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9921  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 23, 2014, 04:07:06 AM

Ha, you need to lurk more  Wink  I have been investing in gold since 1992.

Wow, that's a long-ass time - it might explain your frustrations with gold. Understandable.

Nevertheless, what you first suspected with me might be the case with you - you sound pretty uninformed on gold!

Anyways, let's let that discussion be now. Hopefully both assets will go through the roof...

Now you are being mildly insulting. I invested significantly in 2002 to 2004. I then sold out near the highs in 2010/2011 to get into BTC.

I am not at all frustrated with gold and one of the few here on this form who would even tell you it is worth holding at all.

You realize gold is manipulated, you just do not understand how much. You assume incorrectly that the manipulators will fail at their game soon. You fail to understand this game has been going on for 500 years. They know what they are doing and the fact that you think you know better than them is just laughable. You might get lucky a couple of times on calls but with arrogance like this in the market you will get destroyed in the end.



Hey Goat,

I have a kind of newbie gold-manipulation question... I've never really understood what it even means to manipulate the price of gold. Is there an ELI5 version of how the price of gold is manipulated? Or is the only answer long and complicated and I have read books about it to know...

Thanks in advance!

The very simple answer is about 5 banks get to just make up the price of gold and that is what it is. This is not a transparent process.


thing is, people can "naked short" the PM market

this means they have no gold to sell, they don't barrow gold to sell, they use Dollars to short the market.

gold bugs hate this, and say that the reason gold is going down is because the FED and banks are naked shorting the PM market to oblivion in order to keep the appearance that the market isn't going totally crazy because everyone sees the end of the dollar in sight.

which is believable, if gold was allowed to run up to 15,000$ an ounce, poeple might start to talk about it, and then they would be exposed to the whole USD is worthless fiat thing. and they would lose confidence in USD  and run to gold, then the USD would be toast....

Bitcoin is not so easily manipulated, no one can naked short bitcoins...

in conclusion, bitcoin is what will kill the dollar, not gold, but gold maybe a good buy right now, because its been heavily manipulated down, once the system collapses the manipulation will stop, and it should be more valuable, but keep in mind that gold has value because it is seen as a safe haven should the system crash. clearly bitcoin is the safe haven should the system crash, so whats an oz of gold good for now. Gold sucks balls, silver is equally manipulated and carries less speculative value.

final conclusion, buy silver because bitcoin is what will kill the dollar.

 Cheesy

9922  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 03:13:55 AM

...

This chart of the early Amazon bubble could be similar to what we are currently experiencing with Bitcoin price:



i'd rather think we are about there when considering Amazon Smiley



omg this makes me want to buy so badly.

also how do i short amazon?


YOu should buy some ripple !

no i want to short the shit out of amazon

where do i do that?

at some registered stockbroker in your country i guess

i found questrade.com

SHORT ALL THE BUBBLES!!!!!!!!!!!!!!!!

 Cheesy
9923  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 02:57:33 AM
9924  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 02:36:24 AM

...

This chart of the early Amazon bubble could be similar to what we are currently experiencing with Bitcoin price:


i'd rather think we are about there when considering Amazon Smiley



omg this makes me want to buy so badly.

also how do i short amazon?


YOu should buy some ripple !

no i want to short the shit out of amazon

where do i do that?
9925  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 02:04:55 AM

...

This chart of the early Amazon bubble could be similar to what we are currently experiencing with Bitcoin price:


i'd rather think we are about there when considering Amazon Smiley



omg this makes me want to buy so badly.

also how do i short amazon?
9926  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 01:23:42 AM

T'is the time for that fekken train!!!!!!!!!!

CCMF time!!

LOL this is just excellent.

Canadian Credit and Management Foundation @ gox right now.

no kidding, stupid Canadian Credit and Management Foundation has the Canadian exchange sitting at between 60 to 80 bucks above stamp for much too long.

Someone needs to show these bulls that this train can choo choo down too!

Someone? Anyone? Bueller?

thats cuz  1 CAD = 0.89USD

if anything coins are one hell of a bargain price on virtex right now
9927  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 12:13:17 AM
wtf it just keeps bouncing back.

this is getting aggravating

everyone hit sell all at once already.
9928  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 12:03:38 AM
come on 814! someone dump it to 814 and an army of chart watchers will do the rest!
9929  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 12:02:07 AM
So far, this is a "down" day, and Bitcoin hasn't had more than three down days in a row since Sept. 2013.  This is the third down day. 

