Topic: Martin Armstrong Discussion - page 183. (Read 647176 times)

Gold going to $400 was a better statistical play than bitcoin going to $7000 you fool this is what you dont seem to get.

First China bans ICOs. We're in a reprieve or deadcat bounce until the SEC, the UK or some other major country (Japan, Singapore, Hong Kong, Russia or South Korea?) bans or threatens enforcement against ICOs.

It's either coming or nations will have abandoned their regulatory power over fundraising...

I don't have any opinion on whether BTC is still going to exceed $5000 before the coming doom. Perhaps China will come out with regulations for ICOs making them legal but forcing them to trade only on regulated exchanges, and that might rocket up the market again. And then the market could get knocked down again if/when another major country adds regulation enforcement for ICOs. I lean towards eventually regulation is going to be enforced against ICOs in several major nations (if not all of the G20), which will make the ICO issued tokens illegal to trade, spend, and use (except on regulated exchanges for tokens registered with the authorities in each of those nations). This is why I'm contemplating another way to do fundraising that doesn't encumber the tokens with this future regulatory risk.

P.S. I don't think China's ban of BTC-fiat exchanges is permanent. I believe they will just tighten capital controls such that it's impossible to move fiat on to the exchange, buy BTC, and take the BTC out of the exchange over some threshold per individual per period of time. But even that is sort of pointless, as they would need to also regulate mining to prevent people from buying BTC with fiat. W.r.t to tokens which were not ICO issued, China mainly needs to control capital flight.

If a country want to become a little less dependent on the US Dollar block and facilitate trade in general, a loose approach of cryptocurrencies would be a good policy. We can see which countries are acting wisely.

I am still wondering what China want to achieve with their bans. It is a pointless move unless they change China into a second North Korea; completely shut off from the rest of the world.

And if y'all think China isn't becoming extremely important and powerful:


Btw gold peaked at $1362 again as Armstrong predicted:

https://www.armstrongeconomics.com/international-news/north-korea/north-korea-the-crazy-boast-nobody-takes-seriously-anymore/
https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/private-blog-gold-1362-50/
https://www.armstrongeconomics.com/markets-by-sector/foreign-exchange/usd/am-i-certain-about-the-strong-dollar/

China opened a bond market and is starting the decades process of creating a reserve currency:

https://www.armstrongeconomics.com/markets-by-sector/foreign-exchange/usd/reality-of-the-dollar/

CoinCube, I want you to watch this and pay attention closely:

https://www.youtube.com/watch?v=2kwF1MXavYs

Duterte warned George Soros that there is a bounty on his head:

https://www.youtube.com/watch?v=2aoStEmNR0Y

God you are a fucking idiot.  I bought and "sold" like 100 different trades during the halving.  I've done another million trades since.  My only use of bitcoin is to jump in and momentum trade it, extract money, then use the money to purchase non-scam assets (aka assets that aren't bitcoins).

What happened to your claims that gold was going to $400 then $0? LOL.  Now we have Mnuchin going to fort knox to do press releases about the "gold" there.  We all know it's getting close to gold revaluation time when stuff like that happens.  There's going to be no $400 gold, there's going to be $5-10k gold revaluation and even higher percentage gains in silver.

Majority you sold at $600 dont even try to lie about that.

Lol, can tell my 100% true comment infuriates you when you start trying to fabricate lies again to make yourself feel better.  You know zero about how much fiat, metals, or bitcoin I have, so you can stop trying to pretend you do.  Almost every single thing out of your mouth is a lie.  

I even posted an invoice buying $2k per week in silver and paying with bitcoin when bitcoin was like $3000 and silver $15.70, yet you still repeat your cut and paste lies over and over.  Remember when you claimed 5000 times along with govt shill Armstrong that gold was going to $400?  HAHA.  It's cost of production is over $1k but it's magically going to zero!

Gold needs to correct to $2200 just to get back in unison with it's 92% correlation with US debt charts.  Silver will likely rise to $73 or so when it does.  The next numbers to look for after that are $3k gold $110ish silver when some financial panic starts, then $5k gold $166 silver.  

You watch too much tv. If wallstreet says that then do the opposite. Its the least crowded trade. Medical mairjuana is more crowded than bitcoin and even that is sexy for VCs right now. Something tells me you dont have the iq to understand cause otherewise you wouldnt have sold bitcoin at $650 for gold which is underwater when you could have been 6x richer. Dont even talk nonsense like.you didnt sell because you will be insulting all of our readers intelligence by doing so. Your an easy read man sorry but thats the truth.

If we're going that route, everyone should immediately dump all craptocurrency since Wall Street says it's the "most crowded trade" and put all profits into silver since nobody is talking about metals and silver is a leveraged play on gold.  But something tells me you don't actually follow your own advice.

Trade against the herd and you generally wont lose.

What do you mean by do the opposite?

Do opposite you will be fine

The same guy that was against Bitcoin is now into Bitgold. Priceless 

If I understand correctly from MA's past posts  -- the USD$ should start to rise - which would be the cause of its decline
 ....its been very weak and getting weaker.

?

If I understand correctly from MA's past posts  -- the USD$ should start to rise - which would be the cause of its decline
 ....its been very weak and getting weaker.

?

@OROBTC, another very rarely strong hurricane (Irma) in Gulf of Mexico just after Harvey dumped a 1000 year rare amount of rain on Houston.

I did some research on the prior Maunder Minimum and apparently rainfall and storms became much more severe north of Venezuela. So expect storm season to become worse in the Carribbean, Florida, Texas, and Puerto Rico.

In other places, drought worsened. Note how Puerto Rico has been experiencing drought in the winter and then praying for more rain in the summer.

Meanwhile according to MA, the real reason banks are too big to fail nor jail, is because they have to pay off the judges who then allow the banks to do what ever they want as long as the judges get paid.

Hey but getting raped by bankers is more pleasant than being the step-brother of Kim Jong-un.