Not hard to tell who is reaping the most benefit in this relationship. One is enjoying oil wealth because of petro dollar. Another one is constantly under attacked and its citizen live in fear.
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BoardEconomics
Re: Should I start Investing USD? (Betterment?)
by
cinder
on 03/05/2015, 17:50:44 UTC
USD is king in the deflationary cycle. You can scoop up assets at big discount when everything is going down the sink.
Gold should only be treated as an insurance. If you expect the world to go down the sink, having lots of gold doesn't mean one will be well off as standard of living also gone down.
Remember when in May I said that there won't be any rally in the next few months? Now, seeing the price going down so much, I am CONFIDENT we won't see anything more than $400 in the next 6-8 months, even more.
Bitcoin is simply not traded anymore. Maybe it's used as currency, I don't know. But trading volume is insanely low.
Nothing, but nothing is gonna happen. Thing is, I know people sell at a loss to get out but that's only going to put even more downward pressure on the price
Rally only comes when you least expected it. The condition for rally is actually quite high as the supply will start going down due to negative profit.
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BoardSpeculation
Re: If someone buys Bitcoin today, they'll be lucky to see a 300%+ ROI.
by
cinder
on 21/10/2014, 14:56:08 UTC
Author of this thread is pretty accurate on his analysis and what is happening to bitcoin now.
People are like: 'I wish I bought Bitcoin when price was lower,' and: 'If it crashes to $100 I will go all-in.' Then price goes down, those same people cry...
How's your attitude toward the daily bitcoin price?
I have no emotional feelings associated with the price. Also, I buy more bitcoin every other month. I'm invested because I appreciate bitcoin and I see my investment become valuable at some point in time. When the price is down I see it as an opportunity to invest at a more favorable price.
The problem is if the price crash to 100, the people screaming they will go all in will suddenly lose their balls to do so.
And now the Moolah website is having problems, but the last news I have was that they were basically out of reserves and they're going to basically sell everything. This from their Twitter at @moolah_io:
Quote
As there appears to be some confusion - we just want to clarify that @MintPalExchange is not closing.
And yeah, Twitter users who are also Mintpal users seem to be pissed too.
Moolah.io is going bankrupt. They are themselves all tangled up in all kinds of assets. Its pretty much get fucked time!
yep. get rid of their fiat.. hide the bitcoin. claim bankruptcy and then ride it out for a few months while you hoard secret wealth
This happens to be the business plans of 99.9 percent of BTC companies.
Bitstamp and btc-e seem to be still making a great deal of money.
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BoardEconomics
Re: [ANN] Announcing the first Bitcoin Exchange In Pakistan
The US government's position has no legs at all in regards to any of this surveillance stuff. They get away with it because of apathy, because of lack of media attention, and because of "might is right".
The congress can simply change the law to make it legal to spy on American seeing the public has no bones.
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BoardEconomics
Re: What happens when all your VISA charges are doubled for two days?
by
cinder
on 09/10/2014, 06:47:30 UTC
Has double spend happen before? Or is it still theory?
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BoardDigital goods
Re: promo code for Trazor
by
cinder
on 06/10/2014, 15:16:04 UTC
A little expensive for a small piece of electronic.
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BoardSpeculation
Re: [prediction] Next spike $560,000 14 months from now
by
cinder
on 06/10/2014, 15:11:43 UTC
Are you selling everything you have to bet on bitcion?
560k prediction is just as absurd as 10 dollar prediction.
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BoardEconomics
Re: Video: The Biggest Scam In The History Of Mankind
by
cinder
on 04/10/2014, 13:03:28 UTC
Pretty old video.
Anyone who pay attention to financial news probably already watch it.
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BoardBitcoin Discussion
Re: Why do most of FUD creators are newbies! Whats their plan?
what do they gain? is it not logical that if they want to create a fud it would be more powerful if they are posted by a senior or hero member but they choose to create a new account to create FEAR, UNCERTAINTY AND DOUBT posts.