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Dec 14 16 3:16 PM
The Dollar Vigilante, Published on Dec 14, 2016
Dec 20 16 3:06 AM
gata.org / By Gertrude Chavez-Dreyfuss, Reuters / December 19, 2016
NEW YORK — A small but rapidly growing number of digital technology
start-ups is raising cash by creating and selling their own currencies
in offerings that bypass banks or venture capital firms as
intermediaries and are outside the reach of financial regulators.
Investors are being drawn in on hopes that such “initial coin
offerings” will match or exceed the performance of the first digital
For the sellers, the appeal of selling their own currencies, or
tokens, to raise cash is enormous. There is no paperwork as would be
required for a public securities sale.
But the lack of regulatory oversight is raising red flags among some
market experts and financial technology lawyers, some of whom even
question the legality of the tokens. …
… For the remainder of the report:
Dec 21 16 7:06 PM
zerohedge.com / by Tyler Durden / Dec 21, 2016 11:11 AM
With Chinese liquidity markets turmoiling, bonds crashing, and gold premiums soaring, it appears growing concerns over capital controls tightening has sent Chinese fleeing into Bitcoin as a way to escape the mainland restrictions. Bitcoin is up over $30 today to its hghest since Dec 2013…
We first warned of this ‘outlet’ for Chinese capital in September 2015 when Bitcoin was trading around $200… its just topped $830…
As we noted recently, according to Bloomberg sources, Chinese
officials are considering policies including restricting domestic
bitcoin exchanges from moving the cryptocurrency to platforms outside
the nation and imposing quotas on the amount of bitcoins that can be
sent abroad. Further indicating that Chinese regulators were “just a little behind the curve”, they allegedly noticed only recently that
some investors bought bitcoins on local exchanges and sold them
offshore, evading rules on foreign exchange and cross-border fund flows,
the report further reveals.
Dec 22 16 1:56 PM
zerohedge.com / by Tyler Durden / Dec 22, 2016
Just yesterday we noted the resurgence in Bitcoin as China turmoil accelerates, but overnight (as Yuan weakened further), demand for the cryptocurrency has soared once again, sending the price (in USD) to $875 – the highest since Dec 2013. Bitcoin is up over 10% this week alone.
Bitcoin is soaring…We first warned of this ‘outlet’ for Chinese capital in September 2015 when Bitcoin was trading around $200…now it is trading at $875
Dec 24 16 2:56 AM
For the 3rd night in a row, China opens with a panic bid for Bitcoin. The cryptocurrency is now up over 14% in less than 3 days, topping $900 for the first time since December 2013. Interestingly yuan is not moving much tonight.
The USD price for a Bictoin has soared over 14% in the last 2 days. We first warned of this ‘outlet’ for Chinese capital in September 2015 when Bitcoin was trading around $200…now it is topping $900…
Dec 24 16 3:15 AM
dollarvigilante.com / by Jeff Berwick / December 23, 2016
Bitcoin has had quite a month, rising from $725 to a high of $911 today.
This also means it has broken out to new all-time market capitalization highs overtaking its previous highs in 2013.
The Dollar Vigilante has been covering bitcoin regularly since recommending it at $3 in 2011.
Part of what is driving bitcoin’s price movement is the financial
turmoil in China. A weakening yuan in combination with increasingly
strict capital controls in the country have driven investor’s capital
out of mainland China and into bitcoin.
Dec 24 16 10:36 PM
dollarvigilante.com / by Jeff Berwick / December 24, 2016
With bitcoin attaining new highs and a market capitalization of over
$14 billion it is interesting to consider how it compares to all the
government, central bank backed fiat currencies in the world.
The worldwide terror network, the CIA, of course monitors money very closely and has a comprehensive list of each currency’s total money stock available.
With bitcoin currently having a total money supply worth more than
$14 billion US it now has a larger value than the money of 124
Countries including Malta, Estonia, Croatia, Guatemala and the Dominican Republic and over a hundred more.
