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Author Topic: Can Bitcoin Save Investors?  (Read 333 times)
finaleshot2016
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August 11, 2019, 04:43:12 PM
 #21

Can't really say about that. There are numerous possibilities. Bitcoin may or may not become the global coin in the next financial crisis.
Also, what if the big investors buy bitcoin and the price goes up but then whales sell their coins and dump bitcoin's price.
What if the whales are actually waiting for such a scenario to occur. That would seriously hurt investors' sentiments and beliefs over bitcoin.

Even now, bitcoin wasn't the global coin because some of the government restrict the use of cryptocurrency in their country but still it manages to be on the top and you can make a profit with an average amount of knowledge in trading.

Just let's be positive, in reality, it really helps the investors. So for now, let's don't think about the negative possibilities in the future. We don't know the actual scene of bitcoin that become worthless.
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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August 11, 2019, 06:16:25 PM
 #22

Recession indicators in the U.S. bond market just flashed their deepest warning signals since the period that led up to the 2008 financial crisis. Can bitcoin work as a safe haven and protect investors in the event of a U.S. recession?

https://bitcoinist.com/inverted-yield-curve-signals-u-s-recession-can-bitcoin-save-investors/

Well it could help, but that is if the government too has accepted it and regulated it before the recession, which mean they will accept that Bitcoin can be spend as a currency and would not depend on dollar for merchants, financial institutions and other concerned agencies to use it. The recession we are talking about will mostly affect their fiat currency, and a weakened coin cannot be boosted by bitcoin.

I think United State government needs to really start looking into the adoption of bitcoin right now as I feel that their recession is fast approaching, and if care is not taken and put measures in place, this recession could really be a very bad one for them because it could take a whole lots of time for them to come out of it if they leave it uncontrolled.
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August 11, 2019, 07:09:26 PM
 #23

No one really knows because bitcoin has never been through a global recession as of yet.

Indeed, no one will know how the state of bitcoin when experiencing a global recession, but my opinion says bitcoin is able to survive in the crisis. Why? because at that time there will be many fundamentals even FOMO who say that bitcoin is a savior of the crisis so investors are flocking to buy bitcoin and bitcoin is back up during the crisis. But the problem is how long bitcoin will last with the crisis pump, surely there will be mass dumping afterwards.

Can't really say about that. There are numerous possibilities. Bitcoin may or may not become the global coin in the next financial crisis.
Also, what if the big investors buy bitcoin and the price goes up but then whales sell their coins and dump bitcoin's price.
What if the whales are actually waiting for such a scenario to occur. That would seriously hurt investors' sentiments and beliefs over bitcoin.

Certainly such a scenario will exist, the whales have been holding bitcoin for a long time and are waiting for a crisis, then taking advantage of the pumps made by investors. But that won't affect the price of bitcoin if the strength of investors during the crisis is higher than this group of whales. And I don't think that all the popes will try this scenario, surely among them some will go with the flow.

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August 11, 2019, 10:08:04 PM
 #24

It's hard to say, because BTC will face the first real crisis in the world, I don't know how people will react, maybe they will trust in BTC to avoid the crisis, maybe they will put their money in traditional investments...

I don't know what to do if the crisis hit us, we have to be cautious and stay alert to the news to not lose money

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