Author

Topic: Gold collapsing. Bitcoin UP. - page 922. (Read 2032270 times)

legendary
Activity: 1764
Merit: 1002
September 26, 2014, 08:29:39 AM
This is pretty huge.

The Danish gvt invested in Coinify:

SEED Capital is partly supported by Vækstfonden, the Danish government’s fund for creating growth in new companies. “This must be the first time government funds are invested in a Bitcoin company,” Olesen commented to CoinTelegraph.

http://cointelegraph.com/news/112607/coinify-seals-multi-million-external-funding-backed-by-danish-govt
legendary
Activity: 1246
Merit: 1010
September 26, 2014, 08:15:17 AM
Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

Nobody wants to jump on our sinking ship Undecided

You should probably get that myopia checked out, it might be costing you some serious large long term benefits.

Nice lines Roll Eyes Bitcoin is $394 on BTC-e

... quick, you better close out your shorts then.

Nope. $390;)

You'll learn. Shorting a bear market is easy until it isn't. Timing the end of a bear market is difficult. Most traders get burned. You may pick up a few more pennies betting on the demise of bitcoin but don't come whining when the price jumps 10% in 30 minutes like it did earlier this week.

What did we call it back in 2012?  "...collecting nickels in front of the steamroller."
legendary
Activity: 2324
Merit: 1125
September 26, 2014, 07:32:52 AM
IMO, BTC can not be mainstream, because it's already 1/2 out and it's going to be harder than mining gold.
How could something this hard to generate to be use daily? It should worth 1 BTC per house in US. Assuming 2016 will take 3 months to mint 1 BTC.

What? It will even work fine when it is literary impossible to mine Bitcoin.
legendary
Activity: 1918
Merit: 1018
September 26, 2014, 07:27:16 AM
Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

Nobody wants to jump on our sinking ship Undecided


You should probably get that myopia checked out, it might be costing you some serious large long term benefits.

Nice lines Roll Eyes Bitcoin is $394 on BTC-e

... quick, you better close out your shorts then.

Nope. $390;)

You'll learn. Shorting a bear market is easy until it isn't. Timing the end of a bear market is difficult. Most traders get burned. You may pick up a few more pennies betting on the demise of bitcoin but don't come whining when the price jumps 10% in 30 minutes like it did earlier this week.

Exactly, it is very dangerous to short Bitcoin if you think it will go up in the medium long term, it is safer to sell a portion of your holdings when you think it is going to go down and buy back when you consider it will recover soon
legendary
Activity: 1400
Merit: 1013
September 26, 2014, 07:12:10 AM
How could something this hard to generate to be use daily?
How much iron ore do you personally refine on any given day?
sr. member
Activity: 364
Merit: 256
September 26, 2014, 07:10:22 AM
IMO, BTC can not be mainstream, because it's already 1/2 out and it's going to be harder than mining gold.
How could something this hard to generate to be use daily? It should worth 1 BTC per house in US. Assuming 2016 will take 3 months to mint 1 BTC.
legendary
Activity: 1176
Merit: 1000
September 26, 2014, 07:03:32 AM
Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

Nobody wants to jump on our sinking ship Undecided


You should probably get that myopia checked out, it might be costing you some serious large long term benefits.

Nice lines Roll Eyes Bitcoin is $394 on BTC-e

... quick, you better close out your shorts then.

Nope. $390;)

You'll learn. Shorting a bear market is easy until it isn't. Timing the end of a bear market is difficult. Most traders get burned. You may pick up a few more pennies betting on the demise of bitcoin but don't come whining when the price jumps 10% in 30 minutes like it did earlier this week.
legendary
Activity: 1260
Merit: 1116
September 26, 2014, 06:42:27 AM
Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

Nobody wants to jump on our sinking ship Undecided


You should probably get that myopia checked out, it might be costing you some serious large long term benefits.

Nice lines Roll Eyes Bitcoin is $394 on BTC-e

... quick, you better close out your shorts then.

Nope. $390;)
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
September 26, 2014, 06:10:26 AM
Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

Nobody wants to jump on our sinking ship Undecided


You should probably get that myopia checked out, it might be costing you some serious large long term benefits.

