Topic: What will happen to Bitcoin if there is a global economic crash? (Read 2789 times)
February 11, 2020, 04:52:36 AM
In the event of a global economic crisis, all cryptocurrency will be under attack. Because physical values, such as gold and jewelry, will come to the forefront. There will be a noticeable collapse of various stocks, in general, I think it will be a very bad time for cryptocurrency.
February 11, 2020, 03:44:17 AM
Bitcoin is here to stay! And will succeed with or without a crash! if there is a global crash, that is good for bitcoin because bitcoin will have more demand, people will be willing to invest their resources into bitcoin because bitcoin has many good advantages versus FIAT money which has so little benefits.
Atocins and bitcoin will start to grow once the crash arrives! FIAT money is just old, ugly money!!
Atocins and bitcoin will start to grow once the crash arrives! FIAT money is just old, ugly money!!
It's here to stay and that is the most important part! There will be ups and downs, there will be bad situations, but what doesn't kill you, will
make you stronger!
What will happen in the future depends on the people entirely. Every man, or woman, can choose Bitcoin or some other crypto-currency instead
of government backed money, what ever that is, in which ever form it is. We have an opportunity to choose what's better for us and our future.
I am not sure are the people of the world aware of that!?
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January 28, 2020, 01:13:42 PM
Bitcoin is here to stay! And will succeed with or without a crash! if there is a global crash, that is good for bitcoin because bitcoin will have more demand, people will be willing to invest their resources into bitcoin because bitcoin has many good advantages versus FIAT money which has so little benefits.
Atocins and bitcoin will start to grow once the crash arrives! FIAT money is just old, ugly money!!
Atocins and bitcoin will start to grow once the crash arrives! FIAT money is just old, ugly money!!
January 28, 2020, 04:29:31 AM
If the global economic crash occurs, Fiat will continue to weaken, and the stock market will also continue to weaken, to save their money from the global economic crash is to buy bitcoin or other commodities such as gold, silver etc. what happened to bitcoin was mass adoption.
This would, in return add to the current demand for bitcoin causing a possible increase in the price of crypto currency. This would be a great news for bitcoin investors for they might earn a lot of profit from the said event. If a global economic crash where to happen, bitcoin might become a main currency for the whole world making it a more high valued asset like gold and other rare metals.
January 27, 2020, 09:14:45 AM
If the global economic crash occurs, Fiat will continue to weaken, and the stock market will also continue to weaken, to save their money from the global economic crash is to buy bitcoin or other commodities such as gold, silver etc. what happened to bitcoin was mass adoption.
This would, in return add to the current demand for bitcoin causing a possible increase in the price of crypto currency. This would be a great news for bitcoin investors for they might earn a lot of profit from the said event. If a global economic crash where to happen, bitcoin might become a main currency for the whole world making it a more high valued asset like gold and other rare metals. 
January 23, 2020, 03:46:35 AM
If the global economic crash occurs, Fiat will continue to weaken, and the stock market will also continue to weaken, to save their money from the global economic crash is to buy bitcoin or other commodities such as gold, silver etc. what happened to bitcoin was mass adoption.
In bitcoin market price it is hard to tell a concrete or exact price of the bitcoin because there are a lot of factors why the price of the coin goes up or down sometimes because of the whales that hold a lot of coin and depends on them when they release, also to the people who want to invest they contribute to the market and also to the economy because today many countries now are adopting and support the use of bitcoin to their payment and services.
January 22, 2020, 10:12:11 PM
If the global economic crash occurs, Fiat will continue to weaken, and the stock market will also continue to weaken, to save their money from the global economic crash is to buy bitcoin or other commodities such as gold, silver etc. what happened to bitcoin was mass adoption.
January 22, 2020, 08:41:01 PM
I believe that Bitcoin will survive an economic crash because it may be seen as a safe haven like gold. It may not have the same recognition as gold but it is similar in that it has scarcity due to limited supply.
January 22, 2020, 07:29:29 AM
A global economic crash might help gold and Bitcoin some, but out overall situation would probably be worse than we are now. In other words, it would probably be a new negative for our way of life. I would rather just have fiat currencies just lose value relative to Bitcoin.
The negativity this will cause will far outweigh the help it could give bitcoin. Sure, this might cause people to resort to bitcoin because of the dollar being useless, but if the dollar will be hyperinflated due to this economic crash, bitcoin might not be able to process all of this and could then cause bitcoin to collapse as well. Not to mention the panic that this could cause if ever. January 22, 2020, 06:43:42 AM
It is a bit hard to figure out what will really happen to Bitcoin price.
We could find an answer if someone could stitch these together.
What do you guys think will happen and why?
We could find an answer if someone could stitch these together.
- Gold price when crisis happen
- China's economy is already in a bear market for a long time, will they see a bull?
- World economy just hit an all-time high
- Crypto has not seen a 10yr cycle yet
- Satoshi started Bitcoin to avoid melt-downs
What do you guys think will happen and why?
it depends. i mean for example imagine that there had been a devaluation in United States economy. USD price became worthless and people started to buy only simple foods for thosand of dollars, then usdwise bitcoin price will become much higher. And people will start to follow bitcoin price goldwise for example preev will show 1 bitcoin is 100 grams of gold.
January 22, 2020, 06:24:01 AM
This is one of the serious crisis to happen a big crash and i do think if this happens all will be affected of course bitcoin as well while there the time that this happen people will know bitcoin and might use it whether they like it or not in my own opinion only. Many digital currency as well will pop up in the market to gain advantage over the economic crash. I don't know what to do in this situation and so i will have both gold and bitcoin that will have the most valuable material
January 22, 2020, 05:46:02 AM
When the price of bitcoin crash, the global economy will have nothing to do with it since it is decentralized and does not affect any economy of the country. It will only have an effect if they are going to legalize it in their country. But if not? For sure there will be no effect to the economy.
