Good morning traders and TGIF! I think i'm saying this quite often recently, but another helluva crazy week is almost behind us. This will be a Bitcoin post. Hang on to yer hats!

Bitcoin

There's no stopping this powerful Hulk. More and more momentum enters the market every hour. Yesterday i wrote about major news agencies fueling the fire and every living human will soon want in on Bitcoin, whatever the price. Well, here we are, after seeing 12K, 13K, 14K and 15K all in a fairly short time, we have now arrived at - the 16K.

A word of warning though. While the other exchanges hadn't topped 16K yet, Coinbase was already trading almost at 20000 BTCUSD and went offline for minutes, essentially bringing max pain for those who bought the top.

5K swings on Coinbase during that offline period - consider carefully, where you will conduct your business.

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Well, can't say that John McAfee didn't warn us. A screenshot from his Twitter account from December 6th ridicules a trader, Peter L. Brandt for having a modest target of 14000 for year-end 2018. John McAfee claims we'll make it past that by the end of January, but little did he know, that we'd be passing that within hours :)

_{John McAfee}

By the way, in a later tweet, Mcafee acknowledged, that they were both wrong.

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Charlie Bilello has been tracking which companies market caps are busted daily by Bitcoin. Among the recent ones left to shame are Home Depot, AT&T, Proctor & Gamble, VISA (!) and Citigroup.

_{Via Charlie Bilello}

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The People’s Bank of China warns that Bitcoin will probably die in a horrible manner and even sheds minor details about it's vision for the reckoning.

Pan Gongsheng, a deputy governor of the bank, warns that Bitcoin's most probable end will be via a grand theft or a blockchain hack of some sorts, or a collective ban of all global governments. Read up on the full story on Zerohedge.

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But Zerohedge also brings us this insane "you ain't seen nothing yet" type of chart, comparing the current blof phase with the 2013-2014 parabolic phase. If this is true, expect the world to implode/explode or whatever, tyhis is gonna be a fast and wild ride, making fortunes for some, taking from some. Just don't stand in it's way.

_{Via Zerohedge}

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Lanre Sarumi, the CEO of Level Trading Field ( a platform for professional investors) has a warning for us regarding the futures imminent entrance to the playground.

_{Via Coindesk}

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And finally on a lighter note a comic - The Virgin Altcoiner vs the Chad Bitcoiner. Who would you rather be?

_{Found via Pepillionaire}

Love those shoes on Chad :)