Big Crash coming

[kotwica666]

I don't think we'll see any colossal crash that will make history but we will see something for sure.

The banks are going to abuse the public, just as they did in 2009, and, unless we choose the right leadership in November, we'll be bailing out those exact banks when they do "collapse".

Of course this will only benefit Bitcoin when it does happen, however I don't totally agree that the price will rise to $10,000. I think you just pulled that number up randomly. The price would not soar so quickly but definitely very large.

I would think that very soon, seeing as what has developed in China, Bitcoin will be benefiting from our corrupt markets.

I don't think that global financial crisis will help Bitcoin. I think it could freeze progress. People may be frightened of new solutions at the moment when everything goes down. Good moment for Gold and Diamonds.
I am most afraid about crisis in China. In this country everything can happen, if one day fall into the idea and ban Bitcoin..  Consequences could be terrible.

[1715575221]

1715575221

[Yakamoto]

I don't think we'll see any colossal crash that will make history but we will see something for sure.

The banks are going to abuse the public, just as they did in 2009, and, unless we choose the right leadership in November, we'll be bailing out those exact banks when they do "collapse".

Of course this will only benefit Bitcoin when it does happen, however I don't totally agree that the price will rise to $10,000. I think you just pulled that number up randomly. The price would not soar so quickly but definitely very large.

I would think that very soon, seeing as what has developed in China, Bitcoin will be benefiting from our corrupt markets.

I don't think that global financial crisis will help Bitcoin. I think it could freeze progress. People may be frightened of new solutions at the moment when everything goes down. Good moment for Gold and Diamonds.
I am most afraid about crisis in China. In this country everything can happen, if one day fall into the idea and ban Bitcoin..  Consequences could be terrible.

I was originally going to say that China wouldn't ever be able to effectively ban Bitcoin, but now that I think about it, they probably have one of the better chances of actually being able to suppress Bitcoin.

I would doubt there being any major suppression of Bitcoin without a good reason, but you never know in that country...

[JavaLove]

I don't think we'll see any colossal crash that will make history but we will see something for sure.

The banks are going to abuse the public, just as they did in 2009, and, unless we choose the right leadership in November, we'll be bailing out those exact banks when they do "collapse".

Of course this will only benefit Bitcoin when it does happen, however I don't totally agree that the price will rise to $10,000. I think you just pulled that number up randomly. The price would not soar so quickly but definitely very large.

I would think that very soon, seeing as what has developed in China, Bitcoin will be benefiting from our corrupt markets.

I don't think that global financial crisis will help Bitcoin. I think it could freeze progress. People may be frightened of new solutions at the moment when everything goes down. Good moment for Gold and Diamonds.
I am most afraid about crisis in China. In this country everything can happen, if one day fall into the idea and ban Bitcoin..  Consequences could be terrible.

You could look at it from either way I suppose.

Of course, at first people will be holding back their money, resistant to investing in anything.

But the markets will recover. They always do. They recovered after the Great Depression, and people lost a lot there. We're still recovering from any post 2009 difficulties yet people are investing like crazy, forgot what happened not that long ago.

I don't think that it would make everyone run to Bitcoin, or alt coins for that matter, so quickly however over time a new financial crisis, one that is predicted to be of catastrophic proportions, will emphasize the importance of the only decentralized cryptocurrency, Bitcoin.

Now, China is a totally different story. I think if they were to ban Bitcoin, that would inevitably hurt the currency like crazy because of the amount of transactions and activity coming from that region but there are always loopholes and trust me, a lot of those Bitcoin users in China are going to find a way around the ban.

[kotwica666]

One more very bad signal, this time from India - big emerging market. India's rupee has dropped 4%. This guy know what that mean..
https://twitter.com/steve_hanke/status/705460262086651904

[iram66680]

Big Crash is coming very fast and it looks like China will be first victim. Signals are worse than expected:
http://www.bloomberg.com/news/articles/2016-03-02/china-s-real-estate-frenzy-is-back-as-shenzhen-prices-surge-50

Ok but does this necessarily mean that bitcoin will be inversely affected or can it ever benefit from a economic downturn in the major markets of large economic countries such as china and india?
This I never thought about until now when this subject has come up, since it hasn't been like this since the USA crash of 2008.

[maku]

Big Crash is coming very fast and it looks like China will be first victim. Signals are worse than expected:
http://www.bloomberg.com/news/articles/2016-03-02/china-s-real-estate-frenzy-is-back-as-shenzhen-prices-surge-50

Ok but does this necessarily mean that bitcoin will be inversely affected or can it ever benefit from a economic downturn in the major markets of large economic countries such as china and india?
This I never thought about until now when this subject has come up, since it hasn't been like this since the USA crash of 2008.

