Gold collapsing. Bitcoin UP.

[marcus_of_augustus]

Big money are on the way...

How Bitcoin is penetrating RIA portfolios by looking riskier to ignore than embrace

(The next "bubble" will be fun   )

They are more correctly waves than bubbles since they all have reverted to higher lows, so far.

Big money are here now, confirmed.

From first and second hand discussions with people employed with large financial institutions, including several megabanks, that have active research into bitcoin as an investment strategy or data analytics tool. Notably one with ~US 1.5 T (yes trillion) under private wealth management and a consortium of banks who are interested in establishing a BTC futures clearing platform (apparently legally easier than adopting/handling the BTC itself in their legal/accounting, go figure).

No BS, you heard it here first.

[kodtycoon]

Big money are on the way...

How Bitcoin is penetrating RIA portfolios by looking riskier to ignore than embrace

(The next "bubble" will be fun   )

They are more correctly waves than bubbles since they all have reverted to higher lows, so far.

Big money are here now, confirmed.

From first and second hand discussions with people employed with large financial institutions, including several megabanks, that have active research into bitcoin as an investment strategy or data analytics tool. Notably one with ~US 1.5 T (yes trillion) under private wealth management and a consortium of banks who are interested in establishing a BTC futures clearing platform (apparently legally easier than adopting/handling the BTC itself in their legal/accounting, go figure).

No BS, you heard it here first.

[klee]

Big money are on the way...

How Bitcoin is penetrating RIA portfolios by looking riskier to ignore than embrace

(The next "bubble" will be fun   )

RIA?

[wachtwoord]

Big money are on the way...

How Bitcoin is penetrating RIA portfolios by looking riskier to ignore than embrace

(The next "bubble" will be fun   )

RIA?

http://en.wikipedia.org/wiki/Registered_Investment_Advisor

[BigGameCAsino]

One question, if bitcoin is up in the bitcoin educated countries does that mean that Gold is down too in the third world countries?

[oda.krell]

Big money are on the way...

How Bitcoin is penetrating RIA portfolios by looking riskier to ignore than embrace

(The next "bubble" will be fun   )

They are more correctly waves than bubbles since they all have reverted to higher lows, so far.

Big money are here now, confirmed.

From first and second hand discussions with people employed with large financial institutions, including several megabanks, that have active research into bitcoin as an investment strategy or data analytics tool. Notably one with ~US 1.5 T (yes trillion) under private wealth management and a consortium of banks who are interested in establishing a BTC futures clearing platform (apparently legally easier than adopting/handling the BTC itself in their legal/accounting, go figure).

No BS, you heard it here first.

Forgot who introduced it (wachtwoord, maybe), but the term "growth spurts" is the most fitting expression imo, though "waves" is still a lot better than "bubbles".

[wachtwoord]

Big money are on the way...

How Bitcoin is penetrating RIA portfolios by looking riskier to ignore than embrace

(The next "bubble" will be fun   )

They are more correctly waves than bubbles since they all have reverted to higher lows, so far.

Big money are here now, confirmed.

From first and second hand discussions with people employed with large financial institutions, including several megabanks, that have active research into bitcoin as an investment strategy or data analytics tool. Notably one with ~US 1.5 T (yes trillion) under private wealth management and a consortium of banks who are interested in establishing a BTC futures clearing platform (apparently legally easier than adopting/handling the BTC itself in their legal/accounting, go figure).

No BS, you heard it here first.

Forgot who introduced it (wachtwoord, maybe), but the term "growth spurts" is the most fitting expression imo, though "waves" is still a lot better than "bubbles".

It was, see The fifth growth spurt from December 24, 2013

I wish people would adopt this terminology because "bubble" now is even used by the people that don't believe one of the peaks in the growth represents a large overvaluation (which is the meaning of the word bubble).

[cypherdoc]

Gold collapsing.  Bitcoin up:

[cypherdoc]

nice Coinapult:

[Wekkel]

The cheapest Android phone can sufficiently operate a Bitcoin wallet, as long as it has a camera. Apple Pay will be on the newest devices only and which third world bum has a credit card (compared to each first world bum  ).

[cypherdoc]

The cheapest Android phone can sufficiently operate a Bitcoin wallet, as long as it has a camera. Apple Pay will be on the newest devices only and which third world bum has a credit card (compared to each first world bum  ).

the best chance ApplePay has is in the US as it controls 40% of smartphones sold here.  but you're right, worldwide, Bitcoin + Android should still win.  and, as Apple continues to arguably lose US marketshare to Android, Bitcoin + Android should win here too long term as the fees involved with cc tx's hasn't changed.  in fact, in Oct 2015, liability for stolen cc's presented and accepted at merchant stores shifts to the merchant away from the banks and payment processors.

[cypherdoc]

“The state’s entire court system has been compromised,” says Matt Weidner, an outspoken foreclosure defense lawyer who practices in Tampa and St. Petersburg and blogs about the system. “They’re stripping away private property rights and transferring billions of dollars in assets from individuals to large entities.

