How will financial crisis affect crypto?

[artbart]

It looks like the downtrend on the financial system is inevitable. How do you think this will affect crypto? People used to refer to gold in the past, will they move to crypto this time instead?
I kinda think, that the upcoming crisis actually gives crypto a chance.

[Bitinity]

Many people also think the same as what you say, financial crisis wont affect bitcoin negatively but it will give bitcoin an opportunity. But there are also some people who thinks the opposite by saying that the next financial crisis will be a devastation of bitcoin. So it depends on what we believe, no matter what will happen to bitcoin but as long as we trust in bitcoin then just keep on holding and supporting it.

[alisafidel58]

AFAIK bitcoin was created due to the financial crisis back in 2008 and a lot of people view it as a source to get out of these greedy banks. If there will be another big financial crisis that is going to happen then most like that the people will jump to cryptocurrency again and different coins will gain significant value over time.

[ItalianBitcoin3r]

It looks like the downtrend on the financial system is inevitable. How do you think this will affect crypto? People used to refer to gold in the past, will they move to crypto this time instead?
I kinda think, that the upcoming crisis actually gives crypto a chance.

The financial crisis seems away, right now.
The market has started to recover since jan!
but bear days are always round the corner!

[TheCoinGrabber]

It's definitely an alternative to precious metals now. Bitcoin is still definitely volatile compared to gold but since the latter is stagnating, bitcoins suddenly look like an attractive store of wealth.

Of course it's still better to have multiple investments just to be sure.

[Naida_BR]

A financial crisis in an opportunity for cryptocurrencies.
I believe that we are going to face a crisis in the coming years. This is the time when people will start searching for other ways in order to store the value of their money and avoid inflationary trends.

Bitcoin is a place to go and store value. If people think it this way we may have some benefits from it.

[bitbunnny]

Next financial crysis will come, that can't be avoide it's part of the cycle. Maybe this time people will be more prepared and cryptocurrencies are one of the options that is available to them. But I don't expect that we will see mass usage of Bitcoin as a back up in crysis because on a global scale still isn't adopted and recgonized enough and many people are still reluctant to use it.
But still I think that the use of Bitcoin when crysis appears will increase and that will also influence the price in positive way.

[Airbuxf]

There wasn't such a situation yet. I think there are 2 possible ways:
1. Investors who are in stocks/financial markets will escape to cash which will not do any effect in crypto or maybe some little down
2. Investors in some part will escape from stocks market into crypto which will effect grow of market

[Beerwizzard]

In case of any significant crisis people will be trying to move their money into some safer assets: real estates, bank deposits, gov obligations and whatever will be a safer thing in a particular situation. Our problem is that cryptocurrencies were never considered as a safe asset so no one will probably decide to buy some BTC in order to save his money. It works this way only in shitholes like Venezuela.

[jseverson]

There wasn't such a situation yet. I think there are 2 possible ways:
1. Investors who are in stocks/financial markets will escape to cash which will not do any effect in crypto or maybe some little down
2. Investors in some part will escape from stocks market into crypto which will effect grow of market

3. Investors escape stock market and flock into more established safe havens like gold.

Crypto will probably see some growth, but I doubt many people would be feeling particularly adventurous in the event of a full blown crisis.

[YOSHIE]

The world financial crisis that is currently plaguing every country is burdened with external debt, which is so large, in this case it is very quick to have an effect on crypto because investors have invested more earlier in the crypto market, therefore it arises alarmingly for investorsthis crisis not only has an impact on the economy but also has a significant and deep impact on the world's crypto and social systems.
When the pressure on exchange rate volatility is in US dollars, this is a time bomb waiting to explode.

The worst factor for other financial problems is from the world financial sector with prolonged complications such as the Middle East, Europe etc.

it's been the worst before, so some investors think when buying bitcoin investing in the cryptocurrency market has something to do with the crypto market and other markets such as stocks (world oil), thus, investors are very worried about what is happening to thisthe crypto market, if destroyed, must be predicted by the crypto market when it develops and collapses. surely there will be many investors looking for other alternatives, to be able to bring benefits to them.

The point is that it has a huge impact on crypto financial crises, after everything gets better cryptocureency will be perfect again.

