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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1981314 times)
msin
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December 16, 2014, 12:42:59 AM
 #18761

The more people are paid in BTC for services, employment, etc. the higher the price of BTC will go.
They have to be paid in BTC, and they have to save in BTC.

Otherwise it won't work.

Yes, exactly, if they are paid in BTC, save their BTC, it will create an extremely scarce market.

If I can dodge a LambShop for a second (becoming increasingly rabid of late I notice), this is exactly what all the 'permabulls' see as being almost inevitable. Eventually everything will be in BTC. Then the USD/BTC price becomes irrelevant, apart from roughly what it was just before everyone went full crypto.

5 years ago nobody could even imagine a world where money was anything other than what it currently was. Fast forward and there is a massive groundswell of people who now see what it could be.

You either see it and panic you are too late, or you don't see it and think you can make a few "oldbucks" off the rubes by out-trading them.

Call me a rube, I'm going all the way. Once it resumes its uptrend above the last ATH I'll skim as a hedge (even though my gut tells me not to bother, my math tells me I should) [thats my "full disclosure"]

Still one the most insanely +EV binary bets I have ever come across.  

I agree, although I don't know if it's inevitable.  When you start to see companies paying their employees in BTC, then you should really hold on to your precious BTC. 
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cypherdoc
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December 16, 2014, 02:39:39 AM
 #18762

what's happening in Russia is fascinating:



going Bitcoin could make some sense to take the pressure off:



http://www.nytimes.com/2014/12/16/upshot/vladimir-putin-vs-the-currency-markets-what-to-know-about-the-rubles-collapse.html?_r=0&abt=0002&abg=1
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December 16, 2014, 02:41:33 AM
 #18763

where is BTC-e? breaking out:

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December 16, 2014, 04:11:55 AM
 #18764

junk is junk:

cypherdoc
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December 16, 2014, 04:14:36 AM
 #18765

stocks plunging round the world
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December 16, 2014, 04:22:55 AM
 #18766

LukeJr's at it again:

http://www.reddit.com/r/Bitcoin/comments/2pfgjg/exposed_lukejr_plans_on_forcing_blacklists_on_all/
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December 16, 2014, 04:26:29 AM
 #18767


he's getting destroyed with downvotes.
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100 satoshis -> ISO code


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December 16, 2014, 04:28:53 AM
 #18768


Last time he apologized and explained his error. How many times can he do that?

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December 16, 2014, 04:43:46 AM
 #18769


he'll never change.  so i guess for as long as he's around.
smoothie
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LEALANA Monero Physical Silver Coins


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December 16, 2014, 04:44:07 AM
 #18770


Lukey-boy still at his antics.

No surprise there.  Roll Eyes

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cypherdoc
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December 16, 2014, 01:04:21 PM
 #18771

At some point this has to come into play:

http://imgur.com/M03nbwM
cypherdoc
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December 16, 2014, 01:07:03 PM
 #18772

As does this:

http://imgur.com/rqHre4I
cypherdoc
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December 16, 2014, 01:13:44 PM
 #18773

Our time is coming: be patient.

http://www.zerohedge.com/news/2014-12-16/usdrub-pair-will-be-discontinued-due-recent-instability-russian-ruble
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December 16, 2014, 01:19:09 PM
 #18774


Volume is really low,

Though my current market sentiments agrees to your opinion.
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December 16, 2014, 02:17:33 PM
 #18775


Volume is really low,

Though my current market sentiments agrees to your opinion.

Look at BTC-e with volume in currency
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December 16, 2014, 02:21:32 PM
 #18776


I prefer the chart of localbitcoins:


Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
cypherdoc
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December 16, 2014, 02:33:57 PM
 #18777

Collapsing oil means collapsing economy for me until proven otherwise.
cypherdoc
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December 16, 2014, 03:28:58 PM
 #18778

Time fricking Magazine! Shocked
cypherdoc
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December 16, 2014, 03:34:25 PM
 #18779

Now that has to be disappointing:

http://imgur.com/yh4LyxR
NotLambchop
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December 16, 2014, 03:45:33 PM
 #18780

Time fricking Magazine! Shocked

Can't be as bad as

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