Gold collapsing. Bitcoin UP. - page 1030.

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LEALANA Bitcoin Grim Reaper

Quote from: cypherdoc on August 14, 2014, 01:25:54 AM

Quote from: hardhouseinc on August 14, 2014, 01:12:45 AM

Every time I see this thread and then watch BTC tank 10%+ in 2 or 3 days makes me laugh.
I have over 30oz of gold coins and would buy 30 more before I buy 5 BTC.
I question how many people here own 1/10th of that amount of BTC
Gold has been up $15 the last weeks. And good ol bitcoin, tanking again, no surprises there.
But oh yah, it will be $1500 again by January.
Thats a good one.
Maybe more like $150 per BTC there you experts.
LOLZ
People here make me Huh

everytime i see ppl like you enter this thread and scream buy gold, i laugh. b/c i think about how i sold out all my silver starting @ 48 and gold @ 1750 to then turn around and start plowing that into BTC starting @ 1.60.

so there.

edit: it wasn't a linear sequential sell then buy process, so don't go back and line up prices with dates as they won't match up. it was a conscious decision made to execute a transitional strategy at opportune times starting in March 2011 when i finally wrapped my head around Bitcoin after 2 mo of non-stop research starting in Jan 2011. i have the advantage of having lived and breathed pretty much the entire life history of this ongoing up and down transition which gives me some perspective. sure i could start being very wrong, but i don't think so.

Don't worry people like that are only looking at the short term.

Bitcoin is waaaay up % wise over the past 3 years as compared to gold. No contest.

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Quote from: manfred on August 14, 2014, 02:53:43 AM

Quote from: cypherdoc on August 14, 2014, 02:21:26 AM

The german spike could be related to the repetition of a piece about "Bitcoin Millionaires" on Galileo, which is a popular tv show about various "science" topics.

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Energy is Wealth

Quote from: cypherdoc on August 14, 2014, 02:21:26 AM

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Zarathustra

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Quote from: cypherdoc on August 13, 2014, 03:21:42 PM

these are actually 2 very important graphs.

back in 2007, i recognized that the ability of the banking elite to encumber the average US citizen with the biggest purchase in their lifetimes was coming to an end. ever since that time, the Fed has more than quintupled the monetary base to support all sorts of bad debt instruments doled out to just about everyone except these same average US citizens. it's clear from these graphs the jig is up. the avg person has caught on and are not participating in the necessary Ponzi scheme which is required to keep these Ponzi assets pumped up. since the banksters can't rely on encumbering the avg citizen anymore, they've turned to gov't/Fed bailouts and free money to keep the game going. when we start getting sovereign defaults, a fresh crisis will arise. Argentina may represent that first salvo. get yourselves into a digital bearer instrument asap. and i don't mean USD's.

There is only one (1!) economist on this planet who predicted how the endgame will look like:

"Heute ist weltweit Bagehot total: Alle Staaten werden für alle Staaten, alle Notenbanken für alle Notenbanken haften, einschließlich Währungsfonds und Weltbank und vielen anderen internationalen Institutionen. Und alle Staaten werden für alle Banken geradestehen, aber auch alle Notenbanken für alle Staaten und alle Staaten für alle Notenbanken. Alle, alle, alle werden für alle, alle, alle dasein. Und alle wissen, dass keinem von allen etwas passieren darf, weil dann allen etwas zustößt." Paul C. Martin 1987

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Quote from: hardhouseinc on August 14, 2014, 01:12:45 AM

Every time I see this thread and then watch BTC tank 10%+ in 2 or 3 days makes me laugh.
I have over 30oz of gold coins and would buy 30 more before I buy 5 BTC.
I question how many people here own 1/10th of that amount of BTC
Gold has been up $15 the last weeks. And good ol bitcoin, tanking again, no surprises there.
But oh yah, it will be $1500 again by January.
Thats a good one.
Maybe more like $150 per BTC there you experts.
LOLZ
People here make me Huh

everytime i see ppl like you enter this thread and scream buy gold, i laugh. b/c i think about how i sold out all my silver starting @ 48 and gold @ 1750 to then turn around and start plowing that into BTC starting @ 1.60.

so there.

edit: it wasn't a linear sequential sell then buy process, so don't go back and line up prices with dates as they won't match up. it was a conscious decision made to execute a transitional strategy at opportune times starting in March 2011 when i finally wrapped my head around Bitcoin after 2 mo of non-stop research starting in Jan 2011. i have the advantage of having lived and breathed pretty much the entire life history of this ongoing up and down transition which gives me some perspective. sure i could start being very wrong, but i don't think so.

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Most Advanced Crypto Exchange on the Blockchain

Every time I see this thread and then watch BTC tank 10%+ in 2 or 3 days makes me laugh.
I have over 30oz of gold coins and would buy 30 more before I buy 5 BTC.
I question how many people here own 1/10th of that amount of BTC
Gold has been up $15 the last weeks. And good ol bitcoin, tanking again, no surprises there.
But oh yah, it will be $1500 again by January.
Thats a good one.
Maybe more like $150 per BTC there you experts.
LOLZ
People here make me Huh

cypherdoc

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Quote from: solex on August 14, 2014, 12:43:21 AM

Finally! Mish is mentioning Bitcoin and not pretending it away. Another long slow conversion in progress:

"Capital Flight From China, One Person at a Time, Via ATM and Bitcoin"

http://globaleconomicanalysis.blogspot.de/2014/08/capital-flight-from-china-one-person-at.html

Also, nice to see some reality behind the theory that Bitcoin's killer app is avoiding currency controls.

