The price should follow the academic prediction of Jorge. He's the only one here adequate enough to predict with confidence what the price tag will be within the next couple of minutes, hours, years... you name it. This is fundamental *science*.

The only problem is that Bitcoin never followed any science...

Edit:
Even Tarmi gets it!

Eh? Where did that come from? He's not dead! He was here in Greece a week ago. Do you mean ANOTHER M. A. Armstrong? On other news his latest post has to do with something that BBC mentioned about a week ago. It has to do with the seizure of private buildings in order to give them to the migrants.

[...]
So has Europe imported a civil war? Clearly, the Western powers do not understand their history and the attempt to topple the Syrian government will lead to total chaos. This is by no means in the best interests of national security for Europe or the United States. This is a braindead war game with very serious consequences for it is not over territory, it involves religion with no borders..


http://www.armstrongeconomics.com/archives/37722

It may be, but the price at this time is more dependent on the fact that many people (like me) think that this is a nice point to accumulate more. I don't think that XMR will see this kind of value in the future. We may have seen the "next" bottom after 0.00009. I don't know about you, but I bought some with my play money and seriously thinking averaging down with more...

Greece, Moldavia, Italy, Spain... who's next to tolerate the bankster's & politicians constant theft? These guys are completely relentless. They still think that they can steal all they want and nobody says a thing... 'cause capitalism. We're in the midst of the 2nd recapitalization of our banks in Greece. The funds required are estimated up to 25bn euros. Several big EU banks have "offered" the money towards gaining the control of the Greek biggest banks.

I remind you that the separation of "bad-banks" has already been done and it's more than obvious that when the sharks get their teeth on them, whoever owes even one euro to the "bad bank" they will lose their home/shop/company. This is expected in November. If this comes along, expect hell break loose. Most possibly the next thing to happen will be a nice "haircut" of credit holders.

Greece has got a glimpse of what's coming last summer with capital controls. The banks would not let you open even the deposit boxes of yours! In the meantime 1000 BTC ATMs have been already en route to Greece. Interesting times...

Maybe (if Gold and BTC are related) this will give us a hint:

If you just run a correlation of inflation to gold you will see that gold does not respond simply to changes in money supply. You can say I am wrong all you like. But the numbers are the numbers. Gold has not yet exceeded the 1980 high adjusted for inflation. Cars I bought back then are more than 300% today. Gold would have to be about $2700 to match that today compared to a German car. The Dow was 1000 in 1980 but it reached the 18500 area and gold would have had to rally to  $16,000 to match that. So explain that one. Why fight the trend? It makes no sense. Is this about making a good trade, or trying to prove some theory is correct?



http://www.armstrongeconomics.com/archives/37672

Concerning the above post, I have to say once more that M.A. still tries to figure out what the significant parameter is, concerning his ECM closing cycle prediction. As with most events, our recent view of the globalized economy only gives a glimpse of the things to come. To put it another way, we lack of a vantage point to observe what's truly at stake here.

This is common for every human being living on this planet. We only get to understand what happened by reviewing the situation after the fact. Because we lack of information. That's why I give props to Martin Armstrong for posting a bold prediction about a specific date. He risked being humiliated by the non-believers and contrarians. And this comes from a person who is not yet convinced from his prediction algorithm. This was a bold move. And I will wait and see how this evolves.

A piece of advice: Don't try to prove him false just yet...

After Carra's offer, I'm happy to participate:

User: macsga
Post Count: 3423
Position: Legendary
Address: 14AZeFeVTwaZvrTcRGabcrjRnowoAG4vCQ

Thanks.

The unleashing of Russian firepower in Syria in support of the Syrian government came precisely on the day of the Economic Confidence Model. What I have come to learn from my observations of this model with world events, has been that whatever is the major focus, appears to line itself up with this model...

...This is turning into a direct confrontation between the three leading powers in the Middle East. For what purpose? All because Obama and crew did not like Putin? But failing to curtail the bankers who were trying to take over Russia to get their hands on all the commodities back in 1999, they created Putin. Whether the government was behind the banking objectives or came in after the fact to protect the bankers amounts to the same thing. This is one reason they have been trying to block the FORECASTER being shown in the United States whereas it has been making headlines and nightly news shows in Europe, who has suffered the economic blows of these sanctions.

