ATH

imrickjamesbioch

K, first off alt season already happened… That occurred when BTC hit an ATH. Regardless, if there is another bull run… BTC is guaranteed to go up. However not all shit coins will go up. I get it, more risks equal more rewards so more power to you if you wish to gamble more with your investments (money). However it’s bad advice to tell folks to get out of BTC and invest in alt coins. Only 25% of people who invest in crypto actually made money and that percentage drops to 10% with new investors. I would image those numbers will drop more this year as 4 years ago there were about 2400 cryptocurrencies (alt coins), today there are about 13,000 coins. Personally I couldn’t care less if you are anyone or anyone else wants to invest in alt coins but it’s silly to state BTC is the overvalued when it’s the only currency that drives the market up or down.

geppelle

Yes because ATH is basically a single point in time. Take an average price over few weeks at least to compare assets. It makes no sense to compare on very precise time points you are unlikely to trade.

noncognitive

Not returning to ATH doesn't mean it's bleeding red. ETH outperformed BTC in 2020 and 2021

EarningsPal

Daily active addresses, increasing near ATH daily transactions, near ATH gas used, at ATH $0 inflation for rewards

BradVet

PEPE about to hit its ATH, 800%+ up over 90 days. Still holding from before binance listing, LFG!!!

BedBubbly317

I completely understand that. But that also doesn’t mean Bitcoin is right for that sort of individual and specific time frame then. Especially not in the midst of a bull run when its price is consistently hovering around its ATH.

Johan544

In the previous cycles, we only saw an alt-season after BTC made a new ATH and managed to break away from the previous one for good (which is something we haven't managed yet this time). In other words, alt-season takes place during the last BTC leg up of the bull run. If I were you, I'd wait until BTC reaches that point. If it doesn't and we enter a bear market from here, you're more protected than if you were in alts. If we reclaim $73k and successfully reach $75k and beyond, it's safe to assume we'll be seeing $80k and $90k and potentially $100k and above, which would mean alt-season is most likely on the menu.

danhauk

Bear market? BTC hit ATH two months ago after a 16-month run from 16k. It’s pulled back 13% since then

escodelrio

Historical Bitcoin prices for today, May 13th: 2024 - $62,897 2023 - $26,778 2022 - $29,284 2021 - $49,705 2020 - $9,299 2019 - $7,806 2018 - $8,694 2017 - $1,764 2016 - $455 2015 - $236 2014 - $434 2013 - $118 2012 - $4.9 2011 - $8.20 **Additional Stats:** Bitcoin's current market cap is $1.24 trillion. Bitcoin's current block height is 843286; with the average block time for the last 7 days being 10.68 minutes. Bitcoin's current block reward is 3.125₿, which is worth $196,553 per block. The next Bitcoin halving is anticipated to happen between 20-Mar-2028 to 20-Apr-2028; the block reward will fall to 1.5625₿. There are currently 19,252 reachable Bitcoin nodes. Bitcoin's average daily hashrate for the last 7 days is 577 exahashes per second. Bitcoin's average daily trading volume for the last 7 days is 53,207 ₿. Bitcoin's average daily number of transactions for the last 7 days is 550,110. Bitcoin's average transaction fee for the last 7 days is 31.47 sats/VB, with the average fee's USD amount being $3.88. There are currently 19.70M ₿ in circulation, leaving 1.30M to be mined. There are currently 2.52M ₿ held by companies, governments, DeFi, and ETFs, representing 12.77% of circulating supply. There are currently 54,008,720 nonzero Bitcoin addresses. Bitcoin's average daily price from 18-Jul-2010 to 13-May-2024 is $11,353. Bitcoin's average daily price for the year 2024 is $57,128. 1 US Dollar ($) currently equals: 1,590 satoshis; making 1 penny equal 15.9 sats. Bitcoin's minimum (closing) price for the year 2024 was $39,556.40 on 22-Jan-2024. Bitcoin's maximum (closing) price for the year 2024 was $73,066.30 on 13-Mar-2024. Bitcoin's minimum (intraday) price for the year 2024 was $38,546.90 on 23-Jan-2024. Bitcoin's maximum (intraday) price for the year 2024 was $73,740.90 on 14-Mar-2024. Bitcoin's largest daily decrease for the year 2024 was -$5,544.10 on 19-Mar-2024. Bitcoin's largest daily increase for the year 2024 was +$5,804.0 on 20-Mar-2024. Bitcoin's all-time high (intraday) was $73,740.90 on 14-Mar-2024. Bitcoin is down 14.71% from the ATH.

YasuotheChosenOne

Don’t forget most coins have been inflating this whole time. Double the total number of coins in circulation and you cut the ATH price in half for the same marketcap.

CointestMod

#Litecoin Con-Arguments Below is a Litecoin con-argument written by DaddySkates. > When LTC released, everyone was talking about it. In some time people started the saying about “LTC is the silver to BTC gold”. And frankly it used to be true. > > Nowadays people rarely talk about LTC anymore.. and when they do its in the connection with its founder selling his holdings at absolute ATH which made people run away from LTC not trusting them again. BTC is leader-less for a reason. > Satoshi knew that it will be more successful without a founding father. And its true. > > LTC isnt going to be “killed” by the lack of technology. Its because of the poor decisions that their leader dod without any care for the projects future. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Litecoin) to find submissions for other topics.

Noarchsf

It made it back up around $14-15 during the last little mini pump a couple of months ago. I don’t know if it will hit ATH in the 40s again, but I think 20 during a real bull run is possible. Holding primarily for staking rewards and airdrops, but my average cost is pretty low so it’s all gains for me regardless.

nthgen

Cosmos seems to do well, but its token, $ATOM seems very blah. I'm not expecting a new ATH for it ($45), but am curious to see if anyone thinks it could retrace back to $20?

escodelrio

Historical Bitcoin prices for today, May 12th: 2024 - $61,215 2023 - $26,799 2022 - $28,976 2021 - $49,384 2020 - $8,814 2019 - $6,985 2018 - $8,460 2017 - $1,686 2016 - $454 2015 - $242 2014 - $438 2013 - $115 2012 - $4.9 2011 - $6.30 **Additional Stats:** Bitcoin's current market cap is $1.21 trillion. Bitcoin's current block height is 843150; with the average block time for the last 7 days being 10.60 minutes. Bitcoin's current block reward is 3.125₿, which is worth $191,298 per block. The next Bitcoin halving is anticipated to happen between 19-Mar-2028 to 20-Apr-2028; the block reward will fall to 1.5625₿. There are currently 18,864 reachable Bitcoin nodes. Bitcoin's average daily hashrate for the last 7 days is 586 exahashes per second. Bitcoin's average daily trading volume for the last 7 days is 55,507 ₿. Bitcoin's average daily number of transactions for the last 7 days is 559,943. Bitcoin's average transaction fee for the last 7 days is 43.56 sats/VB, with the average fee's USD amount being $5.35. There are currently 19.70M ₿ in circulation, leaving 1.30M to be mined. There are currently 2.52M ₿ held by companies, governments, DeFi, and ETFs, representing 12.77% of circulating supply. There are currently 54,042,142 nonzero Bitcoin addresses. Bitcoin's average daily price from 18-Jul-2010 to 12-May-2024 is $11,343. Bitcoin's average daily price for the year 2024 is $57,083. 1 US Dollar ($) currently equals: 1,634 satoshis; making 1 penny equal 16.34 sats. Bitcoin's minimum (closing) price for the year 2024 was $39,556.40 on 22-Jan-2024. Bitcoin's maximum (closing) price for the year 2024 was $73,066.30 on 13-Mar-2024. Bitcoin's minimum (intraday) price for the year 2024 was $38,546.90 on 23-Jan-2024. Bitcoin's maximum (intraday) price for the year 2024 was $73,740.90 on 14-Mar-2024. Bitcoin's largest daily decrease for the year 2024 was -$5,544.10 on 19-Mar-2024. Bitcoin's largest daily increase for the year 2024 was +$5,804.0 on 20-Mar-2024. Bitcoin's all-time high (intraday) was $73,740.90 on 14-Mar-2024. Bitcoin is down 16.99% from the ATH.

grajnapc

I firmly believe as in the past it will drop significantly from its last ATH. Usually a 70-75% drop is a very good entry point. So if 75k was its top this time (not saying it is as we aren’t in a bear market), 18.7-22k would be your entry. Be patient. Someone just wrote 45k is the new 15k. That implies BTC will hit around 180k before dropping this time around. We shall see in a year or two

nthgen

Ethereum's ATH against Bitcoin was almost 7 years ago. SEVEN YEARS! 🪞🤡

Ofulinac

Not at these prices lol, the ceiling for Moons is sky high with the last ATH being reached just a month or two ago.

Ofulinac

They don't hate them, its just that many wish they failed, so they feel better about getting terrified and selling at 5 cents or less after Reddit left. The last ATH was without Reddit and was very recent, so no worries there, the best is yet to come.

Ofulinac

We hit an ATH after Reddit left rhe project to the community anyway. If you didn't sell before that, you made the right play in every sense.

