Gold collapsing. Bitcoin UP.

[myself]

I say: how about a Gold (or silver)-backed debit card and an offshore account in a bank who does not fractional reserve with very low costs, owned by one of the most respected precious metals guys around, available only to non-US citizens?
Check out my link: http://tinyurl.com/astnu2j

so you want to earn the 50$ commission for each new client, Peter is awesome, is sad that US citizens are banned from that service because of retarded regulations

[1714124635]

1714124635

[1714124635]

1714124635

[conspirosphere.tk]

so you want to earn the 50$ commission for each new client, Peter is awesome, is sad that US citizens are banned from that service because of retarded regulations

Hey, I am not Santa. Why the hassle to spread useful info for nothing?
Anyway I know them since I am opening an account myself there, and in any case I do not spam shit that I don't believe in.

[myself]

so you want to earn the 50$ commission for each new client, Peter is awesome, is sad that US citizens are banned from that service because of retarded regulations

Hey, I am not Santa. Why the hassle to spread useful info for nothing?
Anyway I know them since I am opening an account myself there, and in any case I do not spam shit that I don't believe in.

ofc you are not santa, 50 usd is a nice affiliate commission but this is a quite hard product to sell since most ppl who can open a account are outside US and US population is more used to buy or hold gold compared to EU 

[cypherdoc]

so you want to earn the 50$ commission for each new client, Peter is awesome, is sad that US citizens are banned from that service because of retarded regulations

Hey, I am not Santa. Why the hassle to spread useful info for nothing?
Anyway I know them since I am opening an account myself there, and in any case I do not spam shit that I don't believe in.

isn't Euro Pacific Peter Schiff's gig?  gold is getting old.

[conspirosphere.tk]

isn't Euro Pacific Peter Schiff's gig?  gold is getting old.

Yes, and yes, maybe 5,000 years old. That's why many likes it worldwide, not just USAian gold bugs.
BTW: that restriction is just another little alarm bell that says "get the hell out of Dodge until you can".

[edit] speaking of alarm bells: Department Of Homeland Security to Scan Payment Cards at Borders and Airports

United States have long had to declare aggregated cash and other monetary instruments exceeding $10,000. Now, under a proposed amendment to the Bank Secrecy Act, FinCEN (Financial Crimes Enforcement Network) will also require travelers to declare the value of prepaid cards that they are carrying, known now as “tangible prepaid access devices.”

Expected to be finalized by the end of this year, the cross-border reporting modifications stem from a broader October 2011 definition of payment methods and form factors that replaced the term “stored value” with the term “prepaid access” in an effort to more accurately describe the process of accessing funds held by a payment provider. http://www.forbes.com/sites/jonmatonis/2012/11/07/department-of-homeland-security-to-scan-payment-cards-at-borders-and-airports/

[molecular]

isn't Euro Pacific Peter Schiff's gig?  gold is getting old.

Yes, and yes, maybe 5,000 years old. That's why many likes it worldwide, not just USAian gold bugs.
BTW: that restriction is just another little alarm bell that says "get the hell out of Dodge until you can".

[edit] speaking of alarm bells: Department Of Homeland Security to Scan Payment Cards at Borders and Airports

United States have long had to declare aggregated cash and other monetary instruments exceeding $10,000. Now, under a proposed amendment to the Bank Secrecy Act, FinCEN (Financial Crimes Enforcement Network) will also require travelers to declare the value of prepaid cards that they are carrying, known now as “tangible prepaid access devices.”

Expected to be finalized by the end of this year, the cross-border reporting modifications stem from a broader October 2011 definition of payment methods and form factors that replaced the term “stored value” with the term “prepaid access” in an effort to more accurately describe the process of accessing funds held by a payment provider. http://www.forbes.com/sites/jonmatonis/2012/11/07/department-of-homeland-security-to-scan-payment-cards-at-borders-and-airports/

I guess my brain would count as a "tangible prepaid access device" in case I remembered for example an electrum seed or other seed/key (brainwallet)?

[conspirosphere.tk]

I guess my brain would count as a "tangible prepaid access device" in case I remembered for example an electrum seed or other seed/key (brainwallet)?

Don't tell them or they will seize it at the border.

[tvbcof]

i have a new slogan:

Bitcoin UP, everything else DOWN.

I like 'collapsing' better than 'down'.  And as a bonus, it is antagonistic enough to create 182-page threads even as a demonstrably inaccurate characterization.

[miscreanity]

Just to be absolutely clear, out of coins means out of coins.    We are out, out, out. 

We are getting a lot of PO requests.  I understand price is moving and people want to double, triple, quadruple check in a hope against hope that there is a chance to get a buy order in.  However we got no hidden bitcoins in the couch cushions.  No disrespect intended but OUT means OUT and it is a busy day so we may not be able to respond to all PO requests (just to say, "nope we really are out").

Thanks,

Support

Tangible Cryptography

This is the same thing that's happening with gold, silver, and numerous other real assets. In addition to the visible volume at the familiar channels, there is high volume accumulation occurring through private exchange methods. What can't be seen is often more important than what can.

If Gox is representative of less than 80% and TC is the #2/3 exchange by volume, that means supply is short and demand is high. There's also no way of knowing how many local exchangers are conducting transactions at high capacity and/or volume. The effects of OTC and dark pools are not immediately apparent, and when they finally do manifest, the changes can be... substantial.

Gold at $3,000+ and Bitcoin over $30? Easily possible, even highly likely. The question remains: which one first?

[thirdchance57]

there are still many old geezers with wealth that will be hesitant to accept change. like my dad... he is scared of it, cuz he doesnt understand it. its gonna take some time for people to see the value and accept it.

but its happening now people are accepting it...
the 6month and 1year chart of btc look healthy. if we continue this trend btc will be 20 dollars + this time next year.

