Quote:
Originally Posted by coffeedude
I always thought that when the stock market falls oil/energy prices tend to rise, it seems that's not the case this time around.
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the fall of the stockmarket have another reason oil price actually help the stockmarkt to not crashing harder.
the reason is that many people have loans and secured them with bonds or stocks.
as the banks saw a rise in the past they gave a lot credit.
rising equities and securities thus provided for more loans which are thus secured. borrowers are overindebted if prices fall.
in the last few weeks, the corresponding index fell to the 2008 level. this circumstance and the absence of the year-end rally make a crash very likely in the very near future.
all that have nothing to do with bitcoin as is never was excepted as as security for loan and if that would be the case the crisis would be already here since 11 month.
bitcoin is not at all influencing or influenced from the economy. it is just a private game where people pay for a big nothing more or less money.
the only thing bitcoin really did was to bring black money back into the circle where it will rotate again and be taxed.