Bitcoin Forum

Markets have just consolidated from the last rise in a sideways $535-540 channel with a strong $534 floor.  When a strong floor is in, the market tends to go up again shortly after.

https://i.imgur.com/cmc6bds.png

People who are waiting for a lower price are going to be:

http://wp.production.patheos.com/blogs/exploringourmatrix/files/2012/10/wpid-Photo-Oct-20-2012-914-AM.jpg

Get ready:

Checking the stats for the past 7 days we can see that the graph is mostly green (not counting -0.25% once). The price has become pretty stable for a short time of time. But the chances for an increase price in the upcoming weeks are high (at least my opinion), I don't expect to be doubled (not this year) but a slightly increase like the last time is good enough.

Welp, saw that coming from a mile away:

https://i.imgur.com/sfqWMji.png

Just like the move before it:

Another great thread from great friend, keep it up r0ach ;)

It's new market who knows when it goes up or down. Maybe it will reach to $550 but not more than that.

Pepe got you a teeny balloon.gif

Getting "Left Behind" is not an option.
If everyone who reads this thread goes all in, will the rally start sooner?

http://imagizer.imageshack.us/a/img903/5932/Suzhvq.jpg Yeah, trust this ... stay LAME, little boya.



https://bitcointalk.org/index.php?topic=1406951.msg14273356#msg14273356

http://imagizer.imageshack.us/a/img924/8760/gXmvnu.png

lol!

Awesome!

Your TA thread seems like it is going to get off to the same start as mine!

I am off to bed....I have buy-ins down below....way down below.

Way down on those Fib levels that say don't work in Bitcoin....maybe I shall wake up tomorrow to a nice surprise?

I also think that this current bullish trend is undeniable, and perhaps this is the right time to say goodbye forever to the $400 level. Within a couple of years, when we look back, we will not believe that once the bitcoin has had such a ridiculous low price.

Like P2P network, automated ressources without human intervention to serve the global people is always a success.

P2P network solve the storage problem.
Bitcoin will solve the money use, storage and exchange.

Next thing is the brain internet connexion ...  ;D

If everyone in the world bought just .1 BTC ... why, prices would go through the roof & streets would be awash with blood.
This is pretty unlikely, so no need to panic :)

Not "everyone in the world", but "everyone who reads this thread", would be enough to warm up the rally.
BTC doesn't need to "go mainstream" to reach much higher prices. You eventually need more than ~17 Million people to realize they desperately want to own at least one whole Bitcoin.

this is why bitcoin price is so volatile, market is filled with weak hands that make decisions by "reading threads" one says buy, the other says bitcoin is doomed.

people should really start thinking for themselves and look at the charts instead, everything is laid out in front of them pointing to the moon.

Lose your last shirt with r0ach is more like it ;)

Fuck you r0ach! Some hours passed after your OP and BTC began rising! You rock man!

I'm ready! The r0ach of bitcoin is one of my favorite characters in crypto.

Be careful, it's a bull trap.

You asshole, this is BTC speculation section. Go and promote your shitcoin in eth forum!

Looks like r0ach knows his shit, I like his posting, humiliating trolls & shills :D

wow this topic is turning into an insult fest. what the hell?
and the funny thing is that this insult fest is not the first time happening each time i see this from the early $300 price until now and bitcoin has been rising so far.

i see people are dumping their etehreum to move to bitcoin and trade there, same with other altcoin, it's the reason why recently all alt went red? i think yes

But the real question is:
How can we cash out all those ten/hunderd thousends dollar while not get slammed with money laundring?

The premined shitcoin ETH does not even merit to be mentioned here.

Unless you are doing something illicit you won`t get slammed with money laundering.

What if you bought 200 coins in 2013 for few bucks in cash. Traded them on a lot of exchanges , axidently tumbled them and then want to cash out 400k dollars when you have no prove of where they came?

Can you guys prove where ALL your coins came from?
I think I'm gonna get fucked in the arse. (I do not have 200 coins..)

