Bitcoin Thanksgiving is cancelled

There will be no rest this weekend for Bitcoiners. Bitcoin Core (AKA BTC) will have a scheduled “difficulty adjustment” sometime on Saturday. A “DA” occurs every 2016 blocks. During this time the algorithm for mining difficulty adjusts according to current conditions to maintain a consistent rate of new blocks/bitcoins into the system. There are rumors that the mining power for Bitcoin …

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Battle of the Bitcoins: Core vs Cash

You will see a lot of articles on Bitcoin this week. This is what you really need to know. Bitcoin Core forked from Bitcoin Cash. That’s right. You will hear that said the other way around in 99% of articles, tweets etc but Bitcoin Core altered the way digital signatures are handled to: Keep an artificial block size limit in place …

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Bitcoin Cash: Called the Shot

Bitcoin Cash up 30+% since my last blog post two days ago and over 115% up in past week. The next two weeks of price action will be epic. Bitcoin may go to $10k and $5k by end of November. Bitcoin Cash could break $1,000 or maybe even $2,000? I remain irresponsibly allocated to my Bitcoin Cash long with zero …

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UNITED STATES OF BITCOIN

It’s over. Bend the knee to Bitcoin. Bezos and Musk will be court jesters in the age of Bitcoin. Neckbeards in Lambos are our future. Men who can’t wash their nether regions unassisted are the new financial lords of the universe. They mined Bitcoin on their mom’s AMD laptop in 2012 and now they can buy 50% of the companies on …

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What does it take to understand Bitcoin?

  Let’s be clear about something… There will be winners and losers in Crypto. When the Internet was new people couldn’t envision how the web would impact their lives. Now, most people can’t take a crap without taking their smartphone with them. I made great money trading dot com stocks. Most of those companies do not exist anymore but the …

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CHINA HATES BITCOIN

China may be on the verge of banning Bitcoin mining. From this article: China Bans Bitcoin Executives From Leaving the Country, Miners “Preparing for the Worst” Chinese media is reporting executives of crypto exchanges have been ordered to not leave the country with a very rough translation stating: “A number of informed sources say the executives of special currency trading platforms are …

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Buy the Blood in Crypto

China has Kim Jon Un’ed the Crypto world and fired a first strike. The rumor is the PBOC will issue its own digital token, possibly for trading with other BRICS, as a way to sidestop the USD. Maybe they will back this asset with gold? A Chinese digital currency sounds worse for the dollar than for Bitcoin. Get out your …

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Jamie, u mad bro? Oh, u mad.

Jamie Dimon, Grand Wizard of JP Morgan, Forger of Chains, Master of Trading Desks, Ruler of the Golden Men, Father of Bailouts and the first of his name has come out swinging on Bitcoin. Again. This is the same position Dimon has had on Bitcoin for years. In 2015 he said “you’re wasting your time with Bitcoin”. Bitcoin was trading at …

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CALM YOUR TITS, BITCOIN IS FINE

Hurricane Irma has nothing on the Fudnado surrounding Bitcoin. Let’s recap what happened this week. But first, some context: i promise it gets easier pic.twitter.com/wclu2TfWof — Jim (@JimBTC) September 5, 2017 Let’s start with: China bans ICOs. Good! ICOs are complete crap. ICOs are designed to separate fools and their money. ICOs were raising millions of dollars in hours based …

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MGTI TO THE MOON

On June 29th I wrote about The Crypto Stock that’s better than GBTC. MGTI is up 189% since that post. Why? Well, it may be related to these tweets. On July 18th John tweeted that Bitcoin would be $500,000 in three years. Bitcoub's low of $1,800+ yesterday simply could not be maintained. In the long term Bitcoin moves above $500,000 within …

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