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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1808252 times)
cypherdoc
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May 07, 2012, 12:00:11 AM
 #1001



What I'm more interested in is how Bitcoin will respond Smiley

The Dash for Digital Cash.
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miscreanity
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May 07, 2012, 02:36:13 AM
 #1002

the slow grind down.

The Dash for Digital Cash.

You should be in marketing Smiley
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May 07, 2012, 03:56:32 AM
 #1003

the slow grind down.

The Dash for Digital Cash.

You should be in marketing Smiley

What makes you think he's not?  Wink
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May 07, 2012, 04:13:09 AM
 #1004

the slow grind down.

The Dash for Digital Cash.

You should be in marketing Smiley

What makes you think he's not?  Wink


well if i'm a marketer, then you 2 are cheerleaders  Wink
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May 07, 2012, 03:49:44 PM
 #1005

Its that time.

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 5/7

Bitcoin 5.07   (down ~6%)

Gold 1637  (down ~3%)




AAPL 562
cypherdoc
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May 07, 2012, 03:52:16 PM
 #1006

Its that time.

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 5/7

Bitcoin 5.07   (down ~6%)

Gold 1637  (down ~3%)




AAPL 562


you are desperately trying to ignore the fact that gold/silver is withering away and Bitcoin is slowly rising.  like i said, you're just lucky Bitcoin got hit with that negative news event 2d after i started this thread that took it straight down from $5.40 to $4.60  Wink

that's ok; i'm making money on the general direction on both sides. Smiley
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May 07, 2012, 03:56:34 PM
 #1007

Its that time.

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 5/7

Bitcoin 5.07   (down ~6%)

Gold 1637  (down ~3%)




AAPL 562


desperately trying to ignore the fact that gold/silver is withering away and Bitcoin is slowly rising.  like i said, you're just lucky Bitcoin got hit with that negative news event 2d after i started this thread that took it straight down from $5.40 to $4.60  Wink

that's ok; i'm making money on the general direction on both sides. Smiley

What fact is that? lol.  That gold is still outperforming btc over the span of this thread?? Wink

I'd prefer for them both to be positive over the last 2 months, but I'll ride out a lil downslide in both Wink
cypherdoc
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May 07, 2012, 03:59:00 PM
 #1008

it's that time again:

Charge!!!!!!!!!


cypherdoc
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May 07, 2012, 04:02:32 PM
 #1009

Its that time.

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 5/7

Bitcoin 5.07   (down ~6%)

Gold 1637  (down ~3%)




AAPL 562


desperately trying to ignore the fact that gold/silver is withering away and Bitcoin is slowly rising.  like i said, you're just lucky Bitcoin got hit with that negative news event 2d after i started this thread that took it straight down from $5.40 to $4.60  Wink

that's ok; i'm making money on the general direction on both sides. Smiley

What fact is that? lol.  That gold is still outperforming btc over the span of this thread?? Wink

I'd prefer for them both to be positive over the last 2 months, but I'll ride out a lil downslide in both Wink

like S3052 and waveaddict have pointed out, the date this thread began wasn't some sort of "starting" point to be measured against.  the title of the thread is a general direction call over weeks to months even years time.
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May 07, 2012, 04:03:27 PM
 #1010

It's gonna be close.  If AAPL continues this downfall, it'll be right about 500 on june 10th Wink.

Probably about to perk up thu, its getting awfully cheap, bout due for a big up day.
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May 07, 2012, 04:06:22 PM
 #1011

It's gonna be close.  If AAPL continues this downfall, it'll be right about 500 on june 10th Wink.

Probably about to perk up thu, its getting awfully cheap, bout due for a big up day.

yeah, i have to agree with you on that one.  i should've asked for 3mo and i'm sure you would've taken it.

all it has to do is touch $500 intraday and i win, right?  that's the bet.
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May 07, 2012, 04:09:37 PM
 #1012

Bitcoin slowly grinding UP.  that starfish is going to get stuffed.
silverbox
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May 07, 2012, 04:11:46 PM
 #1013

It's gonna be close.  If AAPL continues this downfall, it'll be right about 500 on june 10th Wink.

Probably about to perk up thu, its getting awfully cheap, bout due for a big up day.

yeah, i have to agree with you on that one.  i should've asked for 3mo and i'm sure you would've taken it.

all it has to do is touch $500 intraday and i win, right?  that's the bet.

Sure.  If its gonna touch 500 intraday, its prob gonna close below 500 within a few days even if it doesn't that day Wink
MarketNeutral
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May 07, 2012, 04:21:53 PM
 #1014

If you'll permit me to add an asterisk to the gold commentary.....

Gold is up year to date, year over year, over the past five years, and over the past ten years, over the past twenty years, over the past fifty years, and over the past one hundred years.

