Bitcoin Forum

So, the price of oil has been in dragging in the mud for weeks.... there is a huge glut of oil around the world.  The US stock markets have just been dumping, China pulled the trading plug today because it was falling too much, too fast. China has said that Tomorrow, they will let if go without intervening which means the whole world will take a hit.

I see that BTC had a sell off a week or so ago and it has been steadily climbing back. It looks like today BTC took a jump up. Coincidence or correlated event?

The last time the stock markets around the world took a massive dump was in 2008. BTC was INVENTED in 2008... so really, there is no data to reference from a world wide market crash to what can happen to BTC. Sure, there have been some stock market corrections... sometimes BTC goes up, sometimes nothing happens, sometimes BTC goes down.... in those corrections.

What do you think will happen?

Do you think this crash will be a test of BTC to be a world wide currency?

Looking back at trends Bitcoin will most likely rise, not sure if it will be significant but it should climb.  Hang Seng is off 3.09% right now.

it saves the world.
like usual ...

people need to change, now ... FAST ! QUICK ! Damn, people are so slow to evolve !

Gold is currently reaping the rewards of the crash

There's no real way of knowing. It could go either way. People might continue to pile in or if it dawns on them that the wider markets really are going down the toilets in a dedicated fashion they might run to cash. It could be the making of Bitcoin or something rather less inspiring.

We have seen today that the price of bitcoin is starting to climb again. When people stat dumping shares they normally want to invest it somewhere else, bitcoin is more than likely a good place to invest until markets recover so we should see more of a rise in the coming months.

your right gold looks like a cracking buy right now........

Goddamn it!!!  Every time the markets crash I'm stuck without cash to buy any stocks with.  I think I'm going to start putting some aside and stop buying bitcoin for a while, because I suspect the stock market is going to drop a lot more before we see the end of this.  It was down again today, and if this keeps going we're going to have a bleak 2016--but stocks will be cheaper!

Don't know about bitcoin, though.  Has anyone actually done any econometrics with it, e.g., figured out how it moves with relation to the stock market or bond market or any others?  I'd be very curious.

Why would you buy stocks when they are crashing? Way to catch a falling knife to be honest. It's just best to stay all in on Bitcoin, what tells you that when you buy those stocks which looks like a good buy, they will not continue falling? 

The drop this week is approaching a correction. There are no signals yet that a bear market will ensue. The failed attempt of a "circuit breaker" was the cause of the route today. The U.S. markets will end the week on a strong note.

I'm not a trader, that's why.  Meaning I don't sell stocks very often--I would consider myself an investor and not a speculator.  So when good quality stocks are dropping (or have dropped to whatever you think the bottom is), it's time to buy.  You know that phrase "buy low, sell high"?  Well, you have to have the balls to buy low and hold, even if what you bought goes lower first.  That "falling knife" concept mostly applies to heavy traders.  That's how I see it anyway.

Bitcoin is total speculation to me though, and I'm not comfortable keeping a huge amount of money in it because there's no good way to analyze what the price should be.  And it's notoriously volatile.

There is a good chance bitcoin will break $500. Very interested what these Chinese people end up doing with the bad week in stocks

With this bad news for stock markets and low oil prices, the traders prefer increasing its investing on Gold. And some users that donnt see the stocks as a good opportunity of invest are buying bitcoins.

It's so annoying to see fear-mongering posts.

Stock markets are not crashing, they are sliding down. NOT crashing.
Fact is, it is a good time to buy stocks because when they drop they will most certainly go back up.
I see this as a opportunity to buy stocks. In fact I did the same thing in 09 when stocks were crashing. I then sold them for a pretty penny.

Probably decrease, lmao.

Joking aside, I'm hopeful for an increase. I remember a few months ago when there was a downward spike on the stock market and BTC literally did nothing. Considering this on a global scale, I'm confident in a healthy increase.

That's what I said a couple posts above.  Everyone wants to buy stocks or whatever other asset class when prices are high or rising, and that's usually the wrong time to buy.  I unfortunately only got to buy a small amount of stock in '09, and I definitely saw the opportunity there. 

it's much safer to buy gold and to trade it like you do with BTC. The gold brokers are licensed, it's a regulated market . Be sure you won't have exchangers like BTC-e or Bitfinex(shady ones).

Stock markets FLATLINING, oh my.

Now DOW futures are up triple digits and the Hang Seng is recovering.  Impossible to predict this.

BTC shooting up i see on the Wiz for BTCe.
A week ago i looked.. it's now from $428 shooting up super fast past $450

Off hand ya i bet it will help boost BTC price but will it stay that way or eventually drop back down ?
Eventually i think it will settle back down and the price will drop back to where it was.
Price spike is not from natural growth of Bitcoin..
The price going up right now is the effect of market maniupulators who want to make a buck.
So it's doomed to be dumped later and drop back down in price.

I don't necessarily see these types of posts as "fear mongering", they are just being realistic and watching what's actually occurring in our world.  While I don't think the terms "crashing" suffices, it will probably rebound... but anyone who has been paying attention to how are economy works and seeing glut of oil and unreliability of the banks, plus definite knowledge of the Fed over printing money all the time; anyone can see that the world economy is going to be majorly devastated sooner or later.

Now the simplistic reasoning that bitcoin is going to go up because most nations fiat systems and stocks are currently going down? Probably not. People on here fail to realize that we (and now other investors as well) are a very small minority of the world who sees bitcoin as a safe haven from the dips that the stocks and so on are doing.  Hell... we are still at the point in time where probably 95% of the remaining population of Earth doesn't even know what bitcoin is.  It is not as well known as gold... and as you can see, gold is doing very well right now in the market due to this dip in stocks and fiat commodities.

bitcoin is going up for sure. :o
i can see that bitcoin is now more popular becaus of the law in china led to the crash of the chinese markets i guess. bitcoin $1000 is more likely no longer a dream.

I am happy to see that the price of the bitcoin is growing in a positive way. As much as the stock seem to be crashing, it should never be a reason for us to celebrate. We need to know that the aim of the bitcoin is to become an official currency all over the world. And with that there are always times when things are hectic and thick for the good returns to be observed. I do think that bitcoin is on its way to price stabilization and it is the reason we are experiencing this fluctuations.

All these stock markets falling down, seems like most of it is affected by falling down. Bitcoin has been going up and rising ever since the stock markets started going down.
It doesn't seem like much but who knows what will happen this upcoming weekend or even next week if the markets keep on falling like this.

The thing is... this might just be the big crash everyone is anticipating.... We will never know. Some investors might pull the plug and run to Bitcoin... we have seen something

similar happen before, when the crisis hit the worst part, during the Greece problems recently. Even though Bitcoin has it's bubble periods... it still shows a steady growth over

the long period. Trying to buy cheap stocks in this economic climate, would just be crazy... it might take years to recover.  ???

Greetings to BTC Community

I think George Soros explained that it would be going back to the 2008 financial crash....

But Bitcoin Price may go up slightly according to my knowledge.....

Cheers

This guy's worth hearing[1], imo. He seems to concur with George Soros, to some extent. AISI, in the UK we have near record high private debt of £1.5 trillion. Don't know the ratio to GDP, it's likely not good, and if we have a slow down it can only get worse. It's pretty much the same for the US, I think. I don't think the world economy is going to recover any time soon. It's probably best to get used to it flat lining.  Spend more time relaxing with a pint of real ale or whatever it is you enjoy doing.

[1] http://www.bbc.co.uk/news/business-35259184

Banks are sitting on record levels of cash these days and have tightened lending standards so I would not call the banks unreliable. Furthermore, they are fairly on top of things considering they are attempting to adopt blockchain technology to reduce overhead and fraud within their systems. The Fed on the other hand has created a ridiculous amount of depth in order to stimulate the economy.

