Bitcoin Price Tracking & Discussion -- 2025

[eddycash]

Is anyone here staking eth? I considered it but the overall direction seemed vague and shady at the very least. Also the penalties for things out of control such as power outage or interrupted internet connection could be subjective bordering on outrageous

I don't trust Vitalik and think this Eth pump is just all based on speculation for Eth 2.0. I wouldn't stake it and would actually plan on exiting it for more BTC before 2.0 becomes active.

[shadymcgrady]

I don't trust Vitalik and think this Eth pump is just all based on speculation for Eth 2.0. I wouldn't stake it and would actually plan on exiting it for more BTC before 2.0 becomes active.

Couldn't agree more. The tech is outstanding, the leadership and direction not so much

[bigtymer56]

I don't trust Vitalik and think this Eth pump is just all based on speculation for Eth 2.0. I wouldn't stake it and would actually plan on exiting it for more BTC before 2.0 becomes active.

Luckily had some before the staking frenzy picked up. Think if you stake your Eth its locked until ETh 2.0 releases. No thanks. Could be years before that happens. Not sure if ill buy anymore now...but with the hype and the fact it seems like 90% of the shitcoins and DeFi apps are built on Eth, Ill hold what I have. Messing around with Uniswap has been fun....until the fees went crazy.

[raiders72001]

Raiders, appreciate you sharing your insights. A few questions (and some may be dumb):

1) Does Ethereum process just like Bitcoin? I haven't bought ETH yet.
2) Is buying Ethereum akin to diversifying your portfolio?
3) Is there any scenario where BtC and ETH move in opposite directions? If so, what would that scenario be?
4) The Winkelvoss Twins called ETH "digital oil". WTF does that mean? And is that a good analogy?

Thx for any insight.

There are two big players, BTC and ETH. Those two should be your major holds. I'm not exactly sure of what they meant by digital oil.

Ethereum is similar to bitcoin in that they were both proof of work to confirm. Ethereum is switching over to proof of stake. Other than that, they are much different. Bitcoin is simple and is more of a store of value. ETH uses smart contracts and was made to compliment BTC. Ethereum keeps evolving and projects can be built upon the Ethereum chain.

All ERC-20 tokens are built on the Ethereum chain. A site such as Uniswap makes it easy to exchange ERC-20 tokens, many of which can't be traded on other exchanges. Small fortunes have been made recently with DeFi coins. Many of the DeFi coins are built on ETH. ETH has boomed when some of the DeFi coins were launched.

At one time there was an inverse relationship between BTC and ETH when it did look like ETH would be a BTC competitor, but that no longer exists. Now they pretty much move together. During bull runs BTC will move first.

The ETH upgrade is going to bring in big institutional investors. CME will have ETH futures contracts in February.

[raiders72001]

February 8th CME will launch ETH futures. https://www.cmegroup.com/media-room/...uary82021.html

[clockwise1965]

Never had any bitcoin. I run bad.

[raiders72001]

ETH the only money maker of the top coins today. As always, wait for dips.

[raiders72001]

Would like to make next contestant = raiders72001. Guy provides great Crypto insight.

Target = 35,000.
...If we can get there by WED 1159pm Eastern, +350.
...If we get there by Tues 1159pm Eastern, 2x +700.
...And if we get there by MON 1159pm Eastern, 4x +1400.

Chucky, no one has been hotter than you. Let's get to $35k.

[mattyicey]

Anybody here interested in Polkadot

[raiders72001]

Anybody here interested in Polkadot

Huge upside to Polkadot because of DeFi. May be a good handcuff with ETH. Of the so called ETH killers, this is one of the better ones.

