Economic situation around the world and Bitcoin

[Polo7]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

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[Pab]

People in Venezuela and Ghana have no money to buy bitcoin.Do you think that average person in these and similar countries is able to buy even 0.100 btc a month
Economic situation all over the world depends now on talks about tariffs between USA and China.If talks will fail we will see mega crisis.Now ask yourself if your economic and financial situation uncertain will you put your money what you need to survive in most risky asset.Bitcoin is most risky and most profitable asset in the world

[avikz]

It's unlikely that people will move to bitcoin during the economic crisis! Gold and other precious metals like Silver or platinum is becoming their obvious choice. If you see the price chart of gold for last 6 months, the trend will be visible to you! You can refer the link below,

https://goldprice.org/gold-price-chart.html

Now let me prove my statement when I say that bitcoin will not be the obvious choice during the economic slowdown. The reason is very simple! During an economic slowdown, a person would want to look for another investment asset to safeguard their capital. That person probably wouldn't look for profits but to ensure that his capital is not depreciating. This kind of people would want some investment asset which is less volatile and have a proved track record. Simply put, Bitcoin doesn't fit that criteria!

 

[lionheart78]

I do not think that the push will be universal.  I believe those who are knowledgeable about Bitcoin will be the one who will transfer their fiat currencies into Bitcoin.  Institution won't do that because they are more conservative and always want the less dangerous road to take.  Since Bitcoin is a very risky but high reward commodity, these institution will not gamble in  it.  So I can say not all people will be pushed to Bitcoin because of this economic situation.

[Polo7]

It's unlikely that people will move to bitcoin during the economic crisis! Gold and other precious metals like Silver or platinum is becoming their obvious choice. If you see the price chart of gold for last 6 months, the trend will be visible to you! You can refer the link below,

https://goldprice.org/gold-price-chart.html

Now let me prove my statement when I say that bitcoin will not be the obvious choice during the economic slowdown. The reason is very simple! During an economic slowdown, a person would want to look for another investment asset to safeguard their capital. That person probably wouldn't look for profits but to ensure that his capital is not depreciating. This kind of people would want some investment asset which is less volatile and have a proved track record. Simply put, Bitcoin doesn't fit that criteria!

 

Cash is best asset when Economy is Down!

But fed USA and ECB Europe just printed more money, the Frankfurt and even paris Property prices are going up as the real Boom is about to start all over Europe.

Countries like Ghana... Yes its different story

[Polo7]

Btc volatile is very Bad for Merchants think about Today sell something its 9000 but tommorow could be 7000,

[Polo7]

But dont forget that Bitcoin is asset and all assets prices going up when money is cheap again!!

And there is no other reason, just buy Bitcoin when Economy is down and sell btc when Economy is up again.




There is no other logic That's Only one how it all Works!

[Mometaskers]

The people in Venezuela are using dollars instead. Still more stable than their own currency. We read articles that people there use bitcoin but I doubt they'd keep doing so as the electricity infrastructure further decay.

People in Venezuela and Ghana have no money to buy bitcoin.Do you think that average person in these and similar countries is able to buy even 0.100 btc a month
Economic situation all over the world depends now on talks about tariffs between USA and China.If talks will fail we will see mega crisis.Now ask yourself if your economic and financial situation uncertain will you put your money what you need to survive in most risky asset.Bitcoin is most risky and most profitable asset in the world

0.050BTC is already a big deal but they can buy even smaller denominations. I think it's more that they haven't heard about it or they don't want additional risk. Though if things look like it'll go SHTF, might as well take that risk.

[clickerz]

I do not think that the push will be universal.  I believe those who are knowledgeable about Bitcoin will be the one who will transfer their fiat currencies into Bitcoin.  Institution won't do that because they are more conservative and always want the less dangerous road to take.  Since Bitcoin is a very risky but high reward commodity, these institution will not gamble in  it.  So I can say not all people will be pushed to Bitcoin because of this economic situation.

You may have a point here, but its the young generations that can push these bitcoin. Millennials, are knowledgeable enough especially this digital assets (not decentralized). Happenings in Hong Kong, those rallies push the bitcoin or crypto trading. They are looking for other option and cryptocurrencies are the favorable choice now. Look also to Venezuela, Africa etc., bitcoin is a viable  option.

Though the issue of volatility is there, some  has no choice.

[lab rat hoax]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

I certainly think this will have a positive effect on bitcoin, because the antidote to the economic crisis is bitcoin. As you said, the use of bitcoin is becoming widespread in countries experiencing economic crisis because people want to protect their money against rising inflation and seek safe harbords for their money. If this economic uncertainty is spread all over the world thanks to China-US relations, it's great to even imagine its effects on bitcoin!

[cryptoknightt]

depending on how countries deal with their economic conditions, it should be that if world economic conditions are weakening then no one will trade in cryptocurrency because they have to save their money well whereas if used for trading the risk will be very high.

[Inkdatar]

depending on how countries deal with their economic conditions, it should be that if world economic conditions are weakening then no one will trade in cryptocurrency because they have to save their money well whereas if used for trading the risk will be very high.

It may have an impact on bitcoin, then still depending on how they manage the economic situation in their countries. Some people may adopt bitcoin once they can afford to purchase any amount of btc and some can not do it because of the economic crisis facing. I can say that those who are educated in crypto can manage to do trading even there is volatility existing.

[dothebeats]

People would be free to come in to the cryptocurrency scene should they feel like it, although I still believe that most of them would cling on to their dear properties and stocks because they still believe that it's the best way going forward short-term. Gold is still a best bet for today even though some people feel like it will go down south, but I doubt it. For the last 10 years, gold has been doing a good for the last 40 years and I still believe it has the capacity to withstand all these economic fiasco that is happening worldwide. Some people are already liking the idea of hedging and profiting from bitcoin, and are already doing the transitions but for a large-scale movement? I don't think we're on that level yet.

[Periodik]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

Which economic situation? You're not specific here. It is not only Venezuela and Ghana that are adopting Bitcoin. There are many other countries that are already open for Bitcoin. This is just the beginning though. There are still countries that are not yet raising their green flag. Sooner or later they will join the Bitcoin community of nations.

The gold market does not and cannot burst the bubble because there is no bubble in the first place. And there is no necessary competition between the two. Bitcoin could be treated as a gold alternative just as it is also treated as a fiat alternative.

[timerland]

People in Venezuela and Ghana have no money to buy bitcoin.Do you think that average person in these and similar countries is able to buy even 0.100 btc a month
Economic situation all over the world depends now on talks about tariffs between USA and China.If talks will fail we will see mega crisis.Now ask yourself if your economic and financial situation uncertain will you put your money what you need to survive in most risky asset.Bitcoin is most risky and most profitable asset in the world

They might not have much in the way of savings in the current market, but they are using BTC as a way to survive now, and it's almost as popular as their main currency due to the issues with that.

You aren't very specific here, but I'm assuming your talking about Venezuela and Ghana's economies right, op?

There is no bitcoin bubble, it's all just a term random people throw around, and comparing BTC (a very volitatle cryptocurrency) to gold (a stable investment) is not a fair comparison.

[Murat]

Name a period of time, when the economic system was in good shape? It's just like water for me, I think this general disorder of the Economic system is mainly responsible for some countries negative attitude towards some countries, like China and the USA, Iran and the USA and so one. So this economic situation is just intentional and this is nothing but an economic war and it's called modern war, But this crisis never push the people to get in touch with Bitcoin, We all know that Bitcoin is a more risky and shaky platform so it will not bring any positive change regarding this issue. On the other hand, people from Venezuela and Ghana are not playing any massive role in this blockchain system because they are still within the country's crisis, so it doesn't make any positive sense for me.

[CryptoBry]

Do you think this Economic situation will push More People into Bitcoin? We know that countries like Venezuela, Ghana all Ready are Bitcoin adopters. China USA  trading?  Do you think that has impact too? Coz i think the gold market is about pop the bubble soon

Generally speaking, whenever and wherever there can be chaos, turmoil or just any economic and political uncertainties, there is a chance that Bitcoin can be playing like a wealth protector to those who are willing to convert some of their money into cryptocurrency. We have witnessed this in Venezuela, in Zimbabwe and with what you mentioned here, in Ghana. The reason is, of course, the problem of hyperactive or running inflation rate which the government find it hard to control and given solutions with. We know that in times of great inflation, Bitcoin can be a good rescuer though at the same time its volatility can also be an issue on the other hand. The impact is of course there but if the situation could not convert into higher-than-usual demand then it will just be a minuscule factor for the price movement of Bitcoin. I am not well-versed on the gold market but I think I have to search for its "pop the bubble soon" claim of yours.

[teosanru]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

Even if Gold market pop the bubble it's never going to bring any benefit to bitcoin. People think that Gold is a much more safer alternative even if experiences a major downfall it's because most of the masses doesn't even holds golds for trading or speculative purposes. They do it for investment and personal finances to maintain there asset base over a long term. So gold is more of a long term investment. Therefore people would still hold with their gold because they know gold does always rises one day no matter how hard it falls.

Name a period of time, when the economic system was in good shape? It's just like water for me, I think this general disorder of the Economic system is mainly responsible for some countries negative attitude towards some countries, like China and the USA, Iran and the USA and so one. So this economic situation is just intentional and this is nothing but an economic war and it's called modern war, But this crisis never push the people to get in touch with Bitcoin, We all know that Bitcoin is a more risky and shaky platform so it will not bring any positive change regarding this issue. On the other hand, people from Venezuela and Ghana are not playing any massive role in this blockchain system because they are still within the country's crisis, so it doesn't make any positive sense for me.

Exactly the world Economic order has always been manipulated and disrupted. It's been here for 1000 years. Earlier we used to face political disturbances at large scale in form of wars which lead to economic disturbances these days it's much more about the international transactions & Trade wars. Economy has never been in a good shape

[alyssa85]

Economic situation all over the world depends now on talks about tariffs between USA and China.If talks will fail we will see mega crisis.Now ask yourself if your economic and financial situation uncertain will you put your money what you need to survive in most risky asset.Bitcoin is most risky and most profitable asset in the world

Talks between the USA and China are definitely going to fail. The Chinese leadership is gambling that Trump won't get re-elected and that there will be another "softer" president in place by Jan 2021.

So the stand-off will continue and whether the US goes into recession depends on how resilient their economy is and whether they can shrug off slowdowns in the rest of the world.

[Kakmakr]

There are definitely a direct correlation between what happens in global markets and what is happening with the Bitcoin price. We see a lot of third world citizens buying more bitcoins to protect the value of their wealth, when their economy are struggling. Bitcoin as a store of value has proven that it is just as good as Gold and in some instances even better than Gold as a store of value. <It is easier to buy bitcoins and it is less regulated.>  

Hyperinflation in Fiat currencies are Bitcoin's best friend, because it serve as a alternative protection when these currencies fail to protect people's wealth.  

[stompix]

You may have a point here, but its the young generations that can push these bitcoin. Millennials, are knowledgeable enough especially this digital assets (not decentralized). Happenings in Hong Kong, those rallies push the bitcoin or crypto trading. They are looking for other option and cryptocurrencies are the favorable choice now. Look also to Venezuela, Africa etc., bitcoin is a viable  option.

The young generation can do nothing if they are pennyless. Pab said it perfectly:

People in Venezuela and Ghana have no money to buy bitcoin.

People looking at massive adoption in Africa should really do some math first, it's not how many you are but how much $ you have in your pocket.
Just for a moment let's look at some numbers.
Europeans (400millions) spend on tourism more than the entire GDP of Nigeria (200 million).
Can you people even imagine the difference between the purchasing power?

Which economic situation? You're not specific here. It is not only Venezuela and Ghana that are adopting Bitcoin.

You probably have no idea what a country adopting bitcoin means.
There is no country that has adopted bitcoin in the world, just because it has made bitcoin payments legal it doesn't mean adoption.
Has Spain adopted eBay? Has Portugal adopted KFC? Has Canada adopted PayPal?

Also...Ghana...the new financial capital of the world...s/

They might not have much in the way of savings in the current market, but they are using BTC as a way to survive now, and it's almost as popular as their main currency due to the issues with that.

It will be as popular as their own currency the moment I see 30 million transactions in the chain a day originating from Venezuela.
Oh...wait!!!
Let's stop with all those bs about a country surviving because of bitcoin!
Seriously, this stupid propaganda has reached madness levels.

Why can't you people see bitcoin as a normal currency that is used by people who afford to buy things it in places where there are shops and businesses to do so? But no, you have to find the most usage in some forgotten 5th world country where there is only a hyena selling two gazelle horns for 100 satoshis.
Just as bad, whenever a country falls, thousand lose their job, kids go hungry....this is good for bitcoin. Soon moon!!!! Some of you are worse than those corrupt governments with your ideas.

[Polo7]

Economic situation all over the world depends now on talks about tariffs between USA and China.If talks will fail we will see mega crisis.Now ask yourself if your economic and financial situation uncertain will you put your money what you need to survive in most risky asset.Bitcoin is most risky and most profitable asset in the world

Talks between the USA and China are definitely going to fail. The Chinese leadership is gambling that Trump won't get re-elected and that there will be another "softer" president in place by Jan 2021.

So the stand-off will continue and whether the US goes into recession depends on how resilient their economy is and whether they can shrug off slowdowns in the rest of the world.

Recession???
Fed just started money printing!!
What recession u talk about here?
Recession it was all Ready.
Same for Europe.

[Polo7]

You may have a point here, but its the young generations that can push these bitcoin. Millennials, are knowledgeable enough especially this digital assets (not decentralized). Happenings in Hong Kong, those rallies push the bitcoin or crypto trading. They are looking for other option and cryptocurrencies are the favorable choice now. Look also to Venezuela, Africa etc., bitcoin is a viable  option.

The young generation can do nothing if they are pennyless. Pab said it perfectly:

People in Venezuela and Ghana have no money to buy bitcoin.

People looking at massive adoption in Africa should really do some math first, it's not how many you are but how much $ you have in your pocket.
Just for a moment let's look at some numbers.
Europeans (400millions) spend on tourism more than the entire GDP of Nigeria (200 million).
Can you people even imagine the difference between the purchasing power?

Which economic situation? You're not specific here. It is not only Venezuela and Ghana that are adopting Bitcoin.

You probably have no idea what a country adopting bitcoin means.
There is no country that has adopted bitcoin in the world, just because it has made bitcoin payments legal it doesn't mean adoption.
Has Spain adopted eBay? Has Portugal adopted KFC? Has Canada adopted PayPal?

Also...Ghana...the new financial capital of the world...s/

They might not have much in the way of savings in the current market, but they are using BTC as a way to survive now, and it's almost as popular as their main currency due to the issues with that.

It will be as popular as their own currency the moment I see 30 million transactions in the chain a day originating from Venezuela.
Oh...wait!!!
Let's stop with all those bs about a country surviving because of bitcoin!
Seriously, this stupid propaganda has reached madness levels.

Why can't you people see bitcoin as a normal currency that is used by people who afford to buy things it in places where there are shops and businesses to do so? But no, you have to find the most usage in some forgotten 5th world country where there is only a hyena selling two gazelle horns for 100 satoshis.
Just as bad, whenever a country falls, thousand lose their job, kids go hungry....this is good for bitcoin. Soon moon!!!! Some of you are worse than those corrupt governments with your ideas.

All right we have Solution here!
We need to move Europe, Asia and USA Capital into Bitcoin.

I Hope to see more capital in crypto!

[SummerBliss]

There are definitely a direct correlation between what happens in global markets and what is happening with the Bitcoin price. We see a lot of third world citizens buying more bitcoins to protect the value of their wealth, when their economy are struggling. Bitcoin as a store of value has proven that it is just as good as Gold and in some instances even better than Gold as a store of value. <It is easier to buy bitcoins and it is less regulated.>  

Hyperinflation in Fiat currencies are Bitcoin's best friend, because it serve as a alternative protection when these currencies fail to protect people's wealth.  

There may be some instances of it but we can't say bitcoin has prominent share in investment market in third-world countries. People still rely on traditional means like gold or invest in stock markets. Although Bitcoin is quite popular in these countries but hardly 2-3% population really invest in Bitcoin.  It may be a good investment at individual level and several lives do change with Bitcoin investment but it is too soon to link Economy as whole with Bitcoin.

[Ailmand]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

Venezuela adopted bitcoin with a hope to cope up.with hyper inflation. Let us be clear that crypto will not fully help a country to fix economic problem. True that it can be a good way to open new opportunities and help ease a new money system, however it cannot fix the whole economy if it is already suffering.

[NavI_027]

People in Venezuela and Ghana have no money to buy bitcoin.Do you think that average person in these and similar countries is able to buy even 0.100 btc a month

Wait, you don't need to judge them. For me you sounds like you are belittling them. Anyway, always keep in mind that greater investment doesn't necessarily means greater profits. Best example? The early adapters. They invested only few bucks back on those days but some of them are now billionaires.

Just invest as much as you, let it accumulate then wait for btc's price to skyrocket. That's it, you can now earn a decent amount of money .

[doomistake]

It's unlikely that people will move to bitcoin during the economic crisis! Gold and other precious metals like Silver or platinum is becoming their obvious choice. If you see the price chart of gold for last 6 months, the trend will be visible to you! You can refer the link below,

https://goldprice.org/gold-price-chart.html

Now let me prove my statement when I say that bitcoin will not be the obvious choice during the economic slowdown. The reason is very simple! During an economic slowdown, a person would want to look for another investment asset to safeguard their capital. That person probably wouldn't look for profits but to ensure that his capital is not depreciating. This kind of people would want some investment asset which is less volatile and have a proved track record. Simply put, Bitcoin doesn't fit that criteria!

 

The prices of Golds and other precious metals that you mentioned is also depreciating, but not as much as bitcoin have because of its volatility. It is true that people don't want to go that far risking their capital on something they are not even sure of, and that is investing in bitcoin or other cryptocurrencies, but, going for Bitcoin instead of Gold is much superior, bold, and risky decision that they could ever made but securely going to give them a lot of profits in the long run.

Nonetheless, there is a 40:60 chances that they will choose bitcoin, you can't risk what you all have if your daily needs is on the line.

[Google+]

the possibility of economic conditions could have an effect on the price of bitcoin if the economy is good there will be many who make transactions using bitcoin while if it is not good it will be few who make transactions using bitcoin and will make the market quiet.

[MonsterV]

The gold market will indeed happen but before that happens I think the world economy and by various countries will adopt Bitcoin as a digital currency for online payments.We know that currently the world economic turmoil is underway, between China and USA they are fighting to become the No. 1 in the world.

Not that easy, dude, the problem of bitcoin adoption so far is regulation, bitcoin adoption is limited by regulations of each country causing a lack of equitable knowledge of crypto currencies. Not only that, understanding of gold and bitcoin in economic crisis is still unclear especially on bitcoin so most of them would prefer gold.

The biggest impetus of bitcoin is on investors, especially ICO / IEO investors. When ICO was still popular in 2017, bitcoin was able to reach ATH. At the moment I do not know very well whether,  economic situation will side with gold or bitcoin, if there is a bad FUD against bitcoin then I am sure this holder will run to gold.

[ashmodeus]

Do you think this Economic situation will push More People into Bitcoin?
Coz i think the gold market is about pop the bubble soon

no no, not anytime soon.
u know, and i guess people of the world know too, bitcoin its a final choice.
since the bitcoin can drop 20% a day, people must think more than 2 times for make it assest like gold.

[Wexnident]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

It's too early. The countries that are currently adopting coins could buy them regularly which could change the market prices but those countries with poor economic backgrounds would have difficulties integrating themselves into the cryptoworld since they lack the funds to participate in the trade. If gold popped, those countries would lose a huge part or their financial ability. Of course, investing in crypto could still get large gains, but time is needed for it to produce results.

[ivakar]

Not that easy, dude, the problem of bitcoin adoption so far is regulation, bitcoin adoption is limited by regulations of each country causing a lack of equitable knowledge of crypto currencies. Not only that, understanding of gold and bitcoin in economic crisis is still unclear especially on bitcoin so most of them would prefer gold.

The biggest impetus of bitcoin is on investors, especially ICO / IEO investors. When ICO was still popular in 2017, bitcoin was able to reach ATH. At the moment I do not know very well whether,  economic situation will side with gold or bitcoin, if there is a bad FUD against bitcoin then I am sure this holder will run to gold.

