Topic: WARNING: crypto-currencies are very likely going to experience a crash soon - page 3. (Read 10934 times)

The crashing is surely related to the centralization / scaling issues we see all coming to the surface and also with the hyped expectations with some new cryptos that will fall on all of our feet soon.

If Bitcoin crashed for a halving, the project would basically be dead in the water forever.  There is far too much money invested in the Bitcoin ecosystem where people would never allow that to happen.  Not sure how Anonymint doesn't realize Bitcoin will be pumped for it.  The price won't even be allowed to remain flat.  What's more likely to happen?  A bunch of greedy miners who have invested millions turn off their miners if the price doesn't increase, or they simply stop selling mined coins temporarily and also manipulate the market upward to continue mining at profit. 

The price will either go up organically or it will be manipulated in that direction.  There is no other way around it.  The entirity of China is probably colluding to do so in cartel fashion already.  The only way the price could crash is with some crazy deflationary death spiral in the wider economy, but things like home values, cars, etc would also be crashing in price, and we are simply not experiencing that right now.

OP, are you shorting bitcoins? If your predictions are correct you can make a killing this year. I kinda hope BTC would stabilize and people should stop spreading FUD every year. Any whales here? Your thoughts on this?

What are Armstorngs views on real estate in the short and medium term?

I expect the same pattern in gold, but from the next low (= double bottom) I expect a very strong long run. Chinese (again!) are heavily buying physical gold - more than they report. On the other hand you see Monster paper trading (shoting) at CME - to get the physical cheap. You can imagine what will happen once that negative bubble go bust.

Gold is still save heaven for the non-cryptos.

 

Again per the theory of a link of crash of crypto with an upcoming crash in gold:

It will make most of the speculators very poor by definition of a P&D.

Ethereum is just another alt-coin pump and dump like all of the rest. And, let's be clear, on hype alone it will make a lot of people very rich; in the short term.
In the long term people will see that it was a hype fueled bubble that solves no particular problem and will stand on the wreckage of Mastercoin, mooncoin, maxcoin, and unobtanium.

If such an overt coin can stand up to the G20 cooperation and China's ASIC mining dominance of any coin they wish to dominate. I think impossible. However see the recent stand by Apple and enjoined by other tech giants against the NSA.

Rather I think the black market coin will be the microtransaction coin. That is the direction I am headed.

Debt serviceability determines how many loans can be made. The Minsky Moment comes when for each new unit of debt that is created, negative units of cash flow are deducted from the economy. This is called the negative marginal utility of debt threshold.

Please don't slobber on my thread again with your tinfoil hat atrophied brain stem.

We are going higher in time. Just keep buying coins and holding them.

I understand that btc and other ALT-coins are in danger in the upcoming years however I do not believe that all coins will die off. I believe we are on the brink of a financial war between countries using altcoins. I forsee that every shit coin will be forgotten. coins will no longer be allowed to be created. and current coins will be under a tight microscope by various governments to make sure nothing shady or dangerous is happening. but I believe the few coins that are deemed secure and safe to use will become HUGE. quite possibly as big as BTC in its peak. and will be utilized by various companies. regardless of what happens to cryptocurrency I believe that blockchain technology will revolutionize the future of banking, communications, even transportation and GPS. it is all a matter of how we work with our coins now that will determine if they will exist in a year.

The controlled interest rate set by the fed means nothing compared to the amount of debt they can choose to monetize with the click of a button.

The fed can raise interest rates and still buy up every single junk bond on the planet. Then what do you think that all these recapitalized governments, businesses, and people will do with their quadrillions of freshly loaned US fiat?

They can offer Puerto Rico a zillion dollar loan, and how fast do you think it will take them to re-make millionaires of their public servants ? and that's after they make their existing bondholders whole.

So you better watch your hole here

Don't get schlonged like Hillary.

The fed funds rate is not the indicator, it's the head fake here.

That's why NIRP is not automatically increasing liquidity in the areas where it is being rolled out.  Deliquient debtors don't care what their interest rate is. They only care weather or not their loan was approved, and just because the interest rate may be zero, does not mean that you are approved for any amount.  So you see, credit restriction is the key to deflation.  That is why deflation can always be avoided if the fed chooses to increase its balance sheet and create a new loan.  Trust me, you don't want to see their balance sheet.

Truse me, I've declared bankruptcy more times than you.

All Leman Bros needed was a loan (at any interest rate) and their bankruptcy (and subsequent asset deflation) would have been avoided

Will a truly anonymous coin arise to save us before then? I've been keeping my eye on that situation for a long time and I've read your comments about no alt-coins (xmr, dash, etc) being truly anonymous (yet). I've always thought that whatever coin becomes the the choice of the black markets for it's anonymity, will be HUGE.

True. But we can already do that. What augur is trying to do is figure out how to record of the outcomes decentralized. But the problem is that violates the Nash equilibrium (since users have game theories to profit on reporting different outcomes). I don't expect Augur to function decentralized and expect it to diverge into chaotic disorder unless they centralize control of the recording of the outcomes (in which case they've accomplished nothing). Bitshares is centralized which enables using a price feed for the BitUSD algorithm.

There is a lot of bullshit floating around in this forum.

augur more like decentralized betting market,  they want us to bet on everything.  if you look at it that way, it actually make sense.

Except that augur is nonsense, because the market is not an accurate prediction paradigm. The market speaks, but after the fact.

I could sell you idiots turds wrapped in a Snicker's bar wrapper and you'd buy it, take it home proudly, and put in your ref for safe storage without ever opening to verify it. Then later when your frig smells like shit, you go searching for some poo and never open the Snicker.

 

WOW....

all these prediction would be fit perfectly in augur... LOL 

That might be a head fake:


Note every time I have spilled more beans on how Ethereum can't scale, as I did again today, the price declines. When I go away for 2 days, the price skyrockets.