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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032123 times)
cypherdoc (OP)
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September 24, 2014, 02:01:57 PM
 #12641

Do you see how simple it all is? We are all Japanese:

http://mikenormaneconomics.blogspot.de/2014/09/joesph-stiglitz-us-will-always-pay-its.html
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September 24, 2014, 03:42:05 PM
 #12642


Economics:  Where nobel prize winners introduce concepts obvious to your average 5 year old.
cypherdoc (OP)
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September 24, 2014, 03:56:50 PM
 #12643

i just lol'd:

http://www.reddit.com/r/Bitcoin/comments/2hbrel/swiss_secret_services_has_a_project_to_use/
cypherdoc (OP)
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September 24, 2014, 04:26:11 PM
 #12644

you see?  the US continues to spend its money very well. glad to hear the MIC is doing well:

http://www.thedailybeast.com/articles/2014/09/24/first-u-s-stealth-jet-attack-on-syria-cost-79-million.html
cypherdoc (OP)
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September 24, 2014, 05:14:25 PM
 #12645

https://twitter.com/JamesGRickards/status/514805563570786304
cypherdoc (OP)
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September 24, 2014, 05:18:16 PM
 #12646

get ready:

http://finance.yahoo.com/news/bitcoin-technicals-suggest-it-may-be-ready-to-break-out--josh-brown-112600252.html
arxwn
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September 24, 2014, 05:28:02 PM
 #12647

Chartist voodoo ?
cypherdoc (OP)
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September 24, 2014, 05:35:55 PM
 #12648

can't touch this:

"The plan is to pilot for a couple of months, and then regularly broadcast by November. Lehtonen commented on the schedule of the pilot mode, “My guess is that the system will be sending production-ready stream later this month, so we’ll have then about a month left to play with the applications.”

https://www.cryptocoinsnews.com/kryptoradio-successfully-broadcasts-bitcoin-over-finnish-television-network/
cypherdoc (OP)
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September 24, 2014, 05:36:29 PM
 #12649


simply sentiment change.  it cycles as well.
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September 24, 2014, 05:44:38 PM
 #12650


im feeling it too. bear sentiment is fading. christmas is coming. Cheesy
_mr_e
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September 24, 2014, 05:59:33 PM
 #12651


The 200 level looks like just as much of a take off as the 400 level. What are they basing that on.

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September 24, 2014, 06:05:53 PM
 #12652

Quote
now what?

Gradual rise to test the ATH @$1.1k-1.2k by the end of 2015.
rocks
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September 24, 2014, 06:06:30 PM
 #12653


It's all voodoo, but if enough people buy into it then it becomes a self fulfilling prophecy.

I remember in mid May lots of chartists made arguments that a bunch of things had just come together to stop the downward trend, bunches of lines were all coming together for the first time in months (I'm not an astrologer so it's above my understanding). Then boom on May 20th we had the run to $600 right as all these lines hit.

Self fulfilling prophecy, but I've learned to listen to a few of them for impact on longer multi-month cycles.

Quote
now what?

Gradual rise to test the ATH @$1.1k-1.2k by the end of 2015.

I think the one thing we can say for sure is whatever happens, it won't be "gradual" through end of 2015. Bitcoin is always stable, until it isn't.
molecular
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September 24, 2014, 06:20:58 PM
 #12654


Quote
The advantages: "No couriers, no international bank transaction, solid contract and payment environment, camouflage and <plausible deniability>, (...), limited cost."

they get it

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molecular
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September 24, 2014, 06:28:20 PM
 #12655


what bullshit! He bases his call on the fact that $400 was the point at which the rally in November '13 had started. He said this twice. It didn't start at $400, but at $120.

He also says $400 has acted as support in the past, which is mainly true, but in and of itself no reason for a rally at this point.

In retrospect maybe he got a tip about paypal and made something up Wink


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Melbustus
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September 24, 2014, 06:43:01 PM
 #12656


what bullshit! He bases his call on the fact that $400 was the point at which the rally in November '13 had started. He said this twice. It didn't start at $400, but at $120.

He also says $400 has acted as support in the past, which is mainly true, but in and of itself no reason for a rally at this point.

In retrospect maybe he got a tip about paypal and made something up Wink




Also, he spends the first couple paragraphs trying to state that there's no "fundamental" way to value bitcoin:

Quote
...
With Bitcoin, none of these things apply. There’s no need for them nor is there any established supply / demand pattern given the novelty and newness of the thing. As such, there are only technicals
...

That's just false. Sure, you can't look at it like an equity or a bond, but *everything* is subject to demand, and you can analyze the underlying sources demand. For bitcoin, you just have to look at domains in which its technical properties are more efficient than many existing options: international payments, online payments, confiscation-resistant value store, inflation-proof value store, etc. Due the newness of bitcoin, that analysis will necessarily be far fuzzier than for more established assets, but the wide error-bars do not make the analysis worthless or impossible by any stretch.



Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
cypherdoc (OP)
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September 24, 2014, 06:56:28 PM
 #12657

the black holes extend to the stock mkts:

http://www.zerohedge.com/news/2014-09-24/bank-japan-buys-record-amount-equities-august
Zarathustra
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September 24, 2014, 07:09:25 PM
 #12658


It's all voodoo, but if enough people buy into it then it becomes a self fulfilling prophecy.

I remember in mid May lots of chartists made arguments that a bunch of things had just come together to stop the downward trend, bunches of lines were all coming together for the first time in months (I'm not an astrologer so it's above my understanding). Then boom on May 20th we had the run to $600 right as all these lines hit.

Self fulfilling prophecy, but I've learned to listen to a few of them for impact on longer multi-month cycles.

No, it's neither voodoo nor self fulfilling prophecy. It's the social mood and its patterns.

https://www.youtube.com/watch?v=ugfRmFNmR28

The supertheory of supereverything:

http://www.socialmood.net/
https://www.youtube.com/watch?v=dPDFkQbNbwk
mmortal03
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September 24, 2014, 07:10:26 PM
 #12659


what bullshit! He bases his call on the fact that $400 was the point at which the rally in November '13 had started. He said this twice. It didn't start at $400, but at $120.

He also says $400 has acted as support in the past, which is mainly true, but in and of itself no reason for a rally at this point.

In retrospect maybe he got a tip about paypal and made something up Wink



God we are a bunch of assholes we are even picking apart the good media.

I support people being this kind of "asshole".
molecular
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September 24, 2014, 07:12:26 PM
 #12660


what bullshit! He bases his call on the fact that $400 was the point at which the rally in November '13 had started. He said this twice. It didn't start at $400, but at $120.

He also says $400 has acted as support in the past, which is mainly true, but in and of itself no reason for a rally at this point.

In retrospect maybe he got a tip about paypal and made something up Wink



God we are a bunch of assholes we are even picking apart the good media.

I support people being this kind of "asshole".

next fight: "the good assholes" vs. "the circle jerkers" ?

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