Gold collapsing. Bitcoin UP.

[smoothie]

Bitcoin UP, everything else DOWN.

Wrong: https://bitcoinwisdom.com/markets/btce/ltcbtc  and https://bitcoinwisdom.com/markets/btce/ltcusd  

Cypher you know better than to spread misinformation. Come on man. 

GO smoothie GO!!!

Looks like you quoted it for you to preview before posting it. Thanks for clarifying what "everything" is and isn't. How can one assume it doesn't include Alts when you appear to discuss them on a daily basis in this very thread? 

[Chalkbot]

Where does this chart come from?

[cypherdoc]

Bitcoin UP, everything else DOWN.

Wrong: https://bitcoinwisdom.com/markets/btce/ltcbtc  and https://bitcoinwisdom.com/markets/btce/ltcusd  

Cypher you know better than to spread misinformation. Come on man.  

GO smoothie GO!!!

Looks like you quoted it for you to preview before posting it. Thanks for clarifying what "everything" is and isn't. How can one assume it doesn't include Alts when you appear to discuss them on a daily basis in this very thread?  

first off, you know you added that last line after you originally posted it.  when i read it, that line wasn't there.  when i clicked to quote you, you must've just added it, and i posted my response w/o seeing your added line with it's implied annoyance.  very simple explanation.  otherwise, i would've addressed that annoyance straight off as opposed to later on down the thread.  

[cypherdoc]

Bitcoin UP, everything else DOWN.

Wrong: https://bitcoinwisdom.com/markets/btce/ltcbtc  and https://bitcoinwisdom.com/markets/btce/ltcusd  

Cypher you know better than to spread misinformation. Come on man. 

GO smoothie GO!!!

Looks like you quoted it for you to preview before posting it. Thanks for clarifying what "everything" is and isn't. How can one assume it doesn't include Alts when you appear to discuss them on a daily basis in this very thread? 

and as for "everything", i'd bet 10 USD that i used the term for just those assets as i defined them back when you were subbed to my letter.  there's no inconsistency.  i'll try to be clearer next time.

[Torque]

Amagi Metals to stop accepting dollars, only crypto!  That's friggin' bullish as hell!

https://www.amagimetals.com/info/no-dollars-after-2016/

[cypherdoc]

Amagi Metals to stop accepting dollars, only crypto!  That's friggin' bullish as hell!

https://www.amagimetals.com/info/no-dollars-after-2016/

holy crap.  that is amazing!

[molecular]

Dear Shorts,

it's only going to get worse when that little green line turns UP.

Sincerely,

cypherdoc

calculated at current price, that "little green line" is still 5 times higher than the red one.

[molecular]

Where does this chart come from?

http://www.bfxdata.com/combined/btc.php

[molecular]

Amagi Metals to stop accepting dollars, only crypto!  That's friggin' bullish as hell!

https://www.amagimetals.com/info/no-dollars-after-2016/

what... tha... fuck...!

Bitcoin now accounts for over 40% of the company’s customer payments.

wow.



this needs to spread!

EDIT: haha, just read about the ceos (Stephen Macaskill) bet with Schiff:

https://www.amagimetals.com/info/ceo-of-amagi-metals-makes-a-bet-with-peter-schiff/

Amagi’s CEO, Stephen Macaskill, approached Peter Schiff during the Q&A segment of the event and asked him to join in on a bet. Macaskill believes that Bitcoin will outpace gold in the next five years, in relation to how much gold Bitcoin can buy (ie: today 1 BTC buys about a 1/2 ozt. of gold…in 5 years it will buy much more). Schiff agreed to the bet that will cost the loser 1 Bitcoin*, assuring our CEO that the price of Bitcoin will eventually plummet. In the background a familiar voice called out to Schiff saying, “You might be making a risky bet Peter.” That voice was The Dollar Vigilante, himself, Jeff Berwick who continually speaks of the bright future of Bitcoin.

was probably posted here, but I skip stuff, sorry for repeat

[cypherdoc]

anyone care to summarize how big/important Amagi is in the pm space?  never dealt with them before...

[HeliKopterBen]

anyone care to summarize how big/important Amagi is in the pm space?  never dealt with them before...

https://bitcointalk.org/index.php?topic=130831.0

I have used them before.  Excellent service.

[cypherdoc]

anyone care to summarize how big/important Amagi is in the pm space?  never dealt with them before...

https://bitcointalk.org/index.php?topic=130831.0

I have used them before.  Excellent service.

thanks.

wow, a year and 9mo of Bitcoin acceptance experience.  they do understand Bitcoin then.  and it seems quite well.  it also must be treating them extremely well to make such a drastic switch away from USD and indirectly away from gold.  

if that's not a statement, i don't know what is.

edit:  btw, i love that logo

[Chalkbot]

Amagi Metals to stop accepting dollars, only crypto!  That's friggin' bullish as hell!

https://www.amagimetals.com/info/no-dollars-after-2016/

holy crap.  that is amazing!

