MM

MichaelAischmann

Slow and steady is fine by me. If you want more action you can create it yourself. Navigate to the margin section of your favourite exchange. Tread lightly, MM don’t want leverage trades to succeed.

b1mm3rl1f3

Why would you pay more than double on $1MM? guess you forgot how amortization works 😂 😂

CapitalIncome845

If you have a long time horizon, it doesn't matter. BTC at $115k will seem like a bargain when it's $250k, $500k, $1MM, etc.

kachol

Rate cuts are coming in the next few months with the first being probably this week. QT ending will mean more options and do you think the MM will buy up at a premium? No. They will tank the market before the rate cuts so they can snatch everything up cheap and the blow it up.

bizaroo933

Why? Its just dumb to think the market is manipulated by MM’s right? All the gains that alts got from the last week wiped out in less then 2 days is healty, good and normal for the market!

Eder_120

Cant imagine that dude held through. He was freeking out about 50k imagine how much he was freeking out at 500k and then 5MM . Neh he's been out for a while

b1mm3rl1f3

BTC saw +303% in 2020 with a 57.3% CAGR over the last 5 years. If that growth rate continues over the next 10yrs, a $500k investment could grow to $45MM. Living off the gains while maintaining your principal, you never lose 😉

canigetathrowaway1

I remember when people thought 100k was delusional. Can’t stop this train or the M2 YoY increase. Maybe 27’ is not feasible but it will be 1.5MM eventually

kstorm88

But we likely won't be alive by then. I'll probably start selling before $1MM just because I'll be retired.

thistimelineisweird

I can't wait for BTC to be worth $1MM when a loaf of bread costs $25k.

NombreCurioso1337

Yeah, and if you and Michael Saylor and three other bros controlled all 21MM Bitcoin and nobody else would accept it, then it would be without value. It would be unable to exchange for goods and services. A dollar, a Bitcoin, a money has no intrinsic value of its own. Its value is derived from what REAL goods and services it can procure. If you can't buy a loaf of bread with it you'll still starve. We NEED the people with all the buildings and equipment and farms to value Bitcoin, otherwise it's without value. If you don't understand the fundamentals of economics then you're just a lucky idiot who doesn't know WHY he's on the right track. Bitcoin didn't change how economics works, it just stepped in to un-rig the fiat trap that has been laid by central banks for the last several centuries. If those top 5 five firms that own all the REAL wealth don't value Bitcoin, then Bitcoin has no value. Maybe Honey badger *should* care.

b1mm3rl1f3

A peer reviewed study projects $1MM BTC by 2027. Even if it takes until 2035, the climb has to start soon. Enjoy your day

panthera_N

i was hoping so much, hoping MM would hit the SELL button, i was promised the price would drop this sunday, but my cash is still waiting, oh the long and beautiful red candle has not appeared yet, and may not appear

Backwards_is_Forward

you have roughly $2MM.... sell some and enjoy your life.

b1mm3rl1f3

I think the sept FOMC rate cut sends us. Huge liquidity grab @ $120k cant be ignored by MM

onebtcisonebtc

This is the answer... Bitcoin will eventually reach 100MM, 1B, BUT the purchasing power will not be the same as today. People still don't get how money works. Fiat (infinite / inflationary), Bitcoin (finite / deflationary)

potificate

You have to keep in mind that if it hits 100MM/BTC, that would be 19 times *CURRENT* global wealth. By the time that happens, global wealth will be much much “higher” due to inflation. What one really wants to keep track of is buying power, not nominal valuations.

b1mm3rl1f3

I have market fatigue. BTC will still go to $1MM by 2035, its okay to enjoy your life

ConsistentRegion6184

It's literally economics 101. Being voted in or able to vote has zero bearing on any economics or accounting knowledge that deals in hard data of finite resources and constraints. If Bitcoin isn't, on paper, a robust alternative to monetary supply manipulations, it sure as shit is a better alertnative in the wake of a global pandemic and continuous and rising tensions in a two party system. For every dollar spent on Bitcoin, including increasingly by captains of tech for reserves that aren't in dollars, the suits in America will convince incoming leadership to perpetually supply private corporations guaranteed return money. This will *never end*. It doesn't end when everything else has fallen because those *assets are bought up with the same money*. A Bitcoin isn't worth $1k. $100k, or $1MM, it's worth the certain exit of that cycle that a market will pay for...

