Big test for Bitcoin during the next Economic Collapse.

[Wind_FURY]

I am starting to believe that Satoshi created Bitcoin for what’s coming next, or might come next. Because of the COVID-19 pandemic, I’m not sure about the rest of the countries, but the United Stated Federal Reserve prrrrinted inordinate amounts of U.S. Dollars to stimulate the economy, with plans to print trillions more under President Biden. All the prrrrinting and a falling GDP MIGHT be the seeds for the worst situation of an Economic Crisis. HYPERINFLATION.

Bitcoin has been criticized as a medium “for speculation”. Big test. Is it just merely “for speculation”, or an actual “safe haven”? Will Bitcoin crash together with the rest of the economy, or will everyone run to it as a Store of Value?

Thats the million dollar question.  I think we are headed towards a huge long recession in the US and I think all financial instruments will suffer.  Less fresh money in the field will slow the gas throwing on this fire we got going right now.  These covid benefits everyone is getting is proving up the economy right now wont be lime that after this year.  Hope I'm wrong though

But there will be a long period of BRRR money printing to pump the economy, and try to sustain an unsustainable situation. For Bitcoin, 2013, 2017 was when each bull market cycle ended, then 2021 is projected next. I believe there will be an extended Bitcoin bull market cycle that will go through 2023 because of the money printing, the institutions hedging into Bitcoin, and it’s simply Bitcoin’s time.

[tbterryboy]

It is better to have the same portion in bitcoin and gold
That will give you more chances to make money or having two types of investment. And if the economy is crash or hyperinflation, people will search for the other way that can make them feel save. Maybe they will move to bitcoin or gold or another thing that we do not know. But if they move to bitcoin or cryptocurrency, that will be good for us because we already have bitcoin and altcoin.

I do not think that in 2021 you should still invest into gold, that is a very old investment that still goes on because there are old people but the amount of young people that invest into gold is getting smaller and smaller, with less things to be done with gold as well that means we are going to end up with a lot less people interested in buying gold and that may even drop the price of gold eventually as well. This is why I do not think that anyone should care about gold investments from now on.

This is not just because I think Bitcoin is great, obviously I believe that but you could still invest into other stuff as well, look at how Tesla became super big very quickly, how? Because, that is the new tech and new thing to invest, go find stuff like that which would be basically bringing the future to present and you will make a lot of money from that.

[uneng]

It is better to have the same portion in bitcoin and gold
That will give you more chances to make money or having two types of investment. And if the economy is crash or hyperinflation, people will search for the other way that can make them feel save. Maybe they will move to bitcoin or gold or another thing that we do not know. But if they move to bitcoin or cryptocurrency, that will be good for us because we already have bitcoin and altcoin.

I do not think that in 2021 you should still invest into gold, that is a very old investment that still goes on because there are old people but the amount of young people that invest into gold is getting smaller and smaller, with less things to be done with gold as well that means we are going to end up with a lot less people interested in buying gold and that may even drop the price of gold eventually as well. This is why I do not think that anyone should care about gold investments from now on.

This is not just because I think Bitcoin is great, obviously I believe that but you could still invest into other stuff as well, look at how Tesla became super big very quickly, how? Because, that is the new tech and new thing to invest, go find stuff like that which would be basically bringing the future to present and you will make a lot of money from that.

Gold is a precious metal, a very scarce physical asset and very stable, a good option for who wants a safe option without much volatility. I don't think it's going to become an useless investment as you can't keep printing gold and can't find it easily by yourself digging around, although at same time it won't return you high profit margins, because it's just a stable investment after all.

To invest in innovative and technological assets is the best idea nowadays, but reserve a percentage of your total bankroll for traditional assets like gold too, it's a safety measure which shouldn't be neglected.

