Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
darlidada
on 07/07/2015, 11:24:20 UTC
I think you're wrong on calling for a new Bitcoin bottom in the double digits. Seems more likely to me that Gold will tumble heavily as you stated, and Bitcoin will correct from the price spike we could be at the start of. One credible poster on these forums thinks we are 4 weeks away from $1k BTC. If so, when the new Gold bottom gets here Bitcoin will simply correct from $1k to below 500 and come out looking like it kicked Gold's ass. This will then pave the way towards the rest of the events you mentioned.

You will learn the hard way not to bet against Armstrong's models.

Anonymint, I'm going for a one week holiday tomorrow. I wont have any computer available. I'm thinking about putting sell orders at 294 as I think it would make sense we fail to break the 2 previous local tops of 315 and 303. What do you think of it ? I've been greedy in the past and I just dont want to be burned again. If we are at 300+ when I come back, I'll just short it.