Next Major Bank crash will be THE BEST time for bitcoins.

[botany]

The only thing is not every one will react the same way. Adaptation is slow but sure, it's not going to happen overnight. If a bank collapses the first thought in people's head won't be to run to Bitcoin to save them.

Changing fiat to bitcoin won't be instantaneous as well, especially if you have large amounts.

[Dalmar]

Well, when the Cyprus incident happened it sky rocketed from like 30 to 250, so there is a correlation between crashes and BTC bear rallies.

There were less than 40 Cypriots on Mt.Gox out of the thousands of users, hardly the cause of the rally.

http://laanwj.github.io/gox_analysis/

The Q1 2013 rally was mainly due to price chasing, not due to actual fears of bail ins.

[Wilhelm]

This thread is really stupid. How many people got their money out of Gox or banks that go south.
If you're lucky (like us dutch people) the govenment guarantees you first hundred thousand euros. Not all countries are that nice.


How people think crashes work
------------------------------------------
YEAH!!! When a bank crashes all people will put their money in Bitcoin.


How it really works
------------------------------------------
CRASH!!!......
Get your money out quick ...
Shit site is down, ATMs offline ...
Bank is closed ....
Money is gone and liquidity is sold out....
I'm poor HELP!!!  ....
Tough luck suckerrrrr!!!!!!
No money for bitcoin 

[efreeti]

This thread is really stupid. How many people got their money out of Gox or banks that go south.
If you're lucky (like us dutch people) the govenment guarantees you first hundred thousand euros. Not all countries are that nice.


How people think crashes work
------------------------------------------
YEAH!!! When a bank crashes all people will put their money in Bitcoin.


How it really works
------------------------------------------
CRASH!!!......
Get your money out quick ...
Shit site is down, ATMs offline ...
Bank is closed ....
Money is gone and liquidity is sold out....
I'm poor HELP!!!  ....
Tough luck suckerrrrr!!!!!!
No money for bitcoin 

Good one.

Also like to add one point. When shtf for a country, the last thing on the people mind is bitcoin.

Security, food and survival items will be more important during crisis.

[thefunkybits]

as soon as another Major bank crashes Bitcoins will rise to they sky. so let's hope for a bank to crash lol

It really feels like ecomonic collapse is right around the corner.

However, these things usually take alot longer than we'd like...

Alot of experts are calling for September/October 2015 for the next collapse and I think that's highly possible. The only difference between this one and 2008 is that this will be the big one where the dollar gets taken down along with the bond market, stock market, housing market, and the banks!

There's no better time to stock up on BTC !!

[Biodom]

as soon as another Major bank crashes Bitcoins will rise to they sky. so let's hope for a bank to crash lol

It really feels like ecomonic collapse is right around the corner.

However, these things usually take alot longer than we'd like...

Alot of experts are calling for September/October 2015 for the next collapse and I think that's highly possible. The only difference between this one and 2008 is that this will be the big one where the dollar gets taken down along with the bond market, stock market, housing market, and the banks!

There's no better time to stock up on BTC !!

Economic calamity never happens with interest rates so low (except in Japan), but once Yellen and Draghi boost short term yields to 4-5%, it is possible, but it (going back to 4-5%) may take quite a few years.

[botany]

as soon as another Major bank crashes Bitcoins will rise to they sky. so let's hope for a bank to crash lol

It really feels like ecomonic collapse is right around the corner.

However, these things usually take alot longer than we'd like...

Alot of experts are calling for September/October 2015 for the next collapse and I think that's highly possible. The only difference between this one and 2008 is that this will be the big one where the dollar gets taken down along with the bond market, stock market, housing market, and the banks!

There's no better time to stock up on BTC !!

There can always be further rounds of quantitative easing. 
All the more reason to stock up on bitcoin.

[Coinfan]

The 100,000 euros banking guaranty applies to all the UE, not only to the lucky dutchs.

[spiderbrain]

Economic calamity never happens with interest rates so low

Money printing is the equivalent of negative interest rates, and has a long history of leading to hyperinflation and economic collapse.

[Coinfan]

"Printed" (currently, most of the money is created by adding a 1 and a lot of zeros to bank accounts with the central bank) money is only a part of the monetary mass. If there is a credit crunch, money printing doesn't create inflation and, therefore, there is no negative interest.

No doubt, fine tuning the print of money is hard and can get out of control. Up to now, everything went fine.

[wasserman99]

as soon as another Major bank crashes Bitcoins will rise to they sky. so let's hope for a bank to crash lol

It really feels like ecomonic collapse is right around the corner.

However, these things usually take alot longer than we'd like...

Alot of experts are calling for September/October 2015 for the next collapse and I think that's highly possible. The only difference between this one and 2008 is that this will be the big one where the dollar gets taken down along with the bond market, stock market, housing market, and the banks!

There's no better time to stock up on BTC !!

Economic calamity never happens with interest rates so low (except in Japan), but once Yellen and Draghi boost short term yields to 4-5%, it is possible, but it (going back to 4-5%) may take quite a few years.

In order for them to boost interest rates to be this high, the economy would first need to be much healthier then it is now. I would very much not see this happening in the next few years. They would first need to stop new purchases of additional bonds (QE) before this would even be a possibility. Even with it being a potability there have been several articles that discuss this not working in the same way it has before because of the fact that banks have so many excess reserves.  

[Tual02]

I hope all of them can exist and develop well.