Bitcoin Forum

I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?

I doubt if one can predict the exact year of a global financial crisis. What will happen is they will be events that will take place that will gradually lead us to a financial crisis that by the time they will be an actual crisis, we would not even need a crisis forecast to inform us. Are these events already happening? Yes, of course!

What makes you think that gold and cryptos will be a safe heaven?
What if all financial assets (digital and non-digital) are hit by the crysis and their prices crash?
During the great depression there wasn't any safe heaven asset that will maintain a stable price.
The big crysis will first hit countries like Italy,with their huge goverment debt and problematic banks.

We dont  know  how long  we  have  until the  next  crisis and  what  market will do . Actually  its a good timing for correction on stock market but  maybe  they  gonna  choose to create a  Bubble and  tozemoon for  more years ....  Personnaly  i  dont  experct anything,  i  just  read charts  everyweek , wait and  see ^^ 

Yes, I have the same opinion like you, but I think it come soon, exactly I think it will happen in the next 1 - 2 year.
I feel very bad about trade war between American and China and we have spent 10 years since the last economic crisis in 2008 (
period of 10 years of crisis). Anyway, we have to face to the next crisis, I hope this is a good time for developement of CryptoCurrency :)

Its a guessing game. No Idea, but one thing we do know, it will happen, and it will happen big.
People are in more debt then ever before because credit is so cheap, and when crap hits the fan, hopefully the money flows out of traditional markets into the crypto space for those trying to make up losses.

Italy alone can create the crisis The country is on the way to get like Greece. While they borrowed money from Europe, Europe doesn't have enough funds to save Italy. It could destroy the European Union (economically I mean). If it happens I am sure we will some Brexit forks. When everything is going well everyone is dancing but when a major problem comes they all leave the boat.

If history is to repeat, the crisis surely comes. Moreover, it will happen suddenly when its never considering crisis. Because, if it can be predicted, it is not a crisis.In other words, my opinion is that the next financial crisis is when an event beyond human prediction has occurred.

Global financial crisis is too broad to have been explained based on the factors that you have explained up there. If the factors you listed are anything to go by, it has to have involved virtually all the countries of the world for it to trigger a global financial crisis. On the issue that banks are feeling too safe, I will have to differ because banks over here have not been any tighter than before. Aside the from the various technological advancements that they have been deploying over time, the regulation has not be loosened rather its more and more ensuring they are on their toes by the Central government. They now ensure before loans are given out, the human relationship factor has been regulated to the background and I believe this is applicable to some other countries of the world.

Concluding that we are in the period of boom is definitely out of it because as some countries are witnessing boom which I can't substantiate, quite a number of countries are currently in economic quagmire and struggling to come out of it, inflation is dealing with others, foreign exchange for others, foreign sanctions on some others, trade wars on other countries and even in crypto, this period would be agreed to be other than boom. And if we are really in such situation, it does not amount to people seeing cryptos and gold as the next alternative.

The time to face the next crisis to me, is not anywhere close by.

If this global crisis happens, then what is the market going to do? Then it will drag on other sectors of the economy to be affected. This will make new and inexperienced investors puzzled. But if this is a warning, people need to keep up their psychology, prepare for their backup plans. Especially preservation of property.

I don't know and I don't want to know. I hope that when that time happen I hope that I am dead already so that I could not experience any of that.

There have already been several shocks[1], and the world has been able to control it, so I do not expect a global economic crisis was leading to the collapse of the entire financial system.
A breakdown may occur for some individuals, banks, large corporations or even countries, so diversification of the economy is the only way to avoid bankruptcy.
Gold[2] and cryptocurrencies[3] considered as an alternative economic pattern of the current system, so if there is a global crisis will be offset by a wave of rising/falling of other systems.
So far cryptos have not gained sufficient confidence as a guarantor of value, so it is better to invest in gold.

[1] https://en.wikipedia.org/wiki/Financial_crisis
[2] Macro-factors on gold pricing during the financial crisis (https://www.emeraldinsight.com/doi/10.1108/CFRI-09-2012-0097)
[3] How Would a Financial Crisis Affect Cryptocurrencies? (https://steemit.com/cryptocurrency/@antimatter69/how-would-a-financial-crisis-affect-cryptocurrencies-are-we-prepared)

I do not understand about kakoy the new crisis is at issue in such posts. As far as I understand the 2008 crisis is not gone. The structural problems of the world economy are still being mitigated by the growth of some markets (such as the smartphone market and crypto for example), but the fundamental problems remained the same.

Since 2007 almost no country has reported a decrease in the debt to GDP ratio. Debt which includes Government debt, corporate debt and household debt increases significantly. Some people who think of moving on bitcoin are increasingly hoping to improve everything, and as a result they have changed drastically in terms of an economy that is proven that bitcoin is very helpful.

The small crisis in another country i think have been done because for buy and to be eat everyday is very difficult

I think that in some parts, this global economy crisis will be positive thing for us because it can continue with the world understanding that cryptocurrency is a new path for them. Economy needs to be evolved.

If all fiat currencies start imploding, people will seek to dump money in that what they can use as a medium of exchange. Considering that Bitcoin is a far better medium of exchange than Gold, especially with smaller amounts, it's pretty easy to know where money will flow into.

It's not about stable prices. It's about dumping your wealth into an asset that doesn't lose the majority of its value, and Bitcoin won't lose its value. If even 1% of the total world money supply ends up in Bitcoin, we'll see prices you can't even dream of right now.

In Iran there is currenty a crisis going on where the Rial has lost around 75% of its value in a short period of time. It's time for people to start hedging their fiat currencies by converting a certain part of their wealth to Bitcoin. Better safe than sorry.

In fact losing money is not a big deal for the super rich, being rich having lots of money involves lots of risk and that does not end so those who are not rich should care about that.

An entire collapse is unlikely with the system that we've built up. It's so intricate that it could never completely fall apart, it would just have to be restructured. Worst case scenario a "bail in" where tax payers rescue corporations... again.

Gold doesn't necessarily gain value during a crisis. It spikes during times of high risk, along with Franc, Yen, and (now sometimes) Bitcoin. It gets monkey-hammered by major banks though so never retains value. And it doesn't carry interest, so isn't that popular for institutional investors. That's not to say you shouldn't buy it, I always make sure to have some gold hanging around. Just don't expect it to skyrocket.

