Topic: Will people start moving their savings to Bitcoin in case of a financial crash? - page 2. (Read 3526 times)
July 10, 2017, 04:35:42 AM
A notion of financial crash is always something obscure. It’s hard to predict what will happen. But it’s more likely that Bitcoin is a good investment in such case, because it is less involved in the state-regulated economy (due to which financial crashes occur). The Cyprus crisis shows this perfectly. Everyone started buying Bitcoins in order to keep their savings. By the way that was the time when I realized that Bitcoin is something big.
July 08, 2017, 07:51:27 AM
personally I do that cause my country has suffered from big hyperinflation during the last 4 years
gold here is hard to get these days unless you want to buy ear rings or jewelry things and it's not good investment due the high commission for the maker
so bitcoin is my best bet , when I started usuing bitcoing it was like 8 times smaller than these days so bitcoin went way up and currency here went way down
so I guess I did the right thing
gold here is hard to get these days unless you want to buy ear rings or jewelry things and it's not good investment due the high commission for the maker
so bitcoin is my best bet , when I started usuing bitcoing it was like 8 times smaller than these days so bitcoin went way up and currency here went way down
so I guess I did the right thing
July 08, 2017, 07:45:15 AM
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
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 08, 2017, 12:00:45 AM
Peoples are invest their money in bitcoins, because they want to Billoniare with in less time. We can send Bitcoins to anyone without transaction fees.
No one can restrict on Bitcoins. it is very simple to use.
No one can restrict on Bitcoins. it is very simple to use.
July 07, 2017, 10:22:00 PM
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
Jim Rogers is a blowhard. He makes a living by forecasting doom and gloom scenarios. His track record on his predictions is horrible. All that aside, if a financial collapse were to happen, I would expect Bitcoin to fall hard. This price is propped up by speculators and gamblers looking to get rich quick. In a financial crisis, money flows away from the riskiest assets first, and as the current King of speculative vehicles, there's nothing riskier than Bitcoin. When all the money is fleeing to safety, there'll be nothing to prop up the price of Bitcoin.
July 07, 2017, 10:18:14 PM
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's definitely not FUD.
In fact even the top in business knows that a financial crisis is definitel ygoing to come. The 2008 one nearly collapsed the entire world financial system, and i can see a much larger one that is boiling up right now as a result of the endless amount of debt the US owes to exporting, developing countries such as China, india, resulting is a very large current account deficit in the US that will eventually self correct and be absolutely devastating.
Hedge yourself against this by either placing a portion of your wealth in silver/gold or in bitcoin. That is the smart thing to do, at least imo.
July 04, 2017, 09:20:24 PM
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's definitely not FUD.
In fact even the top in business knows that a financial crisis is definitel ygoing to come. The 2008 one nearly collapsed the entire world financial system, and i can see a much larger one that is boiling up right now as a result of the endless amount of debt the US owes to exporting, developing countries such as China, india, resulting is a very large current account deficit in the US that will eventually self correct and be absolutely devastating.
Hedge yourself against this by either placing a portion of your wealth in silver/gold or in bitcoin. That is the smart thing to do, at least imo.
July 04, 2017, 05:01:43 PM
...
I agree with above comments that some savings will move into Bitcoin in a financial crash. BTC could still go down even if some money goes into it, because other holders may need to sell to pay bills...
But, as deisik suggested, the time to get started is NOW (if you do not have BTC and/or gold).
It is always smart to be diversified, especially in times of financial crisis. US stocks are down 1% or so as I write (tech stocks even more).
There are those that think they are going to benefit from a crash of the economic system, but the truth is if the economy crashes, you will need to use your bitcoin to survive, so you will lose most of what you have as most people, bitcoin mostly will be like an insurance policy, so you do not have to suffer as much as those that did not take the right precautions. I agree with above comments that some savings will move into Bitcoin in a financial crash. BTC could still go down even if some money goes into it, because other holders may need to sell to pay bills...
But, as deisik suggested, the time to get started is NOW (if you do not have BTC and/or gold).
It is always smart to be diversified, especially in times of financial crisis. US stocks are down 1% or so as I write (tech stocks even more).
July 01, 2017, 04:09:23 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 just a prediction. Maybe He is right or maybe he is wrong. We should just see what is happening now. We all know that bitcoin is doing well in the past few years and a lots of investors are going into bitcoin. I think it is just a fud so that he can buy a lot more bitcoin with cheap price. So dont panic and just enjoy the ride.
July 01, 2017, 02:24:39 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 just a prediction. Maybe He is right or maybe he is wrong. We should just see what is happening now. We all know that bitcoin is doing well in the past few years and a lots of investors are going into bitcoin. I think it is just a fud so that he can buy a lot more bitcoin with cheap price. So dont panic and just enjoy the ride.
July 01, 2017, 02:23:05 AM
At the moment , I think it's still risk for me to move my all money into bitcoin since bitcoin still consider as risky investment not currency
So my better option still convert my money into gold or other well known investment that have been legalized by goverment
In a financial crises it is better to move your assets to gold and there will be a huge influx of investment in the crypto market as well,the fact remains that there is no other viable options to move your money when there is a economic crises because everything will be affected.So my better option still convert my money into gold or other well known investment that have been legalized by goverment
July 01, 2017, 02:18:57 AM
It is quite possible, I could say.
I believe bitcoin is a really good investment for a long run.
But I don't think that everyone have the guts to do so.
Ppl are tend to invest their money in real thing like real estate, gold etc or some other bussiness.
