Quote from: dmwardjr on October 16, 2018, 01:09:05 AM

Do you remember this video? "Andreas Antonopoulos - Currency Wars and Bitcoin's Neutrality" https://www.youtube.com/watch?v=6ZCVQHtD2l4&t=1s

I'll get back with you soon on those other questions. Simply wanted to post a response to the IMF article.

Quote from: Fakhoury on October 15, 2018, 02:10:57 AM

IMF: Rapid Growth of Bitcoin and Crypto Will Impact Global Financial System

I don't remember brother, but would like to hear your take on this piece of news please.

Quote from: dmwardjr on October 17, 2018, 11:35:32 PM

Hi Fak,

I'll do my best to answer your questions. Here we go...

Quote from: Fakhoury on October 15, 2018, 01:42:21 AM

1. Why can't I assume the price action in the Dow Jones Industrial Average chart "must" play out "exactly" as the Wyckoff Distribution Schematic I you provided specially that with taking a close look on the DJ chart, the price was on a bull trend from the late of 2008 or 2009 I think till now and only coupled with few bear-traps or sell-offs and this bull trend must come to end ? Plus you've stated that there is a lot of supply which is not matching the demand so the test of supply here will be produce a negative result which is 'Phase D'.

Well, if you look at my chart and the "example" of the a Wyckoff Distribution Schematic #1, you can see the price action in the DJI Average chart is not EXACTLY like the price action depicted in the Wyckoff Distribution Schematic "example." However, the "events" within each phase of both charts have occurred.

Yes, the bull trend is coming to an end. At least for a couple of years. I'm expecting the markets to drop approximately 70 percent. Similar to what crypto's dropped from All Time High (ATH) to their lows.

If you watch the two following YouTube channels religiously like I do, you will get a lot of "Fundamental Analysis" (FA) to go along with the "Technical Analysis" (TA) I've provided in my DJI Average Publication in a previous post.

To understand my Technical Analysis, you would have to understand HOW to use an indicator called, "Godmode 3.1 Mod with LSMA." You can read the Five (5) Rules I created for Godmode that I posted in the comments section of the following publication if you want to: https://www.tradingview.com/chart/EURUSD/aBjslCC2-Using-Godmode-3-1-mod-with-LSMA-merged-with-Stochastic-RSI/ This way, you might understand better why I'm saying I'm expecting approximately a 70 percent drop from All Time High on the DJI Average.

The IMF has been screaming lately about a DEPRESSION coming soon. However, they are TRYING to lay a narrative to blame it on Trump. In reality, it's the Central Bank's fault. They wanted Hillary to get elected because she would have given them the world war they wanted in order to blame the collapse on the war instead of their

Quote from: Fakhoury on October 15, 2018, 01:42:21 AM

2. What makes you sure that there is an imminent market crash in the making and it will hit us sooner than later ? On what base or reason did you build those assumptions my friend ?

Well, I'm pretty much in total agreement on "most" things with the two (2) following individuals in the links I'm about to provide. Subscribe to their channel and watch them religiously...

X22 Report: https://www.youtube.com/watch?v=xtaypJxrU30

ITM Trading: https://www.youtube.com/watch?v=6Lq6OhDbeAw

Quote from: Fakhoury on October 15, 2018, 01:42:21 AM

3. Do you see governments are stacking on Bitcoin now in a secret manner ? and Why ?

I'm believe that is the case based of what Christine Ligard (IMF Chief) total banks to do months ago.

Quote from: Fakhoury on October 15, 2018, 01:42:21 AM

5. You said, "We have rough times ahead in regards to stock markets crashing, banks closing and governments defaulting on their treasury bonds. I see a total ruin resulting in a RESET of the global FIAT system."

Why we will have rough times ahead ? And do you see this as imminent scenario ? If yes, why ?

We are heading towards a DEPRESSION. 100% certain of it!!! Even Legard (IMF Chief) says we are. Trump and "Q" have been carrying out a plan to rid the world of our current FIAT system and Central Banking System. If you have kept up with "Q" you would know this. Dave, on X22 Report almost always cover "Q" posts each day during his "Political/Geopolitical" publications.

As to WHY??? Listen to what Dave says in that X22 Report link I provided. Here it is again: https://www.youtube.com/watch?v=xtaypJxrU30

He should be posting a "Political/Geopolitical" publication shortly. The link I posted previously is the "Financial" publication.

Quote from: Fakhoury on October 15, 2018, 01:42:21 AM

6. Do you see banks have entered into Bitcoin accumulating business or not yet ? If not, what are they waiting for and when do you see this happening ? If yes, based on what did you say my dear ?

I have no proof to show by the markets they are entering into crypto. Not sure if you knew this, but exchanges have other crypto markets for those with LARGE bank rolls who can purchase crypto in blocks of $1 Million and more. You have to PROVE you have that kind of capital to be invited to these exchanges. Binance, BitStamp, CoinBase and Kraken are only a few of those exchanges that have markets for big players to trade LARGE amounts without stressing the market. Also, they are able to buy large amounts at a bargain compared to those of us "retailers" on the regular exchanges.

A lot of questions I know my dear, sorry about that but as you see, I enjoy and want to learn more from you

Thank you for your time and information in advance my dear brother

Warmest regards,
Fakhoury

No worries... If any more questions, simply ask.

Best regards,

David

Hey Dave,

I would like to thank you a lot for covering all these questions my dear brother and close friend of all us, not only me.

I've subscribed to those two channels right now plus I've dug into the "Q" to understand it more, a lot to read and learn from.

I agree with you that we have a depression time coming sooner than later, new era to witness as we have now Bitcoin in the wilds.

Nothing more to add, I enjoyed reading Bitmore1 latest reply, I see he adds some valuable points as well.

Thank you again my dear and wish you all the best, and please keep us updated regarding your latest trading project.

Wish you all the best.

Sincerely yours,
Fakhoury

Quote from: Bitmore1 on October 20, 2018, 07:34:03 PM

Hi Dave, Fauk, and all my permabull brothers!

Yes, it could get very ugly. We are talking about a hyper-inflationary collapse of the Dollar (the strongest fiat currency, which if it collapses will probably take out all the others). Many think it is way overdue, and while I love what it will do for bitcoin and our positions who HODL, it will be a hell for the rest of the world, and it could be very destabilizing, war wise...

The problem is of course we have spent 20 trillion dollars we don't have, and have promised over 200 trillion in unfunded liabilities, which while I wish I could collect on since I have contributed to them for decades, will not be affordable.. I am of course referring to Medicare, Medicaid and Social Security. Another way this could happen is to lose the dollar as the world reserve currency, the "petrodollar", which would result in all those dollars previously needed to buy and sell OPEC oil will all come home....

The only way the government will pay for them, (because no politician attempting to run for office can ever threaten to cut them), is to devalue the currency. Print money. Make it out of thin air. Raising interest rates lately may expedite this collapse because it will only accelerate the government's insolvency. And it is not without historical reference. Germany Weimar republic after WW1, Venezuela, Zimbabwe 2008,,,ROME hundreds of years ago!!!! --and many more, and they all follow the same spiral...

The compounding problem is that we have so many social programs that will collapse with the currency. So many people depend on the government check to survive today. As such, when hyperinflation event happens (and it can and has happened VERY FAST) their government checks will be equally worthless (unless they increase the check amounts, which causes more deficit, in a accelerating whirlpool making the dollar absolutely valueless) and it will cause riots in the streets.

People who don't know better (and they should) will scream for the government to fix the problem. But the government can only use force to fix anything when there is no money, whether it is to force taxation, or in the worst case here, confiscate property -things could get very ugly- Government force, martial law, to stop the riots, redistribute wealth, attempt to control the economy through centralized planning. The Constitution could be an unfortunate casualty. Not good.

I am hopeful though that if a hyper inflationary event does happen that Bitcoin may be the way out without losing our freedoms and country. And anyone with any amount of BTC/crypto/metals will be a necessary leader by default assuming property rights survive.

Not to be a downer, and in fact Bitcoin and crypto is a hedge against the worst case scenario, and perhaps it won't ever get to this point.

HODL.

Hey Bitmore1,

Nice to see you back again our permabull dear brother.

HODL, I like the way you ended your valuable post.

As I've mentioned in the above while I was talking to Dave, that for-sure coming depression time will be different for the whole world as we have Bitcoin now and no one of us knows how it will play out, but what I'm sure of that, as you said, it will reward us so well, specially the old hodlers and early adopters.

Bitcoin is here to stay and to save us all from what is happening in the world right now.

What a time to be alive !!!