In case your wondering where some of the money is comeing from

[jubalix]

http://www.usdebtclock.org/world-debt-clock.html

see those printers whir and loans get issued!

and this is only a small part of what btc will get

[davis196]

http://www.usdebtclock.org/world-debt-clock.html

see those printers whir and loans get issued!

and this is only a small part of what btc will get

We all know that bitcoin price is being pumped by the biggest bubble ever-the US dollar.
That sad truth is that this bubble will never collapse,because the USA is still very powerful and the world wants to import more goods for the american market,they have no choice other than buying more dollars and that`s how they support the huge dollar printing machine called federal reserve system.

[NUFCrichard]

http://www.usdebtclock.org/world-debt-clock.html

see those printers whir and loans get issued!

and this is only a small part of what btc will get

We all know that bitcoin price is being pumped by the biggest bubble ever-the US dollar.
That sad truth is that this bubble will never collapse,because the USA is still very powerful and the world wants to import more goods for the american market,they have no choice other than buying more dollars and that`s how they support the huge dollar printing machine called federal reserve system.

Never is a long time.  Everything is based on confidence, people believe that America will pay it's debts because they always have.
The same was true for Leyman Brothers and Bear Sterns though, they were over leveraged, but they would be fine because they'd always been fine.

Until 'the market' lost confidence in them.

As soon as that happens, it will be over. It can happen quickly too. People can start to ask for their money back, the US can't pay, so there is a default. That's it, it's over, the whole system would come down!

[Torque]

Never is a long time.  Everything is based on confidence, people believe that America will pay it's debts because they always have.
The same was true for Leyman Brothers and Bear Sterns though, they were over leveraged, but they would be fine because they'd always been fine.

Until 'the market' lost confidence in them.

As soon as that happens, it will be over. It can happen quickly too. People can start to ask for their money back, the US can't pay, so there is a default. That's it, it's over, the whole system would come down!

There's also this 'canary in the coal mine' to keep an eye on:

http://didthesystemcollapse.com/

[BartS]

http://www.usdebtclock.org/world-debt-clock.html

see those printers whir and loans get issued!

and this is only a small part of what btc will get

We all know that bitcoin price is being pumped by the biggest bubble ever-the US dollar.
That sad truth is that this bubble will never collapse,because the USA is still very powerful and the world wants to import more goods for the american market,they have no choice other than buying more dollars and that`s how they support the huge dollar printing machine called federal reserve system.

The US is not producing many things of value, they are not exporters they are net importers, the manufacturing went to China and now they are the world producers, now you may ask why governments keep buying the dollar, this is simple they do not want to crash the system yet, they want to keep it intact as much as possible and benefit with and then crash the system and come on top.

[Youghoor]

That is it. It will never collapse, everybody thinks that the US is the most powerful and biggest country that has ever existed, and that their money is the most stable and strong in all over the world.

That is false, they have probably the most biggest inflation that has ever existed, only that they have the right to do whatever they want with their money.

Probably they are the only country that has never stopped printing money and they still have the same inflation % per year.

But yes, they have the most biggest debt that exists, but they will always be the first potency, and nothing si going to change that.

We all know that bitcoin price is being pumped by the biggest bubble ever-the US dollar.
That sad truth is that this bubble will never collapse,because the USA is still very powerful

[marky89]

We all know that bitcoin price is being pumped by the biggest bubble ever-the US dollar.

There's an element of truth to this, but I'd like to emphasize that US debt accounts for a less than people think. Easy credit obviously provides an easy way into the cryptocurrency markets, and American libertarians like to point to the US economy first. But the elephant in the room is actually China, especially when you consider their historical position in the mining sector and exchange markets.

People with a limited understanding of the situation say that the Chinese economy is a net exporter, and thus that the situation is sustainable. On the contrary, the rise in national output was built on a massive mountain of credit.

Total borrowing climbed to about 260 percent of the economy’s size by the end of 2016, up from 162 percent in 2008, and will hit close to 320 percent by 2021 according to Bloomberg Intelligence estimates. Economy-wide debt levels are on track to rank among "the highest in the world," according to Tom Orlik, BI’s Chief Asia Economist.

That path may be what prompted outgoing People’s Bank of China Governor Zhou Xiaochuan to warn of the risk of a plunge in asset values following a debt binge, or a "Minsky Moment," earlier this month.

There are multiple global credit bubbles waiting to pop. But like 2008, I don't think a systemic collapse is on the cards.

