Author

Topic: Gold collapsing. Bitcoin UP. - page 550. (Read 2032289 times)

donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
January 15, 2015, 07:44:58 AM
Nah, no one ever sees these things coming.
In a way we did.
legendary
Activity: 1764
Merit: 1002
January 15, 2015, 07:41:14 AM
im not sure what it means, and I don't have a nice chart, but I think this belongs in here!

http://www.bbc.com/news/business-30829917

That is interesting. What I think might start happening is a fall in the USD as a  result  which could send Bitcoin soaring.  

That's pre-empting QE EU.


Did anyone see it coming?

Nah, no one ever sees these things coming.
legendary
Activity: 961
Merit: 1000
January 15, 2015, 07:13:12 AM
im not sure what it means, and I don't have a nice chart, but I think this belongs in here!

http://www.bbc.com/news/business-30829917

That is interesting. What I think might start happening is a fall in the USD as a  result  which could send Bitcoin soaring.  

That's pre-empting QE EU.


Did anyone see it coming?
legendary
Activity: 1764
Merit: 1002
January 15, 2015, 07:07:24 AM
im not sure what it means, and I don't have a nice chart, but I think this belongs in here!

http://www.bbc.com/news/business-30829917

That is interesting. What I think might start happening is a fall in the USD as a  result  which could send Bitcoin soaring.  
legendary
Activity: 2576
Merit: 1087
January 15, 2015, 06:49:30 AM
im not sure what it means, and I don't have a nice chart, but I think this belongs in here!

http://www.bbc.com/news/business-30829917

edit: I made a handy infographic, for simple folks like me.

legendary
Activity: 1764
Merit: 1002
January 15, 2015, 06:45:04 AM
warning for Bitcoin Bears. 

Gold looks to be weakening and is threatening to roll over:



silver has really gone nowhere and can't even get up to resistance:



if they do roll here Bears, look the hell out.
Can you explain how gold and silver prices influence BTC? It's not a troll post, I don't know anything about Economics, but I'm interested.

Hard fixed liquid supply bitcoin > mushy fixed illiquid supply of gold. One has been money for 5k years, other will  be money for 5k years.
legendary
Activity: 1764
Merit: 1002
January 15, 2015, 06:41:30 AM
Approaching my little yellow "x" (cypher sharpens DZZ stick).

Being double-short gold means being double-long fiat.

I'd never take such a risk, but good luck with that.   Undecided

Actually it means being long Bitcoin. Welcome to the Digital Age!  Wink
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
January 15, 2015, 06:37:56 AM
Approaching my little yellow "x" (cypher sharpens DZZ stick).

Being double-short gold means being double-long fiat.

I'd never take such a risk, but good luck with that.   Undecided
sr. member
Activity: 267
Merit: 250
January 15, 2015, 06:33:41 AM
warning for Bitcoin Bears. 

Gold looks to be weakening and is threatening to roll over:



silver has really gone nowhere and can't even get up to resistance:



if they do roll here Bears, look the hell out.
Can you explain how gold and silver prices influence BTC? It's not a troll post, I don't know anything about Economics, but I'm interested.
legendary
Activity: 1764
Merit: 1002
January 15, 2015, 06:26:54 AM
So the petrodollar died in Nov, and nobody noticed, as "for the first time in almost two decades, energy-exporting countries would pull their "petrodollars" out of world markets in 2015."  (http://www.zerohedge.com/news/2015-01-14/russia-just-pulled-itself-out-petrodollar)

How long until this impacts the USD index?

Is gold going vertical this morning the first cloud of an oncoming storm, or will it take years for King Dollar's momentum to dissipate?

Approaching my little yellow "x" (cypher sharpens DZZ stick).
legendary
Activity: 1764
Merit: 1002
January 15, 2015, 06:17:20 AM
But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess.

I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out.
A game app would not have be anywhere near as popular as angry birds to flood the blocks.



There's no doubt though that there is panic selling too as well. But even Sarotoubi serves a  purpose to pay miners,  get  the word out, and probably most importantly pay miner fees.  They need those to stay solvent and we want them to stay solvent to secure the network. And if it pushes the devs to increasing block size sooner, great.
By the way what do you think about the political controversy around that block size increase? Mircea Popescu will do anything to screw the hard fork. This could end up being really messy.

Storm in a teacup.

Yep
I wish too, but maybe MP will get some support in the community, he already has a decent numbers of loyal followers. I don't think this issue should be underestimate.

True, but don't underestimate Gavin either despite punks like tvbcof criticizing him all the time. He has tremendous political power and many people including myself feel he's been the perfect guy to lead us to where we are now. No one's perfect but he's been great.

Plus, I'll take Sarotoubi anyday if that is what it takes to get us to the next level which it clearly might be: micro tx's.
legendary
Activity: 861
Merit: 1010
January 15, 2015, 06:11:31 AM
But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess.

