Topic: How bitcoin protects against geopolitical risk (Read 1543 times)
Considering how crazy 2016 was I'd expect anxious people to get into Bitcoin. Unless governments crack down on cryptos by adding regulations, bitcoin is one of the safest bets.
I was honestly expecting a bigger rise because Trump was voted in as president. But clearly bitcoins are polititian proof because it's a world currency not just an American or European currency.
Agreed but we might see a rise after January when he is sworn in.
Well bitcoins have been made to get rid of any political risks that can occur .with bitcoins in currency there is no need of any government ,it can be on its own .this is the foremoat reasons that no country will support it fully.
Yes, whatever changes occur in the geopolitical world, Bitcoin holders remain safe and secure. Indians having Bitcoins would have realised it this week. Since rs.500 & rs.1000 were banned in india, people became panic and started to run towards banks for exchange.But Bitcoin holders remained safe without any tension.Bitcoin has become a must for future.
Actually many traders have already realized that bitcoin is safe bet in political uncertainty like today also many markets/assets goes red after Trump wining US election and to be in safer side some of the traders seems to already have bought bitcoin shorting their other assets that is really good move and bitcoin price is already 4%+ up.
Nice comparison between bitcoin and other currencies pairs.
Nice comparison between bitcoin and other currencies pairs.
Bitcoin price goes 100% up this year because of the halving, I don't expect more pumps untill the next one.
Bitcoin nowadays is becoming a stable coin where people can use it as a protection.
It protects you against geopolitical risk if all nodes are uniformly distributed in various countries.
Mining is centralized in china, but the nodes are not. So china is a political risk for bitcoin if they decide to shut down miners.
So folks start up nodes in all countries, from Antarctic to Iceland to Zimbabwe, all countries should have a lot of nodes running.
And this why bitcoin are very suitable for becoming the global currency? Even that's will never get affected by the political events. Mining is centralized in china, but the nodes are not. So china is a political risk for bitcoin if they decide to shut down miners.
So folks start up nodes in all countries, from Antarctic to Iceland to Zimbabwe, all countries should have a lot of nodes running.
It protects you against geopolitical risk if all nodes are uniformly distributed in various countries.
Mining is centralized in china, but the nodes are not. So china is a political risk for bitcoin if they decide to shut down miners.
So folks start up nodes in all countries, from Antarctic to Iceland to Zimbabwe, all countries should have a lot of nodes running.
Mining is centralized in china, but the nodes are not. So china is a political risk for bitcoin if they decide to shut down miners.
So folks start up nodes in all countries, from Antarctic to Iceland to Zimbabwe, all countries should have a lot of nodes running.
Well we have seen what happened with Greece, when the politicians dropped the ball... We have also seen how the weakening economy of
Venezuela under the regime of President Nicolas Maduro, led to the increase in Bitcoin use as a Safe haven. The rich will bypass capital
controls to protect their wealth against hyperinflation... and Bitcoin can be used for that.. How long this will go on unregulated, we will not
know..
I quite agree with your point of view. As a matter of fact, bitcoin's live wire lies with the fact that it is decentralized and no one government can manipulate it as they readily do with fiat currencies. That more or less accords it a safe haven attribute and was evidently so with Greece debt crisis, when the authorities laid siege on deposits in banks. Bitcoin simply addresses issues like that and for same reason people turn to bitcoin every now and then, there is doubt and uncertainty in their country or global economy. Venezuela under the regime of President Nicolas Maduro, led to the increase in Bitcoin use as a Safe haven. The rich will bypass capital
controls to protect their wealth against hyperinflation... and Bitcoin can be used for that.. How long this will go on unregulated, we will not
know..
I very good read indeed.
It explains the true potential of bitcoin and how it can serve people rather than governments or corporations such as Banks
It explains the true potential of bitcoin and how it can serve people rather than governments or corporations such as Banks
People can use gold/silver as a protection about this however I don't know much people that do this.
In my opnion you need to have a lot of money to think about this things and atm I'm broke
In my opnion you need to have a lot of money to think about this things and atm I'm broke
I was honestly expecting a bigger rise because Trump was voted in as president. But clearly bitcoins are polititian proof because it's a world currency not just an American or European currency.
It could also be the case that it is still too early for that to happen with those big disruptive events. People might still be looking at precious metals more, Bitcoin will probably follow after some years.
I was honestly expecting a bigger rise because Trump was voted in as president. But clearly bitcoins are polititian proof because it's a world currency not just an American or European currency.
well, dollar had a big pump and i'm expecting a correction next week.
if that happens, bitcoin and gold will definitely rise.
both are main investments at dollar correction.
Being safe in politically charged times and being speculated on during those times are two different things. Its hard to correlate one with out thinking about the other and how it may be altering the perimeters of the discussion.
