Topic: The international economy is about to crash. Bitcoin WILL explode upwards. - page 4. (Read 8327 times)

When the crash comes it will be a deflationary collapse. Gold and silver are not good investments during a deflation event. They are a good hedge for any economic event, but those who think that gold will go to 10,000 and ounce are wrong and even if it did it would be because the dollar lost its value. So if you had one ounce today at 1,600 and it could buy a barrel of oil then after the devaluation you would have gold valued at 10,000 an ounce and you would be able to buy that same barrel of oil. Same thing in reverse for deflation. The best thing is to be diversified to hedge against either inflation of deflation, but ultimately we will have the biggest deflation the world has ever seen. The best investment during deflation is the dollar. I know I know I hate the dollar too, but during deflationary collapse money is destroyed and as more money is destroyed more people default and more money is destroyed creating a debt deflationary death spiral. Where there is simply not enough money to go around. Then you have a game of musical chairs with less and less seats. So who ever is left holding usd at the end has great buying power. The dollars become scarce and the value rises. That is what happens with money is debt.

So in response to the OP. When the worlds financial system does finally implode the price of btc will fall. No one will have money for weed off the SR. People will be to busy trying to feed their families to worry what nerds on the internet are doing.         

+1

As a plus the show accepts bitcoin donations!

But really, all of this just makes me feel even more secure about my btc and silver. Now if I could only afford gold and guns...

Hold me! 

50% of Americans also believe that the sun revolves around the earth. your point?

I highly doubt this "48% American's judgement.", but the economics is definitely weak

Ya bitcoin is definitely weak in the sense it needs the internet, but I guess if the internet crashes we are all hooped anyways. I got a few oz of silver. If bitcoin moonshots I will definitely move some into PMs.

Possibly more of as much significance for Bitcoin right now is not so much whether and when such a crash will happen but that "64% of all Americans believe the Government is the problem."

What that tells me is there's a massive untapped US Bitcoin userbase ready for it now (or as soon as they understand how Bitcoin fits into this picture).

but but the stock market is on a bull run!

You mean an accasion of TSHTF is coming soon? 

Which in that case, things are about be worse than a dotcom bubble on steroids.

48% of the Americans are ignorant enough not to know tha the crysis as of now is already bigger than the so called Great Depression ('29).

I'm not ready, more time please...

The economy is going to have to restart. If the internet survives, Bitcoin will be the new currency going forward. For those who don't react in time, my condolences.

http://www.youtube.com/watch?feature=player_embedded&v=bYkl3XlEneA

48% of Americans believe another great depression is likely to happen in the next 12 months.