Gold collapsing. Bitcoin UP.

[cypherdoc]

Big test for stocks tomorrow

[1714163432]

1714163432

[FNG]

Big test for stocks tomorrow

I'm guessing it's going to be an ugly day for stocks.

[kodtycoon]

Big test for stocks tomorrow

I'm guessing it's going to be an ugly day for stocks.

whats happening thats gong to make it an ugly day for stocks?

[theonewhowaskazu]

Switched position on the vix 2 days ago. Now I'm sweating bullets because of the huge contango. Today will probably give me the out I need. Hopefully at a profit.

[FNG]

Big test for stocks tomorrow

I'm guessing it's going to be an ugly day for stocks.

whats happening thats gong to make it an ugly day for stocks?

Futures down nearly 1%, gold soaring, DOW 17k didn't hold, BIS calling on Central Banks to bring forward the down leg of the cycle to prevent a bust

People are ready to panic imo

[Ivanhoe]

Big test for stocks tomorrow

I'm guessing it's going to be an ugly day for stocks.

whats happening thats gong to make it an ugly day for stocks?

Portugal fears in Europe.

[kodtycoon]

Big test for stocks tomorrow

I'm guessing it's going to be an ugly day for stocks.

whats happening thats gong to make it an ugly day for stocks?

Futures down nearly 1%, gold soaring, DOW 17k didn't hold, BIS calling on Central Banks to bring forward the down leg of the cycle to prevent a bust

People are ready to panic imo

hmm lets hope this all benefits bitcoin

[theonewhowaskazu]

Shit look at gold even comex. This actually might be the beginning of zero hedges long predicted European gold boom.

[Erdogan]

decent article by Krawisz:

http://nakamotoinstitute.org/mempool/bitcoins-rugged-individualism/

Even better article by Rochard:

http://nakamotoinstitute.org/mempool/speculative-attack/

He doesn't use the term in this article, but what he describes is the greatest carry trade in history.

I liked the skeptics, from that site:

http://nakamotoinstitute.org/the-skeptics/

They even have a Serious Economist, Lisa Kramer.

[Erdogan]

decent article by Krawisz:

http://nakamotoinstitute.org/mempool/bitcoins-rugged-individualism/

He basically says that storing bitcoin is easy for individuals, but for organizations of diverse type it is difficult and costly. Interesting.

[cypherdoc]

Blowback happening.

http://www.zerohedge.com/news/2014-07-10/germany-expels-cia-chief-over-spying-scandal-amid-deep-rift

This is what happens when you get so full of yourself.

[boraf]

Blowback happening.

http://www.zerohedge.com/news/2014-07-10/germany-expels-cia-chief-over-spying-scandal-amid-deep-rift

This is what happens when you get so full of yourself.

US is spying on its ally?

[cypherdoc]

Blowback happening.

http://www.zerohedge.com/news/2014-07-10/germany-expels-cia-chief-over-spying-scandal-amid-deep-rift

This is what happens when you get so full of yourself.

US is spying on its ally?

US is spying on its citizens?

[cypherdoc]

This is a big deal. Govt backing in Japan;

http://www.coindesk.com/government-backed-bitcoin-industry-association-launch-japan/

[cypherdoc]

Gold:  I smell a trap.

[traderCJ]

Gold:  I smell a trap.

[CryptInvest]

Naturally. Bitcoin easier to store, transport, carry out transactions and so on. In the end, the value of gold is determined only by the fact that it is made into jewelry and some trace components contain it.

[traderCJ]

Naturally. Bitcoin easier to store, transport, carry out transactions and so on. In the end, the value of gold is determined only by the fact that it is made into jewelry and some trace components contain it.

Yes, as is every other crypto-currency.  In fact, many of them are superior to Bitcoin in features.  Also, just because I can't carry a duplex to the store to purchase something doesn't mean it has no value.  On the contrary, I can issue paper/crypto notes with a claim against that valuable asset.  And no, the value of gold has never been solely determined by it's industrial value.

[TeeBone]

Resistance broken on high volume today. Good sign, but 1400 is the magic number. We'll be retesting that soon, shorts are in control til that gets taken out. Then it'll be squeeze time like a mofo and the mega-bull cycle begins.

Gold is dead, YAY ! Keep believin' that, FUDsters...

[Erdogan]

decent article by Krawisz:

http://nakamotoinstitute.org/mempool/bitcoins-rugged-individualism/

He basically says that storing bitcoin is easy for individuals, but for organizations of diverse type it is difficult and costly. Interesting.

Looking forward based on this: If the problem (organizations holding bitcoin) is real, could we see bitcoin used by individuals for saving, and something else like gold used for saving in organizations? Bitcoins of course used for transactions.