Bozzlife: A bit premature?
I was getting ready to go to bed last night and I found myself going through my usual routine. If we have work the next day my wife usually heads to the bedroom around 6:30 or 7:00 PM to read her book. Usually by the time I wander in around 8:00 she has fallen asleep.
I know it probably seems pretty lame that we go to bed so early, but when you get up at 4 each morning to workout, it becomes a necessity.
Typically, I lay in bed for at least an hour going through my alerts on Discord/Ecency/Twitter, and reading through the latest headlines that Google has hand picked for me.
Last night I about jumped out of bed when I saw the headline you see above. I was contemplating waking up my wife, but I quickly decided against it.
The last time I had checked the price of Bitcoin it was around $33,000.00. It seemed highly suspect to me that it would have jump almost $10,000 in just a couple of hours without me getting some other kind of alert on my phone.
I quickly opened Coin Gecko and was greeted with the fact that BTC was in fact still sitting in the $33k range. I went back to my news stories and started investigating a little further.
The first thing I noticed was the fact that the story was reading January 4th. This immediately struck me as odd since it was in fact January 3rd where I live. Then I noticed that the site appeared to be from a site in Australia. Okay, that made a little more sense, it would be Jan 4th there if it was late Jan 3rd in the US. It still didn't resolve the fact that BTC was definitely not $42K according to one of the most reputable coin trackers sites out there.
I know from time to time different exchanges have different prices for the same coin/token. Many people take advantage of those differences to do what is called arbitrage where they purchase/sell the same item from different markets to take advantage of price differences.
It is possible that was the case here. It is also possible someone accidentally posted an article that they had written up in anticipation of BTC cracking the $42K mark. I am leaning more towards the second scenario, but maybe some of you who follow a variety of exchanges can tell me otherwise.
Sadly, I got to work just in time to see BTC temporarily dip back below $30K this morning. I think it is highly unlikely that we are going to see that $42K number that gave me a quick adrenaline rush last night.
Never say never though!
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@eos.detroit Staff Writer/BOID Team Leader
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