Post
Topic
Board Speculation
Re: Equities and Bonds collapsing. Bitcoin UP.
by
nicoin
on 20/06/2013, 16:38:44 UTC
Totally agree that BTC is not ready, far from that. I don't think we have 3 years to get there.

Not sure the US or any other country will be able to delay the inevitable much longer. Cyprus was a tiny bubble compared to what we are discussing here, and you saw the effect. All it will take imho is one sizable bubble to burst (china growth, tech stocks, property, bonds, etc), and trigger a chain reaction thanks to the castle of cards which is shadow banking. A single govt or CB will not be able to isolate their market and currency.

pop. pop. pop.
http://www.globalresearch.ca/the-multi-trillion-dollar-derivative-bubble-deutsche-bank-the-biggest-derivative-exposure-in-the-world/5333472
http://www.businessinsider.com/9-banks-combine-for-over-200-trillion-derivatives-exposure-2012-4

But yes it's musical chairs and no one wants the music to stop. Could go on for a little while, or not. Better get ready, and no I don't mean buying guns and gold and moving to an isolated ranch.

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In potential, yes. But I think it's still too early for that, the collapse has to be postponed for another 3 years or so and then I see bitcoin having a real chance in the economy. The infrastructure is just not there yet, too many obstacles at the moment. This will change, but it needs time. Time it might not get if things get sour too soon in the world economy.
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