Topic: WARNING: crypto-currencies are very likely going to experience a crash soon (Read 10934 times)

This a funny prediction. I wonder what must he be feeling right now with this prediction. So until now even geniuses still cannot predict the destruction of bitcoin.

The post is just proof that people cannot predict the future when it comes to cryptocurrency.

As the OP stats at his time of writing Ethereum had no users etc and was valued at almost a billion dollars, he thought it would crash and now its worth almost 30 billion with a tremendous user base.

It just shows that no one can predict this market and that's highly profitable, but also highly dangerous if there is a crash!

The OP is dated March 2016.

He must be really regretting that post.

What do you guys think about 2018?  I'm interested in knowing if it's worth it to hold on to BTC or sell while it's still around $4k

We all know that you have been failing to do so in the past couple of years, even though I am here only since the beginning of this year. Moreover, I have attended financial market course with proeminent professor, which we describe here as "whale", "smart money", call them whatever you want. No one of them was able, or even tried to make us believe, that they were able to predict the market. No one can do so, and picking up you accurate information to try to make us believe so, is an undergraduate text book case, "the newsletter fallacy" (that I won't explain here), and you will fail to catch the intention of important people doing so.

I wonder how more years will you throw away before opening your eyes to the harsh reality.

Whats the thought on a cryptocurrency with half of its value connected to actuall forests?

Cypherpunk OG!  That's me, I'm a hacker! 

Didn't expect to get a such a quick  response from a legend to such an obvious troll !
You must  be a programmer too ~LOL~

/jk

His understanding of economics is at least graduate level.  I'm really impressed with this guy on many levels.

And you're an idiot.  Just an FYI.  

Edit:  missed the jk part.  Ok, you're not an idiot.  Carry on.

Well you should'a said so earlier and i wouldn't have paid any attention to your predictions at all. Programmers are notoriously myopic.

/jk

Does that have any relevance to whether all of my published predictions except one were correct? And the one that was incorrect, I stated upfront that it was only a theory and might not be correct.

Does your comment have some relevance to the size of your penis and your ego? (How dare anyone claim to be correct most of the time, when in fact they are) If not, what is the relevance?

I think you lack the mental acuity to entertain all the factors that go between correct predictions and choosing to be a speculator. I choose to be a programmer and developer (and to have the life experiences of roaming the world including a long stint in the backwater country of the Philippines). A man can be a jack of all trades and expert of none, or can choose to prioritize what he thinks is the most important focus of his time and expertise.

Attacking someone for their choices or priorities as a means of belittling their successes, so as to further your own ego, is not very respectful. If you don't respect others, how can you expect them to respect you.

Given long enough time everything will crash so he semi correct. depends how you define soon.

Dear OP, with such a prescient mind and foresight aplenty, surely your net worth must be vast !

The op is from march 2016.

When did we hit 150$ this year? Did i miss something?

You are doing a good "pull the wool over the eyes" of deflecting everyone's attention away for your absolute stupidity to sell BTC recently in the $600s and buy silver at inflated prices that have now crashed, even I was imploring you to not do so and you were so boastfully being the condescending r0ach that you are.

The prediction in gold is coming true. The $150 in Bitcoin did happen. And that has already been explained numerous times, yet you refuse to acknowledge it. It was a theory that BTC might track gold down, and I did state that it was theory of correlation that might not be true.

It is a fact that I said to buy Monero before the blast off. My other criticisms of Monero were orthogonal to any analysis of the chart pattern. Please don't blame your conflation on me. That is your lack of mental acuity.


There were numerous other posts of mine where I made the same recommendation about Monero at around that time.

You heard it here first. 75-150$ bitcoins!

 

Great call on Trump.  I too called it way early, summer of 2015. 

I don't think many people here realize how lucky they are to have a guy like you posting this stuff for free.

Bitcoin didn't collapse below $150 like you expected but it could have, I too expected a possible drop to around $75. 

Segwit has stalled so I expect some big chaos to ensue soon so Bitcoin just may get that massive crash we both expected, after-all. 

Cheers!

I was wrong and here is my record:

I have said the bottom may not be in yet for gold and Bitcoin.

The timing was originally 2016, but what has changed is that the US Fed decided to delay raising interest rates to try to help Europe. And then the elite hatched this plan to have a BREXIT vote so as to reaffirm the U.K.'s commitment to the EU. This BREXIT victory for the EU, coupled with the delay in raising interest rates, is causing the confidence to swing temporarily back to the Euro (away from the dollar) and is giving a deadcat bounce to speculation markets (which require general liquidity because they are all about harvesting the funds of stoopid greater fool n00bs).

But this delay is causing pension plans to go bankrupt and is causing all the excesses of debt to move well above nosebleed levels:

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So what we have is a massive Minsky Moment being tightly wound like a spring fully compressed that is going to explode once the Euro peaks (perhaps as high as 1.24). We are waiting for the BREXIT to drive this counter-trend, deadcat rally to its extreme.

Then upon the election of Trump in November, coinciding with that global liquidity contagion Minsky Moment as interest rates start to move and the dollar starts gaining again, then roughly Q1 2017 (but anytime after BREXIT peak is still possible in later 2016), we are going to see a massive liquidity crunch where everyone will pile on short and overshoot to the bottom on every asset except US dollars. Trump will drive a desire to hold dollars as he will threaten trade and currency wars against China.

Trump will win because he will move more to the center of right after he secures the Republican nomination. He will become nicer and people will see him in a more positive light. And he will destroy Hellary's reputation with his skilled way of attacking. He had to appeal to the hard right in order to stop the entrenched power players in the Republican party from stealing the nomination from him. He might even appoint Bernie Sanders as Vice President.

Thus the selloff of gold and Bitcoin as well (and altcoins to near 0), but this will be very brief V bottom just like in 2008/2009, then the world's capital will stampede into the dollar, dollar denominated assets such as US stock markets and trophy real estate, and also gold and CC will swing back to bullish mode with the final bottom finally reached.

The latest essay from Armstrong is very important:

https://www.armstrongeconomics.com/markets-by-sector/stock-indicies/sp-500/trading-volumes-declines-as-hoarding-rises-due-to-uncertainty/


Edit note Trump is very pro-NSA and even supports laws breaking encryption. He appointed Doug Christie who is very totalitarian about NSA (go back and listen to the early Republican debates). I could see Trump potentially becoming very anti-Bitcoin especially with the mining centralization in China. However if Bitcoin is really the House of Morgan's baby, then Trump will be obliged to not attack Bitcoin.

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Correct. Agreed. But remember that comes after the V bottom liquidity crunch. A liquidity crunch is not a safe haven move. It is a liquidity survival carry trade reversal on auto-pilot. Human decisions are not in play.


Exactly because their leveraged obligations and margin calls are in cash. And that is not Bitcoin "cash".


Sorry you are wrong.