Gold collapsing. Bitcoin UP.

[oakpacific]

the world has changed forever.

goodbye gold.

When bitstamp and other exchanges hit it I'll be on the train here. Gox prices are at this point irrelevant to me. Just funny munny sloshing around in their platform.

In any case we are on the cusp of all exchanges hitting that parity point. That is when the TRUE price (in my view) hits parity.

Yes, you are correct about gox. But the media doesn't care, they use gox because it's highest and they want the headlines first.

Of course all this is arbitrary (1 oz vs 1 BTC, 21 million supply vs gold supply). "Market cap" is much more meaningful and for Bitcoin to reach parity with golds value in that category will take a little more time to achieve...

What a great story, though.

Gold collapsing, Bitcoin UP.

A place to watch for carefully should be the PM ETF market, they seem to have no reason to exist anymore, or should be totally decentralized and utilize the blockchain as trading vehicle, as unlike stocks, anyone holding PMs should not need anyone's approval to trade them.

[1713436152]

1713436152

[rpietila]

No matter what bitcoin does or becomes congratulations are certainly due to cypherdoc on the call.

+1.

[kehtolo]

No matter what bitcoin does or becomes congratulations are certainly due to cypherdoc on the call.

+1.

+2

[dnaleor]

No matter what bitcoin does or becomes congratulations are certainly due to cypherdoc on the call.

+1.

+2

I did not read the whole topic (just bits an pieces). What was his call?
edit: and when did he posted the call?

[oakpacific]

No matter what bitcoin does or becomes congratulations are certainly due to cypherdoc on the call.

+1.

+2

I did not read the whole topic (just bits an pieces). What was his call?
edit: and when did he posted the call?

The guy sold nearly his entire gold/silver stock (hundreds of ounces of gold or something like that) to get in Bitcoin, in the middle of 2011, you do the math.....

[dozerz]

so when to buy back into gold with bitcoin? or has this thread proven to stick with bitcoin?

[Miz4r]

Gold is outdated. Nice for jewelry but not much else. Time to move on. 

[vokain]

Please, can someone post that picture of the huge lump of gold again?

[notme]

Just search this thread for "looks heavy"

[notme]

be honest, who has recently, or will soon add to their silver or gold collection?


(i did! )      sold a few LTC at $45 to cover it.

I'm tempted to move from a few g of gold to a few oz.  LTC seems like a good place to get those funds if it stays up until I get home from Thanksgiving travels.

[jojo69]

be honest, who has recently, or will soon add to their silver or gold collection?

fiat has been a little scarce around here, but yeah, a bit

[dozerz]

be honest, who has recently, or will soon add to their silver or gold collection?


(i did! )      sold a few LTC at $45 to cover it.

it pays to diversify, always nice holding some precious metal if you cant hold a bitcoin (except for casascius coins )

[dnaleor]

be honest, who has recently, or will soon add to their silver or gold collection?


(i did! )      sold a few LTC at $45 to cover it.

muh, I have put my last spare fiat 2 months ago in 25 oz silver. I was, at that moment, doubting if this was a good idea. I was thinking, maybe I should buy 5 BTC with this money.

I still regret that purchase  

[Spaceman_Spiff]

I am curious whether bitcoin people that are also into PMs now generally prefer gold or silver.  

I know silver tends to be the more volatile version of gold, so if you expect gold to go down, silver could go down harder.

But as a hedge against crypto-failure or just because some people might always want something solid in their hands, silver somehow makes more sense to me in a world in which cryptos are competing for sound money status, because of its lower amount of "moneyness", and greater amount of industrial usage.

[jojo69]

I believe silver has enormous upside myself.  I expect to witness the ratio return to the 16:1 area.

[rpietila]

be honest, who has recently, or will soon add to their silver or gold collection?


(i did! )      sold a few LTC at $45 to cover it.

My purchase of 150kg of silver was in September. Guess it cost me a whole lot BTC's...

In the future, silver is still my favorite over gold, but I don't know where to get enough of it

[cypherdoc]

thanks for the kudos guys.

i really don't have anything profound to say except that it's been a long, hard journey though there has never been any question in my mind this would happen.  it's great to see Bitcoin coming into its own and i believe we've only just gotten started. the next task is for all the exchanges to get up and over the top of gold and stay there.  we could have some oscillating around the gold price for a while but it's inevitable that Bitcoin moves permanently to new highs and takes the throne of real global money and as the currency of the digital age.

i still feel that there is a small segment of my generation of Boomers that has abrogated its responsibility to leave a world behind us better than the one we've created.  our leaders and financial elite continue to rack up unsustainable amounts of debt and debase our currency for their own benefit and that has always made me angry.  you have to be a parent to understand the lengths one will go to protect one's children.  the good news is that there are plenty of Boomers who feel like me and are going to throw their financial might behind the younger generation of developers and coders who are going to help refine Bitcoin and make it possible for all of us to opt out of the fiat system.  for that is the only way to achieve this as Balaji Srinivasan has so eloquently described.  it's because our voices continue to be ignored.

i'm honoured to be a part of a community filled with such highly motivated and intelligent individuals.  we are all going to change the world of finance forever.

[miscreanity]

i'm honoured to be a part of a community filled with such highly motivated and intelligent individuals.  we are all going to change the world of finance forever.

FTFY

[Peter R]

thanks for the kudos guys.

i really don't have anything profound to say except that it's been a long, hard journey though there has never been any question in my mind this would happen.  it's great to see Bitcoin coming into its own and i believe we've only just gotten started. the next task is for all the exchanges to get up and over the top of gold and stay there.  we could have some oscillating around the gold price for a while but it's inevitable that Bitcoin moves permanently to new highs and takes the throne of real global money and as the currency of the digital age.

i still feel that there is a small segment of my generation of Boomers that has abrogated its responsibility to leave a world behind us better than the one we've created.  our leaders and financial elite continue to rack up unsustainable amounts of debt and debase our currency for their own benefit and that has always made me angry.  you have to be a parent to understand the lengths one will go to protect one's children.  the good news is that there are plenty of Boomers who feel like me and are going to throw their financial might behind the younger generation of developers and coders who are going to help refine Bitcoin and make it possible for all of us to opt out of the fiat system.  for that is the only way to achieve this as Balaji Srinivasan has so eloquently described.  it's because our voices continue to be ignored.

i'm honoured to be a part of a community filled with such highly motivated and intelligent individuals.  we are all going to change the world of finance forever.

Well said, cypherdoc. 

We have an unbelievable opportunity with bitcoin to make positive change in our world and leave behind something better for our children.

[Dusty]

I was mainly a lurker, but it has been a hell of a ride anyway.

So, next question is: when will we have the first billionaire (in $) in this thread?