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traderCJ
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August 12, 2014, 05:38:56 AM |
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I concur, Chris is not a scientist but he does make good points in some of his other articles. He must be extremely confident in this analysis, predictions like this generally just prove the stupidity/hubris of the predictor.
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Benjig
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August 12, 2014, 05:45:24 AM |
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Newsmax link? Uhhhhh...not particularly credible source, there.
Is this reporter just making shit up? S&P chart tops around 1500 in 2000. Tops around 1500 again in 2007. It is currently around 1930, which is significantly higher than that other double top.
Well the third top shouldnt be exactly as the previous two, but in general view, the graph in fact is seeing very similar on the two previous tops. Speaking about time and percentajes. |
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picolo
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August 29, 2014, 03:57:18 PM |
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US market collapse? US&Europe market collapse? In real terms it has already collapsed, in nominal terms it may even increase more
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zetaray
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August 29, 2014, 04:13:10 PM |
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The article did not say much about why he thinks this triple top is inevitable, will watch the video later. I am more interested in his argument than whether it will come true.
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exocytosis
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August 29, 2014, 05:01:39 PM |
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People believing in economic doomsday scenarios, are always saying that the doomsday is just a couple of months away. They’ve been wrong for many years. Why should I start believing them now, when they’ve already proven numerous times that their “predictions” are worthless, based on nothing but wishful thinking and clever tricks to sell prepper books, precious metals, survivalist supplies and cryptocurrencies?
Anyway, even if something bad were to happen soon:
Banks can collapse and oil can be depleted.
Work will still get done.
People will still have jobs and exchange goods and services.
People are adaptable. They innovate. They find solutions to their problems. They always have, and they always will. Knowhow, technical skills and the power of innovation doesn’t suddenly disappear just because oil is slowly depleting, banks are failing or unemployment numbers are rising.
And Bitcoin won't go to the Moon anyway. It's going down to a more sustainable level than the current one.
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giveBTCpls
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August 29, 2014, 05:09:21 PM |
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The bubble has been collapsing since 2006, they are just pulling something that resembles a controlled collapse in front of our faces. Sit back and enjoy the fireworks.
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picolo
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October 12, 2014, 11:00:45 AM |
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The US Federal Reserve will not let assets going down without a stupid fight so they will buy assets to raise the prices
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porcupine87
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October 12, 2014, 12:10:06 PM |
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argh. So there you can see what these prophets do if they are wrong. They just keep on saying they're right  (I found the same) |
"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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bitebits
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Activity: 2302
Merit: 3685
Flippin' burgers since 1163.
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October 12, 2014, 12:30:38 PM |
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The article has an interesting quote though: At one point in the interview, Wiedemer even calls out Bernanke, saying that his “money from heaven will be the path to hell.” |
You can figure out what will happen, not when /Warren Buffett
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Blazin604
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October 12, 2014, 06:01:17 PM |
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As soon as this happens the price of Bitcoin will shoot up. Buy now my friends. The world is heading into a very dark era.
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Elwar
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Viva Ut Vivas
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October 12, 2014, 07:24:26 PM |
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Economics is not a science.
It is a religion.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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Blazin604
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October 12, 2014, 08:42:29 PM |
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Does anyone really truly know if the Bitcoin price is directly tied with the USD? What happens if the USD collapses completely?
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CryptoCarmen
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★Bitin.io★ - Instant Exchange
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October 12, 2014, 08:45:49 PM |
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Does anyone really truly know if the Bitcoin price is directly tied with the USD? What happens if the USD collapses completely?
Bitcoin had not lived any USD collapse yet, so noone cant tell you. It did not lived many other things either. |
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Traffic4u
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October 12, 2014, 08:47:13 PM |
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Economics is not a science.
It is a religion.
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JimboToronto
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You're never too old to think young.
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October 12, 2014, 08:49:10 PM |
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Economics is not a science.
It is a religion.
I thought it was a sport.  |
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Tugbit
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October 13, 2014, 09:19:49 AM |
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In this context, how credible is this Jim Rickards guy ? His series "the dead of money" paint a grim picture of global economy on short terms. See https://www.youtube.com/watch?v=KYW5OGWfqJc |
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Tugbit
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October 13, 2014, 09:46:13 AM |
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Well maybe Jim is not a scientist but he seems to know what he's talking about, in that case a serious collapse on short term is not that far fetched, not to say inevitable. I wonder if my BTC stash can somewhat protect my net worth in case the sh*t hits the rotary impeller....
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Omikifuse
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October 13, 2014, 11:11:53 AM |
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So was he right? Or just like the guy that predicted bitcoin $10 by first half of 2014?
(I don't read about the stock markets since a while)
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boumalo
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Merit: 1018
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October 13, 2014, 11:37:21 AM |
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Does anyone really truly know if the Bitcoin price is directly tied with the USD? What happens if the USD collapses completely?
Bitcoin had not lived any USD collapse yet, so noone cant tell you. It did not lived many other things either. A USD collapse should be great for Bitcoin's price and the FED will not let the market go down or not help the government pay its liabilities, it will print like there is no tomorrow |
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