Gold collapsing. Bitcoin UP.

[Erdogan]

Belarussian ruble going down.

"Belarussians lined up for hours to clear out their bank accounts and swept store shelves to secure their savings, stocking up on foreign-made appliances and housewares."

http://news.asiaone.com/news/world/belarus-blocks-sites-closes-stores-stem-currency-panic

[1713568501]

1713568501

[1713568501]

1713568501

[marcus_of_augustus]

Belarussian ruble going down.

"Belarussians lined up for hours to clear out their bank accounts and swept store shelves to secure their savings, stocking up on foreign-made appliances and housewares."

http://news.asiaone.com/news/world/belarus-blocks-sites-closes-stores-stem-currency-panic

Insta-inflation in the connected age ... hyperinflation is so passe now.

[STT]

Your denial is a symptom of your euphoria.

No its called understanding how herd reacts in market cycles

Perhaps, but it is way overdue for a correction. The herd is being led to a slaughter and it's going to be ugly.

denile is just a river in egypt :p

Market cycles apply to both sides of the equation and market prices are made up of currency value, when that hard value alters dramatically the waves that occur normally are likely bigger.   So what you gauge as euphoria could be the most sensible gauge of underlying factors and a correct place to be not a bubble.  In short typical studies of protracted currency weakness show the stock market most often does not lose value as much as other asset classes, anything tied to that specific nation like bonds suffer greatly also as they are time bound.  A company especially if trading internationally is relatively invulnerable in comparison


Whats surprising with Russia is that it has not helped bitcoin, do they have that locked down so citizens cannot use it

Insta-inflation in the connected age

All inflation can be argued as instant in that the nations monetary base is expanded, its the effects which take time according to distribution of the new 'wealth'    .  We are instantly connected but the largest stores of new money are held by government including communist china which in a very ancient way does not allow access to that money for the vast majority of its people

[cypherdoc]

this looks bullish:

[sidhujag]

The khl is looking to fold cause of the crash in oil that is bullish bitcoin and gold

[fewcoins]

this looks bullish:

Just the first large green candle of many! We have been talking about this 2015 pump for a while now.......

[sidhujag]

this looks bullish:

Just the first large green candle of many! We have been talking about this 2015 pump for a while now.......

oh u must have finally bought.. time to sell until u sell at a loss

Just weeks ago u were talking shit like how u could have bought at $2 and u knew better buying a digital currency especially after it hit $1100 u vowed never to buy so high... yet at $300 its low
enough to buy even though $2 was expensive? Sounds like a professional bct trololol

[fewcoins]

this looks bullish:

Just the first large green candle of many! We have been talking about this 2015 pump for a while now.......

oh u must have finally bought.. time to sell until u sell at a loss

Just weeks ago u were talking shit like how u could have bought at $2 and u knew better buying a digital currency especially after it hit $1100 u vowed never to buy so high... yet at $300 its low
enough to buy even though $2 was expensive? Sounds like a professional bct trololol

LOL? WTF are you talking about all I have done on these forums is make unbias opinions on how the market is moving at any given time... I was a permabear until we kept bottoming around $300

I never said anything about $2 lol wtf I talk as close to the money as possible. I don't talk about a crash and I don't talk about the moon

disclaimer: I have been fully leveraged long at approx. $317~ but everyone who follows my posts knows that already

[sidhujag]

this looks bullish:

Just the first large green candle of many! We have been talking about this 2015 pump for a while now.......

oh u must have finally bought.. time to sell until u sell at a loss

Just weeks ago u were talking shit like how u could have bought at $2 and u knew better buying a digital currency especially after it hit $1100 u vowed never to buy so high... yet at $300 its low
enough to buy even though $2 was expensive? Sounds like a professional bct trololol

LOL? WTF are you talking about all I have done on these forums is make unbias opinions on how the market is moving at any given time... I was a permabear until we kept bottoming around $300

I never said anything about $2 lol wtf I talk as close to the money as possible. I don't talk about a crash and I don't talk about the moon

disclaimer: I have been fully leveraged long at approx. $317~ but everyone who follows my posts knows that already

https://bitcointalk.org/index.php?topic=887136.msg9824736#msg9824736
Try harder
 Ubetta wait for dbl digits son

https://bitcointalk.org/index.php?topic=887136.msg9830481#msg9830481

Need more?

[cbeast]

My prediction: gold and bitcoin will find equilibrium and become tidal locked.

