About world crisis and criptocurrency - page 3.

Fulmand

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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.

alfs75

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platform for everyday business

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.

beerlover

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Quote from: Jembut Ireng on October 16, 2017, 05:09:05 AM

The world crisis mostly starts from the financial problem of centralization, this is because of the large number of central bank interventions that make the problem more complicated than the market system or decentralization and cryptocurrency can be the best solution to overcome the global crisis.

This is just on point. Let's call a spade a spade, governments have been responsible for the crisis in the world today as a result of centralization and powerful countries have used this to manipulate a whole lot in the system. Decentralization that bitcoin has brought would obviously make a difference.

Just as it is, I do not see how a global crisis, like financial and economic crisis can be a huge problem as this would even make bitcoin value skyrocket the more. However, for normal crisis, we cannot expect the whole world to be in crisis at the same time unless it is Armageddon.

iamTom123

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

Hello. What will happened with cryptocurrency if it was world crisis? wha do yu think?

Many people are actually wondering about this scenario and there is no concrete answer yet because we still have to undergo a global crisis that can be able to put everything on suspension. However, based on the historical data about gold, many people would be using it as the safe haven in case there would be worldwide crisis. Maybe the same thing will happen with Bitcoin as it is already considered as the digital gold.

In my own personal perspective, I am really inclined to believe that Bitcoin will dramatically surge ahead in case if there would be a big economic problem akin to the 2008 crisis that hit USA. One inkling was what happened at the height of the "word" war between Trump and that fat boy leader of North Korea (I don't care about his strange name never got the time to Google it) there was a marked increase of demand at that time and hence the value spiked. Now the same thing can happen if there would be a major conflict and chaos.

Of course, we should not be wishing for any disruption to happen because it can be painful to many people to be affected.

Jembut Ireng

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The world crisis mostly starts from the financial problem of centralization, this is because of the large number of central bank interventions that make the problem more complicated than the market system or decentralization and cryptocurrency can be the best solution to overcome the global crisis.

AmXProX

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It depends on the world crisis that will arise if it is a global crisis for energy supply. maybe bitcoin will vanish

SaShiRaJaVu

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Quote from: arpon11 on July 19, 2017, 02:30:53 PM

Cryptocurrency has come to resolve most of the financial crisis we are having now. Bitcoin war and others issues we are having may not be resolve by cryptocurrency. My fear for now is during cyber war between big international nations what will happen to the coins world?

Crypto currency wont resolve the financial crises,with the way things are going,if there is a crisis in the world market ,it could affect crypto currency too,but i think people will start trusting crypto currency market more than the conventional market if there is a recession ,during cyber war what can happen to the crypto currency world.

yndye

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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?

People would like to secure their assets in times when there are crisis. Banks will be close so fiat would not be an option. During crisis, people would shift their wealth to something that would still have value even after the crisis and before they would buy more precious metals like gold or silver but since the existence of cryptocurrencies, some people prefer it because they can easily access it anywhere in the world giving them the freedom to have funds everywhere they go and without anyone knowing that they have it. An example would be in Venezuela. They are experiencing hyper inflation now that their fiat money is almost worthless and bitcoin or other altcoin give them an opportunity to have valuable money at times like this.

fiulpro

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I Think in contrary to the replies previously stated people during a world crisis would flock to buy gold or other precious metals or diamonds.. because that's something that has a stable intrinsic value and not that much affected by the economical condition of a country or of world as a whole.
Its price will still stay higher than any other thing that one could think about.
Also bitcoins will most probably fall down in a state like that .because there won't be any money to invest if its a big crisis and the focus will be on paper money or precious metals and stones.

Anfisman

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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?

Monetary Crisis is a condition of worsening financial condition of a country in a certain period of time that is marked by the decline of the national currency exchange rate to the international and skyrocketing prices of basic commodities in the market and the decline in global economic activity. I think if a global crisis happen, then this will also affect the cryptocurrency, for example if the dollar price decreased then the price of cryptocurrency will also decrease.

