Gold collapsing. Bitcoin UP.

[ShroomsKit_Disgrace]

2^11 is 2016?

it's 2048 on my calculator )

 

2016 is 2048 after an integer overflow.

It is also the year when 1BTC = 1million $. 

[1714012079]

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[1714012079]

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[1714012079]

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[cypherdoc]

let me emphasize this point once again.

as long as gold and silver are falling, there is no reason you should be selling your Bitcoin.

[cypherdoc]

silver criticality incoming.

first critical breach is $19 for psychological reasons.  then 18.70, finally 18.17.

first breach accomplished

second breach accomplished

third breach accomplished.

Mission complete.

[cypherdoc]

ugly, just ugly:

[cypherdoc]

gold sliding down the mountain.  soon to go over the cliff following silver:

[cypherdoc]

miners still look like crap:

GDX:



GDXJ:

[cypherdoc]

since everyone prefers things that go UP, here are my double shorts.  thank gaud for them to help blunt this Bitcoin dip:



notice how ZSL has blown thru two resistance levels today. yowser!:

[cypherdoc]

i know everyone's feeling bad right about now with this relentless pullback but i strongly believe Bitcoin is going to start diverging UP inversely from gold very soon.  in the big fractal of the Bitcoin price chart, we look to be completing the retest of the initial low @339.  the bounce should begin:

[cypherdoc]

these 2 charts are the most unpredictable of all, UST's and USD.  one, or both of them, won't do well in the next crisis:

looks like TLT is starting to hook up again=more blackhole sh*t:



here's the USD trying to get back over resistance and off to the races  we're in the window of the daily cycle bottom which probably occurred on 9/16 but i'd like more confirmation:

[_mr_e]

i know everyone's feeling bad right about now with this relentless pullback but i strongly believe Bitcoin is going to start diverging UP inversely from gold very soon.  in the big fractal of the Bitcoin price chart, we look to be completing the retest of the initial low @339.  the bounce should begin:

"Should" is the scary word here 

[Melbustus]

these 2 charts are the most unpredictable of all, UST's and USD.  one, or both of them, won't do well in the next crisis:
...

I think USTs will do fine, comparatively (or at least for a while while other stuff crashes first). For the simple reason that we know the Fed is ready, willing, and able to do massive QE. They will support the price of USTs at the expense of the dollar. Obviously there's a limit, but I think they'll really push it in a crises that threatens to crush bonds. Perhaps oddly, USTs are therefore more "mighty" than the dollar.

[cypherdoc]

i know everyone's feeling bad right about now with this relentless pullback but i strongly believe Bitcoin is going to start diverging UP inversely from gold very soon.  in the big fractal of the Bitcoin price chart, we look to be completing the retest of the initial low @339.  the bounce should begin:

"Should" is the scary word here 

no kidding 

its during times like these that reading technical articles about the math behind Bitcoin restores confidence in what we're dealing with.  read Graf's article i posted above.

also, ignore idiots like Severro.  notice how those punks never enter this thread except for the one time fallling dared to post?  they don't dare to hang out in threads where there is actual intelligent ppl and discussion going on.  plus, i'd rip him to shreds.  he never talks about anything technical b/c i'm sure he doesn't understand what Bitcoin is or what it represents.  he just a hired troll used to scare the weak minded.

[Melbustus]

...

"Should" is the scary word here 

no kidding 

its during times like these that reading technical articles about the math behind Bitcoin restores confidence in what we're dealing with.  read Graf's article i posted above.

also, ignore idiots like Severro.  notice how those punks never enter this thread except for the one time fallling dared to post?  they don't dare to hang out in threads where there is actual intelligent ppl and discussion going on.  plus, i'd rip him to shreds.  he never talks about anything technical b/c i'm sure he doesn't understand what Bitcoin is or what it represents.  he just a hired troll used to scare the weak minded.

Or just watch that Wences video I keep posting. The trolls can think and post what they want, but the reality is that bitcoin is an unprecedented advance in the technology of money, and given the extraordinary efficiency gains inherent in improving the one technology that moves all value around the world, it'll slowly but surely seep into the core of global human exchange.

Let the weak-minds do what they do best: emotionally react rather than intelligently evaluate.

[cypherdoc]

this would be such a brilliant place for a stock mkt top after 2d of fake breakout rally after bullshit FOMC.  we're way overdue after not fixing a single fricking thing on Wall St after what they caused first in 2001 and then 2008.  we got a spinning top going today:



here's the VIX:



mind you, this is the least confident thing i'd bank on given the extent of moral hazard Wall St is willing to run on.

[cypherdoc]

how fitting would this be?  "Alibaba (BABA) top ticks the stock mkt with the largest IPO in history":

[cypherdoc]

selling it off baby, selling it off:

[Syke]

What's so special about 2016 blocks anyway, why was this number chosen by Satoshi?

Difficulty update roughly every 2 weeks:

14 days * 24 hours * 6 blocks/hour = 2016 blocks in 2 weeks.

[iCEBREAKER]

ugly, just ugly:
*silver falling*

Ugly?  Beauty is in the eye of the behloder.   

To me, $18 silver is lovely.  Can't wait to stack more $20 SAE and Maples!

I hope it goes back down to $5/oz...   

[S3052]

ugly, just ugly:
*silver falling*

Ugly?  Beauty is in the eye of the behloder.   

To me, $18 silver is lovely.  Can't wait to stack more $20 SAE and Maples!

I hope it goes back down to $5/oz...   

5$ is quite likely to be touched by Silver in the next 2 years

[HeliKopterBen]

I think it would be a very appropriate time to start a "stock market collapsing, bitcoin up" thread.