Gold collapsing. Bitcoin UP. - page 987.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: falllling on August 31, 2014, 12:16:24 AM

Quote from: cypherdoc on August 31, 2014, 12:14:53 AM

Quote from: falllling on August 31, 2014, 12:13:05 AM

Quote from: cypherdoc on August 31, 2014, 12:10:53 AM

Quote from: falllling on August 31, 2014, 12:07:48 AM

Quote from: Kayex on August 30, 2014, 11:09:29 PM

Right now people around me are saying that gold prices will be picking up.
I'm not sure if that will happen or not.

Even the price for BTC kind of went down now.
As you can see here
http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv
The value of BTC is going down.
Is it because of the lack of demand of BTC?
Or is it because governments are now regulating BTC?

Either way BTC and Gold stocks are going down atm.
I'm not sure how to feel about this situation.

bitcoin is going to nowhere but down, you saw it already

Ah, he dares enter this thread.

You're an idiot.

i am just telling the truth

Them tell us the truth about who is paying you. It won't hurt. It might give you some credibility.

will we break $490 quickly and get into $3xx?

They can't be paying you much; for such a low life job.

falllling

member

Activity: 112

Merit: 10

Quote from: cypherdoc on August 31, 2014, 12:18:20 AM

Quote from: falllling on August 31, 2014, 12:16:24 AM

Quote from: cypherdoc on August 31, 2014, 12:14:53 AM

Quote from: falllling on August 31, 2014, 12:13:05 AM

Quote from: cypherdoc on August 31, 2014, 12:10:53 AM

Quote from: falllling on August 31, 2014, 12:07:48 AM

Quote from: Kayex on August 30, 2014, 11:09:29 PM

Right now people around me are saying that gold prices will be picking up.
I'm not sure if that will happen or not.

Even the price for BTC kind of went down now.
As you can see here
http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv
The value of BTC is going down.
Is it because of the lack of demand of BTC?
Or is it because governments are now regulating BTC?

Either way BTC and Gold stocks are going down atm.
I'm not sure how to feel about this situation.

bitcoin is going to nowhere but down, you saw it already

Ah, he dares enter this thread.

You're an idiot.

i am just telling the truth

Them tell us the truth about who is paying you. It won't hurt. It might give you some credibility.

will we break $490 quickly and get into $3xx?

Is it a bank? A govt?

$497 buy wall got filled, $3xx incoming

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: falllling on August 31, 2014, 12:16:24 AM

Quote from: cypherdoc on August 31, 2014, 12:14:53 AM

Quote from: falllling on August 31, 2014, 12:13:05 AM

Quote from: cypherdoc on August 31, 2014, 12:10:53 AM

Quote from: falllling on August 31, 2014, 12:07:48 AM

Quote from: Kayex on August 30, 2014, 11:09:29 PM

Right now people around me are saying that gold prices will be picking up.
I'm not sure if that will happen or not.

Even the price for BTC kind of went down now.
As you can see here
http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv
The value of BTC is going down.
Is it because of the lack of demand of BTC?
Or is it because governments are now regulating BTC?

Either way BTC and Gold stocks are going down atm.
I'm not sure how to feel about this situation.

bitcoin is going to nowhere but down, you saw it already

Ah, he dares enter this thread.

You're an idiot.

i am just telling the truth

Them tell us the truth about who is paying you. It won't hurt. It might give you some credibility.

will we break $490 quickly and get into $3xx?

Is it a bank? A govt?

falllling

member

Activity: 112

Merit: 10

Quote from: cypherdoc on August 31, 2014, 12:14:53 AM

Quote from: falllling on August 31, 2014, 12:13:05 AM

Quote from: cypherdoc on August 31, 2014, 12:10:53 AM

Quote from: falllling on August 31, 2014, 12:07:48 AM

Quote from: Kayex on August 30, 2014, 11:09:29 PM

Right now people around me are saying that gold prices will be picking up.
I'm not sure if that will happen or not.

Even the price for BTC kind of went down now.
As you can see here
http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv
The value of BTC is going down.
Is it because of the lack of demand of BTC?
Or is it because governments are now regulating BTC?

Either way BTC and Gold stocks are going down atm.
I'm not sure how to feel about this situation.

bitcoin is going to nowhere but down, you saw it already

Ah, he dares enter this thread.

You're an idiot.

i am just telling the truth

Them tell us the truth about who is paying you. It won't hurt. It might give you some credibility.

will we break $490 quickly and get into $3xx?

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: falllling on August 31, 2014, 12:13:05 AM

Quote from: cypherdoc on August 31, 2014, 12:10:53 AM

Quote from: falllling on August 31, 2014, 12:07:48 AM

Quote from: Kayex on August 30, 2014, 11:09:29 PM

Right now people around me are saying that gold prices will be picking up.
I'm not sure if that will happen or not.

Even the price for BTC kind of went down now.
As you can see here
http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv
The value of BTC is going down.
Is it because of the lack of demand of BTC?
Or is it because governments are now regulating BTC?

Either way BTC and Gold stocks are going down atm.
I'm not sure how to feel about this situation.

bitcoin is going to nowhere but down, you saw it already

Ah, he dares enter this thread.

You're an idiot.

i am just telling the truth

Them tell us the truth about who is paying you. It won't hurt. It might give you some credibility.

falllling

member

Activity: 112

Merit: 10

Quote from: cypherdoc on August 31, 2014, 12:10:53 AM

Quote from: falllling on August 31, 2014, 12:07:48 AM

Quote from: Kayex on August 30, 2014, 11:09:29 PM

Right now people around me are saying that gold prices will be picking up.
I'm not sure if that will happen or not.

Even the price for BTC kind of went down now.
As you can see here
http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv
The value of BTC is going down.
Is it because of the lack of demand of BTC?
Or is it because governments are now regulating BTC?

Either way BTC and Gold stocks are going down atm.
I'm not sure how to feel about this situation.

bitcoin is going to nowhere but down, you saw it already

Ah, he dares enter this thread.

You're an idiot.

i am just telling the truth

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: falllling on August 31, 2014, 12:07:48 AM

Quote from: Kayex on August 30, 2014, 11:09:29 PM

Right now people around me are saying that gold prices will be picking up.
I'm not sure if that will happen or not.

Even the price for BTC kind of went down now.
As you can see here
http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv
The value of BTC is going down.
Is it because of the lack of demand of BTC?
Or is it because governments are now regulating BTC?

Either way BTC and Gold stocks are going down atm.
I'm not sure how to feel about this situation.

bitcoin is going to nowhere but down, you saw it already

Ah, he dares enter this thread.

You're an idiot.

falllling

member

Activity: 112

Merit: 10

Quote from: Kayex on August 30, 2014, 11:09:29 PM

Right now people around me are saying that gold prices will be picking up.
I'm not sure if that will happen or not.

Even the price for BTC kind of went down now.
As you can see here
http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv
The value of BTC is going down.
Is it because of the lack of demand of BTC?
Or is it because governments are now regulating BTC?

Either way BTC and Gold stocks are going down atm.
I'm not sure how to feel about this situation.

bitcoin is going to nowhere but down, you saw it already

worldinacoin

hero member

Activity: 756

Merit: 500

Quote from: Kayex on August 30, 2014, 11:09:29 PM

Right now people around me are saying that gold prices will be picking up.
I'm not sure if that will happen or not.

Even the price for BTC kind of went down now.
As you can see here
http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv
The value of BTC is going down.
Is it because of the lack of demand of BTC?
Or is it because governments are now regulating BTC?

Either way BTC and Gold stocks are going down atm.
I'm not sure how to feel about this situation.

With the Ukraine crisis escalating it will not be a surprise if Gold goes up, presently it is still high by historical standards.

Kayex

member

Activity: 84

Merit: 10

Right now people around me are saying that gold prices will be picking up.
I'm not sure if that will happen or not.

Even the price for BTC kind of went down now.
As you can see here
http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv
The value of BTC is going down.
Is it because of the lack of demand of BTC?
Or is it because governments are now regulating BTC?

Either way BTC and Gold stocks are going down atm.
I'm not sure how to feel about this situation.

Melbustus

legendary

Activity: 1722

Merit: 1004

Quote from: traderCJ on August 30, 2014, 09:31:55 PM

Quote from: cypherdoc on August 30, 2014, 08:56:09 PM

why don't you let him speak for himself?

cypher, this topic has been beaten to death. To suggest that gold has absolutely no edge over cryptocurrencies, under any circumstances, demonstrates how desperate and puerile your position has become. You are becoming less reasonable and more evangelical by the day, and it only serves to embarrass you and your cohorts. Hard assets have a few thousand years of history as stores of value and currency. Cryptocurrencies, around 6 years now? The arrogance. You fail to understand that any cryptocurrency is simply a securely shared ledger. Cryptocurrencies solve a host of problems. Hard assets solve other problems. If there were no assets but Bitcoin, what would Bitcoin be worth?

