molecular
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May 16, 2012, 07:22:49 PM |
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on 2nd thought probably fiat coming out of gold/silver/stocks/oil/euros, etc.
hehe, it's funny you need to think twice... wasn't this what you initially claimed would happen?
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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molecular
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May 16, 2012, 07:26:08 PM |
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General Comment: Bitcoin recovering...let's hope the trend holds.
Another Score: 5/15/12 year ago now delta mult BTC 7.50 5.03 + 0.67 Gold 1492 1545 + 1.04
isn't it kind of pointless to measure against "a year ago", when we know what's coming? bitcoin will go very RED soon, but not because it's falling now, but because there was this hype last year...
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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cypherdoc (OP)
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May 16, 2012, 07:32:16 PM |
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on 2nd thought probably fiat coming out of gold/silver/stocks/oil/euros, etc.
hehe, it's funny you need to think twice... wasn't this what you initially claimed would happen? yeah, that's exactly right. i've been saying this for a long time in so many different ways, forms, nuances that sometimes i just bang anything out on the keyboard.
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cypherdoc (OP)
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May 16, 2012, 07:34:15 PM |
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General Comment: Bitcoin recovering...let's hope the trend holds.
Another Score: 5/15/12 year ago now delta mult BTC 7.50 5.03 + 0.67 Gold 1492 1545 + 1.04
isn't it kind of pointless to measure against "a year ago", when we know what's coming? bitcoin will go very RED soon, but not because it's falling now, but because there was this hype last year... i've already told him this but it doesn't seem to matter. year on year comparisons are only useful in stable, long term established markets that don't vary much in the first place. its then used to pick up subtle seasonal changes. Bitcoin doesn't fit this category.
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tvbcof
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May 16, 2012, 07:40:31 PM |
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General Comment: Bitcoin recovering...let's hope the trend holds.
Another Score: 5/15/12 year ago now delta mult BTC 7.50 5.03 + 0.67 Gold 1492 1545 + 1.04
isn't it kind of pointless to measure against "a year ago", when we know what's coming? bitcoin will go very RED soon, but not because it's falling now, but because there was this hype last year... i've already told him this but it doesn't seem to matter. year on year comparisons are only useful in stable, long term established markets that don't vary much in the first place. its then used to pick up subtle seasonal changes. Bitcoin doesn't fit this category. I'll get to today's update this afternoon. Sorry for the delay
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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cypherdoc (OP)
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May 16, 2012, 07:43:04 PM |
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I'll get to today's update this afternoon. Sorry for the delay LOL! everyone loves to irritate each other around here. no problem, Sir! btw, where's my Silverbox update? and don't fudge the figures!
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N12
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May 16, 2012, 07:45:51 PM |
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It really sucks there is no way to short Apple and the metals with Bitcoins. We need this, and we need it now.
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tvbcof
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May 16, 2012, 07:56:31 PM |
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I'll get to today's update this afternoon. Sorry for the delay LOL! everyone loves to irritate each other around here. no problem, Sir! Glad to see you've not lost a sense of scope and humor. Carry on on your side. It's all in good fun to me. Firstly, the metric is about as fair as anything, and is quite meaningful to whoever might have done transactions a year ago. Also, the relative changes in the numbers mapped to what seem like distressing turns of events currently are interesting and an eye-opener even to me. Secondly, we are still looking forward to the PM spikes, and in fairness I'll try to do at least one update at the worst looking time even if this thread is ossified. No guarantees though. Thirdly, there is a non-trivial chance that Bitcoin will take off like nobody can believe and produce some jaw-dropping green numbers. And it could happen quite rapidly. I have enough hope for such an event that I let quite a bit of value ride just in case. I've eat a flock of crows vis-a-vis BTC vs. PMs for a chance to see such a thing occur.
