Author

Topic: Gold collapsing. Bitcoin UP. - page 454. (Read 2032286 times)

legendary
Activity: 1764
Merit: 1002
March 21, 2015, 06:54:34 PM
Even if interest rates start to rise in a material fashion, which is unlikely anytime soon, the lack of counter-party risk will make digital gold irresistible for many looking to protect their savings.

http://www.forbes.com/sites/michaellingenheld/2015/03/18/bitcoin-and-gold-when-worlds-collide/?utm_content=buffere05e6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

GBI's website links to this article:

http://www.myfoxny.com/story/28296713/digital-gold

Whole thing seems unnecessary when BTC fits the bill just fine.  Cheesy


talk about lame:

"Singh says GBI is applying some of the innovative mechanisms of Bitcoin to gold, and you never know where it might go."
legendary
Activity: 2002
Merit: 1040
March 21, 2015, 06:38:49 PM
Even if interest rates start to rise in a material fashion, which is unlikely anytime soon, the lack of counter-party risk will make digital gold irresistible for many looking to protect their savings.

http://www.forbes.com/sites/michaellingenheld/2015/03/18/bitcoin-and-gold-when-worlds-collide/?utm_content=buffere05e6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

GBI's website links to this article:

http://www.myfoxny.com/story/28296713/digital-gold

Whole thing seems unnecessary when BTC fits the bill just fine.  Cheesy
legendary
Activity: 1764
Merit: 1002
March 21, 2015, 06:29:36 PM
 Even if interest rates start to rise in a material fashion, which is unlikely anytime soon, the lack of counter-party risk will make digital gold irresistible for many looking to protect their savings.

http://www.forbes.com/sites/michaellingenheld/2015/03/18/bitcoin-and-gold-when-worlds-collide/?utm_content=buffere05e6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
hero member
Activity: 530
Merit: 500
March 19, 2015, 06:04:20 PM
coins that are dumped now, are from the theft that will be exposed, realized, next month Smiley

people first experience stopped withdrawals,
that is because coins are already gone, and being dumped

so, after a month of no response from admins or whoever, scam gets out ,
and those coins are already sold

so , from this dump we can predict that next month (too) will be some kind of scam/theft revelation
legendary
Activity: 4760
Merit: 1283
March 19, 2015, 02:35:35 PM
Selling of coins in response to an exchange hack or theft is stupid as the hackers  are  more likely to hoard the coins for a long while than the traders who are  actively trading.

Unless those coins selling on exchange are themselves the hacked or stolen coins or are at least driving the liquidity.

Still as disruptive as this is I still see it as a long term positive for Bitcoin.

altho it's possible, it's hard to imagine the hackers/thieves would be able to sell all those coins on an exchange so quickly for fear of drawing unwanted attention.

Why would a thief give a fuck?  Has anyone ever gotten in trouble for stealing BTC through technical means (as opposed to, say, the pirate@40 way)?  If doing so is even 'illegal' in the first place, it is utterly trivial to obtain the necessary degree of plausible deniability to avoid formal legal hassles, and the mainstream legal and law enforcement systems demonstrably preclude pretty much all extra-judicial modes of enforcement.  As best I can tell at least.

One of the best reasons to have some pinnacle reserve base (hopefully Bitcoin) which not everyone uses directly is that those who do use it will be, by nature, more able to protect themselves.  This in and of itself would heavily mitigate the theft and fraud which is jaw-droppingly prevalent in the ecosystem, and which is perfectly understandable in a system which was originally designed to be stand-alone relative to state sponsored support.  An alternate solution which makes a lot of sense to a lot of people (because it is not inherently nonsense) is to just merge Bitcoin into the mainstream law enforcement systems which already exist.  I dis-favor this strategy.  Strongly.

legendary
Activity: 1764
Merit: 1002
March 19, 2015, 01:44:20 PM
sr. member
Activity: 379
Merit: 251
March 19, 2015, 11:58:01 AM
Selling of coins in response to an exchange hack or theft is stupid as the hackers  are  more likely to hoard the coins for a long while than the traders who are  actively trading.

Unless those coins selling on exchange are themselves the hacked or stolen coins or are at least driving the liquidity.

Still as disruptive as this is I still see it as a long term positive for Bitcoin.

altho it's possible, it's hard to imagine the hackers/thieves would be able to sell all those coins on an exchange so quickly for fear of drawing unwanted attention.
I assume they would sell them in small increments with many different accounts with proxies and such.
legendary
Activity: 1764
Merit: 1002
March 19, 2015, 11:34:37 AM
Selling of coins in response to an exchange hack or theft is stupid as the hackers  are  more likely to hoard the coins for a long while than the traders who are  actively trading.

