Gold collapsing. Bitcoin UP. - page 885.

BlindMayorBitcorn

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Quote from: Adrian-x on October 07, 2014, 02:12:35 PM

Quote from: Melbustus on October 07, 2014, 01:45:26 PM

Quote from: cypherdoc on October 07, 2014, 12:11:21 PM

nice graph from Pantera. Bitcoin continuing to gain on altscams:

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf

This is my new favorite chart.

you see that dip in march, that's my alt portfolio right there. (not my volume, just the following depreciation)

I'm thinking the same thing is going to happen during the next run up.

This is legitimately good news. I hate altscams

rocks

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Quote from: kodtycoon on October 07, 2014, 04:46:13 PM

Quote from: cypherdoc on October 07, 2014, 03:48:15 PM

Quote from: sgbett on October 07, 2014, 03:24:19 PM

Quote from: cypherdoc on October 07, 2014, 03:19:37 PM

RUT breakdown. i've been warning about this for months:

small caps first to lose confidence? the canary in the coal mine?

repeat of 2008 x10 incoming?

It doesn't have to be a x10 repeat, just a x1 repeat will cause a disruption at a historical level.

The difference this time is CBs worldwide already have the petal to the metal. Rates are already zero bound with almost a decade of ZIRP with negative real rates, while at the same time they have printed a historical amount of money ($85B/month or $1.05T/yr) increasing M0 by several hundred percent.

If there is another downturn it will be the first time there has been a downturn during a period where the tools CBs traditionally use are already turned on, which leaves little extra to pump into the system. Regardless of what we call it, the response can only be massive default on our historical levels of debt. Either honestly through default or dishonestly through significantly more monetary inflation.

ErisDiscordia

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Imposition of ORder = Escalation of Chaos

so do we finally get a stock market crash? I still can't believe for how many years the feds managed to prop it up. Would be nice for it to coincide with a Bitcoin reversal.

hdbuck

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Quote from: molecular on October 07, 2014, 02:34:29 PM

Quote from: cypherdoc on October 07, 2014, 11:22:55 AM

the great thing about the Blockchain.info investment is that of all the wallets and exchanges out there, blockchain.info adheres most closely to the founding principles of Satoshi and Bitcoin. headed by Roger Ver, you just know that blockchain.info will never do anything to compromise the original Bitcoin vision; that of privacy (tumbling), personal handling of keys, safety, and great development. they even pay all their employees in Bitcoin negating the need for banks.

I wouldn't bet on this. The investors have a say in things and the "philosophy" of blockchain.info could change over time.

I've met nick carry once for a beer and he seemed very attached to his principles.
Not dealing with banks and user privacy are immuable priorities for blockchain.info.
Otherwise they would just fall as some random bitcoin service.

kodtycoon

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Quote from: cypherdoc on October 07, 2014, 03:48:15 PM

Quote from: sgbett on October 07, 2014, 03:24:19 PM

Quote from: cypherdoc on October 07, 2014, 03:19:37 PM

RUT breakdown. i've been warning about this for months:

small caps first to lose confidence? the canary in the coal mine?

repeat of 2008 x10 incoming?

cypherdoc

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Activity: 1764

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Quote from: sgbett on October 07, 2014, 03:24:19 PM

Quote from: cypherdoc on October 07, 2014, 03:19:37 PM

RUT breakdown. i've been warning about this for months:

small caps first to lose confidence? the canary in the coal mine?

sgbett

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Quote from: cypherdoc on October 07, 2014, 03:19:37 PM

RUT breakdown. i've been warning about this for months:

small caps first to lose confidence? the canary in the coal mine?

cypherdoc

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RUT breakdown. i've been warning about this for months:

cypherdoc

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Dow -272 ouch

Melbustus

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Quote from: molecular on October 07, 2014, 02:34:29 PM

Quote from: cypherdoc on October 07, 2014, 11:22:55 AM

the great thing about the Blockchain.info investment is that of all the wallets and exchanges out there, blockchain.info adheres most closely to the founding principles of Satoshi and Bitcoin. headed by Roger Ver, you just know that blockchain.info will never do anything to compromise the original Bitcoin vision; that of privacy (tumbling), personal handling of keys, safety, and great development. they even pay all their employees in Bitcoin negating the need for banks.

I wouldn't bet on this. The investors have a say in things and the "philosophy" of blockchain.info could change over time.

