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In my view this is to bamboozle / put off potential fresh investment into the space. As noted most BTC already exists and many other Crypto's are using a proof of stake consensus which uses far less energy with tiny transaction fees. I'm seeing incredible developments on a weekly basis. This is how a free market harnessing entrepreneurial flair and innovation should work. The corrupt powers that be know that this is unstoppable (unless they unleash some kind of deflationary hell on us like the 1930's, even then Crypto's will probably bounce back fastest, hardest and strongest - see Covid dip last year) so they are trying to control the narrative and buy some time in order to roll out their Central Bank Digital Currencies (CBDC's). Like FIAT these will be centrally controlled but with even less individual sovereignty and privacy as at least we have cash (for now). The more people become accustomed to using BTC and other Crypto's the quicker everyone realises we don't need Central authorities having the power to issue at will the very thing used to value our labour / time and savings. Peer to peer transactions, including seamless cross border payments and DeFi are the way forward. BTC is pretty much the de facto currency in Nigeria these days because their local FIAT is basically worthless! The Nigerian government tried to ban it which only put a premium on the price there. I think they are the most populous country in Africa with a very young demographic.

Musk is a player and does what he's told. This is just the latest attack vector. Suck the masses in following a pseudo hero and then **** on them just as they've become emotionally exposed. Either that or they downloaded the wrong update to this clone. Anyone that pumps Dogecoin deserves ZERO respect. Like I've said many times before, the majority of Crypto investors are smart and informed. This latest batch of FUD does not dissuade us from the fact that an entirely new ecosystem is being built before our eyes and BTC is the daddy, with several Altcoin projects looking fantastic. This latest bipolar brain fart from Musky Boy only serves to undermine what was left of his credibility in the space.

Like I say, I smell a rat with DOGE. If they crash it (which they could) it could wipe out huge numbers of newbies and turn them off Crypto for years. Then roll out the Mainstream Media right on cue saying "told you so", and come back to the cold, deathly embrace of our FIAT system that serves us so well. Deliberately conflating the absolute and utter **** that is DOGE with all Crypto. They've tried to destroy Crypto from the outside using unsophisticated methods for years but because the Crypto community is largely smart and informed (minus all DOGE buyers) they might be resorting to an inside attack. All I'd say is spread the word far that DOGE could be a Trojan and stay well away.

I smell a rat with Doge. It's clear Musky Boy (or Tesla) finally bought in reluctantly because they saw the way with wind was blowing and got onboard otherwise he would have started to look like an idiot and public image is his #1 priority. Him and a few other of the super rich (e.g. Mark Cuban) are ramping the **** out of it in my view to try and undermine the entire Crypto market. Stick a dog in, add Musk to the meme and suddenly the brainless hoards start buying in thinking all Crypto is the same, this one is just SO cool, look, it's got a cute dog! So paradoxically we have the greatest innovation since the Internet, i.e. BTC and quite a few others versus this inflationary ****coin that is worse than a FIAT currency. Because it's so **** and hence probably weak some of the evangelical nerds in the community might hack it and send it crashing back to a MCAP of about $1000. Rest assured, if there some FUD about Doge the paper-handed morons that are buying will sell just as quick.

So what if it drops below £2 in the short term? Good top up opportunity. BTC fluctuates. Always has but the longterm trend is clear. Does anyone realistically think Institutions are buying BTC to sell again after a 10%, 20%, 50% gain? No, BTC is being bought and moved off exchanges, probably for years. If ARB are unable to make huge gains creating the very asset that will displace the entire financial system then they'd better move over, and sell their mining setup to someone that can. I foresee a massive BTC shortage in the not too distant future and the frenzy that will ensure will shock even the most ardent Crypto enthusiast. An entirely new ecosystem is being built online right now and most folk are too blind to see it.

