Topic: WARNING: crypto-currencies are very likely going to experience a crash soon - page 6. (Read 10934 times)
March 04, 2016, 04:49:10 PM
I'm not sure if I've trolled you in the past OP, but I have to say you're most likely right. I think I don't agree with some of your politics but I agree with your analysis of these shitcoins. However the timeframe might be a bit longer before the crash. As they say, the market can remain irrational longer than you can stay solvent.
March 04, 2016, 04:48:58 PM
well its's halving year, Bitcoin needs a strong support or face a supply-side consolidation. It all depends on the way Ethereum bursts. Slowly over time, or abruptly.
March 04, 2016, 04:34:41 PM
Those who have followed me over the years know that I have made some prescient predictions such as the Bitcoin crash from $1000, even the collapse to $150, and even the precise timing and $320 top of the bounce before the current one. In addition the following silver prediction I made:
http://www.marketoracle.co.uk/Article23786.html
I have also stated that I thought that when gold crashes below $1000 (and likely below $850) this year, then Bitcoin would also likely get caught up in the contagion and sell off to below $150 perhaps back to double-digits. I had explained my reasoning in the past and the current indicators are:
https://www.armstrongeconomics.com/markets-by-sector/precious-metals/precious-metals-march-4th-2016/
https://www.armstrongeconomics.com/international-news/europes-current-economy/the-eu-going-quietly-into-the-light/
https://www.armstrongeconomics.com/international-news/north_america/americas-current-economy/moodys-warns-of-30-rise-in-commodity-based-company-bankruptcies-in-2016/
https://www.armstrongeconomics.com/international-news/east_asia/moodys-lowers-credit-rating-of-china-to-negative-from-stable/
It is not certain that gold will elect the March 13/14 turning point to begin its collapse to the final bottom of the correction that began 2011. And it is not certain that crypto-currencies will follow.
But the level of irrational pumping of altcoins tells me that we are very near to a 2013 top in crypto-currencies. The irrational speculation is off the charts again and not based in any sense of reality just as was the case for those arguing for Bitcoin to go to $1 million per BTC back in 2013. For example, Ethereum has 0 users, 0 working, scaled apps, no consensus algorithm after $18 million expended. Yet the market cap is heading towards $1 billion.
I am sniffing a big collapse in the making. Not sure if it is this March or later in the summer, but I am warning you.
Take some profits into US dollars. The Euro, Pound, Yuan, and other currencies will also collapse relative to the US dollar due to the carry trades and pegs to the dollars which put the rest of the world bet short against the dollar.
You will need some dry powder to buy when there is blood in the streets.
You've been warned.
http://www.marketoracle.co.uk/Article23786.html
I have also stated that I thought that when gold crashes below $1000 (and likely below $850) this year, then Bitcoin would also likely get caught up in the contagion and sell off to below $150 perhaps back to double-digits. I had explained my reasoning in the past and the current indicators are:
https://www.armstrongeconomics.com/markets-by-sector/precious-metals/precious-metals-march-4th-2016/
https://www.armstrongeconomics.com/international-news/europes-current-economy/the-eu-going-quietly-into-the-light/
https://www.armstrongeconomics.com/international-news/north_america/americas-current-economy/moodys-warns-of-30-rise-in-commodity-based-company-bankruptcies-in-2016/
https://www.armstrongeconomics.com/international-news/east_asia/moodys-lowers-credit-rating-of-china-to-negative-from-stable/
It is not certain that gold will elect the March 13/14 turning point to begin its collapse to the final bottom of the correction that began 2011. And it is not certain that crypto-currencies will follow.
But the level of irrational pumping of altcoins tells me that we are very near to a 2013 top in crypto-currencies. The irrational speculation is off the charts again and not based in any sense of reality just as was the case for those arguing for Bitcoin to go to $1 million per BTC back in 2013. For example, Ethereum has 0 users, 0 working, scaled apps, no consensus algorithm after $18 million expended. Yet the market cap is heading towards $1 billion.
I am sniffing a big collapse in the making. Not sure if it is this March or later in the summer, but I am warning you.
Take some profits into US dollars. The Euro, Pound, Yuan, and other currencies will also collapse relative to the US dollar due to the carry trades and pegs to the dollars which put the rest of the world bet short against the dollar.
You will need some dry powder to buy when there is blood in the streets.
You've been warned.
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