Topic: Martin Armstrong Discussion - page 175. (Read 647054 times)

I think the only reason LTC is alive is because of our chinese overlords - ETH 100% overtook Litecoins place under BTC.
Im seeing a ETH rise soon - ready to go long there anytime now.

And you think things like transaction fees and load capacity have zero effect on that?  That price just magically always increases in a 45 degree line?  You're trying to apply Metcalfe's law to something that's already virtually topped out in terms of load capacity.  I mean, Hall Finney already said bitcoin is useless except as a settlement network years ago.  For something like Metcalfe's law to apply when it's a settlement layer, it means govts would have to adopt the thing as the world reserve currency, otherwise it's not exactly having any interaction at all with most of the world's inhabitants.

Do any of you people interact with other humans in real life?  Like 99% of the people I meet do not give one flying shit about bitcoin lol.  Far more people have some type of interest in gold or silver, but still most of them don't have any of that either.  However, when there is some type of economic implosion, all of those people will be fleeing straight to gold and silver.  Like my dentist, I told him to buy gold when it was $200 years ago and he actually did buy and made a lot.  I told him to buy bitcoin when it was $200 and he was like, "no thanks" lol.

The log target is $100k just sayin.. I also agree LTC and ETH are hinting at a catch up wave. Grinding to ensue for king.

Most of the wealth to be made is sitting in an alt 30 to 75 ish on the marketcap chart those that are there now are in a very unique position especially ones that are actually releasing real stuff now or soon.

What happens when SJW women attempt to argue with people who are not idiots on the bitcoin forum:

Indeed I think BTC already topped out (or will next week as the move from $11k to $16k may have only be one leg of two legs up) at $18k – $25k¹ then will U bottom for a couple or few months and then skyrocket again to $40k (ditto as in 2013). Then a 67% decline back to < $15k.

Perhaps the altcoins will moon now during the interim lull (usually happens when BTC pauses), as LTC did in 2013 after the first BTC peak.

¹  _{Average pricing including Asian exchanges which are higher as quoted on Coinmarketcap, Shapeshift, and others}

You're way overanalyzing the bitcoin move.  A market can only pump until a good chunk of it's participants have acquired some type of life changing windfall profits.  I'd say that's already occurred in bitcoin for this wave.  The only way that's not going to be true is if the vast majority of the market is cornered by one or a couple entities, so that could also be sort of true with entities like Bitmain, Pantera Capital, etc.  But even those people are going to want to be diversifying their profits at this juncture the second they see a breakdown.

BTC will likely peak $18k – $50k then decline for 27 months to reach a bottom at  ~-67%:

Plateau move or Phase Transition followed by crypto winter?

Yep moving towards capital controls and war. But Asia will bottom 2020ish while the West will continue to fall into the abyss until at least 2032, because Asia does not have the huge entitlements to pay. It is all about taxation.


Huh? Did you not see I wrote that gold will go to $5000 on this page?

But hell no, if you think gold is going to $50,000. You’re tinfoil hat looney if you think that.

Cryptocurrency is the much more significant change that is coming to the world.

---

China, Japan, South Korea, Japan (and increasingly India) have embraced science and technology. And they’re already moving ahead of the USA. For example, China has employed entanglement at a distance to have faster communication lines over longer distances than achieved any where else in the world.  As the West collapses under oppressive taxes and debt collapse, our youth will be destroyed and their only future is to leave and head East. A massive brain drain ensues. Actually it has already started.

It must be very difficult for a boomer socialist with a colonialism pride to deal with the changing of the power structure of the world. But you’re too smart to get stuck in wrong-headedness.


Universal basic income seems to increase knowledge creation. The issue is the creation of a corrupt/inept/non-annealing centralized morass to administer it. If we could achieve it in a decentralized paradigm, then we’d have a huge win.

WILD FRIDAY SPECULATION:


Suppose there was no BITCOIN SYSTEM or similar such.  Do you all think money would be flowing into Metals or natural resources seeing the geopolitical events around the world.

Below is a wild speculation from a person who is not very well versed in BITCOIN etc.

The ZIONIST or BANKER (whichever title you prefer) Every ZIONIST I speculate knows the present monetary system is bogus. So to force usher in you must create or transition towards a new system -- as the current system they know is going to crash hard.

Zionists’ hornet’s nest -- get everyone to buy-into BITCOIN train.

This allows for them (THEM) to accumulate GOLD/SILVER on suppressed prices - allowing them time. Once current BITCOIN system crashes....they will use same ELECTRONIC BITCOIN OR SIMILAR SYSTEM (BLOCKCHAIN)...but back it up with GOLD making it legit relative to current fiat and again allow them to stay on top - as they were on the prior FIAT system (which is now decaying).

