Role of the crypto in the incoming global crisis

[giuseppe.pizzica.57]

What do you expect will be the role of bitcoin and altcoin in the upcoming global economic crisis?
i mean i read on several sites that the only way to face the next economic crisis will be to freeze and withdraw some amount of private equities.
In your opinion will this lead to a massive adoption of crypto? given the fact that they are unseizable and in the end bitcoin was born right to face the crisis of the global market of the 2008?
If so what is the best altcoin to buy and hold for the next five years?

[Febo]

What do you expect will be the role of bitcoin and altcoin in the upcoming global economic crisis?
i mean i read on several sites that the only way to face the next economic crisis will be to freeze and withdraw some amount of private equities.
In your opinion will this lead to a massive adoption of crypto? given the fact that they are unseizable and in the end bitcoin was born right to face the crisis of the global market of the 2008?
If so what is the best altcoin to buy and hold for the next five years?

Bitcoin is not ready for wide adoption, so role will not be huge. But this economic crisis is very important for Bitcoins future. People will always point out to it when explaining why Bitcoin is needed.

[itsv]

in term of secure digital payments with low transaction fees the opportunity is huge. In term of mass adoption there is long road ahead as most governments won't use decentralized model. We may see some governments issuing  centralized crypto in the future.

[Viscore]

Crypto is here, it will be the people who should realize that crypto is a good alternative to help secure their money.

By putting their money in the bank alone, that will only be subject to inflation as there is a global crisis, it will be affected, but with crypto, as long as they choose the right coin with good liquidity, it could be a store of value and a good investment as well, they just need to be educated and must be willing to take a high risk investment.

[palle11]

What do you expect will be the role of bitcoin and altcoin in the upcoming global economic crisis?
i mean i read on several sites that the only way to face the next economic crisis will be to freeze and withdraw some amount of private equities.
In your opinion will this lead to a massive adoption of crypto? given the fact that they are unseizable and in the end bitcoin was born right to face the crisis of the global market of the 2008?
If so what is the best altcoin to buy and hold for the next five years?

First, the  bitcoin and altcoins would be a sure option to fiat in such time as we know that even now, bitcoin has been a choice because fiat has been termed as a source of further contact to covid-19.
For altcoins to invest on, I think after this hard time, many altcoins are likely to rise with bitcoin. So you have to wait and be ready to watch and invest in them when covid-19 is gone.

[Raflesia]

In times of crisis like this, of course we will see the same bad as the others bitcoin will become a role at times like this I think not because indeed this effect will be very comprehensive not just bitcoin and altcoin so all of that have their respective roles so we will see that reaction at covid-19 is because with the disappearance of this virus everything will return to normal.

For altcoin I'm not quite sure whether in 5 years will shine? but in bitcoin I believe in that role because this is the crypto spear of real bitcoin.
In this crisis does not guarantee that all will be good, all of it must be lost from this outbreak.

[krayzie32]

In times of crisis like this, of course we will see the same bad as the others bitcoin will become a role at times like this I think not because indeed this effect will be very comprehensive not just bitcoin and altcoin so all of that have their respective roles so we will see that reaction at covid-19 is because with the disappearance of this virus everything will return to normal.

For altcoin I'm not quite sure whether in 5 years will shine? but in bitcoin I believe in that role because this is the crypto spear of real bitcoin.
In this crisis does not guarantee that all will be good, all of it must be lost from this outbreak.

Currently the market is very unpredictable and certainly the investment needs during this period will be greatly reduced. I am not sure what will happen next, but all investors here need to consider carefully because the risk may occur at any time. Of course, this is also an opportunity to buy some cheap coins and make sure you can make a profit if everything returns to normal when the covid-19 officially ends.

[mahilchii]

We cannot leave crypto even if something happens in global crisis, only time will say the answers for all these stuff. Crypto currencies have huge potentials to reduce debit markets, also it has the capability to change an economy of a country. Just have a look on Venezuela how they changed the crisis of their Country that's how crypto is all about...Guys just believe in this crypto currency for a better tomorrow, believe me this is a precious asset...

[Akiko]

in term of secure digital payments with low transaction fees the opportunity is huge. In term of mass adoption there is long road ahead as most governments won't use decentralized model. We may see some governments issuing  centralized crypto in the future.

Government will also adopt blockchain but they want it to be in thier control thats why they will never support any crypto project we have now even bitcoin. Government hate decentralisation thats why they are planning to make thier own that can be usable for them .

But for persons hates government policy should support bitcoin and adopt it no matter what government say about negative issue we have in cryptospace.

[reallester]

What do you expect will be the role of bitcoin and altcoin in the upcoming global economic crisis?
i mean i read on several sites that the only way to face the next economic crisis will be to freeze and withdraw some amount of private equities.
In your opinion will this lead to a massive adoption of crypto? given the fact that they are unseizable and in the end bitcoin was born right to face the crisis of the global market of the 2008?
If so what is the best altcoin to buy and hold for the next five years?

