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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2011343 times)
cypherdoc
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September 29, 2014, 04:34:00 AM
 #12921

cypherdoc:
What, specifically, don't you understand, cypherdoc?  The words themselves or?

no, i'd just like you to clarify for our audience.
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cypherdoc
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September 29, 2014, 04:36:28 AM
 #12922

$DXY still going up tonite.  sidhuajag, i still don't see how stocks keep rising in the face of this, despite your reasoning:


I think they will wait for usdx retrace... Higher lows for both... Someone ban this lambchop guy seriously offtopic

what's interesting is i have intermediate-term sell signals this past week on the S&P, NDX, Wilshire 5000, the $DJT and even the Dow Jones World Index.

Intermediate-term sell signals were also triggered on the French CAC and the German DAX.

the $DJI is the only holdout.
NotLambchop
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September 29, 2014, 04:37:04 AM
 #12923

...
* Rewards points are ~1%.
* Using bitcoin at gyft.com gives you 3%.

Winner: BITCOIN.

And how many percent did Bitcoin fall JUST TODAY? Cheesy
Saved for future reference.

You need a hand with the math?
sidhujag
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September 29, 2014, 04:39:16 AM
 #12924

$DXY still going up tonite.  sidhuajag, i still don't see how stocks keep rising in the face of this, despite your reasoning:


I think they will wait for usdx retrace... Higher lows for both... Someone ban this lambchop guy seriously offtopic

what's interesting is i have intermediate-term sell signals this past week on the S&P, NDX, Wilshire 5000, the $DJT and even the Dow Jones World Index.

Intermediate-term sell signals were also triggered on the French CAC and the German DAX.

the $DJI is the only holdout.
Maybe bull comes back for xmas during a low volume pump

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
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cbeast
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Let's talk governance, lipstick, and pigs.


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September 29, 2014, 04:39:51 AM
 #12925

...
* Rewards points are ~1%.
* Using bitcoin at gyft.com gives you 3%.

Winner: BITCOIN.

And how many percent did Bitcoin fall JUST TODAY? Cheesy
Saved for future reference.

You need a hand with the math?
Your statement was presumed to be a declarative prediction of future price. Your data set is too small to make a statistical prediction. What math are you referring to?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
NotLambchop
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September 29, 2014, 04:40:08 AM
 #12926

cypherdoc:
What, specifically, don't you understand, cypherdoc?  The words themselves or?

no, i'd just like you to clarify for our audience.

There's nothing to clarify, and the audience is probably one or two sleepy, bored d00ds.
...who are [hopefully] smarter than U, and need no clarification of stuff that's clear to a four-year-old.
cypherdoc
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September 29, 2014, 04:42:19 AM
 #12927

cypherdoc:
What, specifically, don't you understand, cypherdoc?  The words themselves or?

no, i'd just like you to clarify for our audience.

There's nothing to clarify, and the audience is probably one or two sleepy, bored d00ds.
...who are [hopefully] smarter than U, and need no clarification of stuff that's clear to a four-year-old.

you ARE the 4yo based on all your baby pictures and lack of intelligent discourse. 
cypherdoc
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September 29, 2014, 04:46:24 AM
 #12928

yeah, you're right.  just let everyone read it for themselves:



i thought your Mommy was tucking you in for nite nite?
NotLambchop
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September 29, 2014, 04:46:37 AM
 #12929

...
* Rewards points are ~1%.
* Using bitcoin at gyft.com gives you 3%.

Winner: BITCOIN.

And how many percent did Bitcoin fall JUST TODAY? Cheesy
Saved for future reference.

You need a hand with the math?
Your statement was presumed to be a declarative prediction of future price. Your data set is too small to make a statistical prediction. What math are you referring to?

My statement was not, and is not "a declarative prediction" of anything, including the price.  It was a question, obviated by the squiggly line over a dot, known as the question mark.  I'm beginning to understand why you're in this thread.
Now I need to get some rest.  
Tomorrow we'll start getting into shapes and colors.

Good nigt.
5od0miz3r
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September 29, 2014, 04:46:59 AM
 #12930

...the French CAC ...

littleLambchop can't get enough of this market
cbeast
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Let's talk governance, lipstick, and pigs.


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September 29, 2014, 04:47:37 AM
 #12931

...
* Rewards points are ~1%.
* Using bitcoin at gyft.com gives you 3%.

Winner: BITCOIN.

And how many percent did Bitcoin fall JUST TODAY? Cheesy
Saved for future reference.

You need a hand with the math?
Your statement was presumed to be a declarative prediction of future price. Your data set is too small to make a statistical prediction. What math are you referring to?

