Re: Precious metals are not useful in a collapse scenario!
Those fools who ignored me when I told you to sell gold at $1362 before the election and to buy Bitcoin in the mid-$600s, are going to end up big losers if they keep listening to these idiot tinfoil hats such as r0ach and his nonsense silver argument. Gold and silver are both headed down the next 6 months to a year. You tinfoil hats are already 33+% less wealthy than those who followed me a couple months ago, and you will end up 67+% less wealthy before the end of 2017. (100% less wealthy would mean you have 0, so you can see how fast your wealth is evaporating)
Those who ignored me when I explained the exact reason (turnout) Trump would win (in a Steemit blog post)...
Those who ignored me when I explained the exact reason (turnout) Trump would win (in a Steemit blog post)...
$1300 in 2017, probably within 6 months or less. We've broken out above $788 Bitfinex-hack high, accelerating, opening wedge, and two flag patterns. This is uber bullish.
Re: is it time to start seriously talking about a $5000 BTC
They will play you as well, because you'll be the one who sells too early when the price rocket goes into a phase transition run to ATHs. They will eventually do that after they done shaking weak hands out. Your stance can be characterized as another form of weak hand because of selling too soon into a bull run.
The first bubble to $1200 in 2013 was the first hump of the typical new technology invesment. The second major hump is the big enchilada and you should never sell except possibly to trade to altcoins to increase your BTC, if you are so inclined and are astute at such speculation.
BTC appears to be currently at either the early 2007 or the late 2009 point on that Amazon chart.
If we are at the late 2009 correlation, then $1000 will be scaled in 2017 and we will not go back below $1000 after that.
And yes something in range of $2500 - $5000 over the next couple of years looks plausible and even likely.
Just look at the events around us to see what is accelerating:
https://bitcointalk.org/index.php?topic=1703363.msg17077372#msg17077372
https://bitcointalk.org/index.php?topic=1699911.msg17077124#msg17077124
https://bitcointalk.org/index.php?topic=1703213.0
https://bitcointalk.org/index.php?topic=1687448.msg17056883#msg17056883
https://bitcointalk.org/index.php?topic=1082909.msg16842246#msg16842246
https://bitcointalk.org/index.php?topic=1082909.msg16921886#msg16921886
https://bitcointalk.org/index.php?topic=1082909.msg16972102#msg16972102
It Is Just Time.
Time is upon us for BTC to make another big move up. Don't be late to board the train because you are irrationally too cautious:
https://bitcointalk.org/index.php?topic=1663070.msg17049006#msg17049006
I expected a correction because the price went too high too quickly. Most of the time when we see it spike high like that, it will come back a little.
They will play you as well, because you'll be the one who sells too early when the price rocket goes into a phase transition run to ATHs. They will eventually do that after they done shaking weak hands out. Your stance can be characterized as another form of weak hand because of selling too soon into a bull run.
The first bubble to $1200 in 2013 was the first hump of the typical new technology invesment. The second major hump is the big enchilada and you should never sell except possibly to trade to altcoins to increase your BTC, if you are so inclined and are astute at such speculation.
BTC appears to be currently at either the early 2007 or the late 2009 point on that Amazon chart.
If we are at the late 2009 correlation, then $1000 will be scaled in 2017 and we will not go back below $1000 after that.
And yes something in range of $2500 - $5000 over the next couple of years looks plausible and even likely.
Just look at the events around us to see what is accelerating:
https://bitcointalk.org/index.php?topic=1703363.msg17077372#msg17077372
https://bitcointalk.org/index.php?topic=1699911.msg17077124#msg17077124
https://bitcointalk.org/index.php?topic=1703213.0
https://bitcointalk.org/index.php?topic=1687448.msg17056883#msg17056883
https://bitcointalk.org/index.php?topic=1082909.msg16842246#msg16842246
https://bitcointalk.org/index.php?topic=1082909.msg16921886#msg16921886
https://bitcointalk.org/index.php?topic=1082909.msg16972102#msg16972102
It Is Just Time.
Time is upon us for BTC to make another big move up. Don't be late to board the train because you are irrationally too cautious:
https://bitcointalk.org/index.php?topic=1663070.msg17049006#msg17049006
Sentiment in this thread is very cautious and scared.
That is extremely bullish.
We are climbing the wall of worry now. Everybody is still remembering the $1200 to $150 crash.
When the "Bitcoin to $100,000" (to da moon) mania returns, that is the time to become cautious.
That is extremely bullish.
We are climbing the wall of worry now. Everybody is still remembering the $1200 to $150 crash.
When the "Bitcoin to $100,000" (to da moon) mania returns, that is the time to become cautious.
Any one of you is welcome to quote this PM in its entirety or partially in order to share with others and/or post to Martin Armstrong thread. I am not posting publicly until my altcoin project is ready in testnet. Don't reply to me in PM, as I will delete and not read. If you want to reply, quote this and post to the MA thread.
