Holy cow, Coinflation just about gave me a heart attack...

...by showing this, just now:

Ran off to check goldprice.org, and saw nothing out of the ordinary. Went back to Coinflation, reloaded, and saw:

I wish they wouldn't do that!

 

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Now that will get the heart pumping. Glad I missed it. TC

 

Dang, that would really wake you up. Glad I didn't see anything like it either, lol.

 

i dont understand

 

They were indicating that gold had spiked up almost $50/oz tonight. It hadn't. They're now reporting the accurate price.

 

That's what I like about the South.......

 

Compared to Bitcoin gold is practically the Rock of Gibraltar. Mt.Gox is showing it at $297.10 right now. Remember a few months it was trading in $1200 range? That's probably not too good on ole pump either.

 

A 3% move!!!! Buy, Buy, Buy. Sell, Sell, Sell.

LOL. Thanks for the laugh today. I needed it.

 

I follow the gold price in part as one proxy for "what's going on in the world". This "move" was small enough to be plausible, but big enough to be alarming.

Big, sharp moves in the gold price are frequently correlated with big, sharp events in The Real World.

Glitches in individual price-reporting services, of course, are correlated with nothing of significance.

 

Sorry about my post, I thought you were joking...

 

Remember a week ago when bitcoins were trading at $700+?
Since they were $1200 about a month ago, they seem to be accelerating in collapse. Maybe they'll be back down to $50 a BC by Friday. If it gets that low, I might start buying some to get the cool holographic physical coins.

Seriously, though, I'm pretty sure the Mt. Gox price isn't the actual price that BCs are garnering. It's just that Mt. Gox has frozen all withdrawals, so anyone buying BCs on their infrastructure is essentially speculating with virtually no liquidity.

 

They're not dropping that hard compared to JPM Bankers. "I want to be an airborne ranger..."

 

I agree. Though I am one of those "idiots" who do not "get" bitcoins, quoting a Mt Gox price is in error nowadays. I just read Mt Gox is severely depressed pricing on Bitcoins versus all other clearing houses.

 

A jump like that would make my heart race! I like coinflation and also check kitco all the time