Dec 27 16 10:29 AM
zerohedge.com / by Tyler Durden / Dec 27, 2016 8:21 AM
The last 5 days have seen Bitcoin prices (in dollars) soar over 18%
and over 20% in Yuan as volumes on Chinese exchanges continues to build,
seemingly anticipating notable Yuan devaluation
(confirmed by various derivative bets being placed on the Chinese
currency) and/or further capital controls looming as yet another hot
money Chinese bubble explodes in commodity-land.
Is another major Yuan devaluation looming?
Last week saw the heaviest Bitcoin trading ever on Chinese exchanges…
Dec 28 16 11:19 AM
zerohedge.com / by Tyler Durden / Dec 28, 2016 8:20 AM
For 10 straight days, progonosticators have promised that the Dow
Jones Industrial Average will break gloriously above 20,000 for the
first time in history, proving how great the economy must be (or will
be) and leading investors to the next secular bull leg of this miracle
of wall street.
So far it hasn’t happened… (Dow +11.75% post-Trump)
But halfway around the world, Chinese fears (of capital controls and
devaluation) have sparked an exodus into alternative currencies – most
notably Bitcoin as it soars towards $1000. (BTC +42% post-Trump)
Dec 30 16 8:25 PM
libertyblitzkrieg.com / Michael Krieger / Dec 30, 2016
of the things I try to do here at Liberty Blitzkrieg is identify and
comment upon major macro trends before they become apparent to the
public at large. Sometimes these trends are positive, while other times
they are decisively negative. Since I started writing publicly, I’d say
the emergence and success of Bitcoin has been the most positive macro
development I’ve observed. While I certainly wasn’t an “early adopter”
of the technology, I did identify it and highlight its significance well
before most people had ever heard of it.
My first post on the topic was way back in August 2012, and since
most of you weren’t following me back then, here it is for your
enjoyment: Bitcoin: A Way to Fight Back Against the Financial Terrorists? A few weeks later, I received my first bitcoin donations from generous readers and the rest is history. The price was $10.
A couple of years later, I came across serial entrepreneur Vinny
Lingham far before he became known as the “The Bitcoin Oracle.” He
really caught my attention with a 2014 post describing why the price was
acting so weak following its tremendous run the prior year. I found his
thought process extremely compelling and I highlighted his thesis in
the post: Guest Post: Why is the Bitcoin Price So Weak? I continued to follow his Bitcoin writings and have published them consistently ever since.
Which brings me to today’s post. A couple of days ago, Vinny updated
his thoughts for 2017 and many people are making a big fuss about his
commentary that he expects bitcoin to reach $3,000+ per BTC next year. I
find this interesting, because this is not a new call for him. He said
the exact same thing back in May, which represented a much bolder call
since the price was trading below $500 (it’s at $950 today). That
original forecast was covered in the post, Vinny Lingham on the Bitcoin Price – Prepare for the “Mother of All Short Squeezes.”
Jan 1 17 8:24 PM
zerohedge.com / by Tyler Durden / Jan 1, 2017 12:34 PM
2017 is off to a good start if you are holding Bitcoin
as volumes continue to surge through Chinese Bitcoin exchanges amid
fears of increased crackdowns on foreign exchange transfers in the new
year. In the last 24 hours, BTC China has seen prices spike above 7,100
yuan (well over $1000 at the onshore rate exchange) as Bitstamp reports prices over $990.
Bitcoin in China topped 7,100 this morning – and with USDCNY at 6.945, that is over $1000…
Jan 2 17 9:46 AM
dollarvigilante.com / Jeff Berwick / January 1, 2017
In the first hours of 2017, bitcoin has surpassed the $1,000 USD mark.
This marks an amazing run for bitcoin. Two years ago it was $200.
One year ago it was $400. Six months ago it was $600. One month ago it
Jan 4 17 11:54 AM
zerohedge.com / by Tyler Durden / Jan 4, 2017
Bitcoin is no stranger to extreme fluctuations. As Visual Capitalist’s Jeff Desjardins notes, for each of the last four years, the cryptocurrency has either been the best or the worst performing currency – with nothing to be found in between.