I believe the masses would get to see the importance and advantages of crypto (bitcoin and altcoins) as a good means of digital and decentralized payment for goods and services. This is because I see a lot of companies adopting the cryptocurrency as a means of making sales and purchases from them. Hence, crypto will go a long way in the global crisis. But coming to global adoption, some countries still have problem with adopting a Decentralized system of money/payment. With this, it might take a while for cryptocurrency to properly achieve a global adoption.

[Slow death]

What do you expect will be the role of bitcoin and altcoin in the upcoming global economic crisis?

first we need to survive in this pandemic, then we will see what the impact will be on the economy. so far it is very difficult to make predictions of what will be in the future

If so what is the best altcoin to buy and hold for the next five years?

this Is another very complicated issue, altcoins depend a lot on bitcoin, when the bitcoin price increases a lot and stabilizes altcoins start to increase a lot also in relation to bitcoin. But leaving my opinion I think ETH is the best option

[hirngespenst]

We cannot leave crypto even if something happens in global crisis, only time will say the answers for all these stuff. Crypto currencies have huge potentials to reduce debit markets, also it has the capability to change an economy of a country. Just have a look on Venezuela how they changed the crisis of their Country that's how crypto is all about...Guys just believe in this crypto currency for a better tomorrow, believe me this is a precious asset...

I think you are expecting too much, mate. No doubt crypto has significant possibilities. But if the global crisis comes then crypto will have nothing to show! Look at the present condition, the world market is facing problems, isn't crypto too? Global means the whole world, crypto is not out of the global. Therefore crypto won't reduce the debit card things, crypto will have a different impact on the society!

[patz22]

I just read somewhere today about an article saying that Italy or a country is using blockchain to transport data. I would consider this as an adoption of crypto and not only that I think most of us will agree that it is safer now when it comes to sending and receiving money or making transaction. Online banking is good but you know at this kind of time, scammers will do their best to get your information wherein online banking is prone to that kind of thing.

[Shadowkipper]

I think it's the other way around that the global crisis will play a role on crypto rather than crypto somehow affect the global crisis.

[tabas]

If so what is the best altcoin to buy and hold for the next five years?

Why best altcoin? Bitcoin first than any 'best' altcoin base from others perspective. As you have understood this crash that we're getting in, everyone will start to think about how to save their wealth or even recover just to break even with their losses due to the devastation of covid19.
It is the best option.

[stomachgrowls]

What do you expect will be the role of bitcoin and altcoin in the upcoming global economic crisis?
i mean i read on several sites that the only way to face the next economic crisis will be to freeze and withdraw some amount of private equities.
In your opinion will this lead to a massive adoption of crypto? given the fact that they are unseizable and in the end bitcoin was born right to face the crisis of the global market of the 2008?
If so what is the best altcoin to buy and hold for the next five years?

Bitcoin is not ready for wide adoption, so role will not be huge. But this economic crisis is very important for Bitcoins future. People will always point out to it when explaining why Bitcoin is needed.

You're right! Lots of talks about this situation but come to think that BTC isnt really ready yet for such situation.We know on what we are currently facing on in talks of economic state but doesnt mean
that it will guarantee to correlate automatically into crypto's future. Lets hope for the possibility but we shouldnt expect much.

[nelson4lov]

I think it's the other way around that the global crisis will play a role on crypto rather than crypto somehow affect the global crisis.

In my opinion, Its the both ways – I mean the global pandemic crisis will sure play a role on the crypto space but at the same time, Crypto can play a crucial role as well.

– The current crisis has shown that all financial markets including crypto will suffer as investors tend to panic in trying times.

– On the other hand, Bitcoin has shown that it can play a vital role in the global markets as it can facilitate money transfers even at a time where banks are shutdown. People without online banking setups are on the losing end now. But thanks to crypto, funds can be transferred regardless of the location.

[Danslip]

I think it's the other way around that the global crisis will play a role on crypto rather than crypto somehow affect the global crisis.

As usual idealistic views will be popular due to the personal bias on the crypto society. If everyone stays at home and there is an opportunity for digitalization which is the heart of blockchain technologies. The line is to catch the opportunities in the crisis, whose who played well during the pandemic will be rewarded at the end of the "game". Sad things will happen, be prepared.

[Yamifoud]

We are in bad times today and much to see that crypto is very applicable to this time but somehow people never appreciate it much instead, they are still using fiat. This will means that crypto adoption is not ready for the thing like this and not totally acceptable to the community. For the 1 decade of its, it is enough to convince people to use crypto and also in all establishments. We are expecting that there is a high demand in the market but sadly, it drops and we are failed to think about how special it is in the situation that we have been limited to interact with another person.

[shinratensei_]

I think it's the other way around that the global crisis will play a role on crypto rather than crypto somehow affect the global crisis.

That means you must read this news https://cointelegraph.com/news/italian-bank-opens-bitcoin-trading-to-12-million-during-lockdown
I would like to call that if crypto will help the people from the countries are getting crisis caused by this virus instead use the global as its title. i think it will be more suitable to be seen by everyone.