RandomGuyWithNoHair

While I hate to read this and admit it, sadly it's true currently, most of the capital is only rotating into two sectors: memes and AI, while others will have to wait, I'm sure every coin will have it's pump mania like ending of 2021, which will indicate the final days of the bull run which haven't started for like 95% of alts but most of which will never touch ATH again, even if they do a 10x from current prices.

SwimOld5053

I still have some NEO from 2017 too. Last cycle top I was waiting for it to reach the previous ATH or past it, and unfortunately it didn't quite get there - close though. I didn't see, and obviously I regret it now. Will NEO see pump in the charts when we see this cycle tops? Yes, most likely. Will NEO get to the ATH? To be honest, I don't think so. Would it be stupid to sell NEO now at -95% ish? Yes, absolutely it would, in my personal opinion. If you are at loss or at break even, and don't have like 1M$ invested in -> then why the hell would you want to sell now?

CointestMod

#Ethereum Con-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: I support ETH wholeheartedly but nonetheless I can see its flaws > > ​ > > * **Decentralized? Hmm** > > The main flaw of ETH is that it’s probably not as decentralized as many people think. This is due to two reasons: > > **1. 72 million ETH was premined and gifted to investors/founders** > > Before ETH was launched in 2014 its founders approached investors and promised them coins for backing the project. This way 72 million coins were sold/given to investors and founders which is much more than 50% of the circulating supply today! (circulating supply on 29.03.2023: [122 millions](https://www.coingecko.com/en/coins/ethereum)) > > Of course we can presume that some of the coins were sold throughout the years as ETH price went from ICO’s 0.31$ (sic!) to almost 5k dollars at ATH in 2021 (a modest 16,000+ x return of investment if you’re wondering). But what if Ethereum Foundation and vanilla investors who are close with them manipulated the market (which is very possible to do when you own such a high % of all coins) and sold tops and bought lows to own even more coins? > > This is obviously just a speculation but the initial premining of coins is a fact and everyone should be aware of this. It might make you look at the POW->POS switch form a different perspective knowing that PoS is very beneficial for those who already have many coins (the rich get richer) > > **2. 1/4 of nodes run on Amazon servers** > > If you go on this site: [https://aws.amazon.com/blockchain/](https://aws.amazon.com/blockchain/) you can see that Amazon boasts that 25% of ETH nodes run on their servers. I think 25% is a very significant number. Can Ethereum be a truly decentralized blockchain if so many nodes use Amazon Web Servers? Is the motto “[empower the little guy, screw the big guy](https://www.cnbc.com/2021/05/18/why-ethereum-founder-vitalik-buterin-got-into-crypto-bitcoin.html?)” true if the little guys use the big guy’s service? I don’t think so > > Speaking of nodes… > > ​ > > * **It's so damn expensive to run ETH node!** > > To run a full ETH node you need 32 coins which even during this bear market amounts to almost 60k dollars: [https://ethereum.org/en/run-a-node/](https://ethereum.org/en/run-a-node/) > > So much for the empowering of the little guy! > > You can of course join pools but that’s not the same. Plus you risk losing your coins if the pool you joined turns out to be a bad actor. You have to take a good look at the pool before joining it and find out if it's trustworthy, transparent and what's its track record > > Speaking of high prices… > > ​ > > * **ETH gas fees are pain in the… wallet** > > As you probably know, all transactions on Ethereum blockchain are paid in ETH (gwei). There is nothing strange about that but since ETH puts a lot of focus on security, it means that storage and processing power costs more. And the more popular ETH becomes, the higher the cost of storage and processing power becomes = the gas fees are more expensive. It is not easy to solve this problem. Just look at Solana – it has very small fees but its security has more holes than a Swiss cheese. This is why there are second layer (L2) solution > > But layer 2 solutions have their own problems and they reduce security > > Speaking of security… > > ​ > > * **ETH might be deemed a security** > > Since the transition from PoW to PoS, Gary Gensler argues that ETH is a security. He uses [Howey Test](https://www.investopedia.com/terms/h/howey-test.asp) in his argumentation. But it doesn’t really matter what argumentation he uses. As long as Gensler holds any power, Ethereum and all PoS coins are in danger. Especially since the New York Attorney General’s Office (NYAG) filed a lawsuit against KuCoin. They said that KuCoin offers trading pairs for coins, including ETH, that are securities ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p793/top_coins_ethereum_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cpuu0f/daily_crypto_discussion_may_12_2024_gmt0/).

CointestMod

#Bitcoin Pro-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Bitcoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > For this entry I'm going to update an overhaul my previous argument. This one is going to be very long but also address new things. I'm going to try to be more rigorous. Have fun ! > > Last entry: > > > Writing a Pro argument for Bitcoin in 2023 seems complicated because everything has been said... or did it? > Edit: I have a small bag of Bitcoin currently valued around 630 bucks. I am also invested in crypto around 2100 bucks which are always moving when Bitcoin is moving. Financial disclosure should be mandatory in these arguments =) > > ​ > > # Bitcoin: A small introduction. > > Bitcoin is the most famous cryptocurrency. It was created by the mysterious Satoshi Nakamoto. The creation of Bitcoin is some of the most weird mystery ever. No one knows who Satoshi Nakamoto really is. > > Bitcoin was started as a way to circumvent traditional banking in the wake of the financial crisis and the bail out of banks. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > [Bitcoin Wikipedia](https://fr.wikipedia.org/wiki/Bitcoin) > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: [Bitcoin explained](https://www.youtube.com/watch?v=bBC-nXj3Ng4) > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so good. > > # Bitcoin is the king of POW: Why it matters and why we need a strong Bitcoin > > So as the title suggests it, the recent switch of ETH from POW to POS makes Bitcoin the sole serious POW cryptocurrency. In this write up, we are going to discuss the three main strength of Bitcoin, security, decentralization, and incentive for green energy production. Bitcoin is a highly liquid asset and has become nearly universally known as an investment. Many arguments have been made in favor of Bitcoin as an investment. It is interesting to delve into the limited supply of bitcoin. > ​ > Of course, the main feature of Bitcoin is the Permissionless aspect. This allows the unbanked to use a P2P service. > > # 1) Bitcoin: The Apex of Security. > > > Bitcoin is ultra secure thanks to its use of Blockchain technology and the way it is verified through proof of work. To explain this let me quote IBM: > > > > > Public blockchain networks typically allow anyone to join and for participants to remain anonymous. A public blockchain uses internet-connected computers to validate transactions and achieve consensus. Bitcoin is probably the most well known example of a public blockchain, and it achieves consensus through "bitcoin mining." Computers on the bitcoin network, or “miners,” try to solve a complex cryptographic problem to create proof of work and thereby validate the transaction. Outside of public keys, there are few identity and access controls in this type of network. > > > > [IBM on Blockchain security](https://www.ibm.com/topics/blockchain-security) > > ​ > Mining is measured in Hashrate. Here is the explanation of Hashrate: > > > > > Hash rate, sometimes referred to as hashrate, is a measure of the computing power on a cryptocurrency network that serves as a key security indicator. It measures the total computational power used by a “proof-of-work” (POW) cryptocurrency network to process transactions in a blockchain. > > > > [USNEWS explains hashrate](https://money.usnews.com/investing/term/hash-rate#:%7E:text=Hash%20rate%2C%20sometimes%20referred%20to,process%20transactions%20in%20a%20blockchain) > > ​ > So if the hashrate measures the security of the network, one may asks themselves: "Did the security of Bitcoin slowed when the price fell ?" > [The hashrate is near the ATH and growing making Bitcoin more and more secure as it continues to build over time](https://ycharts.com/indicators/bitcoin_network_hash_rate#:%7E:text=Basic%20Info,101.2%25%20from%20one%20year%20ago) > > ​ > So Bitcoin has never been as secure as it is today which makes it ultra valuable as a way to settle financial transactions. Yes holding Bitcoin for a long time is risky but using it as a medium to settle international transaction may currently be the securest and one of the best way to do so. > > > While Bitcoin is safe... what if a big part fails ? > > > # 2) Bitcoin mining: Too big to fail. > > So this write up could be seen as a POW write up, which it is to an extent. But Bitcoin offers its history and shows that it can survive the disparition of a big part of the network. > Decentralization allows for parts of the network to disappear and for the rest to take the mantle of securing the network. Yes, mining pools may grow too large for their own sake BUT in the end (nothing even matters) Bitcoin is heavily decentralized. It is so decentralized that, when China (which had a big part of Bitcoin mining) banned mining, Bitcoin just went through like nothing happened. Yes the hashrate fell a bit, the value too, but if we look back, it was nothing extraordinary. > > The resilience of Bitcoin is largely due to the fact that the hashrate symbolizes competition=> If the hashrate falls, then it is more profitable for other miners to keep mining or for new miners to start mining. This balance is what makes Bitcoin very resilient. > ​ > So if Bitcoin is highly secure and if it can survive part of the hashrate going bye bye, what makes it so good? What is the difference with any POW Cryptocurrency right now? > > > > # 3) Bitcoin: propping up the green energy sector. > > POW uses energy. One of the biggest concern about POW is the energy. While Ethereum was using GPUs and was asic resistant. Bitcoin mining is built differently. A long time ago, under oath, people discussed the environmental impact of Bitcoin Mining and I made a post explaining what was said: > ​ > The Energy Fud Was Killed > The most important thing that happened: The narrative that Bitcoin is too energy intensive was totally reversed. > Experts of the sector explained that, Wind Farms and Solar Farms, have a variable load. This variable load means that sometimes they lose money because they produce too much and there is not enough demand. Bitcoin mining provides a variable base load for these projects. What it means is that, mining can be turned on and off depending on demand. It was revealed that most of these wind and solar farms would simply not exist without Bitcoin Farming as baseline customers. > There are still miners that are using coal plants and fossil fuel but the leaders of the industry are developing in tandem with the green energy sector. > > My write up about the congressional hearing is still true and thanks to the infrastructure act, green energy will continue to grow and to be cheap. This will allow for a better mining infrastructure. > > [My post](https://www.reddit.com/r/CryptoCurrency/comments/s99phv/yesterday_one_of_the_most_bullish_events_ever/) > > > # ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7vq/top_coins_bitcoin_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds.