Yadstiker

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Quote from: bitbunnny on July 19, 2017, 01:42:26 PM

I have the feeling like crisis is ongoing all the time. It's only moving from one part of the world to another. Bitcoin can't help to stop the crisis or even influence it in any way but it can help to the people as an alternative and many have recognized that potential of cryptocurrencies. So people are feeling better knowing they have some back up.

And maybe this is the reason why some people will say bitcoin is the way to prevent crisis or they would probably think that it is their way out to stop crisis. This is only an alternative way to earn, not to stop crisis. Honestly this is always what i've heard almost everywhere, in social medias, or even here in this forum.

Baehr123456789

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one of the reasons Bitcoin was developed was to provide the everyday person an alternative means of storing value or transacting. Another would be taking some control over ones savings/earnings, which previously could not be done. Bitcoin is the first (better) alternative to the existing monetary system outside of precious metals and plain old barter. Moreover, Bitcoin creator Satoshi Nakamo even embedded a Financial Times headline into the first transaction of a block

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When — and not if — a global currency crisis does occur, however, many Bitcoin users believe that the decentralized, border-less, peer-to-peer, and open-access digital currency can serve as a life raft in an ocean of financial calamity. Furthermore, recent global financial system “stresses” such as Brexit, Bank of Japan’s helicopter money plans, and China’s bubble economy are also often accompanied by Bitcoin price upticks. But Antonopoulos doesn’t see this as a positive sign in an event of a full-scale collapse of the global monetary system.

Razick

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OP, you should change the spelling of the title to "cryptocurrency". (that is how it is spelled!)

A world crisis would actually be a great thing for crypto.
After all, Bitcoin is based on personal control of our own money.
Crises put people in a position where they must be self-sufficient... and what is more enabling than crypto for becoming self-sufficient?
Certainly NOT storing fiat in a bank. lol

denis_igorevich

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I read about ERP on blockchain, guys says there that they can breakthrouth about world crisis and criptocurrency. Their site www.darfchain.com, are they say truth?

fanbeila

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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?

Earlier,when economic crisis happened in the world.people had no other chance of investing except gold or like other assets.But now,we have bitcoin and crypto currencies.Already,more people are moving towards bitcoin instead of gold.So,if an economic crisis happens,then bitcoin would be the ultimate choice of people.

PokerFace3

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Quote from: audaciousbeing on July 18, 2017, 09:25:11 AM

The issue here is still rests on the volatility surrounding bitcoin at this time in which no one knows when it will stabilizes and you dont expect people running away from one uncertainty to face another uncertainty which is the reason why a lot of people wont be considering bitcoin as an option except those of us already in it and most people also will also want to share their investment to be partly bitcoin and partly other stable assets like gold as others have suggested.

People really want to have diverse portfolio. They don’t want to rely on just one investment market. Majority wants to have backups. But those especially youngsters who are aware of latest technologies prefer bitcoins over all other kinds of investments. Though they are volatile in nature, but this volatility is their specialty. Volatile nature makes them reach high values. The damn stable nature of gold is making people lose interest in it.

bitllionaire

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Quote from: ladydark on July 20, 2017, 02:46:44 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?

The world has already faced many crashes.But crypto currency has not yet faced such situations.Earlier,people had to move their investments to gold or any other assets during such crisis.But now,people would definitely move their cash to bitcoins if such crisis occurs.Due to it,bitcoin price would go very high.

people even interested in bitcoin without any crash. they are already investing their money in bitcoin. i am sure that soon the bitcoin users will increase more and hope that very soon we will be able to use bitcoin as the main currency for buying everything not only online but even in our local shops also.

ladydark

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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?

The world has already faced many crashes.But crypto currency has not yet faced such situations.Earlier,people had to move their investments to gold or any other assets during such crisis.But now,people would definitely move their cash to bitcoins if such crisis occurs.Due to it,bitcoin price would go very high.

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I think digital currency emergency is ordinary. Presently, individuals are sitting tight for the Aug 1 and after the day. There are potential outcomes that will occur after Aug 1. That 's what makes questionable circumstance for the general population. For a cryptographic currency player, the circumstance is the best time where they can purchase defeat great coins. At the point when the great and stable coins dump, they rush to purchase in mass since they realize that the emergency won't Infinity

Topic: About world crisis and criptocurrency - page 3. (Read 2532 times)