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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1939136 times)
cypherdoc
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March 04, 2014, 03:23:21 AM
 #7761

News flash:  What cypherdoc likes or does not like has just about exactly zero impact on that will happen.

You mean his call for this being the "finale" bull run of gold might be complete shit?  Gasp!  I'll let China know right away.

you sound scared.

anyone who names themselves "trader" must have a pretty high view of oneself and their "trades.  let's test that out:

i propose a 1BTC bet that sometime in the next year, Bitcoin will catch gold (hence outperform) and go to parity once again in USD terms as it did in November.  if it does, i win, if it doesn't, you win.  we can each put 1BTC in escrow, hopefully in a smart contract on the blockchain as i've been wanting to test that out.  we can have someone like Smoothie or Melbustus act as the escrow agent who can sign the winnings over to one of us if they are agreeable.

capiche?



Sure, I'd act as an escrow agent to that (3rd sig on a blockchain contract or just normal escrow). Always love a good btc/gold bet. Let's agree beforehand what price-quote sources both parties consider valid.



i'd be happy with Bitstamp.


And for the gold side?

Thought: maybe CoinDesk BPI would be better for the btc quote, since any single exchange is always at risk to some degree. Or the winkdex.com !! lol...love their bios: http://winkdex.com/#/about






i'd prefer Bitstamp, as right now BTC-e is being discounted by the fear of anonymous owners, imo.  or some index that doesn't include BTC-e.

as for gold, no strong opinion.  we could use the Kitco spot price or whatever.
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traderCJ
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March 04, 2014, 04:40:02 AM
 #7762

News flash:  What cypherdoc likes or does not like has just about exactly zero impact on that will happen.

You mean his call for this being the "finale" bull run of gold might be complete shit?  Gasp!  I'll let China know right away.

you sound scared.

anyone who names themselves "trader" must have a pretty high view of oneself and their "trades.  let's test that out:

i propose a 1BTC bet that sometime in the next year, Bitcoin will catch gold (hence outperform) and go to parity once again in USD terms as it did in November.  if it does, i win, if it doesn't, you win.  we can each put 1BTC in escrow, hopefully in a smart contract on the blockchain as i've been wanting to test that out.  we can have someone like Smoothie or Melbustus act as the escrow agent who can sign the winnings over to one of us if they are agreeable.

capiche?

I used to work with a guy like you.  He'd bet on anything.  You'll have to find someone else to participate in your sideshow (speaking of egos).  How about this.  I have a fortune in gold.  You have a fortune in BTC.  See you in 10 years.  Capiche?
TeeBone
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March 04, 2014, 04:51:50 AM
 #7763

News flash:  What cypherdoc likes or does not like has just about exactly zero impact on that will happen.

You mean his call for this being the "finale" bull run of gold might be complete shit?  Gasp!  I'll let China know right away.

you sound scared.

anyone who names themselves "trader" must have a pretty high view of oneself and their "trades.  let's test that out:

i propose a 1BTC bet that sometime in the next year, Bitcoin will catch gold (hence outperform) and go to parity once again in USD terms as it did in November.  if it does, i win, if it doesn't, you win.  we can each put 1BTC in escrow, hopefully in a smart contract on the blockchain as i've been wanting to test that out.  we can have someone like Smoothie or Melbustus act as the escrow agent who can sign the winnings over to one of us if they are agreeable.

capiche?

I used to work with a guy like you.  He'd bet on anything.  You'll have to find someone else to participate in your sideshow (speaking of egos).  How about this.  I have a fortune in gold.  You have a fortune in BTC.  See you in 10 years.  Capiche?

you'd likely lose the short term bet but win the long. i agree with the old geezer, warren buffet...bitcoin wont be around in 10-20 yrs. most people are retarded sheep lookin to make a quick buck, but even they at some point will realize they are trading nothing/air (bitcoin).
traderCJ
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March 04, 2014, 04:57:10 AM
 #7764

you'd likely lose the short term bet but win the long. i agree with the old geezer, warren buffet...bitcoin wont be around in 10-20 yrs. most people are retarded sheep lookin to make a quick buck, but even they at some point will realize they are trading nothing/air (bitcoin).