CointestMod

#Ethereum Con-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: I support ETH wholeheartedly but nonetheless I can see its flaws > > ​ > > * **Decentralized? Hmm** > > The main flaw of ETH is that it’s probably not as decentralized as many people think. This is due to two reasons: > > **1. 72 million ETH was premined and gifted to investors/founders** > > Before ETH was launched in 2014 its founders approached investors and promised them coins for backing the project. This way 72 million coins were sold/given to investors and founders which is much more than 50% of the circulating supply today! (circulating supply on 29.03.2023: [122 millions](https://www.coingecko.com/en/coins/ethereum)) > > Of course we can presume that some of the coins were sold throughout the years as ETH price went from ICO’s 0.31$ (sic!) to almost 5k dollars at ATH in 2021 (a modest 16,000+ x return of investment if you’re wondering). But what if Ethereum Foundation and vanilla investors who are close with them manipulated the market (which is very possible to do when you own such a high % of all coins) and sold tops and bought lows to own even more coins? > > This is obviously just a speculation but the initial premining of coins is a fact and everyone should be aware of this. It might make you look at the POW->POS switch form a different perspective knowing that PoS is very beneficial for those who already have many coins (the rich get richer) > > **2. 1/4 of nodes run on Amazon servers** > > If you go on this site: [https://aws.amazon.com/blockchain/](https://aws.amazon.com/blockchain/) you can see that Amazon boasts that 25% of ETH nodes run on their servers. I think 25% is a very significant number. Can Ethereum be a truly decentralized blockchain if so many nodes use Amazon Web Servers? Is the motto “[empower the little guy, screw the big guy](https://www.cnbc.com/2021/05/18/why-ethereum-founder-vitalik-buterin-got-into-crypto-bitcoin.html?)” true if the little guys use the big guy’s service? I don’t think so > > Speaking of nodes… > > ​ > > * **It's so damn expensive to run ETH node!** > > To run a full ETH node you need 32 coins which even during this bear market amounts to almost 60k dollars: [https://ethereum.org/en/run-a-node/](https://ethereum.org/en/run-a-node/) > > So much for the empowering of the little guy! > > You can of course join pools but that’s not the same. Plus you risk losing your coins if the pool you joined turns out to be a bad actor. You have to take a good look at the pool before joining it and find out if it's trustworthy, transparent and what's its track record > > Speaking of high prices… > > ​ > > * **ETH gas fees are pain in the… wallet** > > As you probably know, all transactions on Ethereum blockchain are paid in ETH (gwei). There is nothing strange about that but since ETH puts a lot of focus on security, it means that storage and processing power costs more. And the more popular ETH becomes, the higher the cost of storage and processing power becomes = the gas fees are more expensive. It is not easy to solve this problem. Just look at Solana – it has very small fees but its security has more holes than a Swiss cheese. This is why there are second layer (L2) solution > > But layer 2 solutions have their own problems and they reduce security > > Speaking of security… > > ​ > > * **ETH might be deemed a security** > > Since the transition from PoW to PoS, Gary Gensler argues that ETH is a security. He uses [Howey Test](https://www.investopedia.com/terms/h/howey-test.asp) in his argumentation. But it doesn’t really matter what argumentation he uses. As long as Gensler holds any power, Ethereum and all PoS coins are in danger. Especially since the New York Attorney General’s Office (NYAG) filed a lawsuit against KuCoin. They said that KuCoin offers trading pairs for coins, including ETH, that are securities ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p793/top_coins_ethereum_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cpuu0f/daily_crypto_discussion_may_12_2024_gmt0/).

CointestMod

#Ethereum Con-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: I support ETH wholeheartedly but nonetheless I can see its flaws > > ​ > > * **Decentralized? Hmm** > > The main flaw of ETH is that it’s probably not as decentralized as many people think. This is due to two reasons: > > **1. 72 million ETH was premined and gifted to investors/founders** > > Before ETH was launched in 2014 its founders approached investors and promised them coins for backing the project. This way 72 million coins were sold/given to investors and founders which is much more than 50% of the circulating supply today! (circulating supply on 29.03.2023: [122 millions](https://www.coingecko.com/en/coins/ethereum)) > > Of course we can presume that some of the coins were sold throughout the years as ETH price went from ICO’s 0.31$ (sic!) to almost 5k dollars at ATH in 2021 (a modest 16,000+ x return of investment if you’re wondering). But what if Ethereum Foundation and vanilla investors who are close with them manipulated the market (which is very possible to do when you own such a high % of all coins) and sold tops and bought lows to own even more coins? > > This is obviously just a speculation but the initial premining of coins is a fact and everyone should be aware of this. It might make you look at the POW->POS switch form a different perspective knowing that PoS is very beneficial for those who already have many coins (the rich get richer) > > **2. 1/4 of nodes run on Amazon servers** > > If you go on this site: [https://aws.amazon.com/blockchain/](https://aws.amazon.com/blockchain/) you can see that Amazon boasts that 25% of ETH nodes run on their servers. I think 25% is a very significant number. Can Ethereum be a truly decentralized blockchain if so many nodes use Amazon Web Servers? Is the motto “[empower the little guy, screw the big guy](https://www.cnbc.com/2021/05/18/why-ethereum-founder-vitalik-buterin-got-into-crypto-bitcoin.html?)” true if the little guys use the big guy’s service? I don’t think so > > Speaking of nodes… > > ​ > > * **It's so damn expensive to run ETH node!** > > To run a full ETH node you need 32 coins which even during this bear market amounts to almost 60k dollars: [https://ethereum.org/en/run-a-node/](https://ethereum.org/en/run-a-node/) > > So much for the empowering of the little guy! > > You can of course join pools but that’s not the same. Plus you risk losing your coins if the pool you joined turns out to be a bad actor. You have to take a good look at the pool before joining it and find out if it's trustworthy, transparent and what's its track record > > Speaking of high prices… > > ​ > > * **ETH gas fees are pain in the… wallet** > > As you probably know, all transactions on Ethereum blockchain are paid in ETH (gwei). There is nothing strange about that but since ETH puts a lot of focus on security, it means that storage and processing power costs more. And the more popular ETH becomes, the higher the cost of storage and processing power becomes = the gas fees are more expensive. It is not easy to solve this problem. Just look at Solana – it has very small fees but its security has more holes than a Swiss cheese. This is why there are second layer (L2) solution > > But layer 2 solutions have their own problems and they reduce security > > Speaking of security… > > ​ > > * **ETH might be deemed a security** > > Since the transition from PoW to PoS, Gary Gensler argues that ETH is a security. He uses [Howey Test](https://www.investopedia.com/terms/h/howey-test.asp) in his argumentation. But it doesn’t really matter what argumentation he uses. As long as Gensler holds any power, Ethereum and all PoS coins are in danger. Especially since the New York Attorney General’s Office (NYAG) filed a lawsuit against KuCoin. They said that KuCoin offers trading pairs for coins, including ETH, that are securities ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p793/top_coins_ethereum_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cpuu0f/daily_crypto_discussion_may_12_2024_gmt0/).

JaJe92

If people are bearish...it goes up If people are exalted...it goes down. I hope we reach newer ATH sooner, not down anymore.

SpiritedBuilder3

We lost 61 K back in April. That led to a 56 bottom. Touched and bounced. 64 is the resistance right now. We need 61 -62 for support in this consolidation. Right now is a search for support. A 40% retrace from the 73 high can still happen, which brings it to around 41ish. Right now we are around a 20-ish% retrace from the ATH of 2024. My hopium ball says this consolidation is a spring being wound tight. So many positive signals out there. I don’t see how a retrace below 41 would be possible. But, as always, no one knows shit about fuck.

Realistic_Olive_6665

I bought as much as I could after the FTX collapse. Anything under 20k, the old ATH, was a steal. I also bought a significant amount when the price crashed from the low 30s to the mid-20s. I assumed that the price would never fall below 20k again and that would be the last great opportunity.

