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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2022643 times)
Void_80
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Vesna


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October 06, 2014, 07:09:26 PM
 #13381

in Russia they will not criminalize BTC and the likes.
It will be just fines, expensive for firms, but dealing with cryptomoney
is prohibited for legal entities in Russia anyway.
So all these moves and plans (law is in the stage of a project )
will not affect price of BTC strongly.
It is already prohibited , like everything there LOL
Dont look on this issue like  you all got used to in your nice western law abiding realm.
Russians dont give a fuck about laws, or otherwise they would be dead all together long ago  Tongue

https://www.youtube.com/user/artpodgotovka/videos
Shocked ни в коем случае не смотрите это  !!! Shocked
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cypherdoc
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October 06, 2014, 07:24:53 PM
 #13382

in Russia they will not criminalize BTC and the likes.
It will be just fines, expensive for firms, but dealing with cryptomoney
is prohibited for legal entities in Russia anyway.
So all these moves and plans (law is in the stage of a project )
will not affect price of BTC strongly.
It is already prohibited , like everything there LOL
Dont look on this issue like  you all got used to in your nice western law abiding realm.
Russians dont give a fuck about laws, or otherwise they would be dead all together long ago  Tongue


thanks for your perspective.
Morbid
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October 06, 2014, 07:32:23 PM
 #13383

in Russia they will not criminalize BTC and the likes.
It will be just fines, expensive for firms, but dealing with cryptomoney
is prohibited for legal entities in Russia anyway.
So all these moves and plans (law is in the stage of a project )
will not affect price of BTC strongly.
It is already prohibited , like everything there LOL
Dont look on this issue like  you all got used to in your nice western law abiding realm.
Russians dont give a fuck about laws, or otherwise they would be dead all together long ago  Tongue


thanks for your perspective.

there is a very popular saying in russia:
harshness of russian laws are compensated by slackitude of its enforcement.

"between 'lives' we all have a great laugh about the parts we have performed in the 'play', and look forward to and have great fun preparing the next chapters to act out."
sidhujag
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October 06, 2014, 07:40:08 PM
 #13384

Wow just looked at usdx.. looks like I was right about NFP sell the top event you can def see it in asian trading and then followed by a spike on nfp... good news is bad news bad news is good news if I feel like it this year.

Doc what was that number I pulled out on gold? That's probably the first target, 1310... after that we shall see.

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World
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October 06, 2014, 07:55:24 PM
 #13385

I call this distribution from weak hands to strong hands
http://nymag.com/daily/intelligencer/2014/10/bearwhale-is-freaking-out-the-bitcoin-markets.html

Supporting people with beautiful creative ideas. Bitcoin is because of the developers,exchanges,merchants,miners,investors,users,machines and blockchain technologies work together.
solex
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100 satoshis -> ISO code


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October 06, 2014, 07:58:44 PM
 #13386


That's actually quite a fun article, very well written.

molecular
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October 06, 2014, 08:00:56 PM
 #13387


That's actually quite a fun article, very well written.

I'll have to try reading again, because I stopped after reading:

Quote
So this weekend, when the blockchain (Bitcoin's built-in ledger system) showed that a single Bitcoin collector was trying to sell 30,000 Bitcoin all at once at a price of $300 per coin

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Melbustus
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October 06, 2014, 08:09:46 PM
 #13388


That's actually quite a fun article, very well written.

I'll have to try reading again, because I stopped after reading:

Quote
So this weekend, when the blockchain (Bitcoin's built-in ledger system) showed that a single Bitcoin collector was trying to sell 30,000 Bitcoin all at once at a price of $300 per coin



Don't bother. Kevin Roose is a permabear. As expected, he ends the article noting how bitcoin is horrible off its high. Nevermind the fact that it's *still* up 270% over the last 12 months, and 2700% over the past two years. These guys always seem to leave that part out...

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
Cryptoasset rankings and metrics for investors: http://onchainfx.com
smoothie
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LEALANA Monero Physical Silver Coins


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October 06, 2014, 08:41:45 PM
 #13389


That's actually quite a fun article, very well written.

