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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1977832 times)
cypherdoc
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August 02, 2012, 09:01:40 PM
 #2641

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 8/2

Bitcoin 10.51 (up ~95%)

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)  




Difference: 101% ADVANTAGE BITCOIN
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin-Qt, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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miscreanity
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August 03, 2012, 03:40:48 AM
 #2642

Difference: 101% ADVANTAGE BITCOIN

Gold getting schooled? It's older and more experienced. There are still some tricks up its shiny sleeve. Then it'll have to pass the torch.
Hexadecibel
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August 03, 2012, 09:29:21 AM
 #2643

Difference: 101% ADVANTAGE BITCOIN

Gold getting schooled? It's older and more experienced. There are still some tricks up its shiny sleeve. Then it'll have to pass the torch.

Gold is too old to rock, no more rocking for gold.


Avoid the Censored /r/Bitcoin on Reddit.
/r/BTC allows open discussion, and public moderation logs.
Read Satoshi's White paper: http://nakamotoinstitute.org/bitcoin/
cypherdoc
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August 03, 2012, 03:08:17 PM
 #2644

Then it'll have to pass the torch.

its happening right before your eyes.  wake up man.
Serge
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August 03, 2012, 03:13:52 PM
 #2645

Bitcoin - so lightweight, yet so rich.
cypherdoc
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August 03, 2012, 03:37:54 PM
 #2646

miscreanity:

silverbox
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August 03, 2012, 03:55:05 PM
 #2647

Gold sure seemed to have recovered quick..  I wonder what were going to be at before the next fomc..  1700??
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August 03, 2012, 03:59:38 PM
 #2648

Gold sure seemed to have recovered quick..  I wonder what were going to be at before the next fomc..  1700??

you wish..  Tongue

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
silverbox
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August 03, 2012, 04:01:39 PM
 #2649

Gold sure seemed to have recovered quick..  I wonder what were going to be at before the next fomc..  1700??

you wish..  Tongue

It's collapsing upwards!!  Don't you know?? Wink
cypherdoc
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August 03, 2012, 05:06:16 PM
 #2650

Bitcoin:  +103%

Gold:  -5%

Diff:  +108% ADVANTAGE BITCOIN!
cypherdoc
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August 03, 2012, 06:01:16 PM
 #2651


Bitcoin:  +106%

Gold:  -5%

Diff:  +111% ADVANTAGE BITCOIN!
miscreanity
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August 03, 2012, 07:45:52 PM
 #2652

Bitcoin:  +106%

Gold:  -5%

Diff:  +111% ADVANTAGE BITCOIN!

To close the gap to Bitcoin, gold would have to double. Possible, and even probable (for physical gold), but then again - nobody has argued that gold would outpace Bitcoin's growth. Tongue

As tvbcof pointed out, they have nearly identical purposes, but are in different classes.

Gold is on the launchpad, its purpose to escape the the planet's gravity. It's a short event, taking minutes until in orbit.

Bitcoin gets launched from space and is gaining momentum for interplanetary travel. Velocity is built up over time, taking weeks to months.
conspirosphere.tk
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Revolution will be decentralized


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August 03, 2012, 07:50:08 PM
 #2653

It's an unfair competition, until banksters starts selling tons of BTC paper derivatives.
cypherdoc
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August 03, 2012, 07:52:21 PM
 #2654

It's an unfair competition, until banksters starts selling tons of BTC paper derivatives.

not really b/c they can't.
conspirosphere.tk
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August 03, 2012, 08:04:58 PM
 #2655

It's an unfair competition, until banksters starts selling tons of BTC paper derivatives.

not really b/c they can't.

They would even sell derivatives on their grandma, if they smelled profits. Just wait that they notice BTC. Paper promises are just that, and there is always plenty of suckers.
Moreover they have more reasons to short gold, until BTC become mainstream at planetary level as gold is.
cypherdoc
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August 03, 2012, 08:13:30 PM
 #2656

It's an unfair competition, until banksters starts selling tons of BTC paper derivatives.

not really b/c they can't.

They would even sell derivatives on their grandma, if they smelled profits. Just wait that they notice BTC. Paper promises are just that, and there is always plenty of suckers.
Moreover they have more reasons to short gold, until BTC become mainstream at planetary level as gold is.

the "unfair competition" as you call it, was "defined" by your compatriot in gold, silverbox.  his definition was the beginning of this thread.  so there you have it.
miscreanity
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August 03, 2012, 08:19:07 PM
 #2657

It's an unfair competition, until banksters starts selling tons of BTC paper derivatives.
not really b/c they can't.

What do you call Bitcoin futures and options?

Also, Bitcoin is now in the danger zone range of $11-12. Expect about a 10% decline over the weekend.
cypherdoc
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August 03, 2012, 08:21:07 PM
 #2658

It's an unfair competition, until banksters starts selling tons of BTC paper derivatives.
not really b/c they can't.

What do you call Bitcoin futures and options?

Also, Bitcoin is now in the danger zone range of $11-12. Expect about a 10% decline over the weekend.

oh, wasn't aware of those.  so then it is a fair competition.  Bitcoin IS kicking gold's ass.
miscreanity
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August 03, 2012, 08:26:15 PM
 #2659

It's an unfair competition, until banksters starts selling tons of BTC paper derivatives.
not really b/c they can't.
What do you call Bitcoin futures and options?

Also, Bitcoin is now in the danger zone range of $11-12. Expect about a 10% decline over the weekend.

oh, wasn't aware of those.  so then it is a fair competition.  Bitcoin IS kicking gold's ass.

They don't have enough volume to be the primary driving force behind the price, though. If derivatives were the primary form of exchange instead of direct BTC holdings, then I'd agree. For now, the Bitcoin markets are still heavily dominated by the equivalent of physical gold trading - the real thing is in vogue.
silverbox
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August 03, 2012, 08:57:09 PM
 #2660

It's an unfair competition, until banksters starts selling tons of BTC paper derivatives.

not really b/c they can't.

They would even sell derivatives on their grandma, if they smelled profits. Just wait that they notice BTC. Paper promises are just that, and there is always plenty of suckers.
Moreover they have more reasons to short gold, until BTC become mainstream at planetary level as gold is.

the "unfair competition" as you call it, was "defined" by your compatriot in gold, silverbox.  his definition was the beginning of this thread.  so there you have it.

Its not a competition, pretty much everyone here is a BTC bull.

I'm still waiting for that "COLLAPSE"  and "CRASH"  that you called for in the general markets and PM's (Gold in particular)..  Its been 6 months, how long is it going to take?? Wink
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