Gold collapsing. Bitcoin UP. - page 1377.

molecular

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Quote from: Stephen Gornick on November 17, 2012, 04:38:59 AM

Quote from: molecular on November 17, 2012, 02:46:32 AM

keep it there for a day while acquiring BTC 100,000 off-gox first,

If someone is to pay you 100K BTC, it doesn't matter what the exchange rate is, you get 100K either way. Did you mean manipulate down the exchange rate and then lock in the BTC price of a USD-based trade (at the lower exchange rate, thus a higher quantity)?

I'm not sure. What I meant was: push down mtgox-price by selling btc on mtgox (everyone still looks at mtgox for price), then wait for "crowd to accept new price" and buy btc as much as you can on intersango, bitcoin.de, localbitcoins.com, #bitcoin-otc, and any other place that doesn't subsequently run to gox to re-buy what they just sold to you, so without moving mtgox price up again (keep mtgox low by selling more BTC on mtgox if necessary).

After you've done your shopping, let the mtgox market correct to original price (hope it doesn't stick at the lower price)

Stephen Gornick

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Quote from: molecular on November 17, 2012, 02:46:32 AM

keep it there for a day while acquiring BTC 100,000 off-gox first,

If someone is to pay you 100K BTC, it doesn't matter what the exchange rate is, you get 100K either way. Did you mean manipulate down the exchange rate and then lock in the BTC price of a USD-based trade (at the lower exchange rate, thus a higher quantity)?

Quote from: miscreanity on November 16, 2012, 09:45:19 PM

This is the same thing that's happening with gold, silver, and numerous other real assets.

I just saw that in two places. One here:

Quote from: Binford 6100 on November 15, 2012, 02:41:23 PM

Seems the mint is not accepting new orders now,

And that's just for a 1 gram silver coin.

molecular

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Quote from: miscreanity on November 16, 2012, 09:45:19 PM

Quote from: TangibleCryptography on November 16, 2012, 12:30:48 PM

Just to be absolutely clear, out of coins means out of coins.

We are out, out, out.

We are getting a lot of PO requests. I understand price is moving and people want to double, triple, quadruple check in a hope against hope that there is a chance to get a buy order in. However we got no hidden bitcoins in the couch cushions. No disrespect intended but OUT means OUT and it is a busy day so we may not be able to respond to all PO requests (just to say, "nope we really are out").

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Tangible Cryptography

This is the same thing that's happening with gold, silver, and numerous other real assets. In addition to the visible volume at the familiar channels, there is high volume accumulation occurring through private exchange methods. What can't be seen is often more important than what can.

If Gox is representative of less than 80% and TC is the #2/3 exchange by volume, that means supply is short and demand is high. There's also no way of knowing how many local exchangers are conducting transactions at high capacity and/or volume. The effects of OTC and dark pools are not immediately apparent, and when they finally do manifest, the changes can be... substantial.

Gold at $3,000+ and Bitcoin over $30? Easily possible, even highly likely. The question remains: which one first?

I've been thinking: A high volume of transactions can be made off-gox so to speak. If you have enough funds, why not for example push the price down on gox (for example push down $1 costing you -say- BTC 50,000) and keep it there for a day while acquiring BTC 100,000 off-gox first, then the rest on mtgox itself to drive price back up again to roughly where you started, then slowly sell if you want to get back to your same level of fiat => you have more bitcoins now: profit.

thirdchance57

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there are still many old geezers with wealth that will be hesitant to accept change. like my dad... he is scared of it, cuz he doesnt understand it. its gonna take some time for people to see the value and accept it.

but its happening now people are accepting it...
the 6month and 1year chart of btc look healthy. if we continue this trend btc will be 20 dollars + this time next year.

miscreanity

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Quote from: TangibleCryptography on November 16, 2012, 12:30:48 PM

Just to be absolutely clear, out of coins means out of coins.

We are out, out, out.

We are getting a lot of PO requests. I understand price is moving and people want to double, triple, quadruple check in a hope against hope that there is a chance to get a buy order in. However we got no hidden bitcoins in the couch cushions. No disrespect intended but OUT means OUT and it is a busy day so we may not be able to respond to all PO requests (just to say, "nope we really are out").

Thanks,

Support

Tangible Cryptography

This is the same thing that's happening with gold, silver, and numerous other real assets. In addition to the visible volume at the familiar channels, there is high volume accumulation occurring through private exchange methods. What can't be seen is often more important than what can.

If Gox is representative of less than 80% and TC is the #2/3 exchange by volume, that means supply is short and demand is high. There's also no way of knowing how many local exchangers are conducting transactions at high capacity and/or volume. The effects of OTC and dark pools are not immediately apparent, and when they finally do manifest, the changes can be... substantial.

