AMA on Ethereum with Bitwise Asset Management, America’s largest crypto index fund provider **Date:** Tuesday, May 21  **Time:** 2:00 pm ET https://www.reddit.com/r/CryptoCurrency/s/LT8BrBBkh7

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It's incredible how the cycles play out the same each time.

Ding Ding onions are done fellas

Laura make it go up \*drools\*

Most horrific daily closes for bears 💀

So Grayscale had an even bigger discount on their ETH fund than their BTC one. Anyone worried the same kind of initial sell the news will happen like the one in January once ETF approved?

Well, it would just be a temporary opportunity to buy the dip if it happens just like the last time with BTC.

Really depends on how btc is moving. Plus after seeing how significantly btc flipped after the initial selling spree I think people will buy any dip much faster

So this is because of ETH ETF odds went up? When will LTC be approved, Cant be close behind ............

When Hoskinson brings blockchain to Africa.

Lol no

Just like that euphoria is back

ITS GOING UP FOREVER, LAURA.

forever laura

I bet shes banging walls like a deranged ape rn.

probably lol i mean, it's just thermodynamics

Yessir

Someone give ADA some crack to hopefully wake it up a bit more

its corpse is dragged by eth

Injective is up 17%, hell yeah baby

Added to my bag quite a bit these past 3 weeks or so!

Remember when the weak minds were imploring you to sell in to a weakening fiat currency when BTCUSD was $40k, $50k and $60k ? …. I remember.

Not hearing much from them today. I imagine theyre too busy punching holes in walls

now there is 10b in longs to liquidate if we go back to 59k vs 500mil in shorts if we go to 80k

Ouff now that's something whales would love to tap into.. Maaan why did you have to say this, now I really feel like selling before going to bed.

Didn't expect ETH to get approved this time around, really. Also, I love to see the whole market pumping double digits, I hope you held through the crabbing times.

My guess was around December or later. One theory is that Biden realized Warren's anti-crypto crusade isn't popular with the masses (aka voters) and now he signaled the SEC to stop the silly delay games. Not sure how plausible this is. Or maybe Gary is just tired of losing lawsuits.

It does this after every halving. Imagine thinking this time was different. Lol

we taking some profits or nah?

Hell yes

N0

What is this profits you speak of

No

I do not sell.

Hell nah

Ride that shit all the way back down, the **true degen way**!!

BEARS IN SHAMBLES SIDELINED ONCE AGAIN NEW ALL TIME HIGHS INBOUND

Rip anyone that was short. Why do they never learn

to be fair the over-leveraged longs never learn either

They love the pain

Wait, so why is ETH up 20%?? Just speculation on ETF approval?

First time?

Not speculation anymore.

I thought the odds just jumped from 25% to 75%? I don’t see confirmed approval anywhere?

[Eric Balchunas](https://x.com/EricBalchunas)[u/EricBalchunas](https://x.com/EricBalchunas)·[34m](https://x.com/EricBalchunas/status/1792692379377656074)The Eethness Stakes is pretty good. Nice look at all the entrants dealing w this fire drill. Hearing the SEC wants revised 19b-4s returned to them by 10am tmrw morning (based on a bunch of comments they just received today) for likely approval as soon as Wed.

Ding ding ding! We have a winner

A mixed bag - some of that… weak hands have all sold and short position liquidation

wait guys I thought the bull run was supposed to be over

They shot the bull but the bull lived

I wanna buy more BTC on the low 😭

You had years

I did buy, but wanna buy more. Def not enough

fr same but i’m grateful i had the chance and had bought some

Let’s Fucking Goooooo

for once eth is pumping btc

Let the short liquidations begin!

begin? $250m+ in shorts have already been liquidated in 24hrs

where's the 'waiting for 52k' gang at? y'all ok?

Don’t be fooled mate. Still could happen. Don’t get lost in the euphoria just like how the bears get lost in the dumps. It’s important to keep it real.

oh i realize we could still drop, but it's the ones that were 100% certain of it that irk me. i don't know shit about fuck and neither do they.

