BITCOIN Discussion..........

[homie1975]

ETH. There's an upcoming upgrade that will lower fees and increase speed. If all goes will with the upgrade the ETH L2s such as MATIC will even do better. A spot ETH ETF is up for approval in May. It's 50/50 that it gets approved but it should in 2025.

SOL is another to keep an eye on. SOL is centralized and community is the most important thing as far as price. SOL MEME airdrops keep coming. In order to get the airdrops they force you to trade SOL and SOL tokens on SOL DEXs such as Jupiter. There's a Helium SAGA phone on SOL that's operational and partnered with Mobile and Telefonica.

Hot Damn Raiders this is incredible info. you are freaking wealth of knowledge on this subject LOL

 

[Wagerallsports]

Hot Damn Raiders this is incredible info. you are freaking wealth of knowledge on this subject LOL

He is indeed raiders knows his stuff

GL fellas hope your investments grow

 

[qurious$]

look at last 1Y move on BTC and ETH

BTC = 83%

ETH = 37%

don't fight it.

i own both but have a 4X larger position in BTC

Looking at past charts is no way to make a million. Come on.

 

[qurious$]

@homie1975

My question was, RIGHT NOW, TODAY, I have to make a decision to put $1,000,000 into either Bitcoin or Ether coins. With the goal of selling back to FIAT just before Christmas, 10 months from now. The only reason to choose BTC is the possibility of massive inflows from RIAs who have just begun adding BTC ETF to their little investment prospectus. I don't think that possibility can compare to the upside for Ether *in the next few months*.

A) ETF for Bitcoin finally happened last month, but price did nothing. It dropped. And I've heard all kinds of crazy predictions. 9 commentators out of 10 said it was going to the moon.

Why didn't it grow?

It's because BTC rise was priced in months ago - once *people in the know* knew there was no way for SEC to get out of having to approve the ETF. Because of the way our court system works. Because of how big BlackRock and other players are.

B) Looming Ethereum upgrade and ETF approval are yet to be priced in. Yes or no?

 

[homie1975]

@homie1975

My question was, RIGHT NOW, TODAY, I have to make a decision to put $1,000,000 into either Bitcoin or Ether coins. With the goal of selling back to FIAT just before Christmas, 10 months from now. The only reason to choose BTC is the possibility of massive inflows from RIAs who have just begun adding BTC ETF to their little investment prospectus. I don't think that possibility can compare to the upside for Ether *in the next few months*.

A) ETF for Bitcoin finally happened last month, but price did nothing. It dropped. And I've heard all kinds of crazy predictions. 9 commentators out of 10 said it was going to the moon.

Why didn't it grow?

It's because BTC rise was priced in months ago - once *people in the know* knew there was no way for SEC to get out of having to approve the ETF. Because of the way our court system works. Because of how big BlackRock and other players are.

B) Looming Ethereum upgrade and ETF approval are yet to be priced in. Yes or no?

if you are looking for crystal balls and quick money, I am not your guy.

sorry Bud.

GL.

 

[raiders72001]

@homie1975

My question was, RIGHT NOW, TODAY, I have to make a decision to put $1,000,000 into either Bitcoin or Ether coins. With the goal of selling back to FIAT just before Christmas, 10 months from now. The only reason to choose BTC is the possibility of massive inflows from RIAs who have just begun adding BTC ETF to their little investment prospectus. I don't think that possibility can compare to the upside for Ether *in the next few months*.

A) ETF for Bitcoin finally happened last month, but price did nothing. It dropped. And I've heard all kinds of crazy predictions. 9 commentators out of 10 said it was going to the moon.

Why didn't it grow?

It's because BTC rise was priced in months ago - once *people in the know* knew there was no way for SEC to get out of having to approve the ETF. Because of the way our court system works. Because of how big BlackRock and other players are.

B) Looming Ethereum upgrade and ETF approval are yet to be priced in. Yes or no?

One reason the price didn’t go up is that Grayscale was dumping bitcoin daily after the ETF approval. They dumped a total of $6b in Bitcoin.

The Bitcoin halving is the biggest event in crypto. The next 18 mos will be big but like homie said we don’t have a crystal ball so don’t know short term.

ETH and other large caps will outperform BTC. When the run is over, they will dump harder.

 

[raiders72001]

ETH hasn’t gone on a big run yet so the price isn’t built in. Macro events will be a catalyst for BTC short term movements to occur but long term it doesn’t affect anything.

Halving causes BTC inflation to lessen because increased supply is cut in half. Miners will start making 1/2 the money. Miner’s need the price to go up to make mining profitable.