If you know how the world works, our great leaders will do all they can to keep the economy going, even if it means sacrificing some of the population. What revives the economy? War. It helped Germany when it was in a crisis, it gave people a purpose. The pattern is always the same:
1. find a scapegoat (the Jews, the Vietnamese, the Iraqis)
2. use the media to set people against them and justify military action
3. attack and watch the industry kick in
4. steal what you can from the country
5. count the profits.

Countries with billions of trillions of dollar in debt will be the ones who will be hit the most if a financial crisis takes place. And people will find other ways to salvage what asset they have and find a safe haven like gold or cryptocurrencies and the first one to get or the first user will be the ones that will benefit the most as assets will flow like crazy into these markets.

I think you are worrying too much mate! Crisis can't be seen in the economy today. There may some problem in a financial institution but it does not need it goes to the crisis. Nothing is perfect dude so expect that the institution will fix those small holes in their system.

Are you a prophet or something? There is no guarantee that a global financial crisis will occur. Only that could happen if people will become lazy and the government would not do things to avoid crisis on financial institutions.

The crisis can be any time from now. Trade war is going on China, Kim Jong Un has had meetings with Trump, Iran in on the verge of getting destroyed and a lot of shit. There is also recession everywhere, with increasing number of assholes in this world. Governments themself don't know what they are doing and possibly all this could turn into a huge and the biggest World War we have ever seen. The World isn't a good place and then there are people doing  #kiki challenge.

This industrial monarchy of bankers will soon come to an end when people find out how great free currency is, bitcoin will become the new modern main stream currency available to be use for merchants, institutional investors and average joe's. It will be the savior from exploit, oppression from banking institutions.

The global financial crisis last occurred in 2008 with the US crisis that has fueled the headline inflation economy with major unemployment due to the leadership of the OBAMA that has helped the economy. quick recovery

I'd say with the current age of information it's way more difficult to find a scapegoat unless it's something like DRPK. I hope people would become way more pacifist someday.

As for keeping the economy going, unfortunately govts would probably bail out most banks, but that still means we'd be in for a major shakeout. Just look at how small of a spark globally was the american market in 2k8, i think with how much debt we've amassed, the crisis is inevitable and it's going to be sooner than most project.

Everything is possible. But I want to believe that banks and governments at first place have learned from they're past mistakes. I am more afraid of trade wars betwean some countries which could go global. We see that sanctions are being used as a political metod.  All this China-US , than US-EU-Iran, US-EU-Russia things, could reach point of no return.

There will be a new financial crisis and it's going to be soon. In less than 10 years soon. The housing bubble of 2009 is going to repeat, as can be seen from house prices.

Also there is a car loan bubble.

So we're in double trouble!

Put your money on Bitcoin on the double.


And then there is the incoming realization that climate change has irreparably lowered our future ability to produce food on planet earth. This will be self-evident to everyone in a couple of years. At this point, most climate change deniers will act as if they knew climate change was real all along.


These 2 things happening simultaneously (financial & ecological crises) will not be good for any of us. But bitcoin, if it can scale and become more private (lightning network & CoinJoin) will be awesome to hold.

Alternatively if the lightning network isn't ready, bitcoin could go from the moon right back down to earth and in spectacular fashion.

Nobody knows when the next crisis comes but it's good to have your money in different assets like gold, silver or even cryptocurrencies.

A worldwide period of economic difficulty experienced by markets and consumers. A global financial crisis is a difficult business environment to succeed in since potential consumers tend to reduce their purchases of goods and services until the economic situation improves.

Western world is in crisis since 20 years now, Within next 20,30 years they will have to hand over the global power to Aisa. specially china. so that's not big deal that we can see crisis .

Yeah that car loan bubble has been kind of swept under the carpet. Not one will see that one coming. I don't think it could have as bad of an effect as the subprime mortgage did in 2009, but if the two trigger together, then we'd see it even worse.

The difference now is that the banks can't bundle these loans up as AAA anymore. So there won't be as wide-reaching of an effect. But there could be something else that we didn't see coming. Maybe these loans are all tied to our individual accounts and we'll have to "bail in"

Lucky you, my country has been on a crisis for the last 10 yrs and it did not need any school to get there.

There could be a possibility. But hard as well to predict whether when will it happen.

Only time can prove the Gobal financial crisis because some cycle says that we are already in the gobal crisis period and we would see a global crisis soon and some say it will be come in next 2 years, but i don't think it is to come in coming 4 years of time span in all over the world. Unites states might be in little bit of panic moe but other countries like India, japan are experiencing their best economical market conditions righ now and its going to continue for another few years.

Stocks are overpriced in relation to their cost and earnings, it looks like there will be a very large collapse soon.  There is a lot of speculation that this crash will be much large than the one back in 2008.

I have watched the news and a country has reached its highest inflation for the past 5 years and I guess this is a hint. Everything that we are using and consuming are into bubble.
I'm not good at economics but we're seeing signs and good thing that we jumped earlier to crypto's while we didn't saw this coming before.

Economic crisis always repeating because central banks always creating inflation to boost growth. Our monetary policy never change and its cause economic crisis. Right now, in several country already on crisis because america policy about interest rate and currency value drop.

It can be predicted or anticipated. There are economist that analyze the current situation of economy. As we know that there is an economic cycle which and we can conclude where financial crisis goes on. Economic stability does not exist, it always destroy by economic disturbance. As much as possible, we should be ready of this scenario so that we can save our money. And as a citizen, knowing of economic growth is important.

Probably we are entering the stage where economic depression may end up so huge and those who are smart enough to choose the crypto world as their safe haven quickly will be the ones to escape those moments, and it is so drawing so close. You just stated the obvious fact and it is so surprising that when we keep talking about bitcoin, a lot of people with their B.S talks really do not understand that fiat system is actually the shittiest as things are.

Bitcoin is being adopted by many businesses and many new business concepts are being innovated around bitcoins now a days. When this is capable of leading into another revolution in terms of generating new employments which will be the core reason for money flow then we can expect global financial crisis will find an end.

I don't think anyone can predict the questions that you ask because everyone Dislike the crisis and everyone or experts in his field will try his best to overcome the problem

If we experiencing global financial crisis it will really affects the economic development worldwide. But let us just pray that everything will in the right truck for us to survive our daily living. As of now lets involve into cryto currency to earn profit though market is volatile just start investing in a small amount and then look forward for a big one!