What began as an effort by the Florida Legislature and judicial leaders to help the state’s economy by moving properties out of foreclosure and back into the market has turned into a Kafkaesque nightmare for people struggling to hang on to their homes.”

http://www.publicintegrity.org/2014/09/10/15463/homeowners-steamrolled-florida-courts-clear-foreclosure-backlog

[cypherdoc]

The Apple ecosystem is a closed system that does a tremendous job at retaining customers but leaves it vulnerable to the innovation of open source projects. This is a flaw that Google's Android has exploited brilliantly and profitably. In addition, Apple's plan to layer another fee on top of an already expensive payment network is an opportunity for digital currencies. Offering a product that is open source and virtually free is how Android became the top mobile operating system in the world. Digital currencies should borrow from Google's playbook in order to compete with Apple.

The open-source nature of digital currencies gives them a major competitive edge as the best technology can be immediately integrated without the need to navigate a corporate culture. This gives digital currencies a first mover advantage as consumers begin to embrace a digital payment network. Android was able to gain market share by offering apps that Apple had yet to approve and therefore opened itself to the early adoption of game changing tech.

http://www.cnbc.com/id/101988826#_gus

[cypherdoc]

https://twitter.com/cypherdoc2/status/509756882249326592

[cypherdoc]

one of Erdogan's criteria for deflation is decreasing commodity prices.  here you go. oil about to break major support:

[cypherdoc]

Yesterday, we looked at why bankers weren't busted for crimes committed during the financial crisis. Political corruption, prosecutorial malfeasance, rewritten legislation and cowardice on the part of government officials were among the many reasons.

But I saved the biggest reason so many financial felons escaped justice for today: They dumped the cost of their criminal activities on you, the shareholder (never mind the taxpayer).

http://www.bloombergview.com/articles/2014-09-10/the-biggest-lie-of-the-new-century

[oda.krell]

It was, see The fifth growth spurt from December 24, 2013

I wish people would adopt this terminology because "bubble" now is even used by the people that don't believe one of the peaks in the growth represents a large overvaluation (which is the meaning of the word bubble).

Precisely my point: If falllling or other trolls talk about bubbles, I don't really mind. But it became the de facto standard term even by long-term supporters of Bitcoin, which is odd in my opinion, and maybe it's my Asperger's gland^* acting up, but I don't like the abuse of the word 'bubble' that way.


^{* Yes, I know. Doesn't exist.}

[cypherdoc]

It was, see The fifth growth spurt from December 24, 2013

I wish people would adopt this terminology because "bubble" now is even used by the people that don't believe one of the peaks in the growth represents a large overvaluation (which is the meaning of the word bubble).

Precisely my point: If falllling or other trolls talk about bubbles, I don't really mind. But it became the de facto standard term even by long-term supporters of Bitcoin, which is odd in my opinion, and maybe it's my Asperger's gland^* acting up, but I don't like the abuse of the word 'bubble' that way.


^{* Yes, I know. Doesn't exist.}

i totally agree.  i've never called them bubbles.  simply ramps.

[tvbcof]

i totally agree.  i've never called them bubbles.  simply ramps.

I've always tried to refer to them as 'run-ups'.  I suspect that most of them since have been fairly carefully managed which would be quite possible in such an unusual market by my estimation.  I'm actually pinning my hopes on future manipulation by large players and insiders and have for some time.  That will be the most likely way to capitalize most effectively going forward.  Generally speaking, people in a position to play at this level have time and patience on their side.  I try to take a years-long perspective in my operations for this reason.  I consider massive manipulation and control to be a characteristic of a 'free market', and Bitcoin is probably the single most free market of any significance in recent memory.  In terms of size and importance it is right in a nice 'sweet spot' to make manipulations both practicable and highly lucrative.

[cypherdoc]

i totally agree.  i've never called them bubbles.  simply ramps.

I've always tried to refer to them as 'run-ups'.  I suspect that most of them since have been fairly carefully managed which would be quite possible in such an unusual market by my estimation.  I'm actually pinning my hopes on future manipulation by large players and insiders and have for some time.  That will be the most likely way to capitalize most effectively going forward.  Generally speaking, people in a position to play at this level have time and patience on their side.  I try to take a years-long perspective in my operations for this reason.  I consider massive manipulation and control to be a characteristic of a 'free market', and Bitcoin is probably the single most free market of any significance in recent memory.  In terms of size and importance it is right in a nice 'sweet spot' to make manipulations both practicable and highly lucrative.

i agree with this too.  the last couple of months trading have looked extremely suspicious to me both on Stamp and Finex.  it looks like a coordinated manipulation downwards of price.

they can't do this long term however as there are only so many coins to be bought and borrowed to short.  the solution to this is widespread, numerous international exchanges in geopolitically diverse jurisdictions to prevent naked shorting like China (we have that fortunately already), Russia (BTC-e?), Asia (Singapore/Thailand), and the US.  as with mining, we need exchange decentralization.