Bitcoin Price Tracking & Discussion -- 2025

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • EasyCover
    SBR Wise Guy
    • 02-01-11
    • 621

    #10396
    Originally posted by Optional
    Dude, you have been lecturing people and making consistently wrong predictions for months now.

    What "massive dump" on 5th December??

    90K??? Are you lying to try and claim you were right for once or actually believe that?

    Price range on Dec 5 was 96-103 and it is over 100k again by 6th.

    Where is this massive dump you claim you were correct about?



    You have to be on bad drugs to keep posting the lectures and BS predictions weekly. How many times have you said this will be the "local top" on XYZ date recently? (LOL, you sound like a Youtube crypto scammer with that made up metric btw)
    I don't believe technical analysis applies here (meant toward Sawyer, not Opti). Bitcoin is a one off. Finite supply with almost 6 % of all bitcoin are owned by nation-state and Corporations. This is very early in the game. Game Theory will kick in soon and the number of Companies and Nations that will buy and hold will be many times what it is currently.

    Under this unique scenario, HODLing is the only thing that makes sense to me for the foreseeable future. GL to all and thank you guys for getting me here. You have helped me immensely.
    Comment
    • Optional
      Administrator
      • 06-10-10
      • 61063

      #10397
      Originally posted by EasyCover

      I don't believe technical analysis applies here (meant toward Sawyer, not Opti). Bitcoin is a one off. Finite supply with almost 6 % of all bitcoin are owned by nation-state and Corporations. This is very early in the game. Game Theory will kick in soon and the number of Companies and Nations that will buy and hold will be many times what it is currently.

      Under this unique scenario, HODLing is the only thing that makes sense to me for the foreseeable future. GL to all and thank you guys for getting me here. You have helped me immensely.
      I think similar.

      But one nagging concern is that if/when a lot of nation states want some exposure to BTC in sovereign wealth funds, there is currently no where near enough bitcoin to satisfy that demand without the price rising exponentially. Hate to make long term $$ predications but I do think crazy numbers in the millions is not out of the realm of possibility if that happens.

      My issue with that is that if it does become that valuable and vital to nation states ongoing financial health... the powers that be are going to want all of our crypto for themselves. I can foresee strange laws being proposed that strips us of our holdings eventually.
      .
      Comment
      • nbaguy23
        SBR Hustler
        • 11-18-24
        • 54

        #10398
        Originally posted by EasyCover
        I don't believe technical analysis applies here (meant toward Sawyer, not Opti). Bitcoin is a one off. Finite supply with almost 6 % of all bitcoin are owned by nation-state and Corporations. This is very early in the game. Game Theory will kick in soon and the number of Companies and Nations that will buy and hold will be many times what it is currently.

        Under this unique scenario, HODLing is the only thing that makes sense to me for the foreseeable future. GL to all and thank you guys for getting me here. You have helped me immensely.
        Fully agree. There is no earnings report or management for it. Trying to decide when to sell sounds like a headache unless you NEED the cash. Buying makes sense when you HAVE the cash and that's pretty much all, imo!
        Comment
        • ChuckyTheGoat
          BARRELED IN @ SBR!
          • 04-04-11
          • 37055

          #10399
          Originally posted by nbaguy23
          Fully agree. There is no earnings report or management for it. Trying to decide when to sell sounds like a headache unless you NEED the cash. Buying makes sense when you HAVE the cash and that's pretty much all, imo!
          Salud, nba and other posters. The comment I've made multiple times is to think about the 1st-semester economics example of the Supply-and-Demand curve:

          1) We know about the Fixed Supply schedule. BTC is so far to the right on ~ 95% of all Bitcoins produced. Only 5% left.
          ...What about AVAILABLE coins on exchanges? That has to be a relatively small number.

          2) Then consider the Demand end:
          a) Companies like MSTR/Semler/MARA are putting Bitcoin on their balance sheets.
          b) US states and Nations are considering legislation to put Bitcoin on their balance sheets.
          c) Investors are now much more open to seeking out Bitcoin.

