Bitcoin Booms & races past $9,000 As Halving Looms – My Comments
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[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.
Source: Messari. Prices as of 4:00 p.m. on May 1, 2020.
Get a Free PDF Book: THE GREAT SOUTH AFRICAN LAND SCANDAL
This book includes photos and shows the horrors and incompetance and assorted foolishness that took place in South Africa when the ANC obtained farms from Whites through the Land Claims process. Nothing like this has been written since. It is a classic text on wastage and inefficiency.
Video: DWUMS: Defenseless White Urban Males & Learned White Helplessness
I discuss Whites who are out of their depth and helpless when they realise with horror the truth about Liberalism and Capitalism. I also talk about how Whites are caught up in fake problems that are the result of having so many moral factors that they need to take into account. Even here in South Africa we have helpless urban Whites who get flustered over nothing.
Get a Free PDF Book: THE GREAT SOUTH AFRICAN LAND SCANDAL
This book includes photos and shows the horrors and incompetance and assorted foolishness that took place in South Africa when the ANC obtained farms from Whites through the Land Claims process. Nothing like this has been written since. It is a classic text on wastage and inefficiency.