Is Bitcoin capable to recover from Financial Crisis?

[shivamtrivedi9090]

Can people consider bitcoin as a shield against the Financial crisis?
 

No doubt, during the unexpected Covid Pandemic when the world economy is shrinking and the global economy in recession time after the 2nd world war, the Crypto market was on its boom and proven itself as the best currency of the world. Bitcoin jumped above $23,000 to a three-year high recently as a growing number of investors backed it as an alternative to other assets. Investors take their look at the bitcoin investments and its long-term benefits. Many people around the world choosing bitcoin investments because of its massive success.
 
But in spite of all these, Is it really capable to recover us from Financial Crisis?

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[Jawhead999]

Many people around the world choosing bitcoin investments because of its massive success.

Not at all time investors are get profit by investing in Bitcoin, especially for people who bought on the peaks.

Bitcoin can prevent from inflation on a country, valuable, and no single authority can control it. Not like fiat, everyday it will loss it value since a government can print money.

But I wouldn't say Bitcoin can recover from crisis or safe heaven asset, since it's high risk and volatile. Bitcoin is still fairly new and doesn't have much adoption, so invest what you can afford to lose.

[DeathAngel]

If you’re willing to hold bitcoin long term (and I mean for years) then you WILL make large profits. Too many people don’t have the required patience to be successful though, too many people sell when the price goes down & but when it goes up. Not everybody is cut out for crypto

[bandungan]

Can people consider bitcoin as a shield against the Financial crisis?
 

No doubt, during the unexpected Covid Pandemic when the world economy is shrinking and the global economy in recession time after the 2nd world war, the Crypto market was on its boom and proven itself as the best currency of the world. Bitcoin jumped above $23,000 to a three-year high recently as a growing number of investors backed it as an alternative to other assets. Investors take their look at the bitcoin investments and its long-term benefits. Many people around the world choosing bitcoin investments because of its massive success.
 
But in spite of all these, Is it really capable to recover us from Financial Crisis?

to recover from the global economic crisis using bitcoin is not possible. there is only restoring one's economy with bitcoin. so the influence of bitcoin in the economic recovery period is limited to individuals, not global

[BrewMaster]

it is not possible to say how bitcoin will react to a financial crisis but we have so many signs that point towards either not being affected or rising up a lot faster.

we know that bitcoin was created after one of the biggest global financial crisis in 2008 and we also saw how bitcoin worked out during the COVID financial crisis and even though this last one is not yet over we can see how bitcoin has been rising a lot faster than last year.

[Taskford]

Can people consider bitcoin as a shield against the Financial crisis?
 

No doubt, during the unexpected Covid Pandemic when the world economy is shrinking and the global economy in recession time after the 2nd world war, the Crypto market was on its boom and proven itself as the best currency of the world. Bitcoin jumped above $23,000 to a three-year high recently as a growing number of investors backed it as an alternative to other assets. Investors take their look at the bitcoin investments and its long-term benefits. Many people around the world choosing bitcoin investments because of its massive success.
 
But in spite of all these, Is it really capable to recover us from Financial Crisis?

You will be suffer for more financial crisis if you don't know things about Bitcoin since you still need to manage the risk, bitcoin is high volatile asset which can upset the newbie people who does not aware of possibilities but if you know the basic and enhance it then provably you can rely on bitcoin but don't make it as the main since for sure there are days come that you will not get a profit on it.

[mk4]

Only time will tell. But in the short-mid term, in my opinion bitcoin wouldn't do that well either. While institutional investors are slowly pouring in, safe to assume that a huge majority are still retail investors; and mostly, we all know that the majority aren't knowledgeable with investing hence could potentially be easily panicked through FUD and price drops.

[cr1776]

Bitcoin can help protect you and other people from the ravages of a financial crisis. That is protect you from the effects of inflation, confiscatory tax policies, and protect you from things like currency controls among many other things.. In short it can help protect you and your financial privacy which the authoritarians around the world don’t want people to have.