Those are more or less my thoughts.  It's a great technology and will serve as a stepping stone (hopefully) towards independence from the central banking system.  I still hold some.  But unlike most of the people here, I do not worship at the Bitcoin altar.  It has strengths, weaknesses, and a whole lot of competition.  In the end, the world will be a better place with cryptocurrency.  May the best ones win ...
cypherdoc
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March 04, 2014, 05:03:44 AM
 #7765

News flash:  What cypherdoc likes or does not like has just about exactly zero impact on that will happen.

You mean his call for this being the "finale" bull run of gold might be complete shit?  Gasp!  I'll let China know right away.

you sound scared.

anyone who names themselves "trader" must have a pretty high view of oneself and their "trades.  let's test that out:

i propose a 1BTC bet that sometime in the next year, Bitcoin will catch gold (hence outperform) and go to parity once again in USD terms as it did in November.  if it does, i win, if it doesn't, you win.  we can each put 1BTC in escrow, hopefully in a smart contract on the blockchain as i've been wanting to test that out.  we can have someone like Smoothie or Melbustus act as the escrow agent who can sign the winnings over to one of us if they are agreeable.

capiche?

I used to work with a guy like you.  He'd bet on anything.  You'll have to find someone else to participate in your sideshow (speaking of egos).  How about this.  I have a fortune in gold.  You have a fortune in BTC.  See you in 10 years.  Capiche?

this thread is filled with guys like you touting gold.  you all seem to forget that the reason we're all here is that Bitcoin appears to be The Show, not the sideshow you'd like us to believe.

instead of arguing about it, i've found the fastest way to cut to the chase is to put your money where your mouth is so we don't waste time going back and forth with further ad hominems.
tvbcof
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March 04, 2014, 05:06:53 AM
 #7766


lets hope tainting never happens.


'Hope' has proven time and time again to be a poor strategy to actually accomplish things.

That said, I'm not planning to actually do anything significant related to Bitcoin except to perhaps move my lips a little.  As far as I'm concerned taint/validation/licensing/registration/declaration/[red|black]listing, or whatever one wishes to call it is very probably a done deal, and mostly what is left for those of us who don't like it is to 'move on'.  That is not to say that there is not more money to be made with Bitcoin.  Probably quite a bit more since the reason taint is so likely is that a lot of people see it as the way forward.  Especially the VC types who happen to have shit-loads of money to pump in.  I've got clean coins and I'll certainly hold my nose and register the if it means fiat in my pocket when I want it.

I expect taint to be the cancer that renders Bitcoin useless and eventually worthless (relative to other solutions) but I also expect it to take some time.  This wave has (hopefully) still got a long way to go and I'm in no hurry to hop off of it prematurely.


traderCJ
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March 04, 2014, 05:19:15 AM
 #7767

instead of arguing about it, i've found the fastest way to cut to the chase is to put your money where your mouth is so we don't waste time going back and forth with further ad hominems.

Oh don't be such a drama queen.  I own both, and I was referring to you as the sideshow.  The issue itself is much more important than you, I, and your bets.  If you really feel that way about ad hominems, then stop arguing - bets only from now on.  If someone declines, then place them on ignore.  Simple and no "wasted" time.
cypherdoc
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March 04, 2014, 05:24:01 AM
 #7768

instead of arguing about it, i've found the fastest way to cut to the chase is to put your money where your mouth is so we don't waste time going back and forth with further ad hominems.

Oh don't be such a drama queen.  I own both, and I was referring to you as the sideshow.  The issue itself is much more important than you, I, and your bets.  If you really feel that way about ad hominems, then stop arguing - bets only from now on.  If someone declines, then place them on ignore.  Simple and no "wasted" time.

it's just a simple bet.  c'mon...
traderCJ
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March 04, 2014, 05:36:57 AM
 #7769

it's just a simple bet.  c'mon...

Jesus christ cypher if you're really that hard up for a Bitcoin, I'll give you one.

time to sell some silver back for ltc.

300% return in 3 months  Cool

Reasoning?
tvbcof
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March 04, 2014, 05:49:46 AM
 #7770


you must be new here.

go see what i did three months ago. i made some people in this thread upset but lulz...


