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Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804351 times)
molecular
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August 25, 2012, 08:37:05 PM
 #2961

I admit my bitcoin performed much better when i bough at 8.8 and sold at 15. But my gold holdings are doing quite well; not collapsing.
its not over.

Absolutely. The $3k level isn't far off, and that's just a stepping stone. Smiley

It see with mixed emotions all the metal people on youtube getting all excited patting themselves on the back for having called bottoms and breakouts and talking about insane rallys to come in gold and silver. They seem absolutely certain that "this is it" and it will rocket to unknown new highs within the year and well beyond next year. Are these people being a bit emotional and getting carried away?

They remind me of myself when bitcoin is in a rally: I get all excited and sell all my fiat, thinking it'll go to the moon and telling everybody,... yet it never really does. The fundamentals are sound, but that alone doesn't merit a crazy exponential rally, which I'm secretly hoping for (officialy I want slow steady healthy increase)

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miscreanity
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August 25, 2012, 10:04:37 PM
 #2962

It see with mixed emotions all the metal people on youtube getting all excited patting themselves on the back for having called bottoms and breakouts and talking about insane rallys to come in gold and silver. They seem absolutely certain that "this is it" and it will rocket to unknown new highs within the year and well beyond next year. Are these people being a bit emotional and getting carried away?

They remind me of myself when bitcoin is in a rally: I get all excited and sell all my fiat, thinking it'll go to the moon and telling everybody,... yet it never really does. The fundamentals are sound, but that alone doesn't merit a crazy exponential rally, which I'm secretly hoping for (officialy I want slow steady healthy increase)

Getting excited over price is one thing - watching the movement occurring in the background is another. The same applies to Bitcoin - price action has been all over the place, but sentiment toward the system has been gradually approaching wider acceptance. Price eventually follows reality - no matter how long it might take.
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August 25, 2012, 10:06:41 PM
 #2963

I admit my bitcoin performed much better when i bough at 8.8 and sold at 15. But my gold holdings are doing quite well; not collapsing.
its not over.

Absolutely. The $3k level isn't far off, and that's just a stepping stone. Smiley

It see with mixed emotions all the metal people on youtube getting all excited patting themselves on the back for having called bottoms and breakouts and talking about insane rallys to come in gold and silver. They seem absolutely certain that "this is it" and it will rocket to unknown new highs within the year and well beyond next year. Are these people being a bit emotional and getting carried away?

I agree it's really too early to celebrate. And to be honnest early celebrations like that worry me.
What's interesting is that there's been for example Bill Murphy from gata quoting "insider" sources doing bold (crazy ? stupid ?) predictions, like 100% upside in 90 days.  (link). And from what I know he's not a "gold to the moon tomorrow" kind of analyst.
Time will tell I guess.

1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
cypherdoc
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August 25, 2012, 10:22:43 PM
 #2964

The Daaash for Digital Caaash! 
MatthewLM
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August 25, 2012, 10:35:51 PM
 #2965

The fed will announce QE3 soon, though they might make up a new name for it. Gold prices will start a new run up to new highs over the next year.

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miscreanity
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August 25, 2012, 10:46:52 PM
 #2966

The Daaash for Digital Caaash! 

Where's the veeeeeeedeeeeee-oh?! Smiley
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August 25, 2012, 10:57:08 PM
 #2967

The Daaash for Digital Caaash! 

Where's the veeeeeeedeeeeee-oh?! Smiley

shhhhhhhhh!
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August 25, 2012, 10:57:59 PM
 #2968

oh my!
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August 25, 2012, 11:02:58 PM
 #2969

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August 25, 2012, 11:15:54 PM
 #2970





This is more like it...


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August 25, 2012, 11:19:46 PM
 #2971

aw, you had to go and ruin it!  Wink
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August 26, 2012, 01:51:34 AM
 #2972

I admit my bitcoin performed much better when i bough at 8.8 and sold at 15. But my gold holdings are doing quite well; not collapsing.

its not over.

You've been waiting a year for gold to collapse.  I've been waiting a year for it to start it's next leg up.  No joy for either of us yet.  I can wait another year (or actually many) and I suppose you can also since unless you continue to hold a lot of short possitions, it's just a matter of the satisfaction of having a correct prediction and decent analytics abilities.  Actually, if people have paid you for your advice, I suppose that it's also a matter of giving your clients their moneys-worth in your case as well.


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August 26, 2012, 03:07:53 AM
 #2973



This made me lol Wink
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August 26, 2012, 05:59:30 AM
 #2974

Not surprisingly, the weekly data shows a screaming buy.



Anything in the $8 range is a discount.
molecular
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August 26, 2012, 07:01:30 AM
 #2975

The Daaash for Digital Caaash! 

sssssshh, don't tell anyone!

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molecular
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August 26, 2012, 07:03:37 AM
 #2976

I admit my bitcoin performed much better when i bough at 8.8 and sold at 15. But my gold holdings are doing quite well; not collapsing.
its not over.

Absolutely. The $3k level isn't far off, and that's just a stepping stone. Smiley

It see with mixed emotions all the metal people on youtube getting all excited patting themselves on the back for having called bottoms and breakouts and talking about insane rallys to come in gold and silver. They seem absolutely certain that "this is it" and it will rocket to unknown new highs within the year and well beyond next year. Are these people being a bit emotional and getting carried away?

I agree it's really too early to celebrate. And to be honnest early celebrations like that worry me.
What's interesting is that there's been for example Bill Murphy from gata quoting "insider" sources doing bold (crazy ? stupid ?) predictions, like 100% upside in 90 days.  (link). And from what I know he's not a "gold to the moon tomorrow" kind of analyst.
Time will tell I guess.

Yeah, well. That guy is being quoted and interviewed all over the place because his source got the August breakout right. I wonder how many guys had sources that predicted something else. Distributed Nostradamus Wink

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August 27, 2012, 12:54:53 AM
 #2977

That gold just won't stop..  This could be the start of a big run..

It'll probably spill over to BTC.. Well if we didn't have this pirate thing dragging it down..
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August 27, 2012, 03:08:48 AM
 #2978

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August 27, 2012, 04:28:58 AM
 #2979

looks to me like just about everyone around here has been shaken out...
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August 27, 2012, 04:29:59 AM
 #2980

looks to me like just about everyone around here has been shaken out...

Do shakers count?

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