If a sufficient number of people protect themselves with bitcoin, then it can indeed help the world recover from a crisis because they will be free to act and have the assets to do so.

[Alucard1]

Bitcoin can help you in terms of the financial problem so basically, it will also help to solve the financial crisis, not all investors gain profit from investing because of the volatility of the bitcoin, some investors pull out their investment when the price goes down because of thinking that it could go zero, that is what some not too believer of bitcoin do, a strong believer of bitcoin will not pull it out whatever happens if you keep on investing for a long term then for sure you'll gain a lot of profit in the future.

[kentrolla]

Obviously, In general we do spend 100s of money for our own purpose invest in BTC trust me every penny counts here and give you 10times in return but you need to enter it in right time and wait patiently.

To be frank I used BTC money while Covid-19 and I believe the entire world was in financial crisis at this moment, where I literally felt very happy and this money was a life saviour in tough times. BTC is an absolute gem mate and your money is always safe and secure here.

[sapnu]

Can people consider bitcoin as a shield against the Financial crisis?
 

No doubt, during the unexpected Covid Pandemic when the world economy is shrinking and the global economy in recession time after the 2nd world war, the Crypto market was on its boom and proven itself as the best currency of the world. Bitcoin jumped above $23,000 to a three-year high recently as a growing number of investors backed it as an alternative to other assets. Investors take their look at the bitcoin investments and its long-term benefits. Many people around the world choosing bitcoin investments because of its massive success.
 
But in spite of all these, Is it really capable to recover us from Financial Crisis?

Bitcoin may help in terms of someone's financial crisis but during the time of pandemic, while it's still emerging, the value of bitcoin is still too low compare to what we have now that's why if you are thinking to use it as resolve in your financial crisis, it wouldn't be as effective as to what we have now. If you are looking forward to recover from financial crisis, then start finding a regular job. It might be hard for this time but that can assure you that you will regain all of your lost during the pandemic. Just be smart and wise with what you choose as a source of income.

[Rengga Jati]

Once you want to enter into the world of crypto and play Bitcoin or other cryptocurrencies, please don't just think about the income/earning/profits you can get. but also think about the risks that are likely to be. So the point is balanced regarding knowledge and readiness for both income and losses that may occur.

Can people consider bitcoin as a shield against the Financial crisis?

Basically, for me, it is, it really can. Bitcoin and other cryptocurrencies really can help me against this financial crisis during this pandemic.
However, will it also really work for others? Probably yes, but it may not be similar to others. Everyone has different chances and also ways to against their financial crisis. In fact, some people are here and being successful with cryptocurrencies, moreover those who are already for a longer time being here. But for newcomers, they may be successful but not all of them are. Some are losing their funds and not ready for the risks.
That is why if we want to really enter the crypto world, ensure that we want to learn first about the characteristic, knowledge, and also market of the cryptocurrencies. not only paying attention to the earning to get.

[ChiBitCTy]

"Is it capable to recover us from the financial recession".. Not really sure what you mean by this.  The simple answer is no, it has nothing to do with the recession or being able to fix it.  Secondly, at least in the United States, there currently is no recession.  Bitcoin is not the worlds best currency, technically, yet ( in my opinion ).  Recessions are caused by the fall of the GDP for two consecutive quarters..again, this has absolutely nothing to do with bitcoin or cryptocurrency.

[cryptomaniac_xxx]

 

Can people consider bitcoin as a shield against the Financial crisis?

This is really open for debate, I remember the Winklevoss twins, tweets saying that bitcoin is not an hedge to financial crisis, yet.

No doubt, during the unexpected Covid Pandemic when the world economy is shrinking and the global economy in recession time after the 2nd world war, the Crypto market was on its boom and proven itself as the best currency of the world. Bitcoin jumped above $23,000 to a three-year high recently as a growing number of investors backed it as an alternative to other assets. Investors take their look at the bitcoin investments and its long-term benefits. Many people around the world choosing bitcoin investments because of its massive success.

