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Bitcoin & CryptoCoins for Kenya
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liomungai
#241 Posted : Tuesday, January 13, 2015 12:12:34 PM
Rank: New-farer


Joined: 2/17/2010
Posts: 47
Location: Nairobi
smile I agree with you. Very nice analysis. But I would like to point the case in point of the recent hack on BitStamp and maybe MtGox. That is what I mean by loosing your investment in case good safety measures are not in place. But I agree with you 87% and I believe in Bitcoin.

mic_mic wrote:
liomungai wrote:
But one thing is for sure; Bitcoin value as an "asset" is HIGHLY Volatile. You can loose your entire investment in a second. At least Gold is a "little stable"


I will disagree slightly.

You will not lose your investment -- you will still be holding bitcoins, only that their market value will be much less. Remember Gold has been in existence for at least 100 years, there is still time.

Equity Stocks are WORSE! When a company goes bankrupt, ordinary shareholders are entitled to the residual value after ALL other priority creditors, liabilities and preferential shareholders get their cut. You are actually left holding nothing. IMO, this is worse. Once a company is liquidated that is the end of it. There is no more company!

Back to bitcoin. Bitcoin will outlive you,I and most companies we have today.

Have your pick!

:)

People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth
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mic_mic
#242 Posted : Tuesday, January 13, 2015 1:21:34 PM
Rank: Member


Joined: 12/30/2012
Posts: 545
Location: NBI
Absolutely! That is a valid concern you bring up.

There are two types of bitcoin wallets - Hot & Cold

Cold wallets are UNHACKABLE and 100% secure. That is what i would recommend.

I am working on a tutorial for this explaining how best to secure and handle your bitcoins. Out soon. look out for it.


liomungai wrote:
smile I agree with you. Very nice analysis. But I would like to point the case in point of the recent hack on BitStamp and maybe MtGox. That is what I mean by loosing your investment in case good safety measures are not in place. But I agree with you 87% and I believe in Bitcoin.

mic_mic wrote:
liomungai wrote:
But one thing is for sure; Bitcoin value as an "asset" is HIGHLY Volatile. You can loose your entire investment in a second. At least Gold is a "little stable"


I will disagree slightly.

You will not lose your investment -- you will still be holding bitcoins, only that their market value will be much less. Remember Gold has been in existence for at least 100 years, there is still time.

Equity Stocks are WORSE! When a company goes bankrupt, ordinary shareholders are entitled to the residual value after ALL other priority creditors, liabilities and preferential shareholders get their cut. You are actually left holding nothing. IMO, this is worse. Once a company is liquidated that is the end of it. There is no more company!

Back to bitcoin. Bitcoin will outlive you,I and most companies we have today.

Have your pick!

:)


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mic_mic
#243 Posted : Tuesday, January 13, 2015 7:51:35 PM
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mic_mic
#244 Posted : Tuesday, January 13, 2015 10:59:21 PM
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Joined: 12/30/2012
Posts: 545
Location: NBI
Bitcoin's Bubble Means That Current Levels Shouldn't Be A Concern

http://www.nasdaq.com/ar...t-be-a-concern-cm432278


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mic_mic
#245 Posted : Tuesday, January 13, 2015 11:12:53 PM
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Joined: 12/30/2012
Posts: 545
Location: NBI
Bitcoin ETFs are Coming





Read More : http://www.bitcoinbulls....oin-etfs-are-coming.html
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mic_mic
#246 Posted : Tuesday, January 13, 2015 11:31:10 PM
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mic_mic
#247 Posted : Tuesday, January 13, 2015 11:43:55 PM
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State of Bitcoin 2015: Ecosystem Grows Despite Price Decline

http://www.coindesk.com/...s-despite-price-decline/
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mic_mic
#248 Posted : Thursday, January 15, 2015 9:35:24 AM
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Joined: 12/30/2012
Posts: 545
Location: NBI
Business Daily Kenya Today

2 Kenyan Hackers demanded Sh6.2m in bitcoins from NIC Bank

http://www.businessdaily...4/-/i15pfsz/-/index.html
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mic_mic
#249 Posted : Thursday, January 15, 2015 9:39:24 AM
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Joined: 12/30/2012
Posts: 545
Location: NBI
Quote from the hackers story


"Bitcoin users do not have to adhere to strict disclosure requirements that bank customers have to observe when making online transactions."

This is NOT true at all. In Kenya, In Kenya, Bitcoin users adhere to strict KYC & AML disclosure requirements: Full names, ID, address, mobile money number, bank acc no.
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mic_mic
#250 Posted : Thursday, January 15, 2015 10:52:47 AM
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Joined: 12/30/2012
Posts: 545
Location: NBI
Bitcoin as an Investment Part 1 - Easy and simple to understand

public document. Please share

http://goo.gl/Xq3VJP
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mic_mic
#251 Posted : Thursday, January 15, 2015 11:19:35 AM
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Warrent Buffet is Wrong about Bitcoin.

CFA Institute Blogs

http://blogs.cfainstitut...tcoin-the-bitcoin-proof/
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mic_mic
#252 Posted : Thursday, January 15, 2015 11:47:27 AM
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mic_mic
#253 Posted : Friday, January 16, 2015 1:57:37 PM
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Joined: 12/30/2012
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Will history repeat itself?



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mic_mic
#254 Posted : Saturday, January 17, 2015 9:25:26 PM
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TheGeek
#255 Posted : Saturday, January 17, 2015 11:45:36 PM
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Joined: 7/3/2014
Posts: 245
mic_mic wrote:


Are those markers fibo ratios ?
In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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mic_mic
#256 Posted : Sunday, January 18, 2015 9:37:46 AM
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Joined: 12/30/2012
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TheGeek wrote:
mic_mic wrote:


Are those markers fibo ratios ?


no. EW wave counts and long term support & resistance levels.

here are fibonacci retracement levels on the overall picture

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mic_mic
#257 Posted : Monday, January 19, 2015 11:20:25 PM
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Joined: 12/30/2012
Posts: 545
Location: NBI
KPMG: Bitcoin a Threat and Opportunity for Retail Banks

http://www.coindesk.com/...pportunity-retail-banks/
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mic_mic
#258 Posted : Tuesday, January 20, 2015 1:28:50 PM
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Joined: 12/30/2012
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By counts at least movements up (and down) have been of corrective structure ever since 152 bottom, which seems to support consolidation scenario here before resumption of bear trend.

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mic_mic
#259 Posted : Tuesday, January 20, 2015 2:55:31 PM
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Joined: 12/30/2012
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When is the breakout???

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mic_mic
#260 Posted : Wednesday, January 21, 2015 12:07:27 AM
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Joined: 12/30/2012
Posts: 545
Location: NBI
Released : 20 January 2015



NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that its wholly-owned subsidiary, The New York Stock Exchange, has made a minority investment in Coinbase, a leading bitcoin wallet and platform with over 2.1 million consumer wallets, 38,000 merchants and 7,000 developers.

Coinbase was established in 2012 in San Francisco and provides a platform for people to easily and securely use the digital currency bitcoin.

“With this investment, we are tapping into a new asset class by teaming up with a leading platform that is bringing transparency, security and confidence to an important growth market,” said NYSE President Tom Farley. “We look forward to supporting Coinbase’s growth utilizing our global distribution capabilities and market expertise.”

The New York Stock Exchange will work with Coinbase to bring additional transparency to bitcoin pricing. ICE is a leading provider of financial information and market data and has worked through its benchmark administration business to restore confidence and integrity in financial data.

Terms of the investment were not disclosed.

http://otp.investis.com/...cid=953&newsid=28438
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