Bitcoin / Cryptocurrency Discussion (And Predictions)

[MitchC]

Ehh, yeh I mean I can see the want to cash out.

I have just been sitting on bags for so long that I feel like selling at some point aswell.

Or taking some off the table at least.

Pretty much

You sell it goes up more

You buy it goes lower

You sell at the top another coin gained higher, or you should have used leverage, or invested more money

Look at todays gainers on Binance

Pepe coin up 25% in a day

Highest volume is solana btc Eth, and then Pepe shiba and doge, some of those higher than solana

Really not something I want to be involved in anymore but I know I’m missing a huge amount of easy money

 

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[Antifragile]

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.

I think I am very funny.

Others who don’t:

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.

Peter Schiff, what on earth are you doing on this forum?

 

[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.

 

[Antifragile]

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.

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 .

 

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[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.

 

[AceVentures]

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.

 

[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?

 

[MJ DeMarco]

At this point I view BTC as an insurance policy, like an equity or index option.

With the national debt growing a $1T every 100 days, fiat money needs insurance. The USD has become trash because our political system (and the Fed backstopping it) is trash.

For me, that is real estate, assets backed by tangibles, and even a little bit of BTC.

The point of insurance is you pay it and don't expect a return. If it does return $$, then something has gone horribly wrong.

 

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[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?

 

[Ing]

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

and than? going to zero and dying?

 

[Ing]

At this point I view BTC as an insurance policy, like an equity or index option.

With the national debt growing a $1T every 100 days, fiat money needs insurance. The USD has become trash because our political system (and the Fed backstopping it) is trash.

For me, that is real estate, assets backed by tangibles, and even a little bit of BTC.

The point of insurance is you pay it and don't expect a return. If it does return $$, then something has gone horribly wrong.

Insurence backuped by a casino? ok, works!

 

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[Antifragile]

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?

What you may be missing is the history of GBTC.

Grayscale has been “locked” investment and now people are running away, selling their bags from there. It’s crazy how much they have and how much they sold and keep selling!

It’s even crazier to see that other ETFs more than absorbed it.

So when will GBTC become irrelevant? What happens then?

I’m not here to tell you what to do. I’ve had a private chat with a forum member on this forum and explained that even if I took my entire net worth in 2009 and dumped it into BTC, I still made more from my businesses!!! Let that sink in.

Crypto for me is two things:
1) fun with the new tech
2) what @MJ DeMarco said here about BTC

At this point I view BTC as an insurance policy, like an equity or index option.

With the national debt growing a $1T every 100 days, fiat money needs insurance. The USD has become trash because our political system (and the Fed backstopping it) is trash.

For me, that is real estate, assets backed by tangibles, and even a little bit of BTC.

The point of insurance is you pay it and don't expect a return. If it does return $$, then something has gone horribly wrong.

Bullseye. Same here.

 

[Ing]

What you may be missing is the history of GBTC.

Grayscale has been “locked” investment and now people are running away, selling their bags from there. It’s crazy how much they have and how much they sold and keep selling!

It’s even crazier to see that other ETFs more than absorbed it.

So when will GBTC become irrelevant? What happens then?

I’m not here to tell you what to do. I’ve had a private chat with a forum member on this forum and explained that even if I took my entire net worth in 2009 and dumped it into BTC, I still made more from my businesses!!! Let that sink in.

Crypto for me is two things:
1) fun with the new tech
2) what @MJ DeMarco said here about BTC




Bullseye. Same here.

I ve read about that GBTC many times, yes.

Btw, these ETFs are an USA thing. in the rest of the world BTC ETFs already existed.
But its astonishing, how this big US money influences the market.
On the other hand, last cycle, in 2020, the BTC price was smashed down by the Covid thing. without that down jump, we would have been at the same level as today.

Imo the money you make with cryptos, is no easy money. I ve seen so many ppl just loosing money. I think, its the same as with business. Without the knowledge you won t get any up.

I myself have made with cryptos multiple times the money I did with any business the last years. But I must admit, regarding business , you are another league.

The comparison with the youtubers shouldn `t offend you, I just had to smile, when reading it.

edith: I shouldn`t write in a crypto thread, sorry. I m out.

