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Bitcoin: Where does it go from here?

Posted by Grow Your Bitcoin, Get Free BTC on 10.24.2013 Label: , , , , , , , , , , ,
china - Hello friend Grow Your Bitcoin, Get Free BTC, In the article you read this time with the title china, we have prepared well for this article you read and take of information therein. hopefully fill posts Artikel baidu, Artikel Bitcoin, Artikel BTC, Artikel china, Artikel cryptocurrency, Artikel dollar, Artikel duolingo, Artikel electronic money, Artikel fiat money, Artikel litecoin, Artikel ltc, Artikel us dollar, we write this you can understand. Well, happy reading.

Title : Bitcoin: Where does it go from here?
link : Bitcoin: Where does it go from here?

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So you've heard about Bitcoins. Since its boom in April 2013, Bitcoins have garnered immense media attention and continued to show impressive strength, rising steadily and finally breaking the $200 psychological barrier today. Even the recent Silk Road closure couldn't dampen the demand for Bitcoins, as prices continued to rally after Baidu (the Google of China) announced its acceptance of Bitcoins as a payment mode.
The popularity of Bitcoins can be attributed to two characteristics of the currency; it is decentralized, and there is a finite amount of bitcoins that can be mined. As such, Bitcoins are very often said to be similar to be Gold. These two characteristics can be said to give Bitcoins their perceived value.
However, the question on everyone's mind is, what gives Bitcoins their intrinsic value (See a Reddit discussion on Bitcoin's intrinsic value here)? As a relatively new commodity that is still in its infancy stage, there have been attempts by a large number of parties to predict it's price, and to reason its market fluctuations with existing Economic theories. However, in attempting to analyse the Cryptocurrency market, we must keep in mind its infancy, and hence the significance of non-economic factors. The real problem is not what the price will be, but whether or not Bitcoin will even be here in five, ten years from now. The question we should be asking then, should be, what factors determine the viability of Bitcoins as an alternative currency?
In my opinion, the most important factor driving the demand of Bitcoins is its adoption by corporations. Basically, the more companies accept Bitcoins as payment for products and services, the better it will be for Bitcoin's future. However, this can turn into a chicken-and-egg issue, because corporations will never consider transacting in Bitcoins because of its instability. Until Bitcoins find a stable price, it is highly unlikely that this will happen. As MeldrumLaw pointed out in this Reddit discussion, "Bitcoin needs to stabilize (or all fiat alternatives need to simultaneously collapse) before widespread commercial adoption occurs."
It is true that Bitcoins have no intrinsic value, in the numismatic sense. Yes, Bitcoins solve some algorithmic problems through the mining process. However, these computations do not generate any kind of useful data, or solve any real life problems; there is a lack of "useful" input/output in solving alogorithms. Cryptocurrency needs to be more "useful" and solve a problem, in the same way that Duolingo translates the web while allowing users to learn a new language. With this in mind, I believe that a new cryptocurrency will emerge and overshadow Bitcoin, that actually solves a real world problem or generate useful data from all the computational data used. Imagine what could happen if Google is currently working on their own decentralized cryptocurrency?
Bitcoin prices skyrocketed during the financial crisis in Cyrpus as a result of people's distrust in FIAT currency and an increasing demand for an ungoverned and limited alternative.  Coupled with the large (and growing) number of services built around Bitcoins, I believe that Bitcoins, or at least Cryptocurrencies, will be here to stay for good.
In my next article, I'll be talking about alternative cryptocurrencies, and why Litecoins are a good buy right now. Stay tuned!
Related articles
Liked my Content? Donate Bitcoins

