The big news of the day continues to be crypto (can you hear the screams of SBF from the MDC?) which, only since October, is up about 150%.
The Ashes of Time, Burned Away
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Over the Rainbow
In just two days, Bitcoin has blasted higher by about $10,000. Over the past fifteen months, BTC has gone from about $15,000 to four times that amount, and it’s actually getting within spitting distance of its lifetime high price of just under $70,000. The momentum is so tremendous, it has even reached Rainbow Escape Velocity, to coin a term.
Grease the Skids
Now that we’ve got another ridiculous, pointless holiday out of the way (I consider only 5 out of the 10 NYSE holidays to be worth keeping), we can focus back on trading with our 20%-already-hacked-off week. The screen is solid red, although we have another chance to see if Monday’s Don’t Matter or not.
Couple Crypto Quips
Good heavens, can you imagine what’s going through SBF’s mind these days? His firm was absolutely destroyed, as was his life, and the lives of his parents, all because of a temporary downturn in crypto. And yet, here we are, with Bitcoin absolutely rocking the free world. Knowing that fact is probably worse than prison itself.
