What Role Will Crypto Play During ‘The Great Reset?’ - page 2.

Yamifoud

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Quote from: Xanxus024 on August 24, 2020, 11:57:09 PM

As far as I can see this pandemic gives a lot of trouble in many peoples lives and most of businesses are shutdown and it affects many peoples. Now most of the workers are working at home through internet and the system of transaction is cashless that's why the role of crypto during this pandemic has a big role, hopefully more people will see the brightside of it.

It is a business war that we never think at the start. Billionaire taking advantage of this and gets millions also out from the people who suffered. If we call this an "Economic Reset", no one will believe this because it is likely we are just harassed by some political leaders wanting to control others and be their followers.

Maybe we can say that crypto has of a great time this pandemic and many stockholders are shifting into crypto. But, could we think that this is the start of fiat transitions to digital currencies? Because almost seeing that people are now using it and many had to risk their money in buying crypto for investment. Its something to look that we are making pandemic as a way to move forward and adopt the new normal which crypto is much applicable and appreciated at this time.

beerlover

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Bitcoin could actually become such a huge adopted thing if it could be, there is really a chance for it but unfortunately it is not easy. Think about it, could it be possible for bitcoin to be accepted worldwide everywhere in the whole world? Of course it is, obviously it is, we are talking about bitcoin here, you could remove all the fiat in the world and just use bitcoin only. Don't get me wrong, I am talking about just the technical part of it, I am just saying it is technically possible.

Obviously it is not going to be like that, and the adoption will take decades because people with power do not want it to succeed, however at the end of the day the bitcoin people will want it and when most people use it, the powerful can't do anything to stop it.

elitium.io

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Quote from: Xanxus024 on August 24, 2020, 11:57:09 PM

As far as I can see this pandemic gives a lot of trouble in many peoples lives and most of businesses are shutdown and it affects many peoples. Now most of the workers are working at home through internet and the system of transaction is cashless that's why the role of crypto during this pandemic has a big role, hopefully more people will see the brightside of it.

Yes I agree... Also people start loosing trust in governments and the financial system.

Historical times...

elitium.io

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Quote from: The Sceptical Chymist on August 21, 2020, 11:06:51 AM

Quote from: Wind_FURY on August 20, 2020, 04:08:09 AM

The people should be HODLing a currency that is not subject under the whims of politicians who put their own self-interests first before the people.

And that's the part of bitcoin I love the most, that it's not a product of governments or banks.

But as far as this "reset" goes, I think it's an enormous overreaction to a virus that's being touted as being far more deadly than it really is. The reaction the world has had to it is quite real, but it's over the top. People aren't quarantining themselves anymore, at least not where I live, and most folks are barely even keeping six feet apart anymore. They've had enough of this bullshit, and it shows.

I don't think bitcoin is going to gain or lose because of the COVID-19 pandemic. People still aren't using it as a currency, and they're not going to unless the entire fiat system falls apart--and if that happens, things are going to get so ugly that we'd probably be looking at a Walking Dead situation, where guns and food and land all that stuff are the most important things to own.

Interesting.. But I personally see most crypto's, Bitcoin included more as a store of value than a currency.

When you are buying EUM or any other altcoin, you also look at the company, the team, their use case/business model etc., in our case you even earn yearly rewards of up to 6.5%.

Even tough we are going to launch a card as well, I would still say the investors mindset in more like "buying a stock" of the company, rather than seeing and using us as a currency.

If I believe in BTC and that it's value increases, I would never use it as a currency/sell it, because I rather keep it right?

Or how do you see that?

kotajikikox

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Quote from: Xanxus024 on August 24, 2020, 11:57:09 PM

As far as I can see this pandemic gives a lot of trouble in many peoples lives and most of businesses are shutdown and it affects many peoples. Now most of the workers are working at home through internet and the system of transaction is cashless that's why the role of crypto during this pandemic has a big role, hopefully more people will see the brightside of it.

While others wanted to see the brightness inside crypto yet they have no money to start investing because the prices are too Huge now(Not including shitcoins of course)
but i believe that this pandemic turns people to check crypto and how does it works and when time comes that they are able to have money?surely investing inside will be their other option.How many may invest we don't know but at least they will set some amount to put inside.

Xanxus024

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As far as I can see this pandemic gives a lot of trouble in many peoples lives and most of businesses are shutdown and it affects many peoples. Now most of the workers are working at home through internet and the system of transaction is cashless that's why the role of crypto during this pandemic has a big role, hopefully more people will see the brightside of it.

Twinkledoe

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Quote from: Finestream on August 24, 2020, 07:55:10 AM

Quote from: Salauddin1994 on August 23, 2020, 06:51:55 AM

Bitcoin will take a long time to become centralized Many countries do not yet support Bitcoin.

What do you mean? bitcoin will never be centralized as it's design as a decentralized asset, no one could change that system we are using now.

