cypherdoc (OP)
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October 15, 2014, 02:22:01 PM |
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cypherdoc (OP)
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October 15, 2014, 04:12:08 PM |
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this doesn't look so good:  |
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protokol
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October 15, 2014, 04:49:02 PM |
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Dow just dropped to <15900, this is nuts. I've made a little money shorting, but not as much as I should have - the crazy volatility keeps giving me cold feet  |
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cypherdoc (OP)
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October 15, 2014, 04:51:05 PM |
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Dow just dropped to <15900, this is nuts. I've made a little money shorting, but not as much as I should have - the crazy volatility keeps giving me cold feet it gets REALLY bad. take it from someone who day traded the 2007-9 crash. and they told us traditional financial markets were stable.  |
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cypherdoc (OP)
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October 15, 2014, 04:53:54 PM |
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Dow just dropped to <15900, this is nuts. I've made a little money shorting, but not as much as I should have - the crazy volatility keeps giving me cold feet whatever you do, don't put stops @16000. they will criss cross that level many times to take you out. |
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Ivanhoe
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October 15, 2014, 04:59:19 PM |
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Got squeezed just before the top..... sucks a lot
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cypherdoc (OP)
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October 15, 2014, 05:02:40 PM |
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Dow -356
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protokol
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October 15, 2014, 05:05:39 PM |
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Dow just dropped to <15900, this is nuts. I've made a little money shorting, but not as much as I should have - the crazy volatility keeps giving me cold feet whatever you do, don't put stops @16000. they will criss cross that level many times to take you out. Cheers for the advice. Yeah I bet it was truly nail-biting trading during the big crash... Do you think we'll see a bottom in the stocks soon, or could we be gearing up for another monumental correction/crash? Anyone's guess I suppose... |
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cypherdoc (OP)
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October 15, 2014, 05:09:27 PM |
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Dow just dropped to <15900, this is nuts. I've made a little money shorting, but not as much as I should have - the crazy volatility keeps giving me cold feet whatever you do, don't put stops @16000. they will criss cross that level many times to take you out. Cheers for the advice. Yeah I bet it was truly nail-biting trading during the big crash... Do you think we'll see a bottom in the stocks soon, or could we be gearing up for another monumental correction/crash? Anyone's guess I suppose... anyone's guess: true dat. i'd be worried. there are alot of convergences coming together. we're due, cycle-wise.  |
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Melbustus
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October 15, 2014, 05:19:24 PM |
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Bitcoin compares to fiat base money; notes and cons.
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It's more like M2: base money (which is notes and coins, plus bank reserves) plus most types of bank/money-market account balances. In a bitcoin economy, you can't really create new on-blockchain bitcoin through fractional reserve, so the purchasing power of all bitcoin would have to more or less match the purchasing power held directly as the economy's unit-of-account in liquid or short-term form (ie, bank accounts), all else being equal. This is muddied by a number of factors, including the fact that *some* fractional reserve would still be possible (just not as much, cuz people would demand to see on-blockchain coin before leverage got too crazy), but I think this is roughly the right way to think about the equivalence. |
Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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TonyT
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October 15, 2014, 05:19:43 PM |
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Reading this thread, you'd think the market was having a dull day. Then I check out the DJIA, and see WOW! it's down almost 400 points today!
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TonyT
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cypherdoc (OP)
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October 15, 2014, 05:19:49 PM |
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Dow -407
note how the commodity space and oil have indeed been telegraphing this move. and i'll say again that gold and silver have been leading as well since 2011.
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cypherdoc (OP)
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October 15, 2014, 05:21:25 PM |
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Dow -415, Bitcoin holding beautifully.
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cypherdoc (OP)
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October 15, 2014, 05:23:04 PM |
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Melbustus
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October 15, 2014, 05:26:38 PM |
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Dow -415, Bitcoin holding beautifully.
When does the QE effect inflect? The Fed can't come out with QE4 without signaling an extreme lack of confidence in markets. At some point, that signaling will overwhelm any technical boost in asset prices that the liquidity would otherwise bring (ie, banks will just sit on the funds instead of bidding up the stock market). |
Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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vuduchyld
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October 15, 2014, 05:29:15 PM |
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Bitcoin compares to fiat base money; notes and cons.
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It's more like M2: base money (which is notes and coins, plus bank reserves) plus most types of bank/money-market account balances. In a bitcoin economy, you can't really create new on-blockchain bitcoin through fractional reserve, so the purchasing power of all bitcoin would have to more or less match the purchasing power held directly as the economy's unit-of-account in liquid or short-term form (ie, bank accounts), all else being equal. This is muddied by a number of factors, including the fact that *some* fractional reserve would still be possible (just not as much, cuz people would demand to see on-blockchain coin before leverage got too crazy), but I think this is roughly the right way to think about the equivalence. yes yes yes yes yes |
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cypherdoc (OP)
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October 15, 2014, 05:29:15 PM |
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Dow -458
that's not gut neither.
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cypherdoc (OP)
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October 15, 2014, 05:31:25 PM |
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Dow -415, Bitcoin holding beautifully.
When does the QE effect inflect? The Fed can't come out with QE4 without signaling an extreme lack of confidence in markets. At some point, that signaling will overwhelm any technical boost in asset prices that the liquidity would otherwise bring (ie, banks will just sit on the funds instead of bidding up the stock market). well, that's the rub, isn't it? which is why Bitcoin was devised in the first place; to skirt this problem. |
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vuduchyld
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October 15, 2014, 05:33:23 PM |
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Dow -415, Bitcoin holding beautifully.
When does the QE effect inflect? The Fed can't come out with QE4 without signaling an extreme lack of confidence in markets. At some point, that signaling will overwhelm any technical boost in asset prices that the liquidity would otherwise bring (ie, banks will just sit on the funds instead of bidding up the stock market). I agree...they have propped it up just about as much as possible. It has been levitating. Looking at earnings, it can't stay above the trendline P/E forever.  |
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cypherdoc (OP)
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October 15, 2014, 05:33:26 PM |
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wut is everybody worried about?  |
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