My statement was not, and is not a "a declarative prediction" of anything, including the price.  It was a question, obviated by the squiggly line over a dot, known as the question mark.  I'm beginning to understand why you're in this thread.
Now I need to get some rest.  
Tomorrow we'll start getting into shapes and colors.

Good nigt.
The reason businesses give discount for bitcoin purchases is because they are saving on not only the credit card processing fees, but also the chargeback loss. It makes good fiscal sense to accept bitcoins. Using services like Bitpay, they don't even need to use Bitcoin for more than a payment system.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
NotLambchop
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September 29, 2014, 04:51:25 AM
 #12932

...
i thought your Mommy was tucking you in for nite nite?


Why don't you take a seat right over there?


no, i'm very happy with you, son.  MyLittleLampChop.

Look, I tried being polite, but...
 NO!  YOU CAN NOT SUCK MY DICK.
Now stop being gross Angry


NotLambchop
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September 29, 2014, 04:57:45 AM
 #12933

...
* Rewards points are ~1%.
* Using bitcoin at gyft.com gives you 3%.

Winner: BITCOIN.

And how many percent did Bitcoin fall JUST TODAY? Cheesy
Saved for future reference.

You need a hand with the math?
Your statement was presumed to be a declarative prediction of future price. Your data set is too small to make a statistical prediction. What math are you referring to?

My statement was not, and is not a "a declarative prediction" of anything, including the price.  It was a question, obviated by the squiggly line over a dot, known as the question mark.  I'm beginning to understand why you're in this thread.
Now I need to get some rest.  
Tomorrow we'll start getting into shapes and colors.

Good nigt.
The reason businesses give discount for bitcoin purchases is because they are saving on not only the credit card processing fees, but also the chargeback loss. It makes good fiscal sense to accept bitcoins. Using services like Bitpay, they don't even need to use Bitcoin for more than a payment system.

Preach it, Brother, but let's do it tomorrow, K?  It's past my bedtime, and what you are saying has been repeated on these boards more times than u can shake a stick at, or, as a smart feller like yourself would say, ad nauseum.  
 
 Good night.
cbeast
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Let's talk governance, lipstick, and pigs.


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September 29, 2014, 05:20:23 AM
 #12934

...
* Rewards points are ~1%.
* Using bitcoin at gyft.com gives you 3%.

Winner: BITCOIN.

And how many percent did Bitcoin fall JUST TODAY? Cheesy
Saved for future reference.

You need a hand with the math?
Your statement was presumed to be a declarative prediction of future price. Your data set is too small to make a statistical prediction. What math are you referring to?

My statement was not, and is not a "a declarative prediction" of anything, including the price.  It was a question, obviated by the squiggly line over a dot, known as the question mark.  I'm beginning to understand why you're in this thread.
Now I need to get some rest.  
Tomorrow we'll start getting into shapes and colors.

Good nigt.
The reason businesses give discount for bitcoin purchases is because they are saving on not only the credit card processing fees, but also the chargeback loss. It makes good fiscal sense to accept bitcoins. Using services like Bitpay, they don't even need to use Bitcoin for more than a payment system.

Preach it, Brother, but let's do it tomorrow, K?  It's past my bedtime, and what you are saying has been repeated on these boards more times than u can shake a stick at, or, as a smart feller like yourself would say, ad nauseum.  
 
 Good night.
Always have to have the last word, huh?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Adrian-x
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September 29, 2014, 06:50:01 AM
 #12935

Holy cow, 10 pages of trolling, can't believe I investigated real sleep hours reading it.

Good shills are hard to employ these days. They are working for the altcoins. Someone should take this opportunity to open a Troll School using Bitcoin for tuition.

Indeed, a great idea.  Offer group discounts to these folks.



Lols, the group discount was earned today. If there was a concerted effort to drop the price, one day they'll buy in.


This is the only post worth reading in the last 10 pages:
Although this is old hat for many here, I put together a little explanation that may help people see how mining difficulty affects the bitcoin price.



[img width=100 ]http://i.imgur.com/5VOUQlI.png[/img]

Think about how much money was invested, both by consumers and manufacturers, into pushing the difficulty up several orders of magnitude over the past year. That's all money that could have and arguably would have been invested into driving the BTC price up. A lot of the fresh fiat has been going into the mining industry instead of the price. This is of course self-limiting, and so with all that investment happening behind the scenes, when the curtain is pulled back (when buying mining equipment becomes unprofitable), without any outside reason for the investment to slow down, it should start funneling back into the price.


Oh and this one below I see things the same way:
I've said it ten times the past month....this "situation" in mining does not lead to centralization, exactly the opposite.

