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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1805778 times)
El Cabron
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May 20, 2014, 09:52:42 AM
 #8121

hugely disappointing intraday reversal:




Gold is down 2.5 dollars from 30 days ago... It is fucking free falling!!!1!

Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
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https://bitcointalk.org/index.php?topic=622250.msg7030081#msg7030081
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cypherdoc
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May 20, 2014, 02:27:48 PM
 #8122

hugely disappointing intraday reversal:




Gold is down 2.5 dollars from 30 days ago... It is fucking free falling!!!1!


We touched it once. We'll touch it again.

As we blow by it. This could be it.
El Cabron
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May 20, 2014, 03:07:37 PM
 #8123

we are now down 40 cents for the last 30 days! panic!

Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
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https://bitcointalk.org/index.php?topic=622250.msg7030081#msg7030081
thezerg
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May 20, 2014, 03:10:31 PM
 #8124


Damn, that is a great report. The economist doing what it does best. Thanks for sharing!

halfway through... great article but so far it has not been that specific in describing why the "shadow" system can offer loans banks cannot.  Is it efficiency?  Is this a poster-child example of regulatory compliance pushing an industry to the point where it can no longer function?

Edit: @Goat: troll much?  Grin  cypherdoc has previously admitted in this thread that the "collapsing" subject was meant more to trigger controversy... personally, I don't see a collapse either; I see a slow drain of value which could be completely overrun by the movement of assets currently held in fiat denominated instruments shift to non-central-bank controlled means of exchange.
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May 20, 2014, 03:27:08 PM
 #8125

we are now down 40 cents for the last 30 days! panic!

Goat

you're better off selling your gold and silver now and switching to Bitcoin.
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May 20, 2014, 03:45:05 PM
 #8126

we are now down 40 cents for the last 30 days! panic!

Goat

you're better off selling your gold and silver now and switching to Bitcoin.

I think Goat is in what's also known as a "win-win situation"

cypherdoc
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May 20, 2014, 04:13:40 PM
 #8127

we are now down 40 cents for the last 30 days! panic!

Goat

you're better off selling your gold and silver now and switching to Bitcoin.

I think Goat is in what's also known as a "win-win situation"

what you really mean is that just b/c he said this...:



Sure gold could lose 70% of it's value before then, but fiat is dead....
 

...he can claim he was right no matter what happens. 

par for his course.
wachtwoord
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May 20, 2014, 04:16:19 PM
 #8128

we are now down 40 cents for the last 30 days! panic!

Goat

you're better off selling your gold and silver now and switching to Bitcoin.

I think Goat is in what's also known as a "win-win situation"

what you really mean is that just b/c he said this...:



Sure gold could lose 70% of it's value before then, but fiat is dead....
 

...he can claim he was right no matter what happens. 

par for his course.

Nah, I say it because he holds more gold than my net worth, more land than my net worth, more silver than my net wort, more Bitcoin than my net worth and likely more Litecoin than my net worth.

cypherdoc
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May 20, 2014, 04:18:50 PM
 #8129

we are now down 40 cents for the last 30 days! panic!

Goat

you're better off selling your gold and silver now and switching to Bitcoin.

I think Goat is in what's also known as a "win-win situation"

what you really mean is that just b/c he said this...:



Sure gold could lose 70% of it's value before then, but fiat is dead....
 

...he can claim he was right no matter what happens. 

par for his course.

Nah, I say it because he holds more gold than my net worth, more land than my net worth, more silver than my net wort, more Bitcoin than my net worth and likely more Litecoin than my net worth.

probably, but you never know.

he does have a Lambo! Wink
wachtwoord
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May 20, 2014, 04:25:44 PM
 #8130

Yes he also holds more Lambo's than me.

sgbett
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May 20, 2014, 04:28:41 PM
 #8131

Yes he also holds more Lambo's than me.

Have no fear, you are not alone Wink

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wachtwoord
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May 20, 2014, 04:31:30 PM
 #8132

Yes he also holds more Lambo's than me.

Have no fear, you are not alone Wink

Good, I was starting to feel poor Wink

cypherdoc
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May 20, 2014, 04:52:09 PM
 #8133

Boom!
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May 20, 2014, 04:52:42 PM
 #8134

thezerg
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May 20, 2014, 05:39:41 PM
 #8135

Yes he also holds more Lambo's than me.

I notice that you didn't say "more Lambo than my net worth" so you must not be doing too badly  Smiley
bitcoinsrus
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May 20, 2014, 05:42:18 PM
 #8136

Yes he also holds more Lambo's than me.

I notice that you didn't say "more Lambo than my net worth" so you must not be doing too badly  Smiley

Check out my lambo....1/10th the price and the manufacturer said its made somewhere in Taiwan so I guess its imported  Grin

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May 20, 2014, 08:22:20 PM
 #8137

Nah gold is just fine.  Cool

Gold: mined with massive mechanical and chemical effort from the ground, by real people doing real work. Total supply on planet limited.

BTC: mined with epic difficulty increase, needs knowhow and special technology. A bit virtual but still needs real people and real computational work.

USD: idiot with tie around his neck sits at an old Federal Reserve 486 monochrome computer terminal, types 45 then types 000 000 000 then hits SEND button -> monthly QE government bond purchase amount has been created. Cost? Maybe 10 cents in materials and 10$ in time

Any questions what's collapsing here?  Grin

f you have found my post helpful, please donate what you feel it is worth: 146eC5dop4j2x8rTmrboeAHm3QntaQ86xz
ranlo
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May 20, 2014, 08:25:17 PM
 #8138

Yes he also holds more Lambo's than me.

I notice that you didn't say "more Lambo than my net worth" so you must not be doing too badly  Smiley

Check out my lambo....1/10th the price and the manufacturer said its made somewhere in Taiwan so I guess its imported  Grin



I love your lego lambo! I want one too. I'll love you forever if you buy me one, Smiley.

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leopard2
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May 20, 2014, 08:26:56 PM
 #8139


Yep. I pointed that out when some people here were truly believing that BTC is outlawed in India. They can't even properly outlaw gold, which needs physical shipment! If Indians want to buy BTC they will do so, period.

f you have found my post helpful, please donate what you feel it is worth: 146eC5dop4j2x8rTmrboeAHm3QntaQ86xz
El Cabron
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May 21, 2014, 01:55:28 AM
 #8140

we are now down 40 cents for the last 30 days! panic!

Goat

you're better off selling your gold and silver now and switching to Bitcoin.

I think Goat is in what's also known as a "win-win situation"

what you really mean is that just b/c he said this...:



Sure gold could lose 70% of it's value before then, but fiat is dead....
 

...he can claim he was right no matter what happens. 

par for his course.

Nah, I say it because he holds more gold than my net worth, more land than my net worth, more silver than my net wort, more Bitcoin than my net worth and likely more Litecoin than my net worth.

probably, but you never know.

he does have a Lambo! Wink

I have more LTC than gold, silver and every other metal combined. I'm about 85% crypto and very bullish on it.

My point was gold is not exactly collapsing but if that is just troll bait then I failed hardcore, lol. But it is in the title of the thread and he does say that it is collapsing about every other day so it is a pretty effective troll. Gold is not going to die soon, BTC however just might get forked or have a bug and die off any second. Gold is something I hope ever have to sell or use but it is mostly like insurance. No way I'm going with out beer money! Smiley


Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
Trolling
https://bitcointalk.org/index.php?topic=622250.msg7030081#msg7030081
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