[Hazir]

There are multiple global credit bubbles waiting to pop. But like 2008, I don't think a systemic collapse is on the cards.

If people think that we won't see any more economic collapse and crisis of 2007-2008 is the last one in our modern history, they are gravely mistaken.
Crisis is around the corner, waiting to happen - I expect that we will see before 2020 ever more severe crisis that the one from 10 years ago. Maybe next year.

Interesting article to read: https://www.huffingtonpost.com/tuomas-malinen/are-we-heading-to-a-next_b_9759926.html

[BartS]

We all know that bitcoin price is being pumped by the biggest bubble ever-the US dollar.

There's an element of truth to this, but I'd like to emphasize that US debt accounts for a less than people think. Easy credit obviously provides an easy way into the cryptocurrency markets, and American libertarians like to point to the US economy first. But the elephant in the room is actually China, especially when you consider their historical position in the mining sector and exchange markets.

People with a limited understanding of the situation say that the Chinese economy is a net exporter, and thus that the situation is sustainable. On the contrary, the rise in national output was built on a massive mountain of credit.

Total borrowing climbed to about 260 percent of the economy’s size by the end of 2016, up from 162 percent in 2008, and will hit close to 320 percent by 2021 according to Bloomberg Intelligence estimates. Economy-wide debt levels are on track to rank among "the highest in the world," according to Tom Orlik, BI’s Chief Asia Economist.

That path may be what prompted outgoing People’s Bank of China Governor Zhou Xiaochuan to warn of the risk of a plunge in asset values following a debt binge, or a "Minsky Moment," earlier this month.

There are multiple global credit bubbles waiting to pop. But like 2008, I don't think a systemic collapse is on the cards.

Why you do not think a systemic collapse is on the cards? The economies of the world are even weaker than in that last crisis since the debt they are carrying is huge especially countries like Japan, no country is going to be able to endure the crisis without damage and if one of the powerful countries defaults on his debts the world economy is over.

[hahahafr]

All the money is coming from the air right now, everybody wants to invest in bitcoin before it touches $20000. That is why there is a lot of volume, and there are more buys than sells, on all the exchanges.

It is incredible to watch the prices and see that there is always a green hat on btc price, because i haven't seen a red number for more than ten minutes.


Now, being serious, all the money is probably coming from all that hype that bitcoin futures are receiving from Wall's Street futures and the CME.

[figmentofmyass]

Why you do not think a systemic collapse is on the cards? The economies of the world are even weaker than in that last crisis since the debt they are carrying is huge especially countries like Japan, no country is going to be able to endure the crisis without damage and if one of the powerful countries defaults on his debts the world economy is over.

why would you think "the world economy is over" though? people said the same thing after the 1997 asian financial crisis, which similarly prompted fears of worldwide economic meltdown due to globalization/economic contagion. after that, 2007/2008 was supposed to be the great economic collapse that gold bugs have predicted for decades. but it wasn't. in both cases, the crises were driven by unsustainable debt. in both cases, the contagion was contained and confidence eventually returned to the markets.

i don't think the world economy as such is sustainable. but i learned many years ago to stop predicting collapse all the time. it's a waste of time and energy and you're usually wrong. just hedge your assets and keep stacking bitcoins. it'll pay off eventually.

[BartS]

Why you do not think a systemic collapse is on the cards? The economies of the world are even weaker than in that last crisis since the debt they are carrying is huge especially countries like Japan, no country is going to be able to endure the crisis without damage and if one of the powerful countries defaults on his debts the world economy is over.

why would you think "the world economy is over" though? people said the same thing after the 1997 asian financial crisis, which similarly prompted fears of worldwide economic meltdown due to globalization/economic contagion. after that, 2007/2008 was supposed to be the great economic collapse that gold bugs have predicted for decades. but it wasn't. in both cases, the crises were driven by unsustainable debt. in both cases, the contagion was contained and confidence eventually returned to the markets.

i don't think the world economy as such is sustainable. but i learned many years ago to stop predicting collapse all the time. it's a waste of time and energy and you're usually wrong. just hedge your assets and keep stacking bitcoins. it'll pay off eventually.

Becuase in the past crisis all the world was worried about Greece and Iceland and with all due respect those countries are very small when it comes to their size of their economies if a country like Japan is unable to repay its debt, something that is almost a certainty, then the coming crisis will make the previous crisis looks like the good old times, the current economic system will not be able to manage Japan or a similar big country defaulting on its debts.