Gold collapsing. Bitcoin UP.

[notme]

879 yuan to go until gold parity

[1714248093]

1714248093

[dominicwin]

I am legitimately at a loss for words. I have been buying bitcoin everyday, as fast as I can. Wish I could get it faster!

[oakpacific]

I hate you guys, I haven't even seriously started working yet, an you are telling me I am supposed to retire?

[miscreanity]

Yes the senate hearing is so good it's almost suspicious.

This. I'm finding myself to be... noticably uncomfortable.

Waiting to see what happens on the 19th, and will wait the six weeks until next year to allow the impact of these events to run their course.

[Melbustus]

Yes the senate hearing is so good it's almost suspicious.

This. I'm finding myself to be... noticably uncomfortable.

Waiting to see what happens on the 19th, and will wait the six weeks until next year to allow the impact of these events to run their course.

Yeah, tomorrow's hearing will be interesting as well. Today's (18th) was positive, but nothing surprising really, except perhaps the fact that all three agencies said they don't need any new legislation to help them meet their existing mandates.

[User705]

I guess this the boiling frog analogy.  It's so minor they figure no harm no foul, let the people play a little with Internet money.

[Zangelbert Bingledack]

I guess this the boiling frog analogy.  It's so minor they figure no harm no foul, let the people play a little with Internet money.

Bitcoin: Eating out the substance of the money trust since 2009.

[justusranvier]

[Zangelbert Bingledack]

Just one more blip to go.

[molecular]

Yes the senate hearing is so good it's almost suspicious.

Yes. Wtf are they planning?

[N12]

Nothing, Bitcoin is the NWO currency.

[rpietila]

Nothing, Bitcoin is the NWO currency.

Not sure if serious.

[vokain]

Nothing, Bitcoin is the NWO currency.

Not sure if serious.

We are the new world order

distributed wikigovs

[Zangelbert Bingledack]

Nothing, Bitcoin is the NWO currency.

Not sure if serious.

We are the new world order

Right, this is the new world order. Spontaneous, decentralized, emergent order.

[Zangelbert Bingledack]

Business Insider: Is the Anti-Fiat Money Crowd Shifting its Bets from Gold to Bitcoin?

Good idea. Jim Rogers has never been wrong in any of his gold calls that I've heard, and he was bullish up until the peak and then warned of a possible multi-year correction and then a "complicated bottom" down to $1000-ish. It looks like that's how it'll play out.

Disclosure: I own gold and silver.

[AndrewWilliams]

Nothing, Bitcoin is the NWO currency.

NWO is not a good thing I don't think.


It means more Obama like control of the world and big brother watching / controlling everything even more then they are today.

If Bitcoin is the NWO currency, prepare for the establishment to take it over 

Redlisting or blacklisting coins sounds like one way for them to achieve that.

[N12]

Doesn't matter as long as it makes you wealthy.

[Zangelbert Bingledack]

Impossible for them to take it over. It's like trying to wrestle with water. Bitcoin is a community of decentralized nodes. It can outmaneuver whatever any centralized force tries to throw at it. But I like the whitelisting idea because it makes the establishment let their guard down as the inevitable happens under their noses. It will place a temporary roadblock in Bitcoin's path while allowing it to seep through and assimilate the entire road.

[Zangelbert Bingledack]

Bitcoin on front page of goldbug stronghold goldseek.com:



The article

The Fed's $85 billion in monthly bond purchases are inflationary and remain very gold bullish but gold remains very weak despite this ongoing currency debasement.

This money printing and currency debasement and still elevated systemic risk has led to bitcoin surging to new record highs overnight as buyers take shelter in the new virtual currency. Yet, at the same time gold prices remain weak. This is giving further credence to allegations of price suppression.

The virtual currency rose to a high of $900.98 on the Mt. Gox exchange Monday afternoon. It surged 42% from Sunday's close and is up 107% from a week earlier.

...

U.S. law enforcement and regulatory agents expressed optimism and acknowledged risks for digital currencies. U.S. officials outlined the potential benefits and liabilities of bitcoin.

Federal Reserve Chairman Ben Bernanke said in a letter in absentia to the Senate panel that virtual currencies "may hold long-term promise, particularly if the innovations promote a faster, more secure, and more efficient payment system."

Bitcoin’s latest gains came despite the potential for regulation of the digital currency. The U.S. Senate Committee on Homeland Security and Governmental Affairs (HSGAC) began a hearing yesterday. The event brought representatives from different federal agencies and representatives from the bitcoin community to discuss virtual currencies.

Bitcoin has increased more than tenfold since the beginning of 2013. One of the reasons for the incredible surge is that bitcoin is a freely traded market and not subject to rigging or price manipulation by banks or government. Total market capitalization of bitcoins is in excess of $8 billion based on recent prices, according to Bitcoincharts.com.

The bitcoin frenzy today will be mirrored by a gold buying frenzy which will again see gold prices surge in value in the coming months. This will only happen when prices are again dictated by physical supply and demand.

Bitcoin is an interesting speculative punt and may merit a small allocation in a portfolio however its virtual and digital nature create advantages and also risks.

Physical gold, either in your possession or in allocated accounts, remains a far safer alternative both to bitcoin, to digital gold platforms and to paper and electronic currencies in what is still a vulnerable banking system.

Bolded parts show a developing sentiment that gold is suppressed and manipulated, but Bitcoin is a truly free market. It's being used as proof that gold will rally once the manipulation ends

I believe that last paragraph was just inserted to maintain the ostensible gold bull trappings to make it suitable for being posted on the site. I think "Goldcore" has some BTC.

[cypherdoc]

Impossible for them to take it over. It's like trying to wrestle with water. Bitcoin is a community of decentralized nodes. It can outmaneuver whatever any centralized force tries to throw at it. But I like the whitelisting idea because it makes the establishment let their guard down as the inevitable happens under their noses. It will place a temporary roadblock in Bitcoin's path while allowing it to seep through and assimilate the entire road.

interesting thought ZB.  not sure i agree but then i see the deviousness.

after yesterdays hearings, i think i almost sympathize with the gov'ts predicament.  they know they can't stop it.  i also thought the 3 reps were reasonable people.  especially Shassky and i think she's the key player.  note that she's on today's agenda as well.

this whole thing is about big vs small in the larger picture or minority vs. majority.  power is shifting to the small individual, small business (ie majority), now that we have our own currency.  if the large corporate players like the Amazons, Walmarts, etc feel they have a need for whitelisting maybe that's not such a bad idea to allow them to get thru the window of the transitional phase w/o the whole economy imploding.  no one, esp. me wants anarchy or an implosion of the economy.  i do want the banking and financial system to be forced to make the difficult transition to a currency like Bitcoin but we can't expect them to make it overnight.  

small players can choose to ignore the whitelists if they want.  what would really help is if the gov't made that legal.  perhaps below some sort of threshold.