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painlord2k (OP)
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April 07, 2014, 09:07:22 AM |
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When you think there are no good news for Bitcoin or all price signals are negative, then a ray of Sunlight come to shine: http://intermarketandmore.finanza.com/draghi-prepara-il-bazooka-ecco-il-progetto-eqe-euro-quantitative-easing-62298.htmlFor not italian or german speaking people: Mario Draghi, ECB Chairman (equivalent to the Federal reserve Chairman for the Euro zone) is preparing his 1000 billions € QE (80 billions €/month). Bigger than Bernanke's QE3. They are just playing bad cop/good cop exchanging the parts as they feel expedient. Thias will bode well, very well, for Bitcoin (and other assorted cryptocurrencies), gold, silver. |
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"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
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Carlton Banks
Legendary
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Activity: 3430
Merit: 3071
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April 07, 2014, 09:20:45 AM |
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Will also get the "currency wars" fully into action. Japan, US and China will eventually be forced to increase their own supply inflation to offset ECB printing.
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Vires in numeris
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Biontic
Full Member
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Activity: 121
Merit: 100
HodL tight, it's gonna get wild
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April 07, 2014, 09:52:35 AM |
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For those unsure about what this 'Quantitative easing' is all about - its wonderfully explained here. https://www.youtube.com/watch?v=PTUY16CkS-k |
"The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself.
Therefore all progress depends on the unreasonable man." ~George Bernard Shaw
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S4VV4S
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April 07, 2014, 10:35:32 AM |
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johnytelevision
Newbie
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Activity: 52
Merit: 0
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April 07, 2014, 12:05:44 PM |
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Every day there are some good and bad bitcoin related news in the world. It just depend who you want to listen to.
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thaaanos
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April 07, 2014, 12:38:37 PM |
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too late if you ask me... The trust in the Eurozone is already broken, and Nazi parties rise across Europe.
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painlord2k (OP)
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April 07, 2014, 05:47:23 PM |
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too late if you ask me... The trust in the Eurozone is already broken, and Nazi parties rise across Europe.
They rise as opposed to what? International Socialist in the government and bureaucracies and national socialists in the street. It is not too late to cause hyperinflation and allow the national socialists to get the government and allow the bureaucrats change shirt from red/pink to black/brown. Practically, Bernanke and Jellen are reducing the QE and the ECB is taking the slack. Jellen reduce the QE to 60 billions/month and Draghi put out 80 billions €/month QE (equivalent to 105 billions US$/month) Call it tapering, if you want. |
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thaaanos
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April 07, 2014, 06:02:14 PM |
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too late if you ask me... The trust in the Eurozone is already broken, and Nazi parties rise across Europe.
They rise as opposed to what? International Socialist in the government and bureaucracies and national socialists in the street. It is not too late to cause hyperinflation and allow the national socialists to get the government and allow the bureaucrats change shirt from red/pink to black/brown. Practically, Bernanke and Jellen are reducing the QE and the ECB is taking the slack. Jellen reduce the QE to 60 billions/month and Draghi put out 80 billions €/month QE (equivalent to 105 billions US$/month) Call it tapering, if you want. Actually there are no longer socialists in Europe, either they have transformed into right wing, or they are out of power. Right now the right wing policies dictate Europes future. If it wasn't for their precious sytemic banking network about to implode they wouldn't twitch a musle. |
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miketonic
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April 07, 2014, 06:04:55 PM |
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Everyone is printing money.. How long people will trust this system?  |
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thaaanos
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April 07, 2014, 06:26:21 PM |
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As long as they never stop printing money  If bitcoin has 8 decimal places why shouldn't a 1.000.000 $ bill circulate? |
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pening
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April 07, 2014, 10:15:35 PM |
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Amusing until it starting listing out gas and stock market prices increasing in the same context, which shows the author just has no idea. To the OP, if Bitcoin relies on poor performance of other currencies, its in a poor state. |
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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April 07, 2014, 11:14:23 PM |
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To the OP, if Bitcoin relies on poor performance of other currencies, its in a poor state.
However, that fact that BTC is a hedge against over-exposure to national fiat does not in any way reflect negatively upon BTC. |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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Ibian
Legendary
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Activity: 2268
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April 08, 2014, 01:05:05 AM |
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Sorry but anything with those awful synthetic voices does not fall under "wonderful". |
Look inside yourself, and you will see that you are the bubble.
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EasySam
Newbie
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Activity: 37
Merit: 0
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April 09, 2014, 11:24:23 AM |
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It is not ray of sunshine. Recently everyone is just overreacting to everything. It will stabilize after awhile.
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thaaanos
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April 09, 2014, 01:05:57 PM |
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The ECB is prevented from buying sovereign debt, and the German central bank isn't going to allow them to violate that law.
It's about re-capitalizing the German Banks. They still have huge hidden 2008 holes in their subsidiary smaller bank budgets. |
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AnonyMint
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April 09, 2014, 02:48:41 PM |
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The ECB is prevented from buying sovereign debt, and the German central bank isn't going to allow them to violate that law.
It's about re-capitalizing the German Banks. They still have huge hidden 2008 holes in their subsidiary smaller bank budgets. Unless the capital moves through the economy as money (i.e. money velocity V in the M x V ≈ GDP), then it is still deflationary. Won't this just sit on balance sheets or head over to the USA to speculate on the dollar and NYSE. |
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