Gold at $3,000+ and Bitcoin over $30? Easily possible, even highly likely. The question remains: which one first?

tvbcof

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Quote from: cypherdoc on November 16, 2012, 11:12:49 AM

i have a new slogan:

Bitcoin UP, everything else DOWN.

I like 'collapsing' better than 'down'. And as a bonus, it is antagonistic enough to create 182-page threads even as a demonstrably inaccurate characterization.

conspirosphere.tk

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Bitcoin is antisemitic

Quote from: molecular on November 16, 2012, 04:57:13 PM

I guess my brain would count as a "tangible prepaid access device" in case I remembered for example an electrum seed or other seed/key (brainwallet)?

Don't tell them or they will seize it at the border.

molecular

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Quote from: conspirosphere.tk on November 16, 2012, 03:17:35 PM

Quote from: cypherdoc on November 16, 2012, 02:50:16 PM

isn't Euro Pacific Peter Schiff's gig? gold is getting old.

Yes, and yes, maybe 5,000 years old. That's why many likes it worldwide, not just USAian gold bugs.
BTW: that restriction is just another little alarm bell that says "get the hell out of Dodge until you can".

[edit] speaking of alarm bells: Department Of Homeland Security to Scan Payment Cards at Borders and Airports

United States have long had to declare aggregated cash and other monetary instruments exceeding $10,000. Now, under a proposed amendment to the Bank Secrecy Act, FinCEN (Financial Crimes Enforcement Network) will also require travelers to declare the value of prepaid cards that they are carrying, known now as “tangible prepaid access devices.”

Expected to be finalized by the end of this year, the cross-border reporting modifications stem from a broader October 2011 definition of payment methods and form factors that replaced the term “stored value” with the term “prepaid access” in an effort to more accurately describe the process of accessing funds held by a payment provider. http://www.forbes.com/sites/jonmatonis/2012/11/07/department-of-homeland-security-to-scan-payment-cards-at-borders-and-airports/

I guess my brain would count as a "tangible prepaid access device" in case I remembered for example an electrum seed or other seed/key (brainwallet)?

conspirosphere.tk

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Bitcoin is antisemitic

Quote from: cypherdoc on November 16, 2012, 02:50:16 PM

isn't Euro Pacific Peter Schiff's gig? gold is getting old.

Yes, and yes, maybe 5,000 years old. That's why many likes it worldwide, not just USAian gold bugs.
BTW: that restriction is just another little alarm bell that says "get the hell out of Dodge until you can".

[edit] speaking of alarm bells: Department Of Homeland Security to Scan Payment Cards at Borders and Airports

United States have long had to declare aggregated cash and other monetary instruments exceeding $10,000. Now, under a proposed amendment to the Bank Secrecy Act, FinCEN (Financial Crimes Enforcement Network) will also require travelers to declare the value of prepaid cards that they are carrying, known now as “tangible prepaid access devices.”

Expected to be finalized by the end of this year, the cross-border reporting modifications stem from a broader October 2011 definition of payment methods and form factors that replaced the term “stored value” with the term “prepaid access” in an effort to more accurately describe the process of accessing funds held by a payment provider. http://www.forbes.com/sites/jonmatonis/2012/11/07/department-of-homeland-security-to-scan-payment-cards-at-borders-and-airports/

cypherdoc

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Quote from: conspirosphere.tk on November 16, 2012, 02:18:38 PM

Quote from: myself on November 16, 2012, 02:05:22 PM

so you want to earn the 50$ commission for each new client, Peter is awesome, is sad that US citizens are banned from that service because of retarded regulations

Hey, I am not Santa. Why the hassle to spread useful info for nothing?
Anyway I know them since I am opening an account myself there, and in any case I do not spam shit that I don't believe in.

isn't Euro Pacific Peter Schiff's gig? gold is getting old.

myself

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chaos is fun...…damental :)

Quote from: conspirosphere.tk on November 16, 2012, 02:18:38 PM

Quote from: myself on November 16, 2012, 02:05:22 PM

so you want to earn the 50$ commission for each new client, Peter is awesome, is sad that US citizens are banned from that service because of retarded regulations

Hey, I am not Santa. Why the hassle to spread useful info for nothing?
Anyway I know them since I am opening an account myself there, and in any case I do not spam shit that I don't believe in.

ofc you are not santa, 50 usd is a nice affiliate commission but this is a quite hard product to sell since most ppl who can open a account are outside US and US population is more used to buy or hold gold compared to EU

conspirosphere.tk

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Bitcoin is antisemitic

Quote from: myself on November 16, 2012, 02:05:22 PM

so you want to earn the 50$ commission for each new client, Peter is awesome, is sad that US citizens are banned from that service because of retarded regulations

