Gold collapsing. Bitcoin UP. - page 1013.

Chalkbot

legendary

Activity: 896

Merit: 1001

Quote from: cypherdoc on August 20, 2014, 03:45:27 PM

Quote from: Torque on August 20, 2014, 03:42:46 PM

Amagi Metals to stop accepting dollars, only crypto! That's friggin' bullish as hell! Cheesy

https://www.amagimetals.com/info/no-dollars-after-2016/

holy crap. that is amazing!

I'm not sure I understand it. Don't people buy PMs primarily because they want to trade away a currency they perceive as being a poor store of value for the commodity with a proven record? If they believe bitcoin also has these properties, are they not just cutting themselves out of the equation, or are they planning on capitalizing on the fees they will inevitably charge to convert dollars to bitcoins before a user can make a purchase?

I'm all for the "Dollars not accepted here" movement, but not really from the people selling bitcoins and PMs.... That's where we want to dump our dollars.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: HeliKopterBen on August 20, 2014, 05:30:43 PM

Quote from: cypherdoc on August 20, 2014, 04:03:18 PM

anyone care to summarize how big/important Amagi is in the pm space? never dealt with them before...

https://bitcointalksearch.org/topic/amagi-metals-best-prices-of-gold-silver-for-bitcoins-130831

I have used them before. Excellent service.

thanks.

wow, a year and 9mo of Bitcoin acceptance experience. they do understand Bitcoin then. and it seems quite well. it also must be treating them extremely well to make such a drastic switch away from USD and indirectly away from gold.

if that's not a statement, i don't know what is.

edit: btw, i love that logo

HeliKopterBen

hero member

Activity: 622

Merit: 500

Quote from: cypherdoc on August 20, 2014, 04:03:18 PM

anyone care to summarize how big/important Amagi is in the pm space? never dealt with them before...

https://bitcointalksearch.org/topic/amagi-metals-best-prices-of-gold-silver-for-bitcoins-130831

I have used them before. Excellent service.

cypherdoc

legendary

Activity: 1764

Merit: 1002

anyone care to summarize how big/important Amagi is in the pm space? never dealt with them before...

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Torque on August 20, 2014, 03:42:46 PM

Amagi Metals to stop accepting dollars, only crypto! That's friggin' bullish as hell! Cheesy

https://www.amagimetals.com/info/no-dollars-after-2016/

what... tha... fuck...!

Quote

Bitcoin now accounts for over 40% of the company’s customer payments.

wow.

this needs to spread!

EDIT: haha, just read about the ceos (Stephen Macaskill) bet with Schiff:

https://www.amagimetals.com/info/ceo-of-amagi-metals-makes-a-bet-with-peter-schiff/

Quote

Amagi’s CEO, Stephen Macaskill, approached Peter Schiff during the Q&A segment of the event and asked him to join in on a bet. Macaskill believes that Bitcoin will outpace gold in the next five years, in relation to how much gold Bitcoin can buy (ie: today 1 BTC buys about a 1/2 ozt. of gold…in 5 years it will buy much more). Schiff agreed to the bet that will cost the loser 1 Bitcoin*, assuring our CEO that the price of Bitcoin will eventually plummet. In the background a familiar voice called out to Schiff saying, “You might be making a risky bet Peter.” That voice was The Dollar Vigilante, himself, Jeff Berwick who continually speaks of the bright future of Bitcoin.

was probably posted here, but I skip stuff, sorry for repeat

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Chalkbot on August 20, 2014, 03:07:42 PM

Quote from: cypherdoc on August 20, 2014, 02:15:14 PM

Where does this chart come from?

http://www.bfxdata.com/combined/btc.php

molecular

donator

Activity: 2772

Merit: 1019

Quote from: cypherdoc on August 20, 2014, 02:15:14 PM

Dear Shorts,

it's only going to get worse when that little green line turns UP.

Sincerely,

cypherdoc

calculated at current price, that "little green line" is still 5 times higher than the red one.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: Torque on August 20, 2014, 03:42:46 PM

Amagi Metals to stop accepting dollars, only crypto! That's friggin' bullish as hell! Cheesy

https://www.amagimetals.com/info/no-dollars-after-2016/

holy crap. that is amazing!

Torque

legendary

Activity: 3780

Merit: 5429

Amagi Metals to stop accepting dollars, only crypto! That's friggin' bullish as hell! Cheesy

https://www.amagimetals.com/info/no-dollars-after-2016/

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: smoothie on August 20, 2014, 02:19:03 PM

Quote from: cypherdoc on August 20, 2014, 01:24:07 PM

Quote from: smoothie on August 20, 2014, 01:18:59 PM

Quote from: cypherdoc on August 20, 2014, 01:16:54 PM

Bitcoin UP, everything else DOWN.

