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Author Topic: How would a real economy crash affect btc price?  (Read 423 times)
SplendidHunter
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May 31, 2018, 09:22:18 AM
 #61

I think that this can happen both sides, bitcoin will became more demaded, but also less expensive, because all people would need it now

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CryptoPlowman
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August 13, 2018, 08:53:55 PM
 #62

Well, it is just another way of payment. And it is very slowly. Visa transactions are in thousands times faster. Not everyone want to wait so long time.
Chris_Costales
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August 13, 2018, 09:09:34 PM
 #63

Actually, bitcoins depend on the market as well. If the market crashes, the cryptocurrencies will crash as well. But as they are meant to replace fiat money and the actual system, the crash could be useful for them. I mean that maybe virtual money can survive for the upcoming financial crash and therefore become number one on the market. It is possible. The goal of financial crises is to bring something new. If a crisis happens, cryptocurrencies might suffer but might come up a winner as well. People would give them a chance to grow and to change the system. Remember that the goal of cryptocurrencies is also to change the system and allow businesses to be faster and independent.
talenah kotang
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August 13, 2018, 11:39:39 PM
 #64

Maybe what will happen is the price of btc will go down because if the war happens everyone is pressed and needs money, for the easiest way to sell their bitcoin if they are pressed.
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