Deutsche Bank: How long before it crashes now?

[thejaytiesto]

It's a matter of time Deutsche Bank collapses, starting a new 2008 event, just worse. Bitcoin will obviously skyrocket as a result, the question is when is it going to face it's inevitable collapse? I reckon it's going to happen anywhere next year.

[xhomerx10]

It's a matter of time Deutsche Bank collapses, starting a new 2008 event, just worse. Bitcoin will obviously skyrocket as a result, the question is when is it going to face it's inevitable collapse? I reckon it's going to happen anywhere next year.

 Don't worry, the US doesn't want to be responsible for another bank bailout - they can't afford it.  They'll simply lower the fine until Germany can bail out Deutsche Bank if required.



I think it will be great for Bitcoin though

[HabBear]

Two questions, apologies if the answers are obvious:

1. Why is Deutsche Bank in such trouble? Why do believe it will fall so easily and so timely?

2. Why will Bitcoin "obviously skyrocket as a result"? More false predictions on this Forum than upticks of the price in a day!

Thanks.

[xhomerx10]

Two questions, apologies if the answers are obvious:

1. Why is Deutsche Bank in such trouble? Why do believe it will fall so easily and so timely?

2. Why will Bitcoin "obviously skyrocket as a result"? More false predictions on this Forum than upticks of the price in a day!

Thanks.

 1. The DoJ levied a fine of $14b against Deutsche Bank for the mis-selling of sub-prime mortgage loans packaged as securities.  They had only set aside about $5b for this inevitability.

 1b. There are still many major banks in the EU that have to face the music.

 2. I'm not sure there is a correlation between the banking sector and Bitcoin although Bitcoin is touted as an alternative to central banking hence it would seem a safer haven when massive fines are being levied on the banks.

 Hey! It's a speculation thread not a rational speculation thread.  DYOD

[LFC_Bitcoin]

It's a matter of time Deutsche Bank collapses, starting a new 2008 event, just worse. Bitcoin will obviously skyrocket as a result, the question is when is it going to face it's inevitable collapse? I reckon it's going to happen anywhere next year.

I hope you're right & bitcoin does prosper from a potential Deutsch Bank crash but how do we know there won't be somebody or something to save their ass?

I know the EU is fucked & will eventually crumble but we all got excited over Cyprus & Greece & they got away with it, bitcoin didn't get anything out of their misfortune.

[xhomerx10]

It's a matter of time Deutsche Bank collapses, starting a new 2008 event, just worse. Bitcoin will obviously skyrocket as a result, the question is when is it going to face it's inevitable collapse? I reckon it's going to happen anywhere next year.

I hope you're right & bitcoin does prosper from a potential Deutsch Bank crash but how do we know there won't be somebody or something to save their ass?

I know the EU is fucked & will eventually crumble but we all got excited over Cyprus & Greece & they got away with it, bitcoin didn't get anything out of their misfortune.

 Bitcoin got exposure from the Greek Crisis.

Greek Cash Crisis Fuels Bitcoin Activity:
 Bitcoin Demand Jumps 500%

08/07/2015
Elliot Maras

 The same type of story ran on Reuter's, The Daily Mail, The Independent, CNN, Bloomberg, The Financial Post, CNBC, The Guardian, Fox News... etc

[sandiman]

DB crash is good for the $, and consequently, bad for bitcoin 

[Denker]

The fine of $14bn had already been reduced to $5.4bn!
I doubt they will let that bank collapse. At least not as quick as many of us here hope.
Furthermore it's not just Deutsche Bank!Other banks having similar issues but get not pushed that much in the media so far.
I'm also not convinced that this could make Bitcoin skyrocketing. Bitcoin will have most and biggest success with it's own progress!!!
A financial collapse however could help to make alternatives like Bitcoin much more noticeable to the public.

[Ayers]

DB crash is good for the $, and consequently, bad for bitcoin  

why good for the $? because euro will be weaker? i think deutesche has crashed also because they offer zero fees on everything but not sure, if that is only the case, and i don't agree on bitcoin, because bitcoin will always have a good run if something in fiat collapse, not the opposite like you said

[sandiman]

DB crash is good for the $, and consequently, bad for bitcoin 

why good for the $? because euro will be weaker? i thinkd eutesche has crashed also because they offer zero fees on everything but not sure, if that is only the case, and i don't agree on bitcoin, because bitcoin will always have a good run if something in fiat collapse, not the opposite like you said

man forget of DB collapsing, it's one of the biggest bank of the world, with the most exposures on derivatives and the most important asset of the dax (probably eurostocks too). It will be rescued what ever happen, close that topic.

[MingLee]

It's a matter of time Deutsche Bank collapses, starting a new 2008 event, just worse. Bitcoin will obviously skyrocket as a result, the question is when is it going to face it's inevitable collapse? I reckon it's going to happen anywhere next year.

They're trying REALLY hard to keep it propped up right now, the media is saying that the DB is looking extremely bad under Merkle's germany. I think it'll be a while before anything big happens with it, however it is certainly shaky and I would say that almost anything can happen with it right now.

Expect the economies of basically everywhere to start getting rough really soon.

[notme]

DB crash is good for the $, and consequently, bad for bitcoin 

DB crash would be bad for the euro and consequently good for bitcoin.  Currency volatility in general is also good for bitcoin since it opens arbitrage opportunities.

