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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1977616 times)
cypherdoc
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November 17, 2013, 06:09:21 AM
 #6501

Gold Parity, here we come.
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vokain
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November 17, 2013, 06:25:04 AM
 #6502

Gold Parity, here we come.

kinda weird to think about after all these years... what's after that?

cypherdoc
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November 17, 2013, 06:31:40 AM
 #6503

Gold Parity, here we come.

kinda weird to think about after all these years... what's after that?

The Moon?
oakpacific
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November 17, 2013, 06:33:02 AM
 #6504

Gold Parity, here we come.

kinda weird to think about after all these years... what's after that?

We don't know, we happen to live in a time that's fundamentally different from any preceding it, for the last 600 or so years, right after the institution of banking was created.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
cypherdoc
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November 17, 2013, 12:30:34 PM
 #6505

Gold collapsing. Bitcoin UP.
cypherdoc
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November 17, 2013, 12:41:43 PM
 #6506

Zerg, 500 is a milestone.
vokain
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November 17, 2013, 02:04:49 PM
 #6507

Gold Parity, here we come.

kinda weird to think about after all these years... what's after that?

We don't know, we happen to live in a time that's fundamentally different from any preceding it, for the last 600 or so years, right after the institution of banking was created.

Singularity Smiley

Omikifuse
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November 17, 2013, 02:17:44 PM
 #6508

seriously, gold has nothing to do with Bitcoin.....

vokain
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November 17, 2013, 02:21:08 PM
 #6509

seriously, gold has nothing to do with Bitcoin.....

Got your thesis, now where's the evidence and argument?

Thought so...

cypherdoc
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November 17, 2013, 07:38:09 PM
 #6510

thezerg
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November 17, 2013, 07:44:09 PM
 #6511

Zerg, 500 is a milestone.

absolutely but must wait 6 more hrs... sorry!
cypherdoc
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November 17, 2013, 07:45:25 PM
 #6512

Zerg, 500 is a milestone.

absolutely but must wait 6 more hrs... sorry!

slackin
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November 18, 2013, 01:50:23 AM
 #6513

Zerg, 500 is a milestone.

absolutely but must wait 6 more hrs... sorry!

slackin



the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 542.00 (555.82 btcChina in USD).  Gold is 1286.00.  Nasdaq is 3985.97
Bitcoin: 9937.04% (10193.04%)
Gold:    -23.91%
Nasdaq:  30.47%
Gold Diff:  13090% advantage Bitcoin
Nasdaq Diff:  7593% advantage Bitcoin
dominicwin
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November 18, 2013, 02:34:24 AM
 #6514

I have a Gold IRA and have no intentions of getting rid of it. Personally I think Gold is safer and Bitcoin is the riskier side of my investing although I LOVE LOVE LOVE bitcoin (at the moment) haha. The key word though is always Diversify!

CUBAN CIGARS for Sale - Full Boxes and Individual Cigars https://bitcointalk.org/index.php?topic=299151.0
Austrian GOLD 1oz PHILHARMONICS -  https://bitcointalk.org/index.php?topic=330401.0
BUYING BTC HERE https://bitcointalk.org/index.php?topic=334920.0
AndrewWilliams
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Fourth richest fictional character


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November 18, 2013, 02:59:49 AM
 #6515

Damn, when will it ever stop?  Cheesy



Maybe - It - can't - be - stopped!  Shocked
oakpacific
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November 18, 2013, 03:57:10 AM
 #6516

Currently, the Bitcoin network consumes about 5M-6M joules per second, which means that each Bitcoin will take about 5.5MW*600s/25=1.28*10^8 J to create, using the mass-energy equation, 1 gram of gold/silver, or any matter can be converted to about 9*10^13 J of energy, but gold/silver ceases to be different from any other matter at elementary particles stage, so the energy ratio could be much smaller, and likely to go to 1 should the Bitcoin price increases another thousand fold. The fiat money en

SHA256 used in mining is like the Horcrux of Bitcoin, should it not be broken(the one used in address hashing can be replaced), Bitcoin remains very real like matter despite being virtual.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
cypherdoc
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November 18, 2013, 10:00:43 AM
 #6517

Gold collapsing. Bitcoin UP.
justusranvier
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November 18, 2013, 10:10:37 AM
 #6518

Added another week's worth of data:

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November 18, 2013, 10:14:49 AM
 #6519

For the first time ever, one ounce of gold buys less than 3 bitcoins.
cypherdoc
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November 18, 2013, 10:15:02 AM
 #6520

http://mobile.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html

Now we know who's been buying : Bernanke!

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