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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1805442 times)
miscreanity
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February 28, 2013, 07:22:27 PM
 #4341

Fun times! If the paper price in gold is pushed below $1550 on a closing basis, we'll have a separation from physical.
What are you basing this on? Isn't a separation from physical a continuous thing? Like premiums gradually increasing?

The link between paper & physical has been tenuous for a while, but with non-stop demand the connection is only hanging on by a thread. Approach to separation is a gradually increasing process; it's the final, complete dissociation that's abrupt. Think of holding a magnifying glass over a leaf on a sunny day - the leaf slowly heats up until ignition finally occurs.
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Melbustus
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February 28, 2013, 07:37:28 PM
 #4342

Fun times! If the paper price in gold is pushed below $1550 on a closing basis, we'll have a separation from physical.
What are you basing this on? Isn't a separation from physical a continuous thing? Like premiums gradually increasing?

The link between paper & physical has been tenuous for a while, but with non-stop demand the connection is only hanging on by a thread. Approach to separation is a gradually increasing process; it's the final, complete dissociation that's abrupt. Think of holding a magnifying glass over a leaf on a sunny day - the leaf slowly heats up until ignition finally occurs.

I assume you've pretty heavily shorted GLD while buying like amounts of physical?

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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February 28, 2013, 08:01:38 PM
 #4343

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):

Bitcoin:  +539%

Gold:  -7%

silverbox in big trouble.  plumbing new lows.

GPL:  -41% silverbox long


Diff:  +546% advantage Bitcoin and growing
cypherdoc
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February 28, 2013, 08:04:22 PM
 #4344

 Shocked Shocked Shocked

10 yr daily chart

tvbcof
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February 28, 2013, 11:46:42 PM
 #4345

Seriously, I am going to get real about converting about $10k of BTC into cash, gold (1oz rounds) , or junk silver if/when we get into the $50-$60 range. 

I too prefer to trade out my assets that are increasing in value and will continue to do so for assets that are rapidly decreasing in value.

Wait, no I don't. That'd be stupid.

It was jaw-droppingly stupid to be buying BTC with both hands between 6-2011 and 11-2011 as well.  Everyone said so.  Except ~cyperdoc.  I'll just continue in my stupid ways I guess.

Actually there is a pretty fair chance that this trade would be a bad one for me (and thus a good one for a counter party.)  My goal is not necessarily to maximize my profit here.  More-so it will be to psychologically prepare myself even better to 'ride this pig' wherever it takes me having little or no net investment.


paraipan
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March 01, 2013, 12:04:18 AM
 #4346

Shocked Shocked Shocked

10 yr daily chart



Hmm, that chart reminds me of this one...


BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
adamstgBit
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March 01, 2013, 12:06:22 AM
 #4347

looks like prime time to buy!

miscreanity
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March 01, 2013, 02:11:36 AM
 #4348

I assume you've pretty heavily shorted GLD while buying like amounts of physical?

Almost - no shorting. Even if solid paper profits are realized with a spread trade like that, there's a strong possibility that those funds may become confiscated, debased, or frozen. All fiat-denominated assets are considered losses until converted into Au/Ag/BTC or productive items (real estate in growing regions, construction machinery, etc).
Spaceman_Spiff
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March 01, 2013, 03:14:26 AM
 #4349

Shocked Shocked Shocked

10 yr daily chart



Hmm, that chart reminds me of this one...



Uncanny resemblance.  The leftmost part is quite important though (big correction after huge appreciation is less bearish LT for an emerging technology/product)
usagi
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March 01, 2013, 03:39:21 AM
 #4350

Uncanny resemblance.  The leftmost part is quite important though (big correction after huge appreciation is less bearish LT for an emerging technology/product)

Yup. This is where elliot wave theory gets it's credibility from Smiley
cypherdoc
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March 01, 2013, 12:29:22 PM
 #4351

Gold down.   Bitcoin UP.
molecular
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March 01, 2013, 12:46:55 PM
 #4352

Gold down.   Bitcoin UP.

News at 11.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
molecular
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March 01, 2013, 03:39:56 PM
 #4353

anyone care to offer an opinion on Apple? My brother is thinking about getting in.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
thefiniteidea
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March 01, 2013, 04:32:37 PM
 #4354

anyone care to offer an opinion on Apple? My brother is thinking about getting in.

Have him get into Bitcoins. He will thank you in a few years.

Otherwise, SBND is a safe bet.

I would wait to see what happens with AAPL. It's not cheap enough for a buy, not overbought for a sell. I really would look elsewhere.

cypherdoc
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March 01, 2013, 05:22:30 PM
 #4355

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):

Bitcoin:  +546%

Gold:  -9%

silverbox in big trouble.  plumbing new lows.

GPL:  -41% silverbox long


Diff:  +555% advantage Bitcoin and growing
Spaceman_Spiff
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March 01, 2013, 06:06:15 PM
 #4356

Will there be a special event if/when you reach +1000% ?
CurbsideProphet
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March 01, 2013, 06:37:57 PM
 #4357

anyone care to offer an opinion on Apple? My brother is thinking about getting in.

Question isn't really relevant to the thread but I wouldn't buy.  Maybe if they focused more on getting back to innovation rather than suing everyone under the sun, but that doesn't seem to be the trend. 

1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
tvbcof
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March 01, 2013, 06:46:12 PM
 #4358

Will there be a special event if/when you reach +1000% ?

I guess you are addressing me.

The answer is 'sort of by definition' I guess.

Firstly, I do not keep records enough to know to my standards of precision when I will be at %1000 and it is unlikely that I'll put in the effort in to reach that standard even if it is possible.  I've frittered away some percentage of my BTC over the period I've had them.

Secondly, I would not consider being 'at +1000%' until I trade BTC in that quantity in exchange for something else I want.  By definition, that will be the 'special event'.

I anticipate sitting on a bulk of my BTC for a long time without converting it so we'll probably need to see 4-fig-USD/BTC before I hit my +1000% target and it remains the case that I consider this unlikely.  Though very far from impossible, and I consider it more likely now then at any time in the past.


cypherdoc
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March 04, 2013, 12:02:58 PM
 #4359

Guess what?

Gold down,  Bitcoin UP.

News at 11.
lebing
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March 04, 2013, 02:42:38 PM
 #4360

anyone care to offer an opinion on Apple? My brother is thinking about getting in.

Have him get into Bitcoins. He will thank you in a few years.

Otherwise, SBND is a safe bet.

I would wait to see what happens with AAPL. It's not cheap enough for a buy, not overbought for a sell. I really would look elsewhere.

Dont want to derail this too much, but why SBND?

Bro, do you even blockchain?
-E Voorhees
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