I think the main moving power for investing in bitcoin is an expectation to gain high profit,  that is why investing into ICO was so popular in 2017 and quite a lot of ICO were scam because of hype. After regulators added some rules to regulate this, a lot of ICO scum died.
Poor people have dream to become reach in a magic way, that is why taking into accout, that crypto could return high profit in a short given time - sometimes it could work out.

[Eclipse26]

Venezuela might be trying to find ways on how to solve their economic problems that's why they're adopting bitcoin. Though I don't have an idea if it was successful on not. Venezuela's money are losing its value because of inflation, I bet they don't really care about their money so their looking for something new that has still value.

Developed countries are unlikely to adopt bitcoin since their currency is still doing well, why would they adapt another currency?

[Beparanf]

Both can be a better solution in every economic problems, but it will depends on their resistance for risk and timeline needed. Having gold is a good asset but still depends in the country of how much they will buy and sells it, depends on their capability to utilize this resources. Unlike in bitcoin as often give more chance to fast transactions and volatility we will just need to acquire some and wait for a time were it will arise or simply do trading that can give us profit if well trained. Both choices need a help from their country as their economic situation isn't that good, adapting and acquiring both will be hard , it will be in their personal skills how they can buy and use it to help to influence their government for a better economic solution.

[NathanJB]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

Comparing those countries are not fair to be honest,and there is no reason for country like USA to move to bitcoin from now unless all their citizen think that way.Trade war has no influence to the adoption of cryptos.

There is no reason for the USA to move to Bitcoin because it is treated as an enemy of what makes the country USA. If they move to Bitcoin, Wall Street will fall, the US dollar will be worthless, and the country will be in debacle. The powerful will suddenly turn equal to everyone. They will not allow that to happen.

Trade wars could pull down the value of the currencies involved and that would make everything uncertain. Somehow, that may benefit Bitcoin if the rich will treat Bitcoin as a hedge to avoid getting caught in the war.

[EdenHazard]

The gold market will indeed happen but before that happens I think the world economy and by various countries will adopt Bitcoin as a digital currency for online payments.We know that currently the world economic turmoil is underway, between China and USA they are fighting to become the No. 1 in the world.

Not that easy, dude, the problem of bitcoin adoption so far is regulation, bitcoin adoption is limited by regulations of each country causing a lack of equitable knowledge of crypto currencies. Not only that, understanding of gold and bitcoin in economic crisis is still unclear especially on bitcoin so most of them would prefer gold.

The biggest impetus of bitcoin is on investors, especially ICO / IEO investors. When ICO was still popular in 2017, bitcoin was able to reach ATH. At the moment I do not know very well whether,  economic situation will side with gold or bitcoin, if there is a bad FUD against bitcoin then I am sure this holder will run to gold.

Gold will always become the most realistic safe haven of storing value whenever the world economics showing unusual activity or an unclear situation like we had right now. Honestly It must be bitcoin or any other cryptocurrency on top on that ... but since google claimed that they have a supercomputer which could solve / crack the powerful encryption in cryptocurrency few weeks ago.

Things went wrong ... cryptocurrency market crashed free fall down to $7,000 from $10,000 because of Google claim! People even leave their wallet empty and move it to gold or just cash them out.

The situation will remain like this all day at least until the end of this year, not much you can do but with the market swing ... you might could take some advantage to trade and get some profit out of it.

[Finestream]

Bitcoin is a better option IMO, I know gold is stable and recommended by top investors but we are in a digital era now, people are aware already that internet is a big factor and its already part of our daily life. With bitcoin and crypto as our holdings, we will be able to access it anytime and do what we want to do, as long as we keep it in our own wallet which we hold the key, it's a sign that we own something or part of the total supply and makes things very transparent on our side unlike the usual type of investment where we don't really hold it or completely own it.

[alyssa85]

Developed countries are unlikely to adopt bitcoin since their currency is still doing well, why would they adapt another currency?

The only situation that would persuade someone from a developed country to adopt bitcoin is something like the eurozone crisis.

People forget that it was the crisis in 2013 that pushed bitcoin into the mainstream (they were confiscating people's savings in Cyprus banks to save the banking system and instigated horrendous capital controls so people couldn't get their money out.

Since then, the eurozone countries have passed a "bail-in" law where people's savings are confiscated to bail out banks. This is in contrast with Anglosphere countries where the govt is expected to do the bailout.

Lots of the eurozone banks are weak, and if there is another crisis watch for lots of bail-ins, lots of people having their savings confiscated and renewed interest in bitcoin and crypto.

IMO the eurozone is the weak point in the developed world.

[Moiyah]

Do you think this Economic situation will push More People into Bitcoin?

Yeah, because of vast technology and knowledge of many people about crytpocurrency,  I think many more business will join the world of digital trading and exchanges. We consider the btc as gold of internet, the difference between a real gold is the value is continuously declining, other states incessantly printing fiat money that makes currency devalue by the central banks which also affects the economic situation of one country.
I just hope in the near future they will create application which protects the btc to hackers and scammers (I know there are insurance offering in crypto, but I mean almost 100% security) so that more people join the crypto circulation and feel their money is safe and sound.

[brightemo]

World economic situation can dump btc price, unfortunatly. Recession is not good in general

[Polo7]

World economic situation can dump btc price, unfortunatly. Recession is not good in general

Its not recession anymore!
It was but not anymore!

[el kaka22]

Even if regulation becomes an easy part of bitcoin adoption, we still need to figure out a better method than just giving a simple card to someone (maybe clicking your pin to a machine as well) and be done with it, maybe we can do QR code scanning or maybe we can have bitcoin cards everywhere, in all aspects of the deal we need something better than credit cards, if we don't provide anything better than why would people use bitcoin.

Plus, the timing is still an issue, you send bitcoin to someone and it takes ages for them to get it compared to bank transactions when you do shopping, if you go buy something with your credit card the moment PoS machine gives you the invoice it means transaction completed and doesn't take longer than 30 seconds, bitcoin transactions still take 10+ minutes no matter how much fee you pay.

[Mahanton]

Even if regulation becomes an easy part of bitcoin adoption, we still need to figure out a better method than just giving a simple card to someone (maybe clicking your pin to a machine as well) and be done with it, maybe we can do QR code scanning or maybe we can have bitcoin cards everywhere, in all aspects of the deal we need something better than credit cards, if we don't provide anything better than why would people use bitcoin.

Plus, the timing is still an issue, you send bitcoin to someone and it takes ages for them to get it compared to bank transactions when you do shopping, if you go buy something with your credit card the moment PoS machine gives you the invoice it means transaction completed and doesn't take longer than 30 seconds, bitcoin transactions still take 10+ minutes no matter how much fee you pay.

These are the main reasons why there are still people who do really prefer out the traditional fiat system due to that purpose.
We cant really deny that Bitcoin system do really have those flaws and lacking.I dont believe that fiat system would be replaced up
anytime soon by crypto even though we are seeing some adoption of it but as long government do still on control then we wont see
the traditional system would fade away but somehow we do see some countries in terms of economic progress being helped up by Bitcoin/Crypto.

[dave111223]

For me, it is a certainty that cryptos will never replace fiat currencies. There will be a parallel economy and the btc will become a currency like USD, EUR etc... with a parity for each pair, but not a substitute currency. And that's good, because the global economy would be shaken up, it wouldn't make any sense.

[Wysi]

For me, it is a certainty that cryptos will never replace fiat currencies. There will be a parallel economy and the btc will become a currency like USD, EUR etc... with a parity for each pair, but not a substitute currency. And that's good, because the global economy would be shaken up, it wouldn't make any sense.

Yes cryptos have it's own use and it can never replace the real fiat currencies and even if we start using crypto instead of real fiat then it will create a chaos which might lead to a disastrous economical recession. Cryptos can be used as a mode of money transfer and other new technologies which gives i upper hand compared with traditional method like money transfer system which takes m\weeks if we do it through any money exchange but it's a matter of seconds through crypto. 

[uray]

Do you think this Economic situation will push More People into Bitcoin?
We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

The problem with these countries is that the political corruption has destroyed their economies completely and the people have no money nor have the job to purchase bitcoin, the important thing we have to understand with these example is that we need to have an investment which is not controlled by the corrupt government and bitcoin is that investment and if people understand that we will see more investment in the market.
 

[shoreno]

For me, it is a certainty that cryptos will never replace fiat currencies. There will be a parallel economy and the btc will become a currency like USD, EUR etc... with a parity for each pair, but not a substitute currency. And that's good, because the global economy would be shaken up, it wouldn't make any sense.

Yes cryptos have it's own use and it can never replace the real fiat currencies and even if we start using crypto instead of real fiat then it will create a chaos which might lead to a disastrous economical recession. Cryptos can be used as a mode of money transfer and other new technologies which gives i upper hand compared with traditional method like money transfer system which takes m\weeks if we do it through any money exchange but it's a matter of seconds through crypto. 

Bitcoin wasn't made for remittance service,it was created for medium of transfer unfortunately many people don't use it for what is was supposed to be used.

May not create much chaos to the people,only will be a problem for the government and they will re-assist to the condition sooner.

bitcoin was not also mean for investment but people invest on it  therfor bitcoin can also be used for remitance and any other use depending on the user  . bitcoin is orginaly created for currency use but until now there are people that use it this way  . using crypto wont also make a chaos as long as the use is appropriate  .  economic situation around the world are different from country to country  , by using cryptos the economy can be improved if its in bad condition

[bitgolden]

For ease of making payments around the world, I think that Bitcoin can help economy grow because we have so many entrepreneurs that likes to do business, especially some of the petty ones which would have really added to the growth of any economy, but because of restrictions on some of these people because of inability to send money across border and the cost of sending money across the border for these transaction is scaring lots of them away.

With the cheaper costs of making payments for goods and services with Bitcoin, it will make lots of people able to go back to business and generate revenue for their country. For assets purpose, I think that Gold is still the most reliable for now as it is more stable than Bitcoin, but in future when Bitcoin eventually becomes stable, I believe that it will pass for digital gold and be more recognized than the normal gold.

[meliodas]

For me, it is a certainty that cryptos will never replace fiat currencies. There will be a parallel economy and the btc will become a currency like USD, EUR etc... with a parity for each pair, but not a substitute currency. And that's good, because the global economy would be shaken up, it wouldn't make any sense.