          Sounds bullish to me. What do I know?
          Where's the fuckin power box, Carol?
          Comment
          • ChuckyTheGoat
            BARRELED IN @ SBR!
            • 04-04-11
            • 37055

            #10400
            One more comment on Opti's post:
            1) I see some sites that try to call the daily BTC price. Very difficult.
            2) Much better chance of getting it right on a wider lens. Monthly or quarterly projections (at best). Any tighter prediction is almost impossible.
            Where's the fuckin power box, Carol?
            Comment
            • brainfreeze
              SBR Hall of Famer
              • 05-13-14
              • 5689

              #10401
              Originally posted by ChuckyTheGoat
              Salud, nba and other posters. The comment I've made multiple times is to think about the 1st-semester economics example of the Supply-and-Demand curve:

              1) We know about the Fixed Supply schedule. BTC is so far to the right on ~ 95% of all Bitcoins produced. Only 5% left.
              ...What about AVAILABLE coins on exchanges? That has to be a relatively small number.

              2) Then consider the Demand end:
              a) Companies like MSTR/Semler/MARA are putting Bitcoin on their balance sheets.
              b) US states and Nations are considering legislation to put Bitcoin on their balance sheets.
              c) Investors are now much more open to seeking out Bitcoin.

              Sounds bullish to me. What do I know?
              Long run bullish, but there’s always catalyst for down turns … Mt. gox coins still moving.. a deep recession/depression happens, China bans haha, or satoshi dumps big bags

              but 100k .. what a milestone
              Comment
              • EasyCover
                SBR Wise Guy
                • 02-01-11
                • 621

                #10402
                Originally posted by Optional
                I think similar.

                But one nagging concern is that if/when a lot of nation states want some exposure to BTC in sovereign wealth funds, there is currently no where near enough bitcoin to satisfy that demand without the price rising exponentially. Hate to make long term $$ predications but I do think crazy numbers in the millions is not out of the realm of possibility if that happens.

                My issue with that is that if it does become that valuable and vital to nation states ongoing financial health... the powers that be are going to want all of our crypto for themselves. I can foresee strange laws being proposed that strips us of our holdings eventually.
                First thought is what a great problem to have. I think if that happens we will see it coming from under developed Countries first .If the legislation comes here we will see it coming and may have to liquidate.
                Comment
                • EasyCover
                  SBR Wise Guy
                  • 02-01-11
                  • 621

                  #10403
                  Originally posted by ChuckyTheGoat
                  One more comment on Opti's post:
                  1) I see some sites that try to call the daily BTC price. Very difficult.
                  2) Much better chance of getting it right on a wider lens. Monthly or quarterly projections (at best). Any tighter prediction is almost impossible.
                  Zooming out is the only way Chucky. Wished I would have learned that earlier. But better late than never.
                  Comment
                  • Optional
                    Administrator
                    • 06-10-10
                    • 61063

                    #10404
                    Originally posted by EasyCover

                    First thought is what a great problem to have. I think if that happens we will see it coming from under developed Countries first .If the legislation comes here we will see it coming and may have to liquidate.
                    haha... yeah, an awesome problem to be sitting on really!
                    .
                    Comment
                    • nbaguy23
                      SBR Hustler
                      • 11-18-24
                      • 54

                      #10405
                      Question for everyone on here since we (understandably) are mostly bullish on btc. How much of your networth are you willing to hold in it? I've heard most "experts" say 25% should be max.
                      Comment
                      • raiders72001
                        Senior Member
                        • 08-10-05
                        • 11074

                        #10406
                        Originally posted by nbaguy23
                        Question for everyone on here since we (understandably) are mostly bullish on btc. How much of your networth are you willing to hold in it? I've heard most "experts" say 25% should be max.
                        If I were advising people, I'd say if they are young without a family, then go all in. You have time to make more if you bust. And if you're a little crazy like me, still go all in. I don't think that you can put a number on it. We all have different goals and security is more important the older that we get.

                        Everyone wants Bitcoin. Trump isn't going back on any of his promises and nations/states are going to try and front run.
                        Last edited by raiders72001; 12-06-24, 08:52 PM.
                        Comment
                        • raiders72001
                          Senior Member
                          • 08-10-05
                          • 11074

                          #10407
                          Originally posted by Optional
                          I think similar.

