Topic: Martin Armstrong Discussion - page 176. (Read 647176 times)

y2y bitcoin went over x20 - you might want to change your investment strategy on a commodity like bitcoin with such a huge upside.

Not crazy at all.  FWIW, here is my response, quite imperfect and simplified:

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.  BTC is worth something because many, many people are OK with it as a somewhat Store of Value and Medium of Exchange (thus fulfilling to one degree or other TWO of the three most famous properties of "money" [the other being Unit of Account]), you can buy gold on the Internet with Bitcoin.  I have done it several times.

All the cryptocurrencies more or less share the above characteristics.

I own BTC and precious metals (mostly gold, a fair amount of platinum and tiny amounts of silver & palladium).  More $-value of what I hold is in the metals vs. BTC.

As BTC price has been rocketing upwards, I have been SELLING BTC and buying gold.  When BTC is over 1.00% of my net, I sell some for gold.

What is a Human body without a Soul -   likely something artificial / impostor / fake

With USD$ as fiat as it may be....is represents United States of America and its Economy / its Government
Sames with all other paper Currencies...they represent something.

Metals even have some industrial value

What exactly does BITCOIN REPRESENT or WHO or WHAT?



I'm asking - because I still can't understand what or who BITCOIN represents.   I only speculate that during this BITCOIN RUSH..and someone  or some state is accumulating metals or other objects of real value to later use and back up BITCOIN....

Sorry for my crazy inquiry.

Why this forum should be renamed to scamtalk.org:


And a recap of today's events:


Why bitcoin probably really exists:

Roach gold will go to $5000 but not because of any of that tinfoil hat nonsense.

Nevertheless Bitcoin already went to $15k already.

Marrying an investment or dogma is not how to be a rational investor. You decided crypto is not sound long-term and you allowed that to impact your short-term analysis of human nature and bubbles.

Don’t invest only on fundamentals. Learn to trade based on capital flows.

So after we sell our 10 - 100X gains since you sold BTC at $600, then we will be coming in and buying gold cheaper than you bought it. Being too early to the party is as bad as being too late.

P.S. buy BCH. Take profits on BTC and IOTA on the way up into altcoins which have not yet mooned. I think BTC is heading for a short-term peak now due to the CME futures markets launching on Dec. 1018. Sell the news, and alts that haven’t already mooned should do so next. End of the bubble probably comes later when the whales are massively short on the futures markets and then SEC attacks ICOs or something like that. Perhaps BTC will moon to $15 - $20K now in December, then cool off for a while and make another run for $25 - 40k in first half of 2018.

With great respect to you two guys, my *guess* is that Ft Knox, West Point, the Denver Mint and the FRBNY (latter as a custodian, not OWNER, and they hold an est. 400 tonnes of US "National Gold" as well as some 7000 tonnes of foreign-owned gold, maybe less now that the Germans took some back) of the US gold probably is 8133 tonnes (total).

Most trusted reference: relatively anonymous smart gold analyst FOFOA

Stealing thousands of tonnes of gold would be VERY hard to do and keep secret.

I really don't know how bad the manipulation of gold really is, my *guess* is there is some, but perhaps not as much as many believe...

NO ONE at the central banks and .govs gives a shit about silver, my opinion only, but based on my extensive studies.

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CornCube

Re gold coins, the rules are a bit different for AMERICAN gold coins, somewhat less-reportable (should you cash them in).  I am pretty sure about this.

If any of you think you may need to resell gold in small-ish amounts within the USA (say < $5000 worth at a pop), buy the American as the reporting laws are more lax.

Do your own diligence though.  BTC is now under MUCH greater scrutiny by the IRS now (I have seen some of the actual TEXT they send to tax preparers).  Gold has long been heavily (yes, heavily) scrutinized by .gov -- check out the money-laundering manuals at many coin shops...

