How would a real economy crash affect btc price? - page 4.

elr01

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Conflicts are everywhere according to the News : Middle East, North Korea, and so on

Quote from: swogerino on November 29, 2017, 03:37:12 PM

A collapse from crypto themselves is highly unlikely as Bitcoin has demonstrated it has the capability of only increasing in value from January 2009 until now.

I do think crypto & ICO are the present boiling bubble because the exponential is not a line likely to be found in the Nature.

swogerino

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Bitcoin Casino Est. 2013

Let's not wish for any war. In Europe wars are not happening from a long time now and I hope the US stops invading other countries for their interests and not that they do give a damn about those countries. In case of a war we should save our bitcoins in a desktop wallet in a portable hard disk, we can keep them in the hardware wallet and hope to have them until the world ends.

A collapse from crypto themselves is highly unlikely as Bitcoin has demonstrated it has the capability of only increasing in value from January 2009 until now.

In case of an economic disaster we should hold them and do not do anything stupid to sell them undervalued.

elr01

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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?

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