The Key word to the successful surge in the pricing and valuations for #Bitcoin is "Currency"... especially when it INVOLVES the "Decentralization" of wealth ownership. The Fundementals on which all "Currency" trade is built on the basis that for every unit transacted involves the basics of "Subtraction" & "Addition" between the parties involved with the "trade"... in a "Free-Market" scenario that involves participants of more than 5 entities, there's bound to be someone who will gain more wealth that's being traded especially when there is a higher "demand" to the availability of the "supply" of the "product"....in this case, where there only 21million units of BTC ever available to the Market (with a majority yet to be mined) ontop of a #Yield_Starved equity market, Bitcoin has built itself on the very Existence of where, when, what, who & how the trust ( Failure and Desintigration) of the current Manipulated & Corrupted Fiat Financial System has been Clearly diminishing.
With the current status of all the Global financial system's Debt based #Derivatives_Exposure platform, which accounts into the high $$$$ 2.7Quadrillion all seeking for a relief valve to Generate "Return on Investment" (ROI) as per indicated in the below chart
One can only hypothesis based on a minimal inflow/transfer of 10% from the total Derivative exposure valuations into the Bitcoin/Cryptoverse Market...one would be looking at a "smallish" figure of approximately $270 Trillion... which leads into the current evidence that is the beginning of this process from the article below.
https://www.theguardian.com/technology/2017/nov/27/bitcoin-nears-10000-dollar-mark-as-hedge-funds-plough-in
The most important thing to this wealth transfer "Event" that most people do not see is...what will happen to the current #Fiat_Currency valuations ?
From the above data there's only approximately $50Trillion physical Fiat Currency that's up to date available Globally... (is this why All Centralized Bankster Institutions are fearfully attempting to curb and stifle any interest and knowledge to the potential dimise of the Fiat Financial System?)
Is Bitcoin in a Bubble? Or is it the "Product" that will change how #Financial_Freedom "Trust based Transactable Currency" will be the future or are we seeing the "Planned Demise of the Current Fiat Financial System ... using pure fundementals, quantifiable, acceptable, justifiable mathematical possibility at a minimal amount of just another 10% of the currently reported existing $50 Trillion dollars into Bitcoin and the Cryptoverse...dare you imagine what it could potentially lead to?
<Gold is the Ransom of Kings (which most individuals aren't), Silver is the value of Men (sadly not many have the Sterling and Integrity to own up to be), Tokens and Barters are for Slaves ( even more discouraging to admit that most people today do trade in both forms)... which do you trade with? (KNOW WHEN TO DIVERSIFY AND REPOSITION YOUR PORTFOLIO/ASSET CLASS)>
December 2017 outlook... $13775/BTC ( with a correction of 20 - 35% by early mid January 2018)
January 2018 outlook... $17525/BTC ( with a potential correction allowance of max 26.75% by early February) to then see
March 2018 @CNY100000/BTC 😱
Till the next post,
God bless you and peace to all.
preacherofstorms