. Oh well buying back for high 9s, low 10s when I sold for more gives me more coins then I had before 
Topic: Gold collapsing. Bitcoin UP. - page 1410. (Read 2032274 times)
I bought back most of my BTC the last couple days. I was considering waiting for the weekend, but it looks unlikely that Pirate is gonna do much of anything but stall. I shoulda bought for high 7s last Sunday . Oh well buying back for high 9s, low 10s when I sold for more gives me more coins then I had before
. Oh well buying back for high 9s, low 10s when I sold for more gives me more coins then I had before 
nothing in the history of man has been over valued, like gold has the past few years.
You know all those tales about once ounce of gold being able to buy one gentlemens suit.
There is also a saying here: "Ein Dukat bedeckt Rappe und Reiter." That can either mean that amount (one ducat is ~1/9 oz) can be forged thin enough to cover the surface area of both a man and a horse or pay one mercenary.
hm? "bedeckt Rappe und Reiter"? Maybe buy clothes and garments for both of them?
Makes sense, but still if I'd sold that ducat out of my wallet now I would certainly not get one battle dress uniform for it.
nothing in the history of man has been over valued, like gold has the past few years.
You know all those tales about once ounce of gold being able to buy one gentlemens suit.
There is also a saying here: "Ein Dukat bedeckt Rappe und Reiter." That can either mean that amount (one ducat is ~1/9 oz) can be forged thin enough to cover the surface area of both a man and a horse or pay one mercenary.
hm? "bedeckt Rappe und Reiter"? Maybe buy clothes and garments for both of them?
nothing in the history of man has been over valued, like gold has the past few years.
You know all those tales about once ounce of gold being able to buy one gentlemens suit.
There is also a saying here: "Ein Dukat bedeckt Rappe und Reiter." That can either mean that amount (one ducat is ~1/9 oz) can be forged thin enough to cover the surface area of both a man and a horse or pay one mercenary.
That should give you an idea on historic value.
Bullish flag forming; Adam HIT the BUY button!
Gold did rather nicely today
gold have been doing "nicely" for 10 years.
^ Bubble!
"gold have been used as money for 1000's of years"
"Protect your money"
bla bla bla
nothing in the history of man has been over valued, like gold has the past few years.
i think we've all been duped. NASAA says it best:
The North American Securities Administrators Association (NASAA) today released its annual list of financial products and practices that threaten to trap unwary investors.
[...]
Persistent Threats
Gold and Precious Metals.
The hype surrounding gold, silver and other precious metals continues despite both the fact that these investments are just as vulnerable to risk as others, and signs that some precious metal markets are declining or increasingly turbulent. The promise of continuing increases in value pitched by high-profile celebrities on television, radio or the Internet too often lure unsuspecting investors into any number of scams. Often, scams begin with an unsolicited communication such as an email or telephone call offering to sell investors gold coins, bullion, bars or other forms of the precious metal that the promoter will hold in safekeeping for the investor. Far too often, the gold simply does not exist.
Increases in the value of precious metals during the recession have led unwary consumers to believe that the value will perpetually increase. Like any risky investment, there are no guarantees. In fact, gold declined by 15 percent between March and June of 2012 (a drop in value of more than $200 per ounce), settling at its lowest point since July of 2011.
- http://www.nasaa.org/14679/laws-provide-con-artists-with-personal-economic-growth-plan/
Quote
The North American Securities Administrators Association (NASAA) today released its annual list of financial products and practices that threaten to trap unwary investors.
[...]
Persistent Threats
Gold and Precious Metals.
The hype surrounding gold, silver and other precious metals continues despite both the fact that these investments are just as vulnerable to risk as others, and signs that some precious metal markets are declining or increasingly turbulent. The promise of continuing increases in value pitched by high-profile celebrities on television, radio or the Internet too often lure unsuspecting investors into any number of scams. Often, scams begin with an unsolicited communication such as an email or telephone call offering to sell investors gold coins, bullion, bars or other forms of the precious metal that the promoter will hold in safekeeping for the investor. Far too often, the gold simply does not exist.
Increases in the value of precious metals during the recession have led unwary consumers to believe that the value will perpetually increase. Like any risky investment, there are no guarantees. In fact, gold declined by 15 percent between March and June of 2012 (a drop in value of more than $200 per ounce), settling at its lowest point since July of 2011.
- http://www.nasaa.org/14679/laws-provide-con-artists-with-personal-economic-growth-plan/
Gold did rather nicely today
gold have been doing "nicely" for 10 years.
^ Bubble!
"gold have been used as money for 1000's of years"
"Protect your money"
bla bla bla
nothing in the history of man has been over valued, like gold has the past few years.
Gold did rather nicely today
Now we have to see how well it does going into the weekend close.
Hope everyone took advantage of the 3rd best daily buying opportunity in Bitcoin history a few days ago...
There might be a few more shocks. If so, gold will start closing the gap.
Gold did rather nicely today
...
Well, isn't all this gold/bitcoin has value thing a mass illusion anyhow?
...
Well, isn't all this gold/bitcoin has value thing a mass illusion anyhow?
...