[mrdeposit]

It looks like the downtrend on the financial system is inevitable. How do you think this will affect crypto? People used to refer to gold in the past, will they move to crypto this time instead?
I kinda think, that the upcoming crisis actually gives crypto a chance.

It is not the right time for cryptocurrency to step in. The idea of a few people here is no more advanced than the big states.
This crisis will not pass ineffective. At least think about how big holidays effected cryptos' prices.

[dothebeats]

I don't think a lot of people would be confident in converting their assets into cryptocurrencies even though it might serve as a good hedge against the financial crisis and devaluation of a lot of assets. Liquidity is also what cryptocurrencies boast that does not seem to be fulfilled by precious metals, so there's that. Perhaps a few percentage of people will convert, others will stick to gold and silver due to their proven reputation over time. I guess we'll never know until the crisis is really there, striking and letting things burn down. One thing's for sure though, the overpriced and overvalued stock and derivatives market would come to a severe crash to even things out, and that is where I won't place my money on until after the said event.

[Zadicar]

It looks like the downtrend on the financial system is inevitable. How do you think this will affect crypto? People used to refer to gold in the past, will they move to crypto this time instead?
I kinda think, that the upcoming crisis actually gives crypto a chance.

Not at all since theres no significant proofs or possibilities that those who opt out on traditional markets would switch up to crypto which means it has nothing to do if
that financial crisis do happen. Crypto market is different but somehow theres always a possibility.Who knows?

[kryptqnick]

It looks like the downtrend on the financial system is inevitable. How do you think this will affect crypto? People used to refer to gold in the past, will they move to crypto this time instead?
I kinda think, that the upcoming crisis actually gives crypto a chance.

This depends on what causes the crisis. I believe the next crisis will come in the next year or two, and it will result in collapse of fiat as we know it. If dollar dies,the world economy will be hurt as hell, and it will be hard to think that new fiat can solve the problem. Euro can collapse as well because of countries like Italy. When fiat is done, the most natural solution seems to turn to cryptocurrencies, since they are naturally limited and decentralized. Yes, volatility is a huge downside, but at least hyperinflation is barely possible, and there are no authorities that can really mess things up and cause another crisis.

[Beerwizzard]

Crypto will probably see some growth, but I doubt many people would be feeling particularly adventurous in the event of a full blown crisis.

Can anyone provide at least a single evidence that Bitcoin for some reasin should grow during a crisis? It won't happen just because we want it to grow.
Cryptocurrencies were always considered as a risky asset. Then why da fuck they should become supre safe during any global crisis?

[stompix]

If there will be another big financial crisis that is going to happen then most like that the people will jump to cryptocurrency again and different coins will gain significant value over time.

People won't jump to crypto because of some aspect of the financial crisis a lot seem to ignore!!

When a crisis starts, consumption declines, jobs are lost, people lose their source of income. What are you going to do when you see your job is in danger or you're already unemployed? Are you going to take all your money and wire them to Kraken?
Let's be serious here!!! Are you going to sell your house or not pay your mortgage and go full crypto?

One thing's for sure though, the overpriced and overvalued stock and derivatives market would come to a severe crash to even things out, and that is where I won't place my money on until after the said event.

As I was saying, when all the economy is crashing down, banks are going bankrupt, deposits are locked, shares are worthless, people are unemployed....who is left to invest in cryptos?

 

[vv181]

When the system is failing, and the mainstream is looking for new alternatives or opportunity. It's surely gold and silver is would be their main priority because it already experiences those old dark days too. But with such recent condition when the decentralized digital currency is happening, and being considered for the people because of its openness, decentralization in general. I'm sure its people will have a thought to use cryptocurrency to solve the problem. In exchanges, the market will get a new flow.

[blockman]

It's possible that they will move to crypto. The possible upcoming crisis will make these investors look for a way to save all of their wealth to avoid further losses. If it's not with gold or precious metals, they'd probably go with precious cryptocurrencies (bitcoin, eth).

Those left investments that they got would be transferred somewhere, if ever there's something left for them.

[TimeBits]

It looks like the downtrend on the financial system is inevitable. How do you think this will affect crypto? People used to refer to gold in the past, will they move to crypto this time instead?
I kinda think, that the upcoming crisis actually gives crypto a chance.

The whole thing could collapse and it would have no impact on btc, 1 btc = 1 btc