Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
tabnloz
on 16/11/2016, 20:00:34 UTC
The US $ is Going Up,
The Best Investment at the Current Time is the US$ , not PoW Cryptos or Metals which will all collapse in price against a Strong Dollar.
Soon the Smart money players will dump everything for the US$, Charts are already starting to show it.

I am not sure if the stampede into the dollar will take down Bitcoin. I do know dollar up, gold down, but Bitcoin has been somewhat anti-correlated to gold.

Bitcoin can also be a conduit for people to move capital out of where it is, and into dollars, e.g. China.


Bitcoin is likely to move to an ATH in 2017 with the news about Lightning Networks (LN) coming closer to live. But I think it will be a "buy the news, sell the outcome", because Bitcoin's scalepocalyse isn't going to be solved, and LN will be a masterful clusterfuck failure.

We'll need a replacement for Bitcoin waiting in the wings...

I think these are salient points in the short term. The interplay between dollar, gold and bitcoin will be interesting. Might be able to add that interest in bitcoin spikes when the 'ban cash' trial balloons are floated (along with gold).