Topic: Gold collapsing. Bitcoin UP. - page 432. (Read 2032286 times)
Yes they did.
http://www.marketwatch.com/story/greeces-cash-crunch-is-getting-serious-2015-04-06?dist=lcountdown
"A Greek national bank holidays on Friday and Monday, in observance of Orthodox Good Friday and Easter..." didn't Cyprus take advantage of bank holidays?
"A Greek national bank holidays on Friday and Monday, in observance of Orthodox Good Friday and Easter..." didn't Cyprus take advantage of bank holidays?
meanwhile, we have a nice pop in gold after Friday's job report. If the $1220 resistance gives way, there is a room for an attack at 2015 top at $1307.
That is the highest gold can go before summer.
Weakening of dollar should be also Bitcoin-positive, shouldn't it?
That is the highest gold can go before summer.
Weakening of dollar should be also Bitcoin-positive, shouldn't it?
Quote
now this is pretty funny:
ridicule is an effective political medium but the sociological undertones are quite telling and sending a poignant message ... this is a direct challenge to the legitimacy of the State which is being increasingly seen as rogue and operating outside the consent of the governed. War memorials are places of quasi-religious State worship, nationalism or at minimum national pride.
Expect an over-reaction from the National Socialists.
An over-reaction would expose a lot.
There is a good chunk of the population who believe Snowden is a hero, and strongly disagree with the terrorist/criminal label the state has placed on him. An overreaction would expose this difference very clearly, which just might lead to more active support for Snowden in reaction to government actions.
There has not been any true grass roots push back against the state in the US in some time. Being fed up with the emerging surveillance / police state is something that cuts across the political spectrum.
Agreed. Additionally, I would say this is probably the most brilliant thing an artist has done since Banksy first came on the scene.
That didn't take long:
http://www.smh.com.au/world/statue-that-cast-edward-snowden-as-a-hero-removed-and-held-by-new-york-police-20150407-1mfjyl.html
Quote
now this is pretty funny:
ridicule is an effective political medium but the sociological undertones are quite telling and sending a poignant message ... this is a direct challenge to the legitimacy of the State which is being increasingly seen as rogue and operating outside the consent of the governed. War memorials are places of quasi-religious State worship, nationalism or at minimum national pride.
Expect an over-reaction from the National Socialists.
An over-reaction would expose a lot.
There is a good chunk of the population who believe Snowden is a hero, and strongly disagree with the terrorist/criminal label the state has placed on him. An overreaction would expose this difference very clearly, which just might lead to more active support for Snowden in reaction to government actions.
There has not been any true grass roots push back against the state in the US in some time. Being fed up with the emerging surveillance / police state is something that cuts across the political spectrum.
Agreed. Additionally, I would say this is probably the most brilliant thing an artist has done since Banksy first came on the scene.
Quote
now this is pretty funny:
ridicule is an effective political medium but the sociological undertones are quite telling and sending a poignant message ... this is a direct challenge to the legitimacy of the State which is being increasingly seen as rogue and operating outside the consent of the governed. War memorials are places of quasi-religious State worship, nationalism or at minimum national pride.
Expect an over-reaction from the National Socialists.
An over-reaction would expose a lot.
There is a good chunk of the population who believe Snowden is a hero, and strongly disagree with the terrorist/criminal label the state has placed on him. An overreaction would expose this difference very clearly, which just might lead to more active support for Snowden in reaction to government actions.
There has not been any true grass roots push back against the state in the US in some time. Being fed up with the emerging surveillance / police state is something that cuts across the political spectrum.
If the government wants to mine bitcoins they can compete with every other miner on the planet to acquire the 42% of bitcoins that remain to be created. However, like gold, they can't print additional Bitcoins out of thin air.
they would be welcome to do so. in fact, i'd advise the USG to get on it as China is way ahead of them, in terms of private mining.
If the government wants to mine bitcoins they can compete with every other miner on the planet to acquire the 42% of bitcoins that remain to be created. However, like gold, they can't print additional Bitcoins out of thin air.
think there is less than 33% remaining ..
Quote
now this is pretty funny:
ridicule is an effective political medium but the sociological undertones are quite telling and sending a poignant message ... this is a direct challenge to the legitimacy of the State which is being increasingly seen as rogue and operating outside the consent of the governed. War memorials are places of quasi-religious State worship, nationalism or at minimum national pride.
