Topic: Gold collapsing. Bitcoin UP. - page 472. (Read 2032291 times)
Antonopoulos is out of his mind suggesting the current hashing power of the network is enough to secure a $1T Bitcoin market cap
Gold will exist in 20 years, BTC not sure
But what will the value of gold be in 20 years?
I'm waiting for this http://en.wikipedia.org/wiki/Geomagnetic_reversal to happen anytime, it's overdue and should erase all electronic data on Earth. Time to take a BTC backup to a paperwallet. But.. wait..
yeah, it's funny.
i've had an order sitting @269 for almost 24h & the d*mn market just won't come down & grab it...
i've had an order sitting @269 for almost 24h & the d*mn market just won't come down & grab it...
...
I still think the dollar will be sacrificed in the end to preserve the UST market ala Japan.
...
I still think the dollar will be sacrificed in the end to preserve the UST market ala Japan.
...
Buy *all* the bonds!
Shucks. I was sure you were going to go for it.
Actually Bill Bonner agrees with you. He also threw in a plug for Bitcoin. I'm sure that has to do with that sub writer of his that writes for the Daily Reckoning.
I still think the dollar will be sacrificed in the end to preserve the UST market ala Japan. We'll see :
http://moneyweek.com/bill-bonner-interview/
Well, if you foresee the JPY way for the dollar, then here is the long term chart for gold: http://goldprice.org/gold-price-japan.htmlActually Bill Bonner agrees with you. He also threw in a plug for Bitcoin. I'm sure that has to do with that sub writer of his that writes for the Daily Reckoning.
I still think the dollar will be sacrificed in the end to preserve the UST market ala Japan. We'll see :
http://moneyweek.com/bill-bonner-interview/
Take 20 year chart, for example. Not looking bad for gold, to be honest.
As for the Bitcoin, I repeat what I wrote earlier, too little market cap to be of any significance for the dollar. As soon as it becomes big enough, watch the gold story to repeat. Rinse and repeat.
that is the price of paper gold, which in the end is just worth as much as the paper on which it is written.
Probably twenty other entities have the claim to the same piece of gold, so in the big scheme of the things this price should tend to zero.
Probably twenty other entities have the claim to the same piece of gold, so in the big scheme of the things this price should tend to zero.
I agree with you. I think without all that manipulation, gold would be at $30000/oz.
I have a few extra ounces lying around that I'd like to sell you for 50% off, or $15000/oz. I'm sure you'll agree that's a spectacular deal and would be anxious to take them off my hands. PM me and I'll hand deliver them to you asap.
Don't think $30k per oz of gold is realistic, either.
Oh, and one more thing. Have a look at gold vs. € chart, to see that gold is not doing that bad as you think. Do the same for JPY vs. gold and GBP vs. gold. It is the dollar-king game.
Shucks. I was sure you were going to go for it.
Actually Bill Bonner agrees with you. He also threw in a plug for Bitcoin. I'm sure that has to do with that sub writer of his that writes for the Daily Reckoning.
I still think the dollar will be sacrificed in the end to preserve the UST market ala Japan. We'll see :
http://moneyweek.com/bill-bonner-interview/
that is the price of paper gold, which in the end is just worth as much as the paper on which it is written.
Probably twenty other entities have the claim to the same piece of gold, so in the big scheme of the things this price should tend to zero.
Probably twenty other entities have the claim to the same piece of gold, so in the big scheme of the things this price should tend to zero.
I agree with you. I think without all that manipulation, gold would be at $30000/oz.
I have a few extra ounces lying around that I'd like to sell you for 50% off, or $15000/oz. I'm sure you'll agree that's a spectacular deal and would be anxious to take them off my hands. PM me and I'll hand deliver them to you asap.
Don't think $30k per oz of gold is realistic, either.
Oh, and one more thing. Have a look at gold vs. € chart, to see that gold is not doing that bad as you think. Do the same for JPY vs. gold and GBP vs. gold. It is the dollar-king game.
on our way to new lows. that looks glorious:
-snip-
that is the price of paper gold, which in the end is just worth as much as the paper on which it is written.-snip-
Probably twenty other entities have the claim to the same piece of gold, so in the big scheme of the things this price should tend to zero.
I agree with you. I think without all that manipulation, gold would be at $30000/oz.
