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Bitpesa Thread - Bitcoin Market Analysis by Mic Kimani
Rank: Member Joined: 12/30/2012 Posts: 545 Location: NBI
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Impunity wrote:You may find it wise to exoplain the Bitcoin in a @Wanjiko understandable language. Good idea! perhaps 'A Bitcoin Guide for Wanjiku'BITCOIN TRADERS KENYA Whatsapp group +254 705 299 429
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Rank: Member Joined: 12/30/2012 Posts: 545 Location: NBI
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U.S. Marshals Will Hold the Final Auction of the Silk Road Bitcoin This Weekhttps://bitcoinmagazine....in-this-week-1446484116
Over the past year, the U.S. Marshals Service (USMS ) has auctioned off a large part of the bitcoin that had been confiscated as a result of the Silk Road investigation. The USMS will hold the final auction for 44,341 bitcoin seized as a result of the criminal conviction and civil forfeiture against Ross Ulbricht. At today’s market price, the bitcoin are worth about $15 million. During the course of the investigation, the USMS seized more than 144,000 BTC from Ross Ulbricht, the creator of the Silk Road marketplace. At the moment of seizure, the bitcoin were worth about $122 million. In addition to these funds, the USMS also confiscated a total of 29,000 BTC from various Silk Road-related wallets. BITCOIN TRADERS KENYA Whatsapp group +254 705 299 429
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Rank: Member Joined: 12/30/2012 Posts: 545 Location: NBI
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mic_mic wrote:T  My current bias, its a correction, and there is more room to go higher.  BITCOIN TRADERS KENYA Whatsapp group +254 705 299 429
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Shiko is totally lost  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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mic_mic wrote: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. Apart from liking the advantages bitcoins brings to the technology world, I think Kenya will have its Greek/Ghana moment in the near future and alternative currencies can help one to navigate such turbulent times. I'm also bullish on the long term value of bitcoins.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Angelica _ann wrote:Shiko is totally lost Let me try to explain using stuff you already know. I hope it helps you understand the general concept of bitcoins. So,I'm a super computer hacker and I create a digital currency called bitcoins. Its the size of 100MBs. It cannot be increased in size beyond 100MBs whatsoever. However it can be broken down into smaller bits like 20MB,5MB,2MB and so on.The value of bitcoins like any commodity in a market is determined by demand and supply. One can buy smaller units depending on the money they have and the current exchange rate.My bitcoins are also easily transferable amongst phones and computers upon purchase. People can meet in person to exchange bitcoins upon purchase but this turns out to be risky and tedious so bitcoins exchange start coming up just like we have the stock market. Since. my bitcoins aren't u issued by any central bank it means they can act as a defacto global currency and that obviously doesn't make central bankers happy coz it overrides their authority. Also storing bitcoins on phones and computers can be risky because when your device is destroyed so are bitcoins. The solution is a digital safebox offered by some companies. You buy lets say 3MB of my bitcoins and lock them in a safe.Later you can decide to unlock the safe and sell 1.2MB of bitcoins and make a purchase with 0.5 bitcoins and keep the rest locked in the safe. Well,I hope that gives you a general idea.
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Rank: Member Joined: 8/27/2010 Posts: 495 Location: Nairobi
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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. Sent from my Black Nokia 3310
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Rank: Member Joined: 12/30/2012 Posts: 545 Location: NBI
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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  BITCOIN TRADERS KENYA Whatsapp group +254 705 299 429
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Rank: Member Joined: 12/30/2012 Posts: 545 Location: NBI
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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? Yes, in China - i have been following. I do not feel it is the reason for this run up. I've been watching the market for a while, and this move up was a build up since early September. It is a coincidence and (MMM) is taking advantage of it to lure in more people.
There is alot of speculation inChina w/ talk of capital control and now loosening capital controls. That has fueled this move up from low 200s to $ 380. Plus, a lot of good news about Bitcoin these past 2 weeks - EU Vat tax free, talk of Blockchain and the cover on economist. BITCOIN TRADERS KENYA Whatsapp group +254 705 299 429
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Rank: Member Joined: 12/30/2012 Posts: 545 Location: NBI
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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 badBITCOIN TRADERS KENYA Whatsapp group +254 705 299 429
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