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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2009291 times)
iCEBREAKER
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January 19, 2015, 06:46:09 AM
 #20321

Its finally starting to dawn on people. Buy the fricking coin!:

http://signal-hub.com/2014/12/30/the-paradox-of-investing-in-bitcoin-startups/

This works because we have a real world example of how:  gold

But, but, but...direct exposure isn't anywhere near sufficient to satisfy my greed, so great is my avarice and desire to Get Rich Quick.

I demand LEVERAGE on extreme risk.  Morphine is boring; give me Fentanyl or GTFO.

Now where did those TBT and ZSL options go...?

*OH SHIT*

 Cry


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
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iCEBREAKER
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January 19, 2015, 06:48:39 AM
 #20322


Changetip is so December 2014.

Tippero supports Monero+Gambling

/DiSRUPT


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
sickpig
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January 19, 2015, 11:35:05 AM
 #20323

so what the hell is this all about and how does this correlate with what somewhat else said the other day about Adam backing out of the SC debate with Peter Todd?



from Adam's twitter stream:

https://twitter.com/adam3us/status/556462951507714049

Quote from: @adam3us
Apologies to @btcusa & TNABC attendees: late cancel due to hospital visit of family member. All ok, but couldn't travel under circumstances.

p.s. you do have a big screen @cypher, don't you? Smiley


Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
Ayle56
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January 19, 2015, 04:37:52 PM
 #20324

so what the hell is this all about and how does this correlate with what somewhat else said the other day about Adam backing out of the SC debate with Peter Todd?



from Adam's twitter stream:

https://twitter.com/adam3us/status/556462951507714049

Quote from: @adam3us
Apologies to @btcusa & TNABC attendees: late cancel due to hospital visit of family member. All ok, but couldn't travel under circumstances.

p.s. you do have a big screen @cypher, don't you? Smiley



That's too convenient, it sounds like a weak excuse to me.
cypherdoc
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January 19, 2015, 04:44:44 PM
 #20325

Over the summer, I called for this latest dollar rally as the price of oil was  dropping. I've strongly made the case for deflation a long time as well as hinted by rising UST's.  After the SNB did its thing the other day I mentioned to watch the dollar. This guy agrees. This is based on the fact that theUS  was lucky to geta  rally in both during the last crisis. I doubt it happens the same way this time around :

http://www.zerohedge.com/news/2015-01-16/about-strong-dollar
Its ez to call a dollar rally after its already confirmed ive been saying it since 2011 2012.. and the currency wars dont help.. all snb did was reassure us that central banks need to change to consensus

last summer was clearly the optimal time to go long the dollar:



The writing on the wall was clear years ago.. just looks good in hindsight like it would have for me if it happened last year. There was nothing special about last summer that changed fundamentals other than nudge the dollar up at a faster pace.. best time to accumulate is when noone is looking

I seem to recall you kept calling usd tops while I said its just getting started yet now you claimed that youve been calling for this since last summer?

yep.  here's the original quote of AEP which was around the time i began calling for the USD rally last summer.  since that time, i have been consistent about showing, via multiple $DXY charts here in this thread, how the dollar has been progressively breaking thru resistance levels during the rise, the result of which was deflation, which i think many now acknowledge is the predominant macroeconomic theme occurring worldwide.  additional evidence i've presented has been the drop in oil and other commodities, as well as the drop in foreign stock mkts worldwide.  the deflation call in itself is an itself is a big deal as many mistakenly believe, esp goldbugs, that inflation is the predominant theme, which is why they invest in gold to begin with.  i think that is a mistake.  further evidence of this dynamic, which i've consistently charted, is the persistent rise of TLT, the gvt black hole shit chart.  it is sucking all productive capital into itself, much like Japan has done for decades in their deflationary spiral, all based on the belief that the gvt can tax the hell out of its citizens to pay back debts.  this is deflationary.

