I did short Bitcoin since $600 twice. Have you not seen the public posts?
I temporarily went long at $300.
I do this all without ever touching much Bitcoin myself. I have others do it for me.
I temporarily went long at $300.
I do this all without ever touching much Bitcoin myself. I have others do it for me.
I urged going long at $300 for a bounce. I said we'd initially do a bull flag at $350, then push back up to $400 - $440 test of prior resistance. After that I expect a further decline to eventually test $150 - $200 for a firm bottom. There is a small probability we could meander back into the $500s first.
You need to understand that all private investments (i.e. not government bonds) appear to be inverting to make a 2015.75 low, then phase transitions into 2017-2018 as government falls into the abyss after 2015.75, while government bonds appear to make one last gasp rally from now until that final cliff:
http://armstrongeconomics.com/2014/10/14/so-when-will-we-know/
(at least read this one)
http://armstrongeconomics.com/2014/10/02/the-trade-of-a-lifetime/
http://armstrongeconomics.com/2014/10/12/the-pending-phase-transition-cycle-inversion/
http://armstrongeconomics.com/2014/10/09/the-dollar-the-greatest-short-position-perhaps-in-history/
http://armstrongeconomics.com/2014/10/10/what-happens-when-government-collapses/
http://armstrongeconomics.com/2014/10/13/the-dow-3/
http://armstrongeconomics.com/2014/10/13/dow-today/
http://armstrongeconomics.com/2014/10/14/dow-for-10-14-2014/
http://armstrongeconomics.com/2014/10/11/us-share-market-for-next-week-oct-13-2014/
http://armstrongeconomics.com/2014/10/06/24043/
http://armstrongeconomics.com/2014/10/10/li-opening-shanghai-gold-exchange/
http://armstrongeconomics.com/2014/10/12/pension-crisis/
http://armstrongeconomics.com/2014/10/12/imf-admits-they-are-clueless-to-solve-world-economic-crisis/
http://armstrongeconomics.com/2014/10/13/german-debt/
http://armstrongeconomics.com/2014/10/14/will-2015-break-germany/
http://armstrongeconomics.com/2014/10/08/eu-commission-to-reject-hollandes-budget/
http://armstrongeconomics.com/2014/10/14/french-government-on-brink-of-collapse/
http://armstrongeconomics.com/2014/10/14/brussels-shuts-down-catalonia-referendum/
http://armstrongeconomics.com/2014/10/01/more-fraud-exposed-in-scottish-election/
http://armstrongeconomics.com/2014/10/10/banning-extremists-from-social-media-and-tv/
http://armstrongeconomics.com/2014/10/13/france-says-it-alone-will-decide-its-budget/
http://armstrongeconomics.com/2014/10/03/hollande-single-handedly-destroys-france/
http://armstrongeconomics.com/2014/10/02/swiss-pension-crisis-its-everywhere/
http://armstrongeconomics.com/2014/10/09/ecb-negative-interest-rates-send-money-to-dollars/
http://armstrongeconomics.com/2014/10/07/europes-answer-to-reform-more-of-the-same/
http://armstrongeconomics.com/2014/10/04/the-troika-threatening-ireland-now-as-well/
http://armstrongeconomics.com/2014/10/10/taking-photos-from-your-phone-now-pose-serious-risk-to-warrant-tax-fines-per-photo/
http://armstrongeconomics.com/2014/10/09/civil-asset-forfeiture-police-corruption-exposed/
http://armstrongeconomics.com/2014/10/08/is-revolution-coming-driven-by-the-youth/
http://armstrongeconomics.com/2014/10/07/tass-reports-in-russia-obamas-attempt-to-cut-off-russia-from-the-entire-world-economy/
http://armstrongeconomics.com/2014/10/07/gorbachev-one-of-the-last-few-world-leaders-blasts-obama-as-the-great-plague/
http://armstrongeconomics.com/2014/10/06/obama-needs-to-be-impeached-he-has-lost-his-mind-if-there-ever-was-one/
http://armstrongeconomics.com/2014/10/06/obama-is-out-of-control/
http://armstrongeconomics.com/2014/10/01/obamas-russian-sanctions-are-backfiring-on-us-further-destroying-the-world-economy/
http://armstrongeconomics.com/2014/10/06/obama-a-real-lame-duck-who-try-to-rule-the-world-like-his-children-i-will-cut-off-your-allowance-and-go-to-your-room/
http://armstrongeconomics.com/2014/10/06/free-handouts-always-invoke-a-behavior-change/
http://armstrongeconomics.com/2014/10/05/ecb-wiping-out-german-savers-with-every-step-it-takes/
http://armstrongeconomics.com/2014/10/03/comment-from-europe-on-france/
http://armstrongeconomics.com/2014/10/06/the-last-straw-in-a-dying-form-of-government/
http://armstrongeconomics.com/2014/10/03/obama-holder-destroy-the-constitution/
http://armstrongeconomics.com/2014/07/31/ebola-virus-the-next-plague-due-2019/
http://armstrongeconomics.com/2014/10/14/obama-may-turn-to-private-armies/
http://armstrongeconomics.com/2014/10/10/ebola-in-spain-perhaps-greece/
http://armstrongeconomics.com/2014/10/07/european-scientists-traces-aids-back-to-1920/
http://armstrongeconomics.com/2014/10/05/cycle-in-bacteria/
http://armstrongeconomics.com/2014/10/04/ebola-the-next-plaguepandemic/
http://armstrongeconomics.com/2014/10/03/thomas-eric-duncan-lied-to-get-out-of-liberia/
http://armstrongeconomics.com/2014/10/03/will-the-demise-be-plague-or-economics/
http://armstrongeconomics.com/2014/10/02/ebola-plague-stupidity-is-a-real-epidemic-inside-government/
http://armstrongeconomics.com/2014/10/01/the-first-ebola-case-appears-in-the-us/
Another ramification is that investment pumped crypto-currency will continue to wither until 2015.75. Only a paradigm shift crypto-currency can go counter-trend until then.
