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Topic: WORLD CRISIS IN 2018 - page 6. (Read 1202 times)

hero member
Activity: 1361
Merit: 506
September 19, 2018, 08:25:43 AM
#29
By 2018 the world economy is falling, there is currently chaos in the economy around the world. there are even some countries declared bankrupt by the world this year. a country that is able to survive in conditions like now only countries that have a large gold stock. China and America are currently collecting gold from all over the world. the goal is to maintain their existence and also to survive the coming crisis. I want to know whether cryptocurrency, especially Bitcoin, will be affected by the current crisis? I want to hear from the seniors here.
Early Turkey was said to face crisis and then now, its Dubai's turn. Its true that gold is much appreciated to hold in times of crisis. From the bitcoin has been created, the world has not faced any crisis and so its difficult to predict the role of bitcoin if a world crisis occurs.
member
Activity: 162
Merit: 10
September 19, 2018, 07:57:27 AM
#28
It is interesting to see how China is becoming the world's strongest financial superpower. Nowadays, USA does not seem to worry about this status anymore, as they tend to focus more on local issues. The ridiculous amount of credit China has sourced out both domestically and internationally is a bit scary, and they must be able to control the situation with strong and rational regulations to avoid a worldwide crisis.
hero member
Activity: 1540
Merit: 500
September 19, 2018, 07:36:34 AM
#27
By 2018 the world economy is falling, there is currently chaos in the economy around the world. there are even some countries declared bankrupt by the world this year. a country that is able to survive in conditions like now only countries that have a large gold stock. China and America are currently collecting gold from all over the world. the goal is to maintain their existence and also to survive the coming crisis. I want to know whether cryptocurrency, especially bitcoin, will be affected by the current crisis? I want to hear from the seniors here.

You seem to be overly paranoid for recession. World economy is not going to fall and even if it does it would be far from chaos that some people have in their mind. However, it would be good for cryptocurrency as people would need to invest their money elsewhere when real recession hits the market but it won't be as bad. no chaos.
Ucy
sr. member
Activity: 2674
Merit: 403
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September 19, 2018, 07:30:38 AM
#26
What is the essence of hoarding gold if there will be a global crisis? Gold could be beneficial if the crisis is restricted to just one location. Neither Cryptocurrency nor Gold will be very beneficial in a global crisis. The new Gold in my opinion would be long lasting quality food
member
Activity: 378
Merit: 25
September 18, 2018, 10:07:18 PM
#25
hypothetically true, if we are to study the previous years, the economy is getting worst every year, these are results of current crisis in the rich countries, conflicts and war against each superpower, ever growing population and unemployment in almost all economic countries, this will surely affects crypto in such a massive way, inflations are a common problem globally. it is like a domino, an after effect  due to wars and conflicts in different parts of the world. politically ruled out. natural disasters occurs destroying lives and properties adds up to the factors that affect the worlds economy.
full member
Activity: 2086
Merit: 193
September 18, 2018, 06:54:49 PM
#24
it is true that the world is currently experiencing a crisis and that has happened to Venezuela, and it is possible that Crypto could also be affected.
In some countries in Europe also are still in a crisis, we are experiencing a big dump in some market. In my place, the inflation is very high and our economy are slowing down, maybe we are really in a crisis and later on, world financial crisis will happen again as debt worldwide continues to rise. Hopefully, cryptomarket can be the key to prevent it or may this can be a good alternative if crisis happens globally.
full member
Activity: 588
Merit: 100
September 18, 2018, 06:32:18 PM
#23
I think you are merely speculating, How do you know which country is going to bankrupt and which one is not? on the other hands it doesn't affect the crypto markets price only drops in a dramatic way if some big exchanges are hacked and there will be a panicked selling again like last time.
Oh but I don't think he's just saying anything to derogate any country. He's right, economies are getting tanked each day and the superpowers are also continuing to maximize their economic powers. The world is being controlled by some few countries but it's occurring "subconsciously" so we don't see it well. For instance, China is taking over the African economies- they keep on offering huge loans with partnerships and so on and so forth. We're in a new form of colonization.
full member
Activity: 644
Merit: 100
September 18, 2018, 05:23:18 PM
#22
1998,2008, and now 2018 I think this is now also an economic crisis especially this is felt in the crypto currency investment business, many investors suffer losses then selling their assets ontak this triggers a deeper fall in prices, and invites other investors to make sales their assets, this was also triggered by an economic attack by the United States on some countries,
hero member
Activity: 980
Merit: 507
September 18, 2018, 02:52:45 PM
#21
There always seem to be someone that says that the economy is crashing every single year, and it really just never happens. Even global recessions have been survivable. I really don't see the death of the global economy in my lifetime.

Either way, gold is very scarce and there's no way hoarding it will be able to save a failing economy. It could help citizens of a failing economy though. It's unlikely that Bitcoin will be affected by any local crisis, but I seriously doubt it would be unaffected by a global one, where everything falls off a cliff.