TopAlert2383

All this FUD and we will see a new ATH in price soon. We already saw one for market cap.

don123xyz

He should go for the biggest amount he can spend on Bitcoin without having a heart attack when the price inevitably sinks by 80% after the ATH is achieved. This has happened in the last three cycles. If he can survive that then he'll be able to hold on to his BTC till bit-nirvana is finally achieved in about 10 to 20 years.

Simke11

I'd say it's the opposite. When BTC price is falling "lol its a scam". When price is at ATH "is now a good time to buy".

Mediocre_Horror_194

A lot of us bought more at cheaper prices after fomo into the market. Buying at ATH was never wise, but in ten years it doesn’t reslly matterr rgardless

NightLanderYoutube

Most meme coins never recover once they dump. Most people will just hodl through big loses. That's not beleiving in a project. Only good time to buy meme coins is to buy them before they are popular. And never at hugh ATH

theoHavingFun

Thank you for the suggestion. Were you able to buy 70% drop from ATH and sell and bought again? I thought it didn't go down that lower from ATH mostly though.

grajnapc

Either DCA as suggested or wait for Btc to drop at least 70% from its ATH and buy then. Only buy what you are willing to lose and be patient. Then sell after a 4-5x and repeat

mastetz01

How long you been around? BTC usually retraces 80% from ATH every cycle.

Chutney__butt

Set aside an amount that fits your budget to DCA weekly (I do $40). Over time you’ll catch highs and lows that will hopefully bring down your cost avg. I honestly don’t even look/think about my buy price anymore. Just accumulating coin. I may pause if BTC goes above current ATH, wait for it to moon, then start again to catch to slide down.

Mildmannered75

But wait, isn’t “this is the way” when you go all in @ ATH 🙌🏻💎

Generic_Globe

Hey man it's my opinion but you didn't offer any reason why it isnt. Its like 97% down from ATH but you expect that shit to bounce back? ATH was around time of launch and it has been crashing ever since.

escodelrio

Historical Bitcoin prices for today, May 11th: 2024 - $60,780 2023 - $26,984 2022 - $29,068 2021 - $56,696 2020 - $8,580 2019 - $7,190 2018 - $8,408 2017 - $1,819 2016 - $453 2015 - $242 2014 - $433 2013 - $116 2012 - $5 2011 - $5.50 **Additional Stats:** Bitcoin's current market cap is $1.20 trillion. Bitcoin's current block height is 843001; with the average block time for the last 7 days being 10.77 minutes. Bitcoin's current block reward is 3.125₿, which is worth $189,938 per block. The next Bitcoin halving is anticipated to happen between 19-Mar-2028 to 20-Apr-2028; the block reward will fall to 1.5625₿. There are currently 18,783 reachable Bitcoin nodes. Bitcoin's average daily hashrate for the last 7 days is 581 exahashes per second. Bitcoin's average daily trading volume for the last 7 days is 63,837 ₿. Bitcoin's average daily number of transactions for the last 7 days is 551,509. Bitcoin's average transaction fee for the last 7 days is 44.9 sats/VB, with the average fee's USD amount being $5.53. There are currently 19.70M ₿ in circulation, leaving 1.30M to be mined. There are currently 2.52M ₿ held by companies, governments, DeFi, and ETFs, representing 12.77% of circulating supply. There are currently 54,064,126 nonzero Bitcoin addresses. Bitcoin's average daily price from 18-Jul-2010 to 11-May-2024 is $11,333. Bitcoin's average daily price for the year 2024 is $57,051. 1 US Dollar ($) currently equals: 1,645 satoshis; making 1 penny equal 16.45 sats. Bitcoin's minimum (closing) price for the year 2024 was $39,556.40 on 22-Jan-2024. Bitcoin's maximum (closing) price for the year 2024 was $73,066.30 on 13-Mar-2024. Bitcoin's minimum (intraday) price for the year 2024 was $38,546.90 on 23-Jan-2024. Bitcoin's maximum (intraday) price for the year 2024 was $73,740.90 on 14-Mar-2024. Bitcoin's largest daily decrease for the year 2024 was -$5,544.10 on 19-Mar-2024. Bitcoin's largest daily increase for the year 2024 was +$5,804.0 on 20-Mar-2024. Bitcoin's all-time high (intraday) was $73,740.90 on 14-Mar-2024. Bitcoin is down 17.58% from the ATH.

Ofulinac

Yep, we were at an ATH like a month ago and now its dead

OderWieOderWatJunge

"There will always be a new ATH" would be a very good candidate. 70k after 69k right now lol

John_Crypto_Rambo

It just means buy as much as you can. It's at 2019 levels of dead in here somehow with BTC about to break ATH.

DrSpeckles

The bitcoin brigade always have a reason why it’s about to pump. It was the ETFs, then the halving, then when it drops that’s good too, buy in at ATH that’s good.. everything is god as long as you buy, buy, buy. Personally I use it like any other asset, go long/short according to my strategy. No one knows what’s going to happen next.

JaggaJazz

Tbf when non-coiners started buying BTC ATH I knew it was time to be bearish

qldvaper88

What do you mean it never reached its ATH in 2017?

Prestigious_Long777

We won’t. No way BTC hits 280k in 18 months. Might see a new ATH for sure but 280k is too high of a price point.

Mediocre_Horror_194

Bruh, look at the ETFs. Retail is already on it, big time. We have been chilling on old ATH values since PRE halving. You are right it is much different, it is insanely bullish early on.

halfbillion2

Still planning to hold it. I have been holding my oldest bitcoins for 14 years. I only sell some bitcoins to maintain my crypto holdings to no more than 80% of my net worth. So typically whenever Bitcoin reaches a new ATH I sell a few million USD here and there. I think this capping at 80% works really well for me. The other 20% is generational wealth, invested mostly in the S&P500 and in multiple residences.

WVEers89

He for sure fucked up but he and everyone got royally fucked by the attorneys. He had sharks around him when shit hit the fan and before he could even think, they had him put the company in bankruptcy and ousted him and took control. Assets recovered to near ATH and lawyers are paying out change to customers.

CointestMod

#Solana Con-Arguments Below is a Solana con-argument written by Nostalg33k. > # Solana: A tale of broken trust and VCs > > Solana, an infamous name living as the shadow of it former self [Currently hovering at a price a bit higher than 10% of the ATH](https://coinmarketcap.com/currencies/solana/) which is a shame for any investor. In this small analysis we are going to discuss why Solana is a failure on multiple fronts. From Security, to stability. Let's delve into Solana. > > ​ > > # From outages to outrages > > Solana has been transformed into a laughingstock by the repeating outages the network has known. While it is claimed that [Solana is all about speed, with 400 millisecond block times. And as hardware gets faster, so does the network.](https://Solana.com) The Solana network has suffered [6 outages in the month of January](https://fortune.com/2022/01/25/solana-founder-anatoly-yakovenko-crypto-crash-blockchain-instability/) Stability has not been the strong suit of the network. This has sparked outrage against the network but ALSO against some exchanges because these outages are leading big dumps on the markets: [When speculator sell and lead to a 12 % dump](https://www.cnbc.com/2022/06/01/solana-suffered-its-second-outage-in-a-month-sending-price-plunging.html) the most dedicated investor are left holding their bags on the blockchain. > > Every discussion about Solana as an investment should discuss the possibility of outages and swings. > > # The Main Use case is Bullshit > > The main use case for Solana is to sell useless no common sense NFTs. While there are good use case for NFT technology, art and music nfts as they exist are just a passing fad and will need to evolve or disappear. Being a place linked mainly with this technology is very risky and shows a devotion to speculation and not to common sense use cases. > > ​ > > ​ > > # Security: Hacks, hacks, hacks and VCs > > The Solana ecosystem has known a lot of failures. The fact is that value is on the ETH side of the crypto ecosystem so bridges are required. When the Wormhole bridge saw a hack leading to 120000 ETH being minted out of the bridge leading to a loss which would be currently valued at 160 Millions. > > When this happened Jump Crypto, a subsidiary from Jump Capital, found 320 Millions to buy ETH and replace the missing funds. This allows us to understand two possibilities. > > 1) Jump Crypto did this from the kindness of their heart > > 2) Jump Crypto did this because they are heavily invested in Solana and control a large part of the SOL moving around. > > Now this may be speculation BUT recently Jump Crypto was said to be working to overhaul the open source SOL protocol for nodes. This leads to doubt about the legitimacy of the Solana Fundation and who controls the project. > > [https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/](https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/) > > [https://thedefiant.io/jump-crypto-solana-overhaul](https://thedefiant.io/jump-crypto-solana-overhaul) > > [https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/](https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/) > > ​ > > # Conclusion: A lacking use case, a profit motive from VCs and a past of lacking security and stability must lead you to high caution. > > VCs are here to make money and they must be holding bags of Solana. If you buy some SOL you are putting yourself into their games and are now dancing with them. While NFT is the future for so many reasons (intellectual property, administration and so much more) the current use case are laughable and security will be at the forefront of gouvernements or IP management companies sending patents through your blockchain. > > Being seen as an Eth killer, Solana is far from making the cut. I'd advise extreme caution. Please don't get burn't by this project. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

the_tico_life

I predict we’re going to consolidate in the 50s (or possibly 40s?) this summer before the real bull run begins. We just don’t have the energy to push to new ATH after all those rejections near the high. Long time hodlers are fine, swing traders or those who have a lot of alts should be careful about a slow bleed out. Frankly, what the industry needs now is something really innovative. Crypto feels boring right now - and i don’t mean price action. just feels like the industry is a bit stagnant 

CointestMod

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cobxro/daily_crypto_discussion_may_10_2024_gmt0/).

