It is difficult to access how the 51% attack the Chinese miners did on Bitcoin is going to play out.
Btw, to follow my logic, then follow my posts in the Altcoin Discussion forum.
Any one interested in analyzing Ethereum, then start here:
https://bitcointalk.org/index.php?topic=1219023.msg13583753#msg13583753https://bitcointalk.org/index.php?topic=1329136.msg13577121#msg13577121I believe Armstrong's timing for a gold low is roughly March, if that has not changed since his earlier gold reports. We will have to see if Bitcoin follows gold down in a liquidity crisis event or not. Right now everything sure seems to be quiet in the global markets, but maybe the quiet precedes the storm.
So yes Armstrong could end up being wrong about gold and I could even be further wrong about Bitcoin following gold down. So shorting is risky.
Note I have revealed that the Chinese miners are lying. See the discussion between smooth and myself. As this revelation spreads out, what happens if the Chinese miners are caught in a huge corruption and decide to liquidate their mining equipment? Or some other rash action in our community.
It is really difficult to access how this clusterfuck of block scaling economics is going to play out for Bitcoin. I haven't expended enough time doing the 3D chess analysis on it.