[raiders72001]

Here's another thing about ETH

Dominance:BTC 67.1%
ETH 13.6%
ETH Gas : 93 gwei

BTC dominance is 67% which is good news for BTC. ETH dominance is 11%. The gwei is gas which is used to make an ETH transaction. It's very high right now around $17. The bad news is that the more gas you pay, the faster your transaction will be confirmed. Jumping the line causes problems when you are trying to swap ERC-20 tokens at Uniswap. It also angers people. When you use a wallet such as MetaMask, you can add gas to quicken the confirmation. The ETH upgrade will get rid of jumping the line with a higher fee.

[Sam Odom]

$31.6k

[MOBIL19]

$31.6k

Amazing times, we live in!

[Sam Odom]

There are a few noticeable absences lately Am sure they will be back but hopefully not soon

[milwaukee mike]

Here's another thing about ETH

BTC dominance is 67% which is good news for BTC. ETH dominance is 11%. The gwei is gas which is used to make an ETH transaction. It's very high right now around $17. The bad news is that the more gas you pay, the faster your transaction will be confirmed. Jumping the line causes problems when you are trying to swap ERC-20 tokens at Uniswap. It also angers people. When you use a wallet such as MetaMask, you can add gas to quicken the confirmation. The ETH upgrade will get rid of jumping the line with a higher fee.

you understand it a lot more than i do

but i have always felt that cryptos can be their own worst enemy, if there is too much usage/transactions, then they become less useful because the fees and confirmation times get wacky, and then newer investors get turned off... nobody wants to pay $17 and wait 2 hours for a $100 transaction to go through

[raiders72001]

you understand it a lot more than i do

but i have always felt that cryptos can be their own worst enemy, if there is too much usage/transactions, then they become less useful because the fees and confirmation times get wacky, and then newer investors get turned off... nobody wants to pay $17 and wait 2 hours for a $100 transaction to go through

I agree 100%. Hopefully the upgrade will solve the problem.

[Inspirited]

Some say nano is the answer as far as p2p cash is concerned.

[pablo222]

$31.6k

$34.3k

[JoeCool20]

$34.3k

This is the wildest thing I have ever seen. How high will it go? I don't even get to be involved in it because

if I bought any B-TC, then as soon as I got drunk (or even when I was sober!) I'd immediately send in my

BT-C to an online casino and gamble with it.

[eddycash]

im hoping for $36k-$37k this week let's goooooooooooooooooooo!

[ouzoun]

Heading North. New target, 40k$.

[pablo222]

$35,363.00

[ChuckyTheGoat]

$35,363.00

OMG. Raiders +700.

[ChuckyTheGoat]

Threatening an extra 1000, b4 u can sneeze!

[ChuckyTheGoat]

Raiders, for you:

"The Autumn Wind...is a pirate."

[pablo222]

$35,868.86

[ChuckyTheGoat]

$35,868.86

Dipping a bit now. 35,196.

[ChuckyTheGoat]

Amazing times, we live in!

MOBIL, welcome to the party. Target = 36,000.

...If we get there by WED 1159pm Eastern, +360.
*If u can do it in next 26 minutes, 2x +720.

[raiders72001]

Raiders, for you:

"The Autumn Wind...is a pirate."

That's awesome!

[ChuckyTheGoat]

Been listening to some of these Saylor interviews. If u believe him...a ton of institutional money of the way into Bitcoin.

[ouzoun]

My next target is 39500 now. Glad I sold only small part of my BTC so far.

[Sam Odom]

$34.7k

[bigtymer56]

$35,868.86

This pretty much sums up the last year:

[GunShard]

I recommend waiting for the next bear market crash. It could happen by summer or end of 2021. Once at the bottom then we push all in at $10k to $20k if Bitcoin reaches this low again.

[Arky]

Been listening to some of these Saylor interviews. If u believe him...a ton of institutional money of the way into Bitcoin.

Gotta think the institutional guys coming in are big picture, long term hodler types and not fast buck, get-in, get-out types. So, that gives me some confidence that wherever this bull run tops out, that the resulting bear market may not go as low as expected.... What those numbers will be, who knows, but it may be a historic change from the past run-up - peak - crash scenario....