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Watch the Bitcoin Bubble Burst

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BrightFuture

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Allessio called this over a week ago

Last chance to buy below $10K according to him
I am sceptical of chart analysis beyond working out the safety limits on stops.

Essentially we want to see Gold and BTC decoupling from the stock market and USD/Euro.

The case for this is based on the money printer debasing all currencies worldwide over the next 24 months and the peoples fear of bail-ins causing them to move cash out to anything they can grab.
 

Tadhg Gaelach

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I am sceptical of chart analysis beyond working out the safety limits on stops.

Essentially we want to see Gold and BTC decoupling from the stock market and USD/Euro.

The case for this is based on the money printer debasing all currencies worldwide over the next 24 months and the peoples fear of bail-ins causing them to move cash out to anything they can grab.

The problem with that theory is that no matter what the central banks did since 2008, there has been little or no inflation - not to mind the hyperinflation that some gold bugs imagine is going to happen.
 

BrightFuture

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The problem with that theory is that no matter what the central banks did since 2008, there has been little or no inflation - not to mind the hyperinflation that some gold bugs imagine is going to happen.
Yet from the low in October 2008, gold advanced until July 2011, more then doubling. I think thats bullish for gold/btc now.

The suppression of inflation is interesting, it means the share of M1 as a percent of money out there has been decreasing. For any pleb getting their plague payment cheque, shed loads more money is shovelled into the corporate economy by Blackrock/ECB/FED.
 

Tadhg Gaelach

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Yet from the low in October 2008, gold advanced until July 2011, more then doubling. I think thats bullish for gold/btc now.

The suppression of inflation is interesting, it means the share of M1 as a percent of money out there has been decreasing. For any pleb getting their plague payment cheque, shed loads more money is shovelled into the corporate economy by Blackrock/ECB/FED.

Yes, but the traditional attraction of gold is that it's supposed to be a hedge against inflation. But when there's no inflation and very unlikely to be any inflation, the need for that hedge is gone.

There's really no suppression of inflation by central banks. Central banks have been trying desperately to push inflation up to 2% for the last ten years - and they failed. It seems to be that you don't get inflation in aging societies. Japan being an extreme example. For inflation to happen, you need a shortfall between the money available and the goods available to buy. There's no such shortfall. Overproduction is the problem - which is why everything is on sale for half the year or more. You might say Globalization is a suppression of inflation, as cheap goods from China make sure there is never inflation.
 
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Don't now, thought there has been inflation just not hyperinflation, the products people buy are of less and less quality as in instead of shaving off the coins you shave off the products, similar to toblerone bars and less chocolate but same packaging, people queuing in pennys to buy clothes of less and less quality but also taking a bigger market share or similar stores are, obviously increased mass production and tech can help as well as cutting costs and cheaper labour etc.. but there is limits to this, but the pints in the pub is still a pint in the pub, harder to reduce costs through quality reduction on that product I would imagine and so the price increase is visible.

If all the currencies are printing, debt is also collectively being debased, and no currency wars if all agree to print like mad, those that save are hit the worst. When children are hitting the stock markets Fortnite Is Missing 10-Year-Old Players: They Are Daytrading On Robinhood Instead, it might be a sign, but then again this may be going on years. Bitcoin has too many whales, gold has same issue regards massive selloffs when it suits, I have no idea where it is going other then up and back down again.
 

BrightFuture

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Don't now, thought there has been inflation just not hyperinflation, the products people buy are of less and less quality as in instead of shaving off the coins you shave off the products, similar to toblerone bars and less chocolate but same packaging, people queuing in pennys to buy clothes of less and less quality but also taking a bigger market share or similar stores are, obviously increased mass production and tech can help as well as cutting costs and cheaper labour etc.. but there is limits to this, but the pints in the pub is still a pint in the pub, harder to reduce costs through quality reduction on that product I would imagine and so the price increase is visible.

If all the currencies are printing, debt is also collectively being debased, and no currency wars if all agree to print like mad, those that save are hit the worst. When children are hitting the stock markets Fortnite Is Missing 10-Year-Old Players: They Are Daytrading On Robinhood Instead, it might be a sign, but then again this may be going on years. Bitcoin has too many whales, gold has same issue regards massive selloffs when it suits, I have no idea where it is going other then up and back down again.
A great point, instead of buying your Avonmore milk you buy the shit tesco milk that goes off 5 days early. Buy your rat economy Brannons(fake brand) sausages which are full of shit filler made by bra-zillions in the (((Goodman)) plantation.

A lot of inflation has been offset by the rise of the TESCO-(COHEN) type supply chain.
 
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A great point, instead of buying your Avonmore milk you buy the shit tesco milk that goes off 5 days early. Buy your rat economy Brannons(fake brand) sausages which are full of shit filler made by bra-zillions in the (((Goodman)) plantation.

A lot of inflation has been offset by the rise of the TESCO-(COHEN) type supply chain.
Its a part of the race to the bottom, we just haven't hit the bottom yet that people will not accept any lower, the overall threshold within the population of what is the bottom being reduced by factors that globalism brings like mass immigration etc...

Standards across many aspects of society are in decline, but its a slow collapse, and so people seem to notice it less, or just accept it as it isn't detrimental to them for now, or just push the emotional buttons, fear porn wacism etc.. otherwise. If you can eat some of the god awful food that these fast food corporations push as food and think its great, your standards are already low and globohomo wants people who will accept the standards defined by it and not by you, family, community etc..

The ryan/mathis family in lidl and how much they save on their shopping is globalism and mass production that counters in some way the debasement in your currency as well as pushing the poz, but it has limits, which is why things do have to change, like cash is bad, everything must go digital etc...
 

Seánie McRant

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The problem with that theory is that no matter what the central banks did since 2008, there has been little or no inflation - not to mind the hyperinflation that some gold bugs imagine is going to happen.
The newly created money has been sucked into corporate shares now that (for some reason) government bonds have run out of steam. The Fed isn't even stating where the newly "printed" money is going. It just says "don't ask us what we're doing with your money. It's none of your business."

Let's just call it what it is: Pure theft.
 

Polyco

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The problem with that theory is that no matter what the central banks did since 2008, there has been little or no inflation - not to mind the hyperinflation that some gold bugs imagine is going to happen.
If you are saying a tenner has the same purchasing power as it did in 2008 then you might forgive me for suggesting your assertion is somewhat distant from reality.
 
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