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Q: 'And I said to myself, ‘'This is the business we have chosen.'” –Hyman Roth

The explosive rise of Bitcoin (BTC) has taken the investing world by storm, and for good reason. Over the past six months alone BTC has quadrupled in value. Since 2012, it has risen over 200,000%. To put that into context, had one invested 10k in 2012 they would be worth over $20 million today. The graph below shows the meteoric rise.

 

 

 

11 weeks 3 days ago in  Arts & Entertainment - China

 
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Do you use it icniff?

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11 weeks 2 days ago
 
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Do you use it icniff?

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11 weeks 2 days ago
 
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Its just been announced EU and UK are to crack down.

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11 weeks 2 days ago
 
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Not a trading advice (Buy/Sell/Hold), just read ....:

 

http://www.zerohedge.com/news/2017-12-04/its-not-really-about-bitcoin-pr...

 

Bitcoin will continue to prosper as fiat currencies decline

Considering that Bitcoin remains as the only viable alternative to fiat currencies, the decline of government-issued money will continue to lead more investors and general consumers into the Bitcoin market.

As such, Byrne noted that Bitcoin price could reach $1 mln in the long-term if Bitcoin begins to take over reserve currencies and challenge the gold market.

  

“We have all these currencies since Bretton Woods, fluctuating against each other, and maybe the dollar hasn’t gone to zero against these currencies but all of them have gone down 95 percent ... versus something that they can’t control like … gold and Bitcoin. So Bitcoin may be on its way to a million for all we know,” adds Byrne.

 

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11 weeks 2 days ago
 
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Stupid question icniff.

Say I bought a laptop online, top spec, and I paid $2000 for it with bitcoin.

I wake up next day. The laptop has a resale value of $1500, but the bitcoins I paid to buy it are now worth $2500. How can that be a viable currency?

I might as well pay with Fabergie eggs.

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11 weeks 1 day ago
 
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Another crypto to pay attention to: IOTA

Will I get more 'up' votes, if I mention 'I told  you so'? LOLOLOLOL 

 

IOTA:

 

alt coin IOTA 4Weekly chart technical analysis

 

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11 weeks 1 day ago
 
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Survey:

Ron Paul ✔@RonPaul 

A wealthy person wants to gift you $10,000. You get to choose in which form you'll take the gift. But there's a catch: You must keep the gift in the form that you choose, and you can't touch it for 10 years.

In which form would you take the gift?

11:38 PM - Dec 5, 2017 2%Federal Reserve Notes36%Gold54%Bitcoin8%

2% ...... Federal Reserve Notes

36% ...... Gold

54% ...... Bitcoin

8% ...... 10 Year US Treasury Bond

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10 weeks 6 days ago
 
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ZeroHedge:

 

"And finally, for those calling this a "bubble" - we would humbly suggest you ain't seen nothing yet ...."

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10 weeks 5 days ago
 
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http://www.dailymail.co.uk/news/article-5161765/Bitcoin-mining-causing-e...

Ha ha ha ha... You cant make this shit up.... Oh wait.. someone did.

For those that cant open the link, the Daily Fail has an expert that says bit coin mining will use more electricity by 2020 than we will have in 2020.

Bitcoin transactions are apparently driving man made climate change, which of course the daily mail says is a Chinese con. Each bitcoin transaction uses enough energy to power 5 houses for a week. Or something like that.

The bitcoin mines in China are well known about. That at least is an interesting part of the article. But saying they are in the polluted north prays on people having a subconscious memory of Maos 5th front. The bitcoin mines create the smog to hide the 5th front?

Sorry... it seems I have been infected by Icniffoculustituluscranium.

A very rare condition, where reading the words of icniff result in voices heard in the head.

I binged it. The doc has prescribed me beer

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10 weeks 5 days ago
 
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Jiggly story .... Bg cops in cooperation with Interpol sized some 200 000 BTC, which are worth today 18% of National debt ..... Eat yourself out surprise Greeks ....:

 

Bulgaria Government Shocked To Discover It Owns $3 Billion In Bitcoin

Bulgaria is holding 18% of the national debt in bitcoins... 

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10 weeks 4 days ago
 
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How Stock Market pro traders and software gurus see the latest Bitcoin run?

 

Following Mike Novogratz's earlier comments about the launch of Bitcoin futures,

  

“The market trades like it wants to go up, not down...