[nicecrypto]

I am starting to believe that Satoshi created Bitcoin for what’s coming next, or might come next. Because of the COVID-19 pandemic, I’m not sure about the rest of the countries, but the United Stated Federal Reserve prrrrinted inordinate amounts of U.S. Dollars to stimulate the economy, with plans to print trillions more under President Biden. All the prrrrinting and a falling GDP MIGHT be the seeds for the worst situation of an Economic Crisis. HYPERINFLATION.

Bitcoin has been criticized as a medium “for speculation”. Big test. Is it just merely “for speculation”, or an actual “safe haven”? Will Bitcoin crash together with the rest of the economy, or will everyone run to it as a Store of Value?

It is too early to tell but so far I have liked the performance of bitcoin under the current circumstances, when people realized that the pandemic was not going to be contained and it was going to move all around the world and we did not had answers to how dangerous it could be the stock market went down and the same happened to bitcoin, but since then its performance has been incredible and thanks to all the money that is being printed and that it is going to keep being printed then it is safe to say that the price of bitcoin is going to keep going up even without hyperinflation.

So I am guessing if there is a collapse of the world economy this might likely affect Bitcoin as well since this as you pointed out was the effect when the stock market went down. So, where is the new money going to come from that will keep the price of Bitcoin pumping if the world economy is in crisis? Also we can think because there is no new money coming in then those that already have the assets will not let it go for a lower price hence the price will continue to surge, I guess time will tell what will happen. 

[ven7net]

I am starting to believe that Satoshi created Bitcoin for what’s coming next, or might come next. Because of the COVID-19 pandemic, I’m not sure about the rest of the countries, but the United Stated Federal Reserve prrrrinted inordinate amounts of U.S. Dollars to stimulate the economy, with plans to print trillions more under President Biden. All the prrrrinting and a falling GDP MIGHT be the seeds for the worst situation of an Economic Crisis. HYPERINFLATION.

Bitcoin has been criticized as a medium “for speculation”. Big test. Is it just merely “for speculation”, or an actual “safe haven”? Will Bitcoin crash together with the rest of the economy, or will everyone run to it as a Store of Value?

I believe that there is a strong possibility that Bitcoin was created to solve the problems associated with the dollar. In other words, the dollar has already been printed a lot and this will only continue, which sooner or later will lead, as you already mentioned, to hyperinflation. If this happens, then many people and companies will simply lose their funds. BTC gives you a chance to preserve your savings and assets, but it is just one of the assets that can be used in anticipation of this. If you decide to transfer all your funds to BTC, then do not forget about risk diversification and better distribute your funds into different assets.

[oHnK]

I am starting to believe that Satoshi created Bitcoin for what’s coming next, or might come next. Because of the COVID-19 pandemic, I’m not sure about the rest of the countries, but the United Stated Federal Reserve prrrrinted inordinate amounts of U.S. Dollars to stimulate the economy, with plans to print trillions more under President Biden. All the prrrrinting and a falling GDP MIGHT be the seeds for the worst situation of an Economic Crisis. HYPERINFLATION.

Bitcoin has been criticized as a medium “for speculation”. Big test. Is it just merely “for speculation”, or an actual “safe haven”? Will Bitcoin crash together with the rest of the economy, or will everyone run to it as a Store of Value?

I believe that there is a strong possibility that Bitcoin was created to solve the problems associated with the dollar. In other words, the dollar has already been printed a lot and this will only continue, which sooner or later will lead, as you already mentioned, to hyperinflation. If this happens, then many people and companies will simply lose their funds. BTC gives you a chance to preserve your savings and assets, but it is just one of the assets that can be used in anticipation of this. If you decide to transfer all your funds to BTC, then do not forget about risk diversification and better distribute your funds into different assets.

The biggest problem that the world is always afraid of is hyperinflation.  When the Central Bank is unable to carry out its duties in maintaining the stability of the country's economy.  In the past, it was not that easy to print money.  The money that is printed is guaranteed by gold, while at this time the money is printed at will and there will come a time when the money that is printed will not be as valuable as its face value, and is not feasible like ordinary paper.  This is the great thing that Bitcoin was created to fight inflation, for me in the future this will be needed by everyone as part of their portfolio to protect the value of the assets they have.