Unless those coins selling on exchange are themselves the hacked or stolen coins or are at least driving the liquidity.

Still as disruptive as this is I still see it as a long term positive for Bitcoin.

altho it's possible, it's hard to imagine the hackers/thieves would be able to sell all those coins on an exchange so quickly for fear of drawing unwanted attention.
legendary
Activity: 1372
Merit: 1000
March 19, 2015, 11:28:38 AM
Selling of coins in response to an exchange hack or theft is stupid as the hackers  are  more likely to hoard the coins for a long while than the traders who are  actively trading.

Unless those coins selling on exchange are themselves the hacked or stolen coins or are at least driving the liquidity.

Still as disruptive as this is I still see it as a long term positive for Bitcoin.
legendary
Activity: 2044
Merit: 1005
March 19, 2015, 11:25:18 AM
Dow futures down another -58.

stock bulls need to be concerned.

Lol then you go quiet when it makes new highs

yep, and your hubris is exactly what we need to form tops.
Nope i didnt form an oppinion based on your post just commenting on the one you formed..alas you were were a good contrarian again.. Dow ends up 200... Were headed way up

considering stocks have gone sideways for 4 mo i wouldn't declare victory just yet.  if we get over 19000, i'll concede you're on to something.
Lol right.. Those that bought stocks are up over 20% even on ranging conditions can you think of how?

but at what risk?  sure, you got a lot of things going for you such as QE, plunge protection team, an overall system that can't risk taking it's foot off the pedal.  but if you think a 2008 can't happen again, i've got news for you; it can.  i'm lucky b/c i don't have to rely on risky investments like the stock mkt right now and i fully intend not to.  i'll make my money the old fashioned way by working hard, saving, and sitting on my coin.  it's just a matter of time.  but sure, these things can go on longer than anyone expects but i suspect we're getting close to the end.  we just have a different perspective.
Less risk than bitcoin ? Lol theres nowhere else to park billions of $ all other markets suck right now. I never said 2008 cant happen i know it will.. Not enough suckers yet.. Smart money still buying
i'd say we're already overextended:

http://www.yardeni.com/Pub/stmktbullbear.pdf
I dont..  Remember what I said before... We will top when there is euphoria..

the euphoria already exists in the investment crowd, ie, Wall Street as we can see from that Yardeni report.

the avg Joe isn't coming to the party.  the income growth is not there and they owe too much.  and new loans aren't forthcoming to them for speculation in stocks.  

plus, there's a new outlet for them; Bitcoin.
Hmm.. Well there is alot of household money waiting for rrsp and 401ks that still has to go in.. Theres no bag to hold for big boys to unload to.. They will keep ball rolling until total shit hits fan which i dont see right now.. Although in 2012 i did see 2015 as a possible year for it to unravel... I think if it doesnt happen this yr we will kick the can for a few until it breaks totally.

iirc, you're on record on us going to 30000.  given we've risen ~12000 off the bottom since 2008, at the same rate, we'd add the remaining 12000 over the next 7 years.  i doubt we last that long.
Most of the gains happen in the shortest period of time.. See bitcoin 260 or 11xx

you won't see moves like that in the stock mkt.  especially since we're 7 yrs into the bull.
The last 10 to 20% id say happens within a week or less.. Just guess
legendary
Activity: 3822
Merit: 5504
March 19, 2015, 11:22:42 AM
Selling of coins in response to an exchange hack or theft is stupid as the hackers  are  more likely to hoard the coins for a long while than the traders who are  actively trading.

No, please don't uncover the truth here.  Bitcoiners would like to rather believe that the sharp dump was definitely hackers/thieves from AnonMarketDuJour dumping, as opposed to just whale traders seizing (fudding?) on the opportunity of some negative news.   Wink
legendary
Activity: 1764
Merit: 1002
March 19, 2015, 09:29:00 AM
Selling of coins in response to an exchange hack or theft is stupid as the hackers  are  more likely to hoard the coins for a long while than the traders who are  actively trading.
legendary
Activity: 1764
Merit: 1002
March 19, 2015, 12:37:24 AM
Dow futures down another -58.

stock bulls need to be concerned.

