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Author Topic: How would Bitcoin react to a global financial crisis?  (Read 348 times)
LuanX3
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February 24, 2018, 11:33:16 PM
 #101

Price of cryptocurrencies will skyrocket if crisis happens

That has no basis what so ever. How do you think will it skyrocket if it happens? People might not even care about cryptocurrencies if there would be a financial crisis, and probably the whole world will just rely on barter to live and forget about any from of money which is the worst case scenario as that would be the hardest way. But I don't think cryptocurrencies would be the go to when things go south.

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March 12, 2018, 09:15:57 AM
 #102

Bitcoin is considered to be a ‘safe haven’ by investors, just like gold.In times of crisis, uncertainty or panic, investors will likely dispose of their ‘exposed’ assets and use bitcoin as a hedge.In other words: the price of bitcoin will rise.Cryptocurrencies like Bitcoin could be affected both positively and negatively by a global financial crisis. This depends on the degree of correlation of the Bitcoin price to the assets under pressure in the crisis.The Bitcoin price can rise, as investors view it as an asset that is relatively safe from the crisis.And in the other hand the Bitcoin price can fall, when investors choose to invest not in Bitcoin but in assets that are regarded as near-risk-free, such as certain government bonds..
beej
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March 12, 2018, 06:43:21 PM
 #103

I think bitcoin would not be affected much with a global financial crisis. It may however strengthen it's
market value since people consider it as a strong and firm investment. But that is just mere speculation,
Truth is we may still never know until a real one arrives, were having trouble and concerns within the
cryptocurrency market as bitcoin does what it does best, fluctuate. Hopefully if a real global financial
crisis does happen, lets hope bitcoin will hold it's own, since other altcoins are seemingly following
bitcoin's path in the market. On the other hand bitcoin might be a stash of wealth if a financial crisis
comes, with it's high volatile nature, bitcoin is still the number one and strongest currency to date.
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March 12, 2018, 09:55:37 PM
 #104

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.

We cannot be sure of Bitcoin downfall if that kind of situation happens. Even if the specific country fails in the prevailing over the crisis Bitcoin would remain the same. Many investors are using FIAT as the comparison for the cryptocurrencies, especially  Bitcoin to calculate the value of it. Those that are more involved in the crypto trading don't actually make a value in a comparison with the FIAT and that is the true way Bitcoin needs to be looked at. The global crisis would only temporary affect the Bitcoin as such but for the future after a crisis, prevails of the decentralized currencies would be unavoidable.

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March 12, 2018, 10:02:43 PM
 #105

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?


I would say that during financial crisis bitcoin position will be a little bit affected but not totally depriciated. Because during this time people will only think of hoarding money to support family needs.

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March 12, 2018, 10:07:19 PM
 #106

We have heard this claim before, but I'm not sure it's true.Yes, gold has dipped during the 2008 financial crisis, but let's not forget that at the time it was at an all time high and many momentum chasers were holding it without understanding WHY it was rising.Nowadays gold is in the shitter. Nobody in Wall Street is holding any gold and therefore in a crisis scenario they won't have any to sell!I think that in the event of a financial crisis , gold will be on a tear.

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