Crypto-trading thread

1,358,641 Views | 11917 Replies | Last: 6 days ago by MaroonStain
Yukon Cornelius
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AG
Potentially. I expect we test 100k soonish
jamey
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AG
Yukon Cornelius said:

Breaking out after market close…


Looks like everything is up on the day

BTC +5.2%
ETH +7.9%
SOL +5.9%
HBAR 7.6%
highvelocity
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AG
Seeing green across the board pleases me
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Yukon Cornelius
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AG
Ditto. Hopefully we've come out of the shortest bear season ever. I do think institutions will front run the front run on the halving. I'm bullish.
@NFLPlayerProps
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2026 ATH IMO
Yukon Cornelius
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AG
Agreed. Going to be big year.
jamey
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AG
Yukon Cornelius
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AG
Banks are big mad.
jamey
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AG
jamey
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AG

Did not have BMNR investing in Mr Beast on today's bingo card





MRB10
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AG
No better way to keep ethereum a hot topic than to invest $200M in the biggest content creator in the world.
“There is no red.
There is no blue.
There is the state.
And there is you.”

“As government expands, Liberty contracts” - R. Reagan
Yukon Cornelius
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AG
I don't know how I feel about that. Feels a little degen.
TxAG#2011
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4 years ago that would be a obvious market top sign but not so sure today.

Pretty funny, he's a smart guy so I think it's a good sign.
jamey
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AG
Yukon Cornelius said:

I don't know how I feel about that. Feels a little degen.


I dont know about degen, but cant decide if its a smart way to take ethereum directly to the people or desperation

Considering adding another 10% to my bmnr bag since its down over 4% vs eth down 1.5%
LMCane
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Michael Novogratz was on CNBC this morning

what is the effect of mass adoption of stable coin to the price of Bitcoin?

wouldn't that erode the value of BTC if people are buying stable coins?
jamey
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AG
LMCane said:

Michael Novogratz was on CNBC this morning

what is the effect of mass adoption of stable coin to the price of Bitcoin?

wouldn't that erode the value of BTC if people are buying stable coins?


Even Cathy Woods has said as much recently

More specifically people have stated that stablecoin adoption has removed 1 of the 2 BTC use cases which is as a payment rail. Though it would still maintain its main use case as a store of value or digital gold.


I want to say CWood reduced her BTC price outlook as a result only slightly, something like from 1.5 million to 1.3 million for BTC resulting from the loss of the payment rail use case
Yukon Cornelius
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That's why the narrative is btc is digital gold. Fundamentally btc has failed to be money. Even gold has failed too. Speculative assets make for poor money.

There's a few of bear cases for btc long term too.
highvelocity
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AG
if BTC is not going to be used as pretty much a credit card, what is the point of it
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TxAG#2011
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Bitcoin failed as a regular payment system like 5 years ago
jamey
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AG
highvelocity said:

if BTC is not going to be used as pretty much a credit card, what is the point of it


No different than gold, which also isn't used a credit card. If it were, it would be a heavy and awkward CC.
Yukon Cornelius
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AG
To make money?
Double Oaked
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Stablecoins are just a digital USD. So if you are not in the US, don't trust the Dollar, or want to diversify from cash, then the BTC thesis hasn't changed.
highvelocity
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AG
this makes sense. thank you
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MRB10
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AG
TxAG#2011 said:

Bitcoin failed as a regular payment system like 5 years ago


This is like calling the game in the 2nd inning.

Bitcoin absolutely can be used as a payment system. Go play with Strike, which gives you the option to transact and convert between currencies via on chain or lightning rails, and come back and tell me it's not a viable payment system. Whether people choose to use bitcoin or dollars for a transaction is an entirely different discussion.
“There is no red.
There is no blue.
There is the state.
And there is you.”

“As government expands, Liberty contracts” - R. Reagan
Yukon Cornelius
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AG
Did a btc transaction the other day. Took over an hour and I paid the suggested high gas fee. It doesn't compare to something like ethereum network. There just better technology now days in my opinion.
Wrighty
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AG
What is the best argument against this hypothesis?

Hypothesis: The current Crypto coins (Bitcoin, Eth, etc.) have an end-game value of zero because:
1) Blockchain technology will eventually be incorporated into USD, Euro, etc. Therefore separate cryptocoins aren't necessary in order to complete instant and recordable transactions.
2) Bitcoin has no intrinsic value. Bitcoin/crypto as a rare asset is only valuable because people have voted with their wallet that its valuable. There is not an underlying use for it which gives a real value that can be quantified.
3) Governments will not allow a cryptocurrency to replace their own currency, and so the only value comes from being a limited supply item, but as mentioned in #2 there is no underlying intrinsic value.
4) At any moment, a new cryptocurrency could replace the current crypto's, with a better technology for use as a currency perhaps, rendering the current crypto's worthless.
AggieT
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AG
The same things could be said about fiat currency.
TxAG#2011
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MRB10 said:

TxAG#2011 said:

Bitcoin failed as a regular payment system like 5 years ago


This is like calling the game in the 2nd inning.

Bitcoin absolutely can be used as a payment system. Go play with Strike, which gives you the option to transact and convert between currencies via on chain or lightning rails, and come back and tell me it's not a viable payment system. Whether people choose to use bitcoin or dollars for a transaction is an entirely different discussion.


The 2nd inning was 10 years ago
MRB10
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AG
The 2nd inning was in 2016 before Segwit was even rolled out? You must be trolling.
“There is no red.
There is no blue.
There is the state.
And there is you.”

“As government expands, Liberty contracts” - R. Reagan
LMCane
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thanks Jamey

good info there.

1.3 million dollars!??!!?

no @#$#@ way
TxAG#2011
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MRB10 said:

The 2nd inning was in 2016 before Segwit was even rolled out? You must be trolling.


Segwit was a **** show.

My evidence I am correct is that there has been absolutely zero adoption using it as a payment mechanism even since then. Not even a little. Zero.

The mempool has been mostly just empty
MRB10
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AG
Why not use lightning? It's faster and the fees are usually a couple cents.
“There is no red.
There is no blue.
There is the state.
And there is you.”

“As government expands, Liberty contracts” - R. Reagan
MRB10
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https://www.forbes.com/sites/digital-assets/2025/11/11/bitcoin-is-a-step-closer-to-being-money-with-square-bitcoin-launch/

Again, the consumer deciding whether or not to use it over dollars is a different discussion.
“There is no red.
There is no blue.
There is the state.
And there is you.”

“As government expands, Liberty contracts” - R. Reagan
jamey
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AG
LMCane said:

thanks Jamey

good info there.

1.3 million dollars!??!!?

no @#$#@ way


I forget what her time horizon was on that but its not anytime soon.

I think most pro bitcoiner talking heads think its worth that much at some point in the next decade.
Woods and others are just saying stablecoins puts a dent in BTC

Personally I dont see why anyone would use something with high volitility for payment. Use something that wont be worth several percent if not more or less within days
MRB10
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AG
Personally, I don't see why anyone would pay for typical goods in bitcoin over the currency that is being inflated away at a rapid pace.

If one is of the opinion that Bitcoin is the better money long term, and I can buy what I need with the option that sucks to save with but is still widely accepted, I'm off loading the ****ty money 10 times out of 10.

My Bitcoin gets to sit and look pretty until no one wants my dollars anymore.
“There is no red.
There is no blue.
There is the state.
And there is you.”

“As government expands, Liberty contracts” - R. Reagan
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