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Topic: Gold collapsing. Bitcoin UP. - page 1131. (Read 2032266 times)

hero member
Activity: 614
Merit: 500
June 05, 2014, 11:21:09 AM
don't forget bail-ins.

and then pension raids.

those will be coming too.  all in the name of propping up debt based speculative investments.

Just the thought of this makes me so bullish on bitcoin that I can't see straight. The eBay/paypal news is nothing compared to what the Europeans are about to pull  Grin
legendary
Activity: 1764
Merit: 1002
June 05, 2014, 10:24:31 AM
don't forget bail-ins.

and then pension raids.

those will be coming too.  all in the name of propping up debt based speculative investments.
legendary
Activity: 1764
Merit: 1002
June 05, 2014, 09:02:00 AM
Here we go:

http://mobile.bloomberg.com/news/2014-06-05/draghi-takes-ecb-deposit-rate-negative-in-historic-move.html

I covered my gold and silver shorts yesterday but will be looking to put them back on after this dead cat bounce.

From the article you can see they hate strengthening currencies. They will also start QE soon.
donator
Activity: 2772
Merit: 1019
June 04, 2014, 01:13:40 AM
Why Bitcoin Is Wonderful (In Two Minutes) - Mike Maloney (gold bull)
https://www.youtube.com/watch?v=XZ4bVgzxp2g

He didn't say that exactly. He said the free market developing alternatives to state-run money is wonderful, not Bitcoin itself.

Still: look how far we've come. Metal blockheads like Maloney speaks positively about Bitcoin. Completely unthinkable just a year ago. I remember how excited I was when James Turk came around and I'm glad Bitcoin is now well-talked about in the precious metal / sound money community.
legendary
Activity: 1904
Merit: 1002
June 03, 2014, 10:21:55 PM
Quote from a Coindesk article: "Argentina’s Central Bank Issues Warning to Burgeoning Bitcoin Ecosystem"

http://www.coindesk.com/argentine-central-bank-issues-warning-burgeoning-bitcoin-ecosystem/
 
"The bank, headed by Juan Carlos Fabrega, reiterated that “virtual coins” are not issued by the central bank or any other international monetary authority and, therefore, are not legal tender."

Would that imply that gold and silver aren't legal tender either?

Yes, but legal tender may not mean what you think it means.  It only matters for abolishing a debt.  See http://en.wikipedia.org/wiki/Legal_tender
sr. member
Activity: 371
Merit: 250
June 03, 2014, 08:47:05 PM
Quote from a Coindesk article: "Argentina’s Central Bank Issues Warning to Burgeoning Bitcoin Ecosystem"

http://www.coindesk.com/argentine-central-bank-issues-warning-burgeoning-bitcoin-ecosystem/
 
"The bank, headed by Juan Carlos Fabrega, reiterated that “virtual coins” are not issued by the central bank or any other international monetary authority and, therefore, are not legal tender."

Would that imply that gold and silver aren't legal tender either?
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
June 03, 2014, 06:57:10 PM
Bitcoin is not money, and not accepted
I have purchased more things with bitcoin than I have with gold.

I don't know a single place that would accept gold as payment.

There are more places that accept Bitcoin then there places that accept gold or silver as payment.

Same here as I've purchased more things with Bitcoin than with either metal.
legendary
Activity: 961
Merit: 1000
June 03, 2014, 06:41:18 PM
Bitcoin is not money, and not accepted
I have purchased more things with bitcoin than I have with gold.

I don't know a single place that would accept gold as payment.

Gold accept, black and white and yellow people, bitcoin nobody.
wat?

He may be trolling, but its always good to interpret the trollisms...

Yes, igorr, is correct in his argument. Gold is universal and accepted by everybody.

Bitcoin is not, yet. It is however spreading and the longer it goes without being cracked, the stronger it becomes (both network / protocol and as money).

Without getting into the economic debates of gold v bitcoin, we may just be able to have an 'Igorr' type indicator: each year or month, how much closer is bitcoin to mainstream acceptance?






legendary
Activity: 1764
Merit: 1002
June 03, 2014, 06:03:35 PM
more data on my hypothesis that The Blockchain may only ever be applicable to Bitcoin As Money:

http://www.forbes.com/sites/kashmirhill/2014/06/03/mastercoin-maidsafe-crowdsale/
legendary
Activity: 1764
Merit: 1002
June 03, 2014, 04:18:09 PM
Bitcoin is nothing

then why do you spend so much time here trolling?

unless your time is worth nothing.
member
Activity: 62
Merit: 10
June 03, 2014, 03:55:42 PM
Bitcoin is nothing

Nope just checked still 670, dam was going to get some more.
sr. member
Activity: 406
Merit: 250
June 03, 2014, 02:27:48 PM
Bitcoin is nothing
sr. member
Activity: 952
Merit: 281
June 03, 2014, 02:25:29 PM
Bitcoin is not money, and not accepted
I have purchased more things with bitcoin than I have with gold.

I don't know a single place that would accept gold as payment.

Gold accept, black and white and yellow people, bitcoin nobody.
wat?
sr. member
Activity: 406
Merit: 250
June 03, 2014, 02:24:18 PM
Bitcoin is not money, and not accepted
I have purchased more things with bitcoin than I have with gold.

I don't know a single place that would accept gold as payment.

Gold accept, black and white and yellow people, bitcoin nobody.
sr. member
Activity: 952
Merit: 281
June 03, 2014, 02:21:13 PM
Bitcoin is not money, and not accepted
I have purchased more things with bitcoin than I have with gold.

I don't know a single place that would accept gold as payment.
sr. member
Activity: 406
Merit: 250
June 03, 2014, 01:44:27 PM
Bitcoin is not money, and not accepted
legendary
Activity: 1372
Merit: 1000
June 03, 2014, 01:20:59 PM
Why Bitcoin Is Wonderful (In Two Minutes) - Mike Maloney (gold bull)
https://www.youtube.com/watch?v=XZ4bVgzxp2g
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
June 03, 2014, 08:32:43 AM
...But the fact that we are on CNBC and Bloomberg at all is still a little amazing to me.  Grin


Indeed. I think back to 2011 when it was really sort of a ridiculous contrast understanding what bitcoin could become, and seeing the present state of things. Having bitcoin discussed in *any* mainstream outlet, much less major financial news networks, just seemed so far off...

Its been one of my bellweather markers on the way to mainstream.
When bloomberg (or cnbc) put bitcoin exchange prices on their TV ticker.
There is increasing talk on these news, so often dismissal outright, and occasional visionary optimist. (Hi @mattmiller1973, Bloomberg is lucky to have you.) At least they are talking.

One can only be dismissive for so long until it becomes evident that it just isn't going away.
legendary
Activity: 1764
Merit: 1002
June 03, 2014, 12:20:18 AM
Push!
legendary
Activity: 1722
Merit: 1004
June 02, 2014, 11:51:29 PM
...But the fact that we are on CNBC and Bloomberg at all is still a little amazing to me.  Grin


Indeed. I think back to 2011 when it was really sort of a ridiculous contrast understanding what bitcoin could become, and seeing the present state of things. Having bitcoin discussed in *any* mainstream outlet, much less major financial news networks, just seemed so far off...
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