THE OVERTHROW OFWEIGHTS AND MEASURES IS CHAOS WEAPONIZED. 1. Bring and restore all mining under the People’s Treasury. 2. Bring all Human Energy (Labor) under the people’s Treasury. 3. Then issue overnight currency supply ballasted on current production, in accordance to the ancient law and root value of “Weights AND Measures.” 4. MINING, ballasted in Bonds, future production. 5. TAX-EXEMPTED CENTRAL BANKING SCHEME IS IMITATION CAPITALISM. 6.2022.7.26. RUSSIA/CHINA HEAD IN THIS DIRECTION!
Saturday, December 23, 2017
Friday, December 22, 2017
Gold, Yuan or Crypto: What Will Replace Dollar Hegemony?
Ron Paul On Bitcoin : "Our Problems Are Gigantic, People Are Desperate And Looking Everywhere"
=======================================
BITCOIN IS OVERPRICED IN RELATION TO OVER 40-OTHER ELECTRO CRYPTO MONEY. YOU CAN PICK UP BARGAINS WITH OTHER UNDERPRICED ELECTRO-CRYPTOS. POWER BASICS OF ELECTRO-CRYPTOS ARE WHICH MARKET THEY ARE HUGGING:
1. EQUITIES
2. STOCKS.
3. PAPER BULLION AND COMMODITIES.
4. MATTRESS BULLION.
5. CURRENCY & EXCHANGE.
6. BONDS+INTEREST+CASH.
7. INTERNATIONAL TRADE, TRADE, IMPORT, EXPORT, TRANSACTION. (OVER US$2-TRILLION) *
*DEFINITELY THE MOST IMPORTANT SHORT TERM LIQUIDITY , TURNOVER AND STABILITY.
COUNTER MEASURES BY THE EMIL WANTA-REAGAN-CIA SABOTEURS ARE A ROUND THE CLOCK THREAT.
UP TO 2017, THERE ARE OVER A THOUSAND CRYPTO CURRENCIES AND GROWING AT THE RATE OF A DOZEN, YEARLY. THERE MUST BE OVER A THOUSAND COMPETING ELECTRO-MONEY COINS.
BITCOIN IS NOT CRASHING. THERE IS A RUSH INTO CHEAPER OPTIONS. THIS IS GOOD AS IT DECENTRALISES BITCOIN’S PIONEERING, BEFORE IT SHOOTS PAST THE US$20, 000 MARK SOON. EVERY CITIZENS WITH AN ASSET HAS THE RIGHT TO ISSUE CURRENCIES. REMEMBER, THE FED AND CENTRAL BANKS HAVE NO WEIGHTED ASSETS TO BALLAST THEIR ZERO VALUE PAPER CURRENCIES. (2017.12.22.)
=======================================
BITCOIN IS OVERPRICED IN RELATION TO OVER 40-OTHER ELECTRO CRYPTO MONEY. YOU CAN PICK UP BARGAINS WITH OTHER UNDERPRICED ELECTRO-CRYPTOS. POWER BASICS OF ELECTRO-CRYPTOS ARE WHICH MARKET THEY ARE HUGGING:
1. EQUITIES
2. STOCKS.
3. PAPER BULLION AND COMMODITIES.
4. MATTRESS BULLION.
5. CURRENCY & EXCHANGE.
6. BONDS+INTEREST+CASH.
7. INTERNATIONAL TRADE, TRADE, IMPORT, EXPORT, TRANSACTION. (OVER US$2-TRILLION
*DEFINITELY THE MOST IMPORTANT SHORT TERM LIQUIDITY
COUNTER MEASURES BY THE EMIL WANTA-REAGAN-CIA SABOTEURS ARE A ROUND THE CLOCK THREAT.
UP TO 2017, THERE ARE OVER A THOUSAND CRYPTO CURRENCIES AND GROWING AT THE RATE OF A DOZEN, YEARLY. THERE MUST BE OVER A THOUSAND COMPETING ELECTRO-MONEY COINS.