I believe bitcoin is a really good investment for a long run.
But I don't think that everyone have the guts to do so.
Ppl are tend to invest their money in real thing like real estate, gold etc or some other bussiness.
July 01, 2017, 02:17:05 AM
Small local financial crashes are good for bitcoin,but a major world crash like the great depression might hit
cryptocurrencies as well.
I don`t think that people will trust a cryptocurrency when the major crash happens.
They will most likely buy gold and silver.
cryptocurrencies as well.
I don`t think that people will trust a cryptocurrency when the major crash happens.
They will most likely buy gold and silver.
Well if likely there will be a major crash is happening, I'd rather invest my finances to some business that I think that don't be affected by the crash. If I'll invest in cryptocurrency, just some part of my finances will do as there will no 100% assurance of return of investment. I'll distribute it equally where I think it can have a good output
That would be risky as hell
It is businesses that are going down during major crashes. In fact, this is what an economic meltdown primarily consists in or even caused by, i.e. lowering or outright vanishing business activity. You may think that a certain business may not get affected by the crisis, but this is not so since all businesses suffer dramatically, it is just a matter of degree. That is, some businesses suffer more, some less. And I'm not even speaking that such investments are risky on their own even in the times of economic boom and revival (read you can still easily lose your investments, see the dotcom bubble)
July 01, 2017, 02:06:03 AM
I suppose people will rather move their founds in gold or realty as usual. Bitcoin stays not attractive for investment, because of it's unpredictable nature.
July 01, 2017, 01:51:20 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
Definitely not FUD.
The CPI has been slowly creeping up over the past few years after the financial crisis of 2008. You probably don't realise it, but the governments are trying to do their QE(quantitative easing) to keep the situation under control. But they can't just keep printing more and more dollar, it's not possible.
When the whole debt situation gets out of hand, that's when the whole fiat bubble just bursts into flames and implodes onto itself.
The best way to hedge yourself against this? You guessed it - bitcoin. It's independent to any government association, nobody can do the same stupid quantative easing stuff on bitcoin like they do on fiat currencies.
July 01, 2017, 01:24:53 AM
possible, but i think it will depend on how the people know about bitcoin or how information they have to fully trust bitcoin and see it as a good way to divert their assets incase that will happen.
I feel that it’s possible as well since the people that have Bitcoin have somewhat of an idea that fiat is literally worth nothing unless the Government says that it’s worth something.Bitcoin has a bunch of people with the confidence that fiat is just paper so once that disaster happens then they and the Government will move on to an electronic form for payments.
July 01, 2017, 12:46:33 AM
Small local financial crashes are good for bitcoin,but a major world crash like the great depression might hit
cryptocurrencies as well.
I don`t think that people will trust a cryptocurrency when the major crash happens.
They will most likely buy gold and silver.
cryptocurrencies as well.
I don`t think that people will trust a cryptocurrency when the major crash happens.
They will most likely buy gold and silver.
Well if likely there will be a major crash is happening, I'd rather invest my finances to some business that I think that don't be affected by the crash. If I'll invest in cryptocurrency, just some part of my finances will do as there will no 100% assurance of return of investment. I'll distribute it equally where I think it can have a good output.
July 01, 2017, 12:03:14 AM
I think its just a fud just to make a panic in those holder who will read it and believe it,he is doing it for her self only to buy more low valued bitcoins for storage on his wallet and for his future
When there are issues that can lead to even worse issues, steps have been taken and these are always public and not hidden to much of an extent, and these steps have prevented financial disaster by spreading the issues out over time, covering the blood stains with a throw rug and keeping faith in the system by the people when there is little reason to have it. No crash coming, Bitcoin is not a saving plan and this forum is not going to educate the new guy well with threads like this throwing false information into the wind.
June 29, 2017, 01:04:48 PM
...
I agree with above comments that some savings will move into Bitcoin in a financial crash. BTC could still go down even if some money goes into it, because other holders may need to sell to pay bills...
But, as deisik suggested, the time to get started is NOW (if you do not have BTC and/or gold).
It is always smart to be diversified, especially in times of financial crisis. US stocks are down 1% or so as I write (tech stocks even more).
I agree with above comments that some savings will move into Bitcoin in a financial crash. BTC could still go down even if some money goes into it, because other holders may need to sell to pay bills...
But, as deisik suggested, the time to get started is NOW (if you do not have BTC and/or gold).
It is always smart to be diversified, especially in times of financial crisis. US stocks are down 1% or so as I write (tech stocks even more).
June 29, 2017, 12:47:54 PM
It would be so unlikely for someone that doesn't know about bitcoin to just know about it instantly in case of a financial crash. Most people that will be affected by financial crash don't even know how to find something that's a good store of value like gold or bitcoins. I know that I will save all my money to bitcoins.
I really doubt that a regular guy will just try to learn all these things by himself. Most people don't even know that their fiat currency is having lower and lower value due to inflation. They will only recognize it once it's hyperinflated like the Zimbabwean dollars. With the financial crash, the regular guy will just think that we're all in this together. He will think that he's not the only victim so he doesn't have to feel so bad about his money crashing down.
I really doubt that a regular guy will just try to learn all these things by himself. Most people don't even know that their fiat currency is having lower and lower value due to inflation. They will only recognize it once it's hyperinflated like the Zimbabwean dollars. With the financial crash, the regular guy will just think that we're all in this together. He will think that he's not the only victim so he doesn't have to feel so bad about his money crashing down.
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