Crypto's going crazy again!

[adamu]

I also wonder if anyone here made money off the ridiculous arbitrage opportunity that existed when crypto times were good and Bitcoin was selling for maybe 8-10% more here in Japan than elsewhere.

I had a friend who was trading full time that looked into that, but ran into problems on the fiat side. The bitcoin was the easy bit, getting the local accounts registered and transfering the hard currency back made it not worthwhile. I think it was only really possible with very large institutions or for people who already had the ability to transfer large cash sums internationally (or more likely used derivatives).

[mighty58]

Crypto is certainly going crazy now. Well, at least BTC is.

[OkiBum]

Crypto is certainly going crazy now. Well, at least BTC is.

BTC is history, XRP is the future!

[Sybil]

Crypto is certainly going crazy now. Well, at least BTC is.

Define 'crazy'. I can't be bothered to check the 'crazy' news sections.

[mighty58]

Define 'crazy'. I can't be bothered to check the 'crazy' news sections.

BTC at about 940,000yen today, compared to about 560,000 one month ago, highest point at least in the last year or more.

[OkiBum]

still in the red after all the "craziness"

[captainspoke]

Bitcoin's Rally Masks Uncomfortable Fact: Almost Nobody Uses It

[Sybil]

I watched an episode of a US legal drama recently. The US Treasury were trying to sue someone they thought had invented Bitcoin as it is 'illegal' to start a new currency.The drama originally aired about 8 years ago when only geeks knew what Bitcoin was. Going by what was said in the drama Bitcoin was traded at $25 at that time....

[Jamo]

Some get it, most don't. They will, in time. By then Bitcoin will be $100,000 or more. I will remind you all of this post when it happens. Do yourselves a favour, put at least 5% of your net worth in Bitcoin.

[0x143]

Oh look that famous ponzi scheme managed to post "record" numbers of 50% of the last peak. Wow, I've never seen such a wonderful Ponzi before /s