Author

Topic: Gold collapsing. Bitcoin UP. - page 1082. (Read 2032266 times)

legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
July 16, 2014, 02:48:28 PM
This is one of the catalysts I am looking for to spark a Bitcoin rally like no other:

The next time the world has a financial crisis, Bitcoin will soar to the heavens as central banks around the world print to oblivion.
legendary
Activity: 1764
Merit: 1002
July 16, 2014, 01:54:35 PM


It felt like insanity at the time. Not helped by the failure to deploy 700 bitcoinicabux before they got zhoutonged Wink



you had to use my meme, Zhoutonged. Roll Eyes

Look, everyone around knows I'm annoyed at those guys for not giving me credit for coming up with that name. It's not like I want them to pay me or even constantly remind people that it was me who coined the term. All I'd like is a little recognition so people can give credit where credit is due.

What really irks me is that they claim the invented it initially. Only when called out did they admit, on LTB, that maybe it wasn't them who did. I could give 2 shits if they run with the name and make bank off it; that would just validate how creative the name is/was. But don't sit there and claim you were the ones with the creativity. Plus, it's all documented in the original thread.

I just don't get that kind of dishonesty. I know this is petty. Rant off:

https://bitcointalksearch.org/topic/how-many-of-you-have-been-zhoutonged-49445
donator
Activity: 2772
Merit: 1019
July 16, 2014, 12:38:28 PM
Hashrate back to an all time high and distribution continues to look better.

Great news everyday.

Major retailers offering large discounts to get our bitcoin business.

Former head of the U.S mint buying bitcoin..also accompanied by several billionaires

and people continue to sell.

wtf people   Roll Eyes

Next rise is going to burn a lot of "bears"

its simply impatience. There's another thread asking why its taking so long. From July 2011 to November 2011 was a 6 month grind from 32 to 1.98. That was painful. But having the fortitude and patience to go to the beach or buy that dip yielded in the thousands of percent return.

there will always be those in for the quick flip.

It felt like insanity at the time. Not helped by the failure to deploy 700 bitcoinicabux before they got zhoutonged Wink

It doesn't feel half as crazy this time really, (maybe if we went double digits it might) and I don't mind waiting. Having said that, 10k before year end would pay pretty big for me due to a speculative wager I made on bit bet a long time ago Smiley

yes, but there's a major difference: News this time is extremely positive, back then it was all doom, gloom and the death of Bitcoin in the news. It was a capitulation type mood.
legendary
Activity: 2576
Merit: 1087
July 16, 2014, 06:25:14 AM
Hashrate back to an all time high and distribution continues to look better.

Great news everyday.

Major retailers offering large discounts to get our bitcoin business.

Former head of the U.S mint buying bitcoin..also accompanied by several billionaires

and people continue to sell.

wtf people   Roll Eyes

Next rise is going to burn a lot of "bears"

its simply impatience. There's another thread asking why its taking so long. From July 2011 to November 2011 was a 6 month grind from 32 to 1.98. That was painful. But having the fortitude and patience to go to the beach or buy that dip yielded in the thousands of percent return.

there will always be those in for the quick flip.

It felt like insanity at the time. Not helped by the failure to deploy 700 bitcoinicabux before they got zhoutonged Wink

It doesn't feel half as crazy this time really, (maybe if we went double digits it might) and I don't mind waiting. Having said that, 10k before year end would pay pretty big for me due to a speculative wager I made on bit bet a long time ago Smiley
FNG
hero member
Activity: 588
Merit: 500
July 16, 2014, 06:08:33 AM


One interesting point is that we know from Barry Silbert that there's ALOT of buying going on at second market offline because buyers don't want top move the market up while accumulating. That can only go on so long. Eventually they will have to enter the real market and pay up.

Once we start ramping, they will have to chase. That's always fun to watch.
A lot of competing funds coming online


and one billionaires opinion on the gold market

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/15_Billionaire_Sprott_-_The_Bank_Of_England_Gold_Vaults_Are_Empty.html
legendary
Activity: 1764
Merit: 1002
July 16, 2014, 05:37:48 AM
This is also precisely why you can never blame hodlers or deflation for not being able to buy bitcoin.
there's always someone willing to sell as we're witnessing.  

One interesting point is that we know from Barry Silbert that there's ALOT of buying going on at second market offline because buyers don't want top move the market up while accumulating. That can only go on so long. Eventually they will have to enter the real market and pay up.

Once we start ramping, they will have to chase. That's always fun to watch.
legendary
Activity: 1764
Merit: 1002
July 16, 2014, 05:25:53 AM
Hashrate back to an all time high and distribution continues to look better.

Great news everyday.