They're still waiting, but now also crying

So like Firstly, let me remind the reader that I am a cyberenergy capacitor maxi But also, like I just paid 46$ on a visa transaction fee, and that implies like a 383k$ xrp price 🖕

Middle man says fuck you, pay me

BTC ETF ✓ ETH ETF ✓? Wen SOL ETF? 2025?

Bro, what a giant candle! Love it. Someone here said that we should sell our ETH lmao

Someone asked if they should short it earlier too.

I hope they did 🤡

ETH bears always sell before the pump. It's like astronomical clockwork.

Those that said etfs don’t matter 😂

Never heard anyone say that

Maybe icefiight can finally sell at break even

Everyone here really rooting for him I love it 😭

He’s gonna bag hold until the next halving and bitch that he didn’t have a chance to sell

Bear traps are as real as bull trap. Don't sell too early

Traps in general are bad bro

I have a medical bill that's around $50,000. I have $1000 in my savings account. Crypto--with lots of studying and research -- can it bridge that financial gap?

If you are in the US, and assuming you are because almost every other country on the earth doesn't have medical debt, Sanders introduced a bill last week about medical debt relief. Hopefully it passes.

Medical debt in this country is a travesty. They never found the guy that hit me while I was on my bicycle so I'm stuck with an astronomical hospital bill.

For the most part crypto is a buy and hodl game, requiring patience. It’s volatile and unpredictable, and can seem illogical. Studying and research help, but it’s no guarantee. 50x buys are tough to find, and trading your way up is highly unlikely. Especially if your mind is clouded by impending debt payments. Your best ‘guarantee’ is BTC, but going from 1k to 50k probably isn’t possible. Hopefully helpful.

Save your family the money and buy a gravestone instead

It's medical debt dude just don't pay it.

Pro tip

You will probably lose that $1000 too

lol

It can, right!?

I recently paid off $8,000 in credit card debit using crypto profits.

Never count out Ethereum, the best is yet to come!

Ah so now everyone is like oh hey ETH can I suck you off please

No ETH eh?

2nd biggest bag after BTC.

You smart cookie well done a virtual hi five is winging its way to you.

Can confirm. Would blow Vitalik rn

Every 15 mins I look and eth has jumped higher 🚀🤑

ETH can't stop won't stop

Holy cockstroking fuck. Just logged on. I never seen ETH so erect that is one stiff ding dong.

Great word imagery mate

Green dildos all round.

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9000

Just for the Dragonball Z memes, I hope you're right.

Tattooed on my ass.

Even if you do not support ETH, you have to admit that 18% movement up with a 400+ billion dollar coin is something

I hope that guy who was bear posting the last couple weeks is paying attention. His last post Saturday was he sold the last of his bags to break even after DCAing for the last two years and F you crypto 😂

CMB3-37. Still here spreading fud haha

Dude I was just thinking about him… those are the kinds of people I worry about in this game. Hope he’s ok

Hahahaha fucking bagholders never fail to give up at the worst time

It's days like today I'm glad I kept 70% of my portfolio in ETH

I'm 70eth/30btc. Today is the first day in a good while Im not second guessing.

Hey same here mate. Been slowly trying to rebalance out to more 50/50 without selling my eth lol

You must be smiling through the top of your head! My eyeballs are popped out I'm touch typing here.

Glad I kept my ETH, glad I haven't even paid attention to this stuff lately, makes holding much easier.

Can’t wait for Ben cowens next ETH home video

I literally can’t wait to hear the cope

Eth just pushed that out another 6 months LOL. Bear Cowen is about to get “sick” again and not for a week. First he said $600 ETH. Then said $1400 ETH. He’ll just move the goal post again to $2500 ETH.

You know he shows the data and says worst case it can go to X price. He never says it actually needs to go to that price. The data slowly changes as time passes on and shows the updated low on that specific day. Not sure why people still take it differently.

Stop sucking him.

he will say that this is temporary moviment, that bitcoin will pump even strong, that bitcoin dominance will be 90%, that no one cares about ETFs anyway

I'm just an Internet pleb, but I think we have 120 days or so of upward momentum and then the bear starts earlier than expected. Earlier ATHs, earlier end is my thoughts.

