Quote from: OROBTC on November 05, 2015, 03:19:15 AM

Quote from: TPTB_need_war on November 05, 2015, 02:22:19 AM

Quote from: THX 1138 on November 04, 2015, 01:41:26 PM

I concur that you predicted $315 in May and that you believed there was the possibility of it going to $440.

...

(currently $495)

This $380 - 440 was a near-term technical projection (target to be reached before roughly Oct 1 afair if it did, otherwise new technical projections would be required) on a chart and has nothing to do with Armstrong's model for a low in gold this coming Spring 2016. Also that technical projection may have increased by now (Nov. 5).

The price is going crazy volatile now if it was up to $495 while I was sleeping and then below $400 when I woke up.

Coinbase announced they are supporting the BitcoinXT block size increase in December. Rumors China will make Bitcoin legal. And the CHKLOCKVERIFY opcode to enable Lightning Networks has been moved into the Bitcoin code and to be a reality no later than early 2016.

Bitcoin could be diverging from gold. It is possible especially considering it is an orthogonal global speculation vehicle. Armstrong has documented yesterday that some stock markets appeared to have bottomed on his Oct 1 (2015.75) turn date.

The theory that Bitcoin would mimick Armstrong's gold bottom timing was my guess, not Armstrong's.

However, the liquidity contagion has not yet hit the sovereign debt crisis. Thus speculation is renewed. Let's see what happens to liquid assets such as gold and cash (Bitcoin) once there is a liquidity crisis. Also this pump would be a great manipulation for those who did it so they could borrow BTC to go short.

This nosebleed rise has all the markers of a pump and dump job.

If I had enough $ to speculate with, I would go leveraged short at $500. Alas, I am just converting BTC to USD so I can be sure I have the cash to pay my bills so I can code an altcoin.

TPTB

Always nice to see your thoughts. You come on back from time-to-time now, ya hear?

The BTC price run-up indeed has been completely orthogonal to gold. I mentioned that I took advantage of the run-up to buy some gold with some of my BTC. I sold at $410/BTC for the Au. Next day it was at $490 (highest price that I personally saw). I thought:

"Damn, I should have waited a day to buy [gold] !!!"

Then the price comes down today to $395 at one point, so I forgave myself (it's gotten easier to do that, having stopped drinking

).

At this point, having "proved my point" (selling into a possibly bogus rally), I will now just sit this out and HODL the rest of my BTC.

Probably should have got some AG/AU myself. Was easier to just trade the parabola. Funny you should mention buying metals, a friend of mine did exactly the same thing! With btc that is.