Yes cryptos have it's own use and it can never replace the real fiat currencies and even if we start using crypto instead of real fiat then it will create a chaos which might lead to a disastrous economical recession. Cryptos can be used as a mode of money transfer and other new technologies which gives i upper hand compared with traditional method like money transfer system which takes m\weeks if we do it through any money exchange but it's a matter of seconds through crypto. 

Bitcoin wasn't made for remittance service,it was created for medium of transfer unfortunately many people don't use it for what is was supposed to be used.

May not create much chaos to the people,only will be a problem for the government and they will re-assist to the condition sooner.

bitcoin was not also mean for investment but people invest on it  therfor bitcoin can also be used for remitance and any other use depending on the user  . bitcoin is orginaly created for currency use but until now there are people that use it this way  . using crypto wont also make a chaos as long as the use is appropriate  .  economic situation around the world are different from country to country  , by using cryptos the economy can be improved if its in bad condition

If we use the bitcoin for other things than what it meant for then sooner or later majority of people will lose interest on it now now maybe after few decades so it should be in the right path to have better crypto future.

It is the choice of the owner of the bitcoin to use their bitcoin on how they wanted to use it. Most of the things that we use our fiat currency are already being imitated by the cryptocurrency and I think that serves a better cryptocurrency future because it is a proof that we can transform from being a paper type of currency to digital currency with the power of cryptocurrency.

[adzino]

People in Venezuela and Ghana have no money to buy bitcoin.Do you think that average person in these and similar countries is able to buy even 0.100 btc a month
Economic situation all over the world depends now on talks about tariffs between USA and China.If talks will fail we will see mega crisis.Now ask yourself if your economic and financial situation uncertain will you put your money what you need to survive in most risky asset.Bitcoin is most risky and most profitable asset in the world

Lol. Really? They don't have "any" money to buy bitcoin? Then how do they buy their regular stuffs like their groceries? How to they pay their bills?
Now I guess you are thinking about them buying one whole bitcoin, right? Why do they have to buy one whole bitcoin? They can always buy fraction of bitcoin and whatever they can afford. They will just convert their fiat to bitcoin. Thats all it. Or they can just introduce their own crypto currency suitable for their economic system. Its not like they must use bitcoin. Altcoins are always an option.

[TrevorS]

In general, it is possible. But you need to understand the following things.
The heads of the most developed countries in the world speak out neutrally-negatively in the direction of bitcoin, which means that most people will not consider it as an asset during the crisis.
But large investors, independent of the opinions of television authorities, may well use Bitcoin as a temporary or permanent refuge.

[Polo7]

In general, it is possible. But you need to understand the following things.
The heads of the most developed countries in the world speak out neutrally-negatively in the direction of bitcoin, which means that most people will not consider it as an asset during the crisis.
But large investors, independent of the opinions of television authorities, may well use Bitcoin as a temporary or permanent refuge.

I think bitcoin is rich people money.

But the final Cryptocurency If there ever will be one world global currency it will be xrp.

[jets567]

I do not think that the push will be universal.  I believe those who are knowledgeable about Bitcoin will be the one who will transfer their fiat currencies into Bitcoin.  Institution won't do that because they are more conservative and always want the less dangerous road to take.  Since Bitcoin is a very risky but high reward commodity, these institution will not gamble in  it.  So I can say not all people will be pushed to Bitcoin because of this economic situation.

You may have a point here, but its the young generations that can push these bitcoin. Millennials, are knowledgeable enough especially this digital assets (not decentralized). Happenings in Hong Kong, those rallies push the bitcoin or crypto trading. They are looking for other option and cryptocurrencies are the favorable choice now. Look also to Venezuela, Africa etc., bitcoin is a viable  option.

Though the issue of volatility is there, some  has no choice.

I totally agree that Millenials could be the main reason for Bitcoin to push in the next coming years as they easily adopt new techonlogies, and I guess that the project owners knows that as well, for example on my country there are some blockchain projects that is conducting events to introduce blockchain and cryptocurrency on different universities because they knew that these students will be the key for cryptocurrency to achieve success in the future.

[jamesndungu1]

Definitely. I believe that the masses are looking for a way out of the current financial systems. Bitcoin is thriving on solving all the challenges that are associated with financial systems around the globe, and with the numerous solutions that the cryptocurrency has to offer, I believe a few years to come the majority of the people will have switched to cryptocurrencies. The decentralization feature is what is attracting so many people to this new digital currency.

[Ryker1]

Definitely. I believe that the masses are looking for a way out of the current financial systems. Bitcoin is thriving on solving all the challenges that are associated with financial systems around the globe, and with the numerous solutions that the cryptocurrency has to offer, I believe a few years to come the majority of the people will have switched to cryptocurrencies. The decentralization feature is what is attracting so many people to this new digital currency.

Well, It will but I feel doubt it takes longer of time. Years or maybe decades. Well, IMO. I really think so, the Economic situation would really push more people into bitcoin because all they wanted is not just to learn but to earn a big profit to support their daily needs as well. If that case many people will be embracing crypto and looking forward to because of the profit that bitcoin had. Indeed, I believed that there is a great innovation that Bitcoin brings from our economic situation and will the next halving will come.

[wxxyrqa]

Definitely. I believe that the masses are looking for a way out of the current financial systems. Bitcoin is thriving on solving all the challenges that are associated with financial systems around the globe, and with the numerous solutions that the cryptocurrency has to offer, I believe a few years to come the majority of the people will have switched to cryptocurrencies. The decentralization feature is what is attracting so many people to this new digital currency.

Well, It will but I feel doubt it takes longer of time. Years or maybe decades. Well, IMO. I really think so, the Economic situation would really push more people into bitcoin because all they wanted is not just to learn but to earn a big profit to support their daily needs as well. If that case many people will be embracing crypto and looking forward to because of the profit that bitcoin had. Indeed, I believed that there is a great innovation that Bitcoin brings from our economic situation and will the next halving will come.

Of course, everything will be exactly as you say, here only the decentralization and anonymity of each cryptocurrency user will have to forget.  Already today, many state governments are starting to resent the fact that criminals and fraudsters use cryptocurrency for their criminal purposes.  For this, in countries, certain structures will control the circulation of cryptocurrency.  But anyway, it is cryptocurrency that is a huge step forward for the whole world of cashless payments.

[doomloop]

World economic situation can dump btc price, unfortunatly. Recession is not good in general

This is not something new for world economy. There were many times when economy has overall done poor. But the great economists are the ones who find ways of tackling decrease in profits in positive ways rather than becoming hopeless like new investors. I am in favor of supporting bitcoin at the moment to help it pump up easily.

[shield132]

At first majority of population has no idea what the hell bitcoin is, even most of them don't know how to use cards and prefer cash despite the fact that they have to count coins and paper money.
Also from the people who knows word bitcoin, only small percent knows what it really is and most people think that it's bullshit, scam, pyramid and etc.
So to sum up, I think we are far away from global bitcoin usage and it's impossible to say at the moment that because of current economic situation, people may move on bitcoin.
P.S. Bitcoin wasn't meant for massive usage too.

[barabarian1]

in my opinion the world economy is still weak due to the trade war that occurred between China and America. and the economic growth of European countries is also weak. I got information from the website https://www.bloomberg.com/news/articles/2019-10-10/what-to-watch-to-see-if-world-economy-is-heading-into-recession. but in my opinion this trade war does not affect the crypto market. the crypto market is relatively stable, there is no significant increase or decrease. so I think investing in cryptocurrency remains safe.

[error08]

Cash is best asset when Economy is Down!

But fed USA and ECB Europe just printed more money, the Frankfurt and even paris Property prices are going up as the real Boom is about to start all over Europe.

Countries like Ghana... Yes its different story

Cash will be the worst during the crisis due to inflation, if a country keeps printing more money, it will be less valuable. To have cash during a crisis isn't a good option as gold will be the number 1 commodity whose value will remain persist. For bitcoin, I'm not sure whether it will spike up during an economic recession or tumbled, we will know if the global recession really happens.

[TrevorS]

I believe that the economic situation in the world is quite tense, and the crisis is being created artificially.
The fact that bitcoin is accepted in countries like Venezuela is a very good precedent, because in fact it is a chance to get out of dollar dependence.
As we can see, developed countries say things against bitcoin and cryptocurrencies, while developing ones do the opposite.
I think developed countries are afraid of losing influence.

[asus09]

United Stated and China faced big war or economic and give many effect for other country with USD value higher and make many country money lower, they have stop for their economic war to make other country have potential for recovery economic condition, with this moment give bad effect for bitcoin and altcoin price.

[TrevorS]

World economic situation can dump btc price, unfortunatly. Recession is not good in general

This is not something new for world economy. There were many times when economy has overall done poor. But the great economists are the ones who find ways of tackling decrease in profits in positive ways rather than becoming hopeless like new investors. I am in favor of supporting bitcoin at the moment to help it pump up easily.

Such a scenario is likely. During the Great Depression, stocks were worth a penny, but no one had the money to buy them.
Those who spent their savings on stocks at that time became millionaires in the future.
Therefore, it is likely that the scheme of the dump and pump at the very peak of the crisis can very well affect the price of bitcoin.

[airdnasxela]

Do you think this Economic situation will push More People into Bitcoin?

It still depends on the economic situation of a country. Countries with good economic situation are most likely to adopt bitcoin for innovation and development (unless it's prohibited by the government or strict when it comes to crypto). While countries having crisis just like Venezuela might have a hard time to adopt on this since they're more focus about their problem. Unless if the government itself, want to adopt or hold bitcoin and crypto.

Also one factor to consider is the government. Whether the economy is doing good or not, if the government is against crypto, it'll be hard to push more people into bitcoin

[supercanada1]

Do you think this Economic situation will push More People into Bitcoin?

It still depends on the economic situation of a country. Countries with good economic situation are most likely to adopt bitcoin for innovation and development (unless it's prohibited by the government or strict when it comes to crypto). While countries having crisis just like Venezuela might have a hard time to adopt on this since they're more focus about their problem. Unless if the government itself, want to adopt or hold bitcoin and crypto.

Also one factor to consider is the government. Whether the economy is doing good or not, if the government is against crypto, it'll be hard to push more people into bitcoin

Dumps and pumps are the major ingredients of successful journeys of crypto currencies. The only reason why real investors are interested into bitcoin and some other projects of crypto market is that they give sharp results in short terms. Either they increase or decrease in values, they usually are not in loss if they are stick to nice projects.

