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.
Topic: Do Not Pray for an Economic Crisis! - page 3. (Read 388 times)
And who the hell would pray for a crisis in the first place? That's so unbelievable 
!
That's the reason why the market remains lively despite of the bad situation happening on the outside world.
!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.
What I think is that investing in cryptocurrency (most especially to bitcoin) serve as the safe haven of most people right now. The pandemic pushed us to avoid going outside and do our usual business. But of course as a simple man having a simple need, you should still continue living whatever happen so here's where crypto enters. They choose to gamble some part of their money and hope it will grow. I think they treat it as one of the best options they could have aside from online selling. That's the reason why the market remains lively despite of the bad situation happening on the outside world.
The fact is that no one knows where bitcoin will go or the bad economy due to Covid-19 or its growing economy, we know that bitcoin cannot be ascertained because this fluctuation continues to occur every day so with yesterday's predictions halving nothing is right with a high increase but bitcoin is quite resilient to this time because many economies are down due to the crisis that occurs, bitcoin shows a high enough value of 9000+ for me this is enough to survive in the present.
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%.
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%.
I think we are already past that now, it's only a matter of time, before we get the vaccine ready and countries can now trace and quarantine people who are infected, so we are fighting the virus EFFECTIVELY in a year's time this pandemic will be over hope everyone is are safe wehn the vaccine is ready.
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%.
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%.
Honestly no one's even praying for one . People invest when there is a stable situation in the house , I do not think a crisis would somehow make Bitcoins surge up. The fact is , right now we are not in a crisis , we are going towards one , the way US is handling the situation is quite weird , other than that we have seen many admirable examples from other countries with a relatively small population.
The way New Zealand handled the cases is admirable , even though they have low population and it was easy , it was still a tough job. Therefore I do believe that the whole world would be able to dodge this bullet since India has promised to give the vaccine by August and at the same time some countries have even passed trial 1-2.
2020 summed up:
Poverty and hunger a widespread
Economy is going to go down soon because of massive stimulus bills
Companies are firing people since they are themselves out of the business
People are not able to afford hospital care , hospitals are overflowing
There is no equality
Bubonic plague is detected
Swine flu virus with pandemic potential is detected
BUT
Future hope and certainty of vaccination might prevent all of this
Business are not long beyond the quarantine time period they are just resuming as usual , people are not scared of the virus anymore they are scared of scarce food and possiblity of no money for the family .
At the end of the day , no one's praying for one ^
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%.
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%.
Bitcoin is fluctuates and it depends on those factor that can affect its price. It is very situational and you should know how to read the market because investing in bitcoin is not a 100% profit and safe. Bitcoin can really help you survive this pandemic, it can help you buy your necessities if you experience financial crisis and have nothing to spend. But like what I've said, it depends on the situation, it depends on the market if it is risky to invest on bitcoin or not. The greatest price increase in bitcoin's history was on 2017, but right now, I don't think that this is the season where it will soon happen again. We are really uncertain about that but we should focus on holding bitcoin and at the same time saving and making money out of it.
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
Not all governments are telling the truth, not all governments are responsible on handling and protecting its people against this Covid-19 pandemic. Our government here is not allocating the proper budget for this pandemic and all they do is borrow budget and funds from huge organizations even the World Bank. That's why we're in a huge economic crisis and at the same time, in a huge DEBT.
Much worse is that our government here is not that worrying about this pandemic and they are prioritizing other issues, specifically, political issues. I'm still waiting for our government to have a precise and effective approach to help our economy recover and become stable even if this pandemic is on going. Their implementation of GCQ and allowing businesses to operate is not a good decision as the number of active cases is still increasing. We are all rooting for our government to fight economic crisis with all they can.
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. 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.
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
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.
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.
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%.
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%.
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