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461
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Economy / Speculation / Re: PnF TA
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on: September 03, 2015, 09:06:03 AM
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So Litecoin is going well :-P
lol much shorting, it will be interesting to see where will this pop, up or down? Either way it will be brutal  Leveraging on LTC's low should bring you much more than doing it with BTC. Time has proven that [most of the times] it's the first to go up and the first to go down; that's why I asked klee to include it into his PnF charts. It's a good indicator (again, MOST of the times, not ALWAYS). |
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462
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 02, 2015, 07:14:08 PM
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A. zerohedge.
B. Communist China is not just like Greece. Go figure.
C. A zerohedge article? Wrong?! If you can't trust zerohedge, who can you trust?
@spud21 even if the Chinese could buy BTC directly from miners (miners who could themselves sell that BTC on exchanges for USD or Euro), what would that change?
A. Zerohedge has an agenda. It's no secret; but judging a book by the cover will probably not allow you to obtain some knowledge. I read his articles - not always accept them. In this case though, he has solid points and that's the reason I've crossposted it from klee's comment on another thread. B. I don't want to comment. I vowed not to talk about politics in public ever since I voted for the previous government of ours with 62% NO to new austerity measures and our PM acted as the sockpuppet of the EU politics. Communism? No, just economic totalitarianism. Yeah, it's different as a concept, not as an outcome to the people though. FWIW, we're en route for new elections. We have no government anymore in Greece and I think we will never have under these circumstances. |
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463
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 02, 2015, 06:54:58 PM
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Capital controls are meant to work for exporting money outside of the county. Since the Chinese will deposit money directly to a Chinese company's account, that's being taxed for every transaction, it's perfectly legal.
Please be specific. Which "Chinese company's account"? Exactly how will that be done, considering https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country#China ? A. I'd indulge you to read the article here. B. Busted. I don't live in China. I live in Greece and judge from my own country what the capital controls look like. C. Are you suggesting that the article is wrong or you're just in denial with the concept? I don't follow. Please enlighten me. Edit: Which is why we would not be surprised to see another push higher in the value of bitcoin: it was earlier this summer when the digital currency, which can bypass capital controls and national borders with the click of a button, surged on Grexit concerns and fears a Drachma return would crush the savings of an entire nation. Since then, BTC has dropped (in no small part as a result of the previously documented "forking" with Bitcoin XT), however if a few hundred million Chinese decide that the time has come to use bitcoin as the capital controls bypassing currency of choice, and decide to invest even a tiny fraction of the $22 trillion in Chinese deposits...
... in bitcoin (whose total market cap at last check was just over $3 billion), sit back and watch as we witness the second coming of the bitcoin bubble, one which could make the previous all time highs in the digital currency, seems like a low print. We're talking CHINA here. 1.2Bn people! Even a tiny portion of BTC for them makes a difference. |
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464
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 02, 2015, 06:20:18 PM
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China Scrambles To Enforce Capital Controls (Which Is Great News For Bitcoin)
Care to explain how capital controls are good for Bitcoin? Plenty of Bitcoin exchanges in China. Buy your coins. Send abroad. Sell elsewhere and store them in your offshore accounts. Millions of Chinese folks have overseas arrangements and there's not much or anything they can do to stop bitcoin transfers. Maybe that'll change if it happens in large numbers. See edit. This is China we're talking about, do you suppose government officials failed to consider that people might spirit away their money by "investing" it in foreign currencies, stockes, or even Bitcoin?
Capital controls are meant to work for exporting money outside of the county. Since the Chinese will deposit money directly to a Chinese company's account, that's being taxed for every transaction, it's perfectly legal. Besides, when you hold Bitcoins right now, why should you transfer it abroad? It's where you live at anytime; I could understand diversification reasons, but would not advise BTC as a "means of fleeing capital abroad". |
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465
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 02, 2015, 05:43:08 PM
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Cross-posting for the sake of importance. China Scrambles To Enforce Capital Controls (Which Is Great News For Bitcoin)This is why as the WSJ reports overnight, "China is imposing fresh controls to prevent too much money from leaving the country, in an effort to keep badly needed funds at home to battle a deepening slowdown in the world’s No. 2 economy."
Specifically, the PBOC said Tuesday that it would make it "more expensive for investors to pressure the yuan to weaken against the U.S. dollar by adding conditions to futures contracts."
Some of the country’s largest lenders, including Bank of China Ltd. and China Citic Bank Corp., are beefing up their internal checks on large amounts of foreign-exchange conversions by their corporate clients, according to Chinese banking executives. Meanwhile, financial regulators, together with the country’s security forces, are stepping up efforts to rein in illegal money-transfer agents who make a living by helping people move money out of China.
