I did, but that wasn't all I said:
Did you factor in China banning bitcoins into your analysis?
Did you factor in China banning bitcoins into your analysis?
Indeed those bastards are smart. They're importing incredible amounts of gold, causing a global shortage of physical gold, yet the price of gold stays down due to very obvious price manipulation. Gold trading was halted 4 times in the last few months when someone sold millions of futures contracts at market price. Manipulation works by buying limit orders at a price slightly lower than the current price then selling millions of contracts at market price. This starts downward price momentum, and people will panic sell until the price hits the limit price. Gold leaves your right hand at $10 then your left hand buys it back for $9.LOL, China may have participated in the largest pump and dump scam of all time, of all time man. Well played China, well played.
They also called for a "de-Americanized world" and said it was no longer in China's best interest to stockpile foreign currency (they will stop inflating the value of the US dollars).Honestly, it's pretty damn smart of China if you read between the lines. Chinese currency can't go into the bitcoin economy anymore, but in China you sure as hell can pull FOREIGN currency OUT of the bitcoin economy! How fucking shrewd is that? Just another way for China to put a stranglehold on the global economy.
Indeed those bastards are smart. They're importing incredible amounts of gold, causing a global shortage of physical gold, yet the price of gold stays down due to very obvious price manipulation. Gold trading was halted 4 times in the last few months when someone sold millions of futures contracts at market price. Manipulation works by buying limit orders at a price slightly lower than the current price then selling millions of contracts at market price. This starts downward price momentum, and people will panic sell until the price hits the limit price. Gold leaves your right hand at $10 then your left hand buys it back for $9.
I wouldn't be surprised if China decided to do the exact same pump and dump on gold at some point. Why else would they want gold?
They also called for a "de-Americanized world" and said it was no longer in China's best interest to stockpile foreign currency (they will stop inflating the value of the US dollars).
China's currency is on the rise and it people know it. The lack of faith in US dollars, Euros, and Japanese yen has led to a surge in "dim sum bonds" which are bonds issued in Chinese yuan. I love how racist that term is. That's like giving a loan to a black person and calling it a "fried chicken bond."
ROFL. You must jack off to zero hedge before going to bed.
There's no shortage of gold, if i wanted a shiny paperweight I can get it here for 23 bucks over GCG4 this minute:
http://www.jmbullion.com/gold/gold-bars/
http://www.kitco.com/reports/SB_20131213.pdf
My son told me that his friend has 400 bit coins in his account, he started this 3 years ago.
ROFL. You must jack off to zero hedge before going to bed.
There's no shortage of gold, if i wanted a shiny paperweight I can get it here for 23 bucks over GCG4 this minute:
http://www.jmbullion.com/gold/gold-bars/
http://www.kitco.com/reports/SB_20131213.pdf
Also you do realize that your slam and cover tactic works in the other direction too, right? But as per goldtard logic, it can only be manipulation on the way down.
Post a limit sell on the offer and slam the book with limit buy to try to induce momentum. Market goes up, people stuck short puke, you make money, CFTC will charge you with disruptive practices fines and disgorge profit.
I love how this $20,000 gold bar has a recycling logo on it...
http://www.jmbullion.com/1-kilogram-opm-gold-bar-new/
Someone has a sense of humor!
I'm still trying to get my head around how bitcoin has any credibility as a currency.
Last week, a man bought a tesla for 91.4 bitcoins.
Link
Now the dealer has these 91.4 bitcoins that are today worth $81,346. He just took a bath, or if he was lucky enough to sell them at $1,127 then the next person took the loss.
I see the speculative value as a pure investment, but I simply don't see how business can adopt them as currency.
Deutsche Bank implicated in price manipulation
Physical gold being sold far above the London price
US mint runs out of silver
To top that off, we've refused to give Germany's gold back to Germany. We don't have the gold. It's all gone. The amount of "paper" gold greatly exceeds the amount of physical gold.
My son told me that his friend has 400 bit coins in his account, he started this 3 years ago.
one of my friends in 1st grade told me that he found a way to jump OVER the flag in super mario bros, and when he did it it broke his NES but nintendo gave him a new one PLUS six free games
spoiler: he was lying
one of my friends in 1st grade told me that he found a way to jump OVER the flag in super mario bros, and when he did it it broke his NES but nintendo gave him a new one PLUS six free games
spoiler: he was lying
I'm still trying to get my head around how bitcoin has any credibility as a currency.
Last week, a man bought a tesla for 91.4 bitcoins.
Link
Now the dealer has these 91.4 bitcoins that are today worth $81,346. He just took a bath, or if he was lucky enough to sell them at $1,127 then the next person took the loss.
I see the speculative value as a pure investment, but I simply don't see how business can adopt them as currency.
China's currency is on the rise and it people know it. The lack of faith in US dollars, Euros, and Japanese yen has led to a surge in "dim sum bonds" which are bonds issued in Chinese yuan. I love how racist that term is. That's like giving a loan to a black person and calling it a "fried chicken bond."
What a lot of FUD and ignorance.
If you actually read the actual article YOU linked, you would have noticed this little tidbit:
"The transaction was handled by payment processor BitPay, so the dealership did not need to worry about gains and losses in the value of the Bitcoins. They received an immediate bank transfer in US dollars."
Using bitcoin in this way has ZERO risk. It doesn't matter how much the value fluctuates, you get exactly the USD value you are sent. It's better than a credit card payment, because no absurd merchant fees or possibility of chargeback. It's better than paypal, for the same reasons.
Even if bitcoin doesn't succeed in the long term as a currency, it has already emerged as the superior-by-far option for payment processing.
Deutsche Bank implicated in price manipulation
Physical gold being sold far above the London price
US mint runs out of silver
To top that off, we've refused to give Germany's gold back to Germany. We don't have the gold. It's all gone. The amount of "paper" gold greatly exceeds the amount of physical gold.
What a lot of FUD and ignorance.
If you actually read the actual article YOU linked, you would have noticed this little tidbit:
"The transaction was handled by payment processor BitPay, so the dealership did not need to worry about gains and losses in the value of the Bitcoins. They received an immediate bank transfer in US dollars."
Using bitcoin in this way has ZERO risk. It doesn't matter how much the value fluctuates, you get exactly the USD value you are sent. It's better than a credit card payment, because no absurd merchant fees or possibility of chargeback. It's better than paypal, for the same reasons.
Even if bitcoin doesn't succeed in the long term as a currency, it has already emerged as the superior-by-far option for payment processing.