Topic: Will people start moving their savings to Bitcoin in case of a financial crash? (Read 3526 times)
September 13, 2017, 03:51:40 AM
Market uncertainties will let bitcoin grow. If it goes well in the economy banks will grow as well
July 24, 2017, 07:30:53 AM
some people are already doing, they fear that if the market crashed, they will loose all their money, i think it is the safest investment befor the market crash, not only your bitcoin will still have value, but you can still support your living, without fear, that your money will not have any worth, we should not forget that bitcoin can be converted to any foreign exchange, we just need to buy the one with the highest exchange if we want to use it.
July 23, 2017, 05:07:33 PM
they ARE saving bitcoin in case of a finacial crash. There are many people holding bitcoin and ethereum right now and the marketcap all or crypto are now more than $100,000,000,000. It is a huge amount of money which is even higher than 50 countries market cap. Therefore, I think you should buy more bitcoin while you still have a chance
The 100 billions you talk about is peanuts.
There is also not a country market cap. It's an annual gdp.
Just for comparison, the Norwegian pension funds hold 900 billions , 9 x times the market cap of all coins.
Bitcoin is a drop of water in a lake. A huge lake
. 
July 23, 2017, 02:45:01 PM
If there is a crisis in the world financial system or in a separate state, people will certainly begin to invest in the digital currency and, above all, bitcoin. It will be because the usual currency and crypto-currency, in my opinion, are practically not interconnected.
July 19, 2017, 01:56:25 AM
Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."
http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6
http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6
It is really necessary, warn people and we could be prepared as he said the worst in your lifetime.
Well, I won't say it true or it just a wild guess without any legit evidence support his words. I prefer stand on neutral side, watch over the market, especially cryptocurrency market and divide my money into several store of value such as gold, cash, bitcoin, and land. If something goes wrong, the most important thing is foods, that's why many people who already prepared has been collecting food stock like canned food which can last for years. I just mentioned about some precaution acts that maybe you want to consider, better to be prepared just in case. Furthermore, you have nothing to lose if you divide your funds into some crucial matters.
July 19, 2017, 12:32:29 AM
they ARE saving bitcoin in case of a finacial crash. There are many people holding bitcoin and ethereum right now and the marketcap all or crypto are now more than $100,000,000,000. It is a huge amount of money which is even higher than 50 countries market cap. Therefore, I think you should buy more bitcoin while you still have a chance
July 15, 2017, 08:28:43 PM
Most times this news are merely expression on opinion but because the individual is an authority in a particular field, the news agency just pick it up without even understanding the basis of his opinion and why he made such statement. Even if it happens, the only people who will likely move their funds are those who are already in bitcoin because someone new is not expected to just trust bitcoin all of a sudden.
That is not the way people think in times of crisis like these, when a huge crisis happens, people will try to find a way to secure their wealth, when the hyperinflation of the Wiemar Republic happen, people did everything to try to preserve their wealth, things were so bad that people paid in the restaurant before eating the food, because if they waited until they finished eating the price would have gone up significantly, so it will not be rare if people decided to adopt bitcoin if an hyperinflation like that happened once again. July 13, 2017, 04:26:43 AM
Probably that's one way to put it but I doubt that will happen any time soon or if it'll happen as what the post was about it will affect a lot of things. And if America's financial crashes down, a lot of countries will be affected and I'm sure bitcoin will also be affected. And maybe if that time comes, some investors might consider putting their savings in Bitcoin. It is a great option especially for investors to put their money into bitcoin.
Just crashing one country financial system will not affect the entire world. And yes I agree if American financial system crashes it will effect on other countries who depend on America and also bitcoin but not much. But I don't think all investors will show interest in bitcoin when this situation arrives in America maybe they will find other better solution for this issue. The whole financial crisis which started in America had an impact on the entire world.
July 12, 2017, 09:12:58 PM
Another guy that predicts the next financial crisis will happen ...sometime in the future
2013
Economist Peter Schiff Forecasts Second Crisis to Hit Around 2013
https://ivn.us/2012/10/28/peter-schiff-who-predicted-the-financial-crisis-forecasts-the-worst-to-come-around-2013-2/
2014
Alessio Rastani Predicts A ‘Devastating’ Financial Crash In 2014
http://www.huffingtonpost.co.uk/2013/10/25/alessio-rastani_n_4162423.html
2015
Beware the financial crisis of 2015
http://www.smh.com.au/business/beware-the-financial-crisis-of-2015-20110331-1cnd5.html
2016
Beware the great 2016 financial crisis, warns leading City pessimist
https://www.theguardian.com/business/2016/jan/12/beware-great-2016-financial-crisis-warns-city-pessimist
This is like the dinosaurs betting an asteroid will hit the earth.
In the end it did but it took around 180 million years to get it right.
You might check this one too:
http://rationalwiki.org/wiki/List_of_predictions_of_the_end_of_the_world#20th_century
In a way you are right, but at the same time it is impossible that things keep working the same way they have worked for the last decades, so a crisis is coming but we do not know when and if it is going to be avoided, the crisis of 2007 to 2008 was terrible but some of its worst effect were averted but the solution found by governments was to indebt themselves, now they no longer can do that, so what is going to happen when the next economic crisis strikes? 2013
Economist Peter Schiff Forecasts Second Crisis to Hit Around 2013
https://ivn.us/2012/10/28/peter-schiff-who-predicted-the-financial-crisis-forecasts-the-worst-to-come-around-2013-2/
2014
Alessio Rastani Predicts A ‘Devastating’ Financial Crash In 2014
http://www.huffingtonpost.co.uk/2013/10/25/alessio-rastani_n_4162423.html
2015
Beware the financial crisis of 2015
http://www.smh.com.au/business/beware-the-financial-crisis-of-2015-20110331-1cnd5.html
2016
Beware the great 2016 financial crisis, warns leading City pessimist
https://www.theguardian.com/business/2016/jan/12/beware-great-2016-financial-crisis-warns-city-pessimist
This is like the dinosaurs betting an asteroid will hit the earth.
