FNG
|
|
October 10, 2014, 03:20:25 AM |
|
Someone has to prop up the markets I cannot comprehend how confidence has still not been completely lost
|
|
|
|
iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
|
|
October 10, 2014, 04:01:12 AM |
|
This CFTC meeting is bullish as fuck!
The commissioner's closing remarks were indeed quite positive. He prefaced the following by noting that he considered the Professor's (panelist Houman Shadab) remarks about tying assets to the blockchain quite fascinating. He continued: Is there a Tube? I know Houman from way back and am pleasantly surprised to see him again, in the eye of the Hurricane Bitcoin no less!
|
██████████ ██████████████████ ██████████████████████ ██████████████████████████ ████████████████████████████ ██████████████████████████████ ████████████████████████████████ ████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ████████████████████████████████ ██████████████ ██████████████ ████████████████████████████ ██████████████████████████ ██████████████████████ ██████████████████ ██████████ Monero
|
| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
|
| | |
|
|
|
zeetubes
|
|
October 10, 2014, 04:08:57 AM |
|
Someone has to prop up the markets I cannot comprehend how confidence has still not been completely lost The bulk of that money is disappearing into the black hole otherwise known as the banks' balance sheets. Which is probably north of $300T so it's only the comparatively smaller chunks that show up in the mainstream economy, causing mild inflation in the US. Some of the inflation that would otherwise show up is being exported courtesy of the Fed, especially to Asia. Frothy real estate markets like Singapore, Shanghai, HK, Sydney are starting to show some cracks at the high end with failed auctions. But high-end art and collectibles are still selling well. Despite what the fed mouthpieces are saying I don't see any way they can end QE(ternity) without a complete collapse, although they may sneak it in via another bs program. I think all we need now is a black swan to really kick things into gear. Ebola?
|
|
|
|
zeetubes
|
|
October 10, 2014, 04:10:03 AM |
|
This CFTC meeting is bullish as fuck!
The commissioner's closing remarks were indeed quite positive. He prefaced the following by noting that he considered the Professor's (panelist Houman Shadab) remarks about tying assets to the blockchain quite fascinating. He continued: Is there a Tube? I know Houman from way back and am pleasantly surprised to see him again, in the eye of the Hurricane Bitcoin no less! https://www.youtube.com/watch?v=xUNGFZDO8mM
|
|
|
|
brg444
|
|
October 10, 2014, 04:40:54 AM |
|
holy hell Bitfury closed another 20 million funding round in one week
|
"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
|
|
|
FNG
|
|
October 10, 2014, 04:42:27 AM |
|
Some of the inflation that would otherwise show up is being exported courtesy of the Fed, especially to Asia. Frothy real estate markets like Singapore, Shanghai, HK, Sydney are starting to show some cracks at the high end with failed auctions.
You should see what's happened to Bangkok since 2008. Condo building frenzy
|
|
|
|
zeetubes
|
|
October 10, 2014, 05:47:30 AM |
|
Some of the inflation that would otherwise show up is being exported courtesy of the Fed, especially to Asia. Frothy real estate markets like Singapore, Shanghai, HK, Sydney are starting to show some cracks at the high end with failed auctions.
You should see what's happened to Bangkok since 2008. Condo building frenzy I haven't been to thailand in 20 years. But I keep seeing condos on offer in Bangkok, Phuket and Pattaya. Some of them look really nice but I would be suspect about the build quality. If prices take a tumble I may go have a look. People also keep telling me to check out Spain and Croatia too because Spain in particular went apeshit building new properties and then demand fell off a cliff. Soon it may be a great time to have cash in hand.
|
|
|
|
FNG
|
|
October 10, 2014, 08:55:42 AM |
|
|
|
|
|
hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
|
|
October 10, 2014, 09:26:29 AM |
|
|
|
|
|
boumalo
Legendary
Offline
Activity: 1918
Merit: 1018
|
|
October 10, 2014, 09:59:22 AM |
|
The market is totally oblivious to the reality in the Gold Market and the reality is coming to come back bite every stupid investor in the $$$: rise use of other means of international exchange than USD, QE will come back bigger, interests rates at 0, less percentage workers compared to the population in the US and worse jobs, ect.
|
|
|
|
FNG
|
|
October 10, 2014, 11:17:29 AM |
|
Dow futures -91
Pull out now. Feels like when I liquidated my portfolio in 08 to watch the markets crash shortly after
|
|
|
|
Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
|
|
October 10, 2014, 11:50:09 AM |
|
Dow futures -91
Pull out now. Feels like when I liquidated my portfolio in 08 to watch the markets crash shortly after
-91 is not extraordinary. Can you elaborate?
|
|
|
|
zeetubes
|
|
October 10, 2014, 12:05:48 PM |
|
Dow futures -91
Pull out now. Feels like when I liquidated my portfolio in 08 to watch the markets crash shortly after
-91 is not extraordinary. Can you elaborate? Normally the Fed doesn't allow the markets to end a Friday on a down note. There's not much data around today and after the last three days of panic and after nasty sessions in Asia and Europe the only way the US markets should end is down. The fed has made noises about not interfering and if they don't there's not much to hold the indices up. If the markets start the session heading down and the fed doesn't step in then it could be an ugly day. I can't really believe the fed will keep their fingers out of the pie but we'll know in a few hours.
