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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804452 times)
conspirosphere.tk
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Revolution will be decentralized


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November 16, 2012, 07:02:34 PM
 #3601

a more serious point is why ppl dont rush to get credit cards backed by gold accounts ?

They should and now they can. See below

gold accounts have 3rd party risk. It's not like you can load up your gold card shortly before each purchase like you could with a bitcoin card.

Now you can, if you have internet access. See below

i said credit card not pre-paid card

I say: how about a Gold (or silver)-backed debit card and an offshore account in a bank who does not fractional reserve, with very low costs, owned by one of the most respected precious metals guys around, available only to non-US citizens?
Check out my link: http://tinyurl.com/astnu2j

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myself
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chaos is fun...…damental :)


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November 16, 2012, 07:05:22 PM
 #3602

I say: how about a Gold (or silver)-backed debit card and an offshore account in a bank who does not fractional reserve with very low costs, owned by one of the most respected precious metals guys around, available only to non-US citizens?
Check out my link: http://tinyurl.com/astnu2j
so you want to earn the 50$ commission for each new client, Peter is awesome, is sad that US citizens are banned from that service because of retarded regulations

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
conspirosphere.tk
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November 16, 2012, 07:18:38 PM
 #3603

so you want to earn the 50$ commission for each new client, Peter is awesome, is sad that US citizens are banned from that service because of retarded regulations

Hey, I am not Santa. Why the hassle to spread useful info for nothing?
Anyway I know them since I am opening an account myself there, and in any case I do not spam shit that I don't believe in.

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November 16, 2012, 07:46:52 PM
 #3604

so you want to earn the 50$ commission for each new client, Peter is awesome, is sad that US citizens are banned from that service because of retarded regulations

Hey, I am not Santa. Why the hassle to spread useful info for nothing?
Anyway I know them since I am opening an account myself there, and in any case I do not spam shit that I don't believe in.
ofc you are not santa, 50 usd is a nice affiliate commission but this is a quite hard product to sell since most ppl who can open a account are outside US and US population is more used to buy or hold gold compared to EU 

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
cypherdoc
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November 16, 2012, 07:50:16 PM
 #3605

so you want to earn the 50$ commission for each new client, Peter is awesome, is sad that US citizens are banned from that service because of retarded regulations

Hey, I am not Santa. Why the hassle to spread useful info for nothing?
Anyway I know them since I am opening an account myself there, and in any case I do not spam shit that I don't believe in.

isn't Euro Pacific Peter Schiff's gig?  gold is getting old.
conspirosphere.tk
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November 16, 2012, 08:17:35 PM
 #3606

isn't Euro Pacific Peter Schiff's gig?  gold is getting old.

Yes, and yes, maybe 5,000 years old. That's why many likes it worldwide, not just USAian gold bugs.
BTW: that restriction is just another little alarm bell that says "get the hell out of Dodge until you can".

[edit] speaking of alarm bells: Department Of Homeland Security to Scan Payment Cards at Borders and Airports

United States have long had to declare aggregated cash and other monetary instruments exceeding $10,000. Now, under a proposed amendment to the Bank Secrecy Act, FinCEN (Financial Crimes Enforcement Network) will also require travelers to declare the value of prepaid cards that they are carrying, known now as “tangible prepaid access devices.”

Expected to be finalized by the end of this year, the cross-border reporting modifications stem from a broader October 2011 definition of payment methods and form factors that replaced the term “stored value” with the term “prepaid access” in an effort to more accurately describe the process of accessing funds held by a payment provider. http://www.forbes.com/sites/jonmatonis/2012/11/07/department-of-homeland-security-to-scan-payment-cards-at-borders-and-airports/

molecular
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November 16, 2012, 09:57:13 PM
 #3607

isn't Euro Pacific Peter Schiff's gig?  gold is getting old.

Yes, and yes, maybe 5,000 years old. That's why many likes it worldwide, not just USAian gold bugs.
BTW: that restriction is just another little alarm bell that says "get the hell out of Dodge until you can".

[edit] speaking of alarm bells: Department Of Homeland Security to Scan Payment Cards at Borders and Airports

United States have long had to declare aggregated cash and other monetary instruments exceeding $10,000. Now, under a proposed amendment to the Bank Secrecy Act, FinCEN (Financial Crimes Enforcement Network) will also require travelers to declare the value of prepaid cards that they are carrying, known now as “tangible prepaid access devices.”

