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Eveofwar
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February 27, 2012, 10:26:07 PM |
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Got a little freebie for anyone reading  For any of you guys that trade the actual market or have your 401Ks invested in stocks. I would strongly suggest liquidating everything and going into bonds or cash. Shit is about to get crazy in the next couple of months I know many of you are not fluent in fractal analysis in the marketplace, but even without the technical background, this chart should scare the crap out of any of you who is long the S&P 500. Top chart is the last year and a half before the market topped in 2007 and the bottom chart is what the market has done in the last three years. History has a tendency of repeating itself. Enjoy: http://imageshack.us/f/812/theartoffractals.png/ Just finished reading. Shitty too, right after I just diversified :| |
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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waveaddict (OP)
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February 27, 2012, 10:35:57 PM |
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Besides the good ole' greenback, bitcoin is the only other asset that I'm bullish on in the foreseeable future...sad really For those that actually understand the dynamics of the massive debt situation that is present in the world today, the inevitable conclusion is that there is no bright future ahead; there can't be since there is no way that the world can grow itself out of the present debt burden, and its only going to get worse. scary times ahead  Got a little freebie for anyone reading For any of you guys that trade the actual market or have your 401Ks invested in stocks. I would strongly suggest liquidating everything and going into bonds or cash. Shit is about to get crazy in the next couple of months I know many of you are not fluent in fractal analysis in the marketplace, but even without the technical background, this chart should scare the crap out of any of you who is long the S&P 500. Top chart is the last year and a half before the market topped in 2007 and the bottom chart is what the market has done in the last three years. History has a tendency of repeating itself. Enjoy: http://imageshack.us/f/812/theartoffractals.png/ Just finished reading. Shitty too, right after I just diversified :| |
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dopamine
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February 27, 2012, 10:47:53 PM |
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Whoa your not even bullish on precious metals, physical that is...
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Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
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waveaddict (OP)
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February 27, 2012, 11:05:22 PM
Last edit: February 27, 2012, 11:27:27 PM by waveaddict |
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precious metals have been going up for the past decade 'with' the market. they crashed with the market in 2008 and have been rising ever since 'with' the market. You cannot just expect them to do something different this time around with a market crash. Think about it though...the higher your debt obligations become, the more dollars you will need to pay off that debt creating a higher demand for dollars thus raising the value of those dollars relative to everything else including commodities. Its part of a deflationary spiral that Japan for example has been suffering from for two and a half decades. Their yen is going up in value relative to their debt obligations...not down. Furthermore, you should be looking to buy an asset when others are fearful not when others are euphoric. Take gold, you see commercials every minute about how to put your money in gold because it'll be safe there. Bullshit...the only evidence they have is that gold has risen in value every year for the past decade going from 300 to 1900, and when it comes down to it, this rapid rise is the only reason why they are so bullish. Why on earth would you think about buying something that has risen that much in value of the years. Same thing happened in the 70s and then came an epic crash. Following a crowded trade always ends in tears and unfortunately that herding mentality, even if if is off a cliff, is what we are programmed to do. Think about buying gold when you see commercials about how to sell your gold for cash (which they'll then say is more useful than gold at this point). Learn to never follow the crowd and your investing will always take a turn for the better Whoa your not even bullish on precious metals, physical that is...
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waveaddict (OP)
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February 28, 2012, 12:59:53 AM |
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hey subscribers, just sent an email that complements the one from this afternoon |
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teflone
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February 28, 2012, 02:14:38 AM
Last edit: February 28, 2012, 03:00:11 AM by teflone |
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Hahaa, I went out for dinner, KNOWING it would it would get squirrely once I left.. Its still right there!, like on pause.. lucky me... now hopefully it does what it does while Im still awake This spring is slow... Oh wait...  |
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pirateat40
Avast Ye!
Sr. Member
 Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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February 28, 2012, 03:54:55 AM |
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Hahaa, I went out for dinner, KNOWING it would it would get squirrely once I left.. Its still right there!, like on pause.. lucky me... now hopefully it does what it does while Im still awake This spring is slow... Oh wait... Tomorrow is our play date. Right??? |
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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February 28, 2012, 03:57:53 AM |
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Hahaa, I went out for dinner, KNOWING it would it would get squirrely once I left.. Its still right there!, like on pause.. lucky me... now hopefully it does what it does while Im still awake This spring is slow... Oh wait... Tomorrow is our play date. Right??? Yep. Looking forward to it. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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teflone
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February 28, 2012, 04:07:12 AM |
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Very soon, others will be having their own playdate |
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pirateat40
Avast Ye!
