Bitcoin Forum

The next crisis is already in motion for the subprime auto loans, student debt loan, and the re-inflated housing bubble.  than you also have the high yield junk bonds problem, high p/e ratio for big companies, increasing inflation, high unemployment rate,  Saudi's transitioning to China and the yuan, effectively killing the petrol dollar and our ability to print money out of thin air to pay of things, no manufacturing infrastructure due to outsourcing, explosion of domestic retailers closing shop, and the list goes on and on. 
When the shit hit the fan, it's going to be spectacular.  they won't have the tools like they did during the 08 crisis with interest rates already at historic lows.  be prepare for bail-ins.  there's going to be a bank holiday and like in Cyprus a few years back, when they reopened, a large portion of their deposits were gone cause remember, when you deposit money into banks, you essentially become a creditor and are liable to incur losses when banks can't cover their bad investments(bets).

I would like to say that at that point I think the banks will screw up and will have to be saved. To screw up cryptocurrencies, you have to screw all the miners.

Crisis in fiat financial sector will effect cryptocurrency, at least at the beginning.
Later on crypto will overtake.

Do you think cryptocurrencie can replace normal money in the future?

Crypto currency will protect its holders.
The crisis will affect the banking sector, and bitcoin "to the moon"

the crisis will give impetus to investors to search for new sources of profit. in the media will be more likely to sound messages about bitcoin as an alternative. and in general the market of crypto-currencies against this background will gain momentum. look at the capitalization of this market - it grows and updates the highs. from the stock market people go into the crypt

I really do not see it affecting cryptocurrency negatively. Crypto is not controlled by anyone and except people are trying to dump their cryptos for a system that is having problem, then I guess it is not something we should even be debating right now.
I see this situation as an option for investors to even move into cryptocurrencies as they will be finding a better place to start keeping their funds without it being affected by the manipulations and control of the corrupt system.

I will see it as the best time for cryptocurrencies to shine really. There has always been crisis in the fiat sector as banks have always been there in the background trying to manipulate everything. This would give investors and every other person the idea about cryptocurrency and why decentralization is just the main key to all these bullshit being rubbed on them.

Obviously, no one can really tell what the future really holds right now as we cannot tell. One thing I am sure of is that, financial crisis like this in the fiat world will make investors to even find a better way to store their money and not get manipulated by the system which is highly corrupt and just busy manipulating everything. To the moon, I believe.

financial crisis only affects the centralized investment option bro. All the decentralized investments will not comes under financial crisis correction at all.
I am pretty sure you can invest your huge funds in fiats into bitcoin because profit will be highly juicy in your wallet when you see the bitcoin price in their fiat currency value.
Since bitcoin not yet controllable by the Government side. that is the reason many countries not taking bitcoin as legal one.

I think this crisis is happening in many countries, this is a serious concern and this is not good if it continues. To avoid bad things happen, I always keep my assets in the form of crypto 70%, property 20% and gold 10%. I am sure it is safer than we store in a bank.

If there is going to be one, in order to minimize the risk... please get your people educated and make sure they are managing their risk well.

I bet there is many Bitcoin millionaires in Greece. They have had a though time with their economy and banks, so there were BTC ATM's "everywhere" it seemed?

I am not afraid of a financial crisis, only the possible way to avoid it, that some very armed governments,
they can choose.

There is huge media exposure to cryptocurrencies now and if anybody has not invested in bitcoin ether etc., it is the correct time now.

ı guess today is the crisis day for altcoins, almost all of them going down

There will be always a crisis in this, so if they don't solve that, this crisis will hurt all banks. And that was the time that crytocurrency will take over. But again crisis will always be there. So before that crisis occur try to think any way to avoid that.

There was this thing in the news saying that bitcoin and millennials threaten the survival of traditional savings accounts.

Real world crisis will make jobss easy for cryptocurrencies i think. Peoples will begin to debate the value and credibility of state money. Crypto money will gain more credibility.

