Bitcoin does there is no crisis. We constantly are seeing prices fall to 30% of the cost. If before bitcoin was worth $ 1000 then it was hundreds of dollars. Now bitcoin is worth almost $ 5,000. It is normal that now falls occur per 1000 dollars.
I don’t think that will in anyway bring a fall to the price of bitcoin. The only thing that I know brings a fall in price of bitcoin is split, and we are expecting another split to take place on November. I don’t even pray for a financial crisis, so it’s never gonna happen. 
Topic: Bitcoin price and financial crisis/downturn (Read 954 times)
Hi,
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
It's hard to know what investors will do in a financial crisis. There will be some people that move money out of stocks and mutual funds and into things like gold and maybe Bitcoin and other cryptocurrencies.
This could hold the value of Bitcoin up, but there is no guarantee that people won't pull money out of Bitcoin as well. They may look for low risk investments like fixed rate bank accounts and gold and silver.
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
It's hard to know what investors will do in a financial crisis. There will be some people that move money out of stocks and mutual funds and into things like gold and maybe Bitcoin and other cryptocurrencies.
This could hold the value of Bitcoin up, but there is no guarantee that people won't pull money out of Bitcoin as well. They may look for low risk investments like fixed rate bank accounts and gold and silver.
I have nurse this thought for quite some time now because it seen bitcoin is overvalued and many holders may sell off they position or convert to another coins. But of recent I got an understanding that people don't want to sell off they position because they seriously believe in bitcoin more than others coins. Bitcoin need to do alot of upward movement because of this fact and using myself as an example I don't think I can sell my position too.
Bitcoin's father may be Satoshi, but the mother of bitcoin was the 2008 global financial crisis. Bitcoin was born to survive such a meltdown. Having said that, I am surprised that bitcoin tends to run with the market rather than counter-market. IMO, a fiat collapse would see bitcoin value rising and diverging from assets like stocks. I would expect it to start tracking with gold in that scenario.
It will be soon recognize just the like how they value gold that's how they will value bitcoin in the near future. As the price of bitcoin will going to rise extremely i have a a lot of thoughts of what will be bitcoin in the future as the value of will grow. The financial crisis will help bitcoin to keep it go stronger as the time passes by.Bitcoin's father may be Satoshi, but the mother of bitcoin was the 2008 global financial crisis. Bitcoin was born to survive such a meltdown. Having said that, I am surprised that bitcoin tends to run with the market rather than counter-market. IMO, a fiat collapse would see bitcoin value rising and diverging from assets like stocks. I would expect it to start tracking with gold in that scenario.
It will be soon recognize just the like how they value gold that's how they will value bitcoin in the near future. As the price of bitcoin will going to rise extremely i have a a lot of thoughts of what will be bitcoin in the future as the value of will grow. The financial crisis will help bitcoin to keep it go stronger as the time passes by. 
Bitcoin's father may be Satoshi, but the mother of bitcoin was the 2008 global financial crisis. Bitcoin was born to survive such a meltdown. Having said that, I am surprised that bitcoin tends to run with the market rather than counter-market. IMO, a fiat collapse would see bitcoin value rising and diverging from assets like stocks. I would expect it to start tracking with gold in that scenario.
Hi,
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
There was the eurozone crisis of 2012/13 where Greece was in trouble and they bailed in the customers of the Cyprus banks. That was the event that brought bitcoin to mainstream attention and the price soared from something like $30 at the start of the crisis to $1000 in 2014 (before falling back to $200 thanks to the Mt Gox debacle).
So yes, a global crisis will make bitcoin soar, especially in EU countries where bail-in rules apply and you could lose all your savings to bailout european banks.
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Bitcoin is an alternate investment type for rest of people who are usually treating investing into dollars/stock as their prime investment vehicles.-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
So, on the event of financial crisis, people will rush into gold kind of "other" investment opportunities where now a days they are having another opportunity with bitcoin investments. When people do not have faith on their local economy then they will go for international opportunities hence we can expect bitcoin to upsurge on the event of global financial crisis.
Hi,
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Interesting scenario.
