Gold collapsing. Bitcoin UP.

[cypherdoc]

https://twitter.com/JustusRanvier/status/522779720794914816

that is pure evil 

but i agree with him.

plus, anyone leaving coins on an exchange deserves to lose them.

[cypherdoc]

worth watching for gold bugs:
https://www.youtube.com/watch?v=Ro6JUChxtF4

gentlemen, gold revaluation is coming.

i used to listen to Willie religiously.  unfortunately, he's too gloom and doom with lots of unsubstantiated sources ala his London guy.

[cypherdoc]

https://twitter.com/JustusRanvier/status/522779720794914816

that is pure evil  

When who does what? Ah I see, my phone app doesn't show full convo.

haha, your question actually has merit.  who's the real devil?  the lender, the shorter, or the exchange enabler?

[cypherdoc]

plus, anyone leaving coins on an exchange deserves to lose them.

I don't know if I would go so far as to say, "deserves".

The scantily clad woman walking down the "wrong side of the tracks" in the middle of the night doesn't deserve to get raped. Yet... at the same time, she had better adjust her behavior before something bad happens to her, because she is playing with fire.

There are shit people on the planet, that's a fact. Innocent people don't deserve the bad shit that happens to them, but they certainly play a key role in it by refusing to protect themselves. When we (those who do protect ourselves) point out their failure, we are labelled as "blaming the victim".

In today's global economy, those who protect themselves can still end up as victims thanks to the actions (or inactions) of those who don't. This is when it starts to get complicated.

Are people shorting this market with bitcoins which "belong" to others? Probably.

Should people be free to make stupid decisions? Yes!

How do we protect ourselves from the stupid decisions of others in a global economy? That's the tricky part and probably why many of us are involved with Bitcoin in the first place. I wish I had all the answers.

yeah, that was written out of emotion.

[justusranvier]

When who does what? Ah I see, my phone app doesn't show full convo.

For clarity:

https://twitter.com/JustusRanvier/status/522779303088377857
https://twitter.com/JustusRanvier/status/522779720794914816

[iCEBREAKER]

worth watching for gold bugs:
https://www.youtube.com/watch?v=Ro6JUChxtF4

gentlemen, gold revaluation is coming.

i used to listen to Willie religiously.  unfortunately, he's too gloom and doom with lots of unsubstantiated sources ala his London guy.

I didn't listen when said to only buy physical and avoid PM stocks.  WHOOPS!

His gloom and doom are nothing if not entertaining, like the thinking man's Alex Jones.  Especially when he gets all worked up and rants like Max Kaiser!   

The newsletter is pretty good too, although mostly a recap of the last 30 days of ZeroHedge.

Fringe conspiranoia aside, The Golden Jackass is easily worth 10 Martin Armstrongs. 

I offered a free sample, but he has zero interest in BTC.   

[Adrian-x]

https://twitter.com/JustusRanvier/status/522779720794914816

that is pure evil 

It's like Pirate40 has gone from the collective memory of Bitcoin, I'm visceraly sure this is happening and we're going to have another teachable moment.

But I also feel they will invest there ill gotten fiat back into Bitcoin, as its safer.

[conspirosphere.tk]

plus, anyone leaving coins on an exchange deserves to lose them.

problem is that if you don't keep coins on an exchange, then you can't trade. So if everyone followed your advice no BTC market could exist.

[Adrian-x]

plus, anyone leaving coins on an exchange deserves to lose them.

problem is that if you don't keep coins on an exchange, then you can't trade. So if everyone followed your advice no BTC market could exist.

If our Rothschild OverLord of yesteryear was to think about that problem here's what he would say:
"Treat the stock Bitcoin exchange like a cold shower (quick in, quick out)."

[sidhujag]

worth watching for gold bugs:
https://www.youtube.com/watch?v=Ro6JUChxtF4

gentlemen, gold revaluation is coming.

i used to listen to Willie religiously.  unfortunately, he's too gloom and doom with lots of unsubstantiated sources ala his London guy.