Darn, that wasn't an endorsement by him.

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100 satoshis -> ISO code

Finally! Mish is mentioning Bitcoin and not pretending it away. Another long slow conversion in progress:

"Capital Flight From China, One Person at a Time, Via ATM and Bitcoin"

http://globaleconomicanalysis.blogspot.de/2014/08/capital-flight-from-china-one-person-at.html

Also, nice to see some reality behind the theory that Bitcoin's killer app is avoiding currency controls.

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Quote from: damnek on August 13, 2014, 11:42:21 PM

Quote from: cypherdoc on August 13, 2014, 11:05:11 PM

sentiment feels pretty washed out.

It's been weeks and weeks of selling. When will it finally end?

I think soon.

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100 satoshis -> ISO code

Quote from: damnek on August 13, 2014, 11:42:21 PM

Quote from: cypherdoc on August 13, 2014, 11:05:11 PM

sentiment feels pretty washed out.

It's been weeks and weeks of selling. When will it finally end?

It may have ended on April 11th.
It is just that the climb back is a bit slow and rocky. The year started at $730 and it will probably finish above that level.

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Quote from: cypherdoc on August 13, 2014, 11:05:11 PM

sentiment feels pretty washed out.

It's been weeks and weeks of selling. When will it finally end?

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sentiment feels pretty washed out.

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Quote from: cypherdoc on August 13, 2014, 02:28:43 PM

Quote from: cypherdoc on August 13, 2014, 02:14:23 PM

Quote from: cypherdoc on August 13, 2014, 02:01:29 PM

looks to me that Schiff and Rickards have entered their own echo chamber out of necessity; they're the only ones left.

https://www.youtube.com/watch?v=ImqxhaPyLEo

they talk about Bitcoin @ 22:00

it's amazing that Rickards can't see the hypocrisy in his own arguments against Bitcoin. he's critical that Bitcoin isn't yet a unit of account. but what about gold? how does everyone refer to their gold values? oh yeah, same way, in USD's! also, he's critical of the capital gains ruling against Bitcoin. well, what about gold again? oh, it's tax tx is even worse as a collectible or as personal income depending on your income bracket. he also criticizes that Bitcoiners may tax dodge, while ignoring that a fundamental property of Bitcoin is that it makes it easier to do so if one wishes compared to gold. that's not a fault of Bitcoin, it's a fault of the owner.

Schiff still thinks it's a tulip mania destined to crash. not sure how this squares with what Tucker claims he said. but why should 1200 or so be a ceiling for Bitcoin when gold went to 1923 at it's peak? what's a share of Berkshire Hathaway stock priced at?

amazingly shallow analysis.

Definitely agree. As much as I like Rickards books, for both he and Schiff to talk of the reckless actions of the Fed, the impending death of the dollar and the fiat system and then give such ordinary arguments against a protocol that disintermediates the very thing they criticise, well, it seems strange. Its like saying that the govt is manipulating, wrong, crooked etc but dont do anything about it cos they will ban you; they are just hoping everything implodes and gold becomes the fallback by default.

Even if they are gold guys, being on board with something that benefits their clients should be their main priority not to reinforce their existing biases.

Of course they may also steadfastly believe that bitcoin will fail, but their arguments are out of sync with their rhetoric.

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this is interesting.

according to Stockman, the leveraged structured securities markets is alive and well. and starting to trigger margins calls against hedge funds:

Hidden Financial Bombs: Margin Calls Hit Hedge Funds Speculating in Freddie/Fannie Bonds With High Repo Leverage

http://davidstockmanscontracorner.com/hidden-financial-bombs-margin-calls-hit-hedge-funds-speculating-in-freddiefannie-bonds-with-high-repo-leverage/

that explains the chart below. technically, i don't see any way that the current bounce can lead to higher highs. there's been too much damage. and if i'm right, there's more significant pain to come for junk bond holders on the downside. any trouble there will be systemic.

get into digital bearer assets for safety:

cypherdoc

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Overstock starting to look interesting as an investment:

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Quote from: cypherdoc on August 13, 2014, 05:28:36 PM

and here you've been told Bitcoin was volatile. what'd that take, like 12 min from top to bottom? and during after hours when MOST traders don't have access to markets. btw, this shit happens ALL THE TIME:

here's a close up.

18.13 to 16.2 in that first red down candle on hardly any volume; within seconds of the announcement. and despite an earnings beat as indicated in yellow. translation: impossible to trade with any rationality, let alone impossible to trade in after hours, period.

this is how the pricks on Wall St make money; big players whipsawing small investors according to their whims:

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and here you've been told Bitcoin was volatile. what'd that take, like 12 min from top to bottom? and during after hours when MOST traders don't have access to markets. btw, this shit happens ALL THE TIME:

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"well, i've been quite vocal about not liking the Bitcoin "fix" being planned by Second Market. maybe routing around NY serves a purpose; avoid that debacle."

Ha, I'm more concerned about my flight routing around the Ukraine at the moment.

I wonder if the bitcoin "fix" will actually provide what passes for legitimacy in this effed up world.

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https://twitter.com/cypherdoc2/status/499682471131115521

Topic: Gold collapsing. Bitcoin UP. - page 1030. (Read 2032266 times)