Topic: Global Financial Crisis scenarios - page 2. (Read 15914 times)

Quote from: CryptoCarmen on October 17, 2014, 04:01:32 PM

War can actually result in bitcoin supply coming down as well, with a lot of private keys getting lost...

Agreed. Who would think about their coins if their families are being slaughtered.

And their wallets gets rocketed. I wonder how many wallets wil gets lost because of people dieing from Ebola.

LOL.. Is that Ebola thing really serious? What do you think? Will this ebola thing will end the world? Come on..

It will probably not end the world however if it is not controlled then it could have a serious impact on the world. There have been several scares throughout the US and Europe when someone has gotten sick in a public place.

To date it does not appear that economic activity has been stifled as a result of people being scared to catch Ebola, however it is a real possibility that people will start to stay at home if they are afraid they will get sick

pattu1

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Quote from: pattu1 on October 17, 2014, 11:45:14 AM

Quote from: zinger on October 17, 2014, 01:38:51 AM

Quote from: CryptoCarmen on October 15, 2014, 10:14:46 AM

Quote from: abrahamlitcoin on October 13, 2014, 08:23:48 AM

Quote from: pattu1 on October 17, 2014, 11:45:14 AM

War can actually result in bitcoin supply coming down as well, with a lot of private keys getting lost...

Agreed. Who would think about their coins if their families are being slaughtered.

And their wallets gets rocketed. I wonder how many wallets wil gets lost because of people dieing from Ebola.

LOL.. Is that Ebola thing really serious? What do you think? Will this ebola thing will end the world? Come on..

Ebola is a slow killer. If you have sufficient number of bitcoins, you can always transfer it out.
If you die because a safe falls on you, then your bitcoins may be lost for ever. Cheesy

But would you think of Bitcoins while you are dieing? Will they let you go to have access to computer once they will see you have Ebola?
I am sure some will transfer their coins, but many will not.

Yes, people do think of their loved ones when they are dieing. They would like to transfer their property to their loved ones. It is a natural tendency.

CryptoCarmen

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Quote from: zinger on October 17, 2014, 01:38:51 AM

Quote from: CryptoCarmen on October 15, 2014, 10:14:46 AM

Quote from: abrahamlitcoin on October 13, 2014, 08:23:48 AM

Quote from: zinger on October 17, 2014, 01:38:51 AM

War can actually result in bitcoin supply coming down as well, with a lot of private keys getting lost...

Agreed. Who would think about their coins if their families are being slaughtered.

And their wallets gets rocketed. I wonder how many wallets wil gets lost because of people dieing from Ebola.

LOL.. Is that Ebola thing really serious? What do you think? Will this ebola thing will end the world? Come on..

Ebola is a slow killer. If you have sufficient number of bitcoins, you can always transfer it out.
If you die because a safe falls on you, then your bitcoins may be lost for ever. Cheesy

But would you think of Bitcoins while you are dieing? Will they let you go to have access to computer once they will see you have Ebola?
I am sure some will transfer their coins, but many will not.

pattu1

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Activity: 675

Merit: 500

Quote from: CryptoCarmen on October 15, 2014, 10:14:46 AM

Quote from: abrahamlitcoin on October 13, 2014, 08:23:48 AM

Quote from: CryptoCarmen on October 15, 2014, 10:14:46 AM

War can actually result in bitcoin supply coming down as well, with a lot of private keys getting lost...

Agreed. Who would think about their coins if their families are being slaughtered.

And their wallets gets rocketed. I wonder how many wallets wil gets lost because of people dieing from Ebola.

LOL.. Is that Ebola thing really serious? What do you think? Will this ebola thing will end the world? Come on..

Ebola is a slow killer. If you have sufficient number of bitcoins, you can always transfer it out.
If you die because a safe falls on you, then your bitcoins may be lost for ever. Cheesy

zinger

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Quote from: abrahamlitcoin on October 13, 2014, 08:23:48 AM

Quote from: BillyBobZorton on October 16, 2014, 06:23:25 AM

War can actually result in bitcoin supply coming down as well, with a lot of private keys getting lost...

Agreed. Who would think about their coins if their families are being slaughtered.

And their wallets gets rocketed. I wonder how many wallets wil gets lost because of people dieing from Ebola.

LOL.. Is that Ebola thing really serious? What do you think? Will this ebola thing will end the world? Come on..

DhaniBoy

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Activity: 280

Merit: 250

This scenario is actually since the beginning of SDH made to those interested will monopolize the world economy, people are making this scenario must have substantial funds, so it can make a great scenario for the world economy, the world economy is controlled by a very powerful man, capable of monopolize the world money supply and regulate the wealth of individuals and the state ... Cool

boumalo

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Quote from: boumalo on October 16, 2014, 01:42:25 AM

Quote from: CryptoCarmen on October 15, 2014, 10:14:46 AM

Quote from: abrahamlitcoin on October 13, 2014, 08:23:48 AM

Quote from: boumalo on October 16, 2014, 01:42:25 AM

War can actually result in bitcoin supply coming down as well, with a lot of private keys getting lost...

