Crypto is dead. Everything you knew, gone. The major players of yesterday, irrelevant. The rules of the game, destroyed. Up is down. Down is up. Here is a final look at the previous lords of Crypto: the Neckbeards. They were gentle guardians of the fertile Crypto plains during the Paleolithic period. They roamed the crypto exchanges as doe eyed benign …
Read More »Monthly Archives: December 2017
Are Tethers Bitcoin’s Cryptonite?
Tethers are a Cryptocurrency that are designed to be pegged to the USD. They are created out of thin air (sound familiar to USD) and mostly used on the Bitfinex exchange. Issuing a currency pegged to the USD from nothing is a very dangerous game. From the Tether website: Tether converts cash into digital currency, to anchor or tether the value to …
Read More »Litecoin flexing, Bitcoin stalling
Litecoin is up almost 300% in four days. Why? Some say Litecoin is undervalued vs Bitcoin. Litecoin is a Bitcoin fork that will often integrate new features before Bitcoin. It is joked that Litecoin is Bitcoin’s testbed. Maybe the run is because Charlie Lee, the founder of Litecoin, was on CNBC. Or some people see Litecoin as silver to Bitcoin’s …
Read More »Everyone is a Bitcoin Expert
Bitcoin breaks $15,000 and everyone is an expert. It’s amazing how that happens. I wonder where all these experts were when I recommended it last Summer. I look forward to you all sharing your wealth of information and insights based on the CNBC article you just read. Moments ago I received a call from a friend saying he was introduced to …
Read More »Bitcoin is a dumpster fire
You’ve got to be fucking kidding me. I posted this yesterday. I will eat my own dick if BTC doesn't hit 20k by tomorrow midnight. — Coinspeak (@coinspeak_io) December 7, 2017 We topped at $19,700. Life is cruel. Bon Apetit I guess. We are experiencing an “accelerated buying opportunity”. Haha no, we’re not. We may be in for a $10,000 …
Read More »Bitcoin: Party, Parabola, Paradigm shift or Ponzi?
The Bitcoin party won’t stop. Crypto traders are doing virtual keg stands on Twitter waving their dicks around showing pictures of new houses they bought with Magic Internet Money. Yes, we’re all getting rich and you’re not. Bitcoin is over $16,000 this morning. I’ll say what you’re thinking: “that’s retarded”. However, as Warren Buffett said, “the market can stay retarded …
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