So you've heard about Bitcoins. Since its boom in April 2013, Bitcoins have garnered immense media attention and continued to show impressive strength, rising steadily and finally breaking the $200 psychological barrier today. Even the recent Silk Road closure couldn't dampen the demand for Bitcoins, as prices continued to rally after Baidu (the Google of China) announced its acceptance of Bitcoins as a payment mode.
The popularity of Bitcoins can be attributed to two characteristics of the currency; it is decentralized, and there is a finite amount of bitcoins that can be mined. As such, Bitcoins are very often said to be similar to be Gold. These two characteristics can be said to give Bitcoins their perceived value.
However, the question on everyone's mind is, what gives Bitcoins their intrinsic value (See a Reddit discussion on Bitcoin's intrinsic value here)? As a relatively new commodity that is still in its infancy stage, there have been attempts by a large number of parties to predict it's price, and to reason its market fluctuations with existing Economic theories. However, in attempting to analyse the Cryptocurrency market, we must keep in mind its infancy, and hence the significance of non-economic factors. The real problem is not what the price will be, but whether or not Bitcoin will even be here in five, ten years from now. The question we should be asking then, should be, what factors determine the viability of Bitcoins as an alternative currency?
In my opinion, the most important factor driving the demand of Bitcoins is its adoption by corporations. Basically, the more companies accept Bitcoins as payment for products and services, the better it will be for Bitcoin's future. However, this can turn into a chicken-and-egg issue, because corporations will never consider transacting in Bitcoins because of its instability. Until Bitcoins find a stable price, it is highly unlikely that this will happen. As MeldrumLaw pointed out in this Reddit discussion, "Bitcoin needs to stabilize (or all fiat alternatives need to simultaneously collapse) before widespread commercial adoption occurs."
It is true that Bitcoins have no intrinsic value, in the numismatic sense. Yes, Bitcoins solve some algorithmic problems through the mining process. However, these computations do not generate any kind of useful data, or solve any real life problems; there is a lack of "useful" input/output in solving alogorithms. Cryptocurrency needs to be more "useful" and solve a problem, in the same way that Duolingo translates the web while allowing users to learn a new language. With this in mind, I believe that a new cryptocurrency will emerge and overshadow Bitcoin, that actually solves a real world problem or generate useful data from all the computational data used. Imagine what could happen if Google is currently working on their own decentralized cryptocurrency?
Bitcoin prices skyrocketed during the financial crisis in Cyrpus as a result of people's distrust in FIAT currency and an increasing demand for an ungoverned and limited alternative.  Coupled with the large (and growing) number of services built around Bitcoins, I believe that Bitcoins, or at least Cryptocurrencies, will be here to stay for good.
In my next article, I'll be talking about alternative cryptocurrencies, and why Litecoins are a good buy right now. Stay tuned!
Related articles
Liked my Content? Donate Bitcoins

US Dollar Collapse Imminent, where is the safe haven?

Posted by Grow Your Bitcoin, Get Free BTC on 10.08.2013 Label: , , , , , , , , , , , , , ,
china - Hello friend Grow Your Bitcoin, Get Free BTC, In the article you read this time with the title china, we have prepared well for this article you read and take of information therein. hopefully fill posts Artikel Bitcoin, Artikel china, Artikel collapse, Artikel cyprus, Artikel dollar, Artikel economic crisis, Artikel economy, Artikel federal reserve, Artikel fiat, Artikel fiat money, Artikel gold, Artikel jeff berwick, Artikel silver, Artikel united states, Artikel united states dollar, we write this you can understand. Well, happy reading.

Title : US Dollar Collapse Imminent, where is the safe haven?
link : US Dollar Collapse Imminent, where is the safe haven?

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china

Jeff Berwick is a Canadian entrepreneur, economics, finance, and investment writer, and libertarian and anarcho-capitalist activist. He believes that we are going through a significant market shift. He goes on to say that the excessive printing of money will lead to hyperinflation, and adds, this is exactly what the Federal Reserve is doing now. They have been printing 10% of the money every year, for the last 5 years. He believes that the economic (US dollar and Stock markets) collpase is imminent, and that we should look towards alternate forms of wealth such as Gold or Bitcoins.
Bitcoin, the first free-market non-localized private money, is seen as a great threat to the Government's monopoly of money. However, the recent economic collapses in smaller regions (think Cyprus), have spurred the rise of Bitcoin and its non-centrality as an alternative to the FIAT currency.