XRP_SPARTAN

Most coins are significantly down from their ATH. Only 4 tokens have broken the ATH or got extremely close: BTC, ETH, BNB, SOL. Liquidity always flows into the large caps first, then the rest of the market. Altcoins have always lagged. But once Bitcoin begins to top out, all the liquidity flows into altcoins. The altcoins with high development activity all performed very well last cycle: ADA, ETH, AVAX, SOL, DOT. Once alt season comes, all these coins will fly!

XRP_SPARTAN

You would have said the same in March 2020 once ADA was down 99% from the ATH…it then went 150X in value.

escodelrio

Historical Bitcoin prices for today, May 10th: 2024 - $63,143 2023 - $27,603 2022 - $31,008 2021 - $55,849 2020 - $8,739 2019 - $6,386 2018 - $9,026 2017 - $1,752 2016 - $449 2015 - $240 2014 - $452 2013 - $118 2012 - $4.8 2011 - $5.80 **Additional Stats:** Bitcoin's current market cap is $1.24 trillion. Bitcoin's current block height is 842854; with the average block time for the last 7 days being 10.94 minutes. Bitcoin's current block reward is 3.125₿, which is worth $197,321 per block. The next Bitcoin halving is anticipated to happen between 20-Mar-2028 to 20-Apr-2028; the block reward will fall to 1.5625₿. There are currently 19,457 reachable Bitcoin nodes. Bitcoin's average daily hashrate for the last 7 days is 576 exahashes per second. Bitcoin's average daily trading volume for the last 7 days is 59,564 ₿. Bitcoin's average daily number of transactions for the last 7 days is 512,787. Bitcoin's average transaction fee for the last 7 days is 45.93 sats/VB, with the average fee's USD amount being $5.81. There are currently 19.70M ₿ in circulation, leaving 1.30M to be mined. There are currently 2.52M ₿ held by companies, governments, DeFi, and ETFs, representing 12.77% of circulating supply. There are currently 53,996,999 nonzero Bitcoin addresses. Bitcoin's average daily price from 18-Jul-2010 to 10-May-2024 is $11,324. Bitcoin's average daily price for the year 2024 is $57,041. 1 US Dollar ($) currently equals: 1,584 satoshis; making 1 penny equal 15.84 sats. Bitcoin's minimum (closing) price for the year 2024 was $39,556.40 on 22-Jan-2024. Bitcoin's maximum (closing) price for the year 2024 was $73,066.30 on 13-Mar-2024. Bitcoin's minimum (intraday) price for the year 2024 was $38,546.90 on 23-Jan-2024. Bitcoin's maximum (intraday) price for the year 2024 was $73,740.90 on 14-Mar-2024. Bitcoin's largest daily decrease for the year 2024 was -$5,544.10 on 19-Mar-2024. Bitcoin's largest daily increase for the year 2024 was +$5,804.0 on 20-Mar-2024. Bitcoin's all-time high (intraday) was $73,740.90 on 14-Mar-2024. Bitcoin is down 14.37% from the ATH.

TheFirstBull

Out in simple words for the average redditor: Every cycle we see the big bull run, followed by the huge scary bear, followed by a sentiment changing retrace 60-70% of last bull top, then the hype slowly dies and we grind down towards the halvening, before we again break out from the retrace levels after the halvening, then we see a massive bull and cycle complete. Setting a new ATH *before* the halvening is scary, it breaks the cycle which we *know* is bullish and puts us in uncharted territory. Anyone using history to point at Bitcoins future are fatefully ignoring the fact that we have no history to point to which looks like this. Breaking the pattern *may* be even more bullish. We don't know, this is uncharted. Yet, since the one *is* bullish it is only logical to define the other as bearish. I pray that I'm wrong, yet predicting macro trends is what I do for a living. I am hedged for both scenarios. Another fact: Did you know that in macro perspective Stocks and Gold tend to move in opposite directions? And Bitcoin *usually* moves the same direction as stocks. Recently gold has set a new ATH after a 15 year macro bull for stocks. Indicating a shift. Don't take my word for it, just bringbup the charts and check, because always do your own research, don't trust the reddit hive mind opinion! Lastly, nowbody **knows** the future, including myself, good luck!

BuffaloBrain884

>I hate to tell you this but if Bitcoin goes to $500k then every Bitcoin bull here is going to be rich 500k BTC is less than 7x from the $73k ATH. You think everybody is getting rich off a 7x return?

Ghazghkull

200k USD in SQUID. if it WERE a pump and dump then it would've been sold without a care for the chart, obviously. The fact that it wasn't proves that this is a legitimate community revival. They might be a bunch of 4chan schizos mostly but these guys are obsessed for this shit. The Iran stuff and post halving dump killed our initial momentum. We reached 4.5m mcap at ATH and we're around 600k now. But the core community is diamond handing, trust me. We're committed to riding this through the entire bull run.

CointestMod

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cobxro/daily_crypto_discussion_may_10_2024_gmt0/).

CointestMod

#Bitcoin Pro-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Bitcoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > For this entry I'm going to update an overhaul my previous argument. This one is going to be very long but also address new things. I'm going to try to be more rigorous. Have fun ! > > Last entry: > > > Writing a Pro argument for Bitcoin in 2023 seems complicated because everything has been said... or did it? > Edit: I have a small bag of Bitcoin currently valued around 630 bucks. I am also invested in crypto around 2100 bucks which are always moving when Bitcoin is moving. Financial disclosure should be mandatory in these arguments =) > > ​ > > # Bitcoin: A small introduction. > > Bitcoin is the most famous cryptocurrency. It was created by the mysterious Satoshi Nakamoto. The creation of Bitcoin is some of the most weird mystery ever. No one knows who Satoshi Nakamoto really is. > > Bitcoin was started as a way to circumvent traditional banking in the wake of the financial crisis and the bail out of banks. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > [Bitcoin Wikipedia](https://fr.wikipedia.org/wiki/Bitcoin) > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: [Bitcoin explained](https://www.youtube.com/watch?v=bBC-nXj3Ng4) > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so good. > > # Bitcoin is the king of POW: Why it matters and why we need a strong Bitcoin > > So as the title suggests it, the recent switch of ETH from POW to POS makes Bitcoin the sole serious POW cryptocurrency. In this write up, we are going to discuss the three main strength of Bitcoin, security, decentralization, and incentive for green energy production. Bitcoin is a highly liquid asset and has become nearly universally known as an investment. Many arguments have been made in favor of Bitcoin as an investment. It is interesting to delve into the limited supply of bitcoin. > ​ > Of course, the main feature of Bitcoin is the Permissionless aspect. This allows the unbanked to use a P2P service. > > # 1) Bitcoin: The Apex of Security. > > > Bitcoin is ultra secure thanks to its use of Blockchain technology and the way it is verified through proof of work. To explain this let me quote IBM: > > > > > Public blockchain networks typically allow anyone to join and for participants to remain anonymous. A public blockchain uses internet-connected computers to validate transactions and achieve consensus. Bitcoin is probably the most well known example of a public blockchain, and it achieves consensus through "bitcoin mining." Computers on the bitcoin network, or “miners,” try to solve a complex cryptographic problem to create proof of work and thereby validate the transaction. Outside of public keys, there are few identity and access controls in this type of network. > > > > [IBM on Blockchain security](https://www.ibm.com/topics/blockchain-security) > > ​ > Mining is measured in Hashrate. Here is the explanation of Hashrate: > > > > > Hash rate, sometimes referred to as hashrate, is a measure of the computing power on a cryptocurrency network that serves as a key security indicator. It measures the total computational power used by a “proof-of-work” (POW) cryptocurrency network to process transactions in a blockchain. > > > > [USNEWS explains hashrate](https://money.usnews.com/investing/term/hash-rate#:%7E:text=Hash%20rate%2C%20sometimes%20referred%20to,process%20transactions%20in%20a%20blockchain) > > ​ > So if the hashrate measures the security of the network, one may asks themselves: "Did the security of Bitcoin slowed when the price fell ?" > [The hashrate is near the ATH and growing making Bitcoin more and more secure as it continues to build over time](https://ycharts.com/indicators/bitcoin_network_hash_rate#:%7E:text=Basic%20Info,101.2%25%20from%20one%20year%20ago) > > ​ > So Bitcoin has never been as secure as it is today which makes it ultra valuable as a way to settle financial transactions. Yes holding Bitcoin for a long time is risky but using it as a medium to settle international transaction may currently be the securest and one of the best way to do so. > > > While Bitcoin is safe... what if a big part fails ? > > > # 2) Bitcoin mining: Too big to fail. > > So this write up could be seen as a POW write up, which it is to an extent. But Bitcoin offers its history and shows that it can survive the disparition of a big part of the network. > Decentralization allows for parts of the network to disappear and for the rest to take the mantle of securing the network. Yes, mining pools may grow too large for their own sake BUT in the end (nothing even matters) Bitcoin is heavily decentralized. It is so decentralized that, when China (which had a big part of Bitcoin mining) banned mining, Bitcoin just went through like nothing happened. Yes the hashrate fell a bit, the value too, but if we look back, it was nothing extraordinary. > > The resilience of Bitcoin is largely due to the fact that the hashrate symbolizes competition=> If the hashrate falls, then it is more profitable for other miners to keep mining or for new miners to start mining. This balance is what makes Bitcoin very resilient. > ​ > So if Bitcoin is highly secure and if it can survive part of the hashrate going bye bye, what makes it so good? What is the difference with any POW Cryptocurrency right now? > > > > # 3) Bitcoin: propping up the green energy sector. > > POW uses energy. One of the biggest concern about POW is the energy. While Ethereum was using GPUs and was asic resistant. Bitcoin mining is built differently. A long time ago, under oath, people discussed the environmental impact of Bitcoin Mining and I made a post explaining what was said: > ​ > The Energy Fud Was Killed > The most important thing that happened: The narrative that Bitcoin is too energy intensive was totally reversed. > Experts of the sector explained that, Wind Farms and Solar Farms, have a variable load. This variable load means that sometimes they lose money because they produce too much and there is not enough demand. Bitcoin mining provides a variable base load for these projects. What it means is that, mining can be turned on and off depending on demand. It was revealed that most of these wind and solar farms would simply not exist without Bitcoin Farming as baseline customers. > There are still miners that are using coal plants and fossil fuel but the leaders of the industry are developing in tandem with the green energy sector. > > My write up about the congressional hearing is still true and thanks to the infrastructure act, green energy will continue to grow and to be cheap. This will allow for a better mining infrastructure. > > [My post](https://www.reddit.com/r/CryptoCurrency/comments/s99phv/yesterday_one_of_the_most_bullish_events_ever/) > > > # ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7vq/top_coins_bitcoin_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds.

