When the stock market crashes...

[NUFCrichard]

So the major indexes are all really high now, they look set to fall especially when tapering is announce (I think it will start but have to be cancelled)
When the markets crash, do you expect that some of the money will land in Bitcoin?  I would expect that to happen, but then we are at near ATH levels whilst the markets are flying, so it could be that if they fall, we fall, due to a risk off atmosphere.

[wobber]

I think bitcoin will go down but will very quickly recover. Very hort term is bearish in this case, but medium term == strongly bullish. Actually stock market going down is bullish for bitcoin.

[spiderbrain]

I think this would probably cause the next major step up in the price of bitcoin. This is because (sorry for the long list)

1) The world economy has been on a cascading debt default knife edge since 2008
2) US treasuries and the dollar are at the centre of this madness
3) As long as equities keep growing all this debt is nominally sustainable
4) as soon as markets crash, like 2008, all the money goes looking for somewhere "safe" that can't default
5) problem in 2008 was that the global system is so interdependent and highly leveraged, that there wasn't anywhere. Once the money stops moving it all disappears.
6) resolution "Shh, don't worry about it, we'll all just print money like loons and forget it ever happened"

There was no solution, global digital money is pretty much doomed to disappear into a debt singularity in a matter of a few days if the wind blows in the wrong direction. This used to worry me, until I discovered bitcoin. I think that bitcoin, or cryptocurrencies in general, solve the counterparty default problem in global banking, which is currently solved by a labyrinthine multi-trillion dollar repo and CDS market. It's bonkers. If the global debt market in panic mode ever works out that there is a product which is actually worth more and more as people panic more (like an inverse ETF or CDS) , and it's not possible for the issuing party to default (unlike an inverse ETF or CDS, which is what happened to AIG in 2008) then that's like being able to physically wire hundreds of tons of gold back and forth across the world multiple times a day.

They will want to buy some, and they have more money than most people understand. Trillions, and if bitcoin gets sucked into thath vortex, it will go up a lot. For example, if one months worth of money printing by the fed went into bitcoin, we would be at 7k.

Sorry for the "turbo bull fever dream" but I think it could happen. But if there's one thing which is true about bitcoin, is that no one can say what will happen.

[Hawker]

So the major indexes are all really high now, they look set to fall especially when tapering is announce (I think it will start but have to be cancelled)
When the markets crash, do you expect that some of the money will land in Bitcoin?  I would expect that to happen, but then we are at near ATH levels whilst the markets are flying, so it could be that if they fall, we fall, due to a risk off atmosphere.

There is a global savings glut that means all assets are heavily invested right now. Real estate, shares, bonds and the like are all at record highs and to a much less extent so is Bitcoin.  Even with its current value, Bitcoin is worth less than a London street.  Unless caused by a major economic event, I don't see a stock market fall affecting the price.

[maurya78]

By the same token in the event of other asset markets falling I wouldn't necessarily depict a massive reallocation to btc

[BitcoinAshley]

I think that when the "biggest bubbles ever" (in not only stocks, but also credit, etc) finally collapse, we'll have much bigger problems than what the current price is for a BTC 

BTC is our saviour now but it likely won't be our saviour when the "economic shtf." There are just too many possibilities.

[niothor]

I think that when the "biggest bubbles ever" (in not only stocks, but also credit, etc) finally collapse, we'll have much bigger problems than what the current price is for a BTC 

BTC is our saviour now but it likely won't be our saviour when the "economic shtf." There are just too many possibilities.

Yeah , when millions of people will get unemployed , shops going out of business it's quite hard to imagine Bitcoin saving them , rather going down with them.

[bitleif]

Well, the chance is that if in a SHTF scenario you will get many more Cypruses around the world. The big problem is really that the banks are insolvent, and several countries are talking about "bail-ins" as a solution. If the fear in the populace is mostly targeted at bank stability and people feel their bank accounts are at risk, then that would be VERY bullish for Bitcoin.

[niothor]

Well, the chance is that if in a SHTF scenario you will get many more Cypruses around the world. The big problem is really that the banks are insolvent, and several countries are talking about "bail-ins" as a solution. If the fear in the populace is mostly targeted at bank stability and people feel their bank accounts are at risk, then that would be VERY bullish for Bitcoin.

Lets be honest , if right now banks collapse , bitcoin is going with them. But thats a FUD scenarios
As much as we hate banks 90% of us use banks to buy and sell bitcoins.

