Author

Topic: Gold collapsing. Bitcoin UP. - page 1420. (Read 2032272 times)

legendary
Activity: 4760
Merit: 1283
August 10, 2012, 04:27:33 PM

i bought my first batch the Saturday of Easter weekend last year @ $1.60.  wasted about 2mo prior dicking around on OTC trying to buy but not knowing what i was doing with that.  i then started selling silver in May which silverbox can't ever seem to get straight.

I got interested sometime at the end of 2010 or begining of 2011.  Even downloaded the source code (which is a prerequisite for most any software I'm interested in and think I may need to trust.)  The driving force was a desire to help fund something I thought was worthwhile.  Maybe wikileaks, but I don't fully remember.

Alas, my attention shifted to finding and buying some property which finished up in like June 2011, then I got re-interested Bitcoin.  By the time if figured out the ins and outs of obtaining Bitcoin it was down to around $16 from it's $32 highs.

Thankfully we all got another chance to get our foots in the door on the way down to $2, and I inserted my foot and a portion of my lower leg.  More than I anticipated.

Not sure what a 'DCA' is and am to lazy to look, but I suspect from the context it is the break even point.  For me it's around $6/BTC.  Looking forward to hearing from my dear friend cypherdoc on this (but would fully understand his or anyone else's reluctance to share such details as it is not a good idea to do so for any number of reasons.)

legendary
Activity: 1764
Merit: 1002
August 10, 2012, 04:12:20 PM
this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 8/10

Bitcoin 11.32 (up ~110%)

Gold 1620  (down ~4%)

BTC is double digits! , Gold is inching back to parity (It's collapsing upwards!!, its a slow reverse collapse Wink).  BTC is outperforming gold.


GPL 1.71  (Silver lg  @ 1.98)

Cypher you could disclose a new starting point if you like, since your GLD short did so well Wink


as did my miner shorts which did really well.  how are your miner longs doing?  oh yeah, GPL -13% and your other miners worse. Wink

How bout those BTC you bought for 20+ with your silver proceeds Wink

how many times do i have to tell you it wasn't a simultaneous 1 for 1 exchange.  USD's are fungible you know and i accumulated much of my BTC before it reached $20 with other USD's.  why can't you understand that?  nice try.  keep trying.  Wink

You bought bitcoins below $20 before the last ramp?

i bought my first batch the Saturday of Easter weekend last year @ $1.60.  wasted about 2mo prior dicking around on OTC trying to buy but not knowing what i was doing with that.  i then started selling silver in May which silverbox can't ever seem to get straight.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
August 10, 2012, 03:44:22 PM
this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 8/10

Bitcoin 11.32 (up ~110%)

Gold 1620  (down ~4%)

BTC is double digits! , Gold is inching back to parity (It's collapsing upwards!!, its a slow reverse collapse Wink).  BTC is outperforming gold.


GPL 1.71  (Silver lg  @ 1.98)

Cypher you could disclose a new starting point if you like, since your GLD short did so well Wink


as did my miner shorts which did really well.  how are your miner longs doing?  oh yeah, GPL -13% and your other miners worse. Wink

How bout those BTC you bought for 20+ with your silver proceeds Wink

how many times do i have to tell you it wasn't a simultaneous 1 for 1 exchange.  USD's are fungible you know and i accumulated much of my BTC before it reached $20 with other USD's.  why can't you understand that?  nice try.  keep trying.  Wink

You bought bitcoins below $20 before the last ramp?
legendary
Activity: 1316
Merit: 1005
August 10, 2012, 02:48:58 PM
how many times do i have to tell you it wasn't a simultaneous 1 for 1 exchange.  USD's are fungible you know and i accumulated much of my BTC before it reached $20 with other USD's.  why can't you understand that?  nice try.  keep trying.  Wink

Then what's your DCA?  Tongue
legendary
Activity: 1764
Merit: 1002
August 10, 2012, 02:44:42 PM
this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 8/10

Bitcoin 11.32 (up ~110%)

Gold 1620  (down ~4%)

BTC is double digits! , Gold is inching back to parity (It's collapsing upwards!!, its a slow reverse collapse Wink).  BTC is outperforming gold.


GPL 1.71  (Silver lg  @ 1.98)

Cypher you could disclose a new starting point if you like, since your GLD short did so well Wink


as did my miner shorts which did really well.  how are your miner longs doing?  oh yeah, GPL -13% and your other miners worse. Wink

How bout those BTC you bought for 20+ with your silver proceeds Wink

how many times do i have to tell you it wasn't a simultaneous 1 for 1 exchange.  USD's are fungible you know and i accumulated much of my BTC before it reached $20 with other USD's.  why can't you understand that?  nice try.  keep trying.  Wink
legendary
Activity: 966
Merit: 1003
August 10, 2012, 02:42:19 PM
this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 8/10

Bitcoin 11.32 (up ~110%)

Gold 1620  (down ~4%)

BTC is double digits! , Gold is inching back to parity (It's collapsing upwards!!, its a slow reverse collapse Wink).  BTC is outperforming gold.


