Whatever is happening in Bitcoin, it’s happening for now. The Bloomberg article is really great, because it’s suggesting that there won’t ever be another ridiculous bumrush to get money out of cryptocurrency the moment that it spikes again. It entirely doesn’t make sense how/why it spiked back in December, and it seems to be mostly unrelated to actual, real things how high or low it goes. To quote this genius article:
“The story with Bitcoin is pretty straightforward,” said Roger Kay, president of research firm Endpoint Technologies Associates Inc. “It went up fast, and then came down even faster. Consumers who flocked to it late got burned. They are in the shadows now, licking their wounds. And others contemplating how to get rich quick are acutely aware that what goes up can come down, and maybe Bitcoin isn’t the way to go about it.”
It didn’t really go up…that fast? It sort of trundled its way up then crashed really badly. I guess market manipulators could’ve done it. But can they not manipulate a little better? I’d like more money not less money.
War never changes
I like this guy. He definitely has a normal approach to things and has normal plans for the future, like funding politicians with Bitcoin (?) and run media ads…about…uh, Bitcoin? Also, expose corruption. I think he’s assuming that these people can get together and actually plan something more significant than a post.
Tweets of the week
Every Thursday from now on as I have arbitrarily decided I will be finding the best tweets about Bitcoin or cryptocurrency. Let’s take a look, shall we?
I'm opening for Ghostface Killah at a cryptocurrency conference today at SXSW, so come through if you want to learn about ICOs changing influencer marketing or see a Wu-Tang legend rap https://t.co/7clH0w8gge
— Josh Constine (@JoshConstine) March 14, 2018
This one is a classic – it’s got Josh Constine, it’s got Ghostface Killah, and it for some reason also has cryptocurrency. It’s a conference called capitalism2050. It’s just so good in every way. Why is Josh opening for him? Is Josh opening for him, in the sense Josh Constine is going to rap? I hope so!
Guy is wearing a sweatshirt saying “ASK ME ABOUT BITCOIN.”
I ask him about bitcoin.
He responds, “I smoke too much weed to give financial advice.”
I got owned.
— Ryan Mac (@RMac18) March 13, 2018
I trust Ryan and believe this happened, unlike some tweet scenarios where I do not believe they did. Anyway, I’m still laughing about this guy who is too high to give financial advice.
Bitcoin will go to $1,000,000 eventually because you have to BUY it to get to our realm of cryptocurrency . And this realm is extremely fun and addictive.
— Trevon James (@BitcoinTre) March 15, 2018
I love this guy! Optimism baby.
Satoshi has failed us 😩😭😩😱 we should use LN to zap⚡⚡⚡ them back to decentralization ⚡
— UnNOwn ( ͡~ ͜ʖ ͡°) (@R3DJOK3R1) March 13, 2018
This is what we need to do everyone. Let’s…zap…them back to…something. I don’t know.
John McAfee update: the investment genius
If you are a long term investor you will have no concerns. If you are short term, I can give you no advice, other than short term investers can hope for mediocrity at best, and oblivion at most likely. Great wealth can only be obtained by investing in the future – 2 to 5 years.
— John McAfee (@officialmcafee) March 15, 2018
This post is part of our contributor series. The views expressed are the author's own and not necessarily shared by TNW.