Alibaba is Great with Bitcoin and so is Volatility

A recent post stated that Alibaba, in its huge public offering hype, has caused the dip in the Bitcoin as of late. This has puzzled the hell out of me, how does such fud get through? Have they even used the site before?

Alibaba is and International E-Commerce engine. You can chat to the manufacturer of a product online, and YOU CAN USE BITCOIN TO PAY!! it's not regulated on the site! It makes the whole process a lot better and faster and cheaper, which is a key thing when you’re trying to get things manufactured on the other side of the world. It's a great thing for crypto-currency.

Its more likely the recent movement in the market involves two main factors.

1 is Apples decision to remove bits from their Chinese app store.  

2 the activity of the new CFD for Bitcoin coming online

We know China is the largest market for Bitcoin at the moment and that's because its a really good thing for the people there. Its seems that likely Apple have an issue with their Chinese State Commercial banker who doesn't like it. No kidding! not many bankers do, and you wouldn't want it to stall your iPhone role out. So the public sell off a few of their coins and it hits the media lens.

It's not like its hard for Apple to change their app store (maybe after the role outs done) they've done it before. You've gotta wonder how the general public in China feel about their latest U2 album?

In recent news you'll read that US stock exchanges have engaged the market with the new "certified" Bitcoin CFD (consumer finance derivative) in NewYork. This is point two. What you might not know is that this allows the computers that are actually located on wall street to make rapid transactions (in and out in milliseconds) on the wall street servers and take advantages against other traders, from this head start on the new Bitcoin CFD market. 

These "intelligent" (and ruthless) computer algorithms utilise the short sell just as much as the buy and can be set up with various parameters. They also tend to exaggerate fluctuations, such as the one discussed above caused by the news about iphone's. You would suspect that the operators are also quite anti-crypto. 

These systems have heaps of capital behind them and the CFD is linked to the physical Bitcoin market and can move prices around. I expect we will see surges in volume relation to the opening and closing hours at the New York Stock Exchange and sudo cyclical volatility which makes it very difficult to trade for profit with average Joe human logic. 

This has been happening on all CFD symbols. Currencies, stocks, precious metals and commodities all suffer from the same new randomness. Have a look at any chart They all look smooth and then change between 2002 and 2006 and go crazy jagged like this gold chart. This is around the time that advanced computer trading systems came online.

The thing is that Bitcoin can handle more volatility than any other, whats the word? trade thing? CFD, currency, you name it. Its survived more volatility than anything else we've seen in the last 500 years (including tulips).

Volatility also has less impact on purchases made with digital currency than with other mediums. For example; on the Dell or Overstock website, or Open Bazaar or Alibaba or wherever you may be using your coins, the street? the value of Bitcoin required can be automatically updated to compare with something else in real time. Unlike old money, Cryptographic money has no "foot leather costs" and you don't have to get up write over price price tags. We have an app for that;)

Instant transfers mean that the value during the course of a transaction doesn't have a chance to move. This whilst the financial bots on wall street throw every currency around the block. Like an earthquake 8.0 on the Richter scale as you wait the 4 days that it takes to transfer old money internationally. Bitcoin users can feel safe with a flexi earthquake strengthened currency.

It all adds up to a better Alibaba