Topic: Gold collapsing. Bitcoin UP. - page 1174. (Read 2032266 times)
title of the thread is fun today.
Breaking $1300 
A welcomed reversal indeed. 
LOL, having shorted Bitcoin at $10 to buy gold at $1900 the reversal is a long way away.
So far in fact I've lost all hope in gold ever living up to any meaningful return.
I just keep it around as insurance for if we go back to the dark ages, and so my kids can melt it to make wedding rings for there friends.
Patience, guy. The worst is over and it's only up from here. Hopefully u didnt overextend urself and need to sell any now. But besides gold, silver is the smart play, it is gonna fly past it's ATH in no time.
Breaking $1300
A welcomed reversal indeed. LOL, having shorted Bitcoin at $10 to buy gold at $1900 the reversal is a long way away.
So far in fact I've lost all hope in gold ever living up to any meaningful return.
I just keep it around as insurance for if we go back to the dark ages, and so my kids can melt it to make wedding rings for there friends.
Breaking $1300
A welcomed reversal indeed. 
Breaking $1300
so, gold up $200 in 2 months and bitcoin collapsing?
Roles have changed Well, we never now where BTC is in 2 months.. 
so, gold up $200 in 2 months and bitcoin collapsing?
That was Bitcoin @ $2, the it works until a bigger fish eats you for a snack when you short.
It still sort of works if you have the balls to do it.
The bitstamp panic of last night is a great example. It's also much more stable and far less likely to go to zero. That's the tradeoff.
Bitcoin is at best a wild gamble, and at worst a pyramid scheme. But yeah, you can make mad loot (temporarily) with btc's volatility.
Bitcoin is at best a wild gamble, and at worst a pyramid scheme. But yeah, you can make mad loot (temporarily) with btc's volatility.
Trading bitcoin is the easiest thing in the world, nothing like gambling. Especially now with many of the swings being based on breaking news. You just need to short/go long before the masses got informed.
It's also much more stable and far less likely to go to zero. That's the tradeoff.
Bitcoin is at best a wild gamble, and at worst a pyramid scheme. But yeah, you can make mad loot (temporarily) with btc's volatility.
Bitcoin is at best a wild gamble, and at worst a pyramid scheme. But yeah, you can make mad loot (temporarily) with btc's volatility.
Trading bitcoin is the easiest thing in the world, nothing like gambling. Especially now with many of the swings being based on breaking news. You just need to short/go long before the masses got informed.
Choo-choo mofos, gold train leavin' the station !
Gold is boring... you can beat its YTD gains in a single BTC bounce.
It's also much more stable and far less likely to go to zero. That's the tradeoff.
Bitcoin is at best a wild gamble, and at worst a pyramid scheme. But yeah, you can make mad loot (temporarily) with btc's volatility.
you forget the no counter-party risk aspect
smh
Choo-choo mofos, gold train leavin' the station !
Gold is boring... you can beat its YTD gains in a single BTC bounce.
It's also much more stable and far less likely to go to zero. That's the tradeoff.
Bitcoin is at best a wild gamble, and at worst a pyramid scheme. But yeah, you can make mad loot (temporarily) with btc's volatility.
Choo-choo mofos, gold train leavin' the station !
Gold is boring... you can beat its YTD gains in a single BTC bounce.
Choo-choo mofos, gold train leavin' the station !
http://www.bloomberg.com/video/is-it-time-to-buy-gold-YTo4YNI9Ssusk3VsJh~UFw.html
Ed Moy on gold and Bitcon. Nothing new but interesting, especially given who it is coming from.
Ed Moy on gold and Bitcon. Nothing new but interesting, especially given who it is coming from.
Sinclair has shown he views gold as the means by which fiat transitions to crypto. Whether both Bitcoin and gold will perform synchronously is still a point of debate.
Just dont short crypto with leverage 
yeah, cause we know what that leads to (looks at Q4 2011)
Just dont short crypto with leverage
Just keep at least BTC1 in secure storage at all times, and you'll be very fine.
BTC was at 1oz-Au parity not very long ago. I wonder if it will get down to half that? Seems like it is in striking distance now. Anyone have any guesses?
The nice thing about diversity is that it's less likely for one to get sawed in half. I'll admit that I didn't pick up any PM's when I was talking about it a few months ago, but I did diversify into some more property. Paid a little more than I should have, but I wanted it so I just went ahead and made it happen.
I did pick up some and locked a lot of it in just under parity. I also used a fair amount of LTC to get silver when it was twice parity.
Crypto might head low enough where I need to start buying back in.
Looks like we touched $619 on Bitstamp, so that's well below half of 1oz parity. I don't subscribe to cypherdoc's newletter so I don't know if he warned about the possibility of having one's Bitcoin wealth cut in half relative to PMs or not.
At this point I cannot see it very likely that I would want to buy back in. I had resolved to execute my sales plan as long as we were above $500. Most of the 2014 sales were in the $800 range, so if we stay above $200-ish I'll probably continue to be a seller. Though it will be as I need fiat since I got enough already for the projects I have planned...and pay my taxes to boot. I think it quite possible that we see at least one more big run-up as well so I'll hope that my mid-term sales will catch it if it happens.
I gotta say, it is hard NOT to make money in this crypto thing if a guy has a plan and does not get to greedy. PMs as well for that matter.
BTC was at 1oz-Au parity not very long ago. I wonder if it will get down to half that? Seems like it is in striking distance now. Anyone have any guesses?
The nice thing about diversity is that it's less likely for one to get sawed in half. I'll admit that I didn't pick up any PM's when I was talking about it a few months ago, but I did diversify into some more property. Paid a little more than I should have, but I wanted it so I just went ahead and made it happen.
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