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Author Topic: Bitcoin price and financial crisis/downturn  (Read 807 times)
fred21
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September 04, 2017, 09:21:21 AM
 #1

Hi,

Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)

in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable

Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?

thanks






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September 04, 2017, 09:31:19 AM
 #2

Well the 2008 crash happened because banks were being reckless with their money. Congress wouldn't let them leverage money (gamble with money they don't have.) This would probably increase the value of Bitcoin if anything. If people lose faith in banks then the alternative is bitcoin.

I can imagine many things that could hinder bitcoin growth and cause it to collapse. Government intervention could cause Bitcoin price to collapse rapidly. Let's hope that doesn't happen.

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September 04, 2017, 09:42:49 AM
 #3

I can imagine many things that could hinder bitcoin growth and cause it to collapse. Government intervention could cause Bitcoin price to collapse rapidly. Let's hope that doesn't happen.

government intervention can cause bitcoin price to collapse (for example by forbidding its use)  but government can't kill bitcoin because it is decentralized.

But the question here is rather what financial crisis will do to BTC.
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September 04, 2017, 09:48:22 AM
 #4

Well the financial crisis could mean that bitcoin starts being taken more seriously and adopted more in the world. Of course if may make bitcoin value decrease for some time, but if fiat currency gets bad with inflation, then something will have to rescue them, and I believe that cryptocurrency can help in that. Other think is the not acceptance by bankers and corporates and with that ban bitcoin, that would make bitcoin sink probably.
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September 04, 2017, 09:52:07 AM
 #5


Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?


While bitcoin is the alternative currency it would perform well if there is a mainstream collapse.  Not everything does bad during a downturn.  Areas like gambling do great, people have less work and look for different ways to get money.  Everytime there is bad news in the mainstream economy we get a little spike on the bitcoin price is a little clue for you.

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September 04, 2017, 09:58:17 AM
 #6

Hi,

Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)

in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable

Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?

thanks









Dont know why people are obsessed with Bitcoin becoming a bubble, Bitcoin has strong fundamentals most importantly it's decentralised, last time bubble happened cause it was centralized, and there was a greed, overly valuations and with Bitcoins it's not the same, there is no irregular valuations, people are adopting it, countries are using it. I feel it's prices shall remain stable and grow, might come down but not to much, year end low target 3800$ high 5000$. That's the price range for me. Plus with North Korea going berserk who knows how high it could go.

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September 04, 2017, 10:47:00 AM
 #7

Hi,

Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)

in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable

Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?

thanks








The bond market will collapse within the next decade pretty much guaranteed due its unsustainable rates, no government will want to deal with that so they will try to come up with laws to try to avoid it which will only delay the inevitable for an even harsher explosion. Once that happens, it will be a chain reaction and even the most hardcore, anti-crypto boomers will be selling their assets and trying to buy anything neutral, then they will learn the lesson and regret not buying BTC earlier.

Peter Schiff will remain in denial for life even after boomers and goldbugs become bitcoiners too.


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September 04, 2017, 10:51:13 AM
 #8

Bitcoin itself won't experience financial crisis as it is not like a company in which they have quarterly earning reports, it is a currency simple as that. But if we are talking about a financial crisis in which a lot of people are liquidating all of there assets then Bitcoin would also be part of it as it is not immune to people who wants to have cash in their hands, also the affect on price of Bitcoin will be bad because it will decrease a lot.

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September 04, 2017, 10:54:16 AM
 #9

Bitcoin is currency, which means that in a financial crisis it will be not affected that much. It is interesting to note that even though bitcoin has not gone through a financial crisis it seems to be publicly released as a countermeasure to the financial crisis of 2008. Very interesting timing.

The hardest hit sectors are usually ones that rely on companies to perform well to generate a profit or government regulations to stay as is, for instance properties, shares, etc. Bitcoin does not.

People won't lose interest in btc when a financial crisis hits. It is considered to be a safe haven, actually. Which makes me think that a financial crisis will actually perhaps positively affect bitcoin as more people knows about it(like in the case of venezuela).



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September 04, 2017, 11:16:35 AM
 #10

Hi,

Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)

in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable

Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?

thanks








Interesting scenario.

Actually since bitcoin is decentralized i think that would be what saves bitcoin from being negatively affected by the financial crisis. Usually in the financial crisis, especially if it is inflation based people are looking for a safe currency that would store their wealth in the long run and not having to worry about it in the long run.

Bitcoin is perfect for this purpose. Commodities and stocks will be worst hit, but bitcoin probably will actually going up because of the increase demand in something that people can safely put their wealth in and forget about it and know that nobody can print more of it infinitely.

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September 05, 2017, 12:23:57 PM
 #11

Hi,

Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)

in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable

Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?

thanks








Interesting scenario.

Actually since bitcoin is decentralized i think that would be what saves bitcoin from being negatively affected by the financial crisis. Usually in the financial crisis, especially if it is inflation based people are looking for a safe currency that would store their wealth in the long run and not having to worry about it in the long run.

Bitcoin is perfect for this purpose. Commodities and stocks will be worst hit, but bitcoin probably will actually going up because of the increase demand in something that people can safely put their wealth in and forget about it and know that nobody can print more of it infinitely.

