Bitcoin Price Tracking & Discussion -- 2025

[raiders72001]

I wasn't a fan of ADA until recently. Charles and Elon seem buddy buddy.

Pennsylvania may be buying up bitcoin as a reserve. If the US starts buying up bitcoin, China and other countries will follow.

[Sawyer]

Trump says, "never sell your bitcoin".

https://www.youtube.com/shorts/U9O5eKhUxcA

Never trust politicians. He is saying so to get your votes!

[raiders72001]

Never trust politicians. He is saying so to get your votes!

I'm normally in the I'll believe it when I see it but I think this one is true.

• The Bitcoin Act of 2024 proposes a US Strategic Bitcoin Reserve to strengthen the dollar and maintain crypto leadership.
• The proposal includes acquiring 1 million Bitcoins over five years and using Federal Reserve remittances to fund the program.

Senator Cynthia Lummis has introduced the Bitcoin Act of 2024, which is now in the initial stage of the legislative process.
For the proposal to become law, it must first pass through the Senate and the House of Representatives before reaching the President for approval.
Although the bill was introduced in July earlier this year, renewed interest has surged following Donald Trump’s recent election victory and his comments supporting the creation of a Strategic Bitcoin Reserve.
This momentum has grown further with Bitcoin reaching an all-time high of $93,000 earlier this week.
With Trump’s pro-crypto stance, there is anticipation that the legislative process for the bill could advance more swiftly.
The Bitcoin Act, officially titled the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2024, proposes a Strategic Bitcoin Reserve to hedge against inflation and bolster US financial leadership.
Senator Lummis announced the plan at a July Bitcoin conference, emphasizing its role in fortifying the dollar.
The Strategic Bitcoin Reserve, managed by the Treasury, would feature secure, decentralized storage across the US, including provisions for forks and airdrops with a five-year retention period.

The bill proposes a Bitcoin Purchase Program to acquire up to 1 million Bitcoins over five years, held for at least 20 years, with transparency ensured through independent proof-of-reserve audits.
It also allows states to store their Bitcoin in segregated accounts and outlines cost-offset measures, including adjustments to Federal Reserve remittances.
To offset costs, the act proposes using Federal Reserve remittances to the Treasury, with the first $6 billion of annual remittances from 2025 through 2029 allocated to the Bitcoin Purchase Program

https://cryptobriefing.com/strategic...in-reserve-us/

[raiders72001]

Coinbase surges back into US Apple App Store top 10, hits number 1

https://www.theblock.co/post/326545/...mber-1-financeCoinbase surges back into US Apple App Store top 10, hits number 1

[Optional]

https://www.theblock.co/post/326545/...mber-1-financeCoinbase surges back into US Apple App Store top 10, hits number 1

Will they all be wanting 5x by XMas and panic sell at the first dip, like what happened in 2017?

[raiders72001]

Will they all be wanting 5x by XMas and panic sell at the first dip, like what happened in 2017?

I think we'll see that with every pull back. But then they'll come back or we'll get new ones. A lot of new people lose money during these runs.

The app jumped from a ranking of 435th on the day before the U.S. election on Nov. 5 to 8th on Wednesday as the price of bitcoin reached new all-time highs above $93,000. It is currently ranking at 9th in the "Free iPhone Apps" category, according to The Block’s data dashboard. Cash App, which offers bitcoin support, is currently ranked 30th, and crypto and stock trading app Robinhood 13th.

[raiders72001]

I wasn't a fan of ADA until recently. Charles and Elon seem buddy buddy.

Pennsylvania may be buying up bitcoin as a reserve. If the US starts buying up bitcoin, China and other countries will follow.

ADA still pumping and the volume is going up. Charles is going to be some type of crypto advisor.

[Arky]

I think I figured out why CRO has been on a tear. On November 6, they changed the staking fees for new and higher cash back rewards. It costs more to up your stake but cash back rewards (paid in CRO) also go up - nearly double in some cases. If you choose not to "upgrade" to the new stake rates, then your cashback rewards stay the same. For example, the Rose Gold card required a stake of $40,000 worth of CRO to get 3% cash back (plus weekly earnings of 6-8% APY on the stake). Now, you have to stake $50,000 worth of CRO to get 5% cashback (plus 8.5% APY weekly earnings on your stake). So, kinda weird in that you are upgrading the same color of card to get the latest and better perks. If you do nothing, you will remain at the old rates. Thus, a bit of a buying frenzy on those that are going for the upgrade.

At first I thought it was another fast one from Crypto.com but after crunching the numbers, it's not that bad a deal....

