Bitcoin is for baby boomers
The price of bitcoin is up nearly 70% from a September 20 low of nearly $ 39,573. The highest price reached $ 67,016 on October 20. The upward movement lasted more than 29 days.
Since then, the price has fallen about 13% to a low of $ 58,100 over the 6 trading days.
Looking at the hourly chart, a head and shoulder formation saw the neck line broken at $ 59,870 currently. Stay below, it is more bearish in the future. The bears / sellers have taken more control – at least in the short term.
While the price of Bitcoin has been corrected downward, the hippest Shiba Inu is now the game of choice for crypto traders (Bitcoin is so “boomer” after all).
Shiba Inu is a rival token of Dogecoin and has seen its value increase by over 204% since October 23 (4 trading days).
It’s also cheap at $ 0.0000800.
Separately, during Sunday’s Tampa Bay Buccaneer football game, Tom Brady – the team’s GOAT quarterback – threw his career 600 touchdown pass.
The receiver who caught the pass, Mike Evans, immediately gave the ball to a fan in the front row (as he traditionally does). Soon after, the “powers that be” realized that the ball did not belong to Byron Kennedy’s trophy room, but rather to Tom Brady’s trophy case (along with how many other identical balls I don’t know, but probably a lot of them).
So a team manager went to the guy and offered:
- Two swimsuits signed Brady
- Brady’s signed helmet
- A signed Mike Evans jersey and his game crampons,
- $ 1,000 credit in the Buccanears store, and
- Subscriptions for the rest of the season and 2022
It sounds like a sweaty affair until someone realizes the bullet could be worth over $ 500,000 (damn it, an NFT image of the bullet could be worth at least that, right?) .
Tom Brady (who also happens to be married to supermodel Giselle) being the cool guy he is, dug into his own wallet – that’s his crypto wallet – and added one of his bitcoins from a worth $ 63,000 at the time.
So what does poor Byron have now?
He ends up with dwindling bitcoin, a squandering asset in seasonal subscriptions and signed “dime a dozen” souvenir jerseys and other keepsakes others already have in their home offices. We do not care.
Now, if he had asked for $ 63,000 from Shiba Inu at around $ 0.00003 about three days ago, at least the value of this digital currency would have increased by 181% or be worth $ 114,450. Heck in another day or two, it could be worth the $ 500,000 he gave up when he handed the stink ball back.
Byron. Byron. Byron.
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