Dan Popescu, a global markets strategist and gold expert, shares his thoughts about Gold and China. He talks about a 'black swan event' that is at our doorstep and how that can make the price of gold 'explode' in a day. Gold is important because it is a "hard currency" that has value, as opposed to the FIAT currency which is not backed by anything.
China is a major buyer of gold, and their strategy is to gather a large deposit of gold to be able to properly back up their currency, unlike any other currency now. If the Chinese can successfully back up their currency with gold, they will be able to give credibility to their currency.
The world is becoming increasingly dissatisfied with the current system. He believes, within the next 3 to 5 years, that "we'll have a currency crisis with a new international monetary system, and gold will defnitely be part of it." Gold will shoot up in a shock, surprise move, and he "won't be surprised" if gold goes above US$2000/oz within a year.

Another video also highlights that 90% of market movement will come in the last 10% of time. Click here to watch the full video: Silver - 90% of the move comes in the last 10% of the time
Last video I want to share with you is from Ned Goodman. Ned is a Canadian billionaire with a unique perspective on the world economy. He starts off in the video by saying that "the dollar is about to be dethroned as the world's de facto currency".
He justifies his claim by explaining how the US dollar is backed by nothing, but still has a strong power in the world, because all oil in the middle east is traded with US dollars. That is how the dollar got to where it is today. However, China has recently made deals with Russia to buy oil in Chinese Yuan (RMB), opening the path to international partnership between these two big players. It was also obvious from the tension in Syria, that China and Russia are on the same side. We are heading into a period of "stag-flation" as the Federal Reserve loses its power to print money at will.
We buy things to protect our future purchase power. To continue doing so today, he emphasizes the need to start buying hard assets.

For those of you who are still unsure about what FIAT currency means, or how the US dollar is not backed by anything, I'll end of with one of my favourite videos that very aptly answers these questions.
Or watch it on YouTube: When Will The Economy Collapse?


Thank you for reading, and I hope you gained some value from this post. Be safe and all the best!

Related articles

Jeff Berwick is a Canadian entrepreneur, economics, finance, and investment writer, and libertarian and anarcho-capitalist activist. He believes that we are going through a significant market shift. He goes on to say that the excessive printing of money will lead to hyperinflation, and adds, this is exactly what the Federal Reserve is doing now. They have been printing 10% of the money every year, for the last 5 years. He believes that the economic (US dollar and Stock markets) collpase is imminent, and that we should look towards alternate forms of wealth such as Gold or Bitcoins.
Bitcoin, the first free-market non-localized private money, is seen as a great threat to the Government's monopoly of money. However, the recent economic collapses in smaller regions (think Cyprus), have spurred the rise of Bitcoin and its non-centrality as an alternative to the FIAT currency.

Dan Popescu, a global markets strategist and gold expert, shares his thoughts about Gold and China. He talks about a 'black swan event' that is at our doorstep and how that can make the price of gold 'explode' in a day. Gold is important because it is a "hard currency" that has value, as opposed to the FIAT currency which is not backed by anything.
China is a major buyer of gold, and their strategy is to gather a large deposit of gold to be able to properly back up their currency, unlike any other currency now. If the Chinese can successfully back up their currency with gold, they will be able to give credibility to their currency.
The world is becoming increasingly dissatisfied with the current system. He believes, within the next 3 to 5 years, that "we'll have a currency crisis with a new international monetary system, and gold will defnitely be part of it." Gold will shoot up in a shock, surprise move, and he "won't be surprised" if gold goes above US$2000/oz within a year.

Another video also highlights that 90% of market movement will come in the last 10% of time. Click here to watch the full video: Silver - 90% of the move comes in the last 10% of the time
Last video I want to share with you is from Ned Goodman. Ned is a Canadian billionaire with a unique perspective on the world economy. He starts off in the video by saying that "the dollar is about to be dethroned as the world's de facto currency".
He justifies his claim by explaining how the US dollar is backed by nothing, but still has a strong power in the world, because all oil in the middle east is traded with US dollars. That is how the dollar got to where it is today. However, China has recently made deals with Russia to buy oil in Chinese Yuan (RMB), opening the path to international partnership between these two big players. It was also obvious from the tension in Syria, that China and Russia are on the same side. We are heading into a period of "stag-flation" as the Federal Reserve loses its power to print money at will.
We buy things to protect our future purchase power. To continue doing so today, he emphasizes the need to start buying hard assets.

