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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1803449 times)
bitcool
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September 13, 2012, 08:19:11 PM
 #3181

Not sure about cypherdoc, but you should avoid Bob Prechter at all cost:
 http://articles.businessinsider.com/2011-02-25/markets/30072830_1_predictions-stock-market-robert-prechter
"Greatest wealth destroyer in the financial pundit world."
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September 13, 2012, 08:29:05 PM
 #3182

As much as I hate QE, I have been vindicated and cypherdoc was wrong. There you go... finally.

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September 13, 2012, 08:29:51 PM
 #3183

This thread was started 3/13:

Bitcoin  5.40

Gold 1690


today 9/13:

Bitcoin 11.31 (up ~109%)

Gold 1765   (up ~4%)


BTC seems to be holding steady, after the 35% crash, in the 10-11 range.

Gold is UP (QE forever is now HERE)

BTC is still outperforming gold.


GPL 2.35  (Silver lg  @ 1.98)  Hmm, the pick that I made that Cypher called irresponsible IIRC..  up 19%...  and rising..


+1 (QE forever is now HERE)

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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September 13, 2012, 08:47:14 PM
 #3184

Not sure about cypherdoc, but you should avoid Bob Prechter at all cost:[...]
Noted.

Regarding this new now enormous and probably never-ending QE, in another article:

In an unprecedented and controversial move, the Federal Reserve today announced the initiation of an open-ended round of Quantitative Easing (QE3) and extended the period for which it will keep rates between 0 and 1/4% to mid-2015.
[...]
Unlike QE1 and QE2, no dollar amount or time-limit was placed on the program. The Fed essentially announced it will be purchasing $40 billion in MBS per month until further notice.

This is a monster, huge, gargantuan change from prior operations. QE1 "cost" $1.7 trillion. QE2 was half a trillion, give or take. The new plan isn't really QE3, because it's never scheduled to end. It is an entirely different, frightening animal.


Helicopter Ben in full swing Smiley

Articoli bitcoin: Il portico dipinto
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September 13, 2012, 10:12:26 PM
 #3185


Cypherdoc: are you still a deflationist...?

<chirp, chirp, chirp...>


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September 14, 2012, 03:57:19 AM
 #3186


Cypherdoc: are you still a deflationist...?

<chirp, chirp, chirp...>

I think the issue is: deflationish in which numeraire?

In FRN$ probably a high or very high inflationist; thus QE to infinity due to derivative evaporations and debt destruction. In gold, yes, a huge deflationist.

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September 14, 2012, 05:06:57 AM
 #3187

Cypherdoc: are you still a deflationist...?
<chirp, chirp, chirp...>
I think the issue is: deflationish in which numeraire?

In FRN$ probably a high or very high inflationist; thus QE to infinity due to derivative evaporations and debt destruction. In gold, yes, a huge deflationist.

Yet another good piece from KWN.

Currency inflation is a form of deleveraging that offers the illusion of normalcy; asset value deflation is being replaced by monetary instrument deflation. If the base currency is inflated to meet the level of debt, the ratio becomes 1:1 and defaults technically don't occur. End result: artificial shortages of real assets and major social turmoil.
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September 14, 2012, 05:17:59 AM
 #3188

TO INFINITY AND BEYOND!!!

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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September 14, 2012, 05:56:18 AM
 #3189


Cypherdoc: are you still a deflationist...?

<chirp, chirp, chirp...>

I think the issue is: deflationish in which numeraire?

In FRN$ probably a high or very high inflationist; thus QE to infinity due to derivative evaporations and debt destruction. In gold, yes, a huge deflationist.

You? Or Cypherdoc?

The distinction vis-a-vis numeraire is a good point to make.  I consider money to be exclusively debt (for now at least, and as long as Bernanke and his managers are defining things) and figure that as long as the debt can be pawned off on someone who will not unload it or require to much by way of interest payments, there is enough flexibility in the system to march along.  To quote Dick Cheney, "Deficits don't matter."

Perhaps trading new debt for various derivatives mis-calculated by the nature of the shell games which define them would help various large institutions with their books and in return they will absorb as much debt as necessary debt at 'favorable' terms?  Since the health of their books are highly dependent on how the laws are written (and/or enforced) and that is the job of the government, the government who needs a sink for the debt is well positioned to sweeten the deal.   So, at the end of the day (or this day at least) I consider myself in the 'inflationist' camp.  Again, though, it is because I ignore all numeraire saved debt instruments (which I assume due more to conventional wisdom than true understanding must continue to grow to stave off collapse.)