Selling BTC at a profit, even if "exchanging" it for gold means that the IRS will be able to easily acquire that info  The bullion companies invoice in US$!!  That means it is not a "like-for-like exchange".  I spent some 9 hours over the past three days just to get me ready for filing my 2017 Capital Gains declarations (I have made many many BTC buys, often in small amounts).  Yep, it's a REAL BURDEN.

But: DON'T FUCK WITH THE BIG RHINO (IRS/.gov) !!!

You said the same thing when bitcoin was 400 and u were claiming theres an invisible hand keeping bitcoin and thus your position down. Then you sold for $600 and got into metals and since have been losing every day almost. I told you once bitcoin passes gold price again it will be for good remember? Anyways gata may be right about some things but there is a reason gold is not moving up.. because its not as valuable as it is. Priced in it will fall below production.

Yeah. The books say ~8133 tonnes in Ft Knox. But I share your skepticism.

Anyone who claims there's a free market for metals is a complete fraud/shill.  There's $2-4 billion naked short smashes literally every other day now.  That's how you can tell things are in the end game, they don't even attempt to hide their actions anymore, operating completely banana republic style.  I'm also 99% sure Fort Knox is empty.  The trajectory for gold holdings of the US was on a clear extreme downtrend when it was in the 4000-8000 ton area decades ago.  The absolute best case scenario they could still have is something like 2000 tons, but in reality, the number is going to be much closer to 0 than 2000.  It's possible they rigged the metals market and JP Morgan acted as an agent of the US govt to purchase a horde of silver instead so they have something to fall back on for plan B,C,D,E,F when their original plan to force everyone onto a digital only slave currency fails as current debt based fiats implode.

Welcome to Hotel CaliforniaUS[Sof]A, “you can checkin but you can never checkout”.

“They stab it with their steely knives but they still can’t kill the Beast … Last thing I remember is I was running for the door. I had to find my passage back to the place I was before …”

(that song reminds me of my eerie dreams when I was 5 years old of being swallowed by a darkness and the dream that my father had been captured in the vase of the Indian snake charmer playing the flute for the cobra coming out of the vase, but the song I heard from the flute was more like Black Magic Woman)

However I do not think those laws have been proposed w.r.t. to reporting gold coins:


A high in BTC of $15,000 or higher (maybe even $25 – 40k) and a low in gold of $1050 or lower (probably not lower than $850 in any case) might be a good trade indeed.


I’m trying to find that weird nana na na na song that I used to hear in my dreams as a 5 year old, but any way aerobics in India, lol

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CornCube

That Bill S.1241 being proposed is a real stinker.  Illegal to hide your assets?

Maybe that Knowledge Age thesis is right.  Very smart people will WIN, the rest will LOSE.  I wonder how many will be in that lucky group of very smart guys who will work hard?

Has Armstrong ever looked at the Knowledge Age idea?  Doesn't seem like his cup of tea, but his views would be useful.

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Cryptocurrency BTC (which DOES have its problems) is slowly leaving Bearing Guy's "Stack".  Just sold off a schnitzel of BTC for gold @ $12,180.

"Bankster Odeur" may be that faint smell in the air.....

Also very interested in what MA has to say with regard the relationship between a potential crypto high and gold low.

I'm still on the fence with gold longer term but if we do dip below $1,050 oz then I will definitely diversify a reasonable portion of crypto holdings into gold stocks and coinage to hedge against the incoming financial crisis.

Would not be surprised if MA actually reads this thread!

We are all mostly informed enough to give a 1 or 2 pct edge. Where traders fail is money management and expectancy errors. You dont need MA for that. Ask any good trader and they will laugh at those wanting MA for any short term analysis. First know yourself then you can conquer the markets. That statement takes 10 years to figure out for some and a lifetime for others.

