Topic: How would a real economy crash affect btc price? (Read 763 times)
Maybe what will happen is the price of btc will go down because if the war happens everyone is pressed and needs money, for the easiest way to sell their bitcoin if they are pressed.
Actually, bitcoins depend on the market as well. If the market crashes, the cryptocurrencies will crash as well. But as they are meant to replace fiat money and the actual system, the crash could be useful for them. I mean that maybe virtual money can survive for the upcoming financial crash and therefore become number one on the market. It is possible. The goal of financial crises is to bring something new. If a crisis happens, cryptocurrencies might suffer but might come up a winner as well. People would give them a chance to grow and to change the system. Remember that the goal of cryptocurrencies is also to change the system and allow businesses to be faster and independent.
Well, it is just another way of payment. And it is very slowly. Visa transactions are in thousands times faster. Not everyone want to wait so long time.
I think that this can happen both sides, bitcoin will became more demaded, but also less expensive, because all people would need it now
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Crash of a real economy (to the extent of 1929 or 2007) would in my opinion cause sharp increase in Bitcoin and Altcoins prices. People tend to look for safe heavens and cryptocurrencies have one special advantage over other assets - they are not linked to any other real indicators. They tend to move independently on a business cycle which is a huge advantage in times of a crisis.
Crash of a real economy (to the extent of 1929 or 2007) would in my opinion cause sharp increase in Bitcoin and Altcoins prices. People tend to look for safe heavens and cryptocurrencies have one special advantage over other assets - they are not linked to any other real indicators. They tend to move independently on a business cycle which is a huge advantage in times of a crisis.
It is also possible that a crash of the real economy would damage the prices of all cryptocurrencies.
When people are laid off or are in desperate need of money for other reasons they will start to liquidate
more speculative investments like Bitcoin or other cryptocurrency holdings.
It is hard to withdraw money from a retirement account, but it is easy to sell off a few coins when
you really need the money.
Bitcoin and crypto currencies have been made to replace trust in banks and to be able to do without their centralized systems.
Imagine an unfortunate event in the world causing an economic crisis, or a crisis caused by the crypto themselves. A kind of 1929 bis in the 21st century. It would be sad, of course.
But what would be the destiny of bitcoin and other crypto currencies?
And worst of all, in case of serious disruption of the economy, such as war, for example, what would you say?
Imagine an unfortunate event in the world causing an economic crisis, or a crisis caused by the crypto themselves. A kind of 1929 bis in the 21st century. It would be sad, of course.
But what would be the destiny of bitcoin and other crypto currencies?
And worst of all, in case of serious disruption of the economy, such as war, for example, what would you say?
Crash of a real economy (to the extent of 1929 or 2007) would in my opinion cause sharp increase in Bitcoin and Altcoins prices. People tend to look for safe heavens and cryptocurrencies have one special advantage over other assets - they are not linked to any other real indicators. They tend to move independently on a business cycle which is a huge advantage in times of a crisis.
If there would be a war the most safeties way to save bitcoins would be a desktop wallet in a portable hard disk and we can keep bitcoins in the hard wallet until the collapse of our world and hope that they would be alright.
In the case of a general crisis of the real economy in the world, interest in the crypto currency should increase and its rate in this regard will increase.
However, if there is a war, the scenarios may be different: in case of a local war, the rate of the crypto currency will increase, but if the war is global, then the crypto currency can simply disappear, because it will not be in demand or for technical reasons.
However, if there is a war, the scenarios may be different: in case of a local war, the rate of the crypto currency will increase, but if the war is global, then the crypto currency can simply disappear, because it will not be in demand or for technical reasons.
I think in every country they have their own economy. Especially if it is a crisis. It is all connected in our daily lives and role in the economy. Everything is affected even Bitcoin. Because Bitcoin depends on its users.
the world economy and events won't related to cryptocurrency too much larger extent they are independent and decentralised crypto economy depend on their trust one to one
Most likely, when another eonomic crisis occurs, lots of people and coumpanies will rush to move their holdings to safer stores of value and bitcoin will definitely be one of them. The high demand on btc will inevitably drive its price to the moon.