The other thing to think about is that staking your extra CRO in the Crypto.com Defi Wallet presently returns around 7.79 APY. Moving it over to regular Crypto.com app to stake will get you 8.5% however, now you are subject to receiving a 1099 for your earnings (Crypto.com is a centralized exchange/entity). No 1099 with the Defi wallet.

Hope all this makes sense.

https://crypto.com/us/cards

[biggie12]

free money

make sure you get in before it gets bonded to raydium good for a quick 7-10x today

https://pump.fun/coin/5umkpQQrKt7ffFHCyMZguv2hcDqf4Vcbq7fssPXipump

[raiders72001]

I think I figured out why CRO has been on a tear. On November 6, they changed the staking fees for new and higher cash back rewards. It costs more to up your stake but cash back rewards (paid in CRO) also go up - nearly double in some cases. If you choose not to "upgrade" to the new stake rates, then your cashback rewards stay the same. For example, the Rose Gold card required a stake of $40,000 worth of CRO to get 3% cash back (plus weekly earnings of 6-8% APY on the stake). Now, you have to stake $50,000 worth of CRO to get 5% cashback (plus 8.5% APY weekly earnings on your stake). So, kinda weird in that you are upgrading the same color of card to get the latest and better perks. If you do nothing, you will remain at the old rates. Thus, a bit of a buying frenzy on those that are going for the upgrade.

At first I thought it was another fast one from Crypto.com but after crunching the numbers, it's not that bad a deal....

The other thing to think about is that staking your extra CRO in the Crypto.com Defi Wallet presently returns around 7.79 APY. Moving it over to regular Crypto.com app to stake will get you 8.5% however, now you are subject to receiving a 1099 for your earnings (Crypto.com is a centralized exchange/entity). No 1099 with the Defi wallet.

Hope all this makes sense.

https://crypto.com/us/cards

Great info.

[raiders72001]

free money

make sure you get in before it gets bonded to raydium good for a quick 7-10x today
https://pump.fun/coin/5umkpQQrKt7ffF...cbq7fssPXipump

How are memes treating you?

[ChuckyTheGoat]

The traders seem to expect a pull-back this week. Maybe the BTC price is over-heating.

Does anyone try to play the dips? Would think that a Bull-run dip of 6% off the ATH has to be a profitable play.

[blackHIPPY]

Xrp !

[raiders72001]

Xrp !

Getting relisted really helped. https://xrprelist.com/

[raiders72001]

The traders seem to expect a pull-back this week. Maybe the BTC price is over-heating.

Does anyone try to play the dips? Would think that a Bull-run dip of 6% off the ATH has to be a profitable play.

I use to swing trade but now I just hold and ride the dips unless it's a meme coin. Then I'll play around.

[delpiero10]

30k here we come!

its the best chance

[biggie12]

How are memes treating you?

Justy got back in recently

[Sawyer]

We're getting into that part of the cycle where it's easy to get greedy. Market should top in upcoming months in my opinion. Indicators are heating up!

We're in media attention phase at the moment. Market should peak around february-march 2025.
Next bear market will be brutal.

This is my 3rd bitcoin cycle.

At this phase, people decide 153% on Bitcoin in the past year isn't good enough and they start to look for alternatives like memecoins, low cap shitcoins, so-called gem coins, equities..

[ChuckyTheGoat]

A few quick comments on videos I've seen this week:

1) The MSNBC crew is truly clueless about Bitcoin. They still don't understand it.

2) I saw a CFA explain that CFAs have been threatened with losing their license if they talk about investing in Bitcoin.
...Well, that seems pretty rash. But think about it.
...It's hard to find to find many investments that exceed the rising cost of inflation. If a CFA were to suggest a client simply "Buy Bitcoin", that would threaten to kill off all their work.

[ChuckyTheGoat]

MSTR continues to go insane. Why is that?

I'll give my amateur opinion on why MSTR is blowing up. I think it all goes back to Saylor putting Bitcoin on the company Balance Sheet. Why is this significant?

Consider the assets that are normally listed on a company balance sheet. If it's a fiat item like Real Estate, it could be de-basing if a Housing crisis hits. No sure think that you can redeem it for 100-cents on the dollar.

People are waking up to Bitcoin being an appreciating asset. Opposed to Fiat currency, which is de-basing. Simple as that.

[raiders72001]

We're getting into that part of the cycle where it's easy to get greedy. Market should top in upcoming months in my opinion. Indicators are heating up!

We're in media attention phase at the moment. Market should peak around february-march 2025.
Next bear market will be brutal.

