Bitcoin Surges 20% In A Week As Chinese Volumes Hit Record High

Via zerohedge.com

  • “The last 5 days have seen Bitcoin prices (in dollars) soar over 18% and over 20% in Yuan as volumes on Chinese exchanges continues to build, seemingly anticipating notable Yuan devaluation (confirmed by various derivative bets being placed on the Chinese currency) and/or further capital controls looming as yet another hot money Chinese bubble explodes in commodity-land
  •  “Last week saw the heaviest Bitcoin trading ever on Chinese            exchanges…

Read more here… 

Bitcoin is the ultimate ‘Vote of No Confidence’ in central planning

And 2016’s best-performing Asset is….Bitcoin?

By Joseph Adinolfi via Marketwatch.com

[Editors Note: As I predicted at the end of 2015 in my video ‘Why Bitcoin price could hit all time highs in 2016”  With the price at $326 there were so many reasons why Bitcoin was severely undervalued against its NAV. In 2016 they  all came to fruition with Bitcoin currently trading at 2016 highs of $940]

  • “Bitcoin’s market capitalization sailed past $14.5 billion as the price of a single coin traded as high as $913 a coin on Friday, according to Coin Market Cap, as its market capitalization to sail past the $14 billion mark, eclipsing the market value of, say, Twitter Inc”
  • “The shift in bitcoin’s valuation is only part of the story. Trading volume has also increased dramatically in 2016, peaking at more than $330 million a day over the summer. Finally, the bitcoin market is liquid enough to allow professional traders to enter and exit positions without losing their shirt, as Hayter put it”

Read more here..

2017; The Second Era of Bitcoin Begins….

Excellent article By Akin Fernandez (aka @Beautyon) via Coindesk.com

  • “None of these people, the bitcoin forkers or R3CEV, understand what they are dealing with both in terms of what bitcoin is and what it is for; why regulation can’t be built in to any software project whose aim is to replace bitcoin; or software development in general and how that process works. They have all been “Trumped”
  • “R3CEV demonstrates again, that the people at the banks have zero understanding of the economics of software and bitcoin, or of the human factor of how code is developed”
  • “The risk of bitcoin is spread evenly to the people who voluntarily choose to work with it. Trying to control bitcoin pushes a far greater risk of a generational national loss on all citizens, that can never be recovered from once the centre of bitcoin is captured and rooted in another place”

Read more here..

Bitcoin’s Rally Crushed Every Other Currency in 2016. Here’s Why

Via Olga Kharif @ bloomberg.com

  • “Bitcoin, that nebulous digital currency that trades in cyberspace and is “mined” by code-cracking computers, emerged as a better bet this year than every major foreign-exchange trade, stock index and commodity contract”
  • Global restrictions on sovereign currencies are playing a major role in driving increased bitcoin demand. The Chinese government, for example, made it more difficult for people to move the nation’s currency and spend it overseas, leading to trapped liquidity. That’s made bitcoin, which is not controlled by any government or central bank, more attractive”

Read more here..

 

 

 

Central Banks & Fiat currency have created the ultimate virtual reality

Since 2008 the world has been flooded with $60 Trillion in additional debt to prevent all major financial assets from returning to fair market value.

In the process central banks and their endless monetary stimulus have created an alternate reality, the ultimate imaginary setting. 

From Wikipedia – “Virtual reality (VR) typically refers to computer technologies that use software to generate realistic images, sounds and other sensations that replicate a real environment (or create an imaginary setting)”

Nothing in this reality is real and the central banks can pull down this illusion at will (as they have repeatedly down throughout history) leading to epic wealth transfers too the financial elite.

If you want to know how far from reality we are and how fundamentals area long lost relic of the investment world , replaced by endless currency destroying stimulus and Zero interest rate policy; Look no further than this headline. 

Hopes of Bailing out failing banks is Bullish in Central bank driven virtual reality.

The worse thing about the open air prison & financial repression dolled out in central Bank virtual reality world used to be that we could not escape it.

But thanks to Bitcoin we can now take off the central bank virtual reality headset and get back to fundamentals and reality; and as more people make the same choice, reality will start to become much more attractive.


Financial Elite waging war against the people; Opt out with Bitcoin

By Andreas Antonopoulos Via Coinscrum

[Editors note: Excellent talk that focuses on the escalating financial war being raged against citizens of this world through Debasement, NIRP, Capital Controls, Bailins & the escalating war on cash.

Bitcoin offers a way out of this mess; to turn you back on a evil symbiotic relationship between the financial elite and government that threw the monetary system and humanity under the bus 45 years ago]