Bump. $107,400.
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Where's the fuckin power box, Carol?Comment -
I won't claim to know the exact reasons. But SMLR is ripping. +10% today.Where's the fuckin power box, Carol?Comment -
I bought some silver with bitcoin years ago when it was around $2500ish and kick myself whenever I think about it as these 1oz silver coins ended up costing me a fortune! I can see the same thing happening with a burger, fries and drink costing you hundreds 5-10 years from now.Comment -
$107,447 currently...we might see a new ATH high here this week and perhaps even today?Comment -
Saw it hit $109, 200 just short of the ATH but has not broken through yet...seems to be just a matter of time.Comment -
$109K
That's always going to be the deal, I think. If BTC goes to $150K, I would seriously consider cashing out 2 BTC ($300K) and buying a new house. Pay cash, full price. You can get a nice little brand new 3 bedroom house in a nice neighborhood for about $250K where I live. (The leftover $50K will go to Uncle Sam). OTOH, if BTC eventually goes to $1M per coin, that means I paid $2M for a nice little 3 bedroom house. Ouch. The other way to look at it is that perhaps I originally I bought the BTC for $5K/coin so the house really only cost me $10K.
It's kind of a forever dilemma.
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Arky, I have had enough to pay off my mortgage for years now but my rationale not to has always been that I think I can make more in investments than the mortgage interest rate(2.85%). It has worked out but the older I get and the more I think about it, maybe there are other factors to consider other than just the numbers? Peace of mind, not owing anyone a dime and ridding myself of any monthly payments sounds pretty damn good the more I think about it. I'd have to sell around 30% of my crypto to squash my mortgage and have been seriously considering the past few months.Comment -
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Yeah, everyone's situation is different. I got laid off several years ago and the first thing I did was go into my 401K and finished paying off my house. I was on 30 year mortgage and paid it off in 15. I always paid in extra every month until I spent the final $50K to pay it all off. That was an enormous burden to be lifted so then I only had to take care of monthly utilities, maintenance, yearly taxes, etc. I figured out how to turn a hobby - antique phone restoration - into a business to keep the monthly bills paid.
I'm all for decentralizing one's life. Get rid of all debt if possible (house/auto). Toss the credit cards. Use crypto, cash, check or debit card. IMO, banks are a necessary evil to function in today's life. I keep as little as possible in the bank. Be your own bank.
Not ready to live out in the boonies and live on solar, grow my own food, have chickens and a couple of cows but a younger me might have considered it. Younger me was too busy partying.
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Looks like BTC wicked up to $110K+......
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See this story on the US bonds having no buyers. This is huge news. Currency failure!Where's the fuckin power box, Carol?Comment -
$111k and I'm calling a lot higher.Comment -
This guy made some insane predictions in 2023. Really wasn't far off on his CAGR:
Where's the fuckin power box, Carol?Comment -
Trump news on cryptoThe Trump Media & Technology Group, tied to Donald Trump, announced plans to raise about $3 billion to invest in cryptocurrencies like Bitcoin, according to reports from Reuters and the Financial Times. This includes a $2.5 billion deal to buy Bitcoin, with funds coming from stock sales and convertible notes. There’s also World Liberty Financial, a Trump family crypto venture, which raised over half a billion and got a $2 billion investment from an Emirati firm for a stablecoin called USD1, aimed at investing in Binance. The moves have stirred controversy, with some calling it a conflict of interest and others seeing it as part of Trump’s push to make the U.S. a crypto hub.Comment -
Anyone remember Safemoon?https://decrypt.co/321465/safemoon-c...to-fraud-trialThe SafeMoon CEO faces up to 45 years in prison after a jury convicted him of defrauding investors and misappropriating millions in crypto.
Last edited by raiders72001; 05-28-25, 09:08 PM.Comment -
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I think any "investor" trying to sue anybody claiming they were misled about Safemoon needs to be punished too. For wanting to have their cake and eat it too.
It was such a blatantly obvious ridiculous fraud/game setup from day one that I don't think people should be rewarded for taking huge risks in an attempt to profit from other people being ripped off, when that obviously stupid scheme collapses.
My reaction in here when someone tried to pump it was to immediately say DO NOT promote this obvious scam in here. How often have I said that over the years? Rarely. Showing how obvious this stupid scheme was.
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Staking is not a security
The US Securities and Exchange Commission has announced that staking activities do not constitute securities transactions.
Ethereum ETFs overtook Bitcoin last week
In an unusual turn of events, the week ended with ETH ETFs taking US$285.8 million of new inflows as Bitcoin ETFs lost US$144.8M. Ether ETFs saw their best month of inflows since December, with around US$400 million pouring in through May. That said, the Bitcoin ETFs are overwhelmingly more successful, and BlackRock's IBIT alone saw a monthly record inflow of almost US$6.5 billion in May.
World warms up to Bitcoin
Asian economies are gradually reducing their reliance on the US dollar, with a recent study by Forex Complex pointing to a reduced share of US dollars in national reserve, a rise in gold’s share, and increased use of digital assets like stablecoins in bilateral trade.
Thailand is preparing to launch crypto-linked credit cards that would allow tourists and locals to make payments using digital assets, while merchants receive settlements in the local currency.
At the Bitcoin 2025 conference, Pakistan's new crypto czar, Bilal Bin Saqib, announced the country would pursue a strategic Bitcoin reserve plan.
UK Reform party leader, Nigel Farage, also pledged to introduce legislation to create a Bitcoin reserve, and outlaw crypto-related debanking. "We are going to launch in Britain a crypto revolution," he said.
Meanwhile, Poland has just elected its first pro-crypto President, Karol Nawrocki..Comment -
$120k by the end of the week is the call.Comment -
Don't want to speak for Raiders. But the reasons are IMHO:
1) Supply shock. Coins drying up on exchanges.
2) Trend-lines show that expanding money-supply delay reaction to BTC price rising.
3) US credit rating declined. Limited # of buyers for US Treasuries. This is a big story.Where's the fuckin power box, Carol?Comment -
Chucky makes good points so I'll add to it.
SEC said Monday that there are going to be crypto exemptions to speed up innovation. They are going to leave those alone holding crypto in self custody. This is individual and corporate. While this deals more with DeFi, if the alts finally go on a run, bitcoin will run. There's been a Meme season, but no real alt-coin season or exponential run for bitcoin. If it breaks $112k, I see it going to $120k.Comment
