i remember that SR event like it was yesterday. im sitting in the same seat as i was last year too. t'was amazing. took a gamble and made a sweet btc bankroll boost of +10% in an hr and then had the joy of watching the rocket take off. just another magical day in bitcoin trading. i wonder how many people truly sold (without buying back). poor schmucks.
Answer: alot I remember sitting at my piano when the news rolled across the feeds. The bearish case was so compelling; Bitcoin loses its biggest user! The price tanked like a bitch triggering all sorts of stops at 100, but promptly turned right around within hours and began the rocket launch. Believe me, when people make snap decisions to sell like that under pressure, they don't buy back in quickly, if at all. |
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USD/JPY continuing to rise:  |
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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 |
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Fear continuing to rise on the S&P:  |
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major silver miner PAAS heading down:  |
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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.
I just noticed that tomorrow is the anniversary of the capitulation bottom to $140 (gox) that started the next run up... 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. |
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Western Union heading back down:  |
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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.
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Obviously Bitcoin has more potential than Gold and performed better last few years but Bitcoin is more risky and Gold can benefit of the upcoming fall of the USD and western financial system too so it's a great asset to have for us who know what is coming
In my mind it's most likely that distributed crypto-currencies will benefit from a lose of confidence in fiat systems much more than gold. The simple reason for this is that they are new and starting from a lower position relative to gold and silver. I see gold, and to a larger degree, silver, as being something to have should a loss of confidence in fiat systems result in war, famine, totalitarianism, etc. Such outcomes are not unusual in times of economic collapse and I don't think that any country is immune from them. It would be much easier for authoritarians to limit realistic normal use of something like Bitcoin which requires a reasonably well-working and free global internet and in times of strife I find it almost inconceivable that such a thing would go unchallenged. It would still be worth having some private keys with assigned value, but mostly to hold on to for better times and/or to use in operations which are already quite risky anyway. 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 FIREthis is my argument as well. even if, and maybe moreso, if we get another deflationary event in the stock mkt. |
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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:  |
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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:  |
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yeah, you're right. just let everyone read it for themselves:  i thought your Mommy was tucking you in for nite nite? |
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cypherdoc:
What, specifically, don't you understand, cypherdoc? The words themselves or?
no, i'd just like you to clarify for our audience. There's nothing to clarify, and the audience is probably one or two sleepy, bored d00ds. ...who are [hopefully] smarter than U, and need no clarification of stuff that's clear to a four-year-old. you ARE the 4yo based on all your baby pictures and lack of intelligent discourse. |
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$DXY still going up tonite. sidhuajag, i still don't see how stocks keep rising in the face of this, despite your reasoning:
I think they will wait for usdx retrace... Higher lows for both... Someone ban this lambchop guy seriously offtopic what's interesting is i have intermediate-term sell signals this past week on the S&P, NDX, Wilshire 5000, the $DJT and even the Dow Jones World Index. Intermediate-term sell signals were also triggered on the French CAC and the German DAX. the $DJI is the only holdout. |
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cypherdoc:
What, specifically, don't you understand, cypherdoc? The words themselves or?
no, i'd just like you to clarify for our audience. |
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Sleep tight!
no, no! please don't go! i'm enjoying this. we haven't even gotten started on this part yet:  swallows and squeals like a pig! bwahahahaha! No need to be angry just because I didn't accept your advances. I'm sure there are other boys who'll be happy to play with you, cypherdoc  no, i'm very happy with you, son. My LittleLampChop. Look, I tried being polite, but... NO! YOU CAN NOT SUCK MY DICK. Now stop being gross  how old are you? really? Old enough not to let a creepy d00d from the internet pick me up, cypherdoc. Jeesh.  Now good night already, Pervert maybe you can help us translate the first red rating sentence above. something about "abuses the trust..." |
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$DXY still going up tonite. sidhuajag, i still don't see how stocks keep rising in the face of this, despite your reasoning:  |
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Sleep tight!
no, no! please don't go! i'm enjoying this. we haven't even gotten started on this part yet: swallows and squeals like a pig! bwahahahaha! No need to be angry just because I didn't accept your advances. I'm sure there are other boys who'll be happy to play with you, cypherdoc no, i'm very happy with you, son. My LittleLampChop. Look, I tried being polite, but... NO! YOU CAN NOT SUCK MY DICK. Now stop being gross how old are you? really? |
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Sleep tight!
no, no! please don't go! i'm enjoying this. we haven't even gotten started on this part yet: swallows and squeals like a pig! bwahahahaha! No need to be angry just because I didn't accept your advances. I'm sure there are other boys who'll be happy to play with you, cypherdoc no, i'm very happy with you, son. My LittleLampChop. |
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