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Showing posts with label economic crisis. Show all posts

Is the Bitcoin train ever turning back? $1000 by year end?

Posted by Grow Your Bitcoin, Get Free BTC on 11.14.2013 Label: , , , , , , , , , ,
economic crisis - Hello friend Grow Your Bitcoin, Get Free BTC, In the article you read this time with the title economic crisis, we have prepared well for this article you read and take of information therein. hopefully fill posts Artikel Bitcoin, Artikel bitcoin exchange, Artikel bitcoin hacked, Artikel crypto, Artikel cryptocurrency, Artikel dollar, Artikel economic collapse, Artikel economic crisis, Artikel mtgox, Artikel resistance, Artikel support, we write this you can understand. Well, happy reading.

Title : Is the Bitcoin train ever turning back? $1000 by year end?
link : Is the Bitcoin train ever turning back? $1000 by year end?

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economic crisis

Could it be that the Bitcoin train is never ever turning back from here? Since BTC prices soared past the previous April high of $266, it's been surging up to a high of $440 and building up a resistance level, hitting this peak for the second time in 12 hours. On the 5 day chart, we can form a support at $370. I think this resistance and support levels are highly significant now, and my guess is that the BTC prices will be hovering between $370-$440 (MtGox price) for a good 4 days, at least until the 18th of November. If it breaks above this resistance, I feel like the train is never turning back. Will we ever see bitcoin prices at $250, or even $300, ever again?

Some of you may already know about the Homeland Security hearing on the 18th of November. Why is this important? Well, it really depends on the outcome. But judging from how the US is treating Bitcoins now, siezing MtGox bank accounts, silkroad etc., I'm skeptical about any good news coming out of this hearing. If it's bad news, we could easily see prices slide to $266, or even way below $200. Otherwise, if news is neutral or positive, we could see Bitcoin prices soar to $800, even $1000, by the end of the year. In the past month, some big names in Bitcoin and businesses have valued Bitcoin at $100k, even $1 million. Do you think that's possible? Tell me in the comments below.

Bitcoin's rising demand can also be attributred to more businesses offering BTC as a payment option, since Baidu first did so on 22st October 2013. Some notable brands include Shopify, Subway, with eBay considering it. While in China, you can buy real estate with BTC, and beer for BTC in Singapore!

On the other hand, there have also been a significant increase in the number of hackings. Several exchanges have fallen just this month alone, along with some wallet services such as inputs.io. Could the vulnerability of such services compromise the price of Bitcoins significantly?

How would you value a Bitcoin? Author Squeaky Wheel categorizes 3 ways in which we can measure the valuation of bitcoins: 
1) compare to gold (GLD), 
2) compare to a company providing similar service such as Western Union (WU) or Paypal (EBAY), or 
3) calculate values needed to support the transactional value.

I personally agree with the third method, because I believe that the value of Bitcoins are purely dependent on demand, which is in turn increased as more services are built to make it easier transact in cryptocurrncies. Of course, political and regulatory factors will also have a large effect on Bitcoin prices. So lets see what happens on the 18th of November 2013. 

Have comments? Share them with us below!

Liked my Content? Donate Bitcoins


Sources

Vinkelvoss twins: Bitcoin should be worth over 100 times it's worth today http://www.cnbc.com/id/101190181
How High Could Bitcoin Value Soar? - Satoshi's Billion Dollar Pizza
EBay eyes use of Bitcoins in online commerce http://www.dw.de/ebay-eyes-use-of-bitcoins-in-online-commerce/a-17202747
As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target http://www.zerohedge.com/news/2013-11-10/bitcoin-plunges-25-government-scrutiny-first-btc-fair-value-reco-has-stunning-price-
China, buying real estate with bitcoins http://www.coindesk.com/bitcoin-exchange-btc-china-experiences-time-price-high/
Beer for bitcoins singapore http://www.youtube.com/watch?v=R2fDYJFMXEg
$1.2M Heist Doesn’t Bode Well For Bitcoins as Secure Currency http://socialtimes.com/1-2m-heist-doesnt-bode-well-bitcoins-secure-currency_b137530