Agreed. Who would think about their coins if their families are being slaughtered.

And their wallets gets rocketed. I wonder how many wallets wil gets lost because of people dieing from Ebola.

Instability and government oppression should show Bitcoin like a solution thus increasing adoption

There are 2 possible scenareos:

1) People THAT KNOW (they need to first know about it...) about Bitcoin, put their wealth into Bitcoin hoping it doesnt crash

2) People put their wealth into gold, hoping it doesnt crash

Thats the only legit ways to store your wealth.

Google, Oil and other ressources companies or building a business could be other ways to invest your wealth

BillyBobZorton

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Quote from: CryptoCarmen on October 15, 2014, 10:14:46 AM

Quote from: abrahamlitcoin on October 13, 2014, 08:23:48 AM

Quote from: CryptoCarmen on October 15, 2014, 10:14:46 AM

War can actually result in bitcoin supply coming down as well, with a lot of private keys getting lost...

Agreed. Who would think about their coins if their families are being slaughtered.

And their wallets gets rocketed. I wonder how many wallets wil gets lost because of people dieing from Ebola.

Instability and government oppression should show Bitcoin like a solution thus increasing adoption

There are 2 possible scenareos:

1) People THAT KNOW (they need to first know about it...) about Bitcoin, put their wealth into Bitcoin hoping it doesnt crash

2) People put their wealth into gold, hoping it doesnt crash

Thats the only legit ways to store your wealth.

boumalo

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Activity: 1918

Merit: 1018

Quote from: abrahamlitcoin on October 13, 2014, 08:23:48 AM

Quote from: abrahamlitcoin on October 13, 2014, 08:23:48 AM

War can actually result in bitcoin supply coming down as well, with a lot of private keys getting lost...

Agreed. Who would think about their coins if their families are being slaughtered.

And their wallets gets rocketed. I wonder how many wallets wil gets lost because of people dieing from Ebola.

Instability and government oppression should show Bitcoin like a solution thus increasing adoption

CryptoCarmen

member

Activity: 84

Merit: 10

★Bitin.io★ - Instant Exchange

War can actually result in bitcoin supply coming down as well, with a lot of private keys getting lost...

Agreed. Who would think about their coins if their families are being slaughtered.

And their wallets gets rocketed. I wonder how many wallets wil gets lost because of people dieing from Ebola.

abrahamlitcoin

member

Activity: 81

Merit: 10

♔ of ♥

Quote from: bf4btc on October 12, 2014, 07:57:05 AM

War can actually result in bitcoin supply coming down as well, with a lot of private keys getting lost...

Agreed. Who would think about their coins if their families are being slaughtered.

boumalo

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Activity: 1918

Merit: 1018

Quote from: boumalo on October 11, 2014, 04:42:32 PM

Quote from: Eisenhower34 on October 11, 2014, 02:30:51 PM

Quote from: boumalo on October 10, 2014, 05:06:37 AM

Quote from: DavidHume on June 18, 2014, 02:45:06 PM

Hard to say which way bitcoin will go.

Remember, during the last crisis, even gold and oil went down quite a bit.

Gold has been going up during the years leading to the house crisis, what was a bit surprising to some was to see the USD going up as well

What do you mean by the USD going up - the USD index, i.e. dollar going up against other major currencies?

Yes

So, as long as USDX is not going down, treasuries are ok (i.e. the debt can keep on growing) as well as the U.S. economy, right?

Hypothetically. This could mean everyone is killing their currency faster than the USA.

However, countries with the exchange rate being lowered are now at an advantage. As they export goods, they can pay their employees more, and 80% of the time the purchasing power of the currency stays the same, unless something REALLY goes to crap.

If they start paying their employees more, that would cause inflation, and the purchasing power of the currency will not stay the same, especially if this process takes on (future expectations on inflation would invariably kick in).

If your currency is depreciating, you may export more nominally but what about in value?
If your currency is depreciating, the inputs you use to produce your product are going to increase in price (nominally) so you will have to increase your price
Your employees are going to need increased wages since the prices are going to go up in the country, if they don't, the fact that the currency depreciated is bad for the employees thus for most people

The prices of foreign goods will have gone up while, all else being equal, the price of domestically produced goods will stay the same. The result is that domestic goods will have an advantage over foreign goods

Prices of foreign goods will have gone up so it is bad for the consumers and for companies that need to buy a lot of foreign goods to produce their goods

The price of foreign goods will go up as well and even if they have an advantage over foreign goods domestic companies may sell more but will only get more nominally not in value or very marginally; they will need to increase their salaries to upset the higher cost of living and they will pay more taxes

When the price of goods made in other countries goes up, it makes the goods produced domestically more competitive so more domestic goods will be sold, helping the local economy.

