Is the NASDAQ about to crash and what are the possible implications for #Bitcoin and #Crypto?

in #bitcoin7 years ago (edited)

I just saw this video by Tyler Jenks. If you have been following his Hyperwave channel this definitely is an interesting watch that raises many questions. (If you haven't here you have a post by @aggroed that explains what it is).

If indeed the NASDAQ was to crash it would line up with other factors pointing to another crisis; the increase in household debt (1, 2, 3), the return of subprime mortgages and possible increase in interest rates (how many people will be able to afford an increase without defaulting?), the stockpiling of silver by relevant players like China, and other behaviours generally present pre-crisis and that show signs of increased short-termism and risk-taking by the financial sector. To this we can add the increased sociopolitical and socioeconomic uncertainty of big players like UK (Brexit) and US (Trump policies) and you have a cocktail that will leave the global economy with a nasty hangover likely to take quite some time to clear. Moreover, in the West, this time interest rates are at historic lows and government debt in the west are at such levels that bailing out the banks would not be practicable, mostly because austerity has caused such cuts that the people would not stand to further debasing of their quality of life. There is no give in the system anymore.

So my question is this. If indeed signs of a finance sector collapse started to show, I would be tempted to take my hard earned fiat out of mainstream finance, and put into crypto... I am wondering how many people out there would do the same, what would you do? Or would you choose to stockpile precious metals or place it into land or bricks and mortar?

If on the other hand the NASDAQ is about to go parabolic what would you do? Would you stick with the cryto you have and wait for the inevitable bubble to burst? Or would you divest into the mainstream markets while the bulls are running?

Would love to hear your opinions, after all they are the best indicators of what is to come... Fundamentals have their place in big events like this.


Steemit thank you banner.png

Sort:  

Follow me follow you 🔝🔝🔝

For future viewers: price of bitcoin at the moment of posting is 8443.90USD

Congratulations @olayar! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 3000 upvotes. Your next target is to reach 4000 upvotes.

Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

Trick or Treat - Publish your scariest halloween story and win a new badge
SteemitBoard notifications improved

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @olayar! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!