fullhdpixel
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November 09, 2018, 11:52:39 AM |
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There is big possibility that bitcoin will also crash. People invest in bitcoin because they have money from their "saving". When global economy crash the price of commodities will be very expensive or people income will be reduced and of course this will influence the investment rate of people.
with current global economic crisis, where mighty dollar is alone, it will make the exchange rate against dollar even higher, of course this will add to bugjet investors to buy dollars before they are invested in btc Yes I agree the price should go up during a crash but think of why the price goes up normally, because people buy bitcoin more than they sell bitcoin, during a crash people will sell their bitcoins to cover the expenses caused by the crash, so there won't be any increase by that method. I think the slow decline of dollar due to inflation is acceptable and understandable but during a crash it is really hard to get people to buy or at least hold. We need to take a look at the factors that causes bitcoin to increase and by all means all factors show that if there was a global economic crash the price would go down as well. If you can purchase stuff for cheaper in fiat that means the price of bitcoin will get lower as well. Don't get me wrong 1 bitcoin that is 6 thousand dollars right now may not buy as much as a 1 bitcoin at 3 thousand during a crash because everything will be cheaper and your 3 thousand will be more valuable.
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Lumi3004
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November 09, 2018, 02:38:42 PM |
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I think even if the global economy is destroyed it has no effect on the price of Bitcoin with it. However, digital currencies such as Bitcoin can be seen as continuing to grow as the biggest financial of the century. the article, there is no regulation that and oversees, and trade, raises uncertainties so that Bitcoin remains intact which is traded with one country's money and adjusted to the price of state legitimate money.
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musharaf
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November 09, 2018, 03:39:20 PM |
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After the past bad experiences i don't think that a global crises will come because now every country have set some policies through which they can not face the financial crash and now a days many of the strong and powerful countries have good reserves of currencies so that can rely on their strong economy and bitcoin can help out in that hard times but ultimately all currencies can be affected if a global crash happen in the future.
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Golftech
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November 09, 2018, 03:45:06 PM |
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After the past bad experiences i don't think that a global crises will come because now every country have set some policies through which they can not face the financial crash and now a days many of the strong and powerful countries have good reserves of currencies so that can rely on their strong economy and bitcoin can help out in that hard times but ultimately all currencies can be affected if a global crash happen in the future.
Government learned from previous situations and I agree that each countries already have their own reserves to make sure that they are ready just in case this crash will happen again, in terms of Bitcoin we are far from seeing the future that will happen to this digital currency if being accepted and adopted it can be use as a reserve form of assets that can be valuable.
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jonatuzc
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November 10, 2018, 07:23:40 AM |
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Bitcoin can be used as a tool to preserve savings during financial disasters. It is not connected with the real sector of the economy or with any central bank; it is neutral enough to serve as such a refuge.
This is what I believe that value saved in the form of Bitcoin might not be so prone to loss in the value during the coming financial crisis. If this was what I think it would be, it would be one of the great ways to save the values of the assets that are normally very prone to loss during the crisis. In the previous crises we suffered a huge financial loss and the world recovered from the aftermaths of the crisis in 2015 so hopefully this time, using this technology will save the lose.
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0t3p0t
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November 10, 2018, 07:35:23 AM |
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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? I don't think if Bitcoin will be affected by crisis or this what you called global economic crash because despite the fact that Bitcoin suffer from FUD, restrictions in some countries and other factors that let it down but still Bitcoin survived the struggle. World economy has nothing to do with Bitcoin but Bitcoin itself has sonething to do with the world economy to withstand such economic crisis.
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efxtrader
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GoMeat - Digitalizing Meat Stores - ICO
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November 10, 2018, 09:00:38 AM |
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If global economic crisis happen, i am believe most investor looking alternative investment. Gold and silver price must be rising because its safe haven investment and more resistant againts inflation. My prediction about bitcoin when economic crisis happen is the price will rising because more investor just want to speculate the price and some of them hold bitcoin as their new safe haven beside gold and silver
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creeps
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November 10, 2018, 09:44:03 AM |
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After the past bad experiences i don't think that a global crises will come because now every country have set some policies through which they can not face the financial crash and now a days many of the strong and powerful countries have good reserves of currencies so that can rely on their strong economy and bitcoin can help out in that hard times but ultimately all currencies can be affected if a global crash happen in the future.
Government learned from previous situations and I agree that each countries already have their own reserves to make sure that they are ready just in case this crash will happen again, in terms of Bitcoin we are far from seeing the future that will happen to this digital currency if being accepted and adopted it can be use as a reserve form of assets that can be valuable. Some countries are really preparing for the possible crash, and for sure they are learning a lot from the current crisis in greece and venezuela. We cannot know what will happen in the future, but one thing is for sure global crisis will still happen at no specific date and time. Bitcoin is not invulnerable, and it can be more affected when crisis happens. Let’s just think the positive side, and maybe more investors will come because they will see bitcoin as an opportunity to make money during crisis.