Expect an over-reaction from the National Socialists.
now this is pretty funny:
"The artists are fully aware of the bust’s inevitable destruction and have left themselves a few options, including one that involves deploying an army of mini-Snowden heads. “We have a full size mold that can be poured again and its been 3D rendered, so we have the ability to print smaller ones at scale,” they said."
http://m.animalnewyork.com/2015/theres-a-massive-illicit-bust-of-edward-snowden-stuck-to-a-war-monument-in-brooklyn/
"The artists are fully aware of the bust’s inevitable destruction and have left themselves a few options, including one that involves deploying an army of mini-Snowden heads. “We have a full size mold that can be poured again and its been 3D rendered, so we have the ability to print smaller ones at scale,” they said."
http://m.animalnewyork.com/2015/theres-a-massive-illicit-bust-of-edward-snowden-stuck-to-a-war-monument-in-brooklyn/
Final verdict: Big trouble dead ahead until proven otherwise:
here's a representative transport company, UAL, breaking down. you would think their profits would be going up given the falling price of oil that has been going on since last summer. but no, someone is selling it off probably b/c travel is down due to the ongoing deflation and overpriced stock:
...
...
Given our global economy today, I've always thought the Baltic dry index is one of the best indicators of economic activity. Pretty much every physical good goes through international shipment at some point in it's manufacturing chain from raw materials to finished good. It's not pretty, essentially we are at historic lows.
http://stockcharts.com/h-sc/ui?s=$BDI&p=W&yr=5&mn=0&dy=0&id=p89283055899
And, Why the Baltic Dry Index is at an all-time low
http://www.economist.com/blogs/economist-explains/2015/03/economist-explains-7
We are witnessing the beginnings of the next credit contraction during a time when central banks are already at their limit in terms of accommodation (zero bound rates, multiple printing cycles, already loose lending standards, banks at historically high leverage, etc).
During this downturn central banks will have very few options other than outright currency depreciation. At the same time societies are completely accustomed to and dependent on central bank bailouts to fix everything. What will happen when we finally reach a point in the cycle where central banks can not fix everything is unknown.
We are living in historically interesting times. Whether or not that is a blessing is up to you.
BDI is a good indicator. i like it's practical everyday counterpart stock, DRYS, the international shipping company. this stock is dead, dead, and deader and looks alot like NBG, the National Bank of Greece. this is what inflationary printing will do to a company that is forced to build years ahead in anticipation of unlimited and unfettered growth; they get caught overbuilding with their pants down:
here's a representative transport company, UAL, breaking down. you would think their profits would be going up given the falling price of oil that has been going on since last summer. but no, someone is selling it off probably b/c travel is down due to the ongoing deflation and overpriced stock:
...
...
Given our global economy today, I've always thought the Baltic dry index is one of the best indicators of economic activity. Pretty much every physical good goes through international shipment at some point in it's manufacturing chain from raw materials to finished good. It's not pretty, essentially we are at historic lows.
http://stockcharts.com/h-sc/ui?s=$BDI&p=W&yr=5&mn=0&dy=0&id=p89283055899
And, Why the Baltic Dry Index is at an all-time low
http://www.economist.com/blogs/economist-explains/2015/03/economist-explains-7
We are witnessing the beginnings of the next credit contraction during a time when central banks are already at their limit in terms of accommodation (zero bound rates, multiple printing cycles, already loose lending standards, banks at historically high leverage, etc).
During this downturn central banks will have very few options other than outright currency depreciation. At the same time societies are completely accustomed to and dependent on central bank bailouts to fix everything. What will happen when we finally reach a point in the cycle where central banks can not fix everything is unknown.
We are living in historically interesting times. Whether or not that is a blessing is up to you.
Even if it is true that VC money is slowing into the merchants, Bitcoin 2.0, & altcoins space I think it is not a bad thing. I've always thought that too much money was flowing into those spaces way too prematurely before Bitcoin 1.0 even had a chance to establish itself at its primary function, that of Sound Money. For it to get there the price has to go much higher and maybe now that many people have gotten their hands singed dabbling in these alternative investment buckets, maybe now the price can ascend to where it needs to be to support all these other arms of the economy.
The recent stabilization aka bottoming of the price after the usual 90 % pullback is indication of this happening. Let the price bucket fill.
The recent stabilization aka bottoming of the price after the usual 90 % pullback is indication of this happening. Let the price bucket fill.
On the charts, mining difficulty has topped out while price has bottomed out. Venture capital continues to rise, though:
If venture capital finally quiets down a bit, the cash hose gets directed into the price bucket again.
It's probably important to note why the mining and VC buckets were filling throughout the past year, and the most natural explanation is of course that people saw the price as overinflated. It had just risen 10000% in a year, and mining and VC looked like great investments in comparison. Well now mining is overdone, and VC is looking frothy.
Hopefully the BIT and ETF will be just in time to catch the Wall Street money.
