Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
TPTB_need_war
on 07/07/2015, 12:09:35 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.

Hey I am not going out on a limb like that. I don't purport to be able to call markets within such tight margins as that. I don't see any problem with missing a potential move from $294 to $315. And yeah better to not be greedy and lower the risk. And I wouldn't short until the top has been clear identified and we were on the way back down, unless you purchase very long-term short positions and want to position early where the price asked is lowest.

And again I can't give you 100% odds. Armstrong's models are guidelines, not stone casts of the future.

I spoke so very strongly against the prior poster, because his expectations are egregiously out-of-line with reality. You are instead asking about a more accurate prediction of the future, so there is more risk of being incorrect.