Liked my Content? Donate Bitcoins

Could it be that the Bitcoin train is never ever turning back from here? Since BTC prices soared past the previous April high of $266, it's been surging up to a high of $440 and building up a resistance level, hitting this peak for the second time in 12 hours. On the 5 day chart, we can form a support at $370. I think this resistance and support levels are highly significant now, and my guess is that the BTC prices will be hovering between $370-$440 (MtGox price) for a good 4 days, at least until the 18th of November. If it breaks above this resistance, I feel like the train is never turning back. Will we ever see bitcoin prices at $250, or even $300, ever again?

Some of you may already know about the Homeland Security hearing on the 18th of November. Why is this important? Well, it really depends on the outcome. But judging from how the US is treating Bitcoins now, siezing MtGox bank accounts, silkroad etc., I'm skeptical about any good news coming out of this hearing. If it's bad news, we could easily see prices slide to $266, or even way below $200. Otherwise, if news is neutral or positive, we could see Bitcoin prices soar to $800, even $1000, by the end of the year. In the past month, some big names in Bitcoin and businesses have valued Bitcoin at $100k, even $1 million. Do you think that's possible? Tell me in the comments below.

Bitcoin's rising demand can also be attributred to more businesses offering BTC as a payment option, since Baidu first did so on 22st October 2013. Some notable brands include Shopify, Subway, with eBay considering it. While in China, you can buy real estate with BTC, and beer for BTC in Singapore!

On the other hand, there have also been a significant increase in the number of hackings. Several exchanges have fallen just this month alone, along with some wallet services such as inputs.io. Could the vulnerability of such services compromise the price of Bitcoins significantly?

How would you value a Bitcoin? Author Squeaky Wheel categorizes 3 ways in which we can measure the valuation of bitcoins: 
1) compare to gold (GLD), 
2) compare to a company providing similar service such as Western Union (WU) or Paypal (EBAY), or 
3) calculate values needed to support the transactional value.

I personally agree with the third method, because I believe that the value of Bitcoins are purely dependent on demand, which is in turn increased as more services are built to make it easier transact in cryptocurrncies. Of course, political and regulatory factors will also have a large effect on Bitcoin prices. So lets see what happens on the 18th of November 2013. 

Have comments? Share them with us below!

Liked my Content? Donate Bitcoins


Sources

Vinkelvoss twins: Bitcoin should be worth over 100 times it's worth today http://www.cnbc.com/id/101190181
How High Could Bitcoin Value Soar? - Satoshi's Billion Dollar Pizza
EBay eyes use of Bitcoins in online commerce http://www.dw.de/ebay-eyes-use-of-bitcoins-in-online-commerce/a-17202747
As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target http://www.zerohedge.com/news/2013-11-10/bitcoin-plunges-25-government-scrutiny-first-btc-fair-value-reco-has-stunning-price-
China, buying real estate with bitcoins http://www.coindesk.com/bitcoin-exchange-btc-china-experiences-time-price-high/
Beer for bitcoins singapore http://www.youtube.com/watch?v=R2fDYJFMXEg
$1.2M Heist Doesn’t Bode Well For Bitcoins as Secure Currency http://socialtimes.com/1-2m-heist-doesnt-bode-well-bitcoins-secure-currency_b137530

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: , , , , , , , , , , , , , ,
economic crisis - Hello friend Grow Your Bitcoin, Get Free BTC, In the article you read this time with the title economic crisis, 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?

see also


economic crisis

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

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

Posted by Grow Your Bitcoin, Get Free BTC on 10.04.2013 Label: , , , , , , , , , , , ,
economic crisis - Hello friend Grow Your Bitcoin, Get Free BTC, In the article you read this time with the title economic crisis, 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

see also


economic crisis

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

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