Everyday it’s something else.
Category: bitcoin
Bitcoin Surges Above $8,000 As Stupidity Goes Parabolic
To be sure, it’s impossible to know when something like this will finally succumb to reality, but these kinds of things are vulnerable to crises of confidence and in the absence of any kind of fundamental thesis to fall back on, it won’t be immediately clear where the “bottom” is when Wile E. Coyote finally looks down.
We’re All Doomed: Bitcoin Boy Band Edition
“I know a lot about Bitcoin.”
‘Father Of HFT’ On Bitcoin Futures: Peterffy Warns CFTC Of ‘Suicidal’ Decision
“…if the Chicago Mercantile Exchange or any other clearing organization clears a cryptocurrency together with other products, then a large cryptocurrency price move that destabilizes members that clear cryptocurrencies will destabilize the clearing organization itself.”
Monday, Monday.
The fireworks started in Japan and that’s where they ended.
‘There’s Panic’: Bitcoin Plunge Sees $33 Billion Disappear Into Thin Air
The stakes are getting higher.
Watch The Throne.
What happens over the weekend no longer remains confined to the weekend.
Head Over Heels For Bitcoin
“When given a choice between $1,000 worth of Bitcoin and $1,000 worth of a traditional financial asset, 27 percent of millennials chose Bitcoin over an equivalent amount of stocks, 30 percent chose Bitcoin over government bonds, 22 percent chose Bitcoin over real estate, and 19 percent chose Bitcoin over gold.”ÂÂ
Goldman: Bitcoin Could Be Headed To $7,941
Submitted for your approval…
The End Of Money.
What’s implicit there is that if the dynamics that “saved” the fiat regime were to reverse course, well then the untethered system could face an existential crisis.
Here’s How The Crypto Bubble Bursts
“What I am really getting at here though is that most of these people have no experience whatsoever with losing money in investments. When the bubble bursts all of them will be headed for the exit at the same exact time.”
Bitcoin Blasts Off Above $6,600 – Only $493,400 To Go…
In yet another truly absurd leg higher…
‘It’s Enron In The Making’: Prince Alwaleed Says Bitcoin ‘Is Just Going To’ Up And ‘Implode One Day’
“I just don’t believe in this Bitcoin thing, I think – I think – it’s just going to implode one day.”
Frowny Emoji: Bitcoin Falls Most In A Month On CFTC ICO Jitters
Well, Bitcoin is now down something like 9% from highs hit just a few days ago, underscoring just how volatile things are in the land of make-believe space tokens.
Goldman Asks: ‘Is Bitcoin The New Gold?’
“An understanding of the physical nature of Bitcoin allows us to revisit our previous analysis of the physical characteristics of precious metals, comparing and contrasting them with cryptocurrencies.”
Some Guy Named Adam Ludwin Wrote A Letter To Jamie Dimon…
“Dear Jamie. Last week you said a few things about Bitcoin” …
As Dimon Shrugs Off ‘Stupid’ Bitcoin Buyers, One Bank Asks: ‘What Is A Bubble?’
“The dot com bubble had the internet. A constant theme of bubbles is the ability of speculators to shout that dreaded cry “this time it’s different.” Logical arguments against the bubble can then be disregarded as speculators declare that the doubters simply do not understand that the world has changed.”
UBS: Bitcoin Selloff Was Worse Than Weimar, Crypto Will ‘Never’ Be True Currency
“For context, Bitcoin’s collapse in value in early September was worse than the collapse in the value of the German mark at the start of the Weimar hyperinflation.”
‘You Know What? It’s Fine.’
There’s always tomorrow…
It’s Time For JPMorgan To Start Trading Bitcoin
Well unless cross-asset volatility picks up in a hurry, it looks like the irony for JPMorgan is that they might want to consider following Goldman over to the crypto “dark side”…
Kenneth Rogoff: Bitcoin Will ‘Collapse.’ Oh, And Putin Is Worried Too.
“My best guess is that in the long run, the technology will thrive, but that the price of bitcoin will collapse.”
Kyle Bass: Cryptocurrencies Are A ‘Mania At The Moment’
“A whole bunch of people are going to lose a lot of money.”
BlackRock Won’t Touch Bitcoin, But They’ll Gladly Sell You An ETF Nightmare
“…to all the Bitcoin fans and crypto-crazies out there, I’ve got good news: I’m siding with you on this one.”
Blankfein: Goldman Isn’t ‘Endorsing Bitcoin’ – Until They Decide How Profitable It Will Be
“Still thinking about #Bitcoin.”
Goldman To Start Bitcoin Trading Operation: WSJ
“In response to client interest in digital currencies we are exploring how best to serve them in this space.”
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