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Bitwise: Bitcoin price towards $200,000 and Coinbase possibly in S&P 500 in 2025

Anonymous Tue 17 Dec 2024 00:06:46 No.1368785 View View Reply Original Report

https://newslite.tv/bitwise-bitcoin-price-towards-200000-and-coinbase-possibly-in-sp-500-in-2025/

According to a new report from Bitwise Asset Management, a leading crypto investment firm, the crypto market is set for a revolutionary year in 2025. Following the successes of 2024, including the introduction of spot Bitcoin ETFs and improved regulation under President Donald Trump, Bitwise predicts even bigger breakthroughs in the coming year.

Anonymous

Anonymous Tue 17 Dec 2024 00:22:58 No.1368787 Report

Quoted By: >>1368801

>>1368785
Everything market is booming at the anticipation of trump

Anonymous

Anonymous Tue 17 Dec 2024 00:31:29 No.1368788 Report

Quoted By: >>1368790 >>1368801 >>1368842

There are no legitimate exchanges that carry this trash. The price could be a billion dollars per coin, but if there's no way to cash out or spend them they are worthless.

It's just a new form of money laundering. I worked for a "bitcoin" company when the price was only $7k and they ended up ripping me off any not paying me for a month of work. That's how they all operate - because they're fly by night scammers.

Even in theory the system is a lie; if governments didn't have direct control over the system how does the FBI manage to keep "recovering" all these ransoms paid in bitcoin? It's nothing more than a government honeypot.

itty bitty teeny weeny bitcoin

itty bitty teeny weeny bitcoin Tue 17 Dec 2024 00:51:23 No.1368789 Report

Quoted By: >>1368842

1368788
>no way to cash out
Sell Bitcoin in the BitPay Wallet app.
Sell crypto for cash on a central exchange like Coinbase or Kraken.
Use a P2P exchange.
Use a crypto debit card like the BitPay Card.
Seek out a Bitcoin ATM.
Bonus: Gift cards.
Is this true?
I was going to remortgage my house and life insurance policy and invest it all in bitcoin and then cash out quick and pay off my debts and hide the surplus from the IRS. Now I'm afraid.

Anonymous

Anonymous Tue 17 Dec 2024 00:54:34 No.1368790 Report

Quoted By: >>1368792

>>1368788
You are an idiot.

Anonymous

Anonymous Tue 17 Dec 2024 00:56:32 No.1368792 Report

Quoted By:

>>1368790
Invest everything, it's going to double any day now. Two more weeks.

Don't even worry about trying to cash out; it's a permanent investment.

Anonymous

Anonymous Tue 17 Dec 2024 02:11:59 No.1368801 Report

Quoted By:

>>1368788
crypto wallets are too weird for ordinary people to get into. I think people are just going to invest in ETF and crypto holding companies.
>>1368787
sadly not the cannabis sector

Anonymous

Anonymous Tue 17 Dec 2024 03:19:28 No.1368812 Report

Quoted By: >>1368817

>>1368785
Dunno if anyone can see the obvious architected bubble and crash here

bottom block in the pyramid

bottom block in the pyramid Tue 17 Dec 2024 04:36:22 No.1368817 Report

Quoted By:

>>1368812
Get in and out before the bubble bursts

Anonymous

Anonymous Tue 17 Dec 2024 04:37:16 No.1368818 Report

Quoted By:

>>>/biz/

Anonymous

Anonymous Tue 17 Dec 2024 07:36:15 No.1368842 Report

Quoted By: >>1368896

>>1368788
>because they're fly by night scammers.
It's a good thing fiat currencies don't suffer from this issue, making this a crypto-only affair.

>how does the FBI manage to keep "recovering" all these ransoms
The blockchain is where it all happens. The blockchain is public record - everyone has a copy. This makes it very easy to follow the flow. It's a ledger after all. What happens generally is they don't seize the money as much as seize the account the money went into. Once they are in control of the wallet they move the funds. They cannot do this without said control and in a lot of cases the keys to the wallet are either provided as part of co-operation after being arrested or the keys are left somewehere they can get at them and 'just use them'.

If you doubt it's security, consider the "satoshi wallet". Before he went public with it he minted himself a shitload o coin, and they're all sat in that wallet. Everyone can see them. Considering what BTC is worth now, it's safe to assume that wallet is a target. People *are* trying.
The money still in there.

