Surge in Bankruptcy Filings And Economic Crisis Vs Recession Vs BTC Price - page 3.

Jawhead999

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Quote from: lombok on September 26, 2023, 12:34:23 AM

This will have a negative value if worse things happen when the data is released. This shows that the crisis caused by Covid is still having an impact and has not been handled properly. Printing money is not a solution but this will continue to be done as a temporary solution without realizing that this will continue to make the situation worse.

It's not because Covid anymore, but Russian invasion to Ukraine which still not cleared yet. This make the fuel and foods price increase due to shortage, the best solution is Russian need to back and end this invasion. If it's still continue, we will face more hard time because inflation keep rising.

I think Covid news is already gone, although the infection is still possible.

Zlantann

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Quote from: lombok on September 25, 2023, 10:10:04 PM

And periods like this historically occur before significant stock market crashes. Will this affect the price of BTC too. If the entire market falls, does it rule out the possibility that there will be a sell off too? and of course BTC will also be affected?

Share your opinion

Bitcoin price is determined by the law of demand and supply. If the world economy is in turmoil people might not have money to buy Bitcoin and other might have to dump the coin which means the price will reduce. And the public will prefer to invest in more stable commodities. Unfortunately, Bitcoin is now connected to the global economic system, and financial issues like the performance of stocks and interest rates (especially in the US) affect the price. If the economy of the world crashes the Bitcoin ecosystem will be heavily affected.

Quote from: crwth on September 25, 2023, 10:57:43 PM

I'm pretty worried about BTC now, maybe it's time to cash out? Lol.

It all depends on your buying price and the plan you have for your holdings. Selling now is not an option because it would cause a big loss to some people. I have confidence that regardless of how the price falls, Bitcoin will still rise. it will only take some time and hodlers should have patience.

lombok

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Quote from: Tytanowy Janusz on September 26, 2023, 01:06:24 AM

Quote from: lombok on September 25, 2023, 10:10:04 PM

And periods like this historically occur before significant stock market crashes

WHAT?!

Bankruptcies peaks are at market bottom. The market is always pricing in the future. When things get bad in a company, insiders are the first to sell, dragging prices down. A company's bankruptcy usually occurs at the bottom, when you can't finance yourself by issuing new shares and only retail people are left with the shares, without any knowledge of what's going on. Look at your chart. "2008 great recession" spike is located in 2009 while market dump started in 2007. In 2009 we hit the bottom and started to recover. Same in "2020 covid pandemic crisis". Your chart shows the end of 2020 and the market bottomed in March 2020, i.e. half a year earlier. This chart is an indicator of the bottom and not something that should cause concern.

In general, this means that we are at the bottom of any market, if we look at the history of the picture, which shows that if the graph in the picture starts to decline, it means that the market has started to recover and improve. Maybe for people who don't really understand these graphs like me, they will panic a little, after hearing your explanation, maybe this worry will start to subside.

Tytanowy Janusz

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Quote from: lombok on September 25, 2023, 10:10:04 PM

And periods like this historically occur before significant stock market crashes

WHAT?!

Bankruptcies peaks are at market bottom. The market is always pricing in the future. When things get bad in a company, insiders are the first to sell, dragging prices down. A company's bankruptcy usually occurs at the bottom, when you can't finance yourself by issuing new shares and only retail people are left with the shares, without any knowledge of what's going on. Look at your chart. "2008 great recession" spike is located in 2009 while market dump started in 2007. In 2009 we hit the bottom and started to recover. Same in "2020 covid pandemic crisis". Your chart shows the end of 2020 and the market bottomed in March 2020, i.e. half a year earlier. This chart is an indicator of the bottom and not something that should cause concern.

Beerwizzard

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Well, if we apply technical analysis to the chart then we can say we are approaching a significant resistance level. We may hope the resistance would not be broken and the amount of filings will bounce back. And for the time being, the US economy is doing pretty well. Therefore, if the number of filings don't go further, we may say that we are close to the bottom of the downtrend and within the next year we should see a reversal.

lombok

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Quote from: crwth on September 25, 2023, 10:57:43 PM

I'm pretty worried about BTC now, maybe it's time to cash out? Lol.

cash out at the current BTC price? You are sure? 🤣 I'm sure you have doubts too 😅

Quote from: crwth on September 25, 2023, 10:57:43 PM

This like somewhat trickled my brain because of the possibility of another downfall because of the panic or something. I'm afraid that it could be a different thing or maybe be faster but it's not something that we can really predict unless it happened already. It's always going to be that way.

Since it's about the bankruptcy filings, maybe it's a sign that those startups that started in 2020 could have completely gone bankrupt and not done anymore about it. A lot of ideas have floated and gone so it could be those things as well.

Many young startups cannot survive due to Covid and this is made worse by the still bad economic situation. Even if this happens sooner, I'm sure there is still one place to survive, Gold or Bitcoin, but I doubt stocks.

Quote from: adaseb on September 25, 2023, 11:42:07 PM

Yeah it’s not looking good. Pretty soon the employment data will show this. Many of these are most likely due to the high interest environment.

People got into debt when it was cheap and when it started to rise, they felt the pain and couldn’t keep up. It’s going to be worse since it looks like there will be another hike before the end of the year. And it will get worse if layoffs start to happen.

This will have a negative value if worse things happen when the data is released. This shows that the crisis caused by Covid is still having an impact and has not been handled properly. Printing money is not a solution but this will continue to be done as a temporary solution without realizing that this will continue to make the situation worse.

adaseb

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Yeah it’s not looking good. Pretty soon the employment data will show this. Many of these are most likely due to the high interest environment.

People got into debt when it was cheap and when it started to rise, they felt the pain and couldn’t keep up. It’s going to be worse since it looks like there will be another hike before the end of the year. And it will get worse if layoffs start to happen.

crwth

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This like somewhat trickled my brain because of the possibility of another downfall because of the panic or something. I'm afraid that it could be a different thing or maybe be faster but it's not something that we can really predict unless it happened already. It's always going to be that way.

Since it's about the bankruptcy filings, maybe it's a sign that those startups that started in 2020 could have completely gone bankrupt and not done anymore about it. A lot of ideas have floated and gone so it could be those things as well.

I'm pretty worried about BTC now, maybe it's time to cash out? Lol.

Don Pedro Dinero

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When I registered on the forum the general belief was that a crisis would favour bitcoin but if we see that in March 2020 it went down like all financial assets and that the inflation crisis and rate hikes by central banks have not been good for it either, I doubt that if we enter a crisis like the one in 2008 the price will react well.

What I am pretty sure of, however, is that if that happens the central banks will change their policy, print again as if there is no tomorrow and that will be good for the price of bitcoin, the post-crisis, where much of that printed money will flow into bitcoin.

lombok

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https://twitter.com/WhaleWire/status/1705776976089256341?t=PtzaGiRaDcbdjzwFDYF3Bg&s=19

There is data from WhaleWire regarding the surge in corporate bankruptcy filings which reached the same level as past economic crises such as the Great Recession in 2008 and the pandemic in 2020. This certainly raises concerns for the world economy.

And periods like this historically occur before significant stock market crashes. Will this affect the price of BTC too. If the entire market falls, does it rule out the possibility that there will be a sell off too? and of course BTC will also be affected?

Share your opinion

Topic: Surge in Bankruptcy Filings And Economic Crisis Vs Recession Vs BTC Price - page 3. (Read 294 times)