 

We are in a speculative mania and my sense is we are still fairly early.”

Infamous 'Black Swan' theorist and tail-risk-hedger, Nassim Nicholas Taleb has a warning for the 'no brainer' traders hoping to use Bitcoin futures to bet against the 'bubble'...

In his tweet, Taleb said,

  

No, there is NO way to properly short the bitcoin “bubble”. Any strategy that doesn’t entail options is nonergodic (subjected to blow up).Just as one couldn’t rule out 5K, then 10K, one can’t rule out 100K.”

Taleb's view was reinforced by Cybersecurity pioneer John McAfee in a tweet earlier saying:

  

Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the blockchain, or you did not care enough to try.

 

Bubbles are mathematically impossible in this new paradigm. So are corrections and all else.”

For now prices are holding gains... 

 

http://www.zerohedge.com/news/2017-12-11/cant-rule-out-100000-taleb-warn...

 

OP: .... or in other words, everybody is 'Hold'-ing, i.e. 'you aren't too late for an entry into cryptos! Last run was only the 1st inning ....'

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10 weeks 2 days ago
 
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Consider this c&p as freebee angel:

 

http://www.zerohedge.com/news/2017-12-15/bitcoin-surges-new-record-highs...

 

 

 

#1 Decentralized technology – where no one is “in charge” - can both create and hold trust. Recall that bitcoin launched in January 2009, in the depths of the Financial Crisis. US stocks would not bottom until March of that year, and at the time no one knew how – or if – the global financial system would survive. That sounds like hyperbole now; it wasn’t then.

 

Combine that vacuum of faith with the growth of mobile technology and high speed Internet around the world, and bitcoin was at the right place at the right time. Early adopters were a mélange of libertarians and tech nerds, each of whom saw their own reflection in the bitcoin mirror.

 

Bitcoin’s rise from there is similar to any FANG-y stock story. Global adoption of new technologies led to Facebook’s dominance in social, Google’s in search, and Apple’s in hardware/software. What is different with bitcoin is that it has no CEO, no board, and no proprietary physical assets. But that has proven to be a feature, not a bug. No one “needs” to be in charge… And that’s new and notable.

 

#2 Get out of your head. One thing I have noticed about Bitcoin’s most vocal naysayers: they are almost all wealthy westerners. They cannot imagine why the world needs a crypto currency backed by nothing but computer code and the faith of the masses. For them, steeped in the status quo, it simply makes no sense.

 

Personal story here: my parents fled the Cuban Revolution in 1960 with $200 and a suitcase. They weren’t allowed to take anything else, or transfer funds overseas. They arrived in New York with no place to live and no work. My mom didn’t speak English.

 

Step outside the safe confines of western democracies, and my parents’ history is a relevant and cautionary tale. Similar stories happen every day, across multiple continents. Of course there is intrinsic value in a decentralized store of value that governments cannot control or confiscate. To think otherwise is myopic.

 

#3 Have a Little Faith. Bitcoin and other crypto currencies are notoriously volatile, but few investors/traders seem to care. There is even an self-identifying moniker in crypto circles – HODLers (Hold On For Dear Life) – that captures this sentiment. Don’t sell on any dip, and add to your position if you can.

 

This confidence comes from a deep-seated faith, and it is something that equity investors in particular can learn from. A wise reader once told me, “The lows for US stocks in 2009 weren’t caused by people giving up on stocks – they were caused by people giving up on America”.

 

You’d think that after +70 years of consistent long-term value creation, US equities wouldn’t have to prove time and again that they are money-making investments, and America is a safe country in which to invest. Bitcoin’s rise shows such faith is possible; equities – and the US - have the track record to merit the same level of confidence.

 

#4 You never know where you will find the next Big Idea. We started looking at bitcoin in 2013 after reading about it on Zerohedge. Learning more meant studying the structure and uses of the Dark Web, boning up on computer-driven cryptography, and plowing through fringy tech websites.

 

In contrast, no large investment bank bothered with bitcoin. Financial news sites gave it a passing look when drug dealing website Silk Road was a thing, and when Japanese exchange Mt. Gox imploded.

 

Basically, the entire world missed the story. Too weird, too sketchy, too geeky, too.. strange. And in that is an important lesson: you need to go off the standard intellectual grid to make outsized returns. Some will pan out, and others won’t. But without any exposure, your returns are guaranteed to be zero.