I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out.
A game app would not have be anywhere near as popular as angry birds to flood the blocks.



There's no doubt though that there is panic selling too as well. But even Sarotoubi serves a  purpose to pay miners,  get  the word out, and probably most importantly pay miner fees.  They need those to stay solvent and we want them to stay solvent to secure the network. And if it pushes the devs to increasing block size sooner, great.
By the way what do you think about the political controversy around that block size increase? Mircea Popescu will do anything to screw the hard fork. This could end up being really messy.

Storm in a teacup.

Yep
I wish too, but maybe MP will get some support in the community, he already has a decent numbers of loyal followers. I don't think this issue should be underestimate.
legendary
Activity: 1764
Merit: 1002
January 15, 2015, 06:09:29 AM
But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess.

I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out.
A game app would not have be anywhere near as popular as angry birds to flood the blocks.



There's no doubt though that there is panic selling too as well. But even Sarotoubi serves a  purpose to pay miners,  get  the word out, and probably most importantly pay miner fees.  They need those to stay solvent and we want them to stay solvent to secure the network. And if it pushes the devs to increasing block size sooner, great.
By the way what do you think about the political controversy around that block size increase? Mircea Popescu will do anything to screw the hard fork. This could end up being really messy.

Storm in a teacup.

Yep
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
January 15, 2015, 06:08:00 AM
So the petrodollar died in Nov, and nobody noticed, as "for the first time in almost two decades, energy-exporting countries would pull their "petrodollars" out of world markets in 2015."  (http://www.zerohedge.com/news/2015-01-14/russia-just-pulled-itself-out-petrodollar)

How long until this impacts the USD index?

Is gold going vertical this morning the first cloud of an oncoming storm, or will it take years for King Dollar's momentum to dissipate?
legendary
Activity: 1176
Merit: 1000
January 15, 2015, 06:07:23 AM
But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess.

I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out.
A game app would not have be anywhere near as popular as angry birds to flood the blocks.



There's no doubt though that there is panic selling too as well. But even Sarotoubi serves a  purpose to pay miners,  get  the word out, and probably most importantly pay miner fees.  They need those to stay solvent and we want them to stay solvent to secure the network. And if it pushes the devs to increasing block size sooner, great.
By the way what do you think about the political controversy around that block size increase? Mircea Popescu will do anything to screw the hard fork. This could end up being really messy.

Storm in a teacup.
legendary
Activity: 861
Merit: 1010
January 15, 2015, 06:05:27 AM
But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess.

I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out.
A game app would not have be anywhere near as popular as angry birds to flood the blocks.



There's no doubt though that there is panic selling too as well. But even Sarotoubi serves a  purpose to pay miners,  get  the word out, and probably most importantly pay miner fees.  They need those to stay solvent and we want them to stay solvent to secure the network. And if it pushes the devs to increasing block size sooner, great.
By the way what do you think about the political controversy around that block size increase? Mircea Popescu will do anything to screw the hard fork. This could end up being really messy.
legendary
Activity: 1764
Merit: 1002
January 15, 2015, 06:00:53 AM
But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess.

I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out.
A game app would not have be anywhere near as popular as angry birds to flood the blocks.



There's no doubt though that there is panic selling too as well. But even Sarotoubi serves a  purpose to pay miners,  get  the word out, and probably most importantly pay miner fees.  They need those to stay solvent and we want them to stay solvent to secure the network. And if it pushes the devs to increasing block size sooner, great.
legendary
Activity: 1764
Merit: 1002
January 15, 2015, 05:55:05 AM
Bears insist on coughing up bitcoins.  And tvbcof cheers. You're idiots.

The last thing I'm doing now at these prices is coughing up BTC.  I might have finished off my early 2014 sales plan at that last $600 spikelett, but I didn't want to have my bank account shut down again.  I'm not buying, but that's mainly because I still have as many in my stash(es) as I need.  I'd consider buying again if not, but only after seeing some strong evidence that sidechains are on the way and that the Bitcoin Foundation bloatchain fork fails to materialize.  I thought the fork was looking like it might happen a year ago and it was a big factor in my deciding to sell in the quantity that I did since it is likely to permanently damage Bitcoin.



There's a thread up top asking about who sold at160.  You probably did, didn't you? Why? Because your rhetoric,  negativity, and personal attacks have palpably picked up in intensity as the price  dropped. I won't let anyone forget just how negative you've been over the last couple of weeks towards Bitcoin I'll tell you right now.  All the things wrong about it. You'll never live it down.
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
January 15, 2015, 05:12:27 AM
But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess.

I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out.
A game app would not have to be anywhere near as popular as angry birds to flood the blocks.

legendary
Activity: 861
Merit: 1010
January 15, 2015, 05:07:58 AM
But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess.
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