Topic: Will World Economic Depression Affect Bitcoin? - page 3. (Read 711 times)

Of course, it will have a significant impact on the value of Bitcoin and other cryptocurrencies. Even a local economic crisis might have an impact on stocks and cryptocurrency. How much more if the economic depression which is a global crisis. I understand how difficult it is to live in such a circumstances, yet traders and investors profit from it. This is the perfect time to invest large sums of money because when our situation returns to normal, the value of the stock will return to healthy price movement. You can check the chart of a stock or Bitcoin before and after a crisis to see whether the price does not increase.

The global economical situation will definitely affect bitcoin but the degree and type of effect depends on a lot of things.

We can't say it is all negative or all positive. And lets not forget that economy is not exactly "global" while bitcoin is.

I think it is Morality

Since you're assuming something that isn't true, I won't be able to give you an answer as to how that would work out, but I'll mention that I still have money, though not too much, and not too poor to pay for it treat them as something to put first. Remember that the fact that you work and you get paid is fair, so what kind of work does it have, I think you will figure it out for yourself when a farmer does what they do to support them, raise their own livestock to provide food and share it with everyone you can imagine. I do not deny the importance of money in today's life, but it is clear here that we have made a difference between perceiving money as a tool people and people as a tool for money.

So if ECONOMIC DEPRESSION happened again in the world, will it affect bitcoin with it fellow digital currencies? Because economy is the back bone of everything in the world. What affect economy affect all other things. And bitcoin is the father of digital currency.
What is your say.

There was a Great Economic Depression in the world and it started from 1929 and ended in 1939 which stayed about 10 years and that was the longest one ever. In that great economic depression the world ecoonomy was dis-stabilized in all areas of life and livelyhood. Banks were closed down for the long period of years, farms were destroyed, industries closed down. Live was unbearable. People died and human suffer to the core. And everythings  in life were affected no school and life became survival of the fittest.
Now this technology age and must transactions are done online without going to the bank. Sometimes we buy things without going to the supermarket or to the market square you just order from online and you received your goods at your door post without stress.
The present day ecoonomy is much more better comparing to that of 20s down. Things are make easy to use. Physical bank stress is also fading gradually to the hand of technology calls digital currency.
And bitcoin is the Father and the King of this digitalization.
So if ECONOMIC DEPRESSION happened again in the world, will it affect bitcoin with it fellow digital currencies? Because economy is the back bone of everything in the world. What affect economy affect all other things. And bitcoin is the father of digital currency.
What is your say.

In short, if you disagree with the view that economics is not the backbone of everything in this world. What will be the backbone of your life? I want to ask if you have no money in this day and age, how would you survive? Our lives have a lot of things that are necessary, not just money, but if you don't have a stable economy, you have nothing in your hand, even your family, wife, children, and friends will not need you.

You're hungry and there's no one sell any foods, someone offer you either a lunch meal or a Bitcoin, which one you choose? that's what happen.

When the world suffer of economic depression, Bitcoin will become worthless because people will try to save any daily needs as much as they can. Being rich aren't their dream anymore, they dream are only to survive.

However I'm not really sure what's the affect you refer, if you mean economic depression will make Bitcoin become centralized, it's completely wrong.

In short, if you disagree with the view that economics is not the backbone of everything in this world. What will be the backbone of your life? I want to ask if you have no money in this day and age, how would you survive? Our lives have a lot of things that are necessary, not just money, but if you don't have a stable economy, you have nothing in your hand, even your family, wife, children, and friends will not need you.

I do not agree with this view in life, so far I know the importance of the economy in life, but to say it is the core value in our life is absolutely not. Try searching and listening to the sharing of spiritual masters to see how they view this operating economy, their simple but complicated view in the process surprised me even more because it took me so long. Nowadays we just try to follow everything and let the problems in life take control, a pretty good saying I've heard about us being slaves to emotions ranging from happiness to suffering. Matter or things related to the micro to the macro level also have its own operation, disorder or influence has a reason and also has a way to solve it, historical stories have passed. through it is not a warning for people to be afraid but to try to live better to overcome those difficulties.

