Topic: Deal with your problems by becoming rich with r0ach of Bitcoin (Read 11134 times)
Are you dead cockr0ach?
December 05, 2016, 06:15:04 PM
Yeah this is one thread I would love to see an update on.
Predictions seem pretty spot on.
Predictions seem pretty spot on.
December 05, 2016, 05:25:45 PM
r0ach will you give us an update? 
Where BTC is heading?
Where BTC is heading?
November 04, 2016, 11:11:56 AM
You were right r0ach !!! ^^^
October 27, 2016, 03:39:48 PM
Hey r0ach what`s your prediction for the current BTC movement?
I posted about it like a month ago on steemit below. It's still in rising price discovery phase right now and a rogue China whale can obviously dump at any time and change things, but the chart is still bullish so just wait for signs of a double/triple top and breakdown afterwards (which has not happened yet), and that's all there really is to it. Everyone is in the same boat. Market makers don't know how high they can take it before resistance stops it, so you don't know when they are dumping and neither do they. You might see a handle drop to like 670 or 666 before it regroups and jumps from there, or it might keep running to $720.
(from 1 month ago):
https://steemit.com/money/@r0achtheunsavory/bitcoin-market-in-one-picture-without-commentary
https://steemit.com/money/@r0achtheunsavory/bitcoin-market-in-one-picture-without-commentary
October 26, 2016, 11:08:15 AM
Hey r0ach what`s your prediction for the current BTC movement?
August 03, 2016, 06:28:14 PM
I speculate that the sideways will continue and taper off (which is in line with my earlier prediction when I divested).
We shall see.
We shall see.
Snap.
August 02, 2016, 07:09:20 PM
Btc is tanking r0ach. C an you tell us how to deal with our problems now?
It actually has bounced back to the floor that r0ach predicted, $535-$540.....if it holds then props to r0ach.
August 02, 2016, 02:17:23 PM
Btc is tanking r0ach. C an you tell us how to deal with our problems now?
August 02, 2016, 08:52:19 AM
The r0ach report vol 2: Bitcoin happenings & Ethereum rough consensus attack
https://steemit.com/blockchain/@r0achtheunsavory/the-r0ach-report-vol-2-bitcoin-happenings-and-ethereum-rough-consensus-attack
https://steemit.com/blockchain/@r0achtheunsavory/the-r0ach-report-vol-2-bitcoin-happenings-and-ethereum-rough-consensus-attack
....and why would 'they' opt to reprice gold overnight?
Would simply repricing gold, repudiate all the debt obligations of the US government or something?
Am I missing something here?
Would simply repricing gold, repudiate all the debt obligations of the US government or something?
Am I missing something here?
Well, when you enter deflation it's because of two things, lack of liquidity and unserviceable debt. Repricing gold would theoretically lower the debt obligation while also having a sort of helicopter money type of effect to raise the currently low money velocity.
Easy way to create inflation is just to reprice gold overnight at some massively increased rate. Don't need to confiscate it, just say it is now worth $7000 an ounce. All of a sudden, you will have your inflation as all things are repriced. The US acts as broker / dealer & buys / sells to keep stability.
Problem is that gold is sort of out of favor (tellingly though, the central banks are mostly still buying. Except for Canada). But if not all parties have gold it be very disruptive to the financial system and the paper gold market would be very problematic.
Problem is that gold is sort of out of favor (tellingly though, the central banks are mostly still buying. Except for Canada). But if not all parties have gold it be very disruptive to the financial system and the paper gold market would be very problematic.
....and why would 'they' opt to reprice gold overnight?
Would simply repricing gold, repudiate all the debt obligations of the US government or something?
Am I missing something here?
Easy way to create inflation is just to reprice gold overnight at some massively increased rate. Don't need to confiscate it, just say it is now worth $7000 an ounce. All of a sudden, you will have your inflation as all things are repriced. The US acts as broker / dealer & buys / sells to keep stability.
Problem is that gold is sort of out of favor (tellingly though, the central banks are mostly still buying. Except for Canada). But if not all parties have gold it be very disruptive to the financial system and the paper gold market would be very problematic.
What is this?
r0ach doesn't think that Bitcoin is about to rocket into the stratosphere? He thinks BTC is just gonna kind of do nothing?
That my friends, is as raging a bear signal as I could possibly imagine....
r0ach doesn't think that Bitcoin is about to rocket into the stratosphere? He thinks BTC is just gonna kind of do nothing?
That my friends, is as raging a bear signal as I could possibly imagine....
It's the opposite. Whenever Bitcoin goes sideways for a while and shows any sign of stability, it usually always spikes high right after. Going sideways at a stable price for a week or two is the ultimate bull single. The Chinese accomplish two goals at the same time by holding it sideways here, inspiring confidence in the market as a platform for the next big upshoot, and bleeding out longs until that upshoot occurs. The best game theory motive is likely to pump it just a little higher to squeeze the shorts and put confidence in the market, then just hold it sideways there for a duration of time to also cause fatigue on the longs to capitulate, then you're screwing both margin parties at once to keep the price propped up until you're ready to skyrocket again.