Quote from: Salauddin1994 on August 23, 2020, 06:51:55 AM

the demand for crypto has increased a lot during the epidemic crisis. Crypto is not under the control of the government but the economy is in crisis due to the epidemic but crypto has no effect. Many people have been able to overcome this crisis very easily by working in crypto investing as a method of payment is also holding for the future.

I would like to see crypto to be regulated so more investment will come, this is a great for the market as when the economy struggle, we have crypto which is not controlled by anyone, although we have some big investors we called whales but when more people are treating it as an investment, they would be so happy to hold their bitcoin as they can ensure great profitability in the long run.

I'm not ready yet for the great reset to be honest, but if that would happen, there's nothing we can do but to accept it, and let's see how things work out.

I think Salauddin has different perspective on bitcoin identifying btc as centralized when many entities are supporting it. And that is kinda wrong as bitcoin is a decentralized one. No one is in full control of it. But I agree that because of this pandemic, the crypto adoption may increase because people are looking at it as new payment and trying to understand it as potential investment. I guess most of them will treat btc as form of investment as most of us still do.

Rengga Jati

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If we totally choose the great reset, what is the better then? Centralized or decentralized? Has all countries in this world ready for the decentralized systems? I think no, decentralized and centralized should be implemented conforming to how the system in each country ready for it.
If it is talking again about the use of cryptocurrency after this pandemic over, we can see it right now. So far, many more people are interested in doing some great things on crypto, many projects still exist and many more people reveal the world of cryptocurrency.
So, the crypto will never end and will probably give a big influence on it.

Finestream

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Quote from: Salauddin1994 on August 23, 2020, 06:51:55 AM

Bitcoin will take a long time to become centralized Many countries do not yet support Bitcoin.

What do you mean? bitcoin will never be centralized as it's design as a decentralized asset, no one could change that system we are using now.

Quote from: Salauddin1994 on August 23, 2020, 06:51:55 AM

the demand for crypto has increased a lot during the epidemic crisis. Crypto is not under the control of the government but the economy is in crisis due to the epidemic but crypto has no effect. Many people have been able to overcome this crisis very easily by working in crypto investing as a method of payment is also holding for the future.

I would like to see crypto to be regulated so more investment will come, this is a great for the market as when the economy struggle, we have crypto which is not controlled by anyone, although we have some big investors we called whales but when more people are treating it as an investment, they would be so happy to hold their bitcoin as they can ensure great profitability in the long run.

I'm not ready yet for the great reset to be honest, but if that would happen, there's nothing we can do but to accept it, and let's see how things work out.

go1lo2va3

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Quote from: Salauddin1994 on August 23, 2020, 06:51:55 AM

Bitcoin will take a long time to become centralized Many countries do not yet support Bitcoin. the demand for crypto has increased a lot during the epidemic crisis. Crypto is not under the control of the government but the economy is in crisis due to the epidemic but crypto has no effect. Many people have been able to overcome this crisis very easily by working in crypto investing as a method of payment is also holding for the future.

Well, crypto affected economy anyway, the market itself is almost as big as some smallest countries and a lot of fiat holdings now flood into crypto.
And your second point - a person wouldn't be able to easily overcome current crysis just by investing in crypto, especially long-term.
Lets take a look at average person that has ~$2k of crypto investments + added $1,2k of support payed to most US citizens. So since may total crypto investment portfolio would be now like $5-6k, if we're talking about early april-may investment.
AND a person shouldn't take any of it 'til this day. Thus being said you have to have at least spare $3k in the spring + available money to live through past half of the year.
This isn't realistic, you have to be wealthy for this to work out

stompix

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Quote from: ActAshton on August 21, 2020, 12:08:51 AM

For those of you at option 3, ZeroHedge just picked up the article for you to FINALLY understand
https://www.zerohedge.com/crypto/what-role-will-crypto-play-during-great-reset

Hahaha, that is the nail in the coffin for this "great reset", if Zerohedge says so, then it will definitely not happen, reminds me of this quote for gentlemand

Quote from: gentlemand on August 23, 2019, 05:56:15 PM

Zerohedge, the site that predicted 200 of the last 2 recessions.

Quote from: ActAshton on August 20, 2020, 12:44:41 PM

You serious? That is exactly what's happening. Check out the second citation in the article. It's focused on a big capitalist movement but this is the time where people who can find opportunity in this can flourish. Those people are in CRYPTO!!!

What reset is happening and where can we observe this, do I need to climb the Eiffel tower to see it?
What big capitalist movement you see, any serious proof other than a guy hearing from the friends of the cousin's of his sister's in-law brother?

Every single time there is a major there are people who will see "grand reset"
I remember how after 9/11 there were "analysts" who claimed that air travel is dead, that we will see a revolution in travel and tourism, here we are, almost 20 years and no revolution.
After the last crisis, it was the same, the economy will change, the world powers will end up being poor, people will starve, the stock markets will die, we will see a revolution, and 10 years later there is no revolution and it's the same as before.

