I hope miners aren't complete morons and know that any type of hedging their production costs they attempt by shorting on either BitFinex or Bitmex will be squeezed by fraud from the exchange owners themselves.  Kind of funny how the only reason for shorts to exist is completely pointless?

For anyone good at macro systems, you can easily tell this predicts the collapse of civilization in it's entirety for non-homogenous nations.  It's the same thing as "The Florida Effect", where researchers studied that people were willing to shell out money for taxes to fund schools and such in districts that contained ethnic groups identical to their own, but not for others.  In other words, people are less likely to fuck each other over if they see the other person as a potential relative, and in that manner you avoid much of this psychopathic behavior, exploitation, unwillingness to train or invest in employees, tragedy of the commons, etc.  

You would also likely need to abolish corporations in general, as corporate charters when they were originally created were ONLY issued to entities that benefited the public good.  So if we were still going by that system today, potentially only things like maybe railroads, power companies, or whatever would get them, and 99% of the current ones would be revoked.  Multiculturalism (neo-marxism) is designed to implode for anyone with any understanding of sociology and be replaced by things like ultra-white nationalism.

Like I said above, as the price crashes down to around cost of production in the bear market, where it goes is mostly dependent on how many miners throw in the towel and how many simultaneously spend money to mine coins while also buying all the coins that go below their cost of production in order to try and rig the market up.  You could tell lots of big miners were already trying to rig the price upwards when it was around $10k and failed.  So many of these big miner market riggers are already insanely underwater trying to prop it up.

My forecast when it was $20k was not based on anything other people said.  My forecast was based entirely on treating bitcoin as a completely valueless pump and dump that's occurred in markets millions of times before.  The people who are losing everything are the ones that pretend "this time it's different", under the delusion that bitcoin is somehow destined to become the world reserve currency or something like that when it's fundamentals are god awful compared to gold and silver.  Anyone who has been in this market long enough (especially the MatTheCat days), knows bitcoin trades solely like a pump and dump scam and nothing else.

I had also mentioned it would probably stabilize around $4200 but would have flash crashes to $3k, but that wasn't quoted above.  Since bitcoin trades solely like a pump and dump, even if it does stabilize here, it requires a new pump and dumper to come in and accumulate and then do all the fakeouts and other bullshit again.  If no new pump and dumper attempts to take the reigns, then it's not going anywhere.  However, as I've said numerous times before, the entire worldwide bitcoin market is controlled by a single entity operating on Bitfinex through fraud.  It would be great if none of you sell anything so there's tons of shoeshine boys ready to dump on him in case he tries his pump and dump scam again.

There are also other factors like how many miners will go bankrupt in the current market rout.  Bitmain seems to be having a lot of trouble and looks pretty shaky.  If they went bankrupt, the bottom would probably drop out of the pseudo, temporary price floor for instance.  I have no idea how much hashpower Bitmain INC personally controls (25%? 30%? 50%? more?), but I imagine most of it would turn off simultaneously if they went bankrupt.  Depending which miners go bankrupt in the current rout (and many will), TERA's prediction of a $1000 bottom or lower, or whatever it was, might actually come true.

I'm not lying.  How many articles of "90% of the general public can no longer afford to write a $500 check" do we need to see to know it's impossible for the general public to pump this garbage?  Sure, the Winklevoss or someone can send all their illiquid asset tokens to Bitfinex then use it as collateral to margin leverage the price higher, but then you're back to square one of who is the greater fool they can dump on? 

The only real possibilities for a price pump seem to involve either fraud from people running Bitfinex, a random bitcoin whale using his coins as margin collateral for temporary financial trickery before it collapses again, or something like the govt itself pumping shitcoins to try and use it as a bait and switch for a cashless society slave system.

I don't want people to take my post the wrong way that I somehow believe bitcoin is a good buy now.  The general public is neither capable or interested in buying $4000-$20,000 imaginary, valueless shitcoins.  Like I said the other day with the current oil chart, oil taking a flying nosedive off a cliff indicates extreme liquidity crunch/deflationary collapse, so no speculative assets like bitcoin should stand a chance in hell against that.  The only way bitcoin is getting pumped now is either through more Bitfinex fraud (which is always a possibility), or govt unleashing a bunch of money with QE4 or something.

You're right, NOBODY could have possibly seen this coming.  Dec 23, 2017:


Bonus round:

Really? Melting bitcoin clocks?  I don't have knockoff art featuring melting bars of silver clocks.  Isn't that kind of a sign you've jumped the shark into a delusional cult instead of investment?

My only reason for living is to see Elwar's response after opening bitcoinity and saying "Oh nice, back to 6k again.  Wait, that's $600, not 6k!!! WTF!"

I wish you guys would stop posting about your bad financial decisions in the white nationalist observer thread.

Yea, it's the (((Google))) anti-goyim filter.

More relevant:  https://www.youtube.com/watch?v=aihXiSD6O8A

Micgoossens, we're going to have to have a talk about your instagram bimbo habits of taking pictures of your food, strategically placing your arm in every picture to try and get people to look at your random prison tattoos, amongst other issues.  This is very poor nazi behavior.

Apparently Roger missed my explanation years ago that in event of rough consensus attack, the only logical game theory move is either sell both forks or keep both forks.  If you're the one causing the rough consensus attack, it doesn't really change anything.

Don't worry, goyim.  I promise bitcoin is some type of currency and not a surveillance system.

Look upon thy wretched blockchain and despair young goyim, for I am r0ach, king of physical silver kings.

Overrated post because he doesn't understand how bitcoin functions.  Bitcoin is like the "cloud computing" scam.  You see ads all the time hyping this bullshit term "the cloud".  Hello goyim, upload all of your information to the magical cloud!  In reality, there is no "cloud".  The "cloud" just means uploading your shit to a computer you don't own or control.  

Bitcoin is literally cloud banking.  There is no possible way to take possession of your shitcoins whether you have the private key or not.  The coins rest permanently in a virtual cloud with built-in middlemen and counterparty risk.  You have to bribe centralized miners with ransom fees and ask them permission if you ever want to attempt to do anything with one of the coins.  There is no way to remove the counterparties from your life.  It's a permissioned ledger with non-fungible tokens where you can be blacklisted at any time.

Why would anyone use "cloud banking" when you can be your own bank with physical silver or gold instead?  You are definitely NOT being your own bank with shitcoins. You're enlisting to have your life controlled by a bunch of 3rd parties you have no say over.

Even other Jews don't like Ben Shapiro he's so repulsive.  Jews, the people that created NAMBLA, yet even Ben Shapiro is too repulsive for them:

Prime example of govt employee incompetence.  He works for the govt then forgets he works for the govt and posts this...while spending his usual time off complaining about the govt and promoting libertarianism...while working for the govt.