Ben Bernanke hat eine Vollkaskoversicherung geliefert ...

[uncensored-r/Bitcoin] Bitcoin prices over 1Y vs Ben Bernanke's chart of a bubble

The following post by pbwarren2001 is being replicated because the post has been silently greylisted.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7rj0c0
The original post's content was as follows:
https://imgur.com/qVXMITy
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Bitcoin Critic Peter Schiff Wins a Bet for a Gold Coin About Interest Rates - He Predicted Correctly 7 Months Into Future

TL;DR: Schiff won a bet made January 20, 2019 about interest rates which were lowered today for the first time since 2008.
Video Proof: https://www.youtube.com/watch?v=uZFWL4FLic4
Many have seen the name Peter Schiff crop up around cryptocurrency forums, mostly related to his steadfast belief crypto can't work. People may wonder why he's important. The title is the reason.
While most here would disagree with Peter Schiff on Bitcoin, many (like myself) completely agree with him on other things, like politics, economics, and central banks and their policies. What just happened today demonstrates, in impressive fashion, why people like Schiff (economic adviser to Ron Paul's 2008 presidential campaign) command respect.
What Happened
The U.S. Federal Reserve embarked on unprecedented monetary policy in response to the Great Recession of 2008, lowering interest rates and pumping money into the system to avert a further drop in economic activity. The head of the Fed at the time, Ben Bernanke, gave no indication he saw the collapse coming in contrast to people like Peter Schiff (and others like Mike Maloney) who warned a large economic problem was coming soon. In other words, Peter went against mainstream beliefs at the time.
Peter just won a bet today doing the same thing. Making today's news is the announcement the Federal Reserve will cut interest rates. It's significant for two reasons. First, it's the first time this has happened since 2008, over ten years ago! Second, as recently as the beginning of the year not only did nobody expect the Fed to cut rates in 2019, they expected the opposite, rate hikes and more than one hike. Peter's bet was the equivalent of betting on a horse given the worst odds in a race, but ending up winning.
Additionally, Peter gave his thoughts about gold prices. At that time in January gold was at about $1,280 per ounce. The panelist Peter bet against said he believed gold would go down in the coming months to around $1,000. Peter, however, said he thought that it was a slim likelihood gold would go back down to $1,000 and even slim it would go below $1,200. He was right again. Today gold is just over $1,400 per ounce.
Follow Peter Schiff here: https://www.youtube.com/useSchiffReport
submitted by cryptos4pz to btc [link] [comments]

Top Threats to Bitcoin

Anyone who has ever read the prospectus of a large tech company knows that the founders, venture capitalists and their lawyers like to talk about potential risks that could adversely affect the share price. Come, friends, let us be like they and warn our friends and families about the potential risks of Bitcoin investing.
... !?!?!?
submitted by ifitDuckslikeaQuack to Buttcoin [link] [comments]

