Gold collapsing. Bitcoin UP.

[cypherdoc]

bulls gotta be worried about this. sliding down the mountain:

[1714007494]

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[1714007494]

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[niothor]

We're close to a rise, any time now with all the good things coming to bitcoin!!

[cypherdoc]

nice graph from Pantera.  Bitcoin continuing to gain on altscams:

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf

[rocks]

nice graph from Pantera.  Bitcoin continuing to gain on altscams:

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf

The majority of altcoins are speculative, so it is logical that during the Nov 2013 spike altcoins ran up and then drifted down as speculative fever subsided. It will be interesting to see if altcoins spike again during the next bitcoin run or not.

[cypherdoc]

India is the fastest-growing smartphone market in the world driven by the availability of cheap devices with most people getting online through mobile networks, according to Pieters.

http://www.bloomberg.com/news/2014-10-06/vodafone-invests-1-billion-in-india-to-drive-data-use.html

[cypherdoc]

Moar blackhole shit.  there is absolutely no evidence that the Fed will ever raise interest rates.  the gvt continues to suck in all productive capital:

Buy all the bonds!

[cypherdoc]

...except these bonds:

[Adrian-x]

the great thing about the Blockchain.info investment is that of all the wallets and exchanges out there, blockchain.info adheres most closely to the founding principles of Satoshi and Bitcoin. headed by Roger Ver, you just know that blockchain.info will never do anything to compromise the original Bitcoin vision; that of privacy (tumbling), personal handling of keys, safety, and great development. they even pay all their employees in Bitcoin negating the need for banks.

this development almost ensures Bitcoin's long term survival.

sure but without a company bank account, how is that $30M invested, is the investor going to be buying bitcoin? is that the reason for this big drop, a predetermined quantity of bitcoin at an average rate on a set date?

[cypherdoc]

the great thing about the Blockchain.info investment is that of all the wallets and exchanges out there, blockchain.info adheres most closely to the founding principles of Satoshi and Bitcoin. headed by Roger Ver, you just know that blockchain.info will never do anything to compromise the original Bitcoin vision; that of privacy (tumbling), personal handling of keys, safety, and great development. they even pay all their employees in Bitcoin negating the need for banks.

this development almost ensures Bitcoin's long term survival.

sure but without a company bank account, how is that $30M invested, is the investor going to be buying bitcoin? is that the reason for this big drop, a predetermined quantity of bitcoin at an average rate on a set date?

altho your question makes sense, i don't think they ever said they don't have a bank acct; only that all their income and expenses are done in BTC. 

i'm also sure they've figured out how to accept the money somehow!

[cypherdoc]

fear refusing to abate:

[cypherdoc]

Dow -177

[cypherdoc]

The idea that the world is ending and the accompanying demand for guns, canned food, bottled water and gold, is having difficulty attracting new adherents in an era of falling unemployment and rising wages. Indeed, many of those who hold those views are having a hard time reconciling their misplaced faith with reality.

http://www.bloombergview.com/articles/2014-10-06/how-low-can-gold-go

[Adrian-x]

the great thing about the Blockchain.info investment is that of all the wallets and exchanges out there, blockchain.info adheres most closely to the founding principles of Satoshi and Bitcoin. headed by Roger Ver, you just know that blockchain.info will never do anything to compromise the original Bitcoin vision; that of privacy (tumbling), personal handling of keys, safety, and great development. they even pay all their employees in Bitcoin negating the need for banks.

this development almost ensures Bitcoin's long term survival.

sure but without a company bank account, how is that $30M invested, is the investor going to be buying bitcoin? is that the reason for this big drop, a predetermined quantity of bitcoin at an average rate on a set date?

altho your question makes sense, i don't think they ever said they don't have a bank acct; only that all their income and expenses are done in BTC.  

i'm also sure they've figured out how to accept the money somehow!

I'm sure he could find a way to accept $30M, but until recently they clained no bank count.

My company is a 100 percent Bitcoin-based business. We don’t even have a corporate bank account. All of our employees are paid in Bitcoin and we do everything we can to maintain a Bitcoin economy.

[cypherdoc]

the great thing about the Blockchain.info investment is that of all the wallets and exchanges out there, blockchain.info adheres most closely to the founding principles of Satoshi and Bitcoin. headed by Roger Ver, you just know that blockchain.info will never do anything to compromise the original Bitcoin vision; that of privacy (tumbling), personal handling of keys, safety, and great development. they even pay all their employees in Bitcoin negating the need for banks.

this development almost ensures Bitcoin's long term survival.

sure but without a company bank account, how is that $30M invested, is the investor going to be buying bitcoin? is that the reason for this big drop, a predetermined quantity of bitcoin at an average rate on a set date?

altho your question makes sense, i don't think they ever said they don't have a bank acct; only that all their income and expenses are done in BTC. 

i'm also sure they've figured out how to accept the money somehow!

I'm sure he could find a way to accept $30M, but until recently they clained no bank count.

My company is a 100 percent Bitcoin-based business. We don’t even have a corporate bank account. All of our employees are paid in Bitcoin and we do everything we can to maintain a Bitcoin economy.

maybe they'll need to buy $30M in BTC?

[Melbustus]

so here you go; affirmation of my bucket theory with all levels rising in aggregate but at different rates and different times:

In full disclosure I’ve started buying it again after staying mostly on the sidelines for most of the past two years.

http://avc.com/2014/10/bitcoin-price-and-promise/

of course it makes sense.  as the price drops to lower and lower levels, the financially astute who believe in and understand the fundamental and technical promise of Bitcoin, decide to buy.  how can they resist?  coins are cheap!

Wow, that's a big statement from Fred. Granted, he qualified his "I'm buying" statement a few sentences below in that post, but he's always been *very* careful about recommending the asset or even implying price appreciation.

It's funny, the big VCs and the Founders of the major VC-backed companies (Allaire, for instance) are always extremely careful to *not* talk *directly* about price-potential, yet they all talk about the potential for huge commerce to be done via bitcoin, requiring a lot more "liquidity" (ie, 10-100x boost in overall purchasing power). They're not idiots. They know what that means for price.

[cypherdoc]

oil solidly under $90. that's not good:

[Melbustus]

nice graph from Pantera.  Bitcoin continuing to gain on altscams:

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf

This is my new favorite chart.

[cypherdoc]

nice graph from Pantera.  Bitcoin continuing to gain on altscams:

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf

This is my new favorite chart.

no, this one:

[cypherdoc]

looks like the RUT bounce is failing.  that's not good, either:

[cypherdoc]

Dow -209