• Same story, different day...........year ie more of the same fiat floods the world
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Charts from the Lunatic Fringe.

Goldhedge

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Silver testing support??
 

Goldhedge

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Anyone here own BTC?
 

Zed

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Yeah, this time is different, sept when its not!

:D
Looking @ this BTC chart develop and its looking like a lot of buy the dip is going on. Long low tails and short high tails on those candles. We have a possible high level consolidation going on here... volume is falling so that is bearish but this thing could really just go silly again.

Bugger me.

If she is going to go again I'd expect it to be soon... next few days.

10MA seems to be 'the buy'.

WOW.

BTC-D-20171210.png
 

Zed

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Silver on the next and last level of support that I thought was possible. That area from July last year is acting as support, big range... I guess we could see another dramatic one day hammer down like then but I'd expect the future to look similar. For now it looks like the Comex is more in cover mode than beat it down mode. COT bears out that idea. Oversold... not brutally but bad enough that a relief rally is the least we can expect. 2c JMO.
AG-D-20171210.png
 

Zed

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Gold... I dunno, looks kinda like we could get to low 1200's. Silver has to follow that, buying happening in silver but gold looks to be in capitulation mode. I don't like this chart much for now. This very much looks like a bash gold to cover silver setup. All going well this 1250 area holds up... but ?!!! might end up being ~1230 or even ~1210.

AU-D-20171210.png
 

stAGgering

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yeah, draw the line back to like 2003
2003 ?
Was silver even invented back then ?
I mean c'mon! BitCoin was not even around back then.
Was not that the time Britain used Tally sticks for debt ?
I tried to look this up on FkBook, but Zuckbuttherd said it was racist, so no go.
My parents are yelling into the basement at me again, gotta go be victim.
 

solarion

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CME Group will launch Bitcoin futures, based on the CME CF Bitcoin Reference Rate (BRR), on December 18, 2017, building off of the success of the BRR and demand for a regulated trading venue for the digital asset market.
What the hell is a "BRR"? Is that when a few scumbag banksters call each other in the morning and decide what they think the price of a bitcoin should be? lol

The incredible thing is that people play bankster games at all. They should all be gathered together and systematically hanged from the neck.

At least the whole reason for their fake, phony, and false bitcoin wagering market scam that doesn't actually deal in bitcoin becomes painfully clear. If they can get enough dummies to deal in their crappy derivatives linked to nothing then they can trick dummies into accepting their made up price as the value of bitcoin.
 

stonedywankanobe

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BTC 16649 mebe I no longer understand the world at all??!
Zed I recall you saying the next leg needed a catalyst to pop off.
Bitcoin is the shit now and the world has changed for better or worse.

Is there any way to spin this as positive for Gold bugs and Andial is my question sir.

Over
 

Zed

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Zed I recall you saying the next leg needed a catalyst to pop off.
Bitcoin is the shit now and the world has changed for better or worse.

Is there any way to spin this as positive for Gold bugs and Andial is my question sir.

Over
My theory has been that the forces driving bitcoin are the same that ones SHOULD also drive PM's. The only difference being the market structure and the 'control' that futures offer in PM's. I'm looking at this, rightly or wrongly, as an indicator of what will happen in PM's when the clock runs down on the comex game.

BTC futures are going to be interesting, will BTC show any respect to the futures market at all? Gold spot and gold futures trade @ par... again right or wrong but they do it! Could it be that they tame BTC as gold has been?

I'm a bit wary about the US govs passive approach to BTC, makes me wonder what is really behind it all. Is this some sort of grand trial balloon that serves both to take heat of PM's and to set up a stepping stone come the time that the USD runs into serious trouble. Is it really as independent as claimed? Just seems to me that a bigger fuss should have been made over it.... after all they nailed the Liberty Dollar guy to a cross because he called it a dollar!

Don't listen to me... feeling older and dumber by the day at the moment!
 

