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A comment on Bitcoin Is Now Bigger Than Goldman Sachs and Morgan Stanley. Parent comment

Re:Bitcoin Is Now Bigger Than Goldman Sachs and Morgan Stanley by rothbardrand on Friday October 13, 2017 @01:27PM (#15467614)
Probably easiest to read that as "the stock market" but I mean stocks, bonds, treasuries and other assets. We had market crashes in 2001 and 2008, and there is another one likely in the next couple of years, I expect. Quantitative Easing has given us a fiat bubble across many asset classes, and I expect it will crash, and Bitcoin will be hurt in the short term and then rally in the medium term as the crash continues...

Hope that makes it clearer.

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Re:Bitcoin Is Now Bigger Than Goldman Sachs and Morgan Stanley by sova on Friday October 13, 2017 @02:42PM (#15468253)
That makes it very clear, thank you. So, let's say the Fiat markets go down holistically and people have assets in the Fiat markets like stocks. The market trends downward for a while and people sell their assets to avoid the "crash" or potential "forever loss" of assets. So, people will also likely sell their bitcoins off at this time, and in general the price will be lower for a good sprint.

Thanks for clarifying, I believe I caught your gist.

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Re:Bitcoin Is Now Bigger Than Goldman Sachs and Morgan Stanley by rothbardrand on Friday October 13, 2017 @07:24PM (#15469856)
I expect bitcoin will crash in the early days as well... but it's unclear how long that will be, or whether it will become a safe haven that people start buying again.

Bitcoin is literally a response to the 2008 crisis-- the genesis block has a quote about bank bailouts.

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