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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?
1.  yes
2.  no

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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804598 times)
Spaceman_Spiff
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October 03, 2014, 09:39:45 AM
 #13181


Well .... art is overvalued. Especially those artworks made by the most famous of artists. I'll take a double spend (copy Wink any day.

I don't want a copy of a Bitcoin Wink

Agreed
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Hunyadi
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October 03, 2014, 10:17:25 AM
 #13182

https://www.youtube.com/watch?v=oyrOaNH4PUs&feature=youtu.be

This video makes me feel sad. "Separate blockchain and bitcoin"...c'mon.

▂▃▅▇█▓▒░BTC-Cultist░▒▓█▇▅▃▂
hdbuck
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October 03, 2014, 12:39:29 PM
 #13183

NED DAVIS: Gold Will Plunge To $660

http://www.businessinsider.com/gold-is-going-to-660-an-ounce-strategist-says-2014-10

ready to scoop some cheap gold? ^^
DeadCoin
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October 03, 2014, 12:59:42 PM
 #13184

NED DAVIS: Gold Will Plunge To $660

http://www.businessinsider.com/gold-is-going-to-660-an-ounce-strategist-says-2014-10

ready to scoop some cheap gold? ^^

Possible. This guy had been calling that since 2011:

http://www.youtube.com/watch?v=eoWCZtsV4ls

So far, it seems they're right.
NewLiberty
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October 03, 2014, 01:18:37 PM
 #13185

NED DAVIS: Gold Will Plunge To $660

http://www.businessinsider.com/gold-is-going-to-660-an-ounce-strategist-says-2014-10

ready to scoop some cheap gold? ^^

Possible. This guy had been calling that since 2011:

http://www.youtube.com/watch?v=eoWCZtsV4ls

So far, it seems they're right.

If you believe it and hold gold but want to stay in the precious metal game, you sell the gold for silver.
The silver gold ratio is higher than most any time in history, and this would be a good time to take advantage.  If PM prices go up, silver will be expected to go up more by %.

Or you could just buy bitcoin.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
FNG
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October 03, 2014, 02:01:04 PM
 #13186

NED DAVIS: Gold Will Plunge To $660

http://www.businessinsider.com/gold-is-going-to-660-an-ounce-strategist-says-2014-10

ready to scoop some cheap gold? ^^

Possible. This guy had been calling that since 2011:

http://www.youtube.com/watch?v=eoWCZtsV4ls

So far, it seems they're right.

If you believe it and hold gold but want to stay in the precious metal game, you sell the gold for silver.
The silver gold ratio is higher than most any time in history, and this would be a good time to take advantage.  If PM prices go up, silver will be expected to go up more by %.

Or you could just buy bitcoin.
Silver is not gold. How much silver do central banks hold?
cypherdoc
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October 03, 2014, 02:06:48 PM
 #13187

looks like i sold my DZZ & ZSL too soon.  at least it was for a hefty profit.  oh well.  waiting for the next bounce to reload.  we're actually due for an intermediate term bounce.
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October 03, 2014, 02:17:43 PM
 #13188

this is really bad if you're a sound money advocate:









tabnloz
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October 03, 2014, 02:26:22 PM
 #13189

Telegraph UK article - Bitcoin wil become the new gold

http://www.telegraph.co.uk/technology/news/11138581/Bitcoin-will-become-the-new-gold.html
cypherdoc
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October 03, 2014, 02:28:28 PM
 #13190


beat me too it.

yeah, it should happen.
cypherdoc
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October 03, 2014, 02:37:48 PM
 #13191

despite the bounce in the Dow today, yesterday should count as the short term bottom for this cycle.  the real question is how high this bounce can go?  we'll still get a weekly/intermediate term sell signal by the end of the day today.  right now, this is the most interesting chart for me, as it will tell us whether or not the US has managed to pull off the impossible; permanent Nirvana based on money printing.  i still seriously doubt the thesis that the stock mkt can keep going up forever in the face of a rising USD.  most of the USD's pumped into it represent debt and no leveraged trader wants their USD debt value increasing at the same time their stocks rise.  i expect the Dow bounce to fail to exceed the high of 17350, or even if it does get over the top it will be temporary.  we'll see.  this is the greatest stock bull mkt of all time.
zanzibar
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October 03, 2014, 03:18:56 PM
 #13192

Get ready for the oncoming storm, BTC is about to sky rocket, will hit $5k in 2015 (I'm serious)
RodeoX
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October 03, 2014, 03:22:54 PM
 #13193

Since gold rises when the world goes to war, I'm still bullish on gold in the 10 year time frame. There is a lot of political instability today. That hurts fiat and increases the likelihood of conflict.