Yeah I find it amusing that someone would not go big on Bitcoin because "it's impossible to predict" but pretends to predict the stock market which is insanely rigged specially all that S&P500 and OIL. The only way to be sure you aren't getting rigged is if you invest in some unknown company that you think it's up and coming.. but that is again a big gamble in itself, way bigger than belting on Bitcoin reaching an ATH in 2016.

With current Blockchain transfer time, BTC can not be world currency, no one in the shops will wait for confirmation, which lasts some hours  ;)

Feel the same, china going to carry bitcoin to the moon. and i can understand why they dump there money into bitcoins its so easy to sell and take out back to your fiat acount makes it a good place to put your money to keep them safe.

I'm not trying to discredit you by any means, but I seriously doubt banks have new strict standards against lending... sure they might try to make it a tiny bit more difficult, but I have yet to read anywhere were that is the case; plus I haven't read anywhere that banks are sitting on "record levels of cash".  Banks are continually ordering and dealing with the Feds.

Now, the reason that they might have records numbers of cash though, is that they have successfully made digitally usable fiat currency more appealing to the masses.  So there is no need for cash anymore really... I mean the other day I saw someone pay for a $.20 water cup with a fucking debit card for crying out loud.  So, I think you might be right on the cash part, but I still haven't seen anything or any CEO of a bank strictly regulate lending.

One of my family members works as a teller at a bank, and he is required to meet a quota of referring people for checking accounts, savings accounts, loans, etc. ... You really think they are going to be strict with the customer once people, or in this case, a teller refers them to the bankers to do business with them? Hell no... they are going to try to get them as much money as possible, so they can own their ass.

Leading up to the subprime mortgage crisis that caused the "great recession" in 2007-08, US commercial banks had an average of 17.5 to 20.5 billion in cash reserves. The link below shows that by 2011, U.S. commercial banks held 1.6 trillion in cash reserves or roughly 77 times typical holdings from 2001-2007. The federal reserve lists on their website (take this with a grain of salt) that as of December 30, 2015, U.S. commercial banks have cash assets in excess of 2.3 trillion dollars which is 112 times the reserves held between 2001-2007.

http://www.peri.umass.edu/fileadmin/pdf/working_papers/working_papers_251-300/WP284.pdf

Im not going to go digging up the change in lending standards but people with average FICO scores of 630 (considered sub-prime at the time) were being approved for mortgages leveraging 8-10 times spending power as their net income hence the rise in foreclosures from 2008-2011. Needless to say, your not able to leverage considerable debt without a FICO score of 700 or your paying serious points on your loan. America.......the country where you can live outside your means, declare bankruptcy and have repaired credit 7 years later with your creditors taking it like a champ.

Hopefully Bitcoin will continue rising in terms of price and user adoption.
That's why we are here right?!
But we shouldn't look too much on the other markets and smile when they are crashing.
Even if we should rise to new ATH, I think we should stay humble and focus on improving the ecosystem.
The higher the price will be, the more attention Bitcoin again will get, the more users might flood in and therefore the better the infrastructure has to be!

It is pretty damn near impossible, and that's why so many people lose money.  Look at how many folks around this forum predict where bitcoin is going with absolute certainty.  And that certainty is an illusion. 

As far as the stock market goes, we had a little itty bitty correction.  I think there will be more to come, but I can't say for sure.   ;)

Seeing as how there are some 120 years to go until all bitcoin is mined, I don't think it will go anywhere soon. Bitcoin is here to stay.

Btc crashing as well, right now it's dropped from 395 to 375 @bfx. We're going down, like Monica.

The markets crash will certainly have a small impact over the price of bitcoin. This can be over come by our technology which is the base of bitcoin. The technology that we are involved is not that easy to get destroyed. Bitcoin developers will make possible changes to keep it in safer side

The market crash is always stopped to avoid the end of this financial world: how long will it last?
Lots of signs we're on the edge of a new financial crisis, the dollar can't hold this pace.

What will BTC do? I really don't know, but I'll hold onto them.