Quote from: TPTB_need_war on November 04, 2015, 10:41:56 AM

Quote from: miscreanity on November 04, 2015, 03:15:59 AM

Quote from: TPTB_need_war on October 25, 2015, 09:15:32 PM

Of course. Remember I wrote it would bounce up to $380 max (after hitting my $315 target exactly this summer and declining) on a bounce. Gold bounced first, and now Bitcoin follows. Both are headed to lower lows.

We've arrive at $390-450 depending on exchange. What now?

The general range of where it would top was $380 - $440. $380 was the limit stop-loss position assuming I was leveraged short (but I am not and I would have exited my shorts after the fall from $315 to mid-$200s last summer). Above that range then the technical patterns I was using no longer hold. That was all documented in kLee's PnF thread in the Speculation forum some months ago. You can verify there.

As to whether this could mean a low below $150 is no longer possible, Gold rallied then wavered and still seems poised to drop this Spring to make lows $850 or below. Bitcoin is more volatile, so this bounce could be another bull trap and I lean to that interpretation. Looks like hot money in China moving from one sector to the next. But I could be wrong of course and Bitcoin could be on the way to new highs. It is possible the Chinese are going to be speculating on Bitcoin since their real estate market died and they need new speculations. Perhaps this wasn't factored into Armstrong's model as gold would be much more difficult for the Chinese to see the sort of crazy price movement as they see in BTC. But I haven't really studied the volume at all. One would think the real estate market in China is orders-of-magnitude than the float in Bitcoin.

Sorry I don't have good information and at the moment my head is deep in this other stuff. So I will say my stops were hit, but I don't have good research to comment intelligently beyond that.

I will tell you that I am frantically trying to convert some BTC to dollars.

Edit: this is the wrong thread to be discussing this. I will be copying this post to the Martin Armstrong thread and deleting it here. I will be deleting this off-topic posts from this thread.

I note two recent blogs Armstrong mentions the gold "benchmark targets" which are for a Spring bottom. So I still tend to believe Bitcoin will top out and head back down for a final low below $150. I am taking profits into $dollars now.

http://www.armstrongeconomics.com/archives/38914
http://www.armstrongeconomics.com/archives/38918

And he mentions again gold has not yet bottomed:

http://www.armstrongeconomics.com/archives/38929

Quote from: TPTB_need_war on November 04, 2015, 10:49:22 AM

Quote from: altcoinUK on November 03, 2015, 12:57:02 PM

Quote from: OROBTC on November 02, 2015, 10:18:19 PM

...

TPTB

I read about some kind of Ponzi scheme going on in The Philippines called something like "MMM", and spread around by YouTube videos (weird, I know).

Is there something like this going on over there? You're the best one I know offhand to report on this.

BTC was at $360 (up almost 10% just today). Maybe time to spend some...?

TPTB is probably wondering how could he get so wrong his prediction about the $100 Bitcoin price which according to him will follow the early summer $300 price. Instead of the price is $390.00.

Except it again proceeded exactly to my prediction of a bounce up to the $380 - $440 range:

https://bitcointalk.org/index.php?topic=1082909.msg12880333#msg12880333

I have no idea how you people manage to ignore the details of my predictions and then go spouting off slander when I am not around to read it. Luckily I came back here to set the record straight.

This past May I predicted the rise to $315 (exactly!) and then a fall down again. I have maintained that Bitcoin will make final lower lows (< $150) roughly on target with Armstrong's benchmark targets for gold, which is in the Spring of 2016.

You will even find where I have been predicting a bounce in Bitcoin since August or so, when gold started to bounce. I can't fathom how you forgot that?

Nothing has changed, except if Bitcoin moves higher into the $500s, then the technicals I was using to target a $380 - $440 bull trap bounce would be wrong. But that doesn't necessary change anything about the < $150 low coming.

Btw, I am selling as fast as I can now!

Let's see who gets the last laugh on this one.

Actually reading your whole post twice is scary, the forum source I go to has an huge influx of random bitcoin posters and economic collapse posts, its a stock forum mostly. And usually when those posters or fud arrive the opposite usually happens 1-2 weeks after. There spamming buy bitcoin etc.

when bitcoin was around 200 there were posts spammed degrading bitcoin and reasons not to buy it, then the opposite happend 2 weeks later.

I usually use FUD to do the opposite but I feel your right in my gut feeling, I just wish you weren't correct LOL.