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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1808036 times)
smoothie
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August 20, 2014, 06:21:54 PM
 #10901


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.

Bitcoin is tiny right now in comparison to the world's total derivatives markets.

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
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cypherdoc
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August 20, 2014, 06:24:07 PM
 #10902

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

GO smoothie GO!!!
chriswilmer
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August 20, 2014, 06:26:00 PM
 #10903

I have a soft spot for Litecoin... but I would be wary of holding it if Bitcoin starts uber-rallying.
cypherdoc
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August 20, 2014, 06:31:16 PM
 #10904

penetration of the support as called.  plunge incoming:

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August 20, 2014, 06:43:15 PM
 #10905

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:

http://www.usacoinbook.com/us-coins/gold-bar-1-kilo.jpg

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.

How many of "those" you own?
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August 20, 2014, 06:52:41 PM
 #10906

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

GO smoothie GO!!!

So let's not address what I just posted. Okay moving on... Roll Eyes

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           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
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                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
cypherdoc
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August 20, 2014, 07:05:17 PM
 #10907

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

GO smoothie GO!!!

So let's not address what I just posted. Okay moving on... Roll Eyes

ok, you're serious. (btw, you added that last sentence after i responded  Roll Eyes)

let me define what i think of as "everything" --> stocks, bonds, oil, gold, silver, soft commodities, and some fiat currencies.

i DON"T include Litecoin or any of the alts unless i specify them.
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August 20, 2014, 07:12:10 PM
 #10908

jam the shorts, baby.
cypherdoc
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August 20, 2014, 07:15:14 PM
 #10909

Dear Shorts,

it's only going to get worse when that little green line turns UP.

Sincerely,

cypherdoc

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August 20, 2014, 07:15:22 PM
 #10910

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

GO smoothie GO!!!

So let's not address what I just posted. Okay moving on... Roll Eyes

ok, you're serious. (btw, you added that last sentence after i responded  Roll Eyes)

let me define what i think of as "everything" --> stocks, bonds, oil, gold, silver, soft commodities, and some fiat currencies.

i DON"T include Litecoin or any of the alts unless i specify them.

Ok so it is "everything". Gotcha.  Wink

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███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
smoothie
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August 20, 2014, 07:19:03 PM
 #10911

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

GO smoothie GO!!!

Looks like you quoted it for you to preview before posting it. Thanks for clarifying what "everything" is and isn't. How can one assume it doesn't include Alts when you appear to discuss them on a daily basis in this very thread?  Roll Eyes

███████████████████████████████████████

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           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
Chalkbot
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August 20, 2014, 08:07:42 PM
 #10912



Where does this chart come from?
cypherdoc
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August 20, 2014, 08:09:36 PM
 #10913

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

GO smoothie GO!!!

Looks like you quoted it for you to preview before posting it. Thanks for clarifying what "everything" is and isn't. How can one assume it doesn't include Alts when you appear to discuss them on a daily basis in this very thread?  Roll Eyes


first off, you know you added that last line after you originally posted it.  when i read it, that line wasn't there.  when i clicked to quote you, you must've just added it, and i posted my response w/o seeing your added line with it's implied annoyance.  very simple explanation.  otherwise, i would've addressed that annoyance straight off as opposed to later on down the thread.  
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August 20, 2014, 08:11:29 PM
 #10914

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

GO smoothie GO!!!

Looks like you quoted it for you to preview before posting it. Thanks for clarifying what "everything" is and isn't. How can one assume it doesn't include Alts when you appear to discuss them on a daily basis in this very thread?  Roll Eyes


and as for "everything", i'd bet 10 USD that i used the term for just those assets as i defined them back when you were subbed to my letter.  there's no inconsistency.  i'll try to be clearer next time.
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August 20, 2014, 08:42:46 PM
 #10915

Amagi Metals to stop accepting dollars, only crypto!  That's friggin' bullish as hell! Cheesy

https://www.amagimetals.com/info/no-dollars-after-2016/
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August 20, 2014, 08:45:27 PM
 #10916

Amagi Metals to stop accepting dollars, only crypto!  That's friggin' bullish as hell! Cheesy

https://www.amagimetals.com/info/no-dollars-after-2016/

holy crap.  that is amazing!
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August 20, 2014, 08:48:20 PM
 #10917

Dear Shorts,

it's only going to get worse when that little green line turns UP.

Sincerely,

cypherdoc



calculated at current price, that "little green line" is still 5 times higher than the red one.

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August 20, 2014, 08:49:11 PM
 #10918


http://www.bfxdata.com/combined/btc.php

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August 20, 2014, 08:57:21 PM
 #10919

Amagi Metals to stop accepting dollars, only crypto!  That's friggin' bullish as hell! Cheesy

https://www.amagimetals.com/info/no-dollars-after-2016/

what... tha... fuck...!

Quote
Bitcoin now accounts for over 40% of the company’s customer payments.

wow.



this needs to spread!

EDIT: haha, just read about the ceos (Stephen Macaskill) bet with Schiff:

https://www.amagimetals.com/info/ceo-of-amagi-metals-makes-a-bet-with-peter-schiff/

Quote
Amagi’s CEO, Stephen Macaskill, approached Peter Schiff during the Q&A segment of the event and asked him to join in on a bet. Macaskill believes that Bitcoin will outpace gold in the next five years, in relation to how much gold Bitcoin can buy (ie: today 1 BTC buys about a 1/2 ozt. of gold…in 5 years it will buy much more). Schiff agreed to the bet that will cost the loser 1 Bitcoin*, assuring our CEO that the price of Bitcoin will eventually plummet. In the background a familiar voice called out to Schiff saying, “You might be making a risky bet Peter.” That voice was The Dollar Vigilante, himself, Jeff Berwick who continually speaks of the bright future of Bitcoin.

was probably posted here, but I skip stuff, sorry for repeat

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August 20, 2014, 09:03:18 PM
 #10920

anyone care to summarize how big/important Amagi is in the pm space?  never dealt with them before...
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