The goal of a day trader is to be correct only more than 50% of the time. The small increments add up over time. Nobody is correct 100% of the time on the short-term. Numerous times MA has written that they shorter the time-frame, the more chaos and thus the less accurate/stable the prediction. No one here has done comprehensive analysis of his performance on his paid trading reports. I’ve been reading his paid updates and they contain what if scenario nuggets which have been very helpful. For example, one current open nugget is that if the DJIA opens 2018 above the 2017 high, then it’s very unlikely we will see a major correction in early 2018 and instead that we’re already into the move towards 35,000.

MA is trying to figure out the relationship of the crypto bubble to gold. I’m very interested/curious to read his theory about any such relationship.

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In the following blog post, MA points out that he’s been battling the “NY Club” (why doesn’t he realize/admit these are the Zionists?) since even as far back as 1980s when he was one of the 3 largest market makers in physical gold. If you think you’re going to be able to evade taxes or confiscation of your physical gold, read this:


He’s incorrect about them using that legislation against miners. Rather they will use it against exchanges and administrators. FinCEN and the IRS have already stated that miners are not money service businesses as long as they mine for themselves and not on behalf of other customers. Besides the Zionists are behind the largest mining farms, they own millions of BTC (the ones Satoshi mined and all those mined since by their mining farms in China which they lease from Bitmain et al).

He’s correct though that they created Bitcoin to be able to track everyone and at the same time move the power over the coming global reserve currency (Bitcoin) surreptitiously under their control via the anonymity of mining.

So this new legislation is yet another salvo towards insuring we’ll have to report all our cryptocurrency to the governments. The USA is moving aggressively to make it impossible for us to use exchanges or cross a border without becoming illegal if we haven’t reported our cryptocurrency.

His macro calls are public no need to buy those and i could have told you those. Listen to me instead? I always said im on his side for long term macro minus his crypto view but he seems to focus more on short term because thats what ppl wanna pay him for.so he does it and thus my comment. Do ppl pay for macro views?

So we should have bought gold and silver when they where $1800 and $48   And bought the Euro at 1.30   And sold the DJIA at 12,000   And bought oil at $100 

All of those macro trades he was spot on. In fact, his computer even nailed to the exact dollar the end of the year oil price for the year it collapsed from $100.

I think you need to check your facts. You’ve probably completely failed to understand his macro thesis since 2012. Perhaps you got confused by some short-term trading thoughts in his blogs. Trading the wiggles is not the same as the macro thesis. All of the complaints I have seen in this thread have tried to use short-term trading blogs to paint an incorrect understanding of MA’s consistent long-term macro stance.

Do the opposite of him and u will be fine

Armstrong is finally going to give us a report analysing cryptocurrency!


Btw I had access to the How to Trade a Vertical Market report. It was mostly about history. The actionable information was basic common sense that seasoned traders already know.

Ah I take full credit for turning Armstrong on to this perspective (see copies of my emails to him upthread about this topic):


I promise I didn’t read Armstrong’s blog post before writing the above quoted today. It’s eerie that he and I often write the same things within a day or two of each other.

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Actually I think it may be possible to per the quote I gave in my prior post in this thread.

However, the Zionists will of course take control over it if it becomes a major fungible monetary system. So we need to do something about killing the fungibility while still making it a worthwhile endeavor.


Indeed we’re headed into the Knowledge age and out of the fixed capital investment industrial age.

Roach is still stuck in the past with his physical trinkets. The Zionists also control the major monetary system of tradeable gold (although Rothschild sold his interest in the London Gold exchange a few years ago), so roach can have fun trying to find someone else who wants to accept his trinkets in barter trades in the outback.

I empathize with roach’s understanding that most everything is a Zionist (not Jewish!) trap.

@criptix, I will be hoping to get a full modern medical system diagnostics on my health over the next few weeks. Setting up appointments today as I have enough funding now even without health insurance given the appreciation of crypto investments and the kindness of others. Also hoping to experiment with IVC therapy. I lost my voice this week (but it’s coming back now), presumably from a head flu and not related to the multi-year chronic health issue.