Gold collapsing. Bitcoin UP. - page 1055.

Adrian-x

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Quote from: Zarathustra on August 01, 2014, 03:37:30 AM

Quote from: Erdogan on August 01, 2014, 02:31:25 AM

What we see with government debt as in Argentina, is that after a default, the market "forgives" a county, and start lending again. Then we have the same thing going.

Analysis: Government debt is a pyramid scheme, ...

Civilization (governed human beings) is a pyramid scheme.

By that measure Bitcoin is a pyramid scheme too. While civilization seems to be degrading along with the global financial system Bitcoin is just getting started. I think Bitcoin going to really inflate that civilization bubble Type 1 civilization here we come.

molecular

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Quote from: cypherdoc on August 01, 2014, 11:03:20 AM

https://twitter.com/cypherdoc2/status/495238213481811968

Did anyone read Rickards new book "The Death of Money"?

cypherdoc

legendary

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https://twitter.com/cypherdoc2/status/495238213481811968

cypherdoc

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Quote from: molecular on August 01, 2014, 10:56:03 AM

Quote from: cypherdoc on August 01, 2014, 10:49:48 AM

6. look the hell out.

what was it? "the flight to safety"? "the run on bitcoin"?

i meant look the hell out if you have traditional financial investments.

cypherdoc

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1. silver trying to hold on --> leads gold.
2. hint: SLW negative.
3. during the last crisis, both the USD and UST strengthened. it's likely we won't be so lucky this time and may only get one of those sought as a safe haven. take your pick which one but the point is it represents degradation if we get only one.

molecular

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Quote from: cypherdoc on August 01, 2014, 10:49:48 AM

6. look the hell out.

what was it? "the flight to safety"? "the run on bitcoin"?

cypherdoc

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so today's follow-on from yesterday's bullish engulfing daily candle tells us a few important things:

1. we've likely had a major reversal in trend from an intermediate term bottom at 555.9
2. this is the first, and possibly the 2nd time in Bitcoin's history where we might be able to claim that it is a safe haven from traditional financial turmoil, as in Cyprus, and yesterday's -317.06 stock mkt crash.
3. despite today's gold bounce, the fact that yesterday they were inversely correlated during the stock mkt crash, tells me at least, that this inverse correlation will continue. i consider gold's bounce today a dead cat bounce.
4. there's more to come to the downside in traditional mkts-we've likely hit the extended 4yr cycle top in the Dow
5. for the last 5yr, the primary dealers have laid all their toxic debt off on their sovereigns; the next crisis is likely to happen in sovereign debt. we came close with Greece and Cyprus. but now Argentina looks to be the straw that breaks the camel's back.
6. look the hell out.

kehtolo

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There was when I went to school.. Tongue

I was obviously said in jest.. I'm almost 37.. and it's almost 30 years since I've earnestly accused someone of jinxing something.

Anyway.. just refueling the rocket!

cypherdoc

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Quote from: kehtolo on August 01, 2014, 05:07:21 AM

Quote from: cypherdoc on August 01, 2014, 04:59:09 AM

Excuse me for interrupting but,

Rally time!

Ah no.. you jinxed it!!

kehtolo

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Quote from: cypherdoc on August 01, 2014, 04:59:09 AM

Excuse me for interrupting but,

Rally time!

Ah no.. you jinxed it!!

cypherdoc

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Excuse me for interrupting but,

Rally time!

HeliKopterBen

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Quote from: Melbustus on July 31, 2014, 09:30:33 PM

Arghh... The LA Times is quoting Mark Williams in an article on the Coinabul mess: http://www.latimes.com/business/technology/la-bitcoin-defrauding-20140729-story.html

How they can present that guy as a valid opinion for anything bitcoin related is beyond me. Don't know why it annoys me so much, but it does.

The author is Riley Snyder. I think people should point out to him what a terrible source Williams is. His twitter handle is: @RileySynder . CCing @latimes probably wouldn't hurt either. And he can be emailed here: [email protected]

Why blame bitcoin? Is gold not just as much at fault if this is a bitcoin to gold service. Users can prove payment in bitcoin. They can't do that with gold. It seems to me that gold would be more at fault... that is of course if you want to blame the tool and not the site operator.

