Is Bitcoin Ready for the Next Global Financial Crisis? - page 3.

betswift

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Quote from: TravelMug on January 06, 2025, 04:16:50 AM

Quote from: BitJannik on January 06, 2025, 02:33:47 AM

As we continue to witness economic uncertainty across the globe, many are looking to bitcoin as a potential hedge against a financial collapse. Is bitcoin truly ready to serve as a safe haven during a global financial crisis or will it face challenges that prevent it from becoming the go to asset in times of crisis? How do you think bitcoin's market behavior will change in response to economic turmoil and can it withstand the pressures of a global recession?

Haven't had we seen Bitcoin becoming a hedge during the pandemic?

That is already a big test for the market, and in the beginning, we go down hard as low as $3k that 2020 because we really don't know what to expect and what this Covid-19 crisis is. But then again, Bitcoin's shows it's resiliency, we not only bounce back but even in the middle of it, when all borders are crossed, Bitcoin goes on a new all time high of $69k.

So I do not understand why we need to question Bitcoin again, and even if there is war in the background, we hit $100k or more last December. As I have said, we have been tested and pass with flying colors.

We've also got lots of events to happen soon to shake the bull up and move forward, propelling Bitcoin with it, in my opinion.
So all in all - the future is bright, and the bear is not near us. Just like the possibility of some crisis shaking Bitcoin to an extreme.

TravelMug

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Quote from: BitJannik on January 06, 2025, 02:33:47 AM

As we continue to witness economic uncertainty across the globe, many are looking to bitcoin as a potential hedge against a financial collapse. Is bitcoin truly ready to serve as a safe haven during a global financial crisis or will it face challenges that prevent it from becoming the go to asset in times of crisis? How do you think bitcoin's market behavior will change in response to economic turmoil and can it withstand the pressures of a global recession?

Haven't had we seen Bitcoin becoming a hedge during the pandemic?

That is already a big test for the market, and in the beginning, we go down hard as low as $3k that 2020 because we really don't know what to expect and what this Covid-19 crisis is. But then again, Bitcoin's shows it's resiliency, we not only bounce back but even in the middle of it, when all borders are crossed, Bitcoin goes on a new all time high of $69k.

So I do not understand why we need to question Bitcoin again, and even if there is war in the background, we hit $100k or more last December. As I have said, we have been tested and pass with flying colors.

fikrett

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Quote from: memehunter on January 06, 2025, 03:59:39 AM

I agree with @Churchillvv and want to add that any crisis (economic/social/political) will only boost the credibility of Bitcoin. Bitcoin knows no boundaries Grin

when it comes to decentralized economic systems. What happened in El Salvador was just the start of FOMO among Nations. AS Bitcoin already surpassed Silver in terms of market-cap shows there is no alternative to Bitcoin. I mean what else do you need to believe in Bitcoin there is no valid and sound argument against Bitcoin.

It's a question of utility and potential vs what was already tested by other bigger institutions.
And as we are moving slowly to the reserves of Bitcoin and the finale of that story, I do think Bitcoin will be and already is ready for anything.

EluguHcman

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Quote from: BitJannik on January 06, 2025, 02:33:47 AM

As we continue to witness economic uncertainty across the globe, many are looking to bitcoin as a potential hedge against a financial collapse. Is bitcoin truly ready to serve as a safe haven during a global financial crisis or will it face challenges that prevent it from becoming the go to asset in times of crisis? How do you think bitcoin's market behavior will change in response to economic turmoil and can it withstand the pressures of a global recession?

First we need to ask... What causes economy global crisis? Of course it is the governments.
What also causes a monopoly marketing system? Same governments of course.
How do succeeds on these manipulations? Because the above are centralized ventures and commodities which is being controlled by the governments amidst them having rivals against one another.

So how would Bitcoin succeed not being affected on this crisis or regulatory scenario? Just as it maintains its decentralization potential which it can not be controlled by the governments.

So apparently Bitcoin has been able to obtain economy valuables which investment expert's, countries and entities foresees it future respondents and had adopted it for economy reserve while still valuably optimistic since it digital potentials has been figured a most dominance globally across global crisis in both wars and economy shedding.

memehunter

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I agree with @Churchillvv and want to add that any crisis (economic/social/political) will only boost the credibility of Bitcoin. Bitcoin knows no boundaries Grin

when it comes to decentralized economic systems. What happened in El Salvador was just the start of FOMO among Nations. AS Bitcoin already surpassed Silver in terms of market-cap shows there is no alternative to Bitcoin. I mean what else do you need to believe in Bitcoin there is no valid and sound argument against Bitcoin.

Churchillvv

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Eloncoin.org - Mars, here we come!

Give me a better "money" that can serves more than bitcoin globally?. Have you read or heard of how bitcoin came into play? if no! then you need to read about the 2007/2008 global financial crisis which Satoshi to create bitcoin.

And of course I will give you a better example of how bitcoin can serve better in every situation. during the hit period of Russian and Ukrainian war, someone wanted to leave Ukraine but has landed property all over the place hence couldn't travel or leave the country with them hence, she resulted to selling off everything and transferred all her wealth in bitcoin and had only a small hardware wallet to move with which has nothing to be questioned while leaving the country. (this is just an example) perhaps with this I think there is other money that can with stand such pressure much more than bitcoin, imagine having the fist currency during global crisis how many bags of it can you run with?

I think this questions are the past of bitcoin, it's over 15 years and the world has been experiencing recession so what other recession can we talk about?

BitJannik

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As we continue to witness economic uncertainty across the globe, many are looking to bitcoin as a potential hedge against a financial collapse. Is bitcoin truly ready to serve as a safe haven during a global financial crisis or will it face challenges that prevent it from becoming the go to asset in times of crisis? How do you think bitcoin's market behavior will change in response to economic turmoil and can it withstand the pressures of a global recession?

Topic: Is Bitcoin Ready for the Next Global Financial Crisis? - page 3. (Read 439 times)