GPL 1.71  (Silver lg  @ 1.98)

Cypher you could disclose a new starting point if you like, since your GLD short did so well Wink


as did my miner shorts which did really well.  how are your miner longs doing?  oh yeah, GPL -13% and your other miners worse. Wink

How bout those BTC you bought for 20+ with your silver proceeds Wink
legendary
Activity: 1764
Merit: 1002
August 10, 2012, 02:37:54 PM
this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 8/10

Bitcoin 11.32 (up ~110%)

Gold 1620  (down ~4%)

BTC is double digits! , Gold is inching back to parity (It's collapsing upwards!!, its a slow reverse collapse Wink).  BTC is outperforming gold.


GPL 1.71  (Silver lg  @ 1.98)

Cypher you could disclose a new starting point if you like, since your GLD short did so well Wink

as did my miner shorts which did really well.  how are your miner longs doing?  oh yeah, GPL -13% and your other miners worse. Wink
legendary
Activity: 966
Merit: 1003
August 10, 2012, 02:35:25 PM
this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 8/10

Bitcoin 11.32 (up ~110%)

Gold 1620  (down ~4%)

BTC is double digits! , Gold is inching back to parity (It's collapsing upwards!!, it's a slow reverse collapse Wink).  BTC is outperforming gold.


GPL 1.71  (Silver lg  @ 1.98)

Cypher you could disclose a new starting point if you like, since your GLD short did so well Wink
legendary
Activity: 1764
Merit: 1002
August 10, 2012, 11:10:46 AM
hey silverbox, we need an update!!!  don't forget to include GPL!!!  Wink
legendary
Activity: 1764
Merit: 1002
August 10, 2012, 10:42:12 AM
looks like the pennybot is desperately trying to keep the price down.   resistance is futile.

Yup it just keeps inching its way up!!  (gold that is Wink)

what about silver, silverbox?  Wink
legendary
Activity: 966
Merit: 1003
August 10, 2012, 10:11:31 AM
looks like the pennybot is desperately trying to keep the price down.   resistance is futile.

Yup it just keeps inching its way up!!  (gold that is Wink)
legendary
Activity: 1764
Merit: 1002
August 10, 2012, 12:33:03 AM
looks like the pennybot is desperately trying to keep the price down.   resistance is futile.
hero member
Activity: 486
Merit: 500
August 09, 2012, 01:13:55 PM
Well the fed is a private company, if people only knew im sure almost everyone would have some bitcoins  Grin
legendary
Activity: 1764
Merit: 1002
August 09, 2012, 01:11:34 PM

watched your video.  made me want to vomit.  that Fed repo news has been out for a few days and yes markets responded.  but will it work in the long run?  NO
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
August 09, 2012, 01:08:30 PM
There are some signs that central banksters (and therefore their minion banksters too) may now stop to short gold:

Whether it's up or down, central banks are manipulating markets in secret
http://gata.org/node/11645

GET READY FOR THE GOLD REBOUND BEFORE IT IS TOO LATE: MARSHALL AUERBACK
http://www.theaureport.com/pub/na/14066

If this happens, a price shoot out of the solar system may be in the cards

legendary
Activity: 1246
Merit: 1010
August 09, 2012, 12:44:55 PM
No formal announcement of QE3 but backdoor method that the Fed has started to monetize the debt  Shocked Gold has not catched up to this stealth QE3...

can you post an article... thx!
legendary
Activity: 4760
Merit: 1283
August 09, 2012, 10:48:17 AM
I agree...but I'm speaking in terms of what you can buy physical metal for. I see people getting spooked out of their PM position and selling to get cash. Of course the smart money will hold.

A mechanism which could separate me from some of my physical under a severe downturn situation could be that I'm bargain hunting for other assets or services.  While I've diversified some ('all in' from 2002->2010-ish) I am still probably a bit heavy in PM's but that's because very little has come along which shares some of the more important counter-party risk aspects of physical PM's.  Bitcoin is one of the few.

legendary
Activity: 1764
Merit: 1002
August 09, 2012, 10:13:04 AM
The Daaash for Digital Caaash!  Cheesy
hero member
Activity: 486
Merit: 500
August 09, 2012, 08:05:00 AM
No formal announcement of QE3 but backdoor method that the Fed has started to monetize the debt  Shocked Gold has not catched up to this stealth QE3...
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