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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1803406 times)
cypherdoc
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June 15, 2012, 11:14:03 PM
 #2121

d*mnit.  still can't get a live chart up!
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cypherdoc
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June 15, 2012, 11:15:06 PM
 #2122

oh, that is just BEAUTIFUL!!!!!!!!!!!!!!!!! Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy
miscreanity
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June 15, 2012, 11:18:28 PM
 #2123

How many bitcoins are needed to trade for 1oz of gold and 1oz of silver?



The data uses the daily London silver, PM gold fix, and the Mt. Gox weighted average Bitcoin price. For comparison, the gold-silver ratio has been included.

At its peak, just over 53 bitcoins were required to buy 2 troy ounces of monetary precious metals, one gold and one silver. I combined gold and silver because the charts were nearly identical, only at different magnitudes.

Comparing the Bitcoin to monetary metal ratio to the gold-silver ratio makes it easy to see how much better Bitcoin has performed relative to silver. The latter seems to be lagging by a few months, probably because of its industrial use aspect being tied to economic activity versus its monetary purpose.
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June 15, 2012, 11:24:24 PM
 #2124

The Silverox Update:

Bitcoin:  +20.37%

Gold:  -4%

Too bad you didn't invest that money you used to short GLD into going long on BTC Wink
miscreanity
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June 15, 2012, 11:26:10 PM
 #2125

Too bad you didn't invest that money you used to short GLD into going long on BTC Wink

Zing!

And wb tvbcof! Use that data wisely Smiley

Anyone ready for gold and silver to take rocket upward after Sunday?
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June 15, 2012, 11:28:43 PM
 #2126

oh, that is just BEAUTIFUL!!!!!!!!!!!!!!!!! Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy
Let’s see if you will recognize the Bitcoin top for a change. Grin

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
cypherdoc
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June 15, 2012, 11:30:01 PM
 #2127

oh, that is just BEAUTIFUL!!!!!!!!!!!!!!!!! Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy
Let’s see if you will recognize the Bitcoin top for a change. Grin

ok, i'll meet you back here in 2020  Cheesy
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June 15, 2012, 11:31:11 PM
 #2128



Anyone ready for gold and silver to take rocket upward after Sunday?

*raises hand*
cypherdoc
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June 15, 2012, 11:36:40 PM
 #2129

The Silverox Update:

Bitcoin:  +21.4%

Gold:  -4%
cypherdoc
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June 15, 2012, 11:41:09 PM
 #2130

Gold down; Bitcoin UP.
silverbox
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June 15, 2012, 11:42:48 PM
 #2131

Coming SoonTM:

Gold UP, BTC UP
tvbcof
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June 15, 2012, 11:44:03 PM
 #2132

Too bad you didn't invest that money you used to short GLD into going long on BTC Wink

Zing!

And wb tvbcof! Use that data wisely Smiley

I was already on a trajectory to exceed my quota and had my service upgraded to 15G.  And I had not even started to do any serious porn downloads!  These fucking Windows and Android machines and bloated mail/apps services and the like really suck it down.  Of course I am also updating the source to re-build my primary BSD machine which I've not been really able to do on 9600 baud modem for 5 years now, and that's taking a chunk.  But for sure I'll be doing my movie downloads and porn surfing from my office in town!

Silverbox:  I think the new birds have flown just earlier this year.  The service is actually very usable, even doing remote terminal mode work (to my shock and amazement.)  It does drop out for 5 minutes or so multiple times per day which is, I assume, due to certain operations which cannot be done hot and brought on by a mass migration and sales to the new sats.  Will they oversell and hence the service degrade?  I'm expecting it but would be happy to be pleasantly surprised.  It will be interesting to see how Hughes responds.  I expect favorably to the delight of my neighbors with that service.

Anyone ready for gold and silver to take rocket upward after Sunday?