Maybe BTC is about to establish another new record?

if it break the 3 days pattern i am afraid the panic is going to be huge..

Break all the patterns!
9930  Economy / Speculation / Re: Buy and hold now on: January 22, 2014, 11:58:25 PM
EDIT: I bought 17 Coins @$780 (Stamp) 2-3 months ago. After a lot of ups and downs Iīm still nearly there where I started. I would say, only invest in long term. I will hodl until its worth to cashout.

I bought loads of coins at those price levels, sold, bought more, sold, bought more. I have made several thousand quid since late November when I started speculating with Bitcoin.

I did however also by a shed load of coins at $1100. The price dipped to $1050, then lower. I started to sell at a loss.

What do you think the advice was from the mainstay of the Bitcoin Nutter dipshits on this forum?

"If u sell now, u will only be crying when you have to buy back in later at $1300"

lol...idiots.

The losses I took were soon recooperated by further trading around the double top and twice have I caught Bitcoin spot price deathslides (that 'nobody seen coming' at least not going by the drivel written on this forum) pretty damn near the bottom, making a packet the first time around and admittedly pishing my pants on the second one, buying in at $540 but panic selling at $490. Since then, I have continued to trade Bitcoin, winning some and losing some, but mostly winning.

If I had done what you have done, which is exactly what most of the arseholes on this forum would have recommended I do. I wouldn't have made thousands, I would be simply treading water. No better off than I was  two months ago.

I am glad I know better than to allow myself to be bamboozled by The Bitcoin Nutter.

I hope you realize " The Bitcoin Nutter " of these days is to sell before it "drops".
9931  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2014, 11:49:17 PM
Sell now, come back in a year or two according to the dotcom bubble. Or hodl and donīt panic if it getīs back to 150$  Cheesy Cheesy

my god 150$ something serious would have to happen. seriously serious

9932  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2014, 11:00:15 PM
Breaking news.  Cheesy







buybuybuy


thx i loled big time Cheesy sell sell sell!

this doesn't work bitcoin is not in a bubble

9933  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2014, 10:57:56 PM
Buy to Mtgox $955? Because of Google? Come on now....  Undecided

but

very misleading
much lies
such  exaggeration
9934  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2014, 10:43:20 PM
Any CCMF left for a rally? Sad

I want a 6-12% drop, so i think not.
9935  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2014, 08:51:39 PM
i think sideways till next week. next week we will see dumps in anticipation of china confirming the bad news, then china will indeed confirm the bad news markets will plummet and bounce back everyone all the hodlers will be like "that wasn't so bad", everyone feels its safe to buy cheap 6XX$ coins, price doubles in 2 weeks time, poeple start seeing ATH! suddenly no one gives a shit about china and all they see is $_$, a mega bubble form hell forms everyone feels rich and go out spending $'s while hodling bitcoin, which improves the economy, then the bitcoin bubble pops at 32,000$, by that time everyone has spent all their fiats, and   so    a   comet hits the earth and kills everyone! obama's dog is the only survivor because we was hanging out in the bunker when the comet hit, doggies around the world start trading doggy coins for goods and services.
9936  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2014, 08:13:13 PM
Seriously guys - STOP USING GOX.

The volume is so low it's pitiful. Look at btc-e, stamp and huobi for what is really going on. No-one with money follows gox anymore.

What are you talking about..  Gox > BTC-e.

no.
9937  Economy / Speculation / Re: $5k shortly, you know it as well as I on: January 22, 2014, 08:04:08 PM
I am nearly 100% confident that we will see $10,000 before the end of 2014.

Then put your bitcoins where your mouth is.

easy money, and the odds are in favor of the obvious winner, sweetness!

^thats a joke

don't no one gamble in this fashion just buy or sell on the market to place your bets come on people...
9938  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2014, 07:46:05 PM
Blue Line shows my best guess on where we are headed

http://imgur.com/GFGbqu7

you colored outside the lines.... your doing it wrong!
9939  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2014, 07:44:10 PM
And where we are heading:



Much TA
   Very accurate
       Such truth
9940  Economy / Speculation / Re: Buy and hold now on: January 22, 2014, 07:40:08 PM
my advice to first time investors has always been to buy SOME right away without delay, and HOPE that it goes down so you can buy more!


that way if it goes up you're making money so thats cool

if it goes down you can lower your avg price and thats even cooler
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