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TheUltraElite
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November 11, 2018, 09:33:55 AM |
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Government learned from previous situations and I agree that each countries already have their own reserves to make sure that they are ready just in case this crash will happen again, in terms of Bitcoin we are far from seeing the future that will happen to this digital currency if being accepted and adopted it can be use as a reserve form of assets that can be valuable. Thats where you are going wrong. Bitcoin is not going to be treated separately if there is an economic crash. It will be the same for bitcoin as it hits the stock and commodities markets. People will sell their shares and coins drastically making the prices fall and all the markets will crash. Unless it is some manipulated dump where one whale is moving their shares from stocks to bitcoin by cashing out there and cashing in here, we may see this type of movement, but again since stocks are highly regulated in almost all countries so it would be caught.
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Wayan_Pedjeng
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November 11, 2018, 09:35:35 AM |
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What happened to Bitcoin after the Cyprus savings bank account haircut in 2012? What happened to Bitcoin after the Indian demonetization exercise in 2016? These events didn't impacted the exchange rates or popularity of Bitcoin.
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sinkfish
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November 15, 2018, 06:26:36 AM |
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What happened to Bitcoin after the Cyprus savings bank account haircut in 2012? What happened to Bitcoin after the Indian demonetization exercise in 2016? These events didn't impacted the exchange rates or popularity of Bitcoin.
not much of impact. existing investor already build up the portfolio for bitcoin, it just matter of time when it will rise up, with or without them.
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spongegar
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December 10, 2018, 06:55:06 AM |
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I don't think Crypto currency will be affected by the economic crash. If there is an effect, that would be that people will pull out their investments on the stock market and place them on Crypto currency. But I don't think crypto currency will come out unscathed if ever the economy crashes. I don't know how but it will.
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nur rochid
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December 10, 2018, 07:15:32 AM |
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I don't think Crypto currency will be affected by the economic crash. If there is an effect, that would be that people will pull out their investments on the stock market and place them on Crypto currency. But I don't think crypto currency will come out unscathed if ever the economy crashes. I don't know how but it will.
unfortunately many investors only know about cryptocurrency, but few are aware of the prospect of crypto later and they remain loyal to investments that have been regulated by government.
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NeuroticFish
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December 10, 2018, 07:23:22 AM |
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I don't think Crypto currency will be affected by the economic crash. If there is an effect, that would be that people will pull out their investments on the stock market and place them on Crypto currency.
Actually I expect many bolder stocks investors have diversifying along time into crypto. When the crash will come, these may sell crypto to save their other investments, maybe their companies. So I expect crypto also have bad days during such a crash.
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YOSHIE
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December 10, 2018, 07:54:41 AM |
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There are many factors that can be said that the current drop in Bitcoin in this issue is a bad world economy that can also be a penyebapnya, and Bitcoin can also be influenced by other factors such as recent regulatory oversight around the world, tax collection factors taken by the government the birth of another cryptocurrency, and the decline in media interest in Bitcoin assets, hopefully this is true and can be overcome for the future Bitcoin is better in terms of price.
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TheUltraElite
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So anyway, I applied as a merit source :)
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December 10, 2018, 08:53:07 AM |
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I don't think Crypto currency will be affected by the economic crash. If there is an effect, that would be that people will pull out their investments on the stock market and place them on Crypto currency. But I don't think crypto currency will come out unscathed if ever the economy crashes. I don't know how but it will. Seems to me that you have not been looking through price charts or market movements at all during the last 2 months and this month. There has been a drop in the stock markets of all countries and the cryptocurrency market at the same time. This may be just speculation but its being called an economic recession for now on. It might bounce back sooner or later. Now the thing to note is that crypto is not immune to market movements of other sectors. It does get influence and moves in the same direction. But more comparison is useless unless we get further information as to why the drop.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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basyang
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December 10, 2018, 09:22:57 AM |
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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? Actually, it is possible to happen all of you stated above. But still there is no confirmation about it until we did not experienced it. Hopefully we did not go through that because there is a lot of changes will come. Many people will probably lose their interest to Bitcoin if it will continous to fall. And the remaining left are brave to face the fall and still hoping to the recovery of it.
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Theb
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December 10, 2018, 09:39:42 AM |
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I think the words "Global Economic Crash" answers for itself. If a massive scale crash happens no market is safe as well as the assets that comes with it. Remember that all persons at this time are liquidating, all their assets for cash as it's what they need the most. We cannot really say that a particular market at that point can be considered as a safe haven because at any moment any big investor or group of investors could start cashing out on the market. At this moment your capital is safest as a fiat currency because even before the prices of assets starts to recover you can possibly buy them at their cheapest price.
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Ezenwanyi
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December 10, 2018, 10:59:04 AM |
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I think in the event of a global economic crash, Bitcoin price would be affected negatively as most investors and traders would be cash trapped and so wouldn't have enough cash to put into Bitcoin trade. This means demand for Bitcoin would decrease while supply would be excess, leading to price tank.
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sodalime
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December 10, 2018, 11:04:53 AM |
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I think there isn't much point in trying to guess what will happen. It's going to be more dependent on behavioral economics rather than purely rational values. If bitcoin were an actual currency, it can fulfill the same purpose regardless of whether the price is high or low, and driving it up as an asset, makes it hard to be a currency. Given that there are also so many other alternatives, Bitcoins' main advantage is really first mover advantage, and it's hard to say how long that would last.
We've already seen in previous rise and falls, that bitcoin has been driven greatly by speculative demand.
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