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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1920120 times)
creekbore
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September 29, 2014, 07:02:33 AM
 #12961

Wow, it's been years since I read this thread, so I picked a random page a month back or so -- all very serious, lots of graphs and some interesting discussion (although in hindsight, some pretty off whack predictions).  Then I skip forward to 'now' and it's people calling each other cocksuckers --unbelievable.

Cypherdoc, seriously, if you haven't learnt "don't feed the troll" by now, it does actually make me question your authority to posit an opinion on anything.  LambChop/NotLambChop has trolled the forum forever, under a guise of identities...use the ignore button, he bores eventually.


"Markets always move in the direction to hurt the most investors." AnonyMint
"Market depth is meaningless" AdamstgBit
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solex
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100 satoshis -> ISO code


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September 29, 2014, 07:51:11 AM
 #12962

from the top at 1163 on Bitstamp, we are only down 67-68%.  that's not bad, nor unusual, for Bitcoin pullbacks.

try 32 --> 1.98.


Yup.

2011 pullback was: -94%
2013 (April) drop was: -81%

Wouldn't be unreasonable to max out in the -70% range on this one.

For those that like round numbers:

ramp            base-to-peak   retrace
2011            30x                 -90%
2013 early     20x                -80%
2013 late      10x                 -70%  ??

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September 29, 2014, 08:15:33 AM
 #12963

For those that like round numbers:

ramp            base-to-peak   retrace
2011            30x                 -90%
2013 early     20x                -80%
2013 late      10x                 -70%  ??

So next will be base-to-peak 0x, which means that all those calling for Bitcoin going to zero are right. Tongue

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wachtwoord
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September 29, 2014, 08:24:55 AM
 #12964

For those that like round numbers:

ramp            base-to-peak   retrace
2011            30x                 -90%
2013 early     20x                -80%
2013 late      10x                 -70%  ??

So next will be base-to-peak 0x, which means that all those calling for Bitcoin going to zero are right. Tongue

Okay let's fuck with these number for fun and entertainment (so don't take this too seriously) Tongue

10/30=1/3, so in 2 steps we go from 30 to 10. So in 2 steps we'll go from 10 to 3.33. In one step this would be sqrt(1/3)*10 = 5.77

It is isn't exactly precise as we can see from pas data 30*sqrt(1/3) = 17.3 (which is less than 20x). How accurate are the inputs here anyway? Wink
creekbore
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September 29, 2014, 10:16:16 AM
 #12965

We're currently down about 68% from the ATH...so calling a bottom and reversal around now would be sensible, if you see the universe conforming to regular patterns.

"Markets always move in the direction to hurt the most investors." AnonyMint
"Market depth is meaningless" AdamstgBit
Erdogan
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September 29, 2014, 11:35:50 AM
 #12966

...
he/they cut/paste posting the same shit on r/bitcoin so I'm calling troll on this guy (or team?)

seems like last time they used the cult meme talking point ... this time around it is "bitcoin has no perceptible benefits" and "early adopters are MLM (multi-level marketing)"

Who are these hired guns working for?

The Gubirmint?
Teh Banksters?
Our Beneficent Reptilian Overlords(long may They reign!)??

My guess is Apple, because they are known to be using that kind of sales support, and because they have a skin in the game with applepay. Doesn't sound like they can achieve much, but hey, they have cash to burn.
NotLambchop
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September 29, 2014, 12:14:04 PM
 #12967

...
he/they cut/paste posting the same shit on r/bitcoin so I'm calling troll on this guy (or team?)

seems like last time they used the cult meme talking point ... this time around it is "bitcoin has no perceptible benefits" and "early adopters are MLM (multi-level marketing)"

Who are these hired guns working for?

The Gubirmint?
Teh Banksters?
Our Beneficent Reptilian Overlords(long may They reign!)??

My guess is Apple, because they are known to be using that kind of sales support, and because they have a skin in the game with applepay. Doesn't sound like they can achieve much, but hey, they have cash to burn.


Drats!  You've seen through my fiendish ploy...  well all right, here's your apple Sad

BlindMayorBitcorn
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September 29, 2014, 12:15:55 PM
 #12968

...
he/they cut/paste posting the same shit on r/bitcoin so I'm calling troll on this guy (or team?)

seems like last time they used the cult meme talking point ... this time around it is "bitcoin has no perceptible benefits" and "early adopters are MLM (multi-level marketing)"

Who are these hired guns working for?

The Gubirmint?
Teh Banksters?
Our Beneficent Reptilian Overlords(long may They reign!)??

My guess is Apple, because they are known to be using that kind of sales support, and because they have a skin in the game with applepay. Doesn't sound like they can achieve much, but hey, they have cash to burn.


Drats!  You've seen through my fiendish ploy...  well all right, here's your apple Sad



LOL

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
sidhujag
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September 29, 2014, 01:16:40 PM
 #12969

We're currently down about 68% from the ATH...so calling a bottom and reversal around now would be sensible, if you see the universe conforming to regular patterns.

ltc needs one more dump to hit target.