Maybe your prediction come true and maybe sooner than what you think. Crisis always happen because government careless on monetary system and there is no proper audit on central banks. Cryptocurrency or bitcoin offering new monetary system that can not controlled by any institution and i think its good for our economy in the future

Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.Our monetary policy never change and its cause economic crisis. Right now, Bitcoin is being adopted by many businesses and many new business concepts are being innovated around bitcoins now a days. . Cryptocurrency or bitcoin offering new monetary system that can not controlled by any institution and i think its good for our economy in the future
Po

Yes, in theory, there will be a financial crisis in 2018, but the hesitation of the government's early prediction and intervention of the artificially caused financial crisis will be delayed, but it will certainly occur, because the current economy is wrong, which does not guide humanity. Going to the next civilization, this can only be done with cryptocurrencies.

I don’t think anyone can exactly predict a financial crisis but you can see the signs coming. For this post I am looking specifically at the US and issues I see there. I follow the belief  of “ when America sneezes the rest of the world gets a cold”.

I am in agreement that there will be issues in the next 5-10 years. You could say there always is. I am particularly concerned about a few specific elements. Interest rates, debt and Trump. There are loads more but I see these ones as having particular significance to the Atlantic side of things.
Interest rates. How anyone can look at the current financial system and say oh ya 20 years of nearly 0% interest rates is a a healthy system, is beyond me.

Think of it another way. Over the last 20ish years every government and bank has tried to just print money and keep rates low to kick start their economy( or keep it afloat). They are printing and giving away free money and there is still literally pathetic  economic growth out of all this. All economies have progressed some way or another but the free money of the last 20 years has not helped anyone ( other than the people who manage debt). .

I hear so many people moan about their mortgage interest rates and they are at 2.5%. UK
These people haven’t even looked at what their payment would be if interest rates hit 5-8%. No point in looking really I suppose. Currently the central bank rate  is .75%(BOE) and the banks top it up to 2.5ish for their beloved customers.

In the 80s my parents had a mortgage and the rate was 20%. House prices didn’t go up coz people couldn’t afford the repayments.  I’m not saying it will hit 20% Again, but it has before, just before it went to these nominal figures..
This credit bubble has done wonders for the housing market but I don’t believe the credit bubble is sustainable. Hence either is the housing market. Young people can’t afford the prices and people can’t pay off the debt they currently have. Options are prices go down, wages go up  or a smaller percentages of the population owns property and everyone rents off them.

Debt
When you look at  American college debt(1.2 trillion), overall debt etc etc, I think it is actually way worse than 2008 in numbers and banks being reckless. Simply because the 2008 debt was never paid off.. people just agreed to extend the payment process. No one paid off the crazy debt they owed. They just got more debt to pay the original debt. See where this is going? It’s been swept under rug. No one learnt a lesson from 2008. People say they did but their actions make it clear they didn’t.
That’s not even including the whole Europe / brexit / Chinacrash/trade war/ issues.
Whilst trade wars and the rest are global issues they are new issues. The real crash will happen when the underlying system that these wars sit on top of fail. I.e the credit system that all trade is dependent on.

So in summary—— low interest rates will come back to haunt everything ( some day)
           Debt— funded by this craze will then go on unpaid.- have a look at US student loan debt for some random        figures of impending not paying that back debt. (Some day)
           Trump— he Will de reg everything to allow as much money to flow as possible, anywhere, his pockets, American pockets, wherever ( as long as some flows through his). (Happening right now) This will keep happening until he leaves ( 2024 is looking very likely, sadly).

So there are problems, which in many ways I don’t mind. There are always problems and good leaders help solve them or just reduce the risk. You can’t solve evrything.
But as for Trump, he can’t solve anything.. he will only make it worse and intentionally worse at that.  

The Trump Dystopia  factor:  
If you want to take trumps historical actions into this, it seems almost scripted.
Trump buys it ( in this case wins it) ( look at Atlantic city)
He takes what can out of it ( publicity, fame, money, gravitas)It doesn’t do well as he isn’t a good business man or leader,, but check his history in relation to  businesses failing, , bad market, bad people , fake news or whatever caused it.
He just files for bankruptcy and fucks off. Or agrees to a licensing deal.

a crisis happening with Trump at the helm will be the mother of all considering the fundamentals and him. If he gets a second term ( which looks likely bar impeachment ( what a crazy sentence)) then hold your hat for 2023/24.. everything will be deregulated for a short term bump so no one will know. Until the person comes along.

I genuinely feel like I should write a joke here but when I read the above back, I don’t think I can top it.

Economy always repeats itself. I personally bored of this. I guess world needs a 1 more non-natural selection, like a WW.
There re many feeder throat, limited resources. World is dying. And its our luck, 14 billion years old world, and we choose to live in these times.

This along with car loan bubble might be the main triggers of this crisis. We need cleansing from terrible investments.

Many things even down particularly to my country and city economy are showing that all the world is heading for word something important in the Economic sphere and it is not certainly will be positive for us.

I'll be honest I can't believe we have not had a complete collapse already.  The ability of the economies of the world to sustain the out of control governments is truly mind bending.  The debt that is being sustained is truly amazing.  It wont be much longer. 

The global financial crisis will have a very broad impact, especially poor countries that feel it most. Because developed countries as the drivers of the world economy are the biggest markets, when their domestic economy experiences problems, the whole world also collapses.

The financial crisis is closely related to national stability which can have an impact on the money market, so investors will take a stand to invest or withdraw their capital.

Japan is experiencing their best economic market conditions? In whose dream? Spending is so low in Japan that they are experimenting with negative interest rates to entice people to buy things. That means you actually lose money you keep in your bank account! As if banks weren't criminal enough already!

Japan has been in a spiral of deflation for that past few years now and is starting to get desperate. Rumor has it they were even thinking of trying helicopter money, which is basically dumping free money on the entire country in hopes that someone will spend it. In the past this has only managed to cause inflation to skyrocket out of control. Good luck Japan.

You really believe there was a lesson to be learned in 2K8?
If any I think it was something along the lines of "we are too big to fall so let's rock in to oblivion".
All the banks got was that profits are private but losses get socialized. It will happen again because they are getting incentivised.

There is also wind-farms bubble on the horizon...
Things look grim. Embrace.

