Bitcoin Smashes Through $10k... Wait... $11k! What The Fk Is Going On?

in bitcoin •  18 days ago

I first mentioned bitcoin in a public blog on May 24, 2011, when it was trading at $7.

That blog ended with, “The Dollar Vigilante has proudly begun to accept Bitcoin as payment for subscriptions. We will be following its evolution with great interest.”

I then went on to co-found the world’s first bitcoin ATM and tried to launch the first one in Cyprus, where they had just had a bank bail-in. And then it all fell apart.

Before mainstream media caught on to how much I was trolling them on live TV, I defended bitcoin after it had “crashed” to $90 in 2013.

And, of course, since then, I’ve pounded the tables that everyone should get some bitcoin.

And what a year it has been.

In April, we celebrated as bitcoin hit an all-time high above $1,300.

Then $2,000 in May.

$3,000 in June.

$5,000 in October.

Then $6,000.

$8,000 on November 17th.

$9,000 three days ago.

And now, last night, bitcoin flew through $10,000 so fast I didn’t even have time to write this blog until it smashed through $11,000.

I did manage to livestream myself playing bitcoin poker and watching hockey while eating dinner as it smashed through $10,000 though!

In my last blog, when bitcoin had just broke through $9,000, I included this list of how many days it took bitcoin to break each thousand dollar level. I’ve since added $10k and $11k to the list:

$0 - $1000: 1789 days
$1000- $2000: 1271 days
$2000- $3000: 23 days
$3000- $4000: 62 days
$4000- $5000: 61 days
$5000- $6000: 8 days
$6000- $7000: 13 days
$7000- $8000: 14 days
$8000- $9000: 9 days
$9000- $10000: 3 days
$10000- $11000: 12 hours

You could kinda say bitcoin is heating up.

And, with bitcoin at $11,000, Bitcoin Cash at $1,600 and Bitcoin Gold at $350, the total for those who have held bitcoin since before the forks on August 1st is nearly $13,000!

Remember that one year ago today, bitcoin was at $730 for a one year gain of 1,700%!

And the entire cryptocurrency space has absolutely exploded as well. The total market capitalization of all cryptocurrencies is now $330 billion. That has nearly doubled in the last month!

Where do we go from here? That, really, is anyone’s guess.

Bitcoin has reached the mainstream now and everyone and their grandma seems to be piling in. At some point, though, it will get pushed too high, too fast, and have a large correction.

When that is, is up for analysis. And, that’s exactly what we do at The Dollar Vigilante newsletter. You can get access to it immediately HERE to read what we have been telling subscribers lately as well as to access our subscribers only Facebook Group with thousands of TDV subscribers worldwide who can help you to figure out the best way forward now that we are in crazyland.

You’ll also get access to our book, Bitcoin Basics, as well as the Book Of Satoshi, when you subscribe so you can get caught up on what has become the biggest investment boom in world history.

And, we’ve been covering it all here since 2011… while your average CNBC talking head, financial advisor and banker has been warning you to stay away from bitcoin.

Meanwhile, back in August, I rapped, “Now it’s $2k on it’s way to $10k”... and you know the rest!

And as I write, bitcoin is now pulling back under $10k for a slight correction.

Join us in Acapulco this February for Anarchapulco, Cryptopulco and the TDV Summit where many of the most important players in the cryptocurrency space gather each year.

I’ll be looking forward to seeing how many private jets arrive this year!

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it is going crazy, really..

All the way up.…

I guess I will just wait for that large correction, before my first investment :)

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But if it never comes? You need a plan B for this case.

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Plan B? It's Plan Bitcoin.
Alright more seriously, take positions in Dash, Zcash, Monero, Neo, Qtum.

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No DPoS?

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The correction is here, guys, and it is plenty of it :))

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a man with plan. not a bad plan at that.

It seems that the higher it goes, the more people get in and the faster the price continues to go up. Being volatile, that did not lasted long and the correction came and is now on $9K almost $10K again. It should stay around that price for a while or go up again. Its true. Bitcoin's grown so quickly. I made a post similiar to yours eariler this morning if you want to check that out.

In early December I'll be expecting your $15000 BTC celebration video!!

My bad luck that i did not know about dollar vigilante in 2011, is it too late to invest in BTC.

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No, it`s not too late. In fact, its the right time to stock up. As I once said in a reply to a post, Bitcoin will hit the $100,000 - $500,00 mark! With Amazon set to accept Bitcoin anytime next year, other retailers will follow suit coupled with the fact the world population are losing confidence in fiat currencies and regulated investments, the only way up for Bitcoin price is up.

Note, stock up on Ethereum and Ripple as well - you`d thank me later!

As a matter of fact I started my day with the song all the way up this morning! :D
After reading and seeing the news I just had to listen and smile like a total idot the rest of my day!
Have a to the moon rest of the week!

Many thanks - following your advice has been very profitable - much appreciated

Thank you very much for giving this news, I wanted to sell a little bit of coins but you also get the news I'm very happy to sell your Bitcoin.

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Do not sell. Stock up, the coin is destined for the $100,000 mark!

This morning:

btcdip2.png

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Yeah lame. Big aggressive trading moves. Billionaires taking it over. I feel like the original philosophy has been lost. I didn't make enough money with it that's all I know. My own fault.

WTF! THIS IS INCREDIBLE!

Pity we got hint on Btc so late in Africa, maybe i would have been merrying with the Bullish price now too

It It's interesting to see how everything is red...

Bitcoin is going really crazy today. Coinbase and Gemini crashed and sold me coins.

Took a bunch out last night at 11k, buying the dip ;) Good times! :P

Finally have friends paying attention to cryptocurrencies! 2018 is the year it may really go mainstream!

Looks like $60 billion came off the table in little more than an hour. So at least we know it was a "concerted attack". Still anybody's guess for what's next.

I’ll be looking forward to seeing how many private jets arrive this year!

At your estate? Well done!

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As Mcafee hinted, the coin is destined for the $100,000 mark. I personally don`t see anything stopping it from reaching such height! With Amazon set to start accepting Bitcoin, other retailers will follow suit....then, it wahlaaa for the price.

Keep an eye on Ethereum too!