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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31493. (Read 26611230 times)

legendary
Activity: 1218
Merit: 1003
...then cut it in half to make sure it's not gold-plated tungsten.

Beat me to it. This is why I'd never buy a precious metal, especially gold. How can you ever be sure it's real?

Fairly simple XRF + thermal conductivity + resistivity tests will completely guarantee that a bar of gold is what it says on the face. For extra paranoia there's more complex ultrasonic testing.
Thanks guys, I was always interested for real when and if one day gold would be needed but there's bitcoin now Smiley

If someone is desperate to sell it to you for bitcoin, it is probably real. Gold isn't doing too well at the moment.

If they don't care too much, it's probably fake.

Gold isn't doing well mostly due to manipulation from the people who derive power from fiat emission and control. Mostly the families that own the banks and the fed.
They will probably come for bitcoin soon but manipulation will be much more difficult. They could buy lots of coins creating a spike and then dumping everything recklessly and crashing it, but I am not sure of their success. Gold is much easier to manipulate and discourage.

Gold is safe, bitcoin isn't.  Its amazing that 1 bitcoin can buy an ounce of gold, but no one can put a fair price estimate on Bitcoin.  It's either hundreds of thousands or nothing.  
Even the crazy Gold bubble looks like a blip next to Bitcoins rise!  If bitcoin holders get a bit antsy about the price, they could do much worse than getting into Gold or Silver
donator
Activity: 1722
Merit: 1036

They will probably come for bitcoin soon but manipulation will be much more difficult. They could buy lots of coins creating a spike and then dumping everything recklessly and crashing it, but I am not sure of their success.

I am quite sure. It will be an utter failure, mostly for the reason that bitcoin would become public to all, and no matter how much short term damage they can cause, it will not be able to be kept down for long because its real network value is 1000x the exchange value. Only way they could wreak some havoc is by buying all the way to up, I mean 10,000x the current price, and then dumping it to the masses. But even that would be a win to Bitcoin. Everybody would use it from that on, and people who trusted in banks would have been made poor, and the independent thinkers enriched.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 338
Merit: 250
...then cut it in half to make sure it's not gold-plated tungsten.

Beat me to it. This is why I'd never buy a precious metal, especially gold. How can you ever be sure it's real?

Fairly simple XRF + thermal conductivity + resistivity tests will completely guarantee that a bar of gold is what it says on the face. For extra paranoia there's more complex ultrasonic testing.
Thanks guys, I was always interested for real when and if one day gold would be needed but there's bitcoin now Smiley

If someone is desperate to sell it to you for bitcoin, it is probably real. Gold isn't doing too well at the moment.

If they don't care too much, it's probably fake.

Gold isn't doing well mostly due to manipulation from the people who derive power from fiat emission and control. Mostly the families that own the banks and the fed.
They will probably come for bitcoin soon but manipulation will be much more difficult. They could buy lots of coins creating a spike and then dumping everything recklessly and crashing it, but I am not sure of their success. Gold is much easier to manipulate and discourage.
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
...then cut it in half to make sure it's not gold-plated tungsten.

Beat me to it. This is why I'd never buy a precious metal, especially gold. How can you ever be sure it's real?

Fairly simple XRF + thermal conductivity + resistivity tests will completely guarantee that a bar of gold is what it says on the face. For extra paranoia there's more complex ultrasonic testing.
Thanks guys, I was always interested for real when and if one day gold would be needed but there's bitcoin now Smiley

If someone is desperate to sell it to you for bitcoin, it is probably real. Gold isn't doing too well at the moment.

If they don't care too much, it's probably fake.
sr. member
Activity: 276
Merit: 250
...then cut it in half to make sure it's not gold-plated tungsten.

Beat me to it. This is why I'd never buy a precious metal, especially gold. How can you ever be sure it's real?

