Aaaaand It's There: Bitcoin Trading At $13,188

in bitcoin •  7 days ago

Screen Shot 2017-12-06 at 9.18.26 PM.png


Not much to be said about that, other than the fact that we're living historical times.

Wether or not this is a bubble, wether or not this is the preamble of a military conflict between North Korea and the rest of the world, wether or not this is just massive, massive speculation, we are in the middle of something big.

The only time that can have some sort of resemblance to what we're experiencing now is the dot com boom. I remember that one of the fist engineers who worked at Netscape (which was kind of a big deal back then) told in an interview that things were moving so fast that they were "forced" to buy companies instead of developing features. It was cheaper to buy a software studio that had a small library developed, that to build it themselves. Sometimes the decision to buy a company was made during the lunch break, after just a few dozens of minutes of talking. That's how easy was access to money.

We're in something very similar, only this time we have 2 layers on top of it:

  • decentralization - everybody can participate in this game, not only VCs
  • privacy - you can do it without other people knowing that you're doing it

These two new variables are enough to throw this on a parabolic orbit.


I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.


Dragos Roua


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I was a Stock Broker for 26 years and I remember The Dot Com Bubble. In fact I remember many people quitting their jobs to become Day Traders. Don't quit your day job.........

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Don't quit your day job.........

Yes!

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Never quit your job, unless you secure your wallets with best possible mechanism, another bitcoin wallet hacked today for nicehash.

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Oh I was hoping to quit and just mine coins. Oh well better keep on steeming ;)

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Did 0,1% of the world population own an average of 100$ worth of stocks back then? Because thats how few, and how little Bitcoin the average wallet contains :)

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That's an interesting statistic. Do you have a source for it? Just curious...

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Don't quit your day job.........

Best advice I've seen on Steemit yet. What about day trading at your job?

I think it can be considered some form of bubble. It seems to be driven by speculation rather than actual usage of crypto. It just seems such a waste to have all those miners for no real use.

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yup...lots of people have been saying that exact same thing.
ever since BitCoin was at $200.
It's consensus...
can't be wrong.

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Why is it a bubble? 0,1% of the worlds population owns Bitcoin with an average of 0,01 Bitcoin in their account. How is that being a bubble?

Bubble or not people seem to be making money during this influx. great info


to the MOON!

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To outer space

If I were a coffee drinker I would check if someone put something in it because it feels like I'm on something :))

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I know exactly what you mean...

Yep, Bitcoin is leading the crypto pack again to new heights!

good policies

I wonder how sausage man is feeling right now?
better?

Official press release statement by NiceHash

Unfortunately, there has been a security breach involving NiceHash website. We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours.
Importantly, our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen. We are working to verify the precise number of BTC taken.

Estimated: $60MM
Ouch!

How privacy is maintained here, it is the best example of bitcoin bubble not to explode so easily.

steem.supply is having some bugs where it keeps adding rewards even past claim date. Just a heads up

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What if i tell you it is at $14000 within 9 hours of your post hehe :D