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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1805441 times)
Kupsi
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9.9.2012: I predict that single digits... <- FAIL


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October 05, 2014, 10:07:32 PM
 #13301

Gold at 4 year low.

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smoothie
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LEALANA Monero Physical Silver Coins


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October 05, 2014, 10:49:06 PM
 #13302

Getting some cheap and instant BTC while they are low in price via circle....nom nom nom

Get it while it is cheap!!!  Grin Grin Grin

Dude you bought in at 9$ probably. Where is your wall?

Actually it was at $4.

My wall is in my wallet.

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
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zeetubes
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October 05, 2014, 10:51:51 PM
 #13303

Shorting any financial asset is a valid and usually very risky speculative strategy. In the case of gold, it needs a massive amount of money and, in order to negate the risk, zero fear of losing that money. The only entities that are in that position are central banks. But aside from governments and banks, who else would be interested in driving down the price of bitcoin to the extent that it might ultimately kill off the golden goose? And more importantly, who else would have both the money/means and motive to do so? This feels more like a slow and steady attack on bitcoin's core rather than shorting for long term profit. Perhaps I'm being paranoid.
smooth
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October 05, 2014, 10:52:46 PM
 #13304

Common sense

Thank you for posting this.  The dumping, although terrifying, makes absolutely no sense with all the infrastructure being built around btc.  The market behavior was highly suspect the whole time starting with the initial dump from around 590  and now we're seeing people flashing 30,000 BTC asks on bitstamp.  I've been very tempted to get out but every time I've come close I remind myself that none of this makes any fucking sense.

Edit:  sometimes I wonder if there will be a time when hired manipulators disrupt the markets in a transparent and obvious way so violently and for so long that the majority of the BTC community begins screaming for regulation.

What was suspect was the extremely rapid (almost vertical) run up to 1200. Going from say 100 to 200 would be entirely consistent with the infrastructure build out.

BlindMayorBitcorn
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October 05, 2014, 10:53:32 PM
 #13305

Shorting any financial asset is a valid and usually very risky speculative strategy. In the case of gold, it needs a massive amount of money and, in order to negate the risk, zero fear of losing that money. The only entities that are in that position are central banks. But aside from governments and banks, who else would be interested in driving down the price of bitcoin to the extent that it might ultimately kill off the golden goose? And more importantly, who else would have both the money/means and motive to do so? This feels more like a slow and steady attack on bitcoin's core rather than shorting for long term profit. Perhaps I'm being paranoid.

Another one of the new wealthy elite is cashing out. It isn't complicated

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
blaaaaacksuit
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October 05, 2014, 10:56:58 PM
 #13306

Common sense

Thank you for posting this.  The dumping, although terrifying, makes absolutely no sense with all the infrastructure being built around btc.  The market behavior was highly suspect the whole time starting with the initial dump from around 590  and now we're seeing people flashing 30,000 BTC asks on bitstamp.  I've been very tempted to get out but every time I've come close I remind myself that none of this makes any fucking sense.

Edit:  sometimes I wonder if there will be a time when hired manipulators disrupt the markets in a transparent and obvious way so violently and for so long that the majority of the BTC community begins screaming for regulation.

What was suspect was the extremely rapid (almost vertical) run up to 1200. Going from say 100 to 200 would be entirely consistent with the infrastructure build out.



Yes, that was ALSO suspect.
cypherdoc
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October 05, 2014, 11:04:32 PM
 #13307



Another one of the new wealthy elite is cashing out. It isn't complicated

no.

none of us early adopters are going anywhere!:


smooth
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October 05, 2014, 11:08:16 PM
 #13308

none of us early adopters are going anywhere!

How do you know that sums of biggest wallets represent early adopters? It could just as easily be increased concentration of holdings at Circle, Coinbase, etc. or even coins being moved to Bitstamp to dump. At the very least you would need to include coin age or possibly wallet age for this to be valid.


blaaaaacksuit
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October 05, 2014, 11:11:30 PM
 #13309

none of us early adopters are going anywhere!

How do you know that sums of biggest wallets represent early adopters? It could just as easily be increased concentration of holdings at Circle, Coinbase, etc. or even coins being moved to Bitstamp to dump. At the very least you would need to include coin age or possibly wallet age for this to be valid.




Yea, that just looks like one big chart representing people ready to dump all over us noobs.
cypherdoc
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October 05, 2014, 11:11:49 PM
 #13310

none of us early adopters are going anywhere!

How do you know that sums of biggest wallets represent early adopters? It could just as easily be increased concentration of holdings at Circle, Coinbase, etc. or even coins being moved to Bitstamp to dump. At the very least you would need to include coin age or possibly wallet age for this to be valid.




look here and tell me what you think:

http://bitcoinrichlist.com/top100
marcus_of_augustus
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October 05, 2014, 11:12:04 PM
 #13311

Shorting any financial asset is a valid and usually very risky speculative strategy. In the case of gold, it needs a massive amount of money and, in order to negate the risk, zero fear of losing that money. The only entities that are in that position are central banks. But aside from governments and banks, who else would be interested in driving down the price of bitcoin to the extent that it might ultimately kill off the golden goose? And more importantly, who else would have both the money/means and motive to do so? This feels more like a slow and steady attack on bitcoin's core rather than shorting for long term profit. Perhaps I'm being paranoid.

Nope, I agree. Could classify it as a "social attack", via price manipulation algos on centralised exchanges.

