Upcoming economic crisis - crypto safe haven like gold or not?

[Jarijah]

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?

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[Ctn]

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?

During the crisis, well it could be best place to put our money in because during that period crypto currencies might get hyped a lot. Just the way people buy gold and silver in the similar manner people might buy crypto this time and that too bitcoin specifically. This is new era and people believe in the moderation rather than old stuff now. So there is pretty high chance that crypto currency will be saviour of our world during the time of economic crisis.
I guess, those who are engaged in crypto toady will surely find crypto as best asset to buy in such time while rets of the world will follow the traditional ways.

[hugeblack]

What will be your position if you know that there is a crisis will happen? Will you gamble in a new currency or will you invest in a safe investment?
For companies, I expect they choose gold, but for individuals, few will take the risk.
The news is not entirely bad, but there will be more confident/trust in cryptos than the current banking system.
We will also enjoy some proper heights.

[Baofeng]

Some individuals can't afford to buy physical golds. So as casuals we are only left with one choice but to go to crypto. Only thing though is that crypto hasn't proved anything if its really a good hedge for a economic crisis so there's a big risk. But personally, I'm more willing to take that risk and see how it goes if ever a financial crisis strikes us again. At least we have something that can give us hope in case something worst happen.

[darkangel11]

I think it will be. While gold was very popular among the previous generation, they haven't been raised in the era of the Internet, like their children. What i'm trying to say is that every generation needs a store of value, chooses it. Gold has been on top for ages, but at some point people will look for other things that are also easy to carry and hide and can be easily valued on the go. Gold can't be. What if you can't find someone willing to check if this gold bar is actually made of gold and doesn't have a copper core? With BTC there's no such issue.

[LeGaulois]

You can't call a safe haven a market like the crypto-market that is highly volatile and unpredictable. Safe means safe, what is safe to put your money in cryptos knowing that the market can crash at any moment? In December last year the BTC price was at $20k now at $8k, is it what you call safe?

[medussa]

Crypto could be a safe haven should there be a global economic crises, the good new is that the cryppto market does not move same pattern as other markets, not correlated, so happening in other sectors may not affect cryptos too

[kolsernik]

The economic crisis is already foreshadowed by many countries.As it seems to me, after this crisis, the mass distribution and recognition of cryptocurrencies will begin.Always before something new is the turbulence of the old.I do not think that during the crisis, people will run to buy cryptocurrency.The purchase will take place after the crisis

[MinerHQ]

Crypto could be a safe haven should there be a global economic crises, the good new is that the cryppto market does not move same pattern as other markets, not correlated, so happening in other sectors may not affect cryptos too

I'm not sure whether crypto will be a safe haven or not but many people may consider investing their money in cryptos if other markets crash or go down. Crypto investment always a high reward and high-risk investment so we can't say it is a safe haven to invest.

More investors may prefer to invest in gold than bitcoin during the crisis because cryptos still need to prove that it is worth to invest money during the crisis.

[iamwagner]

You have to have Fiat + Gold + Crypto + Food.  If you leave out one of these you may find yourself in dire straights as the collapse happens.  Crypto is a very key part of my strategy of surviving the economic collapse.  

[ganlianshifu1]

The economic development of the United States is very healthy, the dollar is hard to collapse, and the trade war between China and the United States may lead to the collapse of China's economy!
The high volatility of cryptocurrencies also has the potential for bubbles, and only gold and silver have real storage value!

[Jarijah]

You can't call a safe haven a market like the crypto-market that is highly volatile and unpredictable. Safe means safe, what is safe to put your money in cryptos knowing that the market can crash at any moment? In December last year the BTC price was at $20k now at $8k, is it what you call safe?

Valid point taken. I guess what they mean to say is to store your assets in investment opportunities to survive or even thrive during the crisis. I believe that when shit hits the fan again, the dollar will go down again, will people flock to crypto. If the dollar goes down, does that mean the price of bitcoin will go up? if so, that seems a solid investment.

Gold is considered safe, but if the dollar is strong, it's better to stay out of it. The crash of BTC last december is just euphoria running out of steam and mass panic cash out.

[pinkflower]

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?

There will be no "economic crisis that will be so bad" that will make the world economy suffer hyperinflation. The Keynesians have already learned that to mitigate an economic crisis is to pump as much fiat in the system and the tax the consumers more later.

It has been working and it will work for the next 1000 years until the people are so taxed
and so poor.