>>1368789
> was going to remortgage my house and life insurance policy and invest it all in bitcoin and then cash out quick and pay off my debts
Can work. Wouldn't suggest it. Trying to use it as a quick turnaround is a problem because that's not what a currency is for. You're trying to use it like the stock market but this isn't built on bullshit and speculation, it's built on math. Puttin' away 1k 'cause it'll be worth 10k in a few years - viable strategy. Throwing it all down for a rapid turn-around, at the peak of an artificially inflated raise? I wouldn't.

Anonymous

Anonymous Tue 17 Dec 2024 16:08:24 No.1368896 Report

Quoted By: >>1368913 >>1368921

>>1368842
>People *are* trying.
If you think the NSA/CIA/alphabet soup bullshit orgs don't already have a built-in backdoor, you're retarded.

A normal peasant like you or I would not even be able to get a case investigated in a month, and yet...

https://www.justice.gov/opa/pr/department-justice-seizes-23-million-cryptocurrency-paid-ransomware-extortionists-darkside

>As alleged in the supporting affidavit, by reviewing the Bitcoin public ledger, law enforcement was able to track multiple transfers of bitcoin and identify that approximately 63.7 bitcoins, representing the proceeds of the victim’s ransom payment, had been transferred to a specific address, for which the FBI has the “private key,” or the rough equivalent of a password needed to access assets accessible from the specific Bitcoin address.

Yeah guys, just keep investing that money into a digital currency the US government totally doesn't have complete control over. I'm sure it will work out for you.

Anonymous

Anonymous Tue 17 Dec 2024 18:29:50 No.1368913 Report

Quoted By: >>1368917 >>1368922

>>1368896
>for which the FBI has the “private key,”
Which is unique, per wallet. How did they get this, precisely?

Anonymous

Anonymous Tue 17 Dec 2024 18:53:03 No.1368917 Report

Quoted By: >>1368926

>>1368913
Doesn't look like they specified how they got it, less than a month after the ransom was paid. Just excellent police work I guess.

Anonymous

Anonymous Tue 17 Dec 2024 19:18:58 No.1368921 Report

Quoted By:

>>1368896
>If you think the NSA/CIA/alphabet soup bullshit orgs don't already have a built-in backdoor, you're retarded
I honestly do not thing sha256 has been broken. Honestly their best bet at a back door is some sort of network exploitable zero day that could compromise >50% of the active mining agents.
Even if they did use a backdoor or exploit at some point it would be totally ineffective from a practical standpoint as the chain would just hardfork the chain from before the exploit was leveraged into a new chain patching the flaw

Anonymous

Anonymous Tue 17 Dec 2024 19:20:11 No.1368922 Report

Quoted By:

>>1368913
It's probably much easier to target a single wallet and steal the key by hacking the individual than it is to develop some backdoor that breaks worldwide cryptographic standards

Anonymous

Anonymous Tue 17 Dec 2024 19:37:08 No.1368926 Report

Quoted By: >>1368927 >>1368929

>>1368917
>Just excellent police work I guess.
Naw, behaving like criminals. Just another business day for LEO.
https://www.justice.gov/opa/press-release/file/1402056/dl
"I then identified through blockchain explorer that on May 8, 2021, the 75.0005 BTC was sent in one transaction from the ransom payment address to two different addresses:"

Obscured the address' so independant confirm more hassle than I'd want to go through but, as I saids, public ledger » follow money.
The afdavit doesn't specify the *how* of the keys. However, there are some logical and historically proven excuses. In no particular order:
»» This last stop was at an exchange they can wave paper at and gain access
»» A member with key access was aprehended and the key handed over as part of plea bargin
»» The physical units hosting the data for the cloud servers was identified and paper waved at the provider and the key simply taken.
»» Somebody with key access was targetted by FBI malware and the key taken from their possession.

All of these are things they have done before, which was done here - or maybe another method - I couldn't say. But I can say they didn't "hack bitcoin". If they could they wouldn't stop there, they'd grab it all from ransomware gangs. They wouldn't wait around to do it either.