Pretty sure there is good evidence for it beginning around 600 level in late June early July time frame when the momentum for the next natural wave up was building substantially.

Most likely some of the big banks got together (or would only take one like e.g. Morgan Stanley size) and got sick of waiting for governments to do something about bitcoin and decided to take matters into their own hands, so to speak.

NotLambchop
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October 05, 2014, 11:12:57 PM
 #13312

...aside from governments and banks, who else would be interested in driving down the price of bitcoin ... Perhaps I'm being paranoid.

Curses, you've seen right through my sinister ploy!
Who would have thought a good little girl like you could destroy my beautiful wickedness?
BlindMayorBitcorn
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October 05, 2014, 11:14:42 PM
 #13313

none of us early adopters are going anywhere!

How do you know that sums of biggest wallets represent early adopters? It could just as easily be increased concentration of holdings at Circle, Coinbase, etc. or even coins being moved to Bitstamp to dump. At the very least you would need to include coin age or possibly wallet age for this to be valid.




Look at the dates. Purchased in 2012

https://blockchain.info/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
STT
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October 05, 2014, 11:15:08 PM
 #13314

Thats a nice graph but think I have to agree.   It could mean we have greater business involvement now and so chart shows here the concentration or by proxy usage of the masses in fewer distinct wallets.
Isnt it always best for a distributed network to be showing greater active addresses as a sign of prosperity

Of course the ownership or control of the wallet itself could change without us knowing

cypherdoc
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October 05, 2014, 11:16:01 PM
 #13315

...aside from governments and banks, who else would be interested in driving down the price of bitcoin ... Perhaps I'm being paranoid.

Curses, you've seen right through my sinister ploy!
Who would have thought a good little girl like you could destroy my beautiful wickedness?

yeah, lucky the big wall ran with its tail btwn its legs.  would've gotten taken out.
blaaaaacksuit
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October 05, 2014, 11:17:08 PM
 #13316

Shorting any financial asset is a valid and usually very risky speculative strategy. In the case of gold, it needs a massive amount of money and, in order to negate the risk, zero fear of losing that money. The only entities that are in that position are central banks. But aside from governments and banks, who else would be interested in driving down the price of bitcoin to the extent that it might ultimately kill off the golden goose? And more importantly, who else would have both the money/means and motive to do so? This feels more like a slow and steady attack on bitcoin's core rather than shorting for long term profit. Perhaps I'm being paranoid.

Nope, I agree. Could classify it as a "social attack", via price manipulation algos on centralised exchanges.

Pretty sure there is good evidence for it beginning around 600 level in late June early July time frame when the momentum for the next natural wave up was building substantially.

Most likely some of the big banks got together (or would only take one like e.g. Morgan Stanley size) and got sick of waiting for governments to do something about bitcoin and decided to take matters into their own hands, so to speak.

My biggest fear
BlindMayorBitcorn
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October 05, 2014, 11:18:16 PM
 #13317

Shorting any financial asset is a valid and usually very risky speculative strategy. In the case of gold, it needs a massive amount of money and, in order to negate the risk, zero fear of losing that money. The only entities that are in that position are central banks. But aside from governments and banks, who else would be interested in driving down the price of bitcoin to the extent that it might ultimately kill off the golden goose? And more importantly, who else would have both the money/means and motive to do so? This feels more like a slow and steady attack on bitcoin's core rather than shorting for long term profit. Perhaps I'm being paranoid.

Nope, I agree. Could classify it as a "social attack", via price manipulation algos on centralised exchanges.

Pretty sure there is good evidence for it beginning around 600 level in late June early July time frame when the momentum for the next natural wave up was building substantially.

Most likely some of the big banks got together (or would only take one like e.g. Morgan Stanley size) and got sick of waiting for governments to do something about bitcoin and decided to take matters into their own hands, so to speak.

My biggest fear

It was this guy  https://blockchain.info/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
blaaaaacksuit
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October 05, 2014, 11:21:09 PM
 #13318

Shorting any financial asset is a valid and usually very risky speculative strategy. In the case of gold, it needs a massive amount of money and, in order to negate the risk, zero fear of losing that money. The only entities that are in that position are central banks. But aside from governments and banks, who else would be interested in driving down the price of bitcoin to the extent that it might ultimately kill off the golden goose? And more importantly, who else would have both the money/means and motive to do so? This feels more like a slow and steady attack on bitcoin's core rather than shorting for long term profit. Perhaps I'm being paranoid.

Nope, I agree. Could classify it as a "social attack", via price manipulation algos on centralised exchanges.

Pretty sure there is good evidence for it beginning around 600 level in late June early July time frame when the momentum for the next natural wave up was building substantially.

Most likely some of the big banks got together (or would only take one like e.g. Morgan Stanley size) and got sick of waiting for governments to do something about bitcoin and decided to take matters into their own hands, so to speak.

My biggest fear

It was this guy  https://blockchain.info/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

Some guy called nemesis is taking responsibility.
justusranvier
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October 05, 2014, 11:41:23 PM
 #13319

Could classify it as a "social attack", via price manipulation algos on centralised exchanges.
This also explains the flood of scamcoin pushers showing up and disrupting our Bitcoin meetups.
BlindMayorBitcorn
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October 05, 2014, 11:44:20 PM
 #13320

Could classify it as a "social attack", via price manipulation algos on centralised exchanges.
This also explains the flood of scamcoin pushers showing up and disrupting our Bitcoin meetups.

Like Ethereum Roll Eyes

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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