Will people start moving their savings to Bitcoin in case of a financial crash?

[Yuuto]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

Definitely not FUD.

The CPI has been slowly creeping up over the past few years after the financial crisis of 2008. You probably don't realise it, but the governments are trying to do their QE(quantitative easing) to keep the situation under control. But they can't just keep printing more and more dollar, it's not possible.

When the whole debt situation gets out of hand, that's when the whole fiat bubble just bursts into flames and implodes onto itself.

The best way to hedge yourself against this? You guessed it - bitcoin. It's independent to any government association, nobody can do the same stupid quantative easing stuff on bitcoin like they do on fiat currencies.

[Taki]

I suppose people will rather move their founds in gold or realty as usual. Bitcoin stays not attractive for investment, because of it's unpredictable nature.

[deisik]

Small local financial crashes are good for bitcoin,but a major world crash like the great depression might hit
cryptocurrencies as well.
I don`t think that people will trust a cryptocurrency when the major crash happens.
They will most likely buy gold and silver.

Well if likely there will be a major crash is happening, I'd rather invest my finances to some business that I think that don't be affected by the crash. If I'll invest in cryptocurrency, just some part of my finances will do as there will no 100% assurance of return of investment. I'll distribute it equally where I think it can have a good output

That would be risky as hell

It is businesses that are going down during major crashes. In fact, this is what an economic meltdown primarily consists in or even caused by, i.e. lowering or outright vanishing business activity. You may think that a certain business may not get affected by the crisis, but this is not so since all businesses suffer dramatically, it is just a matter of degree. That is, some businesses suffer more, some less. And I'm not even speaking that such investments are risky on their own even in the times of economic boom and revival (read you can still easily lose your investments, see the dotcom bubble)

[LouVandetta]

It is quite possible, I could say.

I believe bitcoin is a really good investment for a long run.
But I don't think that everyone have the guts to do so.
Ppl are tend to invest their money in real thing like real estate, gold etc or some other bussiness.

[andrei56]

At the moment , I think it's still risk for me to move my all money into bitcoin since bitcoin still consider as risky investment not currency
So my better option still convert my money into gold or other well known investment that have been legalized by goverment

In a financial crises it is better to move your assets to gold and there will be a huge influx of investment in the crypto market as well,the fact remains that there is no other viable options to move your money when there is a economic crises because everything will be affected.

I disagree, there are options, when things go right people prefer soft assets since they can be easily traded, examples cash, certificates of deposits, stocks, but when things get difficult people prefer hard assets like real estate, gold, silver, it will be interesting to know how people are going to consider bitcoin.

[Prettygirl01315]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

It is just a prediction. Maybe He is right or maybe he is wrong. We should just see what is happening now. We all know that bitcoin is doing well in the past few years and a lots of investors are going into bitcoin. I think it is just a fud so that he can buy a lot more bitcoin with cheap price. So dont panic and just enjoy the ride.

[DoublerHunter]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

It is just a prediction. Maybe He is right or maybe he is wrong. We should just see what is happening now. We all know that bitcoin is doing well in the past few years and a lots of investors are going into bitcoin. I think it is just a fud so that he can buy a lot more bitcoin with cheap price. So dont panic and just enjoy the ride.

You can tell if it is a FUD if the news is all negative about bitcoin and there is nothing solid proof that will support his statements, most of the FUD are just creating because they want to manipulate the newbies to sell their bitcoin so the rest will follow and they can enter to the market with a great entry price and they will replace the newbies and they will become holder for a long term.

[Omega Weapon]

...

I agree with above comments that some savings will move into Bitcoin in a financial crash.  BTC could still go down even if some money goes into it, because other holders may need to sell to pay bills...

But, as deisik suggested, the time to get started is NOW (if you do not have BTC and/or gold).

It is always smart to be diversified, especially in times of financial crisis.  US stocks are down 1% or so as I write (tech stocks even more).

There are those that think they are going to benefit from a crash of the economic system, but the truth is  if the economy crashes, you will need to use your bitcoin to survive, so you will lose most of what you have as most people, bitcoin mostly will be like an insurance policy, so you do not have to suffer as much as those that did not take the right precautions.

[timerland]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

It's definitely not FUD.

In fact even the top in business knows that a financial crisis is definitel ygoing to come. The 2008 one nearly collapsed the entire world financial system, and i can see a much larger one that is boiling up right now as a result of the endless amount of debt the US owes to exporting, developing countries such as China, india, resulting is a very large current account deficit in the US that will eventually self correct and be absolutely devastating.

Hedge yourself against this by either placing a portion of your wealth in silver/gold or in bitcoin. That is the smart thing to do, at least imo.

[Omega Weapon]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

It's definitely not FUD.

