Topic: Gold collapsing. Bitcoin UP. - page 1344. (Read 2032266 times)
That yellow, shiny, bitcoin wannabe. For inflation hedge, you cannot trust that compact little bugger. Its to volatile. It must be those gigantic, cheap, new excavators.
Western Union turning down again. I'm short:
the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin: +454%
Gold: -7%
silverbox in big trouble:
GPL: -33% silverbox long
Diff: +461% advantage Bitcoin and growing
Bitcoin: +454%
Gold: -7%
silverbox in big trouble:
GPL: -33% silverbox long
Diff: +461% advantage Bitcoin and growing
Gold collapsing; Bitcoin UP.
Gold is heading for a large correction. A death cross just happened today with the 50- and 200-day moving averages. Expect around another 10% drop from here.
actually that death cross happened on 2/15.
edit: on the EMA's
Gold is heading for a large correction. A death cross just happened today with the 50- and 200-day moving averages. Expect around another 10% drop from here.
the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin: +449%
Gold: -8%
silverbox in big trouble:
GPL: -33% silverbox long
Diff: +457% advantage Bitcoin and growing
Bitcoin: +449%
Gold: -8%
silverbox in big trouble:
GPL: -33% silverbox long
Diff: +457% advantage Bitcoin and growing
iz it tim yet?
Tim to BUY!
If it weren't for Bitcoin and increasing counter-party risk in traditional equities, I'd be buying again.
excuzes, excuzes.
iz it tim yet?
Tim to BUY!
If it weren't for Bitcoin and increasing counter-party risk in traditional equities, I'd be buying again.
iz it tim yet?
the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
...
Diff: +455% advantage Bitcoin and growing
...
Diff: +455% advantage Bitcoin and growing
So, anyone here sold gold for BTC in the 1st quarter 2012? (or before)?
the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
...
Diff: +455% advantage Bitcoin and growing
...
Diff: +455% advantage Bitcoin and growing
So, anyone here sold gold for BTC in the 1st quarter 2012? (or before)?
the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin: +448%
Gold: -7%
silverbox in big trouble:
GPL: -32% silverbox long
Diff: +455% advantage Bitcoin and growing
Bitcoin: +448%
Gold: -7%
silverbox in big trouble:
GPL: -32% silverbox long
Diff: +455% advantage Bitcoin and growing
Gold down : Bitcoin up.
...
If/when we get to $60/BTC I will consider it a success.
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If/when we get to $60/BTC I will consider it a success.
...
How did you get to $60 as a success case? ...
Sorry to be vague. That was just where I personally am at around 1000% ahead. Nothing deeper than that.
Higher numbers seem plausible to me because the actual value on a per-BTC basis have nothing to do with the usefulness of the currency as an exchange vehicle, but the supply is such that the amount needed for liquidity could impact demand significantly. Of course people will also hoard for a time if values go on a run which could produce a very high spike.
It's also entirely possible that attack, system failure, or competition could quash the value at any time. Attempting to capitialize on what ever fortune may be in our collective futures promises to be interesting and challenging.
...
If/when we get to $60/BTC I will consider it a success.
...
If/when we get to $60/BTC I will consider it a success.
...
How did you get to $60 as a success case? Personally, I don't think the price is stable medium/long term anywhere between $10 and $500. Guess that makes me one of the "all-or-nothing" theorists around here.
I suppose the only case that could put bitcoin in the middle of that range, in my opinion, is if there are a number of cryptocurrencies all with their own unique benefits, but also some amount of utility overlap. Could happen, but I think it more likely bitcoin with either incorporate anything new/better itself, or be completely superseded.
I think these are interesting considerations but since bitcoin has fixed supply then can't be contemplated in isolation to the total Money supply bitcoin represents. E.g. bitcoin total supply is around $300 million now, so any billionaire thinking of jumping in has to keep that in mind but a little guy with 1-10 million can probably move in without making too many waves or getting shafted ... at $60 bitcoin ... ~ 6-700 million total bitcoin MB then i think is when we have to watch out for govt. moves. They let e-Gold go until it hit aroun $800million to $1 billion in total assets, for bitcoin that would be at around $90-$100 per bitcoin valuations.
Further out there, if bitcoin were to become Paypal competitor we are looking at $20-$30 billion total assets, so around $3,000 per bitcoin valuations.
...
If/when we get to $60/BTC I will consider it a success.
...
If/when we get to $60/BTC I will consider it a success.
...
How did you get to $60 as a success case? Personally, I don't think the price is stable medium/long term anywhere between $10 and $500. Guess that makes me one of the "all-or-nothing" theorists around here.
I suppose the only case that could put bitcoin in the middle of that range, in my opinion, is if there are a number of cryptocurrencies all with their own unique benefits, but also some amount of utility overlap. Could happen, but I think it more likely bitcoin with either incorporate anything new/better itself, or be completely superseded.
The Bitcoin:Silver Slingshot Effect:
I've posted this a couple other places today. Might as well put it here too:
(From my Using Memes to Explain Bitcoin)
Bitcoins are a couple pixels larger now than when I first published this, but you get the idea.
(From my Using Memes to Explain Bitcoin)
Bitcoins are a couple pixels larger now than when I first published this, but you get the idea.
(click for larger version)
data from bitcoincharts.com and netdania.com. I think I got the scales correct.
Nice! pretty amazing, huh?
Not really. We are about half way to what I would consider the floor level of 'success' in my speculative investment in Bitcoin. If/when we get to $60/BTC I will consider it a success. This is what I want to see in order to balance the risks I've taken in participating as a speculator.
Now I of course hope to see a jackpot. I would define that as parity with 1 oz of gold. I do not even rule out the possibility of parity with gold on the 1 kg basis, but I am not expecting any of these as 'likely' events. Only possible.
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