This is my 3rd bitcoin cycle.

At this phase, people decide 153% on Bitcoin in the past year isn't good enough and they start to look for alternatives like memecoins, low cap shitcoins, so-called gem coins, equities..

I'm much more optimistic. This is my 4th cycle. I started in 2013. We haven't even doubled the previous high and this would be a very short bull run. In the past, the US and Germany have seized bitcoin. They have never bought. They have only sold this run. The US, Poland, El Salvador, UAE, Saudi Arabia, Qatar and more may be buying. The buy pressure increases the price. The rumor is that the CFTC will regulate bitcoin rather than the SEC. Even if it's the SEC, a crypto friendly person will run it. Gensler on his way out. Elon Musk, RFK Jr and Trump's kids are all bitcoin supporters.

[raiders72001]

I've never overshot my ATH prediction during all of these runs. They have always over performed. I predicted $250k before this run started. This one could fall short but it would be a first.

[delpiero10]

that would be huge

[raiders72001]

For the Michael Saylor fans.

[raiders72001]

Even though I'm still very bullish, it's smart to grab profits now and then just in case.

[JAKEPEAVY21]

Even though I'm still very bullish, it's smart to grab profits now and then just in case.

I pull out a little every 5k that BTC goes up.

[ChuckyTheGoat]

Even though I'm still very bullish, it's smart to grab profits now and then just in case.

Will chime in with one comment on MSTR. From watching videos, I can say that the opinions on MSTR are quite divergent:
*Some quants are super-bullish on MSTR.
*But some companies are shorting MSTR. Has to do with an evaluation that looks impossibly high.

Not giving financial advice. Just saying that strong opinions are out there on each side.

[ChuckyTheGoat]

Will chime in with one comment on MSTR. From watching videos, I can say that the opinions on MSTR are quite divergent:
*Some quants are super-bullish on MSTR.
*But some companies are shorting MSTR. Has to do with an evaluation that looks impossibly high.

Not giving financial advice. Just saying that strong opinions are out there on each side.

If anyone has done their due diligence on this, would like to hear thoughts.

This stock can't just go the moon. Can it?

[raiders72001]

If anyone has done their due diligence on this, would like to hear thoughts.

This stock can't just go the moon. Can it?

Not sure of MSTR but BTC, DOGE, SOL and SUI could reach some wild heights.

[raiders72001]

everything will go up, just matters how much. The rest of the big ones can go crazy too. They probably hit at a higher percentage than the top group but I don't want as much just in case. XRP, ADA, TON, WIF, PEPE, SHIB, FLOKI, JUP, ETH. Still like FET if AI takes off. PNUT may have a lot more legs.

[ChuckyTheGoat]

Salud, Raiders. The theme that I'm seeing on this Bull run = exposing the US Dollar as a ponzi scheme.

The quants have been talking about the MSTR strategy as a "strategic attack on the US Dollar."

[Lex_icon]

I'm currently divesting from my altcoin holdings. I anticipate a substantial correction in the altcoin market following a major Bitcoin correction. My usual strategy involves selling memecoins that have achieved a higher market cap and rotating into newer, less established ones.

I was an early investor in GOAT and Happy, and my position has increased by 20x. I plan to exit these positions if they reach a market cap between 2.5 and 5 billion. While there's always the possibility of a memecoin becoming the next PEPE, I believe that memecoins offer the most significant opportunities in the current market.

I intend to re-enter some of these positions after a potential market correction. If the correction doesn't materialize, it's not a significant concern. Additionally, I'm holding onto a portfolio of top-tier blockchain projects, including AVAX, ETH, SOL, Sui, and others.

[Lex_icon]

everything will go up, just matters how much. The rest of the big ones can go crazy too. They probably hit at a higher percentage than the top group but I don't want as much just in case. XRP, ADA, TON, WIF, PEPE, SHIB, FLOKI, JUP, ETH. Still like FET if AI takes off. PNUT may have a lot more legs.

What do you think about FET now being called ASI and seemingly having "acquired" PAAL as well?
It's the only one in my portfolio that hasn't seen significant gains during this run. Interestingly, it's the second largest holding I have.

[raiders72001]

What do you think about FET now being called ASI and seemingly having "acquired" PAAL as well?
It's the only one in my portfolio that hasn't seen significant gains during this run. Interestingly, it's the second largest holding I have.

FET, NEAR, RENDER, makes absolutely no sense why these 3 aren't doing better.

[raiders72001]

Made an awful move selling BONK. I thought that WIF would be the number one SOL MEME.