[panganib999]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

Donald Trump announced around the 5th day of the month of May, that he would raise tariffs on Chinese products that will be imported on their country because of the rising tension between US and China, friday morning after the 5th tge proce of bitcoin rose up to 26.5% and US$ 7,878 but then as investors cashed out the price fell to US$ 7,200.
       These two countries' tension and their currencies' movement are positively affecting the price of bitcoin. It rises alongside yuan currency price's concern, and this might drive and convince people to invest and enter crypto space because of the price movement.

[NathanJB]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

Donald Trump announced around the 5th day of the month of May, that he would raise tariffs on Chinese products that will be imported on their country because of the rising tension between US and China, friday morning after the 5th tge proce of bitcoin rose up to 26.5% and US$ 7,878 but then as investors cashed out the price fell to US$ 7,200.
       These two countries' tension and their currencies' movement are positively affecting the price of bitcoin. It rises alongside yuan currency price's concern, and this might drive and convince people to invest and enter crypto space because of the price movement.

Is there really a causal connection between the two? Or they are just coincidences? Until now I still cannot find the exact correlation between the two. Sometimes I tend to think that people are just trying to fit this correlation where it is not actually realistic. This trade war between the US and China is already taking some time and yet Bitcoin remains stuck in this 4-digit price. While the trade war is getting worse, with retaliatory actions taken by both sides, Bitcoin is still not pumping.

[bitgolden]

It still depends on the economic situation of a country. Countries with good economic situation are most likely to adopt bitcoin for innovation and development (unless it's prohibited by the government or strict when it comes to crypto). While countries having crisis just like Venezuela might have a hard time to adopt on this since they're more focus about their problem. Unless if the government itself, want to adopt or hold bitcoin and crypto.

Also one factor to consider is the government. Whether the economy is doing good or not, if the government is against crypto, it'll be hard to push more people into bitcoin

Dumps and pumps are the major ingredients of successful journeys of crypto currencies. The only reason why real investors are interested into bitcoin and some other projects of crypto market is that they give sharp results in short terms. Either they increase or decrease in values, they usually are not in loss if they are stick to nice projects.

Is that you own view of cryptocurrency success? I think you have a very wrong view because that is not the way that bitcoin is meant to operate, if bitcoin is to be reliable as a means of store of value, buddy, it cannot continue to be a product if pump and dump, and the reason for bitcoin pump and dump is because we are having so many whales still manipulating.

I am not saying that the market cannot fluctuate, but when it fluctuates, the level of decrease will never be as much as it used to be when the whales manipulate the market to pump the price and then dump it. Bitcoin needs to also serve as currency, and with pumping and dumping, it cannot achieve it as people will be scared of buying it for payment and them receiving it also for payment.

[Genemind]

It depends on the country and its openness to accept and adopt cryptocurrency. Some people are afraid to invest especially when they're having trouble with their economy. If a certain country is open to adoption, people would surely be pushed to invest and use it as a currency. If people will only appreciate its importance, it would be a great help to a shaky economic situation.

[Ctn]

China is a pretty big country which has always been more focused on being self reliant and self sufficient. Not only this they have been quite reluctant to new technologies which could give people more freedom and cryptocurrencies is one such thing So I don't think China will unban cryptocurrencies.

[finzyoj]

snip

     These two countries' tension and their currencies' movement are positively affecting the price of bitcoin. It rises alongside yuan currency price's concern, and this might drive and convince people to invest and enter crypto space because of the price movement.

Is there really a causal connection between the two? Or they are just coincidences? Until now I still cannot find the exact correlation between the two. Sometimes I tend to think that people are just trying to fit this correlation where it is not actually realistic. This trade war between the US and China is already taking some time and yet Bitcoin remains stuck in this 4-digit price. While the trade war is getting worse, with retaliatory actions taken by both sides, Bitcoin is still not pumping.

I also don't think they got a strong relevance as well. Crypto world is different, it must mot be affected at all because the tension on relationship between two countries got nothing to do with it. Cryptocurrency, bitcoin in general, is free for all. I mean they can be used by anyone and anywhere. Nationality of a particular individual is insignificant when doing tradings upon it simoly because it acts like a universal currency.

[dimox]

the tensed up between two country affect on trading volume and world economic growth. but it doesnt mean from this situation will push people to use bitcoin. and i think country that ready to adopting bitcoin doesnt mean that the people will use bitcoin everyday and apply for daily need, buy and sell, etc.

       These two countries' tension and their currencies' movement are positively affecting the price of bitcoin. It rises alongside yuan currency price's concern, and this might drive and convince people to invest and enter crypto space because of the price movement.

i think bitcoin have different world with this tension. if it give effect, its not big effect like when someone buy all of bitcoin. and it will make their currency a little wobbly

[cosmofly]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

When the economy goes wrong, gold is the place with the most buying needs. Bitcoin is said to have deflation function but it is completely uncertain as its value is always manipulated daily.
when there is too much demand to buy, the whales will easily sell out of bitcoin and flee. That is the dangerous thing that everyone is wary of. So gold is one of the most popular things every time the economy gets in trouble.

[abhiseshakana]

In this era, I am sure that bitcoin will become one of the alternative options for storing assets, the situation and the current economic conditions are driving cryptocurrency to be accepted by the world community, especially bitcoin as a cryptocurrency pioneer.

Are you sure that the problem of China and America is only a matter of trade or more intrinsically concerns the issue of a regional control strategy?

The trade war between China and America is just a product of President Trump's "American First" foreign policy (https://en.wikipedia.org/wiki/America_First_(policy)). Nationalism and concentration policies into this country which China and other countries responded to as an opportunity to exert influence in other regions and become a new regional power. China wants the world community not to have a voice with the United States, therefore China will all-out use its economic, political and military power to achieve its goals.

The trade war between America and China did cause a slowdown in the global economy but the concentration of digital economic growth was indeed concentrated in both countries, however, these two countries are equally anti-bitcoin, so it won't have much impact on bitcoin.

Gold as high-quality Assets & safest assets is undebatable, but for the price, it depends on the market situation. At this time the price of gold in the market fell due to the US President's policy to China.

[familiaverde]

I think economic situation is getting worse and worse each day the whole global debt is increasing and is currently double of that of the GDP of the whole world. This means that our whole economy is nothing but debt. So this bubble will definitely burst one day.

[fullhdpixel]

It would push people to bitcoin but since we are talking about nations that are in economic problems and do not have too much power the rise won't be too much, it would be just regular Thursday for bitcoin, we are not talking about mass adoption in USA or UK and what not, we are talking about places at the levels of Venezuela or Ghana, how much money could there be in those nations that would turn into bitcoins and increase the price?

The regular public all combined do not have enough money to survive let alone buy bitcoins, the rich of those nations look to move their money out of the nation as well so a whole nation can't probably increase bitcoin 1 thousand dollars if they worked, these are third world nations with horrible economies we can't expect too much from them.

[Aying]

bitcoin is increasingly being liked and known by many people around the world, but there are always from big countries like America to support the progress of bitcoin development. I do not understand whether because they are afraid that $ will accept world currencies to accept bitcoin. Although America can proclaim bitcoin as a digital currency.

You're right, and to that bitcoins future are so bright. but we cant keep calm that there is always other country other than america we're want to put some barrier for the improvement of btc. btc amd other crypto currency will bring huge changes in our society we should expect a lot of things to happen.

[monineklutak]

bitcoin is increasingly being liked and known by many people around the world, but there are always from big countries like America to support the progress of bitcoin development. I do not understand whether because they are afraid that $ will accept world currencies to accept bitcoin. Although America can proclaim bitcoin as a digital currency.

You're right, and to that bitcoins future are so bright. but we cant keep calm that there is always other country other than america we're want to put some barrier for the improvement of btc. btc amd other crypto currency will bring huge changes in our society we should expect a lot of things to happen.

Bitcoin makes it easy in Japan, not in the United States, who knows what the American government thinks about bitcoin,
even though Bitcoin is not a threat, what is a threat is the Americans themselves who manage their money !, I hope China, Korea, Russia can consider Bitcoin

[sana54210]

What do you guys think when this is all over?
I mean if we get someone other than Trump as president next year, there must be some sort of change for sure, they will try to undo everything Trump did which includes the trade war with China. We are not doing well as a whole world when USA and China go head to head they are basically the two biggest economical power in the world (with UK close third) and when there is an economical war going on between them there is of course a world economy problem.

Do you think economy will get a boost and a great help when Trump doesn't get reelected and other candidate just finds a middle ground with China and everything goes back to normal? Will the problems of financial world be solved? Or is the damage too deep to stop now?

[Meowth05]

You're right, and to that bitcoins future are so bright. but we cant keep calm that there is always other country other than america we're want to put some barrier for the improvement of btc. btc amd other crypto currency will bring huge changes in our society we should expect a lot of things to happen.

I think this is more about the way America is trying to use USD as the No. 1 currency in the world. Bitcoin shouldn't be more popular than USD. But bitcoin continues to gain hearts all over the world.If America had always supported 100% crypto, its development would have been much faster now.

You have a point probably the US doesn't support 100% the cryptocurrency especially Bitcoin simply because they want that USD to be number 1 currency in the world but through the existence of bitcoin it all changed. Bitcoin caught the attention of the mass through some extraordinary factors that USD doesn't have like a high volatility rate that is perfect asset for trading and investment. Bitcoin could give a certain country with better Economic status once they acknowledge it.

[haidil]

You're right, and to that bitcoins future are so bright. but we cant keep calm that there is always other country other than america we're want to put some barrier for the improvement of btc. btc amd other crypto currency will bring huge changes in our society we should expect a lot of things to happen.

I think this is more about the way America is trying to use USD as the No. 1 currency in the world. Bitcoin shouldn't be more popular than USD. But bitcoin continues to gain hearts all over the world.If America had always supported 100% crypto, its development would have been much faster now.

You have a point probably the US doesn't support 100% the cryptocurrency especially Bitcoin simply because they want that USD to be number 1 currency in the world but through the existence of bitcoin it all changed. Bitcoin caught the attention of the mass through some extraordinary factors that USD doesn't have like a high volatility rate that is perfect asset for trading and investment. Bitcoin could give a certain country with better Economic status once they acknowledge it.

of course the US is afraid of bitcoin rivaling usd, because why now many people are interested and choose to make payments using btc.