Your arguments are analogous to saying that because information can be transmitted via the internet, there is no longer any need for physical objects to be transmitted from person to person. Hell, even lumber has more "value" than Bitcoins in certain circumstances. Get your head out of your ass.

It should be obvious that bitcoin is vastly superior to gold in nearly every typical "moneyness" category: scarcity, portability, recognizability, etc, etc. Where gold wins, is in a semi-stable civilization that has developed somewhat large-scale trade, but has no digital infrastructure. While it's possible that humanity reverts to such a state, it's unlikely, representing only a very thin slice of the long tail of possible outcomes. If you want to hedge for that particular outcome by holding gold, that's your "optimization" to make. I don't know your personal utility curve, after all.

Anyways, bitcoin replacing gold is an inherently optimistic viewpoint... And I'm not saying that as a bitcoin-bull; I'm saying that in the sense that it's optimistic to think that the rationally superior form of money will win due to bottom-up market forces. It would be very depressing if gold continues to be monetized for more than another couple decades in light of the vastly better money humanity has had since 2009.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: zeetubes on August 30, 2014, 10:57:29 PM

ZH: "It's Settled: Central Banks Trade S&P500 Futures"

if it is indeed settled then it wouldn't be a huge shock. Your government dollars at work.

http://www.zerohedge.com/news/2014-08-30/its-settled-central-banks-trade-sp500-futures#comment-5163811

that's really f*d up.

i can't tell you how many times i've sat there watching realtime charts with a huge dump in the /ES futures only to be met with an instantaneous buy to jack the price back up to where it started. sure, it could be an honest trader but given the low volumes, presence of a PPT, what's at stake, revelations of the NSA, and this article, i seriously doubt they're honest.

furthermore, you can't short stocks anymore based on fundamentals. i'm sure the Fed enjoys inflicting losses on honest shorts b/c they're "unpatriotic".

cypherdoc

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Activity: 1764

Merit: 1002

Quote from: traderCJ on August 30, 2014, 10:40:13 PM

Quote from: cypherdoc on August 30, 2014, 10:01:47 PM

this is actually a good sign for Bitcoin (Gold 2.0) advocates. the gold resistance continues to be strong, angry, and defiant despite the wipeout.

it's early innings.

You're basing all of this on the "wipeout"? In other words, you're saying that gold is inferior because if you bought at X date and sold at Y date, you would have taken it in the pants? Gold pot, meet Bitcoin kettle. You're certifiably nuts ..

Quote

i don't really see a problem, do you?

Ah the old "past performance predicts future performance" racket.

you have selective hearing. i've advanced a number of fundamental reasons why many of us think Bitcoin is superior in it's function. if you can refute those, please do so now.

while past performance doesn't guarantee future results, what better way is there for us to place our bets? with sound fundamentals that i and many others have hammered home in this thread regarding Bitcoin's superiority, why expect a sudden change in trend? just b/c you say so? i should call you a name here but i won't stoop to your level.

zeetubes

sr. member

Activity: 371

Merit: 250

ZH: "It's Settled: Central Banks Trade S&P500 Futures"

if it is indeed settled then it wouldn't be a huge shock. Your government dollars at work.

http://www.zerohedge.com/news/2014-08-30/its-settled-central-banks-trade-sp500-futures#comment-5163811

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: traderCJ on August 30, 2014, 10:34:16 PM

Quote from: cypherdoc on August 30, 2014, 09:51:33 PM

actually, the Bitcoin > gold argument has been making tremendous strides, if you hadn't noticed.

Based on what, the exchange rate between gold and Bitcoin?

yes. we're all investors here after all.

Quote

I could argue that the DJIA index > gold or Bitcoin just based over the past 12 months.

huh? 1 yr ago Bitcoin was 125 or 4x what it is now. the Dow hasn't performed even close to that

Quote

Or is your argument that because some people are converting gold to Bitcoin, Bitcoin > gold? Does that mean that computer components > Bitcoin if people use Bitcoin at Newegg? It's a currency, of course people will convert between it and other assets. That's the whole point.

Dollars make better currency than real estate, but does that mean that "dollars > real estate"?

more and more ppl are converting their gold to Bitcoin. the exchange rates indicate that along with the charts. one can also feel the sentiment shifting if you're well enough read.

Quote

silver has been literally obliterated by Bitcoin. as i said further up the thread, gold is failing miserably at its long time historical regulator of loose interest rate policy. if it can't act as a check on the fiat CB system and UST's, what good is it, especially when it can't even hold its price?

