Kulafu
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January 19, 2018, 08:27:50 AM |
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Global economics affect all including the cryptocurrency. Btc still work in Fiat it has no full autonomy. If the the economy of a certain country colapse cryptocurrency will be affected as well.
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intoy_victor
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January 19, 2018, 10:10:57 AM |
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Bitcoin could reduce the global financial crisis to those who in need. Crypto Currency also could help to improve the world by the fast transaction of currencies and exchanging money. Bitcoin could also help the economy or not. When bitcoin reduce the global financial crisis maybe some government adopt it.
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Zlatangu
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January 19, 2018, 10:15:33 AM |
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I do think that bitcoin wouldn't get affected and would not affect anything worth to be serios about, i do think the bitcoin economy as smth distant from the factors that endorse the wwe (world wide economic).
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YinShuiSiYuan
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January 19, 2018, 10:50:39 AM |
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In my opinion, the global financial crisis may contribute to the increase in the value of bitcoins. People have more and more confidence in cryptocurrencies, and the crisis may further increase them.
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Strongball
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January 19, 2018, 01:42:01 PM |
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In a financial crisis everything's affected. Everything goes down in the financial, stocks ,economic aspect and even cryptocurrencies. I think bitcoin will not be exempted when that happens. Even if there isn't any financial crisis yet, bitcoin has fluctuations already, maybe it will be different when one actual crisis does comes along. Maybe it will be the other way around.
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burner2014
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January 19, 2018, 02:45:03 PM |
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In a financial crisis everything's affected. Everything goes down in the financial, stocks ,economic aspect and even cryptocurrencies. I think bitcoin will not be exempted when that happens. Even if there isn't any financial crisis yet, bitcoin has fluctuations already, maybe it will be different when one actual crisis does comes along. Maybe it will be the other way around.
Due to lack of financial a lot of investors would pull out their investment here in bitcoin and with that bitcoin will also suffer, although bitcoin is just a digital currency please take note that we are still using money in buying for it, so the purchasing power of people in buying coins will really decrease, so the effect would be bitcoin and other coins also affects a lot.
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jaysabi
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January 26, 2018, 12:56:01 PM |
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how would bitcoin hold up during a financial crisis. .... Venezuela could provide a real world example of how bitcoin would fare during a financial crisis. The venezuelan native currency (the bolivar) is currently hyperinflating. The entire nation is bordering on economic collapse, despite being rich in oil. Still venezuelans mine bitcoins and find ways to buy/sell using crypto currencies, some are doing well with their crypto mining enterprises, earning a decent living for themselves under circumstances where they otherwise might not be able to. That's probably the best case example I can think of, although there could easily be africans, cubans and others currently not living under the best economic or living standards for whom bitcoin is something of a savior. This would be misleading. Bitcoin has value in Venezuela because btc's price is supported by stable fiat currencies that make it hold its value (well, relative to the Bolivar). That's not Bitcoin being tested by a financial crisis, it's just btc being used in an area already under crisis while the rest of the world that supports btc's price is not in crisis. If the rest of the world experienced a crisis, the price stability (to the extent you can call this volatility "stability") that btc experiences would be directly affected.
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Magister Magus
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January 28, 2018, 09:12:03 AM |
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It depends on the extent of the crisis: if it's a so big one to provoke the crash of the infrastructure (as a global nuclear war) of course bitcoin value will fall to zero. But if it's a local one, even as in case of 2008 crisis, I think that bitcoin will resist much better than fiat money.
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ladydark
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January 28, 2018, 11:47:09 PM Last edit: January 29, 2018, 10:30:18 AM by ladydark |
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Bitcoin has not encountered such crisis before and so it's hard to say. But bitcoin has helped Nigerians and Venezuelans much during the crisis . Earlier people used to buy gold during such crisis and found it as Safe Haven as they had no other choices.But now, they have Bitcoin and when crisis occurs hereafter, then we could see bitcoin's potential.
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pinoyden
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January 29, 2018, 12:03:22 AM |
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Bitcoin has not encountered such crisis before and so it's hard to say. But bitcoin has helped Nigerians and Venezuelans much during the crisis.
of course bitcoin has not yet encountered such crisis because that is not the topic all about , have you ever read the the title of the thread? it clearly says how would bitcoin react to global financial crisis therfore i could say that bitcoin helps people to earn income by giving them job oppurtunity online. bitcoin also helps business companies in order to become more inovative and profitable by improving thier payment sysytem.