There are increasingly more ways to invest in this space, e.g. Coinbase listing directly yesterday, and people are likely getting more comfortable buying the underlying assets; BTC, ETH etc via the multitudes of exchanges now available that are becoming more and more user friendly. In terms of the wider economy we're still early and no matter where you plonk your dosh profits will be made. ARB is a solid play if buying from the confines of a SIPP or ISA and I'm very comfortable holding.

No one has missed the boat on crypto right now. We're well into the bull run but much more to come IMO. Lots of FIAT waiting to be unleashed demanding access to this market but need the traditional vehicles to do so, cue BTC, ETH etc ETF's.
Like our namesake here check out Microstrategy in the US and what their CEO says about BTC. Coming back to MCRO I see this as a great tech play in the UK market, and if they haven't already, should get exposure to Crypto and fast. This space is like the Internet in 1995. These are not just digital currencies, they will form the basis of entire online ecosystems. I think VISA just carried out their first transaction using Ethereum as the settlement layer. Late? No chance!

My personal view is that it's being kept under $50k while the Whales accumulate. There are only so many exchanges capable of handling Microstrategy, Tesla etc type buys (presumably in tranches over a defined period) and therefore some sense within those circles not to let it fly.........yet. If this is going to be THE store of value in the 21st century a lot of it needs moved into strong hands. In my opinion 1 BTC will eventually become so high in value that Satoshi's (SATS) will start to become known as 'Bitcoins' in the day to day vernacular. The potential here is almost beyond comprehension. All you need to do is HODL.

Excellent stuff GoldGnome at having the audacity to look at the numbers in a historical context and employ a weird phenomenon known as CRITICAL THINKING. Rather than just digest the mainstream fear p*rn spewing from the majority of bedwetting Politicians whose only real concern is how they can out virtue signal each other. Clearly the financial system is totally screwed and has been for some time. You mentioned 2008 in your post as that was last big one, but the Repo market spill in Sept 2019 was the cue for the next one. COVID provided the perfect cover (I'm not getting into the origins or true nature of this thing) for a final binge for those near the money spigot to hoover up as many real assets as possible before this whole thing goes up in flames. Gold, Silver, Bitcoin (most of the supply has been mined already - 18.6M out of 21M - and that which is left mainly use renewable sources or off peak supply that would essentially go to waste) will be the go to Assets in 2021. Bitcoin ROI since 2009 inception.......over 36,000%, but Gold is proven and Silver could go parabolic. There is a place for them all in a robust portfolio.

Unless you bought early (I took my eyes off the prize at 6p and ended up getting in at about 60p) and are taking some decent profits who the heck is selling right now?! We're on the cusp of the biggest parabolic move in Crypto history and folk are ducking out with what? 10, 20, 30%? This is THE market right now, and ARB is a solid play. Buckle in because the Planets have aligned and in my view this goes higher, much higher. Microstrategy was the start, but Tesla was the big green flashing light. Institutions will be FOMO'ing in mainly to not look stupid. If the Apple rumour is true........

You can tell your dad it's not baseless, but based on mathematics and using real Capital to bring it into existence, i.e. computing hardware and energy expenditure, not to mention the time spent setting up, expanding and maintaining mining operations. FIAT currencies on the other hand are based purely on confidence in your government and banking cartels not to 'print' them to infinity where by the time it reaches the peasant class the purchasing power has diminished significantly. A tipping point might be reached when we see runaway inflation and real Assets like Gold, Silver and Bitcoin might be your only saviour. Stocks involved in these Assets should do extremely well, with BTC potentially going parabolic. The Bull run is well underway but probably has much further to go this cycle. I agree that big Institutions now buying in only serve to make it less volatile going forward. They buy to hold, not sell for a quick buck.

It's almost becoming a fiduciary responsibility for any serious Tech firm (or any corporation for that matter) to hold BTC as part of their Treasury Assets in the face of unlimited and ever increasing amounts of FIAT currency creation. If huge firms buy and hold large amounts of BTC then it will make it less volatile as they are not weak hands. Right now, we are in the biggest paradigm shift since the Internet's inception and in my view the current price of BTC remains GROSSLY undervalued.

