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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032123 times)
sunnankar
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March 06, 2013, 05:16:14 AM
 #4401

I'm guessing another day, another batch of wires processed in.

No, not just another day.

The rally since Jan has climbed the wall of worry and shaken out the weak hands.

The Namecheap announcement came out. The Bitcoin Store has announced it is keeping all the bitcoins received from transactions. Bitcoins are rapidly being vacuumed up. Kim Dotcom has started publicly talking about using Bitcoin.

The stage is set. The rocket is fueled. The countdown has started.

Where is the black swan? ETA is about right on time.

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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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sunnankar
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March 06, 2013, 06:43:04 AM
 #4402

Looks like there has been some intense action in the options markets.


cypherdoc (OP)
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March 06, 2013, 09:08:58 AM
 #4403

Gold down.  Bitcoin UP.
sunnankar
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March 06, 2013, 01:45:20 PM
 #4404

so what's happening in the morning?

I started the thread in Press since it is now public.

cypherdoc (OP)
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March 06, 2013, 02:07:19 PM
 #4405

so what's happening in the morning?

I started the thread in Press since it is now public.

Explain this to me.

Did Amazon have to approve this?   Or is it like Bit Central where the actual bank doesn't know about them?
cypherdoc (OP)
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March 06, 2013, 03:04:43 PM
 #4406

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):

Bitcoin:  +784%

Gold:  -7%

silverbox in big trouble.  plumbing new lows.

GPL:  -48% silverbox long


Diff:  +791% advantage Bitcoin
paraipan
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March 06, 2013, 04:13:40 PM
 #4407

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):

Bitcoin:  +784%

Gold:  -7%

silverbox in big trouble.  plumbing new lows.

GPL:  -48% silverbox long


Diff:  +791% advantage Bitcoin

Gold collapsing, Bitcoin UP ^ in case you guys didn't notice  Grin

BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
paraipan
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March 06, 2013, 07:47:31 PM
 #4408

Just found an interesting article, oldie but goodie...

http://www.stores.org/STORES%20Magazine%20June%202011/dash-digital-cash

BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
miscreanity
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March 06, 2013, 08:19:55 PM
 #4409

Gold collapsing, Bitcoin UP ^ in case you guys didn't notice  Grin

Gold still hasn't collapsed. Just because one asset outperforms another doesn't mean the sky is falling. Would you say a parent is collapsing just because his child is growing up?

Gold certainly hasn't broken out of historical range trends against oil or food, and its function as a method of savings is not failing. That dubious honor remains the realm of fiat.
keewee
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March 06, 2013, 08:22:16 PM
 #4410

Gold collapsing, Bitcoin UP ^ in case you guys didn't notice  Grin

Gold still hasn't collapsed. Just because one asset outperforms another doesn't mean the sky is falling. Would you say a parent is collapsing just because his child is growing up?

Gold certainly hasn't broken out of historical range trends against oil or food, and its function as a method of savings is not failing. That dubious honor remains the realm of fiat.

It sometimes feels this way  Undecided

1keewee2vRp63UWvPBynT55ZYw6SUCKDB
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March 06, 2013, 08:28:41 PM
 #4411

It sometimes feels this way  Undecided

Yup, going 100km/h can make 10km/h seem like going backward even though both are making progress. Perspective is a bitch, especially when illusions are involved...
cypherdoc (OP)
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March 06, 2013, 08:48:44 PM
 #4412

Just found an interesting article, oldie but goodie...

http://www.stores.org/STORES%20Magazine%20June%202011/dash-digital-cash

and here i thought i made it up  Wink
miscreanity
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March 07, 2013, 05:14:30 AM
 #4413

Bitcoin giveth, and Bitcoin taketh away.

Gold is seeming pretty safe about now. I don't see the block size as being a catastrophic limit, but it certainly helped add to the wild ride today.

The only way to go from here is more improvement.
Melbustus
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March 07, 2013, 06:01:12 AM
 #4414

Just found an interesting article, oldie but goodie...

http://www.stores.org/STORES%20Magazine%20June%202011/dash-digital-cash


Quote
...customers can point their BlackBerry or iPhone at a POS station...

What's a "BlackBerry" ?

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
thefiniteidea
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March 07, 2013, 12:51:00 PM
 #4415

Just found an interesting article, oldie but goodie...

http://www.stores.org/STORES%20Magazine%20June%202011/dash-digital-cash


Quote
...customers can point their BlackBerry or iPhone at a POS station...

What's a "BlackBerry" ?
dishwara
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March 07, 2013, 03:58:23 PM
 #4416

Just found an interesting article, oldie but goodie...

http://www.stores.org/STORES%20Magazine%20June%202011/dash-digital-cash


Quote
...customers can point their BlackBerry or iPhone at a POS station...

What's a "BlackBerry" ?


Very tasty.
Jay_Pal
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March 07, 2013, 04:18:09 PM
 #4417

Won't the POS station get messed up by pointing this berry at her?
It's one of the hardest stains to remove!!!

Best faucet EVER! - Freebitco.in
Don't Panic... - 1G8zjUzeZBfJpeCbz1MLTc6zQHbLm78vKc
Why not mine from the browser?
LightRider
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March 08, 2013, 11:42:12 PM
 #4418


Advocate for and invest in a resource based economy.

Bitcoin combines money, the wrongest thing in the world, with software, the easiest thing in the world to get wrong.
Visit www.thevenusproject.com and www.theZeitgeistMovement.com.
Mike Christ
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March 08, 2013, 11:43:09 PM
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Advocate for and invest in a resource based economy.

+1

majamalu
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March 11, 2013, 02:08:29 PM
 #4420

 Shocked  Where's cypherdoc?

http://elbitcoin.org - Bitcoin en español
http://mercadobitcoin.com - MercadoBitcoin
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