gold getting shellacked.
there's a huge clue here if you're willing to see it. i've already pointed out convincingly how gold has failed to curb the excesses of the Fed in controlling interest rates. now, what you're seeing, is gold failing to act as a hedge against geopolitical disruptions and even maybe war. this further supports my contention that 9/2011 was the top of gold's 9yr cycle and we will only see more downside.
i still see deflation occurring on a macroeconomic basis. the real question for us Bitcoiners is will Bitcoin continue to decline along with gold? i seriously doubt it. it's too young and the upside potential is too great. we're at the end of a 9 mo bear cycle, imo, and soon you will see Bitcoin diverge from gold in any upward direction. you just need to be patient.
Topic: Gold collapsing. Bitcoin UP. - page 972. (Read 2032272 times)
Metals are a pain in the ass to transport, dinosaur money, undivisible. Just buy BTC already you freaks.
coiling. we're gonna get another pop off.
the Bitstamp Bears are gonna get hurt.
the Bitstamp Bears are gonna get hurt.
Maybe If you keep calling it you'll be right one day!
Remind me not to help you anymore despite you being a former sub.
No worries about this dip. yep, cheap coins along with the bigger purpose: kill off Bitcoin competitors.
Wasn't trying to be an ass. I know it's going up eventually too, you just can't keep constantly saying this is it it's going up followed by consistent drops, only to say you were right when it goes up:P No need to take it personally, I really appreciate everything you've done for me and on this thread.
i never brag about how i was right, unsolicited. at least i don't think so and if i did i really shouldn't have. i will quote my gold and silver sales in the past only to make a point on the bigger picture. i may be arrogant (i'd prefer convicted) but i'm not full of myself. there is a difference.
coiling. we're gonna get another pop off.
the Bitstamp Bears are gonna get hurt.
the Bitstamp Bears are gonna get hurt.
Maybe If you keep calling it you'll be right one day!
Remind me not to help you anymore despite you being a former sub.
No worries about this dip. yep, cheap coins along with the bigger purpose: kill off Bitcoin competitors.
Wasn't trying to be an ass. I know it's going up eventually too, you just can't keep constantly saying this is it it's going up followed by consistent drops, only to say you were right when it goes up:P No need to take it personally, I really appreciate everything you've done for me and on this thread.
Dollar up, everything else down including bitcoin.
Somethings gotta give and eventually start acting as a safe haven.
Somethings gotta give and eventually start acting as a safe haven.
coiling. we're gonna get another pop off.
the Bitstamp Bears are gonna get hurt.
the Bitstamp Bears are gonna get hurt.
Maybe If you keep calling it you'll be right one day!
Remind me not to help you anymore despite you being a former sub.
No worries about this dip. yep, cheap coins along with the bigger purpose: kill off Bitcoin competitors.
I wonder if Scotland votes to secede, would they start bombing it to make it return to UK like they do in Ukraine.
Seriously what are they thinking? Is it just incompetence or do they just dont hide from not caring about the people they govern anymore?
Their plans are going perfectly. The US, EU and Nato want a new cold war with Russia and they will probably get it at this rate. Or even a hot war. While I was on ZH I also read about the Scottish independence vote and how everyone was worried that scotland would secede. But I still can't work out exactly why anyone really cares.
http://www.zerohedge.com/news/2014-09-07/uk-full-panic-mode-rains-fire-and-brimstone-bribes-scotland-yes-independence-poll-cr
They care in the UK because they want Scotland to remain part of the union, mostly for their oil. Scotland has huge oil fields, which were opened up by BP and pipelines built to bring it ashore. The revenues went to London. If Scotland does secede, then they will be regaining control of their oil resources. That is 1 reason.
I remember hearing years ago that if Scotland were an independent country, it would be one of the richest in the world. There is another reason why they want independence.
I guess it is not important at all unless you live in England or Scotland.
If they vote for independence, then independence they shall have. It is also interesting to observe the vested interests and serious money throwing their weight behind the No campaign (no to independence).
If i was Scottish, I'd take one look at who was behind the No campaign and run to the Yes side.. but that's just me.
coiling. we're gonna get another pop off.
the Bitstamp Bears are gonna get hurt.
the Bitstamp Bears are gonna get hurt.
Maybe If you keep calling it you'll be right one day!
Seriously what are they thinking? Is it just incompetence or do they just dont hide from not caring about the people they govern anymore?