twerkallknight

$24million is an approximation with a rough projection of inflation and the global economy expanding. It is not $24million with the purchasing power of today, but it is just a projection albeit a pretty bullish one. I don’t actually think Bitcoin will get anywhere near $24MM in the next 20 years.

twerkallknight

Yeah I agree. $10MM is the absolute high end of any reasonable projection. My original comment was a reply to someone that corrected someone from $10MM to $100MM and was heavily upvoted for it because people want it to be true haha.

twerkallknight

I’m not saying Bitcoin is a bad investment I’m saying your correction to $100MM is not based in reality.

twerkallknight

Sure, if 75% of all bitcoin is lost forever and Bitcoin becomes the singular global store of value and universal currency and the global economy takes the most bullish growth projections over the next 20 years, then Bitcoin would be worth $100MM. Good luck with that.

twerkallknight

It is absolutely ludicrous that you are being downvoted. People here are living a pipe dream if they think 1 BTC will ever approach $100MM

CapitalIncome845

I'm already retired, and I'd love $1MM BTC.

cuc001b

Honestly if it is between 1-20MM I’ll be happy.

Spiral_out_was_taken

As long as nothing catastrophic happens by it will be just like the S&P or QQQ’s. From the same c point of view it will also get to a c point where the average increase will probably be 7%~8% The thing is, will that be at $1MM or $250K?

rat828

If you count inflation as going up at the supply of M2 monetary expansion of 7% per year, you're looking at close to a 4x in price in 20 years. Of course, this will apply to scarce services + assets (think healthcare, prime real estate, etc.), and be weighed down by lower inflation and deflation in other areas (such as electronics). Your 1MM home in a desirable area will cost close to $3.8MM in 20 years assuming the location/house is as in demand of a location as it is today. Just want to remind that we are on numbers where it seems to be accelerating. A case in point would be if you used the same calculation 20y ago, that burger going from $2.50 to $10 sounds crazy. Until you realize that same burger is $40 in 20y. The multiplier is the same, but the numbers just starts getting nuttier. No different than $10k BTC going to $100k sounding much less crazy than btc going from $100k to $1MM. Although in this case, with market cap and amount of extra money required to move the price upwards, it's a little different, but you get the point.

risingsunx

I dropped all my disposable income on one BTC 5 years ago before kids. Right now it is 1/10th of our portfolio sitting in a ledger. In 20 years I can see that one BTC it overtaking to a 1/3rd. I think it will be significant at this trajectory, but everything will be a lot more expensive (think x2-x2.5 today's prices for essentials). People have a hard time paying for a 1MM SFH in an US metro area. Now imagine needing to pay 2-2.5M. That's how BTC will be like, expensive by USD terms. By then there may be a new form of asset people will want too. Just DCA what you can afford, as you would S&P 500

ConsistentRegion6184

If a bitcoin were $500,000, would you sell it? What will happen to your $500,000 million? It would erode to inflation year over year, possibly very fast in events like 2008 or COVID, or worse in the event of wars or government takeovers and revolutions. Bitcoin could be $1000 or $1MM, it is peer traded and impervious. The fiat price of BTC is for it's value, so it's a Pandora's box that the fiat value of BTC is respective to the value of fiat.

twerkallknight

Yeah, but if you adjust for inflation you need to adjust the target for bitcoin too because $1MM per .1 then will certainly not be enough. Meaning you’re pushing the projected value of BTC even further. Rather than doing all that math I just didn’t adjust for inflation.

