It's safe to say I had a couple of surprises I woke up yesterday morning. Through the night we got about three to four inches of snow. Sure, it was nothing like the northern part of my state got over last weekend. Something like 43 inches across two or three days. Then I looked at my news feed and discovered that Bitcoin had jumped up above $100,000 USD finally. Sure, it dropped back down to something like $90,000 by the end of the day and now we are sitting at $98,000 or so.
I have faith that we haven't seen the last of the $100K range. In fact, I wouldn't be surprised if by the end of the weekend we were back up there. Oh, the Detroit Lions clinched a playoff spot with the win over Green Bay last night. That's two years in a row now!
The good news is, it does appear some of those profits that were taken when Bitcoin was over that magical mark have started to flow back into the alt scene. I'll talk about that more in a bit.
It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the community.
Do you think that the $100,000 mark for Bitcoin will be one of those things people remember like where they were on 9/11, where they were when one of the space shuttles blew up, or where they were when Kennedy was assassinated? Where were you on December 5th 2024? Or was it December 4th? I don't actually know the exact time it ticked over because I was sleeping!
PeakD Functionality
First things first, is there a difference between Witnesses on Hive and node operators? I would have guessed they were the same thing, but if you look at the lists, there are only about seven node operators to choose from and there are hundreds of witnesses available to vote for, so it must not be the same thing. I stepped out of my normal pattern last weekend and wrote this post to Hive node operators.
Apparently the insanely useful "Favorites" portion of PeakD relies on an extra piece of software that most node operators are not running. I encourage them to install it for all of our sakes. If there is a good reason why they shouldn't, I encourage one of them to explain it to me in the comments.
Hive Advent Calendar
I also wrote this post last weekend implementing a fun activity for people to participate in while they count down the days to Christmas. Basically I took 25 HIVE and sent it to a person. In turn they keep one HIVE for themselves and then send the rest on. By the time we reach Christmas we should be down to 1 HIVE and the last person gets to keep it.
We are now six days in and so far the participants have been: @silversaver888, @elizabethbit, @jayna, @litguru, @macchiata, @shanibeer.
It doesn't look like the last person has posted in a while, so I am not sure how this is all going to unfold and it also looks like we somehow increased the amount instead of decreasing it, but it is what it is! That last person just might end up with more than a single HIVE on the 25th of December. Merry Christmas!
CHEX
I'm still mad bullish on the CHEX token from Chintai. I'm fully aware that people on Xitter get pretty worked up about this particular token or that one, but there are a lot of legitimate reasons to be excited about this one. Obviously, you should do your own research and never invest more than you are willing to loose, but many people feel that even at $.56 this token is highly undervalued. It's been on a tear lately and I wanted to share some of the reasons people think that is the case:
I think for me the most exciting part is the fact that CHEX already has licensing through two major regulatory offices. Once things really pick up, other RWA token projects will be scrambling to get the necessary approvals. The fact that CHEX already has them means that they can hit the ground running. I plan on taking some small gains if CHEX hits the $1 to $2 mark. After that, I just plan to hold on for the ride. $10 per token and above would be absolutely life changing for me.
Nuscale
For the longest time I felt like I was the only one beating the drum for Nuscale Energy Stock (Ticker SMR). In recent days I have finally started to see some articles in my news feed talking about them. The fact that they are starting to be mentioned in some of the big outlets is good news I think. I came across this article and it sounds like SMR is on the precipice of either becoming really huge or falling to the wayside.
Having bought in at about $10 per share, I plan to just ride it out. With the current price over $25 last I checked, I'm not sure it would be smart move to put anymore money into the stock. I do hope one of those partnerships and approvals goes through for them. It would be an even nicer bump to my traditional portfolio.
Treasure Hunt
Finally, I wanted to close this week with this article I read about a man named Jon Collins-Black who did quite well in the crypto markets earning millions of dollars. Using some of that money, he decided to write a book called "There's Treasure Inside" which gives clues to find the location of five treasure chests that he has hidden across the United States.
The chests include treasures with a combined total of $2 million dollars. Some of it is gems, I am sure some of it is precious metals, and then there are collectors items like Olympic gold medals and other items (probably a bit of crypto in there too).
Anyone up to join me on a treasure hunt?
Sports Talk Social - @bozz.sports
Thank you for the updates!
!discovery 40
My Pleasure!
terrible weather there now, very unhealthy for sure causing lots of trouble
I actually didn't see a single accident on my way into work yesterday which was kind of surprising.
Another one I just heard of the there day is SUI. Evidently it is expected to be the next SOL, starting this cycle.
Interesting.
It seems bitcoin is playing alot of pranks on our intelligence and emotions 😀, I think if one wants to gain from this then buying at the dip and selling when it's high should be a better way of getting extra cash. It's just my opinion though not a financial advice
I think I am just going to hold on and see what happens. Trying to time the market usually doesn't work out well many times.
H.m if one wants to time the market his eyes will always be fix to it without even having a good night sleep
I don't even like looking at that white stuff. 😒
Not ready for it yet.
Looks like you were at school bright and early along with one other person.. probably the person pushing all of that snow around. lol
Treasure!! Did someone say treasure? I'll have to read that article sometime. Sounds very intriguing.
Haha, no, that is the districts car that they let people take to conferences and stuff. There was one teacher there already. He comes in no matter what. It makes you wonder how horrible his home life must be... Either that or he is just really dedicated.
A treasure hunt sounds like fun lol I’ll have to look into that and see if anything sounds like it’s local to me.
I was also sleeping when it crossed 100k lol
We got a touch of snow recently too, I wouldn’t mind if we got some decent snow this year! My son and I have been dying to go snow shoeing but the last 2 years it hasn’t had enough snow to go and enjoy it unfortunately.
Let’s see what this winter brings!
My wife and I have thought about getting into snow shoeing, but we just haven't found the time or ambition to buy the equipment. Maybe one day... From the article it sounds like he made the chests pretty safe and easy to find. He doesn't expect the hunt to last for years and hopefully people won't die looking for these like the did looking for the Forest Fenn treasure.
The Bitcoin price is just a number and not really that significant as it's been heading up for a while. Whether it's really worth that is another question. The next few years will be interesting, but not necessarily all in good ways ;)
I dunno, the number seems pretty relevant to the BTC that I am holding in my wallet. It was significant to my brother in law who sold one to pay for a renovation to his house back when it was $54,000 or so. In relation to HIVE... No, it's not significant at all.
$100k is only about 1% more than $99k. The trend is interesting, but humans get hung up on certain numbers. It seems a lot of people are scared to sell in case they miss out on a big increase. I fully intend to use my $HIVE when I consider it worth doing. Your BIL got to have house stuff done that may not have been possible otherwise, so I can understand him selling.
I don't want to dampen the excitement of others, but there is so much hype around crypto and it may not all be justified. Just my humble opinion :)
I understand. I guess we just wait and see if it goes up from here.
I love you advent initiative, that was a fun idea! Good job on nuscale, I hope it continues to climb!
The treasure hunt should be very interesting! The one problem is you have to buy his book in order to find the clues. Maybe the library will pick up a couple copies!
Yeah, I'd almost be interested in buying it just to see what it is like, but you know that there are people way smarter than me already looking into it, so the odds are pretty slim! I hope the advent thing works out. I think we are a bit behind already, but it is what it is!
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