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Hoganye
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July 18, 2017, 03:56:23 PM |
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Hello
what will happened with cripto currency if it was world crisis?
wha do yu think?
The crypto market is never affected by the global economic crisis, it is a cryptographic currency, it has its own value, its value does not depend on the value of the fiat. Well in present, it depend by mentality of trader on market. They are reason make the price of crypto falldown or increasing. You can see in today just by some good news about BIP91 sginaling, the price of Bitcoin has recovery strong and fast from $1900 to $2300 lol |
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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giveen
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July 18, 2017, 06:12:10 PM |
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Won't have any affect the crypto market doesn't work like stock market the price changes in stock market because of crises or any other economy crash but till date there has never been any fall in bitcoin or the crypto market because of the world economic issues , not saying won't happen in future my theory is maybe during crises bitcoin can help solving the crises but still i maybe wrong about this.
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The_prodigy
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July 18, 2017, 06:18:33 PM |
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Hello
what will happened with cripto currency if it was world crisis?
wha do yu think?
In an event of a world crisis like for example all major technology has shut down then it would greatly very much affect cryptocurrency as it is electronic. Once it happens you can't encash it and all that you have purchased would be like gold turning into rock. That is what I think would happen and might cause some further uproar especially if you have purchased a great deal of it. |
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michkima
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July 18, 2017, 06:59:43 PM |
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Hello
what will happened with cripto currency if it was world crisis?
wha do yu think?
When there is a crisis then everything will go down. There is no reason why cryptos will stay up when it happens. Another scenario is that prices will go up, but the value of the dollar goes down. So in the end the value of cryptos will all still go down. There is really no stopping a crisis unless there is sudden changes the governments will do and its people. |
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kryptqnick
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Activity: 3080
Merit: 1384
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July 18, 2017, 08:27:03 PM |
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Hello
what will happened with cripto currency if it was world crisis?
wha do yu think?
Historically, when there are times of uncertainty around the world, or in specific places in the world, or when the confidence in the national currency decreases, people flock to gold for safety. With cryptocurrencies around nowadays, I'd think that any uncertainty or currency crisis would cause a huge influx of money into cryptos for safety to maintain wealth. I don't think this sounds realistic. People would rather care about food or diamonds. Moreover, I think cryptocurrencies may in fact cause the world crisis. Why? Because people invest in currencies and sell them, thus earning money. They mostly don't use them. And this means that they are not worth these big sums people get when they sell them. |
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Hydrogen
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Activity: 2562
Merit: 1441
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July 18, 2017, 10:29:22 PM |
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I still think bitcoin's value would increase to offset the decrease of fiat declining in value under global crisis conditions.
A case could be made for bitcoin being more stable than the euro which is $12 trillion in debt & the us dollar which is $20 trillion in debt.
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bitcoinvestor
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July 18, 2017, 10:40:40 PM |
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I think cryptocurrency crisis is normal because the exchanger stil normal. Now, people are waiting for the Aug 1 and after the day. There are possibilities that will take place after Aug 1. That 's what make uncertain situation for the people. For senior cryptodurrency player the situation is the gold mine where they can buy down fall good coins. When the good and stable coins dump, they hurry to buy in bulk because they know that the crisis will not everlasting.
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SaShiRaJaVu
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July 18, 2017, 11:34:04 PM |
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If there is an economic crisis then i am sure we will see more investment coming through in the crypto currency market without a doubt,every investor who lost a ton of money during the late 2000s know how brutal the crisis was and people would withdraw their money and invest in the crypto market if a crisis happens in the future.
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machinek20
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July 18, 2017, 11:50:46 PM |
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Crypto currencies still in a very early stage, and they can't be rely if world crisis happened, it can be a good source of income but it has a limitation, and because ot is not a stable investment I think people will look for gold to invest
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orions.belt19
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July 19, 2017, 02:58:27 AM |
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I think that Bitcoin is not stable enough for people to rely on it once a world crisis arises. Currently, people are still doubtful on investing on cryptocurrency and it is not yet that popular. As said by the other users, people would turn to gold once there is a world crisis because people believe it to be of high value. Depending on the world crisis, it may be possible that cryptocurrency would lessen in value or could even disappear.
