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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1936076 times)
justusranvier
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August 20, 2014, 01:20:09 PM
 #10861

BTC is a safer bet than gold imo

Not safer. It has a higher risk of going to zero. Much more +EV though.

Would you rather take 30 of these:



Or 2700BTC?

If you cant take anything in between?

2700 BTC if the current price is higher.

Gold safe bet is about 4x in the future (gold $5000) whereas Bitcoin still has at least 10x to go. It's about risk/reward.

But you can't really say. I personally own both. I see gold safest bet there is. BTC is still a mystery in long run. Have some just in case, but wont make a dent if BTC goes zero.
Gold is an anchor that leaves you locked into a limited geographical area.

You can take 100% of your Bitcoin savings with you undetectably across any imaginary line on a map.
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Microbit001
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August 20, 2014, 01:21:08 PM
 #10862

Never cared about gold prices, its very stable.

BTC rising is what everyone wishes  Wink
cypherdoc
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August 20, 2014, 02:10:25 PM
 #10863

Never cared about gold prices, its very stable.

BTC rising is what everyone wishes  Wink

sort of.  of course i'll point to the drop from 1923 to now as counter argument.

but there is a boatload of theoretical reasons why Bitcoin is superior as i've tried to document in this thread ad nauseum.  if my message was untrue, this thread wouldn't be so popular.  yes, it's still debatable, but i see a trend in sentiment and price.
cypherdoc
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August 20, 2014, 02:26:06 PM
 #10864

the plunge is coming.  you hear that Teebone?

cypherdoc
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August 20, 2014, 02:30:31 PM
 #10865

smack these bitches:

cypherdoc
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August 20, 2014, 02:31:20 PM
 #10866

smack these bitches:



oh, and use USD leverage  Wink
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August 20, 2014, 04:00:55 PM
 #10867

look at the pussies run.  now, time to add USD leverage:

vuduchyld
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August 20, 2014, 04:33:12 PM
 #10868

BTC is a safer bet than gold imo

Did some math Smiley

Heres all the gold in the world:



All the Bitcoin ever mined is about 2,7 metres high cubic in gold current
Spot bid and BTC bid value.

Fabulous.
cypherdoc
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August 20, 2014, 04:54:20 PM
 #10869

BTC is a safer bet than gold imo

Did some math Smiley

Heres all the gold in the world:



All the Bitcoin ever mined is about 2,7 metres high cubic in gold current
Spot bid and BTC bid value.

Fabulous.

now fit all the BTC in the world into that pic.
wachtwoord
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August 20, 2014, 05:02:03 PM
 #10870

BTC is a safer bet than gold imo

Not safer. It has a higher risk of going to zero. Much more +EV though.

Would you rather take 30 of these:



Or 2700BTC?

If you cant take anything in between?

Wow 2700 BTC will comfortably put you in the Validimir club. I'd take that any day of the week Wink
cypherdoc
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August 20, 2014, 05:04:43 PM
 #10871

BTC is a safer bet than gold imo

Not safer. It has a higher risk of going to zero. Much more +EV though.

Would you rather take 30 of these:



Or 2700BTC?

If you cant take anything in between?

Wow 2700 BTC will comfortably put you in the Validimir club. I'd take that any day of the week Wink

how'd you know all those bars were filled with tungsten?  oh, you didn't?
wachtwoord
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August 20, 2014, 05:07:17 PM
 #10872

BTC is a safer bet than gold imo

Not safer. It has a higher risk of going to zero. Much more +EV though.

Would you rather take 30 of these:



Or 2700BTC?

If you cant take anything in between?

Wow 2700 BTC will comfortably put you in the Validimir club. I'd take that any day of the week Wink

how'd you know all those bars were filled with tungsten?  oh, you didn't?

Of course I didn't. I just assumed they were gold for this thought experiment.
rpietila
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August 20, 2014, 05:08:38 PM
 #10873

how'd you know all those bars were filled with tungsten?  oh, you didn't?

AFAIK the tungsten (W) bars are only used in insider operations where you are supposed to store gold (Au) in a vault, but swap them for bars of a cheaper metal, keep the gold in your private vault, and sell paper to the market to suppress the price.
cypherdoc
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August 20, 2014, 05:34:39 PM
 #10874

shorts coming down.  time to leverage USD:

cypherdoc
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August 20, 2014, 05:37:18 PM
 #10875

how'd you know all those bars were filled with tungsten?  oh, you didn't?

AFAIK the tungsten (W) bars are only used in insider operations where you are supposed to store gold (Au) in a vault, but swap them for bars of a cheaper metal, keep the gold in your private vault, and sell paper to the market to suppress the price.

no, they made it out to the public dealers:  http://www.zerohedge.com/news/2012-09-23/gold-counterfeiting-goes-viral-10-tungsten-filled-gold-bars-are-discovered-manhattan
cypherdoc
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August 20, 2014, 06:02:32 PM
 #10876

Gold collapsing.  Bitcoin up.
cypherdoc
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August 20, 2014, 06:03:31 PM
 #10877

USD ramping...
cypherdoc
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August 20, 2014, 06:04:16 PM
 #10878

poor gold:

http://www.zerohedge.com/news/2014-08-20/fomc-minutes-show-many-members-believe-rates-should-rise-sooner
Spaceman_Spiff
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August 20, 2014, 06:08:25 PM
 #10879


This is baddish for inflation-adjusted bitcoin prices too, no?  Protection from inflation is one of the drivers for bitcoin adoption.
Still, talk is cheap, let's see what they really do.
cypherdoc
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August 20, 2014, 06:12:28 PM
 #10880


This is baddish for inflation-adjusted bitcoin prices too, no?  Protection from inflation is one of the drivers for bitcoin adoption.
Still, talk is cheap, let's see what they really do.

i used to think that but i've changed my mind.  until i'm proven wrong.

Bitcoin being such a technological revolutionary force for money might actually thrive no matter we get deflation or inflation.  it's supermoney.  as an optimist for the future b/c of technology, a shift to a supermoney like Bitcoin could actually be the cause of deflation of all other assets, which could be a good thing.  a move to sound money will help everyone, not just a select few.

as we see for now, Bitcoin rising in the face of the announcement.  it's TIME.
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