Gold collapsing. Bitcoin UP.

[cypherdoc]

if gold does what i expect it to do, you are going to see a Bitcoin explosion.

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[cypherdoc]

cypher's Rerack:

Bitcoin:  +27%

Gold:  -7%

Diff:  34% advantage Bitcoin

[tvbcof]

we're about to enter a recession/depression, the euro is about to blow apart, Asia is in the tank, pm's have declined for over a year, and all you have to say is "relax"?

where's my USD failure?  this is a one year chart which is good enough for trading for most people's time horizons and all i see is a line going from the bottom left of the chart to the upper right:

I gave my trust to metals as a saving media regardless of its fiat exchange rate, because a) I abhor Wall Street  swindlers and money changers, and b) I refuse to play the rigged games. It's a moral thing (and a religion thing as you've said

I asked you to relax because I sensed a lot of emotion in your message. If everything is moving toward the direction you predicted, shouldn't you just relax and enjoy the ride? 

After all the sky won't fall, just like the world didn't end in 2008, or 1929.

Pretty well said vis-a-vis your rationals (since they largely capture mine I guess.)

Crisis tend to produce opportunities of their own, though one must sometimes be somewhat heartless to capitalize on them.  More interestingly, the periods following tend to be pleasant with a rising tide floating all boats.  I have some hope that my golden years may still fall largely within one of these periods.

I do have an unpleasant feeling that this time may be a little different since we seem to be at some 'peaks' in important things.  Like Martenson points out, we are at a unique point in human history where we our future will be one of making more with less in terms of energy...and is synonymous for all intents and purposes with a lot of other terms...like 'food', 'raw minerals', etc, etc.  That was not the case coming out of the 30's; at least not for the US.  In the back of my mind is the nagging feeling that a depopulation event is the most 'natural' and effective way that this marker will be approached.  I hope I am wrong as have been many people to this time.

[silverbox]

 In the back of my mind is the nagging feeling that a depopulation event is the most 'natural' and effective way that this marker will be approached.  I hope I am wrong as have been many people to this time.

Yup 20 years ago if you would have told me that the world would have been as calm as it has been the last 20 years I'd have laughed in your face.  I fully expected sthtf far worse then it actually has.  It makes me feel like being a bit more optimistic about things .

I just hope that this:



Doesn't turn into this:

[mb300sd]

I'm the perfect trading indicator... I sell, price goes up.

Going to try and manipulate the market now.

[Crypt_Current]

 In the back of my mind is the nagging feeling that a depopulation event is the most 'natural' and effective way that this marker will be approached.  I hope I am wrong as have been many people to this time.

Yup 20 years ago if you would have told me that the world would have been as calm as it has been the last 20 years I'd have laughed in your face.  I fully expected sthtf far worse then it actually has.  It makes me feel like being a bit more optimistic about things .

I just hope that this:



Doesn't turn into this:

A decline in human population does not necessarily imply that humans will die off -- it could implicate a quantum jump in evolution as well.

[miscreanity]

A decline in human population does not necessarily imply that humans will die off -- it could implicate a quantum jump in evolution as well.

I like the way you think

For the deflationists, no need to print. As I've said before, it's like a ratcheting action: there's only one direction to go, and no fixing what's been done. The consequences cannot be ignored.

[silverbox]

cypher's Rerack:

Bitcoin:  +27%

Gold:  -7%

Diff:  34% advantage Bitcoin

You forgot:

GLD 154

GPL 1.72



Cover that GLD yet?  I saw Big Ben in the stable looking over white horses..

[cypherdoc]

cypher's Rerack:

Bitcoin:  +27%

Gold:  -7%

Diff:  34% advantage Bitcoin

You forgot:

GLD 154

GPL 1.72



Cover that GLD yet?  I saw Big Ben in the stable looking over white horses..

you're right:

GLD:  -0.44%

GPL: -13%

no i didn't cover yet.  must admit; gold is hangin tough.  the real test starts now though as stocks resume the downtrend as we go into recession/depression. 

[cypherdoc]

Booyah Baby, Booyah.

[cypherdoc]

cypher's Rerack:

Gold:  -7%

Bitcoin:  +31%

Difference:  38% advantage Bitcoin.

[cypherdoc]

Buys=5x Asks 

[cypherdoc]

What's a gold bugs worst nightmare?  BITCOIN! 

[cypherdoc]

$7.454

[kentrolla]

cypher's Rerack:

Gold:  -7%

Bitcoin:  +31%

Difference:  38% advantage Bitcoin.

CYPHER WINS!!!!!!!!!!!!

[silverbox]

cypher's Rerack:

Gold:  -7%

Bitcoin:  +31%

Difference:  38% advantage Bitcoin.

CYPHER WINS!!!!!!!!!!!!

cypher wins when gold collapses..  Were pretty much all rooting for BTC .

[miscreanity]

What's a gold bugs worst nightmare?  BITCOIN! 

Ridiculous statement.

cypher wins when gold collapses..  Were pretty much all rooting for BTC .

Sensible statement.

The purely emotional hatred of gold from Bitcoiners is bewildering. Where is the rational thought?

Any further pressure in gold and silver will be unbelievably violent and short-lived; I wouldn't be surprised to see a trillion dollars dumped on the short side of gold in one day.

If you play precious metals based on fear or technical charts any shorter than monthly terms, you've already lost.

[notme]

What's a gold bugs worst nightmare?  BITCOIN! 

Ridiculous statement.

cypher wins when gold collapses..  Were pretty much all rooting for BTC .

Sensible statement.

The purely emotional hatred of gold from Bitcoiners is bewildering. Where is the rational thought?

Any further pressure in gold and silver will be unbelievably violent and short-lived; I wouldn't be surprised to see a trillion dollars dumped on the short side of gold in one day.

If you play precious metals based on fear or technical charts any shorter than monthly terms, you've already lost.

I don't hate gold, I just don't have any (well, 5x1 gr bars hardly counts) and don't see right now as a good starting position.

[bitcoinBull]

The purely emotional hatred of gold from Bitcoiners is bewildering. Where is the rational thought?

The rational thought is that money moves from gold into bitcoin. The only scenario I see gold out-performing bitcoin is one where the electric and internet grid go down. But even in that apocalyptic scenario, guns and bullets would be far more valuable than gold.

[cypherdoc]

What's a gold bugs worst nightmare?  BITCOIN! 

Ridiculous statement.

can someone help me find my picture of the bespectacled fat guy struggling with the huge gold rock?