Latest posts of: HairyMaclairy

Looking out a dirty old window
Down below the cars in the city go rushing by
I sit here alone and I wonder why

27k sats and all is well...

For those of you barking a week ago that RSI was overcooked - it has come back down again and nothing has happened. RSI is useless imho.

Quote from: birr on June 01, 2019, 09:57:55 PM

This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (60 posts by 15 users deleted.)

Sixty posts deleted out of about 480k, or one in eight thousand.
Whereas deleting half the posts would improve thread quality -- historically speaking.
Lately about 80 or 90 percent of the posts need to go.

Yes but which 80 or 90 percent?

We tried voting but the bugmen keep stuffing the ballots

Can you imagine what a zoo this place is going to be on the next bull run. I don’t know how I am going handle 50 pages a day

I wouldn’t get too excited we just cleared down to 8 sats/byte

Leo is too good looking to be hetero

Quote from: realr0ach on June 01, 2019, 04:44:07 AM

Fiat dollars are only an asset with interest rates higher than zero, or in reality, higher than inflation rate. If rates are negative or even neutral, there is no reason to touch paper over metals and the invisible hand of the market causes the shift back to the real asset of metals.

Haven’t interest rates been lower than inflation in the US since the GFC? And nothing has changed?

You haven’t answered the question. You have just restated your assumption.

Why would a Central Bank move onto the gold standard? Spell it out.

Quote from: realr0ach on June 01, 2019, 04:13:19 AM

If DB, derivatives, and all the other shit goes bust, the world is obviously going back to metals as the base of the financial system.

That's a fairly huge leap in logic. Why would any Central Bank voluntarily remove its ability to print fiat?

Quote from: bbc.reporter on June 01, 2019, 03:53:17 AM

Some shitcoins might have the answer to the problems that might occur in bitcoin's monetary policy when all the coins have been mined, however.

I don't know about you, but I am planning on being dead in 2140.

Quote from: Biodom on June 01, 2019, 03:08:12 AM

Quote from: HairyMaclairy on June 01, 2019, 01:25:25 AM

Yes it’s starting to feel like 2004 - 2006. Record profits everywhere. But that can run for a long time.

But what is the trigger? It won’t be sub prime lending this time. What is the legacy market financial WMD?

The answer is already clear from some charts.
Main example: DB
This alone makes the stock market recovery, especially financials, as fake as it can possibly be.
Combine DB chart with its known derivative exposure and the upcoming story is quite clear.

Lol. Does DB really have a PE of 457 or am I reading the chart wrong?

Edit: Double lol. EPS $0.08. Nope I am not reading the chart wrong.

Ok, we have established that DB is a shitcoin. What next?

They are doing a fairly crap job of hyperinflating at the moment

Seems like a perfectly reasonable pattern. We ought to bubble around the halvening and crash after.

We are currently high, hot and fast heading toward the halvening. What would really put the wind up the skirts would be a big crash just before the halvening. Like a pre-fork crash.

Maybe that’s the scenario to aim for. Bubble builds through 2019, then big crash in March or April 2020. Slow recovery through second half of 2020 turning superexpoparabolic in late 2021.

Fine. I will make a half hearted attempt.

Toxic why do you close your box before December 2021? Hard to tell on mobile but you are closing in October or November?

Does the centre represent a target?

Fabulous.

Are we married?

Quote from: fabiorem on June 01, 2019, 12:00:10 AM

Toxic2040 is right.

Forget the overlay.

Ok lads give us a road map for the next 3 years. Here is mine. Give us something better to work from.