ActAshton

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The results are in! Thank you everyone for voting. I do believe we should keep this thread open for a while as it covers a very interesting topic that is continuously spoke about.

Thank you everyone who participated!

Mauser

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Quote from: ActAshton on August 20, 2020, 02:55:41 AM

What are you hoping to get out of this 'Great Reset?' Are you adapting? Because at this point, whether the industry, it is evolving to something similar to The Hunger Games or even the survival of the fittest.

For me personally not much really changed during the pandemic in terms of investing and cryptos. I am still holding the same portfolio of stocks and funds as last year, I only added a little bit of commodities. For my cryptos I also only added a little bit because I don't have so much spare money at the moment. But if I would really believe in the great reset I should sell all my holding and just go into cash. Inflation would likely drop further and the prices in 6 month should be much lower than today. However, I am still hoping for a good ending of the pandemic. So far the prices where pretty stable. I don't think it's time yet for panic selling.

elitium.io

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Thanks for the amazing feedback on the article everyone!

Obviously this is a polarizing topic with different opinions which is totally fine but for those who are interested please take the time and invest 4 minutes in this personal message of Raoul, referring to the article!

I think you can tell that this message comes straight from the heart and we are thanking everyone for the support!

https://youtu.be/IMqxsm3u2m4

Salauddin1994

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Bitcoin will take a long time to become centralized Many countries do not yet support Bitcoin. the demand for crypto has increased a lot during the epidemic crisis. Crypto is not under the control of the government but the economy is in crisis due to the epidemic but crypto has no effect. Many people have been able to overcome this crisis very easily by working in crypto investing as a method of payment is also holding for the future.

wiss19

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I don’t know what you’re talking about by economic reset, how is the economy going to be reset? Like things will go back to zero or what? And as for decentralization, that depends, I don’t think the world is going to adopt Bitcoin, in fact let’s be true to ourselves, Bitcoin is just a payment method and the whole world are not going to adopt it as their main currency, same as other cryptocurrencies.

Another thing you have to know is that as long as there is government, there will be nothing as decentralization, things are still going to be centralized (majority of everything). Bitcoin is just going to be as it was described by Satoshi, a peer-to-peer transaction and apart from that, there is nothing else.

bitgolden

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The thing about elite and rich is that the people might change, the idea will not because humanity has that "7 deadly sins" that religions talk about and that is why there will always be people who will want to live a better life than other people.

Let's assume the whole world is so rich that every human has their own lambo, their own mansion, their own private pool, they can travel anywhere they want, they can eat anywhere they want, they can basically do whatever the hell they want, would you think everyone in the world would agree to this?

Obviously not, some people will want butlers, waiters, valets and whatever else you can think of, it is not enough that you are rich, others should also be poor enough to be serving under you for your pleasure, that is the wrong thing about humanity and that is why even if we remove all possessions from all humans today and equally distribute them, in 10 years there will be rich people and poor people once again.

sunsilk

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Quote from: ActAshton on August 21, 2020, 03:40:00 AM

Quote from: sunsilk on August 21, 2020, 03:01:19 AM

I hope your dad will find greatness as he starts to study about bitcoin. Personally, if ever it comes, I'm not prepared for it but I've got to do something and all of us so that if it comes we have made ourselves prepared for it to start facing it.

And if that time comes, the role of crypto will be big mostly to those who are just sitting around, holding, and watching what will be the stand of the economy. It's a sign that we have our plans or alternative solutions to flee from that reset like I've said only if times permits.

LOL thank you... It's when the gen. pop (not prison system) starts to realize the power of it. I found crypto cards like Wirex and Elitium to be good for consumers and HNWI to really help move adoption. Gotta get my pops one of these.

Good luck with that, pretty sure that your pops gonna love those cards if you'll tell him that it contains some crypto in it. I wish my pops is also into this technology but it seems that he's not although I'm eager to share him and give him some from my holdings.

I haven't taken any of those but I've heard of Wirex. You can also gift him a hardware wallet which will make him more into it.

goldade

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The pandemic has opened the eyes of so many people. Many now see that there is need for a decentralized system of money as so many countries economy are failing drastically.
Bitcoin and cryptocurrencies at large will help save a lot of people who have their money in crypto as it's not affected by a country's economy.
There is need for more people to adopt crypto as this is the future.

ecnalubma

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Economy is so fragile, if the past generations overcome the past pandemics I’m pretty sure with all the resources we have at the present day we can conquer this or maybe not if someone so powerful really intended this to happen. But at the moment we need to adopt and apply changes in our lives, become resilient and more prepared in future unexpected crisis.

Topic: What Role Will Crypto Play During ‘The Great Reset?’ - page 2. (Read 631 times)