http://armstrongeconomics.com/archives/33539Silver is headed below $12 and gold below $1050.
Most likely bottoming below $9 and $850. The lowest possible for gold in the $600s.
We have a bounce here in BTC and PMs, then headed for lower lows, which means < $150 for BTC and probably double-digits
It will be a blood bath.
You've been warned. And I have not been wrong since I started following Armstrong some years ago.
Guys, I think TPTB_need_war's account got hacked.
By looking to his latest posts, he never shared his post like 5 times among the speculation sub-forum threads and he never were doomish like this.
He must've been hacked by Anonymint then. He's the only one that mentions Armstrong Economics in every post.
I'm nearly sure that he is hacked, but who, I'm not sure.
Whatever, hope he will recover his account soon.
Not hacked. I wanted to make sure you can't refuse to admit I made that prediction LOUD AND CLEAR.
kLee with such narrow bands you can easily get stopped out by volatility. If you want to be a day trader, you need Armstrong's entropy model to do it well. You'd be wise to pay for his services. If you can't afford, then stop day trading because you will end up losing.
As a small investor, you can HODL or you can bet on understanding Armstrong's model broadly.
I am placing good odds on a bounce to $315 and I am long. At $315 I will be short until we get that blood bath < $100. I have confidence in the model, because I understand why it is predicting this. And it makes sense from many different vantage points. For example, look at the poll of the expected prices for 2015. 36% think $1000+. So we still need a blood bath to wash out all the fools. The reason we are getting a rally here is because it is necessary to maximize the amount money the fools want to lose, as they will double-down and buy more and then HODL all the way down to the bottom. The chart you quoted which shows the rally after every multi-week period of low volatility is apropos.
Armstrong pointed out that June and July are the season of the year for gold (thus private assets such as Bitcoin) to rally.
The risk you are failing to attribute to gold is that you won't be able to find any where to sell it.
The government will close down all black markets when they move us to electronic money.
Black markets can only exist where the mainstream money is not trackable. Ponder that.
Your only chance to not lose all your wealth will be an anonymous crypto-currency. Remember I warned you and you didn't listen.
Why would someone who has anonymous crypto-currency want to trade it for gold wherein they risk their anonymity in a sting operation. Duh.
My last prediction in May for a rise to $315 in June or July and then a collapse below $150 was correct yet again.
Free money available to all:
https://bitcointalk.org/index.php?topic=1082909.msg11954651#msg11954651The retards who are buying now and not selling are going to lose and end up selling below $100.But past happenings do not guarantee future happenings... You may have been right once, twice or even more times, but this does not mean you will be right this time..
I've always been correct on
BTC price in terms of the major moves. I was even correct in early 2013 when at $10 I gave my thumbs up to going all in.
Well in May I wrote in several Economics -> Speculation threads that BTC would rise from the low $200s to $315, then it would crash back down to eventually below $150 (and probably to double-digits) no later than sometime after October.
I reiterated these points over the past weeks in the Economics -> Speculation -> PnF and Economics -> Speculation -> Free Money threads. Even a few hours before the crash I reiterated these points again that everyone should have been short since $315.
The bottom in the BTC price will come in Spring 2016, and it will be back below $100, perhaps even below $50.
After that, we will start a new bull market that will make investors rich.
If you weren't dumb, you'd learn to stop ignoring me. You'd be clicking my Profile and reading all my archive of posts.
But you are dumb and lazy, so you won't do that. And so you will remain ignorant. And I sort of like that, don't you?
And last but certainly not least, sue your mother and fuck her too, because she brought your dumb ass into this world.
(that is if you think you should abrogate your responsibility and sue anyone for the market price movements of BTC)Everyone should have been short since $315 which is what I said first. And I should have stuck to that. Predicting the short-term moves is going to get you stopped out and you'll miss the entire decline. Everyone who did not short at $315 has already lost the decline to $254.
PS: I've decided to risk a portion of my BTCs following the advice you gave on Klee's thread. As stated there, I don't feel comfortable about it, but more and more I am convinced that your approach of BTC's is essentially a "gold-like" commodity and should be treated like one, is true.
As more people capitulate to the reality that it is better to be short than long that is what drives the extreme low.
This bounce back up is one more gift to go short before it is too late. Again the "Only the Date is Unknown". I don't know how far up the price will reach before crashing again or the timing. Volatility will increase.
The "End of Government" can mean many things. It can mean we still have governments exerting totalitarianism with the chaos of loss of rule of law (i.e. rampant corruption in government). Again study my upthread review of the decades long chaotic collapse of the Western Roman empire.
The government won't entirely disappear any time soon. You'll wish they would. In Rome it got so bad that the people just abandoned their land because the government was so oppressive. Later there was no government in Rome and only cows grazing in the city. But first the totalitarianism.
Nearly everyone who has argued with me has ended up eating their words later.
You confuse ego with leadership. I am very cordial with people, but leaders don't lead into mud just so they can placate the stragglers and losers.
I give you the readers a "heads up" that your bullishness is the sign that the bottom has not been reached yet. The bottom comes when you the bullish fools finally in desperation go short. Then the smart money covers their short position, you fools are bankrupted, and the next bull market starts.
You are the one who is throwing your ignorance around and hurting readers.