- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Official CryptoTalk Thread
Posted on 7/16/25 at 1:40 pm to Chorizo chang
Posted on 7/16/25 at 1:40 pm to Chorizo chang
quote:
Anybody want to throw up a hot take on where Eth aths this cycle
This is a really great question. Low cap alts like to 20-30x from cycle low during euphoria. That seems incredibly unlikely with ETH as it would put ETH at close to 30k. I think it’s best to use the previous cycle ATH as a guide for ALTs because that’s where a lot of nerds got burned and will sell because they can finally break even.
Using trends from the last two seasons, anything greater than 3x previous ATH is a fantasy, absent some kind of major change.
This would put the highest ETH can go at 8-15k. 15k still seems a little high but within the realm of possibility, I suppose. I’d probably start selling at 8-10k if I owned any ETH.
This post was edited on 7/16/25 at 1:51 pm
0
Posted on 7/16/25 at 1:41 pm to Hateradedrink
Was that the MT Gox dump? FBI acquired it and has to sell it? That what they are talking about?
Posted on 7/16/25 at 1:42 pm to 03 West CoChamps
Something like that, it was BTC the DOJ seized.
Posted on 7/16/25 at 1:48 pm to Chorizo chang
<---- Unashamed Ethereum bull, so take my bias into account when reading below.
Totally useless prediction by me: ~$9k. I'd like to see $12k, but I don't see that likely happening. $18k is my dream number for desk-shitting (who's desk do you shite on if you're the boss), but that ain't happening anytime soon.
I'm with you on maybe underestimating institutional money. If they can get a staking ETF approved, that goes a long way. ETH treasuries are also another wildcard. Hell, Peter Thiel just bought a huge chuck of Bitmine Immersion Technologies, so who knows where we go. He sees an upside, but he also has enough money throw shite at a wall to see what sticks.
I think the Ethereum adoption curve is going to be steep. GENIUS act/stablecoin stuff ongoing today in Congress, plus tokenization of stocks and RWA's. I think Ethereum as a network has been battle-tested enough to move into the big leagues, and with it goes the value of ether.
Totally useless prediction by me: ~$9k. I'd like to see $12k, but I don't see that likely happening. $18k is my dream number for desk-shitting (who's desk do you shite on if you're the boss), but that ain't happening anytime soon.
I'm with you on maybe underestimating institutional money. If they can get a staking ETF approved, that goes a long way. ETH treasuries are also another wildcard. Hell, Peter Thiel just bought a huge chuck of Bitmine Immersion Technologies, so who knows where we go. He sees an upside, but he also has enough money throw shite at a wall to see what sticks.
I think the Ethereum adoption curve is going to be steep. GENIUS act/stablecoin stuff ongoing today in Congress, plus tokenization of stocks and RWA's. I think Ethereum as a network has been battle-tested enough to move into the big leagues, and with it goes the value of ether.
Posted on 7/16/25 at 1:50 pm to Hateradedrink
quote:
they may be talking about the BTC the DOJ had from the Silk Road days. Biden sold it all off before Trump took office, probably to be a dick.
I was under the impression that it legally had to be sold. I could be mistaken. Similar to a car they seize in drug bust.
Posted on 7/16/25 at 1:52 pm to BottomlandBrew
I think you’re correct but there was some pressure to change how things were done for this, iirc.
I wasn’t following it too close at the time but there was some noise that we should keep it and use it to start the reserve.
I wasn’t following it too close at the time but there was some noise that we should keep it and use it to start the reserve.
Posted on 7/16/25 at 4:06 pm to Hateradedrink
The difference in vol between now and a month ago is wild. The animal is out of its cage.
Posted on 7/16/25 at 6:30 pm to Hateradedrink
I thought the US Strategic Reserve still has 198,000 Bitcoin. David Sacks stopped what Biden had set in motion back in March or at least that's what I read back then. In searching again all I can find is that it has approximately 200,000 BTC. Are you guys finding otherwise?
Posted on 7/16/25 at 6:54 pm to beaverfever
quote:Assume you are talking about BTC. I looked at a chart of the volume of Bitcoin sold on Bitcoin exchanges in total daily.
The difference in vol between now and a month ago is wild. The animal is out of its cage.
The current volume is about 3X from a month ago. However, zooming out to 3 years ago shows volume decreasing.