It also depends on many things that can be crippled. It is the connection between fields that together form the power of the market. And especially who faster than that person will win.

If the U.S.A. goes to war with North Korea — and thus brings in China, Russia, and even NATO — the bubble will pop.

If banks pull another “Too-big-to-fail” maneuver and the government must bail them out — which will lead to another global recession — the bubble will pop.

If Yellowstone erupts and blankets half the U.S. in ash, or if a truly worldwide cataclysm occurs to sink our economies — the bubble will pop


But I’m not.

There is another bubble growing right now — a bubble ready to pop. It’s a global one, affecting people from developed and underdeveloped countries around the world. When it pops — Bitcoin will change forever.

I’m talking about the: “Bitcoin is a bubble” idea.

It may sound silly but bear with me. All around the world we hear reports from big banks, financial guru’s, government figures, and more so-called financial experts. They keep saying Bitcoin is in a bubble. They say this with so much conviction, and on so many news networks, that people believe them.

The higher Bitcoin’s price rises — the more they believe it’s a bubble. But the price of bitcoin — keeps rising.

These ‘financial guru’s’ are left clueless. Why does the price keep rising? Why doesn’t it just pop already?

You have made a good prediction for what will be happening in a few years later but I have a question relates what makes you think that we will face a global financial crisis. As we know that now that crypto or digital fiat comes as a new trend and it is improving very fast. And I do not think that it will be happen. That is just a bad dream.

It wont be that long for the US.

https://www.thebalance.com/the-history-of-recessions-in-the-united-states-3306011

They are supposed to be in recession this year, it always happens around the ten year mark.

Notice how so much political noise is in the air while tariffs and trade deals get quashed...people are nervous in every country about the value of their national currencies.

America politics, the Brexit issue affecting UK and the entire EU, while China and Russia continue their usual games. It's going to be very interesting next year.


**This message has been brought to you by bitcoin (https://www.cryptogamblingsites.com/bitcoin/) - the currency people everywhere are now using**

Are you really asking this here?and why need to ask something that impossible to answer?financial crisis happens when the economy drops and cant sustain the needs of people and i don't think that answer can be given literally,i guess even speculation cannot give specific answer about this

Have you read many threads here? :)

This one doesn't have spelling errors at least, dont expect anyone to post sharing knowledge or anything...its always stupid questions about things that everyone can only guess about.

I have no idea when the next economic crisis is going to come, nor what the root causes of the potential crisis is going to be, or what would happen within that crisis. All I know is that it's going to come sooner or later, and it's only a matter of time.

With a debt based system like this, it is clearly unsustainable. We've already seen a near-depression in 2008, and we could see one in the next decade (not saying that it'll happen for certain). We could even see hyperinflation happen in some more countries where the government mismanages their respective economy, that's a possibility as well in which gold and bitcoin could be seen as hedges.

Bitcoin, being an independent asset would definitely be considered a safe haven within times of economic crisis, imo. I expect it to even outperform gold, come a hyperinflation like we're seeing in Venezuela right now. It will definitely hold its value as well during a recession, at least much better than certain currencies and properties/stocks, if those collapse as a result.

This crisis ,the global financial will always takes place anywhere in the part of the world, maybe this happens because of inflation and deflation in a certain economy, the crypto currency has also experiencing this kind of crisis in the coin market cap.

Today bubbles are everywhere.

It leads to inflation, which will be out of control with natural resources becoming more rare, and the world population still growing fast.

When the inflation becomes out of control, then the real crisis will come, within a few years in my opinion.

I think the crisis will not last long enough. The United States is in a cold war with many countries. and China is on its way to becoming a superpower. we must not forget Northern Korea.

Bitcoin is not quite there, in my opinion. Most people tend to treat Bitcoin as an extremely risky asset class, not like a safe haven assets. At the sign of the slightest turmoil in financial markets, investors sell Bitcoin and move to safe haven assets. So in a recession, I would expect Bitcoin to crash as well.

Everybody thinks about the crisis but actually anybody does not know when it will happen. Somebody says that crisis will begin at the end of this year. Actually I do not know when the crisis will happen. Of course, I have already thought about the future crisis imagining the results of its affection. I think the stock market will be probably crashed. As usually in such a situation gold and silver will soar. Commodity market is unpredictable for me so I cannot imagine how the next crisis will affect on it. What about cryptocurrencies? Some part of cryptocurrencies are near their lows so I think that it is very likely that cryptocurrencies will copy the movement of gold and silver i.e. cryptocurrencies, as I think, will grow in the period of the future crisis but it does not mean that cryptocurrencies have already achieved that low values where it need to buy them

i think it is slowly happening now especially in countries that are us dollar based. us dollar is collapsing and it is true that you need to cryptotize in order to survive this financial crisis. we dont know the exact dates but i think it is happening now.

Ya it is true that the criss has started and very soon this bubble all be burst and The main profit will be going to crypto industry as other option will become less value

I would say that the crisis has not yet ended. And it is different that the others.  Feels like a general global change in worlds economy. The global financial system is more interconnected than ever before. Also, normaly, there are a couple of years in between the crises and Global central banks have had time to intervene. Now they are out of time and tools, therefore global events are beginning to escalate.

But keep in mind, that in every crisis there are people who are losing money and there are people who are making money. Catch the wave and stay on top.

If the history goes back, a crisis in crypto is definitely coming back. It is still a case, a sudden event when it does not take into account a crisis. That is, if we can predict it is no longer in a crisis. In other words, for my opinion the following financial crisis is when this happens and what happens beyond human prophecy.

Yeah you can’t stop this financial crisis that are happening in every country around the globe. Mostly people thought that there could be one single resource or element to which we can blame out all stuff related to this financial crisis. But one element couldn’t be either the cause of this financial problem or solution. This makes out after team building when different departments works together.

What makes you think that gold and cryptos will be a safe heaven?
gold and cryptos price fluctuations by market. personal opinion

Most likely in the next 2 years since currently we are feeling it slightly. It's already like part of the worlds cycle that we enter into a crisis especially in the financial district. The digitizing of our currency is the way to go to optimize out financials.

I think gold has already proven as a safe haven not just for financial crisis but even in the worst one, world war. As for crypto, we haven't see how good it was although there are reports that Venezuelans are using bitcoin to buy things just to survived. I guess the only way to proved it is when we do goes on another economic depression and see how effective crypto will be.

