Topic: Economic Totalitarianism - page 40. (Read 345758 times)

You sold bitcoin at 400$? So now you have worthless fiat that can be confiscated anytime 


So now you see why Trezor and Ledger are not the best way to store your bitcoins.

Trezor might be secure against hacks, but its not secure against extortion.

hehehehe i pulled out my cash at 400 B AWHAUHWUAWHAW

http://www.nestmann.com/theyre-coming-for-your-cash

http://www.nestmann.com/spy-on-your-customers-or-else

http://www.nestmann.com/how-to-stay-off-the-no-fly-list

http://www.nestmann.com/how-to-protect-yourself-from-border-big-brother


http://www.nestmann.com/the-big-biz-big-gov-world-of-donald-trump

...

bigtimespaghetti

Yes, if you do not now own any Au or Ag, NOW would be a good time to acquire a position (physical only, no "paper gold").  Especially if you have children.


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Economist Martin Armstrong put out a great piece today that is very relevant to the Economic Totalitarianism being inflicted on almost all of us:

"Yellen Tells Congress Negative Interest Rates Are Possible"

http://www.armstrongeconomics.com/archives/38983

Janet Yellen told Congress:

“Potentially anything – including negative interest rates – would be on the table. But we would have to study carefully how they would work here in the U.S. context.”

OROBTC comment:

Um, how is it that the head of the Federal Reserve (NOT part of the US government, the "Fed" is privately owned, not only that the ownership is secret or at least obscure) tells CONGRESS what the direction of monetary policy should be?

Armstrong also notes that "negative interest rates would wipe out the elderly."  NIRP may not wipe them out, but with NO INCOME (or even negative income for cash in the bank), it would hurt a lot.

I am not an economist (and would resent any innuendo that I am), but IMO we should get back to a POSITIVE (but modest) interest rate.  Savers are people too!

Probably should have got some AG/AU myself. Was easier to just trade the parabola. Funny you should mention buying metals, a friend of mine did exactly the same thing! With btc that is.

TPTB

Always nice to see your thoughts.  You come on back from time-to-time now, ya hear?

The BTC price run-up indeed has been completely orthogonal to gold.  I mentioned that I took advantage of the run-up to buy some gold with some of my BTC.  I sold at $410/BTC for the Au.  Next day it was at $490 (highest price that I personally saw).  I thought:

"Damn, I should have waited a day to buy [gold] !!!"

Then the price comes down today to $395 at one point, so I forgave myself (it's gotten easier to do that, having stopped drinking   ).

At this point, having "proved my point" (selling into a possibly bogus rally), I will now just sit this out and HODL the rest of my BTC.

This $380 - 440 was a near-term technical projection (target to be reached before roughly Oct 1 afair if it did, otherwise new technical projections would be required) on a chart and has nothing to do with Armstrong's model for a low in gold this coming Spring 2016. Also that technical projection may have increased by now (Nov. 5).

The price is going crazy volatile now if it was up to $495 while I was sleeping and then below $400 when I woke up.

Coinbase announced they are supporting the BitcoinXT block size increase in December. Rumors China will make Bitcoin legal. And the CHKLOCKVERIFY opcode to enable Lightning Networks has been moved into the Bitcoin code and to be a reality no later than early 2016.

Bitcoin could be diverging from gold. It is possible especially considering it is an orthogonal global speculation vehicle. Armstrong has documented yesterday that some stock markets appeared to have bottomed on his Oct 1 (2015.75) turn date.

The theory that Bitcoin would mimick Armstrong's gold bottom timing was my guess, not Armstrong's.

However, the liquidity contagion has not yet hit the sovereign debt crisis. Thus speculation is renewed. Let's see what happens to liquid assets such as gold and cash (Bitcoin) once there is a liquidity crisis. Also this pump would be a great manipulation for those who did it so they could borrow BTC to go short.

This nosebleed rise has all the markers of a pump and dump job.

