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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1941540 times)
thefunkybits
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August 28, 2014, 01:19:41 AM
 #11261

ghash 20%, Discus 24%

i thought ghash was supposed to take over and trash the entire network?:

yes just like BTC Guild and ASICminer before them.

Wow and I can't even come up with the 50% contender before that. They had a huge fee but were immensely popular up to the end of 2012 (and maybe a little longer). Help me remember?

Also: Who the hell is Discus?  Cheesy

Was it Deepbit youre thinking of? I remember them having ridiculous fees

I've heard Discus Fish is a friedcat project he built from ASICMINER cash.
Still a rumor at this point but if anyone has more info please pm me.
It would make sense considering how dismal AM has been performing lately


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August 28, 2014, 01:34:29 AM
 #11262

ghash 20%, Discus 24%

i thought ghash was supposed to take over and trash the entire network?:

yes just like BTC Guild and ASICminer before them.

Wow and I can't even come up with the 50% contender before that. They had a huge fee but were immensely popular up to the end of 2012 (and maybe a little longer). Help me remember?

Also: Who the hell is Discus?  Cheesy

Was it Deepbit youre thinking of? I remember them having ridiculous fees

I've heard Discus Fish is a friedcat project he built from ASICMINER cash.
Still a rumor at this point but if anyone has more info please pm me.
It would make sense considering how dismal AM has been performing lately


Yes I meant Deepbit thank you Smiley
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August 28, 2014, 02:46:49 AM
 #11263

it's bullish that price is sticking so close to the ask walls.  it doesn't appear that buyers are backing down. also, why aren't the ask walls wiping out bids on the buy side?  manipulation to prevent/stop a rise in the price?  sit tight; maybe a bull whale will come along and wipe out those ask walls.
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August 28, 2014, 03:49:05 AM
 #11264

it's bullish that price is sticking so close to the ask walls.  it doesn't appear that buyers are backing down. also, why aren't the ask walls wiping out bids on the buy side?  manipulation to prevent/stop a rise in the price?  sit tight; maybe a bull whale will come along and wipe out those ask walls.


Feels more and more like 2012. Lots of solid infrastructure building and adoption of various sorts. But still a little hung-over from prior boom/crash. Seeking the next wave/class/type of bitcoin user.

A robust, liquid, trustworthy futures market for fiat/btc would be nice... Could underpin the next wave of user-type adoption (ie, driven by international commerce, or merchants/supplier relationships, etc). Businesses need to be able to *use* bitcoin while hedging the purchasing-power volatility risk.

Or more gold bugs could just come around.

Or a pittance of the world's "off-shored" cash could move to bitcoin.

Or more bank account seizures, etc...

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
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August 28, 2014, 04:41:55 AM
 #11265

still higher lows on the 1h.  pretty much up against the walls.  buyers still not backing down.
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August 28, 2014, 05:29:05 AM
 #11266

Quote
Or a pittance of the world's "off-shored" cash could move to bitcoin.

This.

I think a great little business right now would be a chain of small,  professional bitcoin brokerage offices located in those known jurisdictions of large offshore holdings. Cayman's, Seychelles, Panama, Switzerland, St. Kitts and Nevis, Hong Kong, Singapore, etc.  All linked up to a buying pool, maybe with franchisee model and with smart, helpful, staff to service the noob, high net-worth bit-curious.

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August 28, 2014, 06:04:54 AM
 #11267

all this jockeying back and forth putting up and then pulling down those walls are only meant to block a price rise.  if the seller were truly interested in selling, he'd be hitting bids and driving down the price.  that's not happening.  it's a blocking technique.
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LEALANA Monero Physical Silver Coins


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August 28, 2014, 06:24:23 AM
 #11268


The funny thing about this is I was seeing Youtube videos around October or November of last year saying this about Litecoin.

Litecoin price at beginning of 2013 was $0.06

$100 / $0.06 (per ltc) = 1666.67 LTC


Litecoin price at end of 2013 was $23.50


$23.50 * 1666.67 = $39,166   Shocked



Even at today's prices ($5.30/LTC) you would have $8,833.

Still well above that $5000 mark.  Wink
 
Edit: My mistake...it was closer to $0.07 per LTC on Jan 1st, 2013...but if you do the math it is still a monster of a trade.

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LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
marcus_of_augustus
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August 28, 2014, 06:52:30 AM
 #11269

http://www.zerohedge.com/news/2014-08-27/chris-hedges-our-liberty-has-been-sacrificed-altar-national-security

Corporate totalitarianism with a constitutional democratic facade ... bout sums it up.

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August 28, 2014, 09:03:54 AM
 #11270

Quote
Or a pittance of the world's "off-shored" cash could move to bitcoin.

This.

I think a great little business right now would be a chain of small,  professional bitcoin brokerage offices located in those known jurisdictions of large offshore holdings. Cayman's, Seychelles, Panama, Switzerland, St. Kitts and Nevis, Hong Kong, Singapore, etc.  All linked up to a buying pool, maybe with franchisee model and with smart, helpful, staff to service the noob, high net-worth bit-curious.

