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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2022643 times)
tvbcof
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July 20, 2015, 07:20:09 AM
 #29041

WTF happend to gold just now?  Bitcoin holding steady.

I told you not to buy.

Were you listening to iCEBLow and tvbcof again?

I drew down my BTC supply instead of my PM supply at or near the point when it was at 4-figures.  I've don't believe I've said anything about gold for a long time now, but someone who 'listened to me' over the last few years now could be forgiven based on my history.  That is, informing people that I was buying BTC at the end of 2011 and selling at the end of 2013.  And would think about buying BTC again about 6 months ago IIRC.

Dunno what ever became of ~goat, but he and I seemed to have achieved the same strategy wrt gold and bitcoin in terms of buying and selling.  This contrasts sharply with, say, you (cypherdoc) who always only says to buy BTC and sell gold.  As I say, 'one trick pony'.  You've got a 50% chance of being right which doesn't exactly take a rocket scientist to figure out.

I might add that your call to 'buy Hashfast' did work out extraordinarily well...for you and a few other insiders.  Nicely done...so far...we'll have to see how the lawsuits progress before cementing in that conclusion I guess.


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smooth
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July 20, 2015, 10:57:50 AM
 #29042

At least one of them made out like a bandit tho...

assuming one of them actually did something wrong tho...

Well, the jury is still out on that imho. It seems calling 'shill' in this place is like yelling 'fire' at an apathy convention.  Undecided

Shill

A person engaged in covert advertising. The shill attempts to spread buzz by personally endorsing the product in public forums with the pretense of sincerity, when in fact he is being paid for his services.

The "covert" attribute is not in the normal definition.  Why didn't you give us a link to your dictionary?

Here the one to mine: http://www.merriam-webster.com/dictionary/shill

Quote
to act as a spokesperson or promoter

https://en.wikipedia.org/wiki/Shill
sickpig
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July 20, 2015, 11:04:32 AM
 #29043

Yes, Monero is considered by many legendary/hero members to be the next step in crypto.  No other coin even comes close.

citation needed?

I belong to the group of people that think Monero is a valid implementation of cryptonote white paper. I even bought some (ath obviously).

But I think that what you're saying is quite bold and should be backed by something more objective.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
smooth
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July 20, 2015, 11:09:02 AM
 #29044

Thank you for the Peter Todd and Greg Maxwell citations!

Are there any more core developers with a position either positive or negative on Monero?

Not a 'position' per se but Wladimir did make a small pull request against Monero recently, indicating that he's at least looking at the code. I don't expect that to be the case for too many other coins:

https://github.com/monero-project/bitmonero/pull/329
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July 20, 2015, 11:31:22 AM
 #29045

The Monero solution to the block size limit issue was also quite nice.  It seems robust enough to manage any size growth needed forever.
 
It accomplishes this by using pooling of rewards to future blocks, miners can expand the block size by paying a little forward to a pool that rewards future miners.
It is the sort of thing that is most easily done at inception, not as easy to add later.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
Zarathustra
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July 20, 2015, 11:32:26 AM
 #29046

WTF happend to gold just now?  Bitcoin holding steady.

I told you not to buy.

Were you listening to iCEBLow and tvbcof again?

Elliott Wave 1 (of 5) down.
The Elliott Wave 'Guru' No. 1 in Germany counted the waves, 18 month ago.




http://www.dasgelbeforum.net/forum_entry.php?id=361982


It's only a prologue:



http://www.dasgelbeforum.net/forum_entry.php?id=303145

His count 2001(!):



... and what happened in reality:



http://www.dasgelbeforum.net/forum_entry.php?id=303145
Paashaas
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July 20, 2015, 01:15:43 PM
 #29047

Gold is dropping hard, the price fell 4% to as low as $1,088.05 an ounce in Asian trade, the lowest since March 2010.
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July 20, 2015, 01:40:45 PM
 #29048

Gold is dropping hard, the price fell 4% to as low as $1,088.05 an ounce in Asian trade, the lowest since March 2010.

It is being blamed on China:

http://www.businessinsider.com/gold-price-flash-crash-caused-by-five-tonnes-of-chinese-bullion-2015-7
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July 20, 2015, 02:15:18 PM
 #29049

Gold is dropping hard, the price fell 4% to as low as $1,088.05 an ounce in Asian trade, the lowest since March 2010.

and who knows what's coming next!
Dick Valentine
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July 20, 2015, 03:19:56 PM
 #29050

Gold is dropping hard, the price fell 4% to as low as $1,088.05 an ounce in Asian trade, the lowest since March 2010.

It is being blamed on China:

http://www.businessinsider.com/gold-price-flash-crash-caused-by-five-tonnes-of-chinese-bullion-2015-7

Everyone seems to like to blame China for everything  Grin. I'm still going to stick with bitcoin. In the long run bitcoin will far succeed gold.
bclcjunkie
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July 20, 2015, 04:35:05 PM
 #29051

cypherdoc you're actually doing awesome job at keeping the plebs off the barbarous relic, i gotta thank shills like you. keep it up.

WTF happend to gold just now?  Bitcoin holding steady.

I told you not to buy.

