Bitcoin Forum
December 03, 2016, 12:00:09 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
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

Pages: « 1 ... 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 [132] 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 ... 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1803613 times)
miscreanity
Legendary
*
Offline Offline

Activity: 1078


View Profile
August 02, 2012, 04:40:03 AM
 #2621

gold doesn't seem to be doing so well today. Wink

It's very likely that there will be a short spike down in the monetary metals before they confirm the recent breakout and have a rise similar to Bitcoin's during the last two months. Of course, with multiple Pirate-like operations going, Bitcoin should continue to steadily rise in value. If there are any major shocks to the traditional financial markets, a greater than normal flow might enter Bitcoin and cause a spike (or a series of spikes) similar to the $9+ a couple of weeks ago.

Wink

We're at a breaking point, like a pressure cooker. If everyone refused to sell their bitcoins, the same explosive situation would be present. Sinclair's perspective is wise as always...

Quote from: Jim Sinclair
Many of you are so lost in the Fed soap opera that you have lost your focus entirely. The longer the Fed waits, the greater the amount of QE they will have to do.

As in the Skier illustration, done for you years ago, the second drop in the US economy is going directly through the floor. Markets will push the Fed to act on a random day, not on a predetermined Fed meeting of the FOMC.

Where did you all get the crazy idea that Fed moves come on schedule? That implies preplanning – something that has never occurred.
1480766409
Hero Member
*
Offline Offline

Posts: 1480766409

View Profile Personal Message (Offline)

Ignore
1480766409
Reply with quote  #2

1480766409
Report to moderator
1480766409
Hero Member
*
Offline Offline

Posts: 1480766409

View Profile Personal Message (Offline)

Ignore
1480766409
Reply with quote  #2

1480766409
Report to moderator
1480766409
Hero Member
*
Offline Offline

Posts: 1480766409

View Profile Personal Message (Offline)

Ignore
1480766409
Reply with quote  #2

1480766409
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
August 02, 2012, 03:31:03 PM
 #2622

Gold isn't doing so well today. Wink
silverbox
Legendary
*
Offline Offline

Activity: 910


View Profile
August 02, 2012, 03:42:33 PM
 #2623

Yup, probably pull back a bit and then rise into the next FOMC meeting.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
August 02, 2012, 03:43:53 PM
 #2624

Gold down, Bitcoin UP. Cheesy
miscreanity
Legendary
*
Offline Offline

Activity: 1078


View Profile
August 02, 2012, 03:55:50 PM
 #2625

This is the kind of action that I expect to see as the market mechanism shears through the connection between financial instruments and the real underlying assets - hundreds of basis point swings in the most major of markets. As before, an acceleration instead of a return would indicate that separation.

The only market I know of that isn't currently subject to obscurity through derivatives is Bitcoin. I think it's rather telling that traditional markets have been experiencing an increase in volatility in recent times as Bitcoin has been seeing a decrease. We'll see how long Bitcoin can remain stable as turmoil elsewhere continues escalating.

GATA has put together some interesting information with a recent post, including an article from 1983. An important bit:

Quote
After World War II, the BIS reemerged as the main clearing house for European currencies and, behind the scenes, the favored meeting place of central bankers. When the dollar came under attack in the 1960s, massive swaps of money and gold were arranged at the BIS for the defense of the American currency. It was undeniably ironic that, as the president of the BIS observed, "the United States, which had wanted to kill the BIS, suddenly finds it indispensable." In any case, the Fed has become a leading member of the club, with either Chairman Paul Volcker or Governor Henry Wallich attending every "Basel weekend."

Originally, the central bankers sought complete anonymity for their activities. Their headquarters were in an abandoned six story hotel, the Grand et Savoy Hotel Universe, with an annex above the adjacent Frey's Chocolate Shop. There purposely was no sign over the door identifying the BIS, so visiting central bankers and gold dealers used Frey's, which is across the street from the railroad station, as a convenient landmark. It was in the wood-paneled rooms above the shop and the hotel that decisions were reached to devalue or defend currencies, to fix the price of gold, to regulate offshore banking, and to raise or lower short-term interest rates. And though they shaped "a new world economic order" through these deliberations, according to Guido Carli, the governor of the Italian central bank,, the public, even in Basel, remained almost totally unaware of the club and its activities.

Fixing the price of gold, clouding the value that might be obtained by market-based price discovery. The BIS is where the real value is known. We are not privy to the information that these bankers hold amongst themselves, but we can observe the forces in play and efforts to manage them. We can see where failure might occur, and take action.

Tomorrow, or perhaps over the coming weekend, I would put a major event occurring in which the foundation of the existing financial system ruptures at a 50/50 chance. After such an event, the possibility exists that the separation in financial and real assets happens. I think that may be more difficult to maintain than some suspect, as there are simply so many sources of information available that it would be impossible to shut them all out without completely severing all forms of communication. If the link remains, oscillations in volatility will make 2008 feel like a mild tremor. As some of the greats have stated - $100+ swings in gold. Daily. Maybe hourly.

With my play account, I'm short USD/CHF and short EUR/USD at a 3:2 ratio; EUR/USD set to stop out for a profit at 1.25.