I'll have to try reading again, because I stopped after reading:

Quote
So this weekend, when the blockchain (Bitcoin's built-in ledger system) showed that a single Bitcoin collector was trying to sell 30,000 Bitcoin all at once at a price of $300 per coin



Don't bother. Kevin Roose is a permabear. As expected, he ends the article noting how bitcoin is horrible off its high. Nevermind the fact that it's *still* up 270% over the last 12 months, and 2700% over the past two years. These guys always seem to leave that part out...
dont you know that they can't see past their noses? Lol

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Odalv
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October 06, 2014, 09:35:55 PM
 #13390

in Russia they will not criminalize BTC and the likes.
It will be just fines, expensive for firms, but dealing with cryptomoney
is prohibited for legal entities in Russia anyway.
So all these moves and plans (law is in the stage of a project )
will not affect price of BTC strongly.
It is already prohibited , like everything there LOL
Dont look on this issue like  you all got used to in your nice western law abiding realm.
Russians dont give a fuck about laws, or otherwise they would be dead all together long ago  Tongue


thanks for your perspective.

there is a very popular saying in russia:
harshness of russian laws are compensated by slackitude of its enforcement.

But when government doesn't like you then they have plenty of laws against you. (see pussy riot, and so on)
cypherdoc
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October 07, 2014, 01:24:55 AM
 #13391

no mo trolls = higher prices
cypherdoc
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October 07, 2014, 01:32:59 AM
 #13392

one of the important indicators i use in addition to cycle theory, momentum, stochastics, fibs, etc, is Dow Theory.  the $DJI & $DJT have been moving in lock step so far and one of the structural formations i'm looking for at a major top for the stock mkt is what's called a Dow Theory non-confimation.  that usually means one of the two indices will set a new high while the other fails to do the same.  now that it appears we're getting a short term bounce here right now, i'm watching for this very finding.



cypherdoc
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October 07, 2014, 01:39:36 AM
 #13393

geez o meez:

cypherdoc
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October 07, 2014, 01:41:56 AM
 #13394

so when exactly is this 51% attack coming? Roll Eyes

cypherdoc
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October 07, 2014, 04:09:26 AM
 #13395

lots of investment pouring into the space:
   
Blockchain Is Latest Bitcoin Start-Up to Lure Big Investment

http://dealbook.nytimes.com/2014/10/06/blockchain-is-latest-bitcoin-start-up-to-lure-big-investment/?_php=true&_type=blogs&_php=true&_type=blogs&_r=1&

Overstock.com Assembles Coders to Create a Bitcoin-Like Stock Market



"SNAPCARD Raises $1.5 Million from Tim Draper." Looks like tim draper is a hard core bitcoin believer

http://www.reddit.com/r/Bitcoin/comments/2ig13w/snapcard_raises_15_million_from_tim_draper_looks/
vuduchyld
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October 07, 2014, 04:14:24 AM
 #13396

That Overstock/XCP alliance might end up being hard to execute...may face some regulatory hurdles...definitely some possible stumbling blocks.

BUT...if they do what they are trying to do, it could also completely revolutionize financial markets.  I mean, it could be THE big thing.  It could legitimize some of the bitcoin-is-the-internet-of-money, or at least blockchain-is-the-internet-of-money commentary we've heard.

I thought this article was good because even I could follow it: http://www.wired.com/2014/10/overstock-com-assembles-coders-build-bitcoin-like-stock-market/

I'm a little surprised some of the other alts haven't gone up in sympathy with XCP, especially BTM (disclosure: I do own about 1 BTC worth)

Edit: looks like Doge has taken that ride up...microtransactions FTW?  Which is part of why I thought BTM might.
blaaaaacksuit
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Who cares?


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October 07, 2014, 04:44:29 AM
 #13397

That Overstock/XCP alliance might end up being hard to execute...may face some regulatory hurdles...definitely some possible stumbling blocks.

BUT...if they do what they are trying to do, it could also completely revolutionize financial markets.  I mean, it could be THE big thing.  It could legitimize some of the bitcoin-is-the-internet-of-money, or at least blockchain-is-the-internet-of-money commentary we've heard.

I thought this article was good because even I could follow it: http://www.wired.com/2014/10/overstock-com-assembles-coders-build-bitcoin-like-stock-market/

I'm a little surprised some of the other alts haven't gone up in sympathy with XCP, especially BTM (disclosure: I do own about 1 BTC worth)

Edit: looks like Doge has taken that ride up...microtransactions FTW?  Which is part of why I thought BTM might.

I could definitely see something like btm catching on around the Internet in the future.
cbeast
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Let's talk governance, lipstick, and pigs.


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October 07, 2014, 05:18:08 AM
 #13398

So if the stock market becomes decentralized, what will that do to the HFT industry? Will they become miners?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
cypherdoc
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October 07, 2014, 10:09:04 AM
 #13399

Andreesen cranking it ;

http://mobile.businessweek.com/news/2014-10-07/andreessen-on-finance-we-can-reinvent-the-entire-thing
kehtolo
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October 07, 2014, 10:44:23 AM
 #13400


This has made me feel even more bullish now, thanks!

The next 24 hours are critical!
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