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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032123 times)
Frozenlock
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June 28, 2013, 12:59:06 AM
 #5401

And again!



Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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June 28, 2013, 01:31:37 AM
 #5402

http://gifsound.com/?gif=http%3A%2F%2Fi.imgur.com%2Fa5DOqeZ.jpg&sound=http%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DabjE9Qx0O60&start=0

Smiley charge

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.
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June 28, 2013, 01:33:45 AM
 #5403

That's some epic music!

Bring it in the wall watcher thread.  Grin
BitcoinAshley
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June 28, 2013, 02:19:16 AM
 #5404

Someone asked for the bottom for silver and gold? $0.

As in "non-existent." There will be no trade between silver/gold and fiat currencies, once the fiat currencies collapse.

It's like asking what the exchange rate is between a speck of dust and a shovel. Ain't none. The shovel can at least dig a hole but what can the dust do?

EDIT: Yes backwardation conspiracy theories. Can't help myself Cool I just don't have as much faith in the central banksters as y'all do, to think that gold and silver are just worthless barbarous relics (yet still held in vast amounts in CB vaults around the world, with many still buying.)
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June 28, 2013, 03:01:33 AM
 #5405

All y'all waiting for the mythical permanent backwardation of gold?

I am here to tell you that it is not going to happen. There may be a normal backwardation, but the New Austrian theories for permanent backwardation are predicated on gold being a special class of commodity with magical powers.

The reason that will not play out is that what we are actually seeing is gold reverting to an ordinary commodity with no magical powers. The investment demand is eroding, and what will be left is pricing based on regular supply and demand. This means that pricing will revert to mid 1990's levels adjusted for inflation. $400/oz gold and $6/oz silver.

I think we're just waiting for permanent backwardation of crypto Smiley  

On a side note, imagine what will happen when crypto are included in commercial futures contracts
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June 28, 2013, 03:04:05 AM
 #5406

On a side note, imagine what will happen when crypto are included in commercial futures


The mother of all bubbles.  Grin
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June 28, 2013, 03:07:02 AM
 #5407

All y'all waiting for the mythical permanent backwardation of gold?

I am here to tell you that it is not going to happen. There may be a normal backwardation, but the New Austrian theories for permanent backwardation are predicated on gold being a special class of commodity with magical powers.

The reason that will not play out is that what we are actually seeing is gold reverting to an ordinary commodity with no magical powers. The investment demand is eroding, and what will be left is pricing based on regular supply and demand. This means that pricing will revert to mid 1990's levels adjusted for inflation. $400/oz gold and $6/oz silver.

OK so Gold is collapsing, where is Bitcoin?

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
BitcoinAshley
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June 28, 2013, 03:09:10 AM
 #5408

1990s levels adjusted to inflation? OK, let's use the inflation figures for food and energy prices only Cheesy

Silly people and their ever-trusting attitude towards the indexes chosen to calculate inflation, by the super-smart college-educated economists whose job it is to make inflation appear <2% so their media and thinktank paylords are happy. It's not like they have a dog in the fight or anything.... Argentina 10% anyone? Anyone? Really? Wait... Chodpapa, so you're telling me, that you won't buy my ARP for 10% less USD than they cost last year? You want 27%, or maybe 42%? I thought inflation... I thought... I thought... BAHHH.

Heck, why don't we go back to 1913's prices adjusted for inflation of the USD cost of a barrel of oil? I wouldn't mind that either...  Ok, I have to go slap my knee.
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June 28, 2013, 03:09:51 AM
 #5409

OK so Gold is collapsing, where is Bitcoin?

I really want to know what is going on in the dark pools. Are there any clues that someone is accumulating without us knowing? Was there any abnormal activity when the winklevossi bought their 1%? I know it wasn't until some long length of time after their purchase when they announced they owned their stake.
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June 28, 2013, 04:02:41 AM
 #5410

. Not a silver to its gold, but a bond to its stock.

IMO that would be the economy spending on goods and services or investing in providing them. (or fiat if you don't mind leaving the XBT ecosystem)

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
notme
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June 28, 2013, 05:17:32 AM
 #5411

. Not a silver to its gold, but a bond to its stock.

