Will people start moving their savings to Bitcoin in case of a financial crash? - page 5.

streazight

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Quote from: iluvpie60 on June 12, 2017, 08:27:03 AM

Quote from: virtualdn on June 11, 2017, 11:14:27 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

It would be a smart investment I believe for many people to have their future outlays of money be put into BTC.

Sure it makes sense when the price is going up an up and away! But is the price of BTC going to continue to go up this year?it is possible that it will stay flat for awhile. You do not want to risk putting your savings into something that can flatline or drop to zero. Savings are usually something that has a lower amount of return but is considered very safe.

All we need is another MTGOX and there go a bunch of peoples value on BTC unfortunately...

Yes, looking at the progress and the potential of the Bitcoin it is a very much good investment for the future. I guess the Bitcoin is helping many people to survive and have made many people fit to the machinery, before the Bitcoin there were the people hopeless and unhappy but the Bitcoin have sparked in their lives as a hope and no doubt the bitcoin is sprinkling happiness all over. So how could some still doubt that the bitcoin is not a good investment for the future?

richmcrich

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Quote from: uneng on June 11, 2017, 11:22:24 PM

I don't believe on it. Since much time ago experts say things about market crashes, that world economy will colapse... But the true is there is always solution and ways to avoid big crashes, that is why there are economists in the governments.
But no doubt bitcoin is a good investment to put savings, I just don't think to put all the money you have in bitcoins is a good idea.

There is ups and down in everything whenever people start doing something he/she must be ready for its advantages and disadvantages both and I guess small financial crashes are not so much harmful in Bitcoin, secondly whenever we see some crisis in any part of the world the price of Bitcoin increases, so if people look at its increasing price they will prefer to move their savings to Bitcoin to avoid max cash in any businesses.

Kevin77

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Quote from: hajimasan on June 12, 2017, 08:51:09 AM

Quote from: virtualdn on June 11, 2017, 11:14:27 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

there's many people who thinks themself as great and releases hypothetical theory and predictions so we people have our 6th sense and we should not care about their word we are human and are intelligence enough and we can justify whether the saying if any third person is try our not. Blindly believing on them might not work all the time we have to check oneself whether the saying is true of hypothetical. He told that there will be financial crash edition few years but how he know that. How pore can predict future of market. It's all about people who have full control over market and it's elements which are either directly or indirectly linked to market stabilization. And it's not easy that their will be financial crash and how can he say that I don't agree with statement. And yes it's good idea to save money in bitcoin because as the price will touch high and we will have actually more valued money when we will sell it so it's a plus point for us.

Well this is funny man if you going to work upon your sixth sense, then sorry to say but it don’t really seems sensible to me.

I guess your knowledge is something that should be used in making a certain decision otherwise if the investing would have done by the guessing stuff then it would not be termed as investment but it would be called gambling. As we have seen that all the successful investors works on the calculations and makes decisions based on these calculations. So, it is better increase your knowledge and skills and decide to what to do on the basis of your research.

SvenBomvolen

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I think people will chose gold for the case of economy crash rather bitcoin. First of all not so many people know and use bitcoin yet, and gold had shown itself as the most safe way for capital safety.

sana54210

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Quote from: Amph on June 12, 2017, 12:11:54 AM

this same collapse was predicted so many time it's not funny anymore, and it did not happen each tiem it was predicted, i guess eventually some fiat will crash in the future

but thinking that all the fiat will crash and people start to move on bitcoin is silly, they will play the same game about printing more money out of thin air and paying the debt with more debt

Yes it is not a matter for the people to take it serious anymore. Actually such rumours comes in a time when the government or the people seeking threat from something which could go against the interest of them. So, the easy way is to create such rumours and propagate them so that the people stay away in getting involved in the respective activity.

It is very hard for me to realize that there are people who think that the Bitcoin will affect the fiat, I can’t do anything for them except feeling petty for them as they are too innocent to use their brain.

SamMurphy

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Bitcoin unionhead who's neglecting fiat :)

I think yes, if there is a case to save your money you will invest them on bitcoin or gold/silver. For me gold/silver and bitcoin for now it's the same. But still I wouldn't move all my money on bitcoin because if I wanted to cash them out their value wouldn't be the same. Some of them in bitcoin, some of them in gold/silver and some of them in cash. Also this shouldn't happen only in those cases, you have to be sure that at least half of your money are safe in any case.

Panxora_COO

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Chief Operating Officer of the Panxora Group

I agree with itsallpc but would add that you see the wealthy in China looking for a back door to get out of the Yuan against government wishes. You also see many countries in Latin America where the government policies are so repressive and corrupt that money is moving to bitcoins as it is starting to be seen as a bit more stable and a LOT more flexible.
For years governments have been putting off an eventual credit crisis and there are only 5 countries in the world that carry no debt. Most carry way more than their GDP.
You can put these problems off but you cannot get rid of them. Eventually our culture's reliance on debt is going to have a BIG price to pay.

itsallpc

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Definitely people would do that.Even i personally saw many rich people shifting their investments into bitcoin when the indian government banned the high value notes as a result of demonitization.Lots of black money holders safely moved their savings in to bitcoins to escape from income tax department.The same would happen when a economic crisis hits the world globally.

BillyBobZorton

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Quote from: Amph on June 12, 2017, 12:11:54 AM

this same collapse was predicted so many time it's not funny anymore, and it did not happen each tiem it was predicted, i guess eventually some fiat will crash in the future

but thinking that all the fiat will crash and people start to move on bitcoin is silly, they will play the same game about printing more money out of thin air and paying the debt with more debt

Fiats have a life expectancy of 100-150 years, so according to past events, we should be seeing in the fall of the dollar somewhere around 2020-2040... who knows what will happen.

