Gold collapsing. Bitcoin UP. - page 884.

rocks

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Quote from: Melbustus on October 08, 2014, 12:43:04 AM

Quote from: FNG on October 07, 2014, 08:34:37 PM

Quote from: vuduchyld on October 07, 2014, 07:57:50 PM

Quote from: FNG on October 07, 2014, 07:52:21 PM

https://cdn.panteracapital.com/wp-content/uploads/Bitcoin-vs-Gold.pdf

I love Bitcoin, but it seems they might love it even more than I do. Wow.

Edit: market cap potential of $75 trillion? I think the S&P 500 passed $15 trillion last year, which would still put it at probably less than $17 trillion in cap.

$4,291,060 per coin

and they call me bullish

Grin

Heh. Yeah, weird when a price-per-bitcoin target in a research report about bitcoin-vs-gold gets people in *this* thread to say "uhhh....that's just too bullish". Myself included.

Wow, they're essentially saying if bitcoin became the future reserve monetary asset globally, replacing all currencies and all gold, then it's valuation would be the sum total of all gold and worldwide M2 monetary supply, which comes to $4.2M per coin.

Even _if_ this happens (and that's a big if because there will always be holdout countries and gold bugs who refuse to join the bandwagon), their $4.2 valuation still probably greatly overshoots for a variety of reasons. For example in a true sound money system that lacks CB bailouts the total M2-to-RealGDP ratio would probably be much lower than today due to lower leverage and significantly lower fractionalization by whatever banks exist then.

tabnloz

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Rickards latest:

Deflation. Everything down including gold because of strong USD (similar to what has been suggested in this thread)

Increase in USD was in part planned, to help struggling EUR, JPY; problem being that US economy not as strong as thought.

Dollar will fall Mar - Jun 2015 as people realise US recovery is not real.

It will be interesting to see if bitcoin can decouple from the downtrend while everything else continues down in the face of USD strength.

Melbustus

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Quote from: FNG on October 07, 2014, 08:34:37 PM

Quote from: vuduchyld on October 07, 2014, 07:57:50 PM

Quote from: FNG on October 07, 2014, 07:52:21 PM

https://cdn.panteracapital.com/wp-content/uploads/Bitcoin-vs-Gold.pdf

I love Bitcoin, but it seems they might love it even more than I do. Wow.

Edit: market cap potential of $75 trillion? I think the S&P 500 passed $15 trillion last year, which would still put it at probably less than $17 trillion in cap.

$4,291,060 per coin

and they call me bullish

Grin

Heh. Yeah, weird when a price-per-bitcoin target in a research report about bitcoin-vs-gold gets people in *this* thread to say "uhhh....that's just too bullish". Myself included.

cypherdoc

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Quote from: ?? on ??

Lately its been gold down AND bitcoin, do you see it decoupling soon?

i do

cypherdoc

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this is messed up man; oil going off the cliff after hours. notice how we've slid off the mountain, breaking support and are in freefall essentially in the 3y daily chart:

Adrian-x

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Quote from: fewcoins on October 07, 2014, 07:15:08 PM

Quote from: BlindMayorBitcorn on October 07, 2014, 06:03:22 PM

Quote from: Adrian-x on October 07, 2014, 02:12:35 PM

Quote from: Melbustus on October 07, 2014, 01:45:26 PM

Quote from: cypherdoc on October 07, 2014, 12:11:21 PM

nice graph from Pantera. Bitcoin continuing to gain on altscams:

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf

This is my new favorite chart.

you see that dip in march, that's my alt portfolio right there. (not my volume, just the following depreciation)

I'm thinking the same thing is going to happen during the next run up.

This is legitimately good news. I hate altscams

Very true... Everyone is realizing alt coins are a scam anyway. If we just all stuck to BTC I bet the price would be a lot higher & it would have way more attention from the media and others in the financial industry

Bitcoin has an inelastic supply, if you think about that in a typically adoption curve the first adopters are you're technically literate consumers they are the ones who know and do as opposed to follow. Now given Bitcoin also has limited space for technically literate innovators one would expect some way to contribute.

What the alt coin development cycle represents is Bitcoin's still in the innovation stage of the adoption cycle.

While I have made mistakes what happened on a technical level is many new innovations who developed altcoins exchanged them for Bitcoin. The net result is Bitcoin distributing to the innovators in the adoption cycle.

So it's good news for Bitcoin and typically one would see all stages of the adoption cycle happen in alts (driven by Bitcoin's cycle)

Ultimately one needs to learn that it's about Bitcoin while alts may outshine Bitcoin during the growth spurts they will crash hard, and most will not profit from this the big oporunity.

cypherdoc

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this is really not good for pm's:

and my trusty leading royalty trust just broke an even longer term trend line:

cypherdoc

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Quote from: tvbcof on October 07, 2014, 08:06:50 PM

Quote from: cypherdoc on October 07, 2014, 07:29:52 PM

Quote from: Dotto on October 07, 2014, 06:44:54 PM

Recently discovered this thread to be the most interesting and meaningful in the forum. Nice signal to noise ratio.

Thanks Cypher&Co. Wink

but you have to promise to allow me to get into the occasional food fight with the trolls. they are what give me my inspiration.

Dude, don't fool yourself; you are one of the biggest trolls around. Some of my favorite people on this site are inveterate trolls. And some of those who are the most relevant and worth paying attention to I might add. You being one of them for sure.

from you, i'll take that as a compliment.