(...)Because economy is the back bone of everything in the world...

Just because you kneel in front of the government doesn’t mean all the rest of us should as well. If you believe governments care so much about you, why is gambling still allowed? I think it’s so much more damaging than Bitcoin. Why instead of practising safety they’re trying to destroy the crypto industry as we speak?

Although a stupid example, it’s the only one that comes up in my mind: Area 51. Remember the day there was a Facebook group for overturning Area 51 and so many people checked in the US Army had to warn they’ll have to use force to protect the area? It’s kinda like that with Bitcoin too. The government isn’t scared about my delusion. It’s scared about what they weren’t expecting Bitcoin could do.

How do you believe there’s no way to go against the government though? History shows you there’s always a way, but you seem to be living in enough fear to think they’ll always win. They aren’t invincible, you’re very very likely more innocent than they are (don’t pretend politics don’t involve corruption, stealing and all types of illegal things) and it’s not the first time a system or government is overturned.

When world Economic Depression starts, it will affect not only the finance but also all the areas. The main function of human survival is to meet his food needs. When people are self-sufficient  in food, they give priority to other thoughts. What will happen with money if there is no food? We know that Bitcoin is a boon to the economy. But I think Bitcoin has no need to be centralized. It is better as decentralized.

But we can say that even when the global economy is on the verge of collapsing due to various reasons, Bitcoin continues to go through an upward trend. As we saw in case of Covid-19.

So if ECONOMIC DEPRESSION happened again in the world, will it affect bitcoin with it fellow digital currencies? Because economy is the back bone of everything in the world. What affect economy affect all other things. And bitcoin is the father of digital currency.
What is your say.

You're hungry and there's no one sell any foods, someone offer you either a lunch meal or a Bitcoin, which one you choose? that's what happen.

When the world suffer of economic depression, Bitcoin will become worthless because people will try to save any daily needs as much as they can. Being rich aren't their dream anymore, they dream are only to survive.

However I'm not really sure what's the affect you refer, if you mean economic depression will make Bitcoin become centralized, it's completely wrong.

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So if ECONOMIC DEPRESSION happened again in the world, will it affect bitcoin with it fellow digital currencies? Because economy is the back bone of everything in the world. What affect economy affect all other things. And bitcoin is the father of digital currency.
What is your say.

True even investors in Bitcoin might sell some of their assets for them to have funds for their needs like food or essential requirements. It's actually good to invest when there's a case like this where there's an economic downfall so when in times of need you can sell and have some money. The worst scenario is when there's a high rate of inflation while the income of a person still remains the same so it would be a survival every day as your salary is only sufficient for your needs. Bitcoin for sure would have been negatively impacted by this issue, but some people take advantage of its downfall and will try to invest in it so that when it recovers they could also earn.

During an economic depression, people are striving for survival; thus, investing in Bitcoin isn't their first priority. As you may have noticed, we're already in a state of financial depression; the war against Ukraine is still going strong, which is hurting the economy on a worldwide scale, while inflation is still through the roof. And how has Bitcoin performed over the past two years? Certainly not that great, as you may have noticed. It's still more than 50% below the latest ATH, and while that isn't as bad as it sounds, the market is far from recovering, even though it's showing some positive signs.

Just because you kneel in front of the government doesn’t mean all the rest of us should as well. If you believe governments care so much about you, why is gambling still allowed? I think it’s so much more damaging than Bitcoin. Why instead of practising safety they’re trying to destroy the crypto industry as we speak?

Although a stupid example, it’s the only one that comes up in my mind: Area 51. Remember the day there was a Facebook group for overturning Area 51 and so many people checked in the US Army had to warn they’ll have to use force to protect the area? It’s kinda like that with Bitcoin too. The government isn’t scared about my delusion. It’s scared about what they weren’t expecting Bitcoin could do.

How do you believe there’s no way to go against the government though? History shows you there’s always a way, but you seem to be living in enough fear to think they’ll always win. They aren’t invincible, you’re very very likely more innocent than they are (don’t pretend politics don’t involve corruption, stealing and all types of illegal things) and it’s not the first time a system or government is overturned.