Major retailers offering large discounts to get our bitcoin business.

Former head of the U.S mint buying bitcoin..also accompanied by several billionaires

and people continue to sell.

wtf people   Roll Eyes

Next rise is going to burn a lot of "bears"

its simply impatience. There's another thread asking why its taking so long. From July 2011 to November 2011 was a 6 month grind from 32 to 1.98. That was painful. But having the fortitude and patience to go to the beach or buy that dip yielded in the thousands of percent return.

there will always be those in for the quick flip.
FNG
hero member
Activity: 588
Merit: 500
July 16, 2014, 05:15:00 AM
Hashrate back to an all time high and distribution continues to look better.

Great news everyday.

Major retailers offering large discounts to get our bitcoin business.

Former head of the U.S mint buying bitcoin..also accompanied by several billionaires

and people continue to sell.

wtf people   Roll Eyes

Next rise is going to burn a lot of "bears"
legendary
Activity: 1764
Merit: 1002
July 16, 2014, 05:10:16 AM
Dunnno if this was posted earlier or not.. haven't time right now to read back a few pages...but:

http://rt.com/business/173008-brics-bank-currency-pool/
Huge

this is why bitcoin is destined for greatness. They'll never reach a consensus to ban it. It will always grow and thrive in some part of the world. You cannot suppress an honest good idea forever.

It's time for sound money.
legendary
Activity: 1764
Merit: 1002
July 16, 2014, 03:56:33 AM
I'm surprised Edmund Moy only bought his first bitcoin today.

He's been relentlessly positive every day on twitter.
FNG
hero member
Activity: 588
Merit: 500
July 15, 2014, 10:03:06 PM
Dunnno if this was posted earlier or not.. haven't time right now to read back a few pages...but:

http://rt.com/business/173008-brics-bank-currency-pool/
Huge
sr. member
Activity: 371
Merit: 250
July 15, 2014, 07:39:06 PM
Dunnno if this was posted earlier or not.. haven't time right now to read back a few pages...but:

http://rt.com/business/173008-brics-bank-currency-pool/

Everything priced in dollars ..

It makes sense to price it in USD because the dollar is still the reserve currency. This is probably the main reason why gold was taken down because this sort of news would surely have spiked the price of gold. I'm not sure exactly when this deal was announced but it would be intersting to look at kitco and see what the price action was at the time of the announcement, and also the timing of the two gold slams. Sadly the BTC price didn't really move anywhere on the news.
legendary
Activity: 1764
Merit: 1002
donator
Activity: 2772
Merit: 1019
July 15, 2014, 05:26:13 PM
only bacteria grows this fast:


Developers who build bitcoin infrastructure are bacteria!


And Bitcoin is a virus using them?
legendary
Activity: 1764
Merit: 1002
July 15, 2014, 05:22:20 PM
this guy must've been reading this thread:  "Gold Bubble: Profiting from Gold's Impending Collapse"

http://www.cnbc.com/id/101838571#_gus

http://www.amazon.com/Gold-Bubble-Profiting-Impending-Collapse/dp/1118239350

this is why i have to start slapping my name on my memes.
full member
Activity: 211
Merit: 100
July 15, 2014, 04:32:38 PM
only bacteria grows this fast:


Developers who build bitcoin infrastructure are bacteria!
legendary
Activity: 1764
Merit: 1002
July 15, 2014, 04:21:08 PM
only bacteria grows this fast:

hero member
Activity: 622
Merit: 500
July 15, 2014, 04:14:27 PM
lol, such bankster failure.  look here:

http://www.coindesk.com/ing-future-bitcoin-protocol-include-central-bank-functions/

the mere fact, however, that they mention Nobel Prize and Bitcoin in the same sentence proves we're on to something and that they are worried.



Quote
In the video clip, ING economist Teunis Brosens theorizes that in order to function as efficiently as traditional currencies, a bitcoin algorithm needs to be developed that “smoothly matches money supply and demand”.

Quote
“Real currencies dampen these fluctuations by regulating money supply and prices through interest rates, but it is an explicit goal of bitcoin to do away with central authorities.”

The dollar has been relatively stable for over 10 years now.  Stability is generally followed by volatility and the dollar should be no exception despite fed policy.  The fed doesn't have a "tool" to "fix" loss of confidence.  The dollar should experience volatility over the next decade or so.  Whether it be massive inflation, massive deflation, or wild swings in both directions, it will have these guys eating crow.

hero member
Activity: 722
Merit: 500
July 15, 2014, 04:05:31 PM
Dunnno if this was posted earlier or not.. haven't time right now to read back a few pages...but:

http://rt.com/business/173008-brics-bank-currency-pool/

Everything priced in dollars ..
Jump to: