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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032123 times)
cypherdoc (OP)
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April 06, 2015, 10:11:20 PM
 #22501

here's a representative transport company, UAL, breaking down.  you would think their profits would be going up given the falling price of oil that has been going on since last summer.  but no, someone is selling it off probably b/c travel is down due to the ongoing deflation and overpriced stock:

...

Given our global economy today, I've always thought the Baltic dry index is one of the best indicators of economic activity. Pretty much every physical good goes through international shipment at some point in it's manufacturing chain from raw materials to finished good. It's not pretty, essentially we are at historic lows.
http://stockcharts.com/h-sc/ui?s=$BDI&p=W&yr=5&mn=0&dy=0&id=p89283055899

And, Why the Baltic Dry Index is at an all-time low
http://www.economist.com/blogs/economist-explains/2015/03/economist-explains-7

We are witnessing the beginnings of the next credit contraction during a time when central banks are already at their limit in terms of accommodation (zero bound rates, multiple printing cycles, already loose lending standards, banks at historically high leverage, etc).

During this downturn central banks will have very few options other than outright currency depreciation. At the same time societies are completely accustomed to and dependent on central bank bailouts to fix everything. What will happen when we finally reach a point in the cycle where central banks can not fix everything is unknown.

We are living in historically interesting times. Whether or not that is a blessing is up to you.

BDI is a good indicator.  i like it's practical everyday counterpart stock, DRYS, the international shipping company.  this stock is dead, dead, and deader and looks alot like NBG, the National Bank of Greece.  this is what inflationary printing will do to a company that is forced to build years ahead in anticipation of unlimited and unfettered growth; they get caught overbuilding with their pants down:

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cypherdoc (OP)
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April 06, 2015, 10:14:14 PM
 #22502

Final verdict:  Big trouble dead ahead until proven otherwise:

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April 06, 2015, 10:37:13 PM
 #22503

now this is pretty funny:

"The artists are fully aware of the bust’s inevitable destruction and have left themselves a few options, including one that involves deploying an army of mini-Snowden heads. “We have a full size mold that can be poured again and its been 3D rendered, so we have the ability to print smaller ones at scale,” they said."

http://m.animalnewyork.com/2015/theres-a-massive-illicit-bust-of-edward-snowden-stuck-to-a-war-monument-in-brooklyn/

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April 06, 2015, 10:50:27 PM
 #22504

Quote
now this is pretty funny:

ridicule is an effective political medium but the sociological undertones are quite telling and sending a poignant message ... this is a direct challenge to the legitimacy of the State which is being increasingly seen as rogue and operating outside the consent of the governed. War memorials are places of quasi-religious State worship, nationalism or at minimum national pride.

Expect an over-reaction from the National Socialists.

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April 06, 2015, 11:10:37 PM
 #22505

If the government wants to mine bitcoins they can compete with every other miner on the planet to acquire the 42% of bitcoins that remain to be created. However, like gold, they can't print additional Bitcoins out of thin air.

think there is less than 33% remaining ..

cypherdoc (OP)
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April 06, 2015, 11:28:36 PM
 #22506

If the government wants to mine bitcoins they can compete with every other miner on the planet to acquire the 42% of bitcoins that remain to be created. However, like gold, they can't print additional Bitcoins out of thin air.

they would be welcome to do so.  in fact, i'd advise the USG to get on it as China is way ahead of them, in terms of private mining.
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April 07, 2015, 02:01:20 AM
 #22507

Quote
now this is pretty funny:

ridicule is an effective political medium but the sociological undertones are quite telling and sending a poignant message ... this is a direct challenge to the legitimacy of the State which is being increasingly seen as rogue and operating outside the consent of the governed. War memorials are places of quasi-religious State worship, nationalism or at minimum national pride.

Expect an over-reaction from the National Socialists.

An over-reaction would expose a lot.

There is a good chunk of the population who believe Snowden is a hero, and strongly disagree with the terrorist/criminal label the state has placed on him. An overreaction would expose this difference very clearly, which just might lead to more active support for Snowden in reaction to government actions.

There has not been any true grass roots push back against the state in the US in some time. Being fed up with the emerging surveillance / police state is something that cuts across the political spectrum.
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April 07, 2015, 07:12:38 AM
 #22508

Quote
now this is pretty funny:

ridicule is an effective political medium but the sociological undertones are quite telling and sending a poignant message ... this is a direct challenge to the legitimacy of the State which is being increasingly seen as rogue and operating outside the consent of the governed. War memorials are places of quasi-religious State worship, nationalism or at minimum national pride.

Expect an over-reaction from the National Socialists.

An over-reaction would expose a lot.

There is a good chunk of the population who believe Snowden is a hero, and strongly disagree with the terrorist/criminal label the state has placed on him. An overreaction would expose this difference very clearly, which just might lead to more active support for Snowden in reaction to government actions.

There has not been any true grass roots push back against the state in the US in some time. Being fed up with the emerging surveillance / police state is something that cuts across the political spectrum.

