How bitcoin protects against geopolitical risk

[eternalgloom]

I was honestly expecting a bigger rise because Trump was voted in as president. But clearly bitcoins are polititian proof because it's a world currency not just an American or European currency.

It could also be the case that it is still too early for that to happen with those big disruptive events.
People might still be looking at precious metals more, Bitcoin will probably follow after some years.

[prabowo96]

People can use gold/silver as a protection about this however I don't know much people that do this.

In my opnion you need to have a lot of money to think about this things and atm I'm broke 

[LiberOptions]

I very good read indeed.
It explains the true potential of bitcoin and how it can serve people rather than governments or corporations such as Banks

[Victorycoin]

Well we have seen what happened with Greece, when the politicians dropped the ball... We have also seen how the weakening economy of

Venezuela under the regime of President Nicolas Maduro, led to the increase in Bitcoin use as a Safe haven. The rich will bypass capital

controls to protect their wealth against hyperinflation... and Bitcoin can be used for that.. How long this will go on unregulated, we will not

know..

I quite agree with your point of view. As a matter of fact, bitcoin's live wire lies with the fact that it is decentralized and no one government can manipulate it as they readily do with fiat currencies. That more or less accords it a safe haven attribute and was evidently so with Greece debt crisis, when the authorities laid siege on deposits in banks. Bitcoin simply addresses issues like that and for same reason people turn to bitcoin every now and then, there is doubt and uncertainty in their country or global economy.

[RealBitcoin]

It protects you against geopolitical risk if all nodes are uniformly distributed in various countries.

Mining is centralized in china, but the nodes are not. So china is a political risk for bitcoin if they decide to shut down miners.


So folks start up nodes in all countries, from Antarctic to Iceland to Zimbabwe, all countries should have a lot of nodes running.

[shinratensei_]

It protects you against geopolitical risk if all nodes are uniformly distributed in various countries.

Mining is centralized in china, but the nodes are not. So china is a political risk for bitcoin if they decide to shut down miners.


So folks start up nodes in all countries, from Antarctic to Iceland to Zimbabwe, all countries should have a lot of nodes running.

And this why bitcoin are very suitable for becoming the global currency? Even that's will never get affected by the political events.

[arransiv]

Actually many traders have already realized that bitcoin is safe bet in political uncertainty like today also many markets/assets goes red after Trump wining US election and to be in safer side some of the traders seems to already have bought bitcoin shorting their other assets that is really good move and bitcoin price is already 4%+ up.

Nice comparison between bitcoin and other currencies pairs.

Bitcoin price goes 100% up this year because of the halving, I don't expect more pumps untill the next one.

Bitcoin nowadays is becoming a stable coin where people can use it as a protection.

[ekoice]

Yes, whatever changes occur in the geopolitical world, Bitcoin holders remain safe and secure. Indians having Bitcoins would have realised it this week. Since rs.500 & rs.1000 were banned in india, people became panic and started to run towards banks for exchange.But Bitcoin holders remained safe without any tension.Bitcoin has become a must for future.

[rajasumi3]

Well bitcoins have been made to get rid of any political risks that can occur .with bitcoins in currency there is no need of any government ,it can be on its own .this is the foremoat reasons that no country will support it fully.

[calkob]

I was honestly expecting a bigger rise because Trump was voted in as president. But clearly bitcoins are polititian proof because it's a world currency not just an American or European currency.

Agreed but we might see a rise after January when he is sworn in.   

[Mometaskers]

Considering how crazy 2016 was I'd expect anxious people to get into Bitcoin. Unless governments crack down on cryptos by adding regulations, bitcoin is one of the safest bets.