Bitcoin Forum
December 05, 2016, 12:35:05 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

Pages: « 1 ... 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 [617] 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 ... 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804368 times)
tvbcof
Legendary
*
Online Online

Activity: 1974


View Profile
September 18, 2014, 05:59:31 PM
 #12321

If my aunt had balls, she'd be my uncle Cheesy

Not if they were ben-wa balls.


1480898105
Hero Member
*
Offline Offline

Posts: 1480898105

View Profile Personal Message (Offline)

Ignore
1480898105
Reply with quote  #2

1480898105
Report to moderator
1480898105
Hero Member
*
Offline Offline

Posts: 1480898105

View Profile Personal Message (Offline)

Ignore
1480898105
Reply with quote  #2

1480898105
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480898105
Hero Member
*
Offline Offline

Posts: 1480898105

View Profile Personal Message (Offline)

Ignore
1480898105
Reply with quote  #2

1480898105
Report to moderator
1480898105
Hero Member
*
Offline Offline

Posts: 1480898105

View Profile Personal Message (Offline)

Ignore
1480898105
Reply with quote  #2

1480898105
Report to moderator
1480898105
Hero Member
*
Offline Offline

Posts: 1480898105

View Profile Personal Message (Offline)

Ignore
1480898105
Reply with quote  #2

1480898105
Report to moderator
hdbuck
Legendary
*
Offline Offline

Activity: 1134



View Profile
September 18, 2014, 06:01:31 PM
 #12322

Gold collapsing. Bitcoin too. ^^




Syke
Legendary
*
Offline Offline

Activity: 2086


View Profile
September 18, 2014, 06:22:55 PM
 #12323

gold up, btc down 70% ytd and counting lol

btc will be a blip in history in 50 yrs, gold will be as good as gold 1000 yrs from now.

And that's where you're wrong. The world is going digital, something that never existed before. Gold can't compete in a digital world. Bitcoin can. Forget that and you'll pay the price.

Buy & Hold
devphp
Sr. Member
****
Offline Offline

Activity: 336


View Profile
September 18, 2014, 07:12:07 PM
 #12324

The world is going digital, something that never existed before.

It would be a very fragile world. The attempts will continue of course, but the outcome is vague at best.
Erdogan
Hero Member
*****
Offline Offline

Activity: 714



View Profile
September 18, 2014, 07:58:54 PM
 #12325


As money it will fail, because it's supply is finite.
World's economy will grow with time, so ( very moderately ) MUST grow supply of real digital money.  Roll Eyes

Finite supply of BTC will lead to deflationary spirals and to underinvestment.... Wink

lol

We need moar!! (cit dr Havenstein)

Melbustus
Legendary
*
Offline Offline

Activity: 1554



View Profile
September 18, 2014, 08:23:23 PM
 #12326

gold up, btc down 70% ytd and counting lol

btc will be a blip in history in 50 yrs, gold will be as good as gold 1000 yrs from now.

And that's where you're wrong. The world is going digital, something that never existed before. Gold can't compete in a digital world. Bitcoin can. Forget that and you'll pay the price.


+1.

Look at how the world has changed in the last 200yrs. It's been unprecedented. I read a paragraph the other day that stated (paraphrasing):

Before the agricultural revolution, it took humanity about one million years on average to develop enough infrastructure/capability to support an additional one million humans living at subsistence levels. After the agricultural revolution, that changed to talking only a few hundred years. Now, after the industrial revolution, that takes 90 minutes on average.

Think about that. Humanity and civilization are changing faster than they ever have before, by many orders of magnitude, and the digitization and electronic interconnectedness of the world is only accelerating that pace.


tl;dr: It *is* reasonable to think that ideas and customs which have "stood the test of time" will soon change/end.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
devphp
Sr. Member
****
Offline Offline

Activity: 336


View Profile
September 18, 2014, 08:26:51 PM
 #12327

Before the agricultural revolution, it took humanity about one million years on average to develop enough infrastructure/capability to support an additional one million humans living at subsistence levels. After the agricultural revolution, that changed to talking only a few hundred years. Now, after the industrial revolution, that takes 90 minutes on average.

There are huge side effects:
http://www.worldwildlife.org/threats/soil-erosion-and-degradation
Adrian-x
Legendary
*
Offline Offline

Activity: 1330



View Profile
September 18, 2014, 08:50:07 PM
 #12328

Before the agricultural revolution, it took humanity about one million years on average to develop enough infrastructure/capability to support an additional one million humans living at subsistence levels. After the agricultural revolution, that changed to talking only a few hundred years. Now, after the industrial revolution, that takes 90 minutes on average.

