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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1807633 times)
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"Cut Your Loose"


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December 16, 2014, 07:51:07 PM
 #18821

cypher, I just converted the Rubel price (on btc-e) to USD and found out it's nearly 10% lower than on the USD exchanges. What sort of arbitrage are you talking about?

this arbitrage will not stand:



"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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December 16, 2014, 07:57:14 PM
 #18822


So does he:

http://video.cnbc.com/gallery/?video=3000338571
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December 16, 2014, 08:18:12 PM
 #18823

cypher, I just converted the Rubel price (on btc-e) to USD and found out it's nearly 10% lower than on the USD exchanges. What sort of arbitrage are you talking about?

this arbitrage will not stand:



the Ruble has been plunging.  i wasn't thinking in terms of USD's altho you're right in terms of strict arbitrage opportunities maybe being limited as a result of the volatility and uncertainty of the Ruble.  just the relative movements of the price charts, which usually move together, should create some opportunity over time.  we'll see.
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Bitcoin replaces central, not commercial, banks


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December 16, 2014, 08:41:19 PM
 #18824

Good or bad there's been a fair share of Bitcoin talk in the media lately. If you're one to keep track of the "bitcoin" word on Twitter there seems to be an unusual amount of Bitcoin related tweets today.

Even more encouraging is we've reached this stage where people are calling the death of Bitcoin all while the world's fiat economy is in the shitter.

This rally is gonna be glorious.

"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
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December 16, 2014, 08:41:24 PM
 #18825

Dow & Transports now gone negative after this mornings ludicrous ramp.  typical stuff.  look the hell out.

RunToBitcoin.
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December 16, 2014, 08:54:37 PM
 #18826

oh yes, i love the smell of fear:

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December 16, 2014, 08:55:20 PM
 #18827

Good or bad there's been a fair share of Bitcoin talk in the media lately. If you're one to keep track of the "bitcoin" word on Twitter there seems to be an unusual amount of Bitcoin related tweets today.

Even more encouraging is we've reached this stage where people are calling the death of Bitcoin all while the world's fiat economy is in the shitter.

This rally is gonna be glorious.

Google trends looks like it may be turning the corner.  We shall see: http://www.google.com/trends/explore#q=bitcoin&cmpt=q

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
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December 16, 2014, 08:56:26 PM
 #18828

escalator up, elevator down.

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December 16, 2014, 09:03:53 PM
 #18829

who's the next Fed idiot to come out and whisper, "QE".
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100 satoshis -> ISO code


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December 16, 2014, 09:13:08 PM
 #18830

who's the next Fed idiot to come out and whisper, "QE".

They don't need QE anymore, they have the FDIC backstopping Wall Street's derivatives positions. Endless supply of Fed money can be laundered through the FDIC.

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December 16, 2014, 09:14:26 PM
 #18831

who's the next Fed idiot to come out and whisper, "QE".

have to say this: QE is much better than this 80% lost bitscam scheme

nah.  your dollars are devaluing everyday.
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December 16, 2014, 09:17:30 PM
 #18832

who's the next Fed idiot to come out and whisper, "QE".

have to say this: QE is much better than this 80% lost bitscam scheme

got in late did ya chump?

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December 16, 2014, 09:21:09 PM
 #18833

who's the next Fed idiot to come out and whisper, "QE".

have to say this: QE is much better than this 80% lost bitscam scheme

got in late did ya chump?

the key thing here is that w/o question, fiat currencies worldwide are starting to fail.  the Ruble, peso, real, etc.  right now, they're fleeing to USD out of habit and ignorance.  

but with time and education, Bitcoin should skyrocket.
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December 16, 2014, 09:26:49 PM
 #18834

i think this is a new Wences video:

http://www.academybridge.org/?video_listing=bitcoin-risk
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December 16, 2014, 09:28:51 PM
 #18835

from zerohedge:

this might be getting serious

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December 16, 2014, 09:30:05 PM
 #18836

who's the next Fed idiot to come out and whisper, "QE".

have to say this: QE is much better than this 80% lost bitscam scheme

nah.  your dollars are devaluing everyday.

nah, not so much as your yearly 80% lost bitcorns

i can tell you're a newb.

most of us in this thread bought well before 2012.  sorry dude.
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December 16, 2014, 09:41:22 PM
 #18837


i can tell you're a newb.

most of us in this thread bought well before 2012.  sorry dude.

Yeah, unfortunately I spent most of my pre-2012 BTC on pizza  Tongue
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December 16, 2014, 09:58:31 PM
 #18838

right now, they're fleeing to USD out of habit and ignorance.
Is there any actual fleeing into the USD going on right now, or are we seeing the debt repayment-induced deflation, that had been previously masked by QE?
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December 16, 2014, 10:05:45 PM
 #18839

right now, they're fleeing to USD out of habit and ignorance.
Is there any actual fleeing into the USD going on right now, or are we seeing the debt repayment-induced deflation, that had been previously masked by QE?

there's been several articles the past few days indicating fleeing.
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December 16, 2014, 10:05:59 PM
 #18840

Good or bad there's been a fair share of Bitcoin talk in the media lately. If you're one to keep track of the "bitcoin" word on Twitter there seems to be an unusual amount of Bitcoin related tweets today.

Even more encouraging is we've reached this stage where people are calling the death of Bitcoin all while the world's fiat economy is in the shitter.

This rally is gonna be glorious.

Google trends looks like it may be turning the corner.  We shall see: http://www.google.com/trends/explore#q=bitcoin&cmpt=q

Personally I think looking at bitcoin interest during the quiet non-speculative bubble periods is a good representation on how the bitcoin ecosystem is growing.

Looking at the Google trend link above you can see the bubbles from June 2011, April 2013 and December 2013. Between these peaks you can see bitcoin interest during the "steady state" when the price was relatively stable and bitcoin is used more as a currency than as a speculative asset. Here is Google's bitcoin interest during these 3 steady state periods (relative to the peak during Dec 2013 as 100)
- August 2012 -> 4
- August 2013 -> 16
- August 2014 -> 23

We had huge growth from 2012 to 2013 in bitcoin interest (4x), but over the past year bitcoin interest less than doubled. Still up, but not the exponential growth you'd expect. Of course there could be other factors at work such as more bitcoin news aggregation sites that people go to by default instead of searching google (i.e. going to redit /r/bitcoin instead Google search)

Not sure what to make of this, but thought it was interesting regardless. Google is only one data point, # of transactions and # of companies offering products are others.

It's quite likely growth will not be steady, but come in spurts.
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