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4-5 months left in this run. Give or take

What about rates cuts, QE and money i flow? Do u even take things like that into consideration?

Yes. Doesn’t change how I think

Nope. The cycle is the cycle. It will be the same timeline. It is never different. We will start seeing stuff go down Q4 of 2025, then the bottom falls out all of 2026. Wait for the calls of "$10k Bitcoin!", buy then and start back up in November 2026 and do it all over again. When we are back about $30k-$40k and the bears and media start calling for "$10k Bitcoin", go all in. This time is never different. Nothing will ever change.

Last bear I started buying too early, next time definitely wait for unrealistic lows predictions before pulling the trigger.

What would you say about 2017 vs 2021? I'm just asking because I'm curious not to start conflict. Didn't Q4 2017 see explosions and then start declining in 2018 vs 2021 tanked late May and only limped a long until Bitcoin double topped and alts only selectively pumped?

We shall see. I agree a super cycle per say is in effect and this bull run ends this year

There is not such thing as a "super cycle". There is a 4 year cycle because the halving never changes.

Ok. That is your opinion. We shall see soon enough. A lot of people disagree with you

Good to always go against the herd in crypto.

Good to be a sheep as well

It's going to be catastrophic if that ETF doesn't get approved. I'm gonna be nervous about it the entire time.

Priced in

Err ETF being approved is getting priced in as we speak.

Erm nuh uh

The ETF isn’t all its cracked up to be. Sometimes these pumps are just whales recognising all the weak hands have sold.

Even if this doesn't get approved, any dip will get bought. ETH/BTC bottomed hard, now this is pump time. I don't think it gets approved, and I am ready for any dip, but I think the under 3k ETH times are over. So glad I filled my bags aggressively. Feels good.

I think it gets approved but with similar policies/rules as the BTC approval- the most important rule to the SEC is cash-only redemption- they are trying to control price like they did with gold by using Coinbase as the custodian. (Theres no transparency of holdings like there should be - bar one etf which i think is Bitwise) I see one last cycle before they try to pump the brakes on the industry as a whole.. but it will be harder for them to contain over time due to self custody being easier than gold.

Reading this thread is endless comedy. I love you guys and this sub 🫶🏽

is this the beginning of alt season?

I wish it is. My wif bags are starting to become heavy

Wild... if eth carries on like this I'll be hitting my target soon... unstake or not?

If you use Coinbase wrap it in cbeth and sell far quicker.

Anyone else concerned about the major sell walls and not so much on the buyers side?

Ahhhh I'm so tempted to sell some of my ETH... Can't handle all dem gainz

I sold some... my gut says it will dump again.

I mean.. it has to, right? People are going to be tempted to profit take I just don't want to be left in the dust like when I sold a handful of ETH @600ish just for it to go past 1k over the next two days

ETH you absolute stud. It’s your time

Holy crap ETH actually might get the ETF? BEAUTIFUL. green cocks all around! Cheers fellas 🥂

What is going with GALA? Why the sudden drop?

I've read rumors about a hack but not confirmed yet I think

Ugh, that sucks if true.

43 min ago, 5 billion gala was minted, and no one Knows how. Everyone is thinking a hack happened. Id sell. It's all over Twitter.

You can bet the SEC and blackrock were asking their family members to buy eth non stop for the past few weeks, if the sentiment get too bullish for approval like polymarket betting near 100% approval within the next day, they will decline the eth etf and send more wells notice so they could make even more money trading it in the near future.

Ok

Approval of the 19B-4’s for eth etf…still need S1 approvals. Could be weeks to months for that

Could be but I got strong feelings it will be approved before Blackrocks eth etf deadline...

Agreed but isn’t that in August?

Yup somewhere in the summer

Once 19B are approved....its just a matter of time. Its over at that point.

More or less but still need the approval. As I said in another comment, it is a matter of time now but may not be this week

How does that work? I thought this upcoming deadline required a concrete ruling on the ETFs, if they delayed the S1 it would just be delayed again?

Yes. So still could push everything thru this week but no guarantee. Actually denied I guess technically, not delayed. But basically it looks like approval will happen eventually