The reason, as explained above, is that "China—long a catch basin for the world’s money—is starting to see that money trickle out. A weaker currency generally prompts investors to look elsewhere to put their cash and would complicate the government’s efforts to generate spending and bolster economic growth." |
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466
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Economy / Speculation / Re: PnF TA
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on: September 02, 2015, 08:01:40 AM
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Me neither; I've even have it's graph as my avatar! The question still remains though... can you predict its outcome? To put it on another perspective, imagine you and I are just moments before the Big Bang. We're discussing of a possible universe that will occur from the separation of two tiny particles, one from ordinary matter and one from antimatter, for longer than they should be apart. We both agree that this could be possible. Questions: -Could you present a system that predicts that our universe exists or not a-priori? -Could you present a system that maps that our universe has evolved in a specific manner now that it already exists? -Could you form a theory that (based on data) presents a model that is actually predictable for another such occurrence? |
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467
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Economy / Economics / Re: Martin Armstrong Discussion
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on: September 02, 2015, 06:48:33 AM
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Armstrong hits again today with an explanation of "The End of Government" prediction of his by October 1st. I won't lie, I'm eager to see how this evolves...  Those calling for the end of the world and a 1929 type depression are only looking at the charts. They are clueless as to how everything else is setting up. Nothing is in line for such an event. Keep in mind that event created big government and socialism. This time government is in crash mode, not the private sector. Politicians will do the jumping this time. If the stock market crashed, capital would then run into bonds. Just how low do you think interest rates would go — negative 20%? Come on. This is a 5000-year low in interest rates so we will have to flip out to the upside. There is no choice in this regard. |
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468
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Economy / Speculation / Re: PnF TA
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on: September 02, 2015, 06:14:11 AM
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Macsga, can you think of a possible implementation of P&F in a field other then markets? A guy I know implemented this (that's how I heard of P&F in the first place) in roulette and made millions. If yes, PM me!  For reasons broadly discussed here I don't believe that ANY TA is able to "predict" with certainty a chaotic system evolution beyond a very small time frame. P&F caught my eye because it has a nice "normalization" factor and a unique prediction method that "felt good". Beyond that, you should be aware that your prediction is subject to a "Whale's sudden move" that would ruin it in a split of a microsecond. So; how does the economic prediction system works you might ask. Well there's a great theory behind this that is being discussed online with TPTB_need_war at the end of the thread I posted on the link above. It has to do with the disability of the nature to eliminate entropy. This is the Achilles Heel of Chaos, therefore, the static parameter which IF you manage to map it correctly, it may be feasible to make "certain" predictions with a high probability rate for literally any time frame. Certain ideas have been developed by a friend of mine about the aforementioned subject and there are some nice facts on "how random, random really is". Interesting read. FWIW, I think Martin Armstrong might be using a similar system for his "Socrates" software, but I couldn't know for sure.  |
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469
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 02, 2015, 05:54:03 AM
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If someone had told me two years ago that Blythe Masters would be pitching the blockchain on the cover of Bloomberg Markets, and the price would be below 250 USD, I would have recommended an antipsychotic.
Blythe represents the mother of the Devil herself. She knows what's at stake better than anyone (she even engineered a portion of the economic disaster of 2008 with the CDS). The current scheme of bloated fiat money is in for a wild ride the upcoming month(s). We will probably witness the end of the global economic infrastructure as we know it. Chances are certain individuals have organized the monetary situation to reach a dead end in order for the new system to rush in boldly. Interesting times. |
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470
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Economy / Economics / Re: Economic Totalitarianism
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on: September 02, 2015, 05:47:15 AM
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Suda123 is a troll Putangina mu bobo Translate: motherfucker stupid Yeah, they're after whatever seems serious and interesting on the forum. I've added him to " The List" today. Thanks for the info. |
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471
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Other / Meta / Re: "THE LIST"
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on: September 02, 2015, 05:45:25 AM
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Thanks LaudaM, I've added the stats to the OP yesterday. More are being added as we speak to The List. Please update. Latest additions to The List as of 2015-09-02:Suda123
Armanddumal
kryptokattery
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472
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 02, 2015, 05:01:54 AM