I'm from europe so you dont have to pay vat on it.

Use Localbitcoins and cash out in small chunks (5k-10k)

Yes but I do want to use it to buy a house/car, should I cash out and play dummy that I did nothing illegal? (I did nothing illegal)
I'm sure a lot of other people over here cant prove where there coins came from to.

That accidentally tumbled coin wouldn't be the accidental take from accidentally unloading some weight on AlphaBay, would it? :D

How high do you think we'll go this year r0ach?

PLEASE RESPOND

Well, I was going to post earlier that the $570 floor would be enforced, but I decided against it because I wanted to see if mentally insane people would short and get squeezed.  It appears nobody is dumb enough to do so (even MatTheCat).  So yea, since there's no resistance whatsoever, pretty obvious we going up.

Tell them the truth? If you haven't done anything wrong then it's up to them to prove something. I guess you're talking capital gains. Those guys will take your tax and be happy.

Sounds fair enough

r0ach what will happen if your beloved Jews acquire 51% of BTC mining farms?  ;D 

http://s33.postimg.org/uwgkkgze7/Capture.gif
http://s33.postimg.org/55jod8w6n/gangsta.jpg
8)

Doesn't matter what it goes to in the span of 1 nanosecond.  It went to $595 after I typed that, then went down, then back to $575.  Walls are weak on both side during rise.

Do you even understand how shorts make money?

http://www.hamhigh.co.uk/polopoly_fs/1.3047559!/image/609671668.jpg_gen/derivatives/landscape_490/609671668.jpg

Do you understand you don't control this market and that even though you're a paid shill who has made over 500+ spam accounts, it has no effect on anything?  You've been spamming Bitcoin is going to crash for what? 2 years now?  Guess your shilling doesn't work too good when it goes from $200 to $600 in that time period.  Maybe you should shill against Bitcoin more to make it go up faster.  Tell your friends at the JIDF and Goldman Sachs to hire more shills.

Of course I don't control the market. Your Chinese Overlords do.

http://s33.postimg.org/49173awxb/youtwaifu.jpg

https://img.rt.com/files/news/22/65/a0/00/31.jpg

Do they feed you well, at least? Give you a dry place to sleep?

You've already spammed that picture 4 times before.  We know you're upset Bitcoin is going up, but spamming a picture of 5 Chinese guys that nobody has ever heard of doesn't seem to help your cause.  You'll have to go back to the drawing board for new propaganda.

https://i.imgur.com/wuFqSAC.gif

Should I post different pics of your Chinese puppet masters? Do your Chinese overlords change from day to day? I'll see if I can dig up some better shots, brb :)

K, I'm back. Here you go:

http://s33.postimg.org/ebngqmwbz/liz11.jpg

In this one your husbando forgot to put on his human disguise.

http://s33.postimg.org/dva29k8j3/bitches.jpg

A weak human selling his soul (and yours!) for some Saurian shekels.

http://s33.postimg.org/73jn6pjjj/e15_31111.gif

Your Lizard Master cosplaying as Human Female. Very convincing.

Should I get some more, or are we good?

http://s33.postimg.org/5mjx4ckdr/thelife.jpg

It'll get better, brah. Hang in there :)

http://s33.postimg.org/isj1gxl4f/almost.jpg

he's an ETH drone now.

I think it's a requirement for ETH holders to generate at least 50 new spam accounts a day and have less than 6 functioning brain cells, judging by the post of the average ETH holder.

Its not really them controling any market unless they dump their coins or do something drastic.

But they can easily manipulate their own market exchange if they want to esp in volume.

I mean if you want to take this even further we can discuss how theres only known mining pools that keep our network together increasing confirmations.

While the banker shills make up stories of "evil Chinese conspirators", everyone who actually holds Bitcoin right now:

http://www.youtube.com/watch?v=R8G-NHFELaw

Are we rich yet?

Tomorrow.

while naysayers are fighting over they become rich today or next day we who have invested in bitcoin a while back are just enjoying our rewards from the price rises that hasn't even stopped yet!

