back under

Glad you pointed this out. What many seemed to miss in 2008 was the ultimate perversion was not only the moral hazard that rewarded criminals, but also the fact that those who made conservative and/or "correct" choices were in fact punished. This was the ultimate fleecing that transferred money from true market participants to politically connected large banks.

Today when reading the FED's comments they seem confused at how the market ignores true economic fundamentals and instead only tracks FED policy. Yet this is exactly what the FED trained everyone to do.

Bitcoin isn't going anywhere:

plenty of time left.

The exact same time last year I thought the same thing and I sold some in August, I was ever so slightly wrong.  Lucky when I shuttered things off, I kept a balance.
Really cant tell, we have the FED taper going on and the conclusion to that should come sometime this year.   If they do fail to taper or in some small way alter their policy from expectations now then all sorts of things can happen with secondary drastic horizon altering events, it really is a snake in the grass a whole colony of them really

Think of it as ironic, the less fear the more apprehension is justified and any stability BTC can add could be valuable to some especially outside USA yet principally using dollars


That would be radical, they have bought things worth far less.   Its unlikely as it is they would increase their gold holdings which should have been done many years ago and certainly now.  Its not on their politically biased radar to even consider such things, if bitcoin were related to solar power projects or hosuing initatives with some kind of political kudos then maybe but it does not key into the system at present. 
  You might hope some kind of wild card hedge fund might consider and as their funds relate to QE it would be part of Fed policy indirectly

Just FTR, I'm 'hodling like a boss.'  I'll probably do so for at least another year before I sell at this price (assuming no bothersome changes crop up...when I'm paying attention which I've not been recently.)  Happily (and by design) I'm in a situation where my sales are driven largely by cash flow needs and I can easily do without for years long periods.

I just felt an itch to try to annoy cypherdoc is all.  Been busy with completely unrelated things.  Alas, they involve attorneys so I may need cash-flow more quickly than I had hoped.

This is, on the face of it, a good thing.

Don't forget that this has been a major criticism of the doom and gloom crowd for years;  that the big boys could get out of their derivative contracts at a failing firm while everyone else gets stuck and left behind in their more traditional vehicles.

to be followed by merchant discounts.

ah, the never ending spiral: UP.

Getting the priorities right would be a good thing, but this equals to running away without paying legit debt. Anyway, I should say that the apparent objective is to reduce systemic contagion. I think it would do nothing to reduce systemic contagion.