Gold collapsing. Bitcoin UP. - page 1293.

S3052

legendary

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Quote from: N12 on June 25, 2013, 03:37:39 PM

Quote from: S3052 on June 25, 2013, 03:33:40 PM

perhaps the thread should be renamed:
Gold collapsing, Bitcoin DOWN, Litecoin UP

You got it all wrong.

Gold collapsing, Bitcoin DOWN, US Dollar UP. Cheesy

this is for sure also a valid one

or:
China collapsing, Europe DOWN, soccer UP

N12

donator

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Quote from: S3052 on June 25, 2013, 03:33:40 PM

perhaps the thread should be renamed:
Gold collapsing, Bitcoin DOWN, Litecoin UP

You got it all wrong.

Gold collapsing, Bitcoin DOWN, US Dollar UP. Cheesy

S3052

legendary

Activity: 2100

Merit: 1000

Quote from: webcoinx on June 25, 2013, 03:35:33 PM

Quote from: S3052 on June 25, 2013, 03:33:40 PM

perhaps the thread should be renamed:
Gold collapsing, Bitcoin DOWN, Litecoin UP

can't help but notice:

Quote

>13years experience

doing what? Cheesy

writing in blue font :-)

webcoinx

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Quote from: S3052 on June 25, 2013, 03:33:40 PM

perhaps the thread should be renamed:
Gold collapsing, Bitcoin DOWN, Litecoin UP

can't help but notice:

Quote

>13years experience

doing what? Cheesy

S3052

legendary

Activity: 2100

Merit: 1000

perhaps the thread should be renamed:
Gold collapsing, Bitcoin DOWN, Litecoin UP

sidhujag

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Quote from: miscreanity on June 25, 2013, 02:23:01 PM

Quote from: cypherdoc on June 25, 2013, 02:20:13 AM

anyone listening to you has lost 33% on their gold bullion and a mind boggling 81% on their miners over that time period. Shocked

Bitcoin price is stagnant; dark pools are back in vogue. We are seeing a two-tier value structure emerge just as there exists with gold. Observe the former to understand the mature market of the latter.

What you see and latch onto in the paper markets is the wading pool, not the ocean. Unrealized profits and losses are transitory concerns when dealing with the real, underlying assets.

The pain of paper is simply too much for anyone without the fortitude and/or resources to simply sit tight and be right. I keep tabs, but have moved on from both Bitcoin and gold, because trading is not a lasting form of wealth: creating markets is.

creating a market or driving demand is the way to go you're right.

miscreanity

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Quote from: Melbustus on June 25, 2013, 12:12:23 AM

Quote from: miscreanity on June 24, 2013, 09:08:21 PM

...
And gold is effectively cash...

It's not, though.

Kings (institutional-scale entities) use gold as cash.

Crypto is a replacement, but isn't big enough yet.

miscreanity

legendary

Activity: 1316

Merit: 1005

Quote from: cypherdoc on June 25, 2013, 02:20:13 AM

anyone listening to you has lost 33% on their gold bullion and a mind boggling 81% on their miners over that time period. Shocked

Bitcoin price is stagnant; dark pools are back in vogue. We are seeing a two-tier value structure emerge just as there exists with gold. Observe the former to understand the mature market of the latter.

What you see and latch onto in the paper markets is the wading pool, not the ocean. Unrealized profits and losses are transitory concerns when dealing with the real, underlying assets.

The pain of paper is simply too much for anyone without the fortitude and/or resources to simply sit tight and be right. I keep tabs, but have moved on from both Bitcoin and gold, because trading is not a lasting form of wealth: creating markets is.

sidhujag

legendary

Activity: 2044

Merit: 1005

Quote from: Melbustus on June 25, 2013, 12:12:23 AM

Quote from: miscreanity on June 24, 2013, 09:08:21 PM

...
And gold is effectively cash...

It's not, though. And maybe that's the crux of your disagreement with cypher.

