Coindesk has a few different prices for the ATH. The one we use is the $19,783.06 print at 12:14 UTC 17Dec2017.
Earlier today Coindesk wrote that Bitcoin got to $20,000, a number that has had been rumored but for which no buyer has emerged to take credit.
In a quick overview this morning, FT Alphaville's Jemima Kelly rather dryly starts off:
In the spirit of the season, I assume, she is being quite charitable."Bitcoin might have been a popular gift in 2017,
but this year, the crypto Christmas isn't looking good.,,,"
Her accompanying chart, not so much.
And from ZeroHedge last month, Tim Knight, who our readers know as chartmeister Slope of Hope, looks at James Altucher.
This guy:
Deconstructing the Crypto Genius
James Altucher, the self-described "crypto genius", is someone about whom I've written in the past, but as I gaze upon the smoldering landscape that used to be the thriving cryptocurrency industry, I feel compelled to write on this topic again, since I think Altucher's marketing efforts a year ago speak so much about the nature of the crypto craze at that time.To be clear, I have no axe to grind. I've never lost money with the guy. Never had any kind of personal or professional relationship. Never met him. But, like virtually all of you reading this post, I've seen his face countless times on ads (especially late in 2017 and early in 2018) touting the surefire investment power of crypto. He became, in the words of the press, the "face of Bitcoin" (I guess all the other faces were taken).Altucher is definitely a man who could be described in totally opposite ways, all while being completely honest. You could, for example, talk about him as a successful entrepreneur, popular author, widely-followed podcast host, and multimillionaire venture capitalist. Every one of those things would be true. You could, with just as much honesty, describe him as a man with multiple failed marriages and relationships, a person who by his own admission blew tens of millions of dollars and was at the brink of suicide, and a man who has created businesses that have drawn the wrath of customers and the Better Business Bureau alike. All true. It depends on how you want to spin things.The "long form" advertisement that he put on the web about a year ago, which you can see for yourself here, definitely leans toward the positive spin. I wanted to break this down, piece by piece, because frankly the entire thing really pisses me off. I will say at the outset that maybe he made every single reader of his a fabulous fortune. You betcha. I have no evidence otherwise. But the content of this ad really rubs me the wrong way, and I wanted to publicly bitch about it in front of the world.Let's begin at the top:
Silicon. Valley. Insider. Listen, Jimbo, I've lived in Palo Alto since 1984, and I've been obsessed with the place for years before that. It's been the center of my life. You aren't a Silicon Valley "insider". I mean, I know this place stone cold, and I'd never be arrogant enough to claim such a title. Have you ever visited here more than a day or two? Having some acquaintances who live in Mountain View isn't that big a deal.
Next.........
Did he now? That's pretty amazing. Did he actually do this himself? Is there proof? Or is this just simple arithmetic done after the fact showing would COULD have taken place, with perfect hindsight? Just curious....
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