Author

Topic: Gold collapsing. Bitcoin UP. - page 1032. (Read 2032266 times)

legendary
Activity: 1764
Merit: 1002
August 13, 2014, 02:05:11 PM
legendary
Activity: 1400
Merit: 1013
August 13, 2014, 02:04:04 PM
most of the trolls around here don't realize that they'd have to take the price down to single digits to inflict any losses on to many of us.  if it just stayed where it is today, many of us could retire tomorrow.
I think the trolls realize that Bitcoin is a war of secession and are working for the other team.

http://www.informationweek.com/security/client/air-force-seeks-fake-online-social-media/229219056

This isn't some game - we're taking direct aim at their paychecks, perks, and pensions and they aren't going to just give those up without a fight.
legendary
Activity: 2324
Merit: 1125
August 13, 2014, 02:02:58 PM
my biggest fault is underestimating just how stupid ppl can be.  as long as the protocol is intact, Bitcoin is good.  every day that goes by w/o a hack or major bug strengthens the cause and message.
As far as I'm concerned, Bitcoin is fine at this price since I don't rely on trading or speculation for income.

Thanks to Bitcoin, my income is location-independent. My savings are also location-independent and not remotely confiscatable.

Low exchange rates means my income has increased if I use Bitcoin as my unit of account (which I do).

yeah, most of the trolls around here don't realize that they'd have to take the price down to single digits to inflict any losses on to many of us.  if it just stayed where it is today, many of us could retire tomorrow.

Taking the price to any price won't inflict losses (or gains) as long as people don't sell at those prices. Paper losses people. All they can do is reduce your liquidity temporarily.
legendary
Activity: 1764
Merit: 1002
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
legendary
Activity: 1764
Merit: 1002
August 13, 2014, 01:59:17 PM
my biggest fault is underestimating just how stupid ppl can be.  as long as the protocol is intact, Bitcoin is good.  every day that goes by w/o a hack or major bug strengthens the cause and message.
As far as I'm concerned, Bitcoin is fine at this price since I don't rely on trading or speculation for income.

Thanks to Bitcoin, my income is location-independent. My savings are also location-independent and not remotely confiscatable.

Low exchange rates means my income has increased if I use Bitcoin as my unit of account (which I do).

yeah, most of the trolls around here don't realize that they'd have to take the price down to single digits to inflict any losses on to many of us.  if it just stayed where it is today, many of us could retire tomorrow.
legendary
Activity: 1400
Merit: 1013
August 13, 2014, 01:49:29 PM
my biggest fault is underestimating just how stupid ppl can be.  as long as the protocol is intact, Bitcoin is good.  every day that goes by w/o a hack or major bug strengthens the cause and message.
As far as I'm concerned, Bitcoin is fine at this price since I don't rely on trading or speculation for income.

Thanks to Bitcoin, my income is location-independent. My savings are also location-independent and not remotely confiscatable.

Low exchange rates means my income has increased if I use Bitcoin as my unit of account (which I do).
legendary
Activity: 1764
Merit: 1002
August 13, 2014, 01:39:29 PM
my biggest fault is underestimating just how stupid ppl can be.  as long as the protocol is intact, Bitcoin is good.  every day that goes by w/o a hack or major bug strengthens the cause and message.
legendary
Activity: 1764
Merit: 1002
August 13, 2014, 01:26:42 PM
just a little reminder.  10y charts:

GDXJ


GDX


Gold


Silver


devastation
legendary
Activity: 1764
Merit: 1002
August 13, 2014, 01:15:16 PM
bitcoin down, gold up?

ya i think gold has gone from about 1200 to 1300 this yr... bitcoin from about 1200 to 500



Yep. I think there are lots of people who put much credence on the bit licenses. Personally. I think they're mouth breathers, but I've been wrong before.

+1 to traderCJ  for now.

well, similar to previous times, we needed some *news/reason (TM) to get some panic selling. As i had predicted/hoped (TM) in a speculative post a month ago, we touched the 365 day MA again... (thanks gaiz!) so i'm all out of fiat as i loaded up yesterday.

