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Topic: Gold collapsing. Bitcoin UP. - page 1411. (Read 2032274 times)
Cypher, if you check the historic bitcoin price data, you will be able find easily that if a drawdown larger than 15% happened, another drawdown in 1-2 days is extremely likely to happen. Considering that these kind of drawdowns has happened only 19 times.
I would like to bet with you one bitcoin, that there is going to be another drawdown, larger than 10% from now on in 5 days. now the price = 9.87 USD on mtgox.
I would like to bet with you one bitcoin, that there is going to be another drawdown, larger than 10% from now on in 5 days. now the price = 9.87 USD on mtgox.
if you make it 15% from $9.87, sure, why not.
Those miners seem to be turning 
GPL 1.95 (silver lg @ 1.98)
Come to papa
GPL 1.95 (silver lg @ 1.98)
Come to papa
Cypher, if you check the historic bitcoin price data, you will be able find easily that if a drawdown larger than 15% happened, another drawdown in 1-2 days is extremely likely to happen. Considering that these kind of drawdowns has happened only 19 times.
I would like to bet with you one bitcoin, that there is going to be another drawdown, larger than 10% from now on in 5 days. now the price = 9.87 USD on mtgox.
I would like to bet with you one bitcoin, that there is going to be another drawdown, larger than 10% from now on in 5 days. now the price = 9.87 USD on mtgox.
aye, fairly certain that gold was NOT listed as qualifying as a Zero Percent Risk-Weighted Item before this update.
It will likely do more for the large holder risk assessment sheets than it will for would be buyers though.
It will likely do more for the large holder risk assessment sheets than it will for would be buyers though.
It's also a recent change that was made by the ECB, BIS, and numerous other major financial institutions. Gold is the only monetary instrument currently capable of providing sufficient liquidity for large scale international trade.
I have already started helping some people formulate a USD/gold to Bitcoin carry-trade. This will keep demand for gold fairly stagnant but allow for a switch in demand from USD to Bitcoin, on a small scale (few tens of millions). Going to be extremely exciting over the next few years.
I believe this would be the most significant section:
Quote
A. Zero Percent Risk-Weighted Items
The following exposures would receive a zero percent risk weight under the proposal:
Cash;
Gold bullion;
Direct and unconditional claims on the U.S. government, its central bank, or a U.S. government agency;
Exposures unconditionally guaranteed by the U.S. government, its central bank, or a U.S. government agency;
Claims on certain supranational entities (such as the International Monetary Fund) and certain multilateral development banking organizations
Claims on and exposures unconditionally guaranteed by sovereign entities that meet certain criteria (as discussed below).
The following exposures would receive a zero percent risk weight under the proposal:
Cash;
Gold bullion;
Direct and unconditional claims on the U.S. government, its central bank, or a U.S. government agency;
Exposures unconditionally guaranteed by the U.S. government, its central bank, or a U.S. government agency;
Claims on certain supranational entities (such as the International Monetary Fund) and certain multilateral development banking organizations
Claims on and exposures unconditionally guaranteed by sovereign entities that meet certain criteria (as discussed below).
Is that a change from current policy? Is gold bullion currently an "item" that's considered 0% risk by the FDIC or not? ... If this *is* a change from existing policy, I consider it a significant one.
aye, fairly certain that gold was NOT listed as qualifying as a Zero Percent Risk-Weighted Item before this update.
It will likely do more for the large holder risk assessment sheets than it will for would be buyers though.
I'm pretty sure that's new, too. Shouldn't we see huge impact on the gold price?
the thing that gives me confidence that i did the right thing is that we continue to get newbies to the forum like this guy Coreadrin_47 who's writings remind we of what i've been saying all along. it appears to me that more and more ppl see the same things that i do and i can't believe we are all seeing an illusion.
There are cases of mass-illusions. Well, isn't all this gold/bitcoin has value thing a mass illusion anyhow?
I don't really care wether or not it's an illusion as long as it give me a stable store for my modest wealth.
USDX now under support... gold and silver now above resistance... stocks about to challenge their may highs...
Is the corner broken?
Is the corner broken?
not yet.
Livin on the edge?
Edit... although if today is a top in stocks and metals... the drop off will be sick
see, the real question is; did you bite?
USDX now under support... gold and silver now above resistance... stocks about to challenge their may highs...
Is the corner broken?
Is the corner broken?
not yet.
Livin on the edge?
Edit... although if today is a top in stocks and metals... the drop off will be sick
you're not allowed to edit 60 min after your original post.
USDX now under support... gold and silver now above resistance... stocks about to challenge their may highs...
Is the corner broken?
Is the corner broken?
not yet.
Livin on the edge?
Edit... although if today is a top in stocks and metals... the drop off will be sick
USDX now under support... gold and silver now above resistance... stocks about to challenge their may highs...
Is the corner broken?
Is the corner broken?
not yet.
aye, fairly certain that gold was NOT listed as qualifying as a Zero Percent Risk-Weighted Item before this update.
It will likely do more for the large holder risk assessment sheets than it will for would be buyers though.
It will likely do more for the large holder risk assessment sheets than it will for would be buyers though.
It's also a recent change that was made by the ECB, BIS, and numerous other major financial institutions. Gold is the only monetary instrument currently capable of providing sufficient liquidity for large scale international trade.
USDX now under support... gold and silver now above resistance... stocks about to challenge their may highs...
Is the corner broken?
Is the corner broken?
