as he doesn't understand it, (his words not mine) yet in the same breath says he is 100% sure its a scam.

 

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[Timmy C]

Since we’re being serious I actually hit my cash out number but can’t bring myself to

Interest rates are still high
Eth etf
Halving
The thread apps exchanges and socials are a little active but nothing like last time

We are around last times ath which tends to be the next rounds bottom

The worst case scenario is selling now then missing all the profit and buying back in a year or 2 at the same price which is the new bottom

Well worst case is it drops again and I didn’t cash out but that not going to happen.

That kind of thinking makes me think it’s sell time but I think it’s genuine and isn’t yet

Also to the person who said retail can do nothing to move prices now. What?? It was at this price last time with only retail. Now we will have retail and etf. And more retail because the etf makes it more legit and naturally retail grows each time anyway. Weirdest thing I’ve read.

If I’m being honest I kinda hate crypto now and can’t wait to be out and not think about it but I’m just big and greedy so I’m not going anywhere but the moon

That was me who said retail can't move anything now. I was referring to bitcoin and Ethereum not the other crap.

We only got up here due to greyscale, Michael saylor, etc.

All you have to do is look at the market cap of those coins to know that plebs like me and you and a bunch of others are investing peanuts. We don't move the price.

 

[Kevin88660]

The issue was, the last time when bitcoin was at 60k, a lot people are buying crypto, a lot people wanted to own crypto.

This time there isn’t repeat of that enthusiasm.

Wall Street money is in AI.

So what accounts for some of the elevated prices of the top tokens?

Washing trading, if you don’t know, is a common practice in crypto.

High Price is the best marketing tool, in crypto world.

I am not surprised if the crypto exchanges are behind this.

 

[Kevin88660]

How is nobody talking about the first ever bridge from TradFi into BTC through the ETFs?

Can you not see the volume of $USD flowing into these ETFs? They blew past gold and just about every single other ETF in record time. And show no signs of slowing.

Yet somehow it’s AI is the new shiny rock?

AI will go hand in hand with blockchain like it was love at first sight. That aside, the best price prediction for me comes from the Power Law

$100k is in line with the typical market conditions, you add in the ETF bridge to the Wall Street and … next bubble will come .

View attachment 54576

I was checking google trend.

Searches for AI was ballooning.

Searches for crypto and bitcoin was only a fraction of what it had been in 2021.

But indeed this is just my speculation.

If institutional money went into etf then it does not show up in google searches proportionately.

 

[Kevin88660]

It's silly at this point to repeatedly apologize for participating in this market.

But we're on an entrepreneurial forum and it has to be repeated ad nauseum that participating in the crypto market is not the same thing as owning and operating a business.

With that said.

If you want to participate and be opportunistic during opportunistic times, then do so with eyes wide open.

Crypto markets are a lot like gambling, but not entirely. And not all coins are the same.

In one way, BTC for instance, differs in that it offers an alternative store of value which is disconnected from central banking's inflationary operating system.

In that way, it has almost 15 years of experience in showcasing it's performance against fiat.

In that way, it is demonstrably useful.

In that way, I will continue to experiment with owning it.

If you want to buy, buy. If you don't, don't.

You can buy the top of any market, and sell the bottom likewise.

If you bought a bunch of inflated short-term rentals in Austin in 2021 and now you're upside down on your investment, is real-estate a scam?

If in 2024 you're still seriously debating whether BTC is a scam or not depending on what part of the market cycle we're at, maybe you're not as clever as you think you are.

Borderless finance itself is already a proven use case.

In the worst case even if anyone thinks crypto is nothing more than a casino, casino is still a lucrative business.

Crypto deserves more attention for business ideas rather than looking for the next 50x coin.

 

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[EvanOkanagan]

Something to ponder:

Microstrategy has a large enough market cap now that they could be listed on the S&P500.

If a Bitcoin ETF can propel the price of BTC in such a direction, imagine the effect of this..

 

[AceVentures]

Borderless finance itself is already a proven use case.

In the worst case even if you think crypto is nothing more than a casino, casino is still a lucrative business.