Elliott Wave analyst's thoughts on Bitcoin

(NB: typos mine; crappy OCR software. If anyone wants to see the Eliott Wave he's discussing and I'll make it available.)
Bitcoin Bubble or Bitcoin Breakthrough? How about both?
by Elliott Prechter
December 20, 2013 in the Elliott Wave Theorist
EWT discussed Bitcoin for the first time in August 2010, when the currency traded at six cents. As far as we know, EWI was the first financial publisher to discuss it. Bitcoin was unknown to the general public and off private investors’ radar. Even the earliest adopters did not take it as seriously as they should have. The most notable example of this is the man who paid 10,000 BTC for a pizza. This pizza purchase is now famous (https://bitcointalk.org/index.php?topic=l37.0), and many continue to track its price in USD terms via the “Bitcoin Pizza Index," which recently hit an all-time high of over S12 million.
Fast forward to today, and the currency is regularly featured in financial news and social media. Bitcoin Magazine has become popular, Congress is holding hearings on the currency, Germany has defined its role in finance, China is ruling on its legality, and the business world is adopting it. The most prominent business to embrace Bitcoin is Virgin Galactic, one of the many creations of billionaire Richard Branson (http://www.cnbc.com/id/101220710).
EWT readers were prepared for all this. When Bitcoin was still in the shadows, the August 2012 issue said,
Presuming bitcoin succeeds as the world’s best currency-and I believe it will-it should rise many more multiples in value over the years. -EWT, August 2012
The big question on the minds of investors is not what Bitcoin has achieved, but should they buy Bitcoins now? It’s amusing that so many people ignored Bitcoin upon hearing about it in 20 1 0, but now that its price has gone up 20,000 times, they want to invest. Notwithstanding the currency’s potential, this shift in attitude is a signal saying now is not the time to buy. Let’s look at four areas of evidence:
1) Optimism is off the charts. Past issues of The Elliott Wave Financial Forecast discussed people selling their homes and borrowing money to invest in Bitcoins. That was near the peak of wave Now the desire to buy has grown even more extreme. Bloggers are calling for Bitcoin to reach S1 million. . .soon. One young investor borrowed a million dollars from his father and without his knowledge invested it in Bitcoin (https://bitcointalk.org/index.php?topic=359228.0). The other day I walked into a convenience store wearing a Bitcoin T-shirt, and the owner asked me if he should invest now. I felt like I was living in 1929.
2) Investors have recently been rushing to buy a rash of 95 (at last count; see https://bitcointalk. org/index.php?topic=l34179.0) new clones of Bitcoin that have recently emerged: Litecoin, Namecoin, Zerocoin, BBQCoin, PPcoin, PrimeCoin, NovaCoin, FeatherCoin, TerraCoin, Devcoin, Megacoin, Mincoin, DigitalCoin, Anoncoin, Worldcoin, Freicoin, IxCoin... and more. (That they are clones is obvious from the lack of imagination in naming.) This rush of clones is reminiscent of the South Sea bubble of 1720 and the dot-com mania of 1999, when shares of zero-profit, copycat companies (and even fake ones) sold like hotcakes. Virtually every week now, the Bitcoin code is forked into a new coin that investors bid up. lt’s as if buyers feel the world will run out of cryptocurrency, which in fact is infinitely and freely duplicable.
3) The Elliott wave pattern from Bitcoin’s inception shows five waves up. The December ll Short Term Update noted that a major top was potentially in place: The peak [in Bitcoin] came 10 days after U.S. officials, ranging from an assistant attorney general with the Department of Justice to Fed Chairman Ben Bernanke, “spoke approvingly of the potential of virtual currencies." So, here again, the government is getting on board at the very tail end ofa long rise. Since we posted that comment, Bitcoin has fallen an additional 40%, bringing it down nearly 60% from its all-time high.
Will this prove to be just another brief, sharp correction or something larger? Take a look at the completed impulse pattern shown in Figure 3. The structure begins very near the inception of the currency three-plus years ago, when it was selling for a penny. Notice that wave @ is a triangle (see text, p.49), which typically comes in the fourth-wave position. Wave a thrust, carried to the all-time high of S 1242 on November 29. The reversal from that point should mark the start of the largest bear market to date in the currency. This forecast is in tune with the anticipated bear market in the broader stock averages, which have strongly correlated with Bitcoin’s pattern.
The chart is in log scale to show the returns one would have achieved in each impulse leg of the pattern. Wave Q) achieved a stunning 3 19ox gain. Wave ® achieved 59.3% (a Fibonacci 3/5) of the gain of wave Q). Wave ® (measured from the low of wave @) achieved 39.3% (a Fibonacci 2/5) of the gain of wave (D and 66.3% (a Fibonacci 2/3) of the gain of wave Therefore, while each upward move has been large, each successive wave has been decelerating in log terms relative to past waves, in each case by a Fibonacci multiple. Also notice that Bitcoin trades more like a commodity than a stock, with its blow-off tops and extended fifih waves. Most of the gain since early 20 12 has been within (5) of ® and the final wave all of which is probable retracement territory.
4) Most people involved in this mania seem oblivious to Bitcoin’s fundamentals. In my experience, raising these issues publicly earns scorn for spreading “FUD.” But there is a good reason-now widely ignored-that Bitcoin is beta software. Our August 2010 piece explained how Bitcoin operates, but it’s worth revisiting some details to understand just how out-of-touch investor expectations are with the reality of Bitcoin technology. Specifically, let's examine the limitations of Bitcoin’s blockchain.
The blockchain is the heart of Bitcoin. In its simplest form, the blockchain is a public ledger of all transactions that happen in the Bitcoin network. Each block is composed of individual records that track the ownership of each coin. The transactions “fit” together cryptographically. A block is created about once every 10 minutes by the network. Each block is then cryptographically linked to the previous blocks in the chain, forming a history of all transactions that-to Bitcoin’s credit-cannot be forged. To the extent that Bitcoin currency is real, it could be said that the blockchain is the Bitcoin currency.
Yet the core problem with the blockchain is that it grows over time and must be shared by every fiill Bitcoin node. Today it is nearing 13 GB in size. Now, 13 GB doesn't sound too large, but at the current rates of exponential growth the blockchain is projected to become over a terabyte in size in just three years. What's more, the amount of accompanying data required to handle just a fraction of Visa-level traffic would overwhelm even the fastest Internet connections. This technical hurdle makes the “Bitcoin is going to a million” commentary seem premature.
The hope for Bitcoin’s future lies in its open-source nature, allowing it to be improved, and Moore’s Law. Moore’s Law is colloquially used to signify the exponential increases in computer-hardware efficiency over time, including network capacity. But Moore’s law-which calls for a doubling of computer speed every two years-has hit a snag in recent years: the rate of improvement in performance has dramatically slowed, causing many experts to call for the end of the operation of Moore’s law. (For the record, Moore’s Law was never intended to refer to computer hardware performance, but the media have confused the term to the point where it is now generally used in this context. Originally, it was intended to refer to the increase in the number of transistors that are packed into microchips.)
The past four years have been an exciting ride for Bitcoin. But the evidence says the Bitcoin bull market is done for now. It would be best to put Bitcoin out of your mind for the duration of the deflationary wave that is curling toward the financial world. Due to the psychology surrounding Bitcoin, as well as its correlation with the stock indices, it is too risky to buy now. Due to its open-source nature, however, Bitcoin’s infrastructure should continue to improve over the years.
For the long run, I agree with Roger Ver, the CEO of memory dealers and one of Bitcoin’s earliest adopters, who recently said, “It is just getting started." But one could have said that about the U.S. stock market in 1966. It would have been visionary only if you were patient and willing to hold through a very deep valley. Our position is that Bitcoin will never again sell for 6 cents, as it did when EWT first wrote it up. But there will be another time to buy it for relative peanuts alongside stocks, real-estate, gold and silver. When the time comes, no one will be interested.
Elliott Prechter's primary task at EWI is working on EWA VES, our in-house artificial intelligence softwarefor analyzing Elliott waves.
submitted by Indy_Pendant to Bitcoin [link] [comments]