No. There's very little else that has the same properties as gold (a handful of other precious metals, really), and nothing else that has the property-set of bitcoin. The value/utility is due to those properties. I feel like you're kind of alluding to the fact that gold and bitcoin are not commodity money (ie, you can't eat them, burn them, whatever), and therefore lack fundamental value. The commodity-money folks miss the boat, in my opinion. Money should have properties that make it good money....being useful in industry or whatever is a totally different concern. Stuff with traditional 'good-money' properties (eg, divisibility/unit-of-account, limited supply, durability, etc, etc) have utility because of those properties - they make commerce more liquid - and bitcoin does it all better than gold while adding a bunch of really nice modern-transactional properties.
BTC is barely hanging on after the CRASH (It'll plummet like a rock if Pirate starts paying in any meaningful fashion.)
I don't get why BTC is supposed to plunge if Pirate pays. Just to release the panic and drama?
I am waiting some coins from Pirate and have no intentions to sell if I get them, even if I could make some fast bucks cheap.
Yeah, I don't get it either... isn't it much more probable the money would flow into other dividend-paying assets? Why buy Dollars... it makes no sense except for speculation to sell them again for even more coins.
In addition, the order book is much thinner on the buy side then the ask side, so the natural pressure is to go down atm.
That is the assumption .....
That is a fact.
Look for yourself.
http://bitcoin.clarkmoody.com/
The assumption is that the order book will cause "natural pressure" to "go down" if it is much thinner on the buy side, not that the order book is much thinner on the buy side then the ask side.
Uh.. Sunnankar put "much thinner on the buy side" in italics..
Ahh... my apologies. Perhaps he is referring to the visible order book then?
maybe he means hidden depth?
like if we go down to 9.00 a F' load of new bid might appear at 8.50 ?
In addition, the order book is much thinner on the buy side then the ask side, so the natural pressure is to go down atm.
That is the assumption .....
That is a fact.
Look for yourself.
http://bitcoin.clarkmoody.com/
Not really. Only orders close to the bid/ask count. There's always people with orders left in silly expensive asks and silly cheap bids.
http://btccharts.com/#m=mtgox-BTC-USD
In other currencies the bid side is remarkably heavier https://intersango.com/orderbook.php and has been since the drop. Net BTC leaving the US I guess.
In addition, the order book is much thinner on the buy side then the ask side, so the natural pressure is to go down atm.
That is the assumption .....
That is a fact.
Look for yourself.
http://bitcoin.clarkmoody.com/
The assumption is that the order book will cause "natural pressure" to "go down" if it is much thinner on the buy side, not that the order book is much thinner on the buy side then the ask side.
Uh.. Sunnankar put "much thinner on the buy side" in italics..
Edit: Its a fact that it is much thinner on the buy side.
If you want to argue that a order booked stacked one direction exerts absolutely no pressure on future direction go ahead, but don't expect me to believe it
In addition, the order book is much thinner on the buy side then the ask side, so the natural pressure is to go down atm.
That is the assumption .....
That is a fact.
Look for yourself.
http://bitcoin.clarkmoody.com/
In addition, the order book is much thinner on the buy side then the ask side, so the natural pressure is to go down atm.
That is the assumption .....
BTC is barely hanging on after the CRASH (It'll plummet like a rock if Pirate starts paying in any meaningful fashion.)
I don't get why BTC is supposed to plunge if Pirate pays. Just to release the panic and drama?
I am waiting some coins from Pirate and have no intentions to sell if I get them, even if I could make some fast bucks cheap.
BTW: it could be advisable to keep an eye on silver too.
The actively traded/used coins is in the 2-3 million range.
Add 500k+ coins to those and even if only a small portion sells it'll drop the price.
In addition, the order book is much thinner on the buy side then the ask side, so the natural pressure is to go down atm.
BTC is barely hanging on after the CRASH (It'll plummet like a rock if Pirate starts paying in any meaningful fashion.)
I don't get why BTC is supposed to plunge if Pirate pays. Just to release the panic and drama?
I am waiting some coins from Pirate and have no intentions to sell if I get them, even if I could make some fast bucks cheap.
BTW: it could be advisable to keep an eye on silver too.
Since gold is performing so nicely.
This thread was started 3/13:
Bitcoin 5.40
Gold 1690
today 8/20:
Bitcoin 9.88 (up ~83%)
Gold 1654 (down ~2%)
BTC is barely hanging on after the CRASH (It'll plummet like a rock if Pirate starts paying in any meaningful fashion.)
Gold is in this season! (apparently gold is too cool to collapse!)
BTC is still outperforming gold.
GPL 1.98 (Silver lg @ 1.98) Looky looky.. Silverbox's stock pick is dead even and rising..
This thread was started 3/13:
Bitcoin 5.40
Gold 1690
today 8/20:
Bitcoin 9.88 (up ~83%)
Gold 1654 (down ~2%)
BTC is barely hanging on after the CRASH (It'll plummet like a rock if Pirate starts paying in any meaningful fashion.)
Gold is in this season! (apparently gold is too cool to collapse!)
BTC is still outperforming gold.
GPL 1.98 (Silver lg @ 1.98) Looky looky.. Silverbox's stock pick is dead even and rising..
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