                          But one nagging concern is that if/when a lot of nation states want some exposure to BTC in sovereign wealth funds, there is currently no where near enough bitcoin to satisfy that demand without the price rising exponentially. Hate to make long term $$ predications but I do think crazy numbers in the millions is not out of the realm of possibility if that happens.

                          My issue with that is that if it does become that valuable and vital to nation states ongoing financial health... the powers that be are going to want all of our crypto for themselves. I can foresee strange laws being proposed that strips us of our holdings eventually.
                          You guys beat me to it but I was going to say it's a great problem to have. Also agree with thoughts above by Easy Cover and Opti. Throw out TA, it's all news right now and no one is going to time a pull back.
                          Last edited by raiders72001; 12-06-24, 08:21 PM.
                          Comment
                          • raiders72001
                            Senior Member
                            • 08-10-05
                            • 11074

                            #10408
                            Originally posted by ChuckyTheGoat
                            One more comment on Opti's post:
                            1) I see some sites that try to call the daily BTC price. Very difficult.
                            2) Much better chance of getting it right on a wider lens. Monthly or quarterly projections (at best). Any tighter prediction is almost impossible.
                            This is good advice on zooming out.
                            Comment
                            • Arky
                              SBR MVP
                              • 12-09-11
                              • 1095

                              #10409
                              Originally posted by nbaguy23
                              Question for everyone on here since we (understandably) are mostly bullish on btc. How much of your networth are you willing to hold in it? I've heard most "experts" say 25% should be max.
                              Yeah, I'm all in, too. I might add I'm single and officially a senior so no one gets hurt except maybe me.

                              From late 2017 to around the middle of 2020, I systematically liquidated my 401K with Fidelity. Fidelity (traditional finance) was boring. Once I really started looking into crypto, it all clicked. My inner gambler loves the action (although there can be long periods of blah). Any newcomer should invest now and ask questions 5-10 years from now, i.e. hodl. Can't go wrong with BTC, ETH and probably SOL starting out. There was always a better time to buy each of those but get in and be ready to wait it out.

                              Bear market is best for buying. We're at the start of a bull run so I wouldn't throw too much in at this point. Spread it out and DCA (dollar cost average). Again, bear market is the best time for investing and lowering your DCA.

                              Once you totally understand how the money system works in America, crypto is the only answer, IMO. Metal bugs will tell you it's gold and silver and those are decent stores of value but not wild and crazy like crypto. I think honest financial people will tell you the present system and the dollar are doomed.....
                              Comment
                              • Optional
                                Administrator
                                • 06-10-10
                                • 61063

                                #10410
                                Originally posted by Arky
                                There was always a better time to buy each of those
                                ^^^ that thinking has stopped me making a lot of money on crypto.

                                Still stopping me adding really.

                                hard to feel good about buying at 100K when most of your holding was bought under 20k
                                .
                                Comment
                                • Arky
                                  SBR MVP
                                  • 12-09-11
                                  • 1095

                                  #10411
                                  Originally posted by Optional
                                  ^^^ that thinking has stopped me making a lot of money on crypto.

                                  Still stopping me adding really.

                                  hard to feel good about buying at 100K when most of your holding was bought under 20k
                                  Eheh, yep. I'm in the same boat. My bags are packed. Good thing I'm all in or I would be buying.

                                  Doesn't stop Saylor, though. Every day is bargain day for that guy...
                                  Comment
                                  • raiders72001
                                    Senior Member
                                    • 08-10-05
                                    • 11074

                                    #10412
                                    Originally posted by Optional
                                    ^^^ that thinking has stopped me making a lot of money on crypto.

                                    Still stopping me adding really.

