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Author Topic: How would a real economy crash affect btc price?  (Read 423 times)
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May 12, 2018, 03:50:07 PM
 #41

Most likely, when another eonomic crisis occurs, lots of people and coumpanies will rush to move their holdings to safer stores of value and bitcoin will definitely be one of them. The high demand on btc will inevitably drive its price to the moon.

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May 13, 2018, 04:59:34 AM
 #42

Bitcoin and crypto currencies have been made to replace trust in banks and to be able to do without their centralized systems.
Imagine an unfortunate event in the world causing an economic crisis, or a crisis caused by the crypto themselves. A kind of 1929 bis in the 21st century. It would be sad, of course.
But what would be the destiny of bitcoin and other crypto currencies?
And worst of all, in case of serious disruption of the economy, such as war, for example, what would you say?
Dude, what I believe is that Bitcoin is meant for the same purpose just as other payment methods like PayPal and similar ones. If you think that Bitcoin was made to replace bank or whatsoever, then you’re wrong. Bitcoin is just there to make things to be a little more easier for you than it used to be. Just like when you want to make an international transaction with banks, there are lots of fees to pay, making it very costly move money to a different country.

But, with Bitcoin you can easily send and receive money without much stress and lesser transaction fees. As for whether the economy can affect Bitcoin or not, I think the answer is yes.
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May 13, 2018, 11:12:29 AM
 #43

I actually feel like that bitcoin prices may go up in real value, despite the economy crash.

The thing is, bitcoin is by nature, a hedge against fiat currencies. And in a full on economy crash or hyperinflationary scenario, fiat would lose at least part of its value if not most of its value. The entire fiat system could even become dysfunctional.

Bitcoin would be the clear alternative currency to use, and in a way, it forces people to adopt it in order to trade. Obviously, these are extreme scenarios. But the fact that BTC is indeed a hedge against fiat makes it a great long term investment.

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May 17, 2018, 05:09:38 AM
 #44

If there is another economic crisis in the world, this will cause mistrust of ordinary money and increase the demand for crypto currency. However, if war begins, then interest in crypto currency in will depend on the size of such a military conflict. In the local war, as the events in the zone of recent tension in the region of North and South Korea have shown, the rate of the crypto currency is increasing. However, if the war is global, it seems to me that very few people will then be interested in crypto currency. If then the Internet will still exist.

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May 17, 2018, 05:22:16 AM
 #45

If there is an economic crisis or war, then bitcoin will definitely be affected. The whole society will be unrest so that no one is interested in collecting bitcoin. Maybe gold is more valuable, and people can carry the same value in a few years. I think the economic crisis will destroy all financial commodities, including bitcoin.
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May 17, 2018, 05:26:56 AM
 #46

Unexpected situations can effects bitcoin only. like wars, crisis etc. Regular economic can not effect bitcoin and altcoin market.

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May 17, 2018, 08:49:35 AM
 #47

Depending on the crisis level, could it be that people start cashing out since they need money?
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May 17, 2018, 10:22:04 AM
 #48

china accidents affecting bitcoin prices, the bitcoin price hike as coverage of china occurs quite frequently. This can be a source of constant unrest and frustration for people holding bitcoins for the long term, this could be the cause of its bitcoin price and news from other countries also have an impact on bitcoin prices. one of the most notable examples is the bankruptcy of Mt.Gox.
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May 17, 2018, 11:22:37 AM
 #49

Bitcoin and crypto currency could be seen as a luxury item and if there was a economic crash or crisis that would be reflected in crypto currencies it would either be positive or negative and would depend on what the crisis was.

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May 19, 2018, 04:03:34 PM
 #50

Most likely, when another eonomic crisis occurs, lots of people and coumpanies will rush to move their holdings to safer stores of value and bitcoin will definitely be one of them. The high demand on btc will inevitably drive its price to the moon.

I see the situation will be a bit different. When the economy crashes, people become poor, and they think about the other things - not to lose the job, feed their families. They may not have the money for BTC.

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May 19, 2018, 05:16:34 PM
 #51

Bitcoin and crypto currency could be seen as a luxury item and if there was a economic crash or crisis that would be reflected in crypto currencies it would either be positive or negative and would depend on what the crisis was.
Since there hasn’t been any economic crisis ever since Bitcoins emerged, I really doubt that it’s going to provide the same haven as Gold provides because it’s well known that Gold is very stable in case of financial crisis.



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May 19, 2018, 05:30:35 PM
 #52

If Bitcoin is still diversified from the current currency every country has, then nothing. Unless government utilizes cryptocurrency during the war for an anonymous transaction at the other country for the terrorist to not see or observe any upcoming money coming from the government. Well not like government will use Bitcoin at some point, they might even just use their own cryptos if they're planning to get one.

