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.. 

Bitcoin Meister show:19-05-2017 Bitcoin $2000!! Altcoin Bubble? ICO’s what you need to know;

Bitcoin hits $2000!! My appearance on the Bitcoin Meister news show 19-05-2017. Thanks to Adam @techbalt for inviting me on below is a list of all the talking points:

Crypto Topics Discussed:
1) ICO craze what you need to know 0:40
2) Altcoin bubble? 17:10
3) Bitcoin All time highs $2000! What’s going on where are we going? 27:38
4) Final thoughts? 55:00


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..

World Crypto Network news show:

I join the World Crypto Network to talk  Bitcoin Price analysis, Why is the price rising? Have we seen the top?  Where is it going next?

First Half Topics:
-Bitcoin price – Bitcoin is on another tear taking the world by
storm with it’s recent price rise breaking new ATHs yet again,
passing up gold, yet again. What do we think is causing this, how
long can it last, and where are we going from here?

-The scammer & fraudster Craig Wright recently attempted to step back into the public eye with the announcement of his new company nchain which claims to be a competitor to the Bitcoin Core implementation. With people like Jon Matonis, Gavin Andresen and Jeff Garzik all saying it’s a good idea, what do we think about nchain and it’s future?

-After a back and fourth on twitter with Andrew Desantis & Jihan Wu, Wu replied back saying bitmain may likely accept code to stop ASICBoost. Is this a sign of bitcoin game theory at work, forcing Jihan to finally realize what the market wants and is this the next step towards Jihan accepting segwit?

Second Half with Special Guest:
-RSK was created to make smart contracts more accessible to bitcoin, has it done this and is RSK compatible with any other chains?

-What makes RSK different/better than other platforms like ethereum?

-Can you name some good examples of ideas that RSK makes possible that otherwise would’nt able to be developed with just bitcoin?

-How far away are you guys from launching on mainnet?

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…