Anyone of you nerds own bitcoins or any of the other ‘evil’ crypto-currencies? BTC is now bidding $2,084, up more than 4%. That’s fucking amazing. What’s even crazier is that I missed the entire run and I couldn’t care less. I had a woman tell me yesterday that she thought bitcoins were literally evil. To be agreeable and not unkind, I agreed. It made me feel good inside, casting aspersions that were based in irrational thought. Now I know how most of you feel when you shitpost here, pestering me with illogical phrases and ‘financial strategies.’
Why the fuck is it higher again? Answer me now, or forever hold your penis.
Moving on.
Following Trump’s orb fondling days in Saudi Arabia, WTI is higher by 1.3%, gold +0.33%, silver +1.6%, and even natural gas is higher — +1.79%. Once again, the euro is gaining vs the dollar, +0.3%. All of this is giving traderfags some confidence in stocks, with futures pointing up by 2 whole points.
Over in Europe, those bastards are losing money. The Germans are down 0.3%, Spaniards -0.26% and the meatballs from Rome are off by 1.19%.
On the banking side, the yield curve is flattening again — with the 2 yr up 1bps to 1.29% and the 10 yr flat at 2.249%. Ignore this all you want until the fucking thing is literally forecasting recession and then you’re crying in your shower — wishing you listened to my warnings.
While futures might be pointing higher, it sure does look like a whole lot of nothing out there. If anything, the run ups in commodities isn’t boosting stocks like you’d expect — lending to a fairly somber, anti-climatic mood.
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Watch this video and and see what’s going on behind bitcoin’s curtain. They can’t sell. Besides… Ethereum was 90.00 on Friday, now it’s 195.00. https://youtu.be/SmCSssXJ9Hg
How about the footnotes?
I own a few, very few, and perhaps the reason it’s going up is people who bought for the same reason I bought. Pure speculation.
I have no idea what I own and there’s no way to assess proper value as there are no traditional metrics available to measure based on fundamentals.
I’m holding for the long haul because I don’t want to miss the big move but I can guarantee that after the big move, if it drops to zero, I’ll be riding it all the way down as well.
– CryptoClueless
Apparently the relatively high BTC value allows ppl to move sizeable amounts of fiat currency using fewer “coins”…which keeps the overall volume and turnover down….but that’s just the “talk” out there.
A lot of talk on the dark web that bitcoin is now the go-to medium to transfer questionable wealth from one place to another, etc. It’s not for investment purposes….just for quick transactions.
This is retarded
https://coinmarketcap.com/currencies/ethereum/
Looks normal to me…no signs of speculation or hysteria…just another orderly rise of tangible commodity. There’s a very stable feel to it.
It’s up because David Seaman is constantly jawboning it up ???.
How many bitcoins can I get for my beanie baby collection? :^)
it’s up because is not tracked and you can buy the worst thing through it ,+ who owns bitcoin (/price) can also drive price and become rich
lot of reason if you ask me , for a strong speculation to the upside
Fly, it’s because it appears that an agreement has been come to regarding the Bitcoin scaling debate at the Consensus conference in New York:
https://cointelegraph.com/news/bitcoin-miners-agree-in-ny-on-segwit-activation-before-september-sources
If you want to know why bitcoin should be rising in general, rather than this specific spike, that’s a longer discussion I’m happy to have.
That’s easy as to why bitcoin’s rising: it’s because PT Barnum was correct.