Gold collapsing. Bitcoin UP.

[sunnankar]

Bitcoin collapsing. Litecoin UP.

that IS funny. 

People should keep in mind that mark-to-market is not mark-to-value.

[oakpacific]

Bitcoin collapsing. Litecoin UP.

that IS funny. 

People should keep in mind that mark-to-market is not mark-to-value.

Yeah, bitcoin stable, my dick up.

[World]

How to stop manipulation in bitcoin price in the future?
http://www.huffingtonpost.com/2013/03/14/gold-libor-scandal_n_2878008.html?ref=topbar

[notme]

How to stop manipulation in bitcoin price in the future?
http://www.huffingtonpost.com/2013/03/14/gold-libor-scandal_n_2878008.html?ref=topbar

It is a lot easier, cheaper, and faster to demand delivery of bitcoin than gold.

[sunnankar]

How to stop manipulation in bitcoin price in the future?
http://www.huffingtonpost.com/2013/03/14/gold-libor-scandal_n_2878008.html?ref=topbar

It is a lot easier, cheaper, and faster to demand delivery of bitcoin than gold.

Exactly. If people are not aware of GATA, which accepts Bitcoins, then they should watch this trailer from 2005 to start.

[cypherdoc]

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

Bitcoin:  +863%

Gold:  -5%

GPL:  -32% silverbox long

Diff:  +868% advantage Bitcoin and growing

[cypherdoc]

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

Bitcoin:  +938%

Gold:  -5%

GPL:  -33% silverbox long

Diff:  +943% advantage Bitcoin and growing

[Spaceman_Spiff]

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

Bitcoin:  +938%

Gold:  -5%

GPL:  -33% silverbox long

Diff:  +943% advantage Bitcoin and growing

Almost time to open the champagne for 1000%

[cypherdoc]

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

Bitcoin:  +1111%

Gold:  -5%

GPL:  -33% silverbox long

Diff:  +1116% advantage Bitcoin and growing

[thoughtfan]

Almost time to open the champagne for 1000%

Well you could open one for Bitcoin surpassing the gold price per gram in the meantime

[cypherdoc]

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

Bitcoin:  +1048%

Gold:  -5%

GPL:  -33% silverbox long

Diff:  +1051% advantage Bitcoin and growing

[rpietila]

Umm.. sorry to disturb, but:

why was it gold, that you are denominating bitcoin in? Why not silver, or stocks, or RE?

[Spaceman_Spiff]

Umm.. sorry to disturb, but:

why was it gold, that you are denominating bitcoin in? Why not silver, or stocks, or RE?

Did you read the thread title?

Yeah, I still think gold being down 6% percent isn't really collapsing, but hey, bitcoin being UP is quite the understatement 

[cypherdoc]

Umm.. sorry to disturb, but:

why was it gold, that you are denominating bitcoin in? Why not silver, or stocks, or RE?

From day 1, Bitcoin was designed to mimic the characteristics of gold, the one and only true money, heretofore. 

That, plus the fact I sold 90-95% of my gold in August 2011 in exchange for Bitcoin is why I compare them here.  If I compared Bitcoin to silver, the blowout would be even more extreme.

[molecular]

Umm.. sorry to disturb, but:

why was it gold, that you are denominating bitcoin in? Why not silver, or stocks, or RE?

cypherdoc, the creator of this thread sold most of his metal (correct me if I'm wrong) in 2011 swapping it for bitcoins. He has been "propagandizing" that bitcoin would outperform gold and has substantial (in my mind) arguments. Some of them are contained in this article: http://web.archive.org/web/20120403154846/http://bitcoinmedia.com/bitcoin-vs-metals

I think cyperhdoc had mostly gold and less other metals. That probably answers the question?

[cypherdoc]

Umm.. sorry to disturb, but:

why was it gold, that you are denominating bitcoin in? Why not silver, or stocks, or RE?

cypherdoc, the creator of this thread sold most of his metal (correct me if I'm wrong) in 2011 swapping it for bitcoins. He has been "propagandizing" that bitcoin would outperform gold and has substantial (in my mind) arguments. Some of them are contained in this article: http://web.archive.org/web/20120403154846/http://bitcoinmedia.com/bitcoin-vs-metals

I think cyperhdoc had mostly gold and less other metals. That probably answers the question?

wow, i'd forgotten about that one. was it a whole year ago?  thanks for linking that.

[miscreanity]

Sinclair has very nicely explained how money that has already been created cannot be destroyed or recycled in the current environment. Physical gold will not collapse; it's simply rising at a slower rate than Bitcoin.

As for the Bit, FinCEN's guidelines have opened the door for absolute mayhem. Big banks with existing licenses can now capitalize on Bitcoin while boxing out US-based upstart competition.

The Bitcoin economy in general will adapt to deny regulatory impact. Demand to acquire before full regulation may push bitcoins into Giffen good status, propelling valuation to extreme levels that will not come back down.

Finally, cryptocurrencies in general have now been granted official approval. An entire ecosystem explosion is now imminent.

[Melbustus]

Sinclair has very nicely explained how money that has already been created cannot be destroyed or recycled in the current environment. Physical gold will not collapse; it's simply rising at a slower rate than Bitcoin.

As for the Bit, FinCEN's guidelines have opened the door for absolute mayhem. Big banks with existing licenses can now capitalize on Bitcoin while boxing out US-based upstart competition.

The Bitcoin economy in general will adapt to deny regulatory impact. Demand to acquire before full regulation may push bitcoins into Giffen good status, propelling valuation to extreme levels that will not come back down.

Finally, cryptocurrencies in general have now been granted official approval. An entire ecosystem explosion is now imminent.

Your sig is starting to look pretty conservative.

[yokosan]

Sinclair has very nicely explained how money that has already been created cannot be destroyed or recycled in the current environment. Physical gold will not collapse; it's simply rising at a slower rate than Bitcoin.

As for the Bit, FinCEN's guidelines have opened the door for absolute mayhem. Big banks with existing licenses can now capitalize on Bitcoin while boxing out US-based upstart competition.

The Bitcoin economy in general will adapt to deny regulatory impact. Demand to acquire before full regulation may push bitcoins into Giffen good status, propelling valuation to extreme levels that will not come back down.

Finally, cryptocurrencies in general have now been granted official approval. An entire ecosystem explosion is now imminent.

[oakpacific]

Umm.. sorry to disturb, but:

why was it gold, that you are denominating bitcoin in? Why not silver, or stocks, or RE?

cypherdoc, the creator of this thread sold most of his metal (correct me if I'm wrong) in 2011 swapping it for bitcoins. He has been "propagandizing" that bitcoin would outperform gold and has substantial (in my mind) arguments. Some of them are contained in this article: http://web.archive.org/web/20120403154846/http://bitcoinmedia.com/bitcoin-vs-metals

I think cyperhdoc had mostly gold and less other metals. That probably answers the question?

Besides, there was this guy called silverbox trying to ridicule his decision, thus the never-ending retailation.