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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032247 times)
cypherdoc (OP)
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April 15, 2014, 11:49:10 PM
 #7961


...

finally, gold itself:






That just game me an idea:

A webapp that parses bitcointalk content for certain keywords and plants resultant quotes at the corresponding time over a price chart. That might actually reveal some pretty amusing market psychology.

Obviously generalizable to other domains and content sources.

Good idea.

Moon and crash come to mind as keywords.
cypherdoc (OP)
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April 17, 2014, 04:53:53 PM
 #7962

gold suffering mightily.
cypherdoc (OP)
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April 21, 2014, 02:10:09 AM
 #7963

Gold collapsing. Bitcoin UP.

Happy Easter!
tvbcof
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April 21, 2014, 10:55:41 PM
Last edit: April 22, 2014, 02:39:11 PM by tvbcof
 #7964

gold suffering mightily.

I like your thread but this is a bit silly.

YTD gold is up.

YTD BTC is down about 45%


Over the past two years gold more or less been stable compared to the craziness of BTC.

I hardly ever check the price of gold any more.  Usually only when ~cypherdoc comes out with one of these posts, and as often as not I'm surprised to see it holding out as well as it is.

As you point out, so far this year (now nearing the 5th month) Gold has been a clear winner vs. BTC.  As always, if I had only PM's and no BTC, I'd be buying BTC.  If I had no PM's and only BTC, I'd be buying PM's.  (...in the happy situation of having excess fiat money that is.)

 edit: fix ownership sense.

sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
bryant.coleman
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April 22, 2014, 10:26:44 AM
 #7965

OK... Today I made the decision to sell all my Gold ETF units (I had 24 units, equivalent to 24 grams) at a 8% loss. I had purchased them in 2012. I wonder what could have happened if I had purchased BTC instead of the Gold ETF in 2012.  Angry
yayayo
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April 22, 2014, 12:13:53 PM
 #7966

There's no fundamental reason for gold to go down. In fact, there's a lot of reason for gold to go up (-> US$ going down).

I think gold is at the last stages of a correction within a greater uptrend. Though I think it won't appreciate as much as bitcoin.

ya.ya.yo!

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tvbcof
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April 22, 2014, 02:48:29 PM
 #7967

OK... Today I made the decision to sell all my Gold ETF units (I had 24 units, equivalent to 24 grams) at a 8% loss. I had purchased them in 2012. I wonder what could have happened if I had purchased BTC instead of the Gold ETF in 2012.  Angry

I'd guess that a person who would buy a Gold ETF in the first place is the type of guy who would buy BTC and store them under the care of others (on-line wallet, exchange account, etc.)

To me, Gold and Bitcoin are very much in the same class because they offer the ability to dispense with counter-party risk.  As I've eluded to above, neither asset class guarantees that feature (though I would argue that in such cases, the 'holder' does not actually own any gold or BTC.)  I place great importance on avoiding counter-party risk, although I am fully aware that failures here are very unusual and generally covered over when it comes to PM's (e.g., MF Global.)  OTOH, counter-party risk failures in Bitcoin-land are more the rule than the exception.


sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
cypherdoc (OP)
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April 22, 2014, 03:37:51 PM
 #7968

Gold getting ready to plunge.
Peter R
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April 22, 2014, 03:38:05 PM
 #7969

OK... Today I made the decision to sell all my Gold ETF units (I had 24 units, equivalent to 24 grams) at a 8% loss. I had purchased them in 2012. I wonder what could have happened if I had purchased BTC instead of the Gold ETF in 2012.  Angry
I'd guess that a person who would buy a Gold ETF in the first place is the type of guy who would buy BTC and store them under the care of others (on-line wallet, exchange account, etc.)


Funny how that works:

I myself has lost 80% of my coins in BTCT.co. If I lose my remaining 20% [in reference to Gox liquidation], then I'll also quit dealing with BTCs.  Grin

Run Bitcoin Unlimited (www.bitcoinunlimited.info)
cypherdoc (OP)
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April 24, 2014, 11:53:09 AM
 #7970

Gold getting ready to plunge.

