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TOPIC: Bitcoin jumps above $1,000 for first time in three years

Bitcoin jumps above $1,000 for first time in three years 02 Jan 2017 22:32 #1

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By Jemima Kelly | LONDON
Digital currency bitcoin kicked off the new year by jumping above $1,000 for the first time in three years late on Sunday, having outperformed all central-bank-issued currencies with a 125 percent climb in 2016.

Bitcoin - a web-based "cryptocurrency" that has no central authority, relying instead on thousands of computers across the world that validate transactions and add new bitcoins to the system - jumped 2.5 percent to $1,022 on the Europe-based Bitstamp exchange, its highest since December 2013.

Though the digital currency has historically been highly volatile - a tenfold increase in its value in two months in late 2013 took it to above $1,100, before a hack on the Tokyo-based Mt. Gox exchange saw it plunge to under $400 in the following weeks - it has in the past two years been more stable.

Its biggest daily moves in 2016 were around 10 percent, still very volatile compared with fiat currencies, but markedly lower than the trading of 2013, which saw daily price swings of as much as 40 percent.

Bitcoin may have been boosted in the past year by increased demand in China on the back of a 7 percent annual fall in the value of the yuan in 2016, the Chinese currency's weakest showing in over 20 years. Data shows most bitcoin trading is done in China.

Bitcoin is used to move money across the globe quickly and anonymously and does not fall under the purview of any authority, making it attractive to those wanting to get around capital controls, such as China's.

It is also may appeal to those worried about a lack of supply of cash, such as in India, where Prime Minister Narendra Modi removed high-denomination bank notes from circulation in November.

"The growing war on cash, and capital controls, is making bitcoin look like a viable, if high risk, alternative," said Paul Gordon, a board member of the UK Digital Currency Association and co-founder of Quantave, a firm seeking to make it easier for institutional investors to access digital currency exchanges.Though bitcoin is still some way off the all-time high of $1,163 that it reached on the Bitstamp exchange in late 2013, there are now more bitcoins in circulation - 12.5 are added to the system every 10 minutes. Its total worth is at a record-high above $16 billion, putting its value at around the same as that of an average FTSE 100 company.

(Reporting by Jemima Kelly; Editing by Peter Graff)

www.reuters.com/article/us-global-markets-bitcoin-idUSKBN14M0IF
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Bitcoin jumps above $1,000 for first time in three years 02 Jan 2017 22:35 #2

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Nazi Currency Bitcoin Hits $1000 USD Value



Hitting the Jew where it hurts: their gold.


One of the biggest problems we have in the nationalist sphere is that we don't have any money. This isn't because we're all broke NEETs (well... for the most part), but rather because the Jews keep shutting all of our stuff down.
They can do so because they have total control over the banking and financial system.

Some people promote the use of silver or gold as an alternative to the Jew banking system. The problem with that, other than the fact that Jews own most of the gold, is that you can't send it through these tubes to support activists.

Bitcoin, on the other hand, doesn't suffer from those problems.

And it's wildly successful.


We don't talk much about economics or central banking here at the Daily Stormer, not because those things aren't important or related to our struggle, but simply because it tends to be pretty abstract and boring. Plus, you don't need to understand the esoteric details of how the Jews scam the goyim in order to act against it.
But make no mistake, these "federal reserve-style" debt-based currencies are a key factor in how the Jews have enacted our dispossession, at the material level. The immense fortunes they amass through this fraud are then used to fund anti-White programs and further their grip over our governments, businesses and media.


The primary benefit of bitcoin is the freedom it grants from a centralized authority. In our case, this authority is the Jew system. In China, they're seeking refuge from the government's inflationary policies, which destroys their savings in order to undercut American manufacturing.
But as a secondary benefit, bitcoin is a good investment, at least in the long term. Because of the way it works, the supply is limited. So unlike government paper money, it tends to increase in value over time, instead of steadily losing value over time.

In the time since I wrote about bitcoin in July, the value has gone from 650$ to 1000$.



Of course, this isn't investment advice.

The point is that the success of bitcoin is a victory against the Jew's money power, and is good for our struggle. If your average normie took all his savings out of his Jew bank and bought bitcoin instead, this would be a huge blow against our enemies.

The mainstream media can't help but note that bitcoin is outperforming all central banking currencies and most forms of investment, though they do try to scare away the normies by talking about how "volatile" it is. This can't help but fuel further growth for crypto-currencies, and encourage the start-up of services accepting it as a payment method.

bbs.dailystormer.com/t/nazi-currency-bitcoin-hits-1000-usd-value/74604
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User(s) who Liked this post: backfromthebrink

Bitcoin jumps above $1,000 for first time in three years 02 Jan 2017 23:02 #3

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I have some young, savvy friends that bought a lot of bitcoins at about ten bucks, several years ago.
They are rather happy about this, I'd wager. I will see them next week and will be interested to talk with them about this.
"From each according to his ability, to each according to his need."
Last Edit: 02 Jan 2017 23:03 by bd.
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Bitcoin jumps above $1,000 for first time in three years 06 Jan 2017 17:57 #4

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My friends tell me it is now 1500 bucks.
One has made himself a millionaire.
He's retired at 37.
"From each according to his ability, to each according to his need."
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Bitcoin jumps above $1,000 for first time in three years 07 Jan 2017 23:03 #5

Bye bye shooebox money
hello crypto currency :thumbup:
The wisdom of my soul is out of this world

*Until now*
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Bitcoin jumps above $1,000 for first time in three years 08 Jan 2017 14:34 #6

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Crypto vaults are too easily hacked IMO.
I took a small bath on Dogecoin when the vault was robbed.
Some lost a shit load of cash and there is feck all anybody can do to recover losses.
That said when BTC started out there was a lad over on DIF who mined a whole cache and was boosting BTC as a good buy.
Anybody who bought in on his advice and hasn't had their cache stolen will be very happy now.
:)
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Bitcoin jumps above $1,000 for first time in three years 08 Jan 2017 17:02 #7

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China Launches Bitcoin Crackdown: PBOC Will Probe Abnormal Investor Behavior "And Rectify Misbheavior"

www.zerohedge.com/news/2017-01-07/china-launches-bitcoin-crackdown-pboc-will-probe-investor-behavior-and-rectify-misbh
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Bitcoin jumps above $1,000 for first time in three years 08 Jan 2017 17:13 #8

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.......... wrote:
China Launches Bitcoin Crackdown: PBOC Will Probe Abnormal Investor Behavior "And Rectify Misbheavior"

www.zerohedge.com/news/2017-01-07/china-launches-bitcoin-crackdown-pboc-will-probe-investor-behavior-and-rectify-misbh

Chinese 'whales' run pump and dump scams with cryptos.
They move massive amounts about and effectively control the price.
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Bitcoin jumps above $1,000 for first time in three years 09 Jan 2017 00:28 #9

GMP wrote:
Crypto vaults are too easily hacked IMO.
I took a small bath on Dogecoin when the vault was robbed.
Some lost a shit load of cash and there is feck all anybody can do to recover losses.
That said when BTC started out there was a lad over on DIF who mined a whole cache and was boosting BTC as a good buy.
Anybody who bought in on his advice and hasn't had their cache stolen will be very happy now.
:)

:thumbup:

Now does one feed the poor or educate them on how to feed themselves
Im using my coin to build a spiritual army ,
The wisdom of my soul is out of this world

*Until now*
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