Gold collapsing. Bitcoin UP. - page 1386.

cypherdoc

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Quote from: molecular on October 17, 2012, 04:06:17 PM

Quote from: silverbox on October 17, 2012, 03:41:29 PM

But I agree BTC has the higher chance for gain, while PM's are safer.

Interestingly my brother, who has been reluctant to invest in either BTC nor metals up to recently told me today that he considered the metals to be pretty risky and started putting fiat into bitcoin three weeks ago. While being new to both kinds of "investment", he seems to feel more comfortable with bitcoin than with metals.

Welcome to the Age of the Internet! Wink

Let me guess; he's probably 14 yo. Grin

cypherdoc

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Quote from: tvbcof on October 17, 2012, 04:10:32 PM

Quote from: molecular on October 17, 2012, 04:06:17 PM

Quote from: silverbox on October 17, 2012, 03:41:29 PM

But I agree BTC has the higher chance for gain, while PM's are safer.

Interestingly my brother, who has been reluctant to invest in either BTC nor metals up to recently told me today that he considered the metals to be pretty risky and started putting fiat into bitcoin three weeks ago. While being new to both kinds of "investment", he seems to feel more comfortable with bitcoin than with metals.

Maybe he's a subscriber to Cypherdoc's newsletter?

as to silverbox's comment, i still don't like the Tungsten Effect. how many of you, seriously, can step forward and say that your bullion is pure? i know i can't for the coupla dozen coins i still own. the technology to fraudulently market bullion has escalated significantly. how is this not equivalent to a hack of the Bitcoin code?

tvbcof

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Quote from: molecular on October 17, 2012, 04:06:17 PM

Quote from: silverbox on October 17, 2012, 03:41:29 PM

But I agree BTC has the higher chance for gain, while PM's are safer.

Interestingly my brother, who has been reluctant to invest in either BTC nor metals up to recently told me today that he considered the metals to be pretty risky and started putting fiat into bitcoin three weeks ago. While being new to both kinds of "investment", he seems to feel more comfortable with bitcoin than with metals.

Maybe he's a subscriber to Cypherdoc's newsletter?

molecular

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Quote from: silverbox on October 17, 2012, 03:41:29 PM

But I agree BTC has the higher chance for gain, while PM's are safer.

Interestingly my brother, who has been reluctant to invest in either BTC nor metals up to recently told me today that he considered the metals to be pretty risky and started putting fiat into bitcoin three weeks ago. While being new to both kinds of "investment", he seems to feel more comfortable with bitcoin than with metals.

silverbox

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Quote from: miscreanity on October 17, 2012, 03:04:25 PM

Quote from: cypherdoc on October 17, 2012, 02:49:53 PM

Quote from: miscreanity on October 17, 2012, 02:08:43 PM

Quote from: cypherdoc on October 16, 2012, 10:41:27 PM

Quote from: miscreanity on October 16, 2012, 10:17:15 PM

I favor Bitcoin over gold and silver

now we're making some progress. Wink

My posts have always viewed Bitcoin > gold/silver, especially long-term; they're all headed for growth, only with Bitcoin leading the pack

that's not my recollection from back in the early days of the original gold thread late last year. but anyways, glad to know this is where you are now.

There's only one point at which I think gold/silver would outperform - a revaluation or commercial failure could cause a doubling in price for the metals. That may occur before Bitcoin climbs (I'm still not sure whether Bitcoin is leading or following PMs). The metals would briefly exceed Bitcoin on both a relative and absolute basis, but would be followed and surpassed. How quickly that would happen is the question.

Your neglecting catastrophic failure of the bitcoin system. Broken protocol, massive gubament intervention, etc. PM's have some of these risks, but not to the extent BTC does.

Complete collaspse of BTC is still on the table IMO. For PM's I don't believe it is.

But I agree BTC has the higher chance for gain, while PM's are safer.

miscreanity

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Quote from: cypherdoc on October 17, 2012, 02:49:53 PM

Quote from: miscreanity on October 17, 2012, 02:08:43 PM

Quote from: cypherdoc on October 16, 2012, 10:41:27 PM

Quote from: miscreanity on October 16, 2012, 10:17:15 PM

I favor Bitcoin over gold and silver

now we're making some progress. Wink

My posts have always viewed Bitcoin > gold/silver, especially long-term; they're all headed for growth, only with Bitcoin leading the pack

that's not my recollection from back in the early days of the original gold thread late last year. but anyways, glad to know this is where you are now.

There's only one point at which I think gold/silver would outperform - a revaluation or commercial failure could cause a doubling in price for the metals. That may occur before Bitcoin climbs (I'm still not sure whether Bitcoin is leading or following PMs). The metals would briefly exceed Bitcoin on both a relative and absolute basis, but would be followed and surpassed. How quickly that would happen is the question.

cypherdoc

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Quote from: miscreanity on October 17, 2012, 02:08:43 PM

Quote from: cypherdoc on October 16, 2012, 10:41:27 PM

Quote from: miscreanity on October 16, 2012, 10:17:15 PM

I favor Bitcoin over gold and silver

now we're making some progress. Wink

My posts have always viewed Bitcoin > gold/silver, especially long-term; they're all headed for growth, only with Bitcoin leading the pack

that's not my recollection from back in the early days of the original gold thread late last year. but anyways, glad to know this is where you are now.

miscreanity

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Activity: 1316

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Quote from: cypherdoc on October 16, 2012, 10:41:27 PM

