About world crisis and criptocurrency - page 2.

BaraxLo

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Quote from: Shutup on November 08, 2017, 10:04:38 AM

Quote from: mozherin1 on July 07, 2017, 02:16:56 PM

Hello

what will happened with cripto currency if it was world crisis?
wha do yu think?

For me l think crypto will fall down also,so maybe people will just wait for the coming up of crypto again.Many people will be affected on this time because people now is hoping for cryptos to have profit and income.

There is no such thing coming so that such a profitable currency will fall and as bitcoin is unstoppable because this bitcoin has proved its world and if the disaster come to the main leading user countries then there will be a slight dump but other region’s investor will buy to give it stability so invest without worry dude btc will stay till there is no human and no internet in this planet. This is impossible till apocalypse.

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Quote from: mozherin1 on July 07, 2017, 02:16:56 PM

Hello

what will happened with cripto currency if it was world crisis?
wha do yu think?

I think the price of Bitcoin will affect the world crisis, it's like the interconnected between world finance and Bitcoin...

lucifochrome

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That will actually depend on what crisis the world is having, if the world is having crisis in terms of electricity or internet connection then most likely bitcoin will drop but if it is about monetary value in each country then bitcoin will rise. That's how bitcoin started anyway, when the economy was down they resulted in cryptocurrency. Same thing will apply if that happens again.

mOgliE

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What do you mean by world crisis?

I mean if it is about a global nuclear war, I think we should not worry about bitcoin. I mean, it will clearly not be a priority!

If you mean dealing with current problems (poverty, hunger, access to clean water, etc), I guess bitcoin could help... The only (big) issue is that in the concerned countries, it can be difficult to have 2 hours of electricity per day. So a computer? No way...

Eventually, I think that crypto currencies can be used as alternative way of financing projects (whatever the projects, not necessarily for the greater good). Actually, this is also why most people are investing in bitcoin: in case it turns out to be very profitable in the future... Will it be? We can hope so! Wink

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Quote from: hase0278 on November 14, 2017, 06:05:51 AM

Quote from: mozherin1 on July 07, 2017, 02:16:56 PM

Hello

what will happened with cripto currency if it was world crisis?
wha do yu think?

If a world crisis were to happen, I am sure some percentage of the population of the world would resort to converting their wealth to cryptocurrency but most would go to what they believe is safe haven, which is gold and other precious metals. They would not even dare to take refuge of their wealth on btc and other crypto because they don't trust it yet. Probably if a crisis happened in the future, people might consider moving into btc if there are more crypto users by that time.

yes i agree on that but everything in this crazy world is really un expectable or maybe unstable nothings really sure in this world .maybe today gold is precious but tomorrow we cant predict it on what would happen that is why if we have savings we must put it in a right and a safe place that is why if crisis will happen we need to convert to btc for good.

hase0278

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Quote from: mozherin1 on July 07, 2017, 02:16:56 PM

Hello

what will happened with cripto currency if it was world crisis?
wha do yu think?

If a world crisis were to happen, I am sure some percentage of the population of the world would resort to converting their wealth to cryptocurrency but most would go to what they believe is safe haven, which is gold and other precious metals. They would not even dare to take refuge of their wealth on btc and other crypto because they don't trust it yet. Probably if a crisis happened in the future, people might consider moving into btc if there are more crypto users by that time.

ask

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for few years bitcoin acting like gold. Price always increase if there is some crisis. Bitcoin like world crisis such as north korea or any other valotility.
Gol and Bitcoin charts going similar everyday.

zeze18

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Now bitcoin is the best solution to improve standard of living and better economic change for all users in various countries, bitcoin contribution is expected to help improve the current global economic crisis. And at least, bitcoin has created employment opportunities for those who really learn bitcoin well and wish to do business in bitcoin.

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Quote from: Naoko on November 08, 2017, 08:58:20 AM

it seems to me that the global crisis can affect the cryptocurrency if it is recognized by the government...and as long as it is decentralized, it will be all right...except that the human panic can affect....

Since the time this concept of cryptocurrency was introduced to this world, we have seen a significant change in the economic condition of the society. In my opinion, bitcoin is going to be the greatest remedy in eliminating this world crisis.

The only thing we need to do is that we need to believe in bitcoin and we actually need to invest in bitcoin. Until and unless we’ll not do this thing, things will not change.

imamimam1234

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World crisis will affect criptocurrency for sure. cryptocurrency will upside down also the market. So it will have no value for a while or maybe for so long. Most of people will be busy to think their existence. The investor will change their mind and begin to invest in food,cure,and heath. CMIIW

HasHe

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Earlier when crisis occurred,people had gold as the only single choice to transfer and store their investments and they bought gold.But now in this new era,people have now crypto currencies especially bitcoin as a safe haven.So half of the people may store their wealth in gold following traditional method while the rest my choose bitcoin as the best asset to store their wealth.

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Quote from: Fulmand on November 07, 2017, 07:57:39 AM

Quote from: alfs75 on October 24, 2017, 05:12:10 PM

Quote from: mozherin1 on July 07, 2017, 02:16:56 PM

Hello

what will happened with cripto currency if it was world crisis?
wha do yu think?

