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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1806133 times)
oakpacific
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November 29, 2013, 01:46:12 PM
 #6921

No matter what bitcoin does or becomes congratulations are certainly due to cypherdoc on the call.

+1.

+2

I did not read the whole topic (just bits an pieces). What was his call? Smiley
edit: and when did he posted the call?

The guy sold nearly his entire gold/silver stock (hundreds of ounces of gold or something like that) to get in Bitcoin, in the middle of 2011, you do the math.....

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November 29, 2013, 03:30:35 PM
 #6922

so when to buy back into gold with bitcoin? or has this thread proven to stick with bitcoin?
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November 29, 2013, 03:32:26 PM
 #6923

Gold is outdated. Nice for jewelry but not much else. Time to move on.  Smiley

Bitcoin = Gold on steroids
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November 29, 2013, 03:40:18 PM
 #6924

Please, can someone post that picture of the huge lump of gold again?

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Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
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November 29, 2013, 03:49:08 PM
 #6925



Just search this thread for "looks heavy" Tongue

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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November 29, 2013, 04:00:19 PM
 #6926

be honest, who has recently, or will soon add to their silver or gold collection?


(i did! )      sold a few LTC at $45 to cover it.

I'm tempted to move from a few g of gold to a few oz.  LTC seems like a good place to get those funds if it stays up until I get home from Thanksgiving travels.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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jojo69
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November 29, 2013, 05:25:49 PM
 #6927

be honest, who has recently, or will soon add to their silver or gold collection?

fiat has been a little scarce around here, but yeah, a bit

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.
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November 29, 2013, 05:56:32 PM
 #6928

be honest, who has recently, or will soon add to their silver or gold collection?


(i did! )      sold a few LTC at $45 to cover it.

it pays to diversify, always nice holding some precious metal if you cant hold a bitcoin (except for casascius coins Smiley)
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November 29, 2013, 06:30:18 PM
 #6929

be honest, who has recently, or will soon add to their silver or gold collection?


(i did! )      sold a few LTC at $45 to cover it.


muh, I have put my last spare fiat 2 months ago in 25 oz silver. I was, at that moment, doubting if this was a good idea. I was thinking, maybe I should buy 5 BTC with this money.

I still regret that purchase  Undecided

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November 29, 2013, 06:38:23 PM
 #6930

I am curious whether bitcoin people that are also into PMs now generally prefer gold or silver.  

I know silver tends to be the more volatile version of gold, so if you expect gold to go down, silver could go down harder.

But as a hedge against crypto-failure or just because some people might always want something solid in their hands, silver somehow makes more sense to me in a world in which cryptos are competing for sound money status, because of its lower amount of "moneyness", and greater amount of industrial usage.
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November 29, 2013, 06:43:27 PM
 #6931

I believe silver has enormous upside myself.  I expect to witness the ratio return to the 16:1 area.

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.
rpietila
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November 29, 2013, 07:04:11 PM
 #6932

be honest, who has recently, or will soon add to their silver or gold collection?


(i did! )      sold a few LTC at $45 to cover it.

My purchase of 150kg of silver was in September. Guess it cost me a whole lot BTC's...

In the future, silver is still my favorite over gold, but I don't know where to get enough of it Wink

cypherdoc
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November 29, 2013, 07:37:51 PM
 #6933

thanks for the kudos guys.

i really don't have anything profound to say except that it's been a long, hard journey though there has never been any question in my mind this would happen.  it's great to see Bitcoin coming into its own and i believe we've only just gotten started. the next task is for all the exchanges to get up and over the top of gold and stay there.  we could have some oscillating around the gold price for a while but it's inevitable that Bitcoin moves permanently to new highs and takes the throne of real global money and as the currency of the digital age.

i still feel that there is a small segment of my generation of Boomers that has abrogated its responsibility to leave a world behind us better than the one we've created.  our leaders and financial elite continue to rack up unsustainable amounts of debt and debase our currency for their own benefit and that has always made me angry.  you have to be a parent to understand the lengths one will go to protect one's children.  the good news is that there are plenty of Boomers who feel like me and are going to throw their financial might behind the younger generation of developers and coders who are going to help refine Bitcoin and make it possible for all of us to opt out of the fiat system.  for that is the only way to achieve this as Balaji Srinivasan has so eloquently described.  it's because our voices continue to be ignored.

i'm honoured to be a part of a community filled with such highly motivated and intelligent individuals.  we are all going to change the world of finance forever.
miscreanity
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November 29, 2013, 08:05:58 PM
 #6934

i'm honoured to be a part of a community filled with such highly motivated and intelligent individuals.  we are all going to change the world of finance forever.

FTFY Smiley
Peter R
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November 29, 2013, 08:17:20 PM
 #6935

thanks for the kudos guys.

i really don't have anything profound to say except that it's been a long, hard journey though there has never been any question in my mind this would happen.  it's great to see Bitcoin coming into its own and i believe we've only just gotten started. the next task is for all the exchanges to get up and over the top of gold and stay there.  we could have some oscillating around the gold price for a while but it's inevitable that Bitcoin moves permanently to new highs and takes the throne of real global money and as the currency of the digital age.

i still feel that there is a small segment of my generation of Boomers that has abrogated its responsibility to leave a world behind us better than the one we've created.  our leaders and financial elite continue to rack up unsustainable amounts of debt and debase our currency for their own benefit and that has always made me angry.  you have to be a parent to understand the lengths one will go to protect one's children.  the good news is that there are plenty of Boomers who feel like me and are going to throw their financial might behind the younger generation of developers and coders who are going to help refine Bitcoin and make it possible for all of us to opt out of the fiat system.  for that is the only way to achieve this as Balaji Srinivasan has so eloquently described.  it's because our voices continue to be ignored.

i'm honoured to be a part of a community filled with such highly motivated and intelligent individuals.  we are all going to change the world of finance forever.

Well said, cypherdoc. 

We have an unbelievable opportunity with bitcoin to make positive change in our world and leave behind something better for our children.


Run Bitcoin Unlimited (www.bitcoinunlimited.info)
Dusty
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November 29, 2013, 09:54:23 PM
 #6936

I was mainly a lurker, but it has been a hell of a ride anyway.

So, next question is: when will we have the first billionaire (in $) in this thread? Smiley

Articoli bitcoin: Il portico dipinto
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November 29, 2013, 10:15:15 PM
 #6937

I was mainly a lurker, but it has been a hell of a ride anyway.

So, next question is: when will we have the first billionaire (in $) in this thread? Smiley
Satoshi by current estimates already is one.
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November 30, 2013, 12:24:54 AM
 #6938

miscreanity
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November 30, 2013, 01:01:47 AM
 #6939

Regulatory indecision was the sideshow: war is coming.

At this point, I think Bitcoin can act as its own closed economy... barely. Now we'll get to see which underhanded tactics are brought to bear - I think we've not seen the big guns so far.

Oh, and sure gold has been overshadowed and won't have as high a percentage growth as Bitcoin, but don't count it out yet. One word: transition!
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November 30, 2013, 02:32:48 AM
 #6940

It seems people have forgot about the unique thing about platinum: besides its widely uses in the auto industry, it is the only metal where the U.S. goverment can use to pay off ALL its obligations overnight, by minting a 1oz proof platinum coin with the denomination of 1 quadrillion USD. No other metal has this property.
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