It's a fun fact gold getting smacked again. Bitcoin stable.
This year Gold is in positive and Bitcoin lost 50% that's true when you cherry pick. i can do that too; look at the 5 yr chart  And looking at something's eternal lifetime (so for both gold and Bitcoin and annualized), might not be considered cherry picking too. Ok, go back 3y then |
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It's a fun fact gold getting smacked again. Bitcoin stable.
This year Gold is in positive and Bitcoin lost 50% that's true when you cherry pick. i can do that too; look at the 5 yr chart |
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it's heroes like Carmen Segarra that make me want to buy Bitcoin like hell.
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ok, again, reality check. are Bitcoiners, like goldbugs, irrationally skeptical of the incumbent fiat system? i don't think so: This sort of thing occurred often enough -- Fed regulators denying what had been said in meetings, Fed managers asking her to alter minutes of meetings after the fact -- that Segarra decided she needed to record what actually had been said. So she went to the Spy Store and bought a tiny tape recorder, then began to record her meetings at Goldman Sachs, until she was fired.
I don't want to spoil the revelations of "This American Life": It's far better to hear the actual sounds on the radio, as so much of the meaning of the piece is in the tones of the voices -- and, especially, in the breathtaking wussiness of the people at the Fed charged with regulating Goldman Sachs. But once you have listened to it -- as when you were faced with the newly unignorable truth of what actually happened to that NFL running back's fiancee in that elevator -- consider the following:
1. You sort of knew that the regulators were more or less controlled by the banks. Now you know.
2. The only reason you know is that one woman, Carmen Segarra, has been brave enough to fight the system. She has paid a great price to inform us all of the obvious. She has lost her job, undermined her career, and will no doubt also endure a lifetime of lawsuits and slander.http://www.bloombergview.com/articles/2014-09-26/the-secret-goldman-sachs-tapes |
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It's much smaller than it seems. The Danish government (as many north-western European governments) just subsidizes start-ups in general. SEED Capital just doesn't invest in any 'ol startup. and they're not going to invest in something the Danish gvt disapproves of. Unless we see an immediate retraction of this support and an explicit disapproval of Bitcoin association, this is a huge development as it represents the very first time a sovereign gvt has invested in a Bitcoin business. given all the "mehs" i'm seeing around this news, i'd say we've hit a bottom in sentiment. We have definitely reached a bottom in sentiment. Just see the reaction to PayPal being semi-positive about Bitcoin and tentatively incorporating it in its business. Who would have thought that just one year ago? In Bitcoin everything moves so fast. If the Paypal news would have been in November of last year it would have made a huge impact on Bitcoin price (short term of course). given that gvt is the fundamental organizational unit that can legally enforce a clamp down on Bitcoin, the fact that a non US gvt has now financially invested into a Bitcoin startup for the first time in its history makes a global crackdown on Bitcoin much less likely. there is enough positive fundamentals within Bitcoin that will divide gvt opinion, which is a very good thing. |
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It's much smaller than it seems. The Danish government (as many north-western European governments) just subsidizes start-ups in general. SEED Capital just doesn't invest in any 'ol startup. and they're not going to invest in something the Danish gvt disapproves of. Unless we see an immediate retraction of this support and an explicit disapproval of Bitcoin association, this is a huge development as it represents the very first time a sovereign gvt has invested in a Bitcoin business. given all the "mehs" i'm seeing around this news, i'd say we've hit a bottom in sentiment. |
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here's the Euro double short:  |
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the $DXY is breaking away from support and gathering momentum:  |
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gold getting smacked again. Bitcoin stable.
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cypherdoc's "support/resistance" strat vs Ryan's EWology strat. i got my popcorn, my bitcoins and my fiat ready  there's way more than just support/resistance strategy. |
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i'm definitely a buyer here. bought yesterday and today.
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well, here's some debt that is being sold off:  |
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oh, this looks fair:  |
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hmmm. BHP  FCX  copper futures  soybeans  all other softs are down as well iron ore  commercial RE-IYR; this can't be good  |
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silver can be a stock mkt leading indicator:  5y weekly $DXY:  i'm actually looking for a short term bounce in gold but the intermediate term cycle is still down. |
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unsurprisingly, VIX spiking:  |
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S&P should hit 3k to 5k before the final collapse and bitcoin uber bubble. I think next few years theres giong to be a fire to get into US dollar and stocks.. how that affects bitcoin is anyones guess. Look at how after every dip its bought strongly... every dip shorters come and say this is the one.. but it will happen when you least expect and are super bullish US.
i don't know man. i respect you as you've been right so far on the stock mkt. right now, it ain't looking so good. |
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$DXY lifting off like i've been warning. can't see how this is good for any risk asset, especially gold, except for Bitcoin:  |
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