Topic: Gold collapsing. Bitcoin UP. - page 1362. (Read 2032266 times)

Yes you got it, it were those in those lines I was talking. You are really an unpolite b****d when you wan't to.

Oh yeah? So if money is the least of our worries what is more important?

Food? Fuel? Water? Shelter?

Oh right they all require money to purchase those items.

Obviously you have NO CLUE what you are talking about.

The Dollar wont go away silently. Money are the least of your worries.

can you specify what you mean in more detail? thanks



what are the risks and opportunities you see for both, BTC and PM's in the next 2-4 years?

Ya, sorta.  As I've said before, I don't have much use for combining Bitcoin and PM's as Casascius does other than for one-off conversation pieces.  But I do highly appreciate and respect his efforts.

I might have mentioned that my prediction, should it come to light, will give the concept of 'counter-party risk' a significant impulse which will implant it into the consciousness of many market participants.  This will likely have every bit as much effect on Bitcoin as it would on PM's, and with luck will catapult the valuations of BTC into the orbit that the solution deserves.  That is, OMHO, in the $1000's/BTC range.

Of course in order to 'pay off',  Bitcoin needs to survive and adapt to attacks not yet seen.  I've balanced my holdings of BTC and PMs to the ratio which I am comfortable with given my interpretation of the various risks of each vehicle.  And, of course, the potential reward as well.

interesting.  i could see that.

don't get me wrong.  long term, as in very long term (5-10 years), i think the USD is toast.  it's just a matter of what happens in the next cycle.

You mean physical like this?

For the record, here's a prediction.

I predict that at some point there will be a quite massive tank in the price of gold/silver.  This will be the point when it is known (to some) there there will be something like a comex default and a generalized massive failure to deliver physical with much turmoil in which to exit the industry (in default.)  Should this happen it will be my signal that the next phase has begun, and in the next phase physical will be king.

While the volatility and patterns/timings of the ups and downs have been extra-ordinary of late, I don't think that this is the signal I'm looking for.  I'd be more impressed to see a massive drop down to the $1200/Au-oz range to throw a number out.

As far as I know, I'm the only person who's made such a prediction.  None of the perma-bulls that frequent KWN, Zerohedge, Sinclair, etc have stated such a thing that I recall.  OTOH, most of these folks are a lot more familiar with the mechanics of markets and what-not so I'll have to give them the deference they deserve.

you had a talk with Trace?

there's that word "collapse" again:  http://www.reddit.com/tb/15rvd7

Gold down, Bitcoin stable.

ok cool.  i got Think or Swim to work in Ubuntu.  now i only need to get Sierra Charts working in Ubuntu as well and then i can make the total transition.  does it have to be run in Wine?

edit:  also need to run Fidelity ATP in ubuntu as well.  anyone have experience with this?

ok.  thanx for the feedback.  it certainly isn't intentional.

it probably is good advice, but its next to impossible to figure out exactly what you are advising on when you advise. I would have kept paying for it, but your messages were just too cryptic.

thanks for the words of encouragement.  you are a good man. 

my family thinks i'm opinionated as well so i probably need to take part of the blame here.  i'm guess i'm spoiled as i don't have a boss and no one's opinion matters except mine in my business.  after all, ppl only come to the business for me and me alone as i'm pretty good at what i do.  the trolls here are the most counter-opinion i take in my life if you can believe that.    maybe that's why i can't ignore them? 

what i do with the newsletter is purely a hobby which i enjoy.  i only do it to get a small reward for all the time i spend analyzing markets.  i think it's good advice but everyone is free to disagree.

First Majestic making hay from the short side.

Try open sourcing things.  In that world, people who demonstrate a significant expertise in a particular field are often retained by those who value said expertise.  In exchange for money.

I'll bet a few of those who 'troll you' incessantly actually have some respect for, and interest in, your insights and find you to be out in front in certain lines of thought...even if they disagree somewhat with your synthesis.  Indeed, this thread, which shows little sign of abating or being terminated by TPTB, has proven a pretty decent vehicle for some open-source philosophical work.

http://soberlook.com/2012/12/the-2012-winner-for-best-performing.html


This time I looked at the date  

News thread https://bitcointalksearch.org/topic/2012-12-23-the-best-performing-currency-against-the-usd-133101

quoted for truth.

on a side-note (triggered by you talking about marked-based money (or rather media of exchange at this point (bitcoin))): I learned 2 new words: catallactic and praxeology by reading Peter Surdas (lonelyminer) master thesis on bitcoin which is worth a read in my mind: http://dev.economicsofbitcoin.com/mastersthesis/mastersthesis-surda-2012-11-19b.pdf.

they mention Bitcoin in this interview which hasn't yet been posted in the Press section.

http://commoditywatch.podbean.com/2012/12/19/ben-dyson-on-positive-money/

here's an example of a very bright 27 yo, Ben Dyson, getting the first half of this podcast interview about exactly what is the problem so very right and so very spot on.  notice his emphasis on DEBT and speculation and the primacy they both play in the current situation we find ourselves in. and then, in the last half of the interview, having a brain fart and totally screwing up the solution.  how many other guys fall into this same category?  Nouriel Roubini, Joseph Stiglitz to name a couple.

i should probably recant some of my praise of his understanding of the problem as he fails to understand that Deflation is the main problem we face today and that it is in fact deflation that will eventually dominate our current situation as it overwhelms central banks efforts to print.  

Dyson's solution of creating a public, transparent, accountable financial "body" or overseer to monitor inflation and adjust the money supply to it ignores human nature and the greed that accompanies it.  

the only solution will come from something like Bitcoin which is a market based solution that empowers the individual vs the state or any other centralized "body" or committee.  only with the progress of time, and with a tool like Bitcoin, will the ppl of the world vote with their fiat and feet and move to a dispassionate, workable, and egalitarian solution.