Everyone has different theories, but ultimately, I hope we never find out.
If you don't see a global collapse happening, then you're either too stupid or you're ignorant to even think about it. Every country has a fuckall GDP, people are taking more loans and not ever paying back. The cost that these loans come at itself are so fucked. An average of the interest rates is estimated to be at around 60-70% PA. Welfare system of every country sucks. On top of that, people are entitled to pay taxes which they don't,and the taxes rates is another fucking barrier. People are too interested in bothering about how they look on their Instagram,or if fish4hoes.com is a good site or not. On top of that, people are interested in going for wars witj other countries because bitch their ego is fucking huge.
jr. member
Activity: 223
Merit: 1
September 18, 2018, 02:15:59 PM
#20
By 2018 the world economy is falling, there is currently chaos in the economy around the world. there are even some countries declared bankrupt by the world this year. a country that is able to survive in conditions like now only countries that have a large gold stock. China and America are currently collecting gold from all over the world. the goal is to maintain their existence and also to survive the coming crisis. I want to know whether cryptocurrency, especially bitcoin, will be affected by the current crisis? I want to hear from the seniors here.

Crypto currency is their answer most likely.  The governments have been way to alright with a competing currency hanging out.  Usually its an all out war to destroy and kill the competitor off.  I'm positive this is the next iteration of controlling us with technology.  They will now see all transactions and have a tax weapon to yield against us and keep us poor. 
hero member
Activity: 2632
Merit: 833
September 18, 2018, 04:56:13 AM
#19
By 2018 the world economy is falling, there is currently chaos in the economy around the world. there are even some countries declared bankrupt by the world this year. a country that is able to survive in conditions like now only countries that have a large gold stock. China and America are currently collecting gold from all over the world. the goal is to maintain their existence and also to survive the coming crisis. I want to know whether cryptocurrency, especially bitcoin, will be affected by the current crisis? I want to hear from the seniors here.

If you are going to red news from all over the world, yes, looks like we are in the brink of another economic collapse. If there is another catalyst, it would be 2008 again. As for crypto, if people are smart, they will run to crypto as store of value or hedge against such disasters. But its just my assumption, I might be wrong though, we really haven't seen crypto, only isolated countries with financial troubles has taken advantage of crypto like bitcoins, so it remains to be seen.

What catalyst? Banking collapse of 2008? Not sure about that. I think the US government will go and try to avert it at any cost. They already have learn their lessons and I don't see Trump allowing it as long as he is the President. He already done a lot, like cutting taxes and economic reforms so it will not be the US as the catalyst if ever another global financial crisis occur.

Crypto has been touted the next gold, so I wouldn't be surprised it a scenario came to light when coins like Bitcoin become the go to hedge of investors globally. Gold and other precious metal will still dominate followed by crypto perhaps.
hero member
Activity: 2660
Merit: 551
September 18, 2018, 04:46:15 AM
#18
By 2018 the world economy is falling, there is currently chaos in the economy around the world. there are even some countries declared bankrupt by the world this year. a country that is able to survive in conditions like now only countries that have a large gold stock. China and America are currently collecting gold from all over the world. the goal is to maintain their existence and also to survive the coming crisis. I want to know whether cryptocurrency, especially bitcoin, will be affected by the current crisis? I want to hear from the seniors here.

If you are going to red news from all over the world, yes, looks like we are in the brink of another economic collapse. If there is another catalyst, it would be 2008 again. As for crypto, if people are smart, they will run to crypto as store of value or hedge against such disasters. But its just my assumption, I might be wrong though, we really haven't seen crypto, only isolated countries with financial troubles has taken advantage of crypto like bitcoins, so it remains to be seen.
newbie
Activity: 42
Merit: 0
September 18, 2018, 04:32:16 AM
#17
By 2018 the world economy is falling, there is currently chaos in the economy around the world. there are even some countries declared bankrupt by the world this year. a country that is able to survive in conditions like now only countries that have a large gold stock. China and America are currently collecting gold from all over the world. the goal is to maintain their existence and also to survive the coming crisis. I want to know whether cryptocurrency, especially bitcoin, will be affected by the current crisis? I want to hear from the seniors here.
Indeed, currently the 2018 world financial condition has declined significantly, but crypto can be an investment that can be profitable even though the crypto value can decline at any time but it is not a very serious problem because of course the world finances and especially crypto will definitely continue to be better and even produce huge profits.
newbie
Activity: 28
Merit: 1
September 18, 2018, 04:31:05 AM
#16
In my opinion, there is no clear threat from bitcoin to the financial stability of key markets over the next few years. Bitcoin is the electronic money that has the largest number of regulations and so far the currencies are most likely to get the most legal support. The value of electronic money will be the bright spot in the financial crisis.
newbie
Activity: 78
Merit: 0
September 18, 2018, 04:12:52 AM
#15
Obviously this is an event that every government knows. But what they believe is controlling the market and delaying the arrival of the financial crisis. But this is not a good thing. When the next financial crisis comes, it will be more intense.
sr. member
Activity: 700
Merit: 275
September 18, 2018, 03:45:09 AM
#14
By 2018 the world economy is falling, there is currently chaos in the economy around the world. there are even some countries declared bankrupt by the world this year. a country that is able to survive in conditions like now only countries that have a large gold stock. China and America are currently collecting gold from all over the world. the goal is to maintain their existence and also to survive the coming crisis. I want to know whether cryptocurrency, especially bitcoin, will be affected by the current crisis? I want to hear from the seniors here.

