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Author Topic: The international economy is about to crash. Bitcoin WILL explode upwards.  (Read 8002 times)
The Fool
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February 08, 2013, 06:35:09 AM
 #1

The economy is going to have to restart. If the internet survives, Bitcoin will be the new currency going forward. For those who don't react in time, my condolences.

http://www.youtube.com/watch?feature=player_embedded&v=bYkl3XlEneA

48% of Americans believe another great depression is likely to happen in the next 12 months.
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February 08, 2013, 06:37:37 AM
 #2

I'm not ready, more time please...

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February 08, 2013, 06:40:10 AM
 #3

The economy is going to have to restart. If the internet survives, Bitcoin will be the new currency going forward. For those who don't react in time, my condolences.

http://www.youtube.com/watch?feature=player_embedded&v=bYkl3XlEneA

48% of Americans believe another great depression is likely to happen in the next 12 months.
48% of the Americans are ignorant enough not to know tha the crysis as of now is already bigger than the so called Great Depression ('29).

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
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February 08, 2013, 06:41:56 AM
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The economy is going to have to restart. If the internet survives, Bitcoin will be the new currency going forward. For those who don't react in time, my condolences.

http://www.youtube.com/watch?feature=player_embedded&v=bYkl3XlEneA

48% of Americans believe another great depression is likely to happen in the next 12 months.
48% of the Americans are ignorant enough not to know tha the crysis as of now is already bigger than the so called Great Depression ('29).
Which in that case, things are about be worse than a dotcom bubble on steroids.
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February 08, 2013, 08:06:15 AM
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You mean an accasion of TSHTF is coming soon?  Roll Eyes

                               
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goxed
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February 08, 2013, 08:13:23 AM
 #6

but but the stock market is on a bull run!

Looking to review Bitcoin / Crypto mining Hardware.
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February 08, 2013, 10:19:18 AM
 #7

Possibly more of as much significance for Bitcoin right now is not so much whether and when such a crash will happen but that "64% of all Americans believe the Government is the problem."

What that tells me is there's a massive untapped US Bitcoin userbase ready for it now (or as soon as they understand how Bitcoin fits into this picture).

Please disregard Litecoin and Zcash badges to the left. I have just gathered they are an April fool's joke!
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February 09, 2013, 06:51:57 PM
 #8

Ya bitcoin is definitely weak in the sense it needs the internet, but I guess if the internet crashes we are all hooped anyways. I got a few oz of silver. If bitcoin moonshots I will definitely move some into PMs.

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February 12, 2013, 01:02:46 AM
 #9

The economy is going to have to restart. If the internet survives, Bitcoin will be the new currency going forward. For those who don't react in time, my condolences.

http://www.youtube.com/watch?feature=player_embedded&v=bYkl3XlEneA

48% of Americans believe another great depression is likely to happen in the next 12 months.
I highly doubt this "48% American's judgement.", but the economics is definitely weak
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February 12, 2013, 02:24:54 AM
 #10

Angry


grue
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February 12, 2013, 02:29:56 AM
 #11

48% of Americans believe another great depression is likely to happen in the next 12 months.
50% of Americans also believe that the sun revolves around the earth. your point?

It is pitch black. You are likely to be eaten by a grue.

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Mike Christ
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February 12, 2013, 04:03:37 AM
 #12

Hold me!  Cry

XxionxX
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February 12, 2013, 09:08:55 PM
 #13

I'm not ready, more time please...

+1

As a plus the show accepts bitcoin donations!

But really, all of this just makes me feel even more secure about my btc and silver. Now if I could only afford gold and guns...

FAP Turbo 2.0, the FOREX trading robot which also trades bitcoin!

I had to link it because I love the name. Seriously, that is the real name.
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February 12, 2013, 09:39:09 PM
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When the crash comes it will be a deflationary collapse. Gold and silver are not good investments during a deflation event. They are a good hedge for any economic event, but those who think that gold will go to 10,000 and ounce are wrong and even if it did it would be because the dollar lost its value. So if you had one ounce today at 1,600 and it could buy a barrel of oil then after the devaluation you would have gold valued at 10,000 an ounce and you would be able to buy that same barrel of oil. Same thing in reverse for deflation. The best thing is to be diversified to hedge against either inflation of deflation, but ultimately we will have the biggest deflation the world has ever seen. The best investment during deflation is the dollar. I know I know I hate the dollar too, but during deflationary collapse money is destroyed and as more money is destroyed more people default and more money is destroyed creating a debt deflationary death spiral. Where there is simply not enough money to go around. Then you have a game of musical chairs with less and less seats. So who ever is left holding usd at the end has great buying power. The dollars become scarce and the value rises. That is what happens with money is debt.

So in response to the OP. When the worlds financial system does finally implode the price of btc will fall. No one will have money for weed off the SR. People will be to busy trying to feed their families to worry what nerds on the internet are doing.  Smiley       

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CurbsideProphet
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February 12, 2013, 09:41:26 PM
 #15

48% of Americans believe another great depression is likely to happen in the next 12 months.
50% of Americans also believe that the sun revolves around the earth. your point?

Source?

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February 12, 2013, 09:49:23 PM
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Helicopter Ben and his pals probably won't allow deflation. They seem to have a pathological fear of the 1930s.

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February 12, 2013, 09:54:32 PM
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Helicopter Ben and his pals probably won't allow deflation. They seem to have a pathological fear of the 1930s.

With most of their balance sheet being bonds and the interest rates continuing to creep up, I'm not sure they can stop it.

https://www.bitcoin.org/bitcoin.pdf
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Mike Christ
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February 12, 2013, 09:59:02 PM
 #18

48% of Americans believe another great depression is likely to happen in the next 12 months.
50% of Americans also believe that the sun revolves around the earth. your point?

Source?

I don't know if there's a source for that, but apparently 4/5ths of Americans believe angels exist  Shocked

http://www.cbsnews.com/8301-201_162-57347634/poll-nearly-8-in-10-americans-believe-in-angels/

Kinda old, so maybe that stat has changed Tongue

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February 12, 2013, 10:07:55 PM
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Helicopter Ben and his pals probably won't allow deflation. They seem to have a pathological fear of the 1930s.

With most of their balance sheet being bonds and the interest rates continuing to creep up, I'm not sure they can stop it.

Possibly not, but then again, they can print as many $$$ as they want. Ask Gideon Gono, he knows a thing or two about that. Smiley

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sublime5447
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February 12, 2013, 10:14:44 PM
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Helicopter Ben and his pals probably won't allow deflation. They seem to have a pathological fear of the 1930s.

I agree that is what they have been trying to do is keep us from falling into a new great depression, but it can not be stopped. Our monetary system requires an ever expanding debt. People get mad about the trillion dollar deficits but if they stopped spending the money we would collapse into a new great depression.
gdp last year was about 16 T if we balanced the budget  we would have a 14.8 T gdp which would which would kick start the deflation. The only way that we could have an inflationary collapse (hyper-inflation) is if the banks can loan, but the world has to much debt already. There are excess claims on the underlying wealth. So the money sits in the banks as excess reserves. This will all end badly, but the fed doesnt have the ability to force people to lend or take out loans and therefor doesn't have the power to create a inflationary default. This will end like the great depression only worse and on a worldwide scale. There are only two way for governments to default. It will not inflate the debt away it will write it off and when they do the money supply will contract.   

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