BITCOIN IS NOT CRASHING. THERE IS A RUSH INTO CHEAPER OPTIONS. THIS IS GOOD AS IT DECENTRALISES BITCOIN’S PIONEERING, BEFORE IT SHOOTS PAST THE US$20
Remy: Bitcoin Billionaire
Ron Paul On Bitcoin : "Our Problems Are Gigantic, People Are Desperate And Looking Everywhere"
=======================================
BITCOIN IS OVERPRICED IN RELATION TO OVER 40-OTHER ELECTRO CRYPTO MONEY. YOU CAN PICK UP BARGAINS WITH OTHER UNDERPRICED ELECTRO-CRYPTOS. POWER BASICS OF ELECTRO-CRYPTOS ARE WHICH MARKET THEY ARE HUGGING:
1. EQUITIES
2. STOCKS.
3. PAPER BULLION AND COMMODITIES.
4. MATTRESS BULLION.
5. CURRENCY & EXCHANGE.
6. BONDS+INTEREST+CASH.
7. INTERNATIONAL TRADE, TRADE, IMPORT, EXPORT, TRANSACTION. (OVER US$2-TRILLION) *
*DEFINITELY THE MOST IMPORTANT SHORT TERM LIQUIDITY , TURNOVER AND STABILITY.
COUNTER MEASURES BY THE EMIL WANTA-REAGAN-CIA SABOTEURS ARE A ROUND THE CLOCK THREAT.
UP TO 2017, THERE ARE OVER 40-ELECTRO-CRYPTO CURRENCIES AND GROWING AT THE RATE OF 2-PER YEAR. TO BE SUSTAINABLE, THERE MUST BE OVER A THOUSAND COMPETING ELECTRO-MONEY COINS.
BITCOIN IS NOT CRASHING. THERE IS A RUSH INTO CHEAPER OPTIONS. THIS IS GOOD AS IT DECENTRALISES BITCOIN’S PIONEERING, BEFORE IT SHOOTS PAST THE US$20, 000 MARK SOON. EVERY CITIZENS WITH AN ASSET HAS THE RIGHT TO ISSUE CURRENCIES. REMEMBER, THE FED AND CENTRAL BANKS HAVE NO WEIGHTED ASSETS TO BALLAST THEIR ZERO VALUE PAPER CURRENCIES. (2017.12.22.)
=======================================
Tyler Durden's picture
by Tyler Durden
Dec 22, 2017 1:50 PM
29
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Ahead of last night's collapse incryptocurrencies , Ron Paul warned CNBC viewers that they had become an asset thatrivals the bubble he sees in stocks...
"I think it's going to continue to do exactly what it's doing. It's going higher and it's going lower," he said Tuesday on CNBC's 'Futures Now'.
"We can look at what's happening now, which to me is a climactic end of QEs."
As CNBC details, Paul, who has done commercials touting currency competition for a company that benefits frombitcoin's rise, views the crypto craze as a side effect of central banks doing several rounds of quantitative easing to cope with the last financial crisis.
"I look at the problems we face. I think they're gigantic and people are desperate and looking everywhere. Why would they buy bonds that pay negative interest rates? Why would they buy stocks, and say well this time it's different? "asked Paul.
"Cryptocurrency is a reflection of the disaster of the monetary dollar system."
The former Republican presidential candidate, argues thatcryptocurrencies are in an "exponential bubble" where trying to calculate its real value is extremely difficult.
Bitcoin , the largest of the cryptocurrencies , had traded to almost $20,000 before crashing into the $12,000s overnight...
He hasn't been able to pinpoint when a plunge could happen incryptocurrencies or the stock market. But Paul says the danger is real.
"They're both big bubbles in the sense that it occurred because there was excessive credit. But if you look at the curves, I think that thecryptocurrency curve looks more threatening," Paul said.
+++++++++++++++++++++++++++++++++++++++++++++++++
Crypto-Carnage: Bitcoin 'Stabilizes' Around $13,000As Exchanges 'Break'
Tyler Durden's picture
by Tyler Durden
Dec 22, 2017 1:00 PM
679
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Update 1300ET: Bitcoin prices have somewhat stabilized for now around $13,000...
* * *
Update 1245ET: GDAX is down...
* * *
Update 1220ET: Mike Novogratz has shelved plans to launch his fund, warning that: "We didn’t like market conditions and we wanted to re-evaluate what we’re doing... I look pretty smart pressing the pause button right now."
Warning traders that Bitcoin may drop as low as $8,000 in the near-term...but the bull market isn't over.
Bitcoin prices are higher since his announcement...
Trending Articles
Is California Already In Recession?
By When it comes to the health of his state's economy, California Governor Jerry Brown has been this year.