Luckily, for those that follow the digital currency closely, those
fluctuations were mostly pointed in an upwards direction for 2016. The
currency finished the year at $968.23, which is more than double its
value from the beginning of the year.
Were any other global currencies able to compete with bitcoin’s strong performance throughout the year?
Jan 4 17 12:06 PM
This is what Wikipedia says about Bitcoins:
Bitcoin is a peer-to-peer payment system and digital currency introduced as open source software in 2009 by pseudonymous developer Satoshi Nakamoto. It is a cryptocurrency, so-called because it uses cryptography to control the creation and transfer of money. Conventionally “Bitcoin” capitalized refers to the technology and network whereas “bitcoins” lowercase refers to the currency itself. Bitcoins
are created by a process called mining in which participants verify and
record payments in exchange for transaction fees and newly minted
bitcoins. Users send and receive bitcoins using client software on a personal computer, mobile device or web application. Bitcoins can be obtained by mining or in exchange for products, services, or other currencies.
your head hurt yet? Mine did when I first started out, I am mentioning
bitcoins only because I predict this will how money will go in the
future, so why not get in on it now. There are other similar coins out
there too, Dogecoin, litecoin, sexcoin… you name it you can mine it.
What people are doing now tho is mining an easier coin and converting it
into Bitcoins…. the possibilities are just endless.
Jan 4 17 12:20 PM
Jan 5 17 4:04 AM
zerohedge.com / by Tyler Durden / Jan 4, 2017 12:02 PM
Bitcoin just topped $1100 for the first time since Dec 2013, bringing it closest to gold ever…
Jan 5 17 10:55 AM
zerohedge.com / by Tyler Durden / Jan 5, 2017 8:08 AM
Following yesterday’s ‘panic’ among mexican officials that Trump has considerably more leverage than the elites believed, the peso is soaring suddenly this morning as Banxico intervention took place. At the same time, following comments from official reserachers in China on capital controls and crackdown on ‘virtual’ outflows, Bitcoin is getting hammered – biggest drop in 2 years.
Initially it was speculation but now Bloomberg confirms a comment from the central bank:
Jan 5 17 11:01 AM
wealth.goldmoney.com / BY STEFAN WIELER / JANUARY 04, 2017
The price of Bitcoin seems to have exceeded the
price of gold for the first time; however, this comparison is completely
arbitrary. Gold is measured in weight, while Bitcoin, much like
currency, is an abstract form of money and can only be measured in units
of itself. One Bitcoin is worth a lot more than 1 gram of gold, but a
lot less than 1 tonne. Despite Bitcoin’s stellar performance in 2016,
the size and depth of the cryptocurrency market is dwarfed by the $7
trillion gold market. Gold remains the only true global money with a
size and volatility comparable to that of fiat currency.
View the entire Research Piece as a PDF here…
Bitcoin – or cryptocurrency itself – is the most exciting monetary experiment in modern times.
Unlike fiat currency, it can’t just be printed, and
it mimics the scarcity properties of gold in that it needs an enormous
amount of energy to create one coin. The energy-proof of value is what
links gold to the primary industries and allows it to maintain its
purchasing power over incredibly long periods of time. Without it, any
form of money will inevitably be corrupted over time and decay. Bitcoin
has some of the same energy-proof of value that makes gold far superior
to fiat currency, which can be created with the stroke of a key.
Bitcoin, also like gold, is a global currency that may be universally
accepted in the future. Even USD can’t make that claim.
