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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1997143 times)
dEBRUYNE
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October 16, 2014, 10:19:02 AM
 #13941

Stocks are up and down like yoyo, ending on a predictable enough rebound.

Gold is up a few dollars

Bitcoin is relatively flat, also a few dollars down.

This is just an uncomfortable pause while everyone waits to see if the not- so- invisible- hand can continue to control the confidence of the market.


AEX (dutch) is down again today. Around 3%. It has lost over 13% already since the top last month.

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October 16, 2014, 10:25:17 AM
 #13942

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, but you could just as well say that we don't need on demand deposit accounts.

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October 16, 2014, 10:28:23 AM
 #13943

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).


First they need to show that end of the current QE wreaks havoc, then a new QE can be introduced.

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October 16, 2014, 10:32:05 AM
 #13944

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

What is your excuse to regard bitcoin volatility as relevant for anything?


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October 16, 2014, 10:43:27 AM
 #13945

bloody

http://www.zerohedge.com/news/2014-10-16/everything-breaks-again-futures-tumble-peripheral-yields-soar-greek-bonds-crater
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October 16, 2014, 11:21:16 AM
 #13946

Dow futures -200

 Grin
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October 16, 2014, 11:45:12 AM
 #13947

this is an incredibly weak bounce for silver and bodes poorly for gold and the stock mkt.  looking to reload the shorts somewhere around here.  i only pause b/c we have a weekly/intermed term buy signal on gold that will occur only at the end of this week which should be good for somemore upside from here.  dicey:



yep, Dow futures ain't lookin so good. my short term setup indicates even more downside to come in the next days.  but as always, look out for the invisible hand!:

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October 16, 2014, 11:56:38 AM
 #13948

hit sub 80 oil.  amazing charade ya got going there, Fed!

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October 16, 2014, 12:00:04 PM
 #13949

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October 16, 2014, 04:05:41 PM
 #13950

https://twitter.com/JustusRanvier/status/522779720794914816
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Bitcoin replaces central, not commercial, banks


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October 16, 2014, 04:30:52 PM
 #13951

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).


First they need to show that end of the current QE wreaks havoc, then a new QE can be introduced.


http://www.bloomberg.com/news/2014-10-16/bullard-says-fed-should-consider-delay-in-ending-qe.html

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
lebing
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Enabling the maximal migration


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October 16, 2014, 04:43:26 PM
 #13952


that is pure evil  Angry

Bro, do you even blockchain?
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October 16, 2014, 04:50:16 PM
 #13953

worth watching for gold bugs:
https://www.youtube.com/watch?v=Ro6JUChxtF4

gentlemen, gold revaluation is coming.

"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."
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October 16, 2014, 04:55:44 PM
 #13954


When who does what? Ah I see, my phone app doesn't show full convo.
cypherdoc
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October 16, 2014, 05:08:23 PM
 #13955


but i agree with him.

plus, anyone leaving coins on an exchange deserves to lose them.
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October 16, 2014, 05:12:10 PM
 #13956

worth watching for gold bugs:
https://www.youtube.com/watch?v=Ro6JUChxtF4

gentlemen, gold revaluation is coming.

i used to listen to Willie religiously.  unfortunately, he's too gloom and doom with lots of unsubstantiated sources ala his London guy.
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October 16, 2014, 05:13:21 PM
 #13957


haha, your question actually has merit.  who's the real devil?  the lender, the shorter, or the exchange enabler?
cypherdoc
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October 16, 2014, 05:31:34 PM
 #13958

plus, anyone leaving coins on an exchange deserves to lose them.

I don't know if I would go so far as to say, "deserves".

The scantily clad woman walking down the "wrong side of the tracks" in the middle of the night doesn't deserve to get raped. Yet... at the same time, she had better adjust her behavior before something bad happens to her, because she is playing with fire.

There are shit people on the planet, that's a fact. Innocent people don't deserve the bad shit that happens to them, but they certainly play a key role in it by refusing to protect themselves. When we (those who do protect ourselves) point out their failure, we are labelled as "blaming the victim".

In today's global economy, those who protect themselves can still end up as victims thanks to the actions (or inactions) of those who don't. This is when it starts to get complicated.

Are people shorting this market with bitcoins which "belong" to others? Probably.

Should people be free to make stupid decisions? Yes!

How do we protect ourselves from the stupid decisions of others in a global economy? That's the tricky part and probably why many of us are involved with Bitcoin in the first place. I wish I had all the answers.



yeah, that was written out of emotion.
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October 16, 2014, 05:33:37 PM
 #13959

When who does what? Ah I see, my phone app doesn't show full convo.
For clarity:

https://twitter.com/JustusRanvier/status/522779303088377857
https://twitter.com/JustusRanvier/status/522779720794914816

iCEBREAKER
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October 16, 2014, 06:50:42 PM
 #13960

worth watching for gold bugs:
https://www.youtube.com/watch?v=Ro6JUChxtF4

gentlemen, gold revaluation is coming.

i used to listen to Willie religiously.  unfortunately, he's too gloom and doom with lots of unsubstantiated sources ala his London guy.

I didn't listen when said to only buy physical and avoid PM stocks.  WHOOPS!

His gloom and doom are nothing if not entertaining, like the thinking man's Alex Jones.  Especially when he gets all worked up and rants like Max Kaiser!   Cheesy

The newsletter is pretty good too, although mostly a recap of the last 30 days of ZeroHedge.

Fringe conspiranoia aside, The Golden Jackass is easily worth 10 Martin Armstrongs. 

I offered a free sample, but he has zero interest in BTC.   Sad


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