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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2010637 times)
jojo69
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December 04, 2013, 04:23:39 PM
 #7021

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.

Then why was the COMEX compelled to adopt "silver rule 7"?  Please do not abandon the thread, your input is highly valued, at least by me, it is just a debate.

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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December 04, 2013, 11:51:01 PM
 #7022

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.

Just some example use and general sentiment.

Anyway look at how they pronounce "bitcoin" and the name of the creator (which is weird, because in most Asian language you read the last name first, a.k.a. Nakamoto Satoshi)
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December 05, 2013, 12:20:25 AM
 #7023

Anyway look at how they pronounce "bitcoin" and the name of the creator (which is weird, because in most Asian language you read the last name first, a.k.a. Nakamoto Satoshi)

I bet it was some random guy who's motorcycle had a bad rod bearing.  I tried for a minute to think up something for 'Satoshi'.  Best I can do is he 'sat' on it and thought 'o shit'.  Lame, I know.


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December 05, 2013, 01:48:47 AM
 #7024

LOL, look at the sync movement of Bitcoin/Gold prices, I am speechless.

I wasn't really convinced of cypher's theory until I saw this.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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December 05, 2013, 01:50:41 AM
 #7025

LOL, look at the sync movement of Bitcoin/Gold prices, I am speechless.

I wasn't really convinced of cypher's theory until I saw this.

we're getting awfully close to catching gold permanently.

seems like just yesterday when we passed silver.  i said we'd get a Slingshot Effect.  and here we are...

Stop and think for a moment.

I know it seems so long ago but we just blew by silver with nary a heartbeat.

We are now experiencing the Slingshot Effect.  Do you really think silver will still go parabolic?

The Bitcoin:Silver Slingshot Effect:


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December 05, 2013, 02:27:07 AM
 #7026

LOL, look at the sync movement of Bitcoin/Gold prices, I am speechless.

I wasn't really convinced of cypher's theory until I saw this.

we're getting awfully close to catching gold permanently.

seems like just yesterday when we passed silver.  i said we'd get a Slingshot Effect.  and here we are...

Stop and think for a moment.

I know it seems so long ago but we just blew by silver with nary a heartbeat.

We are now experiencing the Slingshot Effect.  Do you really think silver will still go parabolic?

The Bitcoin:Silver Slingshot Effect:



Spot on +1 Cypher.

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December 05, 2013, 02:29:25 AM
 #7027

I just wonder how big the sliver is of the population that gets it like cypher does.

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December 05, 2013, 03:56:10 AM
 #7028

only $2 away.
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December 05, 2013, 04:08:12 AM
 #7029

Bingo
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December 05, 2013, 04:16:42 AM
 #7030

 Cool

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BitcoinAshley
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December 05, 2013, 04:21:20 AM
 #7031

Tylers LOVE bitcoin! Or at least one of the Tylers do. Lately it seems every other article on ZeroHedge mentions bitcoin or is specifically about bitcoin. The goldbugs are having a fit over there! It is amusing to watch.

I wonder how many more times BTC and gold will cross before BTC resumes its course upwards and gold resumes the plunge...
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December 05, 2013, 04:35:40 AM
 #7032

...
seems like just yesterday when we passed silver.
...


Indeed, it does. I remember when we passed silver, thinking something like: "Well, that was fun. Next stop gold, but it'll be a few years.". Heh.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
Cryptoasset rankings and metrics for investors: http://onchainfx.com
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December 05, 2013, 04:39:14 AM
 #7033

...
seems like just yesterday when we passed silver.
...


Indeed, it does. I remember when we passed silver, thinking something like: "Well, that was fun. Next stop gold, but it'll be a few years.". Heh.
Yup, I wouldn't for the life of me have thought that we would catch up to gold this year already.
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December 05, 2013, 05:20:29 AM
 #7034

...
seems like just yesterday when we passed silver.
...


Indeed, it does. I remember when we passed silver, thinking something like: "Well, that was fun. Next stop gold, but it'll be a few years.". Heh.
Yup, I wouldn't for the life of me have thought that we would catch up to gold this year already.

i didn't think so either back then.

but i started to get an inkling that we might back in the summer when the HR kept escalating, escalating, and then going parabolic while the price just stagnated in the last 6 mo consolidation.  i mine b/c i like to hang out in the Custom Hardware forum to get a feeling about how miners think and what they are doing.  most of them never venture over here to Speculation and vice versa.  they have their own community and compulsive way of thinking that help educate my speculation/investment mindset.  during the summer, we miners were undergoing our own form of breathtaking action in the HR while all the speculation guys were over here wringing their hands about a plunge back to 2.  i kept saying in my newsletter we were going to get a "snap UP" to catch the price back up to the HR.  guys like Frozenlock kept arguing with me saying that price always leads HR.  i even caught evoorhees making a case that mining was irrelevant to the price over on Reddit.  not in this case.  you could easily see that millions of fiat dollars were being poured into the new gold rush of Bitcoin mining by old and new miners alike somehow thinking they could easily get in on the groundfloor of the new asic mining machines.  there was a mentality going around that somehow mining would be more lucrative than outright BTC buying, especially after the price had gone to the "bubble high" of 266.  the different buckets of the Bitcoin economy were being filled by raining fiat in an asymmetric pattern with the mining bucket first overflowing.  i knew we were going to get that snap UP especially after we double bottomed at 65.  i said it more than once in my letter.  i could see the frustration and disgust creeping into the miners from the rising difficulty and you could start to pick out more and more comments about giving up mining and going to buy BTC directly around Aug/Sept.  and sure enough, we got that snap UP.  but i didn't think we'd come this far this fast. 