Sr. Member
Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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February 28, 2012, 04:16:05 AM |
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Very soon, others will be having their own playdate I wish I had more friends to play with. |
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OgNasty
Donator
Legendary
Offline
Activity: 4718
Merit: 4223
Leading Crypto Sports Betting & Casino Platform
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February 28, 2012, 04:20:13 AM |
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Very soon, others will be having their own playdate I wish I had more friends to play with. Maybe you need your own newsletter? |
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ydenys
Member
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Activity: 96
Merit: 10
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February 28, 2012, 04:55:42 AM |
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@ waveaddict – sorry, but time will pass, cages rattled, debt written off and shifted to some plonkers who matter little; rich people get richer, poor poorer as always. Current celebrated, so called ‘information freedom’ matters little as it can be controlled easily enough (a few bold steps are in a framework/being implemented/dragged through legals right now). Almost all common media is biased and so are enforcement/legal structures. There is really no way public opinion can be changed drastically enough to fulfil your ‘scary’ predictions. And I think it is good, for all it worth, bite me, but most of the population should not have their ‘own opinion’ about such matters.
Bitcoin, however, is a new and just unpredictable enough phenomenon to be fun to invest in - since it is dependent on previously unexplored small, emotional and mostly naïve group of users and governed by ‘free’ market laws – so far. Would I invest more than 1/500th of my money in it? - certainly not. As I fear it would not remain free, naïve or small (I hope:) for too long.
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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
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February 28, 2012, 05:42:22 AM |
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Think about it though...the higher your debt obligations become, the more dollars you will need to pay off that debt creating a higher demand for dollars thus raising the value of those dollars relative to everything else including commodities. Its part of a deflationary spiral that Japan for example has been suffering from for two and a half decades. Their yen is going up in value relative to their debt obligations...not down.
But wouldn’t the deflationary pressure apply to Bitcoin, too? I always imagined that an asset as risky would be the first that is drained when you need more cash. So I don’t really understand (on a fundamental basis) why you are bullish Bitcoin, and I know you are rather new to it, so you are likely unbiased. How would it flourish despite a shit economy where everyone is more concerned about food and clothing than a speculative decentralized currency? |
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waveaddict (OP)
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February 28, 2012, 12:32:08 PM |
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the way I see it Blitzboom is that you cannot easily buy and sell goods and services with gold while you sort of can with bitcoin since it is a form of currency unlike gold for instance (well at least until the gold standard returns). Moreover, I see it more as a cash substitute so that if someone wants to buy a good or service with cash, but online, then instead of paying with credit, you pay with bitcoin that you quickly buy from an exchange and then sell (kind of like a quick intermediate). I don't see people holding a lot of bitcoin long term. Plus, I already checked and there is no link between the bitcoin price and the dollar or with any other asset price. It kind of trades all by itself. But honestly Blitzboom, I've learned long ago to not heavily cloud my trading with a bias like you mentioned. I just play both long and short whatever direction the charts point. I'm here to make money from speculating and not from heavily promoting it. It is quite neat though so I hope it succeeds  Think about it though...the higher your debt obligations become, the more dollars you will need to pay off that debt creating a higher demand for dollars thus raising the value of those dollars relative to everything else including commodities. Its part of a deflationary spiral that Japan for example has been suffering from for two and a half decades. Their yen is going up in value relative to their debt obligations...not down.
But wouldn’t the deflationary pressure apply to Bitcoin, too? I always imagined that an asset as risky would be the first that is drained when you need more cash. So I don’t really understand (on a fundamental basis) why you are bullish Bitcoin, and I know you are rather new to it, so you are likely unbiased. How would it flourish despite a shit economy where everyone is more concerned about food and clothing than a speculative decentralized currency? |
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waveaddict (OP)
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February 28, 2012, 01:35:09 PM |
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gold went up 500% in 10 years while inflation went up a fraction of that. Trust me, the rise in precious metals is not a natural and normal rise. Right now it is purely based on speculation and not on inflation expectations. People always chase the best performer which gold has been for a while now. It has become a crowded trade. |
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teflone
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February 28, 2012, 04:21:19 PM |
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Getting nervous...  |
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waveaddict (OP)
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February 28, 2012, 04:26:46 PM |
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Don't be...I'll send out an email in a sec Getting nervous... |
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beardman
Newbie
Offline
Activity: 45
Merit: 0
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February 28, 2012, 04:27:24 PM |
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Getting nervous... I'm just assuming its pirate playing around with us... or someone else who wanted to grab up some cheap bitcoins. Just glad to see some sort of movement, sort of. |
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teflone
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February 28, 2012, 04:40:25 PM |
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Don't be...I'll send out an email in a sec Getting nervous...  Ok, I trust ya.. |
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