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* * *
Update 1202ET: Coinbase is down...
* * *
Update 1045ET: Andrew Left of Citron Research has covered his GBTC (Bitcoin Trust) short.. as the arbitrage spread to futures has roundtripped ...
* * *
Update 1025ET:Bitcoin Futures have resumed trading and the BTFD'ers are in control - ramping Bitcoin back above $13,000 from near $10,000 lows...
* * *
Update: 0950ET - CME'sBitcoin Futures Contract was halted limit-down (down 20%) at $12,265 at 0945ET...
* * *
Following the most aggressive drop in Bitcoin in almost three years (plunging 37% from its highs in 5 days)...Bitcoin is now down over $9000 from its highs...
Back to a $10,000 handle...
And then it was suddenly ripped $2000 higher...
Every bounce is sold...
However, today's collapse isn’t even particularly eye-catching on a logarithmic scale, used to comparerelative percentage -point sizes of moves.
At least three times since 2010, the first year for which Bloomberg prices are available,bitcoin has retreated more than 70 percent from record highs. Caveat emptor.
Surveying the damage this morning is nothing short of a bloodbath...
Source
If one looks carefully, one can find a few glints of green - Tether, NXT, Komodo,Bitcoin Dark, and SmartCash but they are all microcap .
Futures and spot fell together with variouscircuit -breakers kicking in...
Some have argued that this was a key technical breakdown of the exponential uptrend...
These kind of drops are not entirely unusual, Bitcoin has crashed by over 30% in every quarter since its inception...
In fact, drawdowns are very much business as usual...
As Reuters notes, for the week, it was down around a third - its worst performance since April 2013.
“A manic upward swing led by the herd will be followed by a downturn as the emotional sentiment changes,” said Charles Hayter, founder and chief executive of industry website Cryptocompare in London.
“A lot of traders have been waiting for this large correction.”
“With the end of the year in sight a lot of investors will be taking profits and saying thank you very much and closing their books for the holiday period,” he added.
Ethereum is also getting crushed...
Interestingly, Ripple, the third-biggest, has more than quadrupled in price since Monday.
“A lot of the capital is flowing frombitcoin into alternative coins,” said Shane Chanel, equities and derivatives adviser at ASR Wealth Advisers in Sydney.
But it's not just the underlyingcryptocurrencies that are bloodbathing . Various companies that have changed their names in recent days/weeks to try and capitalize on crypto's rise are in trouble this morning...
RiotBlockchain , Long Island Iced Tea (Blockchain ), Net Element, and LongFin are all crashing in pre-market...
... Meanwhile, the newly christened Long Blockchain revealed in an SEC filing on Friday that it had secured a new loan agreement with Court Cavendish, a lender trying to expand its technology portfolio, according to the filing. The company received a $2 million loan, with the option of increasing it to $4 million with the consent of the lender.
The loan is secured with warrants...
Charley Grant
✔
@CGrantWSJ
Long Blockchain, née Long Island Iced Tea Corp, has a new loan with some, uh, interesting terms: https://www.sec.gov/Archives/edgar/data/1629261/000149315217014968/form8-k.htm …
11:17 AM - Dec 22, 2017
6 6 Replies 4 4 Retweets 30 30 likes
Twitter Ads info and privacy
Stephen Innes, head of trading in Asia-Pacific for retail FX broker Oanda in Singapore, said that there have also been moves out of bitcoin into Bitcoin Cash, a clone of the original cryptocurrency. Oanda does not handle trading in bitcoin.
“Most of it is unsophisticated retail traders getting burned badly,” Innes said on bitcoin’s recent retreat.
Finally, many are noting the recoupling ion the relationship between Bitcoin and Gold...
Which comes first? Bitcoin $10k or Gold $1300?
==============================================
Friday Humor: The Bitcoin Billionaire
Tyler Durden's picture
by Tyler Durden
Dec 22, 2017 3:30 PM
3
SHARES
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We suspect a few crypto 'millionaires' are crying in their milk somewhat tonight. We hope this helps...
I was broke, unemployed, I was starting to slouch
I was sleeping in the basement on my momma's new couch
That's when I heard it all, a chance to skirt it all
a money like my last girl
Completely virtual...
Got the top graphics cards, got a power supply
a microprocesser, a motherboard, a towering drive
I put the RAM in the RAM slot, drive in the larger bay
topped it off, two fans
Like a Chargers game!
