Post
Topic
Board Economics
Re: Big Crash coming
by
jaysabi
on 26/12/2016, 17:09:01 UTC
I shall weigh in my 1 satoshi worth of opinion here:  it isn't just bitcoin that's survived 2016 intact and strong... look at the British pound and US dollar, each not just surviving their respective "catastrophes" of Brexit and Trump victory but pulling impressive numbers.

Globally, the slump from the oil euphoria of 3 years ago still hasn't quite taken hold.

Instead, economies in Asia took a battering, taking quite a lot of people by surprise.

So in 2017? I think is a year of consolidation.

There has been nothing impressive about the British Pound. It's fallen from a value of $1.46 USD in June to $1.23 now. That's a 15% drop and it's near the bottom, there's been no recovery. A 15% depreciation is massive for a currency. There's nothing there to be thankful for, and it's certainly not "strong."