rpietila
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August 20, 2014, 11:24:21 AM |
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BTC is a safer bet than gold imo
Not safer. It has a higher risk of going to zero. Much more +EV though.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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Lowryder
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August 20, 2014, 12:49:25 PM |
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BTC is a safer bet than gold imo
Not safer. It has a higher risk of going to zero. Much more +EV though. Would you rather take 30 of these: http://www.usacoinbook.com/us-coins/gold-bar-1-kilo.jpgOr 2700BTC? If you cant take anything in between?
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cypherdoc (OP)
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August 20, 2014, 01:04:30 PM |
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BTC is a safer bet than gold imo
Not safer. It has a higher risk of going to zero. Much more +EV though. Would you rather take 30 of these: Or 2700BTC? If you cant take anything in between? I already made my choice and I'm sticking with it.
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Wekkel
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yes
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August 20, 2014, 01:07:53 PM |
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BTC is a safer bet than gold imo
Not safer. It has a higher risk of going to zero. Much more +EV though. Would you rather take 30 of these: Or 2700BTC? If you cant take anything in between? 2700 BTC if the current price is higher. Gold safe bet is about 4x in the future (gold $5000) whereas Bitcoin still has at least 10x to go. It's about risk/reward.
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cypherdoc (OP)
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August 20, 2014, 01:09:15 PM |
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Beautiful recovery off the lows of the attempted sell-off from last night.
Buy hard.
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Lowryder
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August 20, 2014, 01:16:12 PM |
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2700 BTC if the current price is higher. Gold safe bet is about 4x in the future (gold $5000) whereas Bitcoin still has at least 10x to go. It's about risk/reward. But you can't really say. I personally own both. I see gold safest bet there is. BTC is still a mystery in long run. Have some just in case, but wont make a dent if BTC goes zero.
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justusranvier
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August 20, 2014, 01:20:09 PM |
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BTC is a safer bet than gold imo
Not safer. It has a higher risk of going to zero. Much more +EV though. Would you rather take 30 of these: Or 2700BTC? If you cant take anything in between? 2700 BTC if the current price is higher. Gold safe bet is about 4x in the future (gold $5000) whereas Bitcoin still has at least 10x to go. It's about risk/reward. But you can't really say. I personally own both. I see gold safest bet there is. BTC is still a mystery in long run. Have some just in case, but wont make a dent if BTC goes zero. Gold is an anchor that leaves you locked into a limited geographical area. You can take 100% of your Bitcoin savings with you undetectably across any imaginary line on a map.
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Microbit001
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August 20, 2014, 01:21:08 PM |
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Never cared about gold prices, its very stable. BTC rising is what everyone wishes
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cypherdoc (OP)
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August 20, 2014, 02:10:25 PM |
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Never cared about gold prices, its very stable. BTC rising is what everyone wishes sort of. of course i'll point to the drop from 1923 to now as counter argument. but there is a boatload of theoretical reasons why Bitcoin is superior as i've tried to document in this thread ad nauseum. if my message was untrue, this thread wouldn't be so popular. yes, it's still debatable, but i see a trend in sentiment and price.
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cypherdoc (OP)
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August 20, 2014, 02:26:06 PM |
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the plunge is coming. you hear that Teebone?
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cypherdoc (OP)
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August 20, 2014, 02:30:31 PM |
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smack these bitches:
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cypherdoc (OP)
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August 20, 2014, 02:31:20 PM |
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smack these bitches: oh, and use USD leverage
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cypherdoc (OP)
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August 20, 2014, 04:00:55 PM |
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look at the pussies run. now, time to add USD leverage:
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vuduchyld
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August 20, 2014, 04:33:12 PM |
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BTC is a safer bet than gold imo
Did some math Heres all the gold in the world: All the Bitcoin ever mined is about 2,7 metres high cubic in gold current Spot bid and BTC bid value. Fabulous.
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cypherdoc (OP)
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August 20, 2014, 04:54:20 PM |
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BTC is a safer bet than gold imo
Did some math Heres all the gold in the world: All the Bitcoin ever mined is about 2,7 metres high cubic in gold current Spot bid and BTC bid value. Fabulous. now fit all the BTC in the world into that pic.
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wachtwoord
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August 20, 2014, 05:02:03 PM |
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BTC is a safer bet than gold imo
Not safer. It has a higher risk of going to zero. Much more +EV though. Would you rather take 30 of these: Or 2700BTC? If you cant take anything in between? Wow 2700 BTC will comfortably put you in the Validimir club. I'd take that any day of the week
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cypherdoc (OP)
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August 20, 2014, 05:04:43 PM |
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BTC is a safer bet than gold imo
Not safer. It has a higher risk of going to zero. Much more +EV though. Would you rather take 30 of these: Or 2700BTC? If you cant take anything in between? Wow 2700 BTC will comfortably put you in the Validimir club. I'd take that any day of the week how'd you know all those bars were filled with tungsten? oh, you didn't?
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wachtwoord
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August 20, 2014, 05:07:17 PM |
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BTC is a safer bet than gold imo
Not safer. It has a higher risk of going to zero. Much more +EV though. Would you rather take 30 of these: Or 2700BTC? If you cant take anything in between? Wow 2700 BTC will comfortably put you in the Validimir club. I'd take that any day of the week how'd you know all those bars were filled with tungsten? oh, you didn't? Of course I didn't. I just assumed they were gold for this thought experiment.
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rpietila
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August 20, 2014, 05:08:38 PM |
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how'd you know all those bars were filled with tungsten? oh, you didn't?
AFAIK the tungsten (W) bars are only used in insider operations where you are supposed to store gold (Au) in a vault, but swap them for bars of a cheaper metal, keep the gold in your private vault, and sell paper to the market to suppress the price.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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