[Jarijah]

The economic development of the United States is very healthy, the dollar is hard to collapse, and the trade war between China and the United States may lead to the collapse of China's economy!
The high volatility of cryptocurrencies also has the potential for bubbles, and only gold and silver have real storage value!

I don't know what your sources are, but America is not doing that well. There are some short term economic patch ups done, but China owns 1/3 of America's foreign debt. Which means China has the power to influence the dollar at will. Peter Schiff was one of the few who predicted the crisis in 2008 and says there will be another 1 in the next 3 years. I'll say that America is gonna look for another war to cover up the upcoming crisis, but that's just me speculating

[Don Pedro Dinero]

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?

It think it is likely it will be before that. Probably next year. The S&P 500 is clearly in a bubble and in Europe the ECB is going to start taking off stimulus soon.

But going to the point, yes I’d say bitcoin, not crypto in general, will be a safe haven when  crisis come. Bitcoin appeared during the last crisis as an alternative to the current economic system and it has much better qualities of gold: imagine to have to travel with $1 million of gold, it is virtually impossible.

If we have a major crisis bitcoin will be a refuge.

[DigitalCyberius]

It sure seems like it's coming. As to your question, that's really tough to say, isn't it? Given their decentralized nature, yet all the hacks and general instability. Another question may be, would the government try to impose a mandatory state cryptocurrency, or something else, which everyone must use? Scary times, some might even say Mark of the Beast type stuff.

As to cryptocurrencies: if Bitcoin, for example, were distributed widely enough, and was adopted enough as a payment option... and the web was still up and running, it might become a good alternative currency to use. If/when that day comes, it will probably not be the time for masses of people to HODL hoards of BTC, as you'd want more coins circulating in the economy.

Actually, one of the companies we've been doing some work for was offering blockchain-based tokens pegged to the gold spot price, tokenized assets may be something interesting to take a look at for this discussion.

Thanks for posting the question,
The Cyberius team.

[nealdlover]

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?

Indeed, the world economy is getting worse as the two powers like the US and China are always at war. But I do not think Crypto will be a good investment. Because when the economy goes down, investors will fear and withdraw from this market to invest in real estate or gold. Since then the value of the altcoins will decrease significantly and it is not safe.

[googs84]

I dont think people will ever think about the crypto currencies when the time comes to safe guard your money during the crisis. I mean come on people cant even bear a stress of price drops within the crypto sphere and when it will be the time of economic crisis in the real world then they will never stand a chance to be here. They will think that if economic going down in the real world then their crypto's might get affected with it adversely and thus may not be good for the portfolio. That is it mate, this thought will keep most of the people away from the crypto.

[Orville_Brown]

You can't call a safe haven a market like the crypto-market that is highly volatile and unpredictable. Safe means safe, what is safe to put your money in cryptos knowing that the market can crash at any moment? In December last year the BTC price was at $20k now at $8k, is it what you call safe?

Valid point taken. I guess what they mean to say is to store your assets in investment opportunities to survive or even thrive during the crisis. I believe that when shit hits the fan again, the dollar will go down again, will people flock to crypto. If the dollar goes down, does that mean the price of bitcoin will go up? if so, that seems a solid investment.

Gold is considered safe, but if the dollar is strong, it's better to stay out of it. The crash of BTC last december is just euphoria running out of steam and mass panic cash out.

That's a point that most people missed about BTC last December. It wasn't a crash, it was just the end of the first wave of massive euphoria that tripped it up. There's no saying that bitcoin is supposed to be worth this or worth that at this stage because it's still trying to find a ground for itself after such a huge movement.

The dollar has been way too high lately, people have been saying it's overvalued for the past year and a half. If I had any dollars right now they'd be in bitcoin or gold, because those are the ones that are quite low. But like mentioned above:

You have to have Fiat + Gold + Crypto + Food.  If you leave out one of these you may find yourself in dire straights as the collapse happens.  Crypto is a very key part of my strategy of surviving the economic collapse. 

Gotta have a bit of everything. So the dollar still has some value in terms of exchange. People will still be interested in it, even if there is a collapse. Or something more secure, like Francs

[davis196]

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`s a win-win situation for the crypto community and the world economy.Every econocial crysis  is way to clean the economy from the bubbles and the businesses,that aren`t effective and profitable.
The crysis might cause unemployment and inflation,but the economy will grow stronger after everything moves on.Cryptocurrencies will be a safe heaven for sure.