Crisis and its effect on the crypto currency looks to me minimal. You know what it is very much like comparing the apple and oranges !! Yes, crisis wold happen with the countries situation in respect to the trades that are happening within the country. For example, things getting cheaper and government not getting sufficient taxes over it plus international output becoming lesser and lesser day by day and thus not getting any foreign money driven within the country and basically very small and big things that runs the countries economy. Now I dont see how that can affect the environment of crypto currency which is not having any bridge between the two.
legendary
Activity: 3668
Merit: 6382
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September 18, 2018, 12:29:46 AM
#13
By 2018 the world economy is falling,

We are getting close to that, but not there yet.

there is currently chaos in the economy around the world.

Umm.. nope, you're incorrect.

there are even some countries declared bankrupt by the world this year.

Bankrupt countries, or at least at the edge of bankruptcy, they are at the horizon for some time. Publicly declared bankrupt? No. That's bad business and it won't happen.

a country that is able to survive in conditions like now only countries that have a large gold stock.

Incorrect, by far. There are plenty of other ways, not only gold.

China and America are currently collecting gold from all over the world. the goal is to maintain their existence and also to survive the coming crisis.

Possibly China, but not US; US are usually overconfident on their printed paper.

I want to know whether cryptocurrency, especially bitcoin, will be affected by the current crisis? I want to hear from the seniors here.

There's no crisis, not yet.
Bitcoin will not be affected by any crisis, it works very well.
On the other hand, Bitcoin price may fall, since big investors, the real ones, may have to sell Bitcoin to save other businesses. (Edit: on the other hand, Bitcoin should rise now, before crisis, since people should buy to prepare..)

Are you sure you wanted to know anything and didn't just want to convince Bitcoiners buy gold?
sr. member
Activity: 588
Merit: 257
September 18, 2018, 12:20:20 AM
#12
I am not sure if I have heard of nay such news which states that there are countries which are currently going under bankruptcy. Well, though they go under such situation then they will be working on their deflation at the first and may recover situation by taking huge taxes over the products and services within the country.

Anyway gold is always the secured reservoir in many situation because its devaluation is impossible due to ever growing demand of it. The powerful countries will always have these in sufficient amount to cop up the crisis.

Anyways, the real deal is crypto currency that we need to discuss about. According to my guessing, crypto will get affected adversely because most of the investors will sell these for the gold as they will feel it more secure than the digital currency which may get volatilised very fast after the crisis.
hero member
Activity: 1820
Merit: 515
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September 18, 2018, 12:20:13 AM
#11
By 2018 the world economy is falling, there is currently chaos in the economy around the world. there are even some countries declared bankrupt by the world this year. a country that is able to survive in conditions like now only countries that have a large gold stock. China and America are currently collecting gold from all over the world. the goal is to maintain their existence and also to survive the coming crisis. I want to know whether cryptocurrency, especially bitcoin, will be affected by the current crisis? I want to hear from the seniors here.
The world economy is not going into crisis in 2018 only some countries like Iran because of the USA's politics which causes the fuel price to sky rocket again but still everything under control there is no big fall in the most of the countries but in future we may have some huge crisis on the countries like USA because of poor managed governments based on some economic experts and even Simpson creators predicted that there will be huge crisis at 2040.
legendary
Activity: 1918
Merit: 1012
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September 17, 2018, 11:53:20 PM
#10
By 2018 the world economy is falling, there is currently chaos in the economy around the world. there are even some countries declared bankrupt by the world this year. a country that is able to survive in conditions like now only countries that have a large gold stock. China and America are currently collecting gold from all over the world. the goal is to maintain their existence and also to survive the coming crisis. I want to know whether cryptocurrency, especially bitcoin, will be affected by the current crisis? I want to hear from the seniors here.

I really doubt if China and America are collecting gold. You should probably include sources, if you want people to take you seriously. Nobody declares countries bankrupts, that is only for companies. Countries default on their debt obligations.
Even if we do have a crisis, I don't think the crypto space is mature enough to benefit as a safe haven asset.
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