Were you listening to iCEBLow and tvbcof again?
cypherdoc
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July 20, 2015, 05:08:56 PM
 #29052

poor little iCEBLOW & tvbcof.  thank you for the money.  oh, times 2:

tvbcof
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July 20, 2015, 05:18:10 PM
 #29053


cypherdoc you're actually doing awesome job at keeping the plebs off the barbarous relic, i gotta thank shills like you. keep it up.

I've long felt that cypherdoc's stance on gold was almost exclusively to shift a small fraction of stacker's hoards into Bitcoin which could make us hodlers a bundle.  It never did and does not now make much sense to risk it all on Bitcoin unless one is pretty hand-to-mouth and doesn't have much to risk anyway.  This makes cypherdoc's advice against a balanced risk strategy shitty and self-serving (though it pales to pimping Hashfast for big shill bucks) and thus I never felt to bad about giving him shit.

I could see gold going significantly lower in dollar terms under a severe deflation where the USD held together (an unlikely combo but possible.)  The catch is that at that point there is a strong likelyhood of 'bail-ins'.  Only then would Bitcoin make sense, but so would physical (which is the only thing I've ever had any interest in.)

Both phyz and BTC, being resistant to counter-party risk, would have obvious advantages in a bail-in scenario.  The trouble with both is that one would find oneself on the wrong end of the pitchforks and 'homogenized' with people who were insider scumbags before 'the event'.  I'll expect that then, just as now, these insider scumbag types will enjoy flexibility and protections denied to simple paranoids like yours truly.


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July 20, 2015, 06:12:24 PM
 #29054

this looks good:

http://www.econtalk.org/archives/2015/07/wences_casares.html
cypherdoc
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July 20, 2015, 06:16:32 PM
 #29055


cypherdoc you're actually doing awesome job at keeping the plebs off the barbarous relic, i gotta thank shills like you. keep it up.

I've long felt that cypherdoc's stance on gold was almost exclusively to shift a small fraction of stacker's hoards into Bitcoin which could make us hodlers a bundle.  It never did and does not now make much sense to risk it all on Bitcoin unless one is pretty hand-to-mouth and doesn't have much to risk anyway.  This makes cypherdoc's advice against a balanced risk strategy shitty and self-serving (though it pales to pimping Hashfast for big shill bucks) and thus I never felt to bad about giving him shit.

I could see gold going significantly lower in dollar terms under a severe deflation where the USD held together (an unlikely combo but possible.)  The catch is that at that point there is a strong likelyhood of 'bail-ins'.  Only then would Bitcoin make sense, but so would physical (which is the only thing I've ever had any interest in.)

Both phyz and BTC, being resistant to counter-party risk, would have obvious advantages in a bail-in scenario.  The trouble with both is that one would find oneself on the wrong end of the pitchforks and 'homogenized' with people who were insider scumbags before 'the event'.  I'll expect that then, just as now, these insider scumbag types will enjoy flexibility and protections denied to simple paranoids like yours truly.



you've always told me i'm irrelevant so i find it quite satisfying that you would attribute to me such influence.  of course, i have been right on gold for 4 yrs running now and you have been devastatingly wrong.  but that's ok.   no one is perfect; esp you.

what's even  more hypocritical is your presence in this thread despite your never ending narrative of cypherdoc irrelevance.  seems you find me quite important on the contrary.  you're still a little dog nipping at my heels though.  only now, you've got a partner named iCEBLOW on the other heel so you shouldn't feel so bad.
tvbcof
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July 20, 2015, 06:42:15 PM
 #29056


cypherdoc you're actually doing awesome job at keeping the plebs off the barbarous relic, i gotta thank shills like you. keep it up.

I've long felt that cypherdoc's stance on gold was almost exclusively to shift a small fraction of stacker's hoards into Bitcoin which could make us hodlers a bundle.  It never did and does not now make much sense to risk it all on Bitcoin unless one is pretty hand-to-mouth and doesn't have much to risk anyway.  This makes cypherdoc's advice against a balanced risk strategy shitty and self-serving (though it pales to pimping Hashfast for big shill bucks) and thus I never felt to bad about giving him shit.

I could see gold going significantly lower in dollar terms under a severe deflation where the USD held together (an unlikely combo but possible.)  The catch is that at that point there is a strong likelyhood of 'bail-ins'.  Only then would Bitcoin make sense, but so would physical (which is the only thing I've ever had any interest in.)

Both phyz and BTC, being resistant to counter-party risk, would have obvious advantages in a bail-in scenario.  The trouble with both is that one would find oneself on the wrong end of the pitchforks and 'homogenized' with people who were insider scumbags before 'the event'.  I'll expect that then, just as now, these insider scumbag types will enjoy flexibility and protections denied to simple paranoids like yours truly.

you've always told me i'm irrelevant so i find it quite satisfying that you would attribute to me such influence.  of course, i have been right on gold for 4 yrs running now and you have been devastatingly wrong.  but that's ok.   no one is perfect; esp you.

what's even  more hypocritical is your presence in this thread despite your never ending narrative of cypherdoc irrelevance.  seems you find me quite important on the contrary.  you're still a little dog nipping at my heels though.  only now, you've got a partner named iCEBLOW on the other heel so you shouldn't feel so bad.