that is, until it became clear to me that we are in a logarithmic progression.
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December 05, 2013, 05:22:45 AM
 #7035

i didn't think so either back then.

but i started to get an inkling that we might back in the summer when the HR kept escalating, escalating, and then going parabolic while the price just stagnated in the last 6 mo consolidation.  i mine b/c i like to hang out in the Custom Hardware forum to get a feeling about how miners think and what they are doing.  most of them never venture over here to Speculation and vice versa.  they have their own community and compulsive way of thinking that help educate my speculation/investment mindset.  during the summer, we miners were undergoing our own form of breathtaking action in the HR while all the speculation guys were over here wringing their hands about a plunge back to 2.  i kept saying in my newsletter we were going to get a "snap UP" to catch the price back up to the HR.  guys like Frozenlock kept arguing with me saying that price always leads HR.  i even caught evoorhees making a case that mining was irrelevant to the price over on Reddit.  not in this case.  you could easily see that millions of fiat dollars were being poured into the new gold rush of Bitcoin mining by old and new miners alike somehow thinking they could easily get in on the groundfloor of the new asic mining machines.  there was a mentality going around that somehow mining would be more lucrative than outright BTC buying, especially after the price had gone to the "bubble high" of 266.  the different buckets of the Bitcoin economy were being filled by raining fiat in an asymmetric pattern with the mining bucket first overflowing.  i knew we were going to get that snap UP especially after we double bottomed at 65.  i said it more than once in my letter.  i could see the frustration and disgust creeping into the miners from the rising difficulty and you could start to pick out more and more comments about giving up mining and going to buy BTC directly around Aug/Sept.  and sure enough, we got that snap UP.  but i didn't think we'd come this far this fast.  

that is, until it became clear to me that we are in a logarithmic progression.
HR=?
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December 05, 2013, 05:23:22 AM
 #7036

i didn't think so either back then.

but i started to get an inkling that we might back in the summer when the HR kept escalating, escalating, and then going parabolic while the price just stagnated in the last 6 mo consolidation.  i mine b/c i like to hang out in the Custom Hardware forum to get a feeling about how miners think and what they are doing.  most of them never venture over here to Speculation and vice versa.  they have their own community and compulsive way of thinking that help educate my speculation/investment mindset.  during the summer, we miners were undergoing our own form of breathtaking action in the HR while all the speculation guys were over here wringing their hands about a plunge back to 2.  i kept saying in my newsletter we were going to get a "snap UP" to catch the price back up to the HR.  guys like Frozenlock kept arguing with me saying that price always leads HR.  i even caught evoorhees making a case that mining was irrelevant to the price over on Reddit.  not in this case.  you could easily see that millions of fiat dollars were being poured into the new gold rush of Bitcoin mining by old and new miners alike somehow thinking they could easily get in on the groundfloor of the new asic mining machines.  there was a mentality going around that somehow mining would be more lucrative than outright BTC buying, especially after the price had gone to the "bubble high" of 266.  the different buckets of the Bitcoin economy were being filled by raining fiat in an asymmetric pattern with the mining bucket first overflowing.  i knew we were going to get that snap UP especially after we double bottomed at 65.  i said it more than once in my letter.  i could see the frustration and disgust creeping into the miners from the rising difficulty and you could start to pick out more and more comments about giving up mining and going to buy BTC directly around Aug/Sept.  and sure enough, we got that snap UP.  but i didn't think we'd come this far this fast. 

that is, until it became clear to me that we are in a logarithmic progression.
HR=?

hashrate
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December 05, 2013, 05:25:36 AM
 #7037

Ok, I guess I just proved your point that speculation guys don't hang out in the miner forum a lot  Smiley .
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December 05, 2013, 05:26:43 AM
 #7038

Ok, I guess I just proved your point that speculation guys don't hang out in the miner forum a lot  Smiley .

probably a good thing.  they have their own special form of troll over there that is particularly nasty.
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December 05, 2013, 05:28:00 AM
 #7039

Does that portend a similar scenario now?  I keep seeing new people talking about which preorder is best and buying am cubes.  Feels oddly familiar.
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December 05, 2013, 05:28:47 AM
 #7040

Ok, I guess I just proved your point that speculation guys don't hang out in the miner forum a lot  Smiley .

probably a good thing.  they have their own special form of troll over there that is particularly nasty.
Now you are just making me curious   Smiley .
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