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Author Topic: What will happen to Bitcoin if there is a global economic crash?  (Read 1616 times)
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January 17, 2019, 08:13:46 AM
 #141

There are good points you have presented but these are not the things that may be considered to affect bitcoin value. There may be some other things that could push the usage of bitcoin to probably a halt or to be very much bearish. War, Famine and diseases all might contribute to a global economic crisis or global economic crash. But let us not be too negative about things, instead we need to plan to make each of our own economy stand still. If we cannot cooperate we will perhaps lose the brighter future for humanity. Using bitcoin might be a good avenue for making each one of us strong. Remember how anybody can be of help to anyone anywhere by using just bitcoin. This may be a very good idea of helping one another in times of crisis. Let bitcoin be the start of a united world if possible and whenever possible.
 

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January 17, 2019, 10:18:10 AM
 #142

There are good points you have presented but these are not the things that may be considered to affect bitcoin value. There may be some other things that could push the usage of bitcoin to probably a halt or to be very much bearish. War, Famine and diseases all might contribute to a global economic crisis or global economic crash. But let us not be too negative about things, instead we need to plan to make each of our own economy stand still. If we cannot cooperate we will perhaps lose the brighter future for humanity. Using bitcoin might be a good avenue for making each one of us strong. Remember how anybody can be of help to anyone anywhere by using just bitcoin. This may be a very good idea of helping one another in times of crisis. Let bitcoin be the start of a united world if possible and whenever possible.
 
Yes, I hope that the future of Bitcoin will run smoothly and there will be no obstacles in the future. because many people make bitcoin the main asset in marketing that is easy to get profits quickly.

 
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January 17, 2019, 11:14:09 AM
 #143

There is of course a theory that if this happens, people can flood the cryptocurrency market, due to the collapse of the ordinary. But again, this is purely my "non-expert" opinion.
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January 18, 2019, 10:25:13 PM
 #144

Investors will going to abandon bitcoin because bitcoin has no really use in terms except that some establishment are accepting bitcoin as a means of payment. The problem is that there were only few and it could be counted through our fingers in every city or province or even in a country.
That is a possibility but have you thought about the opposite scenario, it is not rare for the price of gold to go up under an economic crisis and that is because people are looking for a store of value, if the next crisis is a crisis related to the fiat currencies around the world then the most valuable asset for a person will be a currency that does not lose value against fiat and while gold can fit that definition many will put their eyes on bitcoin as well and decide it is a good option like gold.



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January 19, 2019, 05:35:27 AM
 #145

Bitcoin is said to be created because of the 2008 financial crisis that has affected the world economy. Bitcoin will be put into a test if another economic crisis happen in the future because it is said to be resistant to the troubles facing other markets. Bitcoin is peer-to-peer, deflationary and created by a person or people who had lost faith in traditional markets.
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January 19, 2019, 01:33:44 PM
 #146

Investors will going to abandon bitcoin because bitcoin has no really use in terms except that some establishment are accepting bitcoin as a means of payment. The problem is that there were only few and it could be counted through our fingers in every city or province or even in a country.

Man if you dont see a use case for Bitcoin and you spend months here, then I am not sure if anyone can help you.

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January 19, 2019, 01:46:07 PM
 #147

It is a bit hard to figure out what will really happen to Bitcoin price.

We could find an answer if someone could stitch these together.

  • Gold price when crisis happen
  • China's economy is already in a bear market for a long time, will they see a bull?
  • World economy just hit an all-time high
  • Crypto has not seen a 10yr cycle yet
  • Satoshi started Bitcoin to avoid melt-downs

What do you guys think will happen and why?
Bitcoin will crash too if global economic was crash thelife of bitcoin is connected on that, if it is crash it will crash too. as simple as that
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January 19, 2019, 07:40:35 PM
 #148

Since an economic crisis causes a slight fluctuation on traditional markets. People may see that traditional markets are also very volatile and consider to invest in crypto market.

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June 21, 2019, 04:05:31 PM
 #149

If the global economy collapsed because of inflation, it would be good news for Bitcoin. People will use Bitcoin and Altcoin as an alternative currency because they all have limited supply and cannot create more so inflation cannot happen. But the global economy will not collapse easily if that happens, maybe the economy will move vigorously to overcome bad things.

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June 21, 2019, 05:02:07 PM
 #150

In my opinion, if there is a global economic downturn, of course this will affect all matters relating to money.  and one of them is Bitcoin, how come if there is no economic breakdown, people will withdraw their money from Bitcoin investments for their daily needs.  And this will cause the price of Bitcoin to weaken.  And of course people will be less passionate for investment, until economic conditions return to normal.
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June 21, 2019, 05:38:02 PM
 #151

When the recession happens, people will definitely think of gold or Bitcoin immediately. because gold is always a valuable thing over time and it is always favored by humans.
BTC can sometimes enrich people because it is a deflationary mechanism and it will prevent a lot of influence from inflation and devaluation of the currency.

