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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804533 times)
rpietila
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November 30, 2013, 10:16:36 PM
 #6961

I also realized that Silvervault's net capital is now 90% BTC, 10% circulated silver.
All the other previously silver companies of mine, same thing.

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miscreanity
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December 01, 2013, 01:20:56 AM
 #6962

The authoritative opposition to Bitcoin will likely be along the lines of this:

e-Gold Founder Launches New Gold Backed Currency

A  transitionary solution at best.
justusranvier
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December 01, 2013, 01:25:44 AM
 #6963

The authoritative opposition to Bitcoin will likely be along the lines of this:

e-Gold Founder Launches New Gold Backed Currency

A  transitionary solution at best.
All the downsides associated with electronic money combined with the counterparty risk of traditional banking in a single package.

Truly a visionary product.
Spaceman_Spiff
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December 01, 2013, 01:55:03 AM
 #6964

The authoritative opposition to Bitcoin will likely be along the lines of this:

e-Gold Founder Launches New Gold Backed Currency

A  transitionary solution at best.
All the downsides associated with electronic money combined with the counterparty risk of traditional banking in a single package.

Truly a visionary product.
Grin
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December 01, 2013, 01:56:38 AM
 #6965

The authoritative opposition to Bitcoin will likely be along the lines of this:

e-Gold Founder Launches New Gold Backed Currency

A  transitionary solution at best.

There was no details.

Why not just produce gold coins named something grams, grains or oz? And notes fully backed by those coins, also denoted in weight. We don't need this almost-unlike-dollar-gold-money nonsense.

Edit: Almost, but not completely, unlike dollars.
Adrian-x
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December 01, 2013, 04:14:49 AM
 #6966

I also realized that Silvervault's net capital is now 90% BTC, 10% circulated silver.
All the other previously silver companies of mine, same thing.

Congratulations, I'm hoping your Bitcoin have grown in value.
My Bitcoin portion has radically distorted previous allocation ratios.
and despite the volatility it feels more secure.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
vokain
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V.V.V.V.V.


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December 01, 2013, 04:52:22 AM
 #6967

I also realized that Silvervault's net capital is now 90% BTC, 10% circulated silver.
All the other previously silver companies of mine, same thing.

Congratulations, I'm hoping your Bitcoin have grown in value.
My Bitcoin portion has radically distorted previous allocation ratios.
and despite the volatility it feels more secure.

that's because the volatility is kind of biased towards one side
the up side Smiley

...مكتوب
Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
cypherdoc
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December 02, 2013, 02:52:27 PM
 #6968

hey Chaang,

you're gonna be rich!

cypherdoc
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December 02, 2013, 03:11:13 PM
 #6969

Gold collapsing.  Bitcoin UP.
cypherdoc
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December 02, 2013, 04:28:39 PM
 #6970

miscreanity, iz it tim yut?



notme
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December 02, 2013, 04:31:29 PM
 #6971

So what happens if we break below $1200?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
ElectricMucus
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December 02, 2013, 04:49:53 PM
 #6972

So what happens if we break below $1200?

capitulation then bounce.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
jojo69
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December 02, 2013, 04:52:16 PM
 #6973

All the downsides associated with electronic money combined with the counterparty risk of traditional banking in a single package.

Truly a visionary product.

THIS is why I frequent this thread

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.
molecular
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December 02, 2013, 04:53:28 PM
 #6974

Where do you people from EU buy physical silver. We have 22% tax, so I buy it in Germany - 7% tax. But after new year, tax will go up in Germany too.

Where will be best place to buy physical silver next year in EU?

Pro-tip: ASK rpietila

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
User705
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December 02, 2013, 05:12:24 PM
 #6975

Where do you people from EU buy physical silver. We have 22% tax, so I buy it in Germany - 7% tax. But after new year, tax will go up in Germany too.

Where will be best place to buy physical silver next year in EU?

Pro-tip: ASK rpietila
Sorry for OT but don't you still have to pay the tax?  In USA the state sales tax if not paid by customer when he buys out of state is then supposed to be self paid by filing some form.  I would assume it's the same in this situation isn't it?
bitcodo
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December 02, 2013, 05:47:22 PM
 #6976

Where do you people from EU buy physical silver. We have 22% tax, so I buy it in Germany - 7% tax. But after new year, tax will go up in Germany too.

Where will be best place to buy physical silver next year in EU?

Pro-tip: ASK rpietila
Sorry for OT but don't you still have to pay the tax?  In USA the state sales tax if not paid by customer when he buys out of state is then supposed to be self paid by filing some form.  I would assume it's the same in this situation isn't it?


Estonia. They are the only country in the EU without VAT on silver. I think forum member rpietila can confirm this.

Estonia is without VAT, but price is not so much lower.

I use http://www.bullion-investor.com/silver/philharmoniker to check price.

You pay VAT where you buy. But when seller sells too much (exceeds some quota), he must pay extra VAT. So best known silver sellers from Germany don't send to my country any more (they did earlier this year, before they sold too much).

Ivanhoe
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December 02, 2013, 09:49:57 PM
 #6977

What do you guys think? Are we near the bottom yet, feels like it.
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December 02, 2013, 09:52:29 PM
 #6978

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

wachtwoord
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December 02, 2013, 10:11:29 PM
 #6979

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)

Vycid
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December 02, 2013, 10:20:57 PM
 #6980

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.

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