I'm not sure I understand it. Don't people buy PMs primarily because they want to trade away a currency they perceive as being a poor store of value for the commodity with a proven record? If they believe bitcoin also has these properties, are they not just cutting themselves out of the equation, or are they planning on capitalizing on the fees they will inevitably charge to convert dollars to bitcoins before a user can make a purchase?

I'm all for the "Dollars not accepted here" movement, but not really from the people selling bitcoins and PMs.... That's where we want to dump our dollars.

[solex]

Amagi Metals to stop accepting dollars, only crypto!  That's friggin' bullish as hell!

https://www.amagimetals.com/info/no-dollars-after-2016/

holy crap.  that is amazing!

I'm not sure I understand it. Don't people buy PMs primarily because they want to trade away a currency they perceive as being a poor store of value for the commodity with a proven record? If they believe bitcoin also has these properties, are they not just cutting themselves out of the equation, or are they planning on capitalizing on the fees they will inevitably charge to convert dollars to bitcoins before a user can make a purchase?

I'm all for the "Dollars not accepted here" movement, but not really from the people selling bitcoins and PMs.... That's where we want to dump our dollars.

It does say "after 2106", which is a few years away. So in the meantime they get loads of free publicity from a bit of hot air. Let's check back in 2017 and see if Amagi are rejecting customers with dollars - I bet not!

[cypherdoc]

Amagi Metals to stop accepting dollars, only crypto!  That's friggin' bullish as hell!

https://www.amagimetals.com/info/no-dollars-after-2016/

holy crap.  that is amazing!

I'm not sure I understand it. Don't people buy PMs primarily because they want to trade away a currency they perceive as being a poor store of value for the commodity with a proven record? If they believe bitcoin also has these properties, are they not just cutting themselves out of the equation, or are they planning on capitalizing on the fees they will inevitably charge to convert dollars to bitcoins before a user can make a purchase?

I'm all for the "Dollars not accepted here" movement, but not really from the people selling bitcoins and PMs.... That's where we want to dump our dollars.

Amagi doesn't want your USD's, they want your BTC.  also, from the sounds of it, they like BTC better than gold.

[smoothie]

Bitcoin UP, everything else DOWN.

Wrong: https://bitcoinwisdom.com/markets/btce/ltcbtc  and https://bitcoinwisdom.com/markets/btce/ltcusd  

Cypher you know better than to spread misinformation. Come on man. 

GO smoothie GO!!!

Looks like you quoted it for you to preview before posting it. Thanks for clarifying what "everything" is and isn't. How can one assume it doesn't include Alts when you appear to discuss them on a daily basis in this very thread? 

and as for "everything", i'd bet 10 USD that i used the term for just those assets as i defined them back when you were subbed to my letter.  there's no inconsistency.  i'll try to be clearer next time.

I can honestly say that I do not remember you defining "everything" to mean only those assets/investments.

I appreciate your willingness to be more clear in the future.

[smoothie]

Amagi Metals to stop accepting dollars, only crypto!  That's friggin' bullish as hell!

https://www.amagimetals.com/info/no-dollars-after-2016/

Something tells me that we may not have to wait that long for that to happen. Currently I don't accept USD for any of my products either. Makes things much simpler for payment processing.

[STT]

Schiff agreed to the bet that will cost the loser 1 Bitcoin*, assuring our CEO that the price of Bitcoin will eventually plummet. In the background a familiar voice called out to Schiff saying, “You might be making a risky bet Peter.

Theres no doubt right away today thats a rubbish bet for Schiff.     If bitcoin fails and the amagi guy has to pay 3 dollars for a btc or less, then its hardly much of a penalty.  
If schiff loses and bitcoin is worth 100k then its going to sting a hell of a lot more

*edit* Stephen Macaskill will receive 1 BTC if he wins, and Peter Schiff will win 1/2 Ozt. of gold if he wins.

edit just spotted that, makes alot more sense

The only extra point is that gold is also likely to rise if bitcoin did go up that much but its not certain. So schiff holding gold is not going bankrupt but its very true that bitcoin could rise significantly more.   Just in terms of supply, gold is likely to be mined to a greater degree and as the price rises then its supply increases as it becomes worthwhile.
Thats not a bet, we know today that is for certain.  If gold rises I know there are thousands of mines just ready to open and start returning ounces and they arent bothering now as its expensive but the gold is there.  Various reasons, could be the mine is flooded and needs alot of pumps.  
  Switch to bitcoin and again its not a bet, we know the supply is fixed and the price cannot increase the amount in fact there are less BTC mined every year.    
So his bet is more like one made as if the protocol will be broken, is he a crypto specialist? nope


So its a crap bet and really schiff is being absolute and a bit reckless on a subject he is not learned on.   Who is his tech advisor, never heard him mention one.  He is great on fundamentals but when he says BTC must fail because its not backed by anything, is he forgetting dollar is increasingly just a cotton rag with a promise on it and we been using it for decades in that state.  Even if btc were to fail, it might take twenty years to play out and price will rise meantime for five years; very possible

[cypherdoc]

talk about ridiculous:

https://firstlook.org/theintercept/2014/08/20/u-s-military-bans-the-intercept/

[cypherdoc]

shorts in full flight and the green little line still hasn't even turned up yet: