Quote from: OROBTC on May 15, 2017, 03:55:24 AM

Quote from: miscreanity on May 15, 2017, 03:27:44 AM

Quote from: tabnloz on May 13, 2017, 05:52:04 AM

As for MA, take out his ECm & talk of super computers and his overall thesis on the collapse of government is quite common. Many macro guys have similar theories, just packaged differently. But to be fair, MA has been saying it a lot longer.

He has also been exceptionally accurate.

One thing that has disappointed me is his assessment of Bitcoin, and cryptocurrencies in general. His latest post regarding Bitcoin indicates that he considers it to be just like any other single-class asset. I am left wondering whether he has genuinely studied the system to understand the intricacies and how it differs from any other asset, not to mention the scripting capabilities.

OK, that's interesting. Armstrong is very up to date on at least some technologies, I suppose that no one can be up to speed on everything. Still, he writes on money, freedom and history; one would think he would have looked into Bitcoin some more.

Bitcoin is a different asset class, he should be following it more.

MA's latest is on Bitcoin, where he likens the volatility of btc to the crash in mutual funds in the 60's (ie, funds dropped by 80% when the Dow dropped by 25%). He just sees it as an asset with high volatility and not a currency or store of value. But he also says that after the crash, the tech may be the future.

https://www.armstrongeconomics.com/markets-by-sector/foreign-exchange/bitcoin-alternative-currencies/