Bitcoin has some qualities that are not shared by
any other form of money, most notably the potential total anonymity in
electronic transactions; however, some might feel that aspect that may
prevent the universal adoption of Bitcoin as money. Today, the global
stock of Bitcoin is just $20 billion (despite its price rally) and its
transaction volume is tiny, even when compared to more exotic
currencies. That said, as the adoption of Bitcoin increases, governments
may no longer be happy with the fact that it can be used for anonymous
transactions and may prevent legitimate businesses from accepting it as
money if they see this as a threat. Only time will tell. In the
meantime, Bitcoin remains the only alternative to gold (and other
precious metals) for savers to escape the built-in decay function of
fiat currency otherwise known as inflation.
Bitcoin is currently in the limelight because it has
apparently exceeded the price of gold for the first time on some
exchanges (although at the time of writing, Bloomberg still shows an
average price of Bitcoin hasn’t crossed the gold price yet, but it seems
just a question of time). We have no doubt that this will lead to a
barrage of headlines in online media, and some mainstream outlets will
jump on the bandwagon as well. After all, they already widely reported
on a claim made by the Winklevoss brothers in mid-2016 that Bitcoin’s
volatility had apparently fallen below the volatility of gold, and thus
Bitcoin had become “better at being gold than gold”. We rebutted this claim and surely Bitcoin’s volatility shot back up to 100% shortly thereafter.
Jan 5 17 11:02 AM
goldstockbull.com / By Jason Hamlin / January 4th, 2017
Bitcoin was the best performing currency in 2016. It was likely the
best performing asset that you could have bought. It was trading at just
$550 six months ago and is now trading at $1,150, with the price more
than doubling since August. Over the Summer, I wrote the following to
our premium members:
Lastly, it is worth noting that Bitcoin is on the move
higher once again. The price is up roughly 15% in October to $692. I
believe it is likely to climb above $1,000 within the next 12 months.
Bitcoin outperformed even my wildly bullish expectations, shooting
above $1,100 in less than 3 months since I wrote that note to our
subscribers. It is up over 3X from the 2016 low and has much higher to
run in my view. Bitcoin is advancing for a number of reasons, but the
new war on cash and capital controls in China and elsewhere are pushing
people to get their assets out of the control of the government and safe
Jan 6 17 12:13 PM
sprottmoney.com / By Nathan McDonald / January 5, 2017
Another boom and another crash. The story of Bitcoin has been a
roller coaster ride of rises and falls to say the least. Once again,
people have either engaged directly in the bubble, or stood on the
sidelines and watch in awe as Bitcoin has catapulted higher in recent
Yet, this was not meant to last. Once again, as it has so many times
before, Bitcoin has suffered a serious setback, falling roughly 31%
The recent rise in price was almost entirely driven on the news out
of China, in which capital controls have begun being imposed upon its
citizens, proving once again that your money isn’t your money unless
you’re holding it in your hands.
This was a bubble that some knew had a shelf life, while others were
simply being blissfully ignorant of the reality surrounding the
The fact of the matter is, if the Chinese government was imposing
capital controls and knuckling down on its people, then why wouldn’t
they take notice of those trying to escape with their money via Bitcoin?
Well, the obvious answer is now clear to all, even those who didn’t
wish to see what was unfolding. The Chinese government has crashed the
price of Bitcoin overnight by simply suggesting that they will begin
controls on “virtual”capital.
Jan 6 17 12:39 PM
armstrongeconomics.com / by Martin Armstrong / Jan 6, 2017
The rally in Bitcoin has come out of China, which has accounted for
98% of bitcoin trading in the past six months. China is also home to
about two-thirds of the world’s bitcoin mining power. The Phase
Transition spike in Bitcoin is very alarming for it flies right in the
face of government’s worldwide and what they are trying to accomplish by
The Chinese have been buying bitcoin onshore, selling it offshore for
another currency and then moving the money to a bank account. This is
how the Chinese individuals can taken cash out of the country
circumventing all regulation. The Chinese government has been
strengthening requirements for citizens converting their yuan and with
Trump coming into office, China fears that lower values for the yuan
will become a trade war even if the government is not activity trying to
depreciate the yuan for trade. Conversions of yuan are already subject
to a quota or currency controls in an effort to curb capital outflows.
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