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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1808472 times)
cypherdoc
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September 19, 2012, 06:10:11 PM
 #3241

Update:

Bitcoin:  up 134%

Gold:  up 5%

Difference:  129% advantage Bitcoin and growing.
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tvbcof
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September 19, 2012, 06:55:38 PM
 #3242


<snip - rocket pic>


@ $12.6x/BTC.  Oh ya.  Now we're cooking with gas!

Even with my cautions 'expect the worst' nature, I was a bit surprised that we fell so far so fast from the $15 a month ago.  (But due to that nature, I was not shocked nor hurt...it was just an item of interest.)  I lack a solid explanation for either the run-up or the drop off, but it will be really interesting to see if one or both events are replicated going forward.  We seem to be getting into the 'run-away train' up phase over the last day or two,


cypherdoc
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September 20, 2012, 01:44:52 AM
 #3243

Everyone here needs to recommend to Lauren Lyster of Capital Account to get Trace Mayer on for an interview.
silverbox
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September 20, 2012, 11:22:45 PM
 #3244

So I have this working theory that one week in the bitcoin world is the equivalent to a quarter (of a year) in the rest of the financial world..

Sound?  or bumpucky?? Wink

Everything moves faster in the wild westDistributed Cryptocurrency world..
labestiol
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September 21, 2012, 07:49:22 AM
 #3245

Well if you see bitcoin as moving closer to lightspeed than us, then their time is dilated and they are travelling into the future Grin

But no, the less flawed explanation is just that bitcoin is a comparatively smaller market, thus bigger volatility. It won't last

1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
SkRRJyTC
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September 21, 2012, 02:23:48 PM
 #3246

miscreanity asked me months ago on this thread when i would capitulate and turn bullish on gold.  i told him here that if gold can get over the February high of 1793 then i'll admit i'm wrong.  you all are so close so you'd better buy the hell out of gold just to prove me wrong.

i don't think it gets there.

So close I can taste it.  Shocked Grin

Will today be the day the Cypher turns back into a gold bull?
silverbox
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September 21, 2012, 02:34:08 PM
 #3247

Well if you see bitcoin as moving closer to lightspeed than us, then their time is dilated and they are travelling into the future Grin

But no, the less flawed explanation is just that bitcoin is a comparatively smaller market, thus bigger volatility. It won't last

Bitcoin moves faster then everything else..  Maybe it is FTL!!

This isn't volatility, this is straight up appreciation..

Remember the guy who bought a pizza for 1 Trillion Satoshi's! 

Volitility implies it goes up and down..  This is basically straight up baby!! Wink

PS.  I'm selling Pizza's for 1/2 a trillion Satoshi's get em while they are hot!!

cypherdoc
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September 21, 2012, 02:53:50 PM
 #3248

miscreanity asked me months ago on this thread when i would capitulate and turn bullish on gold.  i told him here that if gold can get over the February high of 1793 then i'll admit i'm wrong.  you all are so close so you'd better buy the hell out of gold just to prove me wrong.

i don't think it gets there.

So close I can taste it.  Shocked Grin

Will today be the day the Cypher turns back into a gold bull?

you spoke too soon.
SkRRJyTC
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September 21, 2012, 03:07:41 PM
 #3249

miscreanity asked me months ago on this thread when i would capitulate and turn bullish on gold.  i told him here that if gold can get over the February high of 1793 then i'll admit i'm wrong.  you all are so close so you'd better buy the hell out of gold just to prove me wrong.

i don't think it gets there.

So close I can taste it.  Shocked Grin

Will today be the day the Cypher turns back into a gold bull?

you spoke too soon.

Im not so sure.  I would take the 1793 vs 1750 bet Tongue
labestiol
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September 21, 2012, 03:19:53 PM
 #3250

Ah Ah, gamblers spotted. ~1% moves -> noise

1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
cypherdoc
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September 24, 2012, 01:01:20 AM
 #3251

miscreanity asked me months ago on this thread when i would capitulate and turn bullish on gold.  i told him here that if gold can get over the February high of 1793 then i'll admit i'm wrong.  you all are so close so you'd better buy the hell out of gold just to prove me wrong.

i don't think it gets there.

So close I can taste it.  Shocked Grin

Will today be the day the Cypher turns back into a gold bull?

you spoke too soon.

"so close you could taste it".  how classic.  your tongue just got bit off.
SkRRJyTC
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September 24, 2012, 10:26:36 AM
 #3252

miscreanity asked me months ago on this thread when i would capitulate and turn bullish on gold.  i told him here that if gold can get over the February high of 1793 then i'll admit i'm wrong.  you all are so close so you'd better buy the hell out of gold just to prove me wrong.

i don't think it gets there.

