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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2013880 times)
cbeast
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February 03, 2015, 03:03:02 AM
 #20921


Hey tvbcof, we're going back up. Time for you to flip your tune and say you been calling it all along.

My being so right and you being so wrong with your one-trick-pony show is really getting under your skin I guess.  Sorry about that.  My good calls are mostly luck I assure you.

I am quite confident that if you get your way on Bitcoin it will be curtains for the solution.  You may realize that and simply plan to do your dump at that point, but I actually believe there is a better than 50% chance that you earnestly believe your own nonsense.  I'm burnt out on being more rude then that at the moment else I would use a variety of caustic characterizations to describe your being here.


There is a irreconcilable difference between you two. cypherdoc wants to profit from Bitcoin's wide adoption while tvbcof wants to profit from daytrading. cypherdoc believes in the long term sociological impact the Bitcoin experiment will have while tvbcof believes Bitcoin is doomed to the whims of the controlling powers and no more than a pyramid that will eventually collapse.

As long as neither resort to social engineering, it's all good.

I understand the upload vs download bandwidth argument. It's not a problem because it will deter no fee transactions. Nobody wants to spend bitcoins that will never get confirm. Except double spenders, but there are better ways to catch them.

I understand the attractiveness of parallel processing Bitcoin transactions through side chains, but they don't solve the bandwidth problem unless you use only one side chain exclusively. That issue has not been addressed.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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February 03, 2015, 03:08:49 AM
 #20922


Hey tvbcof, we're going back up. Time for you to flip your tune and say you been calling it all along.

My being so right and you being so wrong with your one-trick-pony show is really getting under your skin I guess.  Sorry about that.  My good calls are mostly luck I assure you.

I am quite confident that if you get your way on Bitcoin it will be curtains for the solution.  You may realize that and simply plan to do your dump at that point, but I actually believe there is a better than 50% chance that you earnestly believe your own nonsense.  I'm burnt out on being more rude then that at the moment else I would use a variety of caustic characterizations to describe your being here.


There is a irreconcilable difference between you two. cypherdoc wants to profit from Bitcoin's wide adoption while tvbcof wants to profit from daytrading. cypherdoc believes in the long term sociological impact the Bitcoin experiment will have while tvbcof believes Bitcoin is doomed to the whims of the controlling powers and no more than a pyramid that will eventually collapse.

As long as neither resort to social engineering, it's all good.

I understand the upload vs download bandwidth argument. It's not a problem because it will deter no fee transactions. Nobody wants to spend bitcoins that will never get confirm. Except double spenders, but there are better ways to catch them.

I understand the attractiveness of parallel processing Bitcoin transactions through side chains, but they don't solve the bandwidth problem unless you use only one side chain exclusively. That issue has not been addressed.

Also tvbcof is one of those people that can't tell the difference between "then" and "than."  Cypherdoc is smarter that way too. 
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February 03, 2015, 03:11:53 AM
 #20923


Also tvbcof is one of those people that can't tell the difference between "then" and "than."  Cypherdoc is smarter that way too. 

I also get 'ya' and 'yeah' mixed up.  Me dumb-dumb.


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February 03, 2015, 03:19:18 AM
 #20924


Hey tvbcof, we're going back up. Time for you to flip your tune and say you been calling it all along.

My being so right and you being so wrong with your one-trick-pony show is really getting under your skin I guess.  Sorry about that.  My good calls are mostly luck I assure you.

I am quite confident that if you get your way on Bitcoin it will be curtains for the solution.  You may realize that and simply plan to do your dump at that point, but I actually believe there is a better than 50% chance that you earnestly believe your own nonsense.  I'm burnt out on being more rude then that at the moment else I would use a variety of caustic characterizations to describe your being here.


There is a irreconcilable difference between you two. cypherdoc wants to profit from Bitcoin's wide adoption while tvbcof wants to profit from daytrading. cypherdoc believes in the long term sociological impact the Bitcoin experiment will have while tvbcof believes Bitcoin is doomed to the whims of the controlling powers and no more than a pyramid that will eventually collapse.


this pretty much sums it up.

except i believe tvbcof misrepresents his "calls" and is a legend in his own mind.  i don't remember him giving any "buy" or "sell" advice around here ever.
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February 03, 2015, 03:22:25 AM
 #20925


There is a irreconcilable difference between you two. cypherdoc wants to profit from Bitcoin's wide adoption while tvbcof wants to profit from daytrading. cypherdoc believes in the long term sociological impact the Bitcoin experiment will have while tvbcof believes Bitcoin is doomed to the whims of the controlling powers and no more than a pyramid that will eventually collapse.
...

