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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804777 times)
cypherdoc
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September 24, 2014, 05:36:29 PM
 #12681


simply sentiment change.  it cycles as well.
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September 24, 2014, 05:44:38 PM
 #12682


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
 #12683


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
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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
 #12685


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
 #12686


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
 #12687


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
 #12688


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
cypherdoc
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September 24, 2014, 06:56:28 PM
 #12689

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
 #12690


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

"Staat nenne ich's, wo alle Gifttrinker sind, Gute und Schlimme: Staat, wo alle sich selber verlieren, Gute und Schlimme:
Staat, wo der langsame Selbstmord aller – »das Leben« heisst."
mmortal03
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September 24, 2014, 07:10:26 PM
 #12691


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
 #12692


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
 #12693


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
 #12694

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

remember, there's an $8T gold mkt out there.
cypherdoc
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September 24, 2014, 09:08:30 PM
 #12695

China:

http://thecoinfront.com/why-is-china-a-world-leader-in-bitcoin/
Odalv
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September 24, 2014, 09:24:58 PM
 #12696


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)
sidhujag
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September 24, 2014, 09:29:51 PM
 #12697

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
 #12698

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.

sidhujag
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September 24, 2014, 09:49:16 PM
 #12699

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.

6 months turn into a few years pretty fast, the reason I saw a few years is becuase noone expects it. When you have trades/actively in markets for a while you come to realize that NOTHING is what it seems especially indicators telling you something is about to happen, usually your hunch is right but timing is never right... thus 6 months is way off. Plus we havent had the final stock bubble where tom and jerry come back in and become suckers again for the final time.

Bond vigilanties are too concerned about the short term, thus the ones that participated in driving yields up when italy/spain happened a few years ago are nowhere to be found, and really the can has been kicked hasn't it? I bet you thought that was the EU end game right there didn't you?

My advice, don't short the market and lose your shirt, the bull is too strong here.
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September 24, 2014, 10:11:51 PM
 #12700

Everybody sees a big change in 3-5 years, it's like a mental bias or something.

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