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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032138 times)
Adrian-x
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October 07, 2014, 07:12:35 PM
 #13441

nice graph from Pantera.  Bitcoin continuing to gain on altscams:

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf






This is my new favorite chart.

you see that dip in march, that's my alt portfolio right there. (not my volume, just the following depreciation)  Smiley

I'm thinking the same thing is going to happen during the next run up.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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cypherdoc (OP)
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October 07, 2014, 07:22:56 PM
 #13442

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October 07, 2014, 07:34:29 PM
 #13443

the great thing about the Blockchain.info investment is that of all the wallets and exchanges out there, blockchain.info adheres most closely to the founding principles of Satoshi and Bitcoin. headed by Roger Ver, you just know that blockchain.info will never do anything to compromise the original Bitcoin vision; that of privacy (tumbling), personal handling of keys, safety, and great development. they even pay all their employees in Bitcoin negating the need for banks.

I wouldn't bet on this. The investors have a say in things and the "philosophy" of blockchain.info could change over time.


PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Melbustus
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October 07, 2014, 08:02:04 PM
 #13444

the great thing about the Blockchain.info investment is that of all the wallets and exchanges out there, blockchain.info adheres most closely to the founding principles of Satoshi and Bitcoin. headed by Roger Ver, you just know that blockchain.info will never do anything to compromise the original Bitcoin vision; that of privacy (tumbling), personal handling of keys, safety, and great development. they even pay all their employees in Bitcoin negating the need for banks.

I wouldn't bet on this. The investors have a say in things and the "philosophy" of blockchain.info could change over time.




IIRC, Roger owned a controlling stake in Blockchain about a year ago. He's obviously pretty savvy, so I hope he's been able to maintain such a stake. It's not impossible: Zuck still owns >50% of the voting rights for Facebook shares, even though he owns <30% of the equity (again, IIRC).

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
cypherdoc (OP)
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October 07, 2014, 08:16:41 PM
 #13445

Dow -272 ouch
cypherdoc (OP)
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October 07, 2014, 08:19:37 PM
 #13446

RUT breakdown. i've been warning about this for months:

sgbett
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October 07, 2014, 08:24:19 PM
 #13447

RUT breakdown. i've been warning about this for months:


small caps first to lose confidence? the canary in the coal mine?

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
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cypherdoc (OP)
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October 07, 2014, 08:48:15 PM
 #13448

RUT breakdown. i've been warning about this for months:


small caps first to lose confidence? the canary in the coal mine?

kodtycoon
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October 07, 2014, 09:46:13 PM
 #13449

RUT breakdown. i've been warning about this for months:


small caps first to lose confidence? the canary in the coal mine?


repeat of 2008 x10 incoming?

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hdbuck
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October 07, 2014, 09:58:56 PM
 #13450

the great thing about the Blockchain.info investment is that of all the wallets and exchanges out there, blockchain.info adheres most closely to the founding principles of Satoshi and Bitcoin. headed by Roger Ver, you just know that blockchain.info will never do anything to compromise the original Bitcoin vision; that of privacy (tumbling), personal handling of keys, safety, and great development. they even pay all their employees in Bitcoin negating the need for banks.

I wouldn't bet on this. The investors have a say in things and the "philosophy" of blockchain.info could change over time.




I've met nick carry once for a beer and he seemed very attached to his principles.
Not dealing with banks and user privacy are immuable priorities for blockchain.info.
Otherwise they would just fall as some random bitcoin service.
ErisDiscordia
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October 07, 2014, 10:44:10 PM
 #13451

so do we finally get a stock market crash? I still can't believe for how many years the feds managed to prop it up. Would be nice for it to coincide with a Bitcoin reversal.

It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
rocks
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October 07, 2014, 10:47:58 PM
 #13452

RUT breakdown. i've been warning about this for months:


small caps first to lose confidence? the canary in the coal mine?
repeat of 2008 x10 incoming?

It doesn't have to be a x10 repeat, just a x1 repeat will cause a disruption at a historical level.

The difference this time is CBs worldwide already have the petal to the metal. Rates are already zero bound with almost a decade of ZIRP with negative real rates, while at the same time they have printed a historical amount of money ($85B/month or $1.05T/yr) increasing M0 by several hundred percent.

If there is another downturn it will be the first time there has been a downturn during a period where the tools CBs traditionally use are already turned on, which leaves little extra to pump into the system. Regardless of what we call it, the response can only be massive default on our historical levels of debt. Either honestly through default or dishonestly through significantly more monetary inflation.
BlindMayorBitcorn
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October 07, 2014, 11:03:22 PM
 #13453

nice graph from Pantera.  Bitcoin continuing to gain on altscams:

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf






This is my new favorite chart.

you see that dip in march, that's my alt portfolio right there. (not my volume, just the following depreciation)  Smiley

I'm thinking the same thing is going to happen during the next run up.

This is legitimately good news. I hate altscams

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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October 07, 2014, 11:44:54 PM
 #13454

Recently discovered this thread to be the most interesting and meaningful in the forum. Nice signal to noise ratio.

Thanks Cypher&Co.  Wink
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October 08, 2014, 12:15:08 AM
 #13455

nice graph from Pantera.  Bitcoin continuing to gain on altscams:

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf






This is my new favorite chart.

you see that dip in march, that's my alt portfolio right there. (not my volume, just the following depreciation)  Smiley

I'm thinking the same thing is going to happen during the next run up.

This is legitimately good news. I hate altscams

Very true... Everyone is realizing alt coins are a scam anyway. If we just all stuck to BTC I bet the price would be a lot higher & it would have way more attention from the media and others in the financial industry
cypherdoc (OP)
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October 08, 2014, 12:29:52 AM
Last edit: October 08, 2014, 12:41:19 AM by cypherdoc
 #13456

Recently discovered this thread to be the most interesting and meaningful in the forum. Nice signal to noise ratio.

Thanks Cypher&Co.  Wink

but you have to promise to allow me to get into the occasional food fight with the trolls.  they are what give me my inspiration.
FNG
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October 08, 2014, 12:52:21 AM
 #13457

https://cdn.panteracapital.com/wp-content/uploads/Bitcoin-vs-Gold.pdf
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October 08, 2014, 12:57:50 AM
 #13458


I love Bitcoin, but it seems they might love it even more than I do.  Wow.  

Edit: market cap potential of $75 trillion?  I think the S&P 500 passed $15 trillion last year, which would still put it at probably less than $17 trillion in cap. 
tvbcof
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October 08, 2014, 01:06:50 AM
 #13459

Recently discovered this thread to be the most interesting and meaningful in the forum. Nice signal to noise ratio.

Thanks Cypher&Co.  Wink

but you have to promise to allow me to get into the occasional food fight with the trolls.  they are what give me my inspiration.

Dude, don't fool yourself; you are one of the biggest trolls around.  Some of my favorite people on this site are inveterate trolls.  And some of those who are the most relevant and worth paying attention to I might add.  You being one of them for sure.


sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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October 08, 2014, 01:17:32 AM
 #13460

Recently discovered this thread to be the most interesting and meaningful in the forum. Nice signal to noise ratio.

Thanks Cypher&Co.  Wink

but you have to promise to allow me to get into the occasional food fight with the trolls.  they are what give me my inspiration.

Dude, don't fool yourself; you are one of the biggest trolls around.  Some of my favorite people on this site are inveterate trolls.  And some of those who are the most relevant and worth paying attention to I might add.  You being one of them for sure.



tvbcof and cypher

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