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Here’s What Cookie Monster Thinks about Bitcoin

Here’s what cookie monster thinks about bitcoin

Here’s What Cookie Monster Thinks about Bitcoin


Cookie monster
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bitcoin and cryptocurrencies have gone mainstream ever since the market exploded last year and major television shows have been talking about cryptocurrencies on a regular basis.

CBS sitcom Big Bang Theory had an entire episode last year on bitcoin where the characters search for a large amount of bitcoin they had mined in its early days.

Just last week, popular HBO show Silicon Valley aired a crypto-themed episode where the fictional company PiedPiper offers an initial coin offering (ICO) for their cryptocurrency PiedPiperCoin to raise money for their company. Over the last 12 months, several popular TV shows including Mr. Robot have featured cryptocurrencies.

Now, it’s Sesame Street’s turn.

No, the popular children’s program didn’t take time to teach toddlers about monetary policy, but mainstream financial publication Business Insider did devote a large portion of its recent interview with Cookie Monster (yes, that Cookie Monster) toward gauging the Muppet’s thoughts on bitcoin.

Shockingly, Cookie Monster did not know much about bitcoin. But he goes on to explain that he is familiar with the concept of “Bitcookie.”

“Me know about Bitcookie. Me know that me have cookie and me do this. That me bit cookie.”

Cookie Monster then goes on to talk about self-regulation — a key topic of discussion within the nascent cryptocurrency indsutry. He confesses that he has an issue with regulating himself. He explains, if he sees a cookie he’s not supposed to eat, he takes a step back and looks away. Then, he would eventually eat it.

“Me, OK, me do have issues with controlling meself. Fruit, cookie, fruit, cookie. Ah. This tough decision. So me got strategies me use to help me to control meself. Well, what me like to um, to control meself, me sometimes like to take deep breath. And it calm youself down. So like, if me saw a cookie right there, and me wanted to eat said cookie, me would just kind of take a little step back, maybe distract meself, maybe look away. No see cookie. Maybe sing a song. And then, after while, me can eat said cookie.”

Cookie Monster was on Business Insider to promote his new book, ’The Joy of Cookies’. Check out the complete conversation on here.

Featured Image from Shutterstock

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Published at Sat, 12 May 2018 15:02:42 +0000

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Bitcoin’s $500 Price Drop Sets Community Abuzz

bitcoin prices dropped yesterday from $2800 down to $2460, sparking concern and speculation across the cryptocurrency community.


The large drop in value has come alongside the largest bitcoin Bull run in the currencies history, it caused panicked posts on social media with one Reddit user posting;

“What the hell happened with the drop from 2800 to 2460?!!!!!” – TakinBackMyLove, a distressed Reddit user.

Many other new bitcoin users, drawn to cryptocurrency investment by the current upward cycle of the market, also voiced their concerns while bitcoin veterans remained calm, having seen this all before, and much worse.

Welcome to bitcoin

The drop follows three straight days of price increases for bitcoin as the price climbed from $2000 to $2800, which was an all-time high per coin. In financial markets, it is not uncommon to see corrections like this after relatively large gains over a short period of time, which really does bring a touch of sanity to a frenzied market. That the decrease was not more substantial, given what has overall been a very large rise, should give investors comfort.

Bitcoin Historical Prices

Past Volatility

bitcoin has been historically famous for its massive volatility, with its price declining by several orders of magnitude in just the space of minutes. In August 2011 the price dropped by almost 50% from $13.50 down to just $7 in the period of 7 hours. However, the coin is also famous for its sudden gains too, as bitcoin prices began hitting $80 dollars.

Bitcoin price drop August 2013

Another example is the 2013 crash, often attributed to the downfall of the infamous Japanese based exchange, Mt. Gox, when the site went down it took many Investors coins with it. bitcoin took its time recovering, and cryptocurrency as a whole entered a bear market.  bitcoin has made slow and steady gains since 2015, however, it is only since March that the gains have started to rise at a disproportionately increased rate.

It comes as no surprise, that in the wake of such massive gains, that bitcoin fever seems to have struck again.

Still Bullish

With daily candles mainly Green, all signs still point to the coin remaining Bullish and, at the current time of this writing, it has since started climbing back towards $2,550.

Bitcoin Still Bullish

What do you think of bitcoin’s volatile history? Do you think prices will continue to climb or is it a bubble that is about to pop? Let us know in the comments below!


Images courtesy of BitcoinCharts, AdobeStock

The post Bitcoin’s $500 Price Drop Sets Community Abuzz appeared first on Bitcoinist.com.