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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1805787 times)
cypherdoc
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March 04, 2013, 05:09:32 PM
 #4361

The Daaash for Digital Caaash!
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cypherdoc
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March 04, 2013, 05:11:54 PM
 #4362

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

Bitcoin:  +570%

Gold:  -7%

silverbox in big trouble.  plumbing new lows.

GPL:  -41% silverbox long


Diff:  +577% advantage Bitcoin and growing
cypherdoc
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March 04, 2013, 06:01:09 PM
 #4363

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

Bitcoin:  +574%

Gold:  -7%

silverbox in big trouble.  plumbing new lows.

GPL:  -41% silverbox long


Diff:  +581% advantage Bitcoin and growing
lebing
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March 04, 2013, 07:11:47 PM
 #4364

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

Bitcoin:  +574%

Gold:  -7%

silverbox in big trouble.  plumbing new lows.

GPL:  -41% silverbox long


Diff:  +581% advantage Bitcoin and growing

Cypher, its great and all, but seriously.



This guy silverbox hasnt been here in so long, I dont even know who he is.

Bro, do you even blockchain?
-E Voorhees
cypherdoc
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March 04, 2013, 08:53:02 PM
 #4365

miscreanity, you said it was time!?  Angry



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March 04, 2013, 09:15:02 PM
 #4366

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?

Check out this article for the basic synopsis:

Quote
http://finance.yahoo.com/news/short-etfs-u-treasury-bonds-165637539.html
Instruments that will likely see a pick-up in interest in this environment of institutional appetite to be short treasuries, include PowerShares DB 3X Short 25+ Year Treasury Bond ETN (SBND), which offer three times leveraged short exposure but with the leverage re-balanced on a monthly basis instead of a daily basis like the aforementioned inverse funds.

Treasuries are crap, the only thing you might lose in this bet is time. But it's a safe bet and it will happen eventually (in the next year or two). Having a 3X ETF will help with leveraging this position.

I still prefer Bitcoins as an investment against the dollar, though.

cypherdoc
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March 04, 2013, 09:21:07 PM
 #4367

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?

Check out this article for the basic synopsis:

Quote
http://finance.yahoo.com/news/short-etfs-u-treasury-bonds-165637539.html
Instruments that will likely see a pick-up in interest in this environment of institutional appetite to be short treasuries, include PowerShares DB 3X Short 25+ Year Treasury Bond ETN (SBND), which offer three times leveraged short exposure but with the leverage re-balanced on a monthly basis instead of a daily basis like the aforementioned inverse funds.

Treasuries are crap, the only thing you might lose in this bet is time. But it's a safe bet and it will happen eventually (in the next year or two). Having a 3X ETF will help with leveraging this position.

I still prefer Bitcoins as an investment against the dollar, though.

oh yeah baby.  a Bond Vigilante!  nice!

good luck.  made a few bucks myself on TBT several months ago.  this really is the canary in the coal mine.
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March 04, 2013, 11:34:00 PM
 #4368

miscreanity, you said it was time!?  Angry

Yup Smiley

good luck.  made a few bucks myself on TBT several months ago.  this really is the canary in the coal mine.

Too bad it didn't seem like it was going to stick; I'd have ridden it all the way down to the basement. We still might get that opportunity soon...
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March 04, 2013, 11:45:39 PM
 #4369

http://youtu.be/yZ_8igb0ofQ
cypherdoc
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March 05, 2013, 12:36:05 AM
 #4370


i just got done explaining to a client why i don't think we're going to see this.
miscreanity
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March 05, 2013, 12:39:51 AM
 #4371

i just got done explaining to a client why i don't think we're going to see this.

I felt bad for the client, but I'm sure you pointed him toward Bitcoin, so I'm happy for the client Wink
cypherdoc
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March 05, 2013, 12:50:59 AM
 #4372

i just got done explaining to a client why i don't think we're going to see this.

I felt bad for the client, but I'm sure you pointed him toward Bitcoin, so I'm happy for the client Wink

conflicted much?  Wink
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March 05, 2013, 01:23:19 AM
 #4373

I just want to put things in perspective. I was about to buy more silver because its undervalued and might go lower but decided that I have plenty and starting to see that silver could take years to finally reach true value. So I ended up depositing more cash for bitcoin. Starting to see that bitcoin will be over 100 just because its not a derivative market, and maybe this will happen first before silver reaches $50.

Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
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March 05, 2013, 03:18:52 AM
 #4374

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

Bitcoin:  +585%

Gold:  -7%

silverbox in big trouble.  plumbing new lows.

GPL:  -41% silverbox long


Diff:  +592% advantage Bitcoin and growing
cypherdoc
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March 05, 2013, 04:38:31 AM
 #4375

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

Bitcoin:  +590%

Gold:  -7%

silverbox in big trouble.  plumbing new lows.

GPL:  -41% silverbox long


Diff:  +597% advantage Bitcoin and growing
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March 05, 2013, 05:19:16 AM
 #4376

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

Bitcoin:  +598%

Gold:  -7%

silverbox in big trouble.  plumbing new lows.

GPL:  -41% silverbox long


Diff:  +605% advantage Bitcoin and growing
molecular
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March 05, 2013, 07:14:59 AM
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i just got done explaining to a client why i don't think we're going to see this.

I watched this last night. David Morgan is a master. He doesn't lie, but assume there's a stock that goes from $1 to $320 in 10 years.

It makes 10% of the way (from $1 to $30, a $29 increase) in 90% of the time (9 years), then goes from $30 to $320 (a $290 increase), making the "last 90%" in the last 10% of the time (1 year).

Is it still a good time to get in at $30? Sure!

But hell, I would rather ride the first 10% ($29, 3000%, 30-fold increase) than the last 90% (according to David Morgan "the bulk", which "only" constitutes a 1000%, 10-fold increase.

He makes it sound like the most money was still to be made in silver, which is not entirely the case. This guy has been in the game for over 30 years. What was his gain so far? I'm sure he sold in the 80s spike and re-acquired.




PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
cypherdoc
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March 05, 2013, 08:14:57 AM
 #4378

Stop and think for a moment.

I know it seems so long ago but we just blew by silver with nary a heartbeat.

We are now experiencing the Slingshot Effect.  Do you really think silver will still go parabolic?
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March 05, 2013, 08:43:51 AM
 #4379

Stop and think for a moment.

I know it seems so long ago but we just blew by silver with nary a heartbeat.

We are now experiencing the Slingshot Effect.  Do you really think silver will still go parabolic?

With silver there is a different market in physical and paper. Paper may go parabolic even when physical is in oversupply, and vice versa. In 1980 there was a paper silver spike with a glut on physical. In 2008 physical was mostly inobtainable and I could sell it for 2,5 times the paper silver price (whenever I found it in the supply network).

Even now there are signs of a physical shortage in silver. During the last 2 years more and more digits have been added to the market, and silver has gone down. Anything can happen, and I await for 1-2 more spikes in silver before the uptrend is consummated. Silver follows gold, and gold looks tame but the real action as always is behind the scenes.

Before bitcoin, silver was the ultimate parabolic bet. After the recent events in bitcoin, silver may be relegated to a lesser role, to conform to gold more.

There is a place for each in every portfolio that is larger than $0.5M. For people with less, I would suggest bitcoin first and then increasing amounts of silver. At $0.5M you start adding gold in even larger amounts.



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March 05, 2013, 09:15:34 AM
 #4380

The Daaash for Digital Caaash!  Cheesy
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