BTC Can show economy

[rollingdice]

if the btc not going up anytime soon in few months we are in real trouble...then the whole economy will collapse.

Could you explain it, please? Why will the economy collapse if Bitcoin goes down? Bitcoin isn't the world reserve currency or the store of wealth.

[cryptoboss2020]

Probably, but now, now, in fact, BTC is not the indicator of how the global economy shows. For example, is that during the pandemic in several months. the global economy faces some crisis. but the BTC price can make some increase in the market although it is not at a high rate.

..
if the BTC not going up anytime soon in a few months we are in real trouble...then the whole economy will collapse...

You may remember what happened to the price of BTC at the end of 2018 to 2019. the price of the BTC was in a very bearish situation. It was likely not going up. But the global economy didn't show the crisis or collapse at that time. Should we make the BTC price as an indicator?

2019 was crisis all ready just no panic yet 2020 it couldn hold on any longer and bubble poppped

[Shasha80]

Sorry, I don't agree that Bitcoin can show economy conditions, because not always when Bitcoin goes up it makes the economy healthy.
Or when Bitcoin is down, the economy will go down or collapse, if that happens it's just a coincidence. The proof is that now all countries
are experiencing a crisis economy and the stock market is also down, but Bitcoin shows an upward trend.So Bitcoin can't show economy.

[cryptoboss2020]

Sorry, I don't agree that Bitcoin can show economy conditions, because not always when Bitcoin goes up it makes the economy healthy.
Or when Bitcoin is down, the economy will go down or collapse, if that happens it's just a coincidence. The proof is that now all countries
are experiencing a crisis economy and the stock market is also down, but Bitcoin shows an upward trend.So Bitcoin can't show economy.

it can show it goes up coz the whales are manipulating with btc.
whales who got cash are wealthy indviduals and most wealthy indviduals have the most of the cash after economic bubble
remember rich stock holders sold their stocks just before the covid.

[maydna]

Probably, but now, now, in fact, BTC is not the indicator of how the global economy shows. For example, is that during the pandemic in several months. the global economy faces some crisis. but the BTC price can make some increase in the market although it is not at a high rate.

..
if the BTC not going up anytime soon in a few months we are in real trouble...then the whole economy will collapse...

You may remember what happened to the price of BTC at the end of 2018 to 2019. the price of the BTC was in a very bearish situation. It was likely not going up. But the global economy didn't show the crisis or collapse at that time. Should we make the BTC price as an indicator?

2019 was crisis all ready just no panic yet 2020 it couldn hold on any longer and bubble poppped

Yes, in 2019, we saw the crisis, but it's happening in the crypto, and not all economies in all countries have the same thing as in crypto. I wonder what will happen if the bubble popped, is it go down, or is it go up? Because these two option is what we have now. But I am sure that sooner or later, bitcoin price goes up more than the price now, and the bitcoin price will touch the new ATH, no matter if it happens this year or next year.

Sorry, I don't agree that Bitcoin can show economy conditions, because not always when Bitcoin goes up it makes the economy healthy.
Or when Bitcoin is down, the economy will go down or collapse, if that happens it's just a coincidence. The proof is that now all countries
are experiencing a crisis economy and the stock market is also down, but Bitcoin shows an upward trend.So Bitcoin can't show economy.

Yeah, bitcoin is not part of the economic conditions now (not yet). Bitcoin still stands alone without interfering with the economy, but bitcoin gives people a chance to make money. We see what bitcoin can do right now, and the trend still increases, so what we need now is the increases in the bitcoin price.

[Latviand]

It's probably more dependent on the US dollar psychologically I'd say.

But this time, during economic crisis, we felt some improvement in bitcoin's price although we are suffering this pandemic. It increases from $9k to $11.7k USD which is good for everyone.

How can you say that bitcoin can show economy?

So probably you're saying that whales can somehow help our economy grow if they want to, they are our hope towards economic success?

Bitcoin is more volatile depending on the factors that can affect it, somehow coincidences are happening in the market.

[cryptoboss2020]

It's probably more dependent on the US dollar psychologically I'd say.

But this time, during economic crisis, we felt some improvement in bitcoin's price although we are suffering this pandemic. It increases from $9k to $11.7k USD which is good for everyone.

How can you say that bitcoin can show economy?

So probably you're saying that whales can somehow help our economy grow if they want to, they are our hope towards economic success?

Bitcoin is more volatile depending on the factors that can affect it, somehow coincidences are happening in the market.

How can you say that bitcoin can show economy?

