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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032126 times)
kehtolo
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September 26, 2014, 10:20:37 AM
 #12701

Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

The next 24 hours are critical!
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kehtolo
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September 26, 2014, 10:28:00 AM
 #12702

Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

Nobody wants to jump on our sinking ship Undecided

You can call it that if you want.. I won't. I wouldn't mind if Schiff doesn't mention bitcoin - he was staunchly anti bitcoin all along.
He had made one or two concessions recently towards bitcoin but he is still a Goldbug pure and simple.

The takeaway point here is that QE and the dollar are fucked. At least he sees that!


The next 24 hours are critical!
devphp
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September 26, 2014, 10:28:28 AM
 #12703

Nobody wants to jump on our sinking ship Undecided

There is a way out of this sinking ship though.
marcus_of_augustus
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September 26, 2014, 10:58:57 AM
 #12704

Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

Nobody wants to jump on our sinking ship Undecided


You should probably get that myopia checked out, it might be costing you some serious large long term benefits.

marcus_of_augustus
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September 26, 2014, 11:10:26 AM
 #12705

Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

Nobody wants to jump on our sinking ship Undecided


You should probably get that myopia checked out, it might be costing you some serious large long term benefits.

Nice lines Roll Eyes Bitcoin is $394 on BTC-e

... quick, you better close out your shorts then.

BlindMayorBitcorn
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September 26, 2014, 11:42:27 AM
 #12706

Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

Nobody wants to jump on our sinking ship Undecided


You should probably get that myopia checked out, it might be costing you some serious large long term benefits.

Nice lines Roll Eyes Bitcoin is $394 on BTC-e

... quick, you better close out your shorts then.

Nope. $390;)

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
inca
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September 26, 2014, 12:03:32 PM
 #12707

Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

Nobody wants to jump on our sinking ship Undecided


You should probably get that myopia checked out, it might be costing you some serious large long term benefits.

Nice lines Roll Eyes Bitcoin is $394 on BTC-e

... quick, you better close out your shorts then.

Nope. $390;)

You'll learn. Shorting a bear market is easy until it isn't. Timing the end of a bear market is difficult. Most traders get burned. You may pick up a few more pennies betting on the demise of bitcoin but don't come whining when the price jumps 10% in 30 minutes like it did earlier this week.
arieq
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September 26, 2014, 12:10:22 PM
 #12708

IMO, BTC can not be mainstream, because it's already 1/2 out and it's going to be harder than mining gold.
How could something this hard to generate to be use daily? It should worth 1 BTC per house in US. Assuming 2016 will take 3 months to mint 1 BTC.

justusranvier
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September 26, 2014, 12:12:10 PM
 #12709

How could something this hard to generate to be use daily?
How much iron ore do you personally refine on any given day?
boumalo
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September 26, 2014, 12:27:16 PM
 #12710

Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

Nobody wants to jump on our sinking ship Undecided


You should probably get that myopia checked out, it might be costing you some serious large long term benefits.

Nice lines Roll Eyes Bitcoin is $394 on BTC-e

... quick, you better close out your shorts then.

Nope. $390;)

You'll learn. Shorting a bear market is easy until it isn't. Timing the end of a bear market is difficult. Most traders get burned. You may pick up a few more pennies betting on the demise of bitcoin but don't come whining when the price jumps 10% in 30 minutes like it did earlier this week.

Exactly, it is very dangerous to short Bitcoin if you think it will go up in the medium long term, it is safer to sell a portion of your holdings when you think it is going to go down and buy back when you consider it will recover soon

wachtwoord
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September 26, 2014, 12:32:52 PM
 #12711

IMO, BTC can not be mainstream, because it's already 1/2 out and it's going to be harder than mining gold.
How could something this hard to generate to be use daily? It should worth 1 BTC per house in US. Assuming 2016 will take 3 months to mint 1 BTC.

What? It will even work fine when it is literary impossible to mine Bitcoin.
thezerg
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September 26, 2014, 01:15:17 PM
 #12712

Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

Nobody wants to jump on our sinking ship Undecided

You should probably get that myopia checked out, it might be costing you some serious large long term benefits.

Nice lines Roll Eyes Bitcoin is $394 on BTC-e

... quick, you better close out your shorts then.

Nope. $390;)

You'll learn. Shorting a bear market is easy until it isn't. Timing the end of a bear market is difficult. Most traders get burned. You may pick up a few more pennies betting on the demise of bitcoin but don't come whining when the price jumps 10% in 30 minutes like it did earlier this week.

What did we call it back in 2012?  "...collecting nickels in front of the steamroller."
cypherdoc (OP)
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September 26, 2014, 01:29:39 PM
Last edit: September 26, 2014, 01:47:24 PM by cypherdoc
 #12713

This is pretty huge.

