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..

 

 

 

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]

‘Blockchain’ hype is dying, Bitcoin reasserting its dominance

Via Ansel Lindner @ bitcoinandmarkets.com

  • “During two plus years of blockchain hype, all efforts to harness the magical power of the blockchain have failed. Many people have been scammed out of money, time and reputation. So how do you know if a claim is legit or not?”
  • “A lot of people try to disparage bitcoin’s blockchain, but let’s not forget bitcoin’s blockchain is the oldest, the most secure, the most stable, and it holds the most value. It’s only rational to use bitcoin’s blockchain as the standard by which to judge others”

Read more here…