Wednesday, November 27, 2013

Bitcoin Black Swan??

I lifted this from Krieger's site, artist/photographer unknown. I've dubbed it: BTS (BitSwan):





Update: artist found HERE

You can buy a shirt at that site. Pretty cool. Personally, not fond of yellow.



litecoin-ltc-tshirt

Tuesday, November 26, 2013

Description of Bitcoin (BTC) Value

This is one of the better descriptions of BTC I've heard. Start at 28:31.




Monday, November 25, 2013

Bitcoin or the Canadian Mint Chip?

 I've been doing some research on Litecoin(LTC) and Bitcoin(BTC) recently and it has been a whirlwind. For those of you who don't know I used to mine BTC. I sold all 230 or so for $6.00 or so.


Anyway I saw a video on my journey down "bizarro" path that particularly pissed me off and wanted to share that video with you and the comment that I posted subsequently.





Comment:
"So who's got the total number of these chips that there will be?

Is it INFINITY again like last time and the time before that and the time before that?

What's to stop Bernanke and the likes of sending as many digital units as they wish? Oh wait! Bernanke has already sent TRILLIONS  to banks overseas. Someone just made the decision and off went Trillions!

No one makes a peep? And what problem exactly do people have with BTC and LTC? Someone tell me the difference...

Governments aren't going to get away with destroying the value of currency and then changing the face of currency and starting it all over again. People are getting away from that system as governments are being rendered incompetent with the TIDAL WAVE  of technology. Old power structures want things to stay exactly the same as they wear a golden ring around a fattened, puss filled finger full of rancor and decay. Waiting to explode."


I'll probably be writing more about this in the future.


Wednesday, November 20, 2013

USA-Freest Country On Earth (?)

Being an American citizen is not only becoming more and more restrictive but it is becoming embarrassing.





So if I want to use this service, I have to move out of the US, obtain citizenship and reapply. Congress and FinCEN are shackling US citizens intentionally or unintentionally. But it's happening.

Thursday, November 14, 2013

James Turk Silver Cup and Handle

This chart is simply stunning. Puts into perspective the calls for $5.00 silver. Can it happen?



Wednesday, November 13, 2013

Schiff on "Bitcoin is not Gold"







Why aren't people buying Bitcoin sending their money to GoldMoney.com? Yes it's true gold cannot be spent digitally right now because of governmental restrictions but that is loosening up. Bitcoin is not mainstream yet and may never be because it has nothing BUT government regulation coming. Gold less. BTC more.

Schiff's gold bank offers visa cards tied to your gold account that you can use to spend just as a debit card. What's inconvenient about that? GoldMoney will probably offer that in the future in a different regulatory environment. They had a payment system once but cancelled it because no one was spending their metal.

If you attach BTC to silver and gold medallions as I've heard suggested you have a pretender to silver and gold. What would be the point? If you gave that to me I'd say great, now how do I know the weight of the silver? The fact that it's suggested intones it doesn't have the inherent value that everyone wants it to have.

I'm not knocking BTC, I used to mine. It just needs to be spoken about clearly. BTC is a private wealth transfer system outside the banking system that avoids all the fees and international restrictions that ALL other forms of money have. That's the doom, or shall I say, fight, of the future. It will be very interesting.

Saturday, November 9, 2013

Silver On the Mend?

This is a really fascinating chart put together by Morris Hubbartt.What a perfect flag pole formation. Look how the waterfall decline bounces right off the long term support in the $20 area. Technical indicators are showing a reversal of direction.

If we stay in the current channel and can punch through the $25 area, it looks like we will have a solid breakout of this 2 year correction starting in January. I know my heart could definitely use the reprieve.





Friday, November 1, 2013

Uranium and Oil

This is just an observation I found interesting. Maybe Marin at Casey Research can explain this relationship.

Will Uranium rebound similarly to oil?? You can see that uranium started to rebound and then Fukushima hit.