Global stock market selloff has started - page 2.

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

Quote from: Za1n on August 24, 2015, 12:46:31 AM

Quote from: johnyj on August 23, 2015, 10:31:04 PM

http://www.marketwatch.com/story/the-last-great-bubble-may-finally-be-starting-to-pop-2015-08-21

How could bitcoin help?

Bitcoin is now crashing too, this may be the big "it".

This is the most disappointing thing. In principle, something like bitcoin should be resistant to asset price crash, since it is money. When asset crashes, the money value should go up. But now it is only major currency like Euro and Yen goes up. Means that bitcoin is still regarded as assets, not money

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

Quote from: Sumerian on August 23, 2015, 11:51:52 PM

Quote from: coinableS on August 23, 2015, 11:35:07 PM

Quote from: Sumerian on August 23, 2015, 11:31:02 PM

I'm afraid the recession isn't over yet. The media telling us how good the economy is doing all the time (bit too enthousiastic if you ask me). I'm on the verge of buying a house but I'm afraid for the next 10 years.

Don't! My wife and I have been in the market for buying a house for the last year or so, but we've held off so far. Mainly because there is very little inventory and what is available is way over-priced. We're in San Diego and to buy a median priced home right you need $109K/year. Wages aren't keeping up with the prices, shrinking inventory and huge increase in price over the last 12 months; all this indicates we are in a housing bubble. Prices should start falling soon.

I live in The Netherlands and we have the exact same problem. I'm not going to pay my whole salary to my mortgage to live in an average house. Many people aren't even able to buy a house yet. Think I'll just rent. And yes I think the prices are going to fall soon as well.

Most of the houses are built by banks by loaning out money to construction companies. However, they could not find the buyer with enough money, so they lower the interest and give out loans for others to buy, but anyway those people don't have enough income. So banks print money and bought the house that they built with printed money, eventually all the house ownership goes to banks, and the normal people can only rent, so that they will never be free of rent during their whole life. So you either become the rent slave or the loan slave, just because you want some place to live

MinerHQ

legendary

Activity: 1456

Merit: 1023

Quote from: Sumerian on August 23, 2015, 11:31:02 PM

I'm afraid the recession isn't over yet. The media telling us how good the economy is doing all the time (bit too enthousiastic if you ask me). I'm on the verge of buying a house but I'm afraid for the next 10 years.

Nothing to do with recession, china markets in last one year it went up around 100% but that time other markets didn't follow them but now when it is coming down other markets following china.

Za1n

legendary

Activity: 1078

Merit: 1011

Quote from: johnyj on August 23, 2015, 10:31:04 PM

http://www.marketwatch.com/story/the-last-great-bubble-may-finally-be-starting-to-pop-2015-08-21

How could bitcoin help?

Bitcoin is now crashing too, this may be the big "it".

Sumerian

sr. member

Activity: 378

Merit: 250

Quote from: HarHarHar9965 on August 24, 2015, 12:19:52 AM

Quote from: Sumerian on August 23, 2015, 11:51:52 PM

Quote from: coinableS on August 23, 2015, 11:35:07 PM

Quote from: Sumerian on August 23, 2015, 11:31:02 PM

I'm afraid the recession isn't over yet. The media telling us how good the economy is doing all the time (bit too enthousiastic if you ask me). I'm on the verge of buying a house but I'm afraid for the next 10 years.

Don't! My wife and I have been in the market for buying a house for the last year or so, but we've held off so far. Mainly because there is very little inventory and what is available is way over-priced. We're in San Diego and to buy a median priced home right you need $109K/year. Wages aren't keeping up with the prices, shrinking inventory and huge increase in price over the last 12 months; all this indicates we are in a housing bubble. Prices should start falling soon.

I live in The Netherlands and we have the exact same problem. I'm not going to pay my whole salary to my mortgage to live in an average house. Many people aren't even able to buy a house yet. Think I'll just rent. And yes I think the prices are going to fall soon as well.

Some people who have decided where they really want to live, buy the house and pay the money in short EMIs and I think that would be either equal or around as much as the rent you will be paying, if you really want to buy a home, I think that's a smart way. Otherwise, if you're a young lad and yet to settle down, rent out a house with a room mate, it will be pretty economical for ya

I don't want to buy a home that much. I'm hesitant about it. I'm young and I own a business, banks don't like businessowners, relatively. I might wait a few years before I start buying because I'm afraid of what's going to happen the next few years.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: johnyj on August 23, 2015, 10:31:04 PM

http://www.marketwatch.com/story/the-last-great-bubble-may-finally-be-starting-to-pop-2015-08-21

How could bitcoin help?

I know that at some point a big crisis will occur but I really hope that it does not happen yet.

HarHarHar9965

hero member

Activity: 994

Merit: 1000

Quote from: Sumerian on August 23, 2015, 11:51:52 PM

Quote from: coinableS on August 23, 2015, 11:35:07 PM

Quote from: Sumerian on August 23, 2015, 11:31:02 PM

I'm afraid the recession isn't over yet. The media telling us how good the economy is doing all the time (bit too enthousiastic if you ask me). I'm on the verge of buying a house but I'm afraid for the next 10 years.

