Seems like stamp and gox prices are evening out, is it positive or negative in any way? What do you think?
Seems like wall will soon be eaten. I belive we will see 1000 again in this week.
What is this and how do you read it?
Is this saying it's going up to somewhere between 740-745?
It shows current GOX market data. If you look close enough and long enough i hope you are able to figure out what it excactly shows. Keywords are ask/bids depth, price and movement of these two in last hour.
Good mormon everyone. I have to work today so can't trade. Where shall I leave my bids? Got a couple at 300 (ha!), couple at 500....(ha!). What's the plan you non-pigs?
I think you will be disappointed.
+1
Shorter term there's a lot of support at 500 so a bounce from that level seems probable.
Longer term I think there is a chance that 350 will be visited but 300 would require something which I don't have knowledge of.
Add +10% for Gox.
When will we see 1000 again in your opinion, before summer?
Sane people making money of off fishes, nothing more.
TL; DR: We are at 650 in the beginning of July, 2014.
ALL SAID.
WoW, Risto nailed it this time
I think 600USD/4000CNY will hold and we wont fall under that for more than maybe few hours. I predict we will be hovering around 666 on the first of new month.
Hello, would anyone like to explain me what big part (about 30%) of usual hashrate have been doing today? In last 24h only around 230k transactions have been confirmed, it should be around 310-320k.
Due to that difficulty retargetng period has extended by about 1,5 days and next difficulty will probably be lower than the current one.
https://fork.lol/pow/retargetIf same ammount of hashrate would have been online as 2 days ago, we would have about 100k less transaction in mempool and 40-50 sat/b would be clearing instead of 200 sat/b.
And no, they are not mining Bcash as far as i can tell.
Strange
Guys, use Bitstamp for smaller transactions. I funded stamp with 1 btc and have sent numerous transactions (avg size is about 50 usd) with no fee at all. They batch their transactions so its free for you and almost free for them aswell, win - win.
A different question, now: how do you invest in precious metals? Do you actually buy silver and gold ingots to store, or do you purchase ETFs? I would like to include some general silver indexes in my portfolio.
It's 100% pointless to purchase metals if you don't buy physical. All the unallocated metals are rehypothecated so there's 500+ owners per ounce. They're just meaningless derivative contracts. When the Comex blows up, or when the govt has to revalue gold and silver exponentially higher to extinguish the debt bubble, you will either receive $0 for your contract, or they will cash out your contract at $20 an ounce of silver right before revaluing it to hundreds of dollars an ounce. In other words, paper owners miss out entirely on the once in a lifetime avalanche of profits.
What is the purpose of this paper hedge then? Nothing! It's an insurance policy that doesn't pay out. Paper metals are worthless. As for allocated metals instead of the unallocated variety, maybe you will get lucky, maybe not. If the organization has any type of serious weight like that Texas bullion depository, the govt will probably try to seize it. Things like the ETFs have a good chance of being seized, but I doubt they will attempt seizing private holder's metals again.
For one, they know zero people will give them up since nobody trusts the govt now. Secondly, they've already done a stealth confiscation by rigging the markets 10x more than usual post-2008 and having entities like JP Morgan take delivery of the physical as an agent of the US govt at the suppressed price. The only type of paper metals worth bothering with would be miners, but I have a feeling the govt will nationalize all assets in the ground as "deep storage" and leave anyone holding shares holding the bag.
TLDR: Buy either Canadian Maple Leafs, 10 oz Sunshine mint bars, or kilo bars
As a large holder of silver (about same ammont as crypto) i do not agree with your point of view. I looked into buying physical silver and compared the prices, even if i had bough a decent amount i would have paid about 7-8% extra and i live in a country where there is no VAT associated with buying silver as an investment. Other problem is that total ammount in kgs would have been around 300kg, so storing would have not been easy aswell.
Instead i chose to buy SIVR ETF which gives investors direct and pure exposure to silver by holding the physical metal in HSBC vaults. It has tracked the spot price of silver perfectly at a low cost for the precious metals segment.
I pay around 0.3% per year maintenance fee and could not be happier (well 40 $ pound would make me happier
), i would have paid around 25 years of fees if i had bought physical.
A different question, now: how do you invest in precious metals? Do you actually buy silver and gold ingots to store, or do you purchase ETFs? I would like to include some general silver indexes in my portfolio.
It's 100% pointless to purchase metals if you don't buy physical. All the unallocated metals are rehypothecated so there's 500+ owners per ounce. They're just meaningless derivative contracts. When the Comex blows up, or when the govt has to revalue gold and silver exponentially higher to extinguish the debt bubble, you will either receive $0 for your contract, or they will cash out your contract at $20 an ounce of silver right before revaluing it to hundreds of dollars an ounce. In other words, paper owners miss out entirely on the once in a lifetime avalanche of profits.
What is the purpose of this paper hedge then? Nothing! It's an insurance policy that doesn't pay out. Paper metals are worthless. As for allocated metals instead of the unallocated variety, maybe you will get lucky, maybe not. If the organization has any type of serious weight like that Texas bullion depository, the govt will probably try to seize it. Things like the ETFs have a good chance of being seized, but I doubt they will attempt seizing private holder's metals again.
For one, they know zero people will give them up since nobody trusts the govt now. Secondly, they've already done a stealth confiscation by rigging the markets 10x more than usual post-2008 and having entities like JP Morgan take delivery of the physical as an agent of the US govt at the suppressed price. The only type of paper metals worth bothering with would be miners, but I have a feeling the govt will nationalize all assets in the ground as "deep storage" and leave anyone holding shares holding the bag.
TLDR: Buy either Canadian Maple Leafs, 10 oz Sunshine mint bars, or kilo bars
As a large holder of silver (about same ammont as crypto) i do not agree with your point of view. I looked into buying physical silver and compared the prices, even if i had bough a decent amount i would have paid about 7-8% extra and i live in a country where there is no VAT associated with buying silver as an investment. Other problem is that total ammount in kgs would have been around 300kg, so storing would have not been easy aswell.
Instead i chose to buy SIVR ETF which gives investors direct and pure exposure to silver by holding the physical metal in HSBC vaults. It has tracked the spot price of silver perfectly at a low cost for the precious metals segment.
I pay around 0.3% per year maintenance fee and could not be happier (well 40 $ pound would make me happier
), i would have paid around 25 years of fees if i had bought physical.
HSBC? Good to have it stored with a trustworthy organization. I'm sure all is as it should be.
Well the ETF is audite annualy and all of my lawyers are sure if something radical happens with economy i can sue and get the physical silver as it is backed.
Anyway silver is around 10% of my portfolio and i see it being a great way to make some profit when next crises hits in 2-3 years or so.
