Quote from: TPTB_need_war on April 28, 2016, 12:30:34 AM

Fed hikes, Bitcoin down. As I told you would happen, that the speculation markets fear rising interest rates, so initially there will be a contagion as in 2008:

https://www.cryptocoinsnews.com/bitcoin-price-awaits-fed-rates-call/

The larger contagion is still to come. We may make another push towards $500 after end of the month.

For the 5000th time, you cannot correlate some Armstrong wild guess about gold with Bitcoin. The halving dwarfs any miniscule change in interest rates and Armstrong has no chance of being accurate when the economy will go down in a black swan event. You are putting all your eggs in one basket believing this guy, thinking there's going to be some kind of orderly walk to the exits in a long, drawn out process in the disintegration of the economy and gambling on the idea that a black swan event can't or won't happen. It's called a "black swan event" because people like that guy have 0 chance of predicting when it occurs.

The economy is not made of rational actors that you can model in a computer program. Someone like George Soros and Buffet could tag team short a single stock at any time just to amuse themselves and cause some kind of domino effect that brings everything down. Armstrong, nor anyone else on the planet, can predict what different billionaire whales are going to do that all have the power to single handedly cause a 2008 event or worse at any second of the day. The way the monetary system is structured, there is actually zero reason at all to believe the economy will go down in anything but a black swan event.

This is what is going to happen to you:

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Quote from: r0ach on April 27, 2016, 12:12:55 PM

I also believe, due to the phrase I've used a million times, "cascading deflationary collapse of fractional reserve fiat" (from defaults) that the economy will go down to a black swan event and not some years long drawn out process. Satoshi is not going to call you on the phone and say, "hey man, the inverse relationship of stocks and interest rates is doing whatever the fuck, so you now have a nice safe time to buy Bitcoin around the bottom over the next 180 days". This is just not going to happen.

You're just going to turn on the TV and see bank holidays and you either own Bitcoin then or you don't. Armstrong will be lucky if he even gets anywhere near the correct year for it. If it doesn't go down by black swan, it will be from controlled demolition and still not adhere to anything on his schedule.

You want to know what the rise of Bitcoin will look like during this? It will be just like when the price went from $230 to $500. You'll see the price start to spike up a little and say, "hmm, think I'll wait for it to drop back down then buy some", but nope, this is the insiders buying. There is no drop, the big financial catastrophe hits, and you're staring at the screen saying, "I made 7000 posts on the Bitcoin forum, the price is now $100,000 and I own 0".