I had a curious conversation with Channel I’M / Channeliam on #Bitcoin investment and trading strategies for 2018. Never knew it will be a precursor to such an interesting time for bitcoin signals and global market economy as a whole. Interesting times indeed! There are ongoing debates about considering Bitcoin as a currency, commodity, and trading instrument for futures.
Is bitcoin a conventional currency ? no, it is not. It is a digital currency produced by the intellectual labor of a decentralised and self organised collective. Is it a conventional commodity ? no, it is not. It is a digital asset build from a social network of conventional commodities.
At the moment, global market economy is ever more interested in the #bitcoin signals as the correlation between conventional stocks and bitcoin is getting very close. Following articles in global financial journals and magazines are loud testimonials to this pulse.
It is loud and clear. Bitcoin has become the most dynamic and most social and most evolutionary financial machinery human kind has ever created. It has created a trust machine so massive that we have started using supercomputers to mine and monetise it.