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3541  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 03:37:20 PM
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:



"Should" is the scary word here  Cheesy

no kidding  Wink

its during times like these that reading technical articles about the math behind Bitcoin restores confidence in what we're dealing with.  read Graf's article i posted above.

also, ignore idiots like Severro.  notice how those punks never enter this thread except for the one time fallling dared to post?  they don't dare to hang out in threads where there is actual intelligent ppl and discussion going on.  plus, i'd rip him to shreds.  he never talks about anything technical b/c i'm sure he doesn't understand what Bitcoin is or what it represents.  he just a hired troll used to scare the weak minded.
3542  Economy / Speculation / Re: Bitcoin's worst year on: September 19, 2014, 03:24:53 PM
God almighty, this place is exactly like it was in 2010.

some things just keep cycling.
3543  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 03:20:00 PM
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:

3544  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 03:14:26 PM
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:

3545  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 03:08:15 PM
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!:

3546  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 03:04:55 PM
miners still look like crap:

GDX:



GDXJ:

3547  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 03:01:14 PM
gold sliding down the mountain.  soon to go over the cliff following silver:

3548  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 02:59:38 PM
ugly, just ugly:

3549  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 02:58:29 PM
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.
3550  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 02:56:43 PM
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.
3551  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 02:12:35 PM
Konrad Graf's latest:

http://konradsgraf.squarespace.com/blog1/2014/9/19/bitcoin-magic-fraud-or-sufficiently-advanced-technology.html
3552  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 05:28:01 AM
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.
3553  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 05:18:59 AM

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.
3554  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 01:40:24 AM


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?
3555  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 01:37:57 AM
Gold tanking collapsing again:

3556  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 01:22:56 AM
Congratulations goes to Trader Steve and the new Bitcoin ATM in San Diego at Johnny Brown's:

First Bitcoin ATM machine comes to San Diego

http://www.kusi.com/story/26572142/first-bitcoin-atm-machine-comes-to-san-diego

please support these guys anytime you're in San Diego!
3557  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 12:36:30 AM
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
3558  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 12:11:02 AM
Patterns are imaginary. The trick is to understand how imagination works.

true, but my imagination on gold has worked so far. Cheesy
3559  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 19, 2014, 12:02:16 AM
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-tomorrow



thanks 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.
3560  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 18, 2014, 11:46:49 PM
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-tomorrow



thanks for the interesting article.
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