[LUCKMCFLY]

I am starting to believe that Satoshi created Bitcoin for what’s coming next, or might come next. Because of the COVID-19 pandemic, I’m not sure about the rest of the countries, but the United Stated Federal Reserve prrrrinted inordinate amounts of U.S. Dollars to stimulate the economy, with plans to print trillions more under President Biden. All the prrrrinting and a falling GDP MIGHT be the seeds for the worst situation of an Economic Crisis. HYPERINFLATION.

Bitcoin has been criticized as a medium “for speculation”. Big test. Is it just merely “for speculation”, or an actual “safe haven”? Will Bitcoin crash together with the rest of the economy, or will everyone run to it as a Store of Value?

I believe that there is a strong possibility that Bitcoin was created to solve the problems associated with the dollar. In other words, the dollar has already been printed a lot and this will only continue, which sooner or later will lead, as you already mentioned, to hyperinflation. If this happens, then many people and companies will simply lose their funds. BTC gives you a chance to preserve your savings and assets, but it is just one of the assets that can be used in anticipation of this. If you decide to transfer all your funds to BTC, then do not forget about risk diversification and better distribute your funds into different assets.

The biggest problem that the world is always afraid of is hyperinflation.  When the Central Bank is unable to carry out its duties in maintaining the stability of the country's economy.  In the past, it was not that easy to print money.  The money that is printed is guaranteed by gold, while at this time the money is printed at will and there will come a time when the money that is printed will not be as valuable as its face value, and is not feasible like ordinary paper.  This is the great thing that Bitcoin was created to fight inflation, for me in the future this will be needed by everyone as part of their portfolio to protect the value of the assets they have.

Not only to combat hyperinflation, or whatever the solution to a disaster of any kind, bitcoin was created to bypass all prohibitions either from governments and banks, where the person manages their money because it is their money, and should not ask permission to any bank or government to move your money.

One of the reasons why Bitcoin exists is for freedom, to be free in every sense and more economically and that financial freedom is not so impossible to achieve.

The positive effects are seen in countries with high inflation, who has Bitcoin to live on can do well without worrying much, in fact, in global eventualities such as the covid-19 pandemic, bitcoin has been one of the strongest compared to several Speculative markets, some gold investors have sold it and bought bitcoin, that means that the potential they see is unique to have it saved in the face of any eventuality of world catastrophe.

[Argoo]

We see that over the past year, when all states began to fight the coronavirus pandemic and the consequences of this struggle began to negatively affect all economies without exception, which, in turn, increased world inflationary processes, bitcoin attracted a lot of people's attention as a non-inflationary means. This is one of several reasons why Bitcoin and cryptocurrency in general are soaring in popularity and price. Therefore, I do not think that Bitcoin still has to be tested during the global economic crisis. We can already say that he successfully passed this test.

[adzino]

I believe that there is a strong possibility that Bitcoin was created to solve the problems associated with the dollar. In other words, the dollar has already been printed a lot and this will only continue, which sooner or later will lead, as you already mentioned, to hyperinflation. If this happens, then many people and companies will simply lose their funds. BTC gives you a chance to preserve your savings and assets, but it is just one of the assets that can be used in anticipation of this. If you decide to transfer all your funds to BTC, then do not forget about risk diversification and better distribute your funds into different assets.

Yeah, printing money isn't good and might cause inflation. But I am sure the government and economist are aware of this. The printing is done in a systematic way so that it doesn't cause "much" of a disturbance in the economy. The inflation that is going on is more like a "controlled" inflation. True, in the long run it might cause an issue, but that if that happens, measures will be taken. So probably a fiat system similar to bitcoin might be taken into consideration.
Do you really think it's worth it if you convert all your assets to bitcoin but just to only exchange it back to fiat? The currency that you were afraid of being destroyed due to inflation?

