Bitcoin Forum
June 23, 2024, 11:35:28 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2017-04-26] Japanese Economic Uncertainty Can Prove Benefit for Bitcoin  (Read 8405 times)
bbc.reporter (OP)
Legendary
*
Offline Offline

Activity: 2968
Merit: 1456



View Profile
April 27, 2017, 01:04:40 AM
 #1

The author of this article is saying that a failing economy could benefit bitcoin. His reasoning is that investors will start seeking alternatives of storing their funds, acquiring new assets, and investing. Meaning they will be looking somewhere to store value safely. Is bitcoin's volatility really what investors are looking for if safety and stability is the main concern?

Gold might be the better choice.



As we’ve been thought in the past, if a country’s economy begins to fail, investors quickly start seeking alternatives of storing their funds, acquiring new assets, and investing. As we’re close to entering the era of digital currencies, what better choice than Bitcoin? As the inflation rate of the Japanese Yen is likely to increase due to the massive amounts of banknotes being printed in the country, the Bitcoin price will be pushed even higher than its current value.

For the full article https://www.crypto-news.net/japanese-economic-uncertainty-can-prove-benefit-for-bitcoin/

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
cr1776
Legendary
*
Offline Offline

Activity: 4074
Merit: 1303


View Profile
April 27, 2017, 01:35:17 AM
 #2

Gold and bitcoin aren't mutually exclusive.  Gold is great for some uses, bitcoin would be better if you were (for example) fleeing China or Venezuela and could get your gold across the border.  A percentage in each is prudent for many people.  And while bitcoin has been volatile, it has been volatile with a huge upward bias.
bbc.reporter (OP)
Legendary
*
Offline Offline

Activity: 2968
Merit: 1456



View Profile
April 29, 2017, 12:44:16 AM
 #3

@cr1776. Yes exactly. The article simply states that a failing economy in Japan is good for bitcoin because investors will be looking for new types of investments to avoid the effects of inflation. Gold is the safest and bitcoin might be too exotic for traditional investors.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
VTCutch
Full Member
***
Offline Offline

Activity: 140
Merit: 100



View Profile
April 29, 2017, 08:56:51 AM
 #4

@cr1776. Yes exactly. The article simply states that a failing economy in Japan is good for bitcoin because investors will be looking for new types of investments to avoid the effects of inflation. Gold is the safest and bitcoin might be too exotic for traditional investors.

Maybe the government of Japan has specially legalized bitcoin recently. That people have the opportunity to save their money by using Bitcoins. So the government will be able to control the capital of its citizens
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!