 

#5 Imagination. There is an old Hindu saying that goes something like this: “From a drop a water, you should be able to imagine ice, steam, glaciers, rain, oceans, and waterfalls”.

 

Think back to when Amazon just sold books - their “Drop of water”. A few farsighted individuals could imagine everything that would come next. But not many. And certainly none of their competition had an inkling until it was too late.

 

Regardless of where crypto currency prices go, remember the water drop. The use cases so far have varied, from the illegal to the sketchy to the current popular trading craze.

 

All this is as powerful a cautionary tale as I can imagine. It echoes through the expansive challenge of equity investing even more than the narrow confines of crypto currencies. Technology writ large is a largely ungoverned force for societal change. It can engender high levels of trust very quickly, in the right framework.

 

What comes next for crypto currencies, we have no idea. But we know a drop of water when we see it.

We’ll close out with a quote from Bruce Lee, who in an alternative universe would have made a great investor: “You must be shapeless, formless, like water. When you pour water in a cup, it becomes the cup. When you pour water in a bottle, it becomes the bottle… Water can drip, and it can crash. Become like water, my friend.”

 

OP: I generally never suggest 'Buy' signal on any securities on bigger Boards, 'cause 'I am still learning .... he he', and I ain't certified trading advisor.

I talk about it only between few active trading buddies, but here I think, you should really have closer look into the cryptos investment.

 

BTC today at US$ 17689.00 .  +8.14%

Remember, last cryptos run was only the 1st inning ....

 

 

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9 weeks 5 days ago
 
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https://www.rt.com/news/413397-eu-targets-bitcoin-anonymity/

Crypto-crackdown: EU agrees on new rules to curb bitcoin anonymity

The EU is targeting bitcoin anonymity, saying the measure is needed to tackle tax evasion and other crimes. Anonymity of the cryptocurrency holders is a built-in feature that the EU hopes to undermine.
The new rules concerning cryptocurrency passed on Friday by the European Parliament and the European Council are part of a larger package, which also target prepaid cards and trust funds. The agreement is meant to be enshrined in legislation within 18 months by EU members.

Once they become law, the rules will require cryptocurrency exchange platforms and wallet providers to identify their clients. Identifying individuals and entities holding bitcoin and other digital currencies will presumably help to prevent tax evasion, money laundering and financing of terrorism.

cryptocurrency operates through a network of “nodes” that track and validate individual transactions through cryptography techniques. Possession of currency units is locked thanks to secret private digital keys while exchanges are made with a public key derived from them. A wallet is basically a collection of private keys needed to authorize a transfer of the currency. The protocol was designed to make wallet owners anonymous while transactions themselves are public and traceable.

The anonymity of bitcoin and other cryptocurrencies made them a useful tool for illicit activities, from the purchase of drugs and illegal firearms to hiding wealth from the authorities. Supporters of the system say its benefits as a decentralized method of payment independent from any government will outweigh its drawbacks in the long run.

Countries throughout the world have been seeking ways to rein in cryptocurrencies, which are becoming a mainstream financial instrument. In addition to the criminal overtones, regulators are concerned that cryptocurrency exchanges are not subject to the rules applied to more traditional financial platforms and are thus prone to manipulation and volatility.

The EU financial transparency agreement came after a year of negotiations. Some members of the union opposed some of the suggested measures like those exposing trust funds, fearing they would hurt their economies. Britain, Malta, Cyprus, Luxembourg and Ireland were among those concerned about the changes, according to EU officials involved in the deal.

READ MORE: Cryptocurrency market worth more than Warren Buffett’s Berkshire Hathaway, Facebook & ExxonMobil

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9 weeks 5 days ago
 
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Coal burner  under Gov's ass ....

 

Establishment Panic? G-20 To Discuss Bitcoin At Next Meeting

Considering the lengths to which the G-20 goes to "not discuss" Japan's burgeoning debt-to-GDP and monetization scheme, you know the elites are starting to panic when Germany backs France's call for a full discussion on the regulation of Bitcoin at their next G-20 meeting.

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9 weeks 1 day ago
 
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I ain't bumpin' , buTT ... this is funny:

 

Long Island Iced Tea Soars 500% After Changing Its Name To Long Blockchain

“We view advances in blockchain technology as a once-in-a-generation opportunity, and have made the decision to pivot our business strategy in order to pursue opportunities in this evolving industry..."

 

 

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