                                    hard to feel good about buying at 100K when most of your holding was bought under 20k
                                    Next dip jump back in. Blackrock owns $48b in BTC. Follow the money.
                                    Comment
                                    • raiders72001
                                      Senior Member
                                      • 08-10-05
                                      • 11074

                                      #10413
                                      Originally posted by Arky
                                      Once you totally understand how the money system works in America, crypto is the only answer, IMO. Metal bugs will tell you it's gold and silver and those are decent stores of value but not wild and crazy like crypto. I think honest financial people will tell you the present system and the dollar are doomed.....
                                      Truer words were never spoken. I have a little bit of real estate, the rest is crypto. I mess around with the alts or I'd get bored. Those still get me excited.
                                      Comment
                                      • Optional
                                        Administrator
                                        • 06-10-10
                                        • 61063

                                        #10414
                                        Originally posted by raiders72001
                                        Next dip jump back in. Blackrock owns $48b in BTC. Follow the money.
                                        I'm all in buying and renovating a home to flip over the last year. Very close to being done but every last cent I had and am earning is going there.

                                        Early next year will probably sell or rent it out and will be able to think about investing more again.

                                        Hope I don't miss the boat.


                                        Other option is to sell out now to get house done faster, and hope for a dip early next year to get it all back without a loss.
                                        .
                                        Comment
                                        • raiders72001
                                          Senior Member
                                          • 08-10-05
                                          • 11074

                                          #10415
                                          Thinks are always changing, but right now here's how I have things grouped.

                                          BTC
                                          SOL
                                          ETH

                                          ------------------------
                                          Because of possible deals with these and Trump

                                          ADA
                                          HBAR
                                          XRP

                                          -------------------------------------------

                                          SUI
                                          LINK
                                          TON
                                          AI
                                          DePin
                                          RWA

                                          --------------------------------------------

                                          WIF
                                          BONK
                                          SHIB
                                          DOGE

                                          --------------------------------------------

                                          SOL Ecosystem

                                          ------------------------------------------

                                          the rest
                                          Comment
                                          • raiders72001
                                            Senior Member
                                            • 08-10-05
                                            • 11074

                                            #10416
                                            Originally posted by Optional
                                            I'm all in buying and renovating a home to flip over the last year. Very close to being done but every last cent I had and am earning is going there.

                                            Early next year will probably sell or rent it out and will be able to think about investing more again.

                                            Hope I don't miss the boat.


                                            Other option is to sell out now to get house done faster, and hope for a dip early next year to get it all back without a loss.
                                            Do you have to do a lot of rehab on the home to flip or just minor repairs? That's another thing that would be fun to do.
                                            Comment
                                            • Optional
                                              Administrator
                                              • 06-10-10
                                              • 61063

                                              #10417
                                              Originally posted by raiders72001

                                              Do you have to do a lot of rehab on the home to flip or just minor repairs? That's another thing that would be fun to do.
                                              I bought a very cheap place right after covid started and I could see the exodus from cities to rural areas here and did a bunch of cheap cosmetic stuff and landscaped the grounds and more than tripled my money on it in a couple of years.

                                              Then in middle of last year used that to buy a place that needed major renovations. I got a bit ambitious trying to make it wonderful and have spent a bit more than I probably should have, but it has turned out very impressively and should end up doubling the money put into it if sold now.

                                              I kind of dont want to move out of it now though lol. Haven't lived in a really nice home for quite a long time.


                                              Might keep it and have it revalued and refinance it to get enough cash out to do another one (cheaper and simpler). It's set up as dual occupancy now so could live in one part and rent out the rest for enough to cover the mortgage and expenses.

                                              If do sell could potentially put 6 figures into crypto and have plenty left to repeat the project again. Will decide when completed and see what the bank will revalue it at.
                                              .
                                              Comment
                                              • raiders72001
                                                Senior Member
                                                • 08-10-05
                                                • 11074

                                                #10418
                                                Originally posted by Optional
                                                I bought a very cheap place right after covid started and I could see the exodus from cities to rural areas here and did a bunch of cheap cosmetic stuff and landscaped the grounds and more than tripled my money on it in a couple of years.

                                                Then in middle of last year used that to buy a place that needed major renovations. I got a bit ambitious trying to make it wonderful and have spent a bit more than I probably should have, but it has turned out very impressively and should end up doubling the money put into it if sold now.

                                                I kind of dont want to move out of it now though lol. Haven't lived in a really nice home for quite a long time.


