these 2 charts are the most unpredictable of all, UST's and USD. one, or both of them, won't do well in the next crisis: looks like TLT is starting to hook up again=more blackhole sh*t:  here's the USD trying to get back over resistance and off to the races we're in the window of the daily cycle bottom which probably occurred on 9/16 but i'd like more confirmation:  |
|
|
|
i know everyone's feeling bad right about now with this relentless pullback but i strongly believe Bitcoin is going to start diverging UP inversely from gold very soon. in the big fractal of the Bitcoin price chart, we look to be completing the retest of the initial low @339. the bounce should begin:  |
|
|
|
since everyone prefers things that go UP, here are my double shorts. thank gaud for them to help blunt this Bitcoin dip:  notice how ZSL has blown thru two resistance levels today. yowser!:  |
|
|
|
miners still look like crap: GDX:  GDXJ:  |
|
|
|
gold sliding down the mountain. soon to go over the cliff following silver:  |
|
|
|
ugly, just ugly:  |
|
|
|
silver criticality incoming.
first critical breach is $19 for psychological reasons. then 18.70, finally 18.17.
first breach accomplished second breach accomplished third breach accomplished. Mission complete. |
|
|
|
let me emphasize this point once again.
as long as gold and silver are falling, there is no reason you should be selling your Bitcoin.
|
|
|
|
All it takes is a Electromagnetic pulse and you'd find out why just one store of wealth is not happening. Or a really bad solar flare, feasible events.
c'mon man, when's the last time that happened? have you heard of backups? Exactly. Bitcoin is highly redundant. The source code is duplicated all over the place. There are copies of the blockchain scattered throughout the world, on hard drives, on flash drives, on optical discs, etc. and soon we'll have copies in space via jgarzik's cubesat. |
|
|
|
Steve, you articulated the most succinct, logical, & pertinent rapid fire explanations of Bitcoin Freedom under time pressure i've ever seen to date. congratulations. this is a big deal. |
|
|
|
All it takes is a Electromagnetic pulse and you'd find out why just one store of wealth is not happening. Or a really bad solar flare, feasible events.
c'mon man, when's the last time that happened? have you heard of backups? |
|
|
|
Gold tanking collapsing again:  |
|
|
|
disgusting bankers: Those soft-hearted bankers expressed a concern that without adquate consumer protections, users of Bitcoin would be vulnerable to fraud and theft. Bankers also suggested, presumably out of a concern for national security, that Bitcoin be subject to the same anti-money-laundering procedures, including Know-Your-Consumer, that banks are subjected to. Bankers explicitly suggested that Bitcoin be subjected to the suspicious activities reports (SARs) that banks must currently file. Personally, this all sounds like an attempt at “raising rivals’ costs” to me.
http://www.cato.org/blog/bankers-advise-fed-regulate-bitcoin |
|
|
|
Patterns are imaginary. The trick is to understand how imagination works.
true, but my imagination on gold has worked so far.  |
|
|
|
gold up, btc down 70% ytd and counting lol
btc will be a blip in history in 50 yrs, gold will be as good as gold 1000 yrs from now.
Bitoin might end up a blip of history in 50 years or perhaps it will be like the 1st computer or a ford model T but you are confused about the point here. Gold will still be gold a 1000 years from now but it will never be money again for the majority of the worlds population just like pigeon mail will never be a future mode of communication for the majority of the worlds population or the horse will again somehow become a major mode of transport. No arguments there. I think it's more important to look at gold from its investment perspective right now. Does it have one last mega-spike left or is it dead in the water? If you believe the former then it's worth hanging in there or buying and waiting for the right time to sell, and then move into other investments. If you think it's already dead then your money should be somewhere else (or cash in hand waiting for something else), or shorting gold. And in these weird times, those are some bitching decisions to make. This is an interesting development. "Battle for control over gold pricing begins as China opens gold window tomorrow." http://www.examiner.com/article/battle-for-control-over-gold-pricing-begins-as-china-opens-gold-window-tomorrowthanks for the interesting article. May we live in interesting times... People who hold bitcoins aren't necesarily investors. They are equally as likely to be idealists, anarchists or just interested in technology. As user705 pointed out, gold as pure money is not the future, but gold, either long or short, could be a good short to mid term investment or speculative bid. a while back i went over why i thought the peak in gold was in 2011. if i'm right, this was an 11 yo bull which is pretty advanced and even longer than the general commodity bubble we had throughout the noughts. i believe there is a repeating 9 yr gold cycle which bottomed in 2008. this current 9 yr cycle appears to have topped in 2011 after only 3 yr and into a parabola, characteristic of bubble tops. the left translated shape also is suggestive that we've seen the top and is a bearish sign. we won't be bottoming for this cycle for a few more years. |
|
|
|
gold up, btc down 70% ytd and counting lol
btc will be a blip in history in 50 yrs, gold will be as good as gold 1000 yrs from now.
Bitoin might end up a blip of history in 50 years or perhaps it will be like the 1st computer or a ford model T but you are confused about the point here. Gold will still be gold a 1000 years from now but it will never be money again for the majority of the worlds population just like pigeon mail will never be a future mode of communication for the majority of the worlds population or the horse will again somehow become a major mode of transport. No arguments there. I think it's more important to look at gold from its investment perspective right now. Does it have one last mega-spike left or is it dead in the water? If you believe the former then it's worth hanging in there or buying and waiting for the right time to sell, and then move into other investments. If you think it's already dead then your money should be somewhere else (or cash in hand waiting for something else), or shorting gold. And in these weird times, those are some bitching decisions to make. This is an interesting development. "Battle for control over gold pricing begins as China opens gold window tomorrow." http://www.examiner.com/article/battle-for-control-over-gold-pricing-begins-as-china-opens-gold-window-tomorrowthanks for the interesting article. |
|
|
|
gold up, btc down 70% ytd and counting lol
btc will be a blip in history in 50 yrs, gold will be as good as gold 1000 yrs from now.
Guys like you, and especially the hired trolls all over this forum like Severro, antibitcoinconsortium, fallling, etc don't even realize that the only reason they are able push their agenda and scare everyone is through their repeated usage of the very tool that Bitcoin uses; the Internet. Bitcoin is essentially just messaging over the Internet. |
|
|
|
very helpful to retreive this old post to refresh my investing perspective in bitcoin.
what exactly has changed? oh, millions more in VC money, thousands more merchants, >100x price, Dell, Expedia, Overstock, 100's of ATM's worldwide, exchanges in multiple non US countries, a protective hashrate thru the roof, etc. |
|
|
|
|
Show Posts
