Crypto thread

if you did not jump on BTC at 33k today  when will you man/?   

@Dallas_Diehard

 If Shiba, is on your list, you rather look into Sanshu. More potential to gain more Xs and they're building a dog park. 

Bought 3 bitcoins at $33,000 per 

If this crypto market goes a lot lower still, it’s game over this bull cycle, will have to wait 3.5 yrs until next bull market I think.  I hope it holds here.

Halving is only 1078 days away 

The next BTC halving cycle when I looked, it says will occur sometime between Feb 2024 to June 2024, also to my understanding once the halving cycle occurs, it usually takes a few months before the bull cycle starts that’s why I said 3.5  yrs since not a lot of people jump back to cryptos once halving takes place until few months later.

History of BTC Halving Period

The 2012 block halving was the first halving and happened on November 28th, 2012. The halving block was mined by SlushPool by someone using a Radeon HD 5800 miner.

• New BTC Per Block Before: 50 BTC per block
• New BTC Per Block After: 25 BTC per block
• Price on Halving Day: $12.35
• Price 150 Days Later: $127.00

The second halving occurred on July 9th, 2016.

• New BTC Per Block Before: 25 BTC per block
• New BTC Per Block After: 12.5 BTC per block
• Price on Halving Day: $650.63
• Price 150 Days Later: $758.81

The third halving occurred on May 11, 2020.

• New BTC Per Block Before: 12.5 BTC per block
• New BTC Per Block After: 6.25 BTC per block
• Price on Halving Day: $8821.42
• Price 150 Days Later: $10,943.00

The 2024 halving will likely occur between February 2024 and June 2024.

Dalio owns bitcoin 

History suggests there will be a bear market before the next halving. 

But I think we have another 4-8 months of a bull market before the real bear starts. 

Massive amount of USDT going from unknown wallets to Binance this morning 

@whale_alert 

8 minute Dalio interview halfway down the article 

https://www.coindesk.com/consensus-ray-dalio-i-have-some-bitcoin

Ray Dalio believes the US dollar is at risk of not being the global reserve currency in the future.

These comments echo Stanley Druckenmiller’s comments a few weeks ago.

Nothing to see here. 

Michael Saylor: 

“Yesterday I was pleased to host a meeting between @elonmusk & the leading Bitcoin miners in North America. The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide.” 

https://twitter.com/michael_saylor/status/1396915801492439044?s=21

Crazy that Dalio, Goldman, Elon, etc come out with positive bitcoin news today. We had 2 weeks of brutal story after story coming out slamming Bitcoin. 

It appears the institutions filled their bags on the dip.  

My takeaway from this article is that the bull run isn’t over 

https://news.bitcoin.com/jpmorgan-goldman-sachs-initiate-coverage-coinbase-stock-price-upside/

Bought Sushi here at $11.15 

ATOM

BTC

SUSHI 

CRUST 

INJECTIVE PROTOCOL 

That’s all the buying I’ll do. If it dumps, it dumps. I’m done buying. 

“So many people are terrified, thinking we are entering a multi-year bear market. This is exactly the sentiment the shakeout was meant to create. IMO it's a good sign the market is so fearful because these extremes in sentiment are usually what we see before a turnaround.” 

— @SecretsOfCrypto 

Sushi is generating the same amount of transaction fees ($5.5m daily) as Uniswap and Uniswap’s market cap is ten times higher than Sushi’s. Trading fees are paid by traders to liquidity providers just like Uniswap. 

FTX’s Sam Bankman Fried controls the private key to Sushi. 

Andre Cronje and YFI merged with Sushi a while ago. 

It’s a top tier decentralized exchange. 

INAD, Thank you for ALL the contributions to this thread. 

@I_Need_A_Detox

 I wouldn't say fearful of a doom and gloom but semi recent  history of bitcoin going from 20k to 3.5k has a few people on their toes.   It did lose close to 30,000 since hitting a high of 63,000.  I think you timed this last purchase perfectly but what's the new ceiling?  small climb from here or over the 63,000k?  I find the conditions changing every day the new presidency  and  ever changing political policies now.  I am not "IN" any more but I am not wishing any ill will for the longs either.  

CARL ICAHN: WE'RE LOOKING AT CRYPTOCURRENCY, YET WE HAVEN'T PURCHASED ANY YET. HOWEVER, CRYPTOCURRENCIES ARE HERE TO STAY.

The ceiling for crypto is pretty high imo. Especially in this global financial climate of printing money and inflating assets. 

I think the stock to flow model has BTC topping out at like $288k this cycle. Seems high to me but I would say a number like that is the ceiling for this cycle. 

I still think BTC is going to $100,000+ this cycle. ETH $10,000+. 

Crypto always seems to go a lot higher than you think possible and a lot lower than you think possible. 

Fair enough

was a good time to buy at 33k. @. 1700.      hope you didn't get flushed out completely