[flipperfish]

listening to johoe is inspiring.  but it appears to me that even if you're using a BIP32 wallet, you'll still be exposed to a hack from address reuse if you choose to accept multiple payments to a single address.  for instance, if you accept 5 payments of 1BTC each to a single address, you will create 5 UTXO's of 1BTC each.  if you then only spend 1BTC from that address, you will leave the other 4 UTXO's behind on that address which will force you to reuse that address later on when you decide to make another payment.  so in that sense, HD wallets (BIP32) are still exposed if you're not careful and don't always force all tx's to empty an address.  i understand that this is not directly related to the reuse of the r value that johoe talks about in this episode, but it's concerning to me nonetheless unless i have something wrong:

http://letstalkbitcoin.com/blog/post/the-bitcoin-game-7-bitcoin-hero-jochen-aka-johoe

Did johoe talk about BIP32 wallets in the stream? I just scanned through, but couldn't find any reference to BIP32 wallets.
However, AFAIK you're right. As soon as the hacker gets 2 different signatures with the same R value from the same address (e.g. from transactions, but could also be from signed messages (!) or a mixture of both), he can calculate the private key of the address and then spend all the funds still left on that address. So from 0 to 1 outgoing transactions (or publicly accessible signed messages) an address should be safe (from this specific problem). I think so far this is not related to HD/BIP32 wallets other than it's easier to not reuse a single address.

Edit: Stupidity.

[molecular]

My prediction: gold and bitcoin will find equilibrium and become tidal locked.

can you put a time on that?

[cbeast]

My prediction: gold and bitcoin will find equilibrium and become tidal locked.

can you put a time on that?

I think something is going to happen to gold soon. The price is being suppressed by counterfeit certificates. Rich people want real gold.

Bitcoin (and the free market) really need to find some peg. Gold ETFs have served that purpose to some degree, but Bitcoin will drag gold much higher as its ad-hoc digital twin. If I were to venture a guess it would have to do with whichever country has enough gold and is willing to acquire bitcoins as well. When people start losing faith in fiat currency and bonds, they will trade gold for bitcoins.

I can think of unthinkable scenarios regarding confiscation of gold or its ownership belonging to a designated class. Bitcoin would be the only way the rest of us can be licensed to hold gold.

Most likely it will occur organically as fiat currencies fail. Both bitcoin and gold will see huge swings in the next few year, but 2019 will be when they become pegged.

[molecular]

My prediction: gold and bitcoin will find equilibrium and become tidal locked.

can you put a time on that?

I think something is going to happen to gold soon. The price is being suppressed by counterfeit certificates. Rich people want real gold.

Bitcoin (and the free market) really need to find some peg. Gold ETFs have served that purpose to some degree, but Bitcoin will drag gold much higher as its ad-hoc digital twin. If I were to venture a guess it would have to do with whichever country has enough gold and is willing to acquire bitcoins as well. When people start losing faith in fiat currency and bonds, they will trade gold for bitcoins.

I can think of unthinkable scenarios regarding confiscation of gold or its ownership belonging to a designated class. Bitcoin would be the only way the rest of us can be licensed to hold gold.

Most likely it will occur organically as fiat currencies fail. Both bitcoin and gold will see huge swings in the next few year, but 2019 will be when they become pegged.

thanks for putting a time on it.

by 'tidal locked' and 'pegged', do you mean they have a very high correllation coefficient or something else? 'peg' sounds like something that is being actively enforced through market operations or redemption offerings, but I doubt that's what you mean, right?

[cbeast]

My prediction: gold and bitcoin will find equilibrium and become tidal locked.

can you put a time on that?

I think something is going to happen to gold soon. The price is being suppressed by counterfeit certificates. Rich people want real gold.

Bitcoin (and the free market) really need to find some peg. Gold ETFs have served that purpose to some degree, but Bitcoin will drag gold much higher as its ad-hoc digital twin. If I were to venture a guess it would have to do with whichever country has enough gold and is willing to acquire bitcoins as well. When people start losing faith in fiat currency and bonds, they will trade gold for bitcoins.

I can think of unthinkable scenarios regarding confiscation of gold or its ownership belonging to a designated class. Bitcoin would be the only way the rest of us can be licensed to hold gold.

Most likely it will occur organically as fiat currencies fail. Both bitcoin and gold will see huge swings in the next few year, but 2019 will be when they become pegged.

thanks for putting a time on it.

by 'tidal locked' and 'pegged', do you mean they have a very high correllation coefficient or something else? 'peg' sounds like something that is being actively enforced through market operations or redemption offerings, but I doubt that's what you mean, right?

Yeah, I mean there are strong psychological attractions to precious metals. Bitcoin will prove itself as vault level security in your pocket. That will have an equally strong psychological effect. Superstitious thinking will identify gold with bitcoin as having complementary attributes.