I have a few extra ounces lying around that I'd like to sell you for 50% off, or $15000/oz. I'm sure you'll agree that's a spectacular deal and would be anxious to take them off my hands. PM me and I'll hand deliver them to you asap.
on our way to new lows. that looks glorious:
-snip-
that is the price of paper gold, which in the end is just worth as much as the paper on which it is written.-snip-
Probably twenty other entities have the claim to the same piece of gold, so in the big scheme of the things this price should tend to zero.
on our way to new lows. that looks glorious:
Gold will exist in 20 years, BTC not sure
But what will the value of gold be in 20 years?
The immutable value of shiny gold in 20 years will be the same as 1000 or 2000 years ago.
It will get you food, clothing, shelter, and intimate companionship.
Gold is proof of work, being born in a quasar or other extreme cosmic event.
SHA256 and ECC will be broken and forgotten long before we can duplicate the power of a supernova.
Gold will exist in 20 years, BTC not sure
But what will the value of gold be in 20 years?
Gold getting smashed. And rightfully so.
Welcome to the Age of Bitcoin.
I am afraid gold and Bitcoin are on the same side of barricade. The wrong one. The one against dollar. Welcome to the Age of Bitcoin.
Dollar is painted as the king, thus gold must be smashed, this time on the job report. and no matter the results from the previous month were corrected - lowered by 30 thousands. Show must go on, let's kick the can further.
As soon as Bitcoin emerges as a real alternative to the dollar (which is very far from, atm), expect the same. Rinse and repeat.
Gold is not doing bad in EUR
And keep in mind gold has done great over 20 years, when there was no Bitcoin
Gold will exist in 20 years, BTC not sure
Major reason for gold weakness is: MANIPULATION VIA PAPER GOLD
90+% of gold transactions is paper gold, futures etc; gold is created from thin air via paper certificates and sold short....the papers can never be redeemed for real gold just fiat money, therefore this can be done in an unlimited amount
Now with BTC this is impossible, because no paper BTC exist, cannot exist due to limited amount and deflationary behaviour
BTC and Gold both deserve to exist but not fiat money
And keep in mind gold has done great over 20 years, when there was no Bitcoin
Gold will exist in 20 years, BTC not sure
Major reason for gold weakness is: MANIPULATION VIA PAPER GOLD
90+% of gold transactions is paper gold, futures etc; gold is created from thin air via paper certificates and sold short....the papers can never be redeemed for real gold just fiat money, therefore this can be done in an unlimited amount
Now with BTC this is impossible, because no paper BTC exist, cannot exist due to limited amount and deflationary behaviour
BTC and Gold both deserve to exist but not fiat money
Well then shouldn't we do away with gold entirely since it is so easily gamed?
Gold will exist in 20 years, BTC not sure
But what will the value of gold be in 20 years?
Gold is not doing bad in EUR
And keep in mind gold has done great over 20 years, when there was no Bitcoin
Gold will exist in 20 years, BTC not sure
Major reason for gold weakness is: MANIPULATION VIA PAPER GOLD
90+% of gold transactions is paper gold, futures etc; gold is created from thin air via paper certificates and sold short....the papers can never be redeemed for real gold just fiat money, therefore this can be done in an unlimited amount
Now with BTC this is impossible, because no paper BTC exist, cannot exist due to limited amount and deflationary behaviour
BTC and Gold both deserve to exist but not fiat money
And keep in mind gold has done great over 20 years, when there was no Bitcoin
Gold will exist in 20 years, BTC not sure
Major reason for gold weakness is: MANIPULATION VIA PAPER GOLD
90+% of gold transactions is paper gold, futures etc; gold is created from thin air via paper certificates and sold short....the papers can never be redeemed for real gold just fiat money, therefore this can be done in an unlimited amount
Now with BTC this is impossible, because no paper BTC exist, cannot exist due to limited amount and deflationary behaviour
BTC and Gold both deserve to exist but not fiat money
This chart is highly missleading. Why did you choose such an arbitrary zoom?
It is like you are implying that all people bought at exactly 900 USD.
Because troll.
We should use bitcoin, amazing store of value for the average joe.
This chart is highly missleading. Why did you choose such an arbitrary zoom?
It is like you are implying that all people bought at exactly 900 USD.
We should use bitcoin, amazing store of value for the average joe.
Sigh
We should use bitcoin, amazing store of value for the average joe.
http://media.gotraffic.net/images/ixkhK3oLG4ZE/v38/-1x-1.jpg
http://media.gotraffic.net/images/ixkhK3oLG4ZE/v38/-1x-1.jpg
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