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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1933449 times)
cypherdoc
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April 07, 2013, 01:33:20 PM
 #4621

Now at 1/10 the price of an ounce of gold.

Slowly but surely.
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cypherdoc
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April 07, 2013, 04:19:48 PM
 #4622

where the hell is zerg?

what have i done?  he very well may be an unworthy caretaker of the Silverbox Update trolling device.  Wink
thezerg
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April 07, 2013, 04:46:50 PM
 #4623

where the hell is zerg?

what have i done?  he very well may be an unworthy caretaker of the Silverbox Update trolling device.  Wink

Sorry!  Always around but often unable to get on a real comp to run the script... Maybe I can set it up as an appengine so u can run it too
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April 07, 2013, 04:51:32 PM
 #4624

where the hell is zerg?

what have i done?  he very well may be an unworthy caretaker of the Silverbox Update trolling device.  Wink

Sorry!  Always around but often unable to get on a real comp to run the script... Maybe I can set it up as an appengine so u can run it too


hey, bearing the flag has never been an easy job.

get out your calculator/slide rule  Wink
Melbustus
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April 07, 2013, 04:56:04 PM
 #4625

Now at 1/10 the price of an ounce of gold.

Slowly but surely.


Slowly? This is happening quite a bit faster than *I* anticipated, at least...

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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April 07, 2013, 05:02:33 PM
 #4626

Now at 1/10 the price of an ounce of gold.

Slowly but surely.


Slowly? This is happening quite a bit faster than *I* anticipated, at least...

this is true.
thezerg
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April 07, 2013, 07:58:58 PM
 #4627

At long last:

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin is 160.00.  Gold is 1582.00
Bitcoin: 2862.96%
Gold:    -6.39%
Diff:   3065% advantage Bitcoin and Growing

That's right, if you sold your gold and bought bitcoin you now have THIRTY TIMES the buying power of the goldbug who held...
To steal a Smoothie move, I'd just like to ask "how does it feel?"  Grin

And friday was a big day for gold rallying almost 30 bucks... was that just a blip?  If we use the friday gold low and the bitcoin high of 162.50, the advantage increases to 3171%
cypherdoc
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April 07, 2013, 09:55:45 PM
 #4628


Diff:   3065% advantage Bitcoin and Growing


 Shocked Shocked Shocked Shocked Shocked
ajk
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April 07, 2013, 10:00:55 PM
 #4629

better buy gold soon though i am thinking its going to turn upwards from here,

majority in bitcoin though obviously Smiley
cypherdoc
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April 08, 2013, 02:21:23 AM
 #4630

Gold down.  Bitcoin UP.

Zerg?
ineededausername
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April 08, 2013, 03:04:28 AM
 #4631

Gold DOWN, Bitcoin UP!

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin hit 174.47.  Gold is 1578.90
Bitcoin: 3130.93%
Gold: -6.57%
Diff: 3358.13% advantage Bitcoin and Growing

That is a Pirate-level return on Bitcoin this year!  That's right, an average of around 6% a week!

I shudder to think how it would feel to have sold at $5, $10, $20, $40, $80, or even $140.

Up we go!

(BFL)^2 < 0
cypherdoc
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April 08, 2013, 03:09:46 AM
 #4632

Gold DOWN, Bitcoin UP!

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin hit 174.47.  Gold is 1578.90
Bitcoin: 3130.93%
Gold: -6.57%
Diff: 3358.13% advantage Bitcoin and Growing

That is a Pirate-level return on Bitcoin this year!  That's right, an average of around 6% a week!

I shudder to think how it would feel to have sold at $5, $10, $20, $40, $80, or even $140.

Up we go!

yes, let's make this an open source project.  PILE ON! Grin
paraipan
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April 08, 2013, 03:11:54 AM
 #4633

Gold DOWN, Bitcoin UP!

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin hit 174.47.  Gold is 1578.90
Bitcoin: 3130.93%
Gold: -6.57%
Diff: 3358.13% advantage Bitcoin and Growing

That is a Pirate-level return on Bitcoin this year!  That's right, an average of around 6% a week!

I shudder to think how it would feel to have sold at $5, $10, $20, $40, $80, or even $140.

Up we go!

yes, let's make this an open source project.  PILE ON! Grin

Gold DOWN, Bitcoin UP!

BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
oakpacific
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April 08, 2013, 03:15:56 AM
 #4634

Gold DOWN, Bitcoin UP!