[Arkann]

You're right, and to that bitcoins future are so bright. but we cant keep calm that there is always other country other than america we're want to put some barrier for the improvement of btc. btc amd other crypto currency will bring huge changes in our society we should expect a lot of things to happen.

I think this is more about the way America is trying to use USD as the No. 1 currency in the world. Bitcoin shouldn't be more popular than USD. But bitcoin continues to gain hearts all over the world.If America had always supported 100% crypto, its development would have been much faster now.

You have a point probably the US doesn't support 100% the cryptocurrency especially Bitcoin simply because they want that USD to be number 1 currency in the world but through the existence of bitcoin it all changed. Bitcoin caught the attention of the mass through some extraordinary factors that USD doesn't have like a high volatility rate that is perfect asset for trading and investment. Bitcoin could give a certain country with better Economic status once they acknowledge it.

of course the US is afraid of bitcoin rivaling usd, because why now many people are interested and choose to make payments using btc.

I believe that today the number of cryptocurrency users is not critical to the existence of the dollar.  Based on this, I believe that cryptocurrency will not bring any special problems for the international currency, but you still need to pay attention to the other side of the coin, why the United States expresses dissatisfaction with cryptocurrency.  In most cases, this is due to the fact that many cryptocurrency users abuse the capabilities of the cryptocurrency market, evading taxes and using it with malicious intent.  In any case, this situation can be quickly corrected so that governments begin to support cryptocurrencies.

[EdvinZ]

In times of severe crises, most people tend to lose money because they do not think about any assets to save money. Many simply have nothing to put off in case of crisis. Those who have capital and want to save money in most cases choose proven methods, such as buying gold, for example. I think few are willing to buy Bitcoin, due to its strong volatility.

[Polo7]

In times of severe crises, most people tend to lose money because they do not think about any assets to save money. Many simply have nothing to put off in case of crisis. Those who have capital and want to save money in most cases choose proven methods, such as buying gold, for example. I think few are willing to buy Bitcoin, due to its strong volatility.

Gold is not safe heaven.

Gold price is manipulated. 
Gold price is determined the buy and sell orders on Gold exchangers like futures the ammount of Gold been traded Don't even Physically exist. !!


If we are looking for safe assets then we should not look the assets wich is traded on exchangers.
Same goes for bitcoin! 

[DaveWave]

I do think that the current economic situation directly or indirectly affects bitcoin. There are more companies and people that are investing into bitcoin as it is decentralized and has limited supply. There were even news before that Kim Jong-un was giving orders to mine bitcoin and other crypto currencies. North Korea was imposed with many sanctions that time including its export and limited import on oil. This was the time when Trump said that bitcoin is for criminals and underground activities. 

[bitgolden]

I have a silly thought, if bitcoin originated in America, I'm sure the whole world now uses bitcoin. I think this is just a matter of recognition for America as a superpower in this world.Hopefully in the future bitcoin can really become a currency that can be used by everyone in this world.Because blockchain technology has now begun to be used everywhere.

When I remember what trump said about bitcoin, I just look at them as an hypocrite, I am sorry to say, because if it was trump that actually create this whole cryptocurrency thing, I am sure that by now, they would have already imposed it on the whole world, but because they are not the one taking glory for it, they are rejecting it so that it does not make them less relevance or the world stop seeing them as the saviors they have always claimed to be.

They might even be silently designing their own cryptocurrency and still be making it look like they are not in support of bitcoin. Look at it now, after all trump has said about cryptocurrency, how come they still want to regulate binance, I thought they would have closed down all exchanges by now.

[ringgo96]

I think economic situation is getting worse and worse each day the whole global debt is increasing and is currently double of that of the GDP of the whole world. This means that our whole economy is nothing but debt. So this bubble will definitely burst one day.

When that happens I am still confused how people will be able to transact later? will move to old methods like barter or there will be a new currency that can give trust to many people to be used as a medium of exchange. maybe gold or silver

[NathanJB]

I think economic situation is getting worse and worse each day the whole global debt is increasing and is currently double of that of the GDP of the whole world. This means that our whole economy is nothing but debt. So this bubble will definitely burst one day.

When that happens I am still confused how people will be able to transact later? will move to old methods like barter or there will be a new currency that can give trust to many people to be used as a medium of exchange. maybe gold or silver

Gold and silver is possible. Or, as always possible with this fiat system, some unimaginable arrangements will be done like erasing all the debts as if nothing happened. The best thing that will happen is that cryptocurrency will take over and give the people the feel of using a real currency freely owned by them and cannot be seized from them by authorities.

[Polo7]

When year 2020 we see the line up of people by the grocery store...

They all waiting for btc Transaction confirmations to buy Milk.... Lol 😀😀😀

[ufaiz50]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

People who are in the circle of the world economy will not see bitcoin, they tend to want the security of their money if the economic crisis gets worse. exactly as you say the gold market is the best. This is just my personal analysis, because bitcoin is unpredictable, then the economic crisis could have a bad impact and could have a good impact on value, such as the transfer of investment to bitcoin.

[justdimin]

The wars are ever changing, look at USA right now, they are in war with China but it is not a war that goes with weapons anymore, it is financial. Remember a few years ago when Russian money became %50 worthless over night? Saudi Arabia dropped the oil prices for USA and Russia imports oil all the time so when their Oil started to worth a lot less their own currency dropped as well, all thanks to USA-Saudi correlation to attack Russia's finances.

Nowadays, those are the real wars, sure there are stuff going on in Syria but that is not really a big "war" it is just terrorism at this point, nations attacking each other like USA-Iraq is not really happening anymore, they realized they could make more money this way so they decided not to go to war with each other on land.

[buwaytress]

Of course China-US is all about politics and power, and just because it is currently a trade war doesn't take anything away from it being a regional control strategy.

I really don't understand why it needs to be denied (just like the QE4 denial going on right now in the US). People get it, and that's okay. Everyone's got to do their own thing to remain as relevant to their people as possible, for as long as possible.

Gold shouldn't have fallen because of Trump's China policy though. Not at this moment when CBs are buying every piece of Au they can find.

[Faxmate]

You have a point probably the US doesn't support 100% the cryptocurrency especially Bitcoin simply because they want that USD to be number 1 currency in the world but through the existence of bitcoin it all changed. Bitcoin caught the attention of the mass through some extraordinary factors that USD doesn't have like a high volatility rate that is perfect asset for trading and investment. Bitcoin could give a certain country with better Economic status once they acknowledge it.

I have a silly thought, if bitcoin originated in America, I'm sure the whole world now uses bitcoin. I think this is just a matter of recognition for America as a superpower in this world.Hopefully in the future bitcoin can really become a currency that can be used by everyone in this world.Because blockchain technology has now begun to be used everywhere.

USA is just not joining bitcoin explicitly but many organizations in the world based in or originated from united states of America are either curious about bitcoin or are involved with it. Of course, if it was some currency introduced by America, definitely being the super power, she must have tried to make every other country to use it and promote it.

[jmigdlc99]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

I believe if the economic situation around the world worsens, then there will indeed be more Bitcoin adopters because they will want to preserve the value of their money. Just like with what happened with Venezuela and Africa.

If things don't turn right for China and USA, we might see the same thing happening soon for the "losing" country.

[nasipadang]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

I don't think it's an economic situation, if the economic situation get worse, depends on the mindset of investors, they want to move from stocks to gold or crypto. here which encourages more because of technological advances and developments that will emerge based on the blockchain. China and US trade wars will certainly have an impact on the world market situation.

[ivakar]

I believe if the economic situation around the world worsens, then there will indeed be more Bitcoin adopters because they will want to preserve the value of their money. Just like with what happened with Venezuela and Africa.

If things don't turn right for China and USA, we might see the same thing happening soon for the "losing" country.

I guess the main reason why people in country with huge inflation are buying bitcoins is simple, they are trying to save their earnings from inflation.
but that is working while the rest of the world is in a good shape, but if all financial system is going to collapse I doubt bitcoin could be safe harbour for all of us

[toast]

bitcoin is increasingly being liked and known by many people around the world, but there are always from big countries like America to support the progress of bitcoin development. I do not understand whether because they are afraid that $ will accept world currencies to accept bitcoin. Although America can proclaim bitcoin as a digital currency.

so right someday surely bitcoin and cryptocurrency will be used and if indeed cryptocurrency can overcome the economic problems in the world we all as investors cannot predict the development of cryptocurrency all back again to the government how the cryptocurrency will be used

[imstillthebest]

I guess the main reason why people in country with huge inflation are buying bitcoins is simple, they are trying to save their earnings from inflation.

thats true but there are also people that living on those country that buys crypto not because they they want to save thier money but because they want to experience the benefits of using a crypto   .

but that is working while the rest of the world is in a good shape, but if all financial system is going to collapse I doubt bitcoin could be safe harbour for all of us

not really . rest of the world are also experiencing other problems if not about inflation  . btc can also get affected if ever monetary system and other payment system falls down because there will be no medium to use when purchasing btc so do you think btc value can grow without them  ?

[arifteguhr]

bitcoin is increasingly being liked and known by many people around the world, but there are always from big countries like America to support the progress of bitcoin development. I do not understand whether because they are afraid that $ will accept world currencies to accept bitcoin. Although America can proclaim bitcoin as a digital currency.

so right someday surely bitcoin and cryptocurrency will be used and if indeed cryptocurrency can overcome the economic problems in the world we all as investors cannot predict the development of cryptocurrency all back again to the government how the cryptocurrency will be used

the direction of cryptocurrency for the future is still quite extensive because it can still develop quite far. even now it is still in the process of being introduced to the public. where in this stage the development has not been so massive due to the majority of countries opposing the existence of cryptocurrency

[BitHodler]

btc can also get affected if ever monetary system and other payment system falls down because there will be no medium to use when purchasing btc so do you think btc value can grow without them  ?

It would present an opportunity for Bitcoin to disconnect itself from the legacy monetary system, but that's something I don't expect to happen with how everyone will live in fear of what has to come.

Buying Bitcoin is not going to be on anyone's list in case we see economies collapse.... institutions and rational investors will do everything to unload every single satoshi that they have, which will drive the price back to $xxx levels.

People need to accept that Bitcoin is seen as a risk-on asset, one that thrives much better with a strong world economy than vice versa.... so in other words, don't hope for a recession.