That drop today seemed weird. I wouldn't be surprised if exchange owners buy/sell based on information about incoming bank wires. Also, a bunch of whiny traders were piling on because 700 got "rejected".
yep....no doubt....shit ton of USD being wired to exchange accounts and exchange insiders start buying.......shit ton of BTC being transferred to exchange wallets, and they will start selling.
I believe China is going to let this go sideways at $640-650 plus or minus $10 for a few weeks in order to fatigue the margin longs with interest rates to make them close and then raise it afterwards. At least that's what I would do if I was China cartel. Maybe they'll raise it to $666 again for shits and giggles. There are a lot of shorts right now, so it's not out of the realm of possibility for China to try and squeeze them either. I feel the odds mostly point to a semi-boring market for a while before it does anything.
What is this?
r0ach doesn't think that Bitcoin is about to rocket into the stratosphere? He thinks BTC is just gonna kind of do nothing?
That my friends, is as raging a bear signal as I could possibly imagine....
The very high level of shorts on BFX (longs are still comparatively way higher though), however, does pique my interest. I suspect that with the timing of these shorts, these shorts are being held by strong Hands. Probably mostly by miners who are hedging their bets and who are happy to lock in $600-$700 range prices for their future BTC. If BTC goes up, they don't give a shit, if BTC goes down, then they are covered.....still if the market where to force all those shorts to cover and/or be liquidated, that would provide a huge boost to the BTC price...but then again, same thing could be said in the opposite direction for the still extremely high level of margin longs....perhaps the smart money shorts are piling up, just waiting for the long squeeze in order to cover their positions?
Very hard to read, but from past behaviour, margin longs, obviously, tend to hit their max as spot tops out, then margin shorts pile up, whilst margin longs start to pull back, as spot starts to decline, with peak, or near peak margin shorts, occurring invariably near the bottom of the move......I don't think we are anywhere near the bottom of the move however....we only just getting going.
I believe China is going to let this go sideways at $640-650 plus or minus $10 for a few weeks in order to fatigue the margin longs with interest rates to make them close and then raise it afterwards. At least that's what I would do if I was China cartel. Maybe they'll raise it to $666 again for shits and giggles. There are a lot of shorts right now, so it's not out of the realm of possibility for China to try and squeeze them either. I feel the odds mostly point to a semi-boring market for a while before it does anything.
For anyone trying to understand the current world economy, I think this is about as good of a post as you can get:
Here is my explanation for trading the current world economy and why I do not follow anything Armstrong says, because he would have to be an insider trader knowing when and what the govt will do beforehand like Soros for what he says to have any value. If the government took no action, there would be a black swan event and the system would just all go down out of the blue one day. His data is useless against black swans, and his data is also useless unless he can predict when and if governments will act. It's a centrally run system, not an aggregate market by "capital flows".
if they don't create inflation, the system collapses. If they manage to do so, it would require helicopter money, basic income, or confiscating gold again and paying everyone who owns gold higher than market rate.
only problem is, only people who own gold is central banks and ETFs, so that plan can't work because the money wouldn't circulate
when your choice is collapse from deflation in 1 year time span for instance, or central banker intervention to collapse in 2 years from hyperinflation, they will always stretch out the collapse
using the tool of inflation
this is how they screw you though, with no central banker intervention in their rigged market, you get deflation and the price of everything collapses: houses, the value of gold, food, everything. So the central bankers sometimes insider trade the market and let the deflation happen, buy everything for pennies, then initiate inflation after.
so it's all about guessing if they let deflation occur first or just go straight from here to wheelbarrow hyperinflation
what if theres no deflation r0ach ?
i.e. the world economy does ok
china is exporting deflation to the US currently
and deflation collapses the system
so central bankers are forced to act
what if china stops doing that?
it's only a question of, do they let the deflation happen first and buy everything for pennies, or act to stop china
china can't
they have to keep devaluing to inflate away bad debts
to prevent systematic collapse
and of course, the US has to do the same thing
so it's a currency war
like I said, in a currency war of devaluation, both Bitcoin and metals would win in the end, but it seems like they do it by each nation taking turns to devalue one after another. So first China devalues and creates deflation here, then the US does it and it goes back to normal, then EU, and they keep doing rounds in a circle
and then maybe you have rogue nations that don't follow the script and just devalue to hell and back out of turn
it's unknown by most people if China + US + EU are following a script or not
if a larger nation breaks from an orderly script, that's when the fireworks start and you get super deflation or wheelbarrow hyperinflation
it's totally unpredictable
You seem to chart with only bitcoinwisdom r0ach....
.....tell me, how do you make such strings of killer trades, in at the bottom, and covering at the top, using such a basic, not to mention totally inaccurate, charting tool?
.....tell me, how do you make such strings of killer trades, in at the bottom, and covering at the top, using such a basic, not to mention totally inaccurate, charting tool?
Not being MatTheCat is all it really takes.
If that doesn't work, you can try watching this video:
https://www.youtube.com/watch?v=0akBdQa55b4
That drop today seemed weird. I wouldn't be surprised if exchange owners buy/sell based on information about incoming bank wires. Also, a bunch of whiny traders were piling on because 700 got "rejected".
Enjoy:
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