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Economy / Speculation / crash in the next few days!
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on: December 24, 2013, 01:48:33 PM
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Hey guys this final 5th wave is going below 450 probably around 375, So sell now buy them later! And no I'm not bearish... It just hasn't hit the bottom yet! But this last wave down will be bad and will be all over the news, probably happening tomorrow on Christmas so it will be all over the news when people are at home watching the parades and watching TV.
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Economy / Economics / Can you guess what this bubble is from and why they have it..
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on: December 13, 2013, 02:45:03 AM
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 so this is the germany paper mark / german gold mark money after WW1 looks alot like the dollar / bitcoin..... so if there is a bubble its the dollar not bitcoin! read here,,, http://www.usagold.com/germannightmare.htmlor read a little below The mechanism of inflation was simple. The government issued paper promises to pay, and the Reichsbank issued money on the security of these promises. When a government spends more than its income, it must borrow. If it merely borrows money from its citizens by selling them bonds, there need be no inflation. Instead of that money being spent or invested by the citizen, it is borrowed and spent by the government, but the total amount of money is not increased. When the government needs more money than its people are able or willing to lend it, it monetizes the debt. That is what happens in this country when the government runs a big deficit. The Federal Reserve (our central bank) "buys" as many bonds as necessary to stabilize the market. It prints money on the security of these bonds. Despite the facade of the government supposedly "borrowing," the net result is the creation of printing press money. (Actually these days the money is created in the form of new bank deposits--checkbook money--but the net result is exactly the same as if bills were printed.) This is what happened in Germany. The government issued notes which were promptly discounted by the Reichsbank, i.e., the bank issued money on the "security" of these worthless notes. To compound the evil, the bank failed to raise its interest rate sufficiently. Businessmen found it very profitable to borrow money from the bank and buy up goods, shares and companies. Their debt was wiped out within weeks by the rapid inflation, and the businessman remained holding the valuable assets he had bought. The net result was a huge "private inflation" caused by the rapid expansion of credit. Even foreign exchange was bought with borrowed money, so that the Reichsbank actually financed speculation against its own currency. Yet the bank refused to raise interest rates, arguing that this would only add to the cost of business and thus would increase inflation! The tax system virtually broke down. Businessmen found that by merely delaying tax payments, the depreciation in the mark would virtually eliminate their true value. But the government, lacking adequate income, felt forced to resort more and more to creating money. By October 1923, 1% of government income came from taxes and 99% from the creation of new money. |
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Economy / Speculation / i just thought of something!
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on: December 10, 2013, 03:12:06 PM
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So everyone knows they pass the law about no bailouts for banks right. Well who owns most of the property out there. Banks do. What better way to buy up all these banks and there property for nothing. Have them fail do to the fact they arent making anymoney on fees. Most banks no longer hold there loans or mortgages they sell them. So where are they going to make there money when the FED is demanding payments on the money loaned to them. Or to even keep the lights on. They probably won't be able to pay. So it will be a F#ckin fire sale of the banks. But wait what banks own the FED,,, O yeah they will have unlimited loan power to buy up ever mom and pop bank out there. I think that happen in the early 1900s too. Don't quote me. Well it will be a circus that is for sure!
Any comments or disagreements or things to add that I might be wrong on. Feel free to add plz.
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Economy / Speculation / how to short bitcoin, from Forex Minute
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on: December 09, 2013, 11:38:40 AM
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This is the only way to do it I guess, I love the fact you cant naked short!!!!!!!!!!!!!!!!!
Since its inception, bitcoin has been counted among the highly valued currencies in online exchange. Its value has climbed by 230% (denominated in dollars) and turning out to be far more profitable trading option than stocks and commodities. However, there are people who believe that the value of their bitcoins may go down, so they decide/wonder to short them frequently. The question is how?
ForexMinute provides you with a series of answers to this question. One of the ways to short bitcoins is to use a currency pair; for instance, there are many bitcoin exchanges which have their contracts based on the BTC/USD, Gold/BTC and Crude (WTI)/BTC.
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Economy / Speculation / Train is leaving the Station!
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on: December 08, 2013, 09:36:50 AM
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Well everyone in the states is sleeping and unless you get up at 3am like most 1%ers do. You are missing the train... China is buying back in and dragging the rest of the markets with it! People are going to wake up saying f#ck i should have bought at 600 before i went to bed.
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Economy / Speculation / its in its 5th wave of the down trend
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on: December 07, 2013, 05:30:41 PM
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I think it will stop around 450 area. The final 5 wave will either stop at the previous low of 576 or will continue lower to around the low of nov 20th crash at 450 area. After that to DA moon!!!!!!!!
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Economy / Speculation / The worst part!!!
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on: December 07, 2013, 04:48:48 PM
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The worst part is that I'm going to have to listen to everybody and there brother try to tell me "See I told you that shit was going to crash! You better sell that shit before it goes to -1 and you have to pay bitcoin." Then after ignoring them all for a few weeks, And the price even gets close to 1200 again, they will all be saying " Dude you better sell that shit quick remember the last time it was at 1200 it crashed like i predicted. I'm telling you its going to crash again" then after it goes past 1200 on to 5k. They will be saying the same old shit over and over..... Annoying!
Anyone else have any thoughts on the matter?
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Economy / Speculation / Stuck to computer on friday night
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on: December 07, 2013, 03:46:04 AM
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I wonder how many guys are out there glued to computer watching bitcoin price. Right after they just convinced (took a month) their wife it was the best idea ever. She finally says yes. And you just read that BOA 1300 comment so you are like hell yeah I need to be buying it at 1200... Here comes the new fortune I'm retiring tomorrow! Except as soon as you hit enter the price starts to fall. You tell yourself nah it always does this, ups and downs, that's what all the gurus and early investors and miners say on bitcointalk.org 1100 its only 9% i can deal with that. 1000 - 900- -800 - 6## Your wife keeps asking how much money have we made so far,,,, you say aww were down a little but it will come back. Then she says HOW MUCH? 40% WTF i knew it. Sell that fucking thing before it hits zero. So you sell. 10 min later its back over 800. You sit in Awwwww WFT just happen to my 4 years of savings.
hahahahahahaahhahaha
Don't be a chump.... Buy high sell low is not how you trade... But most ppl buy things new (high) and sell old things (low) like cars! Instead of buying a car and keeping it forever! Or a house for that much. Warren Buffet=never moved.
Bitcoin, buy never sell, only spend
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