Bitcoin Forum
November 20, 2017, 05:30:31 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

Pages: « 1 ... 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 [441] 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 ... 1558 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 2010184 times)
okthen
Hero Member
*****
Offline Offline

Activity: 490


View Profile
June 20, 2014, 04:22:16 PM
 #8801

on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really.

Can you elaborate on the source?

That's huge. They were one of the last to have decent gold reserves in Europe...
Now they make you withdraw cash? There goes Switzerland as world banker.
Bitcoin is really becoming necessary.
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 20, 2014, 04:37:40 PM
 #8802

on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really.

Can you elaborate on the source?

That's huge. They were one of the last to have decent gold reserves in Europe...
Now they make you withdraw cash? There goes Switzerland as world banker.
Bitcoin is really becoming necessary.

otoh, it's seems Switzerland is opening back up to ATM's and exchanges:

http://www.coindesk.com/swiss-regulators-give-green-light-bitcoin-atm-network/

http://www.bilan.ch/argent-finances-plus-de-redaction/negoce-bitcoin-devient-realite-suisse

equally huge.
boumalo
Legendary
*
Offline Offline

Activity: 1204


View Profile
June 20, 2014, 05:34:12 PM
 #8803

Gold UP Bitcoin UP

big banks failing, government bail out, hyperinflation, riots, extremists taking power, wars are sadly around the corner

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 20, 2014, 10:00:10 PM
 #8804

Party Time!

first a tailgater and then in the stands:

http://www.reddit.com/r/Bitcoin/comments/28noiv/bitpay_executive_chairman_tony_gallippi_on_the/

lotsa handheld signs!
tvbcof
Legendary
*
Offline Offline

Activity: 2324


View Profile
June 20, 2014, 10:39:35 PM
 #8805


gold collapsing, bitcoin up!




fonzie
Hero Member
*****
Offline Offline

Activity: 504


Moderator


View Profile
June 20, 2014, 10:41:25 PM
 #8806


gold collapsing, bitcoin up!





 Cheesy Cheesy Cheesy Cheesy

"To know death, Otto, you have to fuck life in the gallbladder"
www.hsbc.com  - The world´s local bank
"These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 20, 2014, 10:49:30 PM
 #8807


gold collapsing, bitcoin up!





it's nice to be admired.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 21, 2014, 12:05:00 AM
 #8808

Even Jeffrey Tucker's eaten the troll food!

http://m.youtube.com/watch?v=s0kDX3yjiFc&feature=share
smoothie
Legendary
*
Offline Offline

Activity: 2072


LEALANA Monero Physical Silver Coins


View Profile
June 21, 2014, 12:21:05 AM
 #8809

Party Time!

first a tailgater and then in the stands:

http://www.reddit.com/r/Bitcoin/comments/28noiv/bitpay_executive_chairman_tony_gallippi_on_the/

lotsa handheld signs!

Your idea of having 7 people hold up each a letter of BITCOIN at the game is an awesome one.

What day in december was it?

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
smoothie
Legendary
*
Offline Offline

Activity: 2072


LEALANA Monero Physical Silver Coins


View Profile
June 21, 2014, 12:22:31 AM
 #8810


gold collapsing, bitcoin up!





Quoted for reference in the future =).

BTW ...that is pretty funny. Thanks for the laugh. I just see that you are looking in the mirror when that troll face pops up...

Nothing like trolling yourself and not knowing it.  Grin

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
STT
Legendary
*
Offline Offline

Activity: 1540



View Profile WWW
June 21, 2014, 01:01:52 AM
 #8811

Ashraf Laidi  a currency trader pointed out that gold rising usually goes in time with lower bitcoin and vice versa.   Im not sure why that'd be especially, do people switch that much from one to the other as bitcoin is alot more portable its a maybe?



                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄███▀
 ▀███▄▄     ▄█▀                ▀█▄▄█████▀
  ▀██████▄▄█▀                ▄▄███████▀
   ▐█████████▄           ▄▄███████████
     ▀█████████▄▄      ▄█████████████
       ▀██████████    ███████████████
        ▐▀█████████  █████████████▀ ▐▌
        ▐▌ ▀▀██████ ▐███████████▀   ▐▌
        ▐▌      ▀██ ▐█████████▀     ▐▌
         █        ▀  ██████         █
         ▐█          ▐█████▄       █▌
          ▀█▄         ▀██████▄   ▄█▀
            ▀█▄         ▀█████▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                ▀▀████████▀▀
T
....ANGEL TOKEN....


                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄█▀█▀ 
 ▀█▀█▄▄     ▄█▀                ▀█▄▄█  ▄█▀ 
  ▀█  ▀▀█▄▄█▀                ▄▄██░   █▀   
   ▐▄▄  ░░░▀█▄           ▄▄█▀▀░░░   ▄█    
     ▀█▄ ░░░▒▒█▄▄      ▄██▒▒▒▒▒░    █     
       ▀▄▄ ░░▒▒▒▓█    ██▒▒▒▒▒▒░   ▄▄█     
        ▐▀█▄░░▒▒▓██  █▓▒▒▒▒▒▒░  ▄█▀ ▐▌    
        ▐▌ ▀▀█▒▓███░▐█▓▒▒▒▒░░ ▄█▀   ▐▌    
        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌    
         █        ▀  █▓█▀▀█         █     
         ▐█          ▐▄▓░ █▄       █▌     
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀      
            ▀█▄         ▀█▄▄▄█▌▄█▀        
              ▀██▄▄       ▀▄▄██▀          
                 ▀▀████████▀▀             

bigasic
Hero Member
*****
Offline Offline

Activity: 868



View Profile
June 21, 2014, 01:06:30 AM
 #8812

There is no doubt in my mind that bitcoin will be much higher than gold in the near future. When we hit 1200 ATH. I had a few bullion dealers call me to get my perspective on bitcoin. Its kind of ironic, back when bitcoin was sub 10 and gold/silver was doing fairly well, they thumbed their noses at BTC. Now, I think they are wishing they jumped on the btc train...
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 21, 2014, 01:15:37 AM
 #8813