Covid scenario though is very different, and regardless, bitcoin will still rally this year because we just have the halving this year, probably it's just a coincidence that covid also strike this year. But in the last 8 months or so, bitcoin has recovered from the covid scare. So again with or without the pandemic, bitcoin will have a good price at the end of this year.

[kryptqnick]

Can people consider bitcoin as a shield against the Financial crisis?
 

No doubt, during the unexpected Covid Pandemic when the world economy is shrinking and the global economy in recession time after the 2nd world war, the Crypto market was on its boom and proven itself as the best currency of the world. Bitcoin jumped above $23,000 to a three-year high recently as a growing number of investors backed it as an alternative to other assets. Investors take their look at the bitcoin investments and its long-term benefits. Many people around the world choosing bitcoin investments because of its massive success.
 
But in spite of all these, Is it really capable to recover us from Financial Crisis?

It's not three-year high, it's all-time high, I believe. And initially Bitcoin didn't do great with the pandemic and the price fell down massively. But since Bitcoin has this advantage of being immaterial and independent of the traditional economy, it managed to recover pretty nicely and even reach new highs. However, Bitcoin is volatile, so it might go down anytime now, and might not reach similar highs for years. So it's not something to rely on, it's still very risky.

Not at all time investors are get profit by investing in Bitcoin, especially for people who bought on the peaks.

If someone bought even at $20k back at the beginning of 2018 and hodled till now, even this person is in profit now. There are probably many people who lost money investing in Bitcoin, but that's because they didn't hodl long enough.

[Latviand]

Many people around the world choosing bitcoin investments because of its massive success.

Not at all time investors are get profit by investing in Bitcoin, especially for people who bought on the peaks.

Bitcoin can prevent from inflation on a country, valuable, and no single authority can control it. Not like fiat, everyday it will loss it value since a government can print money.

But I wouldn't say Bitcoin can recover from crisis or safe heaven asset, since it's high risk and volatile. Bitcoin is still fairly new and doesn't have much adoption, so invest what you can afford to lose.

In bitcoin, you really need a lot of patience and knowledge so that you know how to deal with the market.

Inflation is really the problem in some countries due to the fact that this pandemic affected most of the businesses.

Bitcoin can somehow be the answer to that, to lessen their sufferings and to sustain our lives during the times when we can't go to work. It is really profitable, we can't deny that when bitcoin is in a bull run, we are really happy because of the amount of possible profits that we can have. Financial crisis is inevitable as governments are not that prepared to this kind of situation or events.

[Axelseseclevz]

If you talk about financial crisis globally, I think it's not. But for individual financial crisis it is capable to help as long as you have enough  knowledge about bitcoin and invest with patience.

[DarkDays]

Can people consider bitcoin as a shield against the Financial crisis?

have you not seen the effect the Pandemic had on Bitcoin? It hardly had any effect.
While the financial crisis hit every country fighting the pandemic, crypto and Bitcoin along with it suffered little if not gained even more strength.

The crypto space has been going strong despite all of this. The fact that gold is not longer the only option to store your capital meant that more people turned to Bitcoin to maintain and store their wealth.

[aysha9853]

a personal financial crisis can be a solution, but if a financial crisis in a certain country and cities I don't think I can, a financial crisis in a country is the responsibility of the government, and one more risk investing in bitcon or crypto has a high enough risk.

[Nhor1011]

Can people consider bitcoin as a shield against the Financial crisis?
 

No doubt, during the unexpected Covid Pandemic when the world economy is shrinking and the global economy in recession time after the 2nd world war, the Crypto market was on its boom and proven itself as the best currency of the world. Bitcoin jumped above $23,000 to a three-year high recently as a growing number of investors backed it as an alternative to other assets. Investors take their look at the bitcoin investments and its long-term benefits. Many people around the world choosing bitcoin investments because of its massive success.
 
But in spite of all these, Is it really capable to recover us from Financial Crisis?

During the pandemic bitcoin is very helpful and it helps a lot of people including me but I think the help that bitcoin can give is limited for individual financial needs. It will not help the financial crisis in the economy but I think if the government makes it legal and imposes taxes, it will probably help a little bit.