What will happen to Bitcoin if there is a global economic crash? - page 4.

Andrews193

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Quote from: silversurfer1958 on November 14, 2019, 06:59:08 AM

Quote from: buddhasource on November 01, 2018, 06:49:10 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.

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?

Gold prices will certainly increase rather than crisis. You know, when there are signs of war between major countries, the price of gold suddenly rises because people always believe that the value of gold will be kept after economic crises.
That's the way it is, so I think gold and bitcoin have risen. In short, scarce, high-value things often go up very sharply.

Agree that scarcity will increase but you should know that product stability is also essential, which is the criteria that investors and people will choose when an economic crisis occurs, and gold is a very stable product and cannot disappear over time while bitcoin does not possess the same qualities, the value of bitcoin is like stock numbers. People will not be too fond of holding it during a crisis when nothing can maintain the price and help bitcoin go up or stabilize, and with low demand, people will dump bitcoin

silversurfer1958

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Quote from: buddhasource on November 01, 2018, 06:49:10 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.

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?

Gold prices will certainly increase rather than crisis. You know, when there are signs of war between major countries, the price of gold suddenly rises because people always believe that the value of gold will be kept after economic crises.
That's the way it is, so I think gold and bitcoin have risen. In short, scarce, high-value things often go up very sharply.

NeironixNV

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Most likely, it will also fall in price, how it was wrote to neironix. io, that even classic gold is not 100% protection against the crisis, because during the crisis, gold also declined in price, but it decreased many times less and then recovered faster. So with Bitcoin there will most likely be a similar situation, it will follow all markets, but then it will very well rebound to new heights.

FaMouS8828

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In my opinion, people will find alternative ways to save their assets and social status. If would collapse, people will definitely disappoint in government, buy gold and high-risk assets.

tambok

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Quote from: nasipadang on October 22, 2019, 02:06:12 AM

Although many people say bitcoin is not in the world economy, but for me it could have an impact. The world economy crashes, investors will save their money by switching to investments such as gold or crypto. So that the condition of the crypto market may change up and down, the risk of crypto investment is greater than stock investment in the economy.

For sure that will happen if ever there will be economic crash, people will buy more gold and crypto. Cryptocurrencies would likely be an alternative to the US Dollar. As a result, all dollar-pegged stable coins might then be sold off heavily and tested on their ability to store value.

nasipadang

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Although many people say bitcoin is not in the world economy, but for me it could have an impact. The world economy crashes, investors will save their money by switching to investments such as gold or crypto. So that the condition of the crypto market may change up and down, the risk of crypto investment is greater than stock investment in the economy.

riso2015

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I think developed countries will keep their assets in Bitcoin if the global economy crashes. Because Bitcoin is a decentralized system so the government cannot disrupt Bitcoin. I assume if if that happens then we will see that the price of Bitcoin will increase due to increased demand for Bitcoin.

sirminesalot

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Everything will be fine with Bitcoin. Vaughn China shows that if economically pressed, then transfer money to a cryptocurrency. Bitcoin is decentralized and multifunctional.

maybe it's one of the advantages of the bitcoin cryptocurrency in particular but no one can know with certainty the future development of crypto currencies such as how, if you follow the development and technology of crypto currency will develop rapidly along with the development of the digital era

yulionoo

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I think bitcoin will be the solution during the economic crisis. we take the example that has happened in Venezuela. In recent years Venezuela has experienced an economic crisis that has caused hyperinflation and the collapse of the Bolivar currency. To overcome this the Venezuelan community has begun to adopt bitcoin as an alternative payment. now they rely on bitcoin to make payments. so that when the world experiences a global economic crisis then bitcoin can be a solution.

clickerz

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Quote from: barabarian1 on October 18, 2019, 12:07:53 AM

in my opinion when there is a global crisis bitcoin is not affected. and this bitcoin emerged after the world experienced a global crisis in 2008. and if a crisis occurs again maybe bitcoin will be an alternative. because when there is a global crisis fiat money must have experienced inflation. and to deal with this people will turn to cryptocurrency.

I agree with that whenever theres a crisis ,people tend to find an alternative and bitcoin and other crypto will be a better option of it. LIke in HK, Venezuela and other country, spike in btc trading can be observe because people are buying crypto for easy safekeeping,potability and liquidity. Whenever they go, they can access their btc, thats why its convenient.