In the end it did but it took around 180 million years to get it right.
You might check this one too:
http://rationalwiki.org/wiki/List_of_predictions_of_the_end_of_the_world#20th_century
July 10, 2017, 07:31:49 AM
Probably that's one way to put it but I doubt that will happen any time soon or if it'll happen as what the post was about it will affect a lot of things. And if America's financial crashes down, a lot of countries will be affected and I'm sure bitcoin will also be affected. And maybe if that time comes, some investors might consider putting their savings in Bitcoin. It is a great option especially for investors to put their money into bitcoin.
Just crashing one country financial system will not affect the entire world. And yes I agree if American financial system crashes it will effect on other countries who depend on America and also bitcoin but not much. But I don't think all investors will show interest in bitcoin when this situation arrives in America maybe they will find other better solution for this issue. 
July 10, 2017, 07:23:53 AM
Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."
http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6
Yes. Can you guess what is going on in the future of the economy? That is also a way for you to store money. But I think this way is more risky. Your money may not be safe. http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6
July 10, 2017, 07:22:06 AM
In the event of a global accident, people will switch to more reliable investments in the form of gold or dollars. Now for security, many keep their funds in different directions.
I agree, If the financial market crashes (fiat) cryptocurrencies could be the best alternative for people looking to reinvest their money and bitcoin could go to the moon easily as panic buyers rush to get their hands on btc which could see btc take centre stage and become a worldwide acceptable currencyWhat money?
If a financial crash will happen bye bye money for investments.
People don't realize that if we have a financial crash worse that the last one the disaster left behind will affect bitcoin users too.
Why do you assume people who have lost their money , investment funds with 0 portfolio, millions of unemployed will rush to bitcoin...with what.
July 10, 2017, 07:21:13 AM
Probably that's one way to put it but I doubt that will happen any time soon or if it'll happen as what the post was about it will affect a lot of things. And if America's financial crashes down, a lot of countries will be affected and I'm sure bitcoin will also be affected. And maybe if that time comes, some investors might consider putting their savings in Bitcoin. It is a great option especially for investors to put their money into bitcoin.
July 10, 2017, 07:14:33 AM
Most times this news are merely expression on opinion but because the individual is an authority in a particular field, the news agency just pick it up without even understanding the basis of his opinion and why he made such statement. Even if it happens, the only people who will likely move their funds are those who are already in bitcoin because someone new is not expected to just trust bitcoin all of a sudden.
July 10, 2017, 06:58:42 AM
In this interview, he is just talking about only America's financial crashes not all over the world crashes and also bitcoin has no belong on it.
I don't think that it is bitcoin crash. Even i think may be in that time, bitcoin will be helpful for the people who will be jobless.
May be bitcoin will be done a character of earning source of income in a financial crashes period for American.
I don't think that it is bitcoin crash. Even i think may be in that time, bitcoin will be helpful for the people who will be jobless.
May be bitcoin will be done a character of earning source of income in a financial crashes period for American.
Yup! he never mention anything that start with Bitcoin, and I think this is just a prediction I really think it will happen but bitcoin will be the one that is strong enough to withstand it, and I think it is a total FUD but not for bitcoin but with other investment companies and I really think there is a time when companies will go bye bye and to broke, but not an Asset and a currency to other countries.
July 10, 2017, 06:35:47 AM
In this interview, he is just talking about only America's financial crashes not all over the world crashes and also bitcoin has no belong on it.
I don't think that it is bitcoin crash. Even i think may be in that time, bitcoin will be helpful for the people who will be jobless.
May be bitcoin will be done a character of earning source of income in a financial crashes period for American.
I don't think that it is bitcoin crash. Even i think may be in that time, bitcoin will be helpful for the people who will be jobless.
May be bitcoin will be done a character of earning source of income in a financial crashes period for American.
July 10, 2017, 06:24:58 AM
In the event of a global accident, people will switch to more reliable investments in the form of gold or dollars. Now for security, many keep their funds in different directions.
I agree, If the financial market crashes (fiat) cryptocurrencies could be the best alternative for people looking to reinvest their money and bitcoin could go to the moon easily as panic buyers rush to get their hands on btc which could see btc take centre stage and become a worldwide acceptable currency 
July 10, 2017, 06:12:58 AM
In the event of a global accident, people will switch to more reliable investments in the form of gold or dollars. Now for security, many keep their funds in different directions.
July 10, 2017, 05:19:51 AM
Bitcoin still can't consider as valid currency since their value still volatile or unpredictable
So it's just fit as alternate investation like gold etc. Ofcourse it's wise decision to move their money into investation but at least select a stable one since my friend experience major loss because using bitcoin as active transaction
So it's just fit as alternate investation like gold etc. Ofcourse it's wise decision to move their money into investation but at least select a stable one since my friend experience major loss because using bitcoin as active transaction
July 10, 2017, 05:09:16 AM
Predictions about the collapse of the country's economy have long predicted. Only if something happens. I do not agree with those who transfer their savings to bitcoin. Because they are still afraid of losing them. They say bitcoin is not safe enough to save money. It's better they keep their money in the bank and they feel safe. But that happens to some people who only know the bitcoin from the negative side. For those who are already familiar with bitcoin they choose to invest bitcoin for the medium term. They move their money to invest bitcoin in the hope of gaining a lot of profit
Jump to: