depending on how countries deal with their economic conditions, it should be that if world economic conditions are weakening then no one will trade in cryptocurrency because they have to save their money well whereas if used for trading the risk will be very high.
It may have an impact on bitcoin, then still depending on how they manage the economic situation in their countries. Some people may adopt bitcoin once they can afford to purchase any amount of btc and some can not do it because of the economic crisis facing. I can say that those who are educated in crypto can manage to do trading even there is volatility existing. 
Topic: Economic situation around the world and Bitcoin - page 8. (Read 947 times)
depending on how countries deal with their economic conditions, it should be that if world economic conditions are weakening then no one will trade in cryptocurrency because they have to save their money well whereas if used for trading the risk will be very high.
Do you think this Economic situation will push More People into Bitcoin?
We know that countries like venezuela, ghana all Ready are Bitcoin adopters.
China USA trading? Do you think that has impact too?
Coz i think the gold market is about pop the bubble soon
We know that countries like venezuela, ghana all Ready are Bitcoin adopters.
China USA trading? Do you think that has impact too?
Coz i think the gold market is about pop the bubble soon
I certainly think this will have a positive effect on bitcoin, because the antidote to the economic crisis is bitcoin. As you said, the use of bitcoin is becoming widespread in countries experiencing economic crisis because people want to protect their money against rising inflation and seek safe harbords for their money. If this economic uncertainty is spread all over the world thanks to China-US relations, it's great to even imagine its effects on bitcoin!
I do not think that the push will be universal. I believe those who are knowledgeable about Bitcoin will be the one who will transfer their fiat currencies into Bitcoin. Institution won't do that because they are more conservative and always want the less dangerous road to take. Since Bitcoin is a very risky but high reward commodity, these institution will not gamble in it. So I can say not all people will be pushed to Bitcoin because of this economic situation.
You may have a point here, but its the young generations that can push these bitcoin. Millennials, are knowledgeable enough especially this digital assets (not decentralized). Happenings in Hong Kong, those rallies push the bitcoin or crypto trading. They are looking for other option and cryptocurrencies are the favorable choice now. Look also to Venezuela, Africa etc., bitcoin is a viable option.
Though the issue of volatility is there, some has no choice.
The people in Venezuela are using dollars instead. Still more stable than their own currency. We read articles that people there use bitcoin but I doubt they'd keep doing so as the electricity infrastructure further decay.
0.050BTC is already a big deal but they can buy even smaller denominations. I think it's more that they haven't heard about it or they don't want additional risk. Though if things look like it'll go SHTF, might as well take that risk.
People in Venezuela and Ghana have no money to buy bitcoin.Do you think that average person in these and similar countries is able to buy even 0.100 btc a month
Economic situation all over the world depends now on talks about tariffs between USA and China.If talks will fail we will see mega crisis.Now ask yourself if your economic and financial situation uncertain will you put your money what you need to survive in most risky asset.Bitcoin is most risky and most profitable asset in the world
Economic situation all over the world depends now on talks about tariffs between USA and China.If talks will fail we will see mega crisis.Now ask yourself if your economic and financial situation uncertain will you put your money what you need to survive in most risky asset.Bitcoin is most risky and most profitable asset in the world
0.050BTC is already a big deal but they can buy even smaller denominations. I think it's more that they haven't heard about it or they don't want additional risk. Though if things look like it'll go SHTF, might as well take that risk.
But dont forget that Bitcoin is asset and all assets prices going up when money is cheap again!!
And there is no other reason, just buy Bitcoin when Economy is down and sell btc when Economy is up again.
There is no other logic That's Only one how it all Works!
And there is no other reason, just buy Bitcoin when Economy is down and sell btc when Economy is up again.
There is no other logic That's Only one how it all Works!
Btc volatile is very Bad for Merchants think about Today sell something its 9000 but tommorow could be 7000,
It's unlikely that people will move to bitcoin during the economic crisis! Gold and other precious metals like Silver or platinum is becoming their obvious choice. If you see the price chart of gold for last 6 months, the trend will be visible to you! You can refer the link below,
https://goldprice.org/gold-price-chart.html
Now let me prove my statement when I say that bitcoin will not be the obvious choice during the economic slowdown. The reason is very simple! During an economic slowdown, a person would want to look for another investment asset to safeguard their capital. That person probably wouldn't look for profits but to ensure that his capital is not depreciating. This kind of people would want some investment asset which is less volatile and have a proved track record. Simply put, Bitcoin doesn't fit that criteria!
https://goldprice.org/gold-price-chart.html
Now let me prove my statement when I say that bitcoin will not be the obvious choice during the economic slowdown. The reason is very simple! During an economic slowdown, a person would want to look for another investment asset to safeguard their capital. That person probably wouldn't look for profits but to ensure that his capital is not depreciating. This kind of people would want some investment asset which is less volatile and have a proved track record. Simply put, Bitcoin doesn't fit that criteria!
Cash is best asset when Economy is Down!
But fed USA and ECB Europe just printed more money, the Frankfurt and even paris Property prices are going up as the real Boom is about to start all over Europe.
Countries like Ghana... Yes its different story
I do not think that the push will be universal. I believe those who are knowledgeable about Bitcoin will be the one who will transfer their fiat currencies into Bitcoin. Institution won't do that because they are more conservative and always want the less dangerous road to take. Since Bitcoin is a very risky but high reward commodity, these institution will not gamble in it. So I can say not all people will be pushed to Bitcoin because of this economic situation.
It's unlikely that people will move to bitcoin during the economic crisis! Gold and other precious metals like Silver or platinum is becoming their obvious choice. If you see the price chart of gold for last 6 months, the trend will be visible to you! You can refer the link below,
https://goldprice.org/gold-price-chart.html
Now let me prove my statement when I say that bitcoin will not be the obvious choice during the economic slowdown. The reason is very simple! During an economic slowdown, a person would want to look for another investment asset to safeguard their capital. That person probably wouldn't look for profits but to ensure that his capital is not depreciating. This kind of people would want some investment asset which is less volatile and have a proved track record. Simply put, Bitcoin doesn't fit that criteria!
https://goldprice.org/gold-price-chart.html
Now let me prove my statement when I say that bitcoin will not be the obvious choice during the economic slowdown. The reason is very simple! During an economic slowdown, a person would want to look for another investment asset to safeguard their capital. That person probably wouldn't look for profits but to ensure that his capital is not depreciating. This kind of people would want some investment asset which is less volatile and have a proved track record. Simply put, Bitcoin doesn't fit that criteria!
People in Venezuela and Ghana have no money to buy bitcoin.Do you think that average person in these and similar countries is able to buy even 0.100 btc a month
Economic situation all over the world depends now on talks about tariffs between USA and China.If talks will fail we will see mega crisis.Now ask yourself if your economic and financial situation uncertain will you put your money what you need to survive in most risky asset.Bitcoin is most risky and most profitable asset in the world
Economic situation all over the world depends now on talks about tariffs between USA and China.If talks will fail we will see mega crisis.Now ask yourself if your economic and financial situation uncertain will you put your money what you need to survive in most risky asset.Bitcoin is most risky and most profitable asset in the world
Do you think this Economic situation will push More People into Bitcoin?
We know that countries like venezuela, ghana all Ready are Bitcoin adopters.
China USA trading? Do you think that has impact too?
Coz i think the gold market is about pop the bubble soon
We know that countries like venezuela, ghana all Ready are Bitcoin adopters.
China USA trading? Do you think that has impact too?
Coz i think the gold market is about pop the bubble soon
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