So probably you're saying that whales can somehow help our economy grow if they want to, they are our hope towards economic success?


what?  whales can not help economy !! omg ....i dont get it why u say this???
this is not my point here!


the whales are just rich indviduals with big cash period!!

[jackg]

It's probably more dependent on the US dollar psychologically I'd say.

But this time, during economic crisis, we felt some improvement in bitcoin's price although we are suffering this pandemic. It increases from $9k to $11.7k USD which is good for everyone.

How can you say that bitcoin can show economy?

So probably you're saying that whales can somehow help our economy grow if they want to, they are our hope towards economic success?

Bitcoin is more volatile depending on the factors that can affect it, somehow coincidences are happening in the market.

How can you say that bitcoin can show economy?

So probably you're saying that whales can somehow help our economy grow if they want to, they are our hope towards economic success?


what?  whales can not help economy !! omg ....i dont get it why u say this???
this is not my point here!


the whales are just rich indviduals with big cash period!!

Actually if we have a good cycle, medium sized positions (probably people with 2btc to 100btc will be looking to cash out into other places....

I'm planning on buying stocks when we're near what I assume will be the top of the market and buy back if we fall or find another way to accumulate the same btc.

The largest whales will just crash bitcoin by exiting though...

[Reatim]

Sorry, I don't agree that Bitcoin can show economy conditions, because not always when Bitcoin goes up it makes the economy healthy.
Or when Bitcoin is down, the economy will go down or collapse, if that happens it's just a coincidence. The proof is that now all countries
are experiencing a crisis economy and the stock market is also down, but Bitcoin shows an upward trend.So Bitcoin can't show economy.

it can show it goes up coz the whales are manipulating with btc.
whales who got cash are wealthy indviduals and most wealthy indviduals have the most of the cash after economic bubble
remember rich stock holders sold their stocks just before the covid.

And same effects will go with bitcoin, if whales push and manipulates the market, bitcoin value will without any effects with the economy.

We always needs to check the balance and how investors are following and supporting the assets, if more investors that will be interested inside then it will helps the economy.

But if there are just few wealthy people that decide the market it won't effect that much
Economy will continue to rise or fall depends from the people that surround it.

[cryptoboss2020]

and finally with all this we get to the point we start understood the world evertyhing is just manipulated,period.

to know this will take motivation to try to be successful, its like start playing cards and your opponent have way better cards then you.

[tbterryboy]

There is fundamental wrongs in the calculation. When the economy is down, bitcoin is not down all the time.

For example, there was a lot of money printed and stock markets could look great because those printed money did ended up in the pockets of the shareholders via the companies that got the money, but people are still unemployed.

The so called "richest country in the world" USA has record breaking unemployed rate right now and they are doing so bad that the government itself has to pay people to stay alive, companies are not paying wages that were already very low anyway and asking for government hand out.

Overall economy is terrible, yet somehow bitcoin is higher, which shows you that bitcoin can be up while economy is down, just not macro economy but the micro one.

[abhiseshakana]

There is fundamental wrongs in the calculation. When the economy is down, bitcoin is not down all the time.

For example, there was a lot of money printed and stock markets could look great because those printed money did ended up in the pockets of the shareholders via the companies that got the money, but people are still unemployed.

The so called "richest country in the world" USA has record breaking unemployed rate right now and they are doing so bad that the government itself has to pay people to stay alive, companies are not paying wages that were already very low anyway and asking for government hand out.

Overall economy is terrible, yet somehow bitcoin is higher, which shows you that bitcoin can be up while economy is down, just not macro economy but the micro one.

Even though bitcoin is not correlated with the economy in the real sector, in fact it does not stand the test of the pandemic, it is evident that bitcoin experienced a decline in price in March. The majority of people still have the view that cash is king and the king of fiat money is dollar. So that when a pandemic occurs people prefer to withdraw their investment and hold dollars for safety purposes.

The increase in the price of bitcoin is proof that crypto is still in demand amid a pandemic. In addition, government policies that have begun to accommodate cryptocurrencies have increased demand for bitcoin even though it has no direct influence on the price of bitcoin.

[Ucy]

I wonder what economy Op is referring to. Worldwide economy or his own particular economy? I really don't focus too much attention on overall economy for now. I tend focus more on available prices of goods and services in local markets and whether people are working or not. I am not sure if price of Bitcoin going up or down does affect anything in local markets especially the essentials. Things produced by the locals tend to be stable always while the factory made ones esp, from other states or countries tend to increase a bit in prices & this probably happened once or few times

[bearexin]

For some people bitcoin is bigger than what it actually is, people think that there is so much money in the world right now going into bitcoin that if price of bitcoin goes down a lot they would actually lose a ton of money and that means the whole world should lose money and think that if it affects them this much that means it should affect everyone that much and if everyone is affected as much as him that means world will go into economical collapse.