 

[Antifragile]

I myself have made with cryptos multiple times the money I did with any business the last years. But I must admit, regarding business , you are another league

Don’t misunderstand me please. I do well in business, but I’m no “big fish” either. My point was that just about any business that meets CENTS to some decent degree will all but guarantee you millions in profits. You can’t make that in crypto because no one knows the next “big thing” and it’s a bit like gambling with bad odds. Business odds are fundamentally so in your favour that it’s 100x easier to make 10,000% return on investment in your business (precisely because you don’t need to get lucky!).

Hope this makes sense.

Also, my example isn’t as good as it may seem on first blush. I had so little in 2009 that it was a low bar lol.

 

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[MitchC]

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.

Google trend being low should be a signal that the price is going to go higher. The price is currently high and the trend is still low, as the trend increases to and past prior levels as interest in it builds up again so should the price.

If ai has any impact hopefully all the scammers are busy making ai bs this time around rather than making shitcoins and nfts, I doubt it though

 

[Timmy C]

Google trend being low should be a signal that the price is going to go higher. The price is currently high and the trend is still low, as the trend increases to and past prior levels as interest in it builds up again so should the price.

If ai has any impact hopefully all the scammers are busy making ai bs this time around rather than making shitcoins and nfts, I doubt it though

Yeh and the fear and greed index is extended but last time that happened BTC still rallied 3X further.

There are many times when we seen a pullback when it was this extended also.

Still should be cautious though, and be objective about the fact we are extended already.

 

[Mr. Tycoon]

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.

also ..doesn't understand technologies but his all in in NVIDIA

 

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[Mr. Tycoon]

At this point I view BTC as an insurance policy, like an equity or index option.

With the national debt growing a $1T every 100 days, fiat money needs insurance. The USD has become trash because our political system (and the Fed backstopping it) is trash.

For me, that is real estate, assets backed by tangibles, and even a little bit of BTC.

The point of insurance is you pay it and don't expect a return. If it does return $$, then something has gone horribly wrong.

MJ, being smart money, would purchase $10,000,000s+ worth of BTC in one go in the near future. Despite being late to the party , his primary goal is to protect his wealth. Once he executes his purchase , other businesses, HNWI, etc will likely come to the same realization, pushing the price of BTC to the moon. BTC price would melt brains again.

He has come to the realization that only BTC is the real deal, unlike shitcoins, alts, crypto, blockchain- all scams! USD\ fiat- the biggest scam of all!

He will go ALL IN on BTC.
His orange pill moment is coming sooner that he realize. He will be fully Unscripted only then.

Unfortunately, the average dude with no assets in their name will experience a breakdown, mega rekt !! Those who are currently wealthy in dollars $ terms would see their fortunes go down the toilet as well! The hyperinflation would kill them as instantly. You will be too scared to act accordingly by that time.

It sends shivers down my spine just thinking about the day when I'll read MJ's post about his mega purchase and realize that so many people will enter a zombie-like state on this forum.

BTC is not..
a trade
a capital allocation,
an investment,
a diversification,
a technology,
a project,
a toy,
a curiosity to play with.
You will be mega rekt! As we can see so many people having meltdown here on this forum all the time. This is only the beginning.

BTC is a tool for freedom and power.

The all financial world is rebuilding on BTC network as we speak.

BTW, real estate got cheaper again for me in 2024. Guess why?

But, everyone can do whatever the f@ck they want.

 

[EvanOkanagan]

Bitcoin ATH in USD tomorrow.

 

[Timmy C]

Bitcoin ATH in USD tomorrow.

The guru has spoken.

 

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[Timmy C]

Bitcoin ATH in USD tomorrow.

Guru is about to get crowned.

 

[Antifragile]

Bitcoin ATH in USD tomorrow.

The all-time high for Bitcoin in USD is $68,789.77, which was reached on November 10, 2021. However, considering the inflation since then, the equivalent ATH in today's value would be around $78,000 USD.

Today was the 2nd biggest volume trading day for the spot BTC ETFs.

The ETFs are holding about $20B right now.

The Stanford Endowment has bought Bitcoin and Bitcoin is now ~7% of the portfolio.

Guru is about to get crowned.

Yes, we are just a few hundred bucks away.

The last time it was at this level, Fed rate was about 0.25% and now it's ... 5.25%.. different, isn't?

Unreal.

 

[Antifragile]

Boom

Finally!
.
.
.

I’m no longer losing money on my BTC buys. Yeah! Fastlane….

 

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[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.

 

[Timmy C]

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

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

 

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[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?

 

[Timmy C]

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?

I'm just gonna hold to be honest.