shanatard

my point is the white house admin is deliberately choosing measures that while true, are not as relevant or important to voters. bidenomics is "succeeding" in metrics that voters don't actually care about, which creates a heavy dissonance when they're told "it's you that's the problem, not the booming economy." CPI is not new, and yes it's been criticized for an equally long time for having limitations. "real" being adjusted for inflation assumes they accounted for inflation in an unbiased manner, which is unlikely given the admin has an extreme vested interest in quelling economic unrest. No, the graph I'm referring to is not only savings rate, but yes that has also been in significant decline. I see you completely neglected to respond to rising ATH debt/delinquencies because it directly contradicts your narrative. Spending has been propped up by risky credit, and that has made the economy seem much healthier than it really is instead of blindly believing the white house admin, also try listening to the news and economists outside your echo chamber, because there's a lot of uncertainty right now. Do I think the biden admin is causing all this? of course not. they're responding in a pretty decent way, probably better than the alternative. My issue is mainly with his messaging.

piggleii

Yeah, I'm sure he looks at ADA being 85% down from ATH and feels hurt.

Simke11

99% of them never come close to their previous cycle ATH. That's doesn't fit "have performed well in subsequent cycles". Sure if you manage to catch the bottom of bear market you can still make some gains with them, but for majority of people that is not the case.

crappysignal

No. I bought it low on the bear. 2x it and saw the barrier 0.05. If it can't even get close to breaking that at BTC ATH you just know there are bagholders waiting at every price point. I'm out now. Half decent product but I'm glad I don't have to sit through another idiotic conference.

The_Dude_2U

This is the way. Look at the halving history and ATH, then patiently wait and stop chasing candles.

DrinkMoreCodeMore

Congrats on that play for sure! I bought in at .32 and hold a nice chunk. Didn't sell any of em yet. I think at ATH it was about $89k worth. In hindsight I should have just dumped and rolled it into a rental property or an dividends stock but c'est la vie. Just keeping them staked for now and still in the green :)

cia91

I've made my bet many years ago, sold a bit during various ATH, i've already made what i've spent, if it goes to zero today i've lost 0€.

musky_nut

Hard No. Urethreum has never been close to it's ATH priced in Bitcoin. Market cap flippening won't happen either bc urethreum pumping depends on Bitcoin halvings. It's a shitcoin and should never be touched.

bananastand512

I definitely have pulled up charts. We also got an ATH before the halving which never happened before. So in reality, nobody knows how this will play out.

escodelrio

Historical Bitcoin prices for today, May 9th: 2024 - $61,515 2023 - $27,635 2022 - $30,095 2021 - $58,238 2020 - $9,555 2019 - $6,192 2018 - $9,319 2017 - $1,698 2016 - $460 2015 - $241 2014 - $446 2013 - $113 2012 - $5 2011 - $3.80 **Additional Stats:** Bitcoin's current market cap is $1.21 trillion. Bitcoin's current block height is 842697; with the average block time for the last 7 days being 10.94 minutes. Bitcoin's current block reward is 3.125₿, which is worth $192,234 per block. The next Bitcoin halving is anticipated to happen between 20-Mar-2028 to 20-Apr-2028; the block reward will fall to 1.5625₿. There are currently 17,750 reachable Bitcoin nodes. Bitcoin's average daily hashrate for the last 7 days is 579 exahashes per second. Bitcoin's average daily trading volume for the last 7 days is 63,124 ₿. Bitcoin's average daily number of transactions for the last 7 days is 518,880. Bitcoin's average transaction fee for the last 7 days is 46.11 sats/VB, with the average fee's USD amount being $5.82. There are currently 19.70M ₿ in circulation, leaving 1.30M to be mined. There are currently 2.52M ₿ held by companies, governments, DeFi, and ETFs, representing 12.77% of circulating supply. There are currently 53,980,989 nonzero Bitcoin addresses. Bitcoin's average daily price from 18-Jul-2010 to 09-May-2024 is $11,313. Bitcoin's average daily price for the year 2024 is $56,982. 1 US Dollar ($) currently equals: 1,626 satoshis; making 1 penny equal 16.26 sats. Bitcoin's minimum (closing) price for the year 2024 was $39,556.40 on 22-Jan-2024. Bitcoin's maximum (closing) price for the year 2024 was $73,066.30 on 13-Mar-2024. Bitcoin's minimum (intraday) price for the year 2024 was $38,546.90 on 23-Jan-2024. Bitcoin's maximum (intraday) price for the year 2024 was $73,740.90 on 14-Mar-2024. Bitcoin's largest daily decrease for the year 2024 was -$5,544.10 on 19-Mar-2024. Bitcoin's largest daily increase for the year 2024 was +$5,804.0 on 20-Mar-2024. Bitcoin's all-time high (intraday) was $73,740.90 on 14-Mar-2024. Bitcoin is down 16.58% from the ATH.

piggleii

How TF is ADA "holding strong" compared to "Grampa" when it is still 85% down from ATH? Seriously, what is wrong with these ADA holders?

Orly5757

We don’t just “cope” with the fluctuations; we take advantage of them. But the answer to your question is conviction. If you study it and believe in it, you won’t be shaken out. I got in at the ATH in ‘21. I bought my first coin for over 60k. And when we dropped into the teens, I bought a lot more. But you can’t do that without conviction. So I’d say you should really study it. I truly believe that the real risk is NOT owning at least one coin.

wilfredpawson

I can name all of the relevant people involved, if you like. Not sure why that matters though. People are free to be as informed/uninformed as they please about their investments. How many people on WSB can name the directors of the companies they’re invested in, do you think? The critical point with regard to your claims is that it’s not a cult and he is not even in charge. The rest is not worth responding to. If you’re right, ada won’t see a new ATH in the coming bull run and the project will die out shortly after.

j4c0p

Only strong survive and world is ATH of losers.

Hank___Scorpio

My daughter was born on that day. I shit you not, her initials are ATH. Blame her hubris.