|
|
|
|
FNG
|
|
October 10, 2014, 12:41:06 PM |
|
Dow futures -91
Pull out now. Feels like when I liquidated my portfolio in 08 to watch the markets crash shortly after
-91 is not extraordinary. Can you elaborate? Normally the Fed doesn't allow the markets to end a Friday on a down note. There's not much data around today and after the last three days of panic and after nasty sessions in Asia and Europe the only way the US markets should end is down. The fed has made noises about not interfering and if they don't there's not much to hold the indices up. If the markets start the session heading down and the fed doesn't step in then it could be an ugly day. I can't really believe the fed will keep their fingers out of the pie but we'll know in a few hours. Pretty much this. It's been a volatile week. Red futures might lead to a market sell off as people don't want to hold over the weekend. It's been a crazy week..who knows what may happen over the weekend
|
|
|
|
boumalo
Legendary
Offline
Activity: 1918
Merit: 1018
|
|
October 10, 2014, 01:03:39 PM |
|
Dow futures -91
Pull out now. Feels like when I liquidated my portfolio in 08 to watch the markets crash shortly after
I have been saying that for months now with no fucking real sell off yet, Fuckers come on make it happen! Big thing right now to watch is the oil fight, some say if Oil crosses $75 a barrel (now at $85) the Shale Natural Gas industry is going to get ass raped and this is what held up the US imo over the last 4-7 years. http://www.marketwatch.com/investing/stock/chk85$ a barrel is so low compared to the 200$ a barrel in 2017 Am very bullish for most energy companies and countries which have a lot of natural ressources
|
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
October 10, 2014, 02:28:03 PM Last edit: October 10, 2014, 02:38:24 PM by cypherdoc |
|
Many months ago I penned a post here stating that "The Blockchain may only ever be applicable to Bitcoin as Money". If what is rumored here is true, then my confidence level that this is true has just gone up to 80%. Perhaps someone can dig it up for me. I'm at a conference right now and on my phone so I can't dig the post out but I said that because a lot of these founders, who have lots of shares, are known, they and their protocols are highly exposed to gvt action allowing them to be easily killed. Contrast that with Bitcoin where nobody knows who Satoshi is nor if he still owns his privkeys. There is a very good reason why he disappeared. If anything at all, this is Bullish for Bitcoin as it's truly the only safe haven whose founder remains anonymous and whose keys can't be confiscated.
|
|
|
|
_mr_e
Legendary
Offline
Activity: 817
Merit: 1000
|
|
October 10, 2014, 02:40:36 PM |
|
Many months ago I penned a post here stating that "The Blockchain may only ever be applicable to Bitcoin as Money". If what is rumored here is true, then my confidence level that this is true has just gone up to 80%. Perhaps someone can dig it up for me. I'm at a conference right now and on my phone so I can't dig the post out but I said that because a lot of these founders, who have lots of shares, are known, they and their protocols are highly exposed to gvt action allowing them to be easily killed. Contrast that with Bitcoin where nobody knows who Satoshi is nor if he still owns his privkeys. There is a very good reason why he disappeared. If anything at all, this is Bullish for Bitcoin as it's truly the only safe haven whose founder remains anonymous and whose keys can't be confiscated. Actually Nxt's founder remains anonymous as well. But how would Coinbase getting raided be bullish for btc? This would destroy all kinds of businesses acceping btc...
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
October 10, 2014, 02:54:12 PM |
|
Many months ago I penned a post here stating that "The Blockchain may only ever be applicable to Bitcoin as Money". If what is rumored here is true, then my confidence level that this is true has just gone up to 80%. Perhaps someone can dig it up for me. I'm at a conference right now and on my phone so I can't dig the post out but I said that because a lot of these founders, who have lots of shares, are known, they and their protocols are highly exposed to gvt action allowing them to be easily killed. Contrast that with Bitcoin where nobody knows who Satoshi is nor if he still owns his privkeys. There is a very good reason why he disappeared. If anything at all, this is Bullish for Bitcoin as it's truly the only safe haven whose founder remains anonymous and whose keys can't be confiscated. Actually Nxt's founder remains anonymous as well. But how would Coinbase getting raided be bullish for btc? This would destroy all kinds of businesses acceping btc... I doubt Coinbase would be shut down as they've gone overboard with their AML. it's just a rumor at this point anyways, probably from an altscam proponent.
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
October 10, 2014, 03:05:59 PM |
|
Many months ago I penned a post here stating that "The Blockchain may only ever be applicable to Bitcoin as Money". If what is rumored here is true, then my confidence level that this is true has just gone up to 80%. Perhaps someone can dig it up for me. I'm at a conference right now and on my phone so I can't dig the post out but I said that because a lot of these founders, who have lots of shares, are known, they and their protocols are highly exposed to gvt action allowing them to be easily killed. Contrast that with Bitcoin where nobody knows who Satoshi is nor if he still owns his privkeys. There is a very good reason why he disappeared. If anything at all, this is Bullish for Bitcoin as it's truly the only safe haven whose founder remains anonymous and whose keys can't be confiscated. Actually Nxt's founder remains anonymous as well. But how would Coinbase getting raided be bullish for btc? This would destroy all kinds of businesses acceping btc... as far as NXT, the difference is that if its dev continues devving for NXT, he will be found as opposed to Satoshi who won't. he's at great risk plus, there's all the other problems with POS we've already debated and him holding potentially the vast majority of NXT coins. with alts, any wise investor at this stage of the game insists on knowing who the devs are to hold them accountable. the market has given a pass to Bitcoin in this regard since it was first and it's too late and are satisfied with its current dev team who actually doesn't appear to have a signif amt at risk with Bitcoin.
|
|
|
|
|