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Author Topic: A Chronology of Panics, Manias, Crashes and Collapses  (Read 1009 times)
minor-transgression
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July 16, 2017, 09:41:37 PM
 #21

The story about Dionysius as I recall is that when pressed to repay the loans he had
acquired, he called all the Creditors to the Palace, and demanded that they bring
with them the exact amount of debt owed. He the overstamped the coinage with
a two on top of one, and twenty on top of ten. You could sell tickets to watch that :-)

The way things are shaping up in the War on Cash, my expectation is that this time
will be different. Recall that last time, it was possible to hoard cash in advance of
the panic. I suspect that somebody somewhere thinks that removing that lifebelt,
as in India, will somehow cushion the impact of the iceberg on the Titanic, and I
suppose that the exact opposite will be the case.   
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OROBTC
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July 16, 2017, 09:42:32 PM
 #22

Amazing list, now we should definitely create something like this but for bitcoin and/or other cryptocurrencies.
I am afraid however the list would be too long to accumulate limit of the characters in a simple bitcointalk post.
Bitcoin is so hard intertwined with FUD, crazy panic, speculation and paranoia that every day we have someone who thinks tomorrow BTC will be gone.



Yes, it will be interesting to see how the NEXT financial panic happens.  My *guess* (worth little) is that it will be DEBT that breaks us, and causes big problems (worse than 2008 - 2009).

Yet I do not think that Bitcoin will have any impact on any "macro crashes", at least for now and the near future.  BTC is still too small a niche.  The big problems we have are deficit spending (and poorly done & corrupt at that) as well as the accumulated debts.  Large debts almost always cause these historical crashes & panics.
syaripudin
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July 29, 2017, 01:54:41 AM
 #23

Crisis that makes panic. I think that's a lesson. And a hard slap for the government. Where every leader should be able to fix the economic crisis that may be the most complicated issue. This can be a historical documentation that will become history. Where every country has experienced a tremendous financial crisis. At least bitcoin can still be a way out. The number of investors investing in botcoin will make the bitcoin value high. I hope bitcoin can improve the economy in my country. So there is no social imbalance that is too far away. Where the rich get rich. And simoverty is getting poorer



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August 24, 2017, 05:59:09 AM
 #24

Great post.

If anyone is interested in a chronology of headlines and articles surrounding panic, Michael Lewis (author of Moneyball, The Big Short, Flashboys) has a book called (appropriately) Panic

It is a collection of articles from different publications from certain time frames that captured the mood of the times. Interesting to look back on years later
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August 25, 2017, 04:53:55 AM
 #25

Crisis that makes panic. I think that's a lesson. And a hard slap for the government. Where every leader should be able to fix the economic crisis that may be the most complicated issue. This can be a historical documentation that will become history. Where every country has experienced a tremendous financial crisis. At least bitcoin can still be a way out. The number of investors investing in botcoin will make the bitcoin value high. I hope bitcoin can improve the economy in my country. So there is no social imbalance that is too far away. Where the rich get rich. And simoverty is getting poorer
I consider that, all, who is related to the economy of country must count variants at that a crisis will inflict the least losses. Not all pay attention on it. In the total huge losses.
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