ETH went up x11 this year alone, making Etherians 1100% richer. How'd your obsolete retrocoin do?

Obsolete?? Bitcoin is about to make ETH obsolete like the annoying inbred child it is.... get the fuck out

https://bitconnect.co/bitcoin-news/172/bitcoin-getting-smarter-smart-contracts-than-ethereum/

Lol, o, u jelly! Why is it beetcoin is always "getting" something (In Two Weeks^TM)? You're also getting SegWit in the-month-before-last, and, when that's finished, you can start thinking about scaling a year ago.
How gullible are you, to keep buying all these promises?? Am I promising anything, trying to lure you in with all the unicorns ETH will get?
NO.
Just numbers. Cold, hard, irrefutable facts 8)

No more shills allowed here. Just leave you pesky degenerate^. go to yahoochat and get your funnies off.

There are virtually no asks on the book between $597 and $620.  This thing is about to explode upwards after it gets past these fucktards trying to stop it who only have about 1000 coins left.

edit:  Now some moron goes and places his 1200 BTC ask wall back to try and stop it from going up right after I post that.  These shorters will get squeezed anyway.

Please stop your delusional biased view
Ask price will show up once the price gets close to $597.

BTC is struggling to pass $585. 

You've already been exposed as a lying sociopath, Ethereum shill.  Not sure what planet you're from where you think being a serial liar doesn't make you a scumbag.  You already admitted to having longs open while telling people not to buy BTC at the same time (who the hell knows what the logic in that is).  I don't need to lie to try and make my position work like you do:

don't you realize the purpose of altcoins is to act as testing grounds for bitcoin?

ETH is just one of the lab rats for bitcoin, nothing more.

You had to really know the Bitcoin market well to play during this small era of trading.  The charts were completely different on Finex and Huobi and there was some giant bear whale on Finex trying to prevent it from going higher.  Any casual Bitcoin trader probably had no idea where this market was going.  It's not going back below $600 now, so that leaves a lot of clarity for the casuals on what the downside (little to none) and upside is (lots).  Due to the lack of downside and large upside in view now, expect lots more up.

Right now the bitcoin market is going overboard, which is great because I have invested a ton in BTC. And it's going to pay off. The halving is still approaching and the price is already soaring :D

Bitcoin is for the aspiring rich :D

Good call OP, a lot of people mad right now all over the internet because they didn't buy already waiting for the perfect price.. those people never learn. Waiting for the perfect price on an asset that has a tiny marketcap and so much upwards potential is beyond me. Anyway look at those fools now:

Some people are just salty that they didn't buy bitcoin earlier when r0ach warned them about what was going to happen. They held onto their altcoins, and made way less profit than they would've.

So yeah, now they're spreading FUD as usual...

How do you tell when the rally has lost steam?

There will be a few sell-offs that result in small drops of $5-15, but it quickly recovers.

This rally is probably going to continue all the way to the halving and then a little.

The party is just starting up, boys. Some people are already getting out of the market but seriously we still have a long way to go from this price. It's a long way from the top yet.

Bitcoin can make two kinds of people: salty people and rich people.

Haha ;D
You have to laugh don't you. I've noticed the ETH trolls have crawled back under their rocks, for now any way.

As someone who is 90:10 btc:eth I don't agree. Both eth and btc are rallying hard together. In dollar terms eth is at ATH. Bitcoin is driving this rally but do not forget that in 2013 incredible gains in the alts were also obtained as the bubble hit full swing.

Bitcoin has now completed a giant, two year long cup and handle.  For any TA illiterate, that means likelihood of skyrocketing soon = high:

https://i.imgur.com/ERhUFpV.png

I thought the cup and handle had to be in a bull trend to be positive ? 

I suppose the long trend is bullish though.

I was thinking we might see it hit 1200 and bounce back down to 8-900ish for the ultimate cup and handle.. one the world has never seen the likes of.