The Danish gvt invested in Coinify:

SEED Capital is partly supported by Vækstfonden, the Danish government’s fund for creating growth in new companies. “This must be the first time government funds are invested in a Bitcoin company,” Olesen commented to CoinTelegraph.

http://cointelegraph.com/news/112607/coinify-seals-multi-million-external-funding-backed-by-danish-govt
cypherdoc (OP)
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September 26, 2014, 01:59:28 PM
 #12714

gold getting smacked again.  Bitcoin stable.
cypherdoc (OP)
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September 26, 2014, 02:14:08 PM
 #12715

the $DXY is breaking away from support and gathering momentum:

wachtwoord
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September 26, 2014, 02:14:13 PM
 #12716

This is pretty huge.

The Danish gvt invested in Coinify:

SEED Capital is partly supported by Vækstfonden, the Danish government’s fund for creating growth in new companies. “This must be the first time government funds are invested in a Bitcoin company,” Olesen commented to CoinTelegraph.

http://cointelegraph.com/news/112607/coinify-seals-multi-million-external-funding-backed-by-danish-govt

It's much smaller than it seems. The Danish government (as many north-western European governments) just subsidizes start-ups in general.
cypherdoc (OP)
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September 26, 2014, 02:16:04 PM
 #12717

here's the Euro double short:

cypherdoc (OP)
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September 26, 2014, 02:21:41 PM
 #12718

This is pretty huge.

The Danish gvt invested in Coinify:

SEED Capital is partly supported by Vækstfonden, the Danish government’s fund for creating growth in new companies. “This must be the first time government funds are invested in a Bitcoin company,” Olesen commented to CoinTelegraph.

http://cointelegraph.com/news/112607/coinify-seals-multi-million-external-funding-backed-by-danish-govt

It's much smaller than it seems. The Danish government (as many north-western European governments) just subsidizes start-ups in general.

SEED Capital just doesn't invest in any 'ol startup.  and they're not going to invest in something the Danish gvt disapproves of. Unless we see an immediate retraction of this support and an explicit disapproval of Bitcoin association, this is a huge development as it represents the very first time a sovereign gvt has invested in a Bitcoin business.

given all the "mehs" i'm seeing around this news, i'd say we've hit a bottom in sentiment.
wachtwoord
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September 26, 2014, 02:28:09 PM
 #12719

This is pretty huge.

The Danish gvt invested in Coinify:

SEED Capital is partly supported by Vækstfonden, the Danish government’s fund for creating growth in new companies. “This must be the first time government funds are invested in a Bitcoin company,” Olesen commented to CoinTelegraph.

http://cointelegraph.com/news/112607/coinify-seals-multi-million-external-funding-backed-by-danish-govt

It's much smaller than it seems. The Danish government (as many north-western European governments) just subsidizes start-ups in general.

SEED Capital just doesn't invest in any 'ol startup.  and they're not going to invest in something the Danish gvt disapproves of. Unless we see an immediate retraction of this support and an explicit disapproval of Bitcoin association, this is a huge development as it represents the very first time a sovereign gvt has invested in a Bitcoin business.

given all the "mehs" i'm seeing around this news, i'd say we've hit a bottom in sentiment.

We have definitely reached a bottom in sentiment. Just see the reaction to PayPal being semi-positive about Bitcoin and tentatively incorporating it in its business. Who would have thought that just one year ago? In Bitcoin everything moves so fast. If the Paypal news would have been in November of last year it would have made a huge impact on Bitcoin price (short term of course).
cypherdoc (OP)
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September 26, 2014, 02:44:25 PM
 #12720

This is pretty huge.

The Danish gvt invested in Coinify:

SEED Capital is partly supported by Vækstfonden, the Danish government’s fund for creating growth in new companies. “This must be the first time government funds are invested in a Bitcoin company,” Olesen commented to CoinTelegraph.

http://cointelegraph.com/news/112607/coinify-seals-multi-million-external-funding-backed-by-danish-govt

It's much smaller than it seems. The Danish government (as many north-western European governments) just subsidizes start-ups in general.

SEED Capital just doesn't invest in any 'ol startup.  and they're not going to invest in something the Danish gvt disapproves of. Unless we see an immediate retraction of this support and an explicit disapproval of Bitcoin association, this is a huge development as it represents the very first time a sovereign gvt has invested in a Bitcoin business.

given all the "mehs" i'm seeing around this news, i'd say we've hit a bottom in sentiment.

We have definitely reached a bottom in sentiment. Just see the reaction to PayPal being semi-positive about Bitcoin and tentatively incorporating it in its business. Who would have thought that just one year ago? In Bitcoin everything moves so fast. If the Paypal news would have been in November of last year it would have made a huge impact on Bitcoin price (short term of course).

given that gvt is the fundamental organizational unit that can legally enforce a clamp down on Bitcoin, the fact that a non US gvt has now financially invested into a Bitcoin startup for the first time in its history makes a global crackdown on Bitcoin much less likely.

there is enough positive fundamentals within Bitcoin that will divide gvt opinion, which is a very good thing.
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