Actually since bitcoin is decentralized i think that would be what saves bitcoin from being negatively affected by the financial crisis. Usually in the financial crisis, especially if it is inflation based people are looking for a safe currency that would store their wealth in the long run and not having to worry about it in the long run.
Bitcoin is perfect for this purpose. Commodities and stocks will be worst hit, but bitcoin probably will actually going up because of the increase demand in something that people can safely put their wealth in and forget about it and know that nobody can print more of it infinitely.
If the people want more and more bitcoin to buy and save it for their future then financial crises around the world will never affect bitcoin price and value. One thing that if people have no money due to financial crises then its demand may be affect.
Hi, Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation) in case of financial crisis, bitcoin price could:
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable? Thanks.
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable? Thanks.
Last 2008, there was almost a catastrophic collapse of the global financial order due to the banking crisis in America (USA) and it could have spread to other countries had there been no remedies made via the costly bailouts of huge firms using taxpayers' money. The problem was highlighted and it was due to mismanagement and overexposure to risky investments.
Now, had Bitcoin been already existing at that time we could know for sure how the cryptocurrency could behave. Right now, an economic meltdown can be possible and if the main reason can be the same as in 2008, am sure that Bitcoin can stand as the best currency alternative to the fiat money backed by the government as there would be a clear contrast between the two.
A great financial crisis can make Bitcoin more mainstream because there would be a deluge of new investors into it knowing that Bitcoin is now considered to be the digital counterpart of the physical gold. And if the government would be using the same technique of quantitative easing (printing of more paper money) then we can see the big difference between the two and this is an area where Bitcoin can be winning and the fiat money waning.
I think it's because of China's government regulation that prohibits all ICO activities. the impact is very big, but I think it's only temporary and everything will be back to normal in a few days or weeks.
I was just talking about a potential financial crisis on financial markets, not about the dip we are experiencing right now with BTC
Hi,
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Interesting scenario.
Actually since bitcoin is decentralized i think that would be what saves bitcoin from being negatively affected by the financial crisis. Usually in the financial crisis, especially if it is inflation based people are looking for a safe currency that would store their wealth in the long run and not having to worry about it in the long run.
Bitcoin is perfect for this purpose. Commodities and stocks will be worst hit, but bitcoin probably will actually going up because of the increase demand in something that people can safely put their wealth in and forget about it and know that nobody can print more of it infinitely.
If the people want more and more bitcoin to buy and save it for their future then financial crises around the world will never affect bitcoin price and value. One thing that if people have no money due to financial crises then its demand may be affect.
Hi,
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Bitcoin serves just to guarantee your value reserve in the event of a financial crisis in the country.
Back to OP's original question of how Bitcoin has performed in financial crisis, the exact terminology is "asset corelation", whereby there is an assessment of whether the fall or rise in one asset class (EG stocks) will be mirrored by another asset class (gold). Hence there are safehaven assets that are not correlated with traditional investment assets. An example will be gold, which isn't really affected by swings in the stock, currency or bond markets.
Bitcoin does exhibit behaviour similar to gold in that is does not correlate to the movements of stock, bond or currency marlet, hence it does have some merit as a safe haven asset. However unlike gold, there is still a large degree of inherent volatility in bitcoin and crypto in general and only when volatility has decreased, will fund managers truly see bitcoin as an investment safe haven.
Bitcoin does exhibit behaviour similar to gold in that is does not correlate to the movements of stock, bond or currency marlet, hence it does have some merit as a safe haven asset. However unlike gold, there is still a large degree of inherent volatility in bitcoin and crypto in general and only when volatility has decreased, will fund managers truly see bitcoin as an investment safe haven.
Hi,
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
I think it's because of China's government regulation that prohibits all ICO activities. the impact is very big, but I think it's only temporary and everything will be back to normal in a few days or weeks.
Bitcoin is currency, which means that in a financial crisis it will be not affected that much. It is interesting to note that even though bitcoin has not gone through a financial crisis it seems to be publicly released as a countermeasure to the financial crisis of 2008. Very interesting timing.
The hardest hit sectors are usually ones that rely on companies to perform well to generate a profit or government regulations to stay as is, for instance properties, shares, etc. Bitcoin does not.