BLOCKCHAIN  will allow them to track everyone...dominate over everyone much easily.


HORNET'S NEST

Hi Thank you and being kind in handling my crazy inquiry.

This part below I need better understanding of as to why its valuable or what it represents...which enables one to than give to another to buy FOOD.

"Every piece of Bitcoin "owned" represents that you have paid for a piece of (more accurately: it's on the decentralized ledger Blockchain) of ENERGY and WORK having been done -- solving a math problem"

Well, that's pretty damn oversimplified, but anyway, Korea had to devalue it's currency during that by 1/2 overnight.  Let's assume your claim that all money flows to the US when/if the US raises rates is true.  These other nations with capital leaving would probably be in the same predicament and have to result to similar moves.  Just about everyone expects massive China devaluations.  But the point is, unless the entire planet is a centrally controlled banker matrix with synchronized, planned devaluations all in coordination, then the reactions and effects of these moves are not going to be predictable.

For instance, if all these other nations are having to do enormous currency devaluations, it could spark the biggest metals bull run ever seen and even blow up the jew banker metal manipulation.  You seem to claim raising rates in the US will be dollar positive and metals negative, but it's more like the exact opposite.  There's way too many foreign countries that will have a fear of their US assets being seized or held in some manner, so they're not going to flood to the dollar.  Counterparty risk actually matters and the only place they can actually remove that risk while also getting yield during devaluations is metals, not US assets.

Anonymint you are slow at recognizing traits of individuals from the patterns of text in their posts. You know how roach is.. he is stubborn hard headed and not technologically savvy. He also is married to his investments and only researches what solidifies his theories. His dismisses new information like a low IQ individual and typically does not read it at all. It is tough to debate anything with someone that throws the same arguments at you while your try to use logic. I would give it up with him. I typically use his style against him just to show how it feels like when hes debating himself.

Do not come into this thread like an idiot and not having read it and thus entirely not understanding Martin Armstrong’s thesis. Because I can’t correct every person who does’t read the thread.

The raising of interest rates is going to drive an international capital stampede into the dollar and the US stocks markets. Read the thread to understand why.

The developing world implicitly shorted the dollar to tune of $trillions of dollar denominated bonds issued overseas because dollar bond investors were chasing yield which was not available domestically because of ZIRP.

As interest rates rise not only does this cause the developing world to implode because it can’t service its dollar denominated debt, especially as the USA dollar increases in value due to this contagion stampede, the higher yields and appreciating dollar drive investors back to the USA.

International capital moves as a herd. The Asian crisis of late 1990s was caused by international capital herd moving to invest in Dot.com and Euro investment in Eastern Europe and such frontiers opened by the EU+Euro common market.

There is an outside chance of the DOW declining to 14K in flash crash if 2018 opens lower than 2017 high. Otherwise we headed to 42,000 by 2022 or earlier (with an outside chance of 60,000 by 2032).

If you understand the stock market and trade DJIA, SPX or in fact any stocks then I am sure you have noticed the free FED money driven jamboree is over, the much anticipated Santa rally didn't happen and now the market is volatile.

Are you that asshat Clifford Stoll who claimed the Internet wouldn’t replace newspapers, CDROMs, and enable telecommuting workers?

---

I see a proliferation of altcoins. I don’t see any deflation, other than the sound of fiat and gold and everything else being sucked into the vortex of the technological evolution.


That’s simple to solve. Just given them a set of signing keys and set up a hashed time-locked contract to pay all your stash them, but supercede that before it expires if you’re still alive and issue a new postdated one into the future (say every year or few years). So you relatives have to wait at most a few years to get access to your stash.

I warned you that you should not presume you know everything about what is technologically possible.


The Inverse Commons and the Knowledge Age will change that because knowledge formation and trading is not fungible. How many times do I have to tell you to go read my essays cited at the OP of CoinCube’s Economic Devastation thread. I am not going to explain it to you again. Tired of repeating myself.

You’re a Malthusian dinosaur.

You cannot be serious.  Besides the fact that it's not actually possible to create a decentralized digital currency so bitcoin has zero fundamentals, it could fail for thousands of other reasons even as small as people being too confused and not wanting to trade in increments of 0.000000000000000001 Satoshi and not having any type of consensus on restructuring the decimal system lol (besides other issues such as not being able to scale to service a small town).  

