People think this because it’s exactly what happened so far. I don’t think it’s naive to expect history to repeat itself, r0ach.
It's inevitable that a Bitcoin halving will be a buy the rumor sell the news event like this Litecoin halving:  |
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The bull market came earlier than in 2015, so we cant predict how long will be the current cycle. It could end in 2020 or 2022, despite the halving.
Lol, this is bullshit talk. When the price of Bitcoin would go from like $200 to $400 in a few days, nobody ever called it a "bull cycle", let alone a "3 YEAR BULL CYCLE". People called the market exactly what it was back then, a Chinese pump and dump scam that can implode at any second. Nobody ever made these retarded claims pretending imaginary, valueless tokens in a pump and dump scam are somehow 'guaranteed' a THREE YEAR bull cycle. The thought is just laughable. Bitcoin HAS NO PRICE FLOOR. The bottom can drop out at any second. It's happened too many times to count. As soon as it happens, miners shut off turning it into a feedback loop to plummet the synthetic price floor even more. Cost of production in Bitcoin is recursive based on it's own demand. It's a self-referencing system. Cost of production in metals IS NOT recursive. If zero people wanted to buy gold tomorrow, the cost of production would still be the same. That's not how Bitcoin works. |
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A lot of people buy solely because they think the halving is some type of guaranteed pump and dump profit. As seen with some of Litecoin's moves in the past, if the halving generates no return because everyone already bought beforehand, you can then wind up with epic implosions when everyone is on the same side of the trade. The halving then turns into dump fest instead of profit.
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He's basing the number off Martin Armstrong, who is a complete fraud. As much as I think Bitcoin has zero fundamentals due to transaction validators being designed to centralize - and just like all currencies (vs actual money), starts at a value of zero and returns there - one only needs to look at Armstrong's last prediction on gold. Armstrong claimed gold was going to "drop to the abyss below $800" when it was $1050. So, as you can see, Armstrong told people to literally SELL THE BOTTOM in gold instead of buying. I called out this Armstrong scheme the very day he said it, that it was not even possible for it to go that low without some type of catastrophic deflationary collapse that would blow up all the banks in the process. I actually bought gold at that time because I knew it could not go lower (without deflationary collapse) - and then later traded it for more silver due to absurd GSR. The purpose of Armstrong seems to me to be nothing more than a paid disinformation agent like Harry Dent. |
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Uh oh, Trollgoossens. It looks like the goyim know:  |
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Trollgoossens, you are a very stupid stupid man.  |
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You there, Last of the v8, may you live forever.   |
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investors
I would not call shitcoiners "investors". Nobody really calls Americans holding Yen "investors". Since Bitcoin is a currency and not a commodity, business, money, or anything else, holding it with the intention of dumping it on someone else for profit would just be forex trading. It's somewhat semantics, but you just don't really see forex traders called investors because everyone subconsciously knows currencies aren't investments and are entirely ethereal and valueless. |
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As for "brown people from 3rd world countries", does my girlfriend count?
She's got ten times more brains than you, you clueless moron.
BREAKING NEWS: Old, average or below average boomer-man slums it up and heads into the Congo jungle to practice white privilege with goal of securing female specimen that would be unattainable in his own environment. This phenomenon has never before been witnessed in world history except with the case of Elwar, Calvin Ayre, and 1.2 billion other boomer men. |
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Lunar and space mining will ruin Roach's lonterm gold investment.
Way ahead of you, bro. I'm on Mars mining silver right now. Cost of production is only $100,000 an ounce. Got a Indian guy named Pajeet Sharmul helping me out. Jamie Dimon is on the way. |
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Over the next 50 years there will be many more sources of silver and many other metals.
You have full blown down syndrome if you're claiming mining bullshit in space is in any way economical. Even if you had the technology to do so, the cost of production would be orders of magnitude higher than doing it on earth so it would NEVER BE DONE until metals on earth already went to the moon in price BEFOREHAND. Give up your 3rd grade (((digital currency))) lies and propaganda. If you can somehow pump the price of silver to $1000 an ounce or higher in order to make it economical to mine in space, feel free to do so! I won't attempt to stop you! Probably won't even be economical to do at $1000 an ounce.  |
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Peter Schiff is a Jew so you can trust him about as far as you can throw him, but if there's one thing he's correct about he said a long time ago that as soon as the fed gives up the phony rate hike act and goes back to cutting again that metals are going to start their climb to the moon and never look back. It took a LOT LONGER for that to happen than most people thought it would, but it has now happened.
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I guess it was an expected correction
An "expected correction" doesn't involve Chinese scammers raising the price with ridiculously obvious cliff face rise candles and then the exact same volume being dumped at the top. Why do shitcoiners try stupidly hard to avoid calling it what it is? A Chinese pump and dump scam. |
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Was $9K the top for a while? Kind of an ugly failure.....and now price has melted back into the previous range. Never a good sign. Maybe it's time to go back to $6K like masterluc was predicting.
Wasn't this masterluc guy predicting it would go to $100k when it was $20k and then it went to $3k instead? This is what happens when you create charts pretending what you're charting is a penny stock and the price can just go anywhere, when in reality, the market cap of Bitcoin is already mindbogglingly enormous and can't be moved up without massive amounts of money flowing into it. You can't create ridiculous charts showing the price going upwards at a 45 degree angle forever when it requires the entire GDP of Mexico to move it up a few bucks. |
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All the world’s silver has a lower market cap than XRP. Which only shows you that digital shitcoins are one of the world's biggest bubbles and silver is one of the most suppressed, cheapest to buy, inverse bubbles. The market cap of above ground, investment grade silver is also supposedly around $38 billion, not $17 billion. If those people are claiming there's only 1 billion ounces of above ground silver now, then get ready to see an absurd GSR like 10:1, 5:1, 2:1, or 1:1 for a while after metals rise. Everything I've seen shows there's closer to 2.5 billion or so, though. But that's about the same amount of above ground gold, so it's way more scarce than people think regardless. |
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64% chance of Dan Larimer in prison HAHAHA. Is the 36% escape chance calculated comparing the strength rating of the SWAT team vs the dexterity rating of Larimer to slip out of their grasp like a greased hog? |
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For example in China now many vending machines require a smartphone to purchase a cheap drink.
In real nations that aren't China, humans simply exterminate their govt when they try to force the Chinese social credit score system on them. |
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But to be fair silver doesn't need an internet connection, and wait for 6 people to sign an affidavit.
Do not tell the goyim such things, they have already been requisitioned for a different purpose:  |
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