Elwar
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www.varyon.io
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September 13, 2012, 05:52:09 PM |
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Good bye dollar, hello Bitcoin! http://www.federalreserve.gov/newsevents/press/monetary/20120913a.htm"Committee agreed today to increase policy accommodation by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month." "These actions, which together will increase the Committee’s holdings of longer-term securities by about $85 billion each month through the end of the year" |
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adamstgBit
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September 13, 2012, 05:54:58 PM |
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mortgage-backed securities at a pace of $40 billion per month so what does this mean they will lend out 40 Billion $ a month to who ever wants a mortgage? |
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Elwar
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www.varyon.io
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September 13, 2012, 05:59:18 PM |
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mortgage-backed securities at a pace of $40 billion per month so what does this mean they will lend out 40 Billion $ a month to who ever wants a mortgage? The Fed is printing out new dollars to loan to their friends at a cheap rate so that they can pass the cost on to you. |
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adamstgBit
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September 13, 2012, 06:00:12 PM |
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yesterday CAD was worth 2.5% more then USD today its 3.1%
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Elwar
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www.varyon.io
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September 13, 2012, 06:00:40 PM |
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Silver:  |
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Elwar
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www.varyon.io
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September 13, 2012, 06:01:59 PM |
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Gold:  |
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Technomage
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Affordable Physical Bitcoins - Denarium.com
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September 13, 2012, 06:11:08 PM |
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I doubt this affects Bitcoin as much as it affects precious metals but it will affect Bitcoin as well. The pressure to go up is increasing and we have the Bitcoin conference coming up as well. Block halving is getting closer... etc.
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Check out the special auction for the NEW Denarium 1/2 BTC 1/2 Oz Gold Coin from here! |
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knight22
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--------------->¿?
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September 13, 2012, 06:21:03 PM |
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I doubt this affects Bitcoin as much as it affects precious metals but it will affect Bitcoin as well. The pressure to go up is increasing and we have the Bitcoin conference coming up as well. Block halving is getting closer... etc.
Yep! plus the bitinstant prepaid card that is comming plus Gavin's announcement.... A lot of movements for bitcoin in the next few months. That's gonna be exciting! |
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Factory
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September 13, 2012, 06:41:04 PM |
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I doubt this affects Bitcoin as much as it affects precious metals but it will affect Bitcoin as well. The pressure to go up is increasing and we have the Bitcoin conference coming up as well. Block halving is getting closer... etc.
It will affect many things other than precious metals as well. Consider companies that are based in the U.S. but do the majority of their sales in foreign countries. Continual QE creates favorable exchange rates for companies like that when they repatriate their earnings. My most favorable pick in this regard is probably Philip Morris International (PM.) |
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Spekulatius
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September 13, 2012, 06:50:41 PM |
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1. As in the past those announcements lacked to have an immediate effect on USD/BTC price.
2. The effect will nevertheless be felt when USD inflates in comparison to other currencies like EUR, GBP etc. due to arbitrageurs that help decouple BTC price from USD price IMO. Maybe I got number 2 wrong here. PLs correct me if thats the case.
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FreeMoney
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Activity: 1246
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Strength in numbers
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September 13, 2012, 06:56:40 PM |
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I doubt this affects Bitcoin as much as it affects precious metals but it will affect Bitcoin as well. The pressure to go up is increasing and we have the Bitcoin conference coming up as well. Block halving is getting closer... etc.
There are more dollars now, all else equal it has to boost the price some (maybe tiny). But Bitcoin is a better money because of stuff like QEx, but most people participating in the bitcoin market (at least the segment demanding coins) know this so no immediate effect imo. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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Chalkbot
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September 13, 2012, 07:09:57 PM |
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Chodpaba,
Can you explain the correlation? I'm missing it.
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sadpandatech
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September 13, 2012, 07:17:51 PM |
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Chodpaba,
Can you explain the correlation? I'm missing it.
And Samson said, With the jawbone of an ass, heaps upon heaps, with the jaw of an ass have I slain a thousand men. |
If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
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FreeMoney
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Activity: 1246
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Strength in numbers
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September 13, 2012, 07:20:48 PM |
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Chodpaba,
Can you explain the correlation? I'm missing it.
Then Samson said, "With a donkey's jawbone I have made donkeys of them. With a donkey's jawbone I have killed a thousand men." Sounds like a bad ass. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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Spekulatius
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September 13, 2012, 07:22:46 PM |
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Domrada
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September 13, 2012, 07:43:23 PM |
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It's official. QE3 is here. Here, Fed chairman Ben Bernanke describes vividly the personal biological pre-conditions that motivated this latest round of purchasing.  |
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silverbox
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September 13, 2012, 07:45:12 PM |
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Silver: You called?>? |
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adamstgBit
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Activity: 1904
Merit: 1001
Trusted Bitcoiner
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September 13, 2012, 07:46:24 PM |
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It's official. QE3 is here. Here, Fed chairman Ben Bernanke describes vividly the personal biological pre-conditions that motivated this latest round of bond purchasing. blood shot eyes, are you implying that he's high? |
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HDSolar
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September 13, 2012, 07:47:44 PM |
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1. As in the past those announcements lacked to have an immediate effect on USD/BTC price.
2. The effect will nevertheless be felt when USD inflates in comparison to other currencies like EUR, GBP etc. due to arbitrageurs that help decouple BTC price from USD price IMO. Maybe I got number 2 wrong here. PLs correct me if thats the case.
+1 It is in the future as the dollar becomes weaker..... |
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sippsnapp
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September 13, 2012, 08:47:58 PM |
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What a dog on day (Week) for traders. Got almost toasted as my broker disconnected me 2 times while the FOMC meeting for almost a minute. blood shot eyes, are you implying that he's high?
Maybe drunk  |
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Bitcoin + Altcoin node pool setup - pm
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