# Bitcoin #

Damn
Oh well that’s gambling

Another ATH reached on BTC. $30k USD is looking highly likely.

Yep the elusive USD$30k is very near.

And there she blows!! $33k and still going.

Jeez.

Heard of someone selling a house in Perth back in GFC, put the lot in silver then silver went from 20 to 50. Cashing out in 2011 would give 2 1/2 to 3 houses... suspect Bitcoin will be more frothy!

Vlad very much is excited after find code on scrap of paper in outdoor dunny:

$#H,NO:GFAgyghksha.s.a;lj790jZA7767df9sjk&##jlal;d;jd;a;jk;amc$##sa\ashdflasfhjcflsbc8e489sek%%090$&r9HHwl;$%7886A$%33

Is worth $40,000?

About two and a quarter bushells of potatos on the bitspud market Vlad. Try holding for another week.

It's not over until I sell the final black tulip

"In 1634, tulipmania swept through Holland. "The rage among the Dutch to possess [tulip bulbs] was so great that the ordinary industry of the country was neglected, and the population, even to its lowest dregs, embarked in the tulip trade." A single bulb could be worth as much as 4,000 or even 5,500 florins - since the 1630's florins were gold coins of uncertain weight and quality it is hard to make an accurate estimation of today's value in dollars, but Mackay does give us some points of reference: among other things, 4 tuns of beer cost 32 florins. That's around 1,008 gallons of beer - or 65 kegs of beer. A keg of Coors Light costs around $90, and so 4 tuns of beer ≈ $4,850 and 1 florin ≈ $150. That means that the best of tulips cost upwards of $750,000 in today's money (but with many bulbs trading in the $50,000 - $150,000 range). By 1636, the demand for the tulip trade was so large that regular marts for their sale were established on the Stock Exchange of Amsterdam, in Rotterdam, Harlaem, and other towns."

https://www.investopedia.com/terms/d/dutch_tulip_bulb_market_bubble.asp

Datadash gives the case for alts here
https://youtu.be/lpp8nIvV4uQ

Yes USD$40k is certainly well within reach now. If it breaks above this well then the skies the limit!!

And we hit $40k USD overnight!!!

...and the total crypto market cap has crossed 1 trillion

Impressive huh.

Almost $42K over the weekend, down to $33K today. Apparently the biggest drop in a year. Impossible to pick!

Wow, just goes to show money might not grow on trees, but it certainly gets created out of thin air!

Overbought, needed a correction

Biggest $ value drop maybe Ben but certainly not the largest % drop. Not even close. It needed a correction to refuel for the next leg up.

Yikes. I couldn't do it.

It's all about risk management and stop loss. They are both your friend. Volatility makes trading way easier.

This doesn’t have much meaning for myself beyond general curiosity but but some might find this interesting.

https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-do...

Incredible. That is investigative journalism. Best financial whodunnit since Man Financial. And the implications...

Implication #1: now we may see where the flow has been coming from for the latest rally
Implication #2: Tether is now less mysterious - but darkly, more intriguing... who dunnit? Whyfor dunnit? And if the backing is as suspected, how is that different to a fiat currency printed out of nothing? Questions, questions.
Implication #3: lots of flow on big exchanges may come in this form, hmmm
Implication #4: exchange: choose wisely!
Implication #4 Dogecoin might be looking more respectable... if it even still exists. I have no idea but I liked it.

Edit: every year I might take a dozen or so financial articles and print them out for posterity. Looking back gives a snapshot of the themes and times. This one is getting printed.