Price spike to $30!? I missed out, I fear
crudely assemble a rig like a BP engineer
My friends and family smile and smirk and all make fun of me
But I'm-a make them eat their words because I'm gonna be a
Bitcoin Billionaire
Spending money like I don't care
Mining coin in my underwear
I'm gonna be a Bitcoin Billionaire
Selecting software and reading the notes
I'm picking out my favorite miners like a Penn State coach
Pick me a digital wallet for holding all my amounts
read up on the all the ways to open lots of accounts
I feel like Tom Brady, I got a fear of inflation
But this is crypto, baby--central bank decentralization
The script I flipped it, laptop encrypted
My life was rotten now all my cotton's Egypt-ed
Now even on my vacation I'm crypto-supplying
They call me gentrification the way I'm block-modifying
Friends asking "what's the best part of your newfound treasury?"
I say "reminding you how you told me I'd never be a…
Bitcoin Billionaire
Spending money like I don't care
Flash drives in their underwear
Now that I'm a Bitcoin Billionaire
The cash was never-ending, yo
upscale and fun and rowdy
I was spending like a 7 on a
scale from 1 to Saudi
Call it mad bankin', all night and all weekend
My rig is Al Franken:
(grabs what it can while you sleepin')
Just try outspending me and you'll see I'm on a mission
I drop more Satoshis than a clumsy Japanese obstetrician
But I ain't open to splits, don't care if it's best or not
Opposing forks like a Chinese restaurant
I went from geek to chic, from basic to ASIC
I went from basement-squatting to yachting from basin to basin
Went from no friends and depression to peer-to-peer legend
Bitcoin Billionaire
Spending money like I don't care
Then one day there was a solar flare...
I was a Bitcoin Billionaire
Spending money like I don't care
Now I just pawned my underwear
Used to be a Bitcoin Billionaire.
=======================================
BITCOIN IS OVERPRICED IN RELATION TO OVER 40-OTHER ELECTRO CRYPTO MONEY. YOU CAN PICK UP BARGAINS WITH OTHER UNDERPRICED ELECTRO-CRYPTOS. POWER BASICS OF ELECTRO-CRYPTOS ARE WHICH MARKET THEY ARE HUGGING:
1. EQUITIES
2. STOCKS.
3. PAPER BULLION AND COMMODITIES.
4. MATTRESS BULLION.
5. CURRENCY & EXCHANGE.
6. BONDS+INTEREST+CASH.
7. INTERNATIONAL TRADE, TRADE, IMPORT, EXPORT, TRANSACTION. (OVER US$2-TRILLION
*DEFINITELY THE MOST IMPORTANT SHORT TERM LIQUIDITY
COUNTER MEASURES BY THE EMIL WANTA-REAGAN-CIA SABOTEURS ARE A ROUND THE CLOCK THREAT.
UP TO 2017, THERE ARE OVER 40-ELECTRO-CRYPTO CURRENCIES AND GROWING AT THE RATE OF 2-PER YEAR. TO BE SUSTAINABLE, THERE MUST BE OVER A THOUSAND COMPETING ELECTRO-MONEY COINS.
BITCOIN IS NOT CRASHING. THERE IS A RUSH INTO CHEAPER OPTIONS. THIS IS GOOD AS IT DECENTRALISES BITCOIN’S PIONEERING, BEFORE IT SHOOTS PAST THE US$20
=======================================
Tyler Durden's picture
by Tyler Durden
Dec 22, 2017 1:50 PM
29
SHARES
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Ahead of last night's collapse in
"I think it's going to continue to do exactly what it's doing. It's going higher and it's going lower," he said Tuesday on CNBC's 'Futures Now'.
"We can look at what's happening now, which to me is a climactic end of QEs."
As CNBC details, Paul, who has done commercials touting currency competition for a company that benefits from
"I look at the problems we face. I think they're gigantic and people are desperate and looking everywhere. Why would they buy bonds that pay negative interest rates? Why would they buy stocks, and say well this time it's different? "
"
The former Republican presidential candidate, argues that
He hasn't been able to pinpoint when a plunge could happen in
"They're both big bubbles in the sense that it occurred because there was excessive credit. But if you look at the curves, I think that the
+++++++++++++++++++++++++++++++++++++++++++++++++
Crypto-Carnage: Bitcoin 'Stabilizes' Around $13,000
Tyler Durden's picture
by Tyler Durden
Dec 22, 2017 1:00 PM
679
SHARES
TwitterFacebookReddit
Update 1300ET: Bitcoin prices have somewhat stabilized for now around $13,000...