There are huge side effects:
http://www.worldwildlife.org/threats/soil-erosion-and-degradation

That's important but the kicker is overall economic growth, we're moving from a meme of more to a meme of better. The problem is the centers of control are working from the ideology of Co opting / controlling the supply of more. Monopolies have no value when people find alternatives,  micro electronics, alternate energy and food security technologies like aquaponics (oh and money) are reshaping everything.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
wachtwoord
Legendary
*
Offline Offline

Activity: 1484



View Profile WWW
September 18, 2014, 08:50:50 PM
 #12329


So moderately strong positively correlated. Correlation ranges from -1 to 1

User705
Hero Member
*****
Offline Offline

Activity: 588



View Profile
September 18, 2014, 11:07:20 PM
 #12330

gold up, btc down 70% ytd and counting lol

btc will be a blip in history in 50 yrs, gold will be as good as gold 1000 yrs from now.
Bitoin might end up a blip of history in 50 years or perhaps it will be like the 1st computer or a ford model T but you are confused about the point here.  Gold will still be gold a 1000 years from now but it will never be money again for the majority of the worlds population just like pigeon mail will never be a future mode of communication for the majority of the worlds population or the horse will again somehow become a major mode of transport.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 18, 2014, 11:29:41 PM
 #12331

gold up, btc down 70% ytd and counting lol

btc will be a blip in history in 50 yrs, gold will be as good as gold 1000 yrs from now.

Guys like you, and especially the hired trolls all over this forum like Severro, antibitcoinconsortium, fallling, etc don't even realize that the only reason they are able  push their agenda and scare everyone is through their repeated usage of the very tool that Bitcoin uses; the Internet. Bitcoin is essentially just messaging over the Internet.
zeetubes
Sr. Member
****
Offline Offline

Activity: 371


View Profile
September 18, 2014, 11:36:05 PM
 #12332

gold up, btc down 70% ytd and counting lol

btc will be a blip in history in 50 yrs, gold will be as good as gold 1000 yrs from now.
Bitoin might end up a blip of history in 50 years or perhaps it will be like the 1st computer or a ford model T but you are confused about the point here.  Gold will still be gold a 1000 years from now but it will never be money again for the majority of the worlds population just like pigeon mail will never be a future mode of communication for the majority of the worlds population or the horse will again somehow become a major mode of transport.

No arguments there. I think it's more important to look at gold from its investment perspective right now. Does it have one last mega-spike left or is it dead in the water? If you believe the former then it's worth hanging in there or buying and waiting for the right time to sell, and then move into other investments. If you think it's already dead then your money should be somewhere else (or cash in hand waiting for something else), or shorting gold. And in these weird times, those are some bitching decisions to make.

This is an interesting development. "Battle for control over gold pricing begins as China opens gold window tomorrow."

http://www.examiner.com/article/battle-for-control-over-gold-pricing-begins-as-china-opens-gold-window-tomorrow

BrewCrewFan
Hero Member
*****
Offline Offline

Activity: 672



View Profile
September 18, 2014, 11:43:01 PM
 #12333

gold up, btc down 70% ytd and counting lol

btc will be a blip in history in 50 yrs, gold will be as good as gold 1000 yrs from now.
Bitoin might end up a blip of history in 50 years or perhaps it will be like the 1st computer or a ford model T but you are confused about the point here.  Gold will still be gold a 1000 years from now but it will never be money again for the majority of the worlds population just like pigeon mail will never be a future mode of communication for the majority of the worlds population or the horse will again somehow become a major mode of transport.

No arguments there. I think it's more important to look at gold from its investment perspective right now. Does it have one last mega-spike left or is it dead in the water? If you believe the former then it's worth hanging in there or buying and waiting for the right time to sell, and then move into other investments. If you think it's already dead then your money should be somewhere else (or cash in hand waiting for something else), or shorting gold. And in these weird times, those are some bitching decisions to make.

This is an interesting development. "Battle for control over gold pricing begins as China opens gold window tomorrow."

http://www.examiner.com/article/battle-for-control-over-gold-pricing-begins-as-china-opens-gold-window-tomorrow



USD is getting weaker and weaker... soon will lose its reserve title...then things will get interesting and to be honest, I hope I am long gone before then.

Free SIGNs giving everyday. Be part, do not miss!.
SqMe5ceYfdcGsRyVpgvpYb6bRLS9j8omvB

XChat : Addy : XYuZESQpeMtZ2wit8nVVnXKGytfiaTBCo6 PubKey : eteshLzeq8Bh54BRjGSunMTc6Ytxtk7HYaSmDYMQn61z
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 18, 2014, 11:46:49 PM
 #12334

gold up, btc down 70% ytd and counting lol

btc will be a blip in history in 50 yrs, gold will be as good as gold 1000 yrs from now.
Bitoin might end up a blip of history in 50 years or perhaps it will be like the 1st computer or a ford model T but you are confused about the point here.  Gold will still be gold a 1000 years from now but it will never be money again for the majority of the worlds population just like pigeon mail will never be a future mode of communication for the majority of the worlds population or the horse will again somehow become a major mode of transport.

No arguments there. I think it's more important to look at gold from its investment perspective right now. Does it have one last mega-spike left or is it dead in the water? If you believe the former then it's worth hanging in there or buying and waiting for the right time to sell, and then move into other investments. If you think it's already dead then your money should be somewhere else (or cash in hand waiting for something else), or shorting gold. And in these weird times, those are some bitching decisions to make.