CointestMod

#Bitcoin Pro-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Bitcoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > For this entry I'm going to update an overhaul my previous argument. This one is going to be very long but also address new things. I'm going to try to be more rigorous. Have fun ! > > Last entry: > > > Writing a Pro argument for Bitcoin in 2023 seems complicated because everything has been said... or did it? > Edit: I have a small bag of Bitcoin currently valued around 630 bucks. I am also invested in crypto around 2100 bucks which are always moving when Bitcoin is moving. Financial disclosure should be mandatory in these arguments =) > > ​ > > # Bitcoin: A small introduction. > > Bitcoin is the most famous cryptocurrency. It was created by the mysterious Satoshi Nakamoto. The creation of Bitcoin is some of the most weird mystery ever. No one knows who Satoshi Nakamoto really is. > > Bitcoin was started as a way to circumvent traditional banking in the wake of the financial crisis and the bail out of banks. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > [Bitcoin Wikipedia](https://fr.wikipedia.org/wiki/Bitcoin) > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: [Bitcoin explained](https://www.youtube.com/watch?v=bBC-nXj3Ng4) > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so good. > > # Bitcoin is the king of POW: Why it matters and why we need a strong Bitcoin > > So as the title suggests it, the recent switch of ETH from POW to POS makes Bitcoin the sole serious POW cryptocurrency. In this write up, we are going to discuss the three main strength of Bitcoin, security, decentralization, and incentive for green energy production. Bitcoin is a highly liquid asset and has become nearly universally known as an investment. Many arguments have been made in favor of Bitcoin as an investment. It is interesting to delve into the limited supply of bitcoin. > ​ > Of course, the main feature of Bitcoin is the Permissionless aspect. This allows the unbanked to use a P2P service. > > # 1) Bitcoin: The Apex of Security. > > > Bitcoin is ultra secure thanks to its use of Blockchain technology and the way it is verified through proof of work. To explain this let me quote IBM: > > > > > Public blockchain networks typically allow anyone to join and for participants to remain anonymous. A public blockchain uses internet-connected computers to validate transactions and achieve consensus. Bitcoin is probably the most well known example of a public blockchain, and it achieves consensus through "bitcoin mining." Computers on the bitcoin network, or “miners,” try to solve a complex cryptographic problem to create proof of work and thereby validate the transaction. Outside of public keys, there are few identity and access controls in this type of network. > > > > [IBM on Blockchain security](https://www.ibm.com/topics/blockchain-security) > > ​ > Mining is measured in Hashrate. Here is the explanation of Hashrate: > > > > > Hash rate, sometimes referred to as hashrate, is a measure of the computing power on a cryptocurrency network that serves as a key security indicator. It measures the total computational power used by a “proof-of-work” (POW) cryptocurrency network to process transactions in a blockchain. > > > > [USNEWS explains hashrate](https://money.usnews.com/investing/term/hash-rate#:%7E:text=Hash%20rate%2C%20sometimes%20referred%20to,process%20transactions%20in%20a%20blockchain) > > ​ > So if the hashrate measures the security of the network, one may asks themselves: "Did the security of Bitcoin slowed when the price fell ?" > [The hashrate is near the ATH and growing making Bitcoin more and more secure as it continues to build over time](https://ycharts.com/indicators/bitcoin_network_hash_rate#:%7E:text=Basic%20Info,101.2%25%20from%20one%20year%20ago) > > ​ > So Bitcoin has never been as secure as it is today which makes it ultra valuable as a way to settle financial transactions. Yes holding Bitcoin for a long time is risky but using it as a medium to settle international transaction may currently be the securest and one of the best way to do so. > > > While Bitcoin is safe... what if a big part fails ? > > > # 2) Bitcoin mining: Too big to fail. > > So this write up could be seen as a POW write up, which it is to an extent. But Bitcoin offers its history and shows that it can survive the disparition of a big part of the network. > Decentralization allows for parts of the network to disappear and for the rest to take the mantle of securing the network. Yes, mining pools may grow too large for their own sake BUT in the end (nothing even matters) Bitcoin is heavily decentralized. It is so decentralized that, when China (which had a big part of Bitcoin mining) banned mining, Bitcoin just went through like nothing happened. Yes the hashrate fell a bit, the value too, but if we look back, it was nothing extraordinary. > > The resilience of Bitcoin is largely due to the fact that the hashrate symbolizes competition=> If the hashrate falls, then it is more profitable for other miners to keep mining or for new miners to start mining. This balance is what makes Bitcoin very resilient. > ​ > So if Bitcoin is highly secure and if it can survive part of the hashrate going bye bye, what makes it so good? What is the difference with any POW Cryptocurrency right now? > > > > # 3) Bitcoin: propping up the green energy sector. > > POW uses energy. One of the biggest concern about POW is the energy. While Ethereum was using GPUs and was asic resistant. Bitcoin mining is built differently. A long time ago, under oath, people discussed the environmental impact of Bitcoin Mining and I made a post explaining what was said: > ​ > The Energy Fud Was Killed > The most important thing that happened: The narrative that Bitcoin is too energy intensive was totally reversed. > Experts of the sector explained that, Wind Farms and Solar Farms, have a variable load. This variable load means that sometimes they lose money because they produce too much and there is not enough demand. Bitcoin mining provides a variable base load for these projects. What it means is that, mining can be turned on and off depending on demand. It was revealed that most of these wind and solar farms would simply not exist without Bitcoin Farming as baseline customers. > There are still miners that are using coal plants and fossil fuel but the leaders of the industry are developing in tandem with the green energy sector. > > My write up about the congressional hearing is still true and thanks to the infrastructure act, green energy will continue to grow and to be cheap. This will allow for a better mining infrastructure. > > [My post](https://www.reddit.com/r/CryptoCurrency/comments/s99phv/yesterday_one_of_the_most_bullish_events_ever/) > > > # ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7vq/top_coins_bitcoin_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds.

Digital_Scarcity

I'm gonna tell you something you and everyone else needs to hear: At the time of purchase, BTC will always *feel* expensive. Buying at ATH? yeah, expensive. Buying at annual low? You're telling yourself "Geez, what if it goes lower?" Always feels like you're lighting money on fire or something. You gotta get over it. A way to get over it, is to gain enough conviction about what BTC is and what its going to be. Study. With conviction and humbleness, you can buy at any time and any price. You know that fiat is melting garbage anyway.

bbt104

If we use past halvings as reference, it typically hits a new ATH a little over a month after each halving. However, unlike previous halvings, we hit a new ATH just before the Halving when in the past, that never happened before. So we'll see, but I suspect once all the miners have sold off all their stored up BTC and we start seeing some go under, we'll see a new spike from the lack of availability. I'm fairly certain that that's a big reason we haven't seen the usual spike, because the miners were more prepared for the change in rewards this time than in the past.

AllCapNoBrake

We all get into BTC for the price we deserve it at. Whose to say you would have gotten in it at a lower price and held, but instead sold...then have a different regret. Now you're buying it at ATH, but better understand what you are holding and will likely not sell. The net positive being you're likely to come out further ahead all things considered.

Blooberino

What, you think the halving happened 3 weeks ago, the bull came and went, and only broke ATH by 15%? Better sell everything now.

j0lla127

What is the best way to sell crypto and take profit? If all the cryptos reached ATH (or while it's going up), does that mean the individual would have to convert all the crypto into USDC or USD (so you don't lose the value when crypto dips) and then withdraw daily/weekly to the bank account? Would this be the ideal and best way to sell crypto and transfer the funds back to the bank account?

YouKhanSeeMe

100m in the next week in possible. 100m ATH for the cycle is complete FUD and would be a massive massive failure that I can’t see happening with the huge buying pressure and people eating up any dips.

Leight87

It’s honestly just easier and I don’t have to worry about making a silly error and losing my BTC. I held BTC in cold storage for this entire run up and sold about half at its old ATH for some nice profit. I threw a portion of that profit into FBTC and will likely throw some more in there after a selling the remaining portion on my wallet sometime during this bull run. If I ever need actual BTC for a transaction, I’ll just buy some.

escodelrio

Historical Bitcoin prices for today, May 8th: 2024 - $62,270 2023 - $27,671 2022 - $34,060 2021 - $58,840 2020 - $9,806 2019 - $5,990 2018 - $9,196 2017 - $1,665 2016 - $458 2015 - $244 2014 - $441 2013 - $113 2012 - $5.1 2011 - $3.90 **Additional Stats:** Bitcoin's current market cap is $1.23 trillion. Bitcoin's current block height is 842549; with the average block time for the last 7 days being 10.88 minutes. Bitcoin's current block reward is 3.125₿, which is worth $194,594 per block. The next Bitcoin halving is anticipated to happen between 20-Mar-2028 to 20-Apr-2028; the block reward will fall to 1.5625₿. There are currently 18,409 reachable Bitcoin nodes. Bitcoin's average daily hashrate for the last 7 days is 582 exahashes per second. Bitcoin's average daily trading volume for the last 7 days is 68,936 ₿. Bitcoin's average daily number of transactions for the last 7 days is 522,883. Bitcoin's average transaction fee for the last 7 days is 47.4 sats/VB, with the average fee's USD amount being $5.87. There are currently 19.70M ₿ in circulation, leaving 1.30M to be mined. There are currently 2.52M ₿ held by companies, governments, DeFi, and ETFs, representing 12.77% of circulating supply. There are currently 53,963,306 nonzero Bitcoin addresses. Bitcoin's average daily price from 18-Jul-2010 to 08-May-2024 is $11,303. Bitcoin's average daily price for the year 2024 is $56,955. 1 US Dollar ($) currently equals: 1,606 satoshis; making 1 penny equal 16.06 sats. Bitcoin's minimum (closing) price for the year 2024 was $39,556.40 on 22-Jan-2024. Bitcoin's maximum (closing) price for the year 2024 was $73,066.30 on 13-Mar-2024. Bitcoin's minimum (intraday) price for the year 2024 was $38,546.90 on 23-Jan-2024. Bitcoin's maximum (intraday) price for the year 2024 was $73,740.90 on 14-Mar-2024. Bitcoin's largest daily decrease for the year 2024 was -$5,544.10 on 19-Mar-2024. Bitcoin's largest daily increase for the year 2024 was +$5,804.0 on 20-Mar-2024. Bitcoin's all-time high (intraday) was $73,740.90 on 14-Mar-2024. Bitcoin is down 15.56% from the ATH.

