Torque
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September 25, 2014, 02:01:43 PM |
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From cypher's twitter: "its also the way out for the Millennials to escape the debt hole we Boomers r forcing upon them."
This tweet really grabbed me. Very interesting thought, fascinating actually. I'll be pondering about this one the coming days. Thanks for the inspiration.
I agree. Especially if at the very least cryptocurrencies turn the next 2-3 generations of young people from debt spenders to savers, and they pay off short-term debts, stop taking loans for everything, cut up credit cards, and only use cash/crypto for everything. Then the world financial economies will have to make MAJOR adjustments. I remain hopeful.
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cypherdoc (OP)
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September 25, 2014, 03:07:43 PM |
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S&P should hit 3k to 5k before the final collapse and bitcoin uber bubble. I think next few years theres giong to be a fire to get into US dollar and stocks.. how that affects bitcoin is anyones guess. Look at how after every dip its bought strongly... every dip shorters come and say this is the one.. but it will happen when you least expect and are super bullish US.
i don't know man. i respect you as you've been right so far on the stock mkt. right now, it ain't looking so good.
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cypherdoc (OP)
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September 25, 2014, 03:12:48 PM |
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unsurprisingly, VIX spiking:
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cypherdoc (OP)
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September 25, 2014, 03:17:26 PM |
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silver can be a stock mkt leading indicator: 5y weekly $DXY: i'm actually looking for a short term bounce in gold but the intermediate term cycle is still down.
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cypherdoc (OP)
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September 25, 2014, 04:49:56 PM |
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hmmm. BHP FCX copper futures soybeans all other softs are down as well iron ore commercial RE-IYR; this can't be good
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cypherdoc (OP)
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September 25, 2014, 05:32:54 PM |
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oh, this looks fair:
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justusranvier
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September 25, 2014, 05:56:20 PM |
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In part one of that article series he bragged about suing his business competitors in federal court for getting away with things he didn't. Any further douchebaggery on his part after that revelation falls into the "not even a little bit surprising" category.
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ssmc2
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September 25, 2014, 05:58:40 PM |
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rocks
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September 25, 2014, 06:47:20 PM |
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I'm not sure we can compare exchanges with and without fees. So all statistics are not quite accurate (maybe errors by order of magnitude) Alibaba is taking direct aim at Amazon and Walmart. Chinese companies are becoming more and more comfortable about competing in established overseas markets and their exchanges must have implicit support from the chinese government. Both amazon and Walmart are significantly more than websites. The amount of distribution infrastructure both have built is quite massive. Heck Walmart was using satilights to move information to optimize distribution in the 70s, I believe before wall street started to use them to move data.
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HeliKopterBen
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September 25, 2014, 07:23:24 PM |
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Most people have forgotten how bitcoin tends to violently crash up.
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Counterfeit: made in imitation of something else with intent to deceive: merriam-webster
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cypherdoc (OP)
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September 25, 2014, 07:30:14 PM |
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well, here's some debt that is being sold off:
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rocks
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September 25, 2014, 07:53:37 PM |
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oh, this looks fair: The 40s - 60s are not the norm, that data was driven by the fact that there was a historic labor shortage in the US, caused by the fact that after bombing all other manufacturing centers in WWII the US represented over 50% of the world's manufacturing base. Labor's strength as shown in the chart is not happening again unless the US becomes 50% of the manufacturing base again, which will only happen if we have WWIII. I'm not in favor of killing billions of humans to achieve this....
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cypherdoc (OP)
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September 26, 2014, 12:47:04 AM |
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i'm definitely a buyer here. bought yesterday and today.
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bucktotal
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September 26, 2014, 01:26:39 AM |
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cypherdoc's "support/resistance" strat vs Ryan's EWology strat. i got my popcorn, my bitcoins and my fiat ready
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cypherdoc (OP)
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September 26, 2014, 02:22:44 AM |
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cypherdoc's "support/resistance" strat vs Ryan's EWology strat. i got my popcorn, my bitcoins and my fiat ready there's way more than just support/resistance strategy.
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FNG
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September 26, 2014, 05:43:00 AM |
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Is anybody buying gold at this point? With fiat or with btc? Seems like a buy right now...but with what?
"Latest official gold reserve data from the International Monetary Fund (IMF) shows that Russia again added to its gold reserves in August, with the Central bank of the Russian Federation purchasing 232,510 ozs (7.23 tonnes) and bringing its total gold reserves to 35.769 million ozs or 1,112.5 tonnes. Likewise, the National Bank of Kazakhstan purchased a massive 795,213 ozs or 24.7 tonnes in August bringing its total gold reserves to 5.848 million ozs (181.9 tonnes). Turkey was also a gold buyer in August and the Turkish central bank adding 96,783 ozs (3 tonnes) to bring its total official gold reserves to 16.45 million ozs (511.6 tonnes), which is the world's 12th largest official gold holding. According to the IMF data, other countries which added to their gold reserves in August included the central banks of Azerbaijan and Ukraine. " Buy with fiat. Fiat should always be sold for btc or gold
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ginpalace
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September 26, 2014, 05:43:33 AM |
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Is anybody buying gold at this point? With fiat or with btc? Seems like a buy right now...but with what?
Yes, someone is buying. Countries like China, Russia and India are leading. I had 33 bitcoins. Now I have 30 bitcoins, 1/2 oz Gold, 10 oz silver and a bag of weed. I don´t have more FIAT to spend on silver, gold nor bitcoins. Otherwise it would be instant buy.
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zeetubes
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September 26, 2014, 06:48:05 AM |
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Is anybody buying gold at this point? With fiat or with btc? Seems like a buy right now...but with what?
Yes, someone is buying. Countries like China, Russia and India are leading. I had 33 bitcoins. Now I have 30 bitcoins, 1/2 oz Gold, 10 oz silver and a bag of weed. I don´t have more FIAT to spend on silver, gold nor bitcoins. Otherwise it would be instant buy. You can also look at it from another perspective. Some central banks are buying and some, like the Fed, are supressing the price. If they are trying to keep the price suppressed then it is obviously important enough to them that they can't ignore it and allow price discovery to occur. Also the new Shanghai metals exchange doesn't allow naked shorting. If the chinese government decides this is a good opportunity to reveal how much they've accumulated over the last five years then it would be a good time to own some gold.
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ginpalace
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September 26, 2014, 07:47:20 AM |
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All these news lately have led me in to conclusion there will be surge in all three: gold, silver and bitcoin.
The biggest financial decision for me is to decide in which order these assets are going jump to next magnitude. As today, I am almost all in with bitcoin but started to balance my positions.
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