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rouhaud
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January 29, 2018, 12:05:12 AM |
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bitcoin has as everyone supposed two way to react 1; following the overall trends 2 ; being the exit door of wealth
for me it shoudl be the second has bitcoin was created so no one can falsify money and as you probably know every crisis is due to a somewhat ponzi scheme. bank and traders buying stuff with money that they don't own or that people owned them. the problem is we have open futur for bitcoin and that's a way of allowing those same guys to make their stuff with bitcoin. and that's were it become a problems, those futur will probably collapse at the same time and let bitcoin price goes to parity with the value of real owner put it, probably less than where futur pump it. but i don't think it will collapse as much of the rest.
and the other a cryptocurrency crisis can happend but i don't think it will be onthe same calendar anyway.
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Sexie
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January 29, 2018, 01:50:36 AM |
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I am of the opinion that bitcoin's value in dollars will shoot up like crazy! Bitcoin is used by people (at least some of them!) as an investment and as a hedge against inflation. It is the new gold! So yeah, bitcoin will appreciate even further in value and more people will start to use it.
. In my opinion, once there is what we call a global crisis. I think bitcoin will rule over it. But I think that will not happen anymore as bitcoin helps local currencies productivity stable . As long as bitcoin is there, it will rise up the economy in every nation. It helps because it is profitable as investment and assets. As being a digital currency, it only done through online transactions cheaper and easier. Once a person is financially stable then by his local currency , she or he might be able to pay taxes or Evat in every commodities needed in everyday living that way , will help the country. Local currencies and bitcoin for me are both essential of working together in world economy.
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GregH37
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January 29, 2018, 08:51:13 AM |
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It depends on the extent of the crisis: if it's a so big one to provoke the crash of the infrastructure (as a global nuclear war) of course bitcoin value will fall to zero. But if it's a local one, even as in case of 2008 crisis, I think that bitcoin will resist much better than fiat money.
I think bitcoin is the best remedy to boost economy after the economic crisis because bitcoin community is joint and people are investing into it at the larger level and this thing is giving more progress to the bitcoin as well and the profit rates of bitcoin are also well enough to give people a moment of pleasure in the crisis situation and I don’t think so any of crisis will occur everything is going fine and bitcoin is effective.
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mahilchii
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January 29, 2018, 09:13:04 AM |
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I don't think global financial crisis will affect bitcoin, guess bitcoin will increase in double more than the expected price since the concept of bitcoin actually will be adapted by all countries if that happens to rescue them. There won't be any global financial crisis will happen but in case as you said if it happens bitcoin will rule the world and it's demand will be increased.
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goaldigger
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January 29, 2018, 11:06:36 AM |
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If we suffers from financial crisis, we need to gather funds for survival and we definitely get what we have at first, the cryptocurrency. If more holders withdraw their money and almos no people are interested on investing because of the crisis, the bitcoin and other cryptocurrency will soon die.
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potzpotz
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January 29, 2018, 12:19:45 PM |
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It has been 10 years since the 2008 financial crisis and there are a number of financial experts out there predicting doom and gloom to hit the financial world this year. To be fair, every new year brings new crazy predictions, so, although I am not reading too much into it, It did get me thinking - how would bitcoin hold up during a financial crisis.
We know gold is able to withstand a crisis, but with the price of gold very much being controlled nowadays, it might not be a good idea to use them as a comparison.
Interested to know peoples thoughts on the matter, what do you think would happen to bitcoin during a financial crisis?
It can react to financial crisis by its price of bubbles the worth and value is ladderized it not permanent every minute change
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gledek
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February 24, 2018, 06:31:49 PM |
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I think bitcoin will decline, because everyone will sell all its assets because it needs money for their needs during the crisis, and the possibility of investors not investing.
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brengoskandel
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February 24, 2018, 06:46:38 PM |
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the current financial crisis has occurred in the country of Venezuela, and all the citizens of venezuela rely their lives with bitcoin, they exchange bolivar currency with bitcoin. and it is used for daily needs, for example to buy food, pay for coffee, and also laundry. and it is now proven that bitcoin can be useful in the financial times of a country in crisis, as is the case with Venezuela today.
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Semosuchi Tesongrato
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February 24, 2018, 10:04:30 PM |
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Well, in a very big crisis, if the internet will still exist, probably bitcoin will be safer than fiat money, as nobody could take the control of the blockchain. Of course, in case of thermonuclear war, if the civilization end... well, I don't think that money will be the main problem...
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Cryptagio
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February 24, 2018, 11:21:12 PM |
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Price of cryptocurrencies will skyrocket if crisis happens
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