P.S. Hope you noticed I have called the decline in the BTC correct twice now when you vehemently disagreed with me. Both times falling from $500s to the $300s. I helped the people in my group get out of BTC at $485. I actually told them in the $500s because I didn't pound the table hard enough.
almost free for all already 
Before both dips from the $500 - $600 BTC level, I stated it would fall to $350 - $400. I have even been comparing it to silver's decline. Recently when BTC dropped below $400 and then bounced to $440, I said it was going to $200 - $300, probably $200 and that would be a firm bottom to start a new bubble.
I pounded the table to my whales to dump BTC at $485 recently and so they would maintain their fiat wealth.
Some of those predictions were in public posts.
Quote from: prvt msg on Oct 1
If I am correct, the altcoins will be dragged down with BTC. We are not going to bottom until the Winkervoss ETF is launched.
I don't know this for sure. I only have a 50% chance of being correct. I correctly called the prior two declines from the $500s to $300s. Hope you all sold in the high $400s and repurchased below $400 as I suggested. I am selling this bounce we have now. But that doesn't mean I will be correct from here. With 2 correct calls, it is more likely I will be incorrect on this 3rd one.
There is much more room to the upside than to the downside.
However, the BTC chart looks just like silver's decline. It bottomed twice at $26, before collapses to $17. BTC has bottomed twice at $350ish. I think we will break through and head to $200 probably by December when the tax selling season peaks:
https://www.cryptocoinsnews.com/bitcoin-price-forecast-and-beware-bitcoin-regulation/
http://cointelegraph.com/news/112576/bitcoin-analysis-week-of-sep-21-wealth-management-pt-i
The bullish charts are much more short-term thus don't have the same veracity to me:
https://www.tradingview.com/s/bitcoin
Armstrong is correct the dollar is coming stronger. Capital is moving out of alternative investments into mainstream dollar investments such as stock market and real estate. We have a hell of a run to $1100, with 100 - 1000X gains. That has to unwind before we can set a new bottom and go up again. The Bitcoiners have to hate Bitcoin before we reach a bottom, just like silver investors have been destroyed.
I could be wrong! Don't blame me if you follow me and miss a big rise in the BTC price.
I suggest moving something like 25 - 50% of your crypto-currency holdings to dollars cash if they are a sizeable portion of your liquid net worth.
Thoughts?
I don't know this for sure. I only have a 50% chance of being correct. I correctly called the prior two declines from the $500s to $300s. Hope you all sold in the high $400s and repurchased below $400 as I suggested. I am selling this bounce we have now. But that doesn't mean I will be correct from here. With 2 correct calls, it is more likely I will be incorrect on this 3rd one.
There is much more room to the upside than to the downside.
However, the BTC chart looks just like silver's decline. It bottomed twice at $26, before collapses to $17. BTC has bottomed twice at $350ish. I think we will break through and head to $200 probably by December when the tax selling season peaks:
https://www.cryptocoinsnews.com/bitcoin-price-forecast-and-beware-bitcoin-regulation/
http://cointelegraph.com/news/112576/bitcoin-analysis-week-of-sep-21-wealth-management-pt-i
The bullish charts are much more short-term thus don't have the same veracity to me:
https://www.tradingview.com/s/bitcoin
Armstrong is correct the dollar is coming stronger. Capital is moving out of alternative investments into mainstream dollar investments such as stock market and real estate. We have a hell of a run to $1100, with 100 - 1000X gains. That has to unwind before we can set a new bottom and go up again. The Bitcoiners have to hate Bitcoin before we reach a bottom, just like silver investors have been destroyed.
I could be wrong! Don't blame me if you follow me and miss a big rise in the BTC price.
I suggest moving something like 25 - 50% of your crypto-currency holdings to dollars cash if they are a sizeable portion of your liquid net worth.
Thoughts?