Forbeschina translated the article written by Matonis, Accumulating Large (Bitcoin) Balances
http://www.forbeschina.com/review/201206/0017876.shtml
Topic: Gold collapsing. Bitcoin UP. - page 1444. (Read 2032272 times)
Short at your own risk, I wouldn't even consider it.. More printing is right around the corner.
You're a Keynesian wrapped in Gold Cloth.
Sort of, I bet that way.
I think Keynesian Economics are a Ponzi scheme that is horribly destructive in the long run in the name of short term stability..
Then how can you, in good conscious, support it financially?
Good conscious?? WTF is that?? I don't make the rules, I just play the game
You don't play the game, you support it with your money. I short sell so when things get bad I can help soften the landing. You just push it higher so it crashes harder.
Short at your own risk, I wouldn't even consider it.. More printing is right around the corner.
You're a Keynesian wrapped in Gold Cloth.
Sort of, I bet that way.
I think Keynesian Economics are a Ponzi scheme that is horribly destructive in the long run in the name of short term stability..
Then how can you, in good conscious, support it financially?
Good conscious?? WTF is that?? I don't make the rules, I just play the game
The Silverox Update:
Gold: -8%
Bitcoin: +18%
Diff: 26%
silverox GPL: -13%
cypher's GLD short: +1%, SLV short: +3.91% miner shorts: RGLD: +3.91%, GG: +3.78%, SLW: +3.35%,
Gold: -8%
Bitcoin: +18%
Diff: 26%
silverox GPL: -13%
cypher's GLD short: +1%, SLV short: +3.91% miner shorts: RGLD: +3.91%, GG: +3.78%, SLW: +3.35%,
How does GLD short at 152, with GLD at 152 = +1%.. Shouldn't that be 0%??
Do I need to check all your other math too? Short at your own risk, I wouldn't even consider it.. More printing is right around the corner.
You're a Keynesian wrapped in Gold Cloth.
Sort of, I bet that way.
I think Keynesian Economics are a Ponzi scheme that is horribly destructive in the long run in the name of short term stability..
Then how can you, in good conscious, support it financially?
Short at your own risk, I wouldn't even consider it.. More printing is right around the corner.
You're a Keynesian wrapped in Gold Cloth.
Sort of, I bet that way.
I think Keynesian Economics are a Ponzi scheme that is horribly destructive in the long run in the name of short term stability..
The Silverox Update:
Gold: -8%
Bitcoin: +18%
Diff: 26%
silverox GPL: -13%
cypher's GLD short: +1%, SLV short: +3.91% miner shorts: RGLD: +3.91%, GG: +3.78%, SLW: +3.35%,
Gold: -8%
Bitcoin: +18%
Diff: 26%
silverox GPL: -13%
cypher's GLD short: +1%, SLV short: +3.91% miner shorts: RGLD: +3.91%, GG: +3.78%, SLW: +3.35%,
Short at your own risk, I wouldn't even consider it.. More printing is right around the corner.
You're a Keynesian wrapped in Gold Cloth.
I have also added a small position on bitdaytrade.com @ 50:1. Trading gold future contracts with bitcoins 
hey guys, did you see bitdaytrade.com. One can go short/long on gold using bitcoins with up to 1:50 (!!) leverage.
I don't know how trustworthy/robust they are, but I just opened a long position of 0.02 gold contracts (0.02 oz).
I don't know how trustworthy/robust they are, but I just opened a long position of 0.02 gold contracts (0.02 oz).
Short at your own risk, I wouldn't even consider it.. More printing is right around the corner.
Well, I'm not so confident that I would've went long waiting for that pop, since its contrary to the trend. But since the trend is down, I will risk the timing to get a bit of short action.
Same reason I'm not selling bitcoin, selling into an uptrend is too risky for my taste. More likely to buy back higher (not lower).
Short at your own risk, I wouldn't even consider it.. More printing is right around the corner.
Gold and Silver traded nicely today
Got the squeeze/pop I was waiting for. Time open the short?