Ashraf Laidi  a currency trader pointed out that gold rising usually goes in time with lower bitcoin and vice versa.   Im not sure why that'd be especially, do people switch that much from one to the other as bitcoin is alot more portable its a maybe?

If you zoom out, gold topped in 9/2011 while bitcoin bottomed in 11/2011. You know the rest.

I think this inverse correlation will strengthen with time. 
tvbcof
Legendary
*
Offline Offline

Activity: 2324


View Profile
June 21, 2014, 01:31:27 AM
 #8814


gold collapsing, bitcoin up!




Quoted for reference in the future =).

BTW ...that is pretty funny. Thanks for the laugh. I just see that you are looking in the mirror when that troll face pops up...

Nothing like trolling yourself and not knowing it.  Grin

Not knowing it?  Just a day or two ago I declared that I was trolling this thread hard in part because I was and in part because Cypherdoc declared that the whole purpose of the thread was to troll gold bugs.  Fun for everyone.  I'm glad you had a laugh since that was the idea.

I actually created a sock-puppet called 'cyphercoc' and this was supposed to be it's avatar.  (Theymos welcomes such a thing BTW (or did) and I always make my it clear who my sock puppets are in post #1.)  Anyway, after dicking around for half an hour on the AG and this forum I found out that avatars are no longer functional.  Oh well.


Adrian-x
Legendary
*
Offline Offline

Activity: 1372



View Profile
June 21, 2014, 04:56:31 AM
 #8815

Ashraf Laidi  a currency trader pointed out that gold rising usually goes in time with lower bitcoin and vice versa.   Im not sure why that'd be especially, do people switch that much from one to the other as bitcoin is alot more portable its a maybe?

Pavlov training his dogs, when it works like clockwork  Smiley, then it doesn't. I recall seeing a similar correlation with the Dow before the last run up.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 21, 2014, 05:40:00 AM
 #8816

.

I actually created a sock-puppet called 'cyphercoc' and this was supposed to be it's avatar.  (Theymos welcomes such a thing BTW (or did) and I always make my it clear who my sock puppets are in post #1.)  Anyway, after dicking around for half an hour on the AG and this forum I found out that avatars are no longer functional.  Oh well.



You know, tvbcoc once admitted to all of us that this thread irritated the hell outta him. I'm glad to see that it's working.

I'm sure if you spend a few more hours of your time you could get theymos to use your avatar.

I like being put up on a pedestal. Perhaps you should call me General like Adrian did once.
zeetubes
Sr. Member
****
Offline Offline

Activity: 371


View Profile
June 21, 2014, 05:52:11 AM
 #8817

After reading a few articles about Thursday and Friday's PM actions, it looks like someone took a leaf out of the fed's books and placed a huge buy order (as opposed to the usual huge paper dump) and perhaps it took the big players by surprise. It certainly took them until Friday afternoon until they got the price back under some level of control. If google's shares suddenly spiked like that, almost no one would short it but PM markets don't work that way, for now at least. It's always fun to read the MSM and how the price settled because of "profit taking." Right. Either way, it feels like things are starting to get interesting again. BTC will probably be quiet until the Fibbies sell their stash so maybe next week will have some more fun gold and silver action.
nwfella
Legendary
*
Offline Offline

Activity: 1400


btc tips: 1NPQP9Z4Ju6rTnH4uR6986kGVnEkpyYFJZ


View Profile
June 21, 2014, 06:52:14 AM
 #8818

gold could easily explode at any time ... no i mean really explode.

the parlous situation in the gold markets and gold banking world is untenable, there is very little physical gold to be had anywhere.

on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really.
Very interesting.  Have any idea as to a rough-estimate timeline?  Are we talking months, years, multiples of years?  Also interesting the timing of ATM approval being granted to bitcoin atm manufacturer.  Exciting times ahead it seems.

LTC: LcTpDxXjVKkjbSHqPkhDVGaqauiD81snhD
ZEC: t1Jd1615qcMq1FQeXPdm1zvjVvnEMAamLNC
ETC: 0xea55ce08f8558c87dc85d4f3c3ebdf2afebbbe32
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 21, 2014, 03:06:15 PM
 #8819

Let's not forget that Matt has taken great personal career risk in pursuing Bitcoin as he has, imo. He'll never admit it, but it's true.

http://www.youtube.com/watch?v=gZGN_VNGf_U
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 21, 2014, 03:43:10 PM
 #8820

Hey tvbcoc,

You too can Follow Me onTwitter if you want to continue to see great graphs like this:

https://twitter.com/cypherdoc2/status/480367716050935808
Pages: « 1 ... 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 [441] 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 ... 1558 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!