cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
November 27, 2013, 03:19:27 PM |
|
Gold, here we come.
|
|
|
|
|
|
|
|
Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
thezerg
Legendary
Offline
Activity: 1246
Merit: 1010
|
|
November 27, 2013, 04:11:33 PM |
|
the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4): Bitcoin is 1030.00 (5792.00 btcChina in USD). Gold is 1269.00. Nasdaq is 3983.00 Bitcoin: 18974.07% (107159.26%) Gold: -24.91% Nasdaq: 30.38% Gold Diff: 25302% advantage Bitcoin Nasdaq Diff: 14530% advantage Bitcoin
|
|
|
|
oakpacific
|
|
November 27, 2013, 04:27:59 PM |
|
Since we have quite a few ex-PM bugs here, can you guys please make an estimation of the percentage of gold/silver used as currency to those used for other purposes?
|
|
|
|
wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
|
|
November 27, 2013, 04:31:37 PM |
|
Since we have quite a few ex-PM bugs here, can you guys please make an estimation of the percentage of gold/silver used as currency to those used for other purposes?
Store of value of gold must be >99% I would say. Silver is different.
|
|
|
|
|
dnaleor
Legendary
Offline
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
|
|
November 27, 2013, 05:09:18 PM |
|
Today too bad for rule §2... You can not guess "today" or "tomorrow" But i must admit, it is very possible!
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
November 27, 2013, 06:12:43 PM |
|
pure and utter misery:
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
November 27, 2013, 08:15:49 PM |
|
Gold collapsing. Bitcoin UP.
|
|
|
|
jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
|
|
November 27, 2013, 08:18:55 PM |
|
brutal
|
This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable. Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
November 27, 2013, 08:22:43 PM |
|
brutal
me or the reality of the situation?
|
|
|
|
jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
|
|
November 27, 2013, 08:30:22 PM |
|
both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
|
This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable. Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
November 27, 2013, 08:33:51 PM |
|
both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
you're welcome.
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
November 27, 2013, 08:33:55 PM |
|
both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver?
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
lebing
Legendary
Offline
Activity: 1288
Merit: 1000
Enabling the maximal migration
|
|
November 27, 2013, 08:39:25 PM |
|
both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver? I dont know - somehow 6 billion moving into an asset over the course of a few months makes it hard for me to call that asset negligible in comparison to anything
|
Bro, do you even blockchain? -E Voorhees
|
|
|
vokain
Legendary
Offline
Activity: 1834
Merit: 1019
|
|
November 27, 2013, 08:42:33 PM |
|
both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver? maybe not too much now but there will be a time where capital flight to crypto is a lot more substantial
|
|
|
|
tvbcof
Legendary
Offline
Activity: 4592
Merit: 1276
|
|
November 27, 2013, 08:45:44 PM |
|
both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver? I used to take this contention (PM's massively dwarf crypto-currencies in terms of value flow) on faith, but lately I'm of the mind that it should be analyzed a little more carefully. Of course I've been to lazy to run the actual numbers...if I can even avoid the garbage-in/gabage-out problem anyway. And even if it is not currently the case that CC's are having a significant effect, it looks more and more like it could be going forward. This would actually be a very welcome development for me since I'm planning a re-balance. That is to say, I might benefit doubly if/when I make an adjustment from CC's to PM's.
|
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
|
|
|
Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
|
|
November 27, 2013, 08:52:14 PM |
|
both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver? I used to take this contention (PM's massively dwarf crypto-currencies in terms of value flow) on faith, but lately I'm of the mind that it should be analyzed a little more carefully. Of course I've been to lazy to run the actual numbers...if I can even avoid the garbage-in/gabage-out problem anyway. And even if it is not currently the case that CC's are having a significant effect, it looks more and more like it could be going forward. This would actually be a very welcome development for me since I'm planning a re-balance. That is to say, I might benefit doubly if/when I make an adjustment from CC's to PM's. I think it might be more psychological than purely money moving from one asset to the other. Gold's monetary value was (by the sound money people) perceived as "a sure thing". A number of them are now starting to doubt. That may decrease their willingness to put extra fiat into it.
|
|
|
|
User705
Legendary
Offline
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
|
|
November 27, 2013, 09:36:53 PM |
|
Not so much doubting gold as a "sure thing" but I think it's the realization that the PM market was and is still heavily manipulated by fiat. Bitcoin has a much faster correction mechanism in place currently. It'll be interesting to see how that evolves in the future.
|
|
|
|
jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
|
|
November 27, 2013, 09:43:50 PM |
|
I am of the opinion that the barbarous relics have a very important role to play going forward. Once Bitcoin destroys the fiat ponzi we can have true price discovery for PMs.
|
This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable. Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
|
|
|
jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
|
|
November 27, 2013, 09:58:53 PM |
|
hey goat, you made it
the wall thread was speculating that you might have suffered a fatal orgasm with this morning's LTC spike
|
This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable. Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
|
|
|
|