"Smithers, war has broken out. Begin hoarding and profiteering!"
-Mr. Burns

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin=https://bitcointalk.org/index.php?topic=1610684
Adrian-x
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October 03, 2014, 03:34:02 PM
 #13194


Well .... art is overvalued. Especially those artworks made by the most famous of artists. I'll take a double spend (copy Wink any day.

I don't want a copy of a Bitcoin Wink
Picasso figured or it out or so I read he would draw something on the back of his cheques he he used to pay at restaurants, the results is the cheques were never cashed.

All in all art is always appropriately priced, it depends on ones disposable income and value system.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
blaaaaacksuit
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October 03, 2014, 05:13:19 PM
 #13195

Get ready for the oncoming storm, BTC is about to sky rocket, will hit $5k in 2015 (I'm serious)

 Roll Eyes
sidhujag
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October 03, 2014, 05:21:41 PM
 #13196

despite the bounce in the Dow today, yesterday should count as the short term bottom for this cycle.  the real question is how high this bounce can go?  we'll still get a weekly/intermediate term sell signal by the end of the day today.  right now, this is the most interesting chart for me, as it will tell us whether or not the US has managed to pull off the impossible; permanent Nirvana based on money printing.  i still seriously doubt the thesis that the stock mkt can keep going up forever in the face of a rising USD.  most of the USD's pumped into it represent debt and no leveraged trader wants their USD debt value increasing at the same time their stocks rise.  i expect the Dow bounce to fail to exceed the high of 17350, or even if it does get over the top it will be temporary.  we'll see.  this is the greatest stock bull mkt of all time.

Bull is just too strong.. .look for a sell the top on usdx (short term) and buy equities like no tomorrow. The USDX top (gold bottom) has been hinted at during asian session few nights ago... ofcourse smart money always knows ahead of time what the news is.
Adrian-x
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October 03, 2014, 05:52:37 PM
 #13197

Get ready for the oncoming storm, BTC is about to sky rocket, will hit $5k in 2015 (I'm serious)

 Roll Eyes
You don't want too peak to early, that's not fun. Here is a scenario:
Fear of the unknown drivers the herd. Ebola is a new fear catalyst, while health care workers take precarious to avoid infection at one stage 10% of those infected were health care workers.

Now take a currency note infect it with Ebola (or just promote the idea that it could be) put it in the wild (the economy) and tell people to pass it around (or let them know if they do they will be at risk of Ebola)

Then come in with a solution. See The benefits of getting rid of cash: http://youtu.be/BZW3s9-9Hgg -

Two take aways
1. The abolishing of cash address the fear of Ebola epidemic speeding from person to person (dirty flat)
2. Negative interest enables the central planned economy total control.

The next thing to go to the moon will be Bitcoin and alts.
If the scenario above plays out the storm to hit Bitcoin will be unreal.

While I would give it low single digit percent chance of ever materializing there is still time before the storm.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
rocks
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October 03, 2014, 05:56:47 PM
 #13198


Quote from: article
While Bitcoin has issued $6bn worth of currency since it launched five years ago...

 Roll Eyes
blaaaaacksuit
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October 03, 2014, 06:03:18 PM
 #13199

Get ready for the oncoming storm, BTC is about to sky rocket, will hit $5k in 2015 (I'm serious)

 Roll Eyes

While I would give it low single digit percent chance of ever materializing there is still time before the storm.


Hence the ---->  Roll Eyes
blaaaaacksuit
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October 03, 2014, 07:04:55 PM
 #13200

Can anyone speculate as to what has been up with all the dumping?  Where are all these coins coming from?
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