Global crisis...

[BCEmporium]

Keeping the current trend, it seams we're heading towards a deep economic crisis, probably in a way that may match 1928. Trust in the markets never been so low. Basically due to turn to old bad practices which lead to 2009's crisis.

So, how do you think Bitcoin will sail through this storm?  Will it excel as a refuge or sink along?
This may also be the first time Bitcoin has to face a real world crisis.

[The Sceptical Chymist]

Nah, not that bad.  I think a lot of what's going on in the market is related to the recent interest rate hike--at least in the US.  If money gets more expensive to borrow, stock prices generally go down.  I don't think what we're seeing is anywhere near as bad as the great depression.  Not even 2009 was that bad.

[BCEmporium]

Sorry for not being so optimistic.
But along with banks resuming their fake profit scams we have oddities going to power everywhere, like the Greek Syriza or the Spanish Podemos, this means people running after populism, public and private debts are out of control. Also the market is stagnant with lack of innovation.

[r0ach]

I've typed a lot about this lately but, it's a deflationary collapse.  In a deflationary collapse, there's a liquidity crisis.  In a liquidity crisis, the weaker, lesser store of value currencies on the spectrum of Gresham's law become high demand because in deflation/stagflation, there's no risk of them really losing value, hence why everyone is buying USD like mad even though it has no fundamentals.  Commodities are a less liquid asset, so they go down.

The interesting part is where some people try to claim gold is a currency while others claim it's a commodity.  Same thing for Bitcoin.  Whatever type of asset it really is has kind of a big effect on where the price goes.  Satoshi called it a currency.  The EU calls it a currency.  The US calls it a commodity.

I should probably have my own TV show.

[markj113]

Nah, not that bad.  I think a lot of what's going on in the market is related to the recent interest rate hike--at least in the US.  If money gets more expensive to borrow, stock prices generally go down.  I don't think what we're seeing is anywhere near as bad as the great depression.  Not even 2009 was that bad.

You think this is all down to a 0.25% raise in interest rates.

3.17 trillion dollars wiped off global stocks so far this year.

The fed has stated they will consider negative interest rates.

Not that bad lol.

[UnDerDoG81]

I wonder if stuff will get more expensive or cheaper when the crisis arrives? Like Computerparts, Graphics Cars etc.? Not sure if to buy now or wait for the crisis?

As about BTC, HODL...

[nicked]

Nah, not that bad.  I think a lot of what's going on in the market is related to the recent interest rate hike--at least in the US.  If money gets more expensive to borrow, stock prices generally go down.  I don't think what we're seeing is anywhere near as bad as the great depression.  Not even 2009 was that bad.

A 0.25% interest rate hike is not what is causing this sell off. Things are going to get a lot worse. A lot worse.

[unent]

I wonder if stuff will get more expensive or cheaper when the crisis arrives? Like Computerparts, Graphics Cars etc.? Not sure if to buy now or wait for the crisis?

As about BTC, HODL...

If the crisis gets worse few people will have the money to buy Computerparts, Graphics Cars etc. It will become a buyers market where sellers keep undercutting each other to try making sales. Your money will go further because everything will get cheaper. Wait to buy and you will get better deals.

[romero121]

Nah, not that bad.  I think a lot of what's going on in the market is related to the recent interest rate hike--at least in the US.  If money gets more expensive to borrow, stock prices generally go down.  I don't think what we're seeing is anywhere near as bad as the great depression.  Not even 2009 was that bad.

A 0.25% interest rate hike is not what is causing this sell off. Things are going to get a lot worse. A lot worse.

Everything is gonna get a price hike just to compensate the market crisis that has started. In such a situation the outbreak of mike too had impacted the growth of bitcoin. Now bitcoin is impacted by market crisis as well as mikes outbreak.

[afbitcoins]

Yes it is a global crisis and its going to get worse before it gets better. Unsustainable debt everywhere, insolvent govts everywhere, interest rates at or near zero which can't be raised, (dont think usa tiny rate hike was anything meaningful)

Current fall in value of bitcoin is not related to global crisis but to normal market correction of recent steep rise. Bitcoin has already proven to be a safe haven when banks and govt start imposing capital controls. Look at Cyprus and more recently China. Presumably govts will eventually try to fight this. They don't want us to escape the debt burden.

Bitcoin, gold, silver, dash and cash all look good to me at the moment. But all run the risk of being outlawed when negative interest rates and war on cash gets real. 

[r0ach]

I think the far right, anti-govt crowd is too loud and out in the open everywhere for any attempt to ban gold again, but you never know.

[romero121]

Yes it is a global crisis and its going to get worse before it gets better. Unsustainable debt everywhere, insolvent govts everywhere, interest rates at or near zero which can't be raised, (dont think usa tiny rate hike was anything meaningful)

Current fall in value of bitcoin is not related to global crisis but to normal market correction of recent steep rise. Bitcoin has already proven to be a safe haven when banks and govt start imposing capital controls. Look at Cyprus and more recently China. Presumably govts will eventually try to fight this. They don't want us to escape the debt burden.