While news are not optimistic, it looks like internal Chinese problem this time. I doubt that trouble will reach outside economies of western countries.
But if this real estate crisis will spread on the stock markets an affect currency trading we will have more serious problem.

[Yakamoto]

Big Crash is coming very fast and it looks like China will be first victim. Signals are worse than expected:
http://www.bloomberg.com/news/articles/2016-03-02/china-s-real-estate-frenzy-is-back-as-shenzhen-prices-surge-50

Ok but does this necessarily mean that bitcoin will be inversely affected or can it ever benefit from a economic downturn in the major markets of large economic countries such as china and india?
This I never thought about until now when this subject has come up, since it hasn't been like this since the USA crash of 2008.

While news are not optimistic, it looks like internal Chinese problem this time. I doubt that trouble will reach outside economies of western countries.
But if this real estate crisis will spread on the stock markets an affect currency trading we will have more serious problem.

I'd almost say that we're lucky to have the Chinese trading stops in place, otherwise we might already be in the middle of another 2008 financial crisis.

I doubt the problem will spread now, but it could become an issue if it starts to affect manufacturing.

[kotwica666]

Big Crash is coming very fast and it looks like China will be first victim. Signals are worse than expected:
http://www.bloomberg.com/news/articles/2016-03-02/china-s-real-estate-frenzy-is-back-as-shenzhen-prices-surge-50

Ok but does this necessarily mean that bitcoin will be inversely affected or can it ever benefit from a economic downturn in the major markets of large economic countries such as china and india?
This I never thought about until now when this subject has come up, since it hasn't been like this since the USA crash of 2008.

While news are not optimistic, it looks like internal Chinese problem this time. I doubt that trouble will reach outside economies of western countries.
But if this real estate crisis will spread on the stock markets an affect currency trading we will have more serious problem.

I'd almost say that we're lucky to have the Chinese trading stops in place, otherwise we might already be in the middle of another 2008 financial crisis.

I doubt the problem will spread now, but it could become an issue if it starts to affect manufacturing.

Some economists are even more sceptical and say that what will happen in the coming months will be worse than in 2008/2009.
Many of them speculate that this is last moment to escape and invest in Gold.. some of them add that in Bitcoin too

[ronaldinho_07]

Well some countries were facing problems sometime ago,the fact is that media exposed them on the last two years.Financial problems of each country they will act into the banks system,soo if they do this ,on the next years people will try to find a way to  protect they money,being in gold, being at crypto currencies as bitcoin,the thing is we cant alway pay the  bill of bad management of politicians that steal always money .

[iram66680]

Big Crash is coming very fast and it looks like China will be first victim. Signals are worse than expected:
http://www.bloomberg.com/news/articles/2016-03-02/china-s-real-estate-frenzy-is-back-as-shenzhen-prices-surge-50

Ok but does this necessarily mean that bitcoin will be inversely affected or can it ever benefit from a economic downturn in the major markets of large economic countries such as china and india?
This I never thought about until now when this subject has come up, since it hasn't been like this since the USA crash of 2008.

While news are not optimistic, it looks like internal Chinese problem this time. I doubt that trouble will reach outside economies of western countries.
But if this real estate crisis will spread on the stock markets an affect currency trading we will have more serious problem.

I'd almost say that we're lucky to have the Chinese trading stops in place, otherwise we might already be in the middle of another 2008 financial crisis.

I doubt the problem will spread now, but it could become an issue if it starts to affect manufacturing.

It always comes down to Chinese manufacturing. The world, especially the states, rely too heavily on that sector to do it's business with them. They have become such a powerhouse at making cheap products it is not funny anymore.

[KiwiParty]

I do not know if china is eligible for financial crashs at all.
China has been a traditional communist country, and people dont forget this fast.
They would know how to do business even without money.
Isnt this much too frenzy getting in such a rage because of china?

Furthermore I do not know much about the author of this topic.
Who is he? What kind of person? What do you think of china at all?
Do you want to mock them with such threads?
Do you fear they get too big, and you have to do what they will tell you?
Tell us your fears, but not this one. Thats sensationalism.

[jaysabi]

I don't think we'll see any colossal crash that will make history but we will see something for sure.

