LOL!!!  |
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Starting to eat walls. I love it. Money probably arriving at the exchanges now.
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It's the money velocity that has collapsed ... and is still in vicious downtrend. Monetising the debt directly is a futile attempt to boost money velocity by the wizards of fiat.
The two biggest stories of the week from the elite are that USA (White House) is considering bombing both sides in a far off war ... (suspected insanity) and that the CFR suggests to print money directly into householder accounts aka helicopter money drop (patently insane).
History will look back askance on these times with pity.
the collapse in velocity and interest rates is a strong signal that deflation is winning. no matter how much money the Fed prints, it can't force ppl to spend. the Fed's complicity with the US Treasury to buy bonds over the last 34 yrs has caused a steady drop in interest rates. this drop in rates has caused periods of euphoria and over investment in certain sectors of the economy but overall what it is causing is deflation. the Treasury market, the largest market in the world next to forex, is continually front run by speculators searching for risk free profits in the form of ever rising bond prices. speculators know that the Fed will be there to pay them a higher price for the bonds they just bought from front running auctions. they know that ultimately in the case of a problem, bonds will be backstopped by the public either in the form of taxes or further money printing. the Treasury market is a veritable Black Hole. stop and think for a moment of the Ponzi scheme at work. Fed uses fresh USD to buy UST's from gvt and turns around and sticks those UST's on the asset side of it's balance as backing for those same USD's it just printed. gvt turns around and uses the USD's obtained from issuing UST's and wastes that money on welfare projects and warfare. they are much worse at allocating capital compared to the free market. when gvt needs to redeem the UST's, it just issues even more UST's for more USD's from Fed and the cycle spirals downward in terms of real productivity. this is deflation and we're seeing it in a plunging monetary velocity and negative interest rates in Europe. of course, certain sectors of the economy can experience price inflation at different times like the stock mkt currently just to fool you that hyperinflation is just around the corner. the noughts saw commodities rise along with gold. student loans are at all time highs. but these are just distractions to the main dynamic in play; the US Treasury/Fed ponzi dynamic using USD's and UST's to cause inadvertent deflation. real productivity suffers and the Fed is pushing on a string. for more on this read the writings of Professor Antal Fekete. |
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i think all the smaller chunk ask blocking walls are the same guy who was throwing up the two 1000 BTC walls earlier in the day.
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Dear lord. I think the Fed and the ECB will call Ripple labs for tips soon! now i feel bad for ripple pumper dude that comes on here every once in a while. He was absent for quite a while after the big crash (which happened when one ex-developer announced he was going to dump a lot) he came by the wall thread every once in a while, to remind us how cool ripple is, he will be dearly missed. anyone remember his name? |
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No one would expect that all of sudden the chinese would wake up eager for Bitcoins. You can't predict when the next rally will come, neither what will cause it.
You are right to say that there is nothing that would justify a rally as far we can see, but you kind of overstimate how far we can see
China is not the only market out there. Theres something brewing in Argentina that will give it a bump soon, maybe not as much everyone expects but that doesnt mean there wont be knock on panic buying from it. after that i think indonesia, maybe an african nation then i think india will be th next surprise buy rush prob next year. plenty of new markets out there, and plenty of work to be done in the existing markets. theres plenty of new ground for btc to cover people, so many thread starters with negative attitude makes me suspicious ... who would benefit from lower prices i wonder... same guys who put up the blocking walls. they ain't interested in selling. they're interested in stopping a price rise. |
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oh yeah, baby. 2 of them!  |
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bid wall moving forward to 507.97
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haha. someone just pulled down their 290 wall. wimps.
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thanks for that. excellent. |
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this is good. we're starting to get a bid wall flash @ 507:  |
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The drawbacks of America’s civil tort system are well known. What is new is the way that regulators and prosecutors are in effect conducting closed-door trials. For all the talk of public-spiritedness, the agencies that pocket the fines have become profit centres: Rhode Island’s bureaucrats have been on a spending spree courtesy of a $500m payout by Google, while New York’s governor and attorney-general have squabbled over a $613m settlement from JPMorgan. And their power far exceeds that of trial lawyers. Not only are regulators in effect judge and jury as well as plaintiff in the cases they bring; they can also use the threat of the criminal law.Perhaps the most destructive part of it all is the secrecy and opacity. The public never finds out the full facts of the case, nor discovers which specific people—with souls and bodies—were to blame. Since the cases never go to court, precedent is not established, so it is unclear what exactly is illegal. That enables future shakedowns, but hurts the rule of law and imposes enormous costs. Nor is it clear how the regulatory booty is being carved up. Andrew Cuomo, the governor of New York, who is up for re-election, reportedly intervened to increase the state coffers’ share of BNP’s settlement by $1 billion, threatening to wield his powers to withdraw the French bank’s licence to operate on Wall Street. Why a state government should get any share at all of a French firm’s fine for defying the federal government’s foreign policy is not clear.think Ben Lawsky http://www.economist.com/news/leaders/21614138-companies-must-be-punished-when-they-do-wrong-legal-system-has-become-extortion
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What if Satoshi and the first miners decide to start dumping? They must collectively have a massive amount of bitcoins.
they won't |
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A worldwide deflation fear is expanding and may actually be rampant. BCA Daily Insights (August 25, 2014) notes that, “out of 32 OEC countries, more than two-thirds have domestic inflation rates that fall short of 1%.” BCA analysts go on to argue that the worldwide inflation rate may converge to zero over the next couple of years.
Debt markets currently reflect this fear. Here are examples of yields on the benchmark 10-year interest rate for sovereign debt. This is not about credit risk. This is about the risk that the global price-level change will approach or reach zero.
1. United States 10-Year Treasury Yield, 2.4%
2. Germany 10-Yield Bund Yield, under 1%
3. Japanese 10-Year JGB Yield, under 0.5%
4. France 10-Year Government Bond Yield, 1.3%
5. Canada 10-Year Government Bond Yield, 2%
6. United Kingdom 10-Year Government Bond Yield, 2.5%
7. Mexico 10-Year Government Bond Yield, 3.2%
8. Italy 10-Year Government Bond Yield, 2.4%
These are unexpected and remarkably low yields. They reflect the results of central bank policies and the results of growing fear of disinflation or even deflation.
http://www.ritholtz.com/blog/2014/08/deflation-fear/
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the ask walls @ 515 on both exchanges are not a sellers; they're blockers.
they must know something is coming in September which will force the price up. that's my sense.
i drew the same conclusion here...the way the walls move around and the way they're presented seems like they're meant to scare If the intent was to sell 1000+ Bitcoin you're not gonna put up a wall of 1050 coins, you would put up a bunch of little walls to hide your order as to not scare anyone into selling he probably controls both 1000 ask walls, one is stable, and the other keeps flittering in and out. scare tactic. |
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gold has to get back up over 1325 to become relevant again.
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stocks at a short term top
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i agree.
4 mo is a long time however. the bottom is most likely already in @ 340 in April.
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