In fact even the top in business knows that a financial crisis is definitel ygoing to come. The 2008 one nearly collapsed the entire world financial system, and i can see a much larger one that is boiling up right now as a result of the endless amount of debt the US owes to exporting, developing countries such as China, india, resulting is a very large current account deficit in the US that will eventually self correct and be absolutely devastating.

Hedge yourself against this by either placing a portion of your wealth in silver/gold or in bitcoin. That is the smart thing to do, at least imo.

I agree, FUD is misinformation spread to cause fear among investors and traders, but it is not FUD if it is backed by data and common sense, the way the economies of the world are being run by politicians and bankers cannot last forever and when this finally crash the crash is going to be spectacular and it is very likely the consequences of this will affect us for the rest of our lives

[jaysabi]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

Jim Rogers is a blowhard. He makes a living by forecasting doom and gloom scenarios. His track record on his predictions is horrible. All that aside, if a financial collapse were to happen, I would expect Bitcoin to fall hard. This price is propped up by speculators and gamblers looking to get rich quick. In a financial crisis, money flows away from the riskiest assets first, and as the current King of speculative vehicles, there's nothing riskier than Bitcoin. When all the money is fleeing to safety, there'll be nothing to prop up the price of Bitcoin.

[seattletu]

Peoples are invest their money in bitcoins, because they want to Billoniare with in less time. We can send Bitcoins to anyone without transaction fees.
No one can restrict on Bitcoins. it is very simple to use.

[stompix]

Another guy that predicts the next financial crisis will happen ...sometime in the future

2013
Economist Peter Schiff Forecasts Second Crisis to Hit Around 2013
https://ivn.us/2012/10/28/peter-schiff-who-predicted-the-financial-crisis-forecasts-the-worst-to-come-around-2013-2/

2014
Alessio Rastani Predicts A ‘Devastating’ Financial Crash In 2014
http://www.huffingtonpost.co.uk/2013/10/25/alessio-rastani_n_4162423.html

2015
Beware the financial crisis of 2015
http://www.smh.com.au/business/beware-the-financial-crisis-of-2015-20110331-1cnd5.html

2016
Beware the great 2016 financial crisis, warns leading City pessimist
https://www.theguardian.com/business/2016/jan/12/beware-great-2016-financial-crisis-warns-city-pessimist

This is like the dinosaurs betting an asteroid will hit the earth.
In the end it did but it took around 180 million years to get it right.
You might check this one too:
http://rationalwiki.org/wiki/List_of_predictions_of_the_end_of_the_world#20th_century

[SyGambler]

personally I do that cause my country has suffered from big hyperinflation during the last 4 years
gold here is hard to get these days unless you want to buy ear rings or jewelry things and it's not good investment due the high commission for the maker
so bitcoin is my best bet , when I started usuing bitcoing it was like 8 times smaller than these days so bitcoin went way up and currency here went way down
so I guess I did the right thing   

[recklessMe]

A notion of financial crash is always something obscure. It’s hard to predict what will happen. But it’s more likely that Bitcoin is a good investment in such case, because it is less involved in the state-regulated economy (due to which financial crashes occur). The Cyprus crisis shows this perfectly. Everyone started buying Bitcoins in order to keep their savings. By the way that was the time when I realized that Bitcoin is something big.

[Zemangat]

Predictions about the collapse of the country's economy have long predicted. Only if something happens. I do not agree with those who transfer their savings to bitcoin. Because they are still afraid of losing them. They say bitcoin is not safe enough to save money. It's better they keep their money in the bank and they feel safe. But that happens to some people who only know the bitcoin from the negative side. For those who are already familiar with bitcoin they choose to invest bitcoin for the medium term. They move their money to invest bitcoin in the hope of gaining a lot of profit

[izanagi narukami]

Bitcoin still can't consider as valid currency since their value still volatile or unpredictable
So it's just fit as alternate investation like gold etc. Ofcourse it's wise decision to move their money into investation but at least select a stable one since my friend experience major loss because using bitcoin as active transaction

[Ammigo13]

In the event of a global accident, people will switch to more reliable investments in the form of gold or dollars. Now for security, many keep their funds in different directions.

[BitcoinGirl.Club]

In the event of a global accident, people will switch to more reliable investments in the form of gold or dollars. Now for security, many keep their funds in different directions.

I agree, If the financial market crashes (fiat) cryptocurrencies could be the best alternative for people looking to reinvest their money and bitcoin could go to the moon easily as panic buyers rush to get their hands on btc which could see btc take centre stage and become a worldwide acceptable currency

[MFahad]

In this interview, he is just talking about only America's financial crashes not all over the world crashes and also bitcoin has no belong on it.
I don't think that it is bitcoin crash. Even i think may be in that time, bitcoin will be helpful for the people who will be jobless.
May be bitcoin will be done a character of earning source of income in a financial crashes period for American.