uh oh. breakdown. see how the RUT has been leading?:  |
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Medvedev and Li signed over 40 other agreements at the meeting, including outlining plans to add another pipeline from Russia to China. Li is in Moscow for a three-day visit. well, i guess if Europe doesn't want to use it, China will.
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Dow -201.
that's not good.
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Be careful with this, remember the Feds took down the mob by proving tax evasion, not actual crimes.
you also need to be careful in posting ridiculous amounts of bitcoin attributable to certain individuals. |
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as an admitted speculator, i can't tell you how much criticism i took in 2011 for speculating.
Whatever you do people are going to give you shit one way or another. Yeah. In the bitcoin-success case, there's going to be a slew of really annoying "you just got lucky" attacks, with zero appreciation for the depth of thought and strength of conviction required to initiate and hold these positions. Not to mention the efforts many of us spend educating others and combating ignorance and stupidity every day. Most people who got into bitcoin early I think will be able to withstand the "you just got lucky" attacks by peers or the population at large. The smart ones also won't flaunt it but simply create investment income and retire from day jobs quietly. My real concern is these attacks may result in some form of "windfall profits" tax. If bitcoin becomes what we all think it may become and the global populace eventually recognizes it as a primary form of money, then there probably will be attempts spread out the out-sized early adopter gains gains through the tax structure. There will be lots of arguments around "justice", "equality" and "fairness" but the result will simply be confiscation through taxation. It's not fair that you have $150M in bitcoin cypherdoc, you only need $50M (or $10M or $2M), anything more is greedy and selfish. If bitcoin grows into trillions of dollars, governments all over the world are going to want a very large cut, and there are lots of arguments to justify this cut to the voters. These justifications BTW were the whole reason bitcoin was created in the first place. who says i have any bitcoin? i just believe in the cause of fair money. |
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interesting insights, thanks for the link Greed is Bitcoins killer app. Incentivising early adoption and evangelizing by early adopters bootstraps it and provides the necessary marketing. as an admitted speculator, i can't tell you how much criticism i took in 2011 for speculating. |
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I wasn't aware of any of that. It sounds like a "One Weird Trick" claim. If nobody else has discovered this "flaw" a year later, then it doesn't exist and he is a scammer. his arguments are riddled in contradictions. i got him to say he will release his exploit code on Nov 4 in private pm's today, one year after his paper was published. then, he can stop publicly stop speaking about it, as i am sure it will amount to nothing. |
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goldbugs: "oh shit".
“Decrease in prices should ideally prompt people to buy more gold. Those looking to invest in bitcoins at this time are defying the trend,” said Sivakameshwar Rao, CEO and MD of BTCX India. Mr. Rao said investors in Vijayawada, Visakhapatnam and Nellore are leading the pack. He said that while Bitcoin is yet to be adopted in a big way in India, the developments this year have been positive.
Adds G. Gurumohan Reddy, who too has been buying and selling bitcoins for about six months now, “We expect gold prices to go down further. So investing in gold is not an option. Bitcoins have the potential to appreciate in the present time. Besides, storage of gold is risky. Bitcoin is digital with a small storage risk,” he explained. http://www.thehindu.com/news/cities/Hyderabad/bitcoin-giving-gold-the-nudge/article6494031.ece?ref=sliderNews |
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this doesn't look so good. 3y daily Rut. note how we've slid down the mountain into no man's land with no real support until all the way down thar to the 2nd red line:  |
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so, to keep the bear mkt in gold going, price shouldn't rise any higher than 1346.8:  |
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shorts starting to capitulate:  |
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Cypher you still see gold going down medium term? My cover finger is getting itchy.
you should've covered when i did  : just sold off my DZZ & ZSL. flat now, as i'm expecting a short term bounce.
there's some question as to when the daily short term bottom occurred; 9/22 or 10/6. i'm leaning to the latter which would be confirmed if we get over the 9/23 high:  nevertheless, we're into the time interval where a weekly/interm bottom should occur. mind you, we could get another punchdown more into the middle of the band. but on balance, if the weekly bottom is indeed in, we could go significantly higher. which is why i covered on 9/30:  i'm going to be looking to reinstitute my shorts, but not now. |
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