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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2009005 times)
Ivanhoe
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December 02, 2013, 09:49:57 PM
 #6961

What do you guys think? Are we near the bottom yet, feels like it.
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wachtwoord
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December 02, 2013, 09:52:29 PM
 #6962

What do you guys think? Are we near the bottom yet, feels like it.

Measured in what? In monopoly money? Perhaps. In Bitcoin? No way Tongue

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December 02, 2013, 10:11:29 PM
 #6963

hey Chaang,

you're gonna be rich!



Fixed that for you. I have money wealth than I could spend in 500 years. And because of that I'm going to spend at least 1% on silver and gold.  Grin Grin

I bet you wont like this but I bet someone is still using silver and gold as money after BTC dies (even if it takes 1000 years).

How did you acquire all that wealth? (Besides crypto)

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December 02, 2013, 10:20:57 PM
 #6964

hey Chaang,

you're gonna be rich!



Fixed that for you. I have money wealth than I could spend in 500 years. And because of that I'm going to spend at least 1% on silver and gold.  Grin Grin

I bet you wont like this but I bet someone is still using silver and gold as money after BTC dies (even if it takes 1000 years).

How did you acquire all that wealth? (Besides crypto)

i went all in gold and silver on leverage around 300 and 7.    also made a bit with oil going to the moon.      to get my start money i sold a tech company to amazon in early 2002.



i did sell almost all of my gold and silver to get into crypto and im just now replacing some of it with a few percent of my crypto. i do not feel bad at all for doing this.

WOW. That is a face-melting series of calls. Congratulations.

You shouldn't feel bad for securing wealth and re-establishing some semblance of a portfolio balance. Any rational investor should do that.

But if you do feel that you have more money than you could spend in ten lifetimes, I would encourage you to consider how you can support the growth of the Bitcoin ecosystem with that capital. That is in all of our best interests.

wachtwoord
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December 02, 2013, 10:24:10 PM
 #6965

hey Chaang,

you're gonna be rich!



Fixed that for you. I have money wealth than I could spend in 500 years. And because of that I'm going to spend at least 1% on silver and gold.  Grin Grin

I bet you wont like this but I bet someone is still using silver and gold as money after BTC dies (even if it takes 1000 years).

How did you acquire all that wealth? (Besides crypto)

i went all in gold and silver on leverage around 300 and 7.    also made a bit with oil going to the moon.      to get my start money i sold a tech company to amazon in early 2002.



i did sell almost all of my gold and silver to get into crypto and im just now replacing some of it with a few percent of my crypto. i do not feel bad at all for doing this.

Wow, you did it with style too (although one can hardly recommend using leverage Wink).

You sir deserve to be fucking rich Smiley

wachtwoord
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December 02, 2013, 11:00:23 PM
 #6966

How do you accidentally start a company?

wachtwoord
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December 02, 2013, 11:13:22 PM
 #6967

How do you accidentally start a company?

i wanted beer money. the goal was to get a bit of extra cash while i went to school. it just got so big so fast i had to leave school.

Hahaha, you are officially one of my new hero's. In Holland we call that having a golden cock when everything you try always goes your way. I thought mine was pretty shiny but your seems to be solid 24-karat Wink

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December 02, 2013, 11:22:58 PM
 #6968

hey Chaang,

you're gonna be rich!



Fixed that for you. I have money wealth than I could spend in 500 years. And because of that I'm going to spend at least 1% on silver and gold.  Grin Grin

I bet you wont like this but I bet someone is still using silver and gold as money after BTC dies (even if it takes 1000 years).

How did you acquire all that wealth? (Besides crypto)

i went all in gold and silver on leverage around 300 and 7.    also made a bit with oil going to the moon.      to get my start money i sold a tech company to amazon in early 2002.



i did sell almost all of my gold and silver to get into crypto and im just now replacing some of it with a few percent of my crypto. i do not feel bad at all for doing this.

Weren't you also an early ASICMINER investor?
BitcoinAshley
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December 03, 2013, 02:01:56 AM
 #6969

Hmm, looks like we're having a shameless Goatfest in here?  Cool

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December 03, 2013, 02:24:26 AM
 #6970

Hmm, looks like we're having a shameless Goatfest in here?  Cool

Meh, I would rather admire Cypher and Goat for their calls than figure out what's new in Justin Bieber's life  Smiley.
They might actually have some useful insight into the world to offer.
oakpacific
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December 03, 2013, 02:39:09 AM
 #6971

hey Chaang,

you're gonna be rich!



