Nights Watch by Afrikoin

[Fakhoury]

Yuan Soars Most In A Decade As China Moves To Relax Capital Controls


http://www.zerohedge.com/news/2015-10-30/yuan-soars-most-decade-china-moves-relax-capital-controls

Could this play into bitcoin?

Looks like the ZH guys are out.

What are the ZH guys ?

zerohedge

Thanks for the clarification

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[Afrikoin]

Yuan Soars Most In A Decade As China Moves To Relax Capital Controls


http://www.zerohedge.com/news/2015-10-30/yuan-soars-most-decade-china-moves-relax-capital-controls

Could this play into bitcoin?

Looks like the ZH guys are out.

if say chinese yuan gets into SDR.

Then china, relaxes capital control

allows bitcoin to thrive, lure in dollar capital heading into legal bitcoin assets in china

would force other regions to react to stay competitive

all this assuming BTC was at wild valuations ie significant market cap eg $550 Billion

A share of that is significant, right? Anything to piss off the west and moves away from dollar

Interesting. I just came across this comment from 2013

@Robespierre. You are correct that most Chinese don’t currently care about Bitcoin. But the government there seems to be giving it the thumbs up. Perhaps to undermine US dollar hegenomy There have been several hour plus Chinese Bitcoin documentaries encouraging the citizens to use Bitcoin. I’m fairly certain these documentaries get approved at the top level of government
Read more at http://www.maxkeiser.com/2013/11/raoul-pal-on-why-bitcoins-upside-is-5000-x-the-current-price-of-gold/#ofdKwAaETVdIP800.99

[Afrikoin]

"Bitcoin is nice.
 
Although they are numbers in abstract space, so is everything else the modern world and in that context, Bitcoin – being a mathematical phenomenon – is as solid as the rocks. All the folks who are harping on about liking something they can “touch” better keep an open mind on this because it’s the very fact that their asset is so “tangible” that may cause the value to drain straight out of it now that something better has been discovered.
 
Bitcoin is lightyears ahead of any payment method known to man hitherto. This simple fact is only starting to dawn on people, but dawn it will, because while the talking heads bicker on about tangibility, legality, subversion and coersion, Bitcoin will continue right on being created at the rate it was planned to, in the amounts it was intended to and for the duration it was expected to. It can’t hear any of this debate, doesn’t care, can’t be destroyed and can’t be counterfeited.
 
That, in the end is what will wake people up."

[Afrikoin]

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.

[Afrikoin]

It’s All About the Blockchain

http://moneyandstate.com/its-all-about-the-blockchain/

by Erik Voorhees

Banks’ biggest innovation in the last two decades was the Geithner Swap, in which loss due to excessive risk taking is swapped for taxpayer money.

[Afrikoin]

Szabo: "Bitcoin is a settlement layer" and a "reserve currency".

Exactly right.

[Afrikoin]

Wikipedia is a classic example of how the next big thing often starts out looking like a toy.

It’s hard to believe today, but 10 years ago Wikipedia was widely considered a doomed experiment run by utopian radicals.

https://medium.com/@cdixon/it-s-hard-to-believe-today-but-10-years-ago-wikipedia-was-widely-considered-a-doomed-experiment-a7a0dfd27b8b#.jq5kin8nb

[ssmc2]

Szabo: "Bitcoin is a settlement layer" and a "reserve currency".

Exactly right.

[Fakhoury]

I like your crazy bullish spirit, this thread is one of my favorite threads, shit man, I want to cry.

For a second, my mind took me to 10 years away where you, me and others became the new elites and most of us retired an early age and enjoying life, rocking and rolling all over the world.

If you don't mind, I would like to quote some posts here to my thread and save your right for sure, can I do this ?

Thank you Afrikoin, my friend and brother. Keep it up as I'm one of your biggest fans here. I love you

Edit : Dear Afrikoin, I've posted the news I wanted to post from your thread, into my thread. If this in any way could anger you, kindly just inform me and I will remove them. I did this because I can't update my thread more than once every 24 hours, so I apologize if this upset you in any means.

Thank you.

[Afrikoin]

I like your crazy bullish spirit, this thread is one of my favorite threads, shit man, I want to cry.

For a second, my mind took me to 10 years away where you, me and others became the new elites and most of us retired an early age and enjoying life, rocking and rolling all over the world.

If you don't mind, I would like to quote some posts here to my thread and save your right for sure, can I do this ?

