Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 113. (Read 1009334 times)

dont forget to backup your wallet.dat peeps mine recently got corrupted in a failed SSD. salvage and rescan couldnt bring it back thankfully i had an old backup

No Worries,
Hit ZEIT with your best shot logictense.   
https://www.youtube.com/watch?v=x5kisPBwZOM


 

Yah we not only trash the value but also destroy the last shred of team's repo. The lower the price gets the more money I make.

don't forget about sub 1 satoshi markets (ltc, doge, etc.), there is still plenty of room below.

Ofc it will go up, can´t go down anymore 

Before huge pump should be dump . Price will rise in 2017 . Dont worry about it. 

Someone's really been dumping all their zeit. Guess they decided to trash the coin's value.

Anyone using that exchange known as BTER.

https://bter.com/article/11868


 

Happy New Year one and all!! I haven't posted here in a while. Been super busy with work, family, and working on my Master's degree. I've been synching up my wallet now for the past couple of days (yeah, I haven't synched in a while). Here's to a very prosperous new year for us all!

Hopefully, we will post an exact date when we know it.

 

April ultra low?

Talking about the death of petrodollar, here is a very interesting reading, "The Death of The Petrodollar and What Comes After", by Grant Williams: http://www.tfmetalsreport.com/blog/8067/guest-post-death-petrodollar-and-what-comes-after-grant-williams
Yet, I have been reading similar stuff back in 2011 and 2013.

Happy 2017 Knights ... Year of the Rooster maybe signals the rise of the Digital / Decentralized future.  The higher powers to be scheduled 2018 as D$-Day decades ago.

--
friendly notice:

ZEIT is on the suggested POS coins by TALK community list
https://bitcointalksearch.org/topic/m.17203167

feel free to stop by and promote 

I am fully aware how pm markets are manipulated, don't worry about that. COT reports included.
I am also aware how other reports, e.g., US unemployment data, are manipulated so that its outcome pleases the forces that be. I am also aware of the fact that the biggest banks (not only DB, the list is long and includes practically every single big bank, US or non-US) have been rigging the price of pms since the very beginning of the gold-free US dollar standard (1971).
But with all that scheme in place, I am also aware that the can-kicking game can be played longer than you and I can imagine, and more than any logical explanation of non-rigged economic indicators would permit.
As an example, have a look at this post back from April 2013: http://www.tfmetalsreport.com/blog/4667/gold-delivery-or-default
The things got only worse since then, yet where is the price of gold?
Having that in mind, I am really sceptical about seeing $3k Bitcoin, for exactly the same reasons.
No matter M2 speed, no matter fall of Venezuelan currency. Unfortunately.

And one more thing. Bitcoin's adoption is still well below that of PMs. As I wrote in my first post, fundamentally for Bitcoin not much has changed since the $5xx price. Therefore $3k is a wishful thinking that has little to do with the real price we may experience. Don't understand me wrong, but I don't want to be biased in any direction, neither Bitcoin-positive nor negative.

My Reason for the 3k bitcoin, is global usage going up because of many reason.
Countries with shit currency/losing trust in there governments, global awareness/more people using it.
etc.
Usage in many countries is going up quickly
https://blockchain.info/charts/my-wallet-n-users
5.5 million to 11 million wallets and BTC Marketcap went up equal to it.
I'm projection 35 million users that equals a $3k price, because of demand.

Trading if it to has to go from $250m a day to $600m a day too.

"You seem to mix two things: once you write about deflationary spiral and in the next sentence you write about serious rising of interest rates in 2016 and its consequences to derivative instruments."