Bitcoin holds the potential to actually improve the financial system via efficiency and sound money globally and perhaps pull us out of this deflationary spiral.  this is why i am so bullish on its prospects.

here's the quote:

http://mcalvanyweeklycommentary.com/

Ambrose Pritchard Evans @ 44min:

"major, major dollar rally".
sickpig
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January 19, 2015, 04:45:05 PM
 #20326

so what the hell is this all about and how does this correlate with what somewhat else said the other day about Adam backing out of the SC debate with Peter Todd?

from Adam's twitter stream:

https://twitter.com/adam3us/status/556462951507714049

Quote from: @adam3us
Apologies to @btcusa & TNABC attendees: late cancel due to hospital visit of family member. All ok, but couldn't travel under circumstances.

p.s. you do have a big screen @cypher, don't you? Smiley



That's too convenient, it sounds like a weak excuse to me.

Could be anything, of course. As general rule I tend to apply Occam's razor, though.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
cypherdoc
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January 19, 2015, 04:47:59 PM
 #20327

so what the hell is this all about and how does this correlate with what somewhat else said the other day about Adam backing out of the SC debate with Peter Todd?



from Adam's twitter stream:

https://twitter.com/adam3us/status/556462951507714049

Quote from: @adam3us
Apologies to @btcusa & TNABC attendees: late cancel due to hospital visit of family member. All ok, but couldn't travel under circumstances.

p.s. you do have a big screen @cypher, don't you? Smiley



no, i use a laptop.

it's all about being detail oriented and an insatiable thirst for obtaining as much knowledge as possible to get a good sense of the Big Picture.  unlike tvbcof, and others, who come here to vomit on this thread once in a while after returning from the fields from humping little dogs (he is a little dog afterall).
cypherdoc
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January 19, 2015, 04:50:59 PM
 #20328

so what the hell is this all about and how does this correlate with what somewhat else said the other day about Adam backing out of the SC debate with Peter Todd?



from Adam's twitter stream:

https://twitter.com/adam3us/status/556462951507714049

Quote from: @adam3us
Apologies to @btcusa & TNABC attendees: late cancel due to hospital visit of family member. All ok, but couldn't travel under circumstances.

p.s. you do have a big screen @cypher, don't you? Smiley



That's too convenient, it sounds like a weak excuse to me.

also doesn't explain the Peter Todd debate reference from someone.
lunarboy
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January 19, 2015, 04:52:48 PM
 #20329

Germans bringing more of their gold Home

http://www.zerohedge.com/news/2015-01-19/bundesbank-resumes-gold-repatriation-transfers-120-tonnes-physical-gold-paris-and-ny

as it's looking increasingly likely the dannish might be next to drop the Euro peg rate drop today down to -0.2%

cypherdoc
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January 19, 2015, 05:08:17 PM
 #20330

Germans bringing more of their gold Home

http://www.zerohedge.com/news/2015-01-19/bundesbank-resumes-gold-repatriation-transfers-120-tonnes-physical-gold-paris-and-ny

as it's looking increasingly likely the dannish might be next to drop the Euro peg rate drop today down to -0.2%



"Finally, once they arrived in Frankfurt am Main, all the transferred gold bars were thoroughly and exhaustively inspected and verified by the Bundesbank. When all the inspections had been concluded, no irregularities came to light with regard to the authenticity, fineness and weight of the bars."

The official explanation was as follows: "The Bundesbank explained [the low amount of US gold] by saying that the transports from Paris are simpler and therefore were able to start quickly." Additionally, the Bundesbank had the "support" of the BIS "which has organized more gold shifts already for other central banks and has appropriate experience - only after months of preparation and safety could transports start with truck and plane." That would be the same BIS that in 2011 lent out a record 632 tons of gold..."


with Bitcoin, you merely have to check the signature, which takes a millisecond.
sidhujag
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January 19, 2015, 05:11:26 PM
 #20331

Over the summer, I called for this latest dollar rally as the price of oil was  dropping. I've strongly made the case for deflation a long time as well as hinted by rising UST's.  After the SNB did its thing the other day I mentioned to watch the dollar. This guy agrees. This is based on the fact that theUS  was lucky to geta  rally in both during the last crisis. I doubt it happens the same way this time around :

http://www.zerohedge.com/news/2015-01-16/about-strong-dollar
Its ez to call a dollar rally after its already confirmed ive been saying it since 2011 2012.. and the currency wars dont help.. all snb did was reassure us that central banks need to change to consensus

last summer was clearly the optimal time to go long the dollar:



The writing on the wall was clear years ago.. just looks good in hindsight like it would have for me if it happened last year. There was nothing special about last summer that changed fundamentals other than nudge the dollar up at a faster pace.. best time to accumulate is when noone is lookingu

I seem to recall you kept calling usd tops while I said its just getting started yet now you claimed that youve been calling for this since last summer?

yep.  here's the original quote of AEP which was around the time i began calling for the USD rally last summer.  since that time, i have been consistent about showing, via multiple $DXY charts here in this thread, how the dollar has been progressively breaking thru resistance levels during the rise, the result of which was deflation, which i think many now acknowledge is the predominant macroeconomic theme occurring worldwide.  additional evidence i've presented has been the drop in oil and other commodities, as well as the drop in foreign stock mkts worldwide.  the deflation call in itself is an itself is a big deal as many mistakenly believe, esp goldbugs, that inflation is the predominant theme, which is why they invest in gold to begin with.  i think that is a mistake.  further evidence of this dynamic, which i've consistently charted, is the persistent rise of TLT, the gvt black hole shit chart.  it is sucking all productive capital into itself, much like Japan has done for decades in their deflationary spiral, all based on the belief that the gvt can tax the hell out of its citizens to pay back debts.  this is deflationary.

Bitcoin holds the potential to actually improve the financial system via efficiency and sound money globally and perhaps pull us out of this deflationary spiral.  this is why i am so bullish on its prospects.

here's the quote:

http://mcalvanyweeklycommentary.com/

Ambrose Pritchard Evans @ 44min:

"major, major dollar rally".
Thanks.. It was probably the time you were saying that the dollar would cause a selloff in equities but I said they would rise together and since equities were rising I inferred that you would have been bearish usd.

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tvbcof
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January 19, 2015, 05:12:37 PM
 #20332


no, i use a laptop.

it's all about being detail oriented and an insatiable thirst for obtaining as much knowledge as possible to get a good sense of the Big Picture.  unlike tvbcof, and others, who come here to vomit on this thread once in a while after returning from the fields from humping little dogs (he is a little dog afterall).

To the guy who

 - lost 75% of his money last year...and maybe some other people's as well if there is anyone dumb enough to listen to him any more
 - got such a kick out of the chihuahua-humping-leg gif that he re-posted it multiple times and cannot stop thinking about it (where I and I think probably most people didn't see a sexual connotation at all.)
 - sees a sheep and automatically thinks porn

Quote from: Sophocles
"Alas, how terrible is wisdom when it brings no profit to the man that's wise! This I knew well, but had forgotten it, else I would not have come here.


cypherdoc
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January 19, 2015, 05:27:03 PM
 #20333

Thanks.. It was probably the time you were saying that the dollar would cause a selloff in equities but I said they would rise together and since equities were rising I inferred that you would have been bearish usd.

you have been very right on equities, and yes, i thought the rise in the dollar would spark a selloff.  i still think it will eventually.  too much USD denominated debt used to prop up those same equities which increases in magnitude as the USD rises.  look at all the margin.  could take some time though.  it will be interesting to see how this current pause in stocks will play out.
tvbcof
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January 19, 2015, 05:56:47 PM
 #20334

<gold important on the international stage>
<admittedly it seems so>

with Bitcoin, you merely have to check the signature, which takes a millisecond.

Ask, oh, say everyone who's been robbed of their BTC, how great that is.  If I'm remembering correctly there may be a few people in this category.

FWIW, this is another pretty decent reason for considering Bitcoin as an important reserve more than a trivial exchange item.  As politically incorrect as it may be, there is a decent correlation between being smart and having enough wealth to benefit by solid protection.  Smart people are more often (but not always) able to retain exclusive control of their secrets.  Fewer hand-to-mouth types trying to figure out how to secure their secret keys equates directly to fewer thefts.  Technology is very unlikely to come to the rescue here any time soon.  It's simply not in the interest of the powers that be to allow the peons to have secrets of any type.


cypherdoc
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January 19, 2015, 06:21:10 PM
 #20335

<gold important on the international stage>
<admittedly it seems so>

with Bitcoin, you merely have to check the signature, which takes a millisecond.

