This week, the price of bitcoin reached a low-point of -53% from its December high. A few weeks ago, I wrote about the Death of the “Get in before Wall Street!”-meme and why it made sense to Short the Great Bitcoin Bull…
The cryptocurrency markets have turned into a casino and everyone is a winner, including perhaps the charismatic John McAfee. Following the dramatic bitcoin price rally to $ 19,891, and subsequent dump to $ 10,400 (GDAX), bitcoin is now in what is known as a consolidation phase where it will remain until it breaks out from that range. What characterizes consolidation is that the price movement is uncertain and pretty…
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In a statement addressing the upcoming the bitcoin (BTC) fork that is scheduled for mid-November, Calvin Ayre has stated it’s belief that Bitcoin Cash [Bitcoin (BCC)] is “the only bitcoin.”
Also Read: Fork Debate Drops to New Low, Outspoken Developer Lopp’s Home Surrounded by Police
Quartz spoke with him about some of the frothiest assets today, from bitcoin to tech stocks. The conversations was edited and condensed for clarity.
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In a year or two we'll be laughing about all of this.