[Taskford]

I believe that there is a strong possibility that Bitcoin was created to solve the problems associated with the dollar. In other words, the dollar has already been printed a lot and this will only continue, which sooner or later will lead, as you already mentioned, to hyperinflation. If this happens, then many people and companies will simply lose their funds. BTC gives you a chance to preserve your savings and assets, but it is just one of the assets that can be used in anticipation of this. If you decide to transfer all your funds to BTC, then do not forget about risk diversification and better distribute your funds into different assets.

Yeah, printing money isn't good and might cause inflation. But I am sure the government and economist are aware of this. The printing is done in a systematic way so that it doesn't cause "much" of a disturbance in the economy. The inflation that is going on is more like a "controlled" inflation. True, in the long run it might cause an issue, but that if that happens, measures will be taken. So probably a fiat system similar to bitcoin might be taken into consideration.

I think it depends on what is the current economic state and what is the big reason why they really need to do this since if some part of it will go to corraption then their currency will get devalued. Look at what happen on venezuela their economy has been hyper inflated which is so bad unto them, but if this was done with proper plan and have good back ups maybe the sudden fall will just temporarily effect and it will be changed when this one will properly distributee and be used for economical matters.

[AndySt]

We see that over the past year, when all states began to fight the coronavirus pandemic and the consequences of this struggle began to negatively affect all economies without exception, which, in turn, increased world inflationary processes, bitcoin attracted a lot of people's attention as a non-inflationary means. This is one of several reasons why Bitcoin and cryptocurrency in general are soaring in popularity and price. Therefore, I do not think that Bitcoin still has to be tested during the global economic crisis. We can already say that he successfully passed this test.

I would not be so confident and so complacent and would like to remind you about the collapse of the bitcoin price at the beginning of the pandemic. I would rather say that Bitcoin has successfully passed its first exam as a defensive asset The pandemic has not gone away yet, and new waves continue to roll over the lives and economies of states, forcing central banks to continue printing more and more money. But no one knows for sure how the exchange rate price of bitcoin will behave when such government programs are curtailed, and there is a fear of seeing the collapse of the bitcoin price then.

[Argoo]

We see that over the past year, when all states began to fight the coronavirus pandemic and the consequences of this struggle began to negatively affect all economies without exception, which, in turn, increased world inflationary processes, bitcoin attracted a lot of people's attention as a non-inflationary means. This is one of several reasons why Bitcoin and cryptocurrency in general are soaring in popularity and price. Therefore, I do not think that Bitcoin still has to be tested during the global economic crisis. We can already say that he successfully passed this test.

I would not be so confident and so complacent and would like to remind you about the collapse of the bitcoin price at the beginning of the pandemic. I would rather say that Bitcoin has successfully passed its first exam as a defensive asset The pandemic has not gone away yet, and new waves continue to roll over the lives and economies of states, forcing central banks to continue printing more and more money. But no one knows for sure how the exchange rate price of bitcoin will behave when such government programs are curtailed, and there is a fear of seeing the collapse of the bitcoin price then.

In the initial period of the official announcement of the spread of the then epidemic of coronavirus, the price of bitcoin fell for other reasons and they were not associated with the emergence of the threat of global global inflation. In March last year, people just got scared and began to make food supplies and other preparations for isolation, which required a sharp increase in cash expenditures. Therefore, they partially sold their investments in cryptocurrency and it quickly began to fall in price. When we entered the pandemic, the cryptocurrency, and above all bitcoin, has only been strengthening and growing since that time. This growth was especially noted precisely when there was a real danger of the onset of the global economic crisis.

[ice098]

I would not be so confident and so complacent and would like to remind you about the collapse of the bitcoin price at the beginning of the pandemic. I would rather say that Bitcoin has successfully passed its first exam as a defensive asset The pandemic has not gone away yet, and new waves continue to roll over the lives and economies of states, forcing central banks to continue printing more and more money. But no one knows for sure how the exchange rate price of bitcoin will behave when such government programs are curtailed, and there is a fear of seeing the collapse of the bitcoin price then.

