QUESTION: Mr. Armstrong; I am impressed with your computer system for without historical data depth, it still manage to correctly forecast the high in Bitcoin. The BIS had come out against cryptocurrencies as has our central bank here in Switzerland calling them crude and unlikely to become a world currency without impressive advancement in the […]
QUESTION: It certainly seems that the cryptocurrency world has its flaws and may even be worse than traditional bank accounts and credit cards. They keep getting hacked. So they are trying to defeat central banks but may be running into the arms of scammers and thieves. I read one guy even claimed Bitcoin would be […]
COMMENT: I found it very interesting when my bank would not allow using a credit card to buy cryptocurrencies. A friend of mine in Singapore said the government there has also instructed banks not to honor cryptocurrencies. It appears that government is starting to retaliate against the cryptocurrency world and I must question its viability long-term. […]
QUESTION: Mr. Armstrong; There are these people so desperate to argue that cryptocurrency will change the world, I have heard the same pitch behind gold and I suspect most are just goldbugs who gave up and moved to cryptocurrencies. The same arguments of fiat and central banks are at the base of this as well. […]
I do not know how else to say this. Cryptocurrencies are an ASSET CLASS and they are something to TRADE. All this stupid nonsense that they will revise the world monetary system with no pain and governments will be brought to the knees without firing a shot, I really do not know who makes […]
COMMENT: Hi Martin, I really love your work. You are the only one financial guy I follow. Your power is obviously your prediction computer program Socrates which I use every day. I understand that your other posts are just your opinions and I would like to point out some of the flawed arguments you make about […]
QUESTION: You originally said back at the 2015 WEC the first window for the monetary crisis and the collapse of the Euro could arrive by 2018 and then the cycle was extended into 2021 when the Euro finally elected a weekly bullish. So it appears correct that 2018 is the start as the Euro never […]
QUESTION: I had a discussion with a former goldbug who is now a crypto-bug. He can’t see that governments will not stand idle waiting to be simply put out of business with cryptocurrencies. No matter what you say, I think it has become a religion. There is not one major company who has adopted blockchain […]
QUESTION: Do you think Bitcoin can survive? Or has it been a passing fad? MT ANSWER: Bitcoin rose because 70% of the miners were in China. It was NOT simply because energy was cheap. Bitcoin became the LEADING means of money laundering and movement of cash out of China, circumventing their rule of law and […]
QUESTION: Socrates did an amazing job. It called the high in BitCoin right to the day. That makes me wonder. After thinking quietly about the claim that cryptocurrencies will replace everything as a new world monetary system because it will not be centralized and created by a central bank, this seems to be complete BS if […]