A lot of people is about to become very, very rich. Whales are buying every dip that happens on the way up. This 725 to 650 ish dip is just another time for the whales to keep buying more Bitcoin. It will keep happening as we go up. Rises with corrections all the time while smart hands keep stacking more and more BTC.

Hey r0ach, you fucking shill, how high is this rally taking us? You think we will pass ATH this year??




I better be one of them... I'm tired of not being rich. 60 bitcoin won't get me rich  anytime soon though

I wouldnt say rich lol.

Unless you have a ton of coins that still to make up the price difference on what you have or not have.

But its a nice a chunk of profit for most, anyone holding 1 btc minimum should see like a extra $1k in their pocket.

funny thing is that the eth etilist think that eth also increased in the value($19), instead we all know that it is only because bitcoin increased so much, so eth actually has not increased a single penny against bitcoin

too much delusional there...

We're gonna need a bigger amount of tea.

You know, to fill that huge huge cup.

At least we'll be able to afford the tea.

Lol

I wouldn't sell my bitcoin for all the tea in... China?  :D

With the supply getting neutered in half I really am not even going to be sad if somehow people start dumping during the days of the halving. Simple supply and demand means that the price will rise basically no matter what kind of instant sell pressure there happens to be along the way.

I agree with you because thats how bitcoin always work. Pump then dump then pump again then dump again. Like an endless cycle.

It's a bull run until it is not.

Up, retrace, up, retrace, consolidate, up, retrace.

Don't fight it until it breaks.

Yes, yes. Agreed. It isn't really a question whether bitcoin will rise or not. It will definitely rise. The question is, what will be the price be after halving?

I think it is only sensible that you cashout your earnings when you think that it is becoming somewhat of a bubble. However, I don't think we've seen the highest price yet.

I follow your advice r0ach and certainly have bene richer :D

Well, 60 is not enough to become rich soon, but in 10 years anyone holding 60 BTC will be rich. Hell anyone holding 21 BTC will be rich.

But the thing is, most people will have sold by then, and fewer and fewer people will own whole BTCs, so chances are you will not make it due selling too soon.

Anyone who makes it to 2026 with double digit bitcoins will be considering retirement. I would say it would just depend on their age, lifestyle, and debt. Then again this could be entirely conservative

That was interesting.  Just like at the start of the rally when the west originally hit $480, the west just became more bullish than China and converged upwards while China was asleep, temporarily reaching higher prices than China with the west forming an upward channel at the same time.

https://i.imgur.com/55LxRNQ.png

There's my current play:

I think thats how it really goes, even people try to dump the coin if theres new user his getting interested and bought its still a demand. As long as we  have buyers the demand is still there and doesnt affect much of the bitcoin's price to fall down.

Ive not been in the bitcoin game for long but long enough to notice that after every pump usually there's some form of bad new delivered that lowers the price and then many people call the end of days for bitcoin, this goes on for a while and i even think to myself maybe i should sell. But i hang on in their and then we get another pump and all is good again.

Are we fucked r0ach?  :-[

Last trade:

https://i.imgur.com/RIvzpyd.png

Welp, I luckily didn't all in at $650 and dollar cost average my rebuys all the way down.  That was the scammiest drop I've ever witnessed.  The shorts at low levels were completely irrational when they know there's nothing on sell side walls for them to cover with.  They were basically setting their money on fire solely to try and lower price at that point when their rebuys would just take them into a loss and back up to over $600.

Then you have insanely scammy stuff like this on BTCE while the price was still over $600 on other exchanges:

https://i.imgur.com/3GQeqN6.png

Lel, u don't get to cry scam(!) after surprise Butsecs like that. Or, you can, but you shouldn't, makes you look'a' cuck. It's just business. Cheers, expensive lessons are the best ones.

Oh yea man, such an expensive lesson selling at the top and dollar cost averaging buys all the way down and ending up with 3x more than what I started with lol.  Nice try shill account created in May 2016.

