How is Crypto affected by Geopolitical uncertainty/events? Better or Worse ?

BartS

sr. member

Activity: 980

Merit: 255

Quote from: PacificNomad on April 13, 2017, 06:23:51 AM

Heya,

In the situation where we have a big world event (war, financial crash... etc) what are your thoughts on where Cryptocurrency fits in?. In stock trading, people move to safe havens such as commodities like Gold. Not something I like to think about or wish on any of us, but I'm curious for a dialogue on whether you think people would opt to withdraw into Fiat or other safe havens or whether new investors would flood to Cryptocurrency?

Cryptos are not in a bubble so all the coins are subject of world events, if there is an economic crisis I think bitcoin will behave well for people like us that are already invested in bitcoin since people will look for a safe place to store their money, but in the case of a world war crypto will perform poorly.

PacificNomad

newbie

Activity: 20

Merit: 0

Quote from: European Central Bank on April 13, 2017, 11:30:37 AM

anyone who thinks crypto is any type of safe haven needs to stop smoking whatever they're smoking.

it's a toy to make more money. if things really did turn truly to shit it's the first thing people would abandon.

this might be a question with a different answer in 20-30 years.

It's an interesting thought... I've been asking myself that question... would I withdraw my crypto in the situation of a dramatic world event? I don't think my first instinct would be to. Given the volatile nature of cryptocurrency, it's only a matter of time till it restores to it's original value regardless of how much drops and I see it as a growing sector with so much future potential

Quote from: e-coinomist on April 13, 2017, 01:34:18 PM

Quote from: PacificNomad on April 13, 2017, 06:23:51 AM

In the situation where we have a big world event (war, financial crash... etc) what are your thoughts on ...

Aren't we always just at a brink before collaps? Total nuclear destruction? The whole eighties had been in a mood like that.
The world out there just luuuvs fearmongering.

That should not infect your financial decisions. Well, you are free to play duck'n'cover hiding under the kitchen table with your laptop. But! Only place your wealthes where some updrift development happens. Oh, and avoid anything all to overly "official" that tries to attract you. Big institutions can be scammers, too.

Yeah I agree, there is far to much fearmongering in the world by the Media and politicians. It's a joke how much they saturate events and cause panic for the general population. I'm not to fussed at this stage. I see a lot of future potential in crypto and feel we're just at the beginning of a long amazing journey into a new tech realm. I guess I started this thread to see what others feel. Always good to have a dialogue with issues to get to the source of what people think/feel! :-)

e-coinomist

legendary

Activity: 2380

Merit: 1085

Money often costs too much.

Quote from: PacificNomad on April 13, 2017, 06:23:51 AM

In the situation where we have a big world event (war, financial crash... etc) what are your thoughts on ...

Aren't we always just at a brink before collaps? Total nuclear destruction? The whole eighties had been in a mood like that.
The world out there just luuuvs fearmongering.

That should not infect your financial decisions. Well, you are free to play duck'n'cover hiding under the kitchen table with your laptop. But! Only place your wealthes where some updrift development happens. Oh, and avoid anything all to overly "official" that tries to attract you. Big institutions can be scammers, too.

European Central Bank

legendary

Activity: 1288

Merit: 1087

anyone who thinks crypto is any type of safe haven needs to stop smoking whatever they're smoking.

it's a toy to make more money. if things really did turn truly to shit it's the first thing people would abandon.

this might be a question with a different answer in 20-30 years.

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

Quote from: PacificNomad on April 13, 2017, 06:23:51 AM

Heya,

In the situation where we have a big world event (war, financial crash... etc) what are your thoughts on where Cryptocurrency fits in?. In stock trading, people move to safe havens such as commodities like Gold. Not something I like to think about or wish on any of us, but I'm curious for a dialogue on whether you think people would opt to withdraw into Fiat or other safe havens or whether new investors would flood to Cryptocurrency?

i think crypto is a safe havens, people are moving here because they think its better to have your money here and not in fiat anymore, with all the recent problem and crysis that is affecting bak and government it's better to store your money in crypto, at elast this is true for me, in a world war scenario, crypto are perfect because you can hide your money and cover them from thief, more easily than cash or debit card credit card

PacificNomad

newbie

Activity: 20

Merit: 0

Heya,

In the situation where we have a big world event (war, financial crash... etc) what are your thoughts on where Cryptocurrency fits in?. In stock trading, people move to safe havens such as commodities like Gold. Not something I like to think about or wish on any of us, but I'm curious for a dialogue on whether you think people would opt to withdraw into Fiat or other safe havens or whether new investors would flood to Cryptocurrency?

Topic: How is Crypto affected by Geopolitical uncertainty/events? Better or Worse ? (Read 372 times)