Quote from: Rosewater Foundation on December 18, 2017, 03:14:00 AM

Quote from: centralbanksequalsbombs on December 18, 2017, 02:47:17 AM

Quote from: LewisPirenne on December 18, 2017, 02:25:10 AM

With Direxion, people are probably going to get rekt with some inverse (bear) 3x (leverage) BTC fund though. Probably going to break record for a listed ETF going to zero (or splitting). Roll Eyes

Also, it takes a while for crowds used to buy-low-sell-high and pump-and-dump in CB dominated inflationary world to figure out that with deflationary currency, it's all pump-and-pump and sell-high-and-buyback-even-higher as people hoard it to oblivion.

Direxion 3x BTC bullish and inverse funds would be fun. LOL.

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

source: http://www.zerohedge.com/news/2017-12-07/bitcoin-blasts-through-15000?page=18

So $20k is way behind schedule? HURRY!

Naw, $19k is the maximum in this year Roll Eyes