Now we’re starting to get to a valuation that can become a problem for capital markets once this bag of shit explodes. When it was just Bitcoin trading on its own, sub $1,000, it was fun and games. But now, there are upwards of 700 currencies trading — all of which are total scams. We can debate the merits of cryptocurrencies, but I’d rather not.
Instead, I’d rather show you today’s most actively traded currencies, highlighted by a 500% lift in some shit called “verge.”
Look at those 7 day returns.
The other day I was listening to degenerate edm music on SiriXM, until the electronic broadcast was rudely interrupted by a drunken DJ, who then went on a brief rant about “investing in the internet” and how BTC and ETH was going to ‘fly’ and how he was going to take profits soon — once Bitcoin ‘broke $6k.’
Those fuckers don’t deserve to make 10x their money for investing in total shit. How did this happen?
If you enjoy the content at iBankCoin, please follow us on Twitter
I hear there was a book written about this, featuring some Tulips.
Too bad nobody reads anymore though.
Bitcoin will hit $3k on Tuesday. $10k this summer is possible.
Indeed.
what will the catalyst be to break the bubble?
i should note that vancouver housing is up again and i speculate there is some correlation between bitcoin and vancouver housing. i.e. getting money out of dodge/china.
The same as always. Greed apexes, leading to profit taking, then extended profit taking thanks to late comers cutting losses, then panic, the despair.
This must be what the 90s were like buy a piece shit make 10x
It’s different this time.
Hyperinflation in reverse. Can you do anything with this stuff besides spec and trade for bitcoin? How do they make money?
..by selling at profit!! The majority of bitcoiners are incapable of thinking in anything other than the fiat confetti they disparage.
You can buy Marijuana and have it delivered any where in Continental US using $BTC also is the currency of choice for online gaming. Dude in China playing w dude in US use $BTC rather than reminbi and USD
the funny thing is its all based on faith, just like fiat, and they’re piling in like crazy.