[alexsandria]

Do you think this Economic situation will push More People into Bitcoin?

Venezuela economy situation made the government start accepting bitcoin. So, yes! It could be Venezuela government are starting to recognize bitcoin's potential to lift and lessen the economic crisis happening around Venezuela. Truly bitcoin could be a tight rope for opening a new path towards economic growth which blindedly opposing by developed, and partially developes countries.

China USA  trading?  Do you think that has impact too?

China stand point is basically a wall. Government were not even changing decision, they totally opposed bitcoin.

[agentx44]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

Venezuela is clearly showing its acceptance and tolerance in terms of the use of crypto and I think it is making a huge impact on its economic situation. We can all see how influential crypto had been for the past few years and it would be best if we keep on patronizing it to influence more people into it. Big countries like China is not yet in good terms with bitcoin really but I think the transactions and trading happening in there is making a huge impact not only on its economy but also in the global economy too.

[Ejanend]

In times of severe crises, most people tend to lose money because they do not think about any assets to save money. Many simply have nothing to put off in case of crisis. Those who have capital and want to save money in most cases choose proven methods, such as buying gold, for example. I think few are willing to buy Bitcoin, due to its strong volatility.

That is true and this is the reason why we are taught to do savings. Money saved during good times help to survive in bad times and this cannot be denied also that time never remains same. Moreover, what can be better than saving money in such a form that if after years you look at that amount, it is twice or thrice greater. I am talking about bitcoin here. Save money in the form of this digital asset.

[sirminesalot]

When year 2020 we see the line up of people by the grocery store...

They all waiting for btc Transaction confirmations to buy Milk.... Lol 😀😀😀

maybe all that can happen with the development of the era and technology and cryptocurrencies are created to meet the development of technology and the economy especially if the crypto currency has been legalized by the government as a currency that applies throughout the world of legality is something that is needed in the development of these currencies

[huu78]

In my opinion, bitcoins are now popular where many countries allow adopting bitcoins. may have an impact on future Bitcoin prices.
But if there are still many scams in crypto I think not. investors, as well as people who are new to the know, will be afraid of it.

[Polo7]

Only problem with Bitcoin  is the Volatility.

Today You sell Something 500 tomorow You Got Only 300 left.  Value.

I Think one day the btc Will have stable value one day When Fiat currency  Will be worthed less

[erickastella]

yes of course, technology is developing rapidly, and so is the transaction tool, in my opinion some countries will also adopt the bitcoin system, for example Indonesia, which has legalized bitcoin because they already know the potential of bitcoin itself going forward.

[tenakha]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

In Venezuela, people receive a salary of around $6.70 per month, and at this day's price after 1223 months they will be able to buy 1BTC without spending. As a country, you should have some reforms. Bitcoin can not be the savior of all who are in a bad state. There was no cryptocurrency, when Korea recovered its economy. IMO it is something that depends on this country itself, changes in certain rules are absolutely necessary.

[Ejanend]

bitcoin is increasingly being liked and known by many people around the world, but there are always from big countries like America to support the progress of bitcoin development. I do not understand whether because they are afraid that $ will accept world currencies to accept bitcoin. Although America can proclaim bitcoin as a digital currency.

so right someday surely bitcoin and cryptocurrency will be used and if indeed cryptocurrency can overcome the economic problems in the world we all as investors cannot predict the development of cryptocurrency all back again to the government how the cryptocurrency will be used

Even those people or countries that are not facing any inflation or economical crisis at the moment must invest in bitcoin because this is not only for saving oneself from the bad situations but to become rich. We all need money and no matter how rich we are at the moment, it is better to keep on increasing your asset because the more you have, the better it would be for survival in this world.

[EdvinZ]

many people who become rich and become poor when knowing bitcoin, their economic conditions will be tested when knowing bitcoin trading if they can control their patience can certainly become wealthy, whereas if they cannot control their patience surely only losses will be gained.

In fact, you think right. The world's leading financiers are talking about the same thing. It is important to invest in an asset for the long term, but before carefully studying it. On the contrary, day trading is more often a loss of Deposit than an increase in capital. Many people simply do not have enough patience, this quality should be the foundation for successful investments.

[LUCKMCFLY]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

The current situation regarding Bitcoin is improving, the adoption of Bitcoin is greater every day, in many countries like Spain they are using Blockchain technology to improve the daily processes of daily life, one of the most curious is the tracking of organic eggs using Blockchain, can be found here:https://es.cointelegraph.com/news/spain-blockchain-technology-to-be-used-to-track-organic-eggs, there are many more processes. Around the world, with the case of Venezuela, it is a country in crisis with high inflation, which uses Bitcoin a lot to escape the inflationary economy and obtain refuge to survive and obtain a better quality of life above the average.

What is causing more sensation and concern are the Stablecoins, especially when they announced the launch of Libra, what is coming by 2020 will be very exciting, as many countries are against it, because Libra represents complete instability for local economies, governments They almost claim that the world is not prepared for this, the article that describes it is: https://es.cointelegraph.com/news/why-are-global-stablecoins-a-threat-to-the-financial-system

Such events clearly indicate that it is beneficial for Bitcoin, if stablecoin (Libra) arrives, bitcoin will be adopted more quickly, and recently the market is at a turning point that any direction can take, I think it's about knowing to wait.

[riso2015]

Even those people or countries that are not facing any inflation or economical crisis at the moment must invest in bitcoin because this is not only for saving oneself from the bad situations but to become rich. We all need money and no matter how rich we are at the moment, it is better to keep on increasing your asset because the more you have, the better it would be for survival in this world.

But people will not buy Bitcoin if their knowledge of the world of Cryptocurrency is still low, it is our duty to give them a good understanding so they Interested in this Crypto world. I believe that in the future Bitcoin will be the people's choice to invest their assets, especially if the world economic situation deteriorates.

[Edraket31]

Even those people or countries that are not facing any inflation or economical crisis at the moment must invest in bitcoin because this is not only for saving oneself from the bad situations but to become rich. We all need money and no matter how rich we are at the moment, it is better to keep on increasing your asset because the more you have, the better it would be for survival in this world.

But people will not buy Bitcoin if their knowledge of the world of Cryptocurrency is still low, it is our duty to give them a good understanding so they Interested in this Crypto world. I believe that in the future Bitcoin will be the people's choice to invest their assets, especially if the world economic situation deteriorates.

With the publication of Bitcoin and cryptocurrency I am sure people have heard about crypto, as it has been almost the talk of the town in social media, in the press or media. So, although we will not inform them about this, for sure they once have heard it and it is up to them if they will do research on it or not.

Still, introducing this to our friends, family members will be great. We should also do our part for this, not our obligation but if we want to Bitcoin to fully adopt by all people, at least let's do our part.

[Wysi]

Even those people or countries that are not facing any inflation or economical crisis at the moment must invest in bitcoin because this is not only for saving oneself from the bad situations but to become rich. We all need money and no matter how rich we are at the moment, it is better to keep on increasing your asset because the more you have, the better it would be for survival in this world.

But people will not buy Bitcoin if their knowledge of the world of Cryptocurrency is still low, it is our duty to give them a good understanding so they Interested in this Crypto world. I believe that in the future Bitcoin will be the people's choice to invest their assets, especially if the world economic situation deteriorates.

There are so many potential investors who have no idea about the cryptocurrency and we can pool in these investors only when we have a dedicated spoc based throughout the world to keep the public educated about crypto and for example it's not possible with bitcoin since we don't have a community to do that and it's too late to form a community now but on the other hand new altcoins are doing there bit as they have the management team based in several continent in order to promote and educate people about crypto currency.

[redsun114]

When year 2020 we see the line up of people by the grocery store...

They all waiting for btc Transaction confirmations to buy Milk.... Lol 😀😀😀

Lol, what are you trying to insinuate here, that bitcoin transaction is very slow? I know bitcoin has that problem already and you don’t have to throw it to our face and when it comes to cryptocurrency payment, bitcoin is not the only coin that we can use, if we feel that bitcoin is very slow, there are coins like Ethereum that could serve some purpose because bitcoin itself cannot even do it alone.

There are so many people working towards making bitcoin transaction faster and you can see that we already have the lightning network that has solved part of this challenge, so people don't have to wait that long to get their transaction confirmed. Bitcoin cannot even solve the challenge alone, it will still need the assistance of other coins which is why we have altcoins anyway.

[huige007]

When year 2020 we see the line up of people by the grocery store...

They all waiting for btc Transaction confirmations to buy Milk.... Lol 😀😀😀

maybe all that can happen with the development of the era and technology and cryptocurrencies are created to meet the development of technology and the economy especially if the crypto currency has been legalized by the government as a currency that applies throughout the world of legality is something that is needed in the development of these currencies

Those who believe in the beneficial nature of crypto currencies are still using it without taking consent of governments and those states whose governments are sincere with the development of technology have already legalized cryptos for them. I believe that if all people start using bitcoin, government will give in to legalization.

[Oneandpure]

many people who become rich and become poor when knowing bitcoin, their economic conditions will be tested when knowing bitcoin trading if they can control their patience can certainly become wealthy, whereas if they cannot control their patience surely only losses will be gained.

Not the same which you talk, many richest person become very poor because know with bitcoin, they lost much money buy bitcoin with higher price and sell bitcoin on lower price, just some person lucky with bitcoin investment where always get profit with bitcoin, now you can choose to get profit with bitcoin or get lost, give advice for every one want to invest in bitcoin or altcoin.

[Colt81]

many people who become rich and become poor when knowing bitcoin, their economic conditions will be tested when knowing bitcoin trading if they can control their patience can certainly become wealthy, whereas if they cannot control their patience surely only losses will be gained.

Not the same which you talk, many richest person become very poor because know with bitcoin, they lost much money buy bitcoin with higher price and sell bitcoin on lower price, just some person lucky with bitcoin investment where always get profit with bitcoin, now you can choose to get profit with bitcoin or get lost, give advice for every one want to invest in bitcoin or altcoin.

I disagree. Rich people who get interested to buy bitcoin are getting more rich, that is why more people gets interested in investing their money in bitcoin because there is a huge chance to double or to triple your profit. The only reason why rich people gets poor because they can't control themselves from panicking when the price of bitcoin is starting to fall, but there only few people who experience this kind of incident because most people who gets into trading can control their emotions and can manage their trade properly.