People won't lose interest in btc when a financial crisis hits. It is considered to be a safe haven, actually. Which makes me think that a financial crisis will actually perhaps positively affect bitcoin as more people knows about it(like in the case of venezuela).
The hardest hit sectors are usually ones that rely on companies to perform well to generate a profit or government regulations to stay as is, for instance properties, shares, etc. Bitcoin does not.
People won't lose interest in btc when a financial crisis hits. It is considered to be a safe haven, actually. Which makes me think that a financial crisis will actually perhaps positively affect bitcoin as more people knows about it(like in the case of venezuela).
Lols, that's exactly why it is going to be affected.
Let's look at bitcoin right now , the market cap is because of the investments in it and usage.
In the case of a financial crisis the investments will go to zero and usage will decline.
What effect do you thin this will have on the price?
Who will run to a safe heaven in the case of a crisis when everybody is bleeding money?
it is normal for bitcoin price to be volatile. But a financial crisis? it might happen if there is a global banning on it. On top of it, the blockchain technology behind the coin is what makes it valuable and gaining more acceptance.
I think the crisis will not happen to bitcoin, instead the less the bitcoin remaining in the mine will make bitcoin expensive.
this will be an opportunity for all of us who want to hold bitcoin in possession
this will be an opportunity for all of us who want to hold bitcoin in possession
Bitcoin does there is no crisis. We constantly are seeing prices fall to 30% of the cost. If before bitcoin was worth $ 1000 then it was hundreds of dollars. Now bitcoin is worth almost $ 5,000. It is normal that now falls occur per 1000 dollars.
Hi,
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
One thing that will safe bitcoin from falling too much is that lits of people want to buy it for first time and any big price fall and they will start buying it. Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Bitcoin is currency, which means that in a financial crisis it will be not affected that much. It is interesting to note that even though bitcoin has not gone through a financial crisis it seems to be publicly released as a countermeasure to the financial crisis of 2008. Very interesting timing.
The hardest hit sectors are usually ones that rely on companies to perform well to generate a profit or government regulations to stay as is, for instance properties, shares, etc. Bitcoin does not.
People won't lose interest in btc when a financial crisis hits. It is considered to be a safe haven, actually. Which makes me think that a financial crisis will actually perhaps positively affect bitcoin as more people knows about it(like in the case of venezuela).
The hardest hit sectors are usually ones that rely on companies to perform well to generate a profit or government regulations to stay as is, for instance properties, shares, etc. Bitcoin does not.
People won't lose interest in btc when a financial crisis hits. It is considered to be a safe haven, actually. Which makes me think that a financial crisis will actually perhaps positively affect bitcoin as more people knows about it(like in the case of venezuela).
Lols, that's exactly why it is going to be affected.
Let's look at bitcoin right now , the market cap is because of the investments in it and usage.
In the case of a financial crisis the investments will go to zero and usage will decline.
What effect do you thin this will have on the price?
Who will run to a safe heaven in the case of a crisis when everybody is bleeding money?
Hi,
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Interesting scenario.
Actually since bitcoin is decentralized i think that would be what saves bitcoin from being negatively affected by the financial crisis. Usually in the financial crisis, especially if it is inflation based people are looking for a safe currency that would store their wealth in the long run and not having to worry about it in the long run.
Bitcoin is perfect for this purpose. Commodities and stocks will be worst hit, but bitcoin probably will actually going up because of the increase demand in something that people can safely put their wealth in and forget about it and know that nobody can print more of it infinitely.
A lot of people are turning their back to gold and going to bitcoin as the neutral asset of choice. Gold has been underperforming for years now. It was supposed to save your ass, and not only that, but make you rich during the 2008 crash, and then all it did was stagnate into nowhereland. Meanwhile Bitcoin was released at that time and has delivered 5 figure % of gains since then, and it continues being the top performing currency/asset every year.
Goldbugs like Peter Schiff will remain on denial no matter how high it goes, but people that don't have a gold business and just want to leverage their risk and get rich doing so, are getting tired of gold and are buying bitcoin. In fact, I don't doubt for a second that even Peter Schiff is secretly holding BTC.
Hi,
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Interesting scenario.