[molecular]

Just to be absolutely clear, out of coins means out of coins.    We are out, out, out.  

We are getting a lot of PO requests.  I understand price is moving and people want to double, triple, quadruple check in a hope against hope that there is a chance to get a buy order in.  However we got no hidden bitcoins in the couch cushions.  No disrespect intended but OUT means OUT and it is a busy day so we may not be able to respond to all PO requests (just to say, "nope we really are out").

Thanks,

Support

Tangible Cryptography

This is the same thing that's happening with gold, silver, and numerous other real assets. In addition to the visible volume at the familiar channels, there is high volume accumulation occurring through private exchange methods. What can't be seen is often more important than what can.

If Gox is representative of less than 80% and TC is the #2/3 exchange by volume, that means supply is short and demand is high. There's also no way of knowing how many local exchangers are conducting transactions at high capacity and/or volume. The effects of OTC and dark pools are not immediately apparent, and when they finally do manifest, the changes can be... substantial.

Gold at $3,000+ and Bitcoin over $30? Easily possible, even highly likely. The question remains: which one first?

I've been thinking: A high volume of transactions can be made off-gox so to speak. If you have enough funds, why not for example push the price down on gox (for example push down $1 costing you -say- BTC 50,000) and keep it there for a day while acquiring BTC 100,000 off-gox first, then the rest on mtgox itself to drive price back up again to roughly where you started, then slowly sell if you want to get back to your same level of fiat => you have more bitcoins now: profit.

[Stephen Gornick]

keep it there for a day while acquiring BTC 100,000 off-gox first,

If someone is to pay you 100K BTC, it doesn't matter what the exchange rate is, you get 100K either way.   Did you mean manipulate down the exchange rate and then lock in the BTC price of a USD-based trade (at the lower exchange rate, thus a higher quantity)?

This is the same thing that's happening with gold, silver, and numerous other real assets.

I just saw that in two places.  One here:

Seems the mint is not accepting new orders now,

And that's just for a 1 gram silver coin.

[molecular]

keep it there for a day while acquiring BTC 100,000 off-gox first,

If someone is to pay you 100K BTC, it doesn't matter what the exchange rate is, you get 100K either way.   Did you mean manipulate down the exchange rate and then lock in the BTC price of a USD-based trade (at the lower exchange rate, thus a higher quantity)?

I'm not sure. What I meant was: push down mtgox-price by selling btc on mtgox (everyone still looks at mtgox for price), then wait for "crowd to accept new price" and buy btc as much as you can on intersango, bitcoin.de, localbitcoins.com, #bitcoin-otc, and any other place that doesn't subsequently run to gox to re-buy what they just sold to you, so without moving mtgox price up again (keep mtgox low by selling more BTC on mtgox if necessary).

After you've done your shopping, let the mtgox market correct to original price (hope it doesn't stick at the lower price)

[phr33]

i have a new slogan:

Bitcoin UP, everything else DOWN.

Even USD?

[S3052]

i have a new slogan:

Bitcoin UP, everything else DOWN.

Even USD?

No, Bitcoin UP, USD UP, Volatility UP
everything else DOWN

[cypherdoc]

i have a new slogan:

Bitcoin UP, everything else DOWN.

Even USD?

yeah, i knew somebody would ask me that...that part of my thesis hasn't changed either.  USD up.

[miscreanity]

I'm not sure. What I meant was: push down mtgox-price by selling btc on mtgox (everyone still looks at mtgox for price), then wait for "crowd to accept new price" and buy btc as much as you can on intersango, bitcoin.de, localbitcoins.com, #bitcoin-otc, and any other place that doesn't subsequently run to gox to re-buy what they just sold to you, so without moving mtgox price up again (keep mtgox low by selling more BTC on mtgox if necessary).

After you've done your shopping, let the mtgox market correct to original price (hope it doesn't stick at the lower price)

Yes, that's the potential. Official price pushed down; actual supply obtained through alternative methods at a discount, leading to shortages. Whether any large interests are doing it, and to what extent, can be very difficult to ascertain.

• Beat the grass to startle the snakes (everyone selling on a waterfall price decline).
• As selling volume rises, start buying back
• Wait patiently for price to rise above the average buy cost
• Repeat until failure, then retreat to a higher price point where the process can be restarted

There is key resistance at about $12.60 which, once broken, will result in a quick ride to the $15 level. I expect significant resistance there, but with increasing demand it should fall relatively quickly, perhaps within a month or two. After the $15 point, there really isn't much but air to the 2011 bubble highs. A doubling would be nice to see, and since momentum almost invariably overshoots, we might see as much as 20-30% higher than $30 per bitcoin before it falls back to retest the breakout.

Only two things are holding back Bitcoin right now: general awareness, and ease-of-use. When those start to fall, whether the network is capable of handling it or not, growth will be more explosive than the wild ride in 2011. Bitcoin is certainly the ideal vehicle for this kind of activity now, but anyone who thinks it's the only asset these kind of events will occur in needs to think again.

[cypherdoc]

but anyone who thinks it's the only asset these kind of events will occur in needs to think again.

there's my cue.  problem is, every time i start thinking about this i arrive at the same conclusion.  there will be only ONE Big Kahuna in this day and digital age.

[bracek]

but what about possible hostile legislation ?

if BTC is declared a terrorist tool, or money laundering vehicle, or whatnot ?

threat of this is the biggest weight against price explosion, imo.

[cypherdoc]

i don't think they will.  the cats out of the bag.  legislators only legislate that which they think has a good chance to succeed, not embarrass them.  don't point to drugs as a counter example of this; everyone knows drugs are bad for you.  not so with Bitcoin.