Lol then you go quiet when it makes new highs

yep, and your hubris is exactly what we need to form tops.
Nope i didnt form an oppinion based on your post just commenting on the one you formed..alas you were were a good contrarian again.. Dow ends up 200... Were headed way up

considering stocks have gone sideways for 4 mo i wouldn't declare victory just yet.  if we get over 19000, i'll concede you're on to something.
Lol right.. Those that bought stocks are up over 20% even on ranging conditions can you think of how?

but at what risk?  sure, you got a lot of things going for you such as QE, plunge protection team, an overall system that can't risk taking it's foot off the pedal.  but if you think a 2008 can't happen again, i've got news for you; it can.  i'm lucky b/c i don't have to rely on risky investments like the stock mkt right now and i fully intend not to.  i'll make my money the old fashioned way by working hard, saving, and sitting on my coin.  it's just a matter of time.  but sure, these things can go on longer than anyone expects but i suspect we're getting close to the end.  we just have a different perspective.
Less risk than bitcoin ? Lol theres nowhere else to park billions of $ all other markets suck right now. I never said 2008 cant happen i know it will.. Not enough suckers yet.. Smart money still buying
i'd say we're already overextended:

http://www.yardeni.com/Pub/stmktbullbear.pdf
I dont..  Remember what I said before... We will top when there is euphoria..

the euphoria already exists in the investment crowd, ie, Wall Street as we can see from that Yardeni report.

the avg Joe isn't coming to the party.  the income growth is not there and they owe too much.  and new loans aren't forthcoming to them for speculation in stocks.  

plus, there's a new outlet for them; Bitcoin.
Hmm.. Well there is alot of household money waiting for rrsp and 401ks that still has to go in.. Theres no bag to hold for big boys to unload to.. They will keep ball rolling until total shit hits fan which i dont see right now.. Although in 2012 i did see 2015 as a possible year for it to unravel... I think if it doesnt happen this yr we will kick the can for a few until it breaks totally.

iirc, you're on record on us going to 30000.  given we've risen ~12000 off the bottom since 2008, at the same rate, we'd add the remaining 12000 over the next 7 years.  i doubt we last that long.
Most of the gains happen in the shortest period of time.. See bitcoin 260 or 11xx

you won't see moves like that in the stock mkt.  especially since we're 7 yrs into the bull.
legendary
Activity: 2044
Merit: 1005
March 18, 2015, 10:30:12 PM
Dow futures down another -58.

stock bulls need to be concerned.

Lol then you go quiet when it makes new highs

yep, and your hubris is exactly what we need to form tops.
Nope i didnt form an oppinion based on your post just commenting on the one you formed..alas you were were a good contrarian again.. Dow ends up 200... Were headed way up

considering stocks have gone sideways for 4 mo i wouldn't declare victory just yet.  if we get over 19000, i'll concede you're on to something.
Lol right.. Those that bought stocks are up over 20% even on ranging conditions can you think of how?

but at what risk?  sure, you got a lot of things going for you such as QE, plunge protection team, an overall system that can't risk taking it's foot off the pedal.  but if you think a 2008 can't happen again, i've got news for you; it can.  i'm lucky b/c i don't have to rely on risky investments like the stock mkt right now and i fully intend not to.  i'll make my money the old fashioned way by working hard, saving, and sitting on my coin.  it's just a matter of time.  but sure, these things can go on longer than anyone expects but i suspect we're getting close to the end.  we just have a different perspective.
Less risk than bitcoin ? Lol theres nowhere else to park billions of $ all other markets suck right now. I never said 2008 cant happen i know it will.. Not enough suckers yet.. Smart money still buying
i'd say we're already overextended:

http://www.yardeni.com/Pub/stmktbullbear.pdf
I dont..  Remember what I said before... We will top when there is euphoria..

the euphoria already exists in the investment crowd, ie, Wall Street as we can see from that Yardeni report.

the avg Joe isn't coming to the party.  the income growth is not there and they owe too much.  and new loans aren't forthcoming to them for speculation in stocks.  

plus, there's a new outlet for them; Bitcoin.
Hmm.. Well there is alot of household money waiting for rrsp and 401ks that still has to go in.. Theres no bag to hold for big boys to unload to.. They will keep ball rolling until total shit hits fan which i dont see right now.. Although in 2012 i did see 2015 as a possible year for it to unravel... I think if it doesnt happen this yr we will kick the can for a few until it breaks totally.

iirc, you're on record on us going to 30000.  given we've risen ~12000 off the bottom since 2008, at the same rate, we'd add the remaining 12000 over the next 7 years.  i doubt we last that long.
Most of the gains happen in the shortest period of time.. See bitcoin 260 or 11xx
legendary
Activity: 1764
Merit: 1002
March 18, 2015, 10:26:28 PM
Dow futures down another -58.

stock bulls need to be concerned.

