Might have been a hack...

Per Coinbase exec

Doubt it. Usually hacks start spreading the crypto around as fast as possible to try and hide it.

My spidey sense is feeling a sunday night BTC pump toward price discovery. Guess we will see.

I like your senses. Let's HOPE!

Yukon Cornelius said:

---

14 year bitcoin wallets moving billions of btc.

---

Still waiting on that time machine

what's the optimistic case for Bitcoin ever reaching $200,000?

and what is the current tax rate under Trump for gains in BTC when you sell?

Bitcoin is taxed at your short or long term capital gains rate. Which varies depending on your tax bracket.

So wanted some opinions. Robinhood is running a bonus right now (through today). Any crypto deposit into their custody gets a 2% cash bonus paid out immediately. Caveat is you have to keep with them for 1 year. I have the vast majority of my BTC in cold storage. The cash bonus is very tempting but having a custodian holding my BTC makes me nervous for a whole year. Anyone taking advantage of this?

LMCane said:

---

what's the optimistic case for Bitcoin ever reaching $200,000?

and what is the current tax rate under Trump for gains in BTC when you sell?

---

i think $185k - $200k by end of year, imo.

Longterm its going to $4m - $6m a coin in my lifetime,

these are all just my opinions do your own research

Hard pass for me

You buy any ibit calls? Doubled my position today in those

We're consolidating so nicely right now. The break out is going to be violent.

Bag said:

---

LMCane said:

---

what's the optimistic case for Bitcoin ever reaching $200,000?

and what is the current tax rate under Trump for gains in BTC when you sell?

---

i think $185k - $200k by end of year, imo.

Longterm its going to $4m - $6m a coin in my lifetime,

these are all just my opinions do your own research

---

If you follow power law mathematics 2040 is over $4M. Not sure how old you are but I hope you live another 15 years!

fauxstradamus said:

---

Bag said:

---

LMCane said:

---

what's the optimistic case for Bitcoin ever reaching $200,000?

and what is the current tax rate under Trump for gains in BTC when you sell?

---

i think $185k - $200k by end of year, imo.

Longterm its going to $4m - $6m a coin in my lifetime,

these are all just my opinions do your own research

---

If you follow power law mathematics 2040 is over $4M. Not sure how old you are but I hope you live another 15 years!

---

I wonder how much $4M will be worth in 2040 in today's dollars? Maybe $1M?

We are consolidating at ATH too. Just crazy. Looking at the daily chart looks so insanely bullish to me.

Thunderstruck xx said:

---

fauxstradamus said:

---

Bag said:

---

LMCane said:

---

what's the optimistic case for Bitcoin ever reaching $200,000?

and what is the current tax rate under Trump for gains in BTC when you sell?

---

i think $185k - $200k by end of year, imo.

Longterm its going to $4m - $6m a coin in my lifetime,

these are all just my opinions do your own research

---

If you follow power law mathematics 2040 is over $4M. Not sure how old you are but I hope you live another 15 years!

---

I wonder how much $4M will be worth in 2040 in today's dollars? Maybe $1M?

---

If you assume the purchasing power/debasement of the dollar is roughly 7% per year then about 1.45M

Pretty depressing when you do the math.

Yukon Cornelius said:

---

Bitcoin is taxed at your short or long term capital gains rate. Which varies depending on your tax bracket.

---

thanks!

so if I bought originally 5 years ago that is short term gain or long term gain?

I am 54 now- so I hope so!!

I WILL TAKE IT!

Or buy it in your 401K, tax deferred

Eth treasury companies are getting a lot of run right now.

IMO eth is the play right now.

A narrative will evolve that eth is digital oil. Btc being digital gold. Sits on your balance sheet to be borrowed against. Eth sits on your balance sheet which can be borrowed against, earns a yield and is utilized for transactions.

Would be very careful with ETH. Might outperform BTC temporarily but long term it will trend to zero.

For alts I kinda prefer SOL. Very small percentage of portfolio though so my conviction is low. I think ETH has a big advantage right now in the alt space because both coinbase and robinhood are using the layer 1 for RWA. SOL has the advantage with volume, transaction speed, costs, etc.