MurkySide750

Kendu Inu ($KENDU) rose 73% in 24 hours to smash the previous ATH of $18.5m as it rose to $34m. $KENDU's market cap had retraced 70% to a low of $2.5m just 7 days ago. The volume flooding into $KENDU caused the memecoin to trend number 1 on Eth, a remarkable feat for the coin that has refused to pay for advertising or callers. $KENDU is not even listed on CMC yet as the dev refused to pay to be listed. Leading up the rise, alpha again tying $SHIB dev Shytoshi to the project was released and major $SHIB names tweeted about $KENDU. Kendu Inu dev Kendu Miazaki tweeted a graphic around an hour before ATH were hit with himself and Shytoshi depicted as characters from the iconic film Goodfellas. What this means for $KENDU, $SHIB and Shytoshi going forward is as yet unclear but buyers continued to pump the coin higher as they had done the previous 7 days albeit more ferverously.

n0mdep

We’re sitting in an historically high price range and yet people find themselves frustrated. Go up more, and quicker! 🤣 Bitcoin necessarily spends most of its time below its (then current) ATH, which should be obvious, but it’s not.

Archophob

it can only make you poor if you panic-sell. Buy in the then-ATH of december 2017, sell one year later, you're at a loss. Instead hodl till december 2020, you'll never be at a loss again. [https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/](https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/)

CointestMod

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cmqqqs/daily_crypto_discussion_may_8_2024_gmt0/).

midnightsystem

Hey, Warren buffet Cash is in All time high and usually this is a sign of a major bear season. I have 2 questions, Will this bear season happened before we see any major move from Alt coin? and with BTC reached ATH last month and no major move from Alt coin, so we wouldn't have Alt season this year or two, is this statement right or not?

WhoReplies

Stocks are nearing ATH again. Huge doubts it's over for crypto. A bit of time and we'll be right back.

bananastand512

But we don't know that anymore because we got ATH before the halving now

Yok_Mu_Beni_Siken

> Whats it gonna take to make this bull run not suck? Retail rushing in. Despite breaking a new ATH this year, the interest is very low compared to the craze in 2021.

Ok-Studio1746

Peep the chat and $HEGE your bets. New ATH imminent.

Efficient_Culture569

Don't think it would fork. Last ATH was a $65k and then dropped back to $17k a few years later. It didn't fork, and recovered...so I think something similar would happen. Bitcoin could go as high as 200k, then drop back to 80k (in your scenario of 30-40%) It wouldn't kill BTC. The issue is that for them to have 40% of all BTC, they would have to spend 100s of billions, which then could come at a loss for them. There wouldn't be a buyer, to dump 30%. It's all technically possible, but they could never have that much BTC. But I see your point, if the US government forced them to sell it all, then it'd crash BTC, people might lose faith. But, I'm sure other ETFs in the world would pick up some of the BTC, and price would stabilise.

CointestMod

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cly44k/daily_crypto_discussion_may_7_2024_gmt0/).

escodelrio

Historical Bitcoin prices for today, May 7th: 2024 - $63,599 2023 - $28,425 2022 - $35,468 2021 - $57,337 2020 - $9,980 2019 - $5,850 2018 - $9,432 2017 - $1,554 2016 - $459 2015 - $238 2014 - $447 2013 - $110 2012 - $5.1 2011 - $3.60 **Additional Stats:** Bitcoin's current market cap is $1.25 trillion. Bitcoin's current block height is 842446; with the average block time for the last 7 days being 10.66 minutes. Bitcoin's current block reward is 3.125₿, which is worth $198,748 per block. The next Bitcoin halving is anticipated to happen between 19-Mar-2028 to 17-Apr-2028; the block reward will fall to 1.5625₿. There are currently 19,272 reachable Bitcoin nodes. Bitcoin's average daily hashrate for the last 7 days is 594 exahashes per second. Bitcoin's average daily trading volume for the last 7 days is 87,030 ₿. Bitcoin's average daily number of transactions for the last 7 days is 540,804. Bitcoin's average transaction fee for the last 7 days is 48.17 sats/VB, with the average fee's USD amount being $5.81. There are currently 19.69M ₿ in circulation, leaving 1.31M to be mined. There are currently 2.51M ₿ held by companies, governments, DeFi, and ETFs, representing 12.75% of circulating supply. There are currently 53,961,280 nonzero Bitcoin addresses. Bitcoin's average daily price from 18-Jul-2010 to 07-May-2024 is $11,293. Bitcoin's average daily price for the year 2024 is $56,923. 1 US Dollar ($) currently equals: 1,572 satoshis; making 1 penny equal 15.72 sats. Bitcoin's minimum (closing) price for the year 2024 was $39,556.40 on 22-Jan-2024. Bitcoin's maximum (closing) price for the year 2024 was $73,066.30 on 13-Mar-2024. Bitcoin's minimum (intraday) price for the year 2024 was $38,546.90 on 23-Jan-2024. Bitcoin's maximum (intraday) price for the year 2024 was $73,740.90 on 14-Mar-2024. Bitcoin's largest daily decrease for the year 2024 was -$5,544.10 on 19-Mar-2024. Bitcoin's largest daily increase for the year 2024 was +$5,804.0 on 20-Mar-2024. Bitcoin's all-time high (intraday) was $73,740.90 on 14-Mar-2024. Bitcoin is down 13.75% from the ATH.

CointestMod

#Solana Con-Arguments Below is a Solana con-argument written by Nostalg33k. > # Solana: A tale of broken trust and VCs > > Solana, an infamous name living as the shadow of it former self [Currently hovering at a price a bit higher than 10% of the ATH](https://coinmarketcap.com/currencies/solana/) which is a shame for any investor. In this small analysis we are going to discuss why Solana is a failure on multiple fronts. From Security, to stability. Let's delve into Solana. > > ​ > > # From outages to outrages > > Solana has been transformed into a laughingstock by the repeating outages the network has known. While it is claimed that [Solana is all about speed, with 400 millisecond block times. And as hardware gets faster, so does the network.](https://Solana.com) The Solana network has suffered [6 outages in the month of January](https://fortune.com/2022/01/25/solana-founder-anatoly-yakovenko-crypto-crash-blockchain-instability/) Stability has not been the strong suit of the network. This has sparked outrage against the network but ALSO against some exchanges because these outages are leading big dumps on the markets: [When speculator sell and lead to a 12 % dump](https://www.cnbc.com/2022/06/01/solana-suffered-its-second-outage-in-a-month-sending-price-plunging.html) the most dedicated investor are left holding their bags on the blockchain. > > Every discussion about Solana as an investment should discuss the possibility of outages and swings. > > # The Main Use case is Bullshit > > The main use case for Solana is to sell useless no common sense NFTs. While there are good use case for NFT technology, art and music nfts as they exist are just a passing fad and will need to evolve or disappear. Being a place linked mainly with this technology is very risky and shows a devotion to speculation and not to common sense use cases. > > ​ > > ​ > > # Security: Hacks, hacks, hacks and VCs > > The Solana ecosystem has known a lot of failures. The fact is that value is on the ETH side of the crypto ecosystem so bridges are required. When the Wormhole bridge saw a hack leading to 120000 ETH being minted out of the bridge leading to a loss which would be currently valued at 160 Millions. > > When this happened Jump Crypto, a subsidiary from Jump Capital, found 320 Millions to buy ETH and replace the missing funds. This allows us to understand two possibilities. > > 1) Jump Crypto did this from the kindness of their heart > > 2) Jump Crypto did this because they are heavily invested in Solana and control a large part of the SOL moving around. > > Now this may be speculation BUT recently Jump Crypto was said to be working to overhaul the open source SOL protocol for nodes. This leads to doubt about the legitimacy of the Solana Fundation and who controls the project. > > [https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/](https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/) > > [https://thedefiant.io/jump-crypto-solana-overhaul](https://thedefiant.io/jump-crypto-solana-overhaul) > > [https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/](https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/) > > ​ > > # Conclusion: A lacking use case, a profit motive from VCs and a past of lacking security and stability must lead you to high caution. > > VCs are here to make money and they must be holding bags of Solana. If you buy some SOL you are putting yourself into their games and are now dancing with them. While NFT is the future for so many reasons (intellectual property, administration and so much more) the current use case are laughable and security will be at the forefront of gouvernements or IP management companies sending patents through your blockchain. > > Being seen as an Eth killer, Solana is far from making the cut. I'd advise extreme caution. Please don't get burn't by this project. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

Dysonator401

Retail didn’t care when it was at the previous ATH of 17k. They only showed interest when BTC started going parabolic to 30k and above. Right now we are at “boring, been there” 60k. The buzz will happen after 100k when it keeps climbing.

skydiveguy

Because the Halving happened in 2020 not 2021 and the price was still below the previous ATH at that point... just like now... it will take some time for the effects of the halving to work its magic. One thing I've learned in all the years watching this is that people are morons and only want to buy things when they are at the top. Then they complain when it pulls back and drops down to a level that is still higher than when you told them about it. I gave up trying to orange pill people. I own mine and I'm so far ahead that if it drops to $0 I couldn't care less.