The financial markets are starting to crash, abandon the fiat titanic

[Robert Paulson]

financial markets all over the world are starting to crash after the unsustainable boom caused by money printing.
if this continues the printers will have to start working double shifts to prop the markets back up, destroying their paper currencies in the process.

i urge everyone to at the very least diversify part of their wealth away from papers and into bitcoin/gold before the panic and rush towards the exit starts.

[abs350]

You sir are a nutcase

[247bitcoins]

printed fiat is only a fraction of fiat

it's all digital credits now, fake credits backed by nothing

long live btc

[Wandererfromthenorth]

Money printing?

Bitcoin is more inflationary than fiat since its supply will grow (yearly) more than fiat for many years.


https://en.bitcoin.it/wiki/Controlled_supply


Your argument is invalid.



Also, if financial markets crash all over the world and panic ensues do you think people's first thought will be to put money in a currency that has lost more than 50% of its value in 2014?


Sorry but yours is currently wishful thinking.

[ElectricMucus]

You sir are a nutcase

Says the man with a post count of 3.

Lots of people here still so afraid from being alienated that they don't speak their mind with their main account... Thanks to the Pillars Of The Community here.

[thezerg]

Money printing?

Bitcoin is more inflationary than fiat since its supply will grow (yearly) more than fiat for many years.


https://en.bitcoin.it/wiki/Controlled_supply


Your argument is invalid.



Also, if financial markets crash all over the world and panic ensues do you think people's first thought will be to put money in a currency that has lost more than 50% of it's value in 2014?


Sorry but yours is currently wishful thinking.

Not necessarily... if the glass is empty and you fill it there is no problem.  If the glass is full and you pour in a half-glass of water... problem.

[funtotry]

financial markets all over the world are starting to crash after the unsustainable boom caused by money printing.
if this continues the printers will have to start working double shifts to prop the markets back up, destroying their paper currencies in the process.

i urge everyone to at the very least diversify part of their wealth away from papers and into bitcoin/gold before the panic and rush towards the exit starts.

I think 'markets are crashing' is a bit of an exaggeration. The stock market (as defined by the DJIA) is down by >1% for the year which is hardly a crash.

It is also not declining because of inflation it is declining because of economic uncertainty in Europe. One could argue that the 'market' is concerned that not enough money will be printed

[BrewCrewFan]

Money printing?

Bitcoin is more inflationary than fiat since its supply will grow (yearly) more than fiat for many years.


https://en.bitcoin.it/wiki/Controlled_supply


Your argument is invalid.



Also, if financial markets crash all over the world and panic ensues do you think people's first thought will be to put money in a currency that has lost more than 50% of it's value in 2014?


Sorry but yours is currently wishful thinking.

Not necessarily... if the glass is empty and you fill it there is no problem.  If the glass is full and you pour in a half-glass of water... problem.

The glass is technically not half empty or full, because air fills it so the glass is really full.

[TaunSew]

Very slow growth in North America, almost no growth in Europe and East Asia is slowing down - that's why markets are declining.

Of course nobody wants to grow the economy in the west as it's not profitable enough.  It's more profitable to gamble on real estate and modern art then it is to create a new hyper modern manufacturing with a skilled workforce.  

[nuff]

the current system of money we have now is based on debt. in fact the whole world economy now runs on debt. debt is what keeps the economy growing, but this system is unsustainable and will sooner or later collapse under its own weight. Prices of goods, housing, food - the bare necessities - are rising because the value of fiat is getting smaller. That's inflation for you. The US debt can never be repaid - it will just continue growing bigger and bigger for as long as creditors let it be. When creditors put their foot down and say, "pay me now!" the US can only print more money to repay them, which in turn will flood the markets with even more money, driving the value of the dollar down and prices of things up even more. It's a never ending vicious cycle to an ever deepening bottom from which we can no longer get out of.

[Robert Paulson]

financial markets all over the world are starting to crash after the unsustainable boom caused by money printing.
if this continues the printers will have to start working double shifts to prop the markets back up, destroying their paper currencies in the process.

i urge everyone to at the very least diversify part of their wealth away from papers and into bitcoin/gold before the panic and rush towards the exit starts.

I think 'markets are crashing' is a bit of an exaggeration. The stock market (as defined by the DJIA) is down by >1% for the year which is hardly a crash.

It is also not declining because of inflation it is declining because of economic uncertainty in Europe. One could argue that the 'market' is concerned that not enough money will be printed

its declining because the fed is stopping qe and says its going to increase rates, everyone knows the markets can't stay at these levels if the fed stops printing money.
everyone are starting to dump stocks and sooner or later the fed will have to start an even bigger dose of qe printing which will send the usd into hyperinflation.
now is the time to dump fiat, before everyone else starts running towards the exit.

[Dalmar]

its declining because the fed is stopping qe and says its going to increase rates, everyone knows the markets can't stay at these levels if the fed stops printing money.
everyone are starting to dump stocks and sooner or later the fed will have to start an even bigger dose of qe printing which will send the usd into hyperinflation.
now is the time to dump fiat, before everyone else starts running towards the exit.

These arguments were thrown around after QE1 & 2 and the dollar is still around... The feds are not going to crash the system at least until this presidential cycle is over (2016-2017).

[NotLambchop]

Lol,



Keep trolling

[Robert Paulson]

do as you wish, i did my best to warn you.
the market bubble is about to burst in full force, thats the final stage before the fed starts the mother of all QE which will send the usd into hyperinflation.

[NotLambchop]

Lol, another brainiac beat you to it, with a slightly different twist:

Scientist Predicts 60% Market Collapse

Chris Martenson is a world-renowned expert on identifying dangerous, yet hidden, exponential growth patterns in global economies, energy demand, and food consumption...

And he is predicting a 60% stock market collapse will strike in the next three months.

Martenson’s opinion isn’t to be taken lightly, as his research is highly regarded by the United Nations, UK Parliament, and Fortune 500 companies.

His shocking forecast is based on a new alarming pattern he’s identified — he’s calling it “a dreaded triple top” (pictured below).

I think this gonna be the much needed boost for bitcoin in the comming months.

[Patel]

Looking forward to seeing how bitcoin market does on a stock market crash.

The debt ceiling drama is coming this March, after they postponed it last year. So there should be some good ingredients for a nice panic stew.

[Inedible]

You sir are a nutcase

Says the man with a post count of 3.

Post count is no indicator of the value of an opinion.

If you really believe so then my opinion is two and a half times more valid than yours.

[NotLambchop]

Looking forward to seeing how bitcoin market does on a stock market crash.

The debt ceiling drama is coming this March, after they postponed it last year. So there should be some good ingredients for a nice panic stew.

Lol, why wait?  Enjoy the hysteria in the Bitcoin market nao

[Inedible]

Looking forward to seeing how bitcoin market does on a stock market crash.

The debt ceiling drama is coming this March, after they postponed it last year. So there should be some good ingredients for a nice panic stew.

I want to believe that money will flood into Bitcoin but I suspect it'll be a small bump from people who are already Bitcoin bulls.

People who haven't heard of Bitcoin nor understand it won't rush from what they believe to be a low-risk, low-volatility holding to a high risk, high volatility instrument.

[oshnap]

From those charts it is fairly obvious that a dip is coming and a large one at that. I wouldn't really start worrying until the pullback dips below the long term upward trend(i.e. breaking the long upward trend ~1.2k or so). At that point I would say it is officially okay to don our tinfoil hats and scream about bitcoin in the streets.