If I had enough $ to speculate with, I would go leveraged short at $500. Alas, I am just converting BTC to USD so I can be sure I have the cash to pay my bills so I can code an altcoin.

Who am I to let the truth get in the way of a good conspiracy theory 

Oh also months ago I noticed the MLMS around bitcoin use the coindesk as a mainsite, I guess its there mainstream go to etc to sell news.

I usually just do the opposite of what coindesk does to make money.

Ah, sorry. i think I misinterpreted the "tone" of your post.

BTC news sites are of course a complete joke in general, but that's orthogonal. 

I don't really know Luigi, I only threw that out there because I saw a coindesk article on it.

It's only speculation on my behalf and I don't care enough to investigate whether it's plausible or tin foil hattery.

That seems excessively tinfoil-hatty to me.

1. It's a piddly amount of money for the USMS.
2. Why was nothing similar done for the previous auctions?
3. Who would orchestrate it?
4. Why is the volume in China?
5. Why has it sold off $100 when the auction isn't till tomorrow?

I think the price was manipulated only for the final silk road BTC auction, lets see.

Damn my prediction came true, very sharp:


Now lets see if we can hit 500$.


I wonder how the elite think about bitcoin's rise in price?

I concur that you predicted $315 in May and that you believed there was the possibility of it going to $440. I sold at the July high at around £315, playing safe that I wouldn't lose out if it never met that figure again before the drop, instead of risking hanging on for the possible $380-$440. OK, I was wrong! Hope I won't be again in not buying during then last few days on the rise to $500 plus? (currently $495). Academic for me as out of the game.

Hmmmm ... "you people" ... "spouting" ... behind your back, when you are not around. Can't you be civil when someone points out your mistakes? Your ego is so big there is no room left for some honesty to admit your mistakes. In this case when it would be enough to say: I am sorry, I was wrong about the BTC price with my shitty predictions and investment advices.

After a 5 minutes lookup here are a few posts of yours from klee's thread

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With regards to the price of these weeks/months, you have clearly expected no higher price than $325 +-10 for Bitcoin and then according to you should come "the inevitable decline" to double digits, which decline according to you will be completed by spring 2016. Lets not be worry about that spring 2016 prediction, you might get it right or might not. What I am saying is, you were simply wrong as you categorically said there will be a decline to double digits following the early summer rally of $315. However, as we speak the current price is $475.00 on Bitstamp ... rather than "all hell breaks loose".

I hope nobody has listened to your investment advices by shorting from $250 or selling at $250 when you were banging on everywhere on this forum how great your predictions are (at the time when you got right the $315 top).

Except it again proceeded exactly to my prediction of a bounce up to the $380 - $440 range:

https://bitcointalksearch.org/topic/m.12880333

I have no idea how you people manage to ignore the details of my predictions and then go spouting off slander when I am not around to read it. Luckily I came back here to set the record straight.

This past May I predicted the rise to $315 (exactly!) and then a fall down again. I have maintained that Bitcoin will make final lower lows (< $150) roughly on target with Armstrong's benchmark targets for gold, which is in the Spring of 2016.

You will even find where I have been predicting a bounce in Bitcoin since August or so, when gold started to bounce. I can't fathom how you forgot that?

Nothing has changed, except if Bitcoin moves higher into the $500s, then the technicals I was using to target a $380 - $440 bull trap bounce would be wrong. But that doesn't necessary change anything about the < $150 low coming.

Btw, I am selling as fast as I can now!

Let's see who gets the last laugh on this one.

Yep, who can know in a world where so much is connected. No one knows how BTC will perform in a chaotic downturn - will it sink with everything else, be less affected due to its outside-of-govt status or destroy itself?

I think BTC will stabilize. We could see a correction but who knows.

I personally dont think we will get back to 150$ again. But this is just a mania, it makes me sell my bitcoins, but I wont because I believe in the community!

http://www.zerohedge.com/news/2015-11-03/worst-refugee-crisis-world-war-ii-one-stunning-infographic