 Source : Plan BTC Juat Stay there. Lowest points on the chart (blue) Rough magnitude values $2 $200 $2000 $20000 (17k blah blah) Something to think about... |
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Bitcoin went from $500 to $69000 in the last 5 years (eyeballing chart). That's 138x I think 1.5x the last ATH is a very low estimate for the next 5 years (takes a hit of hopium)  |
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With all the recession and inflation going on, Bitcoin keeps recovering with veracity.
We are also making higher lows.
For me the bottom is in but confirmation will be when we hit the 30k support...
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All those Ethereum fanboys gonna get rekt when they realize the fiat value of their precious token was in the mining and not in the utility. The utility will still be there when it goes to POS but the price won't.
Then you don't understand what is happening. I agree that there are many things wrong with Ethereum but saying it's worthless it's very naive... Please show where I say worthless? https://www.911metallurgist.com/blog/the-cost-to-mine-different-cryptocurrencies-in-every-countryCost of mining dictates the price, not the other way around.....Please read a book or something You say the value is in the mining, implying that there is no value in the PoS or other consensus models We will see... |
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Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...
Your first cycle? The emotions you are feeling are normal. Bitcoin cycles will bring out your fear, greed, dispair, etc. Hang on and HODL! HODLing isn't as easy as it seems... |
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if Russia had not held such an important position in the world as regards their oil they wouldn't have been able to sustain this their ongoing crisis.
That's why you shouldn't try to punch someone who is holding you by the balls...  This is where the saying “don’t bite the hands that puts food in your mouth” comes into play. For far too long, the world has been dependent on oil for its energy use and also gotten used to Russia being a global major supplier of energy. Russia knows the leverage it has and intends to use it fully But Russia is dependent on other countries to maintain the plants and equipment. So in the long run Russian oil/gas production will go down... In the short term Europe has an energy shortage... The whole situation is a zero sum game where the goal is to have the other side break first... |
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Current dip is due to the CPI report and rate hikes, which is just another FUD vector that Bitcoin has to overcome...
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All those Ethereum fanboys gonna get rekt when they realize the fiat value of their precious token was in the mining and not in the utility. The utility will still be there when it goes to POS but the price won't.
That's a testable hypothesis..and we shall see soon. If true, it also predicts something else, obviously, which is actionable. I am still thinking whether to make any short term moves or not. Exactly this. I've made the short term move to increase my BTC stash. |
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No it doesn't it's the other way around.
I'm not calculating market cap. I'm calculating the max value of a fixed coin asset, not the current.
If their scarcity is the same then their value per share(token) should be the same.
Therefore the token price multiplied by the max number of tokens should be the same.
I'm ignoring the other metrics like utility and decentralization which most certainly will have effect.
Lol scarcity being the same does not imply value is the same, that only holds with equal utility. Anyway read this from 2017 if you're interested in a well-argued case about relative max valuations of store of value vs utility tokens: https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor%27s+Take+on+Cryptoassets+v6.pdfThanks it's going to be a good read. Yes an asset is more than its scarcity. For Eth going from not-scarce to scarse should have a positive effect regardless... That by itself is a positive event for intrinsic value but in the case of a 100x overvaluation right now it might not be reflected in a change of market price at all. Further, aren't they switching from PoW to PoS? An extreme detrimental development wrt value as that leads to more centralization. As a centralized solution it's simply a terribly complex and expensive solution that is already done much cheaper and easier. PoS discussion is the same as when Bitcoin mining pools had >50% of hashing rate. With the banning of mining and the increasing need of cheap power for mining one could say that Bitcoin is getting more centralized too... Eth needs validators which are currently centralized but should decentralize over time. The switch hasn't been made yet. But let me state I have more faith in Bitcoin but Ethereum is a profitable investment at the moment. I'd like to hear your proof for the 100x overvaluation... |
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Bitcoin declared dead? I don't think so, but on the contrary bitcoin has grown much stronger year after year regardless of its price in the market. The bears are showing no signs that bitcoin is going to die out, it's only natural when people want to take profits but maybe institutional investors are actually experiencing the downside effect.
I think micro investors are getting stronger, the community is getting wider, people are starting to think about staying in the long term, asset accumulation and that is the most basic support for the statement about bitcoin being declared dead time and time again. The market hasn't given up yet and we can see how it grows better after the bitcoin price fell for a while at post-ATH lows.
Investors getting stronger? Bruh, 3AC just got bankrupt, luna dropped bombs on us, tesla sold 75% of its bitcoin holdings recently, what else? They are not getting stronger, they are getting greedy and paying for their greed.. We are now just a puppet of the US markets. I think he means that with big whales cashing out and the amount of big accounts decreasing, the coins are getting distributed wider. This brings stability. Tesla cashing out means 1 whale less and more shrimps investing... |
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No it doesn't it's the other way around.
I'm not calculating market cap. I'm calculating the max value of a fixed coin asset, not the current.
If their scarcity is the same then their value per share(token) should be the same.
Therefore the token price multiplied by the max number of tokens should be the same.
I'm ignoring the other metrics like utility and decentralization which most certainly will have effect.
Lol scarcity being the same does not imply value is the same, that only holds with equal utility. Anyway read this from 2017 if you're interested in a well-argued case about relative max valuations of store of value vs utility tokens: https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor%27s+Take+on+Cryptoassets+v6.pdfThanks it's going to be a good read. Yes an asset is more than its scarcity. For Eth going from not-scarce to scarse should have a positive effect regardless... |
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Algo stablecoin == insolvent shitcoin
A stablecoin should be verifiably 1-to-1 backed by another store of value.
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No it doesn't it's the other way around.
