Cryptocurrencies
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Hey man, like what?
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@voodoo have seen a couple around in select locations.
I note Bitcoin is now up nearly AUD$14k in the last 7 days, having shot up ~$6k around the time Elon Musk said he was putting some money into it or something, three days ago.
More amusingly, a crypto called Dogecoin was worth AUD$0.0062 as of 1st January. Now worth about 15 times that after Musk said he bought some.
Timing is everything.
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@NTA It's moved $4k in the last 24 hours. Irrational exuberance strikes again.
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@NTA said in Cryptocurrencies:
@voodoo have seen a couple around in select locations.
I note Bitcoin is now up nearly AUD$14k in the last 7 days, having shot up ~$6k around the time Elon Musk said he was putting some money into it or something, three days ago.
More amusingly, a crypto called Dogecoin was worth AUD$0.0062 as of 1st January. Now worth about 15 times that after Musk said he bought some.
Timing is everything.
Dogecoin was even created as a joke, like you say as soon as Elon tweeted about it, it went nuts! crazy
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Time for this graph again:
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@antipodean said in Cryptocurrencies:
@NTA It's moved $4k in the last 24 hours. Irrational exuberance strikes again.
Catching the falling knife, as they say. It is profitable to those that bought in at $5k for sure.
I was surprised to see a sell order I had go off at AUD$20K, then remembered I had the last dregs of my foray still on a crypto site.
Had I put the sell order at something stupid like $60K, well ...
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graph reminds me of one we use in my industry for hype cycle technology trends.. interestingly we also go through the trough of disillusionment (despair), i like it
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@bayimports said in Cryptocurrencies:
graph reminds me of one we use in my industry for hype cycle technology trends.. interestingly we also go through the trough of disillusionment (despair), i like it
Could easily be the introduction of a new contractor partner as well. All hype, then hope, then nope.
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@NTA Musk was just trolling twitter posting Doge memes, he never said he bought , but proabably did knowing his own effect on retail buyers. Doge is literally a joke coin .
Tesla has purchased 1.5 billion dollars worth as is looking at crypto payment options. this after various hedge funds have purchased billions more. This gives Bitcoin a lot more legitimacy with big money as their USD cash reserves bleed buying power.
MasterCard is also looking at using crypto payment options, with PayPal being a huge player in the 2nd half of last year.
This space very is different from 2018 with some of the Network cryptos coming close to working products. possibly extremely overvalued again yes but so is every single asset class right now
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@Kruse said in Cryptocurrencies:
@Bones said in Cryptocurrencies:
come on Ross, don't be like that
Ha, did you fall into the same trap I have in the past - and assumed a strangely-worded and fairly non-specific post was by a 'bot?
Am I wrong?
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@Bones said in Cryptocurrencies:
@Kruse said in Cryptocurrencies:
@Bones said in Cryptocurrencies:
come on Ross, don't be like that
Ha, did you fall into the same trap I have in the past - and assumed a strangely-worded and fairly non-specific post was by a 'bot?
Am I wrong?
I feel ya. All the signs were there - brand new account, barely comprehensible but on-topic first post, with zero new information/insight - in a thread with worldwide generic interest.
But then he comes back and replies to you... weirded me out too - for a moment I thought the bots were learning. -
SWIFT sets up JV with China's central bank
SHANGHAI, Feb 4 (Reuters) - SWIFT, the global system for financial messaging and cross-border payments, has set up a joint venture with the Chinese central bank’s digital currency research institute and clearing centre, in a sign that China is exploring global use of its planned digital yuan.
