Author

Topic: Gold collapsing. Bitcoin UP. - page 1127. (Read 2032266 times)

legendary
Activity: 2324
Merit: 1125
June 10, 2014, 05:23:08 PM
One Hundred Million Giga Hash per Second! Holy mother of god!
legendary
Activity: 1764
Merit: 1002
June 10, 2014, 05:21:56 PM
Now this is what I call growth.  Even bacteria in a petri dish pales in comparison:

sr. member
Activity: 462
Merit: 250
June 10, 2014, 03:36:07 PM
Don't underestimate the significance of that for sale gold mine that came up the other day. That should serve as a big sale signal for many years to come.

Just for review for those who haven't read it yet. This is a great paper that everyone needs to understand:

http://m.minneapolisfed.org/article.cfm?id=719&TC=1

RE: gold mine, something smells in that one.  If you could "make your money back in 2-3 seasons" and the guy has been mining for what was it 20+ years then he should have plenty of cash lying around to buy bitcoin.



Or he knows gold not perform very good in next months, anyway 1 million for a goldmine seems to be pretty cheap, idk.
legendary
Activity: 2324
Merit: 1125
June 10, 2014, 03:21:15 PM
Bitcoin is one of the first projects in a long time that is rewarding those who question the system, instead of those who blindly follow and support the system.
QFT

Very well said!

A great regression to the mean of society is incoming!
legendary
Activity: 1246
Merit: 1010
June 10, 2014, 08:46:00 AM
Don't underestimate the significance of that for sale gold mine that came up the other day. That should serve as a big sale signal for many years to come.

Just for review for those who haven't read it yet. This is a great paper that everyone needs to understand:

http://m.minneapolisfed.org/article.cfm?id=719&TC=1

RE: gold mine, something smells in that one.  If you could "make your money back in 2-3 seasons" and the guy has been mining for what was it 20+ years then he should have plenty of cash lying around to buy bitcoin.

hero member
Activity: 731
Merit: 503
Libertas a calumnia
June 10, 2014, 01:32:19 AM
Bitcoin is one of the first projects in a long time that is rewarding those who question the system, instead of those who blindly follow and support the system.
QFT

Very well said!
full member
Activity: 233
Merit: 101
June 09, 2014, 09:20:00 PM
“I am holding the bitcoin. Because having a very big confidence the price of bitcoin is not the rates of today USD 650, should be higher than this price very soon.”

http://www.coindesk.com/malaysian-online-retailer-accepts-bitcoin-wont-convert-fiat-currency/

iPMart along with OSTK holding back 10% of their BTC payments indicates a new trend which will help create a closed loop effect in the Bitcoin economy.  their timing is impeccable and is helping to establish a long term bottom.

Very good. In every way.
legendary
Activity: 1153
Merit: 1000
June 09, 2014, 12:55:31 PM
You do know that your taxes pay for their ability to do that manipulation?
The bullion banks own the Federal Reserve, which has as its charter the manipulation of the value of money.
The fed has socialized it debt burden as a part of the TARP deal, so taxpayers are liable for the loss if it goes against them, but they get the gains if its a win.

So call it good trading, or manipulation or whatever moniker you like, the facts are that the trade is backed by the taxability of the US citizenry, which is backed by the ability to imprison any who don't pay whatever tax they decide to levy.

And all of this is hidden in plain sight. Throughout history this has been the best hiding place.

Just make something a "generally accepted truth" and 99% of the people will assume it is fact and never investigate further.

To me what is shocking about this is any simple study of history shows that what constitutes as "generally accepted truth" changes over time, and often within just a generation or two. Knowing this the amount of complacency and acceptance among most people is something I will never understand.

Bitcoin is one of the first projects in a long time that is rewarding those who question the system, instead of those who blindly follow and support the system.

legendary
Activity: 1764
Merit: 1002
June 09, 2014, 11:07:36 AM
“I am holding the bitcoin. Because having a very big confidence the price of bitcoin is not the rates of today USD 650, should be higher than this price very soon.”

http://www.coindesk.com/malaysian-online-retailer-accepts-bitcoin-wont-convert-fiat-currency/

iPMart along with OSTK holding back 10% of their BTC payments indicates a new trend which will help create a closed loop effect in the Bitcoin economy.  their timing is impeccable and is helping to establish a long term bottom.
legendary
Activity: 1764
Merit: 1002
June 09, 2014, 10:43:03 AM
...
Just for review for those who haven't read it yet. This is a great paper that everyone needs to understand:

http://m.minneapolisfed.org/article.cfm?id=719&TC=1


And for completeness, the "Bitcoin is Memory" paper, which I'm sure you've read:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2275730






thanks for that.  how could i have forgotten?
legendary
Activity: 1722
Merit: 1004
June 08, 2014, 09:50:46 PM
...
Just for review for those who haven't read it yet. This is a great paper that everyone needs to understand:

http://m.minneapolisfed.org/article.cfm?id=719&TC=1


And for completeness, the "Bitcoin is Memory" paper, which I'm sure you've read:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2275730




legendary
Activity: 1764
Merit: 1002
June 08, 2014, 06:06:38 PM
Don't underestimate the significance of that for sale gold mine that came up the other day. That should serve as a big sale signal for many years to come.

