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2741  Bitcoin / Project Development / Re: SUCCESS! The First Grade School Bitcoin Project! on: May 18, 2012, 09:34:04 PM
Bitcoins for allowance = awesome parenting!

I merely suggested it, but I think I have created a monster.. you should hear them complain when they have to spend them low and receive them high. Often I (jokingly) threaten to take their Bitcoins away if they don't get As and Bs or something and they start screaming NOOOOoooo lol

Good stuff!
Just curious, what do they spend their bitcoins on?

When I was in 4th grade, I wanted things like foam airplanes, and candybars.  Smiley

Probably Silk Road.
2742  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 18, 2012, 06:17:24 PM
Good thing I bought a little at $1529   Grin

What did you pay for it on a per ounce basis?

(In case you missed it, I bought a bit recently at around $1600 and paid around $1650.  A lot of us are interested in the difference between the 'paper price' and what it costs to get weight in our palms...and this factor shifts around.)


I paid 2% over spot. 

That's much better than I typically get even in the best of times.  Your dealer is good to you.  hopefully.



thats b/c everyone is selling... Grin

Or because it was an 18 year old kid at a local pawn shop.
2743  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 18, 2012, 06:08:20 PM
Good thing I bought a little at $1529   Grin

What did you pay for it on a per ounce basis?

(In case you missed it, I bought a bit recently at around $1600 and paid around $1650.  A lot of us are interested in the difference between the 'paper price' and what it costs to get weight in our palms...and this factor shifts around.)



I paid 2% over spot. 
2744  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 18, 2012, 05:47:02 PM
Good thing I bought a little at $1529   Grin
2745  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 18, 2012, 05:55:04 AM
1.)  Ok.  If his time frame is "many months to years," then we can't possibly assume that anything that has happened in the past 2 months since this thread's creation is positive correlated with his prediction.

2.)  Fair enough.  As I said, I only read a few pages of this thread.  I understand this makes for uninformed assumptions, but he killed all of my motivation to go back and read it all.  He shouldn't feel bad about this, though.  I'm cocky and stubborn myself so I understand where he's coming from.

3.)  Fair enough.  Time will tell.  I do genuinely hope that he is correct for his own sake and for his subscribers'.

4.)  Rocketing?  That's going overboard.  Rocketing since when?  Gold 'rocketed' 2% overnight.  It's also 'rocketed' ~800% in the last decade.  Besides, if he's speaking from a long-term perspective, that perspective would also indicate that the US dollar has been falling like a brick.  Rocketing in this case is from a short-term perspective.

5.)  True, it doesn't make him wrong.  But I would suggest that it is more likely to make him wrong than if he were not a stakeholder.

1) Not sure what you mean.  Can you rephrase?
2-3) Nothing to add.
4) That's more my wording than his.  It has been rising for 14 days straight, the longest streak since 1985.  IMO, we will see more rising than falling over the next 8-12 months.  Apple also 'rocketed' over 5500% in the last decade, Bitcoin rocketed several thousand percent last year.  Apple is down 17% from its peak and Bitcoin is down 84% from its peak.  Even with it's counter-trend rally today gold is down 17% from it's peak.  What goes up must come down, especially when it is pumped up with QE.  Now that the free money is drying up, who's going to buy?
5) I would disagree with that.  If he were not a stakeholder he would pay far less attention.

1)  I'm saying the following:  Cypherdoc is claiming/predicting two general things, that 1) there will be an inverse correlation between Bitcoin and gold, specifically that Bitcoin will go up and gold will go down and that 2) this will demonstrated within a time frame of "many months to years."  However, since it has only been two months, there simply is not enough data available to validate his predictions to this point.  

So, as a hypothetical example, let's say Cyperdoc has correctly predicted the direction that the gold and/or Bitcoin markets would go every day with 75% accuracy for two months straight.  He could point and say, "Look!  I've been right 75% of the time, so it appears I know what I'm talking about, and thus my predictions for the future are likely valid and yadda yadda."  And, it is true that this would make most anyone (myself included) admire his predictive ability.  But, this should be viewed with caution because now he has introduced a new time-frame that does not correspond to his initial predictive time-frame, and the two cannot be reasonably compared.  I misspoke when I said "can't possibly assume...[a positive correlation]," but rather I should have said "can only assume a weak correlation."

Basically, the point boils down to something ridiculously simple that everyone already knows -- that we don't have data from the future.  Now, if Cypherdoc gave a specific time-frame for his prediction of 6-12 months (again, for example), then we'd have something to work with.  But "many months to years" covers one hell of a lot of ground.  If he has been correct 75% of the time for 2 months, then it would be reasonable to assume that his overarching prediction will be at least somewhat on target if the predictive window is to last for only 6-12 months.  But, again, "many months to years" covers a lot of ground.  If we expand this predictive window to 20 years, then being 75% correct for 2 months doesn't really mean much of anything.  This is why I still maintain his thread title is dubious even with the "many months to years" timeline because it removes perspective from the things he is currently saying.  Essentially, he's saying that this inverse correlation is going to manifest itself "sometime," but when and to what degree, nobody knows.