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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silverbox
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May 16, 2012, 08:22:23 PM Last edit: May 16, 2012, 11:45:12 PM by silverbox |
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I'll get to today's update this afternoon. Sorry for the delay LOL! everyone loves to irritate each other around here. no problem, Sir! btw, where's my Silverbox update? and don't fudge the figures! Whats the point of keeping score if you fudge the numbers!! this thread was started 3/13 Bitcoin 5.40 Gold 1690. today 5/16 Bitcoin 5.07 (down ~6%) Gold 1540 (down ~9%) BTC still isn't up . Gold for the first time since this thread was started 2 MONTHS ago is doing worse then BTC. I still fail to see this collapse.. an orderly decline over 2 months of 9% is what I see. AAPL 546 (If some updays don't show up soon, your gonna win this one) Edit: Cypher is actually partially right this week, if 2 months ago you took his advice and sold gold to buy BTC, you would have been losing money till this week.
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cypherdoc (OP)
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May 16, 2012, 08:46:31 PM |
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miscreanity
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May 16, 2012, 11:27:25 PM |
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It all comes down primarily on the politics. What do central banks do? A good question to ask is what were they designed for?.
Bullseye! certainly not to allow gold to reascend the throne of a monetary reserve currency.
all they have to do to short circuit your dreams is to stop QE and let the USD skyrocket which it appears they have decided to do. do you really want to trust your future to Ben Bernanke?
Banks in general formed as vehicles to provide security of accumulated wealth - in the form of gold & silver. Paper notes simply provided claims on wealth held at banks, allowing convenient ownership transfer for purposes of commerce so it wasn't necessary to carry the metal around on your person. That mitigated the risk of being robbed, since the banks provided secure storage. Incidentally, this is essentially how gold will act as a reserve again. The investment aspect developed into a separation between the paper claims and actual assets within the banks, while depositors operated under a different assumption - awfully similar to what's going on now. Central banks provide another layer of abstraction on top of the original purpose of banks, having even less to do with real wealth. A major recurring theme throughout history is that there is an entire societal disconnect regarding the very nature of wealth. Both form and function have once more been distorted to a point where it is becoming completely impossible for the illusion to associate with physical reality. As I pointed out earlier in the thread, even if the US shifts gears to full austerity, the rest of the world is already straining to move in the opposite direction. The Fed may be successful at getting the dollar to rise in relation to other financial instruments, but will still be sliding along with them. The US is not alone in the world. How's this for a long-term trend? Only a decade run? Try 40+ years, with no sign of letting up. The chart will probably have to start measuring US wages in gold dust. Even more discouraging for workers generating real value, but being lured toward saving in paper: It's taken a long time, but the unwashed masses are finally coming to understand what's going on. A shame they'll seek salvation from the same ones that destroy them. History is a rhyming bitch. you are going to lose alot of money.
Fiat "money". It doesn't matter which fiat you're holding. There is only one class of truly global currencies that has real value. It is not yet Bitcoin, no matter how much we might be hoping for that to be the case. Precious metals are not going away in the same manner their paper counterparts do - got it?
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tvbcof
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May 16, 2012, 11:42:37 PM |
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General Comment: Interesting how what feel like a stream of daily disasters for gold (and what are loudly characterized as such by certain posters to this thread) don't look like such a big deal in this analysis. Another Score: 5/16/12 year ago now delta mult BTC 7.40 5.09 + 0.69Gold 1495 1533 + 1.025-------------------------- ref (for future updates): http://bitcoincharts.com/charts/mtgoxUSD#czsg2011-05-08zeg2011-05-08ztgSzm1g10zm2g25zv (change date) http://www.kitco.com/charts/livegold.html (hist cgi at bottom) mult=now/year_ago Another Score: 5/15/12 (corrected year ago btc) year ago now delta mult BTC 6.80 5.03 + 0.74Gold 1492 1545 + 1.04Another Score: 5/14/12 year ago now delta mult BTC 8.50 5.00 + 0.59Gold 1495 1555 + 1.04Another Score: 5/12/12 year ago now delta mult BTC 5.40 4.95 + 0.92Gold 1505 1580 + 1.05Another Score: 5/11/12 year ago now delta mult BTC 5.00 4.95 + 0.99Gold 1505 1580 + 1.05Another Score: 5/10/12 (kitco down, gold est from INO.) year ago now delta mult BTC 3.82 4.90 + 1.28Gold 1510 1593 + 1.05Another Score: 5/9/12 year ago now delta mult BTC 3.75 5.03 + 1.34Gold 1510 1590 + 1.05Another Score: 5/8/12 year ago now delta mult BTC 3.64 5.03 + 1.38Gold 1497 1605 + 1.07
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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bitcool
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Live and enjoy experiments
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May 17, 2012, 01:47:35 AM |
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It really sucks there is no way to short Apple and the metals with Bitcoins. We need this, and we need it now. There are many PM bugs on this forum, if you post a message, some may let you use your bitcoins as collateral, lend you their bullion (with a fee) and get repaid (in bullion) later. I'll never do this, but I am sure it's doable if you really want to do it.
