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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1940480 times)
justusranvier
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November 26, 2013, 07:42:18 PM
 #6781

Pretty soon I'm not going to be able to update the gold price in BTC graph, because for some reason Libreoffice does not allow negative values on the axis limits of a log scale chart.
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1501203107
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manfred
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November 26, 2013, 10:00:03 PM
 #6782

I miss the old kitco board. That was good times.


There you go, and i thought the good times are now. New ATH left right centre
wachtwoord
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November 26, 2013, 10:02:24 PM
 #6783

I miss the old kitco board. That was good times.



Would you mind if I asked your age?
Grafzep
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November 26, 2013, 10:20:08 PM
 #6784

I miss the old kitco board. That was good times.



A gulp, a puff and a crunch to ya! Namaste.
tvbcof
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November 26, 2013, 10:25:56 PM
 #6785

I miss the old kitco board. That was good times.

I never spent much time there (if any.)  I used to read the usagold forum pretty regularly until it shut down, but I never really participated.

In other news, I might be interested in trading somewhere in the 100 to 200 large USD's worth of BTC straight across for gold and/or silver sometime in January next year if nothing much changes.  If I do so, it will be in a way which protects my ass 100% and is totally legal.  Anyone who is interested is welcome to ping me to discuss the possibilities.  I'm not interested in a whole lot of smaller deals because this promises to be a hassle.  I'm only interested if the fees that I (and the other party) save make it worthwhile.


Grafzep
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November 26, 2013, 10:26:13 PM
 #6786

I miss the old kitco board. That was good times.


There you go, and i thought the good times are now. New ATH left right centre

This is too easy, a no-brainer. Back in them days we had to fight, goddam kids today ain't got no idea...
jojo69
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November 26, 2013, 11:00:01 PM
 #6787

yeah, the old kitco board was a hoot, anyone remember GotGoldies, oh man, lots of luls

finally a bunch of us tired of it and ran off to a private silver board, had good times there too

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
wachtwoord
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November 26, 2013, 11:00:18 PM
 #6788

I miss the old kitco board. That was good times.



Would you mind if I asked your age?

i'm 30.



im bit of an odd duck i know. i bought my first gold coin and stock at the age of 10.   it was a 1/4th eagle and some k-mart stock. did well at both.  iv not bought stock at all sine age 18 or so, figured out quick that was a pile of fail.





Ah you're not that much older than me as I thought. I was beginning to doubt that when you started talking about a forum someone said was active in the 90s Tongue

Why do you disregard owning any form of equity in all companies in the world? What's wrong with owning a undervalued company with a nice solid FCF yield?

Disclosure: I never owned PMs (not even in jewelry)
randomguy7
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November 26, 2013, 11:16:32 PM
 #6789

Well you can't send them your coins if you failed to do proper backups and lost access to them. Whops  Grin
Grafzep
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November 26, 2013, 11:21:49 PM
 #6790

yeah, the old kitco board was a hoot, anyone remember GotGoldies, oh man, lots of luls

finally a bunch of us tired of it and ran off to a private silver board, had good times there too

So many handles forgotten. I do remember we had a meet in London, people came from all over, Europe, even New Zealand. Folk handing out coins, drinking in the old Bank of England vaults. I think most sold out long before Squillionaire Acres, lots sold after the world didn't end on 1st Jan 2000. Some of the guys that were greybeards then must be past caring...
Melbustus
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November 27, 2013, 01:04:36 AM
 #6791


now that was some eipc stuff....



Care to elaborate...? Smiley

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
oakpacific
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November 27, 2013, 01:06:20 AM
 #6792


i dont trust the govt.


Me neither. Before Bitcoin I had no way of acting on that however and I had no choice. Now I'm pretty well hedged with my Bitcoin holdings.

Then again, pretty soon I'm going to have to report my assets to the IRS. Paying tax isn't nice but okay. The worst part is that they know what I have. What if they pull on me what the US pulled on Gold owners in 1933?

Maybe just cash out a small portion and tell them it's all you have?

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
chrsjrcj
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November 27, 2013, 01:33:14 AM
 #6793


bought shares at .1 btc each, they went to over 5.

hell of a run.

As if you didn't have enough BTC.  Cheesy
Melbustus
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November 27, 2013, 01:51:17 AM
 #6794


bought shares at .1 btc each, they went to over 5.

hell of a run.


Ah, yeah. I've held on to my few shares throughout the ramp and now crash. I thought you may have been referring to some operational epicness that you'd be privvy to as a board member.

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
CMMPro
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November 27, 2013, 02:18:51 AM
 #6795


i dont trust the govt.


Me neither. Before Bitcoin I had no way of acting on that however and I had no choice. Now I'm pretty well hedged with my Bitcoin holdings.

Then again, pretty soon I'm going to have to report my assets to the IRS. Paying tax isn't nice but okay. The worst part is that they know what I have. What if they pull on me what the US pulled on Gold owners in 1933?

Maybe just cash out a small portion and tell them it's all you have?

Such a disaster losing all my bitcoin in that boating accident...oh wait, that's not going to work this time.
jojo69
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November 27, 2013, 02:21:30 AM
 #6796

dog ate the paper wallet?

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
CMMPro
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November 27, 2013, 02:26:12 AM
 #6797

dog ate the paper wallet?

Awesome....thanks. This I can work with.
BitcoinAshley
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November 27, 2013, 05:06:49 AM
 #6798

We reached LTC:Silver ozt parity before BTC:gold.

LTC trading for $21.38 on BTC-e and silver $19.97.

Embarrasing for BTC!
Melbustus
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November 27, 2013, 05:30:52 AM
 #6799

We reached LTC:Silver ozt parity before BTC:gold.

LTC trading for $21.38 on BTC-e and silver $19.97.

Embarrasing for BTC!


Are you bloody kidding me? Ugh. Be careful what you wish for, people.

More than one very successful (from a market-cap perspective) crypto will ultimately devalue them all, if there are no material technical distinctions.

I get in twitter fights with gold-bugs and their ilk all the time, and the best leg they have to stand on (and my only lingering long-term hesitation about bitcoin, for that matter) is the alt-coin argument. I have to lean on "network effects" and "first-mover advantage" arguments to defend bitcoin's market-cap and longevity in this light, and strong non-distinct alts will break that argument.

That said, bitcoin has risen almost 10x recently, and litecoin is catching up to keep its old multiple (~1/40), so that's fine, but much more, and we start to have empirical issues that invalidate important theory.

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
KFR
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November 27, 2013, 05:35:03 AM
 #6800

There are "material technical distinctions" between LTC and BTC.

They're trying to buy all the coins. 
We must not let them.
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