Hedging and shorting are two different things. Clearly there is a turnaround coming, which way is not yet known. Gold is at highs as are markets. a little bit of grabbing stops is expected. Bit coin is a market small, but still a market. both had great growth and both seem at a glance to fail in the same week. This is respectful. IMO
|Investors during the tech bubble repeatedly speak out against bitcoins, no one listened. It would be funny if bit coins owners now see the gold chart and tell them same investors to get out and turned out to be right .
Also if some one knows a good youtube video that explains this stuff it would be appreciated. also if you know of a you tube video that may explain the controversial MM or government or bank way of shacking people out of an investment (or trying manipulate markets it would be helpful. Before you go off laughing, I would like to show you my recent research that is clearly biased... 1. a country asks the US to give back their gold 2. Cyprus bank accounts. 3. cyprus gold. 3.9 Bernanke talks about stopping the printing press. there was no inflation, (maybe it is coming ? ) 4. Canada changes laws and the term "bail in" is coined referring to Cyprus style thinking ( not a big event but living here it was noted) bit coin crashes. 5. banks lower out look. 6. Texas buys and protects. Texas has changed legislation (i think recently) to allow for investments in physical gold by pension? or mutual funds? also they added that such investments would be protected from a government confiscation. I am telling you that I am aware of my bias. I truly do not know where price will go. I can see new highs as easily as i can see gold get a 50% hair cut. or even more like bitcoins. Banks and charts are telling me to short. but smart money seems to be buying or ready to buy the dip. All i know is volatility has been violated and insurance may be a good idea.
Dude seriously, stop drinking or kill your Hershey DNA somehow.... Anyhow we just bounced back from 130, currently 122. My position is nicely in profits. This baby will be back close to 180-200 in a few days... Under 70 it was a huge buy....
Sadly, I wasn't even trying to mimic him. Im not sure why people say that, my vocab punctuation and spelling are the inverse of his. I guess in the end incoherence in a long post is just that
I'm kinda clueless when it comes to tech. Stupidly I placed an order with Butterflylabs. So here is my question. why is it that butterfly labs can make a product that is so much more efficient. with a fraction of the energy consumption, it some how produces multiples of the out put vs typical graphic cards. Yet it seems most people use technology that consumes more energy. I was beginning to think that they were a scam. but now i wonder about the product itself. I mean graphic cards are made for one thing, so it is possible that they are really not efficient. but is there another kind of technology out there that is that much better?
It's all about engineering trade-offs. You can solve any algorithm on a normal CPU. CPUs are very general-purpose by design, so you trade speed and power efficiency for maximum flexibility. A graphics card (GPU) is like having hundreds of more specialized CPUs in parallel. These parallel CPUs are not as general-purpose as the CPU in your PC. To play video games, run CAD software etc you need more speed or the frame rate is painfully slow. GPUs deliver that speed but produce lots of heat so they frequently have multiple fans. Bitcoins can be mined on your PC's CPU veeeeery slowly. They can also be mined on a GPU but about 100x faster. Butterfly Labs' ASIC design takes another step in the direction of specialization. An ASIC is a custom chip that's designed for one specific purpose; in this case mining Bitcoins. They aren't useful for anything else, just mining Bitcoins. By making a chip for a single purpose the extra logic to make it more general purpose is left out. Less logic gates = less power consumption. Also, an ASIC design can be more scalable. i.e. to add power you can theoretically just gang together more ASIC chips. A couple of years ago I bought a $130 graphics card to do GPU mining of Bitcoin at about 207 Mhash/sec. I pre-ordered the cheapest BFL for $150 last year that will do about 5 Ghash/sec (about 26x faster) just to give you some numbers to think about.