Gold collapsing. Bitcoin UP.

[cypherdoc]

one of the important indicators i use in addition to cycle theory, momentum, stochastics, fibs, etc, is Dow Theory.  the $DJI & $DJT have been moving in lock step so far and one of the structural formations i'm looking for at a major top for the stock mkt is what's called a Dow Theory non-confimation.  that usually means one of the two indices will set a new high while the other fails to do the same.  now that it appears we're getting a short term bounce here right now, i'm watching for this very finding.

[cypherdoc]

geez o meez:

[cypherdoc]

so when exactly is this 51% attack coming?

[cypherdoc]

lots of investment pouring into the space:
   
Blockchain Is Latest Bitcoin Start-Up to Lure Big Investment

http://dealbook.nytimes.com/2014/10/06/blockchain-is-latest-bitcoin-start-up-to-lure-big-investment/?_php=true&_type=blogs&_php=true&_type=blogs&_r=1&

Overstock.com Assembles Coders to Create a Bitcoin-Like Stock Market



"SNAPCARD Raises $1.5 Million from Tim Draper." Looks like tim draper is a hard core bitcoin believer

http://www.reddit.com/r/Bitcoin/comments/2ig13w/snapcard_raises_15_million_from_tim_draper_looks/

[vuduchyld]

That Overstock/XCP alliance might end up being hard to execute...may face some regulatory hurdles...definitely some possible stumbling blocks.

BUT...if they do what they are trying to do, it could also completely revolutionize financial markets.  I mean, it could be THE big thing.  It could legitimize some of the bitcoin-is-the-internet-of-money, or at least blockchain-is-the-internet-of-money commentary we've heard.

I thought this article was good because even I could follow it: http://www.wired.com/2014/10/overstock-com-assembles-coders-build-bitcoin-like-stock-market/

I'm a little surprised some of the other alts haven't gone up in sympathy with XCP, especially BTM (disclosure: I do own about 1 BTC worth)

Edit: looks like Doge has taken that ride up...microtransactions FTW?  Which is part of why I thought BTM might.

[blaaaaacksuit]

That Overstock/XCP alliance might end up being hard to execute...may face some regulatory hurdles...definitely some possible stumbling blocks.

BUT...if they do what they are trying to do, it could also completely revolutionize financial markets.  I mean, it could be THE big thing.  It could legitimize some of the bitcoin-is-the-internet-of-money, or at least blockchain-is-the-internet-of-money commentary we've heard.

I thought this article was good because even I could follow it: http://www.wired.com/2014/10/overstock-com-assembles-coders-build-bitcoin-like-stock-market/

I'm a little surprised some of the other alts haven't gone up in sympathy with XCP, especially BTM (disclosure: I do own about 1 BTC worth)

Edit: looks like Doge has taken that ride up...microtransactions FTW?  Which is part of why I thought BTM might.

I could definitely see something like btm catching on around the Internet in the future.

[cbeast]

So if the stock market becomes decentralized, what will that do to the HFT industry? Will they become miners?

[cypherdoc]

Andreesen cranking it ;

http://mobile.businessweek.com/news/2014-10-07/andreessen-on-finance-we-can-reinvent-the-entire-thing

[kehtolo]

Andreesen cranking it ;

http://mobile.businessweek.com/news/2014-10-07/andreessen-on-finance-we-can-reinvent-the-entire-thing

This has made me feel even more bullish now, thanks!

[NotLambchop]

Gold collapsing.  Bitcoin tanking.  Dollar UP.

[BldSwtTrs]

That Overstock/XCP alliance might end up being hard to execute...may face some regulatory hurdles...definitely some possible stumbling blocks.

BUT...if they do what they are trying to do, it could also completely revolutionize financial markets.  I mean, it could be THE big thing.  It could legitimize some of the bitcoin-is-the-internet-of-money, or at least blockchain-is-the-internet-of-money commentary we've heard.

I thought this article was good because even I could follow it: http://www.wired.com/2014/10/overstock-com-assembles-coders-build-bitcoin-like-stock-market/

I'm a little surprised some of the other alts haven't gone up in sympathy with XCP, especially BTM (disclosure: I do own about 1 BTC worth)

Edit: looks like Doge has taken that ride up...microtransactions FTW?  Which is part of why I thought BTM might.

I could definitely see something like btm catching on around the Internet in the future.

What the fuck is BTM?

[EFS]

I could definitely see something like btm catching on around the Internet in the future.

What the fuck is BTM?

Just another altcoin called Bitmark.

[BlindMayorBitcorn]

Gold collapsing.  Bitcoin tanking.  Dollar UP.

New thread!

[Thomas-s]

I could definitely see something like btm catching on around the Internet in the future.

What the fuck is BTM?

Just another altcoin called Bitmark.

Doesn't seem to be "Just another altcoin", marking is pretty awesome.

[FNG]

Dow down 150

[xcapator]

Dow down 150

It won't happen ! ASICs company will temporary jack up the market in order to let their ASICs sales and this should be push back to 400+ in few days. If they don't do this they will have to end their ASICs business.

[cypherdoc]

Dow down 150

There's no question is struggling. Like I said, All the major indices have weekly or intermediate term sell signals on.  I'm looking for a particular structural configuration that occurs at the majority of all major tops.  Unfortunately, it'sa  piece meal process that will take weeks to months

My view is that what happens to the stock market will have long lasting effects on the adoption of Bitcoin.   

[cypherdoc]

Andreesen cranking it ;

http://mobile.businessweek.com/news/2014-10-07/andreessen-on-finance-we-can-reinvent-the-entire-thing

This has made me feel even more bullish now, thanks!

I penned a newsletter at the San Jose conf back in 2013 called Wall Street versus Silicon Valley. In other word,  paper pushers versus productivity drivers.

I still think Silicon Valley wins.

[cypherdoc]

What happened to all the trolls around here who say this kind of stuff  never happened?

Bloomberg - U.K. Wins First Guilty Plea From Banker on Libor-Rigging

http://bloom.bg/1s5dwl1

[NotLambchop]

geez o meez:

I know, right?