What fundamentals? The fact that the global FIAT system is fundamentally insolvent? It's supply and demand. Are major Institutions and Corporations starting to recognise that they need some BTC (or ETH) on their balance sheet? This is a rhetorical question because it's already begun. The key words in my paragraph thus far are 'starting' and 'begun'. Retail will have a role (mainly in the Alts in my view) but this Bull is being driven by Institutional money which may become institutional FOMO. When that commences $50k will be a distant memory.

A dimension not being widely considered is what if the vaccine has serious side effects that only manifest after a few months or a couple years? This thing was rushed to market bypassing (or greatly reducing) the usual safety screening processes. You can't do a long term study in 6 months. You could then end up with thousands+ of previously healthy workers now incapacitated and living off a damage payout paid for by the State (all vaccine manufacturers are fully indemnified by the Government should this occur, i.e. they will not be held liable). Then we end up in a WORSE position than we are now. Coronaviruses are not new and like Tom says will resurface every year (like flu) presenting as new strains. 30% of common colds are Coronavirus. You can vaccinate until the cows come home (like flu) but this is something we'll just have to live with, and if you're healthy should not be cowering in fear. You're best bet is a strong immune system and all the measures you can take to supplement that. Fear and anxiety is a one-way ticket to ill-health.

Apparently Greyscale bought more BTC in December than was actually mined. This has the possibility of going parabolic, however never invest more than you can afford to lose. This is a completely new Asset class and should be treated accordingly.

LMFAO! I was considering buying this thing at around 6p last year. Got distracted and became reacquainted this week and finally bought in. I'd be sitting on over 10 bagger so I'm considering wearing my boxers on my head. Fortunately I've been in crypto since 2016, so doing pretty well right now. I have a feeling the major Bull has only just begun. Institutional FOMO here we come.

Yeah, so JP Morgan get fined close to $1billion earlier this year for market manipulation over a number of years, come out with a statement that those involved no longer work for the firm anymore and square it away as a cost of doing business. The disregard they have for the Regulators and the public at large is only matched by their supreme arrogance. Clearly there are many other bad actors in the space and until this whole FIAT system goes pop (and there is no funny money left to protect) the manipulation will continue. Let's just hope they slip up and PM's go ballistic.

The FIAT system us utterly unsustainable. It is by design. A 'money' based on credit where it's issued at interest meaning there is never enough currency in existence to pay off the debt. Compound that over time and it grows into an unwieldy monster. It holds the population in bondage to the small ruling class that issue the currency and hence make all the rules. Those near the source benefit by accumulating real assets before they increase in price. The Repo market had a major spasm Sept 2019 indicating implosion was imminent. Cue COVID, currency creation gone bonkers (in the name of COVID and 'saving' the economy). One last hail Mary before the Great Reset brings about a new financial system. Only the adoption of sound money (like Bitcoin) can prevent an equally repressive financial system being implemented. In fact it could be worse due to cash being on the chopping block. Until people understand the financial system they'll continue to roam around like sheep in the wilderness, only making sense of that which the mainstream media elects to explain to them.

I think people were beginning to forget 'money printers go brrrrrrrrrrrrrrrr'!!! BTFD for sure! Also get exposure to Crypto. This **** is here to stay and by market cap is still a tiddler. The Whales have been moving into the space all year.

"Significant reduction in hash rates" but realistically it's dropped to early August levels, and if we're attributing this swing to miners in China halted by flooding then it's not much of a 'correction' at all. Look at the historical hash rate chart and you'll see it fluctuates due to a multitude of variables I'm sure. The overall case for BTC remains compelling so sit back and enjoy the ride while FIAT currencies get debased into oblivion. The next world reserve currency cannot be a National currency. Also remember 1 BTC splits down into 0.00000001 Sats so it's very divisible for widespread use. In fact I'd wager 1 SAT becomes 1 'bitcoin' in the vernacular because 1 BTC becomes far too high in value for any meaningful day to day use. Give that a few years though :)