Do Not Pray for an Economic Crisis! | Bitcointalksearch.org

sunsilk

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Quote from: Reatim on July 17, 2020, 04:02:34 AM

Quote from: sunsilk on July 16, 2020, 03:49:00 AM

Nobody knows. I think the price was expected to fall with the covid19 and economic crisis that we have. Despite that, bitcoin showed its toughness.

It Is the investors that made Bitcoin Price tough in this situation,Imagine that all of use will stop Holding bitcoin and just sell all our holdings?
This may result to total fall of this great currency so this is affecting us also mate,We are the one responsible on this matter.

I'm only describing as a whole thing about bitcoin and we're part of it and you are right, everyone's participation of making it stable and tough in this time is credited as contribution.

Quote from: Reatim on July 17, 2020, 04:02:34 AM

Quote from: sunsilk on July 16, 2020, 03:49:00 AM

During the halving, many thought that price will tank as part of the pattern that we knew before. And with the crisis, so that should be a combination of both factors to push bitcoin in tanking but it didn't.

Actually this pandemic makes all of this.

we have a great start This year playing from $8,000-$10,000 but when the Covid19 comes?everything
ends nothing but back to the $9,000 level.

You skipped the March, it was a tragic month for bitcoin but covid19 was also on the news during that time and the world starts to be alerted by it.

Nhor1011

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Quote from: Husires on July 16, 2020, 03:30:49 AM

What would the price be if an Economic Crisis occurred?

Bitcoin was launched 2009 and we have not witnessed many economic disasters except that occurred recently when CovID-19 pandemic was announced.

We realized that if there is an Economic Crisis and people lose their jobs, people will buy coins to put food on the table. They will not think about investing but will have enough money to save.

The price increased spectacularly from early 2016 to the end of 2017, the same saw the stock market and S&P500 improve by 50%.

Why is that your subject? Do you think that there is a person praying to have an economic crisis? I think nobody want the economic crisis because not only one but all of us will become affected. Like now that covid virus spreading everywhere and evry countries economic are going to collapse ,who will be the primary affected ,of course every people in the community. It's really difficult situation we are currently facing. Bitcoin and other cryptocurrency can help us this time if we know how to work with it,invest and save it. And even pandemic arise ,cryptocurrency remain stable.

Reatim

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Quote from: sunsilk on July 16, 2020, 03:49:00 AM

Nobody knows. I think the price was expected to fall with the covid19 and economic crisis that we have. Despite that, bitcoin showed its toughness.

It Is the investors that made Bitcoin Price tough in this situation,Imagine that all of use will stop Holding bitcoin and just sell all our holdings?
This may result to total fall of this great currency so this is affecting us also mate,We are the one responsible on this matter.

Quote from: sunsilk on July 16, 2020, 03:49:00 AM

During the halving, many thought that price will tank as part of the pattern that we knew before. And with the crisis, so that should be a combination of both factors to push bitcoin in tanking but it didn't.

Actually this pandemic makes all of this.

we have a great start This year playing from $8,000-$10,000 but when the Covid19 comes?everything
ends nothing but back to the $9,000 level.

Kakmakr

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Quote from: Husires on July 16, 2020, 03:30:49 AM

What would the price be if an Economic Crisis occurred?

Bitcoin was launched 2009 and we have not witnessed many economic disasters except that occurred recently when CovID-19 pandemic was announced.

We realized that if there is an Economic Crisis and people lose their jobs, people will buy coins to put food on the table. They will not think about investing but will have enough money to save.

The price increased spectacularly from early 2016 to the end of 2017, the same saw the stock market and S&P500 improve by 50%.

Your logic does not make sense.... during a economic crisis when people lose their jobs, they will not buy coins, because they need to use whatever they have to buy food. People are even diving into their life savings to buy food and to pay bills, because they lost their income.

Bitcoiners might think people will resort to Crypto currency as a Safe heaven, but they are wrong, because the Bitcoin price is too volatile to be a good Safe haven during these times.

A economic crisis influence all investments, because people do not have disposable income to fund any type of investment. They will rather sell investments and their coins to help them to survive. Roll Eyes

Naida_BR

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Quote from: Husires on July 16, 2020, 03:30:49 AM

What would the price be if an Economic Crisis occurred?

Bitcoin was launched 2009 and we have not witnessed many economic disasters except that occurred recently when CovID-19 pandemic was announced.

We realized that if there is an Economic Crisis and people lose their jobs, people will buy coins to put food on the table. They will not think about investing but will have enough money to save.

The price increased spectacularly from early 2016 to the end of 2017, the same saw the stock market and S&P500 improve by 50%.

The rise of the Bitcoin price didn't happen people of the economic collapse in 2009.
It happened because the bond rates was very low and the economy was accelerating.
We don't have any benefits from an economic decline really...

michellee

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Quote from: Shasha80 on July 16, 2020, 06:55:08 PM

I think now almost all countries can adapt to the COVID-19 pandemic, and are on the right track to deal with COVID-19. So it is only a matter
of time for the vaccine to be discovered and the economic crisis can be overcome. We can see Bitcoin being quite good, so it proved that the
COVID-19 pandemic did not make Bitcoin weaker. Even by trading Bitcoin and Altcoins I can get income for buy daily necessities. Hopefully
the vaccine will be found soon and the economy can return to normal.