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zarados
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July 19, 2017, 03:58:24 AM |
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I have not found information about the relationship between crisis and cryptos, but if the crisis can affect the value of cryptos, of course the crisis must be global, or at least in countries that are in control of the world's economy, Because the global crisis can affect everything, be it in the economic, social and the other.
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northstarh
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July 19, 2017, 04:05:05 AM |
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Hello
what will happened with cripto currency if it was world crisis?
wha do yu think?
No, it's not a crisis at all, it's very normal, it's like a storm going through a piece of land, and it's going to suffer great damage, but it will definitely recover. . |
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Rahar02
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July 19, 2017, 05:44:23 AM
Last edit: July 19, 2017, 05:54:27 AM by Rahar02 |
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It really, honestly just depends what kind of crisis we are talking about. There are untold scenarios that could cause BTC to spike higher, there are others that would cause it to be almost worthless / unsellable. Try trading BTC in a time when the internet goes down. Good luck.
If world economics really happens, then that is the time for bitcoin usability to be tested through people transactions. This problem remind me about diversify wealth into several investments, this matter has been questioned before and to be honest, there is no any certain answer as the answer indeed depend on what kind of crisis we're dealing with. If nuclear war happen in the future, then bitcoin will be useless as most electricity/electronics components won't works anymore. However, if it just an economic crisis such as happened in some countries such as in Zimbabwe, Venezuela, Greece or Brazil, then people could use bitcoin as an alternative currency which the value should be increase instead of carrying gold everywhere in order to buy goods or foods as you can ended be robbed. |
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farhaan
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July 19, 2017, 06:53:52 AM |
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Hello
what will happened with cripto currency if it was world crisis?
wha do yu think?
In earlier times,when crisis happened,people had non other choice except investing in gold and other assets.But now they have an alternate,bitcoin which is safe and secure.So they would definitely invest in crypto currencies especially bitcoin. |
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Nahl
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July 19, 2017, 08:49:54 AM |
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both are clearly different because world crisis is global but cryptocurrency only for the users itself and cryptocurrency cannot solved the problem of world crisis because economic global problem, civil war or terorism these two thing cannot be solved by how to use bitcoin or similar just like that so you're wrong linked for both of them
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markjamrobin
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July 19, 2017, 09:23:16 AM |
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Hello
what will happened with cripto currency if it was world crisis?
wha do yu think?
Bitcoin is a virtual currency, it does not depend on any other currency, its value is determined by the market. When the world is in economic crisis, independence will help bitcoin to stabilize. |
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_Legendary_
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July 19, 2017, 02:09:59 PM |
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The main problem of the crisis is because the financial system is still chaotic, many countries can not deal directly and must use a third party currency, this is certainly causing high demand for third party money so it can cause a crisis. Cryptocurrency can solve that problems.
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pearlmen
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July 19, 2017, 03:22:53 PM |
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World crisis could be anything, from war, to plague, financial crises, to fundamental disruption of the social order, either way it would happen, I think it wont have any effect on bitcoin simply because people have always looked for way out of world crisis even before the advent of bitcoin. From the world wars, to the great depression down to the recession witnessed years back among several disruptions around the globe, only those involved in bitcoin would still be involved so far the internet is still working and it does not affect the power grids.
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Palider
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July 19, 2017, 03:53:47 PM |
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Hello
what will happened with cripto currency if it was world crisis?
wha do yu think?
First, At this day (Present) all of what we doing are seen by someone in our environment that would be the evidence of what we do. for example investment, there are few people watching the chart while some person do buy low and sell high, the watcher is just waiting for the better trade/deal. this is like our life or crisis in cryptocurrency, we are in, in this kind of technology evolution or life adoption in earth, nothing is impossible to happened for me. Means crisis will be depend always on us! |
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bitbunnny
Legendary
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Activity: 2898
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
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July 19, 2017, 06:42:26 PM |
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I have the feeling like crisis is ongoing all the time. It's only moving from one part of the world to another. Bitcoin can't help to stop the crisis or even influence it in any way but it can help to the people as an alternative and many have recognized that potential of cryptocurrencies. So people are feeling better knowing they have some back up.
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