These gurus like to say things enough times until it becomes a "truth". They feel that if they repeat certain mantras, like "bitcoin is a bubble" with enough force, then they can cast a spell on society that will actually work. They are gurus, after all.

But they are so burried in their own shit that they cannot even see the light of day. The sit in caves and circle jerk each other in groups of virtue signalling orgies. I'll tell you that you're really intelligent and good at predicting markets if you tell me that I am too. Hopefully no one looks at our track records.!

All the signs Around the World in all the countries are saying that we are heading towards a great crisis in economy sphere, going to come to all the countries, not on the particular ones that would be more or less developed.

It would only work for us people who have hoard bitcoins to be honest with you but having a lot of money during a crisis is not something to be happy about because everyone around you is going thru horrible times and people are getting laid off and it will look like you are living in a dystopian future of fall out (well not that bad) and you can't be happy that bitcoin reached even 100k dollars because everything around you is falling apart.

We need a strong economy globally which may hurt bitcoin a bit but it will also raise everyone together instead of individuals. Just think in reverse, when individuals are wealthy then they may think about investing with bitcoins which will lead to bigger value for bitcoins. Always a healthier economy is preferred.

This is a reality the world has witnessed since ages that whenever there is political instability and threat to peace in a country, the value of the assets and hence their currency soon declines.

And since the US is cold war with several countries like turkey, Japan, and some other countries, the value of dollar of course will go down and the Qatar stepped in to convert all its US dollars to Lira to support Turkey. This is a signal towards the decline of dollar as Qatar after few other countries threatened US to stop using their currency.

I think it will only be after the crisis that the potentials of cryptocurrencies truly shine. If a crisis comes, cryptocurrencies are just not at that widely accepted level that they could become some kind of a magic asset that guarantees your money safety. But after the economic depression, economies might look at a change in conventions, and maybe thats when bitcoin and other cryptos come forward as an option.

When economy crisis happen, most investor will save their fund in safe haven instrument. Bitcoin already proven as safe haven when financial crisis happen in 2012. I am believe economic crisis will bring crypto price rising because its new market and big investor want to recover loss from other market

Global financial crises has really affected alot of things which made people not to invest in bitcoin and this that have investmentare selling it in cheap price

Banks run enough longer and it seems that decline you said was already solved. Global crisis will not only made by the banks, it is also made by the person's iresposibility

Every country is facing financial crisis and yes its becoming global and we never when this will end or what will happen if those crisis will not meet or find solution, everyone will suffer and so countries are looking for ways to find the solution and they though of bitcoin as one big thing but there is alot of process to do because not all are accepting it.

In my opinion all the things around us are showing that we are very close to the things to happen, global economy crisis can be just different from what we think it would be but it is upcoming definitely!

As described above, the war can help to get out of the next economic crisis. And the war is human sacrifice, destroyed cities, lost potential. I very much hope that the way out of the future crisis will be found peacefully.

Probably all people are converting their dollars into whatever their fiat currency doesn't really change much in the bigger picture of all this. In the end you will need dollars to buy a product USA provides. You will need to get dollar and if you sell all of yours in the end it will be harder to find more. You may get debited in dollars, you will need to find dollars to pay it.

It requires certain amount to stored in your national banks and so forth so if government has debts in dollar. Long story short everyone needs dollars because everyone gets paid in dollars. This requires you to keep dollars at all times which makes american economy stronger.

what prevents to earn Fiat money and buy bitcoin for them?) this will partially insure themselves against the crisis, whenever it occurs)

I think the trade war can ignite the global financial crisis trade war not only makes the flow of global trade faltered the effects of trade war can be even more powerful that triggers a financial crisis.

Global crisis is predictable because only human controls it financially as well as any institutions around the globe. It has been a problem since financial is worldwide many countries are affected if it happen in the next years to come but we can decide to prevent it if all countries unite to share resources that can stop global crisis to happen. Not to mention that bitcoin is currently suffering from the bear market upon writing this.

I think everyday is a struggle and a crisis. Considering that people are continuing to grow in population and the resources are getting wasted each day with not much production going on, it will certainly affect everybody globally. The rich ones may not have felt this one but us who lived our lives as poor, we were always in a constant battle with each day getting very difficult for survival. Maybe some five years from now life will be very difficult.

I somehow agree with your opinion, because of this newly develop technology which is the cryptocurrencies. There is a possibility that in the future businesses probably adopt the technology due to its more advanced features and security.

Something that is difficult to predict, we never know when the global financial crisis will comes and how long it will be overcome and then what happens to the market.
So, just look at economic development going forward.

crypto and gold is safe heaven? how?
when global financial crisis is occurred, aren't many people would sell everything so they can survive?

There are hot conflicts between USA and other countries. Trump has strict rules and dangerous ideas.

Nowadays, there is a crisis between USA and Turkey. Turkey's national currency getting lowest value in the history. 1 dolar = 6 Turkish liras.

Turkey has a strategic power in the Middle East. If something goes wrong between USA and Turkey it will affect whole Europe and Middle East.

A crisis only occurs when there is great political turmoil. or the economy of a country does not correspond to the actual value of the property of that country. That's really what's coming out. It just happened when it of overthe limits . With the current situation I think in about 7 years, when the economy shifted stronger.

I completely agree that the next crisis is waiting for us, but I think it will come sooner than in 4-6 years. We have a maximum a couple of years to get ready for it. The problem of the last crisis has not disappeared anywhere.

But remember that any financial crisis is not only a trouble, but also a time of opportunity.

i think gold is safer than crypto, even though we know crypto will have a bright future. but until now crypto has taken a lot of casualties, and has made a lot of people rich. but during  global crisis i think people will be safer holding gold

Problems in economic data began to emerge in many countries due to the excessive appreciation of the dollar and the euro. Banking systems can not provide solutions to this crisis. On the contrary, the banks are on the brink of being in a difficult situation.

One of the crises that capitalism is bringing about might be getting really close. I hope this does not happen, especially because the developing countries are suffering greatly from this process.

Come on, the great outcome of the crypto's big move will come after this crisis, and the question will come to mind.

