Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
cypherdoc
on 21/08/2012, 04:06:07 UTC

you know what they say about great investments; you gotta make them when no one else sees it.

I don't think anyone here is disputing Bitcoin's potential, only that Bitcoin will not be the exclusive beneficiary of current trends.

all i can say is that it has been a spectacularly successful trade getting out of silver starting @ $49 and gold @ $1650 and moving fungible proceeds (not exactly coincident in time silverbox) into Bitcoin over a year ago now.  it has now moved from being a successful short term trade to that of a successful intermediate term trade by my definition.  i'm hopeful this will continue into the long term.

it just dawned on me that it appears i am the first one IN THE WORLD to have done this.  not to mention to the magnitude i have.  if someone else has done something similar they sure haven't stepped forward to admit it in this forum or elsewhere.  i guess i'll either be defined as a visionary or a dunce.