This article has some insanely high digits:

"if even 1% of funds currently sitting in offshore accounts were transferred to bitcoin, the value of this virtual currency could increase substantially. Since the number of Bitcoins in circulation is currently capped at 21 million, if these billions of offshore dollars migrate to that cryptocurrency, the worth of a single bitcoin could rise from $580 to nearly $3 million."

http://motherboard.vice.com/read/bitcoin-might-make-tax-havens-obsolete

Anthony:
Fact: Dignan, the picture's not doing it for me right now.

Dignan:
Well does the fact that I'm trying to do it do it for you?

I'd love to see the maths that shows how selling at the top and "dollar cost averaging buys" across a ~30% drop gives you 300% of what you started with.

This thread is a continuation of:

Lose all your capital fast, with MatTheCat and his TA 101A!

https://bitcointalk.org/index.php?topic=1442399.0

We've been trading the rally up and down since $440...on leverage of course.

Last trades:

Selling:

https://i.imgur.com/EjDMeGI.png

Rebuying the dip:

https://i.imgur.com/cWOTQwQ.png

This might have been a good long to hold but I just let it go for the scalp because I've been up like 48 hours and can't be assed dealing with babysitting a bunch of longs.  There's a perfect cup and handle setup, so if you've actually slept in the last week, it might be a good entry with a stop loss around here if you want to roll the dice on getting near term Brexit chaos gains:

https://i.imgur.com/XTiwko3.png

Trading music sponsored by Metallica (TM)

https://www.youtube.com/watch?v=NUAdgt5Glk0

Current state of Bitcoin market June 26, 2016:

01[19:03] <r0ach> when it broke below $600 the other day, it was due to MASSIVE amounts of shorts
01[19:03] <r0ach> and not real bitcoin sells
01[19:03] <r0ach> so it was entirely bullshit bear raid
[19:03] <cesurasean> how do you predict the dips anyways? reading materials about news, etc, gather info?
01[19:05] <r0ach> this:  https://www.youtube.com/watch?v=4y6qD_2SQrs
[19:07] <cesurasean> hehe
[19:30] <wsmsg> r0ach: still bull?
01[19:34] <r0ach> market is controlled entirely by 1 single entity on finex right now, he can send price anywhere in short term, so I trade entirely off what he does.  For halving still bullish yes
[19:36] <wsmsg> whats his position now?
01[19:38] <r0ach> he's testing the market low right now.  He is the one who pushed it to $550 last time, but he did so with shorts and not actual coin sells, so it entirely depends on if this guy does some stupid move and tries to crater the market while also taking a loss on shorts he has to cover (but can't)
01[19:38] <r0ach> it doesn't look like he's going ballistic with shorts this time tho
01[19:39] <r0ach> at least not the extent as before
[19:39] <wsmsg> lets hope the uptrend continues :) thanks for your insight
[19:41] <fluter> is it possible to identify this person and know who he is?
01[19:41] <r0ach> if BitFinex gives him up...sure
[19:41] <Squidicuz> ...
[19:42] <wsmsg> id imagine youd have to have quite deep pockets to move the market
01[19:42] <r0ach> he's got a lot
[19:42] <fluter> This is how difficult with bitcoin, when in stock exchange, they have to publish the biggest traders everyday
01[19:42] <r0ach> enough where nobody tried to fight him yet at least
[19:42] <berndj> how do you know it's the same one, r0ach ?
01[19:42] <r0ach> because when you trade bitcoin every day it's easy as shit to notice
01[19:43] <r0ach> just like it's easy as shit to notice Eth is controlled by one guy on Poloniex
01[19:43] <r0ach> so the 2 biggest crypto markets are completely non-aggregate markets
[19:44] <fluter> I wish I have you knowledge, r0ach
[19:44] <fluter> your
01[19:44] <r0ach> also, the last guy this pushed the market down on purpose, he shorted all the way to the bottom, kept shorting at the bottom at a loss, then like 1 nanosecond after his last short, instantly begins to cover
01[19:45] <r0ach> with a big spike
01[19:45] <r0ach> the guy who is doing it is probably reading this right now pissed I'm telling people heh
[19:46] <RainMan28> but r0ach how can you honestly know its just one single person and not a bunch of different people acting in a similar fashion?
01[19:46] <r0ach> because he doesn't obfuscate his activity
01[19:47] <r0ach> he's by far the biggest volume in the market, so he would have a hard time doing so anyway
01[19:48] <r0ach> he's also been forcing china to follow him
01[19:48] <r0ach> instead of vice versa
01[19:48] <r0ach> which was new to me
01[19:49] <r0ach> there was another mega whale that stepped in that attempted to take the reigns from China and pump higher when china didn't want to that got us to $790
01[19:50] <r0ach> not sure if it was the same guy or not
01[19:50] <r0ach> but that was the first time I saw China not being the leader of this market
[19:51] <fluter> r0ach: it might be a china trader trading outside of china?
01[19:53] <r0ach> china whales are usually easy for me to spot because they operate in binary modes:  1)  altruistic type WE MUST GO HIGHER mode and then 2)  Can't rise any higher, time to screw everyone with mega dump and shorts then leave the market till it cools
01[19:53] <r0ach> but the chinese never try to actually do long term damage to charts with mega lows and shit like that
01[19:53] <r0ach> but this Finex trader DOES
[19:54] <fluter> oh
01[19:54] <r0ach> I actually suspected it was Finex the exchange themselves naked shorting
01[19:55] <r0ach> because the guy has too much fucking money
01[19:55] <r0ach> which is why we should probably demand finex make a statement on this guy
01[19:55] <r0ach> when you have a completely non-aggregate bullshit market
01[19:57] <r0ach> the amount of margin right now is high, so they are also trying to scare out margin traders
01[19:59] <r0ach> yesterday the guy padded the buy side and got people to buy his shorts then dumped the market
01[19:59] <r0ach> so that's where we are now
01[20:00] <r0ach> price has 0 to do with fundamentals right now
01[20:00] <r0ach> just 1 guy

