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Bitpesa Thread - Bitcoin Market Analysis by Mic Kimani
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mic_mic
#21 Posted : Tuesday, November 03, 2015 8:25:55 AM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
mic_mic wrote:
Ash Ock wrote:
mic_mic wrote:
My current bias, its a correction, and there is more room to go higher.


Have you by any chance been following the MMM Bitcoin ponzi (http://mmmglobal.org/) and the speculation that it might, in part, be responsible for the current surge?

It's gained a lot of interest, even upcountry here in .ke.



What I suspect is when it crashes, as all ponzi tend to do, it'll leave a bad taste for Bitcoins across the country.


I'm playing my part in warning people to be aware and stay away from MMM. These are the kind of people who tarnish bitcoin and confuse the masses.

Bitcoin is not bad, it is people who are bad


WIkipedia

MMM Ponzi Scheme Company

https://en.wikipedia.org...Ponzi_scheme_company%29


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mic_mic
#22 Posted : Tuesday, November 03, 2015 11:35:51 AM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
Bitcoin Is Suddenly Surging Again

And there are various theories behind the rise.

BLOOMBERG BUSINESS

Very good read!

http://www.bloomberg.com...s-suddenly-surging-again
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TheGeek
#23 Posted : Tuesday, November 03, 2015 7:28:19 PM
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Joined: 7/3/2014
Posts: 245
Sending Bitcoin to a Kenyan mobile money account using the telegram messenger
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
#24 Posted : Tuesday, November 03, 2015 10:08:42 PM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
mic_mic wrote:
mic_mic wrote:
mic_mic wrote:
T



My current bias, its a correction, and there is more room to go higher.





Yesterday night was exciting. Market went up to $ 380





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mic_mic
#25 Posted : Tuesday, November 03, 2015 11:40:09 PM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
Bitcoin to be 6th largest reserve currency by 2030: Research

Bitcoin to be 6th largest reserve currency by 2030: Research

http://www.cnbc.com/2015...cy-by-2030-research.html
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  | | Edit by user: Tuesday, November 03, 2015 11:51 PM | Reason: Not specified
mic_mic
#26 Posted : Wednesday, November 04, 2015 12:05:43 PM
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Joined: 12/30/2012
Posts: 545
Location: NBI
Escape log trend - log here is only relevant.


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mic_mic
#27 Posted : Wednesday, November 04, 2015 12:34:54 PM
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Joined: 12/30/2012
Posts: 545
Location: NBI
Ultra bullish case



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hisah
#28 Posted : Wednesday, November 04, 2015 3:37:36 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
I don't like the current parabolic. The recovery and rally to new highs has been rushed. Standing aside until things cool down.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mic_mic
#29 Posted : Thursday, November 05, 2015 1:21:14 AM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
mic_mic wrote:
mic_mic wrote:
mic_mic wrote:
mic_mic wrote:
T



My current bias, its a correction, and there is more room to go higher.





Yesterday night was exciting. Market went up to $ 380







$ 504 touched today


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sl8r
#30 Posted : Thursday, November 05, 2015 9:28:02 AM
Rank: New-farer

Joined: 5/20/2010
Posts: 69
mic_mic wrote:
mic_mic wrote:
mic_mic wrote:
mic_mic wrote:
mic_mic wrote:
T



My current bias, its a correction, and there is more room to go higher.





Yesterday night was exciting. Market went up to $ 380







$ 504 touched today




I ve been following this rally and it looks like its gonna peak 1000 or perhaps 1500, the reason being is bitcoin XT, january 2016 is coming up and we still havent reached consensus on whether we will use 8MB blocks or stick to the present 1MB blocks. The news that @Hisah shared regarding bitcoin is TAX free only encocurges capital flows into bitcoin, with the block size still at 1 MB this late, I think people will need to pay high transaction fees for their order to be processed. I see the price plummeting in Jan 2016 unless we get on to bitcoinXT, lets see what happens :)

bitcoinXT status
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