Fixed that for you. I have money wealth than I could spend in 500 years. And because of that I'm going to spend at least 1% on silver and gold.  Grin Grin

I bet you wont like this but I bet someone is still using silver and gold as money after BTC dies (even if it takes 1000 years).

How did you acquire all that wealth? (Besides crypto)

i went all in gold and silver on leverage around 300 and 7.    also made a bit with oil going to the moon.      to get my start money i sold a tech company to amazon in early 2002.



i did sell almost all of my gold and silver to get into crypto and im just now replacing some of it with a few percent of my crypto. i do not feel bad at all for doing this.

Wow, you did it with style too (although one can hardly recommend using leverage Wink).

You sir deserve to be fucking rich Smiley

It wasn't just his knack to make good calls, you also have to have a particular kind of personality-the risk seeking one. You could have seen the cryptocoin thing coming, but are you going to cash out all your PM investments, which was going so well, to get all in into it, even if the chance of cryptos get to 0 is only 20%? For me the answer was definitely a "No", and I doubt many would have said the same. People like me would only invest what they could afford to lose without kicking themselves, so we should be reasonable about our investment expectations, (though more than 10000% return in fiat terms is not reasonable anywhere out of the crypto circle Wink)

Also, I think what's equally important, perhaps more important is the experience, that we were here, at the start, together pushing this crypto thing into what it is today, and what it will be tomorrow, such a experience is priceless, along with many tales that will be told to our children and grandchildren.


https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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December 03, 2013, 02:45:20 AM
 #6972

It wasn't just his knack to make good calls, you also have to have a particular kind of personality-the risk seeking one. You could have seen the cryptocoin thing coming, but are you going to cash out all your PM investments, which was going so well, to get all in into it, even if the chance of cryptos get to 0 is only 20%? For me the answer was definitely a "No", and I doubt many would have said the same. People like me would only invest what they could afford to lose without kicking themselves, so we should be reasonable about our investment expectations, (though more than 10000% return is not reasonable anywhere out of the crypto circle Wink)
Yeah, you have to be confident AND right.  Most people are either either much more conservative, or very impulsive people that throw money at things they hardly understand.  
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December 03, 2013, 04:05:51 AM
 #6973

i will admit im a risk taker and i have made some good calls.

people thought it was crazy when i left school the first time. but it was great, made some money and then later went back. and while i was at school did the gold and oil thing. then i suspect gold and silver were going to correct and as luck would have it, crypto was right here.

i still think we might lose 35% more in gold and silver but i dont care, holding some silver and land is just smart. im now thinking about generations after me more than myself. crazy thing to do at 30 and yeah its been an odd life.

iv had so much good luck (golden cock thing) that i just sort of expect the worst. hitting heads so many times in a row will make a guy start to wonder about things. lol



about that gold thing, everyone thought i was nuts but i knew i was right. i even called the housing collapse, got my parents to sell just in time and got them into gold...

honestly i for a while thought i might have been insane as the gold thing just look so clear as day to me that i could not understand why others did not see the same thing, even after i showed them my logic. took me a few years of wondering if i was insane or not but now i think im pretty sane but still. i cant be the only one lol Smiley

is that right?

i don't recall even seeing you in this thread until the last year or so.  and you certainly were no where to be seen the latter half of 2011 when i was engaging in hand to hand combat with the gold bugs after my first gold thread started in 8/2011.

all i see is someone continually buying silver dips only to be handed a bloody knife.
oakpacific
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December 03, 2013, 04:36:00 AM
 #6974

i will admit im a risk taker and i have made some good calls.

people thought it was crazy when i left school the first time. but it was great, made some money and then later went back. and while i was at school did the gold and oil thing. then i suspect gold and silver were going to correct and as luck would have it, crypto was right here.

i still think we might lose 35% more in gold and silver but i dont care, holding some silver and land is just smart. im now thinking about generations after me more than myself. crazy thing to do at 30 and yeah its been an odd life.

iv had so much good luck (golden cock thing) that i just sort of expect the worst. hitting heads so many times in a row will make a guy start to wonder about things. lol



about that gold thing, everyone thought i was nuts but i knew i was right. i even called the housing collapse, got my parents to sell just in time and got them into gold...

honestly i for a while thought i might have been insane as the gold thing just look so clear as day to me that i could not understand why others did not see the same thing, even after i showed them my logic. took me a few years of wondering if i was insane or not but now i think im pretty sane but still. i cant be the only one lol Smiley

is that right?

i don't recall even seeing you in this thread until the last year or so.  and you certainly were no where to be seen the latter half of 2011 when i was engaging in hand to hand combat with the gold bugs after my first gold thread started in 8/2011.

all i see is someone continually buying silver dips only to be handed a bloody knife.