I had the same idea earlier today driving through west lake in Hangzhou. I have never seen such a concentration of high end car dealers from aston martins to bentleys, and I'm pretty sure this is one of china's richest cities. There are one percenters in most countries who could be potential clients. 
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August 28, 2014, 11:20:02 AM
 #11271

About Japans current state, Greece was bad but this is a few steps up

https://www.youtube.com/watch?v=3fzA1j7c320
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August 28, 2014, 03:32:11 PM
 #11272

the ask walls @ 515 on both exchanges are not a sellers; they're blockers.

they must know something is coming in September which will force the price up.  that's my sense.
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August 28, 2014, 03:43:56 PM
 #11273

stocks at a short term top
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August 28, 2014, 03:56:07 PM
 #11274

gold has to get back up over 1325 to become relevant again.
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August 28, 2014, 04:06:58 PM
 #11275

nom, nom, nom
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August 28, 2014, 04:20:17 PM
 #11276

the ask walls @ 515 on both exchanges are not a sellers; they're blockers.

they must know something is coming in September which will force the price up.  that's my sense.

i drew the same conclusion here...the way the walls move around and the way they're presented seems like they're meant to scare

If the intent was to sell 1000+ Bitcoin you're not gonna put up a wall of 1050 coins, you would put up a bunch of little walls to hide your order as to not scare anyone into selling



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August 28, 2014, 04:24:19 PM
 #11277

the ask walls @ 515 on both exchanges are not a sellers; they're blockers.

they must know something is coming in September which will force the price up.  that's my sense.

i drew the same conclusion here...the way the walls move around and the way they're presented seems like they're meant to scare

If the intent was to sell 1000+ Bitcoin you're not gonna put up a wall of 1050 coins, you would put up a bunch of little walls to hide your order as to not scare anyone into selling



he probably controls both 1000 ask walls, one is stable, and the other keeps flittering in and out.  scare tactic.
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August 28, 2014, 04:25:24 PM
 #11278

the ask walls @ 515 on both exchanges are not a sellers; they're blockers.

they must know something is coming in September which will force the price up.  that's my sense.

i drew the same conclusion here...the way the walls move around and the way they're presented seems like they're meant to scare

If the intent was to sell 1000+ Bitcoin you're not gonna put up a wall of 1050 coins, you would put up a bunch of little walls to hide your order as to not scare anyone into selling



+1

Maybe the block is for GABI's launch. After that, bitcoin is free to rise.

▂▃▅▇█▓▒░BTC-Cultist░▒▓█▇▅▃▂
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August 28, 2014, 04:29:43 PM
 #11279

A worldwide deflation fear is expanding and may actually be rampant. BCA Daily Insights (August 25, 2014) notes that, “out of 32 OEC countries, more than two-thirds have domestic inflation rates that fall short of 1%.” BCA analysts go on to argue that the worldwide inflation rate may converge to zero over the next couple of years.

Debt markets currently reflect this fear. Here are examples of yields on the benchmark 10-year interest rate for sovereign debt. This is not about credit risk. This is about the risk that the global price-level change will approach or reach zero.

    1.      United States 10-Year Treasury Yield, 2.4%
    2.      Germany 10-Yield Bund Yield, under 1%
    3.      Japanese 10-Year JGB Yield, under 0.5%
    4.      France 10-Year Government Bond Yield, 1.3%
    5.      Canada 10-Year Government Bond Yield, 2%
    6.      United Kingdom 10-Year Government Bond Yield, 2.5%
    7.      Mexico 10-Year Government Bond Yield, 3.2%
    8.      Italy 10-Year Government Bond Yield, 2.4%

These are unexpected and remarkably low yields.  They reflect the results of central bank policies and the results of growing fear of disinflation or even deflation.

http://www.ritholtz.com/blog/2014/08/deflation-fear/
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August 28, 2014, 05:04:48 PM
 #11280

The drawbacks of America’s civil tort system are well known. What is new is the way that regulators and prosecutors are in effect conducting closed-door trials. For all the talk of public-spiritedness, the agencies that pocket the fines have become profit centres: Rhode Island’s bureaucrats have been on a spending spree courtesy of a $500m payout by Google, while New York’s governor and attorney-general have squabbled over a $613m settlement from JPMorgan. And their power far exceeds that of trial lawyers. Not only are regulators in effect judge and jury as well as plaintiff in the cases they bring; they can also use the threat of the criminal law.

Perhaps the most destructive part of it all is the secrecy and opacity. The public never finds out the full facts of the case, nor discovers which specific people—with souls and bodies—were to blame. Since the cases never go to court, precedent is not established, so it is unclear what exactly is illegal. That enables future shakedowns, but hurts the rule of law and imposes enormous costs. Nor is it clear how the regulatory booty is being carved up. Andrew Cuomo, the governor of New York, who is up for re-election, reportedly intervened to increase the state coffers’ share of BNP’s settlement by $1 billion, threatening to wield his powers to withdraw the French bank’s licence to operate on Wall Street. Why a state government should get any share at all of a French firm’s fine for defying the federal government’s foreign policy is not clear.

think Ben Lawsky

http://www.economist.com/news/leaders/21614138-companies-must-be-punished-when-they-do-wrong-legal-system-has-become-extortion
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