Bitcoin futures start with a bang as 26% rally triggers halts (thestar.com).
Bitcoin has landed on Wall Street with a bang. Futures on the world’s most popular cryptocurrency surged as much as 26% from the opening price in their debut session on Chicago Board Option Exchange (CBOE) Global Markets Inc’s exchange, triggering two temporary trading halts designed to calm the market. Initial volume exceeded dealers’ expectations, while…
Etc., etc., as, it has to be said, has pumped up other digital Eldorados before the inevitable bubble bursts.
The launch of futures on a regulated exchange is a watershed for bitcoin, whose surge this year has captivated everyone from mom-and-pop speculators to Wall Street trading firms. The CBOE contracts, soon to be followed by similar offerings from CME Group Inc and Nasdaq Inc, should make it easier for mainstream investors to bet on the cryptocurrency’s rise or fall.
Indeed, such bubbles as some still hold Bitcoin and other cryptocurrencies to be, well known for ruining company and “mom-and-pop speculators” well before the dot-com bubble and digital the Insta-era, and on much grander war-financing stage but with the much you too can get rich quick hype invariably present: The South Sea Bubble [of 1720] (historic-uk.com).
The “tulip mania” regarded as the first speculative bubble often mentioned too, with people selling or trading their other possessions in order to speculate in the tulip market until the tulip-specific mosaic virus ruined them: Market crashes: The tulip and bulb craze [of the] 1630s (investopedia.com).
But while those with an entrepreneurial streak are still how opportunity the crytocurrency market is to replace that of the e-cigarette liquids and ridiculously sized ultra-vapers (thisisnocave.blogspot.co.uk, Mar. 2017) sold out of their bedroom that is not what is used to be:
When Bitcoin will crash—and how to make money from it (mirror.co.uk).
Five years ago they cost $12 each. In January they were almost $1,000 and just yesterday they were changing hands for an astonishing $18,353. Then they crashed. In 20 minutes, Bitcoin’s value plummeted from over $18,300 to under $15,500—dropping almost $3,000. That’s 15% down in about 4 hours. Since then there’s been a small rise, but at the time of writing, it’s still $2,000 less than its peak this morning. But is this the beginning of the end for the cryptocurrency or just a blip on its ascent?
But, to be honest, the ad venue schemes that have very probably not been their own personal digital Eldorado either are still where the fast money is to be made.
![Your rich neighbor might [be] using this Bitcoin hack](blog/images/mb/2017/12/bitcoin-hack-ad.jpg "Your rich neighbor might [be] using this Bitcoin hack")
Needless to say, requiring your name, email, and telephone number to invite you to join “The Bitcoin Code” along with other interesting offers they can send you.
Updated 22nd December 2017
Bitcoin plummets in value raising questions over cryptocurrency bubble (huffingtonpost.co.uk).
Bitcoin went into freefall on Friday, its price collapsing from the dizzying heights of nearly 20,000 US dollars earlier this week to around 13,000 US dollars as steam appeared to be running out of its year-end rally. According to Coindesk, the cryptocurrency was trading at 13,155 US dollars (£9,828), a fall of over 30% in five days.
And coming after “a cryptocurrency exchange went bust in South Korea following a cyber attack, knocking its price” and an “exchange based in the US, also said it was opening an investigation into sharp price increases”.
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