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Someone many pages back linked the Gavin interview, https://youtu.be/B8l11q9hsJMPay special attention at roughly 1:14:40 , the first and maybe only interesting question, let me paraphrase: Brian: "so, if this fork succeeds, how will decisions be made in the future?" Gavin: "Mike Hearn will be the benevolent dictator, he will be the ultimate decision maker." ... He goes on to explain how he does not want to be in complete control, nor do any of the devs that currently have commit ability, but he is completely happy and ok with Mike as the sole controller and decider. He even goes in to mention that future changes will be much easier and will happen much more quickly once this change is made. I know XT is already dead, but I just wanted to point out to anyone that was still unconvinced that Gavin has been compromised... He is either completely brain dead, or he is deliberately trying to end bitcoin's function as a permissionless, censorship-proof means of storing and transmitting value. This is silly. What makes you think that people couldn't just as easily fork away from Hearn's XT? The Core/XT devs are not the Federal Reserve Board, they serve at the behest of the miners and the community. Forking or threatening to fork is the only relief valve on their power. BTW I agree that 75% of the network moving to BIP101 seems very unlikely now, but my above point remains. " The path of lost freedom is a gradual, slippery slope; whilst the recovery of such is a brutal hill to climb." What people should understand is that Bitcoin is evolving to something more than a "virtual currency for geeks". This change will eventually conquer the whole project and transform it to something either bigger or a lot smaller (in case of failure). When Blythe Masters and Barclay's jump on board, you can kiss your "anonymity" goodbye. Don't get this wrong, this is not necessarily a bad thing; there are other ways to keep your transactions anonymous and atleast one that's being developed as we speak. All in all, you better get used to leaving a portion of your alleged "anonymous" convenience (which never was real in the first place; hint: Silkroad) for a key feature to move the world forward (or backwards - this remains to be seen). |
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473
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Economy / Speculation / Re: PnF TA
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on: September 01, 2015, 07:16:35 PM
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I've been following Marios for quite sometime now. He's extremely intelligent and his ideas and achievements proportionally point to a future far more "different" than the one we're now expect. Maybe the economic meltdown and "the end of government" practically initiates -or even include- the differentiation of the current human population within certain boundaries that will eventually allow the K-Strategists to do their job. An interesting read was another article of his called The Law of Requisite Usefulness had me baffled when I stumbled upon it last year and -eventhough- I don't fully agree in its whole extent, it really gives an excellent example of what we will become... |
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474
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Economy / Economics / Re: Martin Armstrong Discussion
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on: September 01, 2015, 06:33:54 PM
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So the the whole 2015.75 (sept/oct) predictions of another financial collapse are now slated for 2018?
It just seems like these predictions constantly get thrown around, and every time nothign comes of them, they are ust pushed out a year or two
You want sound bites instead of actually studying in detail that is why you misunderstand. We have explained many times that the model is the contagion outside the USA starts to accelerate as of Oct 1. This will cause stampede of capital into the USA, with rising dollar and interest rates in the USA, while the rest of the world falls off the cliff. By 2017.9, this will force the USA over the cliff. By 2018, we'll in the global contagion hell (USA was the final straw holding up the global economy) yet by 2020 Asia will bottom. Yet the West will continue to collapse. As some point a political axis power-sharing global monetary reset into a NWO one-world reserve currency (by 2032 at the latest), and then we'll see some tenuous global stability, but that political morass will be a parasite that must die. And the West will continue to decline in relative networth for decades. The strong dollar and rising interest rates (as well the prior dollar QE caused via ZIRP carry trade the $9 trillion dollar-short debt in the developing world) while rest of the world collapses will be one of the political justifications for the one-world reserve currency. Also it will be Asia's rising relative networth after 2020. A radical change to the world begins in earnest this Oct. 1. It is a decades long turbulence. This is a 309.6 year confluence of cycles event (Civilization change cycle, Public/Private cycle, War Cycle, Pandemic Cycle, etc). Very rare. Happened only a few times in recorded history of the world. In the quoted post above, TPTB_need_war explains what will happen within the next 5y period according to Martin Armstrong. If you check out his posts he's constantly trying to spell out gently for those who don't understand economics what's being predicted on almost every single post Armstrong's posting on his blog. |
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475
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Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN] cudaMiner & ccMiner CUDA based mining applications [Windows/Linux/MacOSX]
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on: September 01, 2015, 05:27:32 PM
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Running Windows10 poses a great security threat for every user. If you check the telemetry data that's being sent to M$, you will understand why they don't have to ask money for it in order for you to get the OS. For what it's worth, I wouldn't be surprised at all if at some point it was revealed that there was a hidden miner service inside in order to mine for bitcoin in every PC... Yes, I think you are on to the truth. If all games worked under Linux without so many problems I'd say goodbye to Windows for good. On your thoughts about M$ mining on your hardware without you knowing, I visit a faucet for litecoin and bitcoin, and at some times when certain ads were on the site, my hashrates would plummet, I contacted the owner of the site and after those ads went away now my hashrate doesn't go down anymore, so I think the hashing behind your back thing is happening, if M$ is doing that they should be sued. Those ads are probably using some script to draw juice from your GPU/CPU power. I don't *REALLY* think that M$ is behind such a task (that would've been ultra bullish for whatever they were mining) As for games under Linux, I'd propose Crossover (Wineskin equiv. for Mac). Under most circumstances it's perfectly working out with games I've tried and it's quite easy to port them there. I used to have it on an Ubuntu distro back in 2013, but mostly using wineskin now for porting apps from Windows to my Mac. Works every time, give it a go. Link: https://www.codeweavers.com/products/crossover-linux/ |
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477
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Economy / Economics / Re: Economic Totalitarianism
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on: September 01, 2015, 11:09:22 AM
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Reading two separate posts on two totally different sites today made me to post this here: Post 1: Putin says dump dollar Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries.