Lol then you go quiet when it makes new highs

yep, and your hubris is exactly what we need to form tops.
Nope i didnt form an oppinion based on your post just commenting on the one you formed..alas you were were a good contrarian again.. Dow ends up 200... Were headed way up

considering stocks have gone sideways for 4 mo i wouldn't declare victory just yet.  if we get over 19000, i'll concede you're on to something.
Lol right.. Those that bought stocks are up over 20% even on ranging conditions can you think of how?

but at what risk?  sure, you got a lot of things going for you such as QE, plunge protection team, an overall system that can't risk taking it's foot off the pedal.  but if you think a 2008 can't happen again, i've got news for you; it can.  i'm lucky b/c i don't have to rely on risky investments like the stock mkt right now and i fully intend not to.  i'll make my money the old fashioned way by working hard, saving, and sitting on my coin.  it's just a matter of time.  but sure, these things can go on longer than anyone expects but i suspect we're getting close to the end.  we just have a different perspective.
Less risk than bitcoin ? Lol theres nowhere else to park billions of $ all other markets suck right now. I never said 2008 cant happen i know it will.. Not enough suckers yet.. Smart money still buying
i'd say we're already overextended:

http://www.yardeni.com/Pub/stmktbullbear.pdf
I dont..  Remember what I said before... We will top when there is euphoria..

the euphoria already exists in the investment crowd, ie, Wall Street as we can see from that Yardeni report.

the avg Joe isn't coming to the party.  the income growth is not there and they owe too much.  and new loans aren't forthcoming to them for speculation in stocks.  

plus, there's a new outlet for them; Bitcoin.
Hmm.. Well there is alot of household money waiting for rrsp and 401ks that still has to go in.. Theres no bag to hold for big boys to unload to.. They will keep ball rolling until total shit hits fan which i dont see right now.. Although in 2012 i did see 2015 as a possible year for it to unravel... I think if it doesnt happen this yr we will kick the can for a few until it breaks totally.

iirc, you're on record on us going to 30000.  given we've risen ~12000 off the bottom since 2008, at the same rate, we'd add the remaining 12000 over the next 7 years.  i doubt we last that long.
legendary
Activity: 2044
Merit: 1005
March 18, 2015, 10:14:27 PM
Dow futures down another -58.

stock bulls need to be concerned.

Lol then you go quiet when it makes new highs

yep, and your hubris is exactly what we need to form tops.
Nope i didnt form an oppinion based on your post just commenting on the one you formed..alas you were were a good contrarian again.. Dow ends up 200... Were headed way up

considering stocks have gone sideways for 4 mo i wouldn't declare victory just yet.  if we get over 19000, i'll concede you're on to something.
Lol right.. Those that bought stocks are up over 20% even on ranging conditions can you think of how?

but at what risk?  sure, you got a lot of things going for you such as QE, plunge protection team, an overall system that can't risk taking it's foot off the pedal.  but if you think a 2008 can't happen again, i've got news for you; it can.  i'm lucky b/c i don't have to rely on risky investments like the stock mkt right now and i fully intend not to.  i'll make my money the old fashioned way by working hard, saving, and sitting on my coin.  it's just a matter of time.  but sure, these things can go on longer than anyone expects but i suspect we're getting close to the end.  we just have a different perspective.
Less risk than bitcoin ? Lol theres nowhere else to park billions of $ all other markets suck right now. I never said 2008 cant happen i know it will.. Not enough suckers yet.. Smart money still buying
i'd say we're already overextended:

http://www.yardeni.com/Pub/stmktbullbear.pdf
I dont..  Remember what I said before... We will top when there is euphoria..

the euphoria already exists in the investment crowd, ie, Wall Street as we can see from that Yardeni report.

the avg Joe isn't coming to the party.  the income growth is not there and they owe too much.  and new loans aren't forthcoming to them for speculation in stocks.  

plus, there's a new outlet for them; Bitcoin.
Hmm.. Well there is alot of household money waiting for rrsp and 401ks that still has to go in.. Theres no bag to hold for big boys to unload to.. They will keep ball rolling until total shit hits fan which i dont see right now.. Although in 2012 i did see 2015 as a possible year for it to unravel... I think if it doesnt happen this yr we will kick the can for a few until it breaks totally.
legendary
Activity: 1764
Merit: 1002
March 18, 2015, 10:05:07 PM
Dow futures down another -58.

stock bulls need to be concerned.