(we may continue the growth now imo, Smiley)

yeah, it's not uncommon to get a throw under support to flush out the last remaining weak hands.  554 was such a tempting target for bears...
full member
Activity: 232
Merit: 100
August 13, 2014, 01:10:09 PM
bitcoin down, gold up?

ya i think gold has gone from about 1200 to 1300 this yr... bitcoin from about 1200 to 500



Yep. I think there are lots of people who put much credence on the bit licenses. Personally. I think they're mouth breathers, but I've been wrong before.

+1 to traderCJ  for now.

well, similar to previous times, we needed some *news/reason (TM) to get some panic selling. As i had predicted/hoped (TM) in a speculative post a month ago, we touched the 365 day MA again... (thanks gaiz!) so i'm all out of fiat as i loaded up yesterday.

(we may continue the growth now imo, Smiley)
sr. member
Activity: 364
Merit: 250
August 13, 2014, 12:51:24 PM
It's a good thing I've saved lots of ammunition.

The entire world is filled with ammunition.

I'm right there with ya!  (Got off a couple of shots this morning!)
legendary
Activity: 1764
Merit: 1002
August 13, 2014, 12:37:32 PM
It's a good thing I've saved lots of ammunition.

The entire world is filled with ammunition.
legendary
Activity: 1764
Merit: 1002
August 13, 2014, 10:29:21 AM
bitcoin down, gold up?

ya i think gold has gone from about 1200 to 1300 this yr... bitcoin from about 1200 to 500



Yep. I think there are lots of people who put much credence on the bit licenses. Personally. I think they're mouth breathers, but I've been wrong before.

+1 to traderCJ  for now.
legendary
Activity: 2044
Merit: 1005
August 13, 2014, 09:19:44 AM
Think about it...

Where was Bitcoin when it was at 2.75 years old?

I think you will find some very particular similarities between the two.

I think the assumption that litecoin would take the same development path as bitcoin is quite a stretch, tbh.


Retailers are beginning to accept it, for one. Not many but a few. I was browsing a great electronics site yesterday (can't remember the name) that accepted both BTC & LTC. Very well designed, professional site.

You don't see businesses stoping to accept bitcoins but you see new businesses starting to accept it; the technology is superior to what exists and safer and the western financial system will be hit hard with most fiat currencies showing their inherent weaknesses for everyone to see so Bitcoin will gain value

I think we are already passed that.. talking about ltc now.
full member
Activity: 232
Merit: 100
August 13, 2014, 08:29:19 AM
bitcoin down, gold up?

ya i think gold has gone from about 1200 to 1300 this yr... bitcoin from about 1200 to 500

legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
August 13, 2014, 08:26:59 AM
bitcoin down, gold up?
legendary
Activity: 1918
Merit: 1018
August 13, 2014, 06:28:10 AM
Think about it...

Where was Bitcoin when it was at 2.75 years old?

I think you will find some very particular similarities between the two.

I think the assumption that litecoin would take the same development path as bitcoin is quite a stretch, tbh.


Retailers are beginning to accept it, for one. Not many but a few. I was browsing a great electronics site yesterday (can't remember the name) that accepted both BTC & LTC. Very well designed, professional site.

You don't see businesses stoping to accept bitcoins but you see new businesses starting to accept it; the technology is superior to what exists and safer and the western financial system will be hit hard with most fiat currencies showing their inherent weaknesses for everyone to see so Bitcoin will gain value
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
August 13, 2014, 02:25:51 AM
Think about it...

Where was Bitcoin when it was at 2.75 years old?

I think you will find some very particular similarities between the two.

I think the assumption that litecoin would take the same development path as bitcoin is quite a stretch, tbh.


That wasn't the implication. The honest scale of comparison was what I was addressing, even though the price movements are somewhat similar.
hero member
Activity: 924
Merit: 1000
August 13, 2014, 02:07:27 AM
Think about it...

Where was Bitcoin when it was at 2.75 years old?

I think you will find some very particular similarities between the two.

I think the assumption that litecoin would take the same development path as bitcoin is quite a stretch, tbh.


Retailers are beginning to accept it, for one. Not many but a few. I was browsing a great electronics site yesterday (can't remember the name) that accepted both BTC & LTC. Very well designed, professional site.
donator
Activity: 2772
Merit: 1019
August 13, 2014, 01:54:56 AM


ouch! That's a 20% drop in 2 days.
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