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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1807060 times)
thezerg
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April 12, 2014, 04:06:56 AM
 #7961

3D printing to give gold the final blow?

How so?


Ordered by Cypherdoc, here's a good data point.  Hopefully near the bottom! :-)

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 439.00 (442.90 btcChina in USD).  Gold is 1318.00.  Nasdaq is 4000.00
Bitcoin: 8029.63% (8101.85%)
Gold:    -22.01%
Nasdaq:  30.93%
Gold Diff:  10324% advantage Bitcoin
Nasdaq Diff:  6109% advantage Bitcoin
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April 12, 2014, 04:31:43 AM
 #7962

Let's revisit a topic discussed (what seems like) ages ago.

Bitcoin price is stagnant; dark pools are back in vogue. We are seeing a two-tier value structure emerge just as there exists with gold. Observe the former to understand the mature market of the latter.

Quote from: TBI
Bitcoin really has two different trading markets.  Silbert spoke about the two-pronged bitcoin exchange market, which is really comprised of a consumer market with millions of people who trade through Coinbase or BitStamp, and an institutional market, where buyers and sellers are moving large blocks of bitcoins “off-exchange.”  Silbert said that Bitstamp is the typical reference point for those off-exchange transactions.  Somewhat intuitively, he confirmed that when bitcoin prices are rising, those off-exchange sellers demand a price premium to BitStamp; when prices are falling, buyers demand a discount; in stable environments (like recent weeks), the BitStamp price is pretty much accurate.
Source

Quote from: TBI
Amidst the backdrop of a dramatic price drop for bitcoin in the past week, Barry Silbert announced that his Bitcoin Investment Trust recently broke the 100k BTC mark.  So as Chinese investors firesell their remaining bitcoin, the institutional investors continue to pile in.  Silbert acknowledged at the Inside Bitcoins conference that the reference prices most of us retail investors use at Bitstamp and BTC-e, may not necessarily reflect the true prices commanded in “off-exchange” transactions.  In environments where skittish retail investors are selling and US institutions are trying to amass enormous positions, I believe the true bitcoin price may be higher than the one we see on CoinDesk.
Source

Sound familiar? Replace Bitcoin Trust with China and it should.

The transition is in progress and far from complete; metals are still with us for years to come, whether we like it or not.
smoothie
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April 12, 2014, 04:49:19 AM
 #7963

Gold UP, bitcoin tanking like a bitch.

As always throughout history, gold has the last laugh.

LOL noob making calls on bitcoin. Let's see who is right at the end of 2014.  Roll Eyes

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cypherdoc
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April 12, 2014, 05:01:17 AM
 #7964

how do you get from this:

Let's revisit a topic discussed (what seems like) ages ago.

Bitcoin price is stagnant; dark pools are back in vogue. We are seeing a two-tier value structure emerge just as there exists with gold. Observe the former to understand the mature market of the latter.

Quote from: TBI
Bitcoin really has two different trading markets.  Silbert spoke about the two-pronged bitcoin exchange market, which is really comprised of a consumer market with millions of people who trade through Coinbase or BitStamp, and an institutional market, where buyers and sellers are moving large blocks of bitcoins “off-exchange.”  Silbert said that Bitstamp is the typical reference point for those off-exchange transactions.  Somewhat intuitively, he confirmed that when bitcoin prices are rising, those off-exchange sellers demand a price premium to BitStamp; when prices are falling, buyers demand a discount; in stable environments (like recent weeks), the BitStamp price is pretty much accurate.
Source

Quote from: TBI
Amidst the backdrop of a dramatic price drop for bitcoin in the past week, Barry Silbert announced that his Bitcoin Investment Trust recently broke the 100k BTC mark.  So as Chinese investors firesell their remaining bitcoin, the institutional investors continue to pile in.  Silbert acknowledged at the Inside Bitcoins conference that the reference prices most of us retail investors use at Bitstamp and BTC-e, may not necessarily reflect the true prices commanded in “off-exchange” transactions.  In environments where skittish retail investors are selling and US institutions are trying to amass enormous positions, I believe the true bitcoin price may be higher than the one we see on CoinDesk.
Source

Sound familiar? Replace Bitcoin Trust with China and it should.

to this?:

Quote
The transition is in progress and far from complete; metals are still with us for years to come, whether we like it or not.

Silbert said in downdrafts like we've had the last 5 mo, institutional investors will pay lower prices than Bitstamp.  in ramps, they pay higher.  in flats, they pay the same.
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April 12, 2014, 03:43:52 PM
 #7965

Silbert said in downdrafts like we've had the last 5 mo, institutional investors will pay lower prices than Bitstamp.  in ramps, they pay higher.  in flats, they pay the same.