Gold and Silver traded nicely toda
Yeah, but... tomorrow is the quintessentially terrible Tuesday CoT reporting cutoff. And the rest of this week includes the last days for gold and silver futures trading, as well as delivery notification, on top of the end of month period, and end of quarter, plus mid-year US summer whimsy with almost nobody at the managed trading desks. Thin trading, dozens of converging circumstances, and a financial world on fire make for a sinister recipe.
Gold and Silver traded nicely today
Bitcoin: +16.3%
Gold: -7%
Diff: 23.3%
silverbox's GPL: -13%
cypher's GLD: +0.46%, SLV: +3.91%, SLW: +3.5%, RGLD: +3.12%, GG: +3.15%
Gold: -7%
Diff: 23.3%
silverbox's GPL: -13%
cypher's GLD: +0.46%, SLV: +3.91%, SLW: +3.5%, RGLD: +3.12%, GG: +3.15%
Man BTC got beat with the ugly stick over the weekend 
So yeah, the inflation/deflation question boils down to what the politicians do. I tend to believe politicians don't like to share their power, thus my deflationary views.
I'll be gloating with cypherdoc. I put my (tiny compared to cypher's) shorts back on before the latest drop after hopping off near the top.
I'll be gloating with cypherdoc. I put my (tiny compared to cypher's) shorts back on before the latest drop after hopping off near the top.
From observing actions, almost no top-level politicians lead - they follow the money. A lot of key politicians are bankers or have strong ties to banks, whether in the EU or the US. The Federal Reserve and ECB are also not political entities, but they control the money. Bank-owned government doesn't bite the hand that feeds it.
Gloat away - any profit not going into bank coffers is a move in the right direction
miscreanity, thank you for writing down this awesome analysis. If someone made a "gems of bitcointalk" compilation, this would have to be included.
Shh, I like my head normal size
Finally, there seems to be some cognitive dissonance in saying that the investment banks are bankrupt, yet they have to be aggressive to compete with other institutions. The community banks who aren't touching derivatives are doing just fine, thanks.
Yes, I was referring to major banks and competition in kind. There's a glass ceiling for classes of business and government just as there is one (or several in certain cases) for individuals. To paraphrase what Jim Sinclair has said over the years: what the markets don't tear down, litigation will.
I agree, many small banks will survive and even thrive. They can adapt much more quickly and have to act more responsibly for various reasons. I don't expect that traditional services will be the as common, so they may become virtually unrecognizable to what exists today; potentially as utilities that work behind the scenes like sewage and water treatment.
That gets into what I believe will become part of the foundation for a planet-wide form of intelligent life, with cryptocurrencies giving rise to a powerful decision-making system...
Oh, hey cypherdoc - I hope you're ready to gloat for about a week. I still wouldn't trade these markets even if my last name were Bernanke. Hope you keep stops in place to next month
So yeah, the inflation/deflation question boils down to what the politicians do. I tend to believe politicians don't like to share their power, thus my deflationary views.
I'll be gloating with cypherdoc. I put my (tiny compared to cypher's) shorts back on before the latest drop after hopping off near the
miscreanity, thank you for writing down this awesome analysis. If someone made a "gems of bitcointalk" compilation, this would have to be included.
Shh, I like my head normal size
Finally, there seems to be some cognitive dissonance in saying that the investment banks are bankrupt, yet they have to be aggressive to compete with other institutions. The community banks who aren't touching derivatives are doing just fine, thanks.
Yes, I was referring to major banks and competition in kind. There's a glass ceiling for classes of business and government just as there is one (or several in certain cases) for individuals. To paraphrase what Jim Sinclair has said over the years: what the markets don't tear down, litigation will.
I agree, many small banks will survive and even thrive. They can adapt much more quickly and have to act more responsibly for various reasons. I don't expect that traditional services will be the as common, so they may become virtually unrecognizable to what exists today; potentially as utilities that work behind the scenes like sewage and water treatment.
That gets into what I believe will become part of the foundation for a planet-wide form of intelligent life, with cryptocurrencies giving rise to a powerful decision-making system...
Oh, hey cypherdoc - I hope you're ready to gloat for about a week. I still wouldn't trade these markets even if my last name were Bernanke. Hope you keep stops in place to next month
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