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proudhon
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May 17, 2012, 02:08:33 AM |
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General Comment: Interesting how what feel like a stream of daily disasters for gold (and what are loudly characterized as such by certain posters to this thread) don't look like such a big deal in this analysis. Another Score: 5/16/12 year ago now delta mult BTC 7.40 5.09 + 0.69Gold 1495 1533 + 1.025-------------------------- ref (for future updates): http://bitcoincharts.com/charts/mtgoxUSD#czsg2011-05-08zeg2011-05-08ztgSzm1g10zm2g25zv (change date) http://www.kitco.com/charts/livegold.html (hist cgi at bottom) mult=now/year_ago Another Score: 5/15/12 (corrected year ago btc) year ago now delta mult BTC 6.80 5.03 + 0.74Gold 1492 1545 + 1.04Another Score: 5/14/12 year ago now delta mult BTC 8.50 5.00 + 0.59Gold 1495 1555 + 1.04Another Score: 5/12/12 year ago now delta mult BTC 5.40 4.95 + 0.92Gold 1505 1580 + 1.05Another Score: 5/11/12 year ago now delta mult BTC 5.00 4.95 + 0.99Gold 1505 1580 + 1.05Another Score: 5/10/12 (kitco down, gold est from INO.) year ago now delta mult BTC 3.82 4.90 + 1.28Gold 1510 1593 + 1.05Another Score: 5/9/12 year ago now delta mult BTC 3.75 5.03 + 1.34Gold 1510 1590 + 1.05Another Score: 5/8/12 year ago now delta mult BTC 3.64 5.03 + 1.38Gold 1497 1605 + 1.07Please start a thread "Bitcoin collapsing, Gold UP".
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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cypherdoc (OP)
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May 17, 2012, 02:42:31 AM |
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Please start a thread "Bitcoin collapsing, Gold UP".
Bitcoin market running away from you, 'eh Proudhon?
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miscreanity
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May 17, 2012, 02:45:52 AM |
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General Comment: Interesting how what feel like a stream of daily disasters for gold (and what are loudly characterized as such by certain posters to this thread) don't look like such a big deal in this analysis.
Yet emotional reactions get carried away in momentary perceptions. Funny/sad how easy lambs are led to slaughter, no? Please start a thread "Bitcoin collapsing, Gold UP".
Bitcoin market running away from you, 'eh Proudhon? I wasn't going to say it, but now... any new thread should be called "cypherdoc > proudhon"
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proudhon
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May 17, 2012, 03:58:08 AM |
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Please start a thread "Bitcoin collapsing, Gold UP".
Bitcoin market running away from you, 'eh Proudhon? No, it isn't. Bitcoin is down since I sold last. I'm still good.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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cypherdoc (OP)
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May 17, 2012, 01:51:45 PM |
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Ben Bernanke: "Let there be gravity!"
P.S.: "except for leveraged etf shorts."
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cypherdoc (OP)
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May 17, 2012, 01:58:23 PM |
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Apple gettin' within spittin' range!
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hazek
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May 17, 2012, 02:27:39 PM |
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My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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