An economic decline would be just for that country, there's no full connection with the Bitcoin. Although somehow that due to price's instability, people might take advantage of it, because there would be mostly unemployment when economy crashes.

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May 19, 2018, 07:14:19 PM
 #53

Most likely, when another eonomic crisis occurs, lots of people and coumpanies will rush to move their holdings to safer stores of value and bitcoin will definitely be one of them. The high demand on btc will inevitably drive its price to the moon.

I see the situation will be a bit different. When the economy crashes, people become poor, and they think about the other things - not to lose the job, feed their families. They may not have the money for BTC.

Economic crisis doesn't make people poor in a split of a second. It's a whole process. As soon as people realize the crisis has come, they will try to protect protect their funds by reinvestment. Plenty of them will find btc as a good store of value. Look at what is happening in Venezuela or Zimbabwe where depreciation of the local currency drove masses into crypto. Of course, not only regular working people will rush into bitcoin, but also businessmen and corporations. And that demand has all chances to drive the price dramatically up.

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May 19, 2018, 07:26:46 PM
 #54

Most likely, when another eonomic crisis occurs, lots of people and coumpanies will rush to move their holdings to safer stores of value and bitcoin will definitely be one of them. The high demand on btc will inevitably drive its price to the moon.

I see the situation will be a bit different. When the economy crashes, people become poor, and they think about the other things - not to lose the job, feed their families. They may not have the money for BTC.

Economic crisis doesn't make people poor in a split of a second. It's a whole process. As soon as people realize the crisis has come, they will try to protect protect their funds by reinvestment. Plenty of them will find btc as a good store of value. Look at what is happening in Venezuela or Zimbabwe where depreciation of the local currency drove masses into crypto. Of course, not only regular working people will rush into bitcoin, but also businessmen and corporations. And that demand has all chances to drive the price dramatically up.

Centralized economy will not give any damn to bitcoin investment mate. Then you need to know that fluctuation on Bitcoin market happening due to marketplace movement and fake news spreading over local media site.

Other than centralized economy will not give any damn to crypto currency market mate.
If crypto rise in the market then centralized money get damaged more.

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May 19, 2018, 08:11:56 PM
 #55

the world economy and events won't related to cryptocurrency too much larger extent they are independent and decentralised crypto economy depend on their trust one to one
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May 20, 2018, 12:39:08 AM
 #56

I think in every country they have their own economy. Especially if it is a crisis. It is all connected in our daily lives and role in the economy. Everything is affected even Bitcoin. Because Bitcoin depends on its users.

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May 20, 2018, 05:03:42 AM
 #57

In the case of a general crisis of the real economy in the world, interest in the crypto currency should increase and its rate in this regard will increase.
However, if there is a war, the scenarios may be different: in case of a local war, the rate of the crypto currency will increase, but if the war is global, then the crypto currency can simply disappear, because it will not be in demand or for technical reasons.

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May 31, 2018, 08:42:55 AM
 #58

If there would be a war the most safeties way to save bitcoins would be a desktop wallet in a portable hard disk and we can keep bitcoins in the hard wallet until the collapse of our world and hope that they would be alright.

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May 31, 2018, 08:56:10 AM
 #59

Bitcoin and crypto currencies have been made to replace trust in banks and to be able to do without their centralized systems.
Imagine an unfortunate event in the world causing an economic crisis, or a crisis caused by the crypto themselves. A kind of 1929 bis in the 21st century. It would be sad, of course.
But what would be the destiny of bitcoin and other crypto currencies?
And worst of all, in case of serious disruption of the economy, such as war, for example, what would you say?

Crash of a real economy (to the extent of 1929 or 2007) would in my opinion cause sharp increase in Bitcoin and Altcoins prices. People tend to look for safe heavens and cryptocurrencies have one special advantage over other assets - they are not linked to any other real indicators. They tend to move independently on a business cycle which is a huge advantage in times of a crisis.   

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May 31, 2018, 09:17:17 AM
 #60

...
Crash of a real economy (to the extent of 1929 or 2007) would in my opinion cause sharp increase in Bitcoin and Altcoins prices. People tend to look for safe heavens and cryptocurrencies have one special advantage over other assets - they are not linked to any other real indicators. They tend to move independently on a business cycle which is a huge advantage in times of a crisis.   

It is also possible that a crash of the real economy would damage the prices of all cryptocurrencies.
When people are laid off or are in desperate need of money for other reasons they will start to liquidate
more speculative investments like Bitcoin or other cryptocurrency holdings.

It is hard to withdraw money from a retirement account, but it is easy to sell off a few coins when
you really need the money.



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