Even if all countries can adapt to the Covid-19, the government needs to be aware of the spreads because we might have a chance to get infected. We don't know how the virus can infect us, even if we can be careful with what we do every day. We should be grateful this time because we can still make money from crypto trading, and the good thing is besides making money, we can also have the investment that can be profitable in the future.

shoreno

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and why will we pray for a crisis ? thats too evil but crazy people might be doing that and they are succesful because we are now on the crisis and it takes too long for it to be removed . this crisis is enough and we dont want another one because economy will evenly go down the drain and peoples are going to suffer more. price of crypto wont go anywhere , we dont want that to happen because cryptos can help us when we can sell at higher price .

abhiseshakana

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Quote from: Cryptoababe on July 16, 2020, 09:11:36 AM

No one will want economy crisis. But to be honest. Economy crisis will favour some and affect some negatively. Apart from bitcoin, Stock market and many loosing their job, there are a lot of positivity in economy.
Due to current pandemic, many have brought great ideas to them self to sustain and instead of this being useful to only them. It has been favourable to most people who know them too or around them.

Destruction is the number 1 job of a CEO. Survival is the desired goal for the business. Sometimes there is a factor X or fast-paced change that requires the CEO to destroy the joints of success in the past because the joints of success have lost their relevance. The old model is destroyed and builds a new model with creative destruction.

Maybe for ordinary people, the economic crisis is a disaster, but for the owner of the system, the economic crisis can be a system of alerts that are not appropriate or the system owner can indeed know that a crisis is coming or even those who create a crisis as creative destruction. The system maker is skilled and skilled in the twists and turns of the global economy. The survival of the system owner and the sustainability of the system aims to make the achievement of interests or success lasting. So the main goal that controls the world economy is to make their wealth bigger and make their title as the ruler of the world's eternal wealth.

Negotiation

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The virus usually affects the economy of each country Fear weakens the human immune system No one will panic He expressed confidence in God and said We are a victorious nation Together we will be able to prevent coronavirus epidemics until we get vaccinated. However this bad situation did not have any effect on Bitcoin As the world economy worsens so does the rise in the price of Bitcoin.

raidarksword

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No ones really wanted to have an Economic crisis because it's a bad image of the world economy but sometimes we cannot control over it and appeared it as we not expecting to happened, that's the corona virus effect. People expected too much and bitcoin halving in fact created a hype what's gonna be the outcome after the halving but unfortunately it didn't took too much effect the price remains as it is. Then, pandemic hits and that's the focal point what made the price dumped because of the panic of people wanted to cash out to get ready of any worst to happened. Luckily, bitcoin is doing stable now with price to $9000 and that's the good sign of recovery from all the threat of corona virus.

KnightElite

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Quote from: dothebeats on July 16, 2020, 04:17:54 PM

No one prays for an economic downturn and in fact, most of us here are against it. While true that most of us here have cryptos to take care of, we still have our own jobs and lives outside the cryptospace, so I think that only the edgy maximalists are praying for some bad luck for the whole world in exchange for their own gain (which is still subject to the market and people's money). At the moment, even bitcoin is on a standstill with no certainty on which direction it will take for the next few days or weeks. Everyone's money is on hold, and only the elite are the ones capable of making some bold moves on markets today. Bitcoin isn't on their top priority, so if anyone's praying for more of this tragedy, they are saying the wrong prayers for sure.

We have different perspective on how we see life after all, I known many people that want to have economic crisis because they say that they can have many opportunities that they can get but there is a cons there because whenever their is a crisis, the economy is collapsed where a lot of people lose their job and they are suffering because they do not have source of income anymore.
I known many people became happy when the price of the bitcoin crashed last months ago, because they know that it is opportunity to buy more bitcoin. We have different perspective after all, many so that this crisis makes them suffering but there are other who see that this is a disguise blessing for them.

sunsilk

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Quote from: slapper on July 16, 2020, 04:53:49 AM

Quote from: sunsilk on July 16, 2020, 03:49:00 AM

Nobody knows. I think the price was expected to fall with the covid19 and economic crisis that we have. Despite that, bitcoin showed its toughness.

During the halving, many thought that price will tank as part of the pattern that we knew before. And with the crisis, so that should be a combination of both factors to push bitcoin in tanking but it didn't.

Bitcoin does drop during the beginning of Covid19. But I guess people soon realized that the halving was coming and it was the best time for them to earn a huge profit. And as a result, the bitcoin price pumped significantly from $3000 to $9000. Nobody wanted to miss a good opportunity, especially when it is a trusted investing asset.

And as the charts have shown, I believe that the crisis is fully maintained by our lovely government (except some countries in the West). Hard to believe that they are still struggling to find a solution for this pandemic, especially when their people don't want to corporate. Finding the vaccine is the only way to stop the riot and chaos. And I do have fate in our doctors and scientists, they are really the best of the best who will do anything to save humankind

As for the solution to the pandemic crisis, I've just heard on the news that clinical trials for the vaccines are on their last stage for seeing as an effective cure for the virus. It won't be long and we'll finally see the end to this pandemic.