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September 14, 2012, 08:18:47 AM
 #3190

You? Or Cypherdoc?

The distinction vis-a-vis numeraire is a good point to make.  I consider money to be exclusively debt (for now at least

My opinion, but I think Cypherdoc and I are in the same neighborhood and any differences are not that large.

If you do not build your reasoning on clear and concise definitions of words then how can you construct very useful and applicable models from theories?

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September 14, 2012, 11:42:05 AM
 #3191


My opinion, but I think Cypherdoc and I are in the same neighborhood ...

That's odd because I think you are in our PM bug's neighborhood, and Cypherdoc is in Bob's neighborhood; you are implying we are all in the same neighborhood.

The very thought that Bob Prechter may live in my neighborhood sends chill down my spine  Shocked
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September 14, 2012, 05:38:55 PM
 #3192

 I consider money to be exclusively debt

I just had to preserve that.

Sig for sale
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I advocate the Zeitgeist Movement & Venus Project.


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September 14, 2012, 09:47:45 PM
 #3193


My opinion, but I think Cypherdoc and I are in the same neighborhood ...

That's odd because I think you are in our PM bug's neighborhood, and Cypherdoc is in Bob's neighborhood; you are implying we are all in the same neighborhood.

The very thought that Bob Prechter may live in my neighborhood sends chill down my spine  Shocked

We all share one planet.

Bitcoin combines money, the wrongest thing in the world, with software, the easiest thing in the world to get wrong.
Visit www.thevenusproject.com and www.theZeitgeistMovement.com.
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September 14, 2012, 09:56:27 PM
 #3194


My opinion, but I think Cypherdoc and I are in the same neighborhood ...

That's odd because I think you are in our PM bug's neighborhood, and Cypherdoc is in Bob's neighborhood; you are implying we are all in the same neighborhood.

The very thought that Bob Prechter may live in my neighborhood sends chill down my spine  Shocked

We all share one planet.
Hi Bob, tell me again, what happened to my money?  Grin
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September 15, 2012, 06:40:19 PM
 #3195

http://www.youtube.com/watch?v=OtN9YUvh_XM

sunnankar; that was brilliant!

my favorite parts:

1.  "Bitcoin has crawled out of the sludge"  Cheesy



2.  "you can go extinct if you want"  Cheesy



you'd better watch out Gold!
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September 15, 2012, 07:33:01 PM
 #3196

http://www.youtube.com/watch?v=OtN9YUvh_XM

sunnankar; that was brilliant!
...
Nice... but there are hundred different alternative cryptocurrencies?  Shocked

That's a gigantic microphone btw  Grin
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September 15, 2012, 07:52:33 PM
 #3197

Yep, really a great interview.
Thanks Trace  Smiley

PS : freebitcoinguide.com doesn't seem to work

1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
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September 15, 2012, 09:46:39 PM
 #3198

http://www.youtube.com/watch?v=OtN9YUvh_XM

sunnankar; that was brilliant!
...

Agree.  If you are the guy in that vid, sunnankar, then it was really well done in my opinion.  In my opinion your explanations were clear and solid and the general tone was just about right for my liking.  I would rate it near the top of any presentations and discussions I've seen on the subject.

BTW, you (again, if that's you) look a lot like that guy in Fargo.


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September 15, 2012, 10:35:00 PM
 #3199

http://www.youtube.com/watch?v=OtN9YUvh_XM

sunnankar; that was brilliant!
...

Agree.  If you are the guy in that vid, sunnankar, then it was really well done in my opinion.  In my opinion your explanations were clear and solid and the general tone was just about right for my liking.  I would rate it near the top of any presentations and discussions I've seen on the subject.

BTW, you (again, if that's you) look a lot like that guy in Fargo.



not only was sunnankar brilliant, the interviewer was also.  his skepticism was precisely along the lines of the most common questioning put forward by hardened gold bugs and suspicious Bitcoin skeptics; what if the gov't attacks it, who backs it, who profits from the introduction of new coins, can my grandmother use it?  sunnankar not only handled those questions well but turned the answers into a veiled threat; you should be afraid of missing out.  i think that was the lawyer coming out of him.

we need to get sunnankar on Capital Account with Lauren Lyster.  he might actually like her too, being of similar age.  Wink

"Bitcoin arising out of the primordial sludge."  Lol!
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September 16, 2012, 04:17:14 AM
 #3200

we need to get sunnankar on Capital Account with Lauren Lyster.  he might actually like her too, being of similar age.  Wink

I already called first dibs on LL Tongue
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