Hey, I am not Santa. Why the hassle to spread useful info for nothing?
Anyway I know them since I am opening an account myself there, and in any case I do not spam shit that I don't believe in.

myself

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chaos is fun...…damental :)

Quote from: conspirosphere.tk on November 16, 2012, 02:02:34 PM

I say: how about a Gold (or silver)-backed debit card and an offshore account in a bank who does not fractional reserve with very low costs, owned by one of the most respected precious metals guys around, available only to non-US citizens?
Check out my link: http://tinyurl.com/astnu2j

so you want to earn the 50$ commission for each new client, Peter is awesome, is sad that US citizens are banned from that service because of retarded regulations

conspirosphere.tk

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Bitcoin is antisemitic

Quote from: myself on November 16, 2012, 06:46:41 AM

a more serious point is why ppl dont rush to get credit cards backed by gold accounts ?

They should and now they can. See below

Quote from: cypherdoc on November 16, 2012, 02:06:19 AM

gold accounts have 3rd party risk. It's not like you can load up your gold card shortly before each purchase like you could with a bitcoin card.

Now you can, if you have internet access. See below

Quote from: thirdchance57 on November 15, 2012, 08:28:53 PM

i said credit card not pre-paid card

I say: how about a Gold (or silver)-backed debit card and an offshore account in a bank who does not fractional reserve, with very low costs, owned by one of the most respected precious metals guys around, available only to non-US citizens?
Check out my link: http://tinyurl.com/astnu2j

molecular

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Quote from: cypherdoc on November 16, 2012, 10:14:55 AM

Quote from: miscreanity on November 16, 2012, 09:25:31 AM

Quote from: myself on November 16, 2012, 08:40:25 AM

Quote from: molecular on November 16, 2012, 07:48:36 AM

gold accounts have 3rd party risk. ~~It's not like you can load up your gold card shortly before each purchase like you could with a bitcoin card.~~

i said credit card not pre-paid card

There.

Gold is best for settling very large balances. The smaller the account, the more risk is assumed by the client due to the need for trusting the service provider.

no, its not there.

why can't Bitcoin be used for the same purposes? besides, most cc users are small-fry making gold backing impractical. as chodpaba is fond of saying, once u put an abstraction layer btwn gold and a paper promise u introduce unacceptable counterparty risk.

edit: oops. i missed that bolded edit u inserted. perhaps i misunderstood u.

that was not an insert, but an emphasis

cypherdoc

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i have a new slogan:

Bitcoin UP, everything else DOWN.

cypherdoc

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cypherdoc

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Quote from: miscreanity on November 16, 2012, 09:25:31 AM

Quote from: myself on November 16, 2012, 08:40:25 AM

Quote from: molecular on November 16, 2012, 07:48:36 AM

gold accounts have 3rd party risk. ~~It's not like you can load up your gold card shortly before each purchase like you could with a bitcoin card.~~

i said credit card not pre-paid card

There.

Gold is best for settling very large balances. The smaller the account, the more risk is assumed by the client due to the need for trusting the service provider.

no, its not there.

why can't Bitcoin be used for the same purposes? besides, most cc users are small-fry making gold backing impractical. as chodpaba is fond of saying, once u put an abstraction layer btwn gold and a paper promise u introduce unacceptable counterparty risk.

edit: oops. i missed that bolded edit u inserted. perhaps i misunderstood u.

miscreanity

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Quote from: myself on November 16, 2012, 08:40:25 AM

Quote from: molecular on November 16, 2012, 07:48:36 AM

gold accounts have 3rd party risk. ~~It's not like you can load up your gold card shortly before each purchase like you could with a bitcoin card.~~

i said credit card not pre-paid card

There.

Gold is best for settling very large balances. The smaller the account, the more risk is assumed by the client due to the need for trusting the service provider.

myself

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chaos is fun...…damental :)

Quote from: molecular on November 16, 2012, 07:48:36 AM

Quote from: myself on November 16, 2012, 06:46:41 AM

Quote from: cypherdoc on November 16, 2012, 02:06:19 AM

Quote from: thirdchance57 on November 15, 2012, 08:28:53 PM

been buying gold and silver (maiinly silver) since 2008. when i discovered the silk road and realized btc is the future i have considered selling my physical gold and buying btc or btc mining equipment. but i will not sell my physical silver.

+ 1 for selling gold for btc

Now why won't WordPress accept gold?

a more serious point is why ppl dont rush to get credit cards backed by gold accounts ?

gold accounts have 3rd party risk. It's not like you can load up your gold card shortly before each purchase like you could with a bitcoin card.

i said credit card not pre-paid card

Topic: Gold collapsing. Bitcoin UP. - page 1377. (Read 2032272 times)