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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1933415 times)
rocks
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February 18, 2015, 06:51:14 PM
 #21341

that is cool.

reminds me of back when i was solo mining with Stratum.  you really get the feel of the power of the network watching hash guesses scrolling rapidly up your monitor in realtime.

Yes, that was definitely a fun part of mining, just sitting there and watching the hashes tick by and then realizing that there were many thousands of other miners doing the exact same thing. Bitcoin is easily the largest computer by far, the fact it is a distributed computer is amazing.
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cypherdoc
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February 18, 2015, 06:54:30 PM
 #21342

that is cool.

reminds me of back when i was solo mining with Stratum.  you really get the feel of the power of the network watching hash guesses scrolling rapidly up your monitor in realtime.

Yes, that was definitely a fun part of mining, just sitting there and watching the hashes tick by and then realizing that there were many thousands of other miners doing the exact same thing. Bitcoin is easily the largest computer by far, the fact it is a distributed computer is amazing.

since slush was the guy who wrote Stratum, i assume it was he who was responsible for the hidden humor embedded in hashes with >100,000 difficulty --> "Yay!"
cypherdoc
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February 18, 2015, 07:18:46 PM
 #21343

on balance, i think this is really great:

http://cir.ca/news/nyc-public-wi-fi/163615
Erdogan
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February 18, 2015, 07:45:13 PM
 #21344

So we have diverse money transmitting companies and remittance companies.

Then we have Wallet to Wallet, or W2W

I think the B2B side of the legal marihuana industry is ripe for W2W

Operatr
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February 18, 2015, 07:57:02 PM
 #21345

Do we ever expect BTC to be above gold again?
If yes, then when?

NotLambchop
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February 18, 2015, 08:01:38 PM
 #21346

Do we ever expect BTC to be above gold again?
If yes, then when?

Well, gold [as a store of value] is sorta an anachronism at this point, and Bitcoin's quickly becoming obsolete.  A race to the bottom.  But Bitcoin seems to be winning Undecided
uki
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February 18, 2015, 08:12:39 PM
 #21347

Do we ever expect BTC to be above gold again?
If yes, then when?

Well, gold [as a store of value] is sorta an anachronism at this point, and Bitcoin's quickly becoming obsolete.  A race to the bottom.  But Bitcoin seems to be winning Undecided
Central banks surely didn't say their last word in terms of pushing gold further down, so I am sure we may come back to this discussion sooner than we expect.
Both assets seem to be on a verge of mining profitability with current prices, yet the constant down pressure checks whether the thin line can be moved further down. Indeed a race to the bottom.

explorer
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February 18, 2015, 08:28:47 PM
 #21348

Do we ever expect BTC to be above gold again?
If yes, then when?

Should cross at about $850  this year  :p
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February 18, 2015, 11:33:04 PM
 #21349

-snip-
Thanks for the answer and the picture. It goes to my book with quotes.

It was recently used in this post: http://vineyardsaker.blogspot.nl/2015/02/behind-great-western-firewall-is-ugly.html

Like this post? you can tip me (BTC) 18j7UBNfhWWfvwGwrtzWfUrp1v6RDerFkY or (XEM) NBXGH5-MXQPNL-T5TA3R-QCQYUX-3FIEXC-LGIKGT-H7XJ
NewLiberty
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February 19, 2015, 06:21:15 AM
 #21350

http://www.bloomberg.com/news/articles/2015-02-09/greek-investors-buying-more-gold-coins-from-u-k-s-royal-mint

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
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February 19, 2015, 06:22:12 AM
 #21351

Finally capitulated and got a Trezor. Very cool.
dillpicklechips
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February 19, 2015, 06:46:52 AM
 #21352

Finally capitulated and got a Trezor. Very cool.