Before the creation of the Fed? Well, that's a different story.

But gold is not really an investment in the traditional sense. It's a traditional asset.

Until the world's debt crisis is resolved, gold will appear to rise, because gold extinguishes debt and has no counter-party risk. I'm talking about decades of price discovery as debt continues to self-destruct.

Depending on who's crunching the numbers, the world's debt is near or above one quadrillion USD against a global net worth of between sixty-five and two hundred trillion USD. How many bitcoins is that?

Understand exponential growth and you understand the problem facing the debt-based monetary system.

From the broadest possible macro perspective, the world's primary economic concern is reconciling actual economic output (taking into account resource depletion, resource distribution, demographics, etc) with a hopelessly unpayable global debt.


There's no reason gold and bitcoins need to be mutually exclusive. They can function together quite well, I think.
notme
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May 07, 2012, 04:43:43 PM
 #1015

How many bitcoins is that?

21 Million, but the value per coin is going to need to go up quite a bit Wink.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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cypherdoc
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May 07, 2012, 04:59:22 PM
 #1016

 Roll Eyes



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May 07, 2012, 05:07:32 PM
 #1017

Has this been posted? What do people think? http://www.youtube.com/watch?v=tj2s6vzErqY

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BTC: 1D5A1q5d192j5gYuWiP3CSE5fcaaZxe6E9  PPC: PH7fVn1Xs7nkUFmdwCX2ZRYfLPCSwGxAq9
MarketNeutral
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May 07, 2012, 05:10:47 PM
 #1018

How many bitcoins is that?

21 Million, but the value per coin is going to need to go up quite a bit Wink.

Correct!  Grin
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May 07, 2012, 06:36:37 PM
 #1019

If you'll permit me to add an asterisk to the gold commentary.....

Gold is up year to date, year over year, over the past five years, and over the past ten years, over the past twenty years, over the past fifty years, and over the past one hundred years.

Before the creation of the Fed? Well, that's a different story.

But gold is not really an investment in the traditional sense. It's a traditional asset.

My feeling is that trying to draw a distinction between 'investments' and 'assets' tends to simply muddy the waters in a lot of cases.  Particularly in times of change, and we are in one now as we were in the early 70's, following WW-II, and countless times before that.

Until the world's debt crisis is resolved, gold will appear to rise, because gold extinguishes debt and has no counter-party risk. I'm talking about decades of price discovery as debt continues to self-destruct.

Bitcoin is also an asset which is nobody's liability.  In my mind, BTC is much more like Gold than it is like the USD for this reason.  As someone who is light on liabilities, both BTC and PM's appeal to me very much.

It's been a long time since anyone was overtly burnt by this asset/liability issue so it is not front and center in people's minds.  (Actually, I would argue that people are covertly burnt by the issue all the time, but anyway...)  I have significant paranoia that the asset/liability thing could come to the for with rapidity, and any day.

Depending on who's crunching the numbers, the world's debt is near or above one quadrillion USD against a global net worth of between sixty-five and two hundred trillion USD. How many bitcoins is that?

Understand exponential growth and you understand the problem facing the debt-based monetary system.

Happily for TPTB, very few people do.

From the broadest possible macro perspective, the world's primary economic concern is reconciling actual economic output (taking into account resource depletion, resource distribution, demographics, etc) with a hopelessly unpayable global debt.

I'm not ruling out the possibility that things could limp along in current form for many years.  Even decades.  But I also feel that it is just as possible that it could collapse happen tomorrow.  As long as there is not an excessive opportunity cost in keeping my investments/assets in a form which is more immune from loss if some entity cannot honer their liabilities, I choose to largely do so.

There's no reason gold and bitcoins need to be mutually exclusive. They can function together quite well, I think.

This is a point that I've been trying to make forever.

I feel that Gold is a good 'reserve' but there are difficulties in 'exchange'.  Bitcoin, on the other hand, is great on the 'exchange' side of the spectrum, but I (seemingly alone) do not consider it a good 'reserve' currency.  Marry the two (or at least get them being regular fuck-buddies) and one has a very robust solution which would be relatively cumbersome for attackers to meddle with.


cypherdoc
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May 07, 2012, 06:41:51 PM
 #1020

Bitcoin, on the other hand, is great on the 'exchange' side of the spectrum, but I (seemingly alone) do not consider it a good 'reserve' currency.  Marry the two (or at least get them being regular fuck-buddies) and one has a very robust solution which would be relatively cumbersome for attackers to meddle with.

why do u think it wouldn't fx well as a reserve currency?  nightly settlements btwn nations could occur in an instant unlike gold and no centralized warehouses for bullion would be needed.
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