Interesting theory.

Certainly been a lot of shenaningans on Finex recently.....traders getting locked out at key moments, etc...

I am currently in a short at the moment, despite the already hefty drop (just going where my trade setup tells me to go). I have no idea if I am gonna get stopped, or my target is gonna get hit.....but I do have the feeling that at some point, this p.o.s is going to get pushed lower than the $555.

IMO BTC is consolidating at this $600-650 price range. It`s getting ready for the next important leg up.

Lol no one would ever say that, I call complete bullshit

Maybe it was MatTheCat:

Current chart for me.

https://i.imgur.com/EWapT2q.png

You seem to chart with only bitcoinwisdom r0ach....

.....tell me, how do you make such strings of killer trades, in at the bottom, and covering at the top, using such a basic, not to mention totally inaccurate, charting tool?

I speculate that the sideways will continue and taper off (which is in line with my earlier prediction when I divested).

We shall see.

Well, it's back to sideways again.  I knew this thing had to level off here.  I think exchange owners just naked short the fuck out of it to try and create churn for raking shekels into their pockets if the market actually does turn sideways.

Enjoy:

https://i.imgur.com/xauw4AT.png

That drop today seemed weird. I wouldn't be surprised if exchange owners buy/sell based on information about incoming bank wires.  Also, a bunch of whiny traders were piling on because 700 got "rejected".

Not being MatTheCat is all it really takes.

If that doesn't work, you can try watching this video:

https://www.youtube.com/watch?v=0akBdQa55b4

For anyone trying to understand the current world economy, I think this is about as good of a post as you can get:

I believe China is going to let this go sideways at $640-650 plus or minus $10 for a few weeks in order to fatigue the margin longs with interest rates to make them close and then raise it afterwards.  At least that's what I would do if I was China cartel.  Maybe they'll raise it to $666 again for shits and giggles.  There are a lot of shorts right now, so it's not out of the realm of possibility for China to try and squeeze them either.  I feel the odds mostly point to a semi-boring market for a while before it does anything.

yep....no doubt....shit ton of USD being wired to exchange accounts and exchange insiders start buying.......shit ton of BTC being transferred to exchange wallets, and they will start selling.