In reality there are not that many people who are interested in bitcoin, only a few people compared to total world population that is interested in bitcoin or crypto, and the ones who are interested are not all in, only a few of them are all in. Which means there would be some effected but it is a fraction of the world population.

[adzino]

Show economy? Like how? The rise and fall of the price of bitcoin no way indicates the economy of the world. Lets say a whale dumped all his holding, does this mean the economy is going bad? Let say everyone started to invest on bitcoin due to government making it legal and then the price started to skyrocket. So after passing the law, does this mean that the global economy is going up? Lets say the value of USD started to fall due to bad economy. You will see that the price of bitcoin is rising (which means that you can buy less bitcoin with more USD since the value of USD is now weak), which goes against your fact.

[cryptoboss2020]

Show economy? Like how? The rise and fall of the price of bitcoin no way indicates the economy of the world. Lets say a whale dumped all his holding, does this mean the economy is going bad? Let say everyone started to invest on bitcoin due to government making it legal and then the price started to skyrocket. So after passing the law, does this mean that the global economy is going up? Lets say the value of USD started to fall due to bad economy. You will see that the price of bitcoin is rising (which means that you can buy less bitcoin with more USD since the value of USD is now weak), which goes against your fact.

You and i think different i see but our toughts and world views comes from the experinces and knowledge we have in life.
i guess your knowledge and experinces are different then i have thats why youhave different opinon.
thats why all the people have different point of view of everything.


i do respect your opinion even if you are wrong thats not your fault its just the community or the experince what you have done where you been are that kind of that makes your opinion about things how write here on forum.
but im not aright person to tell anyone if they are wrong or right .....who i am??? im just newbie here;)

[cryptoboss2020]

Guys You replies doesnt make much sense here
Where is your knowledge Come from? From book?
School??  TV news???

My knowledge Come from real life That's Why I see things different and what I seen in my life is different then You Can learn in any school or read a book




Let me see at least one smart guy here and I Give You merit... Then Everybody Can look Up to him and learn from his knowhow...

[adzino]

Guys You replies doesnt make much sense here
Where is your knowledge Come from? From book?
School??  TV news???

My knowledge Come from real life That's Why I see things different and what I seen in my life is different then You Can learn in any school or read a book




Let me see at least one smart guy here and I Give You merit... Then Everybody Can look Up to him and learn from his knowhow...

Lol, you just quoted my answer and said that you respect peoples opinion, but look at you over here. Cute how you think knowledge from other sources (except real life experience) is all "fake". All those knowledge in books comes from your "real life".
Please provide us with facts that can support your claim - "BTC can show economy" instead of acting all cocky  .

[cryptoboss2020]

Guys You replies doesnt make much sense here
Where is your knowledge Come from? From book?
School??  TV news???

My knowledge Come from real life That's Why I see things different and what I seen in my life is different then You Can learn in any school or read a book




Let me see at least one smart guy here and I Give You merit... Then Everybody Can look Up to him and learn from his knowhow...

Lol, you just quoted my answer and said that you respect peoples opinion, but look at you over here. Cute how you think knowledge from other sources (except real life experience) is all "fake". All those knowledge in books comes from your "real life".
Please provide us with facts that can support your claim - "BTC can show economy" instead of acting all cocky  .

but btc is a asset... and assets are cheap when no money to buy it.thats how we know economy for me economy is how money is in circlelation.
i use to think like many guys here and i was wrong and now i undestood how it all works.

if i would knew 10 years ago what i know today right here and right now i would be rich and wealthy as hell by now:)

[cryptoboss2020]

Show economy? Like how? The rise and fall of the price of bitcoin no way indicates the economy of the world. Lets say a whale dumped all his holding, does this mean the economy is going bad? Let say everyone started to invest on bitcoin due to government making it legal and then the price started to skyrocket. So after passing the law, does this mean that the global economy is going up? Lets say the value of USD started to fall due to bad economy. You will see that the price of bitcoin is rising (which means that you can buy less bitcoin with more USD since the value of USD is now weak), which goes against your fact.

uhhhh.....not worthed even to comment this i tought i dont know nothing ...but men  honestly  read again and think over your comment here


specially what u said about value of USD and bad economy