Fairly simple XRF + thermal conductivity + resistivity tests will completely guarantee that a bar of gold is what it says on the face. For extra paranoia there's more complex ultrasonic testing.
Thanks guys, I was always interested for real when and if one day gold would be needed but there's bitcoin now Smiley
sr. member
Activity: 276
Merit: 250
It says it right on the bar: 'fine gold'.
LOL but if i was a noob and i was buying it, who would i trust? how would i check quickly for myself Smiley

Here is a way:

You weigh it (on an accurate scale), than you measure the volume by putting it into a finely graded  measuring cylinder with some water. Note the increase in volume when adding the gold bar. The volume for one kg gold should be 51.86 cubic centimeters (ml).
Cool thanks, not that i can buy one yet lol  Smiley
legendary
Activity: 854
Merit: 1000
There is also the chance they bought their own walls to induce momentum.

Anyone with more bitcoins than 1,000 is cautious of the rise, and scheming to keep the price in check to solidify their own position in the real world. (Anyone with <1,000 coins does not have walls)

Yeah!! They drive their cars forward while looking back!!!!  Cheesy Cheesy
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
Looks like China is still setting the tone for this valuation. Kinda funny actually.
Fiat restriction creates demand.
How to get wealth out of China except bitcoin?
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
Would a fake bar of gold ring different than a real one when tapped with a little hammer?

Tungsten bulk longitudinal speed of sound: 5220 m/s
Gold bulk longitudinal speed of sound: 3240 m/s

I'm going with "yes".
hero member
Activity: 616
Merit: 500
Firstbits.com/1fg4i :)
Would a fake bar of gold ring different than a real one when tapped with a little hammer?
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
...then cut it in half to make sure it's not gold-plated tungsten.

Beat me to it. This is why I'd never buy a precious metal, especially gold. How can you ever be sure it's real?

Fairly simple XRF + thermal conductivity + resistivity tests will completely guarantee that a bar of gold is what it says on the face. For extra paranoia there's more complex ultrasonic testing.
donator
Activity: 1722
Merit: 1036
There is also the chance they bought their own walls to induce momentum.

Anyone with more bitcoins than 1,000 is cautious of the rise, and scheming to keep the price in check to solidify their own position in the real world. (Anyone with <1,000 coins does not have walls)
full member
Activity: 196
Merit: 100
...then cut it in half to make sure it's not gold-plated tungsten.

Beat me to it. This is why I'd never buy a precious metal, especially gold. How can you ever be sure it's real?
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
It says it right on the bar: 'fine gold'.
LOL but if i was a noob and i was buying it, who would i trust? how would i check quickly for myself Smiley

Here is a way:

You weigh it (on an accurate scale), than you measure the volume by putting it into a finely graded  measuring cylinder with some water. Note the increase in volume when adding the gold bar. The volume for one kg gold should be 51.86 cubic centimeters (ml).

This method is easily defeated with gold-coated tungsten alloy. Like I said, portable XRF.

Edit: damn it justusranvier, you're quick on the trigger  Smiley
legendary
Activity: 1400
Merit: 1013
It says it right on the bar: 'fine gold'.
LOL but if i was a noob and i was buying it, who would i trust? how would i check quickly for myself Smiley

Here is a way:

You weigh it (on an accurate scale), than you measure the volume by putting it into a finely graded  measuring cylinder with some water. Note the increase in volume when adding the gold bar. The volume for one kg gold should be 51.86 cubic centimeters (ml).
...then cut it in half to make sure it's not gold-plated tungsten.
legendary
Activity: 1428
Merit: 1000
legendary
Activity: 980
Merit: 1000
Need a campaign manager? PM me
Humans are a strange sort.

Barely buying all the way up to $1000. Then plowing through a 2500 wall in minutes once they are there. WTF?

That's not strange, its just they didn't know if it would happen until it happened. when they knew they bought. Before then they were trepidatious.

There is also the chance they bought their own walls to induce momentum.
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
It says it right on the bar: 'fine gold'.
LOL but if i was a noob and i was buying it, who would i trust? how would i check quickly for myself Smiley

portable XRF
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