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Nice necro.
One can palpate Bitcoin's Tension as strongly then as one can now.
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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#rg60ztgSzm1g10zm2g25zvThe 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. game over, bitcoin bubble burst, price is going back to 2013 where it came from, get ready for your $30 again  Lol. You know you're only worth about $5/h |
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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#rg60ztgSzm1g10zm2g25zvThe 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. |
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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#rg60ztgSzm1g10zm2g25zvThe 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? |
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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#rg60ztgSzm1g10zm2g25zvThe 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. |
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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#rg60ztgSzm1g10zm2g25zvThe 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. |
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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". |
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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 .. 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. |
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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.
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
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. 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.  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. 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. |
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i don't really see a problem, do you?  |
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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. |
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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. actually, the Bitcoin > gold argument has been making tremendous strides, if you hadn't noticed. and the inverse price action since gold's top in Sept 2011 has caught everyone's attention, rightfully so. more and more of the gold evangelists have started migrating over to Bitcoin and even accepting Bitcoin for gold. gold mining stocks have been obliterated with GDXJ at it's all time low. no wonder given how destructive a ledger technology it really has been shown to be: http://www.coindesk.com/microscope-economic-environmental-costs-bitcoin-mining/ 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? 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. |
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"i'm expecting some bank trouble again so i've spread them out in multiple bank accounts trying to keep them close to the $250,000 limit."
Cypher, I'm pretty sure the $250K insurance is a limit and is aggregated across all fdic bank accounts. That needs verification but someone else may know for sure.
no, it's per account. |
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why don't you let him speak for himself? i'll take some intellectual arguments for why gold is superior now.
Gold is fungible (no tainted ounces), oh really? http://www.goldcoinbalance.com/http:/www.goldcoinbalance.com/fake-tungsten-gold-coins
durable (no electricity/internet required),
i seriously doubt we'll get a failure of the internet.
universally recognized as sound money (not a newfangled Ponzi scheme), who takes gold in real commerce? and i don't mean one offs. i mean on a regular basis like Overstock, Dell, Expedia, Newegg
and not easy to counterfeit/easy to authenticate via density, color, acoustics, resistance, and ductility (can't be cloned or otherwise displaced by altcoins).
it's actually difficult if you don't want to deface the coin or bar. the counterfeit detectors aren't cheap.
Gold can be made into jewelry like bangles and wedding rings, which are most helpful in finding a mate and storing wealth for a future family.
gold can be easily confiscated if you have significant amounts. |
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nothing but trolling.
cypher, you have repeatedly admitted that this is thread is your stage to troll. Unlike you, I'm not trolling. I've never said that gold is superior to Bitcoin in every respect or vice versa. To say that Bitcoin is superior to gold in all respects is patently stupid. To state the opposite is equally stupid. You're either colossally ignorant or just like picking fights, not really sure which. yeah i said that just to provoke guys like you. but yet i fill this thread with real content and opinion that is intellectually sound, provocative, or at least logical. how many ppl have come forward and graciously said that this is one of their favorite or even most favorite threads? if i was trolling, do you think they would say shit like that? would so many ppl be following this thread including yourself, thank you very much? this is your problem, you continually focus on the negative. i'll take some intellectual arguments for why gold is superior now. |
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If you think gold will suffer under this scenario, you're kidding yourself. Whether Bitcoin will outperform gold is another matter. Bitcoin has been outperforming gold and silver for 3 yrs now. when are you going to learn? As usual, you completely missed the point (and conveniently neglect to mention Bitcoin's lousy performance this calendar year). Who do you think you're fooling by twisting the data? ya know, when you first popped up here maybe 6 mo ago, you asked me to give an argument as to why Bitcoin was superior to gold. at the time, i just ignored your trolling. but since then, in dozens of posts not directed at you, i have in fact given numerous logical, coherent arguments as to why Bitcoin is in fact superior to gold. what have we all gotten from you in terms of an intellectual argument as to why gold is better than Bitcoin? answer: nothing. nothing but trolling. |
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