This will actually make the cypto currencies more powerful because when the investors will not get any return on financial asset class then they will switch to other products and thus cypto currencies will be on their plans. Thus a huge investment would be received and demand will soar thus leading to more high price rise.

I believe there are already people who are making their daily income from cryptocurrencies only.

The current crisis in cryptocurrencies is due to the growth of scams or hacking.

When the crisis comes, the fiat money becomes scarce.
Very interesting, crypto currencies will become a "safe haven" for investors?

Wont BTC and all cryptocurrencies also fail if there was a global financial crisis? The traction BTC has gained is not enough to make it a self sustaining financial system because we still base its value on fiat. Think about it, it's fiat that's making BTC fly. Without it we would not give a crap about BTC.

I'm not completely sure with that,could be the same case for example with precious metals,so that when there is a recurrent or sudden crisis sometimes the value of metals rises considerably and also its value is intrisically related to fiat,that's why I'm in doubt with your position,the financial crisis could be something extremely complex that to be influenced by many factors and it takes many years for them to occur,the worst would be the duration maybe.

BTC dip down and up around 9000$ is showing some sign. USDT or good altcoin is the way to go.

Everybody is talking about the financial system crash, so crypto is gonna be even bigger in 2018!

Not only on the miners but you would need to screw up the community who do engage on it which we can see that it is really an impossible thing to do. We do see a strong support which mean it cant be easily screwed by them and would really still remain thats why they decided to ban or prohibit it either.If fiat currencies do crash then expect cryptocurrencies value would be mainly affected knowing that they do base on fiat itself too.

The 20T plus deficet is also an issue.

I think it would probably have a positive effect of cryptocurrencies. People already distrust corrupt government and financial institutions, a major financial collapse, could potentially push crypto fully into the mainstream as a true alternative financial system.

I think crypto needs a few years to get to the level in allowing in the general public.
Better wallets, a potential paper money equivalent ( I know its weird but grandma ain't gonna use crypto easily).
And most importantly, a coin that does not have 6 decimals. Electroneum has a good idea there.

I agree with you. Most importantly, this new system is the fast-spreading of the new network, and people's interest in it is the future of bitcoin.

The key for mass adoption in my mind is fast, easy to use mobile wallets. Even the majority of 70+ year olds I see have smart phones these days. If somebody can an app/network/crypto that as easy to use as Apple Pay, it will be a game changer. But, I agree, simplicity is crucial.

The fact is that the presence of a smartphone in an elderly person, does not mean that he will actively use all his functions. Proceeding from this, I believe that the crypto currency will be inaccessible to most representatives of the human race. And this will be conditioned not only by the physical, but also by the moral conditions of its use.

if there is a financial crisis it will cause the economy in various countries will weaken. it could trigger an economic crisis. but in that crisis it is unlikely to affect the world's cryptocurrency because it uses the online system

There are already bunch of institutions that are trying to get into crypto world and be a bank or something. They should be in it shortly, so they can benefit from this and the early adapters will hold the line.

The crisis in the real world will give impetus to the development of crypto money, which is not relevant to the state. And the crypto currency is not subject to the crisis, it will only develop and grow.

If you invest in crypto money, the financial crisis will not in any way affect you. It's very bad that I did not know about it before.

it's not true crypto give so much conveniece actually we already experience this in bank here in our country but still it give good and easy way to save or to deposit money,The bank is the problem not the crypto because it has different value so that is not true and don't involve crypto in that,and why they going to kill their own money that is not good to do.Ban crypto if it's not good in your country that's all.

If there is crisis happening with fiat money it could potentially affect cryptocurrencies but it will not be badly damaged because of the strong cryptocurrency protection.

Actually you are speaking fact. I know quite a few people who have left their 9-5 job and have started working full time in Cryptos!

Now that the cryptocurrency prices are down, there is a tremendous buying opportunity for everyone. The weak hands have been shaken out, and we will see more and more of wall street in action. Interesting enough, ETH is increasing more than BTC.