King Agamemnon

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Lol... I think its now Gold down, Bitcoin down.. Grin

STT

legendary

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1 million will buy a standard mustang at that time. Much like that poster from 1929 where he sells a brand new car for $100, it was alot to carry at that time

FNG

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Quote from: vuduchyld on October 07, 2014, 07:57:50 PM

Quote from: FNG on October 07, 2014, 07:52:21 PM

https://cdn.panteracapital.com/wp-content/uploads/Bitcoin-vs-Gold.pdf

I love Bitcoin, but it seems they might love it even more than I do. Wow.

Edit: market cap potential of $75 trillion? I think the S&P 500 passed $15 trillion last year, which would still put it at probably less than $17 trillion in cap.

$4,291,060 per coin

and they call me bullish

Grin

STT

legendary

Activity: 4102

Merit: 1454

Quote

the response can only be massive default on our historical levels of debt. Either honestly through default or dishonestly through significantly more monetary inflation.

Not a surprising result of 17tn debt would be default but I think the majority of losses will be inflation and thats the reason dollar will fall from its perch as #1 currency as its just not reliable. This isnt something that will happen, it already has; by the amount of new money issued via bonds but hasnt been used or circulated yet.

Its not something I want but it seems to be a given and a plain straight default would be honest, straightforward and comply with capitalism as we've known it for hundreds of years so that wont be it. They'll try to continue with their new paradigm, the modern day genius which has given us the actions so far. It'll keep going like the pedal to metal like you say, until that thing runs out of oil, grinds to a halt, engine cant turn no more then they'll get out hands up wondering what went wrong with such a sound strategy.

Speculation then says alternatives like bitcoin or gold do well but it might just be Australian dollar or something used by the biggest creditors like China. It probably wont be Yen, they'll not step away in time and already have their own problems

BlindMayorBitcorn

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"At least it ain't double digits yet"

megadeth

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bagholder since 2013

Quote from: tvbcof on October 07, 2014, 08:06:50 PM

Quote from: cypherdoc on October 07, 2014, 07:29:52 PM

Quote from: Dotto on October 07, 2014, 06:44:54 PM

Recently discovered this thread to be the most interesting and meaningful in the forum. Nice signal to noise ratio.

Thanks Cypher&Co. Wink

but you have to promise to allow me to get into the occasional food fight with the trolls. they are what give me my inspiration.

Dude, don't fool yourself; you are one of the biggest trolls around. Some of my favorite people on this site are inveterate trolls. And some of those who are the most relevant and worth paying attention to I might add. You being one of them for sure.

tvbcof and cypher

tvbcof

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Quote from: cypherdoc on October 07, 2014, 07:29:52 PM

Quote from: Dotto on October 07, 2014, 06:44:54 PM

Recently discovered this thread to be the most interesting and meaningful in the forum. Nice signal to noise ratio.

Thanks Cypher&Co. Wink

but you have to promise to allow me to get into the occasional food fight with the trolls. they are what give me my inspiration.

Dude, don't fool yourself; you are one of the biggest trolls around. Some of my favorite people on this site are inveterate trolls. And some of those who are the most relevant and worth paying attention to I might add. You being one of them for sure.

vuduchyld

sr. member

Activity: 364

Merit: 250

Quote from: FNG on October 07, 2014, 07:52:21 PM

https://cdn.panteracapital.com/wp-content/uploads/Bitcoin-vs-Gold.pdf

I love Bitcoin, but it seems they might love it even more than I do. Wow.

Edit: market cap potential of $75 trillion? I think the S&P 500 passed $15 trillion last year, which would still put it at probably less than $17 trillion in cap.

FNG

hero member

Activity: 588

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https://cdn.panteracapital.com/wp-content/uploads/Bitcoin-vs-Gold.pdf

cypherdoc

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Quote from: Dotto on October 07, 2014, 06:44:54 PM

Recently discovered this thread to be the most interesting and meaningful in the forum. Nice signal to noise ratio.

Thanks Cypher&Co. Wink

but you have to promise to allow me to get into the occasional food fight with the trolls. they are what give me my inspiration.

fewcoins

full member

Activity: 126

Merit: 100

Quote from: BlindMayorBitcorn on October 07, 2014, 06:03:22 PM

Quote from: Adrian-x on October 07, 2014, 02:12:35 PM

Quote from: Melbustus on October 07, 2014, 01:45:26 PM

Quote from: cypherdoc on October 07, 2014, 12:11:21 PM

nice graph from Pantera. Bitcoin continuing to gain on altscams:

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf

This is my new favorite chart.

you see that dip in march, that's my alt portfolio right there. (not my volume, just the following depreciation)

I'm thinking the same thing is going to happen during the next run up.

This is legitimately good news. I hate altscams

Very true... Everyone is realizing alt coins are a scam anyway. If we just all stuck to BTC I bet the price would be a lot higher & it would have way more attention from the media and others in the financial industry

Dotto

legendary

Activity: 981

Merit: 1005

No maps for these territories

Recently discovered this thread to be the most interesting and meaningful in the forum. Nice signal to noise ratio.

Thanks Cypher&Co. Wink

Topic: Gold collapsing. Bitcoin UP. - page 884. (Read 2032266 times)