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Topic: Gold collapsing. Bitcoin UP. - page 1197. (Read 2032266 times)

legendary
Activity: 4760
Merit: 1283
December 19, 2013, 10:47:32 PM
stop being delusional.

It's called patience. There are possible unintended consequences from remaining in the system (trading), along the lines of paper trails and retroactive taxation. Bitcoin can easily leave trails as well.

Like I've said: I'd rather be a year early with a modest sum than a moment late and potentially left with nothing.

If I didn't have a fair degree of patience, I would have never made a dime on Bitcoin.  Also some confidence in my analysis of things.

If all I had to my name were Bitcoin I'd hardly sleep at night.

As for gold, I've been in it pretty heavy since the early 2000's.  Not long after it started on it's ascent.  This means that I'm way ahead in spite of the slump, and also that I've had to sit through other slumps which have all been about the same in terms of people losing confidence/patience and bailing out.  I never once considered selling any of my hoard on any of those slumps, and nothing has changed on this one.  Just the opposite in fact.

legendary
Activity: 1316
Merit: 1005
December 19, 2013, 07:00:42 PM
stop being delusional.

It's called patience. There are possible unintended consequences from remaining in the system (trading), along the lines of paper trails and retroactive taxation. Bitcoin can easily leave trails as well.

Like I've said: I'd rather be a year early with a modest sum than a moment late and potentially left with nothing.
legendary
Activity: 1764
Merit: 1002
December 19, 2013, 11:39:10 AM
Financial Risk Analytics is much better than Hindsight Capital:

http://www.youtube.com/watch?feature=player_detailpage&v=FwMImAZZkW8#t=266
legendary
Activity: 1764
Merit: 1002
December 19, 2013, 11:33:04 AM
Now that that is settled, we can go back to talking about how gold is down vs bitcoins today?

Further down... just for a bit.

stop being delusional.  you've been instrumental in losing so many ppl so much money.

miscreanity, iz it tim yut?:



legendary
Activity: 1316
Merit: 1005
December 19, 2013, 11:18:15 AM
Now that that is settled, we can go back to talking about how gold is down vs bitcoins today?

Further down... just for a bit.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
December 19, 2013, 10:46:09 AM
Gold is made in stars....

Aha, so the Gold God lives in the heavens! Therefore, God is up.

Now that that is settled, we can go back to talking about how gold is down vs bitcoins today?
legendary
Activity: 1764
Merit: 1002
December 19, 2013, 10:41:08 AM

Depends on which god you worship. I imagine the Gold God would always be down in the earth making more gold?

Bitcoin is God? or is it Satoshi?  Grin
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
December 19, 2013, 10:34:31 AM

Depends on which god you worship. I imagine the Gold God would always be down in the earth making more gold?
legendary
Activity: 1764
Merit: 1002
legendary
Activity: 2324
Merit: 1125
legendary
Activity: 1764
Merit: 1002
December 19, 2013, 10:08:24 AM
Bitcoin collapsing. God UP.

No,  you're wrong.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
legendary
Activity: 1722
Merit: 1004
December 19, 2013, 01:14:38 AM

Quote from: Paul Krugman
Bitcoin illiterate musings

I think Bitcoin is being driven by the fact that it sounds impressive and people think there must be something there.



lol. I think Paul Krugman is being driven by the fact that he sounds impressive and people think there must be something there...
legendary
Activity: 1400
Merit: 1013
December 18, 2013, 09:42:24 PM
legendary
Activity: 1512
Merit: 1005
December 18, 2013, 09:03:28 PM
Here's a wild conspiracy theory , if true it could be first instance of bitcoin being used in geopolitical diplomacy:

Joe Biden was recently on a 'trip' to China, soon after arriving back two major things took place

1) the chinese bluster and rhetoric over the Senkaku Islands no-fly zone stopped and the situation defused quite a bit

2) china announced official crackdown on bitcoin trading and shutting off fiat flows into BTC exchanges

Could it be that the Chinese got their way in claiming territorial rights over the Islands and in exchange gave the US paper cartel a bitcoin crackdown?

Maybe event he whole chinese ramp job on bitcoin since May, baidu, etc was designed to extract concessions from the US in the same way the Senkaku bluster was ... ? Just some wild musings. There is no surer way of getting US geopolitical attention that proposing alternate currency systems ... witness Iranian oil exchange, Gadhaffi's pan-African gold currency plan, Saddam Iraq oil-gold, the list is long and bloody

i highly doubt anyone high up in the us govt thinks btc is anything but a ponzi or a bubble.

Hanlons razor might be a hurdle, but they certainly have the resources, the people, the connections and the low morale to do it.

Another question is, would not the effect only be short lived? Maybe they only plan with a weekly horizon.

We will know later I guess, the main problem with these things is that you need the information real time, not 50 years later.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
December 18, 2013, 04:17:10 PM
Here's a wild conspiracy theory , if true it could be first instance of bitcoin being used in geopolitical diplomacy:

Joe Biden was recently on a 'trip' to China, soon after arriving back two major things took place

1) the chinese bluster and rhetoric over the Senkaku Islands no-fly zone stopped and the situation defused quite a bit

2) china announced official crackdown on bitcoin trading and shutting off fiat flows into BTC exchanges

Could it be that the Chinese got their way in claiming territorial rights over the Islands and in exchange gave the US paper cartel a bitcoin crackdown?

Maybe even the whole chinese ramp job on bitcoin since May, baidu, etc was designed to extract concessions from the US in the same way the Senkaku bluster was ... ? Just some wild musings. There is no surer way of getting US geopolitical attention that proposing alternate currency systems ... witness Iranian non-USD oil exchange, Gadhaffi's pan-African gold currency plan, Saddam Iraq oil-gold, the list is long and bloody
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
December 18, 2013, 04:09:31 PM

A lot if people are now trying to buy however i wonder if we are back to 800 before their money hits.

I remember just a couple months ago when the silk road siezure news hit the price dropped, I tried to get some money in to buy bitcoins and by the time my money got to the exchange the price was already above where it was before the news.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
December 18, 2013, 04:03:38 PM
Alot of people were asking me about btc when it was over 1000 if now was a good time to buy. I said if you hold for the ling term you will do fine but hope it corrects to $500 or so then buy.

A lot if people are now trying to buy however i wonder if we are back to 800 before their money hits.

I agree ... it seemed to me there was a quite a bit of smart money lining up along the sidelines waiting for this dip. The volume on bitstamp right at the low bears that out somewhat.

Still think we are on target for >~1000 circa march-april 2014
donator
Activity: 2772
Merit: 1019
December 18, 2013, 03:29:26 PM
Very good call. I thought it might get down this low but never this fast. BTC be crazy!
I don't think declines can be slow and gradual like they were in April-November 2011 any more. Too much has changed about the ecosystem since then.
It would've been gradual if not for the number 1 exchange in the world basically closing down.  Then again seems like just another regular day in the bitcoin world.   Smiley

In that case I'm quite glad it closed down. No time in Bitcoin history did I hate more than the fall of 2011. No need to repeat, better get it over with quickly.
 
legendary
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
December 18, 2013, 02:02:54 PM
Very good call. I thought it might get down this low but never this fast. BTC be crazy!
I don't think declines can be slow and gradual like they were in April-November 2011 any more. Too much has changed about the ecosystem since then.
It would've been gradual if not for the number 1 exchange in the world basically closing down.  Then again seems like just another regular day in the bitcoin world.   Smiley
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