{"id":28684,"date":"2017-12-09T09:44:07","date_gmt":"2017-12-09T14:44:07","guid":{"rendered":"http:\/\/olduvai.ca\/?p=28684"},"modified":"2017-12-09T09:44:07","modified_gmt":"2017-12-09T14:44:07","slug":"if-you-dont-own-any-bitcoin-read-this","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=28684","title":{"rendered":"If You Don’t Own Any Bitcoin, Read This"},"content":{"rendered":"
\n
\"\"<\/div>\n
\n

If You Don’t Own Any Bitcoin, Read This<\/a><\/h3>\n
\n
\n
\n
This week it hit $19,000. What’s next?<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n

Wow. Just….wow.<\/p>\n

Bitcoin’s price has gone ‘beyond exponential’ this week. Just yesterday, as I started working on this article, it shot up 22% — from $14,000 to $17,000 (hitting an intraday high of over $19,000).<\/p>\n

And that’s after a mind-blowing upwards rocket ride over the past several months.<\/p>\n

I think it’s safe to say that the vicious melt-up in price over such a short timeframe has surpassed the expectations of even the starriest-eyed Bitcoin fanboys.<\/p>\n

The whole world, especially the 99.99% of us that own zero\u00a0cryptocurrency, is asking: What happens next? <\/em>And, What should I do?<\/em><\/p>\n

Is this insane trajectory going to continue for a lot longer? Do I need to get in now to avoid missing this once-in-lifetime fortune-making opportunity?<\/p>\n

Or is this a classic bubble blow-off top? Is this the deadliest time to enter, right before the price implodes?<\/p>\n

An Expert’s Take<\/strong><\/p>\n

I had the chance to ask these questions Wednesday to a long-time veteran in the digital currency space. We met at a gathering of online media ‘mavens’; this guy has published news and analysis on cryptocurrencies since 2011, for both investors and developers. He knows the space exceedingly well.<\/p>\n

Unsurprisingly, he holds a lot of Bitcoin. I didn’t ask directly how much; but knowing that he was covering the space back when Bitcoin traded in the single-dollars range, my conservative mental math quickly concluded he’s probably worth more than most people I’ve met in my life.<\/p>\n

So here what I learned during my chat with him:<\/p>\n

    \n
  • He thinks the current price action is “nuts”<\/strong>: To his veteran eye, the current frenzy is a speculative mania and will end in a massive sell-off, resulting in huge losses for those buying in at these prices. He’s watched Bitcoin long enough to have seen it experience several 70%+ corrections. In his mind, this will simply be the latest one. And there will be more in the future, he predicts.<\/li>\n<\/ul>\n

    …click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    If You Don’t Own Any Bitcoin, Read This This week it hit $19,000. What’s next? Wow. Just….wow. Bitcoin’s price has gone ‘beyond exponential’ this week. Just yesterday, as I started working on this article, it shot up 22% — from $14,000 to $17,000 (hitting an intraday high of over $19,000). And that’s after a mind-blowing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[9860,4174,17415,17416,1806,124,17417,15315,15611,951,17418,4955,17419,374,17420,536,2218,730],"class_list":["post-28684","post","type-post","status-publish","format-standard","hentry","category-economics","tag-adam-taggart","tag-bitcoin","tag-bitfinex","tag-bitstamp","tag-bubble","tag-central-banks","tag-coinbase","tag-cryptocurrencies","tag-cryptocurrency","tag-currency","tag-digital-currencies","tag-digital-currency","tag-fomo","tag-gold","tag-kraken","tag-money","tag-peak-prosperity","tag-silver"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28684"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28684\/revisions"}],"predecessor-version":[{"id":28685,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28684\/revisions\/28685"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}