ElPeroTonteria

Just stacking my sats as I can… I have a family to support, life to endure as a working class drone. Honestly, I’m waiting for laws and regulations to change. I’m expecting, in a few years, for there to be an option where I can “deposit” my BTC at my bank and earn a yield (like a HYSA) so I can spin that into more BTC w a goal to live off that juice in the future. Simple really. Won’t be much work for a bank to take the value of my BTC holdings and use that for short term MM/T-bills for a 4-5% and pay me out… that’s where my head is at

TestNet777

LOL. Yeah, dozens of wallets that turned thousands into billions isn’t meaningful. Plenty of people would turn $7,800 into $100,000 and sell NONE. Then they’d watch it grow to $1MM and still sell NONE. Then $10MM…not a single coin sold. $100MM? You guessed it, NONE! But $1 billion? Yes, sell it all, 100% all at once. Completely normal behavior. 😆

potificate

Sure, but for the average cost to hit that high, hopefully one would have been accumulating for so long that the price would be at *least* 100MM

bizaroo933

And weekend begins. Time for more whale dumping and MM manipulating actions

teddyoctober

I can’t retire on $1MM.

daireisu

Market cap is the value of total outstanding at current price. Price is being held down by sellers. You don't need 2T to move the market cap up 2T, you only need however many buys to exceed the number of sells up to whatever price where market cap moves up 2T. e.g. Let's take off all the buys and sells on the board right now. 1 transaction takes place - 1 BTC for $1MM USD. Everyone loses their minds as the "market cap" just exploded.

Medium_Change4574

It's actually hilarious how BNB always stays unaffacted from all the MM liquidation moves

zemogregor

It will be worth $1MM

mehmet_okur

Do you really think a cloud provider would risk their entire reputation to crack into their own customers private data for a wallet worth 1.5MM that they then have to figure out how to crack? You are on crack with this take. AWS/azure/GCP/etc makes more than 1.5MM PER HOUR. And they'll risk their entire professional reputation for a *chance* at possible 1.5MM? Lets talk about Netflix, one of AWS biggest customers. If ONE customers address, full name, and billing info was leaked because an insider at AWS somehow worked around their own customers IP restricted VPN, their customers heavy PRIVATE encryption, aWS would lose billions of dollars in a day out of pure reputation damage alone. You have no idea what you are talking about. And yes I'd love for you to find anyone who can provide even a theory on why this would be possible, for a cloud provider to hack into their own customers heavily protected servers.

mehmet_okur

I disagree strongly on this advice. You can set up virtual private clouds where even the cloud provider doesn't have access. That and, if everything else is otherwise set up properly, aka Done Right, its no less secure that running locally on your gaming PC GPU. But h100 rented by the minute is MUCH much faster (6-10x faster) and MUCH more price efficient especially considering his small password list of 1MM. An H100 is currently about $7 an hour from AWS but available from many less premium cloud providers for cheaper.

listeningloudly69

Go check out the documentation @martypartymusic has been sharing. Everything is on chain. Binance sending customer reserves to Wintermute (MM) who sells to liquidate the leveraged longs and shorts. Manipulation with regret or remorse. They be hunting... [Wash trading] (https://x.com/martypartymusic/status/1960474237002469567?s=19)

garelaos

What do you mean when you say ‘MM’?

bizaroo933

This is what happens if you think wallstreet and MM’s are good people and dont manipulate the market. Now you got scammed

ReliantToker

152,000 more coins associated with the wallet 😬. They moved it to exchange and literally just dumped it so not a MM. They would have trickled it to get a better TWAP

DeputyDoggg

BTC is a great long term investment. Price targets are always hard but I think we see at least $1MM+ in the next 10 years. >With that being said, I'm afraid if I invest 10k, I'm afraid there is a chance that the value will continually decrease and I will lose money over that same period? This is where it gets tricky. Would you be able to hold if your $10k investment went down to $5k or less over the next few years? There's a non zero chance that there is a drawdown from current prices at some point and you need to be willing and financially capable of holding onto your BTC. For this reason you may want to chose an amount less than $10K for now.

debtfreegoal

So the Market Makers flushing out the longs, is actually a good thing unless you’re one of those longs. The MM probably benefits from a quick short position while driving the price down, then buy back more at a lower price and we are set to run up again this week. Lesson.., if you’re trying to ride a pump with 100x longs, take your quick profits and move along. Don’t wait to 1000x your position over a weekend…

skyline917

Wish I was a MM and would know what is actually happening while scrolling through all these comments with all you plebs asking what is going on

Backwards_is_Forward

I am right there with you! Over $1MM net worth in stocks and investments alone, plus some BTC, My property equity is zero because I have 2 rentsls one brand new build. We are doing it right! I just wish I would have taken my company's early retirement offer that a lot of employees were given, now if I retire, I will not get my 4 months pay buffer that was offered, oh well, I guess I will be doing that quiet quitting thing..

kingjoeg

Who is MM?

