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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1803612 times)
oakpacific
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February 19, 2013, 03:42:59 PM
 #4241



Yawn.   I'm bored.  Wink

I guess selling all my silver back in early 2011 wasn't such a bad idea after all,  eh?

Seriously though, I decided to buy a couple of avalons,  so I've been busy in the mining forum.  

Asics going to blow this thing wide open.

What the heck, did you imply that you are half-converted into a geek already?  Cheesy

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cypherdoc
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February 19, 2013, 04:16:38 PM
 #4242



Yawn.   I'm bored.  Wink

I guess selling all my silver back in early 2011 wasn't such a bad idea after all,  eh?

Seriously though, I decided to buy a couple of avalons,  so I've been busy in the mining forum.  

Asics going to blow this thing wide open.

What the heck, did you imply that you are half-converted into a geek already?  Cheesy


yep.  this one did it for me:


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February 19, 2013, 04:19:15 PM
 #4243

the silverbox update (comparison from the beginning of this thread, March 13th, 2012):

Bitcoin:  +432%

Gold:  -5%

GPL:  -28% silverbox long

Diff:  +437% advantage Bitcoin
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February 19, 2013, 04:27:43 PM
 #4244

are you ready?  it's going to be loud:

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February 19, 2013, 04:46:29 PM
 #4245

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February 19, 2013, 04:54:09 PM
 #4246

you like my new silver coin avatar?  for the special occasion!

i can't wait to change it to gold!
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February 19, 2013, 05:03:00 PM
 #4247

iz it tim yet?

waspoza
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February 19, 2013, 05:03:36 PM
 #4248

you like my new silver coin avatar?  for the special occasion!

i can't wait to change it to gold!

Pretty! Can you post bigger version?
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February 19, 2013, 05:33:51 PM
 #4249

technically Bitcoin and Silver have already crossed although at different times today.

silver got down to 29.175 while Bitcoin hit 29.2.

welcome to the the world!  Cheesy
molecular
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February 19, 2013, 05:35:20 PM
 #4250

Gold and Silver down; Bitcoin UP.

http://bitbet.us/bet/224/bitcoin-and-silver-price-to-intersect-in-february/

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molecular
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February 19, 2013, 05:39:47 PM
 #4251

technically Bitcoin and Silver have already crossed although at different times today.

silver got down to 29.175 while Bitcoin hit 29.2.

welcome to the the world!  Cheesy

Well, it should be at the same time. I have little doubt it will happen as defined by the bet I just posted, probably today or tomorrow.


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February 19, 2013, 07:03:32 PM
 #4252

molecular
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February 19, 2013, 08:09:21 PM
 #4253


(click for larger version)

data from bitcoincharts.com and netdania.com. I think I got the scales correct.

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February 19, 2013, 08:28:29 PM
 #4254


(click for larger version)

data from bitcoincharts.com and netdania.com. I think I got the scales correct.


Nice!  pretty amazing, huh?
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February 19, 2013, 09:01:35 PM
 #4255


(click for larger version)

data from bitcoincharts.com and netdania.com. I think I got the scales correct.


Nice!  pretty amazing, huh?

Not really.  We are about half way to what I would consider the floor level of 'success' in my speculative investment in Bitcoin.  If/when we get to $60/BTC I will consider it a success.  This is what I want to see in order to balance the risks I've taken in participating as a speculator.

Now I of course hope to see a jackpot.  I would define that as parity with 1 oz of gold.  I do not even rule out the possibility of parity with gold on the 1 kg basis, but I am not expecting any of these as 'likely' events.  Only possible.


dacoinminster
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February 19, 2013, 09:26:17 PM
 #4256

I've posted this a couple other places today. Might as well put it here too:



(From my Using Memes to Explain Bitcoin)

Bitcoins are a couple pixels larger now than when I first published this, but you get the idea.

cypherdoc
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February 19, 2013, 11:47:13 PM
 #4257

The Bitcoin:Silver Slingshot Effect:

Melbustus
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February 20, 2013, 12:14:11 AM
 #4258

...
If/when we get to $60/BTC I will consider it a success. 
...

How did you get to $60 as a success case? Personally, I don't think the price is stable medium/long term anywhere between $10 and $500. Guess that makes me one of the "all-or-nothing" theorists around here.

I suppose the only case that could put bitcoin in the middle of that range, in my opinion, is if there are a number of cryptocurrencies all with their own unique benefits, but also some amount of utility overlap. Could happen, but I think it more likely bitcoin with either incorporate anything new/better itself, or be completely superseded.


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
marcus_of_augustus
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February 20, 2013, 12:34:02 AM
 #4259

...
If/when we get to $60/BTC I will consider it a success. 
...

How did you get to $60 as a success case? Personally, I don't think the price is stable medium/long term anywhere between $10 and $500. Guess that makes me one of the "all-or-nothing" theorists around here.

I suppose the only case that could put bitcoin in the middle of that range, in my opinion, is if there are a number of cryptocurrencies all with their own unique benefits, but also some amount of utility overlap. Could happen, but I think it more likely bitcoin with either incorporate anything new/better itself, or be completely superseded.



I think these are interesting considerations  but since bitcoin has fixed supply then can't be contemplated in isolation to the total Money supply bitcoin represents. E.g. bitcoin total supply is around $300 million now, so any billionaire thinking of jumping in has to keep that in mind but a little guy with 1-10 million can probably move in without making too many waves or getting shafted ...  at $60 bitcoin ... ~ 6-700 million total bitcoin MB then i think is when we have to watch out for govt. moves. They let e-Gold go until it hit aroun $800million to $1 billion in total assets, for bitcoin that would be at around $90-$100 per bitcoin valuations.

Further out there, if bitcoin were to become Paypal competitor we are looking at $20-$30 billion total assets, so around  $3,000 per bitcoin valuations.

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February 20, 2013, 01:00:31 AM
 #4260

...
If/when we get to $60/BTC I will consider it a success. 
...

How did you get to $60 as a success case? ...


Sorry to be vague.  That was just where I personally am at around 1000% ahead.  Nothing deeper than that.

Higher numbers seem plausible to me because the actual value on a per-BTC basis have nothing to do with the usefulness of the currency as an exchange vehicle, but the supply is such that the amount needed for liquidity could impact demand significantly.  Of course people will also hoard for a time if values go on a run which could produce a very high spike.

It's also entirely possible that attack, system failure, or competition could quash the value at any time.  Attempting to capitialize on what ever fortune may be in our collective futures promises to be interesting and challenging.


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