* * *
Update 1245ET: GDAX is down...
* * *
Update 1220ET: Mike Novogratz has shelved plans to launch his fund, warning that: "We didn’t like market conditions and we wanted to re-evaluate what we’re doing
Warning traders that Bitcoin may drop as low as $8,000 in the near-term...
Trending Articles
Is California Already In Recession?
By When it comes to the health of his state's economy, California Governor Jerry Brown has been this year.
Powered By
* * *
Update 1202ET: Coinbase is down...
* * *
Update 1045ET: Andrew Left of Citron Research has covered his GBTC (
* * *
Update 1025ET:
* * *
Update: 0950ET - CME's
* * *
Following the most aggressive drop in Bitcoin in almost three years (plunging 37% from its highs in 5 days)...
Back to a $10,000 handle...
And then it was suddenly ripped $2000 higher...
Every bounce is sold...
However, today's collapse isn’t even particularly eye-catching on a logarithmic scale, used to compare
At least three times since 2010, the first year for which Bloomberg prices are available,
Surveying the damage this morning is nothing short of a bloodbath...
Source
If one looks carefully, one can find a few glints of green - Tether, NXT, Komodo,
Futures and spot fell together with various
Some have argued that this was a key technical breakdown of the exponential uptrend...
These kind of drops are not entirely unusual, Bitcoin has crashed by over 30% in every quarter since its inception...
In fact, drawdowns are very much business as usual...
As Reuters notes, for the week, it was down around a third - its worst performance since April 2013.
“A manic upward swing led by the herd will be followed by a downturn as the emotional sentiment changes,” said Charles Hayter, founder and chief executive of industry website Cryptocompare in London.
“A lot of traders have been waiting for this large correction.”
“With the end of the year in sight a lot of investors will be taking profits and saying thank you very much and closing their books for the holiday period,” he added.
Interestingly, Ripple, the third-biggest, has more than quadrupled in price since Monday.
“A lot of the capital is flowing from
But it's not just the underlying
Riot
The loan is secured with warrants...
Charley Grant
✔
@CGrantWSJ
Long Blockchain, née Long Island Iced Tea Corp, has a new loan with some, uh, interesting terms: https://www.sec.gov/Archives/edgar/data/1629261/000149315217014968/form8-k.htm …
11:17 AM - Dec 22, 2017
6 6 Replies 4 4 Retweets 30 30 likes
Twitter Ads info and privacy
Stephen Innes, head of trading in Asia-Pacific for retail FX broker Oanda in Singapore, said that there have also been moves out of bitcoin into Bitcoin Cash, a clone of the original cryptocurrency. Oanda does not handle trading in bitcoin.
“Most of it is unsophisticated retail traders getting burned badly,” Innes said on bitcoin’s recent retreat.
Finally, many are noting the recoupling ion the relationship between Bitcoin and Gold...
Which comes first? Bitcoin $10k or Gold $1300?
==============================================
Friday Humor: The Bitcoin Billionaire
Tyler Durden's picture
by Tyler Durden
Dec 22, 2017 3:30 PM
3
SHARES
TwitterFacebookReddit
We suspect a few crypto 'millionaires' are crying in their milk somewhat tonight. We hope this helps...
I was broke, unemployed, I was starting to slouch
I was sleeping in the basement on my momma's new couch
That's when I heard it all, a chance to skirt it all
a money like my last girl
Completely virtual...
Got the top graphics cards, got a power supply
a microprocesser, a motherboard, a towering drive
I put the RAM in the RAM slot, drive in the larger bay
topped it off, two fans
Like a Chargers game!
Price spike to $30!? I missed out, I fear
crudely assemble a rig like a BP engineer
My friends and family smile and smirk and all make fun of me
But I'm-a make them eat their words because I'm gonna be a
Bitcoin Billionaire
Spending money like I don't care
Mining coin in my underwear
I'm gonna be a Bitcoin Billionaire
Selecting software and reading the notes
I'm picking out my favorite miners like a Penn State coach
Pick me a digital wallet for holding all my amounts
read up on the all the ways to open lots of accounts
I feel like Tom Brady, I got a fear of inflation
But this is crypto, baby--central bank decentralization
The script I flipped it, laptop encrypted
My life was rotten now all my cotton's Egypt-ed
Now even on my vacation I'm crypto-supplying
They call me gentrification the way I'm block-modifying
Friends asking "what's the best part of your newfound treasury?"