Agreed. Additionally, I would say this is probably the most brilliant thing an artist has done since Banksy first came on the scene.

Bro, do you even blockchain?
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April 07, 2015, 07:48:58 AM
 #22509

Quote
now this is pretty funny:

ridicule is an effective political medium but the sociological undertones are quite telling and sending a poignant message ... this is a direct challenge to the legitimacy of the State which is being increasingly seen as rogue and operating outside the consent of the governed. War memorials are places of quasi-religious State worship, nationalism or at minimum national pride.

Expect an over-reaction from the National Socialists.

An over-reaction would expose a lot.

There is a good chunk of the population who believe Snowden is a hero, and strongly disagree with the terrorist/criminal label the state has placed on him. An overreaction would expose this difference very clearly, which just might lead to more active support for Snowden in reaction to government actions.

There has not been any true grass roots push back against the state in the US in some time. Being fed up with the emerging surveillance / police state is something that cuts across the political spectrum.

Agreed. Additionally, I would say this is probably the most brilliant thing an artist has done since Banksy first came on the scene.

That didn't take long:

http://www.smh.com.au/world/statue-that-cast-edward-snowden-as-a-hero-removed-and-held-by-new-york-police-20150407-1mfjyl.html
NotHatinJustTrollin
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April 07, 2015, 12:11:33 PM
 #22510

LOL at anybody saying BTC mining is decentralized:


https://bitcointalk.org/index.php?topic=969823.0

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April 07, 2015, 01:22:33 PM
 #22511

meanwhile, we have a nice pop in gold after Friday's job report. If the $1220 resistance gives way, there is a room for an attack at 2015 top at $1307.
That is the highest gold can go before summer.
Weakening of dollar should be also Bitcoin-positive, shouldn't it?

this space is intentionally left blank
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April 07, 2015, 03:21:39 PM
 #22512

http://www.marketwatch.com/story/greeces-cash-crunch-is-getting-serious-2015-04-06?dist=lcountdown

"A Greek national bank holidays on Friday and Monday, in observance of Orthodox Good Friday and Easter..."  didn't Cyprus take advantage of bank holidays?
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April 07, 2015, 03:38:27 PM
 #22513

Yes they did.
Meuh6879
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April 07, 2015, 03:46:50 PM
 #22514

LOL at anybody saying BTC mining is decentralized:


https://bitcointalk.org/index.php?topic=969823.0

and this facility ... only mine 16% of the daily created bitcoin.  Kiss
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April 07, 2015, 04:16:54 PM
 #22515

LOL at anybody saying BTC mining is decentralized:


https://bitcointalk.org/index.php?topic=969823.0

and this facility ... only mine 16% of the daily created bitcoin.  Kiss

Well, the rest of the hashpower is in a few hangars Undecided

ranlo
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April 07, 2015, 04:22:15 PM
 #22516

meanwhile, we have a nice pop in gold after Friday's job report. If the $1220 resistance gives way, there is a room for an attack at 2015 top at $1307.
That is the highest gold can go before summer.
Weakening of dollar should be also Bitcoin-positive, shouldn't it?

Theoretically, as the dollar weakens, more money should go into stocks, metals, bitcoin, etc. The problem here is that people are being urged to steer clear of BTC due to the massive number of scams and thefts. The more people steal from one another, the harder it is to get people involved, which is going to limit BTC's growth potential. These scammers are screwing everyone over -- even themselves.

https://nanogames.io/i-bctalk-n/
Message for info on how to get kickbacks on sites like Nano (above) and CryptoPlay!
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April 07, 2015, 04:24:21 PM
 #22517

rand paul is running for pres.. is he pro bitcoin?
cypherdoc (OP)
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April 07, 2015, 04:30:14 PM
 #22518

rand paul is running for pres.. is he pro bitcoin?

http://thehill.com/policy/technology/238056-pauls-presidential-campaign-accepts-bitcoin
cypherdoc (OP)
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April 07, 2015, 04:53:34 PM
 #22519

valiant attempt to save the bacon.  i doubt it's gonna last:

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April 07, 2015, 05:06:54 PM
 #22520

meanwhile, we have a nice pop in gold after Friday's job report. If the $1220 resistance gives way, there is a room for an attack at 2015 top at $1307.
That is the highest gold can go before summer.
Weakening of dollar should be also Bitcoin-positive, shouldn't it?

Theoretically, as the dollar weakens, more money should go into stocks, metals, bitcoin, etc. The problem here is that people are being urged to steer clear of BTC due to the massive number of scams and thefts. The more people steal from one another, the harder it is to get people involved, which is going to limit BTC's growth potential. These scammers are screwing everyone over -- even themselves.

Scams and thefts but also the 'don't fight the Fed' mentality; stocks have tripled since 09.

I think that bitcoin won't have the 'slow and gradual adoption' over time. When the time comes it will be swift and brutal.
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