I personally have several wealthy friends who are finally starting to get in. They've been watching it for years knowing my involvement and are quite frankly surprised the whole thing hasn't collapsed to zero yet. Six years is a long time and demonstrates longevity especially for something that started at zero and grew out of the primordial ooze. With continued education on my part and the obvious collapse of currencies worldwide, these people are worried. And they're not about to buy a few hundred pounds of metal bars.
The Trezor helps alot. Knowing that they won't get their bitcoin stolen.
Even if it is true that VC money is slowing into the merchants, Bitcoin 2.0, & altcoins space I think it is not a bad thing. I've always thought that too much money was flowing into those spaces way too prematurely before Bitcoin 1.0 even had a chance to establish itself at its primary function, that of Sound Money. For it to get there the price has to go much higher and maybe now that many people have gotten their hands singed dabbling in these alternative investment buckets, maybe now the price can ascend to where it needs to be to support all these other arms of the economy.
The recent stabilization aka bottoming of the price after the usual 90 % pullback is indication of this happening. Let the price bucket fill.
The recent stabilization aka bottoming of the price after the usual 90 % pullback is indication of this happening. Let the price bucket fill.
On the charts, mining difficulty has topped out while price has bottomed out. Venture capital continues to rise, though:
If venture capital finally quiets down a bit, the cash hose gets directed into the price bucket again.
It's probably important to note why the mining and VC buckets were filling throughout the past year, and the most natural explanation is of course that people saw the price as overinflated. It had just risen 10000% in a year, and mining and VC looked like great investments by comparison. Well now mining is overdone, and VC is looking frothy.
Hopefully the BIT and ETF will be just in time to catch the Wall Street money.
lumber prices breaking down:
https://1.bp.blogspot.com/-E1UrJ_87p9w/VSA48ZR4WJI/AAAAAAAAi_Q/0pa6FsG7Okw/s1600/LumberMar2015.PNG
https://1.bp.blogspot.com/-E1UrJ_87p9w/VSA48ZR4WJI/AAAAAAAAi_Q/0pa6FsG7Okw/s1600/LumberMar2015.PNG
Shit! PM prices are in the toilet, Bitcoin much worse, and now even if I get authorization from the state to log my own fucking property timber prices from that will be down as well. What's an unemployed loser to do?
I can hold out for another year or two by scaling back my projects, but if Bitcoin does not stage a recovery by that time I'm going to be drawing down my holdings in this area probably before the others.
Even if it is true that VC money is slowing into the merchants, Bitcoin 2.0, & altcoins space I think it is not a bad thing. I've always thought that too much money was flowing into those spaces way too prematurely before Bitcoin 1.0 even had a chance to establish itself at its primary function, that of Sound Money. For it to get there the price has to go much higher and maybe now that many people have gotten their hands singed dabbling in these alternative investment buckets, maybe now the price can ascend to where it needs to be to support all these other arms of the economy.
The recent stabilization aka bottoming of the price after the usual 90 % pullback is indication of this happening. Let the price bucket fill.
The recent stabilization aka bottoming of the price after the usual 90 % pullback is indication of this happening. Let the price bucket fill.
http://www.coindesk.com/bitcoin-marketplace-buttercoin-folds-despite-1-3-million-investment/
These guys failed on many fronts, the name being the most obvious. They cite a lack of Bitcoin VC investment interest as a reason for their closure. This is so false and misleading in many ways, I live in the Silicon Valley and investor interest has never been so strong. It really angers me that they would make that claim.
These guys failed on many fronts, the name being the most obvious. They cite a lack of Bitcoin VC investment interest as a reason for their closure. This is so false and misleading in many ways, I live in the Silicon Valley and investor interest has never been so strong. It really angers me that they would make that claim.
I think Coinbase effectively sucked up all the VC money for a *US Bitcoin Exchange*. Which makes sense; we desperately need a strong/liquid US platform, before it makes much sense to mess around with boutique/niche exchange products.
Agree that there's plenty of VC interest in Bitcoin in general. That comment about their being a "dip" annoyed me as well (though it does go in waves).
http://www.coindesk.com/bitcoin-marketplace-buttercoin-folds-despite-1-3-million-investment/
These guys failed on many fronts, the name being the most obvious. They cite a lack of Bitcoin VC investment interest as a reason for their closure. This is so false and misleading in many ways, I live in the Silicon Valley and investor interest has never been so strong. It really angers me that they would make that claim.
These guys failed on many fronts, the name being the most obvious. They cite a lack of Bitcoin VC investment interest as a reason for their closure. This is so false and misleading in many ways, I live in the Silicon Valley and investor interest has never been so strong. It really angers me that they would make that claim.
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