I actually have very little ETH or SOL right now though. My play is BTC and the exchanges (big positions in COIN, HOOD and HYPE). I got lucky with getting CRCL at IPO and will buy more when price comes down. I will also strongly look at Gemini as a play when it IPO's.

Not a big trader, I just look for value in long term holds

I'm looking at what JP Morgan is doing. Trillions of bank to bank transactions will be on base.

Let's say it's the future, and bitcoin/satoshi is the main currency. What purpose does an ADA or ETH coin serve? Are they like a currency with an exchange rate to bitcoin, or do they really lose all their value? If the Cardano network becomes the main engine to connect all crypto banking with fast transactions and trust/security, does the ADA coin have no value as a currency?

I can't speak to ADA. Never used it nor know how that blockchain works. Eth is used for transactions as the fee and used to secure the network. It's also being used as collateral for stable coins to a large degree as well.

Yukon Cornelius said:

---

I can't speak to ADA. Never used it nor know how that blockchain works. Eth is used for transactions as the fee and used to secure the network. It's also being used as collateral for stable coins to a large degree as well.

---

So you're saying that holding on to ETH means you just pre-purchased your transaction fees, but you couldn't use ETH on its own to buy anything?

I'm not saying that at all. You're not JUST prepaying fees. Maybe I don't understand your hypothetical scenario correctly. Eth is used for transactions. More volume means more eth is in demand just for usage of the network. Also there's the speculative aspect to it for people to buy and hold. There's also the aspect banks and whoever is doing billions/trillions on it will stake to secure the network, which is increase buying pressure and reduced selling pressure. You can use eth today to pay for stuff. There's a couple of apps/sites you can online purchase things with eth. You can also get a card that when you use it for everyday stuff uses eth as your capital. Eth is also being used as collateral for loans so that's another point which drives price.

Thunderstruck xx said:

---

Let's say it's the future, and bitcoin/satoshi is the main currency. What purpose does an ADA or ETH coin serve? Are they like a currency with an exchange rate to bitcoin, or do they really lose all their value? If the Cardano network becomes the main engine to connect all crypto banking with fast transactions and trust/security, does the ADA coin have no value as a currency?

---

ADA and ETH would basically be alternative currencies. They'd all have exchange rates to each other the same way foreign currency markets all offer exchange rates between multiple currencies. ADA is Cardano's native coin, so in this hypothetical ADA probably isn't going anywhere. What it'll all come down to is who accepts what coins and how easy and fast transactions process. People may maintain wallets for everything and probably have automated systems to select the best currency for a transaction based on current network traffic, transaction processing cost, current exchange rates, etc.

Thunderstruck xx said:

---

Yukon Cornelius said:

---

I can't speak to ADA. Never used it nor know how that blockchain works. Eth is used for transactions as the fee and used to secure the network. It's also being used as collateral for stable coins to a large degree as well.

---

So you're saying that holding on to ETH means you just pre-purchased your transaction fees, but you couldn't use ETH on its own to buy anything?

---

ETH can be used to buy things, but it's also used to back other coins the same way countries can use gold or foreign currency reserves to back their own money.

ETH is used in ETH transactions as the fee. Basically, when you want to execute a transaction, you'll see the necessary processing fee in ETH and you can specify the max amount you want to spend in order to have your transaction processed. How much it costs depends on network traffic and the complexity of the transaction. You can also offer a transaction tip to incentivize miners to prioritize your transaction.

Think of it like getting a hotel in Vegas. The price will depend on how booked the hotel is, whether it's a weekend, and if there's a lot going on locally. You get to decide if you want to pay that much or wait or shop around. When you show up and want to get into your room really fast without waiting on the long check in line, you can also choose to tip someone to check you in quicker or have a room prepped for you so you don't have to wait.

Also lots of defi projects on top of eth - im using CRV, for example, that I lock to get fees and vote for extra fees for liquidity pools.

BTCs 4th attempt to break out. Let's go

What calls did you end up with?

Well well well....look at $ETH...

Ibit 62 and 66. Both expire in Dec. I'll add more calls if we confirm a break out.

Wrong emoji.