If there huge world crisis in the whole worlds the crypto currency also affected in this kind of dissaster maybe its turns into low investment or some of the investor flew away,but not totally paralyzed the digital currency,until it will recover immediately a few months.its just like when the hard fork comes.

Possible world crisis is the declined of the economy situation in country. If a country produces less of the goods that you will buy for using bitcoin. Cryptocurrency is a virtual economy. So nothing seems to be happen in crypto if crisis would occur.

If world would face some sort of crisis either it is financially or morally the cryptocurrencies would get affected indeed. This is because the first thing to occur possibly is sudden decline in the number of investors form each country which would ultimately lead to the downfall of process and hence the market would crush without any delay.

Therefore the developmental stages are to be improved and maintained at any cost if one wants the virtual currencies to improve their standards and usage with time.

xIIImaL

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Quote from: Hui8 on November 08, 2017, 11:46:32 AM

The world crisis ? Well obviously bitcoin is the part of world and it will go down in the next minute. The reason is simple, due to crisis situation people will always want to have the savings or backing up some money in the secret pot of theirs, which they can get from the bitcoin sell. So there will be first thing which will cause the bitcoin to drop in market cap and that would be world going down in the market cap itself. That would be really drastic changes in the bitcoin and whole crypto community. And no we won’t be able to use it as back up source because it will be devaluated in the next minute of crisis.

Economic crises is the considered via centralized money medium. So since bitcoin is decentralized economy there is no touch with the bitcoin and world crises. 2008 world crises made satoshi to think do something in currency revolution and he passed in it.
If bitcoin is made as a centralized money in every country then all the regulations will be applicable to the bitcoin as well. So you can be careful at that time till that you no need to worry about it.

evilgreed

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Quote from: Hui8 on November 08, 2017, 11:46:32 AM

The world crisis ? Well obviously bitcoin is the part of world and it will go down in the next minute. The reason is simple, due to crisis situation people will always want to have the savings or backing up some money in the secret pot of theirs, which they can get from the bitcoin sell. So there will be first thing which will cause the bitcoin to drop in market cap and that would be world going down in the market cap itself. That would be really drastic changes in the bitcoin and whole crypto community. And no we won’t be able to use it as back up source because it will be devaluated in the next minute of crisis.

Yes obviously when the world market and the economy encounters crisis, then it is expected that cryptocurrencies and other digital currencies will surely go down in moment or maybe for a long time, depending on the situation that maybe could recover the proce for a little bit, but nothing else is for sure, because as what you have said nobody or maybe few will use it for their back up resources, and instead use fiats to survive rather than digital.

Hui8

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The world crisis ? Well obviously bitcoin is the part of world and it will go down in the next minute. The reason is simple, due to crisis situation people will always want to have the savings or backing up some money in the secret pot of theirs, which they can get from the bitcoin sell. So there will be first thing which will cause the bitcoin to drop in market cap and that would be world going down in the market cap itself. That would be really drastic changes in the bitcoin and whole crypto community. And no we won’t be able to use it as back up source because it will be devaluated in the next minute of crisis.

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Quote from: mozherin1 on July 07, 2017, 02:16:56 PM

Hello

what will happened with cripto currency if it was world crisis?
wha do yu think?

Good post .
In the situation of world crisis those who have enough knowledge and sum of bitcoin will turn towards bitcoin for theri safety . But people ( which is most of them ) who are not aware of the crypto currency will still find other reliable resources such as gold , silver , property etc.
For them bitcoin is not physical money and to use gold instead of bitcoin will be more easy for them in the extreme situation of crisis.

Shutup

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Quote from: mozherin1 on July 07, 2017, 02:16:56 PM

Hello

what will happened with cripto currency if it was world crisis?
wha do yu think?

For me l think crypto will fall down also,so maybe people will just wait for the coming up of crypto again.Many people will be affected on this time because people now is hoping for cryptos to have profit and income.

mharz

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Quote from: Naoko on November 08, 2017, 08:58:20 AM

it seems to me that the global crisis can affect the cryptocurrency if it is recognized by the government...and as long as it is decentralized, it will be all right...except that the human panic can affect....

Since bitcoin value are continues increasing, they can only affect the economy of bitcoin in exchange. Because more people in bitcoin community were lost of job especially in signature campaign. Due to continues increasing value of bitcoin in crypto currency society, some signature campaign hold their project because they can't support thru financially their works. Also most of them were closed their company due to lack of funds.

Naoko

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it seems to me that the global crisis can affect the cryptocurrency if it is recognized by the government...and as long as it is decentralized, it will be all right...except that the human panic can affect....

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Quote from: mozherin1 on July 07, 2017, 02:16:56 PM

Hello

what will happened with cripto currency if it was world crisis?
wha do yu think?

Well it depends. A world crisis may very well affect any.market and that includes cryptocurrencies though not as bad as fiat i think. Unless it affects online connection then we have a big problem

Topic: About world crisis and criptocurrency - page 2. (Read 2532 times)