Quote from: miscreanity on October 16, 2012, 10:17:15 PM

I favor Bitcoin over gold and silver

now we're making some progress. Wink

My posts have always viewed Bitcoin > gold/silver, especially long-term; they're all headed for growth, only with Bitcoin leading the pack

tvbcof

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Activity: 4760

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It's often kind of fun to 'miss' the KWN weekly metal wrap and listen to it later while watching the early week action. It happened to me yesterday and I must say that Trader Dan utterly nailed it this week. I would go so far as to say that that is not unusual for him in my observation though of course everyone has their mis-steps. Or at least everyone who has the cojones to try to make calls (I don't.)

cypherdoc

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Quote from: miscreanity on October 16, 2012, 10:17:15 PM

I favor Bitcoin over gold and silver

now we're making some progress. Wink

miscreanity

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Activity: 1316

Merit: 1005

Allowing prices to fall would wipe out enormous amounts of wealth. If that were going to be done, it would've been pursued already.

Prices can remain static or even rise while the system is being cleansed. It's a relative matter - prices in relation to money supply and debt levels.

London Trader - Competition To Buy Physical Gold Is Fierce

London Trader - Bullion Banks Had To Halt Gold’s Advance

The same patterns are present in Bitcoin as are seen in gold and silver. Volume spikes with marginal price movement are indicative of wealth transfer, not the end of a bull market.

I favor Bitcoin over gold and silver, but wouldn't be too quick to jump into a partially filled swimming pool just yet. I like my legs intact.

SkRRJyTC

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USD gap'd lower.

SkRRJyTC

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Quote from: SkRRJyTC on October 02, 2012, 02:30:23 PM

Gold and silver are going to go under their lows from 5 days ago (~1740 or ~34), but not below major support at ~1650 or ~30, before continuing to higher highs.

Just thought I should put one of my predictions to the test as well as bashing Cypher's Tongue

Under 1740 and 34... now to find support above 1650 and 30. Cheesy

cypherdoc

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silverbox, you lost your chance to sell GPL. back in the red.

cypherdoc

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hmmmmm. gold doesn't seem to be doing so well. already.

silverbox

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It's been awhile.

This thread was started 3/13:

Bitcoin 5.40

Gold 1690

Today 10/12:

Bitcoin 12.05 (up ~123%)

Gold 1758 (up ~4%)

BTC took a lil ride down then up after the GLBSE fiasco. I missed out on the dip thu, didn't think it would be as significant as it was.

PM's seem kinda stuck/stable.

BTC is still outperforming gold.

Gold is slowly collapsing upwards.

GPL 1.99 (Silver lg @ 1.98)

cypherdoc

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Quote from: silverbox on October 12, 2012, 05:33:42 PM

Quote from: cypherdoc on October 12, 2012, 12:26:09 PM

Gold: I smell a trap

Its a trap that closes with infinite slowness..

Just like our upwards slow collapse from 1690

.

where are we with the updates?

silverbox

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Quote from: cypherdoc on October 12, 2012, 12:26:09 PM

Gold: I smell a trap

Its a trap that closes with infinite slowness..

Just like our upwards slow collapse from 1690

.

cypherdoc

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Merit: 1002

Quote from: SkRRJyTC on October 12, 2012, 12:22:45 PM

Quote from: cypherdoc on October 12, 2012, 12:16:43 PM

Quote from: SkRRJyTC on October 12, 2012, 12:09:17 PM

Quote from: cypherdoc on October 12, 2012, 10:44:54 AM

Quote from: SkRRJyTC on October 12, 2012, 10:41:13 AM

Quote from: cypherdoc on October 12, 2012, 10:37:47 AM

Quote from: silverbox on October 10, 2012, 03:48:03 PM

Quote from: cypherdoc on October 10, 2012, 12:42:50 PM

silverbox, you're about to lose all your gains on GPL. sell while you can.

I know, but I just checked and the fed is still printing money like its going out of style, I'll just wait Wink

unfortunately, Ben's bladder is too small to fill up the toilet of irreconcilable debt to prevent the flush down into deflationary hell.

Do you think he can't or he won't?

All he has to do is push the create $16 trillion button and poof it will exist.

Why cant he do this?

go back and read my original gold thread. it's all there.

Do you mean the beginning pages of this thread, or some different gold thread? Link?

Gold: I smell a trap

SkRRJyTC

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Quote from: cypherdoc on October 12, 2012, 12:16:43 PM

Quote from: SkRRJyTC on October 12, 2012, 12:09:17 PM

Quote from: cypherdoc on October 12, 2012, 10:44:54 AM

Quote from: SkRRJyTC on October 12, 2012, 10:41:13 AM

Quote from: cypherdoc on October 12, 2012, 10:37:47 AM

Quote from: silverbox on October 10, 2012, 03:48:03 PM

Quote from: cypherdoc on October 10, 2012, 12:42:50 PM

silverbox, you're about to lose all your gains on GPL. sell while you can.

I know, but I just checked and the fed is still printing money like its going out of style, I'll just wait Wink

unfortunately, Ben's bladder is too small to fill up the toilet of irreconcilable debt to prevent the flush down into deflationary hell.

Do you think he can't or he won't?

All he has to do is push the create $16 trillion button and poof it will exist.

Why cant he do this?

go back and read my original gold thread. it's all there.

Do you mean the beginning pages of this thread, or some different gold thread? Link?

Topic: Gold collapsing. Bitcoin UP. - page 1386. (Read 2032272 times)