Yes, when a market is experiencing increasing liquidity. Gold is not, so institutional pricing will remain elevated even during retail price declines -- accumulation is occurring during all phases.

Bitcoin is showing the growth stages. What if all 21mm units were already mined, bitcoins were familiar to all, and every other asset class was declining in real terms?

The transition I'm referring to is your suggestion that Bitcoin will win out in the end. I think nearly the rest of this decade will have to finish before there's a decisive shift.
Ivanhoe
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April 12, 2014, 06:34:21 PM
 #7966

3D printing to give gold the final blow?
Huh, is there a connection between these 2?
Nah nevermind, read a article about a company who claimed they could ' create ' gold with 3D tech. Turned out to be bullshit ofcourse. I was a bit quick with posting in this thread. Excusez moi.
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April 13, 2014, 06:09:27 PM
 #7967

3D printing to give gold the final blow?
Huh, is there a connection between these 2?
Nah nevermind, read a article about a company who claimed they could ' create ' gold with 3D tech. Turned out to be bullshit ofcourse. I was a bit quick with posting in this thread. Excusez moi.

Just like the diamond creating machines that could never get the color to be as clear as real ones
bitcoinsrus
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April 13, 2014, 06:10:16 PM
 #7968

3D printing to give gold the final blow?
Huh, is there a connection between these 2?
Nah nevermind, read a article about a company who claimed they could ' create ' gold with 3D tech. Turned out to be bullshit ofcourse. I was a bit quick with posting in this thread. Excusez moi.

Just like the diamond creating machines that could never get the color to be as clear as real ones

I think they are focusing on computer chips which would be better so we can hash faster  Grin
GreenDude
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April 13, 2014, 09:13:30 PM
 #7969

Voi olla
cypherdoc
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April 14, 2014, 10:24:36 AM
 #7970

we're comin for ya, Teebone.
boumalo
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April 14, 2014, 11:46:25 AM
 #7971

Silbert said in downdrafts like we've had the last 5 mo, institutional investors will pay lower prices than Bitstamp.  in ramps, they pay higher.  in flats, they pay the same.

Yes, when a market is experiencing increasing liquidity. Gold is not, so institutional pricing will remain elevated even during retail price declines -- accumulation is occurring during all phases.

Bitcoin is showing the growth stages. What if all 21mm units were already mined, bitcoins were familiar to all, and every other asset class was declining in real terms?

The transition I'm referring to is your suggestion that Bitcoin will win out in the end. I think nearly the rest of this decade will have to finish before there's a decisive shift.

I can live with that : if there is a decisive shift towards Bitcoin before the end of the decade it is as much as we can ask for!
More and more people have heard about Bitcoin and more and more get to know what it is; when the western financial system will crash, Bitcoin will sound very safe and useful

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April 15, 2014, 07:46:36 AM
 #7972

Gold down. Bitcoin UP.
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April 15, 2014, 08:18:07 AM
 #7973

Once we get past gold parity that should be it.

Forever.
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April 15, 2014, 08:44:05 AM
 #7974

Where the hell are all my rocket images?
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April 15, 2014, 08:54:53 AM
 #7975

Remember, the bulls have unlimited ammunition.

We drink from the firehose called Yellen.
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April 15, 2014, 11:07:16 AM
 #7976

Gold collapsing. Bitcoin UP.
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April 15, 2014, 05:35:01 PM
 #7977

remember i showed you Goldcorp breaking to new lows?  small miners in trouble:



here's another one, Silver Wheaton, another bellwether.  so sorry:



here's silver itself. just ugly:



finally, gold itself:

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April 15, 2014, 10:46:47 PM
 #7978


...

finally, gold itself:






That just game me an idea:

A webapp that parses bitcointalk content for certain keywords and plants resultant quotes at the corresponding time over a price chart. That might actually reveal some pretty amusing market psychology.

Obviously generalizable to other domains and content sources.

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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April 15, 2014, 11:49:10 PM
 #7979


...

finally, gold itself:






That just game me an idea:

A webapp that parses bitcointalk content for certain keywords and plants resultant quotes at the corresponding time over a price chart. That might actually reveal some pretty amusing market psychology.

Obviously generalizable to other domains and content sources.

Good idea.

Moon and crash come to mind as keywords.
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April 17, 2014, 04:53:53 PM
 #7980

gold suffering mightily.
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