Actually since bitcoin is decentralized i think that would be what saves bitcoin from being negatively affected by the financial crisis. Usually in the financial crisis, especially if it is inflation based people are looking for a safe currency that would store their wealth in the long run and not having to worry about it in the long run.
Bitcoin is perfect for this purpose. Commodities and stocks will be worst hit, but bitcoin probably will actually going up because of the increase demand in something that people can safely put their wealth in and forget about it and know that nobody can print more of it infinitely.
Bitcoin is currency, which means that in a financial crisis it will be not affected that much. It is interesting to note that even though bitcoin has not gone through a financial crisis it seems to be publicly released as a countermeasure to the financial crisis of 2008. Very interesting timing.
The hardest hit sectors are usually ones that rely on companies to perform well to generate a profit or government regulations to stay as is, for instance properties, shares, etc. Bitcoin does not.
People won't lose interest in btc when a financial crisis hits. It is considered to be a safe haven, actually. Which makes me think that a financial crisis will actually perhaps positively affect bitcoin as more people knows about it(like in the case of venezuela).
The hardest hit sectors are usually ones that rely on companies to perform well to generate a profit or government regulations to stay as is, for instance properties, shares, etc. Bitcoin does not.
People won't lose interest in btc when a financial crisis hits. It is considered to be a safe haven, actually. Which makes me think that a financial crisis will actually perhaps positively affect bitcoin as more people knows about it(like in the case of venezuela).
Bitcoin itself won't experience financial crisis as it is not like a company in which they have quarterly earning reports, it is a currency simple as that. But if we are talking about a financial crisis in which a lot of people are liquidating all of there assets then Bitcoin would also be part of it as it is not immune to people who wants to have cash in their hands, also the affect on price of Bitcoin will be bad because it will decrease a lot.
Hi,
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
The bond market will collapse within the next decade pretty much guaranteed due its unsustainable rates, no government will want to deal with that so they will try to come up with laws to try to avoid it which will only delay the inevitable for an even harsher explosion. Once that happens, it will be a chain reaction and even the most hardcore, anti-crypto boomers will be selling their assets and trying to buy anything neutral, then they will learn the lesson and regret not buying BTC earlier.
Peter Schiff will remain in denial for life even after boomers and goldbugs become bitcoiners too.
Hi,
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Dont know why people are obsessed with Bitcoin becoming a bubble, Bitcoin has strong fundamentals most importantly it's decentralised, last time bubble happened cause it was centralized, and there was a greed, overly valuations and with Bitcoins it's not the same, there is no irregular valuations, people are adopting it, countries are using it. I feel it's prices shall remain stable and grow, might come down but not to much, year end low target 3800$ high 5000$. That's the price range for me. Plus with North Korea going berserk who knows how high it could go.
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
While bitcoin is the alternative currency it would perform well if there is a mainstream collapse. Not everything does bad during a downturn. Areas like gambling do great, people have less work and look for different ways to get money. Everytime there is bad news in the mainstream economy we get a little spike on the bitcoin price is a little clue for you.
Well the financial crisis could mean that bitcoin starts being taken more seriously and adopted more in the world. Of course if may make bitcoin value decrease for some time, but if fiat currency gets bad with inflation, then something will have to rescue them, and I believe that cryptocurrency can help in that. Other think is the not acceptance by bankers and corporates and with that ban bitcoin, that would make bitcoin sink probably.
I can imagine many things that could hinder bitcoin growth and cause it to collapse. Government intervention could cause Bitcoin price to collapse rapidly. Let's hope that doesn't happen.
government intervention can cause bitcoin price to collapse (for example by forbidding its use) but government can't kill bitcoin because it is decentralized.
But the question here is rather what financial crisis will do to BTC.
Well the 2008 crash happened because banks were being reckless with their money. Congress wouldn't let them leverage money (gamble with money they don't have.) This would probably increase the value of Bitcoin if anything. If people lose faith in banks then the alternative is bitcoin.
I can imagine many things that could hinder bitcoin growth and cause it to collapse. Government intervention could cause Bitcoin price to collapse rapidly. Let's hope that doesn't happen.
I can imagine many things that could hinder bitcoin growth and cause it to collapse. Government intervention could cause Bitcoin price to collapse rapidly. Let's hope that doesn't happen.
Hi,
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
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