Topic: My prediction: Bitcoin will flatline until the big event in 2012 - page 2. (Read 2983 times)
September 27, 2011, 02:34:30 PM
Please expand this. How do you see the precious market then? And why 2012? A Great Depression and WW3 (a 3rd generation war) are very likely to happen.
September 27, 2011, 02:31:26 PM
When the dominoes start to fall in Europe and spread to major world markets, the big one, the depression, I predict this is when many people will suddenly flock to BTC and there will be a huge spike and higher closes each day for a week.
Even precious metals are not immune to the depression as holding will be liquidated, demand for industrial use diminishes etc.
Bitcoin has none of these problems. As the stock market closes lower each day, people will panic to find somewhere where they can stash their money. Bitcoins will be one such area.
Due to the limited size of the market, the price spike will be incredible.
Mark my words, it's coming, some time in 2012.
Even precious metals are not immune to the depression as holding will be liquidated, demand for industrial use diminishes etc.
Bitcoin has none of these problems. As the stock market closes lower each day, people will panic to find somewhere where they can stash their money. Bitcoins will be one such area.
Due to the limited size of the market, the price spike will be incredible.
Mark my words, it's coming, some time in 2012.
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