Max Keiser - Bitcoin, Bernanke & Buffett  London Real ... Bill Still on Bernanke's Bitcoin Surprise Bitcoin And Blockchain Conference Has Ben Bernanke Headlining! Banks Capitalize From Blockchain BITCOIN vs RIPPLE ~ BEN BERNANKE & CENTRAL BANKS (SWELL CONFERENCE)( price bitcoin,crypto) Ben Bernanke Confronted by WeAreChange - YouTube

(This policy change was documented after the fact in 2012 in a speech by Chair Ben Bernanke.) ... The chart below compares the market capitalization of bitcoin with the above-ground stock of gold ... Forex Analyse von Bremer Landesbank (Folker Hellmeyer) über: EUR/JPY, EUR/CHF, Gold Futures, Silber Futures. Lesen Sie Bremer Landesbank (Folker Hellmeyer)'s Forex Analyse auf Investing.com. Doch große Namen wie Bill Gates oder Ben Bernanke setzen auf die Nummer vier der Liste: Ripple und seine Währung XRP. Das steckt hinter Ripple. XRP unterscheidet sich von Bitcoin und Ether — und das überzeugt eben auch den ehemaligen Notenbank-Chef Bernanke. Ripple ist nämlich nicht darauf aus, sich gewöhnlichen Banken zu entziehen oder Fiat-Währungen zu ersetzen, sondern strebt viel ... Lieber Leser, aktuell überschlagen sich mal wieder die Nachrichten in Sachen Bitcoin. Obwohl die „Mutter aller Kryptowährungen“ von Ex-US-Notenbankchef Bitcoin price chart; Amazon Bitcoin Store; Get started with bitcoin The basics and Q&A; Buy bitcoin in South Africa How and where to buy bitcoin. Step by step bitcoin guides; Easy Bitcoin investment; How to invest in bitcoin; How much does bitcoin cost in South Africa? Bitcoin schemes in South Africa; Bitcoin meetups; Get a bitcoin wallet Bitcoin wallet types; Blog Posts; Attachment: ben ...

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Max Keiser - Bitcoin, Bernanke & Buffett London Real ...

bitcoin conference is scheduled to have Ben Bernanke Headlining as a speaker to discuss how Banks can capitalize from Blockchain and digital currencies in general. This may seem like a shock ... BITCOIN vs RIPPLE ~ BEN BERNANKE & CENTRAL BANKS (SWELL CONFERENCE)( price bitcoin,crypto). ( price bitcoin,crypto) Thanks For Watching! Please subcribre Channel Top News. ed Chairman Ben Bernanke gives a presentation at the annual American Economic Association meeting on the past, present and future of the changing Federal Reserve. He discusses the financial crisis ... Filmmaker and activist Bill Still joins Gary Franchi to weigh in on Ben Bernanke's recent statements on Bitcoin and also shares his thoughts on cryptocurrencies. Heute geht's um folgende Themen: Bombensicherer Bitcoin-Bunker: So schützen Millionäre ihre Krypto-Kohle, Notting Hill Luxusvilla für 5050 BTC, Ben Bernanke glaubt Bitcoin wird nicht ...

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