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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1806981 times)
rampantparanoia
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December 11, 2013, 07:38:48 PM
 #7161

BTC will rise due to media involvement
BTC will fall due to media involvement

Now, BTC is at the mercy of the media. The media will definitely pump this sucker up quite a bit, but the moment something better--or something which benefits those in power--comes on the scene, the media will stop broadcasting about BTC and start pumping something else. That's not to say BTC will die due to media involvement, but it can definitely be hindered.
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chrsjrcj
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December 11, 2013, 09:46:45 PM
 #7162

It's the top post on r/bitcoin- http://www.reddit.com/r/Bitcoin/comments/1sn0gi/someone_on_4chan_actually_bought_a_lamborghini/  Cheesy
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December 11, 2013, 09:50:18 PM
 #7163

I'm thinking of a private railcar myself http://www.sterlingrail.com/classifieds/Listings.php?type=Passenger%20Car&fsw=FS


Choo choo!
marcus_of_augustus
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December 11, 2013, 10:37:59 PM
 #7164

hmmm PR stunt ... so lots of pics then  Smiley

adpinbr
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December 11, 2013, 10:43:38 PM
 #7165

How is bitcoin millionares cashing out on their pyramid scheme good PR. buying something at wal mart is good PR, that just makes this look like a pyramid scheme
KFR
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December 11, 2013, 10:45:10 PM
 #7166

Loving your work Goat. Wink

They're trying to buy all the coins. 
We must not let them.
rampantparanoia
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December 11, 2013, 10:52:27 PM
 #7167

I wondered myself ... a lambo?

LOL. It has to be the most useless thing I can think of to spend money on!

For some reason, it seems to fit Goat! (I mean that in a good way Goat, someone has to have all the fun!)

If I had that kind of money, I would probably buy a tractor and some nice tools! That way I can uhh... work better. Sad

it was a PR stunt for BTC.

if people are like well, i can use BTC for Lambos maybe this is something i should look into.


yes, we got yellow cuz btc, yes it is not practical at all esp as i wont even be in the country (most of the time) it is located in. this wont fit on a plane to thailand. lol

If you are into PR stunts, I have one for you! Although, it's not for the faint of heart!

1. Publicly announce your bitcoin address along with proof of ownership.
2. Get arrested for some high profile crime where you are required to pay fines of an amount that is impossible with your non-bitcoin assets.
3. Don't pay, go to jail.
4. Wait (be a good prisoner).
5. Get out of jail.
6. Publicly announce your bitcoin address (unchanged) along with proof of ownership.

I think DPR had the opportunity to pull this off, but failed miserably for whatever reason.



LOL

I think the 5mBTC wrench will change step #6
Vycid
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December 11, 2013, 10:55:43 PM
 #7168

I wondered myself ... a lambo?

LOL. It has to be the most useless thing I can think of to spend money on!

For some reason, it seems to fit Goat! (I mean that in a good way Goat, someone has to have all the fun!)

If I had that kind of money, I would probably buy a tractor and some nice tools! That way I can uhh... work better. Sad

it was a PR stunt for BTC.

if people are like well, i can use BTC for Lambos maybe this is something i should look into.


yes, we got yellow cuz btc, yes it is not practical at all esp as i wont even be in the country (most of the time) it is located in. this wont fit on a plane to thailand. lol

If you are into PR stunts, I have one for you! Although, it's not for the faint of heart!

1. Publicly announce your bitcoin address along with proof of ownership.
2. Get arrested for some high profile crime where you are required to pay fines of an amount that is impossible with your non-bitcoin assets.
3. Don't pay, go to jail.
4. Wait (be a good prisoner).
5. Get out of jail.
6. Publicly announce your bitcoin address (unchanged) along with proof of ownership.

I think DPR had the opportunity to pull this off, but failed miserably for whatever reason.



LOL

I think the 5mBTC wrench will change step #6

Someone has never heard of prison beatings  Tongue

oakpacific
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December 12, 2013, 07:35:56 AM
 #7169

I wondered myself ... a lambo?

LOL. It has to be the most useless thing I can think of to spend money on!

For some reason, it seems to fit Goat! (I mean that in a good way Goat, someone has to have all the fun!)

If I had that kind of money, I would probably buy a tractor and some nice tools! That way I can uhh... work better. Sad

it was a PR stunt for BTC.

if people are like well, i can use BTC for Lambos maybe this is something i should look into.


yes, we got yellow cuz btc, yes it is not practical at all esp as i wont even be in the country (most of the time) it is located in. this wont fit on a plane to thailand. lol

If you are into PR stunts, I have one for you! Although, it's not for the faint of heart!

1. Publicly announce your bitcoin address along with proof of ownership.
2. Get arrested for some high profile crime where you are required to pay fines of an amount that is impossible with your non-bitcoin assets.
3. Don't pay, go to jail.
4. Wait (be a good prisoner).
5. Get out of jail.
6. Publicly announce your bitcoin address (unchanged) along with proof of ownership.

I think DPR had the opportunity to pull this off, but failed miserably for whatever reason.



LOL

I think the 5mBTC wrench will change step #6

Yes, you must be very strong willed to pull this off.

In no way do I endorse drug trading, but in certain ways the bad guys are doing good for us all.

