Gold collapsing. Bitcoin UP.

[FNG]

Circle open access to easy Bitcoin is a big deal.

and if you believe in big fractals, percentages, and timing, now's not a bad time.

Huge deal. Have been playing around with it today. Easiest on-ramp yet. I'm sure they're going to use the media quite a bit and the masses will be able to buy $20 or so with ease

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[1714202206]

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[adamstgBit]

Circle open access to easy Bitcoin is a big deal.

and if you believe in big fractals, percentages, and timing, now's not a bad time.

Huge deal. Have been playing around with it today. Easiest on-ramp yet. I'm sure they're going to use the media quite a bit and the masses will be able to buy $20 or so with ease

if a million poeple hit market buy with 20$ we're gana have a problem  

never gana happen....

[cypherdoc]

Western Union heading back down:

[cypherdoc]

https://twitter.com/cypherdoc2/status/516628750470242304

[sgbett]

you gotta admire how the apparatchiks run the futures up and down overnight to trigger all the stops @17000 at the open for the main indices for retail investors.  this market will chew you up:

such subtle! lol

[sgbett]

Circle open access to easy Bitcoin is a big deal.

and if you believe in big fractals, percentages, and timing, now's not a bad time.

I just noticed that tomorrow is the anniversary of the capitulation bottom to $140 (gox) that started the next run up...

[dEBRUYNE]

https://twitter.com/cypherdoc2/status/516628750470242304

Last run-up to 450 none of the shorts closed, I think we need to go to around 470-500 before we see a short squeeze. What's your view on this?

All 11,055 shorts still intact.

[cypherdoc]

Circle open access to easy Bitcoin is a big deal.

and if you believe in big fractals, percentages, and timing, now's not a bad time.

I just noticed that tomorrow is the anniversary of the capitulation bottom to $140 (gox) that started the next run up...

looks like it was 10/2/13, the date of the SR takedown.

whoever sold on that news missed out big time.  it was a huge, unintuitive reversal.

[Peter R]

Circle open access to easy Bitcoin is a big deal.

and if you believe in big fractals, percentages, and timing, now's not a bad time.

Huge deal. Have been playing around with it today. Easiest on-ramp yet. I'm sure they're going to use the media quite a bit and the masses will be able to buy $20 or so with ease

Circle may be a game changer.  You can sign-up on your phone from anywhere and purchase your first bitcoins with your credit card within minutes.  The fact that they use mandatory 2FA (via SMS by default) also makes me feel better about recommending this service to acquaintances.  Should COIN launch this winter, then the fiat <---> bitcoin gateway infrastructure will be ripe to support another wave of adoption.  

I think naturally highly-motivated people tend to underestimate just how much of an obstacle not being able to do something NOW is.  The fact that a new user could securely purchase $50 of bitcoins using Circle in the same conversation that he learned about them is very big.   I've had this image in my head for the last month, should we see another growth spurt, of 20- and 30-somethings all over the world, staring at their smart phones as the price rallies, throwing another $100 on the credit card over and over.  Like Adam says, what happens if a million people press BUY at the same time?  

Those like JorgeStofli, who argue that paying a 2.9% credit card fee to buy bitcoins defeats the purpose, completely miss the point.  These are gateways products bridging the old system with the new.  People aren't buying $400 of bitcoin with a credit card to buy a TV from Overstock.  They are buying $400 of bitcoin to be part of something that has the potential to completely reshape the financial system, our economy, and ultimately, our world.  

Bitcoin's killer app is hope.  What other technology/investment can give young people all over the world as much hope for a better future as bitcoin?

[cypherdoc]

major silver miner PAAS heading down:

[cypherdoc]

Fear continuing to rise on the S&P:

[NewLiberty]

Bitcoin's killer app is hope.  What other technology/investment can give young people all over the world as much hope for a better future as bitcoin?

...and hope is magnified by the fear it relieves.  There are plenty of sources generating reasonable fears everywhere.  Why not be prepared?

[cypherdoc]

good article by Nicholas Colas about the importance of volatility as it applies to stocks.  but the same can be said for Bitcoin:

The problem is that volatility is actually important to the proper functioning of capital markets. In fact, it is critical to both effective societal asset allocation and as a way to judge the skill of managers on Wall Street and Main Street alike. It isn’t just price levels that define capitalism; it is the correlated spectrums of risk and return from sure bets to highly speculative ventures that keeps the machine running smoothly. The journey really is just as important as the destination.

http://www.zerohedge.com/news/2014-09-29/can-us-economy-handle-meaningful-downturn-financial-asset-prices

[Melbustus]

...

Bitcoin's killer app is hope.  What other technology/investment can give young people all over the world as much hope for a better future as bitcoin?

Indeed. I'd phrase it a little differently, and assert that bitcoin is fundamentally optimistic. It's optimistic to assume that people can get together, from the ground up, and bootstrap a completely new, completely free, completely transparent global financial system. It's optimistic to believe that humanity will see and feel its value, and embrace it of their own free will.

But I'm an optimist. I believe that technology improves lives, and that the long-run trend in human civilization is toward more efficient and more free systems. 

Plus, the pessimists generally don't show up in the history books.

[cypherdoc]

USD/JPY continuing to rise:

[User705]

Circle open access to easy Bitcoin is a big deal.

and if you believe in big fractals, percentages, and timing, now's not a bad time.

I just noticed that tomorrow is the anniversary of the capitulation bottom to $140 (gox) that started the next run up...

looks like it was 10/2/13, the date of the SR takedown.

whoever sold on that news missed out big time.  it was a huge, unintuitive reversal.

one more catalyst like that ought to do it.  Perhaps a plea deal and sale of remaining SR coins or announced sale of Gox coins.  If BFL was bigger their shutdown could have been it.  Although the moves of most manufactures into pre-order and cloud BS feels like that's bottoming out as well. 

[molecular]

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.

hehe. made me laugh.

it's actually a good sign, though.

[bucktotal]

i remember that SR event like it was yesterday. im sitting in the same seat as i was last year too. t'was amazing. took a gamble and made a sweet btc bankroll boost of +10% in an hr and then had the joy of watching the rocket take off. just another magical day in bitcoin trading. i wonder how many people truly sold (without buying back). poor schmucks.

[cypherdoc]

i remember that SR event like it was yesterday. im sitting in the same seat as i was last year too. t'was amazing. took a gamble and made a sweet btc bankroll boost of +10% in an hr and then had the joy of watching the rocket take off. just another magical day in bitcoin trading. i wonder how many people truly sold (without buying back). poor schmucks.

Answer: alot

I  remember sitting at my piano when the news rolled across the feeds. The bearish case was so compelling; Bitcoin loses its biggest user! The price tanked like a bitch triggering all sorts of stops at 100, but promptly turned right around within hours and began the rocket launch. Believe me,  when people make snap decisions to sell like that under pressure, they don't buy back in quickly, if at all. 

[cypherdoc]

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.

hehe. made me laugh.

it's actually a good sign, though.

You could almost use me as an indicator

when the anti-cypherdoc tone reaches a feverish pitch, we must be close to a bottom. Just look here:  Warning: How many of you have been a victim of a short squeeze?

Think about it. Anyone who has conviction, be it bullish or bearish for the long term,  is going to look ridiculous for long periods of time when price goes against them. The traces are so long and deep in either direction sentiment has a chance to swing all the way to the opposite end of the spectrum.

The only way not to look foolish is to shut up and not say anything during the anti- move, which I'm not willing to do.