We really are not seeing any push in areas that are in turbulent times. Greece was highly speculated to be driven to bitcoin and we had a company announce it would open up quite the army of bitcoin atms. It never materialized as a factor for Greeks even with the strangle on their currency limits per day. Would be interesting to go look at the numbers for the company that proclaimed they where opening up roughly 100 atms to help drive bitcoin use.
You can pretty much look at every country bitcoin community has thought would be running to bitcoin and see a very small bump,I suspect more to speculation than people thinking this is the answer.
We really are not seeing any push in areas that are in turbulent times. Greece was highly speculated to be driven to bitcoin and we had a company announce it would open up quite the army of bitcoin atms. It never materialized as a factor for Greeks even with the strangle on their currency limits per day. Would be interesting to go look at the numbers for the company that proclaimed they where opening up roughly 100 atms to help drive bitcoin use.
You can pretty much look at every country bitcoin community has thought would be running to bitcoin and see a very small bump,I suspect more to speculation than people thinking this is the answer.
Bitcoin is power of decentralization so that its value has remain quite in positive trend even when other markets are all red. Recent dump on forex market after US election can be taken as good lesson to not trust any centralized fiat currency, bitcoin is really a safe bet.
A nice read from Techcrunch.
https://techcrunch.com/2016/11/08/how-bitcoin-protects-against-geopolitical-risk/
Well, it's accurate mostly because of the decentralization of Bitcoin being free from the issues of governments. When people in developed countries get nervous about something, they buy things to store their wealth, and one of those things is Bitcoin. Instability causes the price to rise, and thus it gets protected from issues it would otherwise experience. https://techcrunch.com/2016/11/08/how-bitcoin-protects-against-geopolitical-risk/
Diversity of software is positive, but we need to have a standard, high % of agreements to get something done is good and strengthens the network. If it was lower, we would never get anything done, it would be all over the place. We need to focus and gets things done, and this requires big agreements.
If people want alternative software, then convince people to run nodes for said software, but people don't want amateurs, thats why Core always wins.
If people want alternative software, then convince people to run nodes for said software, but people don't want amateurs, thats why Core always wins.
We are not protected from geopolitical risk. If China bans Bitcoin < Political decision > then you will see a massive drop in the price. If the USA implement strict regulations, you will see a drop in the price. So we are not immune to the influence of these poor decisions being made by these governments.
We do protect fiat currency holders when their currency depreciates, due to poor political governance, but Bitcoin has it's own problems too.
We do protect fiat currency holders when their currency depreciates, due to poor political governance, but Bitcoin has it's own problems too.
nothing you have said relates to the distribution and security of bitcoin. and ultimately if the only impact of geopolitics is the price.. then good.
bitcoin cannot control the price. and if you understand bitcoins ethos, a particular fiat price should not matter. its just temporary drama
if the price drops. celebrate.. its a discount day.. buy some more
if the price rises. celebrate.. its a profit day.. sell some more
We are not protected from geopolitical risk. If China bans Bitcoin < Political decision > then you will see a massive drop in the price. If the USA implement strict regulations, you will see a drop in the price. So we are not immune to the influence of these poor decisions being made by these governments.
We do protect fiat currency holders when their currency depreciates, due to poor political governance, but Bitcoin has it's own problems too.
We do protect fiat currency holders when their currency depreciates, due to poor political governance, but Bitcoin has it's own problems too.
Well we have seen what happened with Greece, when the politicians dropped the ball... We have also seen how the weakening economy of
I don't thnk the weakness economic of Greece are having any relationship with the politicians.... As long as I read news on the internet it's caused by the overloading of the government employees. everyone in Greece is wanna be the government employees and this will make the unstable condition for the country and that's why every year always gets a deficit for their economic for just for paying their employees.Quote
Importantly, Bitcoin is a global digital currency that is borderless, frictionless and secure. Unlike legacy currencies and payment systems, Bitcoin is immune to capital controls and currency manipulation.
The bitcoin are free from the capital control and currency manipulation. i guess this can make a bright things for us.
I agree partially on the point in the article where it mentions that Bitcoin is insulated by political uncertainty, but if political supervision happens to occur in the form of regulations to Bitcoin exchanges that are registered (unlike local bitcoins or decentralized exchanges) then it would affect a small percentage of the users for a short period of time. Also, several political issues are always around the corner whenever it comes to regulation foreign investment or crypto currencies or even putting a hard limit of how much can be traded as we've seen in the case of China. I'm sure a lot of price changes in Bitcoin also happen when a large whale pumps money, but this happens in regular stock exchanges too so it's not too good of an argument to hold. In the end I can believe that Bitcoin provides a lot of users a safe haven to deposit their funds and be protected from fiat currency regulations and restrictions.
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