I just hope nothing truly tragic takes place.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
August 02, 2012, 06:00:11 PM
 #2626

The Daaash for Digital Caaash! Wink
thezerg
Legendary
*
Offline Offline

Activity: 1246


View Profile
August 02, 2012, 06:54:13 PM
 #2627


Tomorrow, or perhaps over the coming weekend, I would put a major event occurring in which the foundation of the existing financial system ruptures at a 50/50 chance. After such an event, the possibility exists that the separation in financial and real assets happens.

That's quite a prediction. I respect that  Smiley  What's the triggering event?
silverbox
Legendary
*
Offline Offline

Activity: 910


View Profile
August 02, 2012, 06:56:23 PM
 #2628


Tomorrow, or perhaps over the coming weekend, I would put a major event occurring in which the foundation of the existing financial system ruptures at a 50/50 chance. After such an event, the possibility exists that the separation in financial and real assets happens.

That's quite a prediction. I respect that  Smiley  What's the triggering event?

Suitcase nuke in Madrid!


*kidding*
smoothie
Legendary
*
Offline Offline

Activity: 1834


LEALANA Monero Physical Silver Coins


View Profile
August 02, 2012, 06:57:29 PM
 #2629

The Daaash for Digital Caaash! Wink

You should make an animation in flash with pictures and the phrase to post each time....that would be awesome!...kind of like a flash signature

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
August 02, 2012, 06:59:54 PM
 #2630

The Daaash for Digital Caaash! Wink

You should make an animation in flash with pictures and the phrase to post each time....that would be awesome!...kind of like a flash signature

i wish i knew how!
silverbox
Legendary
*
Offline Offline

Activity: 910


View Profile
August 02, 2012, 07:00:37 PM
 #2631

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 8/2

Bitcoin 10.00 (up ~85%)

Gold 1588  (down ~6%)

BTC is double digits! , Gold is inching back to parity.  BTC is outperforming gold.


GPL 1.66  (Silver lg  @ 1.98)  


Blitz­
Moderator
Legendary
*
Offline Offline

Activity: 1596


"Cut Your Loose"


View Profile
August 02, 2012, 07:02:13 PM
 #2632

The Dump of Golden Clump

"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
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
August 02, 2012, 07:11:15 PM
 #2633

The Dump of Golden Clump

LOL

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
August 02, 2012, 07:12:10 PM
 #2634

gold STILL doesn't seem to be doing so well.  Wink
smoothie
Legendary
*
Offline Offline

Activity: 1834


LEALANA Monero Physical Silver Coins


View Profile
August 02, 2012, 07:13:21 PM
 #2635

Bitcoin, the coin that keeps goin'  Cheesy

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
tvbcof
Legendary
*
Offline Offline

Activity: 1974


View Profile
August 02, 2012, 08:22:01 PM
 #2636

...

The only market I know of that isn't currently subject to obscurity through derivatives is Bitcoin. I think it's rather telling that traditional markets have been experiencing an increase in volatility in recent times as Bitcoin has been seeing a decrease. We'll see how long Bitcoin can remain stable as turmoil elsewhere continues escalating.

...


Bitcoin is worse off than just having derivatives + counterparty risk hassles...It is a very thin market in which anyone with any semi-significant bit of money to play with can manipulate greatly.

My theory is that Bitcoin is ultimately useful enough and sound enough so that this won't be so much the case.  The most likely way for that to occurs is that BTC values raise significantly.  As this starts to occur it will (hopefully) be a self-perpetuating thing and show a really delightful snowballing effect.  That would be the 'jackpot' I mentioned earlier in this thread vis-a-vis my Bitcoin 'speculation' bringing BTC into the $1000's per range.


molecular
Donator
Legendary
*
Offline Offline

Activity: 2128



View Profile
August 02, 2012, 08:35:20 PM
 #2637

The Daaash for Digital Caaash! Wink

You should make an animation in flash with pictures and the phrase to post each time....that would be awesome!...kind of like a flash signature

flash is so 00s, we use animated gif nowadays.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
smoothie
Legendary
*
Offline Offline

Activity: 1834


LEALANA Monero Physical Silver Coins


View Profile
August 02, 2012, 08:38:01 PM
 #2638

The Daaash for Digital Caaash! Wink

You should make an animation in flash with pictures and the phrase to post each time....that would be awesome!...kind of like a flash signature

flash is so 00s, we use animated gif nowadays.

You get the idea though...

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
August 02, 2012, 08:38:08 PM
 #2639

The Daaash for Digital Caaash! Wink

You should make an animation in flash with pictures and the phrase to post each time....that would be awesome!...kind of like a flash signature

flash is so 00s, we use animated gif nowadays.

make me one!
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
August 02, 2012, 08:38:26 PM
 #2640

The Daaash for Digital Caaash! Wink

You should make an animation in flash with pictures and the phrase to post each time....that would be awesome!...kind of like a flash signature

flash is so 00s, we use animated gif nowadays.

Cheesy

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
Pages: « 1 ... 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 [132] 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 ... 1560 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!