Gold collapsing. Bitcoin UP.

[cypherdoc]

Now at 1/10 the price of an ounce of gold.

Slowly but surely.

[1714020828]

1714020828

[1714020828]

1714020828

[1714020828]

1714020828

[1714020828]

1714020828

[cypherdoc]

where the hell is zerg?

what have i done?  he very well may be an unworthy caretaker of the Silverbox Update trolling device.  

[thezerg]

where the hell is zerg?

what have i done?  he very well may be an unworthy caretaker of the Silverbox Update trolling device.  

Sorry!  Always around but often unable to get on a real comp to run the script... Maybe I can set it up as an appengine so u can run it too

[cypherdoc]

where the hell is zerg?

what have i done?  he very well may be an unworthy caretaker of the Silverbox Update trolling device.  

Sorry!  Always around but often unable to get on a real comp to run the script... Maybe I can set it up as an appengine so u can run it too

hey, bearing the flag has never been an easy job.

get out your calculator/slide rule 

[Melbustus]

Now at 1/10 the price of an ounce of gold.

Slowly but surely.

Slowly? This is happening quite a bit faster than *I* anticipated, at least...

[cypherdoc]

Now at 1/10 the price of an ounce of gold.

Slowly but surely.

Slowly? This is happening quite a bit faster than *I* anticipated, at least...

this is true.

[thezerg]

At long last:

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin is 160.00.  Gold is 1582.00
Bitcoin: 2862.96%
Gold:    -6.39%
Diff:   3065% advantage Bitcoin and Growing

That's right, if you sold your gold and bought bitcoin you now have THIRTY TIMES the buying power of the goldbug who held...
To steal a Smoothie move, I'd just like to ask "how does it feel?" 

And friday was a big day for gold rallying almost 30 bucks... was that just a blip?  If we use the friday gold low and the bitcoin high of 162.50, the advantage increases to 3171%

[cypherdoc]

Diff:   3065% advantage Bitcoin and Growing

 

[ajk]

better buy gold soon though i am thinking its going to turn upwards from here,

majority in bitcoin though obviously

[cypherdoc]

Gold down.  Bitcoin UP.

Zerg?

[ineededausername]

Gold DOWN, Bitcoin UP!

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin hit 174.47.  Gold is 1578.90
Bitcoin: 3130.93%
Gold: -6.57%
Diff: 3358.13% advantage Bitcoin and Growing

That is a Pirate-level return on Bitcoin this year!  That's right, an average of around 6% a week!

I shudder to think how it would feel to have sold at $5, $10, $20, $40, $80, or even $140.

Up we go!

[cypherdoc]

Gold DOWN, Bitcoin UP!

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin hit 174.47.  Gold is 1578.90
Bitcoin: 3130.93%
Gold: -6.57%
Diff: 3358.13% advantage Bitcoin and Growing

That is a Pirate-level return on Bitcoin this year!  That's right, an average of around 6% a week!

I shudder to think how it would feel to have sold at $5, $10, $20, $40, $80, or even $140.

Up we go!

yes, let's make this an open source project.  PILE ON!

[paraipan]

Gold DOWN, Bitcoin UP!

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin hit 174.47.  Gold is 1578.90
Bitcoin: 3130.93%
Gold: -6.57%
Diff: 3358.13% advantage Bitcoin and Growing

That is a Pirate-level return on Bitcoin this year!  That's right, an average of around 6% a week!

I shudder to think how it would feel to have sold at $5, $10, $20, $40, $80, or even $140.

Up we go!

yes, let's make this an open source project.  PILE ON!

Gold DOWN, Bitcoin UP!

[oakpacific]

Gold DOWN, Bitcoin UP!

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin hit 174.47.  Gold is 1578.90
Bitcoin: 3130.93%
Gold: -6.57%
Diff: 3358.13% advantage Bitcoin and Growing

That is a Pirate-level return on Bitcoin this year!  That's right, an average of around 6% a week!

I shudder to think how it would feel to have sold at $5, $10, $20, $40, $80, or even $140.

Up we go!

How long had pirate operated his Ponzi? I figure that if someone has put his money in bitcoins at the 2011 bottom, or 2012 August bottom, he would get a pirate-level return per week on average.

[ineededausername]

Gold DOWN, Bitcoin UP!

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin hit 174.47.  Gold is 1578.90
Bitcoin: 3130.93%
Gold: -6.57%
Diff: 3358.13% advantage Bitcoin and Growing

That is a Pirate-level return on Bitcoin this year!  That's right, an average of around 6% a week!

I shudder to think how it would feel to have sold at $5, $10, $20, $40, $80, or even $140.

Up we go!

How long had pirate operated his Ponzi? I figure that if someone has put his money in bitcoins at the 2011 bottom, or 2012 August bottom, he would get a pirate-level return per week on average.

The scheme operated from November '11 to August '12, so Bitcoin has a much longer record of profits than the scam right now.

[thezerg]

Good Morning East Coast USA!!!  Gold down, bitcoin ATH!!!

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin is 190.00.  Gold is 1575.00
Bitcoin: 3418.52%
Gold:    -6.80%
Diff:   3675% advantage Bitcoin and Growing


(PS: I'm very happy for others to post the updates as well.  Esp tomorrow as I will be flying to San Fran)

[alexh]

So excited, gogo Bitcoin!

[Zangelbert Bingledack]

Diff:   3675% advantage Bitcoin and Growing

Jesus H

[Melbustus]

...tomorrow as I will be flying to San Fran)

You gonna stay for the conference? http://www.bitcoin2013.com/

[miscreanity]

A word of caution for those who have drunk the kool-aid and think it's going to become the dominant currency solution for the masses:  If it is tied up by a tiny minority of ultra-wealthy and if there is not distributive method (both of which seem inevitable), it very well may be the case that something else will come along which 'sells better' to the actual users.  That is my projection for the future of 'exchange currencies'.  If I am very lucky it may well capture a lasting segment of the 'reserve currency' market share.

The vast majority of gold is held by a tiny minority of ultra-wealthy. That didn't stop it from becoming the world's prime form of wealth storage. Keep in mind that there are numerous other forms of savings, including silver and other metals. Likewise, Bitcoin is not alone: it has a cast of several supporting cryptocurrencies, including Litecoin, PPcoin, and Ripple.

As for an industrial-scale distributive method, it exists in the usage of bitcoins as funding for business endeavors. Initially, a good amount of Bitcoin supply will flow to the top - a groundswell of acquisition. That will then follow a trickle-down pattern, coming to a more disbursed level of ownership to accompany existing supply already in place. The distribution issue shouldn't be a primary concern due to the divisibility of units.

Even with turbulence, I find it unlikely that Bitcoin will experience a crash going forward. With the Cyprus event and planned continuation of confiscation, there is now a race against time for Bitcoin to come out ahead of gold in public awareness. Whichever is the focus of people's wealth in a panic reaction will gain initial primacy. Bitcoin and cryptocurrencies will win out over the long-term, but it's still very possible for gold to experience a sudden revaluation. As awareness of gold's wealth protection spreads, the concept of Bitcoin will follow. Any attempt to confiscate or excessively tax gold will result in a shift toward cryptocurrencies by those unable to leave significant amounts of wealth sit in multiple jurisdictions.

If anything, it would likely be wise to not leave cryptocurrencies. Trade among them the way gold is traded on its ratio to silver and other precious monetary metals. In fact, the first exchange that can combine multiple cryptocurrency markets with the major precious metals would have a horde of investment inflow (GoldMoney?).