LegendaryJohnny

Bro, funny how MM try to lure morons to buy now when Powell is speaking in 20 minutes. This will drop sharply.

Bright_Toe_4418

21MM

justletmesignupalre

The initial money was never turned into 1MM. They used the crypto narrative to lure him into believing he was rich so he wouldn't mind paying smaller fees in comparison. And they will continue to milk him until he stops. The whole website and platform is fake. Its called Pig Butchering Scam. Another user shared a link to Wikipedia. Read up on it and try to find a way to deliver the news

Helitac

MM can see where longs/shorts are mostly positioning themselves, so they control the market by taking advantage of these positions by forcing them to close/get liquidated. As the price drives down, and long positions get liquidated. And visa versa. Basically MM’s control the price to a point, in order to get in at better prices themselves. Someone else might be able to explain better.

iwannaskibbittvbeep

Does that mean the MM will boost ETH up to wipe out all the recent short bets put in? Sorry as im new to crypto and this is my first cycle this year

Pretenderinchief

Record shorts open. We all know retail gets liquidated by MM. I don’t see a scenario where we continue down before a small relief rally. It just is too easy to short from here.

Despaciito

Stop entering new 100x longs you degens.this is all MM manipulation

Seisouhen

Do they really get rekt, those MM probably have opposite positions to ride those swings

bizaroo933

Whatever happens MM’s have a good excuse to dump. Deal? ‘But its sell the news!’ No deal? ‘Thats terrible! Sell everything you have!!’

heyheyshinyCRH

Retail is not determining price, the liquidations of traders are. Don't forget to hug your MM's today!

FatMacchio

lol. A Bitcoin lizard downvoted you, I rectified that. Litecoin is an easy pick for sure, criminally undervalued still, proven tech…active development, and only 84MM will ever exist… If you don’t own at least 4 LTC for the long haul…you’re cheating your future self. That’s like $500 right now, but will be huge money someday when it finally gains its rightful place under Bitcoin. Me personally I’m probably going to be holding at least 40 long term, honestly maybe 84, so I can keep a 1 in 1MM. ETH is a great bet too…with stablecoins, tokenized stock, and other real world applications using their proven smart tech

ice_king1437

At this point, everyone is aware of the “cycles” and is anticipating a big end of the year. I don’t think the MM are going to make it that easy. I expect a lot of volatility in the next few months, some projects pump, others dump, and the money will keep moving around as people FOMO and FUD chasing profits and trying to avoid losses. I’m keeping my eye on the macro stuff like rate cuts, the stock market, and where the big money is going.

potificate

And if you had about 22k to put in back then *AND* had the wherewithal to keep it safe and secure, you’d have over 10MM now.

stunt_junk

Two questions: 1) Is there a problem this Bitcoin solves? There are several big problems that it solves, but not everyone is experiencing them right now. If/when they have one of the problems and investigate bitcoin, they will potentially see it as a solution. The timeline to discover bitcoin as a solution is different for everyone. 2) Are there any technical reasons that this implementation will fail? Has the hashing algorithm been compromised? Has quantum cryptography invalidated some aspect of bitcoin's secure implementation? As long as the answer is no, then it's likely that people will continue to move towards bitcoin over time as they identify a solution to a problem (see question 1). These two questions seem to indicate that over time, people will continue to move towards bitcoin while it remains technically sound. Increasing demand with a gradually reducing capped supply would indicate a trend towards ever increasing value, eventually surpassing $1MM. Thanks for listening to my TED talk.

readywateron

nasdaq and s&p500 are both green, seems like this is just crypto volatility and MM hunting liqudity/those that FOMO-ed?

RetroGaming4

Wake me up at $1MM. Yawn.

Ok_Competition_7346

$1MM by 2028 isn’t happening. More like $300k to $500k. We are in reduced volatility phase ETFs got approved and institutions came in. This means 80% drawdowns won’t happen. Most will be 30-40% drawdowns and this means 10x in next 5 years won’t happen as well. BTC will give 20-30% CAGR.