Gold *used to be* effectively cash. And in a world without crypto, maybe the point would be moot because it would *still* be the only thing resembling ideal money that had a limited supply. But this world now does have crypto, which actually *is* ideal money for the modern world; all of gold's good properties, minus the real Achilles-heel for modern times (tangibility).

So, now, gold is not "effectively cash". Far from it. That has huge long-term implications. But historical inertia does indeed take time to change, so I, for one, have no idea what happens to gold short/medium-term.

There is no supply and demand int he paper market, just demand from ppl like you and me and then supply from freaks like JPM/HSBC big banks that based on the lenght of their shit in the morning decide what to do even on days with news like FOMC. Whichever direction gives them the most SL's they will take. In the end the direction will prevail when there is a mistake and FED is backed up and have to eat their words. It will probably seem like a sell news event when really it will be a gold buy.

cypherdoc

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"The universality of the Handicap Principle in biology should be enough to make one suspect that a protocol which does not impose costs on its users invite abuse."

this is precisely why Ripple will fail and why Bitcoin will flourish.

http://themisescircle.org/blog/2013/06/24/the-proof-of-work-concept/

cypherdoc

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Quote from: miscreanity on June 24, 2013, 08:41:39 PM

Review my comment regarding backdrafts.

why should i? you've been wrong for so long, my eyeballs hurt.

you've been wrong on silver for over 2 yrs, wrong on gold coming up on 2 yrs (since i started Gold: I smell a Trap on 8/9/11.

anyone listening to you has lost 33% on their gold bullion and a mind boggling 81% on their miners over that time period. Shocked

you used to be their champion. where'd all those boys go?

edit: silver bullion is down 61%!

Melbustus

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Quote from: miscreanity on June 24, 2013, 09:08:21 PM

...
And gold is effectively cash...

It's not, though. And maybe that's the crux of your disagreement with cypher.

Gold *used to be* effectively cash. And in a world without crypto, maybe the point would be moot because it would *still* be the only thing resembling ideal money that had a limited supply. But this world now does have crypto, which actually *is* ideal money for the modern world; all of gold's good properties, minus the real Achilles-heel for modern times (tangibility).

So, now, gold is not "effectively cash". Far from it. That has huge long-term implications. But historical inertia does indeed take time to change, so I, for one, have no idea what happens to gold short/medium-term.

miscreanity

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Quote from: molecular on June 22, 2013, 06:33:26 AM

author argues gold and btc do not correllate (in fact negative 0.4 coeff), but BTC follows USDX with a 3 day lag (with a 0.89 correlation coefficient)

Paper gold and Bitcoin started separating early in the year. I still think it's likely that Bitcoin is a reasonable proxy for physical gold market valuation. Western outflow combined with similar magnitude eastern and central bank demand would create a similarly stagnant price period.

And gold is effectively cash...

miscreanity

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Quote from: BitcoinAshley on June 21, 2013, 08:44:38 PM

You will be vindicated eventually... you just might have to wait 2 years, 20 years, or 2 thousand years.

There have been several inflection points in the process of monetary mismanagement since the link between the dollar and gold began to separate, each progressively accelerating the overall rate of change. Increasing by a factor of ten in a decade seems to be a lot closer to 2 more years remaining than 20, much less 2,000.

If there were any realistic way to show the rate of systemic acceleration, it would be a different story. Sadly, there is no salvation for the existing system; there is only escape/transition.

miscreanity

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Quote from: cypherdoc on June 24, 2013, 11:23:57 AM

buying opportunity. surely:

Review my comment regarding backdrafts.

An explosive chemical reaction is typically preceded by a growth phase in which oxidation spreads through the fuel mass. Then the primed material ignites/reacts.

The financial world has been soaking up petrol for the past five years and now resembles napalm more than anything else.

Derivatives burn. Gold does not.

Good thing Bitcoin doesn't either