Let's Say the Stock Market Corrects.. - page 2.

Undermood

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Quote from: BTCevo on May 16, 2015, 09:28:16 AM

Quote from: unsoindovo on May 16, 2015, 08:26:35 AM

Quote from: Enjorlas on May 15, 2015, 08:03:49 PM

What if a 2008 style correction happens again in the next year or two. Would the price of Bitcoin go up or down?

i think the two things are not correlated.
until now, few people knows and use bitcoin.
i'm just hoping who next year there are a large adoption and use of bitcoin...
this could really help ecosystem and price, too.

Yes but the mass is start to gain for every year since 2008 and the popularity of this bitcoin is start to become mainstream to everyone so I think the price will going up higher than before since nowadays there are so many demands of bitcoin

I don't think so! The price is volatile. The demands of bitcoin is not that much!

alani123

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Leading Crypto Sports Betting & Casino Platform

Bitcoin tends to benefit heavily at times of panic. Give it a feasible scenario and another skyrocketing for the BTC/USD price could happen. Remember when bank accounts in Cyprus were closed? The people in the then small bitcoin community did the right thing and turned to the mass media. The hype created what was known to many as the first bitcoin bubble with bitcoin peaking at $220.

With that said, I did notice some bitcoin media outlets attempting to present Greece's 'dire situation' as Cyprus 2.0, but apparently, this wasn't as feasible of a scenario to create hype again.

maku

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Unfortunately bitcoin will go down Sad

In times of uncertainty people will go for the things they know and bitcoin is not one of it. It's like with currencies of developing countries, they always loose out on corrects because stock markets don't trust unstable currencies. Also btc is still dependent on the
exchange rate of dollar and euro.

BTCevo

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Quote from: unsoindovo on May 16, 2015, 08:26:35 AM

Quote from: Enjorlas on May 15, 2015, 08:03:49 PM

What if a 2008 style correction happens again in the next year or two. Would the price of Bitcoin go up or down?

i think the two things are not correlated.
until now, few people knows and use bitcoin.
i'm just hoping who next year there are a large adoption and use of bitcoin...
this could really help ecosystem and price, too.

Yes but the mass is start to gain for every year since 2008 and the popularity of this bitcoin is start to become mainstream to everyone so I think the price will going up higher than before since nowadays there are so many demands of bitcoin

unsoindovo

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Quote from: Enjorlas on May 15, 2015, 08:03:49 PM

What if a 2008 style correction happens again in the next year or two. Would the price of Bitcoin go up or down?

i think the two things are not correlated.
until now, few people knows and use bitcoin.
i'm just hoping who next year there are a large adoption and use of bitcoin...
this could really help ecosystem and price, too.

Erdogan

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