No, silly! It's been here the whole time! Chugging along, enabling censorship-resistant distributed transactions for anyone with access to the software, producing blocks roughly every ten minutes, adjusting its difficult target every 2016 blocks, and being there for you when you need it most. The Old Faithful of the digital world.
However, it seems that, at least temporarily, there is some material buy pressure out there as the price of BTC surged by more than 15% overnight. The candle was green enough and long enough to bring Parabolic Trav out of his bear market hibernation. Truly a remarkable feat.
Today is a startling reminder of the inherent FOMO and adrenaline rushes that come with big Bitcoin price movements. There's something about it that revs up the animal spirits of those involved. I feel it. I know you freaks feel it. It's unavoidable. Price action around a truly scarce resource and the reaction to that action is fascinating to watch play out in real time. So on that note, I urge you freaks to resist the urge to make rash decisions during times like this. If you have done your research and believe that Bitcoin is something worth investing in, make a plan and try to stick to it. It's better to be prepared to react with a predetermined plan when a price move like this sneaks up on you. If you're reading this rag for the first time in a few months because you're looking for confirmation on whether or not to buy Bitcoin after proclaiming it dead last year, take a step back and do more research.
Final thought...
Very BIG Wow Freestyle type of mood this morning.
