Bitcoin's 10 trillion dollar valuation is fast approaching

We don’t do that because we know that’s valuable. I bet the guy who stored the coins in his usb device had no idea that it’s now worth millions. Although, that value is smoke and mirrors nonetheless so he really hadn’t lost anything… :rofl:

End of that story the guy said he was afraid to mention that to his wife… I am not sure she can take that in strides like you do. :smile:

Not a big deal. Many guys sold hundreds of bitcoins at $2 each. What’s the difference from this?

I sold a stocks at $1 and then it rose above 100

AAPL or AMZN?

Jazz

Last 3-4 years, almost al, plenty,l illegal gambling sites are accepting bitcoins.

$300 Billion: Crypto Market Cap Surges Past Bank of America’s Total Valuation

Litecoin went up 40% in the last 2 days. Seems than Bitcoin and other alt coins are competing for money. When one goes up, the other goes down.

1 Like

The contract price of rare bulbs continued to rise throughout 1636, but by November, the price of common, “unbroken” bulbs also began to increase, so that soon any tulip bulb could fetch hundreds of guilders. That year the Dutch created a type of formal futures market where contracts to buy bulbs at the end of the season were bought and sold.

Tulip mania reached its peak during the winter of 1636–37, when some bulbs were reportedly changing hands ten times in a day. No deliveries were ever made to fulfil any of these contracts, because in February 1637, tulip bulb contract prices collapsed abruptly and the trade of tulips ground to a halt.

So the Dutch put up tulip futures market and the next year the tulip bubble bursted! :scream:

Absolutely… what goes up must come down!!!

I see the correction has begun… could be the beginning of the end…

Yes, correction is in progress. Let’s see where the support is. Next couple of days will be interesting with the futures start trading

Maybe Andrew Left will publish some “research” on it after he can buy a short position.

1 Like

I can’t find Andrew Left’s networth online. Did he make much money in his 20+ years?

https://www.google.com/amp/m.scmp.com/business/money/investment-products/article/2009448/hong-kong-finds-citron-researchs-andrew-left%3Famp=1

1 Like

His recent shorts tank when he first publishes his “research”. Then 2-3 months later they are higher than before it. It creates a good buying opportunity.

If he long GBTC instead of short, he would be much better off.

But hats off to him that he still makes money with a GBTC short, if his claims is true.

https://www.bloomberg.com/news/articles/2017-12-09/a-winklevoss-sees-bitcoin-surging-as-much-as-20-times-higher