what crash ? economony crisis ?
i think it will be the opposite to the fiat and our economy,
most likely Bitcoin price will be increasing to secure their investment and increase their spot on it.
economy crisis will only affecting a minority(citizen) not the majority(whaes),
most of them still have a power backing their own and their assets around the world.
why it keep increasing even though the crisis affecting the minority ?
because Bitcoin can be owned and manipulated by the majority(whales).
most of them owned more than 1% and can easily pump it as their wish
Topic: 2008 Again - page 2. (Read 639 times)
In January 2009, the bitcoin network came into existence after Satoshi Nakamoto mined the first ever block on the chain, known as the genesis block.
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.
Here the users who have completely into bitcoin for their living as well made everything invested into bitcoin will panic, while the rest won't think much about the price drop. Maybe their additional earning gets affected but will have the hope that it retains. Till date crashes were common, same as that getting recovered is promised reality with bitcoin.
Price will skyrocket in this case. Investors would discover that laws and policy based regulations are inferior comparing to a solution regulated by math.
Manipulations happens on everything speculative, however, in bitcoin world, there are only so much whales can manipulate, and in many parts their actions are visible as transactions in the public ledger.
Manipulations happens on everything speculative, however, in bitcoin world, there are only so much whales can manipulate, and in many parts their actions are visible as transactions in the public ledger.
Imagine if tomorrow occurs a crash like 2008. What do you think will happen to the price of Bitcoin and other cryptocurrencies?
You basically described it in the explanation itself. If there was a crash, then the price of Bitcoin would not be spared. However, I don't think a lot of the holders would be shaken. For most of them, they know that after every drop there will be a come back and after every large rise there will be corrections. For all of these cryptocurrencies, we can expect a similar behavior.
Imagine if tomorrow occurs a crash like 2008. What do you think will happen to the price of Bitcoin and other cryptocurrencies?
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