No.  I cannot make it to the big city with a load of cash in that amount of time Sad  To tank up on the phyzzz of course Smiley


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June 15, 2012, 11:54:22 PM
 #2133

Anyone ready for gold and silver to take rocket upward after Sunday?
No.  I cannot make it to the big city with a load of cash in that amount of time Sad  To tank up on the phyzzz of course Smiley

That's ok. Bitcoin is better Smiley
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June 15, 2012, 11:54:25 PM
 #2134



I was already on a trajectory to exceed my quota and had my service upgraded to 15G.  And I had not even started to do any serious porn downloads!  These fucking Windows and Android machines and bloated mail/apps services and the like really suck it down.  Of course I am also updating the source to re-build my primary BSD machine which I've not been really able to do on 9600 baud modem for 5 years now, and that's taking a chunk.  But for sure I'll be doing my movie downloads and porn surfing from my office in town!

Silverbox:  I think the new birds have flown just earlier this year.  The service is actually very usable, even doing remote terminal mode work (to my shock and amazement.)  It does drop out for 5 minutes or so multiple times per day which is, I assume, due to certain operations which cannot be done hot and brought on by a mass migration and sales to the new sats.  Will they oversell and hence the service degrade?  I'm expecting it but would be happy to be pleasantly surprised.  It will be interesting to see how Hughes responds.  I expect favorably to the delight of my neighbors with that service.


Yeah those monthly limits have always turned me away from sat isp's,  plus the horrible ping times.  I live in the boonies, but there is a small telco in the area that upgraded to DSL a few years before I moved there, its suprisingly good service for how mom and pop it is.  Previously it was 28.8 in that area Wink.  I just looked it up, looks like they put that excede sat up in Oct 11, not sure when they started rolling out the service, its very new for sure, and besides the growing pains of customer service and installer shortages, it seems to be going good so far, but I still hate monthly limits and 300ms ping times..
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June 15, 2012, 11:57:01 PM
 #2135

The Silverox Update:

Bitcoin:  +21.4%

Gold:  -4%

This is one of the most amazing things I have seen all day.
All. Day.

BTC 14v4W4khWdcy3NxCUFJokQ8357QJMP1F2N  |  LTC LcGKhGuw1H3PJ51HfJqPVnPHirygNwt2Fr
DOGE D8TbSFKqPu53C2isBsWYhJBNi3zi2Z62aw   |  GRDT GxoEFPBrDEac39pjWuhQjhmZZEmgtQRurB
tvbcof
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June 16, 2012, 12:06:25 AM
 #2136

Anyone ready for gold and silver to take rocket upward after Sunday?
No.  I cannot make it to the big city with a load of cash in that amount of time Sad  To tank up on the phyzzz of course Smiley

That's ok. Bitcoin is better Smiley

I've got as much BTC as I need and want.  I got pig-headed and pissed off and just kept buying down to the $2.00 level.  It was fairly easy for someone who started at the $16.00 since one would get a shocking amount of BTC at each purchase.  That's why my cost-basis is around $6.00 in spite of my unfortunate timing on getting started.

I was ready (and probably still am) ready to by another load of BTC if it gets below $2.00.  I think we'll probably never see that again (absent a system failure) but one never knows.  Certainly it seems much more likely than that PM's will crash.


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June 16, 2012, 04:56:32 AM
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Yeah those monthly limits have always turned me away from sat isp's,  plus the horrible ping times.  I live in the boonies, but there is a small telco in the area that upgraded to DSL a few years before I moved there, its suprisingly good service for how mom and pop it is.  Previously it was 28.8 in that area Wink.  I just looked it up, looks like they put that excede sat up in Oct 11, not sure when they started rolling out the service, its very new for sure, and besides the growing pains of customer service and installer shortages, it seems to be going good so far, but I still hate monthly limits and 300ms ping times..

I'd give my left testicle for DSL.  Reliable DSL, at least, since I know other rural folks who have pretty poor luck with it...slower than ISDN and non-functional a healthy percentage of the 365 days.  I personally am way way to far from a CO which will support DSL for probably another decade.  Even my land-line barely works for voice and all the planets need to be in alignment in order to get 28k POTS modem speeds for more than a few hours.  We get about 2 trees/week (or drunk's and/or kid's cars and/or trucks) taking out whatever lines are not buried and at least one landslide/year getting those which are.  It takes it's toll on infrastructure.