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June 28, 2019, 05:52:18 PM
 #152

Since an economic crisis causes a slight fluctuation on traditional markets. People may see that traditional markets are also very volatile and consider to invest in crypto market.

I am sure that if there is an economic shock in the world, surely crypto will still be shaken. because the cycle of crypto movement is also from the flow of economic movements in the world. then the economy in each country must be improved properly so as not to make crypto decline again.



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June 28, 2019, 06:43:29 PM
 #153

In the event of a global economic downturn, it is obvious that everyone will try to withdraw their funds from all exchanges and banks as soon as possible. What happens to the banks? They will collapse, close, and will not pay anything to anyone. With the exchanges will be the same. Most of the bitcoin will be sold, which will lead to a price collapse. It's my opinion.

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June 28, 2019, 07:53:20 PM
 #154

I think if the economic development of this Global world will be crash and then the possibility of Bitcoin to be legally accepted by all over the world this affects the value to be increased only and the demand is more and more increased for the Bitcoin so that it can actually get any value in the future.

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June 28, 2019, 11:38:59 PM
 #155

I think if the economic development of this Global world will be crash and then the possibility of Bitcoin to be legally accepted by all over the world this affects the value to be increased only and the demand is more and more increased for the Bitcoin so that it can actually get any value in the future.
Yes. Once there is economic global crash, the demand of bitcoin will increase more because people will eventually turn on to bitcoin as a payment system. Bitcoin will not be much affected with the economic crisis, this might be the only way that bitcoin will be more acknowledge by the people and will resort into using it at the end of the day.

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July 03, 2019, 04:19:29 AM
 #156

I think if the economic development of this Global world will be crash and then the possibility of Bitcoin to be legally accepted by all over the world this affects the value to be increased only and the demand is more and more increased for the Bitcoin so that it can actually get any value in the future.
How will the economic development crash overnight? Its not something that happens anytime commonly and most governments have analytics running extrapolations to prevent these from happening. Thats why different methods and schemes are made in order to make sure the demand supply balance in maintained and the inflation rate is kept in control.

Bitcoin is promising to this but we have already seen how far the government are trying to censor crypto and thus I dont think they would be happy to accept it. Unless of course big industrialists and companies force them to accept it, in which case they might.

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July 03, 2019, 01:03:38 PM
 #157

I think if the economic development of this Global world will be crash and then the possibility of Bitcoin to be legally accepted by all over the world this affects the value to be increased only and the demand is more and more increased for the Bitcoin so that it can actually get any value in the future.
And when there is Global Economic crash, I think everyone needs money. When everyone needs money guess what they do? Sell some things and when there is economic crash, it's hard to sell something so you need to decrease price to get money asap. So I think people will start to sell bitcoin which will lead to a decreased price. In best situation, people will stick with bitcoin and manually try to increase price which will be ideal and bitcoin will become not major but one of the most usable currency. But I highly doubt this last one will happen.

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July 04, 2019, 10:16:01 AM
 #158

It is a bit hard to figure out what will really happen to Bitcoin price.

We could find an answer if someone could stitch these together.

  • Gold price when crisis happen
  • China's economy is already in a bear market for a long time, will they see a bull?
  • World economy just hit an all-time high
  • Crypto has not seen a 10yr cycle yet
  • Satoshi started Bitcoin to avoid melt-downs

What do you guys think will happen and why?
Please how did you get to know that Satoshi started cryptocurrency to avoid meltdown? Did you see him write that? So how did you get to know of what you’re just saying now? The only explanation that I know he gave about cryptocurrency is that it is only meant for transactions (peer-to-peer transactions and there is no other explanation, he never talked about investment… if he did, then I don’t know, maybe cause I haven’t taken my time to research about it. Then to answer your main question, I don’t think Bitcoin can be affected by the economy, Bitcoin is completely independent and no matter what happens… it is still going to remain what it is and there is not going to be any changes.
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July 04, 2019, 06:57:38 PM
 #159

The transfer of power is already happening even though many are resisting. This new power is called China. This is the future and soon, Bitcoin will be a route of escape from this new reality. How will the Chinese cope when people realize they are being controlled?

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July 07, 2019, 02:56:59 PM
 #160

I think if there is a global economy crash then you know there is one thing that won't change and it is the price of Bitcoins ' people will actually be so happy that they have some stocks in Bitcoins because this way they could get profits from there, but this situation will only be initially , after a while people will start selling to gain some money in this global economic crash , now this inturn will decrease the price drastically.

But we should know that *initial investments would be very beneficial during a crash *



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