Today & Tonight, Gold is Getting KILLED

gkv9

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!!! RiSe aBovE ThE StoRm !!!

Quote from: markj113 on February 20, 2016, 12:04:06 PM

Quote from: n0ne on February 20, 2016, 12:01:35 PM

This Statement is just to give a overview of the growing bitcoin market over the gold market.
Soon most of the gold investors would get into the bitcoin community.

And you base that statement on what facts or data?

From personal experience on several precious metal forums most stackers consider bitcoin to be a giant ponzi scheme.

Ponzi???
Yeah right... A reverse ponzi you mean, right???
Because, as the time goes, the rewards get lowered, whereas in Ponzi, you get higher rewards and there comes stagnancy period where that Ponzi scheme f**ks you out of the game and you get nothing...
You just invest, carry on thinking that one day you will become blah blah blah, and then what???
Boom, the company runs away with your bucks, and you cry harder but get nothing...
But wait, BTC ain't a ponzi, if it would have been, you might not have been here on this forum talking about this coin as it would have got destroyed way before...

plost24

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Quote from: Amph on February 22, 2016, 12:32:20 PM

Quote from: markj113 on February 20, 2016, 12:04:06 PM

Quote from: n0ne on February 20, 2016, 12:01:35 PM

This Statement is just to give a overview of the growing bitcoin market over the gold market.
Soon most of the gold investors would get into the bitcoin community.

And you base that statement on what facts or data?

From personal experience on several precious metal forums most stackers consider bitcoin to be a giant ponzi scheme.

then they are being an idiot, since gold it's also a ponzi scheme if you consider bitcoin a ponzi scheme, their nature is very akin to me

but it's both wrong, since there is no ponzi involved in both

you are right, how can they see a ponzi shema in bitcoin you are the only owner for your bitcoin and the price is all about the market and it is not controled so there is no ponzi in both gold or bitcoin the too is investing methode

Amph

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Quote from: markj113 on February 20, 2016, 12:04:06 PM

Quote from: n0ne on February 20, 2016, 12:01:35 PM

This Statement is just to give a overview of the growing bitcoin market over the gold market.
Soon most of the gold investors would get into the bitcoin community.

And you base that statement on what facts or data?

From personal experience on several precious metal forums most stackers consider bitcoin to be a giant ponzi scheme.

then they are being an idiot, since gold it's also a ponzi scheme if you consider bitcoin a ponzi scheme, their nature is very akin to me

but it's both wrong, since there is no ponzi involved in both

dloghwak

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Quote from: markj113 on February 20, 2016, 12:04:06 PM

Quote from: n0ne on February 20, 2016, 12:01:35 PM

This Statement is just to give a overview of the growing bitcoin market over the gold market.
Soon most of the gold investors would get into the bitcoin community.

And you base that statement on what facts or data?

From personal experience on several precious metal forums most stackers consider bitcoin to be a giant ponzi scheme.

To be fair, most stackers are waiting for world war 3 or the apocalypse tho.
Most important these stackers are not the reason for the price rise in precious metals.

JosNekoKopa

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I dont have money to invest in gold because this is expensive from my standpoint but
this is now is great chance for those who have money! Dont ask just buy!

Pab

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Hold,hold gold Gold is over 1200$ level and supply is lover first time in history
Chinise are replacing us debt by gold

OROBTC

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Quote from: JosNekoKopa on February 21, 2016, 10:15:56 AM

Quote from: lumeire on February 20, 2016, 12:06:09 PM

Quote from: n0ne on February 20, 2016, 12:01:35 PM

This Statement is just to give a overview of the growing bitcoin market over the gold market.
Soon most of the gold investors would get into the bitcoin community.

Gold people are traditionalists, bitcoin and the bitcoin community are the exact reverse, so not in a long time will we see them in here.

Everyone with money will rush to bitcoin, this is not secret.
But to exit from gold to switch to btc i really doubt

Much of the "gold community" does, in fact, NOT like Bitcoin, but the smarter ones do... Wink

What they realize is that BTC is good diversification even if they hold gold, even if they maybe hold a lot.

* * *

Note to people commenting on this thread:

I put this note up on the day AFTER gold's big price jump ($50) to show its partial retracement.

I did not intend for this thread to be a long-running one, there are at least two other threads following gold in general. Again, this was an observation for the Au price drop a few days ago.

JosNekoKopa

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Quote from: lumeire on February 20, 2016, 12:06:09 PM

Quote from: n0ne on February 20, 2016, 12:01:35 PM

This Statement is just to give a overview of the growing bitcoin market over the gold market.
Soon most of the gold investors would get into the bitcoin community.