Lol then you go quiet when it makes new highs

yep, and your hubris is exactly what we need to form tops.
Nope i didnt form an oppinion based on your post just commenting on the one you formed..alas you were were a good contrarian again.. Dow ends up 200... Were headed way up

considering stocks have gone sideways for 4 mo i wouldn't declare victory just yet.  if we get over 19000, i'll concede you're on to something.
Lol right.. Those that bought stocks are up over 20% even on ranging conditions can you think of how?

but at what risk?  sure, you got a lot of things going for you such as QE, plunge protection team, an overall system that can't risk taking it's foot off the pedal.  but if you think a 2008 can't happen again, i've got news for you; it can.  i'm lucky b/c i don't have to rely on risky investments like the stock mkt right now and i fully intend not to.  i'll make my money the old fashioned way by working hard, saving, and sitting on my coin.  it's just a matter of time.  but sure, these things can go on longer than anyone expects but i suspect we're getting close to the end.  we just have a different perspective.
Less risk than bitcoin ? Lol theres nowhere else to park billions of $ all other markets suck right now. I never said 2008 cant happen i know it will.. Not enough suckers yet.. Smart money still buying

i'd say we're already overextended:

http://www.yardeni.com/Pub/stmktbullbear.pdf
I dont..  Remember what I said before... We will top when there is euphoria..

the euphoria already exists in the investment crowd, ie, Wall Street as we can see from that Yardeni report.

the avg Joe isn't coming to the party.  the income growth is not there and they owe too much.  and new loans aren't forthcoming to them for speculation in stocks. 

plus, there's a new outlet for them; Bitcoin.
legendary
Activity: 2044
Merit: 1005
March 18, 2015, 09:56:58 PM
Dow futures down another -58.

stock bulls need to be concerned.

Lol then you go quiet when it makes new highs

yep, and your hubris is exactly what we need to form tops.
Nope i didnt form an oppinion based on your post just commenting on the one you formed..alas you were were a good contrarian again.. Dow ends up 200... Were headed way up

considering stocks have gone sideways for 4 mo i wouldn't declare victory just yet.  if we get over 19000, i'll concede you're on to something.
Lol right.. Those that bought stocks are up over 20% even on ranging conditions can you think of how?

but at what risk?  sure, you got a lot of things going for you such as QE, plunge protection team, an overall system that can't risk taking it's foot off the pedal.  but if you think a 2008 can't happen again, i've got news for you; it can.  i'm lucky b/c i don't have to rely on risky investments like the stock mkt right now and i fully intend not to.  i'll make my money the old fashioned way by working hard, saving, and sitting on my coin.  it's just a matter of time.  but sure, these things can go on longer than anyone expects but i suspect we're getting close to the end.  we just have a different perspective.
Less risk than bitcoin ? Lol theres nowhere else to park billions of $ all other markets suck right now. I never said 2008 cant happen i know it will.. Not enough suckers yet.. Smart money still buying

i'd say we're already overextended:

http://www.yardeni.com/Pub/stmktbullbear.pdf
I dont..  Remember what I said before... We will top when there is euphoria..
legendary
Activity: 1764
Merit: 1002
March 18, 2015, 09:50:07 PM
Dow futures down another -58.

stock bulls need to be concerned.

Lol then you go quiet when it makes new highs

yep, and your hubris is exactly what we need to form tops.
Nope i didnt form an oppinion based on your post just commenting on the one you formed..alas you were were a good contrarian again.. Dow ends up 200... Were headed way up

considering stocks have gone sideways for 4 mo i wouldn't declare victory just yet.  if we get over 19000, i'll concede you're on to something.
Lol right.. Those that bought stocks are up over 20% even on ranging conditions can you think of how?

but at what risk?  sure, you got a lot of things going for you such as QE, plunge protection team, an overall system that can't risk taking it's foot off the pedal.  but if you think a 2008 can't happen again, i've got news for you; it can.  i'm lucky b/c i don't have to rely on risky investments like the stock mkt right now and i fully intend not to.  i'll make my money the old fashioned way by working hard, saving, and sitting on my coin.  it's just a matter of time.  but sure, these things can go on longer than anyone expects but i suspect we're getting close to the end.  we just have a different perspective.
Less risk than bitcoin ? Lol theres nowhere else to park billions of $ all other markets suck right now. I never said 2008 cant happen i know it will.. Not enough suckers yet.. Smart money still buying

i'd say we're already overextended:

http://www.yardeni.com/Pub/stmktbullbear.pdf
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