Nice lines Roll Eyes Bitcoin is $394 on BTC-e

... quick, you better close out your shorts then.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
September 26, 2014, 05:58:57 AM
Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

Nobody wants to jump on our sinking ship Undecided


You should probably get that myopia checked out, it might be costing you some serious large long term benefits.
sr. member
Activity: 336
Merit: 260
September 26, 2014, 05:28:28 AM
Nobody wants to jump on our sinking ship Undecided

There is a way out of this sinking ship though.
hero member
Activity: 707
Merit: 500
September 26, 2014, 05:28:00 AM
Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/

Nobody wants to jump on our sinking ship Undecided

You can call it that if you want.. I won't. I wouldn't mind if Schiff doesn't mention bitcoin - he was staunchly anti bitcoin all along.
He had made one or two concessions recently towards bitcoin but he is still a Goldbug pure and simple.

The takeaway point here is that QE and the dollar are fucked. At least he sees that!

hero member
Activity: 707
Merit: 500
September 26, 2014, 05:20:37 AM
Peter Schiff: Talking dollar collapse and looming black hole. (spoiler: he thinks Gold is the answer) (second spoiler: not one mention of bitcoin anywhere)

http://rt.com/shows/sophieco/190800-economy-dollar-financial-armageddon/
newbie
Activity: 3
Merit: 0
September 26, 2014, 02:47:20 AM
All these news lately have led me in to conclusion there will be surge in all three: gold, silver and bitcoin.

The biggest financial decision for me is to decide in which order these assets are going jump to next magnitude. As today, I am almost all in with bitcoin but started to balance my positions.
sr. member
Activity: 371
Merit: 250
September 26, 2014, 01:48:05 AM
Is anybody buying gold at this point? With fiat or with btc? Seems like a buy right now...but with what?

Yes, someone is buying. Countries like China, Russia and India are leading.

I had 33 bitcoins. Now I have 30 bitcoins, 1/2 oz Gold, 10 oz silver and a bag of weed.

I don´t have more FIAT to spend on silver, gold nor bitcoins. Otherwise it would be instant buy.

You can also look at it from another perspective. Some central banks are buying and some, like the Fed, are supressing the price. If they are trying to keep the price suppressed then it is obviously important enough to them that they can't ignore it and allow price discovery to occur. Also the new Shanghai metals exchange doesn't allow naked shorting. If the chinese government decides this is a good opportunity to reveal how much they've accumulated over the last five years then it would be a good time to own some gold.
newbie
Activity: 3
Merit: 0
September 26, 2014, 12:43:33 AM
Is anybody buying gold at this point? With fiat or with btc? Seems like a buy right now...but with what?

Yes, someone is buying. Countries like China, Russia and India are leading.

I had 33 bitcoins. Now I have 30 bitcoins, 1/2 oz Gold, 10 oz silver and a bag of weed.

I don´t have more FIAT to spend on silver, gold nor bitcoins. Otherwise it would be instant buy.
FNG
hero member
Activity: 588
Merit: 500
September 26, 2014, 12:43:00 AM
Is anybody buying gold at this point? With fiat or with btc? Seems like a buy right now...but with what?

"Latest official gold reserve data from the International Monetary Fund (IMF) shows that Russia again added to its gold reserves in August, with the Central bank of the Russian Federation purchasing  232,510 ozs (7.23 tonnes) and bringing its total gold reserves to 35.769 million ozs or 1,112.5 tonnes.

Likewise, the National Bank of Kazakhstan purchased a massive 795,213 ozs or 24.7 tonnes in August bringing its total gold reserves to 5.848 million ozs (181.9 tonnes).

Turkey was also a gold buyer in August and the Turkish central bank adding 96,783 ozs (3 tonnes) to bring its total official gold reserves to 16.45 million ozs (511.6 tonnes), which is the world's 12th largest official gold holding.

According to the IMF data, other countries which added to their gold reserves in August included the central banks of Azerbaijan and Ukraine. "

 Grin

Buy with fiat.   Fiat should always be sold for btc or gold
legendary
Activity: 1764
Merit: 1002
September 25, 2014, 09:22:44 PM
cypherdoc's "support/resistance" strat vs Ryan's EWology strat.

i got my popcorn, my bitcoins and my fiat ready Smiley



there's way more than just support/resistance strategy.
full member
Activity: 232
Merit: 100
September 25, 2014, 08:26:39 PM
cypherdoc's "support/resistance" strat vs Ryan's EWology strat.

i got my popcorn, my bitcoins and my fiat ready Smiley

legendary
Activity: 1764
Merit: 1002
September 25, 2014, 07:47:04 PM
i'm definitely a buyer here.  bought yesterday and today.
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