Gold collapsing. Bitcoin UP. - page 874.

zeetubes

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Quote from: Wekkel on October 10, 2014, 06:50:09 AM

Quote from: FNG on October 10, 2014, 06:17:29 AM

Dow futures -91

Pull out now. Feels like when I liquidated my portfolio in 08 to watch the markets crash shortly after

-91 is not extraordinary. Can you elaborate?

Normally the Fed doesn't allow the markets to end a Friday on a down note. There's not much data around today and after the last three days of panic and after nasty sessions in Asia and Europe the only way the US markets should end is down. The fed has made noises about not interfering and if they don't there's not much to hold the indices up. If the markets start the session heading down and the fed doesn't step in then it could be an ugly day. I can't really believe the fed will keep their fingers out of the pie but we'll know in a few hours.

Wekkel

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yes

Quote from: FNG on October 10, 2014, 06:17:29 AM

Dow futures -91

Pull out now. Feels like when I liquidated my portfolio in 08 to watch the markets crash shortly after

-91 is not extraordinary. Can you elaborate?

FNG

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Dow futures -91

Pull out now. Feels like when I liquidated my portfolio in 08 to watch the markets crash shortly after

boumalo

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The market is totally oblivious to the reality in the Gold Market and the reality is coming to come back bite every stupid investor in the $$$: rise use of other means of international exchange than USD, QE will come back bigger, interests rates at 0, less percentage workers compared to the population in the US and worse jobs, ect.

hdbuck

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The Rise and Rise of Bitcoin:
https://thepiratebay.se/torrent/11183060

You know what to do...
https://blockchain.info/address/19xb2pAzyv7feFkBhbh3n3rtBJ9JPTufm

CCMF!

FNG

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zeetubes

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Quote from: FNG on October 09, 2014, 11:42:27 PM

Quote from: zeetubes on October 09, 2014, 11:08:57 PM

Some of the inflation that would otherwise show up is being exported courtesy of the Fed, especially to Asia. Frothy real estate markets like Singapore, Shanghai, HK, Sydney are starting to show some cracks at the high end with failed auctions.

You should see what's happened to Bangkok since 2008. Condo building frenzy

Shocked

I haven't been to thailand in 20 years. But I keep seeing condos on offer in Bangkok, Phuket and Pattaya. Some of them look really nice but I would be suspect about the build quality. If prices take a tumble I may go have a look. People also keep telling me to check out Spain and Croatia too because Spain in particular went apeshit building new properties and then demand fell off a cliff. Soon it may be a great time to have cash in hand.

FNG

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Quote from: zeetubes on October 09, 2014, 11:08:57 PM

Some of the inflation that would otherwise show up is being exported courtesy of the Fed, especially to Asia. Frothy real estate markets like Singapore, Shanghai, HK, Sydney are starting to show some cracks at the high end with failed auctions.

You should see what's happened to Bangkok since 2008. Condo building frenzy

Shocked

brg444

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Bitcoin replaces central, not commercial, banks

holy hell Bitfury closed another 20 million funding round in one week Shocked

zeetubes

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Quote from: iCEBREAKER on October 09, 2014, 11:01:12 PM

Quote from: Melbustus on October 09, 2014, 04:05:26 PM

Quote from: YogoH on October 09, 2014, 03:49:46 PM

This CFTC meeting is bullish as fuck!

The commissioner's closing remarks were indeed quite positive. He prefaced the following by noting that he considered the Professor's (panelist Houman Shadab) remarks about tying assets to the blockchain quite fascinating. He continued:

Is there a Tube? I know Houman from way back and am pleasantly surprised to see him again, in the eye of the Hurricane Bitcoin no less! Cool

https://www.youtube.com/watch?v=xUNGFZDO8mM

zeetubes

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Quote from: FNG on October 09, 2014, 10:20:25 PM

Quote from: solex on October 09, 2014, 10:15:24 PM

Alarm bells have got to be ringing on this SNAFU (and a much higher inflation rate imminent)

Federal Reserve balance sheet as a % of GDP

Someone has to prop up the markets Roll Eyes

I cannot comprehend how confidence has still not been completely lost

The bulk of that money is disappearing into the black hole otherwise known as the banks' balance sheets. Which is probably north of $300T so it's only the comparatively smaller chunks that show up in the mainstream economy, causing mild inflation in the US. Some of the inflation that would otherwise show up is being exported courtesy of the Fed, especially to Asia. Frothy real estate markets like Singapore, Shanghai, HK, Sydney are starting to show some cracks at the high end with failed auctions. But high-end art and collectibles are still selling well. Despite what the fed mouthpieces are saying I don't see any way they can end QE(ternity) without a complete collapse, although they may sneak it in via another bs program. I think all we need now is a black swan to really kick things into gear. Ebola?

iCEBREAKER

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Crypto is the separation of Power and State.

Quote from: Melbustus on October 09, 2014, 04:05:26 PM

Quote from: YogoH on October 09, 2014, 03:49:46 PM

This CFTC meeting is bullish as fuck!

The commissioner's closing remarks were indeed quite positive. He prefaced the following by noting that he considered the Professor's (panelist Houman Shadab) remarks about tying assets to the blockchain quite fascinating. He continued:

Is there a Tube? I know Houman from way back and am pleasantly surprised to see him again, in the eye of the Hurricane Bitcoin no less! Cool

FNG

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Quote from: solex on October 09, 2014, 10:15:24 PM

Alarm bells have got to be ringing on this SNAFU (and a much higher inflation rate imminent)

Federal Reserve balance sheet as a % of GDP

Someone has to prop up the markets Roll Eyes

I cannot comprehend how confidence has still not been completely lost

solex

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100 satoshis -> ISO code

Alarm bells have got to be ringing on this SNAFU (and a much higher inflation rate imminent)

Federal Reserve balance sheet as a % of GDP

iCEBREAKER

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Crypto is the separation of Power and State.

Quote from: thezerg on October 09, 2014, 11:44:32 AM

The fact that people will manipulate financial markets for fun and profit is evident by the last 100 years of history. People are in jail for doing so in regulated markets.

Government regulation is the worst form of manipulation. Only force and fraud should be a reason to jail people.

Have you failed to notice that as regulatory capture deepens, the manipulation gets worse?

The captured regulators you so cherish deserve longer sentences than the more honest criminals who do not act under color of law.

Your domesticated, anti-market attitude is the reason we suffer under TBTF and TBTJ, and the other unintended consequences of forcing the invisible hand. Enjoy the rotten fruit of your good intentions! Wink

Melbustus

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Quote from: YogoH on October 09, 2014, 03:49:46 PM

This CFTC meeting is bullish as fuck!

The commissioner's closing remarks were indeed quite positive. He prefaced the following by noting that he considered the Professor's (panelist Houman Shadab) remarks about tying assets to the blockchain quite fascinating. He continued:

Quote

...
And it just seems like based on what I have learned, some of those applications could be so compelling that it would be a real mistake for us as a commission to not make sure we are staying on top of these development's. Not, because we want to do anything other than understand the developments because it seems like this protocol, the Bitcoin protocol or something like it is very, very likely here to stay.
So the more information and education we can do on this now in trying to stay somewhere on the appropriate spot of the learning curve, it seems to be a very sensible thing to do.
So I think that it has been very, very helpful

Edit: And as usual, Jerry Brito nailed it. He dealt with a lot of the really annoying and difficult questions like how to explain the implications of "open source", or "mining", or "is it a currency or commodity" to regulators. I don't envy the job of trying to distill a topic which takes *months* for smart people to understanding into a 30 second summary, on the spot.

blaaaaacksuit

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Who cares?