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Topic: Gold collapsing. Bitcoin UP. - page 393. (Read 2032266 times)

member
Activity: 91
Merit: 10
May 01, 2015, 10:00:57 AM
Today's edition of The Economist has a short article  (p68) looking at the decline in the gold price.

"One reason may be that investors have so many options nowadays. Humble citizens who distrust their own currencies can buy assets ranging from shares to bitcoins."



Very encouraging to see bitcoin mentioned in the context of a global asset class in a magazine (sorry, newspaper) with this readership.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
May 01, 2015, 09:53:02 AM
It's about time people are fighting back. These idiots need to be flat out embarrassed in  public over and over:

http://www.dailydot.com/politics/second-crypto-war-hearing-washington/


"(Massachusetts District Attorney Daniel) Conley also said Apple and Google are 'protecting those who rape, assault, and kill' with their encryption policies."

Doesn't he realize how bad this argument is?
Traffic rules and copyright law also protects those who rape assault and kill...as well as everyone else.
full member
Activity: 236
Merit: 100
May 01, 2015, 08:50:50 AM
It's about time people are fighting back. These idiots need to be flat out embarrassed in  public over and over:

http://www.dailydot.com/politics/second-crypto-war-hearing-washington/

My fear is that in the end this is just theatrics and the 3 letter agencies will do as they please regardless.

You say this as if they don't already do as they please.
legendary
Activity: 2002
Merit: 1040
May 01, 2015, 08:36:10 AM
It's about time people are fighting back. These idiots need to be flat out embarrassed in  public over and over:

http://www.dailydot.com/politics/second-crypto-war-hearing-washington/

My fear is that in the end this is just theatrics and the 3 letter agencies will do as they please regardless.
legendary
Activity: 1246
Merit: 1010
May 01, 2015, 07:50:49 AM
SPV clients don't  normally carry the UTXO set around in their memory, correct?

Right the "UTXO client" we've been talking about is a different animal with a stronger security model...
legendary
Activity: 1764
Merit: 1002
May 01, 2015, 04:43:31 AM
SPV clients don't  normally carry the UTXO set around in their memory, correct?
legendary
Activity: 1764
Merit: 1002
May 01, 2015, 04:34:02 AM
It's about time people are fighting back. These idiots need to be flat out embarrassed in  public over and over:

http://www.dailydot.com/politics/second-crypto-war-hearing-washington/
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
April 30, 2015, 09:43:44 PM
“The market is dead,” Jeffrey Rhodes, who has spent 27 years in Dubai’s gold industry and founded Rhodes Precious Metals Consultancy DMCC, said by telephone on April 21. “There’s no real demand here”...

 http://www.zerohedge.com/news/2015-04-30/saudis-russians-no-longer-buying-gold-dubai-oil-slump-curbs-precious-metals-shopping

Even the hardcore bugs think silver is going to $12/oz.  That probably means it will rally back to $50.

You don't hear about it much, but there's substantial consolidation (M&A) afoot in the mining sector.  EG from my portfolio:

New Gold picked up the last piece of their Rainy River project by absorbing Bayfield.

Hecla just basically stole a gargantuan deposit in Montana for a song and a peck on the cheek.  Revett shareholders are, of course, suing over the lack of lube...  Grin

This period of peak Bitcoin/gold/silver production can't last forever, though I may not be solvent by the end of it.
legendary
Activity: 1764
Merit: 1002
April 30, 2015, 08:03:36 PM
sounds to me like the avg Joe in this country is already ALL IN:

    A broad look at the 6.5 million customer accounts at TD Ameritrade indicates that retail investors are "pretty fully invested" in stocks, the online brokerage's CEO said Thursday.
    Fred Tomczyk cited several signs of this: margin loans at high levels, client cash at low levels and account holders at the firm logging in frequently. "It's usually a good indication that people are very engaged in the markets and watching their investments closely," he said on CNBC's " Squawk Box ."
    But Tomczyk acknowledged the potential pitfalls of these trendsand what they may portend for stocks. "I wouldn't be surprised if we have a correction here. We've had six [or] 6½ years of up markets here."