   Hey Cristopherus, Crypto as a whole will be destroyed but BTC will stay the same and shortly pump after a major crisis. Volatility in Bitcoin is due to speculation and not due to monetary manipulation so common in today's financial markets. BTC is still king of crypto and will retain it...  But this is just my opinion I do not know how it will be in reality because write what you think ;)

I am not sure what makes you believe it cant happen in next 4 years. It can happen next year so you can easily place 1-6 years time period. Second, when crisis start value of everything crashes. Also Gold and so will crypto. It will be a monster crash.  But yes then Gold start recover fastest. So it will crypto.  Million Bitcoins question is when will this crisis happen. In middle of upcoming bull market or latter. Could even happen at the crypto market crash after next ATH?

Your predictions are correct, but not accurate. I think the financial crisis will soon erupt. The global economic crisis will erupt in 2019.

I think you are right and cryptocurrency is going to be the most safest place to save money in 6 years to come.  The next financial crisis may bring great financial prosperity to the cryptocurrencies holders.  I see that most of the bank are not even ready to adopt cryptocurrencies and blockchain technology into there system but time will come that there are goin to do that.

The world has advanced greatly for any crisis to rise in the world economy any time soon, because as it is the financial institutions have upgraded greatly and due to their experience from the economic meltdown.

No one can predict exactly when the next crisis is going to happen, many have predicted that a crisis of enormous proportions was going to come and that countries will need to adopt gold as the main currency and still it has not happened, what we do know is that things cannot go like this forever and that at some point a crisis will happen, what we do not know is when that will happen and how big it is going to be.

Somehow, I think this crisis too can be relative; to some areas of the world. I believe I heard somewhere earlier this year when the cryptocurrency markets dipped seriously that the world is already passing g through a global financial crises. So, it's not really a question of Ehen it will come but a question of how do we liberate ourselves form it.

Economic crisis happen soon. If we are looking on turkey crisis and america debt ceiling, it will happen soon i think. I am believe in near future, more people will looking others safe haven and its cryptocurrency

banks and global banks only makes the financial world gets worst, even as an individual, loans in banks only makes a person drown in his own blood, a lot of ads from banks that suggest the people to have a loan but the truth is they are just messing with your financial, this affect us globally, it came from international banks dosn our local banks that milked money from us. the financial crisis will continue if this problem will not be put to a stop.

   Your statement should be taken carefully, you may have bases on your prediction, since this will create a lot of issue for further discussion or different opinion, i take this just a matter of personal Speculation on the base on what to become on global ECONOMY, all Government of every country the Central of each Country are on to monitor the SPIKE of OIL prices global, this is one of the indicators that would trigger possible major impact of the Global Economy.

If this happens that gold will be the main currency all over the world then many people will suffer especially the poor countries will become even poorer because gold is in a limited supply and Im sure price will be very high once this proposition be implemented but I hope many will be against of gold.

I don`t think it`s possible to predict when another crisis is going to happen but the fact is that it is going to happen because economy is a cycle where booms and crises differentiate.

Also I think that the reason of this crisis in the future is also unable to predict because every new crisis is nothing familiar with the old ones. People learn from the mistakes from the past and new crisis need new f**k ups. For example: banks learned from 2008 and don`t give out these subprime loans any more.

Knowing the reason of the next crisis is the privilege of a very fev persons who probably are going to make alot of money off it because they know what`s going to happen. I would not bet on anyone from this forum knowing the next reason.

Financial crisis erupting is something that is inevitable and we are beginning to see the signs glaringly with all the trade wars and some economic policies going on in most countries. It has happened before and it will most definitely happen again even though we may not know exactly when.

This was the main reason why Satoshi decided to come up with something decentralized so as to be able to wade off all these bullshit that revolves around fiat and the usual centralized system and in this kind of scenario when a lot of smart people will be looking for a safe haven, I can pretty much imagine how the growth explosion might be for the crypto space.

I'd really think that we will see another financial crisis soon. For one thing, the ones that caused the last financial crisis is one of the leaders in the financial world today. They head corporations, schools and even the government. These people didn't even get a slap on the wrist for what they've done.

It looks already the crisis was started,you can look at the prices of fuel in many countries it has been mounting up which will result price increase of all the goods from their country and also causes the inflation so this is good time for the people to move towards the crypto currency to save them from hyper inflation which can be a saviour of their future by holding fund in some other form that paper money.

We cannot say the exact time when exactly the crisis will occur, but it is best to have a way to get around it in advance, having deposits in cryptocurrency!

We are facing a significant economic growth worldwide. This leads to another financial crisis, historical data always tell the truth. I Think that in the next 2-3 years something bad is going to happen that will impact all the human beings in the planet.

Currently, there is a very strong slowdown in the economy. In order for positive changes to begin, innovative changes and introduction into the economy are necessary.

Apparently, no one can! But one thing that is glaring at the moment is that there is a looming crisis lurking around and anytime soon, the chances of seeing it erupt like a volcano is absolutely there. Well, as things are, the good thing for most of us is that we have the freedom due to the liberalization that the cryptocurrency space brings and that I am sure is one thing that would really bring about some good growth into this space as people tend to start escaping fiat and looking for a store of value which I so much believe is what we would eventually get to see in the long run anyway.

I believe there could not any worst situation similar to what we had experienced in 2008/2009. Fortunately at that times we did not have anything like bitcoin or any decentralized medium of exchange to protect savings against global economic melt down. Hence, even something unexpected will be happening, I guess most people here will not mind much.

While the likelihood of a full-blown recession in the US looks remote today, this isn’t the case in Europe or in many emerging markets. Unfortunately, gold and bitcoin haven’t really done that well as a store of value in the short term. I think a big part of this is that US dollar has been particularly strong in recent history. This being said, I’m sure cryptocurrencies will do well after being beaten up for so many months over the long term.

For those who are interested, I read a good piece on the slowdown in Europe (and why it’s particularly vulnerable to a recession) in a recent commentary on the euro (https://www.marketsnow.com/analysis/euro-vulnerable-as-slowing-growth-reveals-underlying-issues).

I think what we are experiencing is just different levels of crisis. It's just a matter of intensity and duration. We may have a weak crisis on an extended period of time or a huge crisis but in a snap of a finger. Bottom line is, the elite 1% of the 1% who orchestrated all of these are still at the reigns of our economics.

We already live in financial crisis and the world is moving towards a deep recession. I dont see any good reason to be excited about it. People will loose their jobs, social care will become worse. I dont know may be meant smhtng else.