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boumalo
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September 29, 2014, 02:33:25 PM
 #12970


Obviously Bitcoin has more potential than Gold and performed better last few years but Bitcoin is more risky and Gold can benefit of the upcoming fall of the USD and western financial system too so it's a great asset to have for us who know what is coming


In my mind it's most likely that distributed crypto-currencies will benefit from a lose of confidence in fiat systems much more than gold.  The simple reason for this is that they are new and starting from a lower position relative to gold and silver.

I see gold, and to a larger degree, silver, as being something to have should a loss of confidence in fiat systems result in war, famine, totalitarianism, etc.  Such outcomes are not unusual in times of economic collapse and I don't think that any country is immune from them.  It would be much easier for authoritarians to limit realistic normal use of something like Bitcoin which requires a reasonably well-working and free global internet and in times of strife I find it almost inconceivable that such a thing would go unchallenged.  It would still be worth having some private keys with assigned value, but mostly to hold on to for better times and/or to use in operations which are already quite risky anyway.



What you meant is Gold will benefit more because it is more established and known, it's reasonable to think that but Bitcoin has a huge potential no matter what; we could see economic collapse with some countries that fair very well aka Asian countries, free countries like Switzerland; the collapse of the USD will be great in the medium term for the hard working/hard saving countries like China, they will consume what they produce just fine, they don't need the Americans to consume what they produce and pay in fiat

6pages of comments in one day, this thread is ON FIRE

cypherdoc
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September 29, 2014, 03:36:54 PM
 #12971

good 'ol trustee SLW grinding lower.  i think we have room for one more short term punch down in both gold and silver before we get a bounce:

cypherdoc
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September 29, 2014, 03:42:12 PM
 #12972

you gotta admire how the apparatchiks run the futures up and down overnight to trigger all the stops @17000 at the open for the main indices for retail investors.  this market will chew you up:

cypherdoc
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September 29, 2014, 03:48:06 PM
 #12973


Obviously Bitcoin has more potential than Gold and performed better last few years but Bitcoin is more risky and Gold can benefit of the upcoming fall of the USD and western financial system too so it's a great asset to have for us who know what is coming


In my mind it's most likely that distributed crypto-currencies will benefit from a lose of confidence in fiat systems much more than gold.  The simple reason for this is that they are new and starting from a lower position relative to gold and silver.

I see gold, and to a larger degree, silver, as being something to have should a loss of confidence in fiat systems result in war, famine, totalitarianism, etc.  Such outcomes are not unusual in times of economic collapse and I don't think that any country is immune from them.  It would be much easier for authoritarians to limit realistic normal use of something like Bitcoin which requires a reasonably well-working and free global internet and in times of strife I find it almost inconceivable that such a thing would go unchallenged.  It would still be worth having some private keys with assigned value, but mostly to hold on to for better times and/or to use in operations which are already quite risky anyway.



What you meant is Gold will benefit more because it is more established and known, it's reasonable to think that but Bitcoin has a huge potential no matter what; we could see economic collapse with some countries that fair very well aka Asian countries, free countries like Switzerland; the collapse of the USD will be great in the medium term for the hard working/hard saving countries like China, they will consume what they produce just fine, they don't need the Americans to consume what they produce and pay in fiat

6pages of comments in one day, this thread is ON FIRE

this is my argument as well. even if, and maybe moreso, if we get another deflationary event in the stock mkt.
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September 29, 2014, 03:58:29 PM
 #12974

Circle open access to easy Bitcoin is a big deal.

and if you believe in big fractals, percentages, and timing, now's not a bad time.
FNG
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September 29, 2014, 04:22:53 PM
 #12975

Circle open access to easy Bitcoin is a big deal.

and if you believe in big fractals, percentages, and timing, now's not a bad time.
Huge deal. Have been playing around with it today. Easiest on-ramp yet. I'm sure they're going to use the media quite a bit and the masses will be able to buy $20 or so with ease
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September 29, 2014, 04:25:11 PM
 #12976

Circle open access to easy Bitcoin is a big deal.

and if you believe in big fractals, percentages, and timing, now's not a bad time.
Huge deal. Have been playing around with it today. Easiest on-ramp yet. I'm sure they're going to use the media quite a bit and the masses will be able to buy $20 or so with ease

if a million poeple hit market buy with 20$ we're gana have a problem   Grin

never gana happen....

cypherdoc
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September 29, 2014, 04:37:53 PM
 #12977

Western Union heading back down:

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September 29, 2014, 04:41:29 PM
 #12978

https://twitter.com/cypherdoc2/status/516628750470242304
sgbett
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September 29, 2014, 04:42:49 PM
 #12979

you gotta admire how the apparatchiks run the futures up and down overnight to trigger all the stops @17000 at the open for the main indices for retail investors.  this market will chew you up:



such subtle! lol

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September 29, 2014, 04:44:28 PM
 #12980

Circle open access to easy Bitcoin is a big deal.

and if you believe in big fractals, percentages, and timing, now's not a bad time.

I just noticed that tomorrow is the anniversary of the capitulation bottom to $140 (gox) that started the next run up...

Full Node: http://46.51.193.129 (BU) || http://haschinabannedbitcoin.com
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
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