Dow Down, Bitcoin Up, but totally correlated, No-coiners lack imagination, $320,000 Bitcoin?

Goood Morning Bitcoins!

Today is Thursday February 8, 2018

Mad Bitcoins - Good to the last drop.

The price of bitcoin is up 7% in the last 24 hours. With a last of 8,118,
a high of 8,637 and a low of 7,574.

Here are Today’s Mad Bits:

The Dow Jones Industrial Average is falling again -- down 2% in early morning action. Meanwhile, Bitcoin is up 7% but the Wall Street traders who years ago didn’t want a thing to do with the fledgling cryptocurrency, now can’t get enough of it, even going so far as to say that Bitcoin is correlated to their stock market and is -- just another asset.

Yessssss. Take the horse inside the walls and just wait! WAAAAIT!

With Wall Street firmly on our side, it’s now time for all the anarchists to quit. DING! And as if on cue, Amir Taaki, co-founder of Dark Wallet, Dark Market, and early bitcoin thought leader has suddenly joined the chorus of doubters. Along with Roger Ver, Mike Hearn and the guy who put a dog on a coin -- Amir believes bitcoin is not growing fast enough and will be overtaken by it’s rivals. Even the miracle of the dog and diamond shaped cryptocurrencies being worth millions of dollars is not enough for the battle-hardened anarchist who still manages to ask for handouts in bitcoin while looking for a place to bury the knife -- and with a straight face. Cognative dissodence much?

And to think, just yesterday -- the Winklevii -- mainstream, classic american rowers, who bought bitcoin early and HODL-ed said that Bitcoin will reach $320,000 a coin and that non-believers or no-coiners as they’re now being called -- suffer a failure of imagination - as in -- they ain’t got any. These no-coiners just want to dump on your parade. A buncha non-believers who haven’t seen the miracle, haven’t tried it for themselves and only want to bring bitcoin down. You know the type -- loud as a motorbike, but wouldn’t crush a grape in a fruit fight. Expect to see many more of these as you make your way to the top.

In other news, a member of the European Common Bank spoke out against bitcoin calling it “a combination of a bubble, a Ponzi scheme and an environmental disaster”. The big three! Blammo! “the ECB are fully in line with his views and has have similar worries.” He then went on to bag on bitcoin because of it’s slow speed, comparing it to tulips and proudly condemning it, probably in a strongly condescending British accent saying that “Virtual currencies are not money, nor will they be for the foreseeable future,” -- Ouch. Really threw the book at bitcoin. I wonder if his business as a banker is in direct competition with bitcoin. I’m surprised he didn’t throw in any “yo momma” jokes or do the dozens.

Your bitcoin is so fat it’s blockchain is stored on FAT-32
Your bitcoin is so slow it uses a dial up modem

Oooooh! Sick Burn!

But what about the price. Coindesk says the good news from the congressional hearing may have broken the bear trend and if we stay above $8572 we could see $9,000 -- if not a possible correction to the $7 and $5 thousand dollar levels

Did you know -- the last time I did this show, the price of Bitcoin was around $2,500 and the first time I did it, the price was in the hundreds. That’s…. (counts on fingers) that’s a big difference!

Oooop, we’re out of time

And until next time…
This has been.
Mad Bitcoins.
Mad Bitcoins?
Maaad Bitcoins

She said her name was Billy Jean and she was fresh in town
I didn't know a stage line ran from hell
She had raven hair, a ruffled dress, a necklace made of gold
All the french perfume you'd care to smell

She took me up into her room and whispered in my ear
Go on, my friend, do anything you choose
Now I'm payin' for those happy hours I spent there in her arms
With a lifetime's worth of the Mexicali Blues, yeh

“Governments of the Industrial World, you weary giants of flesh and steel, I come from Cyberspace, the new home of Mind. On behalf of the future, I ask you of the past to leave us alone. You are not welcome among us. You have no sovereignty where we gather.”

• John Perry Barlow

Lyricist for the Grateful Dead
One of the Founders of the Electronic Freedom Foundation
Early member of the WELL online community
and brave warrior for the idea of Internet Freedom.

Rest in Peace

---

Dow Down, Bitcoin Up, but totally correlated, Bull Case Grows, Amir lacks imagination, $320K Bitcoin?

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‎8151.10 USD / BTC - Average United States Dollar Bitcoin Price
https://bitcoinaverage.com/en/bitcoin-price/btc-to-usd

dow - Google Search
https://www.google.com/search?q=dow&oq=dow&aqs=chrome.0.69i59j69i60j69i57j69i60j69i65l2.522j0j1&sourceid=chrome&ie=UTF-8

Wells Fargo strategist: Bitcoin and the market are correlated
https://www.cnbc.com/2018/02/07/wells-fargo-strategist-bitcoin-and-the-market-are-correlated.html

Anarchist cryptocurrency hacker Amir Taaki says bitcoin is in a speculative bubble — Quartz
https://qz.com/1192640/anarchist-cryptocurrency-hacker-amir-taaki-says-bitcoin-is-in-a-speculative-bubble/

Winklevoss Twins See Bitcoin Reaching 40 Times Its Value | Fortune
http://fortune.com/2018/02/08/winklevoss-bitcoin-value/

ECB official backs bitcoin clampdown | Technology | The Guardian
https://www.theguardian.com/technology/2018/feb/08/ecb-official-backs-bitcoin-clampdown

Bull Case Strengthens? Bitcoin Stays Bid Above $8K - CoinDesk
https://www.coindesk.com/bull-case-strengthens-bitcoin-price-remains-bid-above-8k/

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