Expected to be finalized by the end of this year, the cross-border reporting modifications stem from a broader October 2011 definition of payment methods and form factors that replaced the term “stored value” with the term “prepaid access” in an effort to more accurately describe the process of accessing funds held by a payment provider. http://www.forbes.com/sites/jonmatonis/2012/11/07/department-of-homeland-security-to-scan-payment-cards-at-borders-and-airports/

I guess my brain would count as a "tangible prepaid access device" in case I remembered for example an electrum seed or other seed/key (brainwallet)?

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conspirosphere.tk
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November 16, 2012, 10:02:08 PM
 #3608

I guess my brain would count as a "tangible prepaid access device" in case I remembered for example an electrum seed or other seed/key (brainwallet)?

Don't tell them or they will seize it at the border.

tvbcof
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November 16, 2012, 11:08:49 PM
 #3609

i have a new slogan:

Bitcoin UP, everything else DOWN.

I like 'collapsing' better than 'down'.  And as a bonus, it is antagonistic enough to create 182-page threads even as a demonstrably inaccurate characterization.


miscreanity
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November 17, 2012, 02:45:19 AM
 #3610

Just to be absolutely clear, out of coins means out of coins.  Smiley  We are out, out, out. 

We are getting a lot of PO requests.  I understand price is moving and people want to double, triple, quadruple check in a hope against hope that there is a chance to get a buy order in.  However we got no hidden bitcoins in the couch cushions.  No disrespect intended but OUT means OUT and it is a busy day so we may not be able to respond to all PO requests (just to say, "nope we really are out").

Thanks,

Support

Tangible Cryptography

This is the same thing that's happening with gold, silver, and numerous other real assets. In addition to the visible volume at the familiar channels, there is high volume accumulation occurring through private exchange methods. What can't be seen is often more important than what can.

If Gox is representative of less than 80% and TC is the #2/3 exchange by volume, that means supply is short and demand is high. There's also no way of knowing how many local exchangers are conducting transactions at high capacity and/or volume. The effects of OTC and dark pools are not immediately apparent, and when they finally do manifest, the changes can be... substantial.

Gold at $3,000+ and Bitcoin over $30? Easily possible, even highly likely. The question remains: which one first?
thirdchance57
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★Bitvest.io★ Play Plinko or Invest!


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November 17, 2012, 04:46:36 AM
 #3611

there are still many old geezers with wealth that will be hesitant to accept change. like my dad... he is scared of it, cuz he doesnt understand it. its gonna take some time for people to see the value and accept it.

but its happening now people are accepting it...
the 6month and 1year chart of btc look healthy. if we continue this trend btc will be 20 dollars + this time next year.

molecular
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November 17, 2012, 07:46:32 AM
 #3612

Just to be absolutely clear, out of coins means out of coins.  Smiley  We are out, out, out.  

We are getting a lot of PO requests.  I understand price is moving and people want to double, triple, quadruple check in a hope against hope that there is a chance to get a buy order in.  However we got no hidden bitcoins in the couch cushions.  No disrespect intended but OUT means OUT and it is a busy day so we may not be able to respond to all PO requests (just to say, "nope we really are out").

Thanks,

Support

Tangible Cryptography

This is the same thing that's happening with gold, silver, and numerous other real assets. In addition to the visible volume at the familiar channels, there is high volume accumulation occurring through private exchange methods. What can't be seen is often more important than what can.

If Gox is representative of less than 80% and TC is the #2/3 exchange by volume, that means supply is short and demand is high. There's also no way of knowing how many local exchangers are conducting transactions at high capacity and/or volume. The effects of OTC and dark pools are not immediately apparent, and when they finally do manifest, the changes can be... substantial.

Gold at $3,000+ and Bitcoin over $30? Easily possible, even highly likely. The question remains: which one first?

I've been thinking: A high volume of transactions can be made off-gox so to speak. If you have enough funds, why not for example push the price down on gox (for example push down $1 costing you -say- BTC 50,000) and keep it there for a day while acquiring BTC 100,000 off-gox first, then the rest on mtgox itself to drive price back up again to roughly where you started, then slowly sell if you want to get back to your same level of fiat => you have more bitcoins now: profit.


