Author

Topic: Whats going on? (Read 588 times)

legendary
Activity: 1582
Merit: 1064
August 24, 2015, 01:14:18 PM
#5
Bitcoin seems to be reacting as if it were a commodity. The currency vs commodity will continue.
Most commodities are caught in a sell-off which seems to have no bottom.
full member
Activity: 145
Merit: 105
August 24, 2015, 11:19:06 AM
#4
hero member
Activity: 770
Merit: 509
August 24, 2015, 11:16:21 AM
#3
Obviously bitcoin is down, and facing some uneasiness in the near future.

Also, oil is back down and headed to $40, gold/silver is down and predicted to go lower, and stocks worldwide are crashing.  A few weeks back the NYSE hauled trading due to a "glitch".

There's no way these are all just random events.  Many have been calling for another global crash, which seems to never come, but a lot have been saying this fall specifically is when things will start to happen.  There is a lot of info on this topic out there, some political reasons, war predictions, Biblical predictions, and now a lot of strange events seeming to line up and start a lot of financial uneasiness going into September.

So what gives, is this just the start?  I also recall a graph showing very similar stock market movements happening in 1929...

It seems shits going down but we are yet to see to what extent. Im not worried unless things start to becoming really ugly. There's all this shemitah type of nonsense going on I personally think its bollocks, but who knows if actually there is a big crash near. Bitcoin should benefit, it's just the stupid XT debate that is not going to let Bitcoin fully shine in this opportunity.
sr. member
Activity: 490
Merit: 250
August 24, 2015, 11:15:24 AM
#2
There is a theory floating around that that the global economic world will crash on September 29th http://theeconomiccollapseblog.com/archives/the-seven-year-cycle-of-economic-crashes-that-everyone-is-talking-about  but those are just rumors or maybe not ? 
hero member
Activity: 560
Merit: 500
August 24, 2015, 10:57:39 AM
#1
Obviously bitcoin is down, and facing some uneasiness in the near future.

Also, oil is back down and headed to $40, gold/silver is down and predicted to go lower, and stocks worldwide are crashing.  A few weeks back the NYSE hauled trading due to a "glitch".

There's no way these are all just random events.  Many have been calling for another global crash, which seems to never come, but a lot have been saying this fall specifically is when things will start to happen.  There is a lot of info on this topic out there, some political reasons, war predictions, Biblical predictions, and now a lot of strange events seeming to line up and start a lot of financial uneasiness going into September.

So what gives, is this just the start?  I also recall a graph showing very similar stock market movements happening in 1929...
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