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Author Topic: Do you think that economic war is beneficial to Crypto ?  (Read 145 times)
minhchien9abandat (OP)
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July 11, 2018, 04:47:53 AM
 #1

There are too many people said that economic war is beneficial for Crypto in general and ICO in particular because Crypto don't has border and it is future technology !
But I think I don't think so. We saw Crypto was hurt by economic war recently.
what do you think?
cherryscarlett
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July 11, 2018, 04:50:25 AM
 #2

I think it helps that economic warfare will devalue the French currency, so people will exchange their French currency for encrypted currency.
That would allow new money to enter the entire encrypted money market.

Irvinn
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July 11, 2018, 04:55:41 AM
 #3

There are too many people said that economic war is beneficial for Crypto in general and ICO in particular because Crypto don't has border and it is future technology !
But I think I don't think so. We saw Crypto was hurt by economic war recently.
what do you think?
Economic war between states, probably, is not beneficial to anyone, since it always leads to mutual losses. At the same time, trade between states falls several times. I think that this is unprofitable and crypto-currency. Crypto-alaet actually serves the trade. Trade is falling, mutual settlements, including in the crypto-currency, may also fall.
melander81
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July 11, 2018, 04:58:51 AM
 #4

The Oxford English Dictionary defines economic warfare or economic war as involving "an economic strategy based on the use of measures (e.g. blockade) of which the primary effect is to weaken the economy of another state".
If there is economic warfare, I don't think even Crypto will prosper, in a certain country.
Crypto is here not to entirely replace fiat but to support the current state of the economy.
Eventually we will all move to digital currencies, but that will take time.
Shelan
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July 11, 2018, 05:03:42 AM
 #5

Well, it's a double-edged sword. We have to properly analyze what contributed towards such economic war. Once we get to the root of it, cancelling any form of anticipation, we'll have answers to whether or not if its beneficial.  
minhchien9abandat (OP)
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July 11, 2018, 05:27:34 AM
 #6

The Oxford English Dictionary defines economic warfare or economic war as involving "an economic strategy based on the use of measures (e.g. blockade) of which the primary effect is to weaken the economy of another state".
If there is economic warfare, I don't think even Crypto will prosper, in a certain country.
Crypto is here not to entirely replace fiat but to support the current state of the economy.
Eventually we will all move to digital currencies, but that will take time.
Good opinion! a good side of economic warfare is technology will develop It also motivates us to look for more technology. Crypto is one . Thank you for good defined
kier010
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July 11, 2018, 05:46:17 AM
 #7

in a war both sides will suffer casualties. the weaker one will always the one that gets suffer and defeated. economic war is not beneficial. if both sides can helps its other then it would be best.
Bumidinasty
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July 11, 2018, 05:49:00 AM
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I do not think because cryptocurrency works according to supply and demand, I believe cryptocurrency will improve the economy in the future, still believe the cryptocurrency market will continue to grow and get better.
cryptogeek101
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July 11, 2018, 05:58:45 AM
 #9

There are too many people said that economic war is beneficial for Crypto in general and ICO in particular because Crypto don't has border and it is future technology !
But I think I don't think so. We saw Crypto was hurt by economic war recently.
what do you think?

Every new technology that wants to take over the financial world is always fought with strong hands, so the cryptocurrency blockchain technology is not an exceptional. To me the economic war has really affected the crypto ecosystem.

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batang_bitcoin
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July 11, 2018, 05:58:53 AM
 #10

I also saw the impact that the economy is doing to crypto's so I'm still thinking that it isn't a separate market from the rest.

When I saw the stock market was dropping and many stock holders are posting their sentiments about the drop with their holdings, crypto market was down either and the rest are affected.

But if majority of these big investors will jump to crypto and stay on it for a while, we might see it won't get hurt by these economic drops.
qidai9
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July 11, 2018, 06:02:07 AM
 #11

If it is good, I hope it happens, but I personally feel that the economic warfare may have more drawbacks, they are all inseparable relationships. If you can win together, it is the best.
herrzinfakt
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July 11, 2018, 06:04:17 AM
 #12

I dont think it is any beneficial to crypto.
The only thing that will help the crypto market right now is new volume coming in. We need new positive things happening for crypto. For example, some countries accept bitcoin or some big banks, big stores accept bitcoin payments.
The price of bitcoin will then come up and benefit the whole crypto market.
lunaelucemauram
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July 11, 2018, 06:26:22 AM
 #13

It will just remember in any kind of war money is going to be involved and with that investors will come and intervene to get profits. If an economic war breaks out it will be beneficial to the one how will be the first to move not just in the crypto industry but other industries as well. But remember that if someone profits from a war their are many people who will suffer from it.
truemmu
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August 29, 2018, 10:28:59 AM
 #14

I think the economic war is harmful to encryption because the cryptocurrency market is part of the world economy. The economic war between countries is not good for anyone. The economic war will only have a negative impact on the world economy. The cryptocurrency will also Damaged by economic war
deppil90
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August 29, 2018, 04:41:50 PM
 #15

Economic warfare will not hurt crypto prices, because crypto has their own economy and community, as we know, the state of a country because of the consequences of economic warfare does not reduce the price of crypto, crypto is a bridge to improve the state of a country due to economic warfare
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