Don't! My wife and I have been in the market for buying a house for the last year or so, but we've held off so far. Mainly because there is very little inventory and what is available is way over-priced. We're in San Diego and to buy a median priced home right you need $109K/year. Wages aren't keeping up with the prices, shrinking inventory and huge increase in price over the last 12 months; all this indicates we are in a housing bubble. Prices should start falling soon.

I live in The Netherlands and we have the exact same problem. I'm not going to pay my whole salary to my mortgage to live in an average house. Many people aren't even able to buy a house yet. Think I'll just rent. And yes I think the prices are going to fall soon as well.

Some people who have decided where they really want to live, buy the house and pay the money in short EMIs and I think that would be either equal or around as much as the rent you will be paying, if you really want to buy a home, I think that's a smart way. Otherwise, if you're a young lad and yet to settle down, rent out a house with a room mate, it will be pretty economical for ya

Sumerian

sr. member

Activity: 378

Merit: 250

Quote from: coinableS on August 23, 2015, 11:35:07 PM

Quote from: Sumerian on August 23, 2015, 11:31:02 PM

I'm afraid the recession isn't over yet. The media telling us how good the economy is doing all the time (bit too enthousiastic if you ask me). I'm on the verge of buying a house but I'm afraid for the next 10 years.

Don't! My wife and I have been in the market for buying a house for the last year or so, but we've held off so far. Mainly because there is very little inventory and what is available is way over-priced. We're in San Diego and to buy a median priced home right you need $109K/year. Wages aren't keeping up with the prices, shrinking inventory and huge increase in price over the last 12 months; all this indicates we are in a housing bubble. Prices should start falling soon.

I live in The Netherlands and we have the exact same problem. I'm not going to pay my whole salary to my mortgage to live in an average house. Many people aren't even able to buy a house yet. Think I'll just rent. And yes I think the prices are going to fall soon as well.

coinableS

legendary

Activity: 1442

Merit: 1186

Quote from: Sumerian on August 23, 2015, 11:31:02 PM

I'm afraid the recession isn't over yet. The media telling us how good the economy is doing all the time (bit too enthousiastic if you ask me). I'm on the verge of buying a house but I'm afraid for the next 10 years.

Don't! My wife and I have been in the market for buying a house for the last year or so, but we've held off so far. Mainly because there is very little inventory and what is available is way over-priced. We're in San Diego and to buy a median priced home right you need $109K/year. Wages aren't keeping up with the prices, shrinking inventory and huge increase in price over the last 12 months; all this indicates we are in a housing bubble. Prices should start falling soon.

Sumerian

sr. member

Activity: 378

Merit: 250

I'm afraid the recession isn't over yet. The media telling us how good the economy is doing all the time (bit too enthousiastic if you ask me). I'm on the verge of buying a house but I'm afraid for the next 10 years.

coinableS

legendary

Activity: 1442

Merit: 1186

Quote from: Insertion on August 23, 2015, 11:11:37 PM

Quote from: coinableS on August 23, 2015, 10:44:39 PM

It will be interesting to see how US markets open on Monday. I remember leaving work on Friday and the sell off just started here in the US. We will have a "black Monday" tomorrow? They were calling it a correction, but it could likely be a reversal or signal of a new bubble burst.

This morning all asian markets are in full red. China major stock indexes collapsed on Monday morning because of lack of a liquidity triggered a new sell offs. There's no good news stocks are still very expensive in china and there's no fresh money coming in. Surely this sell off will have impact on Monday's US trade as well.

Well that's it then. It will be a black monday in the US as they should follow the rest of the market sentiment. T-minus 9 hours and 12 minutes.

Insertion

full member

Activity: 135

Merit: 100

Quote from: coinableS on August 23, 2015, 10:44:39 PM

It will be interesting to see how US markets open on Monday. I remember leaving work on Friday and the sell off just started here in the US. We will have a "black Monday" tomorrow? They were calling it a correction, but it could likely be a reversal or signal of a new bubble burst.

This morning all asian markets are in full red. China major stock indexes collapsed on Monday morning because of lack of a liquidity triggered a new sell offs. There's no good news stocks are still very expensive in china and there's no fresh money coming in. Surely this sell off will have impact on Monday's US trade as well.

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

This is definitely not a correction if FED is going to hike rate in the coming months. The stock market only goes up when FED print money, it has been like this for decades

China already crashed 8%+ after half of the trading day

For bitcoin this should be a tough test. Usually when asset crashes, money's value goes up, but since no one sell assets for bitcoin, it will most likely not benefit from the asset selloff, but negatively affected by the USD liquidity problem

I'm still waiting for the day when USD crashes hard, but it seems highly unlikely in current market. It's amazing those paper created out of nothing hold their value extremely well especially during a crisis. Money is wealth, this is the strongest evidence. Otherwise you can not explain why people crazily selloff their assets in exchange for money. It is not only wealth, but the most trustworthy wealth in people's mind

coinableS

legendary

Activity: 1442

Merit: 1186

It will be interesting to see how US markets open on Monday. I remember leaving work on Friday and the sell off just started here in the US. We will have a "black Monday" tomorrow? They were calling it a correction, but it could likely be a reversal or signal of a new bubble burst.

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

http://www.marketwatch.com/story/the-last-great-bubble-may-finally-be-starting-to-pop-2015-08-21

How could bitcoin help?

Topic: Global stock market selloff has started - page 2. (Read 1806 times)