3221
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Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
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on: December 17, 2014, 04:01:40 AM
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"He said the surprise interest-rate increase in the middle of the night, a 6.5 percentage-point move that failed to stem the run on the ruble yesterday" This proves that central banks cannot control the value of a currency. Eventually the USD should have the same fate. they certainly do seem to be able to bully it around for certain time periods; often longer than we can imagine. but you're right, every once in a while they do lose control and things get ugly. i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis. it sure seems like it is poised to radically change the game. Those bully tactics won't work if the majority of their populace decide that a better alternative exists. The more and more central banks intervene, the more and more the fiat ledger gets distorted. Eventually you lose track of who owes who and it becomes nearly impossible to value assets, which seems to near where we are today. Of course this could be another head fake... or it could be the collapse we have all been looking for. yeah, this one looks highly suspicious to me. we never fixed anything in 2008, only made it worse with multiple QE's and more debt. Greek debt is imploding along with the already imploded Argentinian & Cyprus debt. the one that really makes this one suspicious is the currency failures we're seeing in Russia, Argentina, Venezuela, and Brazil. we're getting down to the basic units of finance that are failing. on top of that, the failure of gold and silver to hold up over the last few years continues and imo is leading everything down. i can't think of no better timing for a Black Swan like Bitcoin to have landed on the scene.
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3222
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Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
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on: December 17, 2014, 03:18:28 AM
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i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis.
Suspicious how? Satoshi's rhetoric (right down to the genesis block quote) was clearly directed right at the heart of the crisis. Whether that was really a motivation for the project or opportunistic marketing is unclear though. suspicious in the sense of "fate". or, as in, perfect timing.
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3223
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Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
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on: December 17, 2014, 03:12:23 AM
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"He said the surprise interest-rate increase in the middle of the night, a 6.5 percentage-point move that failed to stem the run on the ruble yesterday" This proves that central banks cannot control the value of a currency. Eventually the USD should have the same fate. they certainly do seem to be able to bully it around for certain time periods; often longer than we can imagine. but you're right, every once in a while they do lose control and things get ugly. i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis. it sure seems like it is poised to radically change the game.
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3229
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Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
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on: December 16, 2014, 10:05:45 PM
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right now, they're fleeing to USD out of habit and ignorance. Is there any actual fleeing into the USD going on right now, or are we seeing the debt repayment-induced deflation, that had been previously masked by QE? there's been several articles the past few days indicating fleeing.
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3230
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Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
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on: December 16, 2014, 09:30:05 PM
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who's the next Fed idiot to come out and whisper, "QE".
have to say this: QE is much better than this 80% lost bitscam scheme nah. your dollars are devaluing everyday. nah, not so much as your yearly 80% lost bitcorns i can tell you're a newb. most of us in this thread bought well before 2012. sorry dude.
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3233
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Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
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on: December 16, 2014, 09:21:09 PM
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who's the next Fed idiot to come out and whisper, "QE".
have to say this: QE is much better than this 80% lost bitscam scheme got in late did ya chump? the key thing here is that w/o question, fiat currencies worldwide are starting to fail. the Ruble, peso, real, etc. right now, they're fleeing to USD out of habit and ignorance. but with time and education, Bitcoin should skyrocket.
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3234
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Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
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on: December 16, 2014, 09:14:26 PM
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who's the next Fed idiot to come out and whisper, "QE".
have to say this: QE is much better than this 80% lost bitscam scheme nah. your dollars are devaluing everyday.
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3239
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Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
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on: December 16, 2014, 08:18:12 PM
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cypher, I just converted the Rubel price (on btc-e) to USD and found out it's nearly 10% lower than on the USD exchanges. What sort of arbitrage are you talking about? this arbitrage will not stand: the Ruble has been plunging. i wasn't thinking in terms of USD's altho you're right in terms of strict arbitrage opportunities maybe being limited as a result of the volatility and uncertainty of the Ruble. just the relative movements of the price charts, which usually move together, should create some opportunity over time. we'll see.
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