 

[qurious$]

if you are looking for crystal balls and quick money, I am not your guy.

sorry Bud.

GL.

Tried to put you on the spot, lol

This is exactly what I would have replied ^^

We're just guessing. And 10 month guesses are much tougher than 10 year guesses IMHO

 

[qurious$]

ETH hasn’t gone on a big run yet so the price isn’t built in. Macro events will be a catalyst for BTC short term movements to occur but long term it doesn’t affect anything.

Halving causes BTC inflation to lessen because increased supply is cut in half. Miners will start making 1/2 the money. Miner’s need the price to go up to make mining profitable.

I tried using Bitcoin for bookmaker deposits back during COVID and I hated the network congestion and high fees which occurred at times. I bet relatively high (compared to an average poster, anyway) so it didn't affect the bottom line that much - however I'm all about optimizing.

Turns out that periods of time when a deposit cost me $10-15 (rather than $1-2) in miner fees, were the times when mining was profitable, which in turn enables the whole ecosystem. I'm glad bookmakers started accepting Litecoin and such. ETH, and especially BTC, shouldn't be used for high frequency transactions - or even medium frequency transactions like my bookmaker deposits that averaged $1000 at the time.

 

[raiders72001]

Tried to put you on the spot, lol

This is exactly what I would have replied ^^

We're just guessing. And 10 month guesses are much tougher than 10 year guesses IMHO

Short term we are guessing. Long term we're not. Everything revolves around the 4 year cycle.

 

[Ace7550]

Short term we are guessing. Long term we're not. Everything revolves around the 4 year cycle.

More wise words from Raiders

 

[raiders72001]

I tried using Bitcoin for bookmaker deposits back during COVID and I hated the network congestion and high fees which occurred at times. I bet relatively high (compared to an average poster, anyway) so it didn't affect the bottom line that much - however I'm all about optimizing.

Turns out that periods of time when a deposit cost me $10-15 (rather than $1-2) in miner fees, were the times when mining was profitable, which in turn enables the whole ecosystem. I'm glad bookmakers started accepting Litecoin and such. ETH, and especially BTC, shouldn't be used for high frequency transactions - or even medium frequency transactions like my bookmaker deposits that averaged $1000 at the time.

Fees are cheaper late night, early morning US time. Prices are normally lower on the weekends. https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3y List of some of the fees.

 

[homie1975]

Tried to put you on the spot, lol

This is exactly what I would have replied ^^

We're just guessing. And 10 month guesses are much tougher than 10 year guesses IMHO

in this space, i like 10 year guesses better, but more specifically 6 year guesses to 2030.

 

[homie1975]

someone in here i believe said BTC would go back to 35K before hitting 45K again.

they were wrong.

 

[Ace7550]

It’s dead I’ve been saying it for years

JJ?

 

[qurious$]

someone in here i believe said BTC would go back to 35K before hitting 45K again.

they were wrong.

GBTC sold off. Now 50-60 mln a day not 500 like it was just after ETF approval.

Miners sold off. This was just a speed bump. 70k is an easy target by Christmas, and more likely it's 90 than 50 IMHO

 

[qurious$]

ETH hasn’t gone on a big run yet so the price isn’t built in. Macro events will be a catalyst for BTC short term movements to occur but long term it doesn’t affect anything.

Halving causes BTC inflation to lessen because increased supply is cut in half. Miners will start making 1/2 the money. Miner’s need the price to go up to make mining profitable.

Is there any chance... any chance at all, that mining becomes SO centralized, that miners will be able to push their agenda, forcing the price to go up artificially? Like Polish farmers blocking the roads and forcing the government to change legislation, effectively putting a ban on Ukraine flooding the market with cheap grain?

 

[raiders72001]

Not on that list to look at.

SOL
TIA
SEI
SUI
BEAM
HNT

some really risky
MYRO
SAMO
JUP
HXD

Last 7 days

SOL +19.8%
TIA +10.4%
SEI +22.9%
SUI +14.7%
BEAM +73.2%
HNT +27.5%

some really risky
MYRO -.7%
SAMO +18.2%
JUP +1.1%
HXD +10.1%

There will be a dump but nice week.

 

[raiders72001]

Is there any chance... any chance at all, that mining becomes SO centralized, that miners will be able to push their agenda, forcing the price to go up artificially? Like Polish farmers blocking the roads and forcing the government to change legislation, effectively putting a ban on Ukraine flooding the market with cheap grain?

Definitely. They already do since some of the big mining outfits work together.

 

[raiders72001]

Crossed $50k