There are so many reasons why bitcoin will not defeat metals it's absurd.  It's not even deflationary, it's HYPER deflationary.  Each time someone dies holding metals, the metals are probably recovered 99% of the time unless you're a fucking 18th century pirate.  When someone holding bitcoin dies, the things are gonna be gone with the wind an overwhelming amount of the time.  Hyperdeflation is just as stupid and dysfunctional as hyperinflation.

But then there's the fact that the vast majority of the general public will not even hold their own coins and instead use a bitcoin bank because they're required to have some type of chain of custody for their relatives and children in case they croak.  So nearly all the bitcoins will just be sitting in the banker's pockets anyway.  The jew banker goal is just feudalism where they're the slave plantation owner, so things would be completely unchanged from how they are right now and it would all just collapse anyway on it's normal trajectory as if bitcoin never existed at all due to their unstoppable greed.

We are on a trajectory that bitcoin will likely have little to no effect on in the grand scheme of things because it does nothing to address the human element (if you were to classify jews as humans).

Actually with 3D printing yeah soon I will be able to commission a new one by clicking a button and my trusty robot will even do all the work. (3D printing of metal is advancing)

Even if we want mass production, we can save the entire process and design of a factory in a digital file and robots can reconstruct the thing with the press of a button. Starting from 3D printing to build up molds and such.

Until you stop arguing against the inexorable trend to maximum division-of-labor you will forever fail. Because the universal trend to maximum entropy (fundamental Second Law of Thermodynamics) requires the inexorable trend.

I’m not trying to chest thump. But really man you’re too smart to continue to get this wrong.

---

You were doing well on the part about the Zionists creating it on purpose, but you went tinfoil hat retard when you presume they did not anticipate the future effect of ASIC mining. Even Satoshi was anticipating ASICs and centralization. They created Bitcoin because they control it. It is a better reserve currency to replace the dollar, which they can control. It was the efficient way to get a NWO reserve currency without nation-states being able to resist politically.

---

Sorry to be critical but if I could speak factually…

Way too conservative even for your age. You should have at least 10% of networth in crypto for it to make a significant impact. W.r.t. to crypto you’re effectively just wasting time playing an observer game which has no relevance at all to your life or your mark on this world.

Crypto should be about 90+% of my networth (except for any brief periods of side-stepping massive corrections).


Precious metals are an insurance policy (or parking place for capital outside the fiat banking system). They are not for growing your share of the world’s networth (even in fiat collapses it is just a transfer of networth from the sheep to TPTB wolves) so precious metals don’t really gain.

Crypto is like the move from the buggy and whip horse carriage to the automobile. If you invested in such a new technology you became a $billionaire.

---

Yeah technology is diversifying and decentralizing at a breakneck pace!

Only Dark Age I could imagine would be if we somehow made ourselves extinct by meddling in our genome. Our rate of technological+cultural evolution is moving much faster than the species selection process of evolution can anneal, so it is possible we could loose too much information and create a huge accidental extinction (a concept that argues against too much decentralization which @CoinCube had first pointed out to me with a biological model). The paradigm is Transhumanism.

I wonder what is the underlying psychological reason that roach hates technology so much? He seems to associate technology with centralized control? I suppose he thinks if we were still in the Stone Age then the Zionists and banksters would be powerless to control individual humans. But who the heck would want to live in the Stone Age?

Anonymint is going to reply with his pre-scripted text of "oh, the US will implode but asians will all turn into supermen and rule the world".  These asian nations like China and India are already ecological disasters due to population issues, and would become even more so with higher standard of living, so there's not going to be any prosperity arbitrage and things just continue on as usual.  I mean sure, China could invade Africa and exterminate everyone then use that land for their farming and dumping grounds to prevent themselves from going under, but it's kind of far-fetched current day.

Markets are organic. They suffer when there is a lack of innovation. Dot com led us to the technological revolution and blockchain will lead us down the next one. We may come down for a year or two as the blockchain industry matures but its looking pretty bright. I would say chances of a long term dark age are slim to none..

Why the Anonymint "knowledge age" is a complete fallacy and we will 100% have another dark ages:


Or to put it more simply, when you walk through your house past the various instruments now required by humans in day to day life such as a refrigerator, do you have any idea how to build one yourself from scratch?  The answer is no.  Well, I'm sure Anonymint is going to lie to me and claim he can build a Kenmore refrigerator from scratch out of various objects he can find on the beach of the Philippines, but that's besides the point.  The point is, humans are likely far more specialized than they should be when you have entire towns and cities of huge populations where not a single person can build a computer, refrigerator, or even a steam engine themselves, unlike in the 1700's to early 1900's where people could still build or fix most objects in the house.