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Bitpesa Thread - Bitcoin Market Analysis by Mic Kimani
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mic_mic
#1 Posted : Saturday, October 31, 2015 4:56:22 PM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
Hi ALL



I have been conducting analysis on Bitcoin markets publicly since early 2014 on this thread http://www.wazua.co.ke/f...spx?g=posts&t=29849

I am starting a new thread for all of us to discuss bitcoin markets.

Over time, you will see my style.

Bitcoin is perhaps the greatest Investment opportunity of our Age! (Information Age).


Please keep the thread clean.

INFORMED Opinions are welcome.

So far, here is where we are

LONG TERM TREND









BITCOIN TRADERS KENYA Whatsapp group +254 705 299 429
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  | | Edit by user: Saturday, October 31, 2015 5:10 PM | Reason: Not specified
mic_mic
#2 Posted : Saturday, October 31, 2015 10:20:35 PM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
Bitcoin - Why It Now Belongs in Every Porfolio
by Tuur Demeester
October 26th, 2015

https://ybitcoin.com/art...tcoin-as-an-investment/


The value of bitcoins in circulation has been rising steadily. This can be explained mostly by the fact that it is a scarce commodity (maximum supply is 21 million) with rapidly growing utility. Here are a few possible scenarios for the future value of one bitcoin:



The scenarios projected above are, of course, not cast in stone. Bitcoin faces several risks going forward.
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mic_mic
#3 Posted : Sunday, November 01, 2015 1:00:19 AM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
This year has been about trying to break from the bear trend. See how market breaks each periodic EMA, heads back down and resurfaces with more force breaking higher.
This recent attempt could go higher, but we watch and see.

Failure to break above 200 AND hold, will send us to further lows.







I am watching to see if this pattern is a correction (A,B,C) similar to May/June 2014.

Where, the market is attempting to break away from downtrend.



Now waiting to see if this develops into a correction, before another leg up. OR if it will fail and head back to retest lows.



My current bias, its a correction, and there is more room to go higher.
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hisah
#4 Posted : Sunday, November 01, 2015 10:55:00 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
I expect this thread to gain fans gradually, but as the banking tension in KE starts gaining momentum more fans will show up. Mpesa has already set up the stage for easy adoption of bitcoin when the boom time comes. If KES is devalued due to the expected banking fallout, this will force mwananchi to start seeking alternatives.

Globally junk bond market crash will severely test the fragile confidence of the fiat monetary system. This is when bitcoin will start moving higher at a faster pace. The negative interest rate environment in europe has already set up the stage for that bond event, which will force capital flight into private hands away from public debt.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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whiteowl
#5 Posted : Sunday, November 01, 2015 2:14:29 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Next year I'll buy my first bitcoins.I plan to put in 5% of all my holdings and increase this to 30% by 2019.
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Impunity
#6 Posted : Sunday, November 01, 2015 3:49:05 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
You may find it wise to exoplain the Bitcoin in a @Wanjiko understandable language.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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hisah
#7 Posted : Monday, November 02, 2015 6:31:10 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Impunity wrote:
You may find it wise to exoplain the Bitcoin in a @Wanjiko understandable language.

This thread about bitcoin has been running since last year >> http://wazua.co.ke/forum.aspx?g=posts&t=29849

Some more reference places.

https://www.weusecoins.com

https://forum.bitcoin.com

Start there then come here.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#8 Posted : Monday, November 02, 2015 6:44:33 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Chinese Exchanges Agree Bitcoin Price Has Nothing to Do With Capital Controls

Quote:
“Finance industry is developing rapidly in China during recent years, however, there still exists a distance in terms of trading mechanisms compared to the developed countries, which hindered the small and medium-sized investors from enjoying convenient services and trades,” he said.“Chinese banking industry is still charging high transaction fees despite the fact that we’re living in the Internet Age.”

Nonetheless, bitcoin is rising, and China is leading the pack. Whether this run will last for only a short while or this is the beginning of another bull run, no one is certain. But the energy within the community is certainly more positive, this run-up encouraging more people to talk about bitcoin.


@mic_mic I find Roger Ver insights to be very helpful >> https://rogerver.com

Also watch this documentary. Very interesting.



And this one too >> https://www.youtube.com/watch?v=vR8mJKd-qYo
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mic_mic
#9 Posted : Monday, November 02, 2015 9:29:42 PM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
hisah wrote:
Chinese Exchanges Agree Bitcoin Price Has Nothing to Do With Capital Controls

Quote:
“Finance industry is developing rapidly in China during recent years, however, there still exists a distance in terms of trading mechanisms compared to the developed countries, which hindered the small and medium-sized investors from enjoying convenient services and trades,” he said.“Chinese banking industry is still charging high transaction fees despite the fact that we’re living in the Internet Age.”

Nonetheless, bitcoin is rising, and China is leading the pack. Whether this run will last for only a short while or this is the beginning of another bull run, no one is certain. But the energy within the community is certainly more positive, this run-up encouraging more people to talk about bitcoin.


@mic_mic I find Roger Ver insights to be very helpful >> https://rogerver.com

Also watch this documentary. Very interesting.

http://www.youtube.com/watch?v=8zKuoqZLyKg

And this one too >> https://www.youtube.com/watch?v=vR8mJKd-qYo



Yes! China has been leading the market. $ 1 billion in 24 hours in volumes. But Chinese exchange charge 0 fees, so lots of bots huko and in and out trades.

Myself, I like

Jon matonis and Tuur Demeester
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mic_mic
#10 Posted : Monday, November 02, 2015 9:38:23 PM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
whiteowl wrote:
Next year I'll buy my first bitcoins.I plan to put in 5% of all my holdings and increase this to 30% by 2019.


Wise choice.

Bitcoin belongs in every portfolio. Not sure about 2019, external events could change rapidly and change economic outlook.
Like Chief Hisah says, global outlook doesn't look great. i can't believe negative interest rates is a normal thing now.

I myself, am accumulating. building up a long position. I expect at least to retest $ 1200 highs at some point. And, in poor global Macro eg Central bank, Europe, US, China,
$3,000.
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