2-4)  OK

5)  Depends on which is more immediately profitable to him, important to him, etc....his subscription service or his investments.
2746  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 18, 2012, 03:10:02 AM
1)  Your thread title is dubious as it does not specify a time-frame and this makes it all the more convenient for you to pick data corresponding to specific time-frames to make it appear as though you know what you're talking about.

2)  You fail to recognize (or at least you underestimate) the interdependence of the Eurozone markets and the American markets in a global economy.  Well, at least that's what I see from the 5-6 pages of this thread that I read.

3)  You haven't even been correct.  Gold and Bitcoin have been performing similarly since the date of this thread's creation.

4)  Gold has, for the past 6,000 years, been THE source of financial refuge for virtually every civilization.  When currencies fail, gold is the next best thing.  Miscreanity hit the nail on the head when he said BTC isn't ready yet.  BTC is holding at $5 purely due to speculation; you know this, I know this.  YOU are speculating, and with respect to gold, you are doing so in stark contrast to history.

5)  You are a stakeholder in that which you advocate.  You put your money in BTC, and it would be just dandy for you if everyone cashed out of PMs and invested in BTC.  AND you have a subscription service!!!  Of COURSE you are going to maintain that you are correct because who the hell wants to buy a subscription service from someone that isn't correct most/all of the time?

Cyperdoc beat me to a reply, but here's mine anyway... maybe it will mean a little more coming from someone else.

1) Since the beginning of the thread cypherdoc has been consistent that his time frame is many months to years.  It's been two months.

2) You're wrong.  He frequently discusses interdependence of various markets in his newsletter.

3) True, but again, he has been clear about a timeframe on the order of many months to years.

4) USD isn't failing, it's rocketing at the moment.  Sure, other currencies are in trouble, but people trust the USD more than they trust governments/banks to give up their rigged game and return to gold.  Gold rises on USD inflation, not deflation.  I will concede that bitcoin isn't ready and cypher is a little more bullish than I am, but again he speaks from a longer term perspective.

5) Fair point.  It doesn't make him wrong though.

Yes, cypherdoc can be cocky, but I have observed him pick quite a few corners in various markets with amazing accuracy.  He saw them coming with enough time to share the knowledge and present a very convincing case.  His methodology is good, and he's more than willing to teach anyone who can deal with his confidence without being put off.  What does picking on his personality gain you guys?  Embracing it has made me over 20% in the last two months.  Of course, I did my own due diligence and sought other opinions and research.  I wouldn't suggest taking anyone's word as gospel.

1.)  Ok.  If his time frame is "many months to years," then we can't possibly assume that anything that has happened in the past 2 months since this thread's creation is positive correlated with his prediction.

2.)  Fair enough.  As I said, I only read a few pages of this thread.  I understand this makes for uninformed assumptions, but he killed all of my motivation to go back and read it all.  He shouldn't feel bad about this, though.  I'm cocky and stubborn myself so I understand where he's coming from.

3.)  Fair enough.  Time will tell.  I do genuinely hope that he is correct for his own sake and for his subscribers'.

4.)  Rocketing?  That's going overboard.  Rocketing since when?  Gold 'rocketed' 2% overnight.  It's also 'rocketed' ~800% in the last decade.  Besides, if he's speaking from a long-term perspective, that perspective would also indicate that the US dollar has been falling like a brick.  Rocketing in this case is from a short-term perspective.

5.)  True, it doesn't make him wrong.  But I would suggest that it is more likely to make him wrong than if he were not a stakeholder.
2747  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 18, 2012, 02:33:19 AM
As gold shoots to 1575!!    Roll Eyes

I can do it too, see?
2748  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 18, 2012, 02:26:10 AM
I think Miscreanity should start a subscription service.

what happened to the Roadrunner?

I've been reading his posts, not yours.  

then you should put me on ignore.

I don't dislike you, and I've read many other intelligent posts of yours.

But, you rubbed me the wrong way with your arrogant attitude.  I would much prefer to learn about precious metals from someone who is not arrogant as they will be less likely to concede to confirmation bias and would likely remain more objective in their analysis of the data.

1)  Your thread title is dubious as it does not specify a time-frame and this makes it all the more convenient for you to pick data corresponding to specific time-frames to make it appear as though you know what you're talking about.

2)  You fail to recognize (or at least you underestimate) the interdependence of the Eurozone markets and the American markets in a global economy.  Well, at least that's what I see from the 5-6 pages of this thread that I read.

3)  You haven't even been correct.  Gold and Bitcoin have been performing similarly since the date of this thread's creation.

