Gold collapsing. Bitcoin UP.

[cypherdoc]

https://twitter.com/cypherdoc2/status/494945288302653440

[1714492187]

1714492187

[1714492187]

1714492187

[Adrian-x]

That's right Mel, my thinking on Bitcoin has changed.  Amazing what can happen after pondering and finding better ways to accumulate wealth.  Start a business.  That's what I did.

Bang on here, I'll add buy Bitcoin with the profits. That's what I did, now I know what backs Bitcoin it's excess profit.

[Adrian-x]

And I do apologize for referring to Bitcoin as "garbage".  It's not, but I could really use the real estate more than the coins right now.  Running out of space.  Back to work ..

BitcoinTangibleTrust: You're cherry picking the data.  Where were you when coin dropped to 560 and gold held in the mid 1290s yesterday?

and you didn't when you quoted the monthly performance figures?

this thread is older than you and this is why all of us agreed to use the beginning of this thread as a fair comparison point to evaluate the success or failure of my thesis; this was at the suggestion of Silverbox, another dead and buried gold bug, which is why it's called the Silverbox Update.

I was a late comer so I thought Cypher had just got lucky. So I exited Bitcoin at an average of $13 and bought gold coins at an average of $1989 per oz.

I have a small gold position but tracked in Bitcoin it's a life changing mistake. If you want to cherry pick I say one should put your money where your mouth is and STFU.

+1 Cypher
any new calls not backed by risk are just hot air.

[Adrian-x]

@traderCJ

Here is the Silverbox update Cypher is reffering to



Since the beginning of this thread (which is not a cherry-picked point):

GOLD DOWN:  -24.2%

BTC UP:  +11,075%


OR


GOLD DOWN:  -99.32% when priced in BTC

BTC UP:  +14,603% when priced in Gold


Maybe we should rename this the TraderCJ update

wow!

Wow +1 lets add the DOW back too.

[sidhujag]

Interesting that bitcoin shot up the day the market crashes.. seems the anti-market sentiment for bitcoin is working.. so when gold crashes OR when stocks crash money pours into bitcoin.. awareness is spreading and real money is coming in with only 21 million coin even 1% of the top elite coming in would push us to $10k.

[cypherdoc]

[smoothie]

Time to rocket up.

I love how Cypher has essentially discontinued his private news letter and has now given a quasi-version of his letter publicly in this thread.

Loving it. 

[cypherdoc]

you can see why Apple was forced to reimplement Bitcoin wallets:

[cypherdoc]

Time to rocket up.

I love how Cypher has essentially discontinued his private news letter and has now given a quasi-version of his letter publicly in this thread.

Loving it. 

if you'll remember, i established the newsletter cuz i was getting tired of sharing my ideas only to be heavily trolled here in this thread.  figured i'd just share with the ppl who appreciated me.

did that, was highly successful, trolling here mostly disappeared, i got tired of publishing it, and now i'm right back here still doing it. 

[smoothie]

Resistance is futile is why.

[Ivanhoe]

Keep up the good work cypher, it is well appreciated. I'm sure there are a lot people lurking this thread.

[cypherdoc]

Resistance is futile is why.

actually, there was one other reason i gave it up; tvbcof.

that SOB would constantly troll me and my newsletter, out of envy i'd guess, trying to provoke me.  you can tell he's envious b/c of the things he says about how y'all ought to be thanking him for making this or that call.  he'd say all sorts of disrespectful stuff to try and discourage subscribers to my letter.  as a professional with a Bitcoin business, i couldn't fight back.  now that i've discontinued it, the gloves are off any time he comes around here and trolls me for no good reason.  i'll bet he even noticed a pick up in my willingness to retort but doesn't know why. now he does.  

just a little history.

[cypherdoc]

https://twitter.com/cypherdoc2/status/495019234381266944

[HeliKopterBen]

Wow +1 lets add the DOW back too.

Since the beginning of this thread:


GOLD DOWN:  -24.2%

BTC UP:  +11,075%


OR


GOLD DOWN:  -99.32% when priced in BTC

BTC UP:  +14,603% when priced in Gold


-------------------------------------------------------------------------------------------------------


DOW UP:  +25%

BTC UP:  +11,075%


OR


DOW DOWN:  -98.88% when priced in BTC

BTC UP:  +8,878% when priced in DOW

[Melbustus]

Arghh... The LA Times is quoting Mark Williams in an article on the Coinabul mess: http://www.latimes.com/business/technology/la-bitcoin-defrauding-20140729-story.html

How they can present that guy as a valid opinion for anything bitcoin related is beyond me. Don't know why it annoys me so much, but it does.

The author is Riley Snyder. I think people should point out to him what a terrible source Williams is. His twitter handle is: @RileySynder . CCing @latimes probably wouldn't hurt either. And he can be emailed here: Riley.snyder@latimes.com

[Adrian-x]

Thanks HeliKopterBen.

[smoothie]

Wow +1 lets add the DOW back too.

Since the beginning of this thread:


GOLD DOWN:  -24.2%

BTC UP:  +11,075%


OR


GOLD DOWN:  -99.32% when priced in BTC

BTC UP:  +14,603% when priced in Gold


-------------------------------------------------------------------------------------------------------


DOW UP:  +25%

BTC UP:  +11,075%


OR


DOW DOWN:  -98.88% when priced in BTC

BTC UP:  +8,878% when priced in DOW

When you put it into terms like that this blows my mind. 

[molecular]

Time to rocket up.

I love how Cypher has essentially discontinued his private news letter and has now given a quasi-version of his letter publicly in this thread.

Loving it. 

if you'll remember, i established the newsletter cuz i was getting tired of sharing my ideas only to be heavily trolled here in this thread.  figured i'd just share with the ppl who appreciated me.

did that, was highly successful, trolling here mostly disappeared, i got tired of publishing it, and now i'm right back here still doing it. 

well: thank you. One of my favorite threads.

[Erdogan]

What we see with government debt as in Argentina, is that after a default, the market "forgives" a county, and start lending again. Then we have the same thing going.

Analysis: Government debt is a pyramid scheme, where everybody knows that they will go bust again, but, starting at low value, they will appreciate for a while, until they don't.

[BldSwtTrs]

Time to rocket up.

I love how Cypher has essentially discontinued his private news letter and has now given a quasi-version of his letter publicly in this thread.

Loving it. 

if you'll remember, i established the newsletter cuz i was getting tired of sharing my ideas only to be heavily trolled here in this thread.  figured i'd just share with the ppl who appreciated me.

did that, was highly successful, trolling here mostly disappeared, i got tired of publishing it, and now i'm right back here still doing it. 

well: thank you. One of my favorite threads.

+1