Really?  I've gone through exactly three periods of activity since 2011.  Buying until the bottom, Getting my money back at 10x, and taking some profits at 100x.  'daytrading' is not at all my game.  For folks who like it and are good at it, God bless.

I did play around on Bitcoinica out of boredom once.  IIRC I about 10x'd my money in a few weeks trying to lose it.  That was PURE shit-house luck.  It was not worth the few hundred bucks to hand over my identity docs to an exchange in order to try to get USD so I just gave the proceeds to ~goat who used them for a party for some orphans in Thailand.  So he said anyway.

--edit:  Bitcoinica proceeded to 'lose' everyone's money not long after I drained my account.  I had similar 'luck' at Mt. Gox.  I took half the one-time 'pocket change' I had with Instawallet out like the day before they 'got hacked'.  Happily they gave me the other half back.  I guess I'm just lucky with these things.  Mt. Gox still owes me a $5k wire.  That's the one place I've been burnt so far.  Perhaps fiat will take precidence over BTC when the dust from this event finally settles.  Time will tell.  Whatever the case it is such a tiny fraction of my activities I can easily write it off as a 'cost of doing business'.  At least I didn't have to pay taxes on the $5k.  Yet.

As for being doomed, I wouldn't be here if I thought that.  The number of users even here on trolltalk who recognize the danger and futility of trying to make it some sort of universal exchange currency is one thing that I find encouraging.  There is a fair chance that the 1MB blocksize won't even be attempted which would gives me hope.  And of course, sidechains...

I understand the attractiveness of parallel processing Bitcoin transactions through side chains, but they don't solve the bandwidth problem unless you use only one side chain exclusively. That issue has not been addressed.

...which give the masses the power of Bitcoin at it's core and a whole heap of bells and whistles which actually make it usable by them.  Many of the additional capabilities will be mutually exclusive options so it would be logically impossible for native Bitcoin to fulfill these needs in any circumstance.


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February 03, 2015, 03:23:48 AM
 #20926


this pretty much sums it up.

except i believe tvbcof misrepresents his "calls" and is a legend in his own mind.  i don't remember him giving any "buy" or "sell" advice around here ever.

Pffft!  Just a few hours ago you were accusing me of doing so.  Whatever dude.


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February 03, 2015, 03:24:01 AM
 #20927

Hey tvbcof, we're going back up.

Well hopefully people haven't been taking your advice for the past year.  Unfortunately, I'm sure some did, and they have paid dearly.  Shame on you.
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February 03, 2015, 03:29:38 AM
 #20928

Hey tvbcof, we're going back up.

Well hopefully people haven't been taking your advice for the past year.  Unfortunately, I'm sure some did, and they have paid dearly.  Shame on you.

except i haven't been saying buy for the entire year.

shame on you for your buy recommendations on gold and silver.  they've performed miserably since 2011 and have been flat at best for the last year.

you must be frustrated.
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February 03, 2015, 03:42:15 AM
 #20929

Hey tvbcof, we're going back up.

Well hopefully people haven't been taking your advice for the past year.  Unfortunately, I'm sure some did, and they have paid dearly.  Shame on you.

except i haven't been saying buy for the entire year.

shame on you for your buy recommendations on gold and silver.  they've performed miserably since 2011 and have been flat at best for the last year.

you must be frustrated.

Cypher, you've been nothing but bullish over the course of the entire thread's life.  In fact, you admitted that this is a place for you to troll to bears.  When it comes to PMs, I never said buy (to my recollection).  I'm not a salesman, unlike you.  I called you out on being wrong on gold vs Bitcoin for an entire year.  Hell, more than a year.  And although you probably do not recall, what I said about PMs was my shift to them from Bitcoin worked in my favor.  Furthermore, I have stated many times that gold and Bitcoin solve different problems.  Comparing the two from a functional standpoint doesn't make sense.  You, on the other hand, would rather preach the ultimate dominance of Bitcoin from your pulpit.  And like I said, this I'm sure has resulted in losses from those hapless people who have taken your advice over the past year.  It is your unmitigated arrogance that I take exception to.
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February 03, 2015, 03:45:45 AM
 #20930

Hey tvbcof, we're going back up.

Well hopefully people haven't been taking your advice for the past year.  Unfortunately, I'm sure some did, and they have paid dearly.  Shame on you.

except i haven't been saying buy for the entire year.

Oh, excuse me.  I took your suggestion that everything else including fiat sucks and should be dumped to be an indication that you were implying Bitcoin was where to be (from $1000 on down to $200.)  My bad.

shame on you for your buy recommendations on gold and silver.  they've performed miserably since 2011 and have been flat at best for the last year.

you must be frustrated.