Well it is true that China is the main gold buyer along with Russia and India... and it is true that htey hold majority of the bonds during the crash... so they should have some say in the manipulation that is going on.. up till now they were happy to scoop it all up as cheap as possible.. and US has been happy to simply borrow gold away while depleting its resources so either US knows something China doesn't or US doesn't care about gold as it has another card to play (bitcoin?) or something... here have your gold, i've moved onto my bitcoin.

So the idea is that now that China has all of the gold it can set the true price and let it float without manipulation and watch it rise... and if US wants to do arb's sure.. but you need actual metal to do that to bring to the exchange in China to trade... so effectively eliminating arb'ing. Now China can set the price to double and people will buy knowing US inventory is done and real price is/was much higher in the first place... however if US has another card they might just say but wait a sec.. you dont need gold anymore look at what I got!

I guess assumption on facts are:

1) Is US inventory depleted? (can you buy contracts and have them physically delivered? I heard no)
2) Will china reprice (Why wouldn't they?)
3) Does US have a backup plan once gold shoots up and ppl run around like chickens with their heads cut off? (TIme will tell)

[boumalo]

worth watching for gold bugs:
https://www.youtube.com/watch?v=Ro6JUChxtF4

gentlemen, gold revaluation is coming.

i used to listen to Willie religiously.  unfortunately, he's too gloom and doom with lots of unsubstantiated sources ala his London guy.

Well it is true that China is the main gold buyer along with Russia and India... and it is true that htey hold majority of the bonds during the crash... so they should have some say in the manipulation that is going on.. up till now they were happy to scoop it all up as cheap as possible.. and US has been happy to simply borrow gold away while depleting its resources so either US knows something China doesn't or US doesn't care about gold as it has another card to play (bitcoin?) or something... here have your gold, i've moved onto my bitcoin.

So the idea is that now that China has all of the gold it can set the true price and let it float without manipulation and watch it rise... and if US wants to do arb's sure.. but you need actual metal to do that to bring to the exchange in China to trade... so effectively eliminating arb'ing. Now China can set the price to double and people will buy knowing US inventory is done and real price is/was much higher in the first place... however if US has another card they might just say but wait a sec.. you dont need gold anymore look at what I got!

I guess assumption on facts are:

1) Is US inventory depleted? (can you buy contracts and have them physically delivered? I heard no)
2) Will china reprice (Why wouldn't they?)
3) Does US have a backup plan once gold shoots up and ppl run around like chickens with their heads cut off? (TIme will tell)

The problem of the US will not be Gold shooting up but the USD going down as Yellen increase QE

[hdbuck]

worth watching for gold bugs:
https://www.youtube.com/watch?v=Ro6JUChxtF4

gentlemen, gold revaluation is coming.

i used to listen to Willie religiously.  unfortunately, he's too gloom and doom with lots of unsubstantiated sources ala his London guy.

Well it is true that China is the main gold buyer along with Russia and India... and it is true that htey hold majority of the bonds during the crash... so they should have some say in the manipulation that is going on.. up till now they were happy to scoop it all up as cheap as possible.. and US has been happy to simply borrow gold away while depleting its resources so either US knows something China doesn't or US doesn't care about gold as it has another card to play (bitcoin?) or something... here have your gold, i've moved onto my bitcoin.

So the idea is that now that China has all of the gold it can set the true price and let it float without manipulation and watch it rise... and if US wants to do arb's sure.. but you need actual metal to do that to bring to the exchange in China to trade... so effectively eliminating arb'ing. Now China can set the price to double and people will buy knowing US inventory is done and real price is/was much higher in the first place... however if US has another card they might just say but wait a sec.. you dont need gold anymore look at what I got!

I guess assumption on facts are:

1) Is US inventory depleted? (can you buy contracts and have them physically delivered? I heard no)
2) Will china reprice (Why wouldn't they?)
3) Does US have a backup plan once gold shoots up and ppl run around like chickens with their heads cut off? (TIme will tell)

The problem of the US will not be Gold shooting up but the USD going down as Yellen increase QE

thought they were tapering it actually?! (as the gold price..)