What is this?

r0ach doesn't think that Bitcoin is about to rocket into the stratosphere? He thinks BTC is just gonna kind of do nothing?

That my friends, is as raging a bear signal as I could possibly imagine....


The very high level of shorts on BFX (longs are still comparatively way higher though), however, does pique my interest. I suspect that with the timing of these shorts, these shorts are being held by strong Hands. Probably mostly by miners who are hedging their bets and who are happy to lock in $600-$700 range prices for their future BTC. If BTC goes up, they don't give a shit, if BTC goes down, then they are covered.....still if the market where to force all those shorts to cover and/or be liquidated, that would provide a huge boost to the BTC price...but then again, same thing could be said in the opposite direction for the still extremely high level of margin longs....perhaps the smart money shorts are piling up, just waiting for the long squeeze in order to cover their positions?


Very hard to read, but from past behaviour, margin longs, obviously, tend to hit their max as spot tops out, then margin shorts pile up, whilst margin longs start to pull back, as spot starts to decline, with peak, or near peak margin shorts, occurring invariably near the bottom of the move......I don't think we are anywhere near the bottom of the move however....we only just getting going.

It's the opposite.  Whenever Bitcoin goes sideways for a while and shows any sign of stability, it usually always spikes high right after.  Going sideways at a stable price for a week or two is the ultimate bull single.  The Chinese accomplish two goals at the same time by holding it sideways here, inspiring confidence in the market as a platform for the next big upshoot, and bleeding out longs until that upshoot occurs.  The best game theory motive is likely to pump it just a little higher to squeeze the shorts and put confidence in the market, then just hold it sideways there for a duration of time to also cause fatigue on the longs to capitulate, then you're screwing both margin parties at once to keep the price propped up until you're ready to skyrocket again.

Easy way to create inflation is just to reprice gold overnight at some massively increased rate. Don't need to confiscate it, just say it is now worth $7000 an ounce. All of a sudden, you will have your inflation as all things are repriced. The US acts as broker / dealer & buys / sells to keep stability.

Problem is that gold is sort of out of favor (tellingly though, the central banks are mostly still buying. Except for Canada). But if not all parties have gold it be very disruptive to the financial system and the paper gold market would be very problematic.

....and why would 'they' opt to reprice gold overnight?

Would simply repricing gold, repudiate all the debt obligations of the US government or something?

Am I missing something here?

Well, when you enter deflation it's because of two things, lack of liquidity and unserviceable debt.  Repricing gold would theoretically lower the debt obligation while also having a sort of helicopter money type of effect to raise the currently low money velocity.

The r0ach report vol 2: Bitcoin happenings & Ethereum rough consensus attack

https://steemit.com/blockchain/@r0achtheunsavory/the-r0ach-report-vol-2-bitcoin-happenings-and-ethereum-rough-consensus-attack

Btc is tanking r0ach. C an you tell us how to deal with our problems now?

It actually has bounced back to the floor that r0ach predicted, $535-$540.....if it holds then props to r0ach.

Snap. :P

Hey r0ach what`s your prediction for the current BTC movement?

I posted about it like a month ago on steemit below.  It's still in rising price discovery phase right now and a rogue China whale can obviously dump at any time and change things, but the chart is still bullish so just wait for signs of a double/triple top and breakdown afterwards (which has not happened yet), and that's all there really is to it.  Everyone is in the same boat.  Market makers don't know how high they can take it before resistance stops it, so you don't know when they are dumping and neither do they.  You might see a handle drop to like 670 or 666 before it regroups and jumps from there, or it might keep running to $720.

You were right r0ach !!!  ^^^

r0ach will you give us an update? ;)

Where BTC is heading?

Yeah this is one thread I would love to see an update on.
Predictions seem pretty spot on.

Are you dead cockr0ach?