RI Market Update 22-05-201 : Bitcoin Surges through $2000, Short Term bubble ahead

By Renegade Investor

Bitcoin market update ,Bitcoin Fundamental & Technical analysis. Bitcoin surges through $2000 on this historic run! How did we get here, where could we be going , what to look out for, caution is required as the trend accelerates.

Caution: I dont give financial advice but Bitcoin is rising fast in the short term be cautious with how much capital you risk at higher levels.

Bitcoin just surged past $2,000 for the first time

Via techcrunch.com

  • “The total estimated value of all gold mined is around $8.2 trillion USD. Meaning that right now all cryptocurrencies put together don’t even equal 1% of the world’s gold reserves. Similarly, there is currently about $1.5 trillion USD in circulation, meaning that all cryptocurrencies today are still worth less than 5% of USD in circulation”

Read more here.. 

Why I don’t support horse-trading compromises for Bitcoin protocol development

Via Nadav Ivgi founder at @bitrated

Great article, also follow @beautyon_ who has done excellent commentary on this topic.

  • “Political compromises have no place in bitcoin protocol development. I have my full faith in the consensus-driven scientific process that’s based on open communications, technical merit and peer review. A top-down imposed agreement based on closed-doors lobbying that overrides the technical community consensus process and the established FOSS practices would severely undermine the value proposition of bitcoin and its long-term viability”
  • Allowing political compromises to shape bitcoin protocol development sets a dangerous precedent, constitutes a moral hazard and erodes the established FOSS practices and consensus-driven decision making.

Read more here..

Bitcoin To Become ‘Just Like Money’ In Australia July 1st 2017

Via cointelegraph.com

  • Australia has officially confirmed it will treat Bitcoin “just like money” from this year and it will no longer be subject to double taxation.”
  • “In its budget summary for 2017-18, the government states that as part of its plan to “make it easier” for digital currency businesses to operate in the country”

Read more here… 

Russia’s Largest Online Retailer Ulmart to Accept Bitcoin in September

  • “Founded in 2008 and headquartered in St. Petersburg, Ulmart has over 450 infrastructure facilities including fulfillment centers and pick-up points. The Russian version of Amazon.com is present in more than 240 cities and towns across Russia.”

Russia’s Largest Online Retailer Ulmart to Accept Bitcoin in September

Banks are evil – It’s time to get painfully honest about this

It’s time to get painfully honest about this Via Adam Taggert @ Peakprosperity.com

[Editors Note: Check out my latest video Bitoin; Real time Justice & Restitution to learn about the systemic fraud and corruption in the Legacy financial systems and how Bitcoin is the ultimate weapon and defence against it]

  • “In my opinion, it’s long past time we be brutally honest about the banks. Their influence and reach has metastasized to the point where we now live under a captive system. From our retirement accounts, to our homes, to the laws we live under — the banks control it all. And they run the system for their benefit, not ours”

Read more here…