Gold collapsing. Bitcoin UP.

[cypherdoc]

Bitcoin: +12%

Gold: -4%

hey cypher, you've been complaining that people shouldn't take your prediction so damn short-termly... so if things turn around again mid-term, you'll look bad again and then you can't say "relax, this was a long-term outlook" that easily any more, because you will have been bragging on tiny fluctiations yourself with updates every second hour .

I, for myself, wont call this anytime before 2013.

there's some truth to this.  so what do you recommend?  shutting down this thread until 2013?  even then if gold is at $500 and Bitcoin at $1625 there will always be someone who'll say "it isn't over".

it's just that the discrepancy at this stage is so HUGE i don't think you can ignore it.

[cypherdoc]

lets imagine the reverse:

Gold:  +12%

Bitcoin:  -4%

how many of you would be willing to remain silent w/o hootin' and hollerin' in my face in the short term until 2013?

[miscreanity]

lets imagine the reverse:

Gold:  +12%

Bitcoin:  -4%

how many of you would be willing to remain silent w/o hootin' and hollerin' in my face in the short term until 2013?

That isn't the issue. It's one thing to get excited about daily changes, and another to say an investment is collapsing or going to the moon because of a few days' movements.

In other words: focusing on technicals while dismissing fundamentals, and conflating the former with the latter.

[cypherdoc]

lets imagine the reverse:

Gold:  +12%

Bitcoin:  -4%

how many of you would be willing to remain silent w/o hootin' and hollerin' in my face in the short term until 2013?

That isn't the issue. It's one thing to get excited about daily changes, and another to say an investment is collapsing or going to the moon because of a few days' movements.

In other words: focusing on technicals while dismissing fundamentals, and conflating the former with the latter.

the way i see it, these aren't just daily fluctuations. 

Bitcoin has been rising since November and gold falling since last August.

gold has not collapsed i admit (yet).

[HorseRider]

Bitcoin has been rising since November and gold falling since last August.

But the three month flat iswas really boring (always bad grammar of mine)

and I think the bitcoin can be flat itself improve something to the world: bitcoin don't need to be a speculate bubble to be used and traded by the community members. Even there had been a 90% loss, the bitcoin can still recover, which will be very convincing for people to trust bitcoin.

Hopefully that we will reach 33$ very soon.

[cypherdoc]

Bitcoin has been rising since November and gold falling since last August.

But the three month flat is really boring

and I think the bitcoin can be flat itself improve something to the world: bitcoin don't need to be a speculate bubble to be used and traded by the community members.

if what we're in right now is a flat, then its the most exciting flat i've ever seen.

[HorseRider]

Bitcoin has been rising since November and gold falling since last August.

But the three month flat is really boring

if what we're in right now is a flat, then its the most exciting flat i've ever seen.

Bad grammar. it should be a "was"

[cypherdoc]

Bitcoin has been rising since November and gold falling since last August.

But the three month flat is really boring

if what we're in right now is a flat, then its the most exciting flat i've ever seen.

Bad grammar. it should be a "was"

actually, it was an exciting "flat" for me.  all my subscribers know that i saw a flat topped ascending triangle developing months ago which was bullish for me.

[miscreanity]

the way i see it, these aren't just daily fluctuations.  

Bitcoin has been rising since November and gold falling since last August.

gold has not collapsed i admit (yet).

Then you shouldn't have any trouble seeing the gradual reversal of the downtrend in gold

The same would apply to the USDX being below 81.75 and dropping. The Fed today (and central banking worldwide) is following and exaggerating trends - exactly the opposite of what it's supposed to be doing: anticipating and compensating. This weekend will be the beginning of officially-resumed monetary intervention through a globally coordinated effort.

Looking at Kitco's gold to currency comparison, only the JPY and USD are stronger relative to gold, and then only on a 60-day basis. Every other time-frame is gold-positive. In fact, Bitcoin is about the only 'currency' that's truly strong against gold at the moment - not even silver has taken off yet. Amusingly enough, papiermarks are gaining relative to gold presumably because of their limited stock and historical significance - not that it takes much for a $2 piece of paper to trade 50-100% higher.







