Topic: What will happen to Bitcoin if there is a global economic crash? - page 3. (Read 2766 times)

There's a possibility that bitcoin would be affected if the world experiences an economic crash. Considering the fact that large countries like China would be included in the crash, having China as a huge contributor in crypto can already explain why bitcoin would also be affected in the crisis. Bitcoin's market value usually depends on how many of it has been mined and how many are investing on it. If ever a crisis occur, let us hope that bitcoin would only get mildly affected so that it can help revive the economic failure.

If the fiat currency will become useless because of the global economic crash then I think that we will be sticking to our bitcoin and we don't need to cash it out since it is digital and it can be easily transferred from one to another. Buying goods and services will have no problem because cryptocurrencies will become the mainstream currency when it comes to an emergency.

I agree, but have you thought that if the global economy will crash, including products, and fiats have devalued where its existence is not important at all, think how we can cash out all of the profits we have in bitcoin if its price will surge up when that happens, wish of luck if by that time, everything could be bought by bitcoin then there is no problem with that, but what if not?

Our cryptocurrency will also become useless if we can't use it on buying our needs, it's like we're back on the stone age relying on the nature's resources to live.

I am feeling its very good point we have to talk about this and too many peoples will be affected with this because I feel bitcoin will also be affected by a global economic crash most of the investors are not keeping all their investments in one place and those are invested in this they all will feel pressure of this crash.

Price of the bitcoin will increase if such things happens and faith on stable coins and fiat cash will never show after such incident. So never plan for us to prepare for economic crash because so far Bitcoin and crypto market not faced such situation.
Bitcoin value will stay stronger in the marketplace and I believe nothing crash to beat it push us down. Let's hope for the best.

I think when the world economic system crashes it will not have an impact on bitcoin. because bitcoin has its own market and also there is no connection with any decentralized and free country. only demand and supply can affect the price of bitcoin. and if we look at bitcoin made in 2009 after the world experienced a global crisis in 2008. I think bitcoin was made to be a solution during the economic crisis. when a crisis occurs some fait currencies will experience inflation so we need to have other alternative means of payment. and bitcoin is suitable for use during an economic crisis.

The use of cryptocurrency in Venezuela is different from the adoption of crypto in other Latin American countries. The United States imposes a total economic embargo on Venezuela so that the Government-owned Oil and Gas Company in Venezuela (PDVSA) accepts and collects bitcoin to support operations.

In my opinion, the Global Economic Crash means that the picture is, the economy of the United States collapsed, China won the trade war, its polar gravity shifted from America to China, Demand for gold will rise. Cryptocurrency will develop as an alternative to saving assets and moving the wheels of the economy.

So far, we only see the crisis from an economic perspective. But we rarely discuss the crisis caused by the problem of world food security. The world will also experience Crashes when there is a decline in food production or food famine continuously throughout the world. A solution for the economic crisis can be sought but if we have already talked about the crisis of natural resources especially those related to primary needs such as agriculture, clean water, and marine ecosystems, then we must pay full attention.

Learning from Africa, which has the widest desert in the world and its climate which has been experiencing drought all year long and the majority of its population is experiencing hunger, we can imagine if it happens all over the world. At that time money will also be of no value.

It is depend on the person on how they will survive in such that crisis because if there has a economic crisis then it would be happen for some country and it only affect the bitcoin when the country do affecting is the one who have a huge impact from bitcoin.

In fact, it is difficult to predict what will happen to Bitcoin in the event of a global economic crisis. It is possible that people will buy it in the hope of saving their money from hyperinflation, as they do in Venezuela for example. But it is also possible that Bitcoin, which does not have a legal status in many countries, will scare off buyers by the lack of laws regulating the turnover of the cryptocurrency.

Ii think not because bitcoin depend with their self without need support from economic world, today no one institution help and promote about bitcoin but price of bitcoin keep stable with higher price, when world economic crash I think bitcoin keep exist on higher price with many investor around the world make investing with bitcoin and altcoin.

When those that right now have Bitcoin will lose their jobs and they will have to eat they will need to use their Bitcoins for that. And not buy more Bitcoin as they are doing now when their paycheck is always there. Economic crash influence value or any asset.

I have same opinion regarding this matter. Bitcoin wont get hurt from any sort of crisis. If anything at all, it will just gain more fame and become hero of many people. Whatever people say, no one can deny the fact that bitcoin has saved its investors from financial crisis and produced millionaires at very young age too. For those who oppose our thinking, they should just wait and watch as crisis is expected to hit us soon.

People keeps on saying that bitcoin will save a country from global economic crash. But how? Bitcoin has nothing to do with economy of a country. At least for now. The price of bitcoin is compared using fiat currency. Thus as economy falls, the price of bitcoin will also get hit quite hardly. If only people stopped measuring the value of bitcoin using a fiat currency. That maybe a whole new story. Let the crypto market determine the price of the goods in the market.
And, when the economy starts to crash, and when people realizes that, they will start investing on bitcoin making bitcoin more and more valuable.

For now we can't see that Bitcoin or crypto is depending on the economic, but once there is massive economic crash, for sure that there is an effect in crypto too, as people will become panic and they will cash out their money in stocks, in bank and everywhere so they can reserve their fund, people will prefer buying gold too as this can be lower in price at that time which they can sell in the future at higher price.

From the beginning of history it has been shown that Gold has a lot to do with getting many countries out of crisis, in case there is a worldwide crash, FIAT money is what affects, bitcoin is considered today as gold digital, its price would increase with respect to any falling currency, but it would not suffer.

Bitcoin today can be interpreted for many as a reserve or shelter of money despite volatility, as it has been shown in economies such as those in Argentina and Venezuela, they are a part of the world where they have problems falling in fiat currency generating thus inflation, where Bitcoin is the best solution being a deflationary economy that fights and wins against a fully inflationary economy.

In the event of a worldwide crash, the case would be macro for Bitcoin, where FIAT would be on the floor causing Bitcoin to reach very high price levels, because its value would not degenerate, the opposite could happen because much more demand would be generated and they would not want Leaving the Bitcoins, that is, high demand and low supply has a high price reaction.

Bitcoin doesn’t depend on any economic status but yes the price will be affected and its normal for an economic crisis. Many says there will be a new financial crisis worldwide, many predicts bitcoin is a safe place for that but we have no guarantee. China is making a big move on blockchain, i hope it will be a good effect for the market as a whole and doesn’t affect much of any crisis.

To follow the basic law of demand and supply investors need to have the amount to allocate in a volatile market and do you think they will trust a market which is volatile in times of financial crisis, they will go for safe asset like gold rather than investing in any other asset, so what i am trying to tell is that the financial situation determines demand and supply and global economic crash will have an impact in the bitcoin market too.

Bitcoin will goes down if global economic crash because bitcoin always depend with economic world situation, many investor waiting what good news from the world to make bitcoin keep on higher price like legal using bitcoin in most bigger country economic like US and China, after get positive respond maybe bitcoin will growing up again.

I think its value will rise. because simply bitcoin now has no one to manage it. and its Halving mechanism goes on every 4 years and bitcoin is undoubtedly one of the rare assets.
it will still keep prices or prices rise higher than ever when the economic crisis occurred.

Bitcoin will stay where it is even with or without global economic crash. Bitcoin is not driven and influenced by the economic progress of our world because it only relies on the basic law of demand and supply. As people will invest more in bitcoin then the price will go up and it will continue to have a progress throughout the years.