According to MA's long-standing prediction (since as far back as 2012 I remember reading), the DOW will got to at least 24,000 while gold will sink to at least $850 (over the next 1 - 2 years). So the ratio will rise to 20 - 25 from 15 in the near-term.
After that (roughly 2018ish), the dollar will peak (as the rest of the world is in the abyss due to the strong/short dollar vortex which has sucked all intl capital into the dollar and USA stock market), and then we will see the panic into gold (and perhaps also crypto-currencies). It is more in the realm of 2020 - 2024 that we will see gold attempt the 3 - 5 ratio. But it will be a deflationary crisis with a monetary reset so look for a collapse of the DOW into perhaps 15,000 - 25,000 range with gold $5000 maximum.
Mark my words. This prediction will be very accurate. Don't forget I told you first.
Now the problem for tinfoil hats is although precious metals which eventually rise (after they first crash anew), they will be so incredibly outlawed in every way, that you will not profit on your investment. If you buy paper metal, you will be caught in capital controls and excessive taxation. If you buy physical metals, you will be a money launderer and the best you can hope for is to either bury your metal in the ground to pretend you don't have any and thus never collect on the gains (until the price has long since crashed in the epoch circa 2030+ realm) or it will be taxed excessively and penalized as money laundering with a handslap when you try to take profits such that you will walk away a big loser. I've been warning since 2010 that the tinfoil hatters are going to end up looking like the idiots that they are:
http://www.marketoracle.co.uk/Article20327.html
Tinfoil hats are antiquated.
Precious metals are losing their basis of popular support. You will have no one remaining to stand up for you and defend your right to trade these for fiat without being regulated.
The Bible will not be wrong about gold, You will throw (eventually) it into the street (to prevent yourself from being imprisoned and tortured by the Millennials who won't understand your terrorism).
If we have a deflationary crash rather than hyperinflation, the DOW floor is around 6000. The historical DOW to gold ratio seems to trend to around 3-5:1, so even in a deflationary crash the value of gold can still go to $2000, which would probably take silver to a 30:1 GSR of $66.
TLDR2: Trust nobody, especially some greaseball with a pinky ring named Martin Armstrong (MA).
TLDR2: Trust nobody, especially some greaseball with a pinky ring named Martin Armstrong (MA).
According to MA's long-standing prediction (since as far back as 2012 I remember reading), the DOW will got to at least 24,000 while gold will sink to at least $850 (over the next 1 - 2 years). So the ratio will rise to 20 - 25 from 15 in the near-term.
After that (roughly 2018ish), the dollar will peak (as the rest of the world is in the abyss due to the strong/short dollar vortex which has sucked all intl capital into the dollar and USA stock market), and then we will see the panic into gold (and perhaps also crypto-currencies). It is more in the realm of 2020 - 2024 that we will see gold attempt the 3 - 5 ratio. But it will be a deflationary crisis with a monetary reset so look for a collapse of the DOW into perhaps 15,000 - 25,000 range with gold $5000 maximum.
Mark my words. This prediction will be very accurate. Don't forget I told you first.
Now the problem for tinfoil hats is although precious metals which eventually rise (after they first crash anew), they will be so incredibly outlawed in every way, that you will not profit on your investment. If you buy paper metal, you will be caught in capital controls and excessive taxation. If you buy physical metals, you will be a money launderer and the best you can hope for is to either bury your metal in the ground to pretend you don't have any and thus never collect on the gains (until the price has long since crashed in the epoch circa 2030+ realm) or it will be taxed excessively and penalized as money laundering with a handslap when you try to take profits such that you will walk away a big loser. I've been warning since 2010 that the tinfoil hatters are going to end up looking like the idiots that they are:
http://www.marketoracle.co.uk/Article20327.html
Tinfoil hats are antiquated.
The future is highly customized goods & services. The commodities will continue to decline inexorably is relative value in the economy, eventually becoming virtually worthless.
The future economy is software (including all forms of authorship such as media, 3D designs, etc) and knowledge creation.
The economy will be virtual and not physical.
That is why you invest in crypto-currency, not gold. Gold is at the end of its utility as we are transitioning away from a physical economy. That is why gold is dying. You have the wrong antiquated model.
The future economy is software (including all forms of authorship such as media, 3D designs, etc) and knowledge creation.
The economy will be virtual and not physical.
That is why you invest in crypto-currency, not gold. Gold is at the end of its utility as we are transitioning away from a physical economy. That is why gold is dying. You have the wrong antiquated model.
Precious metals are losing their basis of popular support. You will have no one remaining to stand up for you and defend your right to trade these for fiat without being regulated.
The Bible will not be wrong about gold, You will throw (eventually) it into the street (to prevent yourself from being imprisoned and tortured by the Millennials who won't understand your terrorism).