I see the situation will be a bit different. When the economy crashes, people become poor, and they think about the other things - not to lose the job, feed their families. They may not have the money for BTC.
Economic crisis doesn't make people poor in a split of a second. It's a whole process. As soon as people realize the crisis has come, they will try to protect protect their funds by reinvestment. Plenty of them will find btc as a good store of value. Look at what is happening in Venezuela or Zimbabwe where depreciation of the local currency drove masses into crypto. Of course, not only regular working people will rush into bitcoin, but also businessmen and corporations. And that demand has all chances to drive the price dramatically up.
Centralized economy will not give any damn to bitcoin investment mate. Then you need to know that fluctuation on Bitcoin market happening due to marketplace movement and fake news spreading over local media site.
Other than centralized economy will not give any damn to crypto currency market mate.
If crypto rise in the market then centralized money get damaged more.
Most likely, when another eonomic crisis occurs, lots of people and coumpanies will rush to move their holdings to safer stores of value and bitcoin will definitely be one of them. The high demand on btc will inevitably drive its price to the moon.
I see the situation will be a bit different. When the economy crashes, people become poor, and they think about the other things - not to lose the job, feed their families. They may not have the money for BTC.
Economic crisis doesn't make people poor in a split of a second. It's a whole process. As soon as people realize the crisis has come, they will try to protect protect their funds by reinvestment. Plenty of them will find btc as a good store of value. Look at what is happening in Venezuela or Zimbabwe where depreciation of the local currency drove masses into crypto. Of course, not only regular working people will rush into bitcoin, but also businessmen and corporations. And that demand has all chances to drive the price dramatically up.
Bitcoin and crypto currency could be seen as a luxury item and if there was a economic crash or crisis that would be reflected in crypto currencies it would either be positive or negative and would depend on what the crisis was.
Since there hasn’t been any economic crisis ever since Bitcoins emerged, I really doubt that it’s going to provide the same haven as Gold provides because it’s well known that Gold is very stable in case of financial crisis. 
Most likely, when another eonomic crisis occurs, lots of people and coumpanies will rush to move their holdings to safer stores of value and bitcoin will definitely be one of them. The high demand on btc will inevitably drive its price to the moon.
I see the situation will be a bit different. When the economy crashes, people become poor, and they think about the other things - not to lose the job, feed their families. They may not have the money for BTC.
Bitcoin and crypto currency could be seen as a luxury item and if there was a economic crash or crisis that would be reflected in crypto currencies it would either be positive or negative and would depend on what the crisis was.
china accidents affecting bitcoin prices, the bitcoin price hike as coverage of china occurs quite frequently. This can be a source of constant unrest and frustration for people holding bitcoins for the long term, this could be the cause of its bitcoin price and news from other countries also have an impact on bitcoin prices. one of the most notable examples is the bankruptcy of Mt.Gox.
Depending on the crisis level, could it be that people start cashing out since they need money?
Unexpected situations can effects bitcoin only. like wars, crisis etc. Regular economic can not effect bitcoin and altcoin market.
If there is an economic crisis or war, then bitcoin will definitely be affected. The whole society will be unrest so that no one is interested in collecting bitcoin. Maybe gold is more valuable, and people can carry the same value in a few years. I think the economic crisis will destroy all financial commodities, including bitcoin.
If there is another economic crisis in the world, this will cause mistrust of ordinary money and increase the demand for crypto currency. However, if war begins, then interest in crypto currency in will depend on the size of such a military conflict. In the local war, as the events in the zone of recent tension in the region of North and South Korea have shown, the rate of the crypto currency is increasing. However, if the war is global, it seems to me that very few people will then be interested in crypto currency. If then the Internet will still exist.
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