One of these days I should make a shift toward less talking and more doing.  I guess I'm out of energy in my old age and am doing OK in this crypto thing anyway.  Shrug.


cypherdoc
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March 04, 2014, 05:55:27 AM
 #7771

it's just a simple bet.  c'mon...

Jesus christ cypher if you're really that hard up for a Bitcoin, I'll give you one.

time to sell some silver back for ltc.

300% return in 3 months  Cool

Reasoning?

Lol!  That made my evening.

If you really feel that's what this is all about, you have my address!
traderCJ
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March 04, 2014, 06:13:17 AM
 #7772

it's just a simple bet.  c'mon...

Jesus christ cypher if you're really that hard up for a Bitcoin, I'll give you one.

time to sell some silver back for ltc.

300% return in 3 months  Cool

Reasoning?

Lol!  That made my evening.

If you really feel that's what this is all about, you have my address!

Hah, well it must be if you'd rather just wager than debate  Wink
Melbustus
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March 04, 2014, 07:53:19 AM
 #7773

time to sell some silver back for ltc.

300% return in 3 months  Cool


Only if there's also a roughly 300% return in bitcoin over the same period.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
cypherdoc
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March 04, 2014, 01:15:32 PM
 #7774

Gold down. Bitcoin up.
Oinas
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March 04, 2014, 04:44:38 PM
 #7775

Hello,
Where do you trade crypto <-> gold / silver ?
Peter R
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March 04, 2014, 04:49:27 PM
 #7776

time to sell some silver back for ltc.

300% return in 3 months  Cool

Only if there's also a roughly 300% 400% return in bitcoin over the same period.

I have a feeling we are approaching "peak alt coins."

Run Bitcoin Unlimited (www.bitcoinunlimited.info)
dedcoin
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March 04, 2014, 04:53:03 PM
 #7777

Is Huobi adding Ltc soon?

First bitcoin bought at $70
imready2rock
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March 04, 2014, 05:02:26 PM
 #7778

I wasn't interested in Gold or Silver before I've seen this thread.

Melbustus
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March 04, 2014, 06:31:25 PM
 #7779

time to sell some silver back for ltc.

300% return in 3 months  Cool


Only if there's also a roughly 300% return in bitcoin over the same period.

I bought silver with ltc when it was just over $40... I then bought ltc using silver when LTC was $13...

I now have 300% more LTC in 3 months.



got some hate from people in this thread but want to make it clear that i moved back into LTC so when LTC is $100 they dont tell me how stupid i was.

and yeah spike to $21 last night in LTC, crazy eh? hahaha lulz


I misinterpreted your statement. I thought you were saying LTC is *going to* appreciate 300% in the *next* 3 months, not that your trading in/out of ltc/silver over the past 3 months has produced a 300% ROI. Gotchya...


Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
Melbustus
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March 05, 2014, 03:55:20 AM
 #7780

time to sell some silver back for ltc.

300% return in 3 months  Cool


Only if there's also a roughly 300% return in bitcoin over the same period.

I bought silver with ltc when it was just over $40... I then bought ltc using silver when LTC was $13...

I now have 300% more LTC in 3 months.



got some hate from people in this thread but want to make it clear that i moved back into LTC so when LTC is $100 they dont tell me how stupid i was.

and yeah spike to $21 last night in LTC, crazy eh? hahaha lulz


I misinterpreted your statement. I thought you were saying LTC is *going to* appreciate 300% in the *next* 3 months, not that your trading in/out of ltc/silver over the past 3 months has produced a 300% ROI. Gotchya...



dont know if it will or not, but im now betting on ltc and so far done well. $4 up.


Still think that *at best* litecoin moves more-or-less in lockstep with bitcoin.

The reality for litecoin is that it's no longer a novelty, and there was never any innovation. There's ultimate value in alts that are viable experiments in different ways to do things (PoS, Turing-complete scripting, etc). I think long-run, newer alts are going to eat into litecoin more than anything else.

To be honest, I think Doge has more viability long-run than litecoin (as an interesting experiment in viral marketing).

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
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