Their plans are going perfectly. The US, EU and Nato want a new cold war with Russia and they will probably get it at this rate. Or even a hot war. While I was on ZH I also read about the Scottish independence vote and how everyone was worried that scotland would secede. But I still can't work out exactly why anyone really cares.
http://www.zerohedge.com/news/2014-09-07/uk-full-panic-mode-rains-fire-and-brimstone-bribes-scotland-yes-independence-poll-cr
Seriously what are they thinking? Is it just incompetence or do they just dont hide from not caring about the people they govern anymore?
When money is printed in the form of debt - and that debt goes sour and is parked in a "bad bank", it does not represent a larger money supply and therefore price increases. Supply being only the money that is in fact offered on the market.
So to the degree this is happening, we have no inflation, but what we do have, is the distortion of the market and resulting of waste of investments, and the loss of the continuous correction of the production structure that we like in laissez faire capitalism.
Even without money supply expansion as presumed above, the investment waste will in the end reduce productivity and consequently lead to higher goods prices.
So to the degree this is happening, we have no inflation, but what we do have, is the distortion of the market and resulting of waste of investments, and the loss of the continuous correction of the production structure that we like in laissez faire capitalism.
Even without money supply expansion as presumed above, the investment waste will in the end reduce productivity and consequently lead to higher goods prices.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FuWiRcOR.png&t=544&c=F19hzAOM0iF-fw
BTC volume is rising or is this just showing local bitcoins is becoming a more popular site despite the decline. I read in a newspaper, which is ironic as its national publication but anyway they said BTC is a declining medium ever seen December price peaked.
This would match up with the clampdown in China on business use of BTC. Previously China private industry had tried to use tons of copper as proxy currency and were also blocked from this practise, some say leading to a serious decline in world copper prices as so much building and construction is done in China especially
BTC volume is rising or is this just showing local bitcoins is becoming a more popular site despite the decline. I read in a newspaper, which is ironic as its national publication but anyway they said BTC is a declining medium ever seen December price peaked.
This would match up with the clampdown in China on business use of BTC. Previously China private industry had tried to use tons of copper as proxy currency and were also blocked from this practise, some say leading to a serious decline in world copper prices as so much building and construction is done in China especially
coiling. we're gonna get another pop off.
the Bitstamp Bears are gonna get hurt.
the Bitstamp Bears are gonna get hurt.
more evidence that the UST mkt is a black hole sucking in more and more wealth and productive capital. we're doing a Japan:
“Bank regulators are now forcing financial institutions to hold more Treasury securities in an effort to ensure cash solvency in the event of another financial crisis
Rule after rule is increasing concentration by investors, banks and others in what are called high-quality liquid assets,” said Wayne Abernathy, vice president at the American Bankers Association."
http://dailycaller.com/2014/09/05/to-avoid-another-crash-banks-forced-to-buy-treasury-securities/#ixzz3CbQazJgW
“Bank regulators are now forcing financial institutions to hold more Treasury securities in an effort to ensure cash solvency in the event of another financial crisis
Rule after rule is increasing concentration by investors, banks and others in what are called high-quality liquid assets,” said Wayne Abernathy, vice president at the American Bankers Association."
http://dailycaller.com/2014/09/05/to-avoid-another-crash-banks-forced-to-buy-treasury-securities/#ixzz3CbQazJgW
Interesting ZH article about the permanently high plateau that is the S&P. The site is down for maintenance so I can't link it but one quote got me thinking: "one glance at a chart of the S&P 500 tells us that stock prices have reached what looks like a permanently high plateau. How can we identify a permanently high plateau? One sign is price never touches the 50-week moving average (MA), much less the 200-week MA: prices just keep marching higher in a volatility-free permanently rising plateau."
The VIX, consumer confidence, unemployment, exchange rates, interest rates et al are all massaged into something their own mothers wouldn't recognize. So if you want to gauge the economy in meaningful terms, you have to look at raw numbers for power consumption, container traffic through the suez or panama canal etc. In the world of BTC, what is an equivalent? What should we be looking at to see if sentiment is positive or negative that is still relatively un-manipulated? I'm not sure if I'm asking the right question but once analytics takes over any market, it seems the stats are distorted such that getting a clear picture is very difficult.
The VIX, consumer confidence, unemployment, exchange rates, interest rates et al are all massaged into something their own mothers wouldn't recognize. So if you want to gauge the economy in meaningful terms, you have to look at raw numbers for power consumption, container traffic through the suez or panama canal etc. In the world of BTC, what is an equivalent? What should we be looking at to see if sentiment is positive or negative that is still relatively un-manipulated? I'm not sure if I'm asking the right question but once analytics takes over any market, it seems the stats are distorted such that getting a clear picture is very difficult.
lookin' real good:
complex series of higher lows after 9 mo bear mkt. good enough for me:
fallling is faiiling.
I said low 470's or even lower.
I said low 470's or even lower.
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