For those of you who are still unsure about what FIAT currency means, or how the US dollar is not backed by anything, I'll end of with one of my favourite videos that very aptly answers these questions.
Or watch it on YouTube: When Will The Economy Collapse?


Thank you for reading, and I hope you gained some value from this post. Be safe and all the best!

Related articles

Jim Rogers goes for Gold, Sugar, Chinese RMB, and Russian ETFs

Posted by Grow Your Bitcoin, Get Free BTC on 10.06.2013 Label: , , , , , , , , ,
china - Hello friend Grow Your Bitcoin, Get Free BTC, In the article you read this time with the title china, we have prepared well for this article you read and take of information therein. hopefully fill posts Artikel china, Artikel chinese yuan, Artikel commodities, Artikel exchange-traded fund, Artikel gold, Artikel investor, Artikel jim rogers, Artikel rmb, Artikel russia, Artikel sugar, we write this you can understand. Well, happy reading.

Title : Jim Rogers goes for Gold, Sugar, Chinese RMB, and Russian ETFs
link : Jim Rogers goes for Gold, Sugar, Chinese RMB, and Russian ETFs

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china

Jim Rogers, touted as a legendary commodities investor, is an investor and author based in Singapore. In his recent interview on FOX Business, Rogers outlined several investment opportunities:
  1. Gold, if it goes below US$1000 per ounce
  2. Sugar as a commodity, and Sugar companies
  3. Chinese RMB
  4. Russian Exchange-traded Funds (ETFs)



In another video, Rogers talks about the artificial stimulus package introduced in the United States, and believes that America will "default (on its debts) one way or the other". When that happens, he believes that the Dollar will lose its place as the World currency.


Related articles

Jim Rogers, touted as a legendary commodities investor, is an investor and author based in Singapore. In his recent interview on FOX Business, Rogers outlined several investment opportunities:
  1. Gold, if it goes below US$1000 per ounce
  2. Sugar as a commodity, and Sugar companies
  3. Chinese RMB
  4. Russian Exchange-traded Funds (ETFs)



In another video, Rogers talks about the artificial stimulus package introduced in the United States, and believes that America will "default (on its debts) one way or the other". When that happens, he believes that the Dollar will lose its place as the World currency.


Related articles

Time for Commodities: Silver, Gold, Chinese Yuan RMB, and Bitcoins

Posted by Grow Your Bitcoin, Get Free BTC on 10.04.2013 Label: , , , , , , , , , , , ,
china - Hello friend Grow Your Bitcoin, Get Free BTC, In the article you read this time with the title china, we have prepared well for this article you read and take of information therein. hopefully fill posts Artikel Bitcoin, Artikel china, Artikel chinese yuan, Artikel commodities, Artikel economic crisis, Artikel forex, Artikel gold, Artikel government shutdown, Artikel investing, Artikel renminbi, Artikel rmb, Artikel silver, Artikel yuan, we write this you can understand. Well, happy reading.

Title : Time for Commodities: Silver, Gold, Chinese Yuan RMB, and Bitcoins
link : Time for Commodities: Silver, Gold, Chinese Yuan RMB, and Bitcoins

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china

In light of the recent US Government Shutdown on 1st October 2013, and upcoming Debt Ceiling talks, I have decided to stop my Forex Trading with the Leo EA. If you are currently trading in the Forex or Equity markets, please be safe! Nothing is for certain in this economy.
With that said, I will be looking to move my investments towards 3 main products:

  1. Silver & Gold
  2. Chinese Yuan (RMB)
  3. Bitcoins

Will share my own thoughts and reasons for this decision over the next few posts. So stay tuned!
In the meantime, diversify your portfolio and do your research into what's going on in the world today.
Related articles