The other side of 2015.75 is much more serious than many suspect. This is a concentration of confidence in government which marks the peak and from here on out, this will not be a video game – this is real.




From what I can understand (all FUD left behind), is that Martin Armstrong has indeed developed a working model that can (with high probability rate) predict what will happen based on historical data, BUT, he has no other choice but to make assumptions as to what these predictions will truly be. Thus, we see comments like the one quoted above or sentences like "End of Government" which (by now) has been interpreted in many different ways.

I wouldn't call him a fraud. This thing might actually WORK! I'm not sure though that the predictions that he claims are the correct ones. There's only one way to see. We must wait.


Read more http://www.armstrongeconomics.com/archives/37594

ORO: Excellent pointing, I'd say "spot on". This is what I had in mind too; how on earth could we end the government slavery if not with bitcoin technology? I believe this is it. Today I've got an email from coinbase. They allow buying bitcoin with credit/debit cards on the fly!

https://www.coinbase.com/

If this is what Armstrong expected, I'd say it was wise that he didn't mention bitcoin in his predictions.

^^

I reviewed the movie again, I found no video that demonstrates this particular model back then. It has a graphic representation of this on 17'10" on black and white but just that. The same slide is all over the movie but newer. I may have to look closer, but I think what you're looking for isn't there. It has a clip from 1994 (not 1998) of him talking about it, but not the slide itself.

You must be talking about this...

Exactly. We're talking about a 309y cycle here that closes right about now. In any case according to this today's the date. I guess he tried to explain that the consequences might be sometime before being observed. Let's see.

Buy High, sell low... works every -single- time guys! (BTW: When did Klee say to go long on +238)?

If we break 260 it will go ballistic. Major resistance is basically where we're hovering right now.

Update: I've tried yesterday with the old binaries and worked fine. You just have to stick with the old ones and not update to the new one/new database. FWIW, the developer seeks for someone to hand the project over. It's a nice GUI, maybe it's better to integrate this one than building one from scratch.

Smooth?

Yep! Frappe it is! Strong one, had about only 3hrs sleep and have a lot of lab work today...

Update:

I have been warning that this turning point is not in markets, it is centered in government. The number of issues coming to a head are just mind-blowing from the Catalonia vote to separate from Spain to the resignation of Boehner with non-politicians leading not just in the USA, but everywhere. The elections in Greece was most likely the last vote for any political establishment since the Greeks do not expect any promise to be kept.

Yet today just may mark a very strange event that might be extremely important. Today, Russia gave the US 1 hour notice and began bombing both ISIS and rebels seeking to overthrow the Syrian government. It is extremely curious that this beginning precisely on the day of the ECM. Will this prove to be the start of international war?

http://www.armstrongeconomics.com/archives/date/2015/09

PS: Frappe works!

Yes indeed. Thanks for the clarification. I need some more caffeine, still early morning in Greece.

TPTB_need_war has thoroughly explained what will happen with the BTC if M. Armstrong is correct. BTC should be considered as commodity and most probably will follow the way that gold & silver will go. As for October 1st (have a nice month BTW) it's wise to not judge right away. I'm among the skeptics here, but the guy predicted "the end of government" & peak of sovereign debt not some apocalyptic event.

Every prediction tends to have more than one meaning, that's why I called him "Mantis Calchas" (an oracle from ancient Greece) when I posed some questions to him (btw: never replied either to my questions for his official Q&A, nor to my emails).

Funds received, left some positive feedback for you Carra23. As always; it's been a pleasure.

It's somewhat expected for quite sometime now, following the chain: No sales ->No need for production -> No need for commodities. Australia is one of the largest exporters of metals worldwide; after the VW/Audi/BMW/(who's left?) scandal the investors righteously concluded that the sales of those cars will go south. So no need for commodities, so the respective companies' stocks go down the drain.