The banks are going to abuse the public, just as they did in 2009, and, unless we choose the right leadership in November, we'll be bailing out those exact banks when they do "collapse".

Of course this will only benefit Bitcoin when it does happen, however I don't totally agree that the price will rise to $10,000. I think you just pulled that number up randomly. The price would not soar so quickly but definitely very large.

I would think that very soon, seeing as what has developed in China, Bitcoin will be benefiting from our corrupt markets.

People peddling this fiction that bitcoin is going to thrive in an economic meltdown are completely disconnected from reality. Bitcoin becomes worthless in a world-wide economic meltdown because it can only be used to buy a tiny fraction of the things needed to have a functioning economy. Not to mention the network is currently operating at capacity and literally can't handle any more growth. Have you noticed how long it takes to get a transaction in a block these days? It's a wonder the price has held above $400 under the current network conditions, as all signs are pointing towards slower and slower confirmartions, and therefore less and less utility as a currency.

[Hirose UK]

Just to let you guys know a big crash is coming in 2016 in the economy. There is going to be a huge financial crisis but it will be worse than 2009.

The bitcoin price will skyrocket to over $10,000. However  bitcoin will be banned in all western countries. If you are reading this living in the west you should make preparations to move to Russia or China they are the only places you will be safe owning bitcoins.

The crisis will be so big it will destroy entire countries and in 2017 there will be a civil war in the USA, UK and western europe. After this the world will never be the same again it will change so much by 2020 it will be unrecognizable compared to today.

let me make something clear, have you gone to the future by time machine and seen what happened and then you come back to this year to warn us about this? or this is just opion? because it doesn't make any sense you know the price of bitcoin in the future

[ronaldinho_07]

Just to let you guys know a big crash is coming in 2016 in the economy. There is going to be a huge financial crisis but it will be worse than 2009.

The bitcoin price will skyrocket to over $10,000. However  bitcoin will be banned in all western countries. If you are reading this living in the west you should make preparations to move to Russia or China they are the only places you will be safe owning bitcoins.

The crisis will be so big it will destroy entire countries and in 2017 there will be a civil war in the USA, UK and western europe. After this the world will never be the same again it will change so much by 2020 it will be unrecognizable compared to today.

let me make something clear, have you gone to the future by time machine and seen what happened and then you come back to this year to warn us about this? or this is just opion? because it doesn't make any sense you know the price of bitcoin in the future

Well its just its opinion,no one can predict bitcoin price in a day ,even with a week.This is one of the insane people that maybe believe the world would end in 2014 and as others times they joined saying that.Sure financial problems must be handled by each country to let the people live without worry if the bank will frozen the savings from our life,i believe we can run into bitcoin to avoid this to happen,atleast we will have a part of our cash ,that we can see to other person.

[tyz]

China released its import / export figures for January 2016

"Official figures released in Beijing showed that exports in February were down 25.4% on a year earlier, the worst performance since May 2009, the trough of the global recession. News that imports were down by 13.8% – the 16th successive decline – resulted in a reversal of the recent rally in the price of oil and industrial metals."
http://www.theguardian.com/business/2016/mar/08/mining-shares-fall-china-exports-7-years

[bitbunnny]

Every now and then a big crisis appears that affects most of the world. But some countries are always in crisis, bigger or smaller. This predictions probably don't disturb anyone anymore, we are all used to some form of crisis all the time.

[WendBTC]

I don't think there is going to be an economic crisis, let's not be such pessimists. I think oil price will hit $50 in a matter of time.

[MedaR]

 In China companies owe about 50 percent of the total government debt, most debt comes from state-owned enterprises. Total debt in China, including government, corporate and debts of the population, is 280 percent of gross domestic product (GDP). Total US debt to GDP are 331 percent, and in contrast to other developed countries, the rates are quite high.
So after all US is not only one with problems, we will see where will be most damage..

[markj113]

I don't think there is going to be an economic crisis, let's not be such pessimists. I think oil price will hit $50 in a matter of time.

We are already in a global economic crisis and have been for some time.

Why do you think there has been quantitative easing, zero interest rates, negative interest rates, billions wiped off share prices, banks failing, countries collapsing Greece, Ireland, Brazil, Venezuela etc, the US's 18 record breaking 18 trillion $ debt, baltic dry index lowest in history.

We are right on the edge of global depression.

Think you need to wake up.

[phibay]

Economic crisis....Bitcoin crash....the end of the world happens all the time! The more important thing is how they bounce back. I really hope BTC goes down to 100 dollars and that's when I'll mortgage my house.