Upcoming economic crisis - crypto safe haven like gold or not? - page 4.

pinkflower

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Quote from: Jarijah on August 01, 2018, 05:14:33 AM

There are enough signs that an economic crisis is going to happen soon in the next 3 - 5 years.

Whether China's bubble will burst or the dollar will implode.
Do you guys think crypto will be as good an investment as gold in time of crisis?

There will be no "economic crisis that will be so bad" that will make the world economy suffer hyperinflation. The Keynesians have already learned that to mitigate an economic crisis is to pump as much fiat in the system and the tax the consumers more later.

It has been working and it will work for the next 1000 years until the people are so taxed
and so poor.

Jarijah

newbie

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Quote from: LeGaulois on August 01, 2018, 07:42:00 PM

You can't call a safe haven a market like the crypto-market that is highly volatile and unpredictable. Safe means safe, what is safe to put your money in cryptos knowing that the market can crash at any moment? In December last year the BTC price was at $20k now at $8k, is it what you call safe?

Valid point taken. I guess what they mean to say is to store your assets in investment opportunities to survive or even thrive during the crisis. I believe that when shit hits the fan again, the dollar will go down again, will people flock to crypto. If the dollar goes down, does that mean the price of bitcoin will go up? if so, that seems a solid investment.

Gold is considered safe, but if the dollar is strong, it's better to stay out of it. The crash of BTC last december is just euphoria running out of steam and mass panic cash out.

ganlianshifu1

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The economic development of the United States is very healthy, the dollar is hard to collapse, and the trade war between China and the United States may lead to the collapse of China's economy!
The high volatility of cryptocurrencies also has the potential for bubbles, and only gold and silver have real storage value!

iamwagner

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You have to have Fiat + Gold + Crypto + Food. If you leave out one of these you may find yourself in dire straights as the collapse happens. Crypto is a very key part of my strategy of surviving the economic collapse.

MinerHQ

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Quote from: medussa on August 01, 2018, 07:48:13 PM

Crypto could be a safe haven should there be a global economic crises, the good new is that the cryppto market does not move same pattern as other markets, not correlated, so happening in other sectors may not affect cryptos too

I'm not sure whether crypto will be a safe haven or not but many people may consider investing their money in cryptos if other markets crash or go down. Crypto investment always a high reward and high-risk investment so we can't say it is a safe haven to invest.

More investors may prefer to invest in gold than bitcoin during the crisis because cryptos still need to prove that it is worth to invest money during the crisis.

kolsernik

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The economic crisis is already foreshadowed by many countries.As it seems to me, after this crisis, the mass distribution and recognition of cryptocurrencies will begin.Always before something new is the turbulence of the old.I do not think that during the crisis, people will run to buy cryptocurrency.The purchase will take place after the crisis

medussa

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Crypto could be a safe haven should there be a global economic crises, the good new is that the cryppto market does not move same pattern as other markets, not correlated, so happening in other sectors may not affect cryptos too

LeGaulois

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Top Crypto Casino

You can't call a safe haven a market like the crypto-market that is highly volatile and unpredictable. Safe means safe, what is safe to put your money in cryptos knowing that the market can crash at any moment? In December last year the BTC price was at $20k now at $8k, is it what you call safe?

darkangel11

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Don't let others control your BTC -> self custody

I think it will be. While gold was very popular among the previous generation, they haven't been raised in the era of the Internet, like their children. What i'm trying to say is that every generation needs a store of value, chooses it. Gold has been on top for ages, but at some point people will look for other things that are also easy to carry and hide and can be easily valued on the go. Gold can't be. What if you can't find someone willing to check if this gold bar is actually made of gold and doesn't have a copper core? With BTC there's no such issue.

Baofeng

legendary

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Some individuals can't afford to buy physical golds. So as casuals we are only left with one choice but to go to crypto. Only thing though is that crypto hasn't proved anything if its really a good hedge for a economic crisis so there's a big risk. But personally, I'm more willing to take that risk and see how it goes if ever a financial crisis strikes us again. At least we have something that can give us hope in case something worst happen.

hugeblack

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What will be your position if you know that there is a crisis will happen? Will you gamble in a new currency or will you invest in a safe investment?
For companies, I expect they choose gold, but for individuals, few will take the risk.
The news is not entirely bad, but there will be more confident/trust in cryptos than the current banking system.
We will also enjoy some proper heights.

Ctn

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Quote from: Jarijah on August 01, 2018, 05:14:33 AM

There are enough signs that an economic crisis is going to happen soon in the next 3 - 5 years.

Whether China's bubble will burst or the dollar will implode.
Do you guys think crypto will be as good an investment as gold in time of crisis?

During the crisis, well it could be best place to put our money in because during that period crypto currencies might get hyped a lot. Just the way people buy gold and silver in the similar manner people might buy crypto this time and that too bitcoin specifically. This is new era and people believe in the moderation rather than old stuff now. So there is pretty high chance that crypto currency will be saviour of our world during the time of economic crisis.
I guess, those who are engaged in crypto toady will surely find crypto as best asset to buy in such time while rets of the world will follow the traditional ways.

Jarijah

newbie

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There are enough signs that an economic crisis is going to happen soon in the next 3 - 5 years.

Whether China's bubble will burst or the dollar will implode.
Do you guys think crypto will be as good an investment as gold in time of crisis?

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