I'm not calculating market cap. I'm calculating the max value of a fixed coin asset, not the current.
If their scarcity is the same then their value per share(token) should be the same.
Therefore the token price multiplied by the max number of tokens should be the same.
I'm ignoring the other metrics like utility and decentralization which most certainly will have effect.
The only utility it has is it enables scammers to fleece sheeple that Think "Crypto" is the same as Bitcoin. Nobody ever got scammed using Bitcoin. But hey I'm in it for the profit, not for the ETH  |
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For starters ETH has half the market cap of Bitcoin
Which makes it extremely overpriced relative to BTC. Anything over 1% of the BTC market cap is overvalued for ETH (there's a years old well argued article explaining the potential of a utility token lies at least 2 orders of manitude below that of a store of value). This doesnt even take the governance issues around ETH in considerstion yet. ETH has been extremely overvalued for years relative to BTC (admittedly so have most things). If you calculate the merge then there will only be approx 120M tokens (maybe more will get burnt) ETH. 120M * 1500 = 180B value BTC. 21M * 20000 = 420B value These should be equal because both have fixed amount of tokens. Ethereum pre-merge has infinity amount of tokens making it's true value 0 like fiat. Which means ETH with fixed token amount is underpriced and should be around $3500 after the merge I dont think you understand what I say. Im not questioning the calculation of current market cup. Just saying that this implies extreme current relative overvaluation of ETH even under the most positive of assumptions. No it doesn't it's the other way around. I'm not calculating market cap. I'm calculating the max value of a fixed coin asset, not the current. If their scarcity is the same then their value per share(token) should be the same. Therefore the token price multiplied by the max number of tokens should be the same. I'm ignoring the other metrics like utility and decentralization which most certainly will have effect. |
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TA are indicators of a complex network of human emotions and situations.
TA is useless if you don't take the macro picture into account.
Having multiple indicators will help but you still need to take into account what's happening in the real world because that ultimately determines how much money can flow into or out of Bitcoin.
I think a 20 and 100 EMA is a way too short period to make any guesstimate. You need to cover the normal human cycle called "a year". And it is common knowledge that Bitcoin has a multiple year cycle.
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For starters ETH has half the market cap of Bitcoin
Which makes it extremely overpriced relative to BTC. Anything over 1% of the BTC market cap is overvalued for ETH (there's a years old well argued article explaining the potential of a utility token lies at least 2 orders of manitude below that of a store of value). This doesnt even take the governance issues around ETH in considerstion yet. ETH has been extremely overvalued for years relative to BTC (admittedly so have most things). If you calculate the merge then there will only be approx 120M tokens (maybe more will get burnt) ETH. 120M * 1500 = 180B value BTC. 21M * 20000 = 420B value These should be equal because both have fixed amount of tokens. Ethereum pre-merge has infinity amount of tokens making it's true value 0 like fiat. Which means ETH with fixed token amount is underpriced and should be around $3500 after the merge |
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~
For starters ETH has half the market cap of Bitcoin so iets the leader of Utility, where Bitcoin is the leader in store of value.
Ethereum currently isn't deflationary, and will be after the merge.
After the merge the tokens will be severely limited and the event will be like a triple halving.
In the future staking will be the most easiest way to increase your holdings.
I have a small portion of my stack in ETH and it's outperforming BTC, which is why I've bought some for the "shorter period"
I agree that there are many things wrong with Ethereum but saying it's worthless it's very naive...
The reason why some say ETH is worthless is because some try to preach that a centralized infinite coin is better and then go on to compare it with BTC and then the audacity to call for flippening for a while .  lets not tie them for obvious reasons and pretend one is superior after triple halving  Yes ETH does have a centralized component to it and that's the development part of it. So basically you need to trust the devs and the direction they are going. The same holds true for Bitcoin but development is more dormant. The utility they are providing and the changes they are making will make it more scalable and usable. However my biggest concern is the complexity and that's why I'm using them as a stepping stone to increase my BTC holdings. The merge should push the price up because of limits on tokens and token burning. |
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This will be true once all Bitcoin are mined. Energy cannot be created or destroyed. All those Ethereum fanboys gonna get rekt when they realize the fiat value of their precious token was in the mining and not in the utility. The utility will still be there when it goes to POS but the price won't. Then you don't understand what is happening. For starters ETH has half the market cap of Bitcoin so iets the leader of Utility, where Bitcoin is the leader in store of value. Ethereum currently isn't deflationary, and will be after the merge. After the merge the tokens will be severely limited and the event will be like a triple halving. In the future staking will be the most easiest way to increase your holdings. I have a small portion of my stack in ETH and it's outperforming BTC, which is why I've bought some for the "shorter period" I agree that there are many things wrong with Ethereum but saying it's worthless it's very naive... |
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Based on price averaging, it can be inferred that Tesla lost money in the most recent bitcoin sale, but we don't have specific data for their bitcoin buy orders so nothing can be confirmed.
I agree with this because it really has a basis. In fact, some news has indicated that Tesla has an average buy at $29k but I doubt this is the price Tesla bought back after the big sale in May 2021. Although the difference may not seem like much, I think Elon is not an unreliable person and he certainly does not want to hold that huge pressure. Wondering why they sell at a big loss and yet Elon is claiming that they have a diamond hands. We should really not to rely on any statements from Elon because he is trying to Manipulate the market again. There’s a huge effect of this action since we are talking about big money here and probably this is one of the reason why we are still down today. Big investors like Tesla is a big loss but then again, someone will just catch those falling knives to hold longer and play wisely. I heard that it could have to do with ESG regulatory compliance. Aka a transparent risk management framework. He might have been forced to sell to lower the risk... |
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......hangover from hell  Did you have too much altcoins again |
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