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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1978028 times)
cypherdoc
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March 10, 2015, 04:08:25 AM
 #21801

a series of these 33% ramps in interest rates can't be tolerated for long.  the whole debt edifice would collapse.  UST's need to be bought hard so something will have to be sacrificed.  stocks are at a long term peak; good candidate #1.  USD straight up ramp since the summer; good candidate #2.  and it has to happen sooner than you think:

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tvbcof
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March 10, 2015, 04:12:23 AM
 #21802

...

this is tvbcof on the day of the last plunge down to 155.  nice memorial.
Why are you mentioning short term price action with regards to what he said (he didn't even mention current price)?
Some of them are good points IMHO.

I hope you don't believe that price pumping short term (or even medium-long term for that matter) means that not even some of his arguments are valid or something...

you can stop hoping right there.  i think his concerns are invalid.
In that case you don't think it's more appropriate to provide arguments against his views instead of mentioning price at the time of his post which has little relevance at all?

i have 4 yrs worth of arguments against his positions littered throughout this thread.  just because you, as a newbie troll, can't be bothered to go back and read up on those arguments doesn't mean i haven't provided them.

let's be clear; tvbcof and i disagree on everything.  if he says black, i say white.  that's just a fact.  i'd put him on ignore if he weren't so amusing.

Damn Cyph...thanks for doing a great job of editing my post (snipped for brevity.)  I'm especially proud of that post and I would not change a word, and you've highlighted the critical parts nicely.

The dominant crypto-currency (currently Bitcoin) is, as I've been saying since 2011, worth easily 5 figures and probably 6 in the right circumstance.  Maybe even more.  That circumstance is a failure of the mainstream currency system.  I do hope it's Bitcoin which ends up in this position because I'm a hodler, but if it does not than some other one will.  A study of history indicates that it's just a matter of time before this eventuality comes to pass.  In the mean time, as I say, Bitcoin is a toy and has no particular usefulness, though it can bolster one's spending money.  I actually don't have any desire to see the 'right' circumstance in my days.  The degree to which life would suck, even for me personally, would drastically outweigh the nicities of being ultra-wealthy, but ultimately I have little choice of influence in the matter.  In such a scenario we hodlers should expect EVERYTHING to be thrown a us.  We have almost no advantages compared to our adversaries.  The worst thing we could do would be to piss away what few advantages we do have in hopes for beating the stock market or some other lame and inconsequential objective.

You (Cypher) and I see very little to agree on because we look at the world differently.  You can take solace in the fact that your type vastly outnumbers mine.


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March 10, 2015, 04:13:02 AM
 #21803

Dow futures starting to drop a bit.  i'd look the hell out tomorrow.
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March 10, 2015, 04:18:42 AM
 #21804

Dow futures starting to drop a bit.  i'd look the hell out tomorrow.
I remember on may 3 iput in a $5g all in put call for end of week seeing the w pattern and turn over of stock market before the flash crash.. My colleague chickened out minutes before closing bell who i respected.. Needless to say i lost all respect for his trading decisions after that day pussying out since we decided to go in together or get out together,. That was a $200g+ missed call lol

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March 10, 2015, 04:27:52 AM
 #21805

Dow futures starting to drop a bit.  i'd look the hell out tomorrow.
I remember on may 3 iput in a $5g all in put call for end of week seeing the w pattern and turn over of stock market before the flash crash.. My colleague chickened out minutes before closing bell who i respected.. Needless to say i lost all respect for his trading decisions after that day pussying out since we decided to go in together or get out together,. That was a $200g+ missed call lol

i still think that gold and silver's peak in 2011 signaled the end of a long inflationary phase in the US economy.  yes, the stock and bond markets have continued to grind higher since then due to QE but with oil/commodities and emerging economies/ROW following gold downwards since then, i seriously doubt the US economy can function as an island unto itself.  we are globalized now and trouble overseas will trickle down to us as the avg American has suffered income stagnation and massive income inequality.

the ppl of the world are primed for an apolitical new form of money and that is Bitcoin, not gold.
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March 10, 2015, 06:13:45 AM
 #21806