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin hit 174.47.  Gold is 1578.90
Bitcoin: 3130.93%
Gold: -6.57%
Diff: 3358.13% advantage Bitcoin and Growing

That is a Pirate-level return on Bitcoin this year!  That's right, an average of around 6% a week!

I shudder to think how it would feel to have sold at $5, $10, $20, $40, $80, or even $140.

Up we go!

How long had pirate operated his Ponzi? I figure that if someone has put his money in bitcoins at the 2011 bottom, or 2012 August bottom, he would get a pirate-level return per week on average.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
ineededausername
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April 08, 2013, 03:17:20 AM
 #4635

Gold DOWN, Bitcoin UP!

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin hit 174.47.  Gold is 1578.90
Bitcoin: 3130.93%
Gold: -6.57%
Diff: 3358.13% advantage Bitcoin and Growing

That is a Pirate-level return on Bitcoin this year!  That's right, an average of around 6% a week!

I shudder to think how it would feel to have sold at $5, $10, $20, $40, $80, or even $140.

Up we go!

How long had pirate operated his Ponzi? I figure that if someone has put his money in bitcoins at the 2011 bottom, or 2012 August bottom, he would get a pirate-level return per week on average.

The scheme operated from November '11 to August '12, so Bitcoin has a much longer record of profits than the scam right now. Smiley

(BFL)^2 < 0
thezerg
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April 08, 2013, 12:37:55 PM
 #4636

Good Morning East Coast USA!!!  Gold down, bitcoin ATH!!!

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin is 190.00.  Gold is 1575.00
Bitcoin: 3418.52%
Gold:    -6.80%
Diff:   3675% advantage Bitcoin and Growing


(PS: I'm very happy for others to post the updates as well.  Esp tomorrow as I will be flying to San Fran)
alexh
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April 08, 2013, 12:40:16 PM
 #4637

So excited, gogo Bitcoin!
Zangelbert Bingledack
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April 08, 2013, 09:47:37 PM
 #4638

Diff:   3675% advantage Bitcoin and Growing

Jesus H Shocked
Melbustus
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April 08, 2013, 10:22:07 PM
 #4639

...tomorrow as I will be flying to San Fran)

You gonna stay for the conference? http://www.bitcoin2013.com/

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
miscreanity
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April 09, 2013, 02:11:04 AM
 #4640

A word of caution for those who have drunk the kool-aid and think it's going to become the dominant currency solution for the masses:  If it is tied up by a tiny minority of ultra-wealthy and if there is not distributive method (both of which seem inevitable), it very well may be the case that something else will come along which 'sells better' to the actual users.  That is my projection for the future of 'exchange currencies'.  If I am very lucky it may well capture a lasting segment of the 'reserve currency' market share.

The vast majority of gold is held by a tiny minority of ultra-wealthy. That didn't stop it from becoming the world's prime form of wealth storage. Keep in mind that there are numerous other forms of savings, including silver and other metals. Likewise, Bitcoin is not alone: it has a cast of several supporting cryptocurrencies, including Litecoin, PPcoin, and Ripple.

As for an industrial-scale distributive method, it exists in the usage of bitcoins as funding for business endeavors. Initially, a good amount of Bitcoin supply will flow to the top - a groundswell of acquisition. That will then follow a trickle-down pattern, coming to a more disbursed level of ownership to accompany existing supply already in place. The distribution issue shouldn't be a primary concern due to the divisibility of units.

Even with turbulence, I find it unlikely that Bitcoin will experience a crash going forward. With the Cyprus event and planned continuation of confiscation, there is now a race against time for Bitcoin to come out ahead of gold in public awareness. Whichever is the focus of people's wealth in a panic reaction will gain initial primacy. Bitcoin and cryptocurrencies will win out over the long-term, but it's still very possible for gold to experience a sudden revaluation. As awareness of gold's wealth protection spreads, the concept of Bitcoin will follow. Any attempt to confiscate or excessively tax gold will result in a shift toward cryptocurrencies by those unable to leave significant amounts of wealth sit in multiple jurisdictions.

If anything, it would likely be wise to not leave cryptocurrencies. Trade among them the way gold is traded on its ratio to silver and other precious monetary metals. In fact, the first exchange that can combine multiple cryptocurrency markets with the major precious metals would have a horde of investment inflow (GoldMoney?).
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