Bitcoin Booms & races past $9,000 As Halving Looms – My Comments

(005875.811-:E-000062.43:N-AC:R-SU:C-30:V)   

[The halving is an event every 4 years where they halve the speed at which Bitcoins are mined. So it slows down the number of Bitcoins that can be mined. It therefore constricts the supply. I like that. I think that the limited number of Bitcoins will in the end be the kicker. I suspect the price will not always go up this fast. This is more a technical/tactical, short term thing. Jan]

CRYPTO MARKETS

Bitcoin briefly surged past $9,000 this week to its highest since February, mirroring the stock market rally in the middle of the week as Fed chair Jerome Powell said he’s willing to take more action to prop up the economy. With less than two weeks until bitcoin’s halving, investors were uncertain about which direction the price would go as the event approached. “At this stage, it appears that the bulls have prevailed,” digital asset researcher Denis Vinokourov says.

Other major cryptocurrencies recorded impressive gains Wednesday as well, and stellar was up more than 75% since the beginning of 2020 at its peak. The market receded slightly as investors took profits toward the end of the week.

Current Price of Top 5 Coins (By Market Cap)

Source: Messari. Prices as of 4:00 p.m. on May 1, 2020.



Jan‘s Advertisement
Ten Years After Apartheid (1994-2004): The Raw Facts
This is an article I wrote in 2004, exactly 10 years after hideous Black rule descended upon us. In here are lots of statistics and short bullet points showing the nightmare that South Africa had descended to under Black Communist rule.


Jan‘s Advertisement
Video: BANNED: The World War the Jews LOST! (1919-1939)
This video was not long on youtube when they banned it. I keep hearing from close friends as well as from other people who do analyses that the Jews ALWAYS WIN! The Jews NEVER LOSE! This is utter nonsense.


Jan‘s Advertisement
Video: WW2: The Worst of Germany nearly defeated the BEST of America
In this youll hear Jake, the American saying that the worst of Germany (the old, the young, the prisoners), very nearly defeated the VERY BEST of America!
%d bloggers like this:
Skip to toolbar