The history of price bubbles shows how low Bitcoin could go
This song “Roaches”, you could put down “Bitcoin” so instead of “where the fuck did the roaches go?” “where did my Bitcoin go” which is the question that several furious Mt. Gox bitcoiners asked themselves in 2014. It’s challenging enough trying to buy Bitcoin at a profitable price but when you depend on an exchange to safeguard and store your Bitcoin and they fail…you’re left with where did my Bitcoin go? Well it went into thieves like Mark Kepeles bank account – concerting Bitcoin into USD. Bitcoin didn’t mysteriously disappear. Mt. Gox was a born conspiracy. The best place to store your Bitcoin is never on an exchange since they are an ethical fabric away from stealing your Bitcoin (Coinbase included). For day traders of course, it makes no sense to take it off the exchange with the fees. But for longterm HODLERS, the biggest peace of mind is storing it on a Trezor and not depending on exchanges. Otherwise, Mt. Gox will surely occur again and you’ll be asking yourself with much regret…where the fuck did my Bitcoin go?
I decided to update an old article I wrote in May about ‘joke tokens’.
A few key takeaways:
– **Useless Ethereum Token** is finally truly useless – it has no value whatsoever now, compared to marketcap of £1M in January, $70,000 in May.
– **FuckTrumpCoin** holders (12,286) still outnumber **Trumpcoin** holders (3,358)
– There is no God. **Jesus Coin** hasn’t seen any divine intervention in the bear market. Down from marketcap of $1.4M in May, to just $17,000 today.
– The number of people holding **Penis** has grown from 5,112 in May to 8,561 today.
**Full article:** [https://medium.com/trivial-co/people-actually-pay-money-for-these-useless-tokens-you-must-be-joking-ef14fcb675c4](https://medium.com/trivial-co/people-actually-pay-money-for-these-useless-tokens-you-must-be-joking-ef14fcb675c4)