                                                Might keep it and have it revalued and refinance it to get enough cash out to do another one (cheaper and simpler). It's set up as dual occupancy now so could live in one part and rent out the rest for enough to cover the mortgage and expenses.

                                                If do sell could potentially put 6 figures into crypto and have plenty left to repeat the project again. Will decide when completed and see what the bank will revalue it at.
                                                Congrats on those real estate moves. You're in a good position.
                                                Comment
                                                • raiders72001
                                                  Senior Member
                                                  • 08-10-05
                                                  • 11074

                                                  #10419
                                                  Opti - did crypto help to put you in a position to buy real estate?
                                                  Comment
                                                  • Optional
                                                    Administrator
                                                    • 06-10-10
                                                    • 61063

                                                    #10420
                                                    Originally posted by raiders72001
                                                    Opti - did crypto help to put you in a position to buy real estate?
                                                    Kind of. It inspired me to get serious about getting out of the rent trap I was in. I started buying as much as I could spare every week in early 2020, with the intent of it being a house deposit. And then covid happened and I realised rents were going to skyrocket and I needed to be an owner right now. So sold car and camper and boat and anything else I could do without and borrowed some money from family and bought what was close to the cheapest house in the state for cash in May 2020, without using the btc I had saved. It was really the extra income I've had from SBR and a small inheritance from my father that got me there. My brother thought I was mad buying a dump an hours drive from anything at the time. But events conspired to make that little town boom almost more than anywhere else in the state during covid. Sold it for 3.3x what paid for it last year.

                                                    I cashed out a chunk of btc in June last year to make up enough for the deposit on the second house before I sold the first. And I would have missed out on this place if I didn't have it to use. So there is that too.

                                                    Plus what I have left gives me a warm sense of security now that I have spent all my cash and am finishing the project from week to week income.

                                                    So I guess you could say bitcoin has changed my life over the last 4 years in a very positive way. Even if I still haven't made a huge fortune directly as yet. (well I've cashed out about 3x what I've spent on it, plus have that much again still left.)

                                                    I feel very lucky and thankful for what it has helped me do.
                                                    .
                                                    Comment
                                                    • raiders72001
                                                      Senior Member
                                                      • 08-10-05
                                                      • 11074

                                                      #10421
                                                      $1.6b liquidated.
                                                      Comment
                                                      • ChuckyTheGoat
                                                        BARRELED IN @ SBR!
                                                        • 04-04-11
                                                        • 37055

                                                        #10422
                                                        Originally posted by raiders72001
                                                        $1.6b liquidated.
                                                        Plz tell more. What does that mean for WED action?
                                                        Where's the fuckin power box, Carol?
                                                        Comment
                                                        • ChuckyTheGoat
                                                          BARRELED IN @ SBR!
                                                          • 04-04-11
                                                          • 37055

                                                          #10423
                                                          Three news-items from today:

                                                          1) Microsoft voted to NOT put Bitcoin on the company Balance Sheet.
                                                          2) Amazon is contemplating the idea of putting BTC on the Bal Sht.
                                                          3) Russia is also contemplating BTC as a strategic reserve.
                                                          Where's the fuckin power box, Carol?
                                                          Comment
                                                          • ChuckyTheGoat
                                                            BARRELED IN @ SBR!
                                                            • 04-04-11
                                                            • 37055

                                                            #10424
                                                            George (CryptosRUs) also quoted Trump as possibly pushing for NO CRYPTO TAXES.
                                                            ...This is huge (imho). Talk to any wealthy investor. A lot of it is about tax avoidance!
                                                            Where's the fuckin power box, Carol?
                                                            Comment
                                                            • ChuckyTheGoat
                                                              BARRELED IN @ SBR!
                                                              • 04-04-11
                                                              • 37055

                                                              #10425
                                                              I know most shy away from BTC price-predictions. I'll post a few comments:

                                                              1) It's already been a good cycle. Action has the price ahead of most forecasts for 2024 YE.
                                                              2) So much talk about the positive indicators. People buying, Trump pro-crypto regime etc.
                                                              3) It's still a market. Buys-and-sells, honestly some people may be selling to pay for housing/tax etc.