Goldhedge

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RE: BTC

Might want to take a listen to this... sounds legit... start at the 27 minute mark... although the whole video is good...


 

savvydon

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Yes... we need a quantum shift in Wall Street attitude. A failing stock market should do it.
I hate to sound like another old fuddy duddy stuck in the mud numbskull but any way I look at it it is just a matter of when, not if. I make a decent living and don't mind working off debt while I put PMs back when I can. I can understand them and trust them. The biggest fear I have is turning my back on what I know and then getting clobbered for it. I can categorically state that I suck as an investor, and pretty much whatever I touch withers on the vine. Push comes to shove and bitcoin and the dow reach 100 grand together I'm just gonna be one of the little people scratching my ass and going to work the next day.

Having said all that, I don't think that is how it is going to pan out. I think there is trouble ahead. The last five years has taught me well that I can't time the market. I'm not going to try to start now.
 

solarion

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The last five years has taught me well that I can't time the market.
We don't have markets...we have fraudulent shell games posing as markets and constant interventions from central banksters. There's no price discovery mechanism left in our "markets"...people are flying completely blind...even the ones that think some candlesticks on a piece of graph paper can predict what will happen.

The tail end of the above linked Greg Hunter video is the best part. Greg repeatedly calls our "markets" casino gambling dens and Cathy Fitts seems to think they're not quite that bad. I'm with Greg on this one, there's no market without a functional price discovery mechanism.
 

solarion

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Goldhedge

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We don't have markets....

The 'casino' is open for fleecing... step right up and pays yer monies... there's a 'winner' every time! (...also a loser...)
 

Zed

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I keep hearing 96% of all bitcoin is owned by just 4% of bitcoin investors
Hmmmm....

Can they establish that by just checking the blockchain? If so it is a dangerously concentrated and, by the way, completely manipulable.

The Catherine Austin Fitts interview is interesting save for one glaring contradiction in her logic. She states that BTC is a small market, thin... and that is correct, then she states that it is drawing funds away from gold sufficient to subdue gold. Both can't be true and certainly not if 4% own 96%. The whole 'its .gov sponsored' thing is plausible and it would be a great way to get a good foundation developed in terms of a complete payment system BUT you'd need a back door to take control of the thing when needed. I'd agree that it is a great distraction from gold but as for draining funds sufficient to control gold.... nah! The back door may end up just being the complete theft of the public domain code, some engineering so that it is not the same but functions identically then redeployment in a new official version. In the process current BTC holders may be crucified or if lucky migrated into the new system. I'd agree that if it is in your control it is a .gov / central bankers wet dream! Imagine how completely they can fuck up with this level of control potential use accountability! For now I think that major efficiencies have to be gained before this is properly globally viable. I suspect that it may just hit the wall and some point due to a tech issue with scale... lord knows what but I know that surprising shit limits you when you try and scale some of these things.

My gut reaction is that this is going somewhere and will not simply go away... it is the future. BUT... I expect some major issues before we are there ---> BTC billionaires will not simply be allowed because they guessed correctly and mined a 100,000 BTC when they where 1c each! The establishment would resent that...

Fascinating stuff... really.
 
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solarion

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Can they establish that by just checking the blockchain? If so it is a dangerously concentrated and, by the way, completely manipulable.
Of course not. Instead they'd have to make a huge number of assumptions that would surely be false. For instance, one may "see" a huge concentration of bitcoin at a specific bitcoin address, but that address may be the main hot wallet of an exchange. The transactions themselves on said exchange are off the blockchain, but the hot wallet balance belongs to hundreds, or even thousands of different individuals.
So the 4% is not likely?
No, that's entirely too low to be credible imo.
 

solarion

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...and whose addresses are those? Are they an exchange's hot wallet?

Really don't understand why this stuff is so complicated for people to follow. Addresses are not individuals. One individual can have thousands of addresses and thousands of individuals can be represented by a single bitcoin address.

...but then I've no trouble opening the link I provided showing the distribution by address value.