Topic: Gold collapsing. Bitcoin UP. - page 910. (Read 2032266 times)

good article by Nicholas Colas about the importance of volatility as it applies to stocks.  but the same can be said for Bitcoin:

The problem is that volatility is actually important to the proper functioning of capital markets. In fact, it is critical to both effective societal asset allocation and as a way to judge the skill of managers on Wall Street and Main Street alike. It isn’t just price levels that define capitalism; it is the correlated spectrums of risk and return from sure bets to highly speculative ventures that keeps the machine running smoothly. The journey really is just as important as the destination.

http://www.zerohedge.com/news/2014-09-29/can-us-economy-handle-meaningful-downturn-financial-asset-prices

...and hope is magnified by the fear it relieves.  There are plenty of sources generating reasonable fears everywhere.  Why not be prepared?

Fear continuing to rise on the S&P:

major silver miner PAAS heading down:

Circle may be a game changer.  You can sign-up on your phone from anywhere and purchase your first bitcoins with your credit card within minutes.  The fact that they use mandatory 2FA (via SMS by default) also makes me feel better about recommending this service to acquaintances.  Should COIN launch this winter, then the fiat <---> bitcoin gateway infrastructure will be ripe to support another wave of adoption.  

I think naturally highly-motivated people tend to underestimate just how much of an obstacle not being able to do something NOW is.  The fact that a new user could securely purchase $50 of bitcoins using Circle in the same conversation that he learned about them is very big.   I've had this image in my head for the last month, should we see another growth spurt, of 20- and 30-somethings all over the world, staring at their smart phones as the price rallies, throwing another $100 on the credit card over and over.  Like Adam says, what happens if a million people press BUY at the same time?  

Those like JorgeStofli, who argue that paying a 2.9% credit card fee to buy bitcoins defeats the purpose, completely miss the point.  These are gateways products bridging the old system with the new.  People aren't buying $400 of bitcoin with a credit card to buy a TV from Overstock.  They are buying $400 of bitcoin to be part of something that has the potential to completely reshape the financial system, our economy, and ultimately, our world.  

Bitcoin's killer app is hope.  What other technology/investment can give young people all over the world as much hope for a better future as bitcoin?

looks like it was 10/2/13, the date of the SR takedown.

whoever sold on that news missed out big time.  it was a huge, unintuitive reversal.

Last run-up to 450 none of the shorts closed, I think we need to go to around 470-500 before we see a short squeeze. What's your view on this?

I just noticed that tomorrow is the anniversary of the capitulation bottom to $140 (gox) that started the next run up...

such subtle! lol

https://twitter.com/cypherdoc2/status/516628750470242304

Western Union heading back down:

if a million poeple hit market buy with 20$ we're gana have a problem  

never gana happen....

Huge deal. Have been playing around with it today. Easiest on-ramp yet. I'm sure they're going to use the media quite a bit and the masses will be able to buy $20 or so with ease

Circle open access to easy Bitcoin is a big deal.

and if you believe in big fractals, percentages, and timing, now's not a bad time.

this is my argument as well. even if, and maybe moreso, if we get another deflationary event in the stock mkt.

you gotta admire how the apparatchiks run the futures up and down overnight to trigger all the stops @17000 at the open for the main indices for retail investors.  this market will chew you up:

good 'ol trustee SLW grinding lower.  i think we have room for one more short term punch down in both gold and silver before we get a bounce:

What you meant is Gold will benefit more because it is more established and known, it's reasonable to think that but Bitcoin has a huge potential no matter what; we could see economic collapse with some countries that fair very well aka Asian countries, free countries like Switzerland; the collapse of the USD will be great in the medium term for the hard working/hard saving countries like China, they will consume what they produce just fine, they don't need the Americans to consume what they produce and pay in fiat

6pages of comments in one day, this thread is ON FIRE

ltc needs one more dump to hit target.

LOL