[Xxmodded]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

Economic situation give good effect for cryptocurrency and bitcoin, if good relationship between many country around the world give positive effect for bitcoin on higher price, now many people worried with situation several country look not good with have economic war like United State and China, if war still continue I think bitcoin get bad impact with price and less investor become bitcoin part.

[zidanw]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

Economic situation give good effect for cryptocurrency and bitcoin, if good relationship between many country around the world give positive effect for bitcoin on higher price, now many people worried with situation several country look not good with have economic war like United State and China, if war still continue I think bitcoin get bad impact with price and less investor become bitcoin part.

The world economy is actually being influenced a lot between the two big countries, the US and also China. even in my country I have already been affected by the policies of the two countries. not rule out the possibility later that when it continues the sector of cryptocurrency will get a big impact

[finzyoj]

When year 2020 we see the line up of people by the grocery store...

They all waiting for btc Transaction confirmations to buy Milk.... Lol 😀😀😀

Lol, what are you trying to insinuate here, that bitcoin transaction is very slow? I know bitcoin has that problem already and you don’t have to throw it to our face and when it comes to cryptocurrency payment, bitcoin is not the only coin that we can use, if we feel that bitcoin is very slow, there are coins like Ethereum that could serve some purpose because bitcoin itself cannot even do it alone.

I think even we use faster coins like what you've said, Ethereum, it still can't beat fiat at least for now. I'm not saying that crypto can't defeat fiat in terms of doing fast transactions at all but it's just so happens that crypto is not yet fully developed and can't yet fully harnessed at the same time. Maybe I'll be convinced if we could have a ' scan → *beep → go away" kind of transaction.

[supercanada1]

yes of course, technology is developing rapidly, and so is the transaction tool, in my opinion some countries will also adopt the bitcoin system, for example Indonesia, which has legalized bitcoin because they already know the potential of bitcoin itself going forward.

Not only this that bitcoin is getting legalized all around the world gradually but also there are states that are pondering over setting up bitcoin ATMs so that more and more people believe in this currency and it becomes convenient for people to use this currency on daily basis. Indonesia will experience great improvement in economy soon.

[cryplion]

No, people would not go into digital things when they have ecnomic crisis. Just imagine, if you are so poor and worries about what can you eat tonight, will you put your last dollor into bitcoin?

[Edraket31]

No, people would not go into digital things when they have ecnomic crisis. Just imagine, if you are so poor and worries about what can you eat tonight, will you put your last dollor into bitcoin?

That was so tough, yes indeed, sad reality but for sure you will not do that, but what they means is that are you willing to buy Bitcoin and borrow money just to have it, if not, then, it is your choice and decision and no one will force you to invest your last money for it, as it is not wise and advisable.

[alyssa85]

No, people would not go into digital things when they have ecnomic crisis. Just imagine, if you are so poor and worries about what can you eat tonight, will you put your last dollor into bitcoin?

It doesn't require the poor to switch to bitcoin. Just those who have assets who fear losing it all. In other words the upper middle classes.

[yulionoo]

in my opinion the world economy is experiencing a recession due to a trade war between China and the United States. most of the stock market has declined. and most currencies in third countries weakened because the dollar strengthened. and when the world economy goes into a recession some investors will definitely choose to move their assets to financial instruments that have lower risks such as gold. and maybe some will go to bitcoin but I don't think this will affect the price of bitcoin too much.

[jatin729]

I don't think that crypto currency has any negative impact on global economy.
Now a days most of countries has bad economic conditions because trade war and cold war in Middle east.

As per some reports, I have read that There are some few percentage of people who know about Bitcoin, and there are very small % of people who actually own crypto asset. We cannot compare bitcoin with world economy until there is equal participation in crypto from all countries.

[vintages]

You shouldn't use the situation or the stand of gold globally to measure that of Bitcoin. Gold has always been there and will continue to make impacts. Moreover, economic situation of a state can push people into adoption of Bitcoin too, look at the situation of Zimbabwe.

No, people would not go into digital things when they have ecnomic crisis. Just imagine, if you are so poor and worries about what can you eat tonight, will you put your last dollor into bitcoin?

Don't be too sure to judge yet, once the price of Bitcoin start to pump like it did in 2017, many people, even those who don't have the fund will do anything to get it.

[iMark]

I don't think that crypto currency has any negative impact on global economy.
Now a days most of countries has bad economic conditions because trade war and cold war in Middle east.

As per some reports, I have read that There are some few percentage of people who know about Bitcoin, and there are very small % of people who actually own crypto asset. We cannot compare bitcoin with world economy until there is equal participation in crypto from all countries.

We don't discuss the effect of cryptocurrency on the world economy anyway. we discussed about the bad economic conditions will make many people then adopt bitcoin or not. I think people will certainly look for another currency that is safer than their fiat local currency, which is very vulnerable to inflation when the economic crisis occurs, of course the first choice is gold, because they have a stable value and tend to rise. I think cryptocurrency will not be the first choice for this case, but I am sure that even when the economy deteriorates, many people will definitely adopt bitcoin so that their economy improves because of the benefits.

[Webetcoins]

Only problem with Bitcoin  is the Volatility.

Today You sell Something 500 tomorow You Got Only 300 left.  Value.

I Think one day the btc Will have stable value one day When Fiat currency  Will be worthed less

Legalization is necessary for all projects to gain trust and seek interest of masses. Everyone is fully aware of the potential of bitcoin and contemporary crypto currencies but definitely they scare government. In some countries government is not showing any keen interest or concern towards digital currency and people are easily using bitcoin there.

People need regulation simply to avoid scamming otherwise crypto currencies does not need regulations by government for their maintenance or survival. They are already being used all over the globe and people are making decent profits from them. This is great that people are pursuing bitcoin without the interference of governments because they put taxes everywhere.

[Wintersoldier]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

Basically it is not that quite easy for a country or state to adopt to bitcoin when they have a huge population, and in terms of CHINA and USA, they need more time to think especially their government to consider the possibilities of having bitcoin to their economy. But I'm pretty sure there's already allot of person who knows and already utilizes crypto in their country, and these people will be the key to huge market adoption and wide implementation of crypto.

[White Christmas]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

Actually this is a good question to ask if the economic situation will affect the people especially the government to utilize and accept bitcoin in order for them to help their economic growth. First and foremost the Venezuela accepts and become a ready on bitcoin because their economy is mess up and very down so the Venezuela thinks that the crypto will be able to help them to utilized and brings back their economy. In China this is a big impact because of what President Xi the bitcoin become up very high.

[davinchi]

In times of severe crises, most people tend to lose money because they do not think about any assets to save money. Many simply have nothing to put off in case of crisis. Those who have capital and want to save money in most cases choose proven methods, such as buying gold, for example. I think few are willing to buy Bitcoin, due to its strong volatility.

That is true and this is the reason why we are taught to do savings. Money saved during good times help to survive in bad times and this cannot be denied also that time never remains same. Moreover, what can be better than saving money in such a form that if after years you look at that amount, it is twice or thrice greater. I am talking about bitcoin here. Save money in the form of this digital asset.

Many people wait till problems arises before they start investing in digital asset while the case should be that they invest ahead of time because when it comes to savings, it is meant to be something that should be a saviors for us in the future in terms of bad condition like you said.

If the economy of the world goes bad, the only people that bitcoin would save then are those that has already invested in bitcoin prior to when the economic situation got worst and even the gold that we are talking about, people don’t look at saving or holding digital asset when there is crisis, they do more of spending because income becomes quite tight, so it is still those that invest now ahead of time that will still enjoy the economy in term of crisis of the world.

[Polo7]

As I predicted month ago... That Gold Price Will pop.    Now we witnessing that Gold is Down Today!!  


I dont think anyone here want to argue with me anymore about investments Economy and Global Financials.

[GideonGono]

You shouldn't use the situation or the stand of gold globally to measure that of Bitcoin. Gold has always been there and will continue to make impacts. Moreover, economic situation of a state can push people into adoption of Bitcoin too, look at the situation of Zimbabwe.

No, people would not go into digital things when they have ecnomic crisis. Just imagine, if you are so poor and worries about what can you eat tonight, will you put your last dollor into bitcoin?

Don't be too sure to judge yet, once the price of Bitcoin start to pump like it did in 2017, many people, even those who don't have the fund will do anything to get it.

They will need to sure their future of course and specially their liabilities and needs for them to save theirselves from crisis. It is good that the bitcoin introduce for compatible country which the industrialised country because they have some financial for crypto that will help to increase the price of bitcoin.

[NeironixNV]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

The world situation is ambiguous, so far everything is calm, but the US stock market is overheated, and in the long economic cycles of 10 years, we are approaching a new crisis time. I read at the Neitonix io, that China is now starting to speak positively about the crypt and promoting it to the masses, I think in the future Asia may become the financial center of the world, shifting the US to the background.

[Xxmodded]

You shouldn't use the situation or the stand of gold globally to measure that of Bitcoin. Gold has always been there and will continue to make impacts. Moreover, economic situation of a state can push people into adoption of Bitcoin too, look at the situation of Zimbabwe.

No, people would not go into digital things when they have ecnomic crisis. Just imagine, if you are so poor and worries about what can you eat tonight, will you put your last dollor into bitcoin?

Don't be too sure to judge yet, once the price of Bitcoin start to pump like it did in 2017, many people, even those who don't have the fund will do anything to get it.

They will need to sure their future of course and specially their liabilities and needs for them to save theirselves from crisis. It is good that the bitcoin introduce for compatible country which the industrialised country because they have some financial for crypto that will help to increase the price of bitcoin.

Economic situation only take care with their country self without think how economic situation on other country, better for other country never heard with US recommendation by adopting USD for every transaction from other country, why not move your transaction digital with bitcoin as currency payment, without inflation and your economic condition country on your hands.

[perfect999]

And do you think that by making use of Bitcoin these countries will become rich overnight and be better than other countries? You should use yourself as an example, how much have you made since you got into this? And I do know for sure that if you made lots of money, none of them were gotten for free, you must have invested money. Faucets are the only source of free money when it comes to cryptocurrency and majority of them are useless right now and not paying a reasonable amount of money.

The only thing is that cryptocurrency makes transactions fast, and cheap, if you think it is a magic currency that will make everyone become rich and make economy to start booming, then you're getting it wrong.