Update
reposted from Zerohedge:
..."For those keeping track, this is how long it has taken the
cryptocurrency to cross the key psychological levels:
$0000 - $1000: 1789 days
$1000- $2000: 1271 days
$2000- $3000: 23 days
$3000- $4000: 62 days
$4000- $5000: 61 days
$5000- $6000: 8 days
$6000- $7000: 13 days
$7000- $8000: 14 days
$8000- $9000: 9 days
$9000-$10000: 2 days
$10000-$11000: 1 day
$11000-$12000: 6 days
$12000-$13000: 17 hours
$13000-$14000: 4 hours
$14000-$15000: 10 hours
$15000-$16000: 5 hours
$16000-$17000: 2 hours
$17000-$18000: 10 minutes
$18000-$19000: 3 minutes
Coinbase is struggling to keep up...
We are currently experiencing record high traffic. This is
resulting in some customers having slow performance or issues logging into
their https://t.co/bCG11KveHS accounts.
We are actively working to resolve this as quickly as possible.
— Coinbase (@coinbase) December
7, 2017
With a
market cap of around $250 billion, Bitcoin is bigger than Proctor & Gamble
and approaching the size of Wal-Mart as the 12 biggest 'company' in the
S&P 500.
As
CoinTelegraqph reports, the price is likely being driven by news of the
imminent launch of Bitcoin futures trading. CBOE will be launching their
futures market this coming Sunday, December 10, with CME Group following on
December 18. Nasdaq plans to launch futures trading in the summer of 2018
and Japan’s Tokyo Financial Exchange is preparing to launch
futures trading as well.
(…)
And finally, for those calling this a "bubble" -
we would humbly suggest you ain't seen nothing yet...
(Quotation end )
It would be
wrong to call it "lemming migration". It is a clear example of skillfully
manipulated operant mass behavior.
.
.
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