Just the other day the king of Cryptocurrency Bitcoin's market cap has risen and beaten Goldman sachs (at 92 Billion dollars).
Now Blackrock started to moan and whine, name stamping cryptocurrencies, because people are pulling out their money from their investment scams such as iShares and putting their money into Bitcoin and Ethereum.
Give it couple of years and blockchain technology will blow pass these fascists institutions one by one such as number one investment bank JP Morgan Chase (at 350 Billion dollars) and surpass it leaving it behind like a bad nightmare.
These so called by themselves "Elite" will do anything within their kakistocracy "shitocracy" through old ways of mind manipulation and fear injection to get better of the uneducated majority of population.
Now it comes the time that they have to give in and dismantle their long lived charade and financial laws and undemocratic "regulations".
That is why these actual crooks keep on stamping and name calling cryptocurrency a device for terrorists, murderers, drug dealers etc. and obfuscating themselves from the general public, meanwhile them being the real culprits behind it all, being the main financiers of the wars by controlling the governments and taxations. (The biggest business there is).
Isn't all the murder, extortion, drug dealing, money laundering, war financing has been done with USD & GBP for the last decades?
How Humanity Will Be Robbed By The Banks Soon: Max Keiser
Despite all their power and the injection of fear and hate into the societies, such financial mega corporations are on the verge of major disruption by the Cryptocurrency revolution,
These "investment institutions" are composed of small groups of people whom do not deserve their luxurious life through particular individual achievement and rather by just belonging to a group that believes the rest of the world have to be slaving for them and their never ending greed. How much is enough?
One would ask why they cannot stop this revolution with all the power the have gained through many years of conservative accumulation of money through their self made laws and tyranny?
The answer is because they effectively, practically and physically cannot stop it!
This time they have been outsmarted by the movement of intelligent individuals whom have achieved their status in life not buy their family background status (i.e. Rotchchilds), and whom are fed-up slaving to bunch of spoiled self-righteous tyrants that believe their word is the law.
The only law that cannot be changed is the law of nature.
Stopping Cryptocurrency to flourish would be like them trying to stop hyper-nova or change the physics laws.
That is not going to happen, no matter how rich their forefathers have become by scamming rest of the world snatching peoples wealth, lands and properties by force claiming through wars, fear and spread of hatred as their main strategies.
Only way to deal with such parasites is not debate or a logical conversation as they will always resource back to power and force.
Physics and mathematics is simply incorruptible and none-negotiable weapon on our side.
Technical analysis, is it for forecasting or is it just a statistical analysis tool?
There is an ongoing challenge to forecast the markets, be it bonds, stocks, derivatives or ETFs.
We all worked with analysis tools such as RSI, Bollinger bands, Macd, Elliot waves, etc. and pulled in and out of the stock positions, sometimes with a win and sometimes with losses.
In the last 20 years of trading I can say that the ratio of pure technical analysis being valid has always been very short lived.
Technical analysis is a tool for creating reports and not forecast the future of stocks etc. that have so many external logical factors influencing them, not to mention lots of illogical and manipulative factors.
In traditional market technical analysis could possibly be used to forecast very near future (around and up to one month).
That is because of the insider information that travels "first to elite" then the rest of the population.
Also governments have "regulated" the market by controlling the population with all the tricks up their sleeves or creating fear, to be able to create "regulation" in market so the have their own income stable and keep the bosses "Financial institutions & investment banking giants" happy.
Cryptocurrency on the other hand, by nature is opposed that philosophy.
Spreading fear through technical analysis is simply another calculated scam to control the minds of the slightly smarter communities. (Like the Jedi mind control that only applicable to the ones whom have some intelligence).
The technical analysis methods i.e.: (RSI, Macd, Bollinger bands Elliot waves etc.) are only applicable for "forecasting" if you can control the population. Perhaps slightly applicable reporting mechanism for traditional centralised investments and not decentralised blockchain based cryptocurrency.
Even Fibonacci numbers are a set of numbers that can be applied to algorithmic systems and patterns and not fortune telling mechanism as some layman's believe. The only reason it "sometimes" works out is when enough people believe in it they trade at those levels and as a result it seems like magic.
These are similar tricks that is also used in religions for controlling the masses.
Future of crypto currency does not rely only on Bitcoin
Future of crypto currency is not only in Bitcoin investment
Right now Ethereum and a lot of other advanced coins such as Omisego, IOTA, Link, Kyber are by far behind Bitcoin just because people are not yet educated to understand the differences or the use case of each.
For instance:
Ethereum is a platform with Ether currency that also offers smart contracts for creating applicable products such as ERC20 tokens. Soon to be: Anonymous, Quantum proof, amongst many other technical improvements to come.
ETHEREUM
Omisego (Solving a very large problem from use-cae aspect by bringing banking to south-east Asia and its strong relationship, "a good example of Ethereum's ERC20 contract/coin)
OMISEGO
Kyber Network Bringing atomic swaps and decentralized exchange. another ERC20 token!
KYBER NETWORK
At the moment the investment banking and generally the financial institutions have found another way to delay their imminent annihilation, by pushing governments to stop the flow at the bottle neck: "The exchanges".
This will also not last very long, as there are many developing blockchain exchanges such as Kyber, that not only make the traditional exchanges obsolete but also the traditional banks and exchanges to work harder for their customers, instead of making their lives a living hell.
IOTA already being Quantum proof and making zero cost high seed"flash" transactions by creating a wireless network upon "Internet Of Things", through collaborating with companies producing such smart devices such as Bosch and Samsung and electronic car producers, particularly full electric cars such as Tesla.
IOTA
Not the least, Chain-Link "Smart contracts" with the simple straight forward genuine elaboration of their business model that can be picked up by first glance of their white paper.
CHAIN LINK
Another ERC20 Ethereum token again making the exchanges, banks and all that middle men obsolete by creating a bridging smart contract between Ethereum and services such as Stock markets, Insurances and even consumer products.
On the other hand Bitcoin: The very first Crypto-crrency that keeps on spawning new names BCH, BCG but does not offer that much more.
There are still dangers that well financed traditional financial institutions try to make crypto market unstable by pumping and dumping or to create bogus equivalents of it and destroy its value by flooding the market and they've tried that many times recently but there is only so many times that people will be fooled by it.
Bitcoin itself will always remain the legacy of the Crypto-world and the revolution that resulted the "blockchain".
The democracy in financial system that eventually will force the governments to work for the people and not the lowest minority of the population whom have the most of the worlds wealth.
Farbod Farrokhnia
16 October 2017 (Ethereum Byzantium day)
It's about time to realise that we humans taking ourselves too seriously and we are not the most important "things" in world and learn to appreciate and enjoy our short stay in such miraculous world in a more harmonious manner.