cypherdoc (OP)
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April 13, 2012, 08:01:45 PM |
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Boom.
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miscreanity
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April 13, 2012, 08:26:13 PM |
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Maybe another paper gold assault to close the week, or early next week before the next CoT cut-off again (making the commercial open interest look like little has changed)?
+1. Nice call. Thanks. Too bad I was about 5 months too early when the Gold trap thread was in play. It sucks being early, but it kills being late. Boom.
The dynamics I've described are now becoming obvious. Tons of gold are being scooped up while the paper market hurls off weak hands that don't understand the mechanics. Paper/physical separation might happen by July, it could take place on the next cycle swing closer to 2013, or it may never fully occur - it doesn't matter because the effect is still the same: in paper, you don't own what you think you own. No physical = no savings = you lose. Also, there's way too much phallic imagery in this thread. I suggest the title be renamed to something like "Sword Fighting". |
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cypherdoc (OP)
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April 13, 2012, 08:32:20 PM |
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miscreanity
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April 13, 2012, 08:33:13 PM |
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silverbox
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April 13, 2012, 08:49:25 PM |
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disclaimer201
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April 14, 2012, 12:44:04 AM
Last edit: April 14, 2012, 12:54:11 AM by disclaimer201 |
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Guys, read up on Thorstein Veblen and conspicuous consumption. It's an about 100 year old economic concept asking for the ratio between the actual use value versus prestige value (for social distinction) of a product. Basically, do you need a car to take you to work, or do you need a car to show off infront of your neighbors. Only, it works much more subtle than that. People will want to belong and this is how the entire western society ends up in debt, totally unneccessary which is the worst part. No wonder China owns all our asses these days. Apple users will continue to use Macs/Iphones etc for social distinction and to balance their feelings of inferiority towards their peers. And once you bought it, even if you're aware of what's really going on, it's only natural (there even is a study for this) to defend one's decision with "reasoning" even if you bought something useless. Now, Iphones aren't useless, but other brands will do the same trick except the prestige part. Also, what's so different to China when everyone in a social group (students e.g.) use the same product. It only shows that this generation grows up totally adapted. What about individualism if everyone uses the same brand? Fact is, we live in a commercial society where people happily pay for the right amount of prestige i.e. conspicuous consumption. In so far, Apple has understood how marketing (and people) work extremely well. That's exactly why I despite them and feel pity for Iphone users (many who probably can't even afford to pay for the phone other than in 24 monthly installments) while potentially having no money for rent, healthy food, or the education of their children. Cheers! |
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Stephen Gornick
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April 14, 2012, 05:26:16 AM |
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If AAPL has went below 500 between now and June 10th, I owe you 10 BTC, otherwise you owe me 10  Let's see what others think. - http://betsofbitco.in/item?id=336Please your bets, ladies! |
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notme
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April 14, 2012, 05:28:41 AM |
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If AAPL has went below 500 between now and June 10th, I owe you 10 BTC, otherwise you owe me 10 Let's see what others think. - http://betsofbitco.in/item?id=336Please your bets, ladies! What happens of nobody disagrees? |
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Stephen Gornick
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April 14, 2012, 06:07:38 AM
Last edit: April 14, 2012, 07:33:24 AM by Stephen Gornick |
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What happens of nobody disagrees?
One of the factors considered when the site reviews newly submitted bets is whether or not there is an incentive to bet on both sides. I've only seen one report of a bet being rejected for that reason though ("The world will end in 2012" ... and the admin must've been humorless that day and rejected it for having no incentive to bet "Agree".) So, I'm guessing they've never had yet a bet that made it to expiration with bets on only one side. They could close a bet if the outcome is known early so it is possible that a bet would close with bets on only one side. The "Hugo Chavez will be re-elected" bet is one such bet. If he were to die today, there are no "disagree" bets at the present time: http://betsofbitco.in/item?id=302So that is a good question. I'll ask and report back. Meanwhile, you could always take that side of this AAPL bet so that your concern won't happen.  |
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notme
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April 14, 2012, 06:29:26 AM |
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Meanwhile, you could always take that side of this AAPL bet so that your concern won't happen. No thanks... although I guess I could consider it a hedge against my triple leveraged S&P500 short . |
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Transisto
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April 14, 2012, 07:12:05 AM |
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This thread is popping up all the time... The first post was ... so empty and off-topic ... was there even a first post  not following, but could this thread have turned into anything else than an off-topic chatroom ? IF so please move to OFF-TOPIC sub. |
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notme
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April 14, 2012, 07:39:04 AM |
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This thread is popping up all the time... The first post was ... so empty and off-topic ... was there even a first post not following, but could this thread have turned into anything else than an off-topic chatroom ? IF so please move to OFF-TOPIC sub. This thread is a continuous analysis of the thesis that funds will flow into bitcoin from gold and stocks, as well as speculation as to how those assets will perform. |
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cypherdoc (OP)
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April 14, 2012, 03:08:54 PM |
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This thread is popping up all the time... The first post was ... so empty and off-topic ... was there even a first post not following, but could this thread have turned into anything else than an off-topic chatroom ? IF so please move to OFF-TOPIC sub.  |
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silverbox
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April 14, 2012, 03:13:09 PM |
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This thread is popping up all the time... The first post was ... so empty and off-topic ... was there even a first post not following, but could this thread have turned into anything else than an off-topic chatroom ? IF so please move to OFF-TOPIC sub. This thread is a continuous analysis of the thesis that funds will flow into bitcoin from gold and stocks, as well as speculation as to how those assets will perform. Don't forget my dog the nuclear power!!! This is my favorite thread. |
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cypherdoc (OP)
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April 14, 2012, 03:16:30 PM |
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look, it took me hours to put this thread together. i mean, lotsa thought went into those 3 letters;
I........M........O.
and just look at how many views!
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waspoza
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April 14, 2012, 05:00:24 PM |
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Good thread, leave it here imo.
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Transisto
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April 15, 2012, 06:10:42 AM |
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This thread is popping up all the time... The first post was ... so empty and off-topic ... was there even a first post not following, but could this thread have turned into anything else than an off-topic chatroom ? IF so please move to OFF-TOPIC sub. This thread is a continuous analysis of the thesis that funds will flow into bitcoin from gold and stocks, as well as speculation as to how those assets will perform. What about OP rename the title ? |
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cypherdoc (OP)
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April 15, 2012, 06:21:38 AM |
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This thread is popping up all the time... The first post was ... so empty and off-topic ... was there even a first post not following, but could this thread have turned into anything else than an off-topic chatroom ? IF so please move to OFF-TOPIC sub. This thread is a continuous analysis of the thesis that funds will flow into bitcoin from gold and stocks, as well as speculation as to how those assets will perform. What about OP rename the title ? Just put it on ignore. |
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miscreanity
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April 16, 2012, 04:01:22 AM |
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I couldn't resist, cyph - in good fun, because we all win with Bitcoin anyway From: http://www.jsmineset.com/2012/04/14/in-the-news-today-1162/Manipulators are so brazen they do whatever the hell they want whenever they want to show who is boss.
When Eric and I mused about gold having made a bottom at $1630 they sure showed us the next day at $1620.
To be fair, I was wrong again as well (so far) - gold tested $1650 on the second attempt, not $1630. It was a nice " Fuckjob Candle" though.  Now to see what the rest of April brings... |
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