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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1940927 times)
arxwn
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September 24, 2014, 05:28:02 PM
 #12661

Chartist voodoo ?

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cypherdoc
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September 24, 2014, 05:35:55 PM
 #12662

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/
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September 24, 2014, 05:36:29 PM
 #12663


simply sentiment change.  it cycles as well.
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September 24, 2014, 05:44:38 PM
 #12664


im feeling it too. bear sentiment is fading. christmas is coming. Cheesy
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September 24, 2014, 05:59:33 PM
 #12665


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
 #12666

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now what?

Gradual rise to test the ATH @$1.1k-1.2k by the end of 2015.
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September 24, 2014, 06:06:30 PM
 #12667


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.
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September 24, 2014, 06:20:58 PM
 #12668


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
 #12669


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
 #12670


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.
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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September 24, 2014, 06:56:28 PM
 #12671

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
 #12672


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

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September 24, 2014, 07:10:26 PM
 #12673


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
 #12674


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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arxwn
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September 24, 2014, 07:33:25 PM
 #12675


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.

gives us some good prognosticators

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cypherdoc
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September 24, 2014, 08:08:31 PM
 #12676

as gold continues to collapse, why would you sell your Bitcoin?

remember, there's an $8T gold mkt out there.
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September 24, 2014, 09:08:30 PM
 #12677

China:

http://thecoinfront.com/why-is-china-a-world-leader-in-bitcoin/
Odalv
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September 24, 2014, 09:24:58 PM
 #12678


I'm not sure we can compare exchanges with and without fees. So all statistics are not quite accurate (maybe errors by order of magnitude)
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September 24, 2014, 09:29:51 PM
 #12679

S&P should hit 3k to 5k before the final collapse and bitcoin uber bubble. I think next few years theres giong to be a fire to get into US dollar and stocks.. how that affects bitcoin is anyones guess. Look at how after every dip its bought strongly... every dip shorters come and say this is the one.. but it will happen when you least expect and are super bullish US.

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September 24, 2014, 09:33:24 PM
 #12680

S&P should hit 3k to 5k before the final collapse and bitcoin uber bubble. I think next few years theres giong to be a fire to get into US dollar and stocks.. how that affects bitcoin is anyones guess. Look at how after every dip its bought strongly... every dip shorters come and say this is the one.. but it will happen when you least expect and are super bullish US.
High-Yield bonds are already falling clearly, that's where real shorters are. The stocks bull market has not got more than 6 months left.
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