So close I can taste it.  Shocked Grin

Will today be the day the Cypher turns back into a gold bull?

you spoke too soon.

"so close you could taste it".  how classic.  your tongue just got bit off.


Is it normal for you to get excited about down moves that happen above your short point? Tongue

You called for a collapse from 1690.  A move from 1790 down to 17xx doesnt mean anything for you.
MatthewLM
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September 24, 2012, 10:53:53 AM
 #3253

The price of gold has just reached $1,000,000 an ounce...



yes that's right, I'm selling an ounce of gold for one million dollars... any takers?

Bitcoin Extra Wallet | Peercoin Android Wallet
BTC: 1D5A1q5d192j5gYuWiP3CSE5fcaaZxe6E9  PPC: PH7fVn1Xs7nkUFmdwCX2ZRYfLPCSwGxAq9
silverbox
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September 24, 2012, 04:38:59 PM
 #3254

Not alot of change, but its been awhile.

This thread was started 3/13:

Bitcoin  5.40

Gold 1690


today 9/24:

Bitcoin 12.15 (up ~125%)

Gold 1763   (up ~4%)


BTC seems to be stable at ~12.

PM's seem kinda stuck/stable as well.

BTC is still outperforming gold.


GPL 2.22  (Silver lg  @ 1.98)  up 12%
cypherdoc
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September 24, 2012, 11:14:24 PM
 #3255

Lol:

http://www.zerohedge.com/news/2012-09-24/get-your-fake-tungsten-filled-gold-coins-here
Melbustus
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September 24, 2012, 11:58:31 PM
 #3256



...load up on tungsten bars/coins to use to surrender to the feds when they do a 30's-style gold recall....nice.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
cypherdoc
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September 25, 2012, 04:23:08 PM
 #3257

i'm beginning to think this tungsten filled gold fiasco is a game changer.

think about it; dealers have found a way to subvert the physical tangibility factor that all the gold bugs here have tried to pound home as its main virtue.  i'm not just saying this b/c i'm bearish on gold from a fundamental and technical standpoint.  this was totally unexpected by me but is a development that seriously brings into question the viability of a physical monetary currency.

instead of a USD for gold tx being extinguished immediately upon exchange, now scamming dealers have found a way to create financial counterparty risk.

it appears that the only viable way to verify that a bar or coin's integrity is to use ultrasound.  i actually have an ultrasound in my business and am investigating a way to tune its velocity to that of gold so that i can examine my own few remaining coins as well as experiment for fun.  now clearly, i am in the minority of bullion holders who have this capability.  this is a problem for the remaining public that does not have access to this technology.  it means that whenever you go to the coin shop to buy a coin or bar, that dealer has a potential asymmetric informational advantage over you.  you have no idea whether he is legit or a scammer.  this will put you at tremendous financial risk unless you somehow get access to an ultrasound which most won't have.  thus, your exchange will have to take place purely on faith.  clearly, in my mind, this will put a chill into the minds of current and potential future gold investors and to my mind has the potential to be a game changer and kill the gold bull market.

btw, this is what happens at bubble highs.  i en-liken it to subprime loans.  the market gets so frothy, fraud starts to enter in ultimately destroying the market.

i will actually try to put up pictures of my gold and silver coins if i get this to work and will compare them to things like Casascius coins, etc.
Severian
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September 25, 2012, 04:25:34 PM
 #3258

thus, your exchange will have to take place purely on faith.  clearly, in my mind, this will put a chill into the minds of current and potential future gold investors and to my mind has the potential to be a game changer and kill the gold bull market.

This also has potential to drive the silver market up. Junk silver especially.
cypherdoc
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September 25, 2012, 04:27:19 PM
 #3259

thus, your exchange will have to take place purely on faith.  clearly, in my mind, this will put a chill into the minds of current and potential future gold investors and to my mind has the potential to be a game changer and kill the gold bull market.

This also has potential to drive the silver market up. Junk silver especially.

this is very true altho it may be hard for silver to rally if gold doesn't.
SkRRJyTC
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September 25, 2012, 04:48:29 PM
 #3260

If this isnt a new problem, why is it now a game changer?

2000
http://news.google.com/newspapers?id=xFQ1AAAAIBAJ&sjid=bSUMAAAAIBAJ&pg=3170,2691496&dq=fake+gold+bars&hl=en

1994
http://news.google.com/newspapers?id=mjhOAAAAIBAJ&sjid=UxMEAAAAIBAJ&pg=2711,2001207&dq=fake+gold+bars&hl=en

1983
http://news.google.com/newspapers?id=-j9PAAAAIBAJ&sjid=tAIEAAAAIBAJ&pg=2433,8840389&dq=fake+gold+bars&hl=en
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