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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1807123 times)
cypherdoc
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August 20, 2014, 02:26:06 PM
 #10881

the plunge is coming.  you hear that Teebone?

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cypherdoc
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August 20, 2014, 02:30:31 PM
 #10882

smack these bitches:

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August 20, 2014, 02:31:20 PM
 #10883

smack these bitches:



oh, and use USD leverage  Wink
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August 20, 2014, 04:00:55 PM
 #10884

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

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August 20, 2014, 04:33:12 PM
 #10885

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
 #10886

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.
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August 20, 2014, 05:02:03 PM
 #10887

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
 #10888

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?
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August 20, 2014, 05:07:17 PM
 #10889

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
 #10890

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
 #10891

shorts coming down.  time to leverage USD:

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August 20, 2014, 05:37:18 PM
 #10892

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
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August 20, 2014, 06:02:32 PM
 #10893

Gold collapsing.  Bitcoin up.
cypherdoc
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August 20, 2014, 06:03:31 PM
 #10894

USD ramping...
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August 20, 2014, 06:04:16 PM
 #10895

poor gold:

http://www.zerohedge.com/news/2014-08-20/fomc-minutes-show-many-members-believe-rates-should-rise-sooner
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August 20, 2014, 06:08:25 PM
 #10896


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
 #10897


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.
cypherdoc
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August 20, 2014, 06:16:54 PM
 #10898

Bitcoin UP, everything else DOWN.

except for the USD of course.  but if Bitcoin ends up being used as a backing for the USD as a reserve currency, then that would make sense.
smoothie
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August 20, 2014, 06:18:59 PM
 #10899

Bitcoin UP, everything else DOWN.

Wrong: https://bitcoinwisdom.com/markets/btce/ltcbtc  and https://bitcoinwisdom.com/markets/btce/ltcusd   Grin Grin Grin

Cypher you know better than to spread misinformation. Come on man.  Roll Eyes

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chriswilmer
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August 20, 2014, 06:19:13 PM
 #10900


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.

I agree with cypherdoc... but I would put it more simply. Bitcoin is just very small right now and its behavior/price isn't dominated by macroeconomic trends. Once the it is being used by more than 1% of the world's population, then I think its price will be closely correlated with things like GDP and the relative inflation rates of other currencies.
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