I think they are cool. It's just like a locked down tiny computer whose sole purpose is to keep private keys safe and sign things. The same technology that makes bitcoin security easy can be used for everything else where a private key needs to be kept secret. BitID, Password Manager app, pgp, encryption, and others. Perhaps the first "personal crypto-computer"? By having it's own secure display and a pin that can't be stolen by spyware, and with locked down firmware, you can be certain what message you are signing.

I can't wait to sign into a website with no password and be impossible for anyone to impersonate me! And the bonus is that websites who use key auth means there is no password to steal. All they get is the ID/public key.


molecular
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February 19, 2015, 06:58:41 AM
 #21353

Do we ever expect BTC to be above gold again?
If yes, then when?

Don't know about we, but I expect BTC to tade above gold in 2016 (maybe even this year, but not very likely).

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
uki
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February 19, 2015, 08:39:34 AM
 #21354

Do we ever expect BTC to be above gold again?
If yes, then when?

Should cross at about $850  this year  :p
don't see that happening. A short v-type break in gold towards $1000 may be in the cards, but $850 is a far off bet. Despite what many perma-bears say.
So gold-BTC cross would have to happen higher and very likely not in 2015.

Fabrizio89
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February 19, 2015, 08:43:15 AM
 #21355

Gold and silver are looking good at the moment, DXY looks toppish and EUR looks like it may recover. We'll see what happens but I have my fingers stuck order buttons with my btc. Cheesy

https://1broker.com/m/r.php?i=2479
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uki
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February 19, 2015, 09:08:06 AM
 #21356

Gold and silver are looking good at the moment, DXY looks toppish and EUR looks like it may recover. We'll see what happens but I have my fingers stuck order buttons with my btc. Cheesy
gold and silver should hold a week or two more to give any hope for a retest of recent high (1307 in gold). taking into account historical charts (with 40+ years of data), there is still time for the upside movement until the end of April.

picolo
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February 19, 2015, 09:53:56 AM
 #21357

Gold and silver are looking good at the moment, DXY looks toppish and EUR looks like it may recover. We'll see what happens but I have my fingers stuck order buttons with my btc. Cheesy

You mean Today? It is a little bit better but in 2 weeks, Gold lost all its previous gains of the last 2 months.


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uki
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February 19, 2015, 10:29:36 AM
 #21358

Gold and silver are looking good at the moment, DXY looks toppish and EUR looks like it may recover. We'll see what happens but I have my fingers stuck order buttons with my btc. Cheesy

You mean Today? It is a little bit better but in 2 weeks, Gold lost all its previous gains of the last 2 months.
that is exactly my point. Gold failed to break 1320 level to the upside and then slipped down through all important 1250 level and MA in the 1220s area. The day before yesterday even 11 handle was seen for a moment, so that is quite a retrace from the most recent local high. As I already said the last two weeks of February are full of events that will have the influence on the gold price. Only, if gold at least holds above 1230 we may think about further move to the upside. In the opposite direction, the most important support sits at 1180 level. Breaking down there, means retesting the main low in the 1130 area once again.

cypherdoc
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February 19, 2015, 01:01:42 PM
 #21359

Finally capitulated and got a Trezor. Very cool.

I think they are cool. It's just like a locked down tiny computer whose sole purpose is to keep private keys safe and sign things. The same technology that makes bitcoin security easy can be used for everything else where a private key needs to be kept secret. BitID, Password Manager app, pgp, encryption, and others. Perhaps the first "personal crypto-computer"? By having it's own secure display and a pin that can't be stolen by spyware, and with locked down firmware, you can be certain what message you are signing.

I can't wait to sign into a website with no password and be impossible for anyone to impersonate me! And the bonus is that websites who use key auth means there is no password to steal. All they get is the ID/public key.



I'm sure you're following Steve Gibson's SQRL  project.  There's also a Bitcoin variant of this also. 
L0uis
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February 19, 2015, 02:01:38 PM
 #21360

http://newsbtc.com/2015/02/19/independent-investigators-find-fresh-details-mt-gox/
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