Here's a 30 DAY CHART
Here's a 3 YEAR CHART
There's a ton of Bitcoin ETF daily trading volume that is obviously not included. BlackRock, Fidelity, etc just buy or sell the daily difference in Bitcoin ETF Bitcoin equivalent buying on exchanges. So you would think that the more Bitcoin that the ETFs grow and acquire, the less volume on the actual exchanges.
Even then, a 3X growth in actual Bitcoin traded on exchanges from a month ago is impressive.
Posted on 7/16/25 at 9:07 pm to 98eagle
Very cool. Yeah volume will definitely trend down in the long run. Trading a unit of something valued at $4k is entirely different than trading a unit of something valued at $120k.
There will also eventually be a shift in how sticky bitcoin ownership is. When people actually believe it is better than the dollars they’re trading for, trading won’t be as attractive of a proposition. There’s still a massive amount of cognitive dissonance experienced when owning bitcoin. Changing your default definition of money doesn’t happen overnight.
There will also eventually be a shift in how sticky bitcoin ownership is. When people actually believe it is better than the dollars they’re trading for, trading won’t be as attractive of a proposition. There’s still a massive amount of cognitive dissonance experienced when owning bitcoin. Changing your default definition of money doesn’t happen overnight.
Posted on 7/16/25 at 9:18 pm to 98eagle
ETFs outside of Blackrock only bought $15M in btc today. Blackrock bought ~$760M today.
To Bama’s point, that is absolutely not retail.
The buyers have arrived. Flows are only growing. I can’t fathom selling huge quantities here.
To Bama’s point, that is absolutely not retail.
The buyers have arrived. Flows are only growing. I can’t fathom selling huge quantities here.
This post was edited on 7/16/25 at 9:21 pm
Posted on 7/16/25 at 9:47 pm to beaverfever
Very good observation on the 3 year chart that is so obvious but I didn't think about. Definitely Bitcoin's significantly higher price reduces volume. Also agree with you and Bama about all of the institutional buying. That was my point about Bitcoin not being at a top yet and I expect to see Bitcoin hit $200K or higher this year. Massive institutional demand from an increasing number of big buyers like companies, nations, states and pension funds all in the early stages of a race to compete for their share of the pie and not be left out. It's really going to be a nice run up in my opinion. Price manipulation by whales to lower prices so they can accumulate more will be less and.less effective.
Posted on 7/17/25 at 6:35 am to beaverfever
Posted on 7/17/25 at 6:51 am to Hateradedrink
They rolled out their new Base app yesterday.
Coinbase steps into consumer market with stablecoin-powered ‘everything app’ that goes beyond trading
quote:
The “Base App,” which replaces Coinbase Wallet, will combine wallet, trading and payment functions as well as social media, messaging and support for mini apps – all running on the company’s homegrown public blockchain network Base, which is built on Ethereum.
Coinbase steps into consumer market with stablecoin-powered ‘everything app’ that goes beyond trading
Posted on 7/17/25 at 7:10 am to BottomlandBrew
Also read Trump bought more ETH.
Regardless of how you feel about the man, position yourself to make money when he makes money….
Regardless of how you feel about the man, position yourself to make money when he makes money….
Posted on 7/17/25 at 8:59 am to Hateradedrink
quote:
Coinbase app now 137 from 386 in App Store
Oh shite. Could be game time for the alt boys.
Posted on 7/17/25 at 9:08 am to jmcwhrter
quote:I guess the story has become true, maybe just a couple years later than initially assumed.
Same old story .. "big money coming in! Institutions! Six figures in no time!"
Posted on 7/17/25 at 10:34 am to jmcwhrter
quote:
They're coming to "regulate" this asset until it moves 1-2% a year at their control - like gold
Like gold? Un sir are you aware gold is outpacing stocks the last 25 years?
Posted on 7/17/25 at 1:17 pm to jmcwhrter
quote:
They are not coming to help make you a millionaire. They're coming to "regulate" this asset until it moves 1-2% a year at their control - like gold
For argument's sake let's say you are 100% accurate in that institutions are coming to regulate BTC until it moves 1-2% per year. What you're failing to realize is for this to even be possible, they're going to have to pay millions for my BTC, and do the same for tens of millions of others.
Posted on 7/17/25 at 2:06 pm to David_DJS
jmc said that nonsense 4.5 years ago. I wonder if his mind has changed (it hasn't)
Page 2222 of 2240
Popular
Back to top
Follow TigerDroppings for LSU Football News