I say "reminding you how you told me I'd never be a…
Bitcoin Billionaire
Spending money like I don't care
Flash drives in their underwear
Now that I'm a Bitcoin Billionaire
The cash was never-ending, yo
upscale and fun and rowdy
I was spending like a 7 on a
scale from 1 to Saudi
Call it mad bankin', all night and all weekend
My rig is Al Franken:
(grabs what it can while you sleepin')
Just try outspending me and you'll see I'm on a mission
I drop more Satoshis than a clumsy Japanese obstetrician
But I ain't open to splits, don't care if it's best or not
Opposing forks like a Chinese restaurant
I went from geek to chic, from basic to ASIC
I went from basement-squatting to yachting from basin to basin
Went from no friends and depression to peer-to-peer legend
Bitcoin Billionaire
Spending money like I don't care
Then one day there was a solar flare...
I was a Bitcoin Billionaire
Spending money like I don't care
Now I just pawned my underwear
Used to be a Bitcoin Billionaire.
Monday, December 18, 2017
Longfin's First Trade Celebration at NASDAQ on December 13' 2017
Up Over 2000% In 2 Days - Meet The Big-Data, AI, Blockchain , FinTech Mania Stock Of The Year
Dec 18, 2017 11:50 AM
Update: Well that escalated quickly...
The stock is now up over 500% today and has been halted numerous times...
* * *
Having closed last Thursday on its IPO-day at $5.38, news of the acquisition of Ziddu - a blockchain solutions provider (whatever that means in the real world) - LongFin has since exploded to $44.80 in today's pre-market... up 730% in 2 days.
Remember LongFin? an independent finance and technology company. The Company offers commodity trading, alternate risk transfer, and carry trade financing services. LongFin also provides hedging and risk management solutions to importers, exporters, and small medium business enterprises. LongFin serves customers worldwide.
As iBankCoin notes, it has all of the trimmings of wanton degeneracy on an industrial scale.
- Recent IPO: check
- Small float: check
- Shady as heck: check
- AI company: check
a day after coming public, they announce the purchase of ablockchain company: check
* * *
On Thursday Dec 14th, LongFin launched as a FinTech company that helped with FX hedging (and slipped from its post-IPO open price to close lower)
US-based Longfin Corp., a Fintech company providing Finance and foreign exchange hedging solutionsto importers and exporters and SMEs, started trading onNasdaq from today.
According to a statement issued by Longfin, its Low Latency Network is connected to multiple exchanges and banks across the regions to provide the cheapest Forex hedging and low-cost financing to small and medium-size importers and exporters across the globe.Longfin Founder Venkata S.Meenavalli said, "We are the first Asian Entrepreneur promoted Reg A+ company under JOBS Act, to list its shares directly inNasdaq and the second Indian entrepreneur promoted company to list directlyin the Nasdaq since 2010"
Saturday, December 16, 2017
There Are Cracks In The Global Economy & It Will Only End One Way:Claudi...
- BITCOIN UP TO US$19
, 000. - LABOR MARKET IN JAPAN SEES ELECTRO-CRYPTOS.
- ELECTRO-CRYPTO MARKET CAP @560-BILLION.
$19,000: Bitcoin Hits New All Time High After Burst Of Asian Buying; Bigger Than Wells, Wal-Mart
Dec 16, 2017 11:06 AM
Having traded in a relatively narrow - for bitcoin - range of $16,500-$17,500 over the past week, the world's most popular cryptocurrency jumped to new all time highs following the latest (unexplained) burst of buying out of Asia, with another Saturday surge in volumes emerging out of Japan and Korea.
As a result of the latest push higher, the market cap of bitcoin is now over $318 Billion; to fund the bitcoin spree, Ethereum, Litcoin and various other cryptos have seen some modest liquidation, and have not enjoyed Bitcoin's latest dramatic ascent.
As of Saturday morning, the total crypto space market cap surpassed half a trillion, and was above $560 billion at last check.