If bitcoin manages to stay safe from hardforking drama and remains a solid network, im sure people will look into buying some bitcoin as an hedge against a massive fiat crash.

Kprawn

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Quote from: richsoon on June 12, 2017, 08:54:46 AM

Bitcoin, gold and ethereum I think and with the way things are going now it looks like Ethereum is the safer bet too.

In any case I think crypto has cemented its place in our world for generations to come.

Hope you not using drugs when you making investment decisions. Roll Eyes

If you look closely at Ethereum you will notice that it was put together in a

way to try to bypass legislations and laws applicable to Securities. They included the usual things people try... Non Profits / Trying to pass it off as

a "Token" .... They will try to get away with this as long as they can. They being the Developers and the founders and people who got paid to

work on the platform. A contract is a contract and a speculative contract is even worst. Ethereum is going to make some people rich and some will

go bankrupt. One of the founders saw this early on..{just after the DAO} and he jumped ship. Angry

gentlemand

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Welt Am Draht

There seems to be a full time cottage industry of people predicting the death of the dollar and financial crashes. Maybe one day they'll be right. In the meantime I do not value their opinion.

If there was a crash now then hardly anyone would use BTC as a lifeboat. It's a speculative plaything and would be the first to go if people got truly squeezed.

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

Many finamcial crashes happened so far and never people have the alternative like Bitcoin or some other cryptocurrency. Still Bitcoin is too volatile and has some disadvantages that stop it from beeing secure alternative and although many people don't like banks Bitcoin doesn't seem as the only option and that is axt good because you always have to diversify your investments.

franco123

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In my opinion, Bitcoin is just one of the options to minimize the risk of being affected by a financial crash. The world economy is very unpredictable which makes it hard to predict when a financial crash will occur. Everything can be affected by a financial crash which is why it is not appropriate to move ALL your savings to Bitcoin. However, it is possible to diversify the risk of a financial crash by putting up your money in to different financial instruments. You can use Bitcoin as one alternative financial instrument since it was already established for quite some time. But you should also save or invest your money in some other financial instruments like in bank, business, real estate, stocks/bonds etc. Just remember this saying when diversifying the financial risk, "Do not put all your eggs in one basket".

FiNaLize

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Crashes are bound to happen, but his specific prediction is unlikely. Satoshi invented this coin to make it independent from banks, so yes if a crash does happen people will start moving the funds to BTC/alts.

aoluain

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I think more and more people are buying into BTC and crypto
but I'm not so sure everyone is in it in case of a financial crash
or security for the future.

Sure there are a number of people who are in for the long haul
but I think personally that there are quite a lot of ordinary people
in at the moment for the "get rich quick" deal.

ocid

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As what jim rogers explains that he predicts the fall of the market in a few years he invites us so we can invest with technological developments at the moment just as we are investing using bitcoin because at present the bitcoin value is so promising that he can predict it in a way We are investing in it then it will be more promising for future economic needs.
But I do not think we are required to save all our money into bitcoin because it is feared if we do that security by investing in bitcoin in the future will experience a very weak level of security so that the money we invest can be easily stolen by people who Crime through the internet.
But if we are already very confident with the security system via the internet we should do some of our money that will be invested by setting aside our income and put into bitcoin.

richsoon

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Bitcoin, gold and ethereum I think and with the way things are going now it looks like Ethereum is the safer bet too.

In any case I think crypto has cemented its place in our world for generations to come.

hajimasan

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Quote from: virtualdn on June 11, 2017, 11:14:27 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

there's many people who thinks themself as great and releases hypothetical theory and predictions so we people have our 6th sense and we should not care about their word we are human and are intelligence enough and we can justify whether the saying if any third person is try our not. Blindly believing on them might not work all the time we have to check oneself whether the saying is true of hypothetical. He told that there will be financial crash edition few years but how he know that. How pore can predict future of market. It's all about people who have full control over market and it's elements which are either directly or indirectly linked to market stabilization. And it's not easy that their will be financial crash and how can he say that I don't agree with statement. And yes it's good idea to save money in bitcoin because as the price will touch high and we will have actually more valued money when we will sell it so it's a plus point for us.

deisik

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Quote from: Kakmakr on June 12, 2017, 02:47:15 AM

Gold & Silver is not the ultimate Safe Heaven for wealth. < Governments has banned and confiscated Gold & Silver ownership before >

Yesterday is not the same as today

Before people somehow had more trust in the government, now this blind faith is mostly gone, and no one is going to give a fuck about some random dudes demanding what doesn't belong to them. Obviously, you refer to the executive order signed in 1933 by the US president Roosevelt and which "forbids the hoarding of gold coin, gold bullion, and gold certificates within the continental United States", as per Wikipedia. Now imagine that Trump issues a similar order, and do you really think that people will voluntarily give away their precious gold? The possession of gold in the US is said to be well correlated with the possession of guns, so you may well picture the outcome of this endeavor

UCHCHILD

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There were many time that people let market crashes even collapse worst is dead alligations but nothing happened it still moving forward actually no one can make our market crash down especially fiat money because it is everyone's necessity so why people will let things down when it helps their daily needs? But investing in bitcoin is fairly good and more profitable.
I guess this kind of rumors is not that effective to make people change their minds, blowing their minds that something will happen so they need to switch on bitcoin.

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