Bitcoin Forum

http://www.telegraph.co.uk/finance/debt-crisis-live/9271371/Debt-crisis-live.html



I think that we are going to have a messy week.

how about few years?

 :o

So should we have a 'who is the grizzliest bear' competition?

Ahhh the Asspergers index, this shows the likelyhood of Atlas returning...

Very short term, we may not even need a very bad week ahead, but if not next week, this does not matter. The next months will bring all financial markets down hard, no matter if PM, stocks, EURUSD, whatever. The only thing that may rise is BTCUSD. (by the way, our stock market forecast we issue regularly in the Bitcoin Weekly report is fully on track.

SPAM

Heh. Are you a clown, or just a joker?

This is no joke, but the upcoming reality. I am happy to provide more perspective if you want.

For once, I actually agree with S3052.

S3052 - I'd love to hear your analysis. I just recently got into b/c to diversify from AU and AG. Right now I'm contemplating either getting some more metals or more b/c. I love reading forecasts - helps me come to my own determinations. Thanks!

The best asset class to be in when share market and general volatility hits is, ironically, fiat currency.  If the feces really hits the turbine then all those lovely leveraged positions in precious metals will need to be liquidated when the price of the metal falls.  Cash rules.  We've seen it before in 2008/2009, and we could see it again very soon.  The market may run to cash until stability returns.

Is bitcoin good enough to be called cash in times like these?  People can guess, but no one really knows, seeing as bitcoin didn't even exist before early 2009 and therefore hasn't been tested in a real squeeze.

One thing has been inevitable since late 2010: Greece is going to be kicked out of the Euro.  It's a mathematical certainty with the level of debt accrued, interest payments required, and coupled with the shrinking economy from which to pay taxes.  The Greeks will soon be revolting.  The question is how many other countries will join them.

Feel the upwardpressure growing?

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http://finance.yahoo.com/echarts?s=USDJPY%3DX+Interactive#symbol=;range=5y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

There's plenty of JPY available, and it's a good option to jump to.

cny might be a option as well  ;D

That one is entirely on the hands of the commies and they're not shy to admit it. If you know what's their next move then by all means get in there. Otherwise I wouldn't take the risk.

I think the Singaporean Dollar could be a good option. Their economy is doing a hell of a lot better than most Western economies and business is booming in industries such as finance and tech. I've read articles suggesting Singapore will overtake NYC as the financial capital of the world soon. Look at how many wealthy people are moving or already live there, the most recent being that facebook douche.

Right now the USD is worth approx 1.2750 SGD and the SGD is forecast to strengthen going forward.

I was also looking at the Norwegian Krone and the Australian Dollar but both of those seem a lot riskier (Norway will be hit by the EUR going down, Australia is reliant upon China).

chodpaba - that's interesting, I never heard about the Brunei peg. Do you not feel that the SGD will appreciate in the future? I've read a couple of forecasts where it was predicted to eventually hit parity with the USD. Thanks!