Gold collapsing. Bitcoin UP.

[Erdogan]

 But in this thread, which is the center of bitcoin knowledge,

are you on crack? sane people occasionally pop in here, but mostly it's a troll thread for self-deluding old scatterbrains

Not a crack user. This thread, compared to the IMF website, that of Bank of England, New York Times blogs, Forbes, Coindesk... they are all inferior to this thread in knowledge about money. Have you read those sites? I wonder, they all ramble about the virtue of central control, the evil of anonymity, confusion about intrinsic value (I mean confusion as in total confusion), why money has value, not to mention all the non-knowledge of cryptograpy and computer security they put forward, unchallenged. If you want to know about money, fiat, gold and bitcoin, how they work and why, come here.

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[cypherdoc]

 But in this thread, which is the center of bitcoin knowledge,

are you on crack? sane people occasionally pop in here, but mostly it's a troll thread for self-deluding old scatterbrains

uh huh.  declared by a 2 wk newbie account trying to hold back the avalanche.

[Last of the V8s]

Yes Erdogan those fiat/statist sites and one scam-infused 'coin' site obviously spout nonsense.
But your original claim was about bitcoin knowledge, not gold/money/fiat/old hat knowledge, and mine is that it is better found elsewhere.

Yes op it was stupid of me to make an account on bitcointalk and to attempt to engage your tsunami of trolls.

[Erdogan]

Yes Erdogan those fiat/statist sites and one scam-infused 'coin' site obviously spout nonsense.
But your original claim was about bitcoin knowledge, not gold/money/fiat/old hat knowledge, and mine is that it is better found elsewhere.

Yes op it was stupid of me to make an account on bitcointalk and to attempt to engage your tsunami of trolls.

I don't mind other opinions, but they are better with arguments. If there are good sites, there must be, the internet is big, I want to know about them. By the way, I like zero hedge, because a small percentage of posts there are non-confused, and david stockmans site.

 

[sporket]

...This thread, compared to the IMF website, that of Bank of England, New York Times blogs, Forbes, Coindesk... they are all inferior to this thread in knowledge about money. ...

[cypherdoc]

Yes Erdogan those fiat/statist sites and one scam-infused 'coin' site obviously spout nonsense.
But your original claim was about bitcoin knowledge, not gold/money/fiat/old hat knowledge, and mine is that it is better found elsewhere.

Yes op it was stupid of me to make an account on bitcointalk and to attempt to engage your tsunami of trolls.

Yes, you are stupid because you come in here with a 2wk account with no arguments, simply accusations. You couldn't possibly have been following this thread for any length of time to know what you're talking about nor form any valid  opinions of the people here so yes, you won't  get any respect because you haven't earned any.

[inca]

Yes Erdogan those fiat/statist sites and one scam-infused 'coin' site obviously spout nonsense.
But your original claim was about bitcoin knowledge, not gold/money/fiat/old hat knowledge, and mine is that it is better found elsewhere.

Yes op it was stupid of me to make an account on bitcointalk and to attempt to engage your tsunami of trolls.

Yes, you are stupid because you come in here with a 2wk account with no arguments, simply accusations. You couldn't possibly have been following this thread for any length of time to know what you're talking about nor form any valid  opinions of the people here so yes, you won't  get any respect because you haven't earned any.

It is an NLC alt.

[cypherdoc]

Yes Erdogan those fiat/statist sites and one scam-infused 'coin' site obviously spout nonsense.
But your original claim was about bitcoin knowledge, not gold/money/fiat/old hat knowledge, and mine is that it is better found elsewhere.

Yes op it was stupid of me to make an account on bitcointalk and to attempt to engage your tsunami of trolls.

Yes, you are stupid because you come in here with a 2wk account with no arguments, simply accusations. You couldn't possibly have been following this thread for any length of time to know what you're talking about nor form any valid  opinions of the people here so yes, you won't  get any respect because you haven't earned any.

It is an NLC alt.

given that sporket likes images also, i'd assume his is an alt as well?

[sporket]

Yes Erdogan those fiat/statist sites and one scam-infused 'coin' site obviously spout nonsense.
But your original claim was about bitcoin knowledge, not gold/money/fiat/old hat knowledge, and mine is that it is better found elsewhere.

Yes op it was stupid of me to make an account on bitcointalk and to attempt to engage your tsunami of trolls.

Yes, you are stupid because you come in here with a 2wk account with no arguments, simply accusations. You couldn't possibly have been following this thread for any length of time to know what you're talking about nor form any valid  opinions of the people here so yes, you won't  get any respect because you haven't earned any.

It is an NLC alt.

given that sporket likes images also, i'd assume his is an alt as well?

You two should start an internet detective agency.  If inca isn't just an alt you trot out when things get a bit quiet...

[cypherdoc]

ok, we have a dangerous signal on deck when it comes to the stock mkt.  the $DJT dipped below the January low which confirms the long term Dow Theory non-confirmation i have been going on about.  it needs to close below this level before becoming official.  we'll see if it does by the end of the day.  either way, it looks like it will either today or in the next few days.  of course, the Fed and banks watch the charts too, so it's time for a rescue pump if they're going to do one.