I've no clue why you seem to think those two particular occurrences are in any way contrary or mutually exclusive. Both can be easily examined and confirmed to, in fact, be happening simultaneously. Here, allow me to make it painfully easy for you.

http://finance.yahoo.com/chart/%5ETNX#eyJtdWx0aUNvbG9yTGluZSI6ZmFsc2UsImJvbGxpbmdlclVwcGVyQ29sb3IiOiIjZTIwMDgxIiwiYm9sbGluZ2VyTG93ZXJDb2xvciI6IiM5NTUyZmYiLCJtZmlMaW5lQ29sb3IiOiIjNDVlM2ZmIiwibWFjZERpdmVyZ2VuY2VDb2xvciI6IiNmZjdiMTIiLCJtYWNkTWFjZENvbG9yIjoiIzc4N2Q4MiIsIm1hY2RTaWduYWxDb2xvciI6IiMwMDAwMDAiLCJyc2lMaW5lQ29sb3IiOiIjZmZiNzAwIiwic3RvY2hLTGluZUNvbG9yIjoiI2ZmYjcwMCIsInN0b2NoRExpbmVDb2xvciI6IiM0NWUzZmYiLCJyYW5nZSI6IjFtbyIsImFsbG93Q2hhcnRTdGFja2luZyI6dHJ1ZX0%3D

https://fred.stlouisfed.org/series/M2V

Please tell me you don't buy the silly gibberish that exits the pie hole of the current federal reserve puppet-in-chief. The US is seeing the lowest M2 velocity since M2 velocity has been tracked. This is happening while treasury prices are crashing(yields up). This is a global liquidity crunch, since as you likely know the US "petro" dollar is the world reserve currency. This is a recipe for the destruction of every other fiat currency and that is precisely what is happening.

As to the odd comments about gold prices. I can only assume you're completely unfamiliar with or unable to read a COT report? Are you unaware that DeutcheBank has admitted to taking part in rigging these markets and has named several other global banks as accomplices in the rigging of PM markets?

http://www.zerohedge.com/news/2016-10-17/deutsche-bank-pays-38-million-settle-silver-manipulation-lawsuit

This stuff is not theory. It's fact at this point. It's also a fact that there is no Bitcoin derivative to naked short sell into the market to control the price vs fiat. This is why Bitcoin will go wild before PMs finally break free of their manipulation.

You seem to mix two things: once you write about deflationary spiral and in the next sentence you write about serious rising of interest rates in 2016 and its consequences to derivative instruments. One or the other? I agree that we live in a rigged financial system, but that is also the reason why gold didn't go to $5k per ounce, and that is why it will be very hard for Bitcoin to reach $3k. Sorry, but I am allergic to gold bug mantra, and $3k Bitcoin sounds exactly that way like $5k gold sounded back in 2009-11. Cheat me once... I don't think we will see that, and what is more, I don't wish that anyone of us to happen. That would mean a global financial meltdown and crisis much worse to these we have seen so far (1929, and the recent ones) hitting practically anyone on the planet. I guess, I don't need to add what usually happens shortly after an outbreak of such a crisis, there are plenty examples in the history. What is more important however is that even with such an event in place Bitcoin, as it is today, would still not be the safe haven of the first choice, with gold and silver being easier to use and more widely accepted. And consequently, not rising that much against the collapsing dollar. But, as I said, I see this kind of scenarios as an academical discussion, rather than a real threat, especially that Bitcoin price today is still mostly the result of a speculative force rather than fundamental development. In this context, I repeat my previous question, what has changed fundamentally to Bitcoin since its valuation with $5xx handle, to make it rise six fold?

PS.
There were plenty of weaker fiat currencies collapsing in the last 25 years (as a result of speculative plays or economical situation), Russian rouble in 1998 is probably the most spectacular one, yet that is not the reason for Bitcoin to shot to the moon against US dollar.
 


 

These are no longer simply "threats" to the global economy. The Venezuelan currency collapsed in 2016...check a chart. The oldest bank in the world is collapsing NOW. The largest bank in Europe(Deutchebank) was bailed out in 2016. US Interest rates went up 100 basis points in a few months. Do you know what that does to interest rate swaps? Derivatives? ...other weapons of mass financial destruction?

The global banking system is dead and being propped up by gumbymints and central banksters. Mass debt saturation has been achieved and now we're in a deflationary spiral.

Sure, but all these threats were already in place when Bitcoin was worth $1200 (Mt. Gox pump) and then at $250 price (the dump afterwards).
I will rephrase my question: what has changed so drastically since the time Bitcoin was worth $500 (last summer) to justify a six fold increase in USD price?