Again, based on exchange rate? If something outperforms Bitcoin over a period of time (gold, DJIA, whatever), does that mean it has "obliterated" Bitcoin? Silver and Bitcoin solve different problems. You're stating that gold cannot "hold it's price", but what about Bitcoin? Your language is deliberately vague to mislead.

right. i'm trying to mislead ppl here. Roll Eyes

look, i've lived my spoken words literally since April 2011 when i started liquidating my silver so clearly i believe in what i'm saying.

Quote

i've never argued gold has no value. it has industrial value of around $250/oz. but it's crap as money. get your head out of your ass.

Hard assets have been lousy currencies ever since bankers realized they could exchange notes of credit instead of those assets. But that's not the point. Gold doesn't need to be a currency to have value. What "industrial value" does a home have? Or a sports car? Or a hockey team?

it is a major point in a long list of points as to why Bitcoin is superior, both as a store of value, and as a currency. it's this multifunctionality that is resonating with investors and consumers. many of us have been able to sit on BTC obtained since 2011 and watch our monthly expenses for services plunge in BTC terms as the price rose. try that with gold.

traderCJ

sr. member

Activity: 280

Merit: 250

Quote from: cypherdoc on August 30, 2014, 10:01:47 PM

this is actually a good sign for Bitcoin (Gold 2.0) advocates. the gold resistance continues to be strong, angry, and defiant despite the wipeout.

it's early innings.

You're basing all of this on the "wipeout"? In other words, you're saying that gold is inferior because if you bought at X date and sold at Y date, you would have taken it in the pants? Gold pot, meet Bitcoin kettle. You're certifiably nuts ..

Quote

i don't really see a problem, do you?

Ah the old "past performance predicts future performance" racket.

traderCJ

sr. member

Activity: 280

Merit: 250

Quote from: cypherdoc on August 30, 2014, 09:51:33 PM

actually, the Bitcoin > gold argument has been making tremendous strides, if you hadn't noticed.

Based on what, the exchange rate between gold and Bitcoin? I could argue that the DJIA index > gold or Bitcoin just based over the past 12 months. Or is your argument that because some people are converting gold to Bitcoin, Bitcoin > gold? Does that mean that computer components > Bitcoin if people use Bitcoin at Newegg? It's a currency, of course people will convert between it and other assets. That's the whole point.

Dollars make better currency than real estate, but does that mean that "dollars > real estate"?

Quote

silver has been literally obliterated by Bitcoin. as i said further up the thread, gold is failing miserably at its long time historical regulator of loose interest rate policy. if it can't act as a check on the fiat CB system and UST's, what good is it, especially when it can't even hold its price?

Again, based on exchange rate? If something outperforms Bitcoin over a period of time (gold, DJIA, whatever), does that mean it has "obliterated" Bitcoin? Silver and Bitcoin solve different problems. You're stating that gold cannot "hold it's price", but what about Bitcoin? Your language is deliberately vague to mislead.

Quote

i've never argued gold has no value. it has industrial value of around $250/oz. but it's crap as money. get your head out of your ass.

Hard assets have been lousy currencies ever since bankers realized they could exchange notes of credit instead of those assets. But that's not the point. Gold doesn't need to be a currency to have value. What "industrial value" does a home have? Or a sports car? Or a hockey team?

cypherdoc

legendary

Activity: 1764

Merit: 1002

i don't really see a problem, do you?

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: traderCJ on August 30, 2014, 10:00:07 PM

Quote from: tvbcof on August 30, 2014, 09:53:08 PM

Quote from: traderCJ on August 30, 2014, 09:31:55 PM

cypher, this topic has been beaten to death. To suggest that gold has absolutely no edge over cryptocurrencies, under any circumstances, demonstrates how desperate and puerile your position has become. You are becoming less reasonable and more evangelical by the day, and it only serves to embarrass you and your cohorts...

...Get your head out of your ass.

Don't stay up nights waiting for this.

Indeed.

this is actually a good sign for Bitcoin (Gold 2.0) advocates. the gold resistance continues to be strong, angry, and defiant despite the wipeout.

it's early innings.

traderCJ

sr. member

Activity: 280

Merit: 250

Quote from: tvbcof on August 30, 2014, 09:53:08 PM

Quote from: traderCJ on August 30, 2014, 09:31:55 PM

cypher, this topic has been beaten to death. To suggest that gold has absolutely no edge over cryptocurrencies, under any circumstances, demonstrates how desperate and puerile your position has become. You are becoming less reasonable and more evangelical by the day, and it only serves to embarrass you and your cohorts...

...Get your head out of your ass.

Don't stay up nights waiting for this.

Indeed.

Topic: Gold collapsing. Bitcoin UP. - page 987. (Read 2032270 times)