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Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804274 times)
falllling
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August 31, 2014, 05:16:24 AM
 #11441

Right now people around me are saying that gold prices will be picking up.
I'm not sure if that will happen or not.

Even the price for BTC kind of went down now.
As you can see here
http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv
The value of BTC is going down.
Is it because of the lack of demand of BTC?
Or is it because governments are now regulating BTC?

Either way BTC and Gold stocks are going down atm.
I'm not sure how to feel about this situation.

bitcoin is going to nowhere but down, you saw it already

Ah, he dares enter this thread.

You're an idiot.

i am just telling the truth

Them tell us the truth about who is paying you. It won't hurt. It might give you some credibility.

will we break $490 quickly and get into $3xx?
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cypherdoc
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August 31, 2014, 05:18:20 AM
 #11442

Right now people around me are saying that gold prices will be picking up.
I'm not sure if that will happen or not.

Even the price for BTC kind of went down now.
As you can see here
http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv
The value of BTC is going down.
Is it because of the lack of demand of BTC?
Or is it because governments are now regulating BTC?

Either way BTC and Gold stocks are going down atm.
I'm not sure how to feel about this situation.

bitcoin is going to nowhere but down, you saw it already

Ah, he dares enter this thread.

You're an idiot.

i am just telling the truth

Them tell us the truth about who is paying you. It won't hurt. It might give you some credibility.

will we break $490 quickly and get into $3xx?

Is it a bank? A govt?
falllling
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August 31, 2014, 05:20:20 AM
 #11443

Right now people around me are saying that gold prices will be picking up.
I'm not sure if that will happen or not.

Even the price for BTC kind of went down now.
As you can see here
http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv
The value of BTC is going down.
Is it because of the lack of demand of BTC?
Or is it because governments are now regulating BTC?

Either way BTC and Gold stocks are going down atm.
I'm not sure how to feel about this situation.

bitcoin is going to nowhere but down, you saw it already

Ah, he dares enter this thread.

You're an idiot.

i am just telling the truth

Them tell us the truth about who is paying you. It won't hurt. It might give you some credibility.

will we break $490 quickly and get into $3xx?

Is it a bank? A govt?

$497 buy wall got filled, $3xx incoming Smiley
cypherdoc
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August 31, 2014, 05:24:00 AM
 #11444

Right now people around me are saying that gold prices will be picking up.
I'm not sure if that will happen or not.

Even the price for BTC kind of went down now.
As you can see here
http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv
The value of BTC is going down.
Is it because of the lack of demand of BTC?
Or is it because governments are now regulating BTC?

Either way BTC and Gold stocks are going down atm.
I'm not sure how to feel about this situation.

bitcoin is going to nowhere but down, you saw it already

Ah, he dares enter this thread.

You're an idiot.

i am just telling the truth

Them tell us the truth about who is paying you. It won't hurt. It might give you some credibility.

will we break $490 quickly and get into $3xx?

They can't be paying you much; for such a low life job.
falllling
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August 31, 2014, 05:28:58 AM
 #11445

Right now people around me are saying that gold prices will be picking up.
I'm not sure if that will happen or not.

Even the price for BTC kind of went down now.
As you can see here
http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv
The value of BTC is going down.
Is it because of the lack of demand of BTC?
Or is it because governments are now regulating BTC?

Either way BTC and Gold stocks are going down atm.
I'm not sure how to feel about this situation.

bitcoin is going to nowhere but down, you saw it already

Ah, he dares enter this thread.

You're an idiot.

i am just telling the truth

Them tell us the truth about who is paying you. It won't hurt. It might give you some credibility.

will we break $490 quickly and get into $3xx?

They can't be paying you much; for such a low life job.

game over, bitcoin bubble burst, price is going back to 2013 where it came from, get ready for your $30 again Cheesy
cypherdoc
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August 31, 2014, 05:31:17 AM
 #11446

Right now people around me are saying that gold prices will be picking up.
I'm not sure if that will happen or not.

Even the price for BTC kind of went down now.
As you can see here
http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv
The value of BTC is going down.
Is it because of the lack of demand of BTC?
Or is it because governments are now regulating BTC?

Either way BTC and Gold stocks are going down atm.
I'm not sure how to feel about this situation.

bitcoin is going to nowhere but down, you saw it already

Ah, he dares enter this thread.

You're an idiot.

i am just telling the truth

Them tell us the truth about who is paying you. It won't hurt. It might give you some credibility.

will we break $490 quickly and get into $3xx?

They can't be paying you much; for such a low life job.

game over, bitcoin bubble burst, price is going back to 2013 where it came from, get ready for your $30 again Cheesy

Lol. You know you're only worth about $5/h
Peter R
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August 31, 2014, 05:40:12 AM
 #11447

will we break $490 quickly and get into $3xx?
They can't be paying you much; for such a low life job.

Apparently the pay-scale depends on the class of troll.  Falllling is a low-grade trollus minimus and these are the most affordable to hire.  

A Taxonomy of the Troll

Class C bitcoin troll (lat. trollus minimus):

-How to recognize: Simple-minded FUD spreading, and juvenile insults.  

-Recommended response: ignore, their trolling is obvious to everyone and occasionally humorous.  

-Examples: falllllling, Chuckee, fonzie (in the earlier part of his career)

Class B bitcoin troll (lat.  trollus averagus)

-How to recognize: bait-and-switch thread titles and well-executed concern trolling; methods designed to fool the reader into thinking the troll is a non-troll.  