[Bitbuy]

Well, the chance is that if in a SHTF scenario you will get many more Cypruses around the world. The big problem is really that the banks are insolvent, and several countries are talking about "bail-ins" as a solution. If the fear in the populace is mostly targeted at bank stability and people feel their bank accounts are at risk, then that would be VERY bullish for Bitcoin.

Lets be honest , if right now banks collapse , bitcoin is going with them. But thats a FUD scenarios
As much as we hate banks 90% of us use banks to buy and sell bitcoins.

Correct, if at THIS point banks collapse, BTC would not be strong enough yet to survive.
And I don't hate banks per se, only the illicit moneygrubbing attitude they have, and the way they weasel out of their responsabilities when their scheming backfires.

[C10H15N]

Most major corporations are in very good shape.  Cash fat, little or no debt, and their labor pools are lean (over worked and under payed).  When the market drops, that will be a prime buying opportunity to purchase quality equities at a good price.

[notme]

Well, the chance is that if in a SHTF scenario you will get many more Cypruses around the world. The big problem is really that the banks are insolvent, and several countries are talking about "bail-ins" as a solution. If the fear in the populace is mostly targeted at bank stability and people feel their bank accounts are at risk, then that would be VERY bullish for Bitcoin.

Lets be honest , if right now banks collapse , bitcoin is going with them. But thats a FUD scenarios
As much as we hate banks 90% of us use banks to buy and sell bitcoins.

Correct, if at THIS point banks collapse, BTC would not be strong enough yet to survive.
And I don't hate banks per se, only the illicit moneygrubbing attitude they have, and the way they weasel out of their responsabilities when their scheming backfires.

If banks collapse, people will lose funds.  This will help them see the value in being their own bank (bitcoin).

[niothor]

Well, the chance is that if in a SHTF scenario you will get many more Cypruses around the world. The big problem is really that the banks are insolvent, and several countries are talking about "bail-ins" as a solution. If the fear in the populace is mostly targeted at bank stability and people feel their bank accounts are at risk, then that would be VERY bullish for Bitcoin.

Lets be honest , if right now banks collapse , bitcoin is going with them. But thats a FUD scenarios
As much as we hate banks 90% of us use banks to buy and sell bitcoins.

Correct, if at THIS point banks collapse, BTC would not be strong enough yet to survive.
And I don't hate banks per se, only the illicit moneygrubbing attitude they have, and the way they weasel out of their responsabilities when their scheming backfires.

If banks collapse, people will lose funds.  This will help them see the value in being their own bank (bitcoin).

The banking infrastructure crashing now will be like cutting bitcoin arms and legs.
Imagine the top exchanges  not accepting wires anymore.
Hmm , credit cards will be gone too , so will paypal , lots of alternatives will be also doomed because they do rely on banks okpay,paysafe,wu , they all rely on banks.
Even Bitpay will be dead.
That's a worst scenario possible.
Buying bitcoins via localbitcoins with cash , common , it's a joke right now!!!

[notme]

Well, the chance is that if in a SHTF scenario you will get many more Cypruses around the world. The big problem is really that the banks are insolvent, and several countries are talking about "bail-ins" as a solution. If the fear in the populace is mostly targeted at bank stability and people feel their bank accounts are at risk, then that would be VERY bullish for Bitcoin.

Lets be honest , if right now banks collapse , bitcoin is going with them. But thats a FUD scenarios
As much as we hate banks 90% of us use banks to buy and sell bitcoins.

Correct, if at THIS point banks collapse, BTC would not be strong enough yet to survive.
And I don't hate banks per se, only the illicit moneygrubbing attitude they have, and the way they weasel out of their responsabilities when their scheming backfires.

If banks collapse, people will lose funds.  This will help them see the value in being their own bank (bitcoin).

The banking infrastructure crashing now will be like cutting bitcoin arms and legs.
Imagine the top exchanges  not accepting wires anymore.
Hmm , credit cards will be gone too , so will paypal , lots of alternatives will be also doomed because they do rely on banks okpay,paysafe,wu , they all rely on banks.
Even Bitpay will be dead.
That's a worst scenario possible.
Buying bitcoins via localbitcoins with cash , common , it's a joke right now!!!

If all that shit goes down, how will people transact?

Bitcoin will be the only option..... not that the scenario we are discussing would ever happen.