Not at all.  I've not bought either one that I can recall since 2007-ish and have not suggested that anyone else do either.  All I've said is that _I_ would and do balance between the two items (Bitcoin and PM's) and I've said the same thing for 4 years here.  PM's have done exactly what I want them to do for me and a bunch more.  I have no regrets about any of my decisions on how to diversify my portfolio.

I would feel worse about dumping all my PM's and going all in to Bitcoin even if I had done so.  Even though it would have made me a ton of money it would have been an irresponsible gamble in my situation.  I don't pat myself on the back as having some special skill if I roll snake-eyes, land on community chest, and collect a 'bank error in my favor'.  That's just luck.  There were a bunch of things that could easily have gone haywire with Bitcoin over the last 4 years and we got very lucky on them.  The emergency hard-fork was one of these.


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February 03, 2015, 03:47:53 AM
 #20931

Hey tvbcof, we're going back up.

Well hopefully people haven't been taking your advice for the past year.  Unfortunately, I'm sure some did, and they have paid dearly.  Shame on you.

except i haven't been saying buy for the entire year.

shame on you for your buy recommendations on gold and silver.  they've performed miserably since 2011 and have been flat at best for the last year.

you must be frustrated.

Cypher, you've been nothing but bullish over the course of the entire thread's life.  In fact, you admitted that this is a place for you to troll to bears.  When it comes to PMs, I never said buy (to my recollection).  I'm not a salesman, unlike you.  I called you out on being wrong on gold vs Bitcoin for an entire year.  Hell, more than a year.  And although you probably do not recall, what I said about PMs was my shift to them from Bitcoin worked in my favor.  Furthermore, I have stated many times that gold and Bitcoin solve different problems.  Comparing the two from a functional standpoint doesn't make sense.  You, on the other hand, would rather preach the ultimate dominance of Bitcoin from your pulpit.  And like I said, this I'm sure has resulted in losses from those hapless people who have taken your advice over the past year.  It is your unmitigated arrogance that I take exception to.
cypherdoc has not suggested anyone to buy more than they can hold long term. Therefore, there have been no resultant losses over the past year.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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February 03, 2015, 03:53:44 AM
 #20932

cypherdoc has not suggested anyone to buy more than they can hold long term. Therefore, there have been no resultant losses over the past year.

Losses in terms of USD, absolutely.
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February 03, 2015, 03:57:18 AM
 #20933

cypherdoc has not suggested anyone to buy more than they can hold long term. Therefore, there have been no resultant losses over the past year.

Losses in terms of USD, absolutely.
But none of that is due to cypherdoc's advice. The USD will be worth zero before Bitcoin.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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February 03, 2015, 03:58:42 AM
 #20934

I would feel worse about dumping all my PM's and going all in to Bitcoin even if I had done so.  Even though it would have made me a ton of money it would have been an irresponsible gamble in my situation.  I don't pat myself on the back as having some special skill if I roll snake-eyes, land on community chest, and collect a 'bank error in my favor'.  That's just luck.  There were a bunch of things that could easily have gone haywire with Bitcoin over the last 4 years and we got very lucky on them.  The emergency hard-fork was one of these.

And a pat on the back for you 1) admitting that much of this is pure luck, like dancing through a Vietnamese minefield and 2) diversifying in the face of uncertainty ..
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February 03, 2015, 04:01:34 AM
 #20935

cypherdoc has not suggested anyone to buy more than they can hold long term. Therefore, there have been no resultant losses over the past year.

Losses in terms of USD, absolutely.
But none of that is due to cypherdoc's advice. The USD will be worth zero before Bitcoin.

A "paper loss" is a loss nonetheless.  When the bank estimates your net worth in order to issue a business loan, they don't care about your expectations of future value.  All that matters is the price today, not some theoretical number a decade from now.  If you've got a different definition of loss, then fine, we will agree to disagree.
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February 03, 2015, 04:07:41 AM
 #20936

cypherdoc has not suggested anyone to buy more than they can hold long term. Therefore, there have been no resultant losses over the past year.

Losses in terms of USD, absolutely.
But none of that is due to cypherdoc's advice. The USD will be worth zero before Bitcoin.

A "paper loss" is a loss nonetheless.  When the bank estimates your net worth in order to issue a business loan, they don't care about your expectations of future value.  All that matters is the price today, not some theoretical number a decade from now.  If you've got a different definition of loss, then fine, we will agree to disagree.
Bitcoin is not part of that equation. In fact, you could be penniless, owe millions of dollars, and live like a king with bitcoins.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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February 03, 2015, 04:08:10 AM
 #20937

you boys seem to not understand something very simple about this thread.  it really is about my experience and thoughts about what i see happening and my own personal journey with gold/silver & Bitcoin.  i really don't want or care for anyone to follow my lead.  for most of the thread, i ran my newsletter and intentionally did not give any recommendations openly as those were reserved for my subs.  and for those who did follow my advice during the newsletter lifetime, they should have made a fortune.  literally.