Anonymous

Anonymous Tue 17 Dec 2024 19:39:01 No.1368927 Report

Quoted By:

>>1368926
>»» The physical units hosting the data for the cloud servers
Incidently, there was servers seized...

Anonymous

Anonymous Tue 17 Dec 2024 19:41:07 No.1368929 Report

Quoted By: >>1368931

>>1368926
>But I can say they didn't "hack bitcoin".
They didn't "hack" every Cisco device ever manufactured either; they installed backdoors they can easily access without the need to.

It's the same reason YouTube and Google have a virtual monopoly on the market. Anyone who refused to "play ball" with the big boys ended up disappearing into the abyss. Once upon a time there were many competitors in the space, and now there are basically none. Who is Kim Dotcom?

Anonymous

Anonymous Tue 17 Dec 2024 19:51:31 No.1368931 Report

Quoted By: >>1368933

>>1368929
Well. It's open source. Feel free to point out the back door. The *only* way you're moving out of a wallet is with keys. The only instances I'm aware of "unauthorised transfer" involve third party access to the keys. This exists outside BTC and thus it cannot protect from it.

It doesn't matter how good your locks are if you keep the keys on a nail in a post at the edge of the driveway.

Personally I got far more faith in BTC's ability to keep shit where it should be than I do a bank.

Aaaaand it's gone.

Anonymous

Anonymous Tue 17 Dec 2024 20:01:26 No.1368933 Report

Quoted By: >>1368935

>>1368931
>Personally I got far more faith in BTC's ability to keep shit where it should be than I do a bank.
I'm not really here to convince you otherwise, but you've certainly been warned.

100% of the initial investment revenue was generated by criminals attempting to launder money. Every company that touched it was a criminal enterprise, and they all still are.

It's completely possible the US government will jump into the game next and buy a bunch of it with fiat currency they printed the same day, but that doesn't make it any less of a scam. The price will certainly go up if the US government invests billions of dollars into it, but I'd still rather have gold and silver coinage personally. Less chance of it going *poof.*

Anonymous

Anonymous Tue 17 Dec 2024 20:13:08 No.1368935 Report

Quoted By: >>1368940 >>1368948

>>1368933
>100% of the initial investment revenue was generated by criminals attempting to launder money
Citation required.

>It's completely possible the US government will jump into the game next and buy a bunch of it with fiat currency they printed the same day
Pretty sure they've been grabbin' some - but not in a way that causes inflation in their fiat... Accepting payment fo taxes n the like... I see a 2023 article: "the Treasury is sitting on a stash of 207,189 bitcoin".

It's far less of a scam than fiat currencies. BTC backed by cryptographic proof of work. Fiats is backed by .gov "because I said so" that inevitably loses out to the reality of trying to operate a system of infinite growth inside a system that unarguably demonstrates limited resources.

BTC on the other hand has a fixed quantity. Which is why making more of it doesn't really push the price down, beyond the obvious supply/demand relationship. The actuality is supply constantly drops as it's held and removed from circulation. Then add all the folks with 'lost' coin in wallets they don't have keys for no mo...

As for gold and silver coinage, it's already costing more to make than it's worth - using precious metals isn't going to help that. Even paper - and now polymer - money isn't cost effective... and why the strong push towards digitisation of currency.

That's going to be happening win, lose, or draw - but BTC at least gives you an option you can trust. And one that will not steadily devalue as a function of inflation.

Anonymous

Anonymous Tue 17 Dec 2024 20:26:31 No.1368940 Report

Quoted By:

>>1368935
>Citation required.
This is called intellectual dishonesty.

Anonymous

Anonymous Tue 17 Dec 2024 21:23:38 No.1368948 Report

Quoted By:

>>1368935
>As for gold and silver coinage, it's already costing more to make than it's worth
Gold is worth ~$2650 an ounce. I bought in when it was 2k a little over a year ago. I don't know how much it costs to actually mint gold coinage, but I have serious doubts it's more than 2k per coin.

Here another thought - they had no issues arresting Kim Dotcom for running MegaUpload, they had no issues arresting Ross Ulbricht for running Silk Road.

The person responsible for creating and running bitcoin is obviously guilty of all sorts of criminal offenses, not the least of which is money laundering.

Why hasn't that person been arrested? The government just couldn't figure out who it was? X for doubt, bro.

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