Official Bitcoin Thread

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This is who you're competing against.
 
Screenshot 2024-11-22 at 12.14.04.png


This is who you're competing against.

I was watching the stream on Pump. fun for stream guy trying to get his token to 100m and then followed it up with the Andrew tate stream of him pumping random coins.

Not gonna lie, it felt like a local top :lol:
Pump Fun creators including live streams is genius though. They're cleaning house.
 


Caught a diabolical cook on this this morning. I've been tracking a whale who was early to Pnut and Chill Guy and saw him buy $ERBAI last night so I tailed him. Went 200k to 8m in like 30 mins just now and sitting at 5m. Not sure it's worth entering now but it is a cool story and a cute robot :lol. Bubblemaps looks a little ugly.

Here's the whale's addy if anyone is interested- 5dDDSix4JDnGGRYxntQKpbnWzMyedu9euxy4Jc8D44yF
 


Curious to know what more knowledgeable ppl think. I’m not technical at all, but when I scroll ct I feel this about Solana. Especially with pump.fun and all the shenanigans. Solana is the most degenerate stuff. I’m glad I bought at $8 but I’m about to unstake everything and get ready to leave SOL. Wish I wasn’t spending so much like a doofus
 
While all eyes are on BTC/SOL I am loading up heavily on ETH, with leverage.

Especially love to see all the negative sentiment and “eth is dead” comments.

Anticipating the usual pattern where BTC dominance tops off and ETH starts ripping faces off, as has happened in January of each past cycle.
 
While all eyes are on BTC/SOL I am loading up heavily on ETH, with leverage.

Especially love to see all the negative sentiment and “eth is dead” comments.

Anticipating the usual pattern where BTC dominance tops off and ETH starts ripping faces off, as has happened in January of each past cycle.

That's a big boy play.

I was watching some technicals on BTC/ETH that would support this move.



Starts at 26.55.
 
gentlemen, you have to understand scarcity. Scarcity is what helps Bitcoin's price rise while other coins issued in the multimillions and billions stay static. This is the main reason I stopped messing with alts for the long term.
 


Curious to know what more knowledgeable ppl think. I’m not technical at all, but when I scroll ct I feel this about Solana. Especially with pump.fun and all the shenanigans. Solana is the most degenerate stuff. I’m glad I bought at $8 but I’m about to unstake everything and get ready to leave SOL. Wish I wasn’t spending so much like a doofus


This guy is just fudding. His timeline is full of fud. He's probably bagholding ADA or something :lol. Lots of blockchains have inflation by design. BTC, ETH, SOL, you name it.

BTC gives its "inflation rewards" to miners. ETH and SOL give them to stakers. Some blockchains have higher inflation, some have lower. Some are on a fixed schedule, some are on a decreasing schedule (like BTC halvings). Some have a cap on total supply of coins (like BTC), some don't (like ETH and SOL). More coins entering circulation means that the market cap could be higher while the price is not.

Using AVAX as an example, if it does a 2x from here to $80 it will be back at the all time high marketcap (~30b) but not the all time high price (~145).

Is this a bad thing? Maybe? Probably? I don't know. But he's acting like it only affects SOL :lol.

As far as Solana being the degenerate capital of blockchains that's basically irrelevant imo. There are tons of variables but in the end, blockchains need users. Last cycle DeFi and NFTs brought the users and the chains that capitalized on that were the winners. This cycle memecoins are bringing users and Solana is winning by a landslide (for a number of reasons.)

Is it sustainable? Probably not. Nothing ever is. But don't let these holier than thou guys sway you. BTC is obviously in a league of its own but if you think blockchains/crypto will continue to be a legitimate industry then Solana is a great one to bet on. Just don't forget to take profits along the way :lol.
 


Curious to know what more knowledgeable ppl think. I’m not technical at all, but when I scroll ct I feel this about Solana. Especially with pump.fun and all the shenanigans. Solana is the most degenerate stuff. I’m glad I bought at $8 but I’m about to unstake everything and get ready to leave SOL. Wish I wasn’t spending so much like a doofus


He's been debunked multiple times. Solana's inflation is no different to other L1s. It's just at an earlier point in its lifetime compared to ETH.
These chains have higher inflation at the start to bootstrap the network and then the rate of inflation decreases and tails off. Similar to how you could mine loads of BTC with a laptop when it first launched but now you need ASIC farms to mine a fraction of it.

For ETH, you can see from the graph the rate of inflation before it went from proof of work to proof of stake.
Even after the move to PoW, it is still inflationary since a lot of the activity went to the L2s so there's less burning than anticipated.

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He's just fudding like a lot of Maxis. Sui went down for 5 hours a couple days ago. Base went down last month and you hardly see anything on the timeline.
If SOL goes down again, best believe the haters will come out in full force. They were convinced it's a VC chain, backed by FTX with no fundamentals and hate the rally it's on because it's now at ATH which means most people who bought are in profit.

As for memes, they didn't complain when it was on ETH but now its a problem. Even BNB had its time as the meme chain because of low gas fees before Solana.
NFTs and memes have stress tested the network and made it better with improvements like local fee networks which you don't find on EVM chains.

Pumpfun and Moonshot are just dapps buil on top. For fundamentals, you chan check Defi on SOL which is much better compared to 2021. Memes get the highlight because of people making millions but the underlying protocols are solid and are making a lot more in the background. Stuff like Jito, Kamino, Jupiter, Drift, Raydium etc..

Don't let random people on Twitter FUD you out your bags. I got told BTC was drug money back in 2013 because of Silk Road and never touched it because I didn't want that Narcos money :lol: Things would've been a lot different if I just did my own research.
 
When you speak of scamming in relationship to Solana the mcap/price of the token should be the least of your concerns :lol:
 
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