[jaredboice]

this looks bullish:

Just the first large green candle of many! We have been talking about this 2015 pump for a while now.......

oh u must have finally bought.. time to sell until u sell at a loss

Just weeks ago u were talking shit like how u could have bought at $2 and u knew better buying a digital currency especially after it hit $1100 u vowed never to buy so high... yet at $300 its low
enough to buy even though $2 was expensive? Sounds like a professional bct trololol

LOL? WTF are you talking about all I have done on these forums is make unbias opinions on how the market is moving at any given time... I was a permabear until we kept bottoming around $300

I never said anything about $2 lol wtf I talk as close to the money as possible. I don't talk about a crash and I don't talk about the moon

disclaimer: I have been fully leveraged long at approx. $317~ but everyone who follows my posts knows that already

Unbiased opinions on how the market is moving at any given time?  bahahaha

just a few months ago, fewcoins said (and I quote),

"All of those "buy walls" are sooo fake... I watch many of those people cancel ALL THE TIME! That's what happens with unregulated things!!! As a perma-bear, I can tell you BTC price chart looks exactly the same as a penny stock pump and dump that waves widly in the wind back n forth back n forth until its literally worth $0.00"  

So he wants you to think (at some points) that bitcoin is going to zero while at other points it's just going to go up and up.  He's either a lying troll or an imbecile.  

And just today in the Bull Run Initiated Thread (just look in his posting history) he says:

"Amazing buy walls at 330 & 325 now too... We will be lucky to get coins around the 315-320 level again before this bounce really goes up"  

So my question is, do you think fewcoins still expects bitcoin to go to zero before it goes up?  

[cypherdoc]

listening to johoe is inspiring.  but it appears to me that even if you're using a BIP32 wallet, you'll still be exposed to a hack from address reuse if you choose to accept multiple payments to a single address.  for instance, if you accept 5 payments of 1BTC each to a single address, you will create 5 UTXO's of 1BTC each.  if you then only spend 1BTC from that address, you will leave the other 4 UTXO's behind on that address which will force you to reuse that address later on when you decide to make another payment.  so in that sense, HD wallets (BIP32) are still exposed if you're not careful and don't always force all tx's to empty an address.  i understand that this is not directly related to the reuse of the r value that johoe talks about in this episode, but it's concerning to me nonetheless unless i have something wrong:

http://letstalkbitcoin.com/blog/post/the-bitcoin-game-7-bitcoin-hero-jochen-aka-johoe

Did johoe talk about BIP32 wallets in the stream? I just scanned through, but couldn't find any reference to BIP32 wallets.
However, AFAIK you're right. As soon as the hacker gets the R value of 2 signatures from the same address (e.g. from transactions, but could also be from signed messages (!) or a mixture of both), he can calculate the private key of the address and then spend all the funds still left on that address. So from 0 to 1 outgoing transactions (or publicly accessible signed messages) an address should be safe (from this specific problem). I think so far this is not related to HD/BIP32 wallets other than it's easier to not reuse a single address.

i think they did mention HD wallets somewhere in the interview but no matter.

the solution presented was to not reuse addresses as a way to solve the repeat R value problem with a poor RNG or implementation bug.  at that point i remember HD wallet use being recommended.  that's fine and good but HD wallet marketing has given what i think is a somewhat false impression of preventing address reuse as in the example i gave above.  in fact, i could see a major chain store owner assigning a specific fixed xpub address to each member store which they print out in QR code form for posting at their checkout stations.  hundreds if not thousands of tx's would serve to expand the UTXO set associated with a particular stores address.  if the owner then only spends a fraction of the BTC associated with that address repeatedly over time, that would expose the xpubkey, which would decrease security not necessarily to the same R value problem encountered with blockchain.info but perhaps to some other insecurity yet to be found.

point being that HD wallets will require much greater use scrutiny than initially thought.

[cypherdoc]

gold collapse incoming.  c'mon gold!  i wanna reset my shorts!:

[msin]

I think something is going to happen to gold soon. The price is being suppressed by counterfeit certificates. Rich people want real gold.

I don't think Rich people want gold, I think it's a part of their overall portfolio, they own paper gold.  Rich people believe in the markets, real estate, and the USD because it's served them so well.  They want diversity.  In some cases they want to hide their money, but gold isn't a good way to do that.  We all know the advantages of Bitcoin over gold and in 10 years I believe most rich people will have BTC as a part of their overall portfolio. 

[Thomas-s]

Gold collapsing, Bitcoin up