http://www.zerohedge.com/news/2015-04-30/no-more-greater-fools-retail-traders-are-pretty-fully-invested-stocks-td-ceo-says
legendary
Activity: 1764
Merit: 1002
April 30, 2015, 07:58:52 PM
“The market is dead,” Jeffrey Rhodes, who has spent 27 years in Dubai’s gold industry and founded Rhodes Precious Metals Consultancy DMCC, said by telephone on April 21. “There’s no real demand here”...

 http://www.zerohedge.com/news/2015-04-30/saudis-russians-no-longer-buying-gold-dubai-oil-slump-curbs-precious-metals-shopping
legendary
Activity: 1764
Merit: 1002
April 30, 2015, 06:23:39 PM
oh my, Bears.  bend over:



I remember doodling on one like this before.... let me dig it up....




Edit:
I don't remember what happened next.

Haha, I think I remember that. Weren't you the master of a bunch of those?
legendary
Activity: 896
Merit: 1001
April 30, 2015, 06:21:32 PM
oh my, Bears.  bend over:



I remember doodling on one like this before.... let me dig it up....




Edit:
I don't remember what happened next.
legendary
Activity: 1764
Merit: 1002
April 30, 2015, 05:54:55 PM
oh my, Bears.  bend over:

full member
Activity: 232
Merit: 100
April 30, 2015, 05:03:26 PM




i like your drift. Bitcoin in the center aka nucleus.

Isn't the nucleus where apoptosis begins from?  Cheesy

no. apoptosis process begins in the mitochondria.

edit: nice image Peter!

legendary
Activity: 1764
Merit: 1002
April 30, 2015, 03:59:29 PM
Any idea what is accounting for this very steady transaction growth? Shopping? Dark markets? Gambling? Some kind of game?

Argentinafication?  Chavismo?  Maduronomics?  Obamanation?  That stupid boxing match that can't be over soon enough?  Only Chainalysis knows for sure!   Cheesy

Mijo is discovering he can use BTC to remit earnings back home to mama, without the pesky fees/delays/paperwork of Western Union.

In the Latin countries with historically shitty grabby unstable governments, the loop is tantalizingly close to being closed.

When the farmers begin to accept BTC, the rest of civilization will fall like dominoes.

"Got food?  Sorry, we don't take fiat.  Gold, Bitcoin, or GTFO."   Cool

ROFL, i'm glad you're on my side! Cheesy
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
April 30, 2015, 03:51:28 PM
Any idea what is accounting for this very steady transaction growth? Shopping? Dark markets? Gambling? Some kind of game?

Argentinafication?  Chavismo?  Maduronomics?  Obamanation?  That stupid boxing match that can't be over soon enough?  Only Chainalysis knows for sure!   Cheesy

Mijo is discovering he can use BTC to remit earnings back home to mama, without the pesky fees/delays/paperwork of Western Union.

In the Latin countries with historically shitty grabby unstable governments, the loop is tantalizingly close to being closed.

When the farmers begin to accept BTC, the rest of civilization will fall like dominoes.

"Got food?  Sorry, we don't take fiat.  Gold, Bitcoin, or GTFO."   Cool
hero member
Activity: 742
Merit: 500
April 30, 2015, 03:40:26 PM


Any idea what is accounting for this very steady transaction growth? Shopping? Dark markets? Gambling? Some kind of game?
A good read on the subject here:

http://www.ofnumbers.com/wp-content/uploads/2015/01/Slicing-data.pdf
legendary
Activity: 1036
Merit: 1000
April 30, 2015, 03:36:28 PM


Any idea what is accounting for this very steady transaction growth? Shopping? Dark markets? Gambling? Some kind of game?
legendary
Activity: 1764
Merit: 1002
April 30, 2015, 03:33:10 PM
Bitcoin lookin good:





MACD turning back up:



ask wall collapse:

legendary
Activity: 3430
Merit: 3080
April 30, 2015, 03:28:50 PM




i like your drift. Bitcoin in the center aka nucleus.

Isn't the nucleus where apoptosis begins from?  Cheesy
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