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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2008715 times)
jojo69
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December 03, 2013, 04:41:29 PM
 #7001

fair enough

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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rpietila
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December 03, 2013, 07:54:46 PM
 #7002

If someone would take the effort to call the worldwide silver bluff, he will not take fiat.
Can't you see it's close to "buy all the bitcoins".

No, silly. We are talking about short covering here. Sometimes it does no good but to repeat:

If someone would take the effort to call the worldwide silver bluff, he will not take fiat.
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December 03, 2013, 09:33:09 PM
 #7003

If someone would take the effort to call the worldwide silver bluff, he will not take fiat.
Can't you see it's close to "buy all the bitcoins".

No, silly. We are talking about short covering here. Sometimes it does no good but to repeat:

If someone would take the effort to call the worldwide silver bluff, he will not take fiat.

Well, that's like, just your opinion, man. And it isn't made stronger by repeating it or underlining it.

All I'm saying is that this silver shortage idea is, far from being a radical insight, in fact the internet-based speculating convention that has been preached at least since the days of the kitco forum mentioned above. I believed it myself at one point, but after several years changed my mind and sold. As it has been wrong for the best part of twenty years you should at least consider the possibility that it's still wrong, very possibly going to stay wrong, and causing you at least opportunity cost.

I happen to think this idea was a master stroke by those wishing to keep an essentially dying commodity market going with fresh money. The buying and selling involved has served dealers well, but they do themselves no favours when they break the cardinal rule of dealing and start believing.

However, it is these differences that make a market and I wish you luck.
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December 03, 2013, 09:44:46 PM
 #7004

I forgot that I know what I am talking about, but you don't know that I know. I am too busy to explain anything concerning silver, but dig my old posts if you want to learn.

Smiley

Edit: Smiley added just for the reason to not sound patronizing. It is a fascinating concept how to make the short squeeze but I don't want to talk about it in public nor with people who don't have the btc to buy up all the silver.
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December 04, 2013, 12:28:27 AM
 #7005

I forgot that I know what I am talking about, but you don't know that I know. I am too busy to explain anything concerning silver, but dig my old posts if you want to learn.

Smiley

Edit: Smiley added just for the reason to not sound patronizing. It is a fascinating concept how to make the short squeeze but I don't want to talk about it in public nor with people who don't have the btc to buy up all the silver.

Are you sure you understand the term "short squeeze" ?
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December 04, 2013, 12:29:35 AM
 #7006

I mostly have gold as i dont want fiat.


Here in thailand gold is better than fiat.


Once i can get both hookers and blow for btc ill be set but until then i cant be all in crypto. Only 98 percent or so.
Grin Grin Grin
keystroke
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December 04, 2013, 08:43:34 AM
 #7007

If someone would take the effort to call the worldwide silver bluff, he will not take fiat.
How much silver would have to be purchased to start the short squeeze going? Any good calcs on that?

"The difference between a castle and a prison is only a question of who holds the keys."
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December 04, 2013, 08:47:49 AM
 #7008

If someone would take the effort to call the worldwide silver bluff, he will not take fiat.
How much silver would have to be purchased to start the short squeeze going? Any good calcs on that?

less and less all the time, industry utilizes a goodly amount in processes that render it pretty much unrecoverable

above ground stocks have been dwindling for years as I understand it

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.
keystroke
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December 04, 2013, 10:23:51 AM
 #7009

If someone would take the effort to call the worldwide silver bluff, he will not take fiat.
How much silver would have to be purchased to start the short squeeze going? Any good calcs on that?

less and less all the time, industry utilizes a goodly amount in processes that render it pretty much unrecoverable

above ground stocks have been dwindling for years as I understand it
Cool. So in the range of hundreds of millions of dollars worth, or billions, or ten of billions?

"The difference between a castle and a prison is only a question of who holds the keys."
rpietila
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December 04, 2013, 10:27:27 AM
 #7010

Trolls try to extract the silver short squeeze masterplan from me. I am not about to tell it, so I had to ignore the trolls.