This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union.
“This would help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets”, said a statement from Kremlin.
The bill would also help to facilitate trade in the region and help to achieve macro-economic stability.Source: http://www.rt.com/business/313967-putin-says-dump-dollar/Post 2: Russian Military Forces Arrive In Syria, Set Forward Operating Base Near Damascus
According to Ynet, Russian fighter pilots are expected to begin arriving in Syria in the coming days, and will fly their Russian air force fighter jets and attack helicopters against ISIS and rebel-aligned targets within the failing state.
And just like the US and Turkish air forces are supposedly in the region to "eradicate the ISIS threat", there can't be any possible complaints that Russia has also decided to take its fight to the jihadists - even if it is doing so from the territory of what the real goal of US and Turkish intervention is - Syria. After all, it is a free for all against ISIS, right?Source: http://www.zerohedge.com/news/2015-08-31/russian-military-forces-arrive-syria-set-forward-operating-base-near-damascusWell; amid the Latest Abysmal Chinese Economic Data, Putin has decided to step ahead and get something done in Syria. In essence, I think he's making a favor to the EU by establishing an active force there. This will probably stop the myriads of immigrants towards its territory. The alleged story behind the scenes is that "since everybody fights against ISIS then they might need a hand". Yeah, right... I personally think that this is a hit under the belt for whoever funds ISIS et al. Plus, Turkey has a lot to worry since the Kurds have now a backup against the "mistaken" bombings on their stands in Syria. This seems like the endgame of this travesty. |
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479
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Economy / Economics / Re: Economic Devastation
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on: September 01, 2015, 07:02:33 AM
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I concur with all points; to add to this one you've just posted, it's a bit harsh to observe that the well educated, mentally evolved and intellectual population won't give birth to children. Instead we observe that humans from the third countries that have eliminated human rights to women, are using them as birth machines, literally filling the place with their children. Let me clarify here that I'm not xenophobic and don't really care if I the child that's being born is German or Pakistani for that matter. I do have problems with the disability of the poor parents to give their children the necessary education, instead of just adding more members and thus making the family poorer. Certain religions (not pointing fingers here) are specifically targeted towards spreading more off-springs rather than making quality ones. Pluralism vs quality = 1-0. Last but not least, if you're baffled with the situation in EU (and elsewhere) that is now filled with Syrians, Palestinians etc, who were forced out of their homeland, think about it this way: Which is harder to control? An educated person that speaks 4 languages and have a university degree (or more) OR 100 immigrants that will practically do anything in order for their children to survive within a foreign country? |
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480
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Economy / Economics / Re: Martin Armstrong Discussion
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on: September 01, 2015, 05:59:50 AM
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Over the weekend, The Financial Times reported that Beijing would abandon its large-scale share purchases. This story sparked declines in China’s A-listed shares, although the Shanghai Composite pared losses to close 0.8 percent down. Then there is Jackson Hole and how amazingly stupid people are who do not understand what the Fed has been saying that they must get back to “normalization” of interest rates. These people, who pretend to be pundits in the know, continue to talk about unemployment, jobs, and inflation as if the Fed was still guided by Keynesian economics. The Fed is trapped and has lost all ability to return to Keynesian economics unless it raises interest rates to “normal” levels. We have a massive debt crisis coming from the state, municipalities, and pension funds. They all needed “normal” interest rates to survive. I know I'm a bit obsessed with China's economic behavior, but IMHO, it is essential to understand that when the biggest commodities consumer country in the world coughs, the rest will suffer with pneumonia. The above was posted yesterday to the M.A. blog stating, more or less, the change of policy on "holding" the Phaethon's chariot before burning the world in its crazy route of leading the Sun. It seems FED's interest rates raise is inevitable with all the consequences. Tell me naive but the way I see it, such a initiative inaugurates the beginning of the end for the total economic collapse. It's interesting to see if TPTB inability to predict the storm's that's coming... OR, it's their own plan. Time is nigh anyway. Have a nice month everybody. http://www.armstrongeconomics.com/archives/36681 |
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