ElectronicWaste80

The novelty gains have been made in BTC. The problem with it now is that it must be useful for something. It takes too much energy and doesn't really do anything. You're better off and can make more money investing in companies like NFLX, NVDIA, MO, GOOGL, etc. those companies actually make money and the gains in value and dividends will pay you more. Even if BTC goes to $1MM a coin. That's only 10x. Look at what NFLX did in its first 10 or 15 years. Or any other strong earnings companies.

PacificLion11

My house went from $800K to $1.6M. And yes I feel fortunate. But the biggest dumbass move was using my 2012 bonus of $75K to pay off graduate student loan and credit card debt. Or even to pay off my Mastercard of $10,000. That same $10,000 of BTC at $13.50 at that time is $84MM now!!!! And it had gone up 193% in one year already…

TG_King

“Demand for Chainlink has already created hundreds of millions of dollars in revenue, substantially from large enterprises that have paid offchain for access to the Chainlink Platform. With increasing demand from a number of the world’s largest banking and capital markets institutions, this form of paying for the Chainlink standard is expected to grow into the future as the industry grows. The Reserve has already accumulated over $1MM worth of LINK from this early stage launch phase, which is expected to gradually grow in the coming months as more revenue is converted into LINK and placed into the Reserve.” Do you think they’re lying?

RiverOfficial

On River, you can set up an automatic withdrawal to execute when you have your [free withdrawal available!](https://support.river.com/kb/guide/en/can-i-choose-my-btc-withdrawal-fees-V11hnl25MM/Steps/3503302)

Aethrrr

yea i knew for health price action, we NEEDED a pullback. otherwise everyone goes long, makes a ton of money and the price becomes wildly unstable. MM's licking their lips as well, its such easy money when prices jump a lot and ppl start piling up the longs. I predicted a retracement to previous ATH resistance would be a good spot to enter into btc after taking profits at 120-122k. It really easy when you understand how a healthy market should move.

TestNet777

So you think it’s normal that someone investing $1,000 or so wouldn’t cash out a single cent until it was worth over $100 million? Double your money, no cash out. 10x, nothing. 100x, nothing. 1,000x to $1MM…nothing. 10,000x to $10MM and not a damn cent cashed out. But now, 100,000x to $125MM and magically they’ll cash it all out. Nothing about that is suspicious to you? Seriously?

b1mm3rl1f3

Yes but he's also ETH's biggest bull and he's accumulating as fast as possible/Saylor style, aiming to own 5% of the entire supply. He thinks ETH has 100x upside and recently called $16k a fair valuation. Then we have VanEck with comments like "ETH may yet prove to be a better asset than BTC" or some entity who created 4 wallets and bought $361MM just recently or BlackRock buying $88.8MM and other institutions literally racing to accumulate as much as possible before we break $5k. They can't all be wrong. You're underestimating the bullish potential that ETH has and the violent V reversal its about to do

GreedVault

same, i wouldnt mind a few free bucks in MM USD.

ME_PIG_ME

Ok what we are seeing now is called churn Its designed (manufactured actually) to make you feel like you do MM from large firms can sell borrowed crypto into bids to force prices temporarily lower. They often have also sold perps and are aiming for liquidations, but normally its to get you to sell low and then run it back in a few days or a week and you will buy higher. Its a classic strategy as old as time. Don't use leverage and if you do maybe limit to max 5% of your portfolio. Also try holding through this as you only lose when you sell. Bull has a long way to go yet. The way I think about it is everything is driven higher once BTC moves higher, and I am almost certain that this is not the highest BTC will ever be. So if the odds are that this is not the highest BTC will ever be then why would I sell now.

b1mm3rl1f3

ETH. Blackrock is accumulating at record pace, someone else has accumulated $300MM from Galaxy Digital OTC in the past 3 days and sharp link increased their position to $1.65B

VariatCA

We'll see what information trickles out through the weekend. I guarantee the stock market MM's are pressuring Trump for some sign of relief after the last two days. The weekend will give the stock market plenty of time to assess the situation + any new positive outlook details, though it will probably remain choppy for Bitcoin & Friends.

SusanForeman

> You trust your bank that much? Yes, no one is getting $1MM hacked from their bank account.

user_name_checks_out

He didn't say you have $5MM, he said that the price of bitcoin hits $5MM. So you have $5MM * x, where x is your bitcoin balance, and you have to spend half of it. Now go again.