Wrong: https://bitcoinwisdom.com/markets/btce/ltcbtc and https://bitcoinwisdom.com/markets/btce/ltcusd Grin

Cypher you know better than to spread misinformation. Come on man. Roll Eyes

GO smoothie GO!!!

Looks like you quoted it for you to preview before posting it. Thanks for clarifying what "everything" is and isn't. How can one assume it doesn't include Alts when you appear to discuss them on a daily basis in this very thread? Roll Eyes

and as for "everything", i'd bet 10 USD that i used the term for just those assets as i defined them back when you were subbed to my letter. there's no inconsistency. i'll try to be clearer next time.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: smoothie on August 20, 2014, 02:19:03 PM

Quote from: cypherdoc on August 20, 2014, 01:24:07 PM

Quote from: smoothie on August 20, 2014, 01:18:59 PM

Quote from: cypherdoc on August 20, 2014, 01:16:54 PM

Bitcoin UP, everything else DOWN.

Wrong: https://bitcoinwisdom.com/markets/btce/ltcbtc and https://bitcoinwisdom.com/markets/btce/ltcusd Grin

Cypher you know better than to spread misinformation. Come on man. Roll Eyes

GO smoothie GO!!!

Looks like you quoted it for you to preview before posting it. Thanks for clarifying what "everything" is and isn't. How can one assume it doesn't include Alts when you appear to discuss them on a daily basis in this very thread? Roll Eyes

first off, you know you added that last line after you originally posted it. when i read it, that line wasn't there. when i clicked to quote you, you must've just added it, and i posted my response w/o seeing your added line with it's implied annoyance. very simple explanation. otherwise, i would've addressed that annoyance straight off as opposed to later on down the thread.

Chalkbot

legendary

Activity: 896

Merit: 1001

Quote from: cypherdoc on August 20, 2014, 02:15:14 PM

Where does this chart come from?

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

Quote from: cypherdoc on August 20, 2014, 01:24:07 PM

Quote from: smoothie on August 20, 2014, 01:18:59 PM

Quote from: cypherdoc on August 20, 2014, 01:16:54 PM

Bitcoin UP, everything else DOWN.

Wrong: https://bitcoinwisdom.com/markets/btce/ltcbtc and https://bitcoinwisdom.com/markets/btce/ltcusd Grin

Cypher you know better than to spread misinformation. Come on man. Roll Eyes

GO smoothie GO!!!

Looks like you quoted it for you to preview before posting it. Thanks for clarifying what "everything" is and isn't. How can one assume it doesn't include Alts when you appear to discuss them on a daily basis in this very thread? Roll Eyes

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

Quote from: cypherdoc on August 20, 2014, 02:05:17 PM

Quote from: smoothie on August 20, 2014, 01:52:41 PM

Quote from: cypherdoc on August 20, 2014, 01:24:07 PM

Quote from: smoothie on August 20, 2014, 01:18:59 PM

Quote from: cypherdoc on August 20, 2014, 01:16:54 PM

Bitcoin UP, everything else DOWN.

Wrong: https://bitcoinwisdom.com/markets/btce/ltcbtc and https://bitcoinwisdom.com/markets/btce/ltcusd Grin

Cypher you know better than to spread misinformation. Come on man. Roll Eyes

GO smoothie GO!!!

So let's not address what I just posted. Okay moving on... Roll Eyes

ok, you're serious. (btw, you added that last sentence after i responded Roll Eyes

)

let me define what i think of as "everything" --> stocks, bonds, oil, gold, silver, soft commodities, and some fiat currencies.

i DON"T include Litecoin or any of the alts unless i specify them.

Ok so it is "everything". Gotcha. Wink

cypherdoc

legendary

Activity: 1764

Merit: 1002

Dear Shorts,

it's only going to get worse when that little green line turns UP.

Sincerely,

cypherdoc

cypherdoc

legendary

Activity: 1764

Merit: 1002

jam the shorts, baby.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: smoothie on August 20, 2014, 01:52:41 PM

Quote from: cypherdoc on August 20, 2014, 01:24:07 PM

Quote from: smoothie on August 20, 2014, 01:18:59 PM

Quote from: cypherdoc on August 20, 2014, 01:16:54 PM

Bitcoin UP, everything else DOWN.

Wrong: https://bitcoinwisdom.com/markets/btce/ltcbtc and https://bitcoinwisdom.com/markets/btce/ltcusd Grin

Cypher you know better than to spread misinformation. Come on man. Roll Eyes

GO smoothie GO!!!

So let's not address what I just posted. Okay moving on... Roll Eyes

ok, you're serious. (btw, you added that last sentence after i responded Roll Eyes

)

let me define what i think of as "everything" --> stocks, bonds, oil, gold, silver, soft commodities, and some fiat currencies.

i DON"T include Litecoin or any of the alts unless i specify them.

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper