Gold collapsing. Bitcoin UP. - page 1412.

miscreanity

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Quote from: cypherdoc on August 20, 2012, 11:28:02 PM

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.

Indeed.

sunnankar

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Quote from: cypherdoc on August 20, 2012, 11:06:07 PM

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.

You nailed it awesomely! Right to the target but I am having a hard time finding the arrow...

oakpacific

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I don't remember U.S dollar fluctuated by more than 10% within 3 months, like gold did, so maybe we should buy and hoard dollars instead!

cypherdoc

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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.

tvbcof

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Quote from: cypherdoc on August 20, 2012, 11:06:07 PM

...
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.

I came fairly close to trading some Krugerrands and/or junk silver straight across for Bitcoin in about June of 2011. I probably would have if I could have easily arranged it. But it would have been a pretty small fraction of my PM holdings. Part of the rational here was that I was paranoid about a clamp-down on the exchanges. The route I went was to convert fiat as it came in to Bitcoin instead. This turned out to be fortuitous due to the longish duration price drop of BTC and the lack of any legal issues associated with the exchanges.

A theoretical issue is that the money I sent to an exchange is a matter of record in various databases an it could be rationally assumed that I acquired Bitcoin. But if I were terribly concerned about that I probably would not be blathering on on this forum.

smoothie

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Quote from: cypherdoc on August 20, 2012, 11:13:47 PM

Quote from: smoothie on August 20, 2012, 11:10:10 PM

Quote from: cypherdoc on August 20, 2012, 11:06:07 PM

Quote from: miscreanity on August 20, 2012, 10:38:20 PM

Quote from: cypherdoc on August 20, 2012, 09:16:25 PM

you know what they say about great investments; you gotta make them when no one else sees it.

I don't think anyone here is disputing Bitcoin's potential, only that Bitcoin will not be the exclusive beneficiary of current trends.

all i can say is that it has been a spectacularly successful trade getting out of silver starting @ $49 and gold @ $1650 and moving fungible proceeds (not exactly coincident in time silverbox) into Bitcoin over a year ago now. it has now moved from being a successful short term trade to that of a successful intermediate term trade by my definition. i'm hopeful this will continue into the long term.

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.

Uhh I have...sold my silver in April, May, and July of 2011. Bought mining equipment and bought bitcoins outright.

Edit: Davincij15 did it first. I did it second to my knowledge.

well good for you altho i doubt you did it to the magnitude that i did. nonetheless, its comforting to know i'm not the only one who thinks they see something. Cheesy

You are probably right. I dont have as deep pocket as you do but I liquidated about 500oz of silver bullion in those three months.

cypherdoc

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Quote from: smoothie on August 20, 2012, 11:10:10 PM

Quote from: cypherdoc on August 20, 2012, 11:06:07 PM

Quote from: miscreanity on August 20, 2012, 10:38:20 PM

Quote from: cypherdoc on August 20, 2012, 09:16:25 PM

you know what they say about great investments; you gotta make them when no one else sees it.

I don't think anyone here is disputing Bitcoin's potential, only that Bitcoin will not be the exclusive beneficiary of current trends.

all i can say is that it has been a spectacularly successful trade getting out of silver starting @ $49 and gold @ $1650 and moving fungible proceeds (not exactly coincident in time silverbox) into Bitcoin over a year ago now. it has now moved from being a successful short term trade to that of a successful intermediate term trade by my definition. i'm hopeful this will continue into the long term.

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.

Uhh I have...sold my silver in April, May, and July of 2011. Bought mining equipment and bought bitcoins outright.

Edit: Davincij15 did it first. I did it second to my knowledge.

well good for you altho i doubt you did it to the magnitude that i did. nonetheless, its comforting to know i'm not the only one who thinks they see something. Cheesy

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: cypherdoc on August 20, 2012, 11:06:07 PM

Quote from: miscreanity on August 20, 2012, 10:38:20 PM

Quote from: cypherdoc on August 20, 2012, 09:16:25 PM

you know what they say about great investments; you gotta make them when no one else sees it.

I don't think anyone here is disputing Bitcoin's potential, only that Bitcoin will not be the exclusive beneficiary of current trends.

all i can say is that it has been a spectacularly successful trade getting out of silver starting @ $49 and gold @ $1650 and moving fungible proceeds (not exactly coincident in time silverbox) into Bitcoin over a year ago now. it has now moved from being a successful short term trade to that of a successful intermediate term trade by my definition. i'm hopeful this will continue into the long term.

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.

Uhh I have...sold my silver in April, May, and July of 2011. Bought mining equipment and bought bitcoins outright.

Edit: Davincij15 did it first. I did it second to my knowledge.

tvbcof

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Quote from: cypherdoc on August 20, 2012, 07:01:55 PM

we seem to be agreeing alot more these days. ...

Hard to know for certain since your true thoughts are reserved for people who pay you

We've always been on a similar sheet wrt Bitcoin I think. I am prone to taking a counter-argument so usually when I talk to someone it is for the sake of disagreeing. Or just seeking amusement which often comes at the expense of either myself or others. As I've mentioned before, I think that actually communicating both the pro's and con's of something does that something the best service. The pro's of Bitcoin (and PM's) are communicated ad-nauseam here. Unsurprisingly. I think it is of value to consider the con's as well, or at least not completely ignore or deny them. Not unlike turning an interesting find over, under, and sideways to try to see it from as many angles as possible.

We are miles apart on Gold yet I think. I guess we'll have to let time sort that one out. I remain baffled that someone who went pretty heavily into PM's at one time so completely rejects the most compelling arguments for it today. Oh well...life is full of mysteries I guess.

cypherdoc

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Quote from: miscreanity on August 20, 2012, 10:38:20 PM

Quote from: cypherdoc on August 20, 2012, 09:16:25 PM

you know what they say about great investments; you gotta make them when no one else sees it.

I don't think anyone here is disputing Bitcoin's potential, only that Bitcoin will not be the exclusive beneficiary of current trends.

all i can say is that it has been a spectacularly successful trade getting out of silver starting @ $49 and gold @ $1650 and moving fungible proceeds (not exactly coincident in time silverbox) into Bitcoin over a year ago now. it has now moved from being a successful short term trade to that of a successful intermediate term trade by my definition. i'm hopeful this will continue into the long term.

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.

miscreanity

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Quote from: cypherdoc on August 20, 2012, 09:16:25 PM

Quote from: sunnankar on August 20, 2012, 08:05:56 PM

Quote from: cypherdoc on August 20, 2012, 06:54:10 PM

it has been clear that i, so far, made a good decision to sell all my silver and most of my gold last year and put it into Bitcoin.

I do not think the minuscule Bitcoin market is large enough yet to draw any reliable correlations; but if the market were larger and the capital pools deep enough I could see the current inverse relationship between Bitcoin and gold maintained. Currently, in the universe of finance Bitcoin barely registers as a few atoms. But $3m+/day in volume over the past few days with such volatility is very encouraging for its future.

This proposed rule by the FDIC could have huge implications for the gold price.

mind explaining what this means?

I believe this would be the most significant section:

Quote from: cypherdoc on August 20, 2012, 09:16:25 PM

Quote

So, when it comes to preserving wealth gold is it. Nevertheless, I think Bitcoin has been an is going to be a great speculative and wealth transfer play.

you know what they say about great investments; you gotta make them when no one else sees it.

I don't think anyone here is disputing Bitcoin's potential, only that Bitcoin will not be the exclusive beneficiary of current trends.

cypherdoc

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Quote from: sunnankar on August 20, 2012, 08:05:56 PM

Quote from: cypherdoc on August 20, 2012, 06:54:10 PM

it has been clear that i, so far, made a good decision to sell all my silver and most of my gold last year and put it into Bitcoin.

I do not think the minuscule Bitcoin market is large enough yet to draw any reliable correlations; but if the market were larger and the capital pools deep enough I could see the current inverse relationship between Bitcoin and gold maintained. Currently, in the universe of finance Bitcoin barely registers as a few atoms. But $3m+/day in volume over the past few days with such volatility is very encouraging for its future.

This proposed rule by the FDIC could have huge implications for the gold price.

mind explaining what this means?

Quote

So, when it comes to preserving wealth gold is it. Nevertheless, I think Bitcoin has been an is going to be a great speculative and wealth transfer play.

you know what they say about great investments; you gotta make them when no one else sees it.

miscreanity

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Quote from: silverbox on August 20, 2012, 07:34:33 PM

The Pirate party is over..

Is it..?

Quote from: cypherdoc on August 20, 2012, 07:39:00 PM

yes, i didn't sell one BTC. they're all in cold storage b/c i think we have a long way to go. this was but a flesh wound.

No fun

sunnankar

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Quote from: cypherdoc on August 20, 2012, 06:54:10 PM

it has been clear that i, so far, made a good decision to sell all my silver and most of my gold last year and put it into Bitcoin.

I do not think the minuscule Bitcoin market is large enough yet to draw any reliable correlations; but if the market were larger and the capital pools deep enough I could see the current inverse relationship between Bitcoin and gold maintained. Currently, in the universe of finance Bitcoin barely registers as a few atoms. But $3m+/day in volume over the past few days with such volatility is very encouraging for its future.

This proposed rule by the FDIC could have huge implications for the gold price.

So, when it comes to preserving wealth gold is it. Nevertheless, I think Bitcoin has been an is going to be a great speculative and wealth transfer play.

silverbox

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Quote from: cypherdoc on August 20, 2012, 07:39:00 PM

Quote from: silverbox on August 20, 2012, 07:34:33 PM

Quote from: cypherdoc on August 20, 2012, 06:54:10 PM

Quote from: silverbox on August 20, 2012, 06:44:31 PM

and where were you with your prediction for where it would fall too??

Oh wait.. Silent.. Noo, not silent, saying I was throwing BTC under the bus.. Kind of a like a ?? Bull.. When it was eating itself. and 55% is a crash, lol. Not a dip. That would be like gold dipping to 700, roflmao.

it's really quite sad that you're getting your panties all twisted up desperately trying to discredit me when it has been clear that i, so far, made a good decision to sell all my silver and most of my gold last year and put it into Bitcoin. more and more ppl are coming around to this idea despite your continued trolling, and yes, attempts to throw Bitcoin under the bus. the statistics say it all.

personally i will continue to call this 3d pullback a dip if the price continues to recover as it seems to be doing and as i have called for. i didn't bat an eye throughout the whole dip b/c i know the fundamentals are still there and Bitcoin's future is bright. i don't get excited by these pullbacks like you.

I don't get excited. I saw this pullback clearly enuf to sell high.. Like you didn't. Sorry you missed it. But its more likley to go lower this week then higher... BTC=9.89 currently. You could still sell and rebuy later.. If you dare!! Wink

The Pirate party is over..

ok. we'll put that on record. you sold out and have not bought back in yet. so if it continues to rise you will be left behind and your trolling for silver and gold will get even more intense.

yes, i didn't sell one BTC. they're all in cold storage b/c i think we have a long way to go. this was but a flesh wound.

So says shylock Wink

cypherdoc

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Quote from: silverbox on August 20, 2012, 07:34:33 PM

Quote from: cypherdoc on August 20, 2012, 06:54:10 PM

Quote from: silverbox on August 20, 2012, 06:44:31 PM

and where were you with your prediction for where it would fall too??

Oh wait.. Silent.. Noo, not silent, saying I was throwing BTC under the bus.. Kind of a like a ?? Bull.. When it was eating itself. and 55% is a crash, lol. Not a dip. That would be like gold dipping to 700, roflmao.

it's really quite sad that you're getting your panties all twisted up desperately trying to discredit me when it has been clear that i, so far, made a good decision to sell all my silver and most of my gold last year and put it into Bitcoin. more and more ppl are coming around to this idea despite your continued trolling, and yes, attempts to throw Bitcoin under the bus. the statistics say it all.

personally i will continue to call this 3d pullback a dip if the price continues to recover as it seems to be doing and as i have called for. i didn't bat an eye throughout the whole dip b/c i know the fundamentals are still there and Bitcoin's future is bright. i don't get excited by these pullbacks like you.

I don't get excited. I saw this pullback clearly enuf to sell high.. Like you didn't. Sorry you missed it. But its more likley to go lower this week then higher... BTC=9.89 currently. You could still sell and rebuy later.. If you dare!! Wink

The Pirate party is over..

ok. we'll put that on record. you sold out and have not bought back in yet. so if it continues to rise you will be left behind and your trolling for silver and gold will get even more intense.

yes, i didn't sell one BTC. they're all in cold storage b/c i think we have a long way to go. this was but a flesh wound.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: silverbox on August 20, 2012, 07:34:33 PM

Quote from: cypherdoc on August 20, 2012, 06:54:10 PM

Quote from: silverbox on August 20, 2012, 06:44:31 PM

and where were you with your prediction for where it would fall too??

Oh wait.. Silent.. Noo, not silent, saying I was throwing BTC under the bus.. Kind of a like a ?? Bull.. When it was eating itself. and 55% is a crash, lol. Not a dip. That would be like gold dipping to 700, roflmao.

it's really quite sad that you're getting your panties all twisted up desperately trying to discredit me when it has been clear that i, so far, made a good decision to sell all my silver and most of my gold last year and put it into Bitcoin. more and more ppl are coming around to this idea despite your continued trolling, and yes, attempts to throw Bitcoin under the bus. the statistics say it all.

personally i will continue to call this 3d pullback a dip if the price continues to recover as it seems to be doing and as i have called for. i didn't bat an eye throughout the whole dip b/c i know the fundamentals are still there and Bitcoin's future is bright. i don't get excited by these pullbacks like you.

I don't get excited. I saw this pullback clearly enuf to sell high.. Like you didn't. Sorry you missed it. But its more likley to go lower this week then higher... BTC=9.89 currently. You could still sell and rebuy later.. If you dare!! Wink

The Pirate party is over..

Or is it...looks like bitlane is shouting threats in the service discussion forum.

silverbox

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Quote from: cypherdoc on August 20, 2012, 06:54:10 PM

Quote from: silverbox on August 20, 2012, 06:44:31 PM

and where were you with your prediction for where it would fall too??

Oh wait.. Silent.. Noo, not silent, saying I was throwing BTC under the bus.. Kind of a like a ?? Bull.. When it was eating itself. and 55% is a crash, lol. Not a dip. That would be like gold dipping to 700, roflmao.

it's really quite sad that you're getting your panties all twisted up desperately trying to discredit me when it has been clear that i, so far, made a good decision to sell all my silver and most of my gold last year and put it into Bitcoin. more and more ppl are coming around to this idea despite your continued trolling, and yes, attempts to throw Bitcoin under the bus. the statistics say it all.

personally i will continue to call this 3d pullback a dip if the price continues to recover as it seems to be doing and as i have called for. i didn't bat an eye throughout the whole dip b/c i know the fundamentals are still there and Bitcoin's future is bright. i don't get excited by these pullbacks like you.

I don't get excited. I saw this pullback clearly enuf to sell high.. Like you didn't. Sorry you missed it. But its more likley to go lower this week then higher... BTC=9.89 currently. You could still sell and rebuy later.. If you dare!! Wink

The Pirate party is over..

miscreanity

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Quote from: cypherdoc on August 20, 2012, 06:54:10 PM

personally i will continue to call this 3d pullback a dip if the price continues to recover as it seems to be doing and as i have called for. i didn't bat an eye throughout the whole dip b/c i know the fundamentals are still there and Bitcoin's future is bright. i don't get excited by these pullbacks like you.

It's just a dip no matter how low it goes... Pandora's box and all that.

You do get emotional when gold and silver dip

cypherdoc

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Quote from: tvbcof on August 20, 2012, 06:52:05 PM

Quote from: cypherdoc on August 20, 2012, 06:37:36 PM

Quote from: tvbcof on August 20, 2012, 06:19:20 PM

...
The fact that BTC had a bit of an explosion to $15 speaks volumes (to me) that is has very decent potential for high yield by any standards as a speculative investment/bet.
...

this is a good point. what also gave me confidence from the very of Bitcoin was the initial ramp to $32. there's a reason it took off like that even though it crashed subsequently.

I'm not the one who first pointed this out, but a birds-eye view of the price pasterns over the last two years do not really match the more typical scams. To me it seems to more align with a novel, interesting, and poorly understood opportunity which is evolving and still seeking a rational value point.

I actually don't buy the suggestion that traditional external event play to much of a role in BTC valuations. Nor that either Bitcoinica nor even the Pirate's thing have as much of an impact as a lot of people seem to think. The volatility (and for that matter, periods of stability) seem to me to be more or less explainable by the thinness of the market, the mysterious nature of the solution, and by it's continued success insofar as the base solution has not yet been broken.

we seem to be agreeing alot more these days. i too don't think that Pirate or other external events will effect the long term trajectory of Bitcoin. events like these possibly may move prices for a day or so but in the end they don't matter much. we were destined to get a pullback and this prediction seems to have been obvious to many of us no matter what type of analysis we were doing on the market.

Topic: Gold collapsing. Bitcoin UP. - page 1412. (Read 2032274 times)