In light of the recent US Government Shutdown on 1st October 2013, and upcoming Debt Ceiling talks, I have decided to stop my Forex Trading with the Leo EA. If you are currently trading in the Forex or Equity markets, please be safe! Nothing is for certain in this economy.
With that said, I will be looking to move my investments towards 3 main products:

  1. Silver & Gold
  2. Chinese Yuan (RMB)
  3. Bitcoins

Will share my own thoughts and reasons for this decision over the next few posts. So stay tuned!
In the meantime, diversify your portfolio and do your research into what's going on in the world today.
Related articles

Danger looming for Equity & Forex Markets - GBPUSD at 8-month high

Posted by Grow Your Bitcoin, Get Free BTC on 9.19.2013 Label: , , , , , , , ,
china - Hello friend Grow Your Bitcoin, Get Free BTC, In the article you read this time with the title china, we have prepared well for this article you read and take of information therein. hopefully fill posts Artikel automated trading, Artikel Bitcoin, Artikel china, Artikel forex trading, Artikel gold, Artikel investing, Artikel investment, Artikel rmb, Artikel silver, we write this you can understand. Well, happy reading.

Title : Danger looming for Equity & Forex Markets - GBPUSD at 8-month high
link : Danger looming for Equity & Forex Markets - GBPUSD at 8-month high

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china

The dollar plummeted against most major currencies on Wednesday after the Federal Reserve said it was making no changes to its USD85 billion monthly bond-buying program.
GBPUSD today is close to an 8-month high, after soaring more than 1.5% over the last 10 days. This poses a problem for Forex Software Traders, who depend on the small market fluctations in stable currencies for profits. Especially for Robots that use the Martingale (doubling) system, these uncertain times could spell disaster.
My personal view is that danger is looming; diversify your portfolio into safer investments, and possibly into Gold/Silver, Bitcoin, or Chinese Yuan (RMB). My best advise is to do your own research into these opportunities and examine if they fit your overall Investment Strategy, based on your Risk Preference.

Source: Bitcoin Boom: Is This the New Safe Haven?

Source: Gold Traders Split on Two-Year Anniversary of Peak: Commodities http://sgx-news.blogspot.in/2013/09/gold-traders-split-on-two-year.html

Just a little background, I was using a Forex Automated Software to trade the GBP/USD pair since November 2012. In light of the Economic Instability due to recent World Events, I have since stopped. 
You can find out more about how the Forex Robot works at autoforexsg.wordpress.com. The Robot is still available for purchase, feel free to contact me if you have any questions at all. However, trade with caution!
Source: Youtube - When Will The Economy Collapse?

Source: Youtube - World War 3 Has Already Begun 
Related articles

The dollar plummeted against most major currencies on Wednesday after the Federal Reserve said it was making no changes to its USD85 billion monthly bond-buying program.
GBPUSD today is close to an 8-month high, after soaring more than 1.5% over the last 10 days. This poses a problem for Forex Software Traders, who depend on the small market fluctations in stable currencies for profits. Especially for Robots that use the Martingale (doubling) system, these uncertain times could spell disaster.
My personal view is that danger is looming; diversify your portfolio into safer investments, and possibly into Gold/Silver, Bitcoin, or Chinese Yuan (RMB). My best advise is to do your own research into these opportunities and examine if they fit your overall Investment Strategy, based on your Risk Preference.

Source: Bitcoin Boom: Is This the New Safe Haven?

Source: Gold Traders Split on Two-Year Anniversary of Peak: Commodities http://sgx-news.blogspot.in/2013/09/gold-traders-split-on-two-year.html

Just a little background, I was using a Forex Automated Software to trade the GBP/USD pair since November 2012. In light of the Economic Instability due to recent World Events, I have since stopped. 
You can find out more about how the Forex Robot works at autoforexsg.wordpress.com. The Robot is still available for purchase, feel free to contact me if you have any questions at all. However, trade with caution!
Source: Youtube - When Will The Economy Collapse?

Source: Youtube - World War 3 Has Already Begun 
Related articles

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