He was around, just not so much into the speculation board I guess.

He was infamously a GLBSE passthrough, who along with his customers lost something like 10,000 BTCs to pirateat40, so I would not be too surprised if he has still kept quite a few to himself.

Also this is BTC speculation board, his LTC investment otoh could be considered wildly successful, and pretty much everyone knows he get involved with ASICMINER from very early on.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
cypherdoc
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December 03, 2013, 04:46:17 AM
 #6975

i dont know when i first posted in this thread and keep in mind my first account was in 2010. this is my trolling account.


also i thought gold was going to go down when you were posting in here i sold most of my physical at $33, paper was a lot lower.

i told you i bought some back in at $19 and was not sure if it would hold. I then just recently bought more at about $20 and still dont know if $18 will hold, but really i don't care.

i don't hold 1% of my wealth in gold/silver and i have more gold and silver now than i ever did before.


i think i will sooner or later try to get it up to 5% but its going to take a while, i cant buy that much that fast with out all sorts of questions from irs and what not.


when i asked about the 100 kg bar for btc, that was not exactly a joke. like i said, i bet gold and silver will out last btc and ltc as money. its just smart to take some profits.




i recall you saying you bought some silver @ 22, no?

why would irs care about how much you buy now?  all they care about is knowing when you sell to tax profits.
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December 03, 2013, 04:54:13 AM
 #6976

...
all i see is someone continually buying silver dips only to be handed a bloody knife.

That was the strategy I used to acquire every BTC I own.  Worked for me.


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December 03, 2013, 05:06:04 AM
 #6977

i dont know when i first posted in this thread and keep in mind my first account was in 2010. this is my trolling account.


also i thought gold was going to go down when you were posting in here i sold most of my physical at $33, paper was a lot lower.

i told you i bought some back in at $19 and was not sure if it would hold. I then just recently bought more at about $20 and still dont know if $18 will hold, but really i don't care.

i don't hold 1% of my wealth in gold/silver and i have more gold and silver now than i ever did before.


i think i will sooner or later try to get it up to 5% but its going to take a while, i cant buy that much that fast with out all sorts of questions from irs and what not.


when i asked about the 100 kg bar for btc, that was not exactly a joke. like i said, i bet gold and silver will out last btc and ltc as money. its just smart to take some profits.




i recall you saying you bought some silver @ 22, no?

why would irs care about how much you buy now?  all they care about is knowing when you sell to tax profits.

yeah i did get some silver at $22 but that was from family. that was only like $80,000. i bought some gold at whatever it was then too, a bit higher than i really wanted but with family i dont really care esp if it is not much.

all i'm saying is you make it sound as if you were right here by my side fighting gold bugs during their whole ride down when in fact you weren't and you were no where to be found.

as the #3 poster on these forums and the moderator of this thread i'm pretty aware of who has what viewpoints.
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December 03, 2013, 05:36:36 AM
 #6978

...
when i asked about the 100 kg bar for btc, that was not exactly a joke. like i said, i bet gold and silver will out last btc and ltc as money. its just smart to take some profits.
What's this heresy?   Smiley  You trying to drive the rate down?
oakpacific
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December 03, 2013, 05:54:16 AM
 #6979

...
when i asked about the 100 kg bar for btc, that was not exactly a joke. like i said, i bet gold and silver will out last btc and ltc as money. its just smart to take some profits.
What's this heresy?   Smiley  You trying to drive the rate down?

gold has been around for 4000 years, i bet it will be around 4000 more Smiley



that being said im 95% of wealth in crypto

Until the day when we can create matters out of vacuum from the waste energy generated by miners. Wink

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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December 03, 2013, 06:35:35 AM
 #6980

...
all i see is someone continually buying silver dips only to be handed a bloody knife.

That was the strategy I used to acquire every BTC I own.  Worked for me.

If a large fraction of BTC users will start to corner physical silver like they now corner altcoins, there will be a real short squeeze. The investment silver net flow is like +100Moz/year and cannot be increased by increasing the price. It is about the same as BTC net increase (mining) this year.

Wohoo! BTC is as big as silver. But the squeeze in silver is coming, my mentors have explained that.
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