Even if it dumps 40% it’s still at 20k which was the all time high up until 16 days ago. Literally everyone except those that jumped in over Christmas would still be in profit.

lol @ thinking ethereum wont fukin taking off in the near future

theres lots of great tech coins but the truth is this industry is heavily influenced by market hype and first movers advantage

ETH and BTC will be household names within 5 years and counting. other coins will join the list but BTC and ETH are here to stay

Time to take some profits imo...

It needs some kind of consolidation, NOTHING ever just keeps going up. It doesn't even have to correct tbh, just freaking consolidate for more than a day.

Money's gotta go somewhere for yield. Bonds yield 0 dollars. P/E ratios for the right stonks are at obscene levels. Real estate is supply constrained and CAP rates are in the chitter. Gold is for boomers. If whales cash out of BTC, where are they gonna put it for a better bet?

XRP lol.

Doge leading the charge, getting them market top vibes.. unless we are blessed with alt season.

My body is ready

Within the next few days I think you might be getting that consolidation you are hoping for, charts are looking dangerous

I'm not getting those vibes at all. This feels more like when BTC was on it's rise to 10k and everyone was in disbelief constantly trying to time the top. These percentage moves are nothing compared to 2016 - 2017. The top is when everyone starts fomoing into alts.

Interesting thread, this

account yield farms with $200m+

^^ This is my thoughts currently.

This is like the opposite of catching a falling knife.....

Bitcoin is literally garbage ancient tech with a cult following.

No. PoW is better than PoS/DAG/Block-lattice for SOVs. Every coin has a cult. In my experience Eth maxis are infinitely worse than BTC maxis.

Store of value is literally a meme the community came up with to cope with how bad bitcoin actually is at doing whats its original purpose was, yet it was the first blockchain so thats why its still being “used”

Lmfao at store of value being a meme. Everything about BTC points it to being the hardest money (i.e. best SOV) there is in the cryptoasset basket. We have probably $20b of insitutional funding with more to come in Bitcoin. This doesn't happen because it is 'the first blockchain'. Its a genuine SOV that has proven its security, value prop, unassailable monetary policy over 11 years.

What you see as unchanging old tech is a feature not a bug for hard money. When I choose a medium to store wealth, I want it unchanged and predictable.

If you are interested (i suspect not), the articles below are a good primer on the history of money/sovs and why BTC meets the criteria.

********************/@vijayboyapati/th...in-6ecc8bdecc1
********************/john-pfeffer/an-i...s-690421158904
https://web.archive.org/web/20140723...bitcoin-money/

You don't need to take it from me though, you can take it from these billionaires (i.e. people who know how to make money) that choose to store a portion of their wealth in BTC.

Paul ****ing Tudor Jones investment thesis:
https://www.scribd.com/document/4603...ook#from_embed

Wences Casares investment thesis:
https://www.scribd.com/document/4603...ook#from_embed

Stanley Druckenmiller (legendary billionaire hedge fund manager flipping his position on BTC):
https://www.forbes.com/sites/billyba...h=16518b59222f

Ricardo Salinas Pliego (worth $12.8b putting 10% in BTC as a hedge)
https://www.forbes.com/sites/billyba...h=16763d78258d

Grayscale Bitcoin Trust (publically traded ETF) now holds $15b in BTC:
https://seekingalpha.com/article/439...es-new-heights

I can promise you with 100% satisfaction guarantee that Ethereum will have the same story in 10 years since it was the first smart contract blockchain, the most used smart contract blockchain by an enormous amount, and the most famous smart contract blockchain.

There is mounting evidence to suggest otherwise:
- see compound chain moving off ethereum
- see polkadot (who have yet to deploy XPCM and parachains) skyrocket to number 5.
- see serum traction on solana
- see Rune + Terra money traction on Cosmos ICM.
- see the blockchain agnostic erc-20 layer exceed the total valuation of ETH (validation of the thin protocol thesis********************/@ivan.klianev/pre...e-11144399c288)

The fee model is designed for there to be multiple competitors. I literally don't give a **** who runs the base layer when I use Uniswap, all want is to be able to swap my tokens like any rational end-users. 99% of people don't know all the tech/hardware used in a wire transfer, why would a user care here.

Did some calculations and this is the best I could come up with for a forecast.

Even if a person believes that POW is superior to POS, then there are better POW cryptos than Bitcoin. Like BCH, BSV, Monero, Smartcash, and Zcash.

Bitcoin has had 2 inflation bugs, and is significantly slower and more expensive that those other cryptos I just mentioned. Bitcoin honestly is trash tech compared to those, but it's superiority lies in it's brand recognition and it's liqudity.

If you've ever used Bitcoin Cash vs Bitcoin you'll know exactly what I'm talking about when I say it's faster and cheaper.

Monero is private whereas Bitcoin is an open ledger.

IMO Bitcoin's best use is 'digital gold', IMO it's gone away from it's original intended purpose. The developers kept the blocksize small which prevented scaling, which created forks like Bitcoin Cash and BSV.

Questions for the experts: What do you guys do in case of dust attacks? I freeze the corresponding coins, is this still the recommended action?

Sitting here on a Sunday morning with my coffee LMAOing @ this 1 hour green dilly on ETH just hammering upwards.

It will go back down, just need some negative news to trigger the dump. Believe me, negative news is coming soon.
ETH and Btc are both a mess, but I hold ETH since at least it has utility and potential, but it´s gonna be a mess to upgrade.

DOGE is worth over a billion dollars, you know we are in a bubble. We still have a bear market in front of us imo. Everything is way overvalued. This crazy casino can´t go on forever. The coming regulations will bring the market back down to reality.

Lol at Litecoin being worth 10 billion. Completely 100% irrational. #Bubble

but when pop? eth 6k so i can get out at 4k lol?

Doubtful. Who knows when it will pop. Bunch of bearish events coming over the next few months.
What really makes me sick to my stomach is how mainstream media is in on the pyramid scheme, pushing bitcoin/crypto news all over the place. Certian media want normies to buy so the pyrmid can grow, so they can eventually be dumped on. Disgusting behavior by crypto influencers and media.

ETH is clogged up with scam after scam. So much worthless chit has been developed on top of ETH.

Traded my btc for ETH for the time being. Was it a bad move? Who knows? All I know is I'm gonna ride this chit up and hop off asap with profits, if I can.

Ofc it will come down eventually. Financial prophecy is like astrology. Just be vague enough to always be right.

Is it that time bros

the whole world is fked anyway, make money and live it up while we still can i guess.

lol saw a bitcoin atm at the bottle redemption yesterday

Yes, of course. But it seems like some folks in here forget about that. People talking about a new paradigm



Just read a bitcoin maxi say that bitcoin mainly function as a store of value. What a lie. It mainly functions as a speculative pump and dump.

Looks like a good move so far eth is pumping

Feels like 2017 all over again.

ETH pumped to ATH a month later after BTC popped.

All this chart proves is that it's extremely volatile. But until now, no hodler has lost any value, ever. Sounds like a pretty good store of value to me.

The difference is that btc is still pumping.

This is madness!

Eth bros we finally gettin our pump.

Straight line to $1400, then explosive rally above?

The insane amount of people calling for a correction around here has me very bullish RN.

If BTC continues to break ATH, then I'm bullish.

But rn, it looks like late 2017.

BTC is the leading indicator.