Anything beyond 60-days is green for gold.





I'll make a chart including BTC soon

if what we're in right now is a flat, then its the most exciting flat i've ever seen.

We're such a bunch of Bitcoin junkies

[HorseRider]

actually, it was an exciting "flat" for me.  all my subscribers know that i saw a flat topped ascending triangle developing months ago which was bullish for me.

I don't like to say the words that is agree with you, which might make you over confidence and you cannot warn us subscribers any danger in the future letter. This is why I like silverox.

[cypherdoc]

actually, it was an exciting "flat" for me.  all my subscribers know that i saw a flat topped ascending triangle developing months ago which was bullish for me.

I don't like to say the words that is agree with you, which might make you over confidence and you cannot warn us subscribers any danger in the future letter. This is why I like silverox.

actually, i like silverox too.  much better imagery.

[cypherdoc]

the silence is deafening.  i think all the kids got shaken out...

[silverbox]

the silence is deafening.  i think all the kids got shaken out...

Aww its friday.  They are all just contemplating the massive injection big Ben is about to unload..

If I'm lucky later tonight my big Ben will get some love too..

[cypherdoc]

the silence is deafening.  i think all the kids got shaken out...

Aww its friday.  They are all just contemplating the massive injection big Ben is about to unload..

If I'm lucky later tonight my big Ben will get some love too..

[cypherdoc]

Bitcoin:  +15%

Gold:  -4%

[tvbcof]

Bitcoin:  +15%

Gold:  -4%

Happy days!  I'm finally in the black on Bitcoin (except for a brief period of run-up after the $2.nn days.)  Let's hope the trend continues and swells to a tsunami.  Bitcoin-wise that is...I'm happy with PM's doing as they do and do not especially need or wish to see any big earthquakes there.

BTW, I've been busy with various life-changes.  I've missed you boys over the last week or two.  I'm on 'excede' satellite these days and it's a pleasantly surprising experience compared to my other satellite experiences.  I can think of worse ways to waste my time than dicking around on the bitcointalk.org forum...especially in relatively exciting times like these when an important (to me) threshold has occurred in BTC price.

[cypherdoc]

The Silverox Update:

Bitcoin:  +18.33%

Gold:  -4%

[cypherdoc]

Bitcoin:  +15%

Gold:  -4%

Happy days!  I'm finally in the black on Bitcoin (except for a brief period of run-up after the $2.nn days.)  Let's hope the trend continues and swells to a tsunami.  Bitcoin-wise that is...I'm happy with PM's doing as they do and do not especially need or wish to see any big earthquakes there.

BTW, I've been busy with various life-changes.  I've missed you boys over the last week or two.  I'm on 'excede' satellite these days and it's a pleasantly surprising experience compared to my other satellite experiences.  I can think of worse ways to waste my time than dicking around on the bitcointalk.org forum...especially in relatively exciting times like these when an important (to me) threshold has occurred in BTC price.

welcome back.  can't say i missed you 

what is "excede satellite"?

[silverbox]

Bitcoin:  +15%

Gold:  -4%

Happy days!  I'm finally in the black on Bitcoin (except for a brief period of run-up after the $2.nn days.)  Let's hope the trend continues and swells to a tsunami.  Bitcoin-wise that is...I'm happy with PM's doing as they do and do not especially need or wish to see any big earthquakes there.

BTW, I've been busy with various life-changes.  I've missed you boys over the last week or two.  I'm on 'excede' satellite these days and it's a pleasantly surprising experience compared to my other satellite experiences.  I can think of worse ways to waste my time than dicking around on the bitcointalk.org forum...especially in relatively exciting times like these when an important (to me) threshold has occurred in BTC price.

welcome back.  can't say i missed you 

what is "excede satellite"?

ISP.  Offered like a year ago.. something like 3mb up 12mb down, capped at 7gb per month.  Lets you have decently fast inet in the boonies, but 7gb is just not enuf

[cypherdoc]

The Silverox Update:

Bitcoin:  +20.37%

Gold:  -4%