Gold collapsing. Bitcoin UP.

[cypherdoc]

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.

yes, i've said before that i think volatility is our destiny; at least until the issuance curve flattens out more.  but that's not a bad thing.  lotsa money to be made if you time it right. and it's simply a reflection of the tremendous disagreement and early nature of Bitcoin as a concept.  it's also why alot of us believe in the binary nature of Bitcoin with a likely outcome of UP.  

it's only a matter of time before the dam breaks.

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[sporket]

... it's also why alot of us believe in the binary nature of Bitcoin with a likely outcome of UP.  
...

And there I was, thinking it was just paranoia-tinged senile dementia.  Learn something new every day

[sidhujag]

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

http://thehill.com/policy/technology/238056-pauls-presidential-campaign-accepts-bitcoin

Heres our guy!

[tabnloz]

... it's also why alot of us believe in the binary nature of Bitcoin with a likely outcome of UP.  
...

And there I was, thinking it was just paranoia-tinged senile dementia.  Learn something new every day

It's hard to keep track of you playing the long game. Just use the NLC account and jettison the rest.

I doubt you'd be here if you didn't find some validity in Cypherdoc's theory; even if you bought a handful @500 the risk is asymmetric, large potential upside.

[sidhujag]

... it's also why alot of us believe in the binary nature of Bitcoin with a likely outcome of UP.  
...

And there I was, thinking it was just paranoia-tinged senile dementia.  Learn something new every day

It's hard to keep track of you playing the long game. Just use the NLC account and jettison the rest.

I doubt you'd be here if you didn't find some validity in Cypherdoc's theory; even if you bought a handful @500 the risk is asymmetric, large potential upside.

He probably returns bottles for a living and uses the money to buy new accounts to feed his trolling addiction.. he loves trying tobe int he spotlight thus needs new names before ppl start to ignore again.

[cypherdoc]

i smile more and more each day knowing that a true understanding of what Bitcoin is and how it functions has now reached critical mass levels.  it's been a long, hard fought war but i think we're there.  we have much to be optimistic about looking forward:

https://www.reddit.com/r/Bitcoin/comments/31qdbc/please_show_me_arguments_in_favour_of_blockchain/

[uki]

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.

That reminds a lot what gold bugs were saying after the last bubble crashed.
Pardon me, for that comparison, but it sounded exactly like that.
Waiting for the big break and waiting ever since. I hope Bitcoin won't repeat gold's fate.
Maybe it is mine 'don't fight the Fed' mentality, as well 

[sporket]

... it's also why alot of us believe in the binary nature of Bitcoin with a likely outcome of UP.  
...

And there I was, thinking it was just paranoia-tinged senile dementia.  Learn something new every day

It's hard to keep track of you playing the long game. Just use the NLC account and jettison the rest.

I doubt you'd be here if you didn't find some validity in Cypherdoc's theory;

It's not so much validity as Value.  That being "an endless supply of childlike, unaffected laughter."

even if you bought a handful @500 the risk is asymmetric, large potential upside.

A lotto ticket has larger potential upside.  Have you played your numbers today?

[sidhujag]

... it's also why alot of us believe in the binary nature of Bitcoin with a likely outcome of UP.  
...

And there I was, thinking it was just paranoia-tinged senile dementia.  Learn something new every day

It's hard to keep track of you playing the long game. Just use the NLC account and jettison the rest.

I doubt you'd be here if you didn't find some validity in Cypherdoc's theory;

It's not so much validity as Value.  That being "an endless supply of childlike, unaffected laughter."

even if you bought a handful @500 the risk is asymmetric, large potential upside.

A lotto ticket has larger potential upside.  Have you played your numbers today?

A lotto ticket is much less likely to strike than the case of striking gold with bitcoin.

[domob]

i smile more and more each day knowing that a true understanding of what Bitcoin is and how it functions has now reached critical mass levels.  it's been a long, hard fought war but i think we're there.  we have much to be optimistic about looking forward:

https://www.reddit.com/r/Bitcoin/comments/31qdbc/please_show_me_arguments_in_favour_of_blockchain/

Wow, I'm really surprised how many people get it there!  Is it maybe just few but loud noises (media outlets, VC companies) that give the impression of "blockchain without bitcoin" being the current hype?  Or did sentiment change recently?