Trending Articles
What Bitcoin "Deserves"
I will preface this by saying I don't have a dog in this fight. Whether Bitcoin plummets to its intrinsic value of …
Following Saturday's surge, Bitcoin's YTD return is approaching 20x, while ethereum remains the best performing major crypto, up more than 70-fold YTD.
Also, for those keeping track, Bitcoin's market cap is now greater than Bank of America at $302 billion, as well as Wells Fargo ($295BN), Wal-Mart ($288BN), and Visa ($257BN). It is rapidly approaching Exxon at $352BN, but the real target is JPMorgan, whose $368BN market cap is now less than $50BN away.
While bitcoin has added more 30% to its value in the past week, trading has been slightly calmer than the wild price swings the market has seen in recent weeks, with volatility lower since the launch of bitcoin futures from Cboe Global Markets on Sunday. Market-watchers said bitcoin’s price was being lifted by the launch of rival CME Group’s bitcoin futures contracts on Sunday.
“The hope (is) that futures signal the unlocking of institutional money into the digital arena and (that there will be) a rapid demand increase and ratification of the technology and its principles,” said Charles Hayter, founder of industry website Cryptocompare.
Still, outside of the crypto market, worries continue to grow about the amount of money piling into the space with the most vocal critics being those who have so far missed the entire move. Chief among them is A study by Anglia Ruskin University, Trinity College Dublin and Dublin City University released on Friday said bitcoin could pose a threat to the financial stability of traditional currencies and markets, something which Janet Yellen denied earlier this week.
“Our evidence finds that the price of Bitcoin has been artificially inflated by speculative investment, putting it in a bubble,” said Larisa Yarovaya, one of the report’s authors and a lecturer at Anglia Ruskin University. “Although bitcoin is not regulated by governments, it could still have a knock-on effect on traditional markets due to the interconnectedness of cryptocurrency markets with other financial assets.”
Well, of course bitcoin is a bubble: as we first showed last week, it's now officially the biggest bubble in history, surpassing the "Tulip Mania" of the 17th century:
The problem is that everything else is also a bubble. And as Stanely Druckenmiller said last week, until the "everything bubble" bursts, bitcoin is safe. The problem is that if and when the "everything bubble" does burst, it would most likely result in war as trillions in artificial "wealth effect" are wiped out; in this context what happens to bitcoin would be irrelevant.
Meanwhile, for those who missed it, last week Deutsche Bank laid out who it believes is behind the relentless and dramatic surge in bitcoin :
An 11 December Nikkei report stated that 40% ofcryptocurrency trading in Oct-Nov was yen-denominated. Japanese traders have reportedly come to account for nearly half ofcryptocurrency trading since China started to shut downcryptocurrency exchanges, and this is said to be widely known among industry insiders (various estimates exist). Japanese men in their 30s and 40s who are engaged in leveraged FX trading (or who used totrade but have stopped) are driving thecryptocurrency market.
So is "Mr. Watanabe' proving more powerful than all the world's central and commercial banks, and most of the world's establishment economists, all soo desperate to shut down the "bitcoin bubble" to preserve faith in fiat currencies and traditional equity investments? Juding by the now daily record highs in the cryptocurrency , the answer - for now - is a resounding yes, which is clearly a benefit for all those who are still long the crypto such as these guy ...
This may be the most San Franciscothing I have ever seen.
This may be the most San Franciscothing I have ever seen. pic.twitter.com/rU4RYNuTVg
San Diego has one too pic.twitter.com/ZmAlRECF2w
This may be the most San Franciscothing I have ever seen. pic.twitter.com/rU4RYNuTVg
THE 770-YEAR OLD |
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Another Crypto Milestone: Japanese Company Offers To Pay Employees In |
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http://www.zerohedge.com/news/2017-12-15/another-crypto-milestone- |
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THE 770-YEAR OLD PAPER EMPIRE IS ON |
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WELLCOME PLANET EARTH TO THE |
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REALTY, HOUSING, LANDOWNERS (RENTS) ARE SHEDDING PHYSICAL |
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MATTRESS GOLD VERSUS |
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THE AVATAR, THE INVERTED CHAKRA |
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THE ELECTRO-CRYPTO CURRENCIES ARE |
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FREE CURRENCY+TRADE+BARTER LIKE |
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THE ANCIENT AND SIMPLE SOLUTION TO |
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THE BATTLE RAGES. THE DAY OF |
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THE |
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