January 22, 2020, 04:26:19 AM
This is really something that should not happen at all, we know how much money we will all lose not only banks will close but even businesses, and worst thing our local currency will have no value just like Venezuela, so I don't think that people will prefer to buy Bitcoin at that time or will prefer buying golds.
We have economic crises all the time but a global economic crash is way more unlikely, however if it comes to pass most people are not going to worry about trying to buy bitcoin because their money is going to be worth nothing, at that time people are going to be worried about their survival and getting enough food and water.It seems like a very dramatic scenario, and it is, and that is why I do not want it to happen, but if governments keep creating currency as if there are no bad consequences for it then at some point that will happen.
January 21, 2020, 11:29:10 PM
This is really something that should not happen at all, we know how much money we will all lose not only banks will close but even businesses, and worst thing our local currency will have no value just like Venezuela, so I don't think that people will prefer to buy Bitcoin at that time or will prefer buying golds.
We have economic crises all the time but a global economic crash is way more unlikely, however if it comes to pass most people are not going to worry about trying to buy bitcoin because their money is going to be worth nothing, at that time people are going to be worried about their survival and getting enough food and water.It seems like a very dramatic scenario, and it is, and that is why I do not want it to happen, but if governments keep creating currency as if there are no bad consequences for it then at some point that will happen.
January 21, 2020, 11:16:53 PM
This is really something that should not happen at all, we know how much money we will all lose not only banks will close but even businesses, and worst thing our local currency will have no value just like Venezuela, so I don't think that people will prefer to buy Bitcoin at that time or will prefer buying golds.
We have economic crises all the time but a global economic crash is way more unlikely, however if it comes to pass most people are not going to worry about trying to buy bitcoin because their money is going to be worth nothing, at that time people are going to be worried about their survival and getting enough food and water.It seems like a very dramatic scenario, and it is, and that is why I do not want it to happen, but if governments keep creating currency as if there are no bad consequences for it then at some point that will happen.
January 20, 2020, 03:35:58 AM
It is a bit hard to figure out what will really happen to Bitcoin price.
We could find an answer if someone could stitch these together.
What do you guys think will happen and why?
We could find an answer if someone could stitch these together.
- Gold price when crisis happen
- China's economy is already in a bear market for a long time, will they see a bull?
- World economy just hit an all-time high
- Crypto has not seen a 10yr cycle yet
- Satoshi started Bitcoin to avoid melt-downs
What do you guys think will happen and why?
In the event that the economy breakdown, you would lose access to credit. Banks would close. Request would surpass supply of nourishment, gas, and different necessities. In the event that the breakdown influenced neighborhood governments and utilities, at that point water and power would never again be accessible.
When this happens, gold price will surge because it is a stable investment for decades. People will be forced to go back to it for assurance and Safety of capital.
This is really something that should not happen at all, we know how much money we will all lose not only banks will close but even businesses, and worst thing our local currency will have no value just like Venezuela, so I don't think that people will prefer to buy Bitcoin at that time or will prefer buying golds.
January 20, 2020, 02:09:56 AM
It is a bit hard to figure out what will really happen to Bitcoin price.
We could find an answer if someone could stitch these together.
What do you guys think will happen and why?
We could find an answer if someone could stitch these together.
- Gold price when crisis happen
- China's economy is already in a bear market for a long time, will they see a bull?
- World economy just hit an all-time high
- Crypto has not seen a 10yr cycle yet
- Satoshi started Bitcoin to avoid melt-downs
What do you guys think will happen and why?
In the event that the economy breakdown, you would lose access to credit. Banks would close. Request would surpass supply of nourishment, gas, and different necessities. In the event that the breakdown influenced neighborhood governments and utilities, at that point water and power would never again be accessible.
When this happens, gold price will surge because it is a stable investment for decades. People will be forced to go back to it for assurance and Safety of capital.
January 15, 2020, 09:51:50 AM
A global economic crash might help gold and Bitcoin some, but out overall situation would probably be worse than we are now. In other words, it would probably be a new negative for our way of life. I would rather just have fiat currencies just lose value relative to Bitcoin.
I don't see the way fiat will lose value because of bitcoin if not for the reason of war. Bitcoin isn't a fiat currency and only related for financial transaction. So , it is only for that reason that they are related.
January 14, 2020, 11:43:02 AM
A global economic crash might help gold and Bitcoin some, but out overall situation would probably be worse than we are now. In other words, it would probably be a new negative for our way of life. I would rather just have fiat currencies just lose value relative to Bitcoin.
We will just have to endure the economic crash - but if you don't have a lot of money in fiat currencies then you will not face any negativity in your life.
Instead, you might be one of the rich people that will come out of the economic crisis richer.
January 14, 2020, 11:17:54 AM
I think there is nothing impact from global economic crash to Bitcoin price. Bitcoin is decentralized and the price is mostly influenced by the panic selling or coin holder itself. As long as the holders and investor is not becoming panic for this situation, bitcoin price will be on the track. On the contrary, if the holders are influenced by the global economic crash, bitcoin will potentially drop.
So, it doesn't immediately impact or affect to Bitcoin.
I agree with your discourse, that it is true Bitcoin in use for alternative payment tools, and I think for the development of Bitcoin will always improve in the future because it would not be possible Bitcoin will deteriorate if seen from the user and more fans.So, it doesn't immediately impact or affect to Bitcoin.
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