IMO that would be the economy spending on goods and services or investing in providing them. (or fiat if you don't mind leaving the XBT ecosystem)

Or, a sister crypto with an inflation rate driven by Bitcoin Difficulty, with proof of stake.

1.  How are new coins distributed with proof of stake?
2.  What happens when difficulty goes down?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
N12
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June 28, 2013, 06:06:17 AM
 #5412

That's incredible.

Double Digit Bitcoins, Triple Digit Gold?
50% done. Grin
smoothie
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June 28, 2013, 07:18:58 AM
 #5413

That's incredible.

Double Digit Bitcoins, Triple Digit Gold?
50% done. Grin

Let's wait for the inverse to happen.

triple digit gold and quadruple digit bitcoins.

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LEALANA BITCOIN GRIM REAPER SILVER COINS.
 
CurbsideProphet
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June 28, 2013, 07:22:32 AM
 #5414

APMEX was advertising a special on PAMP 1oz gold bars, $29.99 over spot.  The special ended a few hours ago so I thought I'd check in to see what the new rate is, it's $29.99 over spot  Cheesy

I guess they have a lot of supply leftover.

1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
smoothie
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June 28, 2013, 07:57:16 AM
 #5415

APMEX was advertising a special on PAMP 1oz gold bars, $29.99 over spot.  The special ended a few hours ago so I thought I'd check in to see what the new rate is, it's $29.99 over spot  Cheesy

I guess they have a lot of supply leftover.

ROFL. over supply?

███████████████████████████████████████

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 ██████    `████████████████`    ██████
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███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
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           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
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           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
 
miscreanity
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June 28, 2013, 06:00:53 PM
 #5416

The reason that will not play out is that what we are actually seeing is gold reverting to an ordinary commodity with no magical powers. The investment demand is eroding, and what will be left is pricing based on regular supply and demand. This means that pricing will revert to mid 1990's levels adjusted for inflation. $400/oz gold and $6/oz silver.

Gold is the prime commodity candidate for monetary use. It is not sought for its investment potential so much as for its stability in terms of wealth storage. The western perspective views it as any other asset, and that's part of the reason why the west is failing.

Pricing of physical monetary metals will continue to rise as the illusion of fiscal accounting machinations recede, being exposed as a fraud of epic proportions.

The elementary basis of supply and demand hold true over MMT abstractions. Marginal increase in annual PM supply availability against the fiat supply growth which is orders of magnitude greater means that, barring an immediately viable alternative, precious metals will rise in value by comparison. Any rush to accumulate amplifies such an effect.

Those principles hold true for Bitcoin as well. The limiting factor is propagation and active use, which makes it a potential alternative, but not a fully viable one as yet. Even if it can work technically, Bitcoin still has a ways to go.
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June 28, 2013, 06:04:39 PM
 #5417

Gold is a barbaric relic, deal with it. Grin
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June 28, 2013, 06:08:23 PM
 #5418

I really want to know what is going on in the dark pools. Are there any clues that someone is accumulating without us knowing? Was there any abnormal activity when the winklevossi bought their 1%? I know it wasn't until some long length of time after their purchase when they announced they owned their stake.

Same here. Perhaps znort or dooglus might be interested in analyzing capital flows, although without associated exchange information on fiat movement, I don't think there's much to be gleaned.

Anecdotal information has been fairly indicative, but the Bitcoin environment has grown to a point where any such information is a quickly shrinking sample. Still, I think high net worth entities are continuing to test the waters and may be looking to accumulate on dips. So sub-$100 prices are unlikely to sick around for very long in my view.
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June 28, 2013, 06:11:05 PM
 #5419

Still, I think high net worth entities are continuing to test the waters and may be looking to accumulate on dips. So sub-$100 prices are unlikely to sick around for very long in my view.
I'm afraid it is the exact opposite and they are looking to GTFO while the getting is good. Who's to say they aren't distributing instead of accumulating? Ah yes, the hopes of deluded bulls. Cheesy

Keep in mind that everything else is going down against the USD, and that will most likely continue taking Bitcoin down with it as people need to free up cash.
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June 28, 2013, 06:42:34 PM
 #5420

How can I value gold when I don't even know how much there is in the world held by who
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