[sidhujag]

worth watching for gold bugs:
https://www.youtube.com/watch?v=Ro6JUChxtF4

gentlemen, gold revaluation is coming.

i used to listen to Willie religiously.  unfortunately, he's too gloom and doom with lots of unsubstantiated sources ala his London guy.

Well it is true that China is the main gold buyer along with Russia and India... and it is true that htey hold majority of the bonds during the crash... so they should have some say in the manipulation that is going on.. up till now they were happy to scoop it all up as cheap as possible.. and US has been happy to simply borrow gold away while depleting its resources so either US knows something China doesn't or US doesn't care about gold as it has another card to play (bitcoin?) or something... here have your gold, i've moved onto my bitcoin.

So the idea is that now that China has all of the gold it can set the true price and let it float without manipulation and watch it rise... and if US wants to do arb's sure.. but you need actual metal to do that to bring to the exchange in China to trade... so effectively eliminating arb'ing. Now China can set the price to double and people will buy knowing US inventory is done and real price is/was much higher in the first place... however if US has another card they might just say but wait a sec.. you dont need gold anymore look at what I got!

I guess assumption on facts are:

1) Is US inventory depleted? (can you buy contracts and have them physically delivered? I heard no)
2) Will china reprice (Why wouldn't they?)
3) Does US have a backup plan once gold shoots up and ppl run around like chickens with their heads cut off? (TIme will tell)

The problem of the US will not be Gold shooting up but the USD going down as Yellen increase QE

Not talking about USD but gold against a basket.

One of the southern FED masters have come out and said they are for increasing QE should economy show signs of faltering.. but he is just one of many that need to vote as a consensus is formed... so its still tapering until its not.

[solex]

CNBC ratings at record lows, Cramer with ZERO credibility, and yet they still find a way to plumb the depths of the Well of Stupidity even further.

Cramer: Why Ebola is behind the selloff

[STT]

Cramer himself would admit he is an entertainer.  CNBC has a problem with low viewer counts and the market in general is suffering low participation despite greater then ever subsidy by government.    If he really isnt that dumb already then he is doing it for the headline and the general interest, thats his job pretty much to put on the clown suit and draw in the crowd.  
  I think he is half decent in his instincts at least, like the flash crash for example. How much of that gets twisted before we hear it Im not sure

[cypherdoc]

We seem to have our own version of rewriting history here in the US now. I  can't seem to find the infamous Cramer video anymore where he talks about manipulating S&P futures pre hours when he ran his hedge fund. 

[thezerg]

plus, anyone leaving coins on an exchange deserves to lose them.

problem is that if you don't keep coins on an exchange, then you can't trade. So if everyone followed your advice no BTC market could exist.

If our Rothschild OverLord of yesteryear was to think about that problem here's what he would say:
"Treat the stock Bitcoin exchange like a cold shower (quick in, quick out)."

Yes and don't go whining to the holders or to the mass media if your money is lost.  As you were sitting around raking in trading profits on Gox -- fake profits BTW that only existed because they weren't backed by real USD or BTC -- the truth is that the only reason you were able to do so is because the majority of the market players -- the true players -- were missing.  They were missing because they correctly estimated the counterparty risk and found proposal nonviable.

[molecular]

https://twitter.com/JustusRanvier/status/522779720794914816

that is pure evil  

When who does what? Ah I see, my phone app doesn't show full convo.

haha, your question actually has merit.  who's the real devil?  the lender, the shorter, or the exchange enabler?

As long as it's not "naked" shorting, I don't see a problem.

Yes, the lender is an idiot for assuming a risk without awareness and the shorter is an asshole... bit it's legitimate in my mind.

[molecular]

https://twitter.com/JustusRanvier/status/522779720794914816

that is pure evil  

It's like Pirate40 has gone from the collective memory of Bitcoin, I'm visceraly sure this is happening and we're going to have another teachable moment.

I agree. We have so much to learn (and unlearn) still.

[NewLiberty]

The last two are related.
Naked shorts would only be possible by leaving coins on exchange.