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Title: Look carefully at bitcoin's price action as the stock markets and oil plunge Post by: jehst on August 21, 2015, 08:46:24 PM Bitcoin is not a hedge. People aren't moving into bitcoin for safety.
Bitcoin, gold, oil, and stocks can all fall simultaneously. The USD reigns supreme. Title: Re: Look carefully at bitcoin's price action as the stock markets and oil plunge Post by: relm9 on August 21, 2015, 09:02:07 PM The USD won't keep rallying forever either. I'm of the opinion that there will be no true safe haven, in the event of another economic collapse. That's why it's best to diversify.
Title: Re: Look carefully at bitcoin's price action as the stock markets and oil plunge Post by: Sourgummies on August 21, 2015, 09:12:39 PM The USD is inflated through oil being pulled out of the ground at a unheard of rate. This will not be able to continue long term and should please the Saudis at the end of the day.
This is similar to how China is manipulating its own currency,just not as obvious to the every day person. What has amazed me lately is Warren Buffets investment in trains at a time(2-3 years ago) that pipelines where looking to take over. Flash forward to today and trains are moving more oil than ever before. Little off topic but interesting he saw this coming or was positioned well enough to take advantage. Title: Re: Look carefully at bitcoin's price action as the stock markets and oil plunge Post by: ArticMine on August 21, 2015, 09:22:26 PM Bitcoin is not a hedge. People aren't moving into bitcoin for safety. Bitcoin, gold, oil, and stocks can all fall simultaneously. The USD reigns supreme. Yes but we must also take into account the impact of the blocksize issue on Bitcoin. If anything the stock market crash may have slowed down a crash in Bitcoin over the blocksize issue. Title: Re: Look carefully at bitcoin's price action as the stock markets and oil plunge Post by: Beefcake on August 21, 2015, 10:13:03 PM The USD is inflated through oil being pulled out of the ground at a unheard of rate. This will not be able to continue long term and should please the Saudis at the end of the day. This is similar to how China is manipulating its own currency,just not as obvious to the every day person. What has amazed me lately is Warren Buffets investment in trains at a time(2-3 years ago) that pipelines where looking to take over. Flash forward to today and trains are moving more oil than ever before. Little off topic but interesting he saw this coming or was positioned well enough to take advantage. If you are not on the inside, then you are a loser. You think that Buffet does not have friends who know what the plans are? Its not like they can just start pumpig that oil over night. The stock market just took a nose dive the last two days. I have been saying the bubble will burst for a long time now, and we appear to be on the precipice. All we need is a little catalyst to nudge us in the right direction and we will see another round of economic collapse and bailouts for rich wallstreet people (mostly goldman sachs). I don't know if oyu can say whether btc will move with stocks. The recent dump was clearly market manipulation, and it may just be coincidence that the stock market and oil are taking at the same time(ish). We will see. Interesting time. I have not been in btc for very long, so I can't say for certain if it will track other assets, but I can see the appeal of btc as a safe haven. Title: Re: Look carefully at bitcoin's price action as the stock markets and oil plunge Post by: gentlemand on August 21, 2015, 11:00:00 PM It'll be a decade or more, if ever, for Bitcoin to be considered any type of hedge en masse. Its market movements might reflect a little something but overall it lives in a strange world of its own.
Title: Re: Look carefully at bitcoin's price action as the stock markets and oil plunge Post by: r0ach on August 22, 2015, 03:01:13 AM I just covered this topic the other day:
https://bitcointalk.org/index.php?topic=1132585 The reason it's hard to predict the BTC price right now and in the near future Global deflationary depression Things like oil and gold are down, cash liquidity in other areas drying up. The fact that Bitcoin actually went up during this time period seems like a kinda bullish sign. If governments print money to try and fight it, the money doesn't actually circulate, it just goes into pockets of people who already had millions in the bank. The demand for super luxury goods has been going up because of this, while the normal economy goes down. Eventually, these people playing musical chairs with stocks and fiat notes will have to leave it for something else, presumably things like gold, bitcoin, or both. The only question is how low is everything going to go before it explodes upward. |