IIRC, Roger owned a controlling stake in Blockchain about a year ago. He's obviously pretty savvy, so I hope he's been able to maintain such a stake. It's not impossible: Zuck still owns >50% of the voting rights for Facebook shares, even though he owns <30% of the equity (again, IIRC).

molecular

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Quote from: cypherdoc on October 07, 2014, 11:22:55 AM

the great thing about the Blockchain.info investment is that of all the wallets and exchanges out there, blockchain.info adheres most closely to the founding principles of Satoshi and Bitcoin. headed by Roger Ver, you just know that blockchain.info will never do anything to compromise the original Bitcoin vision; that of privacy (tumbling), personal handling of keys, safety, and great development. they even pay all their employees in Bitcoin negating the need for banks.

I wouldn't bet on this. The investors have a say in things and the "philosophy" of blockchain.info could change over time.

cypherdoc

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Dow -242

Adrian-x

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Quote from: Melbustus on October 07, 2014, 01:45:26 PM

Quote from: cypherdoc on October 07, 2014, 12:11:21 PM

nice graph from Pantera. Bitcoin continuing to gain on altscams:

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf

This is my new favorite chart.

you see that dip in march, that's my alt portfolio right there. (not my volume, just the following depreciation)

I'm thinking the same thing is going to happen during the next run up.

cypherdoc

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Dow -209

cypherdoc

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looks like the RUT bounce is failing. that's not good, either:

cypherdoc

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Quote from: Melbustus on October 07, 2014, 01:45:26 PM

Quote from: cypherdoc on October 07, 2014, 12:11:21 PM

nice graph from Pantera. Bitcoin continuing to gain on altscams:

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf

This is my new favorite chart.

no, this one:

Melbustus

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Quote from: cypherdoc on October 07, 2014, 12:11:21 PM

nice graph from Pantera. Bitcoin continuing to gain on altscams:

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf

This is my new favorite chart.

cypherdoc

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oil solidly under $90. that's not good:

Melbustus

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Quote from: cypherdoc on October 07, 2014, 11:56:04 AM

so here you go; affirmation of my bucket theory with all levels rising in aggregate but at different rates and different times:

In full disclosure I’ve started buying it again after staying mostly on the sidelines for most of the past two years.

http://avc.com/2014/10/bitcoin-price-and-promise/

of course it makes sense. as the price drops to lower and lower levels, the financially astute who believe in and understand the fundamental and technical promise of Bitcoin, decide to buy. how can they resist? coins are cheap!

Wow, that's a big statement from Fred. Granted, he qualified his "I'm buying" statement a few sentences below in that post, but he's always been *very* careful about recommending the asset or even implying price appreciation.

It's funny, the big VCs and the Founders of the major VC-backed companies (Allaire, for instance) are always extremely careful to *not* talk *directly* about price-potential, yet they all talk about the potential for huge commerce to be done via bitcoin, requiring a lot more "liquidity" (ie, 10-100x boost in overall purchasing power). They're not idiots. They know what that means for price.

cypherdoc

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Quote from: Adrian-x on October 07, 2014, 01:36:04 PM

Quote from: cypherdoc on October 07, 2014, 01:27:12 PM

Quote from: Adrian-x on October 07, 2014, 01:17:47 PM

Quote from: cypherdoc on October 07, 2014, 11:22:55 AM

the great thing about the Blockchain.info investment is that of all the wallets and exchanges out there, blockchain.info adheres most closely to the founding principles of Satoshi and Bitcoin. headed by Roger Ver, you just know that blockchain.info will never do anything to compromise the original Bitcoin vision; that of privacy (tumbling), personal handling of keys, safety, and great development. they even pay all their employees in Bitcoin negating the need for banks.

this development almost ensures Bitcoin's long term survival.

sure but without a company bank account, how is that $30M invested, is the investor going to be buying bitcoin? is that the reason for this big drop, a predetermined quantity of bitcoin at an average rate on a set date?

altho your question makes sense, i don't think they ever said they don't have a bank acct; only that all their income and expenses are done in BTC.

i'm also sure they've figured out how to accept the money somehow!

I'm sure he could find a way to accept $30M, but until recently they clained no bank count.

Quote from: Nic Cary - CEO of Blockchain - June 2014

My company is a 100 percent Bitcoin-based business. We don’t even have a corporate bank account. All of our employees are paid in Bitcoin and we do everything we can to maintain a Bitcoin economy.

maybe they'll need to buy $30M in BTC? Grin

Topic: Gold collapsing. Bitcoin UP. - page 885. (Read 2032266 times)