Gold collapsing. Bitcoin UP. - page 961.

cypherdoc

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Quote from: inca on September 12, 2014, 12:23:41 PM

Quote from: cypherdoc on September 12, 2014, 12:13:50 PM

pretty huge:

The decision by the CFTC, which regulates swaps and futures, constitutes the first recognition by a U.S. federal regulator of a bitcoin financial product, even if the product does not itself involve the exchange of actual bitcoins.

http://www.reuters.com/article/2014/09/12/us-usa-bitcoin-cftc-idUSKBN0H71FU20140912?feedType=RSS&feedName=technologyNews

And is a nod to the big boys to start pushing bitcoin around.

note in the article that a prerequisite to the approval was the construction of a non-manipulable index which ended up being a composite of 6 exchanges, presumably spread round the world, which is exactly what i have been arguing needs to be done to prevent the pushing around you indicate. this is key and should represent an opportunity for more quality well run exchanges to hopefully open up to spread the risk.

inca

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Quote from: cypherdoc on September 12, 2014, 12:13:50 PM

pretty huge:

The decision by the CFTC, which regulates swaps and futures, constitutes the first recognition by a U.S. federal regulator of a bitcoin financial product, even if the product does not itself involve the exchange of actual bitcoins.

http://www.reuters.com/article/2014/09/12/us-usa-bitcoin-cftc-idUSKBN0H71FU20140912?feedType=RSS&feedName=technologyNews

And is a nod to the big boys to start pushing bitcoin around.

cypherdoc

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pretty huge:

The decision by the CFTC, which regulates swaps and futures, constitutes the first recognition by a U.S. federal regulator of a bitcoin financial product, even if the product does not itself involve the exchange of actual bitcoins.

http://www.reuters.com/article/2014/09/12/us-usa-bitcoin-cftc-idUSKBN0H71FU20140912?feedType=RSS&feedName=technologyNews

cypherdoc

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more black hole sh*t --> deflation:

http://www.zerohedge.com/news/2014-09-12/harsh-austerity-sends-italian-spanish-debt-record-highs

Adrian-x

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Quote from: messibtc on September 12, 2014, 10:36:20 AM

Is it the hashrate from the start to now?
I see a big drop and a sudden recover in the last period, maybe it's time to hold some coins.

No.

The start to now is way more impressive

http://bitcoin.sipa.be/

And I think it's a good time to hold.

Wekkel

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yes

Quote from: cypherdoc on September 12, 2014, 09:41:46 AM

the key question is whether Bitcoin can withstand the deflation.

personally, my bet is that it can.

Love to hear your arguments.

adaseb

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Is it just me or isnt the reason why GOLD is going down lately because the dollar is going up.

Very little correlation to bitcoin

messibtc

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Is it the hashrate from the start to now?
I see a big drop and a sudden recover in the last period, maybe it's time to hold some coins.

cypherdoc

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Still incredibly encouraging:

justusranvier

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Quote from: cypherdoc on September 12, 2014, 09:51:11 AM

we are a country born out of war (WWII). our prosperity was born out of war. we have continually lived war. we are a warring nation.

You Live In A Murder Based Society

cypherdoc

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i heard an interesting perspective the other day on the birth of our country:

we are a country born out of war (WWII). our prosperity was born out of war. we have continually lived war. we are a warring nation.

http://www.zerohedge.com/news/2014-09-12/us-unveils-latest-russian-sanctions-putin-immediately-responds-russia-drafting-retal

cypherdoc

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https://twitter.com/cypherdoc2/status/510438606226599937

cypherdoc

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the key question is whether Bitcoin can withstand the deflation.

personally, my bet is that it can.

cypherdoc

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major pm shellacking as support breaks:

cypherdoc

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this one bears close watching: TLT-20yr UST

according to my cycles we're overdue for a short term bottom here. thus, i wouldn't get aggressive shorting this. remember the dead bodies of JGB traders. otoh, i've said all along that during the next crisis, unlike the last one, i think one of the twin pillars of US hegemony will crack; either the USD or UST's. i'm still not sure which one so the only way to tell will be to follow the technicals closely as it unfolds. either way, it could mean big trouble.

Wekkel

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yes

Quote from: cypherdoc on September 12, 2014, 08:52:06 AM

Dollar up, everything else down - - > deflation

It looks as if the next phase has started. Awaiting central banker panic somewhere next year.

cypherdoc

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Dollar up, everything else down - - > deflation

cypherdoc

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Gold collapsing. Bitcoin stable.

wachtwoord

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Quote from: cypherdoc on September 12, 2014, 05:22:52 AM

Quote from: sidhujag on September 12, 2014, 12:52:14 AM

Quote from: cypherdoc on September 11, 2014, 11:36:16 PM

Quote from: cypherdoc on September 11, 2014, 11:24:31 PM

Quote from: bitcool on September 11, 2014, 11:20:53 PM

I feel the pain for Au Ag bugs. It has been brutal.

wait, weren't you one of my trolls from 2011?

edit: iirc, you made a comment in the Gold: I smell a trap thread right at the top of the gold price 9/2011. can't remember exactly what it was but it stuck with me...

i knew it. here it is:

https://bitcointalksearch.org/topic/m.500119

That chart looks uber bullish to me.. candle stick analysis. I think gold is in for a crazy bull ride like never before... but when is the question. Maybe bitcoin will pull it up one day as both acting as safe havens.

Hahaha, that's what we call TA Wink

Uh, you do realize it's a zoom into the top in Sept 2011? Gold promptly collapse $700 from here.

cypherdoc

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Quote from: sidhujag on September 12, 2014, 12:52:14 AM

Quote from: cypherdoc on September 11, 2014, 11:36:16 PM

Quote from: cypherdoc on September 11, 2014, 11:24:31 PM

Quote from: bitcool on September 11, 2014, 11:20:53 PM

I feel the pain for Au Ag bugs. It has been brutal.

wait, weren't you one of my trolls from 2011?

edit: iirc, you made a comment in the Gold: I smell a trap thread right at the top of the gold price 9/2011. can't remember exactly what it was but it stuck with me...

i knew it. here it is:

https://bitcointalksearch.org/topic/m.500119

That chart looks uber bullish to me.. candle stick analysis. I think gold is in for a crazy bull ride like never before... but when is the question. Maybe bitcoin will pull it up one day as both acting as safe havens.

Uh, you do realize it's a zoom into the top in Sept 2011? Gold promptly collapse $700 from here.

Topic: Gold collapsing. Bitcoin UP. - page 961. (Read 2032274 times)