DonkeyAsleep7884

I did some reading on them as well just now. They work with KuCoin and ByBit so it's not some unknown MM, I'm just uninformed lol

Puddingbuks26

My 751 should be visible somewhere but importing vault address in MM doesn’t show any

ImmediateDust9721

The bars correspond to the left axis. The lines correspond with the right axis. The lines are a running total of the bars. That "spike" you see at 120,000 is actually about 600MM (left).

New-Ad-9629

I have done some research on this and you're absolutely right. Institutions are buying OTC, and the supply is rapidly depleting. Here's one article: [https://cointelegraph.com/news/less-than-15-bitcoin-left-on-crypto-exchanges-signals-supply-problem](https://cointelegraph.com/news/less-than-15-bitcoin-left-on-crypto-exchanges-signals-supply-problem) I also suspect that the big players are manipulating the price on the exchanges. Let's say I'm a big institution who wants to buy $500 million worth of bitcoin OTC. Why can't I sell $5MM at market price to bring down the price, while I buy the big amount OTC? The OTC balance has now fallen less than 150,000 bitcoin. I used AI deep research to find a timeline when there will be a "supply shock" and institutions will HAVE to buy from the exchanges. It says 6-12 months at current depletion levels. I think we're going to see some wild price action in the next couple of years!!

jewpanda

Not discrediting that you can and have made money on it. But to "believe" in it or think it has a real future because of utility is silly. It was made with no other purpose than to be funny. Stoked on you making MM though! Props!

b1mm3rl1f3

$1.8B in ETH ETF inflows this week vs $73MM for BTC. You had one job, buy ETH🤭

user_name_checks_out

You think Kraken can get his $5MM back from Bitstamp?

noBeansHere

Cold wallet. Hardware wallet. Like trezor. Hot wallet. Like phantom, MM, etc.. Depends what coins you want

pwnrenz

$20,000 invested in btc now will be worth roughly $172,000 when btc is $1MM

Grunblau

I remember when they actually bothered to construct a narrative as to why we are going down. Not just that the MM’s need to flush the leverage… OKX and Binance US are doing most of the work.

javimaravillas

1 MM

OneFormal4075

I'm still not sure I get your point, my point is this, if the market capital of some instrument changes, then a public liquidity pool or public order book HAD to have changed to cause it. Sure a single exchange could just make up a price but then an MM or AMM would just come along and settle / arb it. Either way this is recordable, sure we might not know what price the seller paid if it was an obscured OTC but at the moment any buyer or seller affects the price of an instrument we can see and record it BY NATURE there is no way of getting around that and because we have a ledger ( the beauty of Blockchain ) it's there for you to see.

DonkeyAsleep7884

>For crypto natives, connecting a non-custodial wallet like Metamask with different chains may seem like a seamless task, but this ‘simple process’ can be very confusing for newbies. This hits home. I had a few friends compeltely quit crypto because they were annoyed with MM and all the wallets they needed to use.

pioneer76

With the increasing BTC price, I am genuinely thinking that it would make sense from a game theory perspective for the US to just outright ban it at some point. Like if 1 BTC hits $10MM and inflation is going nuts with people fleeing to BTC, I would think the only way to save the dollar would be to outlaw BTC. Curious if it will happen.

Ashamed_Moment_2477

Yeah…annoying. MM should be scared that their business model fades out

Capitano88

Completely fucked by MM finance and anything to do with Defi on their platform

schmelf

I don’t think this is backward looking except for the return rate. I think it’s saying if you have 0.25 btc now, invest 500/mo for the next 4 years and btc keeps appreciating at 79% per year then you’d have $1MM in four years.

panthera_N

MM wintermute holds most of this coin so i expect them to pump it to 1B mc i consider it a lottery ticket for fun

b1mm3rl1f3

ETH surpasses the combined market cap of Goldman Sachs and Bank of China. Lots of shorts are about to cry @ $4K ETH when we slingshot to $5K faster than you can say daddy. Then we slump -25%, because did you really think MM would make it that easy for you? 😉

battfastard

People don't even deposit 6(MM) into a single bank account.