miscreanity
Legendary
Offline
Activity: 1316
Merit: 1005
|
|
August 25, 2012, 10:04:37 PM |
|
It see with mixed emotions all the metal people on youtube getting all excited patting themselves on the back for having called bottoms and breakouts and talking about insane rallys to come in gold and silver. They seem absolutely certain that "this is it" and it will rocket to unknown new highs within the year and well beyond next year. Are these people being a bit emotional and getting carried away?
They remind me of myself when bitcoin is in a rally: I get all excited and sell all my fiat, thinking it'll go to the moon and telling everybody,... yet it never really does. The fundamentals are sound, but that alone doesn't merit a crazy exponential rally, which I'm secretly hoping for (officialy I want slow steady healthy increase)
Getting excited over price is one thing - watching the movement occurring in the background is another. The same applies to Bitcoin - price action has been all over the place, but sentiment toward the system has been gradually approaching wider acceptance. Price eventually follows reality - no matter how long it might take.
|
|
|
|
labestiol
|
|
August 25, 2012, 10:06:41 PM |
|
I admit my bitcoin performed much better when i bough at 8.8 and sold at 15. But my gold holdings are doing quite well; not collapsing.
its not over. Absolutely. The $3k level isn't far off, and that's just a stepping stone. It see with mixed emotions all the metal people on youtube getting all excited patting themselves on the back for having called bottoms and breakouts and talking about insane rallys to come in gold and silver. They seem absolutely certain that "this is it" and it will rocket to unknown new highs within the year and well beyond next year. Are these people being a bit emotional and getting carried away? I agree it's really too early to celebrate. And to be honnest early celebrations like that worry me. What's interesting is that there's been for example Bill Murphy from gata quoting "insider" sources doing bold (crazy ? stupid ?) predictions, like 100% upside in 90 days. ( link). And from what I know he's not a "gold to the moon tomorrow" kind of analyst. Time will tell I guess.
|
1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
August 25, 2012, 10:22:43 PM |
|
The Daaash for Digital Caaash!
|
|
|
|
MatthewLM
Legendary
Offline
Activity: 1190
Merit: 1004
|
|
August 25, 2012, 10:35:51 PM |
|
The fed will announce QE3 soon, though they might make up a new name for it. Gold prices will start a new run up to new highs over the next year.
|
|
|
|
miscreanity
Legendary
Offline
Activity: 1316
Merit: 1005
|
|
August 25, 2012, 10:46:52 PM |
|
The Daaash for Digital Caaash!
Where's the veeeeeeedeeeeee-oh?!
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
August 25, 2012, 10:57:08 PM |
|
The Daaash for Digital Caaash!
Where's the veeeeeeedeeeeee-oh?! shhhhhhhhh!
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
August 25, 2012, 10:57:59 PM |
|
oh my!
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
August 25, 2012, 11:02:58 PM |
|
|
|
|
|
paraipan
In memoriam
Legendary
Offline
Activity: 924
Merit: 1004
Firstbits: 1pirata
|
|
August 25, 2012, 11:15:54 PM |
|
This is more like it...
|
BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
August 25, 2012, 11:19:46 PM |
|
aw, you had to go and ruin it!
|
|
|
|
tvbcof
Legendary
Offline
Activity: 4732
Merit: 1277
|
|
August 26, 2012, 01:51:34 AM |
|
I admit my bitcoin performed much better when i bough at 8.8 and sold at 15. But my gold holdings are doing quite well; not collapsing.
its not over. You've been waiting a year for gold to collapse. I've been waiting a year for it to start it's next leg up. No joy for either of us yet. I can wait another year (or actually many) and I suppose you can also since unless you continue to hold a lot of short possitions, it's just a matter of the satisfaction of having a correct prediction and decent analytics abilities. Actually, if people have paid you for your advice, I suppose that it's also a matter of giving your clients their moneys-worth in your case as well.
|
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
|
|
|
silverbox
Legendary
Offline
Activity: 966
Merit: 1003
|
|
August 26, 2012, 03:07:53 AM |
|
This made me lol
|
|
|
|
miscreanity
Legendary
Offline
Activity: 1316
Merit: 1005
|
|
August 26, 2012, 05:59:30 AM |
|
Not surprisingly, the weekly data shows a screaming buy. Anything in the $8 range is a discount.
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
August 26, 2012, 07:01:30 AM |
|
The Daaash for Digital Caaash!
sssssshh, don't tell anyone!
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
August 26, 2012, 07:03:37 AM |
|
I admit my bitcoin performed much better when i bough at 8.8 and sold at 15. But my gold holdings are doing quite well; not collapsing.
its not over. Absolutely. The $3k level isn't far off, and that's just a stepping stone. It see with mixed emotions all the metal people on youtube getting all excited patting themselves on the back for having called bottoms and breakouts and talking about insane rallys to come in gold and silver. They seem absolutely certain that "this is it" and it will rocket to unknown new highs within the year and well beyond next year. Are these people being a bit emotional and getting carried away? I agree it's really too early to celebrate. And to be honnest early celebrations like that worry me. What's interesting is that there's been for example Bill Murphy from gata quoting "insider" sources doing bold (crazy ? stupid ?) predictions, like 100% upside in 90 days. ( link). And from what I know he's not a "gold to the moon tomorrow" kind of analyst. Time will tell I guess. Yeah, well. That guy is being quoted and interviewed all over the place because his source got the August breakout right. I wonder how many guys had sources that predicted something else. Distributed Nostradamus
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
silverbox
Legendary
Offline
Activity: 966
Merit: 1003
|
|
August 27, 2012, 12:54:53 AM |
|
That gold just won't stop.. This could be the start of a big run..
It'll probably spill over to BTC.. Well if we didn't have this pirate thing dragging it down..
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
August 27, 2012, 03:08:48 AM |
|
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
August 27, 2012, 04:28:58 AM |
|
looks to me like just about everyone around here has been shaken out...
|
|
|
|
sunnankar
Legendary
Offline
Activity: 1031
Merit: 1000
|
|
August 27, 2012, 04:29:59 AM |
|
looks to me like just about everyone around here has been shaken out...
Do shakers count?
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
August 27, 2012, 04:32:24 AM |
|
looks to me like just about everyone around here has been shaken out...
Do shakers count? hey, your velociraptors haven't caught me yet!
|
|
|
|
|