Topic: Martin Armstrong Discussion - page 197. (Read 647054 times)

Problem is: the rest of the world does not care about PMs right now. It's dead. Could be a contrary indication 

This is nonsense.  You have to be flat out lying to claim bitcoin is a better store of value than gold or silver and I already explained why in this post:

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-13-why-the-economics-of-bitcoin-don-t-actually-work-what-satoshi-really-meant-when-he-said-the-price-would

You are looking for pump and dump gains.  You don't care about what is better or worse.  Having said that, the upside potential on silver is just as good or better than bitcoin anyway.

#4  A new entity?  Who?  Not Israel, they aren't interested in bossing around more Arabs in any "Greater Israel".  Who else

#6  USA is much better off than UK and Europe, at least IMO.  The USA could become isolationist though.  Europe has BIG problems.

Again, my opinions only. 

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I'll buy in the narrative that China and the USA are the two biggest players in BTC (China mining (producing) them), but Korea and Japan are moving fairly quickly into becoming major players.

Largest Gold Producers (approx order):

-- China
-- Australia
-- Russia
-- USA
-- South Africa (yes, fifth place)
-- Peru

Silver:

-- Mexico
-- Peru
-- China

Oil:

-- Russia
-- Saudi Arabia
-- USA (inc. shale oil)

Thanks i will check it out


If btc bottoms at 2k then im very happy

I sold half of my xmr stash in the last few days when it went .022+.
Some thoughts about a xmr bottom?

I think both BTC and XMR are gonna take a hit.. 

sidhujag

Apologies for jumping in...random thoughts...with GOLD depending on what one beliefs it operates differently.  If one is to pick one mid-ticked item i.e. IPHONE or similar such and track its value 2010,2011,2012....my question is how much bitcoins, US$ or CDN or EUROs it will take to buy that IPHONE each of those years...or cost of groceries. ....and than same using GOLD as medium of exchange.

Its the medium of exchange...relative to your home currencies purchasing power.

TO: OROBTC



Regarding #4 - not Iran,China nor Russia....a new entity.
Regarding #6 - USA likely becomes so irrelevant -- it wouldn't matter...UK/EU (Germany) will call shots.

On a unrelated side question:

Who controls supply/creation of Bitcoin/Cryptocurrency relative to supply creation of i.e Gold /Oil / Silver etc.

Noone ever said to go all in crypto. He has none his whole job is to fud and shill metals and put bitcoin down since he sold.

I have been telling people to buy sys because of whats coming. Check my posts. BM WEB is still to come so still a good time to get in.

You should have told us about the syscoin pump 

@leverage

As far as i know you can still go 10x leverage on some exchanges/service providers.

@bitcoin/crypto

I think it is likely to see an ath of 5 k at the end of this year.

And i agree with roach that you should not go all-in in crypto.

I never said either of those things. Yes as the syscoin dev I do alot of reading and I check out code of projects that deem worthy. I know where the market is headed and whats driving it. I am establishing foundations for entire states to start using crypto. I'm making changes in the world, how about you? What will you be known for?

Well yes, the entire crypto market is a pump and dump.  As the syscoin dev, I'm sure you're well aware of this.  Trying to tell people that they should have every cent in crypto is ridiculous.  If the price of bitcoin doubles it's not a very big deal to me unless I would have actually had the foresight to max leverage trade it beforehand.  Gains are really only interesting to me when I can leverage them, but there's not even a good leverage exchange for trading BTC now, which is one of my main annoyances of the bitcoin market.

By that logic the entire world is a pump and dump, since nothing lasts get in while gettin is good. Entire corporations follow an organic pattern, entire cities, equities and entire global marketplace by extrapolation follows the same behavior. Knowing the right side to be on is key here. Where the market is headed, and fundamentally where it should go are 2 drastically different things. I can't tell you that the later is in this case related to PMs or a form of cryptocurrency, but I know the former and again it's that key mistake you keep on making.

This is 100% false.  I was "shilling against bitcoin" when the price was $200-$400 even while being all-in on bitcoin at the same time.  I'm sure anonymint remembers.  The fact is, if you could play god and make either silver/gold or bitcoin the world reserve currency and be allowed to invest in either beforehand, there would be zero reason for anyone to choose bitcoin.  The world would be far better off with more freedom and stability using metals like silver.  Bitcoin either inevitably centralizes into monopoly or a govt controlled slave system...or goes to zero.  The only reason to choose bitcoin is if you plan to be on the right side of a pump and dump.

