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Author Topic: What will happen to Bitcoin if there is a global economic crash?  (Read 1616 times)
bitcoinUF
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July 16, 2019, 09:28:07 PM
 #161

In global crisis people won't run into a high volatile speculative asset. Also people won't even know how to do it.

The issues to enter the market are the same than 2 or 3 years ago. Too complicated for the average Joe. Unless hedge funds, pension managers, etc etc start getting into so people can invest on crypto and feel safe, nothing is going to happen.

Also remember that when there's a global crisis, people need money, so probably a lot already invested will cash out.
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July 16, 2019, 11:49:24 PM
 #162

Economic collapse will happen with countries and the possibility to happen globally is very low

Bitcoin being decentralized won't get affected on such collapse, but when the investment gets
lacked the same reflects over the growth of bitcoin.

If something goes out of hands governments might think of bitcoin, but prior to that they'll plan
to print currencies of their own to overcome the crash. This is what happening for long.

Now it's been ten years and bitcoin have overcome several such situations similar to crash,
and the same makes it stay strong unlike any kind of economic crash.




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July 19, 2019, 05:04:06 PM
 #163

Bitcoin will be dump as people will ensure to keep real money in their pockets therefore they will sell most of their Bitcoin as Bitcoin together with the banks can be useless in some part of the world. Money will be proven most important in time of world crisis as it can be use instantly anywhere, anytime or what ever we need to survived.

I think the same, I've seen a lot of people saying BTC will be used in a moment of a global crash, but people need money in hard times to be secure about food, bills, family etc
No doubt people will sell BTC first instead of cars, house and another stuff

And it's the same, the history repeats, the ones with lots of money buy cheap stuff from desperate ones, like houses, companies and cars, because they can live more time without any income

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July 20, 2019, 01:32:11 PM
 #164

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?

USA and Chinese government are and will be most against Bitcoin. Simply because USA currently hold World reserve currency and China hopes to grab it from USA in upcoming years.  Bitcoin will steal that from them and other countries will not really care as much as China and USA will.  To be able to print world reserve currency as USA can do right now it means that you can simply print it to repay your debts. Other countries cant print USD in which they borrowed money.

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July 20, 2019, 05:02:26 PM
 #165

Depends on the scale, of how bad the crash is. IMHO.

-On a "low" crash some people might hold their bitcoins if they still have enough cash with them and some might even buy bitcoins if the price lowers from people dumping in panic or out of need for cash.

-On a "high" crash, it'll get dumped HARD. People would need money and there might be no new buys in for a long time.

-On a "very high" crash, things would be a bit more interesting. There's a possibility that bitcoin would actually become THE money used by the people. An example is Venezuela, where people started using dollars and bitcoins to transact because whatever cash that remained in their hands has become worthless.

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July 22, 2019, 07:51:22 PM
 #166

Bitcoin will be dump as people will ensure to keep real money in their pockets therefore they will sell most of their Bitcoin as Bitcoin together with the banks can be useless in some part of the world. Money will be proven most important in time of world crisis as it can be use instantly anywhere, anytime or what ever we need to survived.

Yes, many people may think that crypto can become even a higher risk during the crisis and start to cashout.

Besides, they can invest in gold and precious stones. I suspect everything that has real value for decades (diamonds, platinum) will be more popular. Bitcoin and the other cryptocurrencies might lose at least half of their price, but this is only my vision, not a prediction.
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July 22, 2019, 09:14:20 PM
 #167

I think, at that moment, Bitcoin will be more and more expensive than ever.
Cryptocurrency is among the list of currencies next to fiat, thus if the economy is down with recession and inflation, people will fall back to bitcoin, which will increase it's value.
I am sure there will be a lot of people who put money to buy Bitcoin and hold them until the economy is stable.
A lot of people will have to turn into investors, to put up their money to buy and hold for a long while, at least till the economy becomes buoyant.
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July 28, 2019, 06:05:48 AM
 #168

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.
Yes, Bitcoin appeared after the last general economic crisis, so there is no practice on this issue yet.
In my opinion, if the next global economic crisis begins, this means that a common currency will sharply depreciate, and many, in order to avoid the depreciation of their funds, will invest them not only in gold, real estate, but also in cryptocurrency. Because of this, it will have to grow in value.
If this is not a crisis, but a global catastrophe, then the fate of the cryptocurrency will depend on the size of such a catastrophe. With global cataclysms, people just will not be able to cryptocurrency.

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September 03, 2019, 05:55:18 PM
 #169

Everything will be fine with Bitcoin. Vaughn China shows that if economically pressed, then transfer money to a cryptocurrency. Bitcoin is decentralized and multifunctional.

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September 03, 2019, 06:42:05 PM
 #170

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?

maybe bitcoin will fall down again lower than the latest news this year. Maybe its hard to make over again but that's the time they buy and hold it because bitcoin is too low. Big investors will have the chance to save more bitcoin in times of cash.

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September 03, 2019, 09:37:23 PM
 #171

global economic  crash, will have a negative impact on the existence and price of BTC, lots of investors will be out of cash and individual with fiat will tend to manage the meager fund available, there will be high level of withdrawal from the exchange from investor.

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September 04, 2019, 06:14:35 AM
 #172

Although Cryptocurrency isn't related to foreign exchange and stock market, it's still an asset just like a gold. Thus, a difficult market situation economically could cause burden to crypto investors to spend their asset since not all of us has a lot of savings that could make us survived in the global economic crash run.

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