I'm wondering we going to see a BTC correction in a couple days (though its down a little from the $11k high yesterday)
If folks aren't aware, this BTC run is freakishly parallel to the Oct - Dec 2013, just literally x10 price. Went $300 to $1100 and crash early Dec, now from Sep to Dec gone $3k to $11k.
I bought back in 2013 and 2014 between $200s to $800s, sold some along the way after it hit $2k and a little after $10k, I don't have a ton left, just selling like $1k a day worth. Certainly a nice payback.
Crypto currencies are just crazy. They are supposed to be currencies, but they are all traded and held as stocks / commodities. The fundamentals of a currency is the value of goods or services for the currency, not the supply and demand of the currency itself.
I see it simply as a political hedge against corruption for small countries, its more of an ideal than a currency. Though yes, there are a small number of businesses that except it. Here in silicon valley, you see a business here and there that will accept it. I've see an Infinity car dealership and Korean restaurants, so you can buy your Infiniti Q50 with 5 BTC and your Bul-go-gi with .001. lol
Certainly three hot sectors for both stock potential and potential stock abuse: MJ / Cryptocurrency / CyberSecurity
Cheers!
