Role of the crypto in the incoming global crisis

[Ziskinberg]

If our government is in crisis then we will experience the inflation, everyone of us living in such country be affected, but if we are smart enough, we can use crypto to safeguard our money, maybe it's volatile but this is quite better compared to seeing your money losing its value.

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[msarro]

2020 is a very difficult year for all entrepreneurs. of course running a business when the corona virus is spreading. make the world experience an economic crisis. I had earlier predicted that this year would be a very exciting year for crypto assets, especially ETH. but all vanished, after the plague struck. but I still believe that ETH will stay ahead in the next 5 years.

[matchi2011]

If our government is in crisis then we will experience the inflation, everyone of us living in such country be affected, but if we are smart enough, we can use crypto to safeguard our money, maybe it's volatile but this is quite better compared to seeing your money losing its value.

Its a good place to store your money if you do believe that future ahead for this investment currency will be better, the government that suffering from crisis will do everything to survive that's includes to devaluing their currency crypto is a good option if you are willing to take longer time frame.

[Kasabus]

If our government is in crisis then we will experience the inflation, everyone of us living in such country be affected, but if we are smart enough, we can use crypto to safeguard our money, maybe it's volatile but this is quite better compared to seeing your money losing its value.

Its a good place to store your money if you do believe that future ahead for this investment currency will be better, the government that suffering from crisis will do everything to survive that's includes to devaluing their currency crypto is a good option if you are willing to take longer time frame.

Crypto is a good store of value if you also believed in it and it will continue to grow but it will take more time for it to happen. Crypto is a good investment too but you won't make your own profits if you are afraid to take the risks. This global crisis we have right now is an eye opener to the people that crypto can be a good currency too which is more convenient to use compared to fiat.

[distr@yopmail.com]

If our government is in crisis then we will experience the inflation, everyone of us living in such country be affected, but if we are smart enough, we can use crypto to safeguard our money, maybe it's volatile but this is quite better compared to seeing your money losing its value.

Its a good place to store your money if you do believe that future ahead for this investment currency will be better, the government that suffering from crisis will do everything to survive that's includes to devaluing their currency crypto is a good option if you are willing to take longer time frame.

Crypto is a good store of value if you also believed in it and it will continue to grow but it will take more time for it to happen. Crypto is a good investment too but you won't make your own profits if you are afraid to take the risks. This global crisis we have right now is an eye opener to the people that crypto can be a good currency too which is more convenient to use compared to fiat.

all investments have risks, but crypto has a greater risk than investing in other assets. we all understand and understand how the crypto market has values ​​that move dynamically and can happen at any time. that means we can profit as well as loss in the investment planning that we do.

[Ziskinberg]

If our government is in crisis then we will experience the inflation, everyone of us living in such country be affected, but if we are smart enough, we can use crypto to safeguard our money, maybe it's volatile but this is quite better compared to seeing your money losing its value.

Its a good place to store your money if you do believe that future ahead for this investment currency will be better, the government that suffering from crisis will do everything to survive that's includes to devaluing their currency crypto is a good option if you are willing to take longer time frame.

The most powerful or one of the most powerful country which is US has printed infinite money in this crisis, this big businesses will soon suffer if they will still trust the fiat system, so I am expecting the sooner or in the long run, the adoption will grow as people will finally realize that crypto is not corrupt, their money will be safe here as long as we got a good adoption.

[okala]

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.

That is what they are planning to do by issue "central crypto in the future" but bitcoin is going to serve as digital gold. We are going to see surge in the bitcoin pricing. I strongly believe that that along the way bitcoin is going to be favour by traders and institutional investors. I see governments reducing their war against the cryptocurrencies as the paper money has failed us.

[leea-1334]

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.

A bit of old news but for me,,, banks doing that does not help anyone adopt crypto, it only makes it easier for them.

And come on,,, do we really need banks to tell us we can use crypto for us to use it? This is the role of the banks for crypto, not the role for crypto to bring people closer. Crypto already does that, P2P!

[ethereumhunter]

I think the role of bitcoin and altcoin is to be an alternative payment system besides using fiat money or the other digital money. But it seems, people still afraid to use crypto as the payment system because of the volatility that will always happen every day. The massive adoption of crypto will happen if people open their eyes that a new digital payment that can be used for their daily life has present for them. I don't know which is the best altcoin to buy and hold for the next five years because the altcoin follows bitcoin price, but I can suggest you buy bitcoin and hold it for the next five years.

[Bezobraznike]

I think the role of bitcoin and altcoin is to be an alternative payment system besides using fiat money or the other digital money. But it seems, people still afraid to use crypto as the payment system because of the volatility that will always happen every day. The massive adoption of crypto will happen if people open their eyes that a new digital payment that can be used for their daily life has present for them. I don't know which is the best altcoin to buy and hold for the next five years because the altcoin follows bitcoin price, but I can suggest you buy bitcoin and hold it for the next five years.

   In some point fiat will disappear, crypto-currencies will be the main payment system, global payment system and much more. It's
clear that many crypto-currencies are not ready for the mass usage, they still need further development.
   Crypto-currencies are the future, current global crisis will contribute to crypto-currencies mass adoption. That's not going to happen
in few days or weeks, it will be a long process that can last for years.

