PNC bank threatened to close an account of a customer because they were questioning his purchase of Bitcoin. The customer was requested to show paperwork to keep his account open. I was impressed the customer did what was requested as he did not want his account closed...Good on him  !

This is interesting could be a mass following with this. South Korea is preparing to Tax bitcoin use after the cryptocurrency's trading volume sky-rocked. This could spark a new trend s everyone battels to see how to control the life of cryptocurrency's

San Francisco based company Coinbass tells they will allow customers to buy bitcoin, Ethereum, and Litecoin. You can do this instantly with bank accounts up to $25K. Users have to use there account numbers and routing number for your transaction.

This is really nice as the banks are looking to make it easier and safer to purchase cryptocurrency"s........ 

IMF Chief Lagarde stated crytocurrencies expected to cause massive disruptions. Well I have to say I am impressed with the comment finally someone is telling the truth. What is the issue well banks are not going anywhere at anytime. Bitcoin is unregulated and the banking industry is freaking out. The reason they have no control of what Bitcoin is doing and they have no idea how they can regulate crypto's .

Here is a thought maybe society  will em brass Bitcoin as they have been screwed over buy the banks and it is tired of it so let us try something new. Maybe that is why the SEC denied Bitcoin to the US markets last week as they are concerned also.

This topic is not going away and it is going to be exciting to talk about this in the year ahead........

 

This is Mr. Wall Street Mr Dimon and he continues to bash Bitcoin all the time. Last week he stated he was going to shut up...NOT. He continues to run his mouth and calling investors stupid, He needs to look in the mirror. I have to say it really amazes me how irresponsible he is and just showing his ignorance on this topic.

There is a lesson to be made do not listen to the Guru's most are just clueless..I stopped watching financial TV and Radio. Do your own research and work and you will be better off in your financial endeavors..... 

A bill has been drafted on the treatment of crytocurrencies to legalize it in Ukraine and was given to Parliament last week.This a a positive move however be patient as the bill will need to be revised several times before it will be passed. What I am seeing is that all are working together to get this done.

This shouts out to me a really nice sentiment as the powers to be are working together to work this and and get it passed.......

London reports today that Bitcoin surged through the 5000 $ level . This is the first time since the launch of the unregulated virtual currency more than eight years ago..

The bullishness continues can we see 6000 $ by the end of the year I am sure many are watching this very close.......

This was unexpected as the SEC denies applications and withdrawn as a result. The SEC is the gate keeper and without this approval for trading on the big-board this is just not good for Bitcoin. What is the next step I have to say I have no idea as this is just out. The question is the competence of the SEC in this matter.

I have to admit as I was watching this issue in the last two weeks I thought this was sealed and was going to be approved...

Very interesting to say the least.........

Technical indicators show the 100SMA has risen well above the long term 200SMA indicating the market remains very bullish. Well that is no surprise that this is bullish, we need to be cautious as we get closer to the 5000 $ mark as this could be a test at a significant level you would think. This just might break through the 5000 level and not look back. The other side is that it bounces and gives us a significant pull back and try it again at a latter time. 

This is the fun of trading technical and seeing how price might react as we all know no-one has any idea how the market will treat this......

Roboforex enters in to the Bitcoin ecosystem on there MT4 and MT5 platforms and is available now.

This is very positive for platforms as they are aggressive in getting this out to possible clients. The SEC is looking to approve the Bitcoin ETF very soon. I am in no way endorsing this platform as I do not have any Knowledge of this company.

WOW Cambodia a big player in Asia and the smallest is welcoming Bitcoin. They are very alert to currency and there movement. There currency is the Khmer riel and is 4300 to 1 dollar, the interesting thing is there currency fluctuation is very small and stable if you are exchanging money. The other issue is that the country uses the Dollar as there main currency all ATM machines dispense dollars.

As this is all in the working they plan on having a Bitcoin exchange in place by the end of the year.....

Yes it looks as Bitcoin has held at 4,800.00$ On Tuesday.

It looks like we are heading to 5000.00 $ a new time high in the near future.

This should be no surprise as it is inline with this bullish market........

I am a very big aviation fan and I follow it very close. I see Lufthansa has partnered with Swiss blockchain to bring decentralized Ethereum technology to the travel industry.

This to me seems like a great thing........

So I get it Ok, When this Bitcoin first came on the scene it was blasted. So as I watch what is happening with Bitcoin I have to say there are just people who speak and have No Clue what they are talking about.

The other observation is what I am reading is all past financial executives. They are really just making a fool of themselves.

I will leave with this if the SEC is getting ready to allow Bitcoin for trading this instrument is valid........

What are they saying the price will co;;apse the charts sure do not say that. We can expect at some time that we will get  a retrace and will pull back. I surely do not except to see this back at 800.00$.

Mr Kenneth Rogoff said that he feels Bitcoin will fall. He feels that this is all due to regulation and central banks. I do feel the price will not stay at this high and I do not see it going much below 3000.00 $. We will have
to look at the liquidity and the trading volatility, if this does not happen the chance is the price will just remain in a tight range. As we know as Financial traders this is very common in all instruments.  

Today looking at the charts and numbers I learned a lot as we go forward in this bullish market with Bitcoin.  The current price on Bitcoin is $ 4617 and continues to look bullish. The market cap as I write this is at 76.7B . The Transactions are very sideways and in a range I feel this is the area we need to watch as we really want to see some volatility and good movement. It really does not make a difference if it goes up or down as the volatility  is what we are looking for and at some time a break of this range.

The final note on a good side is the Money Supply is at $ 16.6M

I was reading in the last few weeks about brokers and sellers of Bitcoin  can use credit cards to make this purchase. At first I was like this is a bad thing. Thinking it will be abused as the value continues to rise. Well after looking at this I understand all brokers you can fund your account with a credit card, So why not Bitcoin.

I looked at this if you are able to trade the markets you should be responsible to buy Bitcoin on a credit card.