One of my teachers often use the analogy that the bad guys are like the insurance fee we paid, they go out there to pull off the most bold, brazen, and reckless endeavors possible, employing the same kind of protection we use, if it's proven that they don't get busted in the end, then those of us who are not as reckless can be sure that the same kind of protection mechanism must be safe for us too.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
cypherdoc
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December 12, 2013, 03:41:48 PM
 #7170

miscreanity,

is it time yet?:

protokol
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December 12, 2013, 08:49:18 PM
 #7171

I started shorting gold on Monday morning - It's up nearly $40 since then, I'm about to get wiped out. Whoops.  Cheesy

Had less than £40 equity left, thought I'd gamboll...  Shocked  Grin

cypherdoc
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December 12, 2013, 09:05:56 PM
 #7172

I started shorting gold on Monday morning - It's up nearly $40 since then, I'm about to get wiped out. Whoops.  Cheesy

Had less than £40 equity left, thought I'd gamboll...  Shocked  Grin



if you shorted on Monday, then today you're green!
protokol
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December 12, 2013, 10:53:57 PM
 #7173

Yeah held on by the skin of my teeth... Now just hoping the price will drop through the current resistance. Is there any way to see a sort of order book in markets such as gold (I'm new to this fake CFD gold business?) Not that that would protect against these huge market orders that keep getting executed...
NewLiberty
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December 13, 2013, 02:34:40 AM
 #7174

How is bitcoin millionares cashing out on their pyramid scheme good PR. buying something at wal mart is good PR, that just makes this look like a pyramid scheme

Wow, learn2PR.

Buying something at Walmart is good PR if you are a Presidential Candidate accused of being out of touch with the people, but otherwise... who can't just go to Wallmart and buy something?  so what, ho hum, no news.

Most people can't go buy a hot flashy car much less with only using secret numbers their computer made up.
It is way more interesting.  Sexy, crazy, cool.  Headline making.  Lifestyles of the rich and famous worthy.
As PR stunts go, it is a good play.
Houses bought with forgotten hard drives.  Lost Million dollar floppy disks in landfills, race cars bought with digital money.  Those are news.


Walmart accepting Bitcoin may indeed be a better thing for Bitcoin, but at the moment, it is somewhat more of a difficult hurdle than finding someone to sell you a car.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
jojo69
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December 14, 2013, 03:14:03 AM
 #7175

 Grin

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.
miscreanity
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December 16, 2013, 10:18:05 PM
 #7176

finally got around to finding it:

Thanks. You should've had way more upvotes.

miscreanity,

is it time yet?:

If you hold dividend-paying stocks for the long-term, the price doesn't matter very much. If you trade for a living, price is all that matters. Either way, there's some level of exposure to the cannibalistic system.

So I don't care Smiley

A few months ago, I suggested that the USD$1k level might be the point where war would be declared on Bitcoin. It's starting to look like it has been. Both banks and gov't will protect their routes to conquest -- Bitcoin is finally being seen as a legitimate threat to their highly controlled regime of fiat and gold. Those plans will not endure intact, but having been laid down over decades there is a lot of interest in preserving those investments in time and resources.

Their downfall is that they don't see how the game is changing: it is no longer about exclusive domination, but inclusive collaboration.

Be self-sufficient and stand your ground, friends.
oakpacific
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December 17, 2013, 06:03:44 AM
 #7177

finally got around to finding it:

Thanks. You should've had way more upvotes.

miscreanity,

is it time yet?:

If you hold dividend-paying stocks for the long-term, the price doesn't matter very much. If you trade for a living, price is all that matters. Either way, there's some level of exposure to the cannibalistic system.

So I don't care Smiley

A few months ago, I suggested that the USD$1k level might be the point where war would be declared on Bitcoin. It's starting to look like it has been. Both banks and gov't will protect their routes to conquest -- Bitcoin is finally being seen as a legitimate threat to their highly controlled regime of fiat and gold. Those plans will not endure intact, but having been laid down over decades there is a lot of interest in preserving those investments in time and resources.


I think it maybe quite the opposite:the fact that the banks and gov't resort to fight a dorky online interwebz currency with regulatory means, rather than allowing the investors to make decisions for themselves, shows how unconfident they are with those "investments" themselves. Smart investors will take note and start exiting.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
NewLiberty
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December 17, 2013, 06:10:14 PM
 #7178

To the extent that Bitcoin takes the role of gold, we have this to look forward to:



How will we know when bitcoin is an asset class?
When cryptocurrency gets mentioned in the BASEL Accords.

Proper price of gold currently: around 1600.

Proper price of bitcoin?  A lot more...

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
cypherdoc
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December 17, 2013, 06:20:21 PM
 #7179

To the extent that Bitcoin takes the role of gold, we have this to look forward to:



How will we know when bitcoin is an asset class?
When cryptocurrency gets mentioned in the BASEL Accords.

Proper price of gold currently: around 1600.

Proper price of bitcoin?  A lot more...

that's a very crude attempt at a correlation.  and potentially very misleading.
NewLiberty
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December 17, 2013, 06:33:59 PM
 #7180


that's a very crude attempt at a correlation.  and potentially very misleading.
And yet a very common one that is relied on by many...

Would you aver that the relative value of commodities is independent of the dilution of fiat currencies in which they are measured?  The chart starts at where they diverge at the closing of the gold window.  
If the dollar were still a hard money currency, rather than backed by debt only, the commodity fluctuations would be more dependent on things like industrial demand and supply and less the devaluation of the dollar.

The point of the chart is that once BTC is mainstream, it ought also follow a valuation based on fiat debts.
It may have the ability to encourage honest money from the governments of the world as a global settlement mechanism.

This is the role that gold once had.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
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