Gold collapsing: -2.54%, -$33.39
Amazing! How low do you think it will go? What about silver?
actually lower, as I'm doing these calcs in my head and neglecting to factor in that silver moves much more violently than gold.
Topic: Gold collapsing. Bitcoin UP. - page 1085. (Read 2032266 times)
Amazing! How low do you think it will go? What about silver?
actually lower, as I'm doing these calcs in my head and neglecting to factor in that silver moves much more violently than gold.
Gold collapsing: -2.54%, -$33.39
Amazing! How low do you think it will go? What about silver?
Gold collapsing: -2.54%, -$33.39
Amazing! How low do you think it will go? What about silver?
Gold collapsing: -2.54%, -$33.39
This should drive the gold bugs crazy,
http://mobile.businessweek.com/news/2014-07-13/goldman-stays-gold-bear-as-bullish-wagers-increase-commodities
I'm no fan is Goldman, that's for sure, but I do agree with them. Wow, 1040 by the end of year.
http://mobile.businessweek.com/news/2014-07-13/goldman-stays-gold-bear-as-bullish-wagers-increase-commodities
I'm no fan is Goldman, that's for sure, but I do agree with them. Wow, 1040 by the end of year.
Gold down.
.ok, who's behind this? Care to spill the beans?
Well, the author does indeed read this thread: http://realcoin.io/hi-guys.html
sha256("Gold collapsing. Bitcoin UP.");
Here's an interesting post by Fred Wilson today. He's finally getting it. You may wonder why I'm saying that as he's been pretty vocal in supporting Bitcoin. The reality from my perspective is that despite that, he's been relatively shy in directly investing in Bitcoin as evidenced by some of his posts. So today's post is a hint that he may be doing more, plus he brings up some good perspective overall on what's happening with the internet and Bitcoin:
But maybe most importantly, we are investing in bitcoin and the blockchain, which is the foundation for truly distributed peer to peer marketplaces without the Internet middleman.
http://avc.com/2014/07/platform-monopolies/
I think he's saying he's investing in the Bitcoin unit itself, which is a strategy I've advocated for since the beginning. and even if he's not,imo, when investing in companies you open yourself up to greater risk AND the vagaries of owner manipulation or corruption. not to mention intervention by authorities. Even Krawicz mentions the limited upside in Bitcoin businesses. By investing in the unit itself, you're backing the fundamental impartial peer to peer network which is backed by the strength of the miners and the broader community. You might argue, "but what about the early adopters? aren't they in control and will manipulate Bitcoin itself?" Answer: no. They are not in control, as decisions are made by consensus and only with broad community support. Core devs are not even in charge as their source of legitimacy was inherited from Satoshi. And as far as I can tell, they have minimal positions in Bitcoin. Then what about Satoshi himself? Is he still in control? No,I think he has bowed out permanently and sees the big picture of what he's created. I think he will be satisfied with having changed the world forever. Even if he sells, so what; he deserves it and it wouldn't probably happen until we're at 10000 or more.
As I've said, Satoshi has set an almost impossible standard to meet in the cryptocurrency space; one that altcoins, alt platforms, and Bitcoin businesses alike will be hard pressed to mimic or sell to investors. That's not saying that many are making it happen now, that's for sure. But it will be interesting to see what happens to all these platforms and altcoins long term if the price starts to climb once again to significantly higher highs. Or in the real long run if Bitcoin can act as a world reserve currency.
But maybe most importantly, we are investing in bitcoin and the blockchain, which is the foundation for truly distributed peer to peer marketplaces without the Internet middleman.
http://avc.com/2014/07/platform-monopolies/
I think he's saying he's investing in the Bitcoin unit itself, which is a strategy I've advocated for since the beginning. and even if he's not,imo, when investing in companies you open yourself up to greater risk AND the vagaries of owner manipulation or corruption. not to mention intervention by authorities. Even Krawicz mentions the limited upside in Bitcoin businesses. By investing in the unit itself, you're backing the fundamental impartial peer to peer network which is backed by the strength of the miners and the broader community. You might argue, "but what about the early adopters? aren't they in control and will manipulate Bitcoin itself?" Answer: no. They are not in control, as decisions are made by consensus and only with broad community support. Core devs are not even in charge as their source of legitimacy was inherited from Satoshi. And as far as I can tell, they have minimal positions in Bitcoin. Then what about Satoshi himself? Is he still in control? No,I think he has bowed out permanently and sees the big picture of what he's created. I think he will be satisfied with having changed the world forever. Even if he sells, so what; he deserves it and it wouldn't probably happen until we're at 10000 or more.
