Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
iamnotback
on 15/04/2017, 05:44:17 UTC
Sell all crypto-currency to fiat IMMEDIATELY. BTC will dive -30%. Altcoins will decline even more. SegWit and scaling has been defeated on both Bitcoin and (at least near-term) also Litecoin. Also there are macroeconomics things going on which will also hit gold and every asset except USD. Store your money in USD or altcoin USDT (dollar peg) temporarily until this dip has concluded.

https://bitcointalk.org/index.php?topic=1663070.msg18594538#msg18594538



Re: Take profits now!

In my opinion, going "all-in" or "all-out" at this very moment is dangerous (only exception: if you are totally satisfied with your profits until now).

The scaling debate still dictates the price movements. In every single moment the following two things could happen:
- some pool jumps to BU and gets it near or over 50%, making hard fork a real risk -> very bearish (target: ~700)
- some pool jumps to Segwit and gets it near or over 50%  -> bullish / sideways (~1200-1350, but perhaps not strong enough for a new ATH)
- UASF gets traction and Segwit approval is very likely -> very bullish (new ATH, target ~2000)
- a compromise solution (EB, Segwit2MB) gets Core and majority miner approval -> also very bullish

That's why I wouldn't take sides still. And I disagree with AnonyMint: I think no side has "won" until now.

None of those are possibilities. 0% chance.

I think no side has "won" until now.

And no side will ever win.

Reading the following threads (not just the linked post) will help you understand:

https://bitcointalk.org/index.php?topic=1857162.msg18526721#msg18526721
https://bitcointalk.org/index.php?topic=1837136.msg18571238#msg18571238
https://bitcointalk.org/index.php?topic=1767014.msg18579825#msg18579825
https://bitcointalk.org/index.php?topic=1867541.msg18570031#msg18570031

The above link to all my points on the Scalepocalypse.