I believe this would be the most significant section:
Quote
A. Zero Percent Risk-Weighted Items
The following exposures would receive a zero percent risk weight under the proposal:
Cash;
Gold bullion;
Direct and unconditional claims on the U.S. government, its central bank, or a U.S. government agency;
Exposures unconditionally guaranteed by the U.S. government, its central bank, or a U.S. government agency;
Claims on certain supranational entities (such as the International Monetary Fund) and certain multilateral development banking organizations
Claims on and exposures unconditionally guaranteed by sovereign entities that meet certain criteria (as discussed below).
The following exposures would receive a zero percent risk weight under the proposal:
Cash;
Gold bullion;
Direct and unconditional claims on the U.S. government, its central bank, or a U.S. government agency;
Exposures unconditionally guaranteed by the U.S. government, its central bank, or a U.S. government agency;
Claims on certain supranational entities (such as the International Monetary Fund) and certain multilateral development banking organizations
Claims on and exposures unconditionally guaranteed by sovereign entities that meet certain criteria (as discussed below).
Is that a change from current policy? Is gold bullion currently an "item" that's considered 0% risk by the FDIC or not? ... If this *is* a change from existing policy, I consider it a significant one.
aye, fairly certain that gold was NOT listed as qualifying as a Zero Percent Risk-Weighted Item before this update.
It will likely do more for the large holder risk assessment sheets than it will for would be buyers though.
I believe this would be the most significant section:
Quote
A. Zero Percent Risk-Weighted Items
The following exposures would receive a zero percent risk weight under the proposal:
Cash;
Gold bullion;
Direct and unconditional claims on the U.S. government, its central bank, or a U.S. government agency;
Exposures unconditionally guaranteed by the U.S. government, its central bank, or a U.S. government agency;
Claims on certain supranational entities (such as the International Monetary Fund) and certain multilateral development banking organizations
Claims on and exposures unconditionally guaranteed by sovereign entities that meet certain criteria (as discussed below).
The following exposures would receive a zero percent risk weight under the proposal:
Cash;
Gold bullion;
Direct and unconditional claims on the U.S. government, its central bank, or a U.S. government agency;
Exposures unconditionally guaranteed by the U.S. government, its central bank, or a U.S. government agency;
Claims on certain supranational entities (such as the International Monetary Fund) and certain multilateral development banking organizations
Claims on and exposures unconditionally guaranteed by sovereign entities that meet certain criteria (as discussed below).
Is that a change from current policy? Is gold bullion currently an "item" that's considered 0% risk by the FDIC or not? ... If this *is* a change from existing policy, I consider it a significant one.
I'm putting every last extra fiat dollar I have into both Bitcoin AND gold at this point. I split any excess money left over at the end of the month right down the middle - half gets wired to the exchange, the other half to the coin dealer. I think gold is going to take off before the end of the year and this is a great time to buy. I did not come to this conclusion using some magical technical analysis nor did I feel it in my gut - I simply listen to what the rich and powerful say, but then I do what they do (which is usually the opposite):
http://sgtreport.com/2012/08/soros-gold-action-speaks-louder-than-trumpeted-bubble-words/
http://sgtreport.com/2012/08/soros-gold-action-speaks-louder-than-trumpeted-bubble-words/
On further thought, bitcoin is 2nd to the internet. Increasing the efficiency of accurate information flow should be the #1 goal of humanity right now, and bitcoin (or at least something spawned from it) is/will be a crucial part of that.
Bitcoin is the most powerful tool created in the last 65 years. This is the most interesting experiment going on right now, and will continue to attract the people interested in that type of thing.
the thing that gives me confidence that i did the right thing is that we continue to get newbies to the forum like this guy Coreadrin_47 who's writings remind we of what i've been saying all along. it appears to me that more and more ppl see the same things that i do and i can't believe we are all seeing an illusion.
Yes, +1, though Coreadrin is not a newbie ("longtime lurker" who CPU-mined back in the day), according to his post. But the point is valid; the more posts I see by intelligent people we haven't heard from before, the better.
For my part, I seem to be making some headway with colleagues, who are mostly tech, Wall st., or Harvard MBA types (I work with tech startups). My first mentions of bitcoin were largely ignored; now these guys are sending me news articles about bitcoin when they see them, and asking me questions indicating that they're clearly genuinely interested. It's a slow process, but it's happening.
it just dawned on me that it appears i am the first one IN THE WORLD to have done this. not to mention to the magnitude i have. if someone else has done something similar they sure haven't stepped forward to admit it in this forum or elsewhere. i guess i'll either be defined as a visionary or a dunce.
Actually, let me respond to that to.
If your bet pays off, I'll consider you a visionary AND a if not a dunce, at least quite reckless. Like someone who tries, and succeeds, in setting a record jumping a motorcycle over more cars than anyone before.
If it turns out that they daredevil is a physics wiz and ran a series of complex computer simulations, specified and tested the mechanical aspects of the ramp, tested his motorcycle's performance in a controlled series of experiments, etc, etc, now I start to develop a fair degree of respect for the guy. With Bitcoin I do not believe that it is possible to fully analyze many of the more critical factors or even fully predict all of the factors that are and will come into play. Thus, while I can and do have some respect for someone who goes all-in, I still consider them to be mostly a gambler. And I tend to have more respect for someone who would do such a thing more out of philosophical or political grounds.
That said, I myself went more or less all-in on PM's. That was at a time when I had less to lose though, and I never thought that a plausible outcome was to realize a 100% loss whereas I _still_ assume that outcome for my Bitcoin speculation.
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