[Gheka]

If our government is in crisis then we will experience the inflation, everyone of us living in such country be affected, but if we are smart enough, we can use crypto to safeguard our money, maybe it's volatile but this is quite better compared to seeing your money losing its value.

Well, the economy has plunged and started to fall into crisis with this disease, the value of currencies in countries can be severely devalued when companies and economic activities cannot take place, the idea of finding a place to store our currency is really an urgent solution, crypto can play such a role when it has demonstrated recovery and can increase prices sharply. But one disadvantage is that it is a virtual asset and difficult to control, I feel that gold will be safer when many crises and inflation have passed, gold has never been seriously depreciated

[FanEagle]

If we can achieve something literally right now, while the whole world is in danger and people are afraid of going out, this is the time we can do it, that way we can see crypto in a much much bigger role. If we can't take advantage of this situation, that means we are really not going to see anything prosper anytime soon neither, we are just going to see regular crypto continue like nothing happened at all.

Hopefully, we will get more of a return to bitcoin in the upcoming weeks or at least when corona is gone, but same people coming back together constantly is really not a big deal, we need to actually get a much better situation honestly and this is not it, we need more people and more money, we need people who are brand new to the market and money that never would have gone to crypto.

[Reatim]

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

what do you mean upcoming?it is already happening if you don't care checking news everyday,world is in crisis since the Mid of march.

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.

where have you read this?and do you think it is really helpful?

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?

actually same question had been on the forum over and over since this pandemic starts to worsen the economy of the world but still we are waiting for this to take effect,but i have a feeling Crypto will really help the world this future.

[jahepahit]

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?

The important role of bitcoin in the economic crisis is that increasingly users and all people understand the meaning of investment for the future. because what happened was a crisis of trust from users who invested in the sacrifice. but now, we also face an economic crisis caused by viruses. but actually economic turnaround is still good.

[distr@yopmail.com]

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?

The important role of bitcoin in the economic crisis is that increasingly users and all people understand the meaning of investment for the future. because what happened was a crisis of trust from users who invested in the sacrifice. but now, we also face an economic crisis caused by viruses. but actually economic turnaround is still good.

at the moment I think many people or large investors have already withdrawn some of their money from the crypto market. because as you know, the impact of this epidemic is huge for the world economy. especially for large companies that are connected with several countries. of course, they are the hardest because their efforts must be stopped for a while.

[barbara44]

Global payment has always been a great deal of income resource for the whole world when it happens.

For example, let's say the whole world is in big trouble right now, it actually is but just assume what nations will do, when USA prints out money their nation is not going to suffer from it, they are very strong and will keep forcing other nations and buy stuff and make them buy stuff as well, so basically everything will continue just a bit worse for them but not world changing, what happens to third world nation that can't do that? They will be basically in big inflation and their money will become worthless against dollar if they print some more.

What can crypto do? They can simply work for that american company remotely and make american wages or even less and still live a good life.

[Magkirap]

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?

The important role of bitcoin in the economic crisis is that increasingly users and all people understand the meaning of investment for the future. because what happened was a crisis of trust from users who invested in the sacrifice. but now, we also face an economic crisis caused by viruses. but actually economic turnaround is still good.

at the moment I think many people or large investors have already withdrawn some of their money from the crypto market. because as you know, the impact of this epidemic is huge for the world economy. especially for large companies that are connected with several countries. of course, they are the hardest because their efforts must be stopped for a while.

Yes that is the reason why cryptocurrency is made for time like this, the money we invested in crypto some time ago might increase depends on the market trend of the certain crypto and we can use it to sustain our needs now where jobs and companies are paralyzed by the virus. After this virus ends we can surely see the huge damaged of it to our economy and it will take some time to recover so our crypto will sustain us while we are still struggling earning money the way we used to. Now i hipe people will consider adopting cryptocurrency in their lives so that they can always be prepared.

[Esterklu]

I do not think crypto will be widely used as an investment during this crisis, but it can be more used as a  payment method. Anonymous cryptocurrencies are also likely to grow in popularity.

[fullhdpixel]

If that Italian bank can actually make people start to deal with bitcoin, that could change SO MUCH for us.

The ideal scenario for us is that a bank will allow it, the users of that bank will get to learn about what bitcoin is and how it can be used without touching anything, the shops that work with that bank will learn how to accept bitcoin but have euro on their bank account using QR code system (so if you spend bitcoin on their shop, they can either get bitcoin or euro depending on what they want) and suddenly it will get bigger and bigger, shops will start to ask "cash or card or bitcoin?" to people and many more people will start to hear about it and learn that you can pay without touching anything and it will get bigger than just Italy and go to whole Europe! Of course that is just the optimum best what can happen, I doubt it will be like that.

[Kelvinid]

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 hope this could be a way to open up the mind of the people around us and appreciate crypto not only for investment but as a currency as well. This will give them an option to adopt the system or remain to the old one. The current market situation makes people acquire an online payment system which I believe that crypto is the solution for it but somehow, we can neglect that people are still not ready for this nor the other big establishment as well. Even we think that this time will see massive crypto users but still, we can't due to some barriers and truth is that we are not ready for crypto adoption.