Gold collapsing. Bitcoin UP.

[labestiol]

ok, lets do this.  i bet you 1 BTC it will hit 1751 before it hits 1793.  how's that?

Nah, I don't think it's a good bet. It can easily hit 1751, especially with tonight close
I was more thinking about a close over 1793 before year's end. How's that ?

btw you might have a bad influence on me, I'll probably swap some pm into btc soon. Blasphemy ! 

we already have the 1500/1900 symmetrical bet so i was thinking of another one since 1793 has special importance for me.  its a good thing you disappeared when i proposed that at 1772 since we almost hit 1750 today. 

20$ swings can happen so fast in this markets, I would have refused even if I saw your message at 1770. Especially with resistance at 1793 I don't think it is profitable for me to bet on that
The fact which made me want to bet again was that you think 1793 is a top which won't be breached, so a bet that it'll be breached before year's end makes sense.

[Dusty]

Lack of fiat is an ongoing problem. Getting worse, too.

QE3 is addressing it, for someone.

At the expense of all the others (us)...

[Severian]

QE3 is addressing it, for someone.
At the expense of all the others (us)...

It defies logic.

"What? Our unit of account is dropping in value? Better make more of it!"

[labestiol]

QE3 is addressing it, for someone.
At the expense of all the others (us)...

It defies logic.

"What? Our unit of account is dropping in value? Better make more of it!"

Again, a weak dollar is the goal.

"What ? Our debt is gigantic and foreigners are still accepting our paper like it's gold ? Better make more of it !"
Makes a lot more sense now does it ?

[Severian]

Again, a weak dollar is the goal.

"What ? Our debt is gigantic and foreigners are still accepting our paper like it's gold ? Better make more of it !"
Makes a lot more sense now does it ?

That's their rationale. Mine was the unintended consequence that the Keynesian blindspot misses.

What originally attracted me to bitcoin was that it solved the supply problem. I'm very curious to see if the feedback loop for velocity and nominal value will hold up if bitcoin hits some kind of critical mass.

[cypherdoc]

ok, lets do this.  i bet you 1 BTC it will hit 1751 before it hits 1793.  how's that?

Nah, I don't think it's a good bet. It can easily hit 1751, especially with tonight close
I was more thinking about a close over 1793 before year's end. How's that ?

btw you might have a bad influence on me, I'll probably swap some pm into btc soon. Blasphemy ! 

no, b/c that resistance level is more than offset by "momentum".  i'm the one standing in front of the train.

we're back where we were yesterday.  offer is still on.

[silverbox]

ok, lets do this.  i bet you 1 BTC it will hit 1751 before it hits 1793.  how's that?

Nah, I don't think it's a good bet. It can easily hit 1751, especially with tonight close
I was more thinking about a close over 1793 before year's end. How's that ?

btw you might have a bad influence on me, I'll probably swap some pm into btc soon. Blasphemy ! 

no, b/c that resistance level is more than offset by "momentum".  i'm the one standing in front of the train.

we're back where we were yesterday.  offer is still on.

I'll bet you 1 btc that gold will hit 1793 before 1751.

[cypherdoc]

ok, lets do this.  i bet you 1 BTC it will hit 1751 before it hits 1793.  how's that?

Nah, I don't think it's a good bet. It can easily hit 1751, especially with tonight close
I was more thinking about a close over 1793 before year's end. How's that ?

btw you might have a bad influence on me, I'll probably swap some pm into btc soon. Blasphemy ! 

no, b/c that resistance level is more than offset by "momentum".  i'm the one standing in front of the train.

we're back where we were yesterday.  offer is still on.

I'll bet you 1 btc that gold will hit 1793 before 1751.

this is btwn labestiol and me.  he offered the bet yesterday and i'm just responding to him.

[silverbox]

ok, lets do this.  i bet you 1 BTC it will hit 1751 before it hits 1793.  how's that?

Nah, I don't think it's a good bet. It can easily hit 1751, especially with tonight close
I was more thinking about a close over 1793 before year's end. How's that ?

btw you might have a bad influence on me, I'll probably swap some pm into btc soon. Blasphemy ! 

no, b/c that resistance level is more than offset by "momentum".  i'm the one standing in front of the train.

we're back where we were yesterday.  offer is still on.

I'll bet you 1 btc that gold will hit 1793 before 1751.

this is btwn labestiol and me.  he offered the bet yesterday and i'm just responding to him.

lol, ok.

[labestiol]

ok, lets do this.  i bet you 1 BTC it will hit 1751 before it hits 1793.  how's that?

Nah, I don't think it's a good bet. It can easily hit 1751, especially with tonight close
I was more thinking about a close over 1793 before year's end. How's that ?

btw you might have a bad influence on me, I'll probably swap some pm into btc soon. Blasphemy !  

no, b/c that resistance level is more than offset by "momentum".  i'm the one standing in front of the train.

we're back where we were yesterday.  offer is still on.

Now that we're back at 1770, at least you can be sure that I'm not just refusing your bet because the action goes in your favor.
But I'm still not taking the bet. The train might stop, go back 1 or 2 stations before going to the next station.
Betting on a 1% variation up or down is just too high variance (too much luck, not enough skill) to me, I'm not that much of a gambler.

[BitTech]

oh no! better panic sell some of my watches 

[cypherdoc]

The Daaash for ______ ____!

[cypherdoc]

[silverbox]

[cypherdoc]

hey old man.  just get out your reading glasses! 

[cypherdoc]

[steamboat]

is that a rocket made out of yarn?

[cypherdoc]

is that a rocket made out of yarn?

lol, yep.  any rocket will do.

[cypherdoc]

[cypherdoc]

Update:

Bitcoin:  up 134%

Gold:  up 5%

Difference:  129% advantage Bitcoin and growing.