Eish yawa!

The thing is there is still time to get out of the market. i. e expect a quick upward reversal to about 5000 level soon.

Aly Khan Satchu, an independent trader and analyst, said the
differing performance by the indices could mean the weeks-long
losing streak at the bourse may be coming to an end.
"There were some green shoots today but we have to see how
it pans out," Satchu said.

When the banking system went into meltdown in 2008, an intriguing glimpse of an alternative future appeared. On 31 October, an unknown cryptographer who went by the name of Satoshi Nakamoto launched what he described as “a new electronic cash system that’s fully peer to peer, with no trusted third party”. The name he assigned to this new currency was bitcoin.


........because the technology underpinning cryptocurrencies such as bitcoin may turn out to be both transformational and benign in ways that we are just beginning to appreciate.

Why? Well, in essence a blockchain is really a way of using cryptography to certify that a particular token is the property of, or is inextricably connected to, a particular entity. In this particular case, the token is a bitcoin (or part thereof) and the entity is an individual (or an organisation). The blockchain is a dynamic (ie continuously updated) database of who owns (or is connected with) what.

In the real, physical world, we have lots of such databases – think of bank accounts or land registries – but they are records maintained by agencies and organisations, which means that they can be altered, corrupted or lost. So we have to trust the institutions that maintain them, which means trusting outfits like the banks that have just been fined £3.7bn for rigging foreign exchange markets. A blockchain, in contrast, is a public database that is continually maintained and updated by software running on thousands of computers all over the world. And since every change of ownership is publicly logged, the need to trust a (centralised) institution is replaced by the need to trust a highly decentralised network.

The most interesting case I’ve seen so far surfaced the other day when the state of Honduras, one of the poorest countries in Latin America, announced that it was going to use a blockchain to build a permanent and secure land title registry. This is significant because one of the problems that bedevil many – if not most – developing countries is the absence of reliable or uncorrupt land registries.

mnandii

what are some good picks to buy and accumulate when bear hits bottom? Want to start keeping an eye on them.