Crypto deserves more attention for business ideas rather than looking for the next 50x coin.

What I learned about DeFi from last cycle:

Automated Market Makers in the form of Liquidity Pools is a genius concept.

It's an efficient and useful design principle which kicks rent-seeking middle-management out from the value equation.

DeFi tokens are absolutely useless outside of gambling - because the real value in AMMs is shared between the liquidity provider and the user.

DeFi is real, is functional and has billions of dollars of liquidity to provide regulars folks like me and you access to international markets.

Something to ponder:

Microstrategy has a large enough market cap now that they could be listed on the S&P500.

If a Bitcoin ETF can propel the price of BTC in such a direction, imagine the effect of this..

So is buying Microstrategy stock at this point the same thing as buying a leveraged BTC position?

I still feel queasy about Saylor's strategy - not sure how/if it blows up.

He's got to de-lever at some point and distribute the profits.

Right?

 

[Ing]

How is nobody talking about the first ever bridge from TradFi into BTC through the ETFs?

Can you not see the volume of $USD flowing into these ETFs? They blew past gold and just about every single other ETF in record time. And show no signs of slowing.

Yet somehow it’s AI is the new shiny rock?

AI will go hand in hand with blockchain like it was love at first sight. That aside, the best price prediction for me comes from the Power Law

$100k is in line with the typical market conditions, you add in the ETF bridge to the Wall Street and … next bubble will come .

View attachment 54576

you are like all these youtubers
why does nobody see that inflow...
why does nobody see that bullflag...
why does...

of course everybody , who is a bit crypto related, sees that!

or am I missing out of some hidden gem?

 

[amp0193]

Can you explain what exactly the technology behind crypto, and what problem does it solve?

This book is a great primer, for Bitcoin anyways.

 

[srodrigo]

Finally my first $1 in the green. Gonna leave to choose lambo colour.

 

[MitchC]

https://twitter.com/i/web/status/1764874969878589569

View: https://twitter.com/intocryptoverse/status/1764874969878589569?t=qSypX39j4mzIHjl5uXQBhA&s=19

The only question is do we sell now and buy the pullback and then ride it to the moon?

Or do we not risk there being no pullback and just ride it to the moon?

 

[Ing]

From the point of view now, it seems , that the covid thing actually had a big negative influence on the crypto space. We are near ath much earlier than in the last cycle.
Could be the ETF thing, too.

https://twitter.com/i/web/status/1764874969878589569

View: https://twitter.com/intocryptoverse/status/1764874969878589569?t=qSypX39j4mzIHjl5uXQBhA&s=19

didn`t find that for 2017. you?

 

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[Ing]

The only question is do we sell now and buy the pullback and then ride it to the moon?

Or do we not risk there being no pullback and just ride it to the moon?

Your planning implements believing into repetation of history. The only way we can do.
So 2023 was so much different to 2019 (cost me some money because of that), that I don`t dare to sell now and wait for a pullback.
The other question is: where was really a pullback in 2020 other than the Covid swan pullback?

 

[Bounce Back]

We are officially in the bubble … how do I know?

1. This thread is talking again daily
2. crypto pop song?!

https://twitter.com/i/web/status/1765005184286040532

That isn't my kind of music but wow if that wasn't better than 99% of things on the radio these days. This is the "skater boy" of this generation.

 

[Timmy C]

From the point of view now, it seems , that the covid thing actually had a big negative influence on the crypto space. We are near ath much earlier than in the last cycle.
Could be the ETF thing, too.

didn`t find that for 2017. you?

I wouldn't say it's a negative. Just different.

We are all just gambling now though.

 

[Bounce Back]

Here's what I learned in 2017:

When Joe Cowboy is talking about "buying some o' them bitcoins" with the Ace Hardware cashier... it's a bubble.

It is until it isn't. If you believe it will do what it set out to do then it stands one time there will be real mass adoption.

 

[Bounce Back]

I suppose I could have clarified yeah not exactly like that but they will know of it. The thing about bitcoin is everyone thinks they are not the "Joe Cowboy" in that scenario but everyone learns about it at some point.