Zarathustra

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Quote from: Erdogan on August 01, 2014, 02:31:25 AM

What we see with government debt as in Argentina, is that after a default, the market "forgives" a county, and start lending again. Then we have the same thing going.

Analysis: Government debt is a pyramid scheme, ...

Civilization (governed human beings) is a pyramid scheme.

BldSwtTrs

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Quote from: molecular on August 01, 2014, 02:02:55 AM

Quote from: cypherdoc on July 31, 2014, 06:00:50 PM

Quote from: smoothie on July 31, 2014, 05:47:58 PM

Time to rocket up.

I love how Cypher has essentially discontinued his private news letter and has now given a quasi-version of his letter publicly in this thread.

Loving it. Grin

if you'll remember, i established the newsletter cuz i was getting tired of sharing my ideas only to be heavily trolled here in this thread. figured i'd just share with the ppl who appreciated me.

did that, was highly successful, trolling here mostly disappeared, i got tired of publishing it, and now i'm right back here still doing it. Grin

well: thank you. One of my favorite threads.

+1

Erdogan

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What we see with government debt as in Argentina, is that after a default, the market "forgives" a county, and start lending again. Then we have the same thing going.

Analysis: Government debt is a pyramid scheme, where everybody knows that they will go bust again, but, starting at low value, they will appreciate for a while, until they don't.

molecular

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Quote from: cypherdoc on July 31, 2014, 06:00:50 PM

Quote from: smoothie on July 31, 2014, 05:47:58 PM

Time to rocket up.

I love how Cypher has essentially discontinued his private news letter and has now given a quasi-version of his letter publicly in this thread.

Loving it. Grin

if you'll remember, i established the newsletter cuz i was getting tired of sharing my ideas only to be heavily trolled here in this thread. figured i'd just share with the ppl who appreciated me.

did that, was highly successful, trolling here mostly disappeared, i got tired of publishing it, and now i'm right back here still doing it. Grin

well: thank you. One of my favorite threads.

smoothie

legendary

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Merit: 1491

LEALANA Bitcoin Grim Reaper

Quote from: HeliKopterBen on July 31, 2014, 09:01:38 PM

Quote from: Adrian-x on July 31, 2014, 04:18:21 PM

Wow +1 lets add the DOW back too.

Since the beginning of this thread:

GOLD DOWN: -24.2%

BTC UP: +11,075%

OR

GOLD DOWN: -99.32% when priced in BTC

BTC UP: +14,603% when priced in Gold

-------------------------------------------------------------------------------------------------------

DOW UP: +25%

BTC UP: +11,075%

OR

DOW DOWN: -98.88% when priced in BTC

BTC UP: +8,878% when priced in DOW

When you put it into terms like that this blows my mind. Shocked

Adrian-x

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Thanks HeliKopterBen.

Melbustus

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Arghh... The LA Times is quoting Mark Williams in an article on the Coinabul mess: http://www.latimes.com/business/technology/la-bitcoin-defrauding-20140729-story.html

How they can present that guy as a valid opinion for anything bitcoin related is beyond me. Don't know why it annoys me so much, but it does.

The author is Riley Snyder. I think people should point out to him what a terrible source Williams is. His twitter handle is: @RileySynder . CCing @latimes probably wouldn't hurt either. And he can be emailed here: [email protected]

HeliKopterBen

hero member

Activity: 622

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Quote from: Adrian-x on July 31, 2014, 04:18:21 PM

Wow +1 lets add the DOW back too.

Since the beginning of this thread:

GOLD DOWN: -24.2%

BTC UP: +11,075%

OR

GOLD DOWN: -99.32% when priced in BTC

BTC UP: +14,603% when priced in Gold

-------------------------------------------------------------------------------------------------------

DOW UP: +25%

BTC UP: +11,075%

OR

DOW DOWN: -98.88% when priced in BTC

BTC UP: +8,878% when priced in DOW

Topic: Gold collapsing. Bitcoin UP. - page 1055. (Read 2032266 times)