And if we are already there, people have to speculate again and will look to the perspective that how did bitcoin survived. They might make an assessment that bitcoin is an investment that they can add to their portfolios as it has greatly survived and even pumped during the pandemic crisis.

Shasha80

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I think now almost all countries can adapt to the COVID-19 pandemic, and are on the right track to deal with COVID-19. So it is only a matter
of time for the vaccine to be discovered and the economic crisis can be overcome. We can see Bitcoin being quite good, so it proved that the
COVID-19 pandemic did not make Bitcoin weaker. Even by trading Bitcoin and Altcoins I can get income for buy daily necessities. Hopefully
the vaccine will be found soon and the economy can return to normal.

Oceat

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Quote from: inoes on July 16, 2020, 06:12:02 PM

Despite the economic crisis, there is no 100% guarantee that cryptocurrency will be the first choice of economic solutions. if there is a global crisis, the country can provide solutions such as isolating the country, making monetary policy, etc. most people even sell assets and owe money to survive. so we must always pray for the best

Somehow I stop thinking crypto currency alone can help/change the economic crisis, it should be both fiat and crypto currency that will change the economy. Somehow most of the government in other countries are making the desired solution to minimize the transmission of the virus while slowly making a move to recover their economy despite of the danger of getting infected, people still need to work so that they could feed their family. Let alone the government handle the economy is not enough that's why they take what's necessary to save both people and the economy.

Kasabus

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Quote from: inoes on July 16, 2020, 06:12:02 PM

Despite the economic crisis, there is no 100% guarantee that cryptocurrency will be the first choice of economic solutions. if there is a global crisis, the country can provide solutions such as isolating the country, making monetary policy, etc. most people even sell assets and owe money to survive. so we must always pray for the best

With the current pandemic we are facing, we are opening the world of crypto to millions of people who have lost their jobs due to economic crisis. The government is helping their people but it won't be enough in the long run so these people should also find ways to make an income for their own. Crypto is not the first choice solution during this economic crisis but it's a blessing in disguise for crypto to be recognized these days.

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Quote from: inoes on July 16, 2020, 06:12:02 PM

Despite the economic crisis, there is no 100% guarantee that cryptocurrency will be the first choice of economic solutions. if there is a global crisis, the country can provide solutions such as isolating the country, making monetary policy, etc. most people even sell assets and owe money to survive. so we must always pray for the best

If prayer worked, the priests would have been able to silence their sexual abuse accusers with free bitcoin, right?

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Despite the economic crisis, there is no 100% guarantee that cryptocurrency will be the first choice of economic solutions. if there is a global crisis, the country can provide solutions such as isolating the country, making monetary policy, etc. most people even sell assets and owe money to survive. so we must always pray for the best

Vod

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Quote from: Febo on July 16, 2020, 11:58:17 AM

Why would anyone pray for that? It will simply bring difficulties for anyone. But people that are hedged into Bitcoin should not be worried of devaluation of their currency or total monetary collapse. So one huge worry less.

If the crisis is bad enough that the internet and power become unreliable, how will bitcoin buy things?

dothebeats

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No one prays for an economic downturn and in fact, most of us here are against it. While true that most of us here have cryptos to take care of, we still have our own jobs and lives outside the cryptospace, so I think that only the edgy maximalists are praying for some bad luck for the whole world in exchange for their own gain (which is still subject to the market and people's money). At the moment, even bitcoin is on a standstill with no certainty on which direction it will take for the next few days or weeks. Everyone's money is on hold, and only the elite are the ones capable of making some bold moves on markets today. Bitcoin isn't on their top priority, so if anyone's praying for more of this tragedy, they are saying the wrong prayers for sure.

Raflesia

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Quote from: ReiMomo on July 16, 2020, 03:55:23 PM

Quote from: ecnalubma on July 16, 2020, 12:29:07 PM

Before Covid-19 the crypto market space was only focused on Bitcoin’s price action after the halving event not until the unexpected global crisis came. Fortunately the crypto market shows signs of courage although its also affected during the first month of crisis but investors should always keep an eye on the market because the global threat is still around, markets could still crash at any moment thats why we must be prepared at all times.

That's right because the market proved that there is no correlation between the Covid-19 cases and the crypto market price, we have seen an increased of price despite of the pandemic.

There was still adoption of bitcoin into masses because of the feature of cryptocurrency that can able to save while you can also use it as a payment method especially for the contactless payment to follow Covid-19 protocols.

Only in the first month when the bitcoin crisis was nervous and it fell halfway to the present but there was still no great panic and it could be restored with the confidence of investors to stay focused on the cryptocurrency market.

Adoption about bitcoin in the future will certainly be there but we need time and process in this case especially for those who want to implement their payment system with crypto to make it easier with the protocol that has been implemented so I am more happy if this adoption is done quickly .

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