Just for review for those who haven't read it yet. This is a great paper that everyone needs to understand:

http://m.minneapolisfed.org/article.cfm?id=719&TC=1
sr. member
Activity: 462
Merit: 250
June 08, 2014, 05:24:13 PM
Gold just topped out his bubble two years ago and the only thing it has been doing is entering a loong bear market.. the same with silver. so boring
hero member
Activity: 490
Merit: 500
June 08, 2014, 04:48:53 PM
Gold collapsing? I don't follow the metal prices. Link?


ya i agree gold is due for a Major correction.

Gold Line keeps calling me telling me its not a bubble ...

Oh my... far too slow. I'll stay in crypto thank you very much.  Grin

At least I'll know where to put some of my crypto wealth in a few years (or maybe a decade) for the long long.

Yes indeed, gold seems like an extremely boring thing to own  Grin
I know it's said volatility is bad for btc etc etc, but it sure makes it interesting!
hero member
Activity: 644
Merit: 500
June 08, 2014, 01:58:26 PM
Gold collapsing? I don't follow the metal prices. Link?


ya i agree gold is due for a Major correction.

Gold Line keeps calling me telling me its not a bubble ...

Oh my... far too slow. I'll stay in crypto thank you very much.  Grin

At least I'll know where to put some of my crypto wealth in a few years (or maybe a decade) for the long long.
legendary
Activity: 2324
Merit: 1125
June 08, 2014, 09:17:28 AM
"obvious peak is obvious."

Nothing in the current markets is obvious unless you work for Goldman Sachs (of shit) or the Fed. Silver could obviously be driven lower but not for any logical reasons involving supply and demand. If the new iphone outsells android phones then it wouldn't be obvious to state that apple shares should drop 20%.

idk

i'm relatively sure PM was in a bubble. I don't buy that "they" are totally warping the "paper price", banks shorted the PM bubble thats not manipulation thats just good trading...


You do know that your taxes pay for their ability to do that manipulation?
The bullion banks own the Federal Reserve, which has as its charter the manipulation of the value of money.
The fed has socialized it debt burden as a part of the TARP deal, so taxpayers are liable for the loss if it goes against them, but they get the gains if its a win.

So call it good trading, or manipulation or whatever moniker you like, the facts are that the trade is backed by the taxability of the US citizenry, which is backed by the ability to imprison any who don't pay whatever tax they decide to levy.

And all of this is hidden in plain sight. Throughout history this has been the best hiding place.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
June 08, 2014, 09:08:22 AM
"obvious peak is obvious."

Nothing in the current markets is obvious unless you work for Goldman Sachs (of shit) or the Fed. Silver could obviously be driven lower but not for any logical reasons involving supply and demand. If the new iphone outsells android phones then it wouldn't be obvious to state that apple shares should drop 20%.

idk

i'm relatively sure PM was in a bubble. I don't buy that "they" are totally warping the "paper price", banks shorted the PM bubble thats not manipulation thats just good trading...


You do know that your taxes pay for their ability to do that manipulation?
The bullion banks own the Federal Reserve, which has as its charter the manipulation of the value of money.
The fed has socialized it debt burden as a part of the TARP deal, so taxpayers are liable for the loss if it goes against them, but they get the gains if its a win.

So call it good trading, or manipulation or whatever moniker you like, the facts are that the trade is backed by the taxability of the US citizenry, which is backed by the ability to imprison any who don't pay whatever tax they decide to levy.
sr. member
Activity: 371
Merit: 250
June 08, 2014, 06:38:54 AM
"obvious peak is obvious."

Nothing in the current markets is obvious unless you work for Goldman Sachs (of shit) or the Fed. Silver could obviously be driven lower but not for any logical reasons involving supply and demand. If the new iphone outsells android phones then it wouldn't be obvious to state that apple shares should drop 20%.

idk

i'm relatively sure PM was in a bubble. I don't buy that "they" are totally warping the "paper price", banks shorted the PM bubble thats not manipulation thats just good trading...


I don't know either. I don't work in that side of finance. But it seems to me that current and recent silver demand is more than mine supply and silver's industrial application is still strong. If more people buy BTC than sell then the price goes up but who knows for how long until the big players get involved and start bending the BTC market. Did you read about the recent "mini puke" of the gold fix at Barclays? Supposedly of course a one-off event but if so why does it have a commonly known name? Also why are gold and silver the only commodities (i know of) to have a daily fix? All interesting stuff.
legendary
Activity: 1522
Merit: 1000
www.bitkong.com
June 07, 2014, 10:11:36 PM
It could easily flip to be perfectly honest. I would bet that it will in the near future.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
June 07, 2014, 09:31:35 PM
"obvious peak is obvious."

Nothing in the current markets is obvious unless you work for Goldman Sachs (of shit) or the Fed. Silver could obviously be driven lower but not for any logical reasons involving supply and demand. If the new iphone outsells android phones then it wouldn't be obvious to state that apple shares should drop 20%.

idk

i'm relatively sure PM was in a bubble. I don't buy that "they" are totally warping the "paper price", banks shorted the PM bubble thats not manipulation thats just good trading...
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