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re: Official CryptoTalk Thread

Posted on 3/13/24 at 7:53 am to
Posted by I Love Bama
Alabama
Member since Nov 2007
37764 posts
Posted on 3/13/24 at 7:53 am to
quote:

cant we all just get along


Posted by I Love Bama
Alabama
Member since Nov 2007
37764 posts
Posted on 3/13/24 at 7:55 am to
Also, we are a few thousand away from the inflation adjusted all time high.


LINK
Posted by 98eagle
Member since Sep 2020
1998 posts
Posted on 3/13/24 at 8:10 am to
quote:

$75,000 this week?


Most likely, yes. Seems like Bitcoin wants to stay in a range for several days, then blast up several thousand, then stay in a range for several more days again, then blast up again. It's like a volcano perculating just waiting for the big one.
Posted by I Love Bama
Alabama
Member since Nov 2007
37764 posts
Posted on 3/13/24 at 8:14 am to
I still can't get over these ETF inflows.

Every ETF expert was expecting us to hit these inflow numbers over the course of a year and we have done it in weeks.

Bitcoin ETFs have blown away every other ETF launch in history.

I'm expecting this is the year other companies and countries will start the Micro-strategy plan and putting it on their balance sheet.

My only bearish thesis is I am still a doomer on the overall economy. If trad fi blows up this year, Bitcoin will draw down at least double what the stock market does.
Posted by BottomlandBrew
Member since Aug 2010
27244 posts
Posted on 3/13/24 at 8:14 am to
Grayscale outflow slowing. ETF inflows increasing.

In other news, ETH's Dencun upgrade goes live in about 30 minutes. Let the proto-danksharding commence.

This post was edited on 3/13/24 at 8:21 am
Posted by The Baker
This is fine.
Member since Dec 2011
16196 posts
Posted on 3/13/24 at 8:32 am to
quote:

proto-danksharding


How did they come up with this name?
Posted by Art Blakey
Member since Aug 2023
103 posts
Posted on 3/13/24 at 8:37 am to
quote:


My only bearish thesis is I am still a doomer on the overall economy. If trad fi blows up this year, Bitcoin will draw down at least double what the stock market does.


Counterpoint: we're in fiscal dominance, deficits are 7% of gdp and won't slow down, the $1T the govt is paying boomers in interest is stimulative, basically we're an emerging market with GRC status. That's why Janet is primarily funding on the short end. Nominally everything should continue to pump.

The weakest link domestically is CRE and regional bank exposure to it. Last March btc rallied through the banking crisis. The walls of money flowing into the ETFs represent millions of tiny allocations from individual funds and investors. If tradfi grenades (highly unlikely in an election year) you want to liquidate your highest exposure first--Mag 4. It's possible btc rallies through a blow up, especially one originating in CRE.

By far the biggest threat to tradfi is the BOJ exiting yield curve control which would unwind the yen carry trade. They wouldn't do that unannounced and the amount of QE the Fed would be forced into would dwarf covid. If that were to happen it'd be a replay of March 2020, one massive deep V dip and recovery.
Posted by 98eagle
Member since Sep 2020
1998 posts
Posted on 3/13/24 at 8:39 am to
Yeah, the in-flows are mind boggling for sure. Over $1B daily.

I also read where Coinbase is going to follow the MicroStrategy Bitcoin acquisition plan. Just imagine if thousands of companies try to follow the MicroStrategy Bitcoin plan. They will all have to be on the MicroStrategy "Satoshis acquisition plan" instead because the Bitcoin plan will not be available.

It definitely would be nice if tradfi could hold up for a few more decades while Bitcoin blasts upward indefinitely.
This post was edited on 3/13/24 at 8:56 am
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80856 posts
Posted on 3/13/24 at 9:01 am to
quote:

I also read where Coinbase is going to follow the MicroStrategy Bitcoin acquisition plan.
Coinbase did issue $1 billion of convertible notes BUT I would be absolutely shocked if they bought any BTC with it. Very low odds - they are most definitely not going to follow that Saylor strategy.

Bump this when I'm wrong, I will be very happy to be wrong here
Posted by Art Blakey
Member since Aug 2023
103 posts
Posted on 3/13/24 at 9:06 am to
quote:

Coinbase did issue $1 billion of convertible notes BUT I would be absolutely shocked if they bought any BTC with it. Very low odds - they are most definitely not going to follow that Saylor strategy.

Bump this when I'm wrong, I will be very happy to be wrong here


They're probably aiming to corner the cartoon monkey market.
Posted by CE Tiger
Metairie
Member since Jan 2008
41587 posts
Posted on 3/13/24 at 9:10 am to
quote:

Would like to hear what others are dabbling in?


Messed around on base chain last night bought some EarnFi which pays you eth every few hours if you connect wallet. It’s transaction less staking so your EarnFi never leaves your wallet but it reads your amount and sends you some eth.

Next a real risky play but Poke is a Pokemon game where you pay to hatch eggs and depending which Pokemon you get determines your apr ranging from 5%-40% paid in poke you can use to get more eggs and increase the Apr

Base is pretty solid chain and Coinbase lets you send over from Eth for pretty cheap from the Coinbase app
Posted by Odinson
Asgard
Member since Apr 2014
2761 posts
Posted on 3/13/24 at 9:58 am to
I like to stay ahead of the pack.

Been accumulating in the quantum computing narrative. I believe that will be the next frenzy after AI.
Posted by CE Tiger
Metairie
Member since Jan 2008
41587 posts
Posted on 3/13/24 at 11:52 am to
Got some Plays?
This post was edited on 3/13/24 at 11:53 am
Posted by Odinson
Asgard
Member since Apr 2014
2761 posts
Posted on 3/13/24 at 12:35 pm to
Cell, Qanx

It’s going to be a race for all blockchains to be QR. Even Papa BTC better watch its back. Just something to be aware of bc it’s coming sooner rather than much later.

Posted by I Love Bama
Alabama
Member since Nov 2007
37764 posts
Posted on 3/13/24 at 12:39 pm to
quote:

Even Papa BTC better watch its back.


A valid concern. I am expecting there to be a fork at some point in the future to address this.

How many years away do you think?

I have a friend who works for NASA for a QC development arm and he still thinks we are 5 years away from this being a reality but getting much closer.
Posted by Odinson
Asgard
Member since Apr 2014
2761 posts
Posted on 3/13/24 at 12:46 pm to
If you would have asked me a year ago, I would have said 5-7 years. But with the current pace of technology, everything is on steroids so I would guess within a 2-3 years. When Satoshi’s stack moves, we’re all in trouble lol.
Posted by I Love Bama
Alabama
Member since Nov 2007
37764 posts
Posted on 3/13/24 at 3:18 pm to
quote:

When Satoshi’s stack moves, we’re all in trouble lol.


I'm in so deep I can't even read this without feeling sick.

I've got everything on the line this cycle. All In.

My only fall back is my company. It's doing well now but who knows in a few years.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80856 posts
Posted on 3/13/24 at 3:21 pm to
quote:

I'm in so deep I can't even read this without feeling sick.

I shuttered when I read that sentence as well
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 3/13/24 at 3:25 pm to
Who bought coq inu meme?

Been a great one for me.
Posted by umrebel2009
Member since Feb 2010
7304 posts
Posted on 3/13/24 at 5:18 pm to
Saylor working up another $500 million in convertible notes to buy Bitcoin according to his latest post
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