Nights Watch by Afrikoin

[Afrikoin]

The 21mm BTC Soft Cap

by TwoBitIdiot

https://medium.com/@twobitidiot/the-21mm-btc-soft-cap-71e14cd09946

Brings up some good points

More reason for lower prices? WHy? because a lot of parts of Bitcoin need to be fixed before price goes up substantially. It seems realty time is here and we got to sit and make it work. We got the attention (bitcoiners), now we got to show the world why this here a big deal.

[Afrikoin]

Speculators are important as anyone else in this ecosystem

http://blog.chain.com/post/105287860141/why-bitcoin-apps-and-bitcoin-speculators-need-each

[Afrikoin]

Senior finance officials and central bank governors from the Commonwealth are meeting on 6 October. The senior officials will look at maximising the potential of remittances, a significant source of external finance for many developing countries. In addition, they will consider the policy implications of falling energy prices. -

See more at: http://thecommonwealth.org/media/press-release/finance-ministers-focus-more-inclusive-approach-global-tax-reform#sthash.dbjIyHYs.dpuf

[Afrikoin]

[Fakhoury]

Senior finance officials and central bank governors from the Commonwealth are meeting on 6 October. The senior officials will look at maximising the potential of remittances, a significant source of external finance for many developing countries. In addition, they will consider the policy implications of falling energy prices. -

See more at: http://thecommonwealth.org/media/press-release/finance-ministers-focus-more-inclusive-approach-global-tax-reform#sthash.dbjIyHYs.dpuf

How is this related to Bitcoin bro ?

[ssmc2]

Senior finance officials and central bank governors from the Commonwealth are meeting on 6 October. The senior officials will look at maximising the potential of remittances, a significant source of external finance for many developing countries. In addition, they will consider the policy implications of falling energy prices. -

See more at: http://thecommonwealth.org/media/press-release/finance-ministers-focus-more-inclusive-approach-global-tax-reform#sthash.dbjIyHYs.dpuf

How is this related to Bitcoin bro ?

From the article:

  Central bank governors will address the impact of tighter measures to prevent money laundering and terrorism financing on remittance flows. They will explore the possibility of using virtual or digital currencies such as Bitcoin as cost-effective alternatives to traditional money transfer channels.

 

[Fakhoury]

Senior finance officials and central bank governors from the Commonwealth are meeting on 6 October. The senior officials will look at maximising the potential of remittances, a significant source of external finance for many developing countries. In addition, they will consider the policy implications of falling energy prices. -

See more at: http://thecommonwealth.org/media/press-release/finance-ministers-focus-more-inclusive-approach-global-tax-reform#sthash.dbjIyHYs.dpuf

How is this related to Bitcoin bro ?

From the article:

  Central bank governors will address the impact of tighter measures to prevent money laundering and terrorism financing on remittance flows. They will explore the possibility of using virtual or digital currencies such as Bitcoin as cost-effective alternatives to traditional money transfer channels.

 

Oh ok, thanks

[Afrikoin]

Why I think the Bitcoin price will skyrocket very soon

http://about.bitwa.la/this-is-why-i-think-the-bitcoin-price-will-skyrock-very-soon/

[Afrikoin]

[Afrikoin]

[Afrikoin]

[Afrikoin]

Check out peer to peer exchange activity per country on Local Bitcoins - charts

Impressive! Good to see

http://coin.dance/charts/

Also, here is a chart from Kenya

[Afrikoin]

Which of these is not a bubble? #SPX

[Afrikoin]

I own 402 BTC - here is my story.

from https://www.reddit.com/r/Bitcoin/comments/3o4qde/i_own_402_btc_here_is_my_story/

Several years ago I watched Bitcoin climb from $20 to $256 and then crash. I wanted to buy during the run up but could not pull the trigger. After the crash I waited to see if Bitcoin would die, but it did not, so I read the whitepaper and was immediately hooked. I started accumulating when Bitcoin was around $95, stopped accumulating when it crossed above $330, sold about 1/4 of my position on the rebound at about $1020 after the $1200 spike. At that point I owned about 220 BTC free and clear.

I've been accumulating, mostly in the 220 - 280 range during this extended correction.

Bitcoin is 2.6% of my net worth. Home equity is 70% Gold bullion 16% Silver bullion 7%

Of these I see the home equity as by far the most risky.

To those who are skeptical about Bitcoin I simply show them the charts and say, "Why has Bitcoin not died?"

I was at one of the early talks for Andreas A. He said that Bitcoin will either be worth nothing or worth a lot. I agree.

Now I see Bitcoin in the mainstream news every day. I also know that most of the wealth out there is an illusion. When the next financial crisis hits, people will be confronted with a critical need to sort out what wealth is an illusion and what wealth is real. I expect Bitcoin to come out of this chaos as a huge winner.

[Afrikoin]

#gold / $XAU price action remains tethered to forecast line; Bullish outlook:

[Afrikoin]

Dancing around daily 200 sma, which is almost horizontal. I will not be surprised if move around will continue after break up instead of shooting up/down.

[Afrikoin]

[Afrikoin]

Yes, bulls can still stab their way to incremental heights, but at this point, we are talking about shedding more blood for less inch of terrain gained, whereby the risks are starting to outweigh the benefits, in terms of probability.

In terms of wave count, it would take a clear motive wave, followed by a correction with a higher-low, and a break above that new impulse to confirm a reversal - This too is missing in the overall (daily/weekly) picture. All we are dealing with is a correction upon a correction, all of which belongs to larger bearish impulse. So, what exactly follows a rallying correction in the midst of a large impulse move? ... You got it ... A completion of the bearish impulse ... It is this 5th wave which I would be waiting for.

[Afrikoin]

There's quite a bit going on in this chart but essentially what I'm looking at is similar price behaviour as we've seen before. On March 3rd we peaked out at 297.95 came down to 210 then we moved up to 246.57 then down to the low 220's before heading higher and pulling back to the 50% retracement level and making a move towards 300+.

The striking similarity in price action is that all the key levels marked 1-4 have basically been respected. Essentially what I'm looking for now is where price stalls number 4 far right and begins to retrace so I can plot the fib tool looking for that 50% to see if it will indeed respect that level for a potential move higher.

The current 50% circled on the right shouldn't be taken seriously because I still do not know where price will ultimately retrace but I'm assuming it could reach a similar level as we saw at number 4 on the left of the chart close to 248/249.

Just some thoughts here

[Afrikoin]