A lot of people are turning their back to gold and going to bitcoin as the neutral asset of choice. Gold has been underperforming for years now. It was supposed to save your ass, and not only that, but make you rich during the 2008 crash, and then all it did was stagnate into nowhereland. Meanwhile Bitcoin was released at that time and has delivered 5 figure % of gains since then, and it continues being the top performing currency/asset every year.

Goldbugs like Peter Schiff will remain on denial no matter how high it goes, but people that don't have a gold business and just want to leverage their risk and get rich doing so, are getting tired of gold and are buying bitcoin. In fact, I don't doubt for a second that even Peter Schiff is secretly holding BTC.


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stompix
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September 05, 2017, 12:34:21 PM
 #12

Bitcoin is currency, which means that in a financial crisis it will be not affected that much. It is interesting to note that even though bitcoin has not gone through a financial crisis it seems to be publicly released as a countermeasure to the financial crisis of 2008. Very interesting timing.

The hardest hit sectors are usually ones that rely on companies to perform well to generate a profit or government regulations to stay as is, for instance properties, shares, etc. Bitcoin does not.

People won't lose interest in btc when a financial crisis hits. It is considered to be a safe haven, actually. Which makes me think that a financial crisis will actually perhaps positively affect bitcoin as more people knows about it(like in the case of venezuela).

Lols, that's exactly why it is going to be affected.
Let's look at bitcoin right now , the market cap is because of the investments in it and usage.

In the case of a financial crisis the investments will go to zero and usage will decline.
What effect do you thin this will have on the price?

Who will run to a safe heaven in the case of a crisis when everybody is bleeding money?

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September 05, 2017, 12:40:07 PM
 #13

Hi,

Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)

in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable

Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?

thanks







One thing that will safe bitcoin from falling too much is that lits of people want to buy it for first time and any big price fall and they will start buying it.

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September 05, 2017, 12:44:30 PM
 #14

Bitcoin does there is no crisis. We constantly are seeing prices fall to 30% of the cost. If before bitcoin was worth $ 1000 then it was hundreds of dollars. Now bitcoin is worth almost $ 5,000. It is normal that now falls occur per 1000 dollars.

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September 05, 2017, 01:57:37 PM
 #15

I think the crisis will not happen to bitcoin, instead the less the bitcoin remaining in the mine will make bitcoin expensive.
this will be an opportunity for all of us who want to hold bitcoin in possession



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September 05, 2017, 02:02:19 PM
 #16

it is normal for bitcoin price to be volatile. But a financial crisis? it might happen if there is a global banning on it. On top of it, the blockchain technology behind the coin is what makes it valuable and gaining more acceptance.

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September 05, 2017, 02:04:27 PM
 #17

Bitcoin is currency, which means that in a financial crisis it will be not affected that much. It is interesting to note that even though bitcoin has not gone through a financial crisis it seems to be publicly released as a countermeasure to the financial crisis of 2008. Very interesting timing.

The hardest hit sectors are usually ones that rely on companies to perform well to generate a profit or government regulations to stay as is, for instance properties, shares, etc. Bitcoin does not.

People won't lose interest in btc when a financial crisis hits. It is considered to be a safe haven, actually. Which makes me think that a financial crisis will actually perhaps positively affect bitcoin as more people knows about it(like in the case of venezuela).

Lols, that's exactly why it is going to be affected.
Let's look at bitcoin right now , the market cap is because of the investments in it and usage.

In the case of a financial crisis the investments will go to zero and usage will decline.
What effect do you thin this will have on the price?

Who will run to a safe heaven in the case of a crisis when everybody is bleeding money?
You got the point and I don't see anything that they are correlated to each other.If theres financial crisis I don't see that Bitcoin would be affected.The main thing that bitcoins price comes valuable because of its users which theres an adoption buy and sell actively into its community.There might be some unexpected circumstances just like what happen now but bitcoin did stood till and remain strong.



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September 05, 2017, 02:09:05 PM
 #18

Hi,

Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)

in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable

Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?

thanks








I think it's because of China's government regulation that prohibits all ICO activities. the impact is very big, but I think it's only temporary and everything will be back to normal in a few days or weeks.

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September 05, 2017, 02:47:01 PM
 #19

Back to OP's original question of how Bitcoin has performed in financial crisis, the exact terminology is "asset corelation", whereby there is an assessment of whether the fall or rise in one asset class (EG stocks) will be mirrored by another asset class (gold). Hence there are safehaven assets that are not correlated with traditional investment assets. An example will be gold, which isn't really affected by swings in the stock, currency or bond markets.

Bitcoin does exhibit behaviour similar to gold in that is does not correlate to the movements of stock, bond or currency marlet, hence it does have some merit as a safe haven asset. However unlike gold, there is still a large degree of inherent volatility in bitcoin and crypto in general and only when volatility has decreased, will fund managers truly see bitcoin as an investment safe haven.

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September 05, 2017, 02:49:56 PM
 #20

Hi,

Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)

in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable

Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?

thanks


Bitcoin serves just to guarantee your value reserve in the event of a financial crisis in the country.

Sabonete Senador, lava até o seu dinheiro.
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