As I've said, Satoshi has set an almost impossible standard to meet in the cryptocurrency space; one that altcoins, alt platforms, and Bitcoin businesses alike will be hard pressed to mimic or sell to investors. That's not saying that many are making it happen now, that's for sure. But it will be interesting to see what happens to all these platforms and altcoins long term if the price starts to climb once again to significantly higher highs. Or in the real long run if Bitcoin can act as a world reserve currency.
Other relevant quotes from that piece:
Quote from: "Fred Wilson'
...
From laughable toys to dominant monopolies in less than a decade.
... We invest in networks that can emerge as dominant platforms by virtue of network effects. We like things that are laughed at. The more they are derided, the more we want to invest.
...
So, as an investor, when you see a dominant market power emerge, you should start asking yourself “what will undo that market power?” And you should start investing in that. We’ve begun doing that, but are not anywhere near done with this effort.
From laughable toys to dominant monopolies in less than a decade.
... We invest in networks that can emerge as dominant platforms by virtue of network effects. We like things that are laughed at. The more they are derided, the more we want to invest.
...
So, as an investor, when you see a dominant market power emerge, you should start asking yourself “what will undo that market power?” And you should start investing in that. We’ve begun doing that, but are not anywhere near done with this effort.
Sounds like he's really seeing bitcoin as the "next internet" so to speak. And I assume that, on some level, he sees control of some bitcoin-the-unit as an opportunity to use space/resources on that next network.
ok, who's behind this? Care to spill the beans?
Karp Markeles.
ok, who's behind this? Care to spill the beans?
Here's an interesting post by Fred Wilson today. He's finally getting it. You may wonder why I'm saying that as he's been pretty vocal in supporting Bitcoin. The reality from my perspective is that despite that, he's been relatively shy in directly investing in Bitcoin as evidenced by some of his posts. So today's post is a hint that he may be doing more, plus he brings up some good perspective overall on what's happening with the internet and Bitcoin:
But maybe most importantly, we are investing in bitcoin and the blockchain, which is the foundation for truly distributed peer to peer marketplaces without the Internet middleman.
http://avc.com/2014/07/platform-monopolies/
I think he's saying he's investing in the Bitcoin unit itself, which is a strategy I've advocated for since the beginning. and even if he's not,imo, when investing in companies you open yourself up to greater risk AND the vagaries of owner manipulation or corruption. not to mention intervention by authorities. Even Krawicz mentions the limited upside in Bitcoin businesses. By investing in the unit itself, you're backing the fundamental impartial peer to peer network which is backed by the strength of the miners and the broader community. You might argue, "but what about the early adopters? aren't they in control and will manipulate Bitcoin itself?" Answer: no. They are not in control, as decisions are made by consensus and only with broad community support. Core devs are not even in charge as their source of legitimacy was inherited from Satoshi. And as far as I can tell, they have minimal positions in Bitcoin. Then what about Satoshi himself? Is he still in control? No,I think he has bowed out permanently and sees the big picture of what he's created. I think he will be satisfied with having changed the world forever. Even if he sells, so what; he deserves it and it wouldn't probably happen until we're at 10000 or more.
As I've said, Satoshi has set an almost impossible standard to meet in the cryptocurrency space; one that altcoins, alt platforms, and Bitcoin businesses alike will be hard pressed to mimic or sell to investors. That's not saying that many are making it happen now, that's for sure. But it will be interesting to see what happens to all these platforms and altcoins long term if the price starts to climb once again to significantly higher highs. Or in the real long run if Bitcoin can act as a world reserve currency.