I don't regret spending some bitcoin to buy enough metals to cause a large gain for me when the price goes up for the same reason I have zero regret not holding dogecoin when the price of dogecoin doubled a few days ago.  There is always some worthless asset pump and dumping every single day that you will "miss the boat" on.

noone said to be all in but you clearly have sold your btc position at $700 around when your stance changed along with your position because you certainly have been shilling against bitcoin and for metals exclusively ever since. 1% of your wealth should be in bitcoin at this point. The same or less in gold/silver imo because they are higher risk and lower reward. They are both better than fiat but bitcoin is at the top of the pyramid for the foreseeable future.

You have been standing and watching from the sideline, watching the "big one" as I have explained to you prior to it taking off. If you had caught the ride (if you had not misjudged the characteristics of cryptocurrency) then you would have been able to stack a bigger position in your precious metals ten fold. That is certainly a very very big potential loss you have just incurred at which point you should probably go back to the drawing board on the core of what you believe in and have assumed. Perhaps reading the articles I have posted may help.

Since you don't seem to be getting it I'll try to fill you in. The market has been looking for money that provides higher utility. Bitcoin is by perception that thing. It may not be fundamentally but that does not matter, it's what the market thinks and having Bitcoin there as the only option (whether it is an experiment that doesn't work or not) is all it takes for it to take network affect to the highest level before fundamentals kick in. Markets will always remain irrational longer than you may remain solvent. At this point your headed towards insolvency effectively in comparison of the two outcomes of decisions by not recognizing this key behavior (one that I might add is what brought us all here in the first place).

I've been buying silver and gold all the way from a bitcoin price of $750 to $1800.  Stop trying to pretend like everyone should be all-in on bitcoin and 0 other assets when that's the dumbest possible idea imaginable.  And the odds of it going to zero are not any lower now than before since Bitcoin seems to be required to become the reserve currency, or at the very least the unit of account for something to not go to zero.  

When I say "unit of account", I don't consider Anonymint's claim that bitcoin is the unit of account of pump and dump gambling to be a valid example.  Bitcoin's actual niche seems to be the unit of account of regulatory arbitrage, but if that's it's only use, it would obviously be made illegal everywhere eventually, or co-opted into the ground with chain anchor and all where it's the same thing as fiat.

after you sold at $700 and bought gold what was your ROI? since 2010 those that invested in gold have negative ROI while with bitcoin its like 700k% that alone tells you the market is right and you are wrong for all the reasons I have already stated above with you.

The chances of it going to zero are now very low compared to say last year... with every passing year it becomes more self-evident that it will grow further, if bitcoin is used at settlement then something else used as transaction processor in the end the ecosystem should flourish to a point where fiat is only used to pay taxes until they give in and thus their debasement via printing stops automatically.

Irrespective of things like centralization or government outlawing it, I believe bitcoin is inevitably going to zero for the reasons I articulate in this post:

Why the economics of bitcoin don't actually work - What Satoshi really meant when he said the price would either be a lot or zero

http://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-13-why-the-economics-of-bitcoin-don-t-actually-work-what-satoshi-really-meant-when-he-said-the-price-would

My opinions only, Risk Mgmt...:

1)  I think that the UK and the EU will get weaker then the USA.  Just my guess, their problems are probably WORSE than the USA's.

2)  100% agree

3)  Probably, Saudi Arabia is reputed to be full of internal problems.  BAD ones.

4)  Iran, China or Russia. Or a combination of them.

5)  Turkey..., a country that "had" a future...  May not anymore.  Hard to say, but my *guess* is that you would be right.

6)  Maybe the EU/UK would LEAVE the Middle East instead.  Can we (USA) leave too?  Before even?

*  *  *

666?  Ah, I have NO IDEA.  But the ride will likely be interesting.

If I may - allow me to forecast something:

1) UK/EU fills World Super Power status GAP...and starting 2018 or earlier they will do so by going right into North Africa and Egypt.
North Africa and Egypt will be under UK/EU control.

2) Going into 2019 -- US World influence will weaken severely - they will be unable to support the world security needs and the puppet aid ( I mean foreign aid) --

3) Somewhere here -- Saudi Royalty gets into scrap over throne - dispute civil disorder.
With no US security now -- how will Israel and Saudis' secure themselves....especially when in this same region a new discovery is made -- and without US...all the middle east fights over this new discovery...because there is no big ships coming now.

4) NEW player will emerge cleaning up entire middle-east and taking over ...  Middle-East starting from 2020 will start to come under new mgmt by a new single entity....they will even cleanup izis.

5) Turkey will be roasted - people will kick out govt -

6) 2020 NorthAfrica/ Egypt start kicking out UK/EU

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All leading to 666....how will bitcoin/ gold/ markets handle the above.