I have no more regrets about appropriately balancing my risk according to my analysis over the last 4 years than I would have about choosing tails when the coin came up heads.  Obviously I would have made more money if I had sunk everything into Bitcoin at the time I got involved, but the same could be said in retrospect about any bet.  IIRC, you were pumping money in at $30-ish when waiting 6 months could have gotten you Bitcoin at closer to $2.00, right?  Smooth move Ex Lax.  

As for your 'effectiveness' at getting people to dump gold and run to Bitcoin, I'd say it was marginal at best just looking at the price at present and over the last year and a half.  If you had been even marginally effective, Bitcoin should be in 5-figures by this time.  The only thing more pathetic than someone constantly tooting his own horn is someone who does so in the face of obvious failure which he alone seems blind to.

The only one I can think of who nailed it was ~nagle, and he only mentioned his buying once that I can remember (and then only vaguely.)  It matched perfectly with the point in time when he stopped talking Bitcoin down.


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July 20, 2015, 06:52:29 PM
 #29057

Yes, Monero is considered by many legendary/hero members to be the next step in crypto.  No other coin even comes close.

citation needed?


https://bitcointalk.org/index.php?topic=583449.msg8737736#msg8737736
cypherdoc
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July 20, 2015, 06:56:57 PM
 #29058


cypherdoc you're actually doing awesome job at keeping the plebs off the barbarous relic, i gotta thank shills like you. keep it up.

I've long felt that cypherdoc's stance on gold was almost exclusively to shift a small fraction of stacker's hoards into Bitcoin which could make us hodlers a bundle.  It never did and does not now make much sense to risk it all on Bitcoin unless one is pretty hand-to-mouth and doesn't have much to risk anyway.  This makes cypherdoc's advice against a balanced risk strategy shitty and self-serving (though it pales to pimping Hashfast for big shill bucks) and thus I never felt to bad about giving him shit.

I could see gold going significantly lower in dollar terms under a severe deflation where the USD held together (an unlikely combo but possible.)  The catch is that at that point there is a strong likelyhood of 'bail-ins'.  Only then would Bitcoin make sense, but so would physical (which is the only thing I've ever had any interest in.)

Both phyz and BTC, being resistant to counter-party risk, would have obvious advantages in a bail-in scenario.  The trouble with both is that one would find oneself on the wrong end of the pitchforks and 'homogenized' with people who were insider scumbags before 'the event'.  I'll expect that then, just as now, these insider scumbag types will enjoy flexibility and protections denied to simple paranoids like yours truly.

you've always told me i'm irrelevant so i find it quite satisfying that you would attribute to me such influence.  of course, i have been right on gold for 4 yrs running now and you have been devastatingly wrong.  but that's ok.   no one is perfect; esp you.

what's even  more hypocritical is your presence in this thread despite your never ending narrative of cypherdoc irrelevance.  seems you find me quite important on the contrary.  you're still a little dog nipping at my heels though.  only now, you've got a partner named iCEBLOW on the other heel so you shouldn't feel so bad.

I have no more regrets about appropriately balancing my risk according to my analysis over the last 4 years than I would have about choosing tails when the coin came up heads.  Obviously I would have made more money if I had sunk everything into Bitcoin at the time I got involved, but the same could be said in retrospect about any bet.  IIRC, you were pumping money in at $30-ish when waiting 6 months could have gotten you Bitcoin at closer to $2.00, right?  Smooth move Ex Lax.  

As for your 'effectiveness' at getting people to dump gold and run to Bitcoin, I'd say it was marginal at best just looking at the price at present and over the last year and a half.  If you had been even marginally effective, Bitcoin should be in 5-figures by this time.  The only thing more pathetic than someone constantly tooting his own horn is someone who does so in the face of obvious failure which he alone seems blind to.

The only one I can think of who nailed it was ~nagle, and he only mentioned his buying once that I can remember (and then only vaguely.)  It matched perfectly with the point in time when he stopped talking Bitcoin down.



you realize i can't even bother to read the content of what you write any more; it's so bad.  all i can do is think of these images of you and little iCEBLOW:

tvbcof
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July 20, 2015, 07:28:22 PM
 #29059


you realize i can't even bother to read the content of what you write any more; it's so bad.  all i can do is think of these images of you and little iCEBLOW:



I'm pretty happy to be a little dog if the alternative would entail ripping people off by participating in a mining gear scam involving none-existent and never-to-be-existent hardware.  At least you could have been original and teamed up with Josh and Sonny at BFL.  You probably would have done much better.


cypherdoc
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July 20, 2015, 07:39:19 PM
 #29060


you realize i can't even bother to read the content of what you write any more; it's so bad.  all i can do is think of these images of you and little iCEBLOW:



I'm pretty happy to be a little dog if the alternative would entail ripping people off by participating in a mining gear scam involving none-existent and never-to-be-existent hardware.  At least you could have been original and teamed up with Josh and Sonny at BFL.  You probably would have done much better.



Excuse me?

Hashfast User's Thread
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