What do you think is wrong with the bermuda triangle?

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The bermuda triangle has always been a source of mystery to me. Ships sinking, planes disappearing, compasses not working etc has always fascinated me. There are several explanations put forward for these events ranging from alien forces to strange magnetic presence though none can satisfactorily explain all these events. So i say that your guess is as good as mine. I think that there is some powerful magnetic substance under the sea which is causing these accidents. What is your opinion?