The tweaker infestation has become bad around here for whatever reason.  Bad economy mostly I suspect.  I'm going to augment my 357 tweaker repellent with a 12ga pretty soon I think.  Thankfully I installed an alarm system some months ago and it scared a few off at 4:00am a month after I did so.  The upload speed of the satellite indicates that I can probably feasibly have a remote surveillance system which works and it would be fun to play around with.


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June 16, 2012, 08:37:08 AM
 #2138

Yeah those monthly limits have always turned me away from sat isp's,  plus the horrible ping times.  I live in the boonies, but there is a small telco in the area that upgraded to DSL a few years before I moved there, its suprisingly good service for how mom and pop it is.  Previously it was 28.8 in that area Wink.  I just looked it up, looks like they put that excede sat up in Oct 11, not sure when they started rolling out the service, its very new for sure, and besides the growing pains of customer service and installer shortages, it seems to be going good so far, but I still hate monthly limits and 300ms ping times..

I'd give my left testicle for DSL.  Reliable DSL, at least, since I know other rural folks who have pretty poor luck with it...slower than ISDN and non-functional a healthy percentage of the 365 days.  I personally am way way to far from a CO which will support DSL for probably another decade.  Even my land-line barely works for voice and all the planets need to be in alignment in order to get 28k POTS modem speeds for more than a few hours.  We get about 2 trees/week (or drunk's and/or kid's cars and/or trucks) taking out whatever lines are not buried and at least one landslide/year getting those which are.  It takes it's toll on infrastructure.

The tweaker infestation has become bad around here for whatever reason.  Bad economy mostly I suspect.  I'm going to augment my 357 tweaker repellent with a 12ga pretty soon I think.  Thankfully I installed an alarm system some months ago and it scared a few off at 4:00am a month after I did so.  The upload speed of the satellite indicates that I can probably feasibly have a remote surveillance system which works and it would be fun to play around with.

sorry for this OT discussion, but tvbcof, how far are you from sufficient connectivity? You can easily build cheap wifi link. 10 kilometers without amplification are possible (for example with a yagi antenna).

I have a sat-link at my parents. The bandwidth is amazing (actually getting 10-20 mbit/s down when there's no snow on the dish), but hell, a 300ms latency kills all the fun, even for basic surfing tasks. tcp connections just take too long to get going. I've been thinking about using a persistent proxy connection to an outside server...


PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
YoYa
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June 16, 2012, 10:50:14 AM
 #2139

Quote
“We’re getting requests from people literally saying, can we mail you euros [for bitcoins]? We can’t do that legally, but they keep asking.”

.... Smell's like marketing.

I'm not complaining, but hey, let call it what it is. I can see value for bitcoin in contexts other than protecting your assets within the Eurozone, and I'm not discounting bitcoin as a lesser hedge, but let's not get ahead of ourselves here.


yoya, all your posts cause cognitive dissonance with me. I know the guy in the photo is not you, but my brain is trying to associate the photo with what you write and that usually causes a conflict.

YoYa is the lil green guy?

didn't even think of that... I'll try that... thanks.

Lol, Rawdog is a gloried part of Bitcoin history, ragged on the bitcoin while he was a silver bug.....that didn't go too well for the poor fella.

But yeah, I'll be the brain slug if you want  Tongue
cypherdoc
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June 16, 2012, 04:06:33 PM
 #2140

Bitcoin: +12%

Gold: -4%

hey cypher, you've been complaining that people shouldn't take your prediction so damn short-termly... so if things turn around again mid-term, you'll look bad again and then you can't say "relax, this was a long-term outlook" that easily any more, because you will have been bragging on tiny fluctiations yourself with updates every second hour Wink.

I, for myself, wont call this anytime before 2013.



by the freneticism of your posts throughout this forum and the "bragging" poke, i'll bet you've been left behind on this latest ramp. Wink

the better initial response to your post is this:  I don't care.  why?  b/c i seriously don't think i have looked "bad" and if anything what's happening right now is that my thoughts are coming to fruition.

i agree that gold hasn't collapsed yet (it is down) but i'm still working on the collapse part.  Wink
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