the fact of the matter is selling/shorting gold and silver from when i did back here has made me a fortune from which i have gladly paid my taxes:

i've been telling ppl for quite some time now that i've been selling my bullion for btc for several months now.  and its true, i've liquidated lots of the stuff since April that i first bought in 2005-2007.  i'm an ardent suporter of btc for the longest time.  i've also been warning ppl about divergences in the PM market i've been exploiting via shorts such as the divergence in silver, miners, and the gold price.  i understand what gold is all about and i love the stuff but when btc came along my allegiance switched.

the basis of my thinking has been and always will be that its all about the USD.  the Fed controls the issuance of the USD and its its only franchise.  i don't think they want to relinquish that control of the worlds reserve currency.  the USD is also how most billionaires wealth is stored in this country.  most of the debt in the world is denominated in USD (60%).  there was a great article someone posted about how the bankers have been complaining to Ben that they're being hurt by the weak USD.  Duh.

let me list the warnings i see:

1. silver has broken down badly from $50. it continues to this am.
2. silver stocks are in an obvious decline and got hit yesterday hard.
3. gold stocks are no better.  they usually lead.
4. we're at 11 yrs of the bull.  some ppl say theres an extended 9 yr cycle going on.
5. asset classes don't all break down simultaneously.  it took gold and miners several months to break down after the Dow in 2007 so i don't expect them to have followed the Dow down since May 2011.
6. gold is trying to or has, depending on how you look at it, entered a parabola.  do you really want to buy a parabola now if we're entering a major deflationary phase when cash is King?
7. its debatable how widespread the evangelism about gold has spread but everywhere i turn, on street corner stores, tv ads, and my secretary everyone's buying gold.

ok, now for the tinfoil hat stuff.  stop right here if you want to stick with the technical trading stuff above.  over many years of trading i've learned to think like a criminal and this is what i see happening.

1. GS and JPM have huge short positions in the metals.  do you think they will let them double, triple from here even if they represent hedges?  i think thats the last thing they want to see.
2. gold has acted very strange the last coupla weeks to me ramping in the face of a severe selloff in the Dow and the clear threat of deflation.
3. altho GS & JPM probably never saw the bull in PM's they aren't stupid and know how to handle them.  so how do you handle a losing situation?  Buy into it. Profit as well.  create a huge parabola. Build up an even greater short position. Get Ben to squelch liquidity. Then sell it off at the top when everyone's in and short the crap out of it. this is what happened in silver.
4. why is btc rallying all of a sudden?  could it be that its exerting itself in the economic scene based on the virtues of what we all know?  it also could be that Wall St is rotating out of stocks and soon pm's into btc. Cheesy
5. when would the trap go off?  i think todays FOMC meeting with lack of any further QE would be the perfect timing for a gold selloff.

so guys, just give me a few hours to see if my theory proves correct.  if it doesn't work by all means buy the parabola.  personally i'm going to give it a few days from today to let it work but you can all call me a tinfoiler if gold doesn't start going down after the announcement.

Disclosure:  i do have a huge short position in bullion in place.

furthermore, buying Bitcoin starting @ $1.60 has also been extremely profitable, on paper.  i've never sold a coin so you can put me in the same category as the Winklevii.  i don't care to day trade like tvbcof whose sentiment shifts with the wind and at every turn.  for me, it's about accumulating as many BTC as possible.

you guys are free to leave this thread or put me on ignore but it is painfully obvious that you guys can't stay away.  you love me and hate fact that i keep shorting and covering gold and silver at the most opportune time.  furthermore, you hate the fact that this thread is so popular with so many viewers.  that's not my problem though.  oh well.
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February 03, 2015, 04:12:45 AM
 #20938

...
furthermore, buying Bitcoin starting @ $1.60 has also been extremely profitable, on paper.  ...

Smoothie should be along shortly to demand notarized copies of all your financial statements.


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February 03, 2015, 04:14:06 AM
 #20939

@trader j

I don't feel sorry for anyone who got burnt taking investment advice on the speculation subforum of bitcointalk... and go back to the beginning of this thread and calculate the gains and losses from bitcoin and gold.  Cypherdoc was spot on with that call.

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
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February 03, 2015, 04:17:01 AM
 #20940

...
furthermore, buying Bitcoin starting @ $1.60 has also been extremely profitable, on paper.  ...

Smoothie should be along shortly to demand notarized copies of all your financial statements.



but most importantly you know it's true, as i've been consistent with that figure since long ago when we were still in single digits.  you also know my average cost in, altho it has increased from additional buying during this downturn.   i still maintain this latest downturn is yet another gift to accumulators.  i can't believe my luck actually.
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