This is an interesting development. "Battle for control over gold pricing begins as China opens gold window tomorrow."

http://www.examiner.com/article/battle-for-control-over-gold-pricing-begins-as-china-opens-gold-window-tomorrow



thanks for the interesting article.
zeetubes
Sr. Member
****
Offline Offline

Activity: 371


View Profile
September 18, 2014, 11:55:05 PM
 #12335

gold up, btc down 70% ytd and counting lol

btc will be a blip in history in 50 yrs, gold will be as good as gold 1000 yrs from now.
Bitoin might end up a blip of history in 50 years or perhaps it will be like the 1st computer or a ford model T but you are confused about the point here.  Gold will still be gold a 1000 years from now but it will never be money again for the majority of the worlds population just like pigeon mail will never be a future mode of communication for the majority of the worlds population or the horse will again somehow become a major mode of transport.

No arguments there. I think it's more important to look at gold from its investment perspective right now. Does it have one last mega-spike left or is it dead in the water? If you believe the former then it's worth hanging in there or buying and waiting for the right time to sell, and then move into other investments. If you think it's already dead then your money should be somewhere else (or cash in hand waiting for something else), or shorting gold. And in these weird times, those are some bitching decisions to make.

This is an interesting development. "Battle for control over gold pricing begins as China opens gold window tomorrow."

http://www.examiner.com/article/battle-for-control-over-gold-pricing-begins-as-china-opens-gold-window-tomorrow



thanks for the interesting article.

May we live in interesting times... People who hold bitcoins aren't necesarily investors. They are equally as likely to be idealists, anarchists or just interested in technology. As user705 pointed out, gold as pure money is not the future, but gold, either long or short, could be a good short to mid term investment or speculative bid.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 19, 2014, 12:02:16 AM
 #12336

gold up, btc down 70% ytd and counting lol

btc will be a blip in history in 50 yrs, gold will be as good as gold 1000 yrs from now.
Bitoin might end up a blip of history in 50 years or perhaps it will be like the 1st computer or a ford model T but you are confused about the point here.  Gold will still be gold a 1000 years from now but it will never be money again for the majority of the worlds population just like pigeon mail will never be a future mode of communication for the majority of the worlds population or the horse will again somehow become a major mode of transport.

No arguments there. I think it's more important to look at gold from its investment perspective right now. Does it have one last mega-spike left or is it dead in the water? If you believe the former then it's worth hanging in there or buying and waiting for the right time to sell, and then move into other investments. If you think it's already dead then your money should be somewhere else (or cash in hand waiting for something else), or shorting gold. And in these weird times, those are some bitching decisions to make.

This is an interesting development. "Battle for control over gold pricing begins as China opens gold window tomorrow."

http://www.examiner.com/article/battle-for-control-over-gold-pricing-begins-as-china-opens-gold-window-tomorrow



thanks for the interesting article.

May we live in interesting times... People who hold bitcoins aren't necesarily investors. They are equally as likely to be idealists, anarchists or just interested in technology. As user705 pointed out, gold as pure money is not the future, but gold, either long or short, could be a good short to mid term investment or speculative bid.

a while back i went over why i thought the peak in gold was in 2011.  if i'm right, this was an 11 yo bull which is pretty advanced and even longer than the general commodity bubble we had throughout the noughts.  i believe there is a repeating 9 yr gold cycle which bottomed in 2008.  this current 9 yr cycle appears to have topped in 2011 after only 3 yr and into a parabola, characteristic of bubble tops.  the left translated shape also is suggestive that we've seen the top and is a bearish sign.  we won't be bottoming for this cycle for a few more years.
cbeast
Donator
Legendary
*
Offline Offline

Activity: 1722

Let's talk governance, lipstick, and pigs.


View Profile
September 19, 2014, 12:04:49 AM
 #12337

Patterns are imaginary. The trick is to understand how imagination works.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 19, 2014, 12:11:02 AM
 #12338

Patterns are imaginary. The trick is to understand how imagination works.

true, but my imagination on gold has worked so far. Cheesy
zeetubes
Sr. Member
****
Offline Offline

Activity: 371


View Profile
September 19, 2014, 12:17:07 AM
 #12339

Patterns are imaginary. The trick is to understand how imagination works.

true, but my imagination on gold has worked so far. Cheesy

Yup. I'm not comfortable shorting gold because the cost of production is too close to the cost per oz. But I'm not comfortable going long because of the power of the paper market. The stock markets and real estate look scary and I can't shake the feeling that btc is being supressed. Maybe it's one of cash is king moments.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 19, 2014, 12:36:30 AM
 #12340

disgusting bankers:

Those soft-hearted bankers expressed a concern that without adquate consumer protections, users of Bitcoin would be vulnerable to fraud and theft.  Bankers also suggested, presumably out of a concern for national security, that Bitcoin be subject to the same anti-money-laundering procedures, including Know-Your-Consumer, that banks are subjected to.  Bankers explicitly suggested that Bitcoin be subjected to the suspicious activities reports (SARs) that banks must currently file. Personally, this all sounds like an attempt at “raising rivals’ costs” to me.

http://www.cato.org/blog/bankers-advise-fed-regulate-bitcoin
Pages: « 1 ... 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 [617] 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 ... 1560 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!