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Author Topic: Upcoming economic crisis - crypto safe haven like gold or not?  (Read 989 times)
0t3p0t
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August 16, 2018, 06:13:28 PM
#61


There are enough signs that an economic crisis is going to happen soon in the next 3 - 5 years.

Whether China's bubble will burst or the dollar will implode.
Do you guys think crypto will be as good an investment as gold in time of crisis?
Gold is one of the best choices in putting up an investment in preparation in terms of crisis but if for me crypto may not be as safe as gold but the potential good income or return would be great . But I think it also depends on our choices whether we are more comfortable with centralized assets or in decentralized assets. For me there is a big posibility that crypto can change people's fortune unlike those stable assets like fiat and precious metals.

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August 16, 2018, 06:35:02 PM
#62

You are right but the crash is not going to happen today or tomorrow, those kind of events take a lot of time to unfold so the developers have time to prepare for that
Fair enough. I'm reading into LN more regularly nowadays with how the developments and even adoption starts to pick up pace. Can't wait for the first proper client to pop up to allow even noobs to use it without problems.

Currently there are a few clients available in the app store, but they are everything but easy to use, and completing payments is a nightmare since the node they run has barely any proper routing channels to use.

My guess is that we have at least a few more years of LN development to go through before we can comfortably use it.

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August 16, 2018, 07:07:16 PM
#63

Yes.Bitcoin is an asset,so you can inverse your money in bitcoin.Your investment will be safe,irrespective of dollar value.If you had brought bitcoin for 1000$,your bitcoin had same value.At economic crisis, the value of dollar will reduce.It's possible to get additional dollar,for the same bitcoin at economic crisis.In economic crisis, you will be on safer hand.

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August 16, 2018, 07:18:37 PM
#64

people talk about the crisis all the time. I believe that it is not necessary to dwell on it, otherwise it is no good will not result. more will be spent nerves and health. I suggest just to learn something new, because knowledge is never devalued if they are updated and supplemented

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September 24, 2018, 05:40:34 PM
#65

There are enough signs that an economic crisis is going to happen soon in the next 3 - 5 years.
Whether China's bubble will burst or the dollar will implode.
Do you guys think crypto will be as good an investment as gold in time of crisis?

I'm not sure that the crisis is going to go away but in any case I think that it's necessary to distribute your money between different investment assets.

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September 24, 2018, 09:13:04 PM
#66

Crisis tends to hit every facet of life, Crypto isn't gold so it might be affected by he economic crisis,  that doesn't mean it will die.  It's here for good, it will survive it.

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September 25, 2018, 12:25:59 AM
#67


There are enough signs that an economic crisis is going to happen soon in the next 3 - 5 years.

Whether China's bubble will burst or the dollar will implode.
Do you guys think crypto will be as good an investment as gold in time of crisis?

I think it could happen, crypto become new safe haven beside gold or silver. If government regulation issued, i am believe financial institution will diversified their investment portofolio to cryptocurrency and crypto can be safe haven

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September 25, 2018, 02:16:38 AM
#68


There are enough signs that an economic crisis is going to happen soon in the next 3 - 5 years.

Whether China's bubble will burst or the dollar will implode.
Do you guys think crypto will be as good an investment as gold in time of crisis?


since crypto is digital, i think it is the most practical investment if a crisis occur that, if the effect of that crisis is global, crypto will be considered as a good way to invest, depending on what crisis we are talking about, financial crisis is eminent if we are to look into out present data, inflation rates are almost everywhere in the world's economy, even gold seems not practical to invest with. 

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September 25, 2018, 08:13:25 AM
#69


There are enough signs that an economic crisis is going to happen soon in the next 3 - 5 years.

Whether China's bubble will burst or the dollar will implode.
Do you guys think crypto will be as good an investment as gold in time of crisis?

Major and most reputable cryptocurrencies could indeed serve as safe heaven when crisis comes. However, volatility is what should concern us - nobody wants to put their liquidity in an asset that could change its value for +/- 25% per day.

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September 25, 2018, 08:32:13 AM
#70

I have many doubts too.
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September 25, 2018, 08:55:36 AM
#71


There are enough signs that an economic crisis is going to happen soon in the next 3 - 5 years.

Whether China's bubble will burst or the dollar will implode.
Do you guys think crypto will be as good an investment as gold in time of crisis?

So wheres the signs that an economic crisis is going to happen?And seems like your pointing to a world crisis?You should put some links or proof about this because you are creating a panic and misleading to the community,economy in our region is getting better now and i believe in that three years span we will grow again and bring our country to goodness

But if that would happen?For sure better buy bitcoin now as this will be a safer place to invest,this is technology and not physical needs

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September 25, 2018, 11:40:09 AM
#72

maybe the crisis will happen because until now the trade wars of China and America have not yet met a point of peace, I am not sure that Cripto is the best choice compared to gold, looking at the market now in the fact that I see the crypto market does not show significant movement but in the gold sector according to the news that I read, physical or digital gold sales have increased while the exchange rate has dropped.
You know China has a lot of gold reserves which are believed to be a weapon to suppress the American economy, we just wait for who is the strongest but really this trade war has a negative effect on the world economy and the shadow of the monetary crisis haunts us today, even though I am pessimistic but I hope cripto is the way out for me to avoid the impact of the crisis

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September 25, 2018, 11:55:46 AM
#73


There are enough signs that an economic crisis is going to happen soon in the next 3 - 5 years.

Whether China's bubble will burst or the dollar will implode.
Do you guys think crypto will be as good an investment as gold in time of crisis?

Major and most reputable cryptocurrencies could indeed serve as safe heaven when crisis comes. However, volatility is what should concern us - nobody wants to put their liquidity in an asset that could change its value for +/- 25% per day.
i think that with the economic crisis, it will impact on cryptocurrency, because investors certainly do not just invest in crypto. besides that, of course government will be unstable with onset of the crisis

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