Ask, oh, say everyone who's been robbed of their BTC, how great that is.  If I'm remembering correctly there may be a few people in this category.

FWIW, this is another pretty decent reason for considering Bitcoin as an important reserve more than a trivial exchange item.  As politically incorrect as it may be, there is a decent correlation between being smart and having enough wealth to benefit by solid protection.  Smart people are more often (but not always) able to retain exclusive control of their secrets.  Fewer hand-to-mouth types trying to figure out how to secure their secret keys equates directly to fewer thefts.  Technology is very unlikely to come to the rescue here any time soon.  It's simply not in the interest of the powers that be to allow the peons to have secrets of any type.



actually, i don't disagree with you.  i think Bitcoin works either as a reserve currency or as a payment network simply b/c it's voluntary, mathematically secure, and based on a fixed supply.  both of us are probably considered to be in the upper percentiles in terms of wealth but i, for one, do understand the argument that Bitcoin should act as a great "leveler".  i don't have a problem with that as it would allow the spread of Bitcoin to far ends of the earth, like Africa and corners of Asia, which would greatly increase its usage and probably benefit mankind overall.  i don't have a problem with sharing.  i'm hedged either way.  but i've come to like the concept of Bitcoin being a "noble" endeavor.
cypherdoc
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January 19, 2015, 06:34:12 PM
 #20336

what a crock of shit:

http://www.marketwatch.com/story/story?guid=202a1eaa-9f62-11e4-b098-3bcc8cdda52c
justusranvier
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January 19, 2015, 06:38:50 PM
 #20337

President of the SNB probably started to worry about the risk of a strong CHF causing unexpected and fatal aircraft maintenance problems developing in his plane.
cypherdoc
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January 19, 2015, 06:43:44 PM
 #20338

it's great to see gvt sponsorship:

http://www.coindesk.com/singapore-government-sponsors-bitcoin-firm-attend-sxsw-event/
tvbcof
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January 19, 2015, 06:45:49 PM
 #20339

<gold important on the international stage>
<admittedly it seems so>

with Bitcoin, you merely have to check the signature, which takes a millisecond.

Ask, oh, say everyone who's been robbed of their BTC, how great that is.  If I'm remembering correctly there may be a few people in this category.

FWIW, this is another pretty decent reason for considering Bitcoin as an important reserve more than a trivial exchange item.  As politically incorrect as it may be, there is a decent correlation between being smart and having enough wealth to benefit by solid protection.  Smart people are more often (but not always) able to retain exclusive control of their secrets.  Fewer hand-to-mouth types trying to figure out how to secure their secret keys equates directly to fewer thefts.  Technology is very unlikely to come to the rescue here any time soon.  It's simply not in the interest of the powers that be to allow the peons to have secrets of any type.


actually, i don't disagree with you.  i think Bitcoin works either as a reserve currency or as a payment network simply b/c it's voluntary, mathematically secure, and based on a fixed supply.  both of us are probably considered to be in the upper percentiles in terms of wealth but i, for one, do understand the argument that Bitcoin should act as a great "leveler".  i don't have a problem with that as it would allow the spread of Bitcoin to far ends of the earth, like Africa and corners of Asia, which would greatly increase its usage and probably benefit mankind overall.  i don't have a problem with sharing.  i'm hedged either way.  but i've come to like the concept of Bitcoin being a "noble" endeavor.

Another place where it's sidechains to the rescue.  The two-way-peg makes any (properly implemented) sidechain an excellent proxy for Bitcoin (and as I always argue, would make it BE Bitcoin.)  An implementation which provides some add-on protection for the less sophisticated user would be fine with me and it really would bring Bitcoin to the masses.  In fact I'd be inclined to use just such a thing in a limited role.  This would allow me to use Bitcoin from my Android and Windows machines with some confidence.  As always, such use would be just pocket-change class.  My nest-egg would be native Bitcoin and I'd have to visit my safe deposit box in order to get at it.


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January 19, 2015, 06:57:33 PM
 #20340


Wait, bitcoin is now being supported by money stolen from hard-working enslaved singaporeans by parasitic corrupt government thugs, under threat of violent harm and loss of liberty?  Grin

Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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