Author

Topic: Gold collapsing. Bitcoin UP. - page 1015. (Read 2032266 times)

legendary
Activity: 1764
Merit: 1002
August 20, 2014, 09:31:20 AM
smack these bitches:



oh, and use USD leverage  Wink
legendary
Activity: 1764
Merit: 1002
August 20, 2014, 09:30:31 AM
smack these bitches:

legendary
Activity: 1764
Merit: 1002
August 20, 2014, 09:26:06 AM
the plunge is coming.  you hear that Teebone?

legendary
Activity: 1764
Merit: 1002
August 20, 2014, 09:10:25 AM
Never cared about gold prices, its very stable.

BTC rising is what everyone wishes  Wink

sort of.  of course i'll point to the drop from 1923 to now as counter argument.

but there is a boatload of theoretical reasons why Bitcoin is superior as i've tried to document in this thread ad nauseum.  if my message was untrue, this thread wouldn't be so popular.  yes, it's still debatable, but i see a trend in sentiment and price.
member
Activity: 63
Merit: 10
August 20, 2014, 08:21:08 AM
Never cared about gold prices, its very stable.

BTC rising is what everyone wishes  Wink
legendary
Activity: 1400
Merit: 1013
August 20, 2014, 08:20:09 AM
BTC is a safer bet than gold imo

Not safer. It has a higher risk of going to zero. Much more +EV though.

Would you rather take 30 of these:



Or 2700BTC?

If you cant take anything in between?

2700 BTC if the current price is higher.

Gold safe bet is about 4x in the future (gold $5000) whereas Bitcoin still has at least 10x to go. It's about risk/reward.

But you can't really say. I personally own both. I see gold safest bet there is. BTC is still a mystery in long run. Have some just in case, but wont make a dent if BTC goes zero.
Gold is an anchor that leaves you locked into a limited geographical area.

You can take 100% of your Bitcoin savings with you undetectably across any imaginary line on a map.
newbie
Activity: 30
Merit: 0
August 20, 2014, 08:16:12 AM
BTC is a safer bet than gold imo

Not safer. It has a higher risk of going to zero. Much more +EV though.

Would you rather take 30 of these:

http://www.usacoinbook.com/us-coins/gold-bar-1-kilo.jpg

Or 2700BTC?

If you cant take anything in between?

2700 BTC if the current price is higher.

Gold safe bet is about 4x in the future (gold $5000) whereas Bitcoin still has at least 10x to go. It's about risk/reward.

But you can't really say. I personally own both. I see gold safest bet there is. BTC is still a mystery in long run. Have some just in case, but wont make a dent if BTC goes zero.
legendary
Activity: 1764
Merit: 1002
August 20, 2014, 08:09:15 AM
Beautiful recovery off the lows of the attempted sell-off from last night.

Buy hard.
legendary
Activity: 3122
Merit: 1538
yes
August 20, 2014, 08:07:53 AM
BTC is a safer bet than gold imo

Not safer. It has a higher risk of going to zero. Much more +EV though.

Would you rather take 30 of these:



Or 2700BTC?

If you cant take anything in between?

2700 BTC if the current price is higher.

Gold safe bet is about 4x in the future (gold $5000) whereas Bitcoin still has at least 10x to go. It's about risk/reward.
newbie
Activity: 30
Merit: 0
August 20, 2014, 08:05:48 AM
BTC is a safer bet than gold imo

Did some math Smiley

Heres all the gold in the world:

http://demonocracy.info/infographics/world/gold/images/demonocracy-gold-all_gold_in_the_world-reserves-cube.jpg

All the Bitcoin ever mined is about 2,7 metres high cubic in gold current
Spot bid and BTC bid value.
legendary
Activity: 1764
Merit: 1002
August 20, 2014, 08:04:30 AM
BTC is a safer bet than gold imo

Not safer. It has a higher risk of going to zero. Much more +EV though.

Would you rather take 30 of these:



Or 2700BTC?

If you cant take anything in between?

I already made my choice and I'm sticking with it. 
newbie
Activity: 30
Merit: 0
August 20, 2014, 07:49:25 AM
BTC is a safer bet than gold imo

Not safer. It has a higher risk of going to zero. Much more +EV though.

Would you rather take 30 of these:

http://www.usacoinbook.com/us-coins/gold-bar-1-kilo.jpg

Or 2700BTC?

If you cant take anything in between?
donator
Activity: 1722
Merit: 1036
August 20, 2014, 06:24:21 AM
BTC is a safer bet than gold imo

Not safer. It has a higher risk of going to zero. Much more +EV though.
NWO
sr. member
Activity: 392
Merit: 250
August 20, 2014, 06:14:25 AM
BTC is a safer bet than gold imo
donator
Activity: 1722
Merit: 1036
August 20, 2014, 03:15:39 AM
The alt situation is a *key* reason why many gold-bugs think bitcoin is ridiculous.

The commodities market is a *key* reason why many fiat-bugs think gold is ridiculous.
legendary
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
August 20, 2014, 02:43:27 AM
get the hell outta my way.  seriously:



This chart keeps amazing me. It's just... I mean... where will it end?

Fuck Moore, we're doubling every 2.5 months.



It's more like doubling every 1-1.5months avg over the past year, isn't it? If it's really 2.5mo, I may have some new asicminer equipment to buy...
Wait until it's closer to production costs.  It's getting there.
legendary
Activity: 1855
Merit: 1016
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
August 19, 2014, 11:37:41 PM
I think you took my "harm" statement way too personally. Again, apologies for that.
"unintended consequences" might have been closer to your meaning?
These are difficult to avoid.
One thing is certain, the only way to do nothing wrong is to do nothing. so the effort should be appreciated.

LTC is/was the backstop for BTC, just in case, and may have fixed some of the early problems.  It provided the test bed for some new ideas and showed the way for other experimentation.
It will always have a place in my heart for that, even if someday not in my wallet.
We gain little from fighting each other, especially when there are so many outside our little world that would do that for us.
legendary
Activity: 1764
Merit: 1002
August 19, 2014, 11:29:53 PM
meanwhile, the USD index $DXY continues it's breakout to the upside.  no wonder gold and silver are suffering.  question is: will Bitcoin continue to suffer as well?

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