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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1805726 times)
justusranvier
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September 26, 2014, 12:12:10 PM
 #12741

How could something this hard to generate to be use daily?
How much iron ore do you personally refine on any given day?
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boumalo
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September 26, 2014, 12:27:16 PM
 #12742

Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

Nobody wants to jump on our sinking ship Undecided


You should probably get that myopia checked out, it might be costing you some serious large long term benefits.

Nice lines Roll Eyes Bitcoin is $394 on BTC-e

... quick, you better close out your shorts then.

Nope. $390;)

You'll learn. Shorting a bear market is easy until it isn't. Timing the end of a bear market is difficult. Most traders get burned. You may pick up a few more pennies betting on the demise of bitcoin but don't come whining when the price jumps 10% in 30 minutes like it did earlier this week.

Exactly, it is very dangerous to short Bitcoin if you think it will go up in the medium long term, it is safer to sell a portion of your holdings when you think it is going to go down and buy back when you consider it will recover soon

wachtwoord
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September 26, 2014, 12:32:52 PM
 #12743

IMO, BTC can not be mainstream, because it's already 1/2 out and it's going to be harder than mining gold.
How could something this hard to generate to be use daily? It should worth 1 BTC per house in US. Assuming 2016 will take 3 months to mint 1 BTC.

What? It will even work fine when it is literary impossible to mine Bitcoin.

thezerg
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September 26, 2014, 01:15:17 PM
 #12744

Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

Nobody wants to jump on our sinking ship Undecided

You should probably get that myopia checked out, it might be costing you some serious large long term benefits.

Nice lines Roll Eyes Bitcoin is $394 on BTC-e

... quick, you better close out your shorts then.

Nope. $390;)

You'll learn. Shorting a bear market is easy until it isn't. Timing the end of a bear market is difficult. Most traders get burned. You may pick up a few more pennies betting on the demise of bitcoin but don't come whining when the price jumps 10% in 30 minutes like it did earlier this week.

What did we call it back in 2012?  "...collecting nickels in front of the steamroller."
cypherdoc
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September 26, 2014, 01:29:39 PM
 #12745

This is pretty huge.

The Danish gvt invested in Coinify:

SEED Capital is partly supported by Vækstfonden, the Danish government’s fund for creating growth in new companies. “This must be the first time government funds are invested in a Bitcoin company,” Olesen commented to CoinTelegraph.

http://cointelegraph.com/news/112607/coinify-seals-multi-million-external-funding-backed-by-danish-govt
cypherdoc
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September 26, 2014, 01:59:28 PM
 #12746

gold getting smacked again.  Bitcoin stable.
cypherdoc
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September 26, 2014, 02:14:08 PM
 #12747

the $DXY is breaking away from support and gathering momentum:

wachtwoord
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September 26, 2014, 02:14:13 PM
 #12748

This is pretty huge.

The Danish gvt invested in Coinify:

SEED Capital is partly supported by Vækstfonden, the Danish government’s fund for creating growth in new companies. “This must be the first time government funds are invested in a Bitcoin company,” Olesen commented to CoinTelegraph.

http://cointelegraph.com/news/112607/coinify-seals-multi-million-external-funding-backed-by-danish-govt

It's much smaller than it seems. The Danish government (as many north-western European governments) just subsidizes start-ups in general.

cypherdoc
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September 26, 2014, 02:16:04 PM
 #12749

here's the Euro double short:

cypherdoc
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September 26, 2014, 02:21:41 PM
 #12750

This is pretty huge.

The Danish gvt invested in Coinify:

SEED Capital is partly supported by Vækstfonden, the Danish government’s fund for creating growth in new companies. “This must be the first time government funds are invested in a Bitcoin company,” Olesen commented to CoinTelegraph.

http://cointelegraph.com/news/112607/coinify-seals-multi-million-external-funding-backed-by-danish-govt

It's much smaller than it seems. The Danish government (as many north-western European governments) just subsidizes start-ups in general.

SEED Capital just doesn't invest in any 'ol startup.  and they're not going to invest in something the Danish gvt disapproves of. Unless we see an immediate retraction of this support and an explicit disapproval of Bitcoin association, this is a huge development as it represents the very first time a sovereign gvt has invested in a Bitcoin business.

given all the "mehs" i'm seeing around this news, i'd say we've hit a bottom in sentiment.
wachtwoord
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September 26, 2014, 02:28:09 PM
 #12751

This is pretty huge.

The Danish gvt invested in Coinify:

SEED Capital is partly supported by Vækstfonden, the Danish government’s fund for creating growth in new companies. “This must be the first time government funds are invested in a Bitcoin company,” Olesen commented to CoinTelegraph.

http://cointelegraph.com/news/112607/coinify-seals-multi-million-external-funding-backed-by-danish-govt

It's much smaller than it seems. The Danish government (as many north-western European governments) just subsidizes start-ups in general.

SEED Capital just doesn't invest in any 'ol startup.  and they're not going to invest in something the Danish gvt disapproves of. Unless we see an immediate retraction of this support and an explicit disapproval of Bitcoin association, this is a huge development as it represents the very first time a sovereign gvt has invested in a Bitcoin business.

given all the "mehs" i'm seeing around this news, i'd say we've hit a bottom in sentiment.

We have definitely reached a bottom in sentiment. Just see the reaction to PayPal being semi-positive about Bitcoin and tentatively incorporating it in its business. Who would have thought that just one year ago? In Bitcoin everything moves so fast. If the Paypal news would have been in November of last year it would have made a huge impact on Bitcoin price (short term of course).

cypherdoc
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September 26, 2014, 02:44:25 PM
 #12752

This is pretty huge.

The Danish gvt invested in Coinify:

SEED Capital is partly supported by Vækstfonden, the Danish government’s fund for creating growth in new companies. “This must be the first time government funds are invested in a Bitcoin company,” Olesen commented to CoinTelegraph.

http://cointelegraph.com/news/112607/coinify-seals-multi-million-external-funding-backed-by-danish-govt

It's much smaller than it seems. The Danish government (as many north-western European governments) just subsidizes start-ups in general.

SEED Capital just doesn't invest in any 'ol startup.  and they're not going to invest in something the Danish gvt disapproves of. Unless we see an immediate retraction of this support and an explicit disapproval of Bitcoin association, this is a huge development as it represents the very first time a sovereign gvt has invested in a Bitcoin business.

given all the "mehs" i'm seeing around this news, i'd say we've hit a bottom in sentiment.

We have definitely reached a bottom in sentiment. Just see the reaction to PayPal being semi-positive about Bitcoin and tentatively incorporating it in its business. Who would have thought that just one year ago? In Bitcoin everything moves so fast. If the Paypal news would have been in November of last year it would have made a huge impact on Bitcoin price (short term of course).

given that gvt is the fundamental organizational unit that can legally enforce a clamp down on Bitcoin, the fact that a non US gvt has now financially invested into a Bitcoin startup for the first time in its history makes a global crackdown on Bitcoin much less likely.

there is enough positive fundamentals within Bitcoin that will divide gvt opinion, which is a very good thing.
foggyb
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September 26, 2014, 02:51:22 PM
 #12753

Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

Nobody wants to jump on our sinking ship Undecided

You can call it that if you want.. I won't. I wouldn't mind if Schiff doesn't mention bitcoin - he was staunchly anti bitcoin all along.
He had made one or two concessions recently towards bitcoin but he is still a Goldbug pure and simple.

The takeaway point here is that QE and the dollar are fucked. At least he sees that!



Bitcoin is very dangerous to trade. Its sensible for Schiff not to recommend it. Smart money figures it out on its own anyway.
cypherdoc
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September 26, 2014, 02:51:41 PM
 #12754

ok, again, reality check.

are Bitcoiners, like goldbugs, irrationally skeptical of the incumbent fiat system?  i don't think so:

This sort of thing occurred often enough -- Fed regulators denying what had been said in meetings, Fed managers asking her to alter minutes of meetings after the fact -- that Segarra decided she needed to record what actually had been said. So she went to the Spy Store and bought a tiny tape recorder, then began to record her meetings at Goldman Sachs, until she was fired.

I don't want to spoil the revelations of "This American Life": It's far better to hear the actual sounds on the radio, as so much of the meaning of the piece is in the tones of the voices -- and, especially, in the breathtaking wussiness of the people at the Fed charged with regulating Goldman Sachs. But once you have listened to it -- as when you were faced with the newly unignorable truth of what actually happened to that NFL running back's fiancee in that elevator -- consider the following:

1. You sort of knew that the regulators were more or less controlled by the banks. Now you know.

2. The only reason you know is that one woman, Carmen Segarra, has been brave enough to fight the system. She has paid a great price to inform us all of the obvious. She has lost her job, undermined her career, and will no doubt also endure a lifetime of lawsuits and slander.


http://www.bloombergview.com/articles/2014-09-26/the-secret-goldman-sachs-tapes
cypherdoc
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September 26, 2014, 03:00:22 PM
 #12755

it's heroes like Carmen Segarra that make me want to buy Bitcoin like hell.
boumalo
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September 26, 2014, 03:01:00 PM
 #12756

This is pretty huge.

The Danish gvt invested in Coinify:

SEED Capital is partly supported by Vækstfonden, the Danish government’s fund for creating growth in new companies. “This must be the first time government funds are invested in a Bitcoin company,” Olesen commented to CoinTelegraph.

http://cointelegraph.com/news/112607/coinify-seals-multi-million-external-funding-backed-by-danish-govt

It's a fun fact

gold getting smacked again.  Bitcoin stable.

This year Gold is in positive and Bitcoin lost 50%

cypherdoc
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September 26, 2014, 03:03:08 PM
 #12757

This is pretty huge.

The Danish gvt invested in Coinify:

SEED Capital is partly supported by Vækstfonden, the Danish government’s fund for creating growth in new companies. “This must be the first time government funds are invested in a Bitcoin company,” Olesen commented to CoinTelegraph.

http://cointelegraph.com/news/112607/coinify-seals-multi-million-external-funding-backed-by-danish-govt

It's a fun fact

gold getting smacked again.  Bitcoin stable.

This year Gold is in positive and Bitcoin lost 50%

that's true when you cherry pick.

i can do that too; look at the 5 yr chart Wink
wachtwoord
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September 26, 2014, 03:19:05 PM
 #12758

This is pretty huge.

The Danish gvt invested in Coinify:

SEED Capital is partly supported by Vækstfonden, the Danish government’s fund for creating growth in new companies. “This must be the first time government funds are invested in a Bitcoin company,” Olesen commented to CoinTelegraph.

http://cointelegraph.com/news/112607/coinify-seals-multi-million-external-funding-backed-by-danish-govt

It's a fun fact

gold getting smacked again.  Bitcoin stable.

This year Gold is in positive and Bitcoin lost 50%

that's true when you cherry pick.

i can do that too; look at the 5 yr chart Wink

And looking at something's eternal lifetime (so for both gold and Bitcoin and annualized), might not be considered cherry picking too. 

cypherdoc
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September 26, 2014, 05:08:25 PM
 #12759

This is pretty huge.

The Danish gvt invested in Coinify:

SEED Capital is partly supported by Vækstfonden, the Danish government’s fund for creating growth in new companies. “This must be the first time government funds are invested in a Bitcoin company,” Olesen commented to CoinTelegraph.

http://cointelegraph.com/news/112607/coinify-seals-multi-million-external-funding-backed-by-danish-govt

It's a fun fact

gold getting smacked again.  Bitcoin stable.

This year Gold is in positive and Bitcoin lost 50%

that's true when you cherry pick.

i can do that too; look at the 5 yr chart Wink

And looking at something's eternal lifetime (so for both gold and Bitcoin and annualized), might not be considered cherry picking too. 

Ok, go back 3y then Wink

cypherdoc
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September 26, 2014, 05:48:05 PM
 #12760

Skim this report, not one mention of Bitcoin. They're talking about a triple bottom in gold despite silver having broken down out of its consolidation pattern. Big mistake. Not only that, but all the masturbation around mining companies.

We are nowhere near a bubble in Bitcoin, as the gold bugs have yet to come (literally) :

http://www.theaureport.com/pub/na/16271
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