It's so annoying to see fear-mongering posts.
Stock markets are not crashing, they are sliding down. NOT crashing.
Fact is, it is a good time to buy stocks because when they drop they will most certainly go back up.
I see this as a opportunity to buy stocks. In fact I did the same thing in 09 when stocks were crashing. I then sold them for a pretty penny.
I don't necessarily see these types of posts as "fear mongering", they are just being realistic and watching what's
actually occurring in our world. While I don't think the terms "crashing" suffices, it will probably rebound... but anyone who has been paying attention to how are economy works and seeing glut of oil and unreliability of the banks, plus definite knowledge of the Fed over printing money all the time; anyone can see that the world economy is going to be majorly devastated sooner or later.
Now the simplistic reasoning that bitcoin is going to go up because most nations fiat systems and stocks are currently going down? Probably not. People on here fail to realize that we (and now other investors as well) are a very small minority of the world who sees bitcoin as a safe haven from the dips that the stocks and so on are doing. Hell... we are still at the point in time where probably 95% of the remaining population of Earth doesn't even know what bitcoin is. It is not as well known as gold... and as you can see, gold is doing very well right now in the market due to this dip in stocks and fiat commodities.
Banks are sitting on record levels of cash these days and have tightened lending standards so I would not call the banks unreliable. Furthermore, they are fairly on top of things considering they are attempting to adopt blockchain technology to reduce overhead and fraud within their systems. The Fed on the other hand has created a ridiculous amount of depth in order to stimulate the economy.