You know when you guys keep harping about "economy of scale" well that doesn't always mean what you obviously think it means.

You need to rethink the difference between a hobbyist miner with a couple of TH running in their basement vs a commercial building being supplied with a 0.5MW supply and transformer, and wiring performed by electricians, and CSA/UL/CE inspections, and liability insurance, and cooling the building doubling your electrical draw....and a myriad of other expenses that little children like yourselves have never encountered because you have never leased a commercial building to set up a business and you have no idea of the intricacies of business dealings at that scale.

I can't see how they are doing it when I consider the logistics and costs....certainly not with the efficiencies we have today at sub $400 prices.


I started mining again for many reasons pointed out (thanks CMMPro for this post too, it outlines that mining data centers will scale but have an optimal limiting size that won't allow scaling beyond a practical limit with out a large supply of fractional reserve fiat.

Given the state of mining outfits in China, I can't think of anything to say but wow cheep coins. The mining centers remind me a little of a more professional version of GPU mining rig in someone's living room running the next global monetary system.

Anyway a drop in price is going to test network resilience and it's my opposition it's planned and implemented. The banking trolls not buying in now are just ignoring there new global masters at their petrol.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
User705
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September 29, 2014, 06:55:44 AM
 #12936

I've said it ten times the past month....this "situation" in mining does not lead to centralization, exactly the opposite.

You know when you guys keep harping about "economy of scale" well that doesn't always mean what you obviously think it means.

You need to rethink the difference between a hobbyist miner with a couple of TH running in their basement vs a commercial building being supplied with a 0.5MW supply and transformer, and wiring performed by electricians, and CSA/UL/CE inspections, and liability insurance, and cooling the building doubling your electrical draw....and a myriad of other expenses that little children like yourselves have never encountered because you have never leased a commercial building to set up a business and you have no idea of the intricacies of business dealings at that scale.

I can't see how they are doing it when I consider the logistics and costs....certainly not with the efficiencies we have today at sub $400 prices.
 


Sure but who will manufacture these little miners to sell to home hobbyist?
traderCJ
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September 29, 2014, 06:57:01 AM
 #12937

Err...  Yes?  I'm sure there are trolls around, but who would *pay* anyone to do that?
Especially taking into account that I make fun of your wacky ravings absolutely free.
Won't lie, I do get a kick out of laughing at buffoons.  I'm sure I'm not the only one.

furthermore, straight from the Snowden documents and the GCHQ slides

https://firstlook.org/theintercept/2014/02/24/jtrig-manipulation/:



but of course, you're smarter than the Internet.

Just noticed this.  Made me chuckle  Smiley

Slides like this are created by analysts jockeying to make their particular group shine at the next meeting.  You have to remember that the pot of money is only so large and there are a lot of hungry mouths to feed.  People seem to assume that if a slide has TS//HODL headers and footers, then everything on it must be happening.  All sorts of nonsense could make it into these slides without actually being implemented in the real world.  But hey, what do I know.
creekbore
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Lazy, cynical and insolent since 1968


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September 29, 2014, 07:02:33 AM
 #12938

Wow, it's been years since I read this thread, so I picked a random page a month back or so -- all very serious, lots of graphs and some interesting discussion (although in hindsight, some pretty off whack predictions).  Then I skip forward to 'now' and it's people calling each other cocksuckers --unbelievable.

Cypherdoc, seriously, if you haven't learnt "don't feed the troll" by now, it does actually make me question your authority to posit an opinion on anything.  LambChop/NotLambChop has trolled the forum forever, under a guise of identities...use the ignore button, he bores eventually.


"Markets always move in the direction to hurt the most investors." AnonyMint
"Market depth is meaningless" AdamstgBit
solex
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100 satoshis -> ISO code


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September 29, 2014, 07:51:11 AM
 #12939

from the top at 1163 on Bitstamp, we are only down 67-68%.  that's not bad, nor unusual, for Bitcoin pullbacks.

try 32 --> 1.98.


Yup.

2011 pullback was: -94%
2013 (April) drop was: -81%

Wouldn't be unreasonable to max out in the -70% range on this one.

For those that like round numbers:

ramp            base-to-peak   retrace
2011            30x                 -90%
2013 early     20x                -80%
2013 late      10x                 -70%  ??

domob
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September 29, 2014, 08:15:33 AM
 #12940

For those that like round numbers:

ramp            base-to-peak   retrace
2011            30x                 -90%
2013 early     20x                -80%
2013 late      10x                 -70%  ??

So next will be base-to-peak 0x, which means that all those calling for Bitcoin going to zero are right. Tongue

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