But maybe most importantly, we are investing in bitcoin and the blockchain, which is the foundation for truly distributed peer to peer marketplaces without the Internet middleman.
http://avc.com/2014/07/platform-monopolies/
I think he's saying he's investing in the Bitcoin unit itself, which is a strategy I've advocated for since the beginning. and even if he's not,imo, when investing in companies you open yourself up to greater risk AND the vagaries of owner manipulation or corruption. not to mention intervention by authorities. Even Krawicz mentions the limited upside in Bitcoin businesses. By investing in the unit itself, you're backing the fundamental impartial peer to peer network which is backed by the strength of the miners and the broader community. You might argue, "but what about the early adopters? aren't they in control and will manipulate Bitcoin itself?" Answer: no. They are not in control, as decisions are made by consensus and only with broad community support. Core devs are not even in charge as their source of legitimacy was inherited from Satoshi. And as far as I can tell, they have minimal positions in Bitcoin. Then what about Satoshi himself? Is he still in control? No,I think he has bowed out permanently and sees the big picture of what he's created. I think he will be satisfied with having changed the world forever. Even if he sells, so what; he deserves it and it wouldn't probably happen until we're at 10000 or more.
As I've said, Satoshi has set an almost impossible standard to meet in the cryptocurrency space; one that altcoins, alt platforms, and Bitcoin businesses alike will be hard pressed to mimic or sell to investors. That's not saying that many are making it happen now, that's for sure. But it will be interesting to see what happens to all these platforms and altcoins long term if the price starts to climb once again to significantly higher highs. Or in the real long run if Bitcoin can act as a world reserve currency.
If I had to put a pulse on where the Bitcoin market and ecosystem is in comparison to the Internet...I'd say we are in 1995.
i think every big bitcoin speaker has said that atleast 3 times in the last four months.. zzzzz
And I have heard 0 say that as I haven't been listening to "big bitcoin speakers".
Lol, it's actually pretty funny. They just released their paper wallets:
awesome
Lol, it's actually pretty funny. They just released their paper wallets:
Haha, nice catch
Lol, it's actually pretty funny. They just released their paper wallets:
puahahahaaaa. That whole thing is priceless. Remember Max Keiser suggesting (I sincerely hope he was trolling) to peg BTC to the US Dollar?
Lol, it's actually pretty funny. They just released their paper wallets:
Can you believe this idiocy coming from Realcoins and possibly Brock himself?
@NickSzabo4 @cypherdoc2 @roasbeef Actually, we think #stability is more important than security. Check out our dollar-backed blockchain!
https://twitter.com/RealCoins/status/488120162781237248
PAAAAAHAHA@NickSzabo4 @cypherdoc2 @roasbeef Actually, we think #stability is more important than security. Check out our dollar-backed blockchain!
https://twitter.com/RealCoins/status/488120162781237248
such a goon.
no problem atall if our coins get stolen or blockchain falls apart, as long as it stays stable when it happens. l
like i always say, id rather someone steal my coins than have unstable ones.
Actually stability is not a prerequisite but a consequence of worldwide adoption [which will only materialize with security of course]
edit: forgot to put /sarc.
agree with you though.
i was calling peirce a goon. not the cypherdoc.
It's a spoof twitter account:
Hey tv,
One of the State's finest (her ex) is setting up a Bitcoin fund! What a hoot!
http://www.zerohedge.com/news/2014-07-12/wtf-headline-day-blythe-masters-ex-husband-launches-offshored-bitcoin-hedge-fund
One of the State's finest (her ex) is setting up a Bitcoin fund! What a hoot!
http://www.zerohedge.com/news/2014-07-12/wtf-headline-day-blythe-masters-ex-husband-launches-offshored-bitcoin-hedge-fund
So what? Bitcoin has a fantastic potential to make people ton of money. Lots of smart and well connected people are in it.
If this guy makes money through manipulation, he will certainly be in good company in Bitcoinland. If he suckers people into naked or fractional games, shame on them. Unlike PM's there is no reason at all not to 'take delivery'.
Blythe herself has been one of my dearest unknown friends when I was building a position in physical PM's. It was simply dumb-luck timing that I happened to be wishing to build when she was especially active in depressing the PM prices (so the theory goes anyway.) If she and her type are active when I wish to draw down I'm sure I'll feel differently about it.
If Mr. Masters manages to manipulate the markets, it is most likely that he'll take them up since there is only $650-ish on the down side that he'd be able to achieve. So he can knock himself out if he's a big enough man to pull it off. I'll wager that he's going to have serious competition in his sphere of brinksmanship.
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