{"id":12506,"date":"2018-11-29T08:57:46","date_gmt":"2018-11-28T19:57:46","guid":{"rendered":"http:\/\/www.frot.co.nz\/design\/?p=12506"},"modified":"2019-08-22T08:30:08","modified_gmt":"2019-08-21T20:30:08","slug":"bitcoin-repeats-like-a-plate-of-sausages-at-midnight","status":"publish","type":"post","link":"https:\/\/www.frot.co.nz\/design\/steemit\/bitcoin-repeats-like-a-plate-of-sausages-at-midnight\/","title":{"rendered":"BITCOIN REPEATS LIKE A PLATE OF SAUSAGES AT MIDNIGHT"},"content":{"rendered":"

Bitcoin is just like sausages<\/strong><\/h1>\n

One thing about cryptos I have only finally grasped this month is that all cryptos follow Bitcoin. So my ingenious tactic of selling Bitcoin (because I thought it would crash) and investing in other cryptos (because I thought they would replace Bitcoin and go up) was a bit of a lemon really…<\/strong><\/p>\n

Whatever actually happens with altcoins (including Steem) doesn’t really seem to matter. If one of them laid off 70% of their staff and had a bitch slapping festival straight after losing half their value straight after totally buggering up their entire x you would expect the price to drop like Justine Bieber’s pants. But no, If Bitcoin happened to go up, all would be fine, because alt coins all just follow Bitcoin.<\/strong><\/p>\n

And Bitcoin likes to go up, and then drop hard – like a heavy beat kicking in. But then it comes back up again. Like a big plate of sausages at midnight. (I’m having a simile fest here!)<\/strong><\/p>\n

\"\"<\/a><\/strong><\/p>\n

Another thing about Bitcoin is that it crashes very regularly. In fact over the past six years it has crashed about a dozen times.<\/strong><\/p>\n

\"\"<\/a><\/strong><\/p>\n

The value of Bitcoin now is a lot higher than it was back in 2014, but just looking at the wobbly line and ignoring the price, it appears to have done exactly the same moves this year as it did four years ago.<\/strong><\/p>\n

\"\"<\/a><\/strong><\/p>\n

This is intended as financial advice: You are screwed so sell all your cryptos today and put your money into the American share market. And if you are feeling loaded, maybe also buy one of those Tesla electric cars and do your part in fighting climate change.<\/strong><\/p>\n

\"\"<\/a><\/strong><\/p>\n

And also be sure to donate some money to Wikipedia – the CIA are really very short of funding and your donation could help with their programming initiatives…<\/strong><\/p>\n

\"\"<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is just like sausages One thing about cryptos I have only finally grasped this month is that all cryptos follow Bitcoin. So my ingenious tactic of selling Bitcoin (because I thought it would crash) and investing in other cryptos (because I thought they would replace Bitcoin and go up) was a bit of a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[35,34],"tags":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":21152,"url":"https:\/\/www.frot.co.nz\/design\/computing\/cryptos-101-some-basics-for-the-non-geek\/","url_meta":{"origin":12506,"position":0},"title":"CRYPTOS 101 - Some basics for the non geek.","date":"February 4, 2022","format":false,"excerpt":"When I first started learning about cryptos in 2016 it was all very new, but at least I was familiar with share trading and blogging, and had recently started using the Steemit blockchain for blogging and had also begun transfering the Steem crypto currency with some online friends. So I\u2026","rel":"","context":"In "COMPUTING"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.frot.co.nz\/design\/wp-content\/uploads\/2022\/02\/Project-7_2-01-01-01-01-01-02.jpeg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":11937,"url":"https:\/\/www.frot.co.nz\/design\/steemit\/cryptocurrency-102-my-picks-for-2018\/","url_meta":{"origin":12506,"position":1},"title":"CRYPTOCURRENCY 102 - MY PICKS FOR 2018","date":"December 28, 2017","format":false,"excerpt":"CRYPTOCURRENCY 102 - MY PICKS FOR 2018 Way back in the depths of history eight months ago when I did my Cryptocurrency 101 post it was a very different crypto scene. I was a bit nervous about doing a post on cryptos that would remain on the blockchain and make\u2026","rel":"","context":"In "CRYPTOS"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12955,"url":"https:\/\/www.frot.co.nz\/design\/steemit\/are-we-still-allowed-to-be-honest-on-steemit\/","url_meta":{"origin":12506,"position":2},"title":"ARE WE STILL ALLOWED TO BE HONEST ON STEEMIT?","date":"January 24, 2019","format":false,"excerpt":"Can we still talk on Steemit? Sadly at this point\u00a0 the only honest answer I can give to that question is \"it depends on who sees us doing it\" When I started out on Steemit (as @sift666) I thought I had discovered blogging nirvana. So many amazing people, so many\u2026","rel":"","context":"In "CRYPTOS"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.frot.co.nz\/design\/wp-content\/uploads\/2019\/01\/GoArt_20190123_210933_567485561-01-500x283.jpeg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14437,"url":"https:\/\/www.frot.co.nz\/design\/wordpress\/how-i-made-twelve-and-a-half-grand-for-a-blog-post\/","url_meta":{"origin":12506,"position":3},"title":"HOW I MADE TWELVE AND A HALF GRAND FOR A BLOG POST","date":"July 19, 2019","format":false,"excerpt":"GET RICH BY BLOGGING! Back in 2016, in the early days of the blogging platform Steemit - when it still looked like an awesome new blogging platform rather than a massive Ponzi scheme - certain key accounts were flinging money about in an apparent effort to bring in new users.\u2026","rel":"","context":"In "CRYPTOS"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.frot.co.nz\/design\/wp-content\/uploads\/2019\/07\/o1AJ9qDyyJNSg3j52kokyfvD831NZXpaZKPZhUurpbkXWJ9L2-500x250.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":19549,"url":"https:\/\/www.frot.co.nz\/design\/cryptos\/this-guy-is-a-blockchain-genius\/","url_meta":{"origin":12506,"position":4},"title":"THIS GUY IS A BLOCKCHAIN GENIUS","date":"November 11, 2020","format":false,"excerpt":"I don't usually recommend videos, but this one is really interesting and can be listened to as an audio. Right now, everyone who is freaking out about the state of things, may find this very inspirational. Andreas Antonopouloshis is the guy who first got me really interested in blockchains and\u2026","rel":"","context":"In "CRYPTOS"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.frot.co.nz\/design\/wp-content\/uploads\/2020\/11\/USgKoryE83iyNs4LG1RhdfteSmeidYjNFY66UnfC68Z51BAp51jiZnUkRk5sR9QWLT52RwZVdDRc8vWegkWyvn.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":19475,"url":"https:\/\/www.frot.co.nz\/design\/cryptos\/is-buying-hive-contrarian-investing\/","url_meta":{"origin":12506,"position":5},"title":"IS BUYING HIVE CONTRARIAN INVESTING?","date":"November 23, 2020","format":false,"excerpt":"A couple of my friends on Hive think I\u2019m an idiot. \u201cyou are an idiot\u201d they like to say. The reason for that is because I am holding a big stash of Hive. Like a lot of people on Hive at the moment they keep saying \u201cHive is just like\u2026","rel":"","context":"In "ART BY FROT"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.frot.co.nz\/design\/wp-content\/uploads\/2020\/11\/2bP4pJr4wVimqCWjYimXJe2cnCgnLLEgovUJQh79ZmG.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/posts\/12506"}],"collection":[{"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/comments?post=12506"}],"version-history":[{"count":0,"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/posts\/12506\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/media?parent=12506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/categories?post=12506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/tags?post=12506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}