Gold plunging.
YipYip
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April 24, 2014, 02:04:47 PM
 #7971

Gold has taken a little sideways action ..even though its going against the trend

Gold 1200-1400 its all good

BTC July > Gold Cheesy

OBJECT NOT FOUND
boumalo
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April 30, 2014, 08:30:34 PM
 #7972

Gold has taken a little sideways action ..even though its going against the trend

Gold 1200-1400 its all good

BTC July > Gold Cheesy

I don't mind an once of Gold being pricer than BTC, I want both to increase in value and it should happen soon because we are heading to a huge financial crisis in the states and Europe

Melbustus
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April 30, 2014, 08:47:29 PM
 #7973


Big rises have yet to backfill. In order for the $1000+ high to fill, it would have to drop below $300, possibly as low as ~$160 before the trend reverses.

Of course growth rates may be enough to keep that from happening. If the ~$400-430 range holds through the supposed China deadline and the big investments start drawing in new usage, we could easily be headed back to the moon.

In short, April is going to be a pivotal month for Bitcoin (and gold, silver, bonds, nearly everything else). I think if a collapse doesn't happen here, we'll know whether Bitcoin will truly thrive by late 3rd to 4th quarter this year.



April is over. How'd we do?


Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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April 30, 2014, 10:00:01 PM
 #7974

i can't wait for sub 1000$ gold

sorry gold bugs.

its going down!

boumalo
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April 30, 2014, 10:46:33 PM
 #7975

i can't wait for sub 1000$ gold

sorry gold bugs.

its going down!

It was possible a few months ago but it is smelling the end game for all the price manipulation on Gold by the FED and Wall Street

When it will go up it will go up aggressively, don't miss the train

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April 30, 2014, 11:01:43 PM
 #7976

i can't wait for sub 1000$ gold

sorry gold bugs.

its going down!

It was possible a few months ago but it is smelling the end game for all the price manipulation on Gold by the FED and Wall Street

When it will go up it will go up aggressively, don't miss the train

Look at the 1980s-90s Gold charts, countless of weak bull traps before the actual bottom many years later. What if this happens again..


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TeeBone
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April 30, 2014, 11:49:51 PM
 #7977

i can't wait for sub 1000$ gold

sorry gold bugs.

its going down!

Good luck with that.

I give it 85% we never see sub 1180 again. Gigantic double bottom in december sealed it for me.

2014=year of recovery and consolidation. All the weak hands are out.


cypherdoc (OP)
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May 01, 2014, 01:02:40 AM
 #7978

Most importantly, Summers understands gold. He made a major contribution to Gibson's Paradox as it applies to free markets: "Gold prices should move inversely to real interest rates."  Not on Summers watch. 

He has been accused by gold bugs of engineering gov't interference in the gold markets by pushing the price down despite the ongoing drop in interest rates also engineered by gov't so as not to alarm the population. they have been marginally successful in doing so.

along comes Bitcoin. a new problem that they potentially can't control and Summers sees it.

http://www.coindesk.com/former-obama-advisor-larry-summers-critics-dont-write-bitcoin/
cypherdoc (OP)
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May 01, 2014, 02:38:16 AM
 #7979

i can't wait for sub 1000$ gold

sorry gold bugs.

its going down!

Good luck with that.

I give it 85% we never see sub 1180 again. Gigantic double bottom in december sealed it for me.

2014=year of recovery and consolidation. All the weak hands are out.




We're comin to get ya Teebone.
TeeBone
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May 01, 2014, 02:48:53 AM
 #7980

i can't wait for sub 1000$ gold

sorry gold bugs.

its going down!

Good luck with that.

I give it 85% we never see sub 1180 again. Gigantic double bottom in december sealed it for me.

2014=year of recovery and consolidation. All the weak hands are out.




We're comin to get ya Teebone.

For shits and giggles, .25 btc bet gold doesnt break 1100 ?

Wasnt too long ago you were sayin' gold to 500  Smiley
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