-Recommended response: agree with everything they say in a satirical way.  Their arguments are usually so flawed that simply rephrasing back what they said will reveal their lunacy.  This technique is especially effective if the troll doesn't recognize this attack vector until he's already sunken his ship.

-Examples: Nagle, JorgeStolfi, Edward50

Class A bitcoin troll (lat. trollus maximus)

-How to recognize: usually hold an esteemed position or a PhD.  

-Recommended response: Engage in logical and polite debate.  These are the most difficult trolls to defeat, so you must be patient.  The truth will prevail.  

-Examples: Mark Williams, Paul Krugman, Richard Murphy

Run Bitcoin Unlimited (www.bitcoinunlimited.info)
NewLiberty
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August 31, 2014, 07:37:18 AM
 #11448

ZH: "It's Settled: Central Banks Trade S&P500 Futures"

if it is indeed settled then it wouldn't be a huge shock. Your government dollars at work.

http://www.zerohedge.com/news/2014-08-30/its-settled-central-banks-trade-sp500-futures#comment-5163811

Its not really a shock.  Its in the BASEL iii docs.  They are just surfacing some of the weird evidence of it when exchanges are treating them as a customer.

There are scarier parts, such as the provisions for determining what constitutes minority interests in securitized debt loans constituting the capitalization for the banks, central banks, and "global systemically important financial institutions".  The many loopholes for whether insolvent commercial and sovereign debt instruments be called, and the further secularization of those (which is essentially printing money).

There isn't a better license to steal than being a bank.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
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lister storm
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August 31, 2014, 09:09:06 AM
 #11449

I believe that the banks will not only want to but have to get into the game on Bitcoin
and other crypto-currencies... it’s just a question of time

TheVoice
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August 31, 2014, 09:45:31 AM
 #11450

They will rather try to create their own crypto-currencies. Lack of control over bitcoin is a problem to them
molecular
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August 31, 2014, 10:30:52 AM
 #11451

They will rather try to create their own crypto-currencies. Lack of control over bitcoin is a problem to them

Yes and yes.

But will these bank-crypto-coins gain traction (value)? Bitcoin is peoples money and I think it will be able to attract way more trust than those bank-coins.

Side-note: even if they are technically superior (eth?), they will have a hard time.

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zeetubes
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August 31, 2014, 12:00:41 PM
 #11452

Link to an article from casey research. They've had varying opinions about bitcoins before but this is pretty positive and also some links to various videos.

http://www.caseyresearch.com/cdd/whether-you-love-or-hate-it-youre-missing-what-really-matters-about-bitcoin

 
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August 31, 2014, 12:21:05 PM
 #11453

Quote
The US Marshals easily confiscated DPR's significant amounts of BTC.  If he buried some gold in the mountains, they'll never know about it.

He could have used a cold wallet and hidden that somewhere.  I think he got careless and arrogant maybe.     Both items can be stored elsewhere.

The 70bn world market for gold is really tiny, I think bullion exchange must amount to more then that.   70bn is the revenue of a large global corporation.    


Gold has not failed to store value.   Its risen in the last five years, it is a long term asset and maybe thats inconvenient for most people.   I can easily see bitcoin as best for small transactions but for life savings I'd still rate gold.     To try and argue against more then 3000 years of successful use and storage of value is futile almost comedic
Of the last 15 years gold has fallen in value just one year which was the last year.
  We do have exceptional financial events occurring and I expect eventually more will rely on it again to avoid some of that large political influence we have in national currencies.   70bn is really small, Bonds are traded by the trillions every year and out rank even shares.  Any trend is probably best represented in the largest market.
When gold is 700 or 7000bn traded per year I think the price would reflect better peoples use for it

jjacob
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August 31, 2014, 01:27:02 PM
 #11454

They will rather try to create their own crypto-currencies. Lack of control over bitcoin is a problem to them

Yes and yes.

But will these bank-crypto-coins gain traction (value)? Bitcoin is peoples money and I think it will be able to attract way more trust than those bank-coins.

Side-note: even if they are technically superior (eth?), they will have a hard time.

Looking at the reputation of our banks today, not being associated with them is a positive.  Grin

                                                                       
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NewLiberty
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August 31, 2014, 03:45:48 PM
 #11455

I believe that the banks will not only want to but have to get into the game on Bitcoin
and other crypto-currencies... it’s just a question of time
And a question of keeping everyone else out.
Bitlicense

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Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
cypherdoc
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August 31, 2014, 05:38:58 PM
 #11456

Who said finite?

http://gizmodo.com/5948739/researchers-discover-bacteria-that-can-produce-pure-gold
domob
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August 31, 2014, 05:45:58 PM
 #11457


They can only extract gold that is already there.  But yes, in principle you could use a nuclear reactor to produce gold from other elements - it just doesn't pay off (nor do these bacteria, from what I heard).

However, I fully agree with you that Bitcoin is vastly superior to gold in most (if not all) aspects - scarcity being one of them.

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cypherdoc
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August 31, 2014, 05:47:55 PM
 #11458

Argentina Becomes a Tinderbox for Bitcoin

http://readability.com/m?url=http%3A%2F%2Fbitcoinwarrior.net%2F2014%2F08%2Fargentina-becomes-tinderbox-bitcoin%2F
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August 31, 2014, 05:54:42 PM
 #11459


lol, bacteria with nuclear reactor
cypherdoc
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August 31, 2014, 06:01:45 PM
 #11460

Nice chart

http://imgur.com/a/6Hzl8
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