Bitcoin, gold, silver, dash and cash all look good to me at the moment. But all run the risk of being outlawed when negative interest rates and war on cash gets real. 

we can feel the impact to continued for a long term, because once the government impose capital control even the market crisis gets rectified within a short term the capital controls won't be taken back. We are in a long run in the war for cash,btc,dollar,gold.....etc

[Pab]

Keeping the current trend, it seams we're heading towards a deep economic crisis, probably in a way that may match 1928. Trust in the markets never been so low. Basically due to turn to old bad practices which lead to 2009's crisis.

So, how do you think Bitcoin will sail through this storm?  Will it excel as a refuge or sink along?
This may also be the first time Bitcoin has to face a real world crisis.

Yes i agree with you,itwill goes out of  control,total chaos and change,it is the end of industral era and beginig of technology era BTC  all hope in China,only Chinise are able to coparate for btc benefit
But if westerness will fuck up more,thay will pump sell and move some diffrent thing

[n2004al]

Keeping the current trend, it seams we're heading towards a deep economic crisis, probably in a way that may match 1928. Trust in the markets never been so low. Basically due to turn to old bad practices which lead to 2009's crisis.

So, how do you think Bitcoin will sail through this storm?  Will it excel as a refuge or sink along?
This may also be the first time Bitcoin has to face a real world crisis.

I don't know from where come this fatalism, such predictions and such big words without any kind of source but having as arguments only one or two sentences of the OP. Writing four-five sentences about such kind of huge cataclysm seems to me like a joke who want to make in prove how easy the people might believe some bullshit words put without any kind of base, analyse or source in a new thread open to give importance such kind of news. So those sentences must make someone to comment about such predictions according to which the world is near a crisis much big than that of 2008 and that have as a "twin" only the crisis of '30. Beh, cannot write more about this topic... Have no desire to make sarcasm in this moment.

[randy8777]

i think the current investors will simply look into other investment options where they can maintain a safe position but still have a potential profit that they can make. bitcoin may be one of these investments. it's a store of value with very high potential profits. i think that it will make bitcoin swing through the economic difficulties without much problems. i do however think that the economic crisis won't be as severe as you describe it to be as you compare it to 1928.

[afbitcoins]

Keeping the current trend, it seams we're heading towards a deep economic crisis, probably in a way that may match 1928. Trust in the markets never been so low. Basically due to turn to old bad practices which lead to 2009's crisis.

So, how do you think Bitcoin will sail through this storm?  Will it excel as a refuge or sink along?
This may also be the first time Bitcoin has to face a real world crisis.

I don't know from where come this fatalism, such predictions and such big words without any kind of source but having as arguments only one or two sentences of the OP. Writing four-five sentences about such kind of huge cataclysm seems to me like a joke who want to make in prove how easy the people might believe some bullshit words put without any kind of base, analyse or source in a new thread open to give importance such kind of news. So those sentences must make someone to comment about such predictions according to which the world is near a crisis much big than that of 2008 and that have as a "twin" only the crisis of '30. Beh, cannot write more about this topic... Have no desire to make sarcasm in this moment.

E.g.

http://www.zerohedge.com/news/2016-01-16/deflation-monster-has-arrived

[icem3lter]

First of all we are not heading towards a global crisis. The mistakes of 2009 will never be repeated since we have new laws in place to prevent that from happening. Rather this is a time of declining markets, it is in fact a good time to buy stocks because of the dropping price. This market low will definitely rise back up. In 2009 many stocks crashed, that is when I purchased 1000s of shares for cheap prices I then sold them for a pretty penny in 2014.

[markj113]

First of all we are not heading towards a global crisis. The mistakes of 2009 will never be repeated since we have new laws in place to prevent that from happening. Rather this is a time of declining markets, it is in fact a good time to buy stocks because of the dropping price. This market low will definitely rise back up. In 2009 many stocks crashed, that is when I purchased 1000s of shares for cheap prices I then sold them for a pretty penny in 2014.

I think we are on the edge on global crisis.

Fed talk of negative interest rates.

No cargo ships in the North Atlantic transporting goods for the first time in recent history.

How much cash has been pumped into the system since 2009 via QE to artificially prop up the system - just further to fall when it stops.

[afbitcoins]

First of all we are not heading towards a global crisis. The mistakes of 2009 will never be repeated since we have new laws in place to prevent that from happening. Rather this is a time of declining markets, it is in fact a good time to buy stocks because of the dropping price. This market low will definitely rise back up. In 2009 many stocks crashed, that is when I purchased 1000s of shares for cheap prices I then sold them for a pretty penny in 2014.

Stocks still look a wee bit high to me. (from article linked earlier)

[richardsNY]

The economy just doesn't perform as the optimistic people were hoping. At this point nothing special has happened beside the oil price going lower and lower. Stock market prices have been too high and are now comming to more normal prices. It's just the market that gets rid of the speculation in the stock prices.