Is there any way to unsubscribe the thread?
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December 04, 2013, 10:30:15 AM
 #7011

excuse me, the system saw the threat of the Hunts unmasking their charade and changed the rules mid battle

Ridiculous to even think that the Hunts were instrumental in anything of substance.
manfred
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December 04, 2013, 10:38:01 AM
 #7012

If someone would take the effort to call the worldwide silver bluff, he will not take fiat.
How much silver would have to be purchased to start the short squeeze going? Any good calcs on that?

less and less all the time, industry utilizes a goodly amount in processes that render it pretty much unrecoverable

above ground stocks have been dwindling for years as I understand it

Silvers modern day usage:

27% Electrical/Electronics
22.2% Jewellery
11.1% Coins/Bullion
7.7% Photography
5.7% Brazing Alloys
5.7% Solar Panels
5.5% Silverware
3.7% Wood Preservatives
3% Catalysts
2.7% Water Purification
2.5% Batteries  (button-cell, new phones)
.9% Mirrors/Reflective glass
.5% Medical Applications
.4% RF Tags (Radio Frequency)
.3% Bearings (Jet engines)
1% Other (nanotechnology, anti-bacterial......)
Grafzep
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December 04, 2013, 11:49:34 AM
 #7013

excuse me, the system saw the threat of the Hunts unmasking their charade and changed the rules mid battle

Ridiculous to even think that the Hunts were instrumental in anything of substance.

Well they did show that having at their disposal sums greater (in adjusted terms) that the entire current bitcoin market cap (satoshi included) couldn't corner the market.

You need to get a reality check into your big fish/small sea perspective. Running a 10 man organisation that does well in the Finnish retail silver market does not make you a player. If I go to my local corner shop and try to buy 5,000 litres of milk, the fact that they can't give it to me there and then doesn't mean there's worldwide shortage of the white stuff.

You can go and buy as many Good Delivery Bars as you want on Comex (despite the internet paranoids). They can keep selling them till long after you and your power brokers run out of money. Sure, they're reluctant to deliver, because its a complete pain in the rectum to move a few thousand ounces to yet another internet "short squeezer" so they would rather you take the money. But they certainly can deliver if you insist and pay the charges. As I said this has been going on a long time and you certainly ain't the first to try.

It's a shame that your good stuff gets drowned in your delusions of grandeur and unhealthy addiction to extrapolation.

But, whatever. I'm out. I've made enough to spend time walking the dog and not have to do this.

cypherdoc
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December 04, 2013, 11:55:48 AM
 #7014

Gold collapsing. Bitcoin UP.

Cover your ears. The Thunderclap.
Dusty
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December 04, 2013, 01:04:59 PM
 #7015

What do you think about that? E real threat (I doubt, I think it's just publicity):

http://intellihub.com/2013/12/03/russian-legislator-u-s-dollar-will-collapse-in-2017/

Articoli bitcoin: Il portico dipinto
niothor
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December 04, 2013, 01:10:50 PM
 #7016

What do you think about that? E real threat (I doubt, I think it's just publicity):

http://intellihub.com/2013/12/03/russian-legislator-u-s-dollar-will-collapse-in-2017/
No even opening the link
Russian Legislator thinks something about the US dollar.

Dusty
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December 04, 2013, 02:45:39 PM
 #7017

If this is true (and it surely seems), this one is really BIG:

Bitcoin now legal currency in Germany!
http://www.youtube.com/watch?v=okNhH7EoV6I

Articoli bitcoin: Il portico dipinto
Dusty
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December 04, 2013, 02:55:00 PM
 #7018

Isn't this old news?
Yes, they tell me.

Sorry, on YT the date was of yesterday and I didn't heard of it at the time.

[ back to lurking ]

Articoli bitcoin: Il portico dipinto
cbeast
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Let's talk governance, lipstick, and pigs.


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December 04, 2013, 03:01:33 PM
 #7019

Gold collapsing. Bitcoin UP.

Cover your ears. The Thunderclap.
http://www.youtube.com/watch?v=K-Op1Mng4oY

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Dusty
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December 04, 2013, 03:44:35 PM
 #7020

I try to amend myself with this: Bitcoin on Japanese national TV

http://cgi2.nhk.or.jp/nw9/pickup/?date=131204_2

I can't understand a word, so I would be interested in knowing the quality of the content, if we have some Japanese user around.

Articoli bitcoin: Il portico dipinto
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