There is a close relationship between cryptocurrency and the financial crisis. It is to be understood that the subprime mortgage crisis of 2008 created bitcoin. When Bitcoin is expensive, when the financial crisis is very close, it is clear that we escaped a financial crisis last year, but the financial crisis will soon erupt.

Your prediction time is not correct, now politicians are manipulating the market. The cryptocurrency will become a myth in the financial crisis, and people who invest in bitcoin will be rich in the future.

With the birth of cryptocurrencies, there's a lot of issues with regards to our economy because of its continuous to dominate in the market. Economist started to make their different opinions and some are believing it would cause trouble. But with my own thoughts, I think this is an advantage because people can now have so many options on how they are going to grow their assets.

The next crisis? I think the country that I live will face a new crisis, where the price of the US Dollar is skyrocketing, and according to information that it is also the result of world financial turmoil and impact on developing countries. And the government is currently working to restore this situation, with various solutions, although not yet seen significantly :(

  It will be a recession but not a financial crisis. There has to be an underlying market risk to the entire system (ex the US housing market.) All expansion and recessions are cyclical. Looks more like 2020 though :-\

It is possible that things get so bad that people prefer to adopt gold and silver to stabilize the economy than to keep living in an economy going through hyperinflation in which the currency is not worth the paper in which it is print, I know that such a scenario doesn't seem very likely but it has happened before and it's likely it will happen again.

I don't think that the global crisis will have a positive impact on crypto values, but it will be the opposite.
The value of cryptocurrencies will plunge uncontrollably, because almost every price of staple goods will definitely be expensive, only some people will invest in crypto and I personally don't expect that to happen.

maybe soon to remember the trade war between America and China which both increased the import costs for each. this situation has a negative impact on other countries such as France, Russia and others. if this continues, the affected countries that are affected can experience a crisis, but that will not affect crypto. and crypto can be an alternative to the country's currency and will become increasingly solid.

I think right now in several country already happen economic crisis. Most currency fall the value againts dollar and goods price already increasing. Hopely it will pass away because if economic crisis happen, many people will suffering and poor people increase

I think the we will encounter this dilemma again far sooner as the currency keeps higher and the fatal increasing of values in the market. Banks can keep those money but not securely as what is to the past years. It is much evident and successful to invest money through bitcoin because the chance of being encrypted is not that higher or lets say in  other words  it more safely to have bitcoins that trusting a bank

Yes, we can watch on the television, and we see that some of the countries have the demo to their government and this can attract the other country to get the same problem. Soon, I think this will affect the big country too as they cannot survive in the global financial crisis if they don't have strong support from the other big country. I cannot imagine what will happen in 2019 as if this continues, then more people will suffer. But let's hope that in 2019, the situation will be better than today.

Developing countries always face financial crises. The will never overcome their financial problems. i have seen world financial crises seldom, but it is a fact that when one country faces financial problems his neighbors also in hard times. Imports and exports of a country affected. In the near future I heard that Dubai will face great financial crises and expo 2020 will not help them at all.

About the Global financial crisis, It is very difficult to say what will trigger it [the next crisis] but we are at the latter end of the economic cycle where people take greater risks. There are problems in emerging markets so for me the global financial crisis will be the greatest task for every human being

I think we're just getting hit by crisis left and right. Without recovering from obe crisis we will be hit by another and another and another until we eventually collapse under the weight and realize that the people who are in control of the economy are the only ones who are thriving in this kind of environment.

If we see the overall conditions of a country it is going better and better because with the passage of time the purchasing power of the people increased and they are now living comfortable life compare to that of 20 years ago. The world is now going towards digital currency and the globe village will become global market. In my country corrupt politicians creates temporary financial crisis for political scoring.

This particular financial crisis is connected to the declining prices of the assets that may possibly result in the inability of the people and countries to pay back the debt plus the expansion of the financial market and system. Pumping capital is not so easy for the investors and many of them prefer to stay aside and rather wait until the market gets stabilized.

It can be connected to the financial crisis that hovered over the market back in 2013 but that time the demand for the coins was way too down and so were the prices. Right now, both these factors are high so we might not need to wait longer to get back in the boom.

This is expected to be correct, but I don't think the financial crisis has stopped. At least for the poor, they have never stopped. I think 2019 may be very dangerous.

Nobody really knows when a global crisis is going to strike. It seems like it's a ticking bomb that's about to explode anytime and if that's ever going to happen, cryptoeconomics can be one of the affected areas in investment because people might become less to take the risk if their financial status are already affected by crisis.

Actually what happens in the market is normally the result of the policies implemented by the heads of the countries. If we talk about the financial crisis that is predicted by the economists, it is the result of the policies made by the American elect Donald Trump for saving the American job thereby implementing huge tariff over the China's and Turkey's import of the commodities.

This inured huge loss to both these counties and they formulate an counter strategy to do the same so in one way or the other, the financial market is sinking for many countries.

The global financial crisis is normal. The current economic system is not perfect. The economic cycle is more obvious, but time may be faster than we think. It may appear in 2019.

And that is precisely why you need to be ready because when it happens it is going to take everyone by surprise and only a few will see it coming similar to what happened with the crisis of 2008 where only a small minority of economist that were honest about the system could predict that a crisis was coming, we know there is another crisis coming that is going to be even bigger and it is one of the reasons for holding my bitcoin.

If you are living in a first world country and do not feel the financial crisis yet then good for you but when it comes to the developing countries, the financial crisis can already be experienced like the increase of prices in goods and services. The basic commodities has increase in price and then the salary is still the same that's why people have been suffering. It may not be felt by those people who has money but for those who has enough before, it is not enough now and much more to those who has less enough before and they are barely able to eat three times a day.

Developing countries are usually the ones that get to feel financial crisis when it arrives. For instance now, USD has been gaining huge strength and for some countries that typically rely on it for foreign payment, based on the fact that they do not even have a perfect economy system, inflation will kick in, things will go awry and before you know it, things will even get worse than normal and that is something that would basically be classified as financial crisis for them. Good thing we have the crypto space to rely on, and that is what matters the most isn't it ?

Global financial crisis is not something we can get to easily see worldwide, as it would only affect some few set of places in the world and that is all. We know financial crisis has apparently hit so many countries already with their dilapidated economy. In cases like this, we tend to get to see people trying to look for an alternative and for what it is worth, I believe one way or the other, this space will become one of those spots where a lot of investors will want to be storing value for what they have.