                                                              Some of the 2025 bullish projections are a little too much IMHO. I'll go on record and say that the 2025 top will be ~ $150,000. That's still +50% from where we are right now, so that would be good.
                                                              ...BTC in 4th cycle should slow down on the volatility.
                                                              ...I just think some of the blow-off top predictions are too much. A lot of people are still learning about BTC.
                                                              Where's the fuckin power box, Carol?
                                                              Comment
                                                              • ddittie
                                                                SBR Wise Guy
                                                                • 09-15-12
                                                                • 819

                                                                #10426
                                                                rookie question and probably alrdy answered but.

                                                                am i exposed to bitcoin if i own it on a third part app like coinbase, or cash app? Or do i need to hold it on a non-connected device as i remember ppl saying in the old days?
                                                                Comment
                                                                • ChuckyTheGoat
                                                                  BARRELED IN @ SBR!
                                                                  • 04-04-11
                                                                  • 37055

                                                                  #10427
                                                                  Originally posted by ddittie
                                                                  rookie question and probably alrdy answered but.

                                                                  am i exposed to bitcoin if i own it on a third part app like coinbase, or cash app? Or do i need to hold it on a non-connected device as i remember ppl saying in the old days?
                                                                  ddittie, yes, you hold BTC if you hold it on Coinbase. But you don't directly HOLD the Coins.

                                                                  IE, if the USA seizes Coinbase, the coins are not in your hands. This gets into the concept of Self-sovereignty. This is a unique element of Bitcoin.

                                                                  It gets into a more complicated topic of coin security. Honestly, I'd recommend anyone study this topic 100+ hours, before getting into it too deeply.
                                                                  Where's the fuckin power box, Carol?
                                                                  Comment
                                                                  • raiders72001
                                                                    Senior Member
                                                                    • 08-10-05
                                                                    • 11074

                                                                    #10428
                                                                    Eric Trump Promises the ‘Most Pro-Crypto President’ in History


                                                                    [COLOR=var(--color-content-secondary,#363636)]Speaking at a Middle East conference, President-elect Donald J. Trump’s son said his family had embraced cryptocurrency because some banks stopped doing business with them after Jan. 6.[/COLOR]
                                                                    [COLOR=var(--color-content-secondary,#363636)]Also at the conference was Paul Manafort, Mr. Trump’s 2016 campaign chairman,[/COLOR][COLOR=var(--color-content-secondary,#363636)] [/COLOR][COLOR=var(--color-content-secondary,#363636)]whom Mr. Trump [/COLOR]pardoned[COLOR=var(--color-content-secondary,#363636)] before he left office in 2021, clearing a conviction on bank fraud charges. Mr. Manafort also [/COLOR]worked briefly with the Trump campaign[COLOR=var(--color-content-secondary,#363636)] this year to help plan the Republican convention.
                                                                    [/COLOR][COLOR=var(--color-content-secondary,#363636)]“There’s a lot of exciting times ahead,” Mr. Manafort said in his speech on Tuesday. “For those of you who are celebrating the $100,000 Bitcoin, you’re going to be celebrating much higher very soon.”[/COLOR]


                                                                    Comment
                                                                    • EasyCover
                                                                      SBR Wise Guy
                                                                      • 02-01-11
                                                                      • 621

                                                                      #10429
                                                                      Trump DeFi project @worldliberty.fi bought $1million of $LINK in 10 minutes yesterday. I would say he was pretty cool with Crypto.
                                                                      Comment
                                                                      • firstclass
                                                                        SBR MVP
                                                                        • 12-10-08
                                                                        • 2652

                                                                        #10430
                                                                        Should I sell my Litecoin's and BTCASH also have some ETH.

                                                                        I remember someone here said sell the shitcoins and just keep BTC

                                                                        Now that I'm back in the black should i unload the 3 coins litecoin bitcoin cash and ETH ?
                                                                        Comment
                                                                        SBR Contests
                                                                        Collapse
                                                                        Top-Rated US Sportsbooks
                                                                        Collapse
                                                                        Working...