All those who replied to this thread posted false information about it, he is obviously reffering to when the economic bubble of US crashed on 2008, and bitcoin did not even exist when it happened, you should know a little bit more about bitcoin history, it was created on 2009, and the first exchanges appeared on 2010.
And i dont think that this "bubble" can be compared to the bubble of 2008, because now we are talking about cryptocurrencies, and i dont think that it can crash like that.
Guys, I think OP is talking about the stock market crash in 2008 when the housing bubble topped. Nothing to do with Bitcoin in 2008, but how would Bitcoin react if we saw a new crash in traditional markets.
So much confusion in this thread
Yes, already pointed that out, but he is asking what will Bitcoin do if that happened "tomorrow"
So this was my response which I firmly believe
A crash like 2008 is a risk off situation. People don't freak out about threat of financial ruin only to take that money and jump right into another, even higher risk asset. That's not to say over time some money won't make its way over to bitcoin, but it won't just funnel straight from one side to the other either. An outright crash in traditional markets may be seen like ww3 in that it will end life as we know it. It would be utterly devastating for many people and businesses, and would likely spoil economy's world wide. I don't think it would be good for Bitcoin... At least not immediately. Obviously there would be speculative rally's as traders who think it would be great, buy before all the laggards, but it will be unsustainable in the longer term and eventually fall back.
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