Right now most of the third world countries were experiencing a hard financial crisis. Maybe the impact of this crisis too is getting reflected over the cryptocurrency market. Hopefully the market will regain strength soon as the entire financial outburst faced all around gets resolved. Global economy doesn't have any role to play over cryptocurrency network, but the present situation resembles that there is some dependence.

We must have an idea that things can happen quicker than we think of it, being always ready in this possibilities can help us to react properly, keeping
some investment and holding assets that might bring us good value just in case emergency funds will be needed, being financially stable can be done
if we invest now and continue to hold and anticipate what possibile thing can happen in the future.

no one can predict with certainty all of course, of course if there is a global crisis it must be a disaster for everyone not only crypto currency investors, hopefully it doesn't happen

Well, if that's ever going to happen, then so be it. At least you have your cryptos in your wallet in tact because a global crisis will never be permanent too. Once it recovers, i believe cryptos will also rise up high.

Oh that’s nice, but who are you and how are you able to know that there will be a global crisis from sitting in your house? And when did you now know better than the experts in the field. If your mind tells you that, then tell it it’s wrong cause that’s not happening.

I believe that the world has ways of avoid such. And there are some countries experiencing heavy financial problems this time around, but I have their government to be blamed since they don’t do whet they are meant to do, they only care for themselves.

Every country experience the global financial crisis even the richest country encountered this problem, but they easily recover cos their governments takes action from this, in our country we always encountered this problem but our government took this problem sames as what happened in crypto today we continue struggling and waiting for the price to come up...

I think such sort of threads should be banned. How can someone think about global financial crisis right now? There are no such big financial crises. Countries are flourishing towards success and they are taking all third and second world countries along with them. No such hard games are being played and everything is just normal. We are only making hype here through such damn threads.

Predictions may all know the global crisis that began with America known as a superpower,
continues to spread to Europe, Asia and many other countries.
Therefore it also affects crptocurrency and also some markets. Concern arises that could make the world economy experience stagflation.

No one can really said the time of the next global crisis as I relate the crisis in term of rate and not time.  To me we are currently in crisis financially and to some extent that is global financial crisis.  If you will agree with me the more we look at time the more crisis we find ourselves in.

No one can predict the timing of the financial crisis, but know that Bitcoin was born in the financial crisis. When the finance reappears, the cryptocurrency will take off again. The cryptocurrency will be the best safe haven in the world, but it is still growing and is currently unable to compete with gold.

One thing digital assets such as bitcoin offer is decentralization and reliance on central authority. In the case of financial crisis it has not yet happened because the US (stock market) or say economy has not yet crashed. Its true many nation's economies are in bad state but they cannot be saved or be known as recession worldwide because Uncle Sam has not sunk yet. The model sucks to the core and robs developing and other hopeful nations of prosperity. The more reason with the crash on-coming or if it doesnt will instil more hope in Bitcoin and people will start to understand the whole cryptocurrency phenomena

The crisis occurs when there is instability in the economy as inflation escalates. It causes a lot of consequences. No one wants the crisis to happen, but if natural law repeats, it may happen soon

on an economic map, currently president of America is planning to meet government of China, so trade war between the two countries i think will be normal again. and the effect of the world economy gradually improved

I also tend to think that the crisis will come in the next couple of years. Shiller PE Ratio Index is very high. This indicates an overbought US economy. Moreover, as cyclicality shows, a crisis happens once every 10 years.

The global financial crisis will surely come and will definitely go away, all depends on government policy in dealing with the problem of the financial crisis. We must be ready to face this financial crisis whenever it will arrive.

This is why most people are deeply affected when an economic crisis happens, they operate under the premise that everything is always going to be fine and that a crisis is not going to appear and when it does they are completely unprepared, they are heavily indebted and they do not have any savings or investments and that is why they suffer when those events happen.

The global financial crisis will affect the economy of each country, which will affect the development of bitcoin. Bitcoin prices will fall sharply in the electronic money market. Bigger investors invest in bitcoins than before. Because they are not sure bitcoin will survive sustainably.

I think that there is no crisis and its never exist. This is a specially created situation for people to make them panic and to start selling stocks or coins or buying everything in large quantities. I am sure that this is a kind of market engine.

I disagree crisis are real, it is true that from time to time some powerful people try to manipulate the market, but even if they are so powerful they lose control of the economy and they need the help of the governments to try to stabilize things, that is why you need to be prepared just in case that happens again but unfortunately many people never listen and they suffer the consequences of that mistake.

I'm not familiar with that term--what's the "reposition industry"?

Anyway, 2008 doesn't seem like that long ago to me, which was when the banks were starting to feel the pain of all those lousy mortgage securities they were investing in (with huge amounts of leverage, I might add).  After Lehman Bros. and Bear Stearns failed, along with a bunch of banks, the US government started putting restrictions on how banks conduct business, including how much reserve capital they have to have on hand such that they won't become insolvent should another crisis happen.  Bank of America has been wanting to increase its dividend for a few years now, but the government won't let them.  That's something I've never seen happen.

I do feel a vibe that something's going to go down, that a crisis is going to hit, but I'm not exactly an economist and any opinion I give isn't exactly going to be a well-informed one.  I'm hoping it's too early for another global meltdown to happen, since we're basically just recovering from the last one.  Hell, it wasn't too long after 2012 that unemployment numbers started dropping.

Eh, no.  People and institutions with a lot of money and power have been known to fuck things up royally with wide-stretching and long-lasting effects, especially on people who can least afford to lose money, e.g., people who are relying on retirement funds to support themselves.

Excellent shitpost.  Hope you made a good chunk of change for that one.

The current financial crisis is triggered by a trade war between China and America, where the impact affects world trade. Countries whose financial fundamentals are not strong, the impact is immediately felt. Then there are some countries that implement bitcoin as a currency to withstand very high inflation in the country.

It is normal to experience global financial crisis but it is not normal if the financial crisis will last in a long time. Right now, most of the economy of different country are crashing because of the crisis.

I'm not sure if we face a crisis, then bitcoin becomes a safe place to save money, gold is indeed used a public peoples as a place to save money to avoid a decline in value due to inflation. how do we predict when the global financial crisis will occur? I just found out this.