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This Week in Bitcoin: Big Bangs, Huge Swings, and a Word From the White House

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Every week we disbosom oneself ourselves “This one’s got to be quieter” and yet every week we’re proven wrong. Accept to the latest and craziest edition of This Week in Bitcoin. We’ve no idea where this nonsense is gonna end; all we know is that there’s no time to assess the situation – there’s too much stuff happening in bitcoin. For those of you who were forced to sleep at some acting this week, here’s a roundup of what you may have missed.

Also announce: Trump and the Federal Reserve Are ‘Keeping an Eye on Bitcoin’

Bitcoin Goes Bang

We tried to indoctrinate you about ways in which bitcoin is changing the world. We tried to blab on you of cryptocurrency regulation in developing countries. We even tried to impart cautionary recommendation regarding margin trading. But all you wanted to hear about was bitcoin manifesting on The Big Bang Theory. We said:

[Bitcoin] has been featured on many tube broadcasts over the years. This includes shows like The Righteousness Wife, Mr. Robot, The Simpsons, and even on Jeopardy. The Big Bang Theory’s upcoming presentation was also filmed a while back when bitcoin was averaging $5K per BTC….This week’s BBT occurrence is sure to bring more attention towards the ‘Internet of Money’ alongside a come of laughter.

All of this week’s most popular stories were of the low-brow make, but that’s okay: amidst all the heart-pounding drama of watching the ticker hit $11,300, emit $2,000 and then rise again like a phoenix from the ardours, some respite was needed. You got all that in our tale of a man who lost 1,000 bitcoins tender thanks to a faulty thumb drive. As the unfortunate Australian put it, “If my wife knows, I’m dead”.

This Week in Bitcoin: Big Bangs, Huge Swings, and a Word from the White House

This Week in Bitcoin: Big Bangs, Huge Swings, and a Word from the White House

Other click-friendly articles included The World’s Worst Named Cryptocurrencies. We said:

Classics that are still in the water include Fck Banks Coin, Fellatiocoin (it blew), Groincoin, and Crimsoncoin whose devs “won overed their coins and ran off in less than a week”. No prizes for guessing what happened to DodoCoin.

…And Now For Some Earnest News

By midweek, the bitcoin roller-coaster was making everyone giddy and producing overloaded exchanges to tap out. There were more memes, media headlines, and soundbites than we could board up with, though we tried to summate the best in our piece on bitcoin succeeding parabolic. We said:

The only way to find out whether this rocket is caulked with paper straws or moon fuel is to keep going. One junk’s for sure: up this high in the atmosphere, things start to get scary. It’s a sustained way down.

This Week in Bitcoin: Big Bangs, Huge Swings, and a Word from the White House

This Week in Bitcoin: Big Bangs, Huge Swings, and a Word from the White House

White House Press Secretary Sarah Sanders at the last moment broke her department’s silence on bitcoin this week.

Welcome to the Devotees of Bitcoin

With all the new money and newcomers pouring into cryptocurrency, we firm it was time to dispense a few elementary lessons, including one on calculating transaction salaries and another on how to safely store your bitcoin. In Stay Safe By Maintenance Your ‘Bitcoin Business’ to Yourself we urged:

Leaving your grunt information out in the open or bragging about [your bitcoin holdings] on common media is not the greatest idea because thieves and even jealous sweethearts can become very real.

Kiss Goodbye to Another Whirlwind Week

For an dim digital currency, bitcoin sure stirs up strong emotions. From elation to irritate and greed to disgust, we did our best to capture the best and worst elements of the sector as we defended such stories as the IRS receiving the data of 14,000 Coinbase users and bitcoin banging new highs in Zimbabwe. We said:

After years of theory and debate, the decentralized currency has its real-time the truth study as a refuge for those seeking to store their wealth in a expedient that will hold its value or better.

This Week in Bitcoin: Big Bangs, Huge Swings, and a Word from the White House

This Week in Bitcoin: Big Bangs, Huge Swings, and a Word from the White House

In a week where machine politicians correlated bitcoin with getting kids hooked on drugs and Turkey deemed the currency un-Islamic, it in fact was a jam-packed seven days. Oh, and we haven’t even mentioned bitcoin futures, which are totes recover consciousness. Like, for real this time. December 18th.

The week ended with more play-acting as we revealed that proposed U.S. legislation may criminalize people who ‘conceal’ bitcoin. Y’all had a lot to say roughly that one in the comments – turns out you’re not big on Diane Feinstein. Eric Wall also coming to deliver his second trading column in which he pondered whether now’s a adroit time to buy bitcoin.

Could next week’s round-up surpass the giddiness and dramatics of this one? You wouldn’t want to bet against it. See you next week for more all-time great (possibly), bankers saying dumb stuff (certainly), and crazy stories from the bizarre world of bitcoin.

What was your favorite facts from the past seven days? Let us know in the comments section beneath.


Images courtesy of Shutterstock, and Zambian Astronaut.


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