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.

I expect this thread to gain fans gradually, but as the banking tension in KE starts gaining momentum more fans will show up. Mpesa has already set up the stage for easy adoption of bitcoin when the boom time comes. If KES is devalued due to the expected banking fallout, this will force mwananchi to start seeking alternatives.

Globally junk bond market crash will severely test the fragile confidence of the fiat monetary system. This is when bitcoin will start moving higher at a faster pace. The negative interest rate environment in europe has already set up the stage for that bond event, which will force capital flight into private hands away from public debt.

You may find it wise to exoplain the Bitcoin in a @Wanjiko understandable language.

Chinese Exchanges Agree Bitcoin Price Has Nothing to Do With Capital Controls



@mic_mic I find Roger Ver insights to be very helpful >> https://rogerver.com

Also watch this documentary. Very interesting.



And this one too >> https://www.youtube.com/watch?v=vR8mJKd-qYo

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.

U.S. Marshals Will Hold the Final Auction of the Silk Road Bitcoin This Week

https://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.

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.

Yesterday night was exciting. Market went up to $ 380