Thank you Afrikoin, my friend and brother. Keep it up as I'm one of your biggest fans here. I love you

Edit : Dear Afrikoin, I've posted the news I wanted to post from your thread, into my thread. If this in any way could anger you, kindly just inform me and I will remove them. I did this because I can't update my thread more than once every 24 hours, so I apologize if this upset you in any means.

Thank you.

no problem

If you found this helpful love me, consider tipping 1P1jyUGjQpnZ5daExhvccWPcdZ2AVCviTW

[Fakhoury]

I like your crazy bullish spirit, this thread is one of my favorite threads, shit man, I want to cry.

For a second, my mind took me to 10 years away where you, me and others became the new elites and most of us retired an early age and enjoying life, rocking and rolling all over the world.

If you don't mind, I would like to quote some posts here to my thread and save your right for sure, can I do this ?

Thank you Afrikoin, my friend and brother. Keep it up as I'm one of your biggest fans here. I love you

Edit : Dear Afrikoin, I've posted the news I wanted to post from your thread, into my thread. If this in any way could anger you, kindly just inform me and I will remove them. I did this because I can't update my thread more than once every 24 hours, so I apologize if this upset you in any means.

Thank you.

no problem

If you found this helpful love me, consider tipping 1P1jyUGjQpnZ5daExhvccWPcdZ2AVCviTW

Thank you, really appreciated.

I find both, what you make is helpful and I love you

Regarding tipping, I will be buying Bitcoin this week, and I will tip you a generous tip (man's word ).

[Wekkel]

"Bitcoin is nice.
 
[...]"

Some other nice Bitcoin quotes:

In the province of financial journalism, bitcoin unmasks the Statists.

Bitcoin needs millions, and then billions, of users who demand better money. The demand for Bitcoin must be strong enough that they will break the law if that’s what it takes to obtain it.

Bitcoin, the world's first decentralized digital currency, provides a potent example of technology allowing us to transform into more highly-evolved self-leaders who refuse all external authorities, in contrast to the milennia-old sheep-like follow the herd mentality, now waning in its power and ubiquity.  Central bankers will meet their match.  You can't bomb a bitcoin.

It's not your money in that bank account; it's their money. You don't issue it, you don't own it, you don't control it. You are simply allowed to use it under strict terms of those who issue it, own it, and control it.Bitcoin, on the other hand...

bitcoin is backed by an honest protocol/clearing system that has no inflation, no bank holidays, never stops trading, and utter contempt for financial oppression.

[Afrikoin]

China seems doesn't give a fuck and has a triangle on hourly so far

[Afrikoin]

heart warming to see such a cracker rally.

This rose from bad EW form but in this volatility pieces of the puzzle are becoming inevitably clearer.

We are probably at the later stage of a third wave finishing with a fifth blowout. I think we can safely say that we are at a stage in an impulse that will form a primary wave followed by a wave 2 correction.

currently the smaller time frames suggest sideways consolidation with a risk of entering fourth wave territory but ultimately contain the evidence for continuation.



Need more to say more. trading is going to be great with the coming volatility.

The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.

... EW is King of ponzi land.

[Afrikoin]

[Wekkel]

Sharing one additional quote; then back to charts 

“This represents a technological innovation that is terrifying to many people because it is such a fundamental transformation of money. And what ‘they’ will tell is that they are worried. They’re worried that criminals will use Bitcoin, but the truth is that they are far more terrified that all of the rest of us will.”

[Fakhoury]

Sharing one additional quote; then back to charts 

“This represents a technological innovation that is terrifying to many people because it is such a fundamental transformation of money. And what ‘they’ will tell is that they are worried. They’re worried that criminals will use Bitcoin, but the truth is that they are far more terrified that all of the rest of us will.”

No please, I hate charts, keep posting quotes

[ssmc2]

It’s All About the Blockchain

http://moneyandstate.com/its-all-about-the-blockchain/

by Erik Voorhees

Banks’ biggest innovation in the last two decades was the Geithner Swap, in which loss due to excessive risk taking is swapped for taxpayer money.

I just want to reply to this with a link to another one of Erik's excellent posts and to recommend everyone read them. He simply nails it.

http://moneyandstate.com/bitcoin-value-ponzi-schemes/

[Afrikoin]

The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.

... EW is King of ponzi land.

This would be in a fourth wave position of some degree, and a fifth wave to follow.

[Afrikoin]