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Stephen Gornick
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November 17, 2012, 09:38:59 AM
 #3613

keep it there for a day while acquiring BTC 100,000 off-gox first,

If someone is to pay you 100K BTC, it doesn't matter what the exchange rate is, you get 100K either way.   Did you mean manipulate down the exchange rate and then lock in the BTC price of a USD-based trade (at the lower exchange rate, thus a higher quantity)?


This is the same thing that's happening with gold, silver, and numerous other real assets.

I just saw that in two places.  One here:

Seems the mint is not accepting new orders now,

And that's just for a 1 gram silver coin.


molecular
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November 17, 2012, 09:53:07 AM
 #3614

keep it there for a day while acquiring BTC 100,000 off-gox first,

If someone is to pay you 100K BTC, it doesn't matter what the exchange rate is, you get 100K either way.   Did you mean manipulate down the exchange rate and then lock in the BTC price of a USD-based trade (at the lower exchange rate, thus a higher quantity)?

I'm not sure. What I meant was: push down mtgox-price by selling btc on mtgox (everyone still looks at mtgox for price), then wait for "crowd to accept new price" and buy btc as much as you can on intersango, bitcoin.de, localbitcoins.com, #bitcoin-otc, and any other place that doesn't subsequently run to gox to re-buy what they just sold to you, so without moving mtgox price up again (keep mtgox low by selling more BTC on mtgox if necessary).

After you've done your shopping, let the mtgox market correct to original price (hope it doesn't stick at the lower price)


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November 17, 2012, 11:02:31 AM
 #3615

i have a new slogan:

Bitcoin UP, everything else DOWN.

Even USD?

My BTC input: 1GAtPwoTGPQ35y9QugJueum5GzaEzLYjiQ
My GPG ID: B0CCFD4A
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BTC Up or Down? go to www.bullbearanalytics.com


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November 17, 2012, 03:32:44 PM
 #3616

i have a new slogan:

Bitcoin UP, everything else DOWN.

Even USD?

No, Bitcoin UP, USD UP, Volatility UP
everything else DOWN

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

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cypherdoc
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November 17, 2012, 03:38:08 PM
 #3617

i have a new slogan:

Bitcoin UP, everything else DOWN.

Even USD?

yeah, i knew somebody would ask me that...that part of my thesis hasn't changed either.  USD up.
miscreanity
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November 17, 2012, 07:00:24 PM
 #3618

I'm not sure. What I meant was: push down mtgox-price by selling btc on mtgox (everyone still looks at mtgox for price), then wait for "crowd to accept new price" and buy btc as much as you can on intersango, bitcoin.de, localbitcoins.com, #bitcoin-otc, and any other place that doesn't subsequently run to gox to re-buy what they just sold to you, so without moving mtgox price up again (keep mtgox low by selling more BTC on mtgox if necessary).

After you've done your shopping, let the mtgox market correct to original price (hope it doesn't stick at the lower price)

Yes, that's the potential. Official price pushed down; actual supply obtained through alternative methods at a discount, leading to shortages. Whether any large interests are doing it, and to what extent, can be very difficult to ascertain.

  • Beat the grass to startle the snakes (everyone selling on a waterfall price decline).
  • As selling volume rises, start buying back
  • Wait patiently for price to rise above the average buy cost
  • Repeat until failure, then retreat to a higher price point where the process can be restarted



There is key resistance at about $12.60 which, once broken, will result in a quick ride to the $15 level. I expect significant resistance there, but with increasing demand it should fall relatively quickly, perhaps within a month or two. After the $15 point, there really isn't much but air to the 2011 bubble highs. A doubling would be nice to see, and since momentum almost invariably overshoots, we might see as much as 20-30% higher than $30 per bitcoin before it falls back to retest the breakout.

Only two things are holding back Bitcoin right now: general awareness, and ease-of-use. When those start to fall, whether the network is capable of handling it or not, growth will be more explosive than the wild ride in 2011. Bitcoin is certainly the ideal vehicle for this kind of activity now, but anyone who thinks it's the only asset these kind of events will occur in needs to think again.
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November 17, 2012, 07:05:22 PM
 #3619

but anyone who thinks it's the only asset these kind of events will occur in needs to think again.

there's my cue.  problem is, every time i start thinking about this i arrive at the same conclusion.  there will be only ONE Big Kahuna in this day and digital age.
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November 17, 2012, 07:19:04 PM
 #3620

but what about possible hostile legislation ?

if BTC is declared a terrorist tool, or money laundering vehicle, or whatnot ?

threat of this is the biggest weight against price explosion, imo.
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