-Do you read what I wrote? You will sell more but you will receive more in a devaluated currency so you may not receive more in VALUE

1/Let's say you used to sell 100USD and 100USD=100Euro
2/now you devaluate the USD and 100USD=80euros
3/ Yousell 120USD but 120USD=96EURO so you actually make less in value

-Companies will need to increase their salaries to upset the higher cost of living because of higher taxes and higher cost of raw material and importations

-Companies will pay more taxes

bf4btc

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Quote from: boumalo on October 11, 2014, 04:42:32 PM

Quote from: Eisenhower34 on October 11, 2014, 02:30:51 PM

Quote from: boumalo on October 10, 2014, 05:06:37 AM

Quote from: DavidHume on June 18, 2014, 02:45:06 PM

Hard to say which way bitcoin will go.

Remember, during the last crisis, even gold and oil went down quite a bit.

Gold has been going up during the years leading to the house crisis, what was a bit surprising to some was to see the USD going up as well

What do you mean by the USD going up - the USD index, i.e. dollar going up against other major currencies?

Yes

So, as long as USDX is not going down, treasuries are ok (i.e. the debt can keep on growing) as well as the U.S. economy, right?

Hypothetically. This could mean everyone is killing their currency faster than the USA.

However, countries with the exchange rate being lowered are now at an advantage. As they export goods, they can pay their employees more, and 80% of the time the purchasing power of the currency stays the same, unless something REALLY goes to crap.

If they start paying their employees more, that would cause inflation, and the purchasing power of the currency will not stay the same, especially if this process takes on (future expectations on inflation would invariably kick in).

If your currency is depreciating, you may export more nominally but what about in value?
If your currency is depreciating, the inputs you use to produce your product are going to increase in price (nominally) so you will have to increase your price
Your employees are going to need increased wages since the prices are going to go up in the country, if they don't, the fact that the currency depreciated is bad for the employees thus for most people

The prices of foreign goods will have gone up while, all else being equal, the price of domestically produced goods will stay the same. The result is that domestic goods will have an advantage over foreign goods

Prices of foreign goods will have gone up so it is bad for the consumers and for companies that need to buy a lot of foreign goods to produce their goods

The price of foreign goods will go up as well and even if they have an advantage over foreign goods domestic companies may sell more but will only get more nominally not in value or very marginally; they will need to increase their salaries to upset the higher cost of living and they will pay more taxes

When the price of goods made in other countries goes up, it makes the goods produced domestically more competitive so more domestic goods will be sold, helping the local economy.

boumalo

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Activity: 1918

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Quote from: Eisenhower34 on October 11, 2014, 02:30:51 PM

Quote from: boumalo on October 10, 2014, 05:06:37 AM

Quote from: DavidHume on June 18, 2014, 02:45:06 PM

Hard to say which way bitcoin will go.

Remember, during the last crisis, even gold and oil went down quite a bit.

Gold has been going up during the years leading to the house crisis, what was a bit surprising to some was to see the USD going up as well

What do you mean by the USD going up - the USD index, i.e. dollar going up against other major currencies?

Yes

So, as long as USDX is not going down, treasuries are ok (i.e. the debt can keep on growing) as well as the U.S. economy, right?

Hypothetically. This could mean everyone is killing their currency faster than the USA.

However, countries with the exchange rate being lowered are now at an advantage. As they export goods, they can pay their employees more, and 80% of the time the purchasing power of the currency stays the same, unless something REALLY goes to crap.

If they start paying their employees more, that would cause inflation, and the purchasing power of the currency will not stay the same, especially if this process takes on (future expectations on inflation would invariably kick in).

If your currency is depreciating, you may export more nominally but what about in value?
If your currency is depreciating, the inputs you use to produce your product are going to increase in price (nominally) so you will have to increase your price
Your employees are going to need increased wages since the prices are going to go up in the country, if they don't, the fact that the currency depreciated is bad for the employees thus for most people

The prices of foreign goods will have gone up while, all else being equal, the price of domestically produced goods will stay the same. The result is that domestic goods will have an advantage over foreign goods

Prices of foreign goods will have gone up so it is bad for the consumers and for companies that need to buy a lot of foreign goods to produce their goods

The price of foreign goods will go up as well and even if they have an advantage over foreign goods domestic companies may sell more but will only get more nominally not in value or very marginally; they will need to increase their salaries to upset the higher cost of living and they will pay more taxes

Eisenhower34

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Quote from: boumalo on October 10, 2014, 05:06:37 AM