[cypherdoc]

i smile more and more each day knowing that a true understanding of what Bitcoin is and how it functions has now reached critical mass levels.  it's been a long, hard fought war but i think we're there.  we have much to be optimistic about looking forward:

https://www.reddit.com/r/Bitcoin/comments/31qdbc/please_show_me_arguments_in_favour_of_blockchain/

Wow, I'm really surprised how many people get it there!  Is it maybe just few but loud noises (media outlets, VC companies) that give the impression of "blockchain without bitcoin" being the current hype?  Or did sentiment change recently?

no, they are still parroting that same ol' tired message.  conspiracy theory says they're doing it on purpose to derail Bitcoins ultimate purpose, that of Sound Money, but conceivably they really are that ignorant.  folks like IBM are trying to jam the fiat square peg into the blockchains round hole.

from a price perspective, this can be interpreted as the bottoming out phase, where the market realizes it may have made a mistake with such an excessive selloff; Bitcoin really is something new and innovative that will disrupt finance and the monetary system.  the backlash could be quite impressive.

[cypherdoc]

Stocks:  nice late day dump

[sporket]

...
A lotto ticket is much less likely to strike than the case of striking gold with bitcoin.

ORLY?  Or could it be you just don't have the vision?  C'mon, buy some scratch tickets!  Nature favors the brave!

Why are ye fearful, O ye of little faith? Then he arose, and rebuked the winds and the sea; and there was a great calm.

[cypherdoc]

oh boy!  now we got a book about it!

http://www.nathanielpopper.com/

maybe Nathan lurks here?

[sickpig]

oh boy!  now we got a book about it!

http://www.nathanielpopper.com/

maybe Nathan lurks here?

Hence he should have to pay you a lot of money in royalties

[marcus_of_augustus]

oh boy!  now we got a book about it!

http://www.nathanielpopper.com/

maybe Nathan lurks here?

looks interesting, the blurb reads like the book might be worth a read. Key point is that all bitcoin's 'problems' as perceived are just moneys problems ... find me a form of money that hasn't attracted criminals, prostitution, drugs, scams, frauds, those are humanities problems, money is just the tool by which we betray our value interactions with each other, amongst other things. Bitcoin seems to make an excellent looking glass by which to view human failings.

[Wekkel]

Popper (Karl, that is) has some amazing quotes attributed to him:

Whenever a theory appears to you as the only possible one, take this as a sign that you have neither understood the theory nor the problem which it was intended to solve.

Our knowledge can only be finite, while our ignorance must necessarily be infinite.

Science may be described as the art of systematic over-simplification.

Litmus test: the book mentioning bitcointalk.org or not.... 

[cypherdoc]

Larry Summers and Mike Casey:

https://www.youtube.com/watch?v=UVGq0zaZsNg

[Shari Lewis]

...
A lotto ticket is much less likely to strike than the case of striking gold with bitcoin.

ORLY?  Or could it be you just don't have the vision?  C'mon, buy some scratch tickets!  Nature favors the brave!

Why are ye fearful, O ye of little faith? Then he arose, and rebuked the winds and the sea; and there was a great calm.

Now then, Lambie, you naughty boy - don't make me follow you round the neighborhood! Just because your friends dont like you on Wall Obby doesnt mean you can come over here and annoy the grown ups. Go on, off home with you - and say sorry to the nice Doc for farting in his thread!

[smooth]

oh boy!  now we got a book about it!

http://www.nathanielpopper.com/

maybe Nathan lurks here?

looks interesting, the blurb reads like the book might be worth a read. Key point is that all bitcoin's 'problems' as perceived are just moneys problems ... find me a form of money that hasn't attracted criminals, prostitution, drugs, scams, frauds, those are humanities problems, money is just the tool by which we betray our value interactions with each other, amongst other things. Bitcoin seems to make an excellent looking glass by which to view human failings.

Except that there is a very serious attempt to get rid of traditional bearer money (cash) and replace it with traceable electronic money that supposedly solves these problems. The technology was getting to the point where that would be entirely feasible (and is close to fact in a few countries) except for this little cryptocurrency wrinkle.