Dow futures starting to drop a bit.  i'd look the hell out tomorrow.
I remember on may 3 iput in a $5g all in put call for end of week seeing the w pattern and turn over of stock market before the flash crash.. My colleague chickened out minutes before closing bell who i respected.. Needless to say i lost all respect for his trading decisions after that day pussying out since we decided to go in together or get out together,. That was a $200g+ missed call lol

i still think that gold and silver's peak in 2011 signaled the end of a long inflationary phase in the US economy.  yes, the stock and bond markets have continued to grind higher since then due to QE but with oil/commodities and emerging economies/ROW following gold downwards since then, i seriously doubt the US economy can function as an island unto itself.  we are globalized now and trouble overseas will trickle down to us as the avg American has suffered income stagnation and massive income inequality.

the ppl of the world are primed for an apolitical new form of money and that is Bitcoin, not gold.
Ideal money cant take hold abruptly.. The shock cant be supported.. It needs to be gradual.. Ppl see usd with inflation targeting as adequate now until its not.. Bitcoin is a longterm play for that usecase i believe.

If rates go up about 5x current rates then we may see avg joe go bankrupt who was barely making payments.. Right now therr is cash to be paid simply buying homes and renting them for cashflow.. The descrepency is pretty big.

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March 10, 2015, 12:12:40 PM
 #21807


Europe caps credit card fees to 0.3% and debit cards at 0.2%

http://www.bbc.com/news/world-europe-31812810

How much of this saving will actually be passed on to customers, remains to be seen??

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March 10, 2015, 12:43:43 PM
 #21808

Visa, Master Card, Amex et alia becoming less profitable, which reduces their options to improve and innovate. Meanwhile, a payment system that requires no such intermediaries slowly gathers strength.

Wake up, smell coffee.
cypherdoc
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March 10, 2015, 03:16:54 PM
 #21809

Gold collapsing.  Bitcoin UP.
cypherdoc
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March 10, 2015, 03:46:45 PM
 #21810

Dow getting smacked
cypherdoc
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March 10, 2015, 03:48:32 PM
 #21811

large non conf in play:

cypherdoc
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March 10, 2015, 04:00:39 PM
 #21812

Dow -265
cypherdoc
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March 10, 2015, 04:17:04 PM
 #21813

Junior miners telegraphing incoming new lows.  Again.  but hey, keep following tvbcof and traderCJ:

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March 10, 2015, 04:33:45 PM
 #21814

21e6 announcing they've raised $116M (!): http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/

*still* not saying exactly what they're up to...

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
cypherdoc
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March 10, 2015, 04:36:06 PM
 #21815

holy crap.  already:

msin
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March 10, 2015, 04:48:33 PM
 #21816

21e6 announcing they've raised $116M (!): http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/

*still* not saying exactly what they're up to...

Wow, that's incredible, not just for a BTC related company, but for any silicon valley tech company in stealth mode to raise that amount, has to have a very significant product and team.
cypherdoc
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March 10, 2015, 05:01:28 PM
 #21817

for historical interest, here's the entire chart of GDXJ which, btw, played a significant role in my calling of the gold and silver tops in 2011.

note that the GDXJ was established on 9/2/10 at the far left.  the very top occurred on 12/7/10 @ 179.44.  my post Gold: I smell a trap was made on 8/9/11. at the time, the languishing GDXJ, previous silver top which i called in May 2011, 9 yr cycle, and parabolic runup of gold itself were significant data points to me that the pm's had topped.  

and here we are plumbing new lows:

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March 10, 2015, 05:02:31 PM
 #21818

21e6 announcing they've raised $116M (!): http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/

*still* not saying exactly what they're up to...

Wow, that's incredible, not just for a BTC related company, but for any silicon valley tech company in stealth mode to raise that amount, has to have a very significant product and team.

Count is now around 250 milions $ in Bitcoin venture capital in a little over TWO months now in 2015..

Is there a hotter tech trend out there? I don't think so..

"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
Bassica
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March 10, 2015, 05:04:19 PM
 #21819

21e6 announcing they've raised $116M (!): http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/

*still* not saying exactly what they're up to...

Wow, that's incredible, not just for a BTC related company, but for any silicon valley tech company in stealth mode to raise that amount, has to have a very significant product and team.

Count is now around 250 milions $ in Bitcoin venture capital in a little over TWO months now in 2015..

Is there a hotter tech trend out there? I don't think so..

Also Peter Thiel is invested. He seems to be slowly transitioning towards a more pro-bitcoin stance.
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March 10, 2015, 05:05:14 PM
 #21820

Count is now around 250 milions $ in Bitcoin venture capital in a little over TWO months now in 2015..

Is there a hotter tech trend out there? I don't think so..
What are they building, though?

How much of that 250 million represents an attack on Bitcoin rather than support of Bitcoin?
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