EdvinZ

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I think that in a global crisis, buying Bitcoin, gold and reserve currencies of the world, can be a way to save your money for many people. Bitcoin was created during a severe financial crisis, perhaps Satoshi Nakamoto wanted to help people and provide another reliable asset. But at the time, this technology was popular only among a few people. I think that if there is a big financial crisis Bitcoin will be in demand among the population.

barabarian1

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in my opinion when there is a global crisis bitcoin is not affected. and this bitcoin emerged after the world experienced a global crisis in 2008. and if a crisis occurs again maybe bitcoin will be an alternative. because when there is a global crisis fiat money must have experienced inflation. and to deal with this people will turn to cryptocurrency.

Polar91

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Although Cryptocurrency isn't related to foreign exchange and stock market, it's still an asset just like a gold. Thus, a difficult market situation economically could cause burden to crypto investors to spend their asset since not all of us has a lot of savings that could make us survived in the global economic crash run.

DAVETUN

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Bitcoin is the currency of this age

global economic crash, will have a negative impact on the existence and price of BTC, lots of investors will be out of cash and individual with fiat will tend to manage the meager fund available, there will be high level of withdrawal from the exchange from investor.

Wonder_woman

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Quote from: buddhasource on November 01, 2018, 06:49:10 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.

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?

maybe bitcoin will fall down again lower than the latest news this year. Maybe its hard to make over again but that's the time they buy and hold it because bitcoin is too low. Big investors will have the chance to save more bitcoin in times of cash.

Ozero

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Quote from: Rooster101 on January 19, 2019, 01:35:27 AM

Bitcoin is said to be created because of the 2008 financial crisis that has affected the world economy. Bitcoin will be put into a test if another economic crisis happen in the future because it is said to be resistant to the troubles facing other markets. Bitcoin is peer-to-peer, deflationary and created by a person or people who had lost faith in traditional markets.

Yes, Bitcoin appeared after the last general economic crisis, so there is no practice on this issue yet.
In my opinion, if the next global economic crisis begins, this means that a common currency will sharply depreciate, and many, in order to avoid the depreciation of their funds, will invest them not only in gold, real estate, but also in cryptocurrency. Because of this, it will have to grow in value.
If this is not a crisis, but a global catastrophe, then the fate of the cryptocurrency will depend on the size of such a catastrophe. With global cataclysms, people just will not be able to cryptocurrency.

kingpin4321

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Quote from: ?? on ??

I think, at that moment, Bitcoin will be more and more expensive than ever.

Cryptocurrency is among the list of currencies next to fiat, thus if the economy is down with recession and inflation, people will fall back to bitcoin, which will increase it's value.

Quote from: ?? on ??

I am sure there will be a lot of people who put money to buy Bitcoin and hold them until the economy is stable.

A lot of people will have to turn into investors, to put up their money to buy and hold for a long while, at least till the economy becomes buoyant.

trickyriky

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Quote from: ?? on ??

Bitcoin will be dump as people will ensure to keep real money in their pockets therefore they will sell most of their Bitcoin as Bitcoin together with the banks can be useless in some part of the world. Money will be proven most important in time of world crisis as it can be use instantly anywhere, anytime or what ever we need to survived.

Yes, many people may think that crypto can become even a higher risk during the crisis and start to cashout.

Besides, they can invest in gold and precious stones. I suspect everything that has real value for decades (diamonds, platinum) will be more popular. Bitcoin and the other cryptocurrencies might lose at least half of their price, but this is only my vision, not a prediction.

TheCoinGrabber

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Depends on the scale, of how bad the crash is. IMHO.

-On a "low" crash some people might hold their bitcoins if they still have enough cash with them and some might even buy bitcoins if the price lowers from people dumping in panic or out of need for cash.

-On a "high" crash, it'll get dumped HARD. People would need money and there might be no new buys in for a long time.

-On a "very high" crash, things would be a bit more interesting. There's a possibility that bitcoin would actually become THE money used by the people. An example is Venezuela, where people started using dollars and bitcoins to transact because whatever cash that remained in their hands has become worthless.

Febo

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Quote from: Mihawk on July 04, 2019, 02:57:38 PM

The transfer of power is already happening even though many are resisting. This new power is called China. This is the future and soon, Bitcoin will be a route of escape from this new reality. How will the Chinese cope when people realize they are being controlled?

USA and Chinese government are and will be most against Bitcoin. Simply because USA currently hold World reserve currency and China hopes to grab it from USA in upcoming years. Bitcoin will steal that from them and other countries will not really care as much as China and USA will. To be able to print world reserve currency as USA can do right now it means that you can simply print it to repay your debts. Other countries cant print USD in which they borrowed money.

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