[PenAndPaper]

So the major indexes are all really high now, they look set to fall especially when tapering is announce (I think it will start but have to be cancelled)
When the markets crash, do you expect that some of the money will land in Bitcoin?  I would expect that to happen, but then we are at near ATH levels whilst the markets are flying, so it could be that if they fall, we fall, due to a risk off atmosphere.

I haven't noticed a correlation between bitcoin price and stock markets so far. Actually bitcoin price has no correlation with any other financial instrument whatsoever. It's just goes up forever...

[eternaluniverse]

As other currencies become inflated, bitcoin is becoming more and more deflated. People WILL move their money into bitcoin if no major issue comes up in the next 10 years. I can see an international market of online distributors using drones and bitcoin (legal and black market), The more widely bitcoin is accepted the more people will see a motivation to buy in.

[niothor]

Well, the chance is that if in a SHTF scenario you will get many more Cypruses around the world. The big problem is really that the banks are insolvent, and several countries are talking about "bail-ins" as a solution. If the fear in the populace is mostly targeted at bank stability and people feel their bank accounts are at risk, then that would be VERY bullish for Bitcoin.

Lets be honest , if right now banks collapse , bitcoin is going with them. But thats a FUD scenarios
As much as we hate banks 90% of us use banks to buy and sell bitcoins.

Correct, if at THIS point banks collapse, BTC would not be strong enough yet to survive.
And I don't hate banks per se, only the illicit moneygrubbing attitude they have, and the way they weasel out of their responsabilities when their scheming backfires.

If banks collapse, people will lose funds.  This will help them see the value in being their own bank (bitcoin).

The banking infrastructure crashing now will be like cutting bitcoin arms and legs.
Imagine the top exchanges  not accepting wires anymore.
Hmm , credit cards will be gone too , so will paypal , lots of alternatives will be also doomed because they do rely on banks okpay,paysafe,wu , they all rely on banks.
Even Bitpay will be dead.
That's a worst scenario possible.
Buying bitcoins via localbitcoins with cash , common , it's a joke right now!!!

If all that shit goes down, how will people transact?

Bitcoin will be the only option..... not that the scenario we are discussing would ever happen.

Hihihi , it's A a FUD scenario , told ya this before.
And in FUD scenario , thing don't go the way they used to be. transactions? 2 sheeps for a camel.

[notme]

Well, the chance is that if in a SHTF scenario you will get many more Cypruses around the world. The big problem is really that the banks are insolvent, and several countries are talking about "bail-ins" as a solution. If the fear in the populace is mostly targeted at bank stability and people feel their bank accounts are at risk, then that would be VERY bullish for Bitcoin.

Lets be honest , if right now banks collapse , bitcoin is going with them. But thats a FUD scenarios
As much as we hate banks 90% of us use banks to buy and sell bitcoins.

Correct, if at THIS point banks collapse, BTC would not be strong enough yet to survive.
And I don't hate banks per se, only the illicit moneygrubbing attitude they have, and the way they weasel out of their responsabilities when their scheming backfires.

If banks collapse, people will lose funds.  This will help them see the value in being their own bank (bitcoin).

The banking infrastructure crashing now will be like cutting bitcoin arms and legs.
Imagine the top exchanges  not accepting wires anymore.
Hmm , credit cards will be gone too , so will paypal , lots of alternatives will be also doomed because they do rely on banks okpay,paysafe,wu , they all rely on banks.
Even Bitpay will be dead.
That's a worst scenario possible.
Buying bitcoins via localbitcoins with cash , common , it's a joke right now!!!

If all that shit goes down, how will people transact?

Bitcoin will be the only option..... not that the scenario we are discussing would ever happen.

Hihihi , it's A a FUD scenario , told ya this before.
And in FUD scenario , thing don't go the way they used to be. transactions? 2 sheeps for a camel.

What if I don't want a camel and I want a goat.  And the goat guy doesn't want sheep?

It won't be widespread if this were to happen tomorrow, but so long as the internet is still running, some people will be using bitcoin to satisfy their transaction needs.

[PenAndPaper]

As other currencies become inflated, bitcoin is becoming more and more deflated. People WILL move their money into bitcoin if no major issue comes up in the next 10 years. I can see an international market of online distributors using drones and bitcoin (legal and black market), The more widely bitcoin is accepted the more people will see a motivation to buy in.

Again this is a matter of definition so you can't say dollar becomes inflated and bitcoin deflated because you are using a different definition for dollar inflation and another one for bitcoin.