[cypherdoc]

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:

[cypherdoc]

lumber prices breaking down:

[cypherdoc]

Transports starting to give it up:

[zanzibar]

http://www.coindesk.com/bitcoin-marketplace-buttercoin-folds-despite-1-3-million-investment/

These guys failed on many fronts, the name being the most obvious.  They cite a lack of Bitcoin VC investment interest as a reason for their closure.  This is so false and misleading in many ways, I live in the Silicon Valley and investor interest has never been so strong.  It really angers me that they would make that claim.

[Melbustus]

http://www.coindesk.com/bitcoin-marketplace-buttercoin-folds-despite-1-3-million-investment/

These guys failed on many fronts, the name being the most obvious.  They cite a lack of Bitcoin VC investment interest as a reason for their closure.  This is so false and misleading in many ways, I live in the Silicon Valley and investor interest has never been so strong.  It really angers me that they would make that claim.

I think Coinbase effectively sucked up all the VC money for a *US Bitcoin Exchange*. Which makes sense; we desperately need a strong/liquid US platform, before it makes much sense to mess around with boutique/niche exchange products.

Agree that there's plenty of VC interest in Bitcoin in general. That comment about their being a "dip" annoyed me as well (though it does go in waves).

[cypherdoc]

Even if it is true that VC  money is slowing into the merchants, Bitcoin 2.0, & altcoins space I think it is not a bad thing. I've always thought that too much  money was flowing into those spaces way too prematurely before Bitcoin 1.0 even had a chance to establish itself at its primary function, that of Sound Money. For it to get there the price has to go much higher and maybe now that many people have gotten their hands singed dabbling in these alternative investment buckets, maybe now the price can ascend to where it needs to be to support all these other arms of the economy.

The recent stabilization aka bottoming of the price after the usual 90 % pullback is indication of this happening. Let the price bucket fill.

[tvbcof]

lumber prices breaking down:

https://1.bp.blogspot.com/-E1UrJ_87p9w/VSA48ZR4WJI/AAAAAAAAi_Q/0pa6FsG7Okw/s1600/LumberMar2015.PNG

Shit!  PM prices are in the toilet, Bitcoin much worse, and now even if I get authorization from the state to log my own fucking property timber prices from that will be down as well.  What's an unemployed loser to do?

I can hold out for another year or two by scaling back my projects, but if Bitcoin does not stage a recovery by that time I'm going to be drawing down my holdings in this area probably before the others.

[Zangelbert Bingledack]

Even if it is true that VC  money is slowing into the merchants, Bitcoin 2.0, & altcoins space I think it is not a bad thing. I've always thought that too much  money was flowing into those spaces way too prematurely before Bitcoin 1.0 even had a chance to establish itself at its primary function, that of Sound Money. For it to get there the price has to go much higher and maybe now that many people have gotten their hands singed dabbling in these alternative investment buckets, maybe now the price can ascend to where it needs to be to support all these other arms of the economy.

The recent stabilization aka bottoming of the price after the usual 90 % pullback is indication of this happening. Let the price bucket fill.

On the charts, mining difficulty has topped out while price has bottomed out. Venture capital continues to rise, though:



If venture capital finally quiets down a bit, the cash hose gets directed into the price bucket again.

It's probably important to note why the mining and VC buckets were filling throughout the past year, and the most natural explanation is of course that people saw the price as overinflated. It had just risen 10000% in a year, and mining and VC looked like great investments by comparison. Well now mining is overdone, and VC is looking frothy.

Hopefully the BIT and ETF will be just in time to catch the Wall Street money.

[cypherdoc]

Even if it is true that VC  money is slowing into the merchants, Bitcoin 2.0, & altcoins space I think it is not a bad thing. I've always thought that too much  money was flowing into those spaces way too prematurely before Bitcoin 1.0 even had a chance to establish itself at its primary function, that of Sound Money. For it to get there the price has to go much higher and maybe now that many people have gotten their hands singed dabbling in these alternative investment buckets, maybe now the price can ascend to where it needs to be to support all these other arms of the economy.

The recent stabilization aka bottoming of the price after the usual 90 % pullback is indication of this happening. Let the price bucket fill.

On the charts, mining difficulty has topped out while price has bottomed out. Venture capital continues to rise, though:



If venture capital finally quiets down a bit, the cash hose gets directed into the price bucket again.

It's probably important to note why the mining and VC buckets were filling throughout the past year, and the most natural explanation is of course that people saw the price as overinflated. It had just risen 10000% in a year, and mining and VC looked like great investments in comparison. Well now mining is overdone, and VC is looking frothy.

Hopefully the BIT and ETF will be just in time to catch the Wall Street money.

I personally have several wealthy friends who are finally starting to get in. They've been watching it for years knowing my involvement and are quite frankly surprised the whole  thing hasn't collapsed  to zero yet. Six years is a long time and demonstrates longevity especially for something that started at zero and  grew out of the  primordial ooze. With continued education on my part and the obvious collapse of currencies worldwide, these people are worried. And they're not about to buy a few hundred pounds of metal bars.

The Trezor helps alot. Knowing that they won't get their bitcoin stolen.

[rocks]

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.