[maku]

2. Why will Bitcoin "obviously skyrocket as a result"? More false predictions on this Forum than upticks of the price in a day!

Thanks.

Every time when traditional banking, and finance sector is in trouble - bitcoin as an alternative is gaining. Weak FIAT = strong cryptocurrency.
Fall of Deutsche Bank will undermine people's trust in banks in general - if big bank like this can fall then people's money is not safe anymore.

[var53]

It's a matter of time Deutsche Bank collapses, starting a new 2008 event, just worse. Bitcoin will obviously skyrocket as a result, the question is when is it going to face it's inevitable collapse? I reckon it's going to happen anywhere next year.

I hope you're right & bitcoin does prosper from a potential Deutsch Bank crash but how do we know there won't be somebody or something to save their ass?

I know the EU is fucked & will eventually crumble but we all got excited over Cyprus & Greece & they got away with it, bitcoin didn't get anything out of their misfortune.

Deutsche Bank is Germany's only global bank, and it's big in America. Most worldwide banks have exposure to its debt, and if it falls it could bring them all down. If that happens the new worldwide banking rules let the failed banks bail themselves out by using customer's money to pay off the bank's debts.

No country wants to bail more banks out, so they all agreed to let the banks steal their customer's savings the next time they go bankrupt. There will be no government bailouts next time, and anyone who wants to keep their money safe will be looking at Bitcoin.

[starmman]

Deutsche Bank is too big to fail in my opinion, it will get bailed out if anything shaky happens - I think that the negative press will certainly help the bitcoin price in this kind of situation, you can already see some movement with a lot of the altcoin prices falling as people are moving their funds back to BTC.

[maku]

Deutsche Bank is too big to fail in my opinion, it will get bailed out if anything shaky happens - I think that the negative press will certainly help the bitcoin price in this kind of situation, you can already see some movement with a lot of the altcoin prices falling as people are moving their funds back to BTC.

Deutsche Bank is big, sure, but no company is too big to fall. After economic crisis in 2008 many BIG financial institutions and services fall.
Have you heard about bankruptcy of Lehman Brothers? It was the largest bankruptcy filing in U.S. history, with Lehman holding over $600 billion in assets!
The bigger they are the longer the fall.

Reference: https://en.wikipedia.org/wiki/Bankruptcy_of_Lehman_Brothers

[var53]

Deutsche Bank is too big to fail in my opinion, it will get bailed out if anything shaky happens - I think that the negative press will certainly help the bitcoin price in this kind of situation, you can already see some movement with a lot of the altcoin prices falling as people are moving their funds back to BTC.

Deutsche Bank is big, sure, but no company is too big to fall. After economic crisis in 2008 many BIG financial institutions and services fall.
Have you heard about bankruptcy of Lehman Brothers? It was the largest bankruptcy filing in U.S. history, with Lehman holding over $600 billion in assets!
The bigger they are the longer the fall.

Reference: https://en.wikipedia.org/wiki/Bankruptcy_of_Lehman_Brothers

Satoshi invented Bitcoin to give people a chance of avoiding exposure to another Lehman Brothers like collapse. If Deutsche bank fails people have Bitcoin's safety net, and will flock to it.

[tabnloz]

Two questions, apologies if the answers are obvious:

1. Why is Deutsche Bank in such trouble? Why do believe it will fall so easily and so timely?

2. Why will Bitcoin "obviously skyrocket as a result"? More false predictions on this Forum than upticks of the price in a day!

Thanks.

 1. The DoJ levied a fine of $14b against Deutsche Bank for the mis-selling of sub-prime mortgage loans packaged as securities.  They had only set aside about $5b for this inevitability.

 1b. There are still many major banks in the EU that have to face the music.

 2. I'm not sure there is a correlation between the banking sector and Bitcoin although Bitcoin is touted as an alternative to central banking hence it would seem a safer haven when massive fines are being levied on the banks.

 Hey! It's a speculation thread not a rational speculation thread.  DYOD


Yes the fine levied by the DoJ will be reduced, like with every bank fine. I think the average fine is about 8bn. but anything over the 5bn + any other unplanned for fines (one announced in Italy, not sure if accounted for) puts them in need of a capital raise. That might be hard given the terrible share performance. NIRP is killing regular banks and destroying bloated behemoths like Deutsche, who are being forced to offload assets and trim down (which they have been doing, trimming their notional derivative exposure I believe). And if the German govt tries to step in to help, then other EU states will also be demanding assistance - Spanish & Italian banks are the most problematic in Europe.

Does this help bitcoin? Definitely shouldn't do it any harm, unless it triggers a global panic and becomes sell what you can, not what you want.

[pitham1]

Germany has publicly said that they won't bail out any bank.
But if Deutsche Bank really looks to be collapsing, they will look at alternative means (other than bail out) to prevent its collapse.

[lottery248]

DB crash is good for the $, and consequently, bad for bitcoin 

DB crash would be bad for the euro and consequently good for bitcoin.  Currency volatility in general is also good for bitcoin since it opens arbitrage opportunities.

bitcoin is backed by fiat again, if DB down, fiat down then so do the bitcoin. we need the bitcoin backed by the commodity, before the bank crashes, or the bitcoin is dead again.