Gold people are traditionalists, bitcoin and the bitcoin community are the exact reverse, so not in a long time will we see them in here.

Everyone with money will rush to bitcoin, this is not secret.
But to exit from gold to switch to btc i really doubt

BTCBinary

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I don't think that gold will be losing a lot of value so soon. With the advent of the space industry, there is a new growing need for gold. So, in a way, it will be possible to see the price of gold going up in the following years.

lumeire

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Quote from: n0ne on February 20, 2016, 12:01:35 PM

This Statement is just to give a overview of the growing bitcoin market over the gold market.
Soon most of the gold investors would get into the bitcoin community.

Gold people are traditionalists, bitcoin and the bitcoin community are the exact reverse, so not in a long time will we see them in here.

markj113

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Quote from: n0ne on February 20, 2016, 12:01:35 PM

This Statement is just to give a overview of the growing bitcoin market over the gold market.
Soon most of the gold investors would get into the bitcoin community.

And you base that statement on what facts or data?

From personal experience on several precious metal forums most stackers consider bitcoin to be a giant ponzi scheme.

n0ne

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This Statement is just to give a overview of the growing bitcoin market over the gold market.
Soon most of the gold investors would get into the bitcoin community.

markj113

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gold has pulled back the losses, does this chart look like gold is getting killed?

elizabethqueen

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Quote from: OROBTC on February 15, 2016, 10:54:13 PM

...

After last Thursday's impressive $50 price melt-up, it looks like gold is getting hammered in the Far East. The total price decline over the past 24 hours or so is over $30 per ounce (not counting Friday's lesser decline). I can't explain it, so please don't ask...

FYI, gold price is easily available at:

ounce.me (a nice handy little site that also shows BTC, LTC and other PM prices as well as crude oil and the US$)
kitco.com (the coin shops use this site to price their gold coins for sale to the public)
24hGold.com (also has links to other gold and financial info)

The ounce.me site also has a handy BTC:Gold ratio, this would be of interest to anyone buying gold with their BTC.

make sense,gold killed. but i also think that gold is similar with bitcoin,that two is mined,and the amount always change,also with the price,the problem is,gold more hard to get,and bitcoin is more easy.

JosNekoKopa

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Probably people don't realize value of gold is always much greater if you hold!
You can't watch price of gold through dollar, this is so wrong!

STT

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Quote from: squatz1 on February 17, 2016, 11:04:18 PM

Hmmm, I don't know if I should go ahead and invest or if it's going to fall any farther.
Any ideas?

Gold does not change value, gold does not change at all. It does not rust, it doesnt react with air water most acids, cant rot. Even if melted it can be put back together just the same, this is its worth. When the price changes it is the dollar which are moving not the gold because that bit of metal has done nothing from one day to the next where as the change in dollars based in politics and its debt and trade worth is substantial.

If they put dollar rates to 20% as they have in the past briefly then gold price will fall maybe half but this is not the metal being any less useful. The point to buying gold really is long term it will out last the dollar regime. They cannot afford 20% rates as all the debt issued in recent years is payable in the nearer term and the government cannot pay interest on it (without reducing their other budget costs like the worlds largest army etc), I dont think USA can afford 5% rates even.
If or when inflation goes past 5% then gold will have a positive yield in comparison to money, which normally should be impossible as it does nothing and performs no business where as USA and its currency should be returning positive rates on its borrowings

larem

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Quote from: squatz1 on February 17, 2016, 11:04:18 PM

Hmmm, I don't know if I should go ahead and invest or if it's going to fall any farther.
Any ideas?

Nobody knows for sure or they'd be a trillionaire and every other investor in the world would do it as well. You just have to guess based on your own intuition... but gold is usually seen as a somewhat safe way to beat inflation (rather, keep up with it).

squatz1

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Flying Hellfish is a Commie

Hmmm, I don't know if I should go ahead and invest or if it's going to fall any farther.
Any ideas?

mrflibblehat

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Good idea to buy gold. It' never a bad idea to diversify things.

jmintuck02

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Now, when gold is getting killed, that is a good time to buy a bit o" gold. Just look for the dips and pick up some at the dip. See if you can

hold on for a steeper dip, or as low as you can possibly go before you spring for an ounce or two, or whatever you can afford. Complement

it with BTC.

Topic: Today & Tonight, Gold is Getting KILLED (Read 1554 times)