Bitcoin is currently the sixth most circulated currency in the world.
Nobel Laureate David Schiller recently stated that bitcoin should be outlawed during a Bloomberg television interview. Just one day after, another Nobel laureate, Robert J. Shiller, shared his view on bitcoin: that it will crash in an event similar to the U.S. stock market crash that preceded the great depression.
The arguments against it revolve around the fact that 95% of Bitcoins in circulation are owned by 4% of the market.
In other words, it is potentially a Ponzi-type situation.
What do the stars say about Bitcoin?
I've studied the effects of the planets on dozens of the biggest winner and loser sites on the net, and invariably they respond very closely to the chart of the registration date of the company on whois.com. By that I mean that they respond very closely to their progressions, solar arcs as well as major outer-planet transits to their charts. One merely has to look up and plot the 10 biggest success and failure stories of the internet era to validate this.
Bitcoin does not have any of the trademark patterns that usually show for companies that go belly-up. It does not look like it will go away, collapse or have any major disruptions for the next decade.
It appears to respond to the January 3, 2009 birth date (and not that of the Satoshi white paper released on November 1, 2008).
Based on that, we see that its progressed Saturn trine Sun peaks right now, end 2017. Aptly, Coinbase has just been ordered to hand over its transactional data for users who have processed in excess of $20,000 per annum to the IRS. Hence some of the effects of its progressed Mars conjunct its Sun the next couple of years.
Beyond that, progressed Jupiter moves to conjunct its Mercury from around 2019 to 2027. Progressed Venus sextile its Sun 2021 to 2023. Progressed Mercury conjunct Venus 2026 and then conjunct Jupiter 2027. Very little on the downside up to around the end of the 20's decade, when progressed Venus conjuncts its natal Saturn. In other words, astrologically, something born on January 3, 2009 has a lot going for it for the next decade.
In the short term, there has been a huge upsurge in the price this year, notably when Saturn and Uranus were in trine aspect and according to historical movements, have helped hold up the global stock markets when many of the leading economists a year or two ago agreed that they should have crashed.
But these two giant planets are now breaking that formation, moving beyond the 5 degree orb that seems to work, and bid farewell to each other, leaving, in my opinion, an abyss below them into which lemmings may fall.
They move beyond the 5 degree trine around December 17, 2017, but it could take a few weeks, possibly right up to the next difficult aspect between the Sun and Jupiter, when they square each other around February 11, 2018. In any event, there is little to hold up the markets in the coming weeks, and with the additional expected downpull on corporates and governments when Saturn enters Capricorn on December 20, it looks like it could be sooner than later.
Adrian Fourie is an astrologer and not an economist. He looked at the positions of the planets to predict the exact date of the October 6, 2008 stock market crash 9 months in advance.
http://web.archive.org/web/20080214110917/http://www.luckydays.tv/stock_markets.html Update January 2, 2008:
Right on cue, the markets started dropping in the new year, after the Sun-Jupiter conjunction a week ago. This is actually getting quite boring. I just want to talk about why I don't think that the markets will crash this year, around Monday, October 6, 2008, even though quite a few of the planetary conditions that cause crashes will be in effect at that time. Primarily, Saturn will be forming its opposition with Uranus: hard Uranus-Saturn aspects have definitely caused crashes and slumps in the past. The Sun will be square to Jupiter. Mercury will be turning retrograde on September 24th. But the reason I don't think it will crash that week is because of the benevolent aspects both Venus and Jupiter will be making to each other and the Sun and Saturn at the same time. This indicates that it is likely that there will be a big scare in the global stock markets around the first week of October, 2008, but that governments (Saturn/Jupiter) will inject massive amounts of money into the markets that will buoy them up for a while longer. Also, it is an even year. I think they will drop about 10 percent...
Pretty much what happened. Fed injected a trillion dollars into the markets just to hold them up. Who knows what would have happened a couple of decades earlier. Probably a "real" crash of about 20-30%. Looking back, the markets dropped 10 percent in the week leading up to October 6, 2008, commonly referred to as the 2008 stock market "crash". (he personally does not think that a 10% drop should be referred to as a crash, merely a correction.)
He thinks that Bitcoin will also correct when the global markets correct in two weeks' time, a correction that could last for a few weeks or even months, but that the long-term prospects for the next decade are outstanding. If you doubt this, just put up charts for January 19 to 22, 2009, which represent Bitcoin when it is 10 to 13 years old, i.e. its standalone charts from 2019 to 2022. You will first see the auspicious Mercury conjunct Jupiter, then Venus conjunct Uranus and the Sun conjunct Jupiter. So, bottom line, according to the stars if you are looking to make long term bets, the correction will be restricted to 2018.
Crash? If you call 10% a crash, it will crash several times. Another name for it is "buying opportunity". Don't touch till then!!
