Quote from: BestSSS on January 25, 2019, 06:41:46 PM

Quote from: AXELNetwork on January 25, 2019, 03:43:57 PM

These guys say that if there's another global economic crisis like there was in 2008 that the price of Bitcoin can go through the roof:

https://www.youtube.com/watch?v=nShdlDc2B6M

Each such analyst puts forward his version of the price of bitcoin, and everyone looks at him with open mouths and wonder!
This is complete nonsense, why did you take that in the falling stock market, the troubles will pour into the crypto-currency market?? Do you seriously think that losing money on shares investors will begin to shift them to a more volatile cryptocurrency market? It's a fantasy and nothing more.

On the contrary, I am sure that if the us stock exchanges go down then bitcoin is also waiting for an even deeper decline because everyone will start to go to Fiat and wait out the storm!

The analysis in OP video may not be the best example but you are completely crazy to believe people in the US, Europe and UK aren't going to look for a place to store money elsewhere very soon.

Every currency is inflated to the point of $317 Trillion in Global Debt

1 Trillion is a LOT, we didn't even have the word years ago, now it's common because of inflation and debt.

The US stock market went up 10 years. The housing market is supposed to "cool" and the job market their is declining.

This is while Europe is still a mess, during Brexit and China's economy has slowed down. Then we look at South America right now and see the chaos could lead to similar currencies as Africa currently has. While the Western countries are in a huge bubble.

https://medium.com/@lucidfunds/the-long-and-winding-road-to-10-million-bitcoin-4b1c83d26e5d

This guy is not a quack...he's managed billion dollar funds for decades.

Quote

According to The Institute of International Finance (IIF), the total world debt is roughly estimated to be $247 trillion. By the 2018 year end, the total world wealth was estimated to be $317 trillion. But most significantly, total world debt increased 394% over the past 20 years, from $50 trillion to $247 trillion, while total world wealth increased 133% over the same period.

Bitcoin is just a new tool in peoples toolbox, what people move their money to is anyone's guess. It isn't going into stocks or housing over the next few years with all the shaky currencies world wide.