Bitcoin Forum
December 10, 2016, 03:30:07 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

Pages: « 1 ... 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 [592] 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 ... 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1807452 times)
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 10, 2014, 04:15:25 PM
 #11821

nice Coinapult:

1481340607
Hero Member
*
Offline Offline

Posts: 1481340607

View Profile Personal Message (Offline)

Ignore
1481340607
Reply with quote  #2

1481340607
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481340607
Hero Member
*
Offline Offline

Posts: 1481340607

View Profile Personal Message (Offline)

Ignore
1481340607
Reply with quote  #2

1481340607
Report to moderator
Wekkel
Legendary
*
Offline Offline

Activity: 1386



View Profile
September 10, 2014, 04:31:11 PM
 #11822

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  Cool ).

Like this post? you can tip me (BTC) 1LGi2DMhectdFSkBid5srrnHk8WHgD3V1d or very WoW (Doge) D9p6FZQb1sKkq9hApy4tnjSduYfdnc74bb
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 10, 2014, 05:19:23 PM
 #11823

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  Cool ).

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
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 10, 2014, 05:23:03 PM
 #11824

“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
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 10, 2014, 05:28:20 PM
 #11825

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
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 10, 2014, 05:35:37 PM
 #11826

https://twitter.com/cypherdoc2/status/509756882249326592
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 10, 2014, 06:03:00 PM
 #11827

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

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 10, 2014, 06:22:41 PM
 #11828

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
Legendary
*
Offline Offline

Activity: 1232



View Profile
September 10, 2014, 06:30:48 PM
 #11829

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

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.

Not sure which Bitcoin wallet to use? I can highly recommend Electrum.
Electrum is an open-source lightweight client: user friendly, extremely fast, and one of the safest ways to store and use your bitcoins.
Executables are available on the Electrum homepage, so you can get a Bitcoin wallet up and running on your own computer in a few minutes.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 10, 2014, 06:50:37 PM
 #11830

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

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
Legendary
*
Online Online

Activity: 1988


View Profile
September 10, 2014, 07:03:01 PM
 #11831


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
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 10, 2014, 07:17:34 PM
 #11832


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.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 10, 2014, 07:25:48 PM
 #11833

Krugman is now hedging:

Do you think Bitcoin will gain momentum and become a viable currency?

No. I could be wrong, but Bitcoin is harder to use than other forms of electronic payment, and lacks any fundamental source of value (unlike dollars, which can be used to pay taxes). It’s possible that Bitcoin will somehow become self-supporting, but for now my guess is that it’s largely a fad that will collapse one of these days.


http://www.princetonmagazine.com/paul-krugman/
Erdogan
Hero Member
*****
Offline Offline

Activity: 714



View Profile
September 10, 2014, 07:39:55 PM
 #11834

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



About early signs of a deflation:

"The first proposition is that the prices of gold and other raw commodities are
extremely sensitive to changes in monetary conditions and are therefore good predic-
tors of future movements of general consumer goods’ prices, which tend to respond
much more slowly to such changes. As Bruce Bartlett (2001) wrote, “When one sees
a sustained fall in sensitive commodity prices—those that lead changes in the general
price level—one can predict that eventually this trend will work its way through the
economy as a whole.”
"

Deflation is generally benign, except a form called "confiscatory deflation";

"There does exist an emphatically malign form of deflation that is coer-
cively imposed by governments and their central banks and that violates property
rights, distorts monetary calculation and undermines monetary exchange. It may
even catapult an economy back to a primitive state of barter if applied long and relent-
lessly enough. This form of deflation involves an outright confiscation of people’s
cash balances by the political and bureaucratic elites.
"

These are excempts from an article on deflation by Salorno, who is an excellent writer. The article:

AN AUSTRIAN TAXONOMY OF DEFLATION—WITH
APPLICATIONS TO THE U.S.
JOSEPH T. SALERNO
THE QUARTERLY JOURNAL OF AUSTRIAN ECONOMICS

In the article a recent episode in Argentina is described, historically interessant, you can even hear about real barter with grain (cars for grain), and the resulting hoarding of grain as money, envisioned by Adam Smith (near the end of the article).

https://mises.org/journals/qjae/pdf/qjae6_4_8.pdf



cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 10, 2014, 07:56:18 PM
 #11835

5 yr weekly commodity charts:

DBA-food



Wheat futures:



Corn futures:



Soybean futures:



FCX-Copper proxy-world's largest copper mine:



BHP-one of the world's largest mines:

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 10, 2014, 08:03:56 PM
 #11836

here's the actual 5 yr copper price:

Erdogan
Hero Member
*****
Offline Offline

Activity: 714



View Profile
September 10, 2014, 08:04:11 PM
 #11837

Can you find iron ore?
Melbustus
Legendary
*
Offline Offline

Activity: 1554



View Profile
September 10, 2014, 08:06:42 PM
 #11838

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  Cool ).

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.


I don't like viewing bitcoin as primarily a payments-tech product. I feel the conversation has shifted largely to how bitcoin excels at executing online payments, which is true, and which I've myself pointed out to skeptics for a long time. The reality, though, is that the core proposition is control of your own money, an open ecosystem, and a mathematically known money supply (as we all appreciate). It just so happens that bitcoin is currently superior to virtually all payment networks as well, but that probably won't be the case forever. Legacy payments will probably get much better (more secure, faster, cheaper) over time, and then it should be clear that bitcoin's real distinction lies in the monetary characteristics. Perhaps ApplePay will re-shift the conversation.


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
Melbustus
Legendary
*
Offline Offline

Activity: 1554



View Profile
September 10, 2014, 08:09:03 PM
 #11839

Krugman is now hedging:

Do you think Bitcoin will gain momentum and become a viable currency?

No. I could be wrong, but Bitcoin is harder to use than other forms of electronic payment, and lacks any fundamental source of value (unlike dollars, which can be used to pay taxes). It’s possible that Bitcoin will somehow become self-supporting, but for now my guess is that it’s largely a fad that will collapse one of these days.


http://www.princetonmagazine.com/paul-krugman/


Heh... Funny how bitcoin has put the likes of Peter Schiff and Paul Krugman into the same gotta-hedge-my-statements corner.

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
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 10, 2014, 08:09:33 PM
 #11840

Can you find iron ore?


yes, and it's the worst of all.  new 5 yr low.

http://www.theaustralian.com.au/business/latest/iron-ore-price-at-new-five-year-low/story-e6frg90f-1227053318529:

Pages: « 1 ... 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 [592] 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 ... 1560 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!