4)  Gold has, for the past 6,000 years, been THE source of financial refuge for virtually every civilization.  When currencies fail, gold is the next best thing.  Miscreanity hit the nail on the head when he said BTC isn't ready yet.  BTC is holding at $5 purely due to speculation; you know this, I know this.  YOU are speculating, and with respect to gold, you are doing so in stark contrast to history.

5)  You are a stakeholder in that which you advocate.  You put your money in BTC, and it would be just dandy for you if everyone cashed out of PMs and invested in BTC.  AND you have a subscription service!!!  Of COURSE you are going to maintain that you are correct because who the hell wants to buy a subscription service from someone that isn't correct most/all of the time?

6)  This one's a question.  Ask yourself this seriously; it's rhetorical.  By any chance, does the fact that you actually have subscribers give you the impression that you are more correct?



2749  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 18, 2012, 02:04:06 AM
I think Miscreanity should start a subscription service.

what happened to the Roadrunner?

I've been reading his posts, not yours. 
2750  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 18, 2012, 02:02:06 AM
I think Miscreanity should start a subscription service.
2751  Other / Off-topic / Re: I'll Make You Cringe on: May 18, 2012, 12:07:29 AM
Good news! I'm glad you're alright.

Thanks! Smiley
2752  Other / Off-topic / Re: I'll Make You Cringe on: May 18, 2012, 12:04:53 AM
I've had this, eventually after blinking, flushing with solution and moving my eye around enough it came out. I assume you have been doing this. I have also had phantom contact sensation, sometimes a small injury may feel as if something is in your eye as deego said. It sounds like yours was real though. What was the actual solution?

As it turns out, I probably got the contact out initially while I was flushing it the first day.  However, at the eye clinic they said they found an eyelash that got stuck way back behind my eye, and so they removed it.  Apparently I managed to substitute the contact for an eyelash and that's what kept irritating my eye.  So, it wasn't exactly phantom contact sensation...it was an eyelash that I thought was my contact.
2753  Bitcoin / Project Development / Re: SUCCESS! The First Grade School Bitcoin Project! on: May 17, 2012, 08:03:31 PM
..."so nobody can spent it without your permission."

^^ Just something I caught that you might want to fix.
"
My honest critique:  I think this flyer would be suitable for middle-school level, but it's going to be a lot for 4th graders.  Skimming through this, these are some words for which I think a nice explanation (perhaps using easy examples?) would be helpful for the kids:

1)  "pre-defined" mathematical rules (possible examples of a mathematical rule might be lining up from tallest to shortest)
2)  "'open source software"  (example:  you share your work in front of the class so you can get feedback on it)
3)  "true global democratic majority"  (Example:  voting in class for an activity by raising their hand)
4)  "encrypt"  (Example:  secret codes...maybe pig latin vs. English)
5)  "client"  (something or someone that works for someone else...the Bitcoin program works for them)


2754  Other / Off-topic / Re: I'll Make You Cringe on: May 17, 2012, 07:14:31 PM
And my eye is fixed!! 

Jesus Christ, what a relief.
Shopvac? Grin

No, acupuncture!   Wink
2755  Other / Off-topic / Re: I'll Make You Cringe on: May 17, 2012, 07:13:00 PM
And my eye is fixed!! 

Jesus Christ, what a relief.
2756  Bitcoin / Project Development / Re: SUCCESS! The First Grade School Bitcoin Project! on: May 17, 2012, 05:21:38 AM
...How old are these kids?
2757  Other / Off-topic / Re: I'll Make You Cringe on: May 17, 2012, 05:03:33 AM
Hope this doesn't fuck up your weekend plans.  Wink

My will is stone.
2758  Other / Off-topic / Re: I'll Make You Cringe on: May 16, 2012, 08:03:15 PM
Ummm,  why are you not going to an optomatrist ?

They have probably saw this more than a doctor..


Lets use a little common sense people..

Get the fucking thing out.. the longer its in there the more chance its making a home, and fung shuai'ing your eye hole..

I have an appointment tomorrow with the eye clinic.  Hopefully they'll be able to take care of it.
2759  Other / Off-topic / Re: I'll Make You Cringe on: May 16, 2012, 08:02:19 PM
ShopVac.

Lol this actually crossed my mind before you mentioned it.
2760  Other / Off-topic / Re: I'll Make You Cringe on: May 16, 2012, 08:01:36 PM
Dude, just go to the ER and get it out. You really don't want to look back (pun intended) years later and wonder why you didn't take care of it before it became a problem.

I'm considering it, but, as I said, the timing is absolutely horrible.  I graduated from grad school a week ago and so my health insurance coverage was terminated on Monday at 12:01 a.m. because Monday was the beginning of the summer semester.  I can't afford a trip to the ER yet because realistically it's still going to be another 1-2 months before I can get settled into a career position.  So, I'm in a bit of a bind at the moment.

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