A few buddies had to bear all my talk about Bitcoin as I began purchasing it in Aug. 2014 to April 2016 (purchasing it for as low as 190 in early 2015) - and selling it in 2017 and early 2018 - (beginning at 7,000 as high as 19,000 and back down to 11,000) - keeping everything I still had at that point. It went down to about 2,900 six-8 months ago and stayed below 4,000 for a considerable amount of time.
Obviously...I bring this up for a reason. Bitcoin went up 750 last night and is trading around 4800 (things change rapidly) .... I was asked by a buddy, not too long ago when Bitcoin was staying around 3100, if I thought Bitcoin 1500 or Bitcoin 15000 was more likely - I answered it was equal chance and that both could happen.
Well.... the big big money seems to have made up their mind (Bitcoin at this point can be easily manipulated by multi billion dollar moves)...15 billion of its 83 billion dollar market cap was traded. Oh...this spike and whatever comes next...in the next hours or days or perhaps weeks - will largely be the stress test for the new "stable coins" pegged at the US Dollar. In nearly all circumstances...these stable coins are backed by LARGE investment companies. The stable coins are a new phenomena....in crypto trading largely and this is a first big test. EVERY major coin is up the last 24 hours in cash value.
Well.... the big big money seems to have made up their mind (Bitcoin at this point can be easily manipulated by multi billion dollar moves)...15 billion of its 83 billion dollar market cap was traded. Oh...this spike and whatever comes next...in the next hours or days or perhaps weeks - will largely be the stress test for the new "stable coins" pegged at the US Dollar. In nearly all circumstances...these stable coins are backed by LARGE investment companies. The stable coins are a new phenomena....in crypto trading largely and this is a first big test. EVERY major coin is up the last 24 hours in cash value.
This spike (which is what it could be) came almost at the very moment Bitcoin was set to go below EXACTLY 50.0% of the total market cap of all cryptocurrencies. The rally has put that number back at 51.8% - so.. all the move could be nothing more than big money defending the 50% line and the concept of Bitcoin as a store of value...... BTW...there are over 2130 "coins and tokens" right now on https://coinmarketcap.com/all/views/all/
The technology of these blockchain coins have come a long way - I'd estimate at least 100 of these coins have real potential to have a real product and clients who want to use their blockchain technology. They aren't hard to find...using the link above they have self sorted themselves largely....finding the needle in the haystack is still possible (easily too). (I shit you not I had a coin go up 75% the other day that I owned.) But you have to do your homework.
So...let me declare today that 15000 is more likely than 1500. And...it's time to get in.
https://www.coinbase.com/join/52570ca75308dda35e000033 - Use this link... buy 100 dollars of Bitcoin within 90 days...and you and I get 10 dollars of FREE Bitcoin... (You will also have a link when you join for others to use btw.)
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https://www.coinbase.com/join/52570ca75308dda35e000033 - Use this link... buy 100 dollars of Bitcoin within 90 days...and you and I get 10 dollars of FREE Bitcoin... (You will also have a link when you join for others to use btw.)
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The Archive Awaits
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