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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2010314 times)
Melbustus
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October 15, 2014, 05:19:24 PM
 #13881

Bitcoin compares to fiat base money; notes and cons.
...


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
 #13882

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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cypherdoc
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October 15, 2014, 05:19:49 PM
 #13883

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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October 15, 2014, 05:21:25 PM
 #13884

Dow -415, Bitcoin holding beautifully.
cypherdoc
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October 15, 2014, 05:23:04 PM
 #13885

Melbustus
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October 15, 2014, 05:26:38 PM
 #13886

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.
Cryptoasset rankings and metrics for investors: http://onchainfx.com
vuduchyld
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October 15, 2014, 05:29:15 PM
 #13887

Bitcoin compares to fiat base money; notes and cons.
...


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
cypherdoc
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October 15, 2014, 05:29:15 PM
 #13888

Dow -458

that's not gut neither.
cypherdoc
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October 15, 2014, 05:31:25 PM
 #13889

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.
vuduchyld
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October 15, 2014, 05:33:23 PM
 #13890

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.

cypherdoc
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October 15, 2014, 05:33:26 PM
 #13891

wut is everybody worried about?

cypherdoc
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October 15, 2014, 06:08:22 PM
 #13892

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  Cheesy

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...

we've crossed 16000 five times today.  we'll probably finish up over 16000 for a sixth time with an end of the day towering ramp, if i had to guess.
cypherdoc
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October 15, 2014, 06:47:33 PM
 #13893

every Bitcoiner who's had to endure the "volatility" argument surrounding Bitcoin over the last few years needs to take this opportunity to shove that same argument regarding the stock mkt back into the face of whoever said that to you.
cypherdoc
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October 15, 2014, 06:51:03 PM
 #13894

16000 crossed 7x today.
NotLambchop
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October 15, 2014, 06:55:02 PM
 #13895

every Bitcoiner who's had to endure the "volatility" argument surrounding Bitcoin over the last few years needs to take this opportunity to shove that same argument regarding the stock mkt back into the face of whoever said that to you.

Lol, the DOW moves < 3% in one day ==> OMG VOLATILITY!!!
Bitcoin moves > 5% on the same day ==> sideways trading...

Keep trying Cheesy
cypherdoc
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October 15, 2014, 06:59:10 PM
 #13896

every Bitcoiner who's had to endure the "volatility" argument surrounding Bitcoin over the last few years needs to take this opportunity to shove that same argument regarding the stock mkt back into the face of whoever said that to you.

Lol, the DOW moves < 3% in one day ==> OMG VOLATILITY!!!
Bitcoin moves > 5% on the same day ==> sideways trading...

Keep trying Cheesy

Bitcoin is only 5.5 yo.

the Dow is over 100 yo.  what's your excuse?
lebing
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October 15, 2014, 07:11:51 PM
 #13897

every Bitcoiner who's had to endure the "volatility" argument surrounding Bitcoin over the last few years needs to take this opportunity to shove that same argument regarding the stock mkt back into the face of whoever said that to you.

Lol, the DOW moves < 3% in one day ==> OMG VOLATILITY!!!
Bitcoin moves > 5% on the same day ==> sideways trading...

Keep trying Cheesy

Bitcoin is only 5.5 yo.

the Dow is over 100 yo.  what's your excuse?

just ignore the troll cypher. Not worth your energy.

Bro, do you even blockchain?
-E Voorhees
sidhujag
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October 15, 2014, 07:15:14 PM
 #13898

every Bitcoiner who's had to endure the "volatility" argument surrounding Bitcoin over the last few years needs to take this opportunity to shove that same argument regarding the stock mkt back into the face of whoever said that to you.

Lol, the DOW moves < 3% in one day ==> OMG VOLATILITY!!!
Bitcoin moves > 5% on the same day ==> sideways trading...

Keep trying Cheesy

Bad comparison. Look at market caps... if they were equal > 5% wouldn't happen.

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NotLambchop
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October 15, 2014, 07:23:48 PM
 #13899

every Bitcoiner who's had to endure the "volatility" argument surrounding Bitcoin over the last few years needs to take this opportunity to shove that same argument regarding the stock mkt back into the face of whoever said that to you.

Lol, the DOW moves < 3% in one day ==> OMG VOLATILITY!!!
Bitcoin moves > 5% on the same day ==> sideways trading...

Keep trying Cheesy

Bitcoin is only 5.5 yo.

the Dow is over 100 yo.  what's your excuse?

Excuse?!  The level of insanity in this thread...
I don't pimp DOW, i don't feel any need to make up excuses for it as you do for Bitcoin.
But hey, if Bitcoin's not mature enough, point taken.  I'll consider it an investment once it matures Smiley
cypherdoc
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October 15, 2014, 07:26:08 PM
 #13900

16000 crossed 9x today.
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