Nobody wanted this pandemic to started anyway if only people could changed what had happen and choose what should happen for sure this pandemic would never be chosen. We never expected it because it cost so much on every countries economy, it cost people's lives, unemployment and poverty. But one thing for me is sure that a good thing happen was cryptocurrency began to make a landmark, to be introduced to many, and able to make to raised values into a new ATH. However, we are now concerning on exchange rate price might have also increase over in time.

[sapnu]

I am starting to believe that Satoshi created Bitcoin for what’s coming next, or might come next. Because of the COVID-19 pandemic, I’m not sure about the rest of the countries, but the United Stated Federal Reserve prrrrinted inordinate amounts of U.S. Dollars to stimulate the economy, with plans to print trillions more under President Biden. All the prrrrinting and a falling GDP MIGHT be the seeds for the worst situation of an Economic Crisis. HYPERINFLATION.

Bitcoin has been criticized as a medium “for speculation”. Big test. Is it just merely “for speculation”, or an actual “safe haven”? Will Bitcoin crash together with the rest of the economy, or will everyone run to it as a Store of Value?

Well as you can see, bitcoin at first was just used merely for speculation, but as time passes by, its use keeps on changing and now it is becoming more of a safe haven for huge institution and even government organizations at some point. It may be considered as a smart move by satoshi if ever bitcoin becomes compatible as a stabilizer or a tool for survival in the economic struggle the world may face as the consequences of this pandemic. If ever that is the case, it would be best that we prepare ourselves through investing in bitcoin and making sure that we can secure our future whenever the trouble comes for all of us.

[Lorence.xD]

Nobody wanted this pandemic to started anyway if only people could changed what had happen and choose what should happen for sure this pandemic would never be chosen. We never expected it because it cost so much on every countries economy, it cost people's lives, unemployment and poverty. But one thing for me is sure that a good thing happen was cryptocurrency began to make a landmark, to be introduced to many, and able to make to raised values into a new ATH. However, we are now concerning on exchange rate price might have also increase over in time.

No one really expected that the pandemic will last this long and most governments don't have any measures when there is a pandemic, imagine if there was a reserve and there was an appropriate response, I am pretty sure that this pandemic isn't going to last that long.

[iv4n]

I am starting to believe that Satoshi created Bitcoin for what’s coming next, or might come next. Because of the COVID-19 pandemic, I’m not sure about the rest of the countries, but the United Stated Federal Reserve prrrrinted inordinate amounts of U.S. Dollars to stimulate the economy, with plans to print trillions more under President Biden. All the prrrrinting and a falling GDP MIGHT be the seeds for the worst situation of an Economic Crisis. HYPERINFLATION.

Bitcoin has been criticized as a medium “for speculation”. Big test. Is it just merely “for speculation”, or an actual “safe haven”? Will Bitcoin crash together with the rest of the economy, or will everyone run to it as a Store of Value?

Thats the million dollar question.  I think we are headed towards a huge long recession in the US and I think all financial instruments will suffer.  Less fresh money in the field will slow the gas throwing on this fire we got going right now.  These covid benefits everyone is getting is proving up the economy right now wont be lime that after this year.  Hope I'm wrong though

But there will be a long period of BRRR money printing to pump the economy, and try to sustain an unsustainable situation. For Bitcoin, 2013, 2017 was when each bull market cycle ended, then 2021 is projected next. I believe there will be an extended Bitcoin bull market cycle that will go through 2023 because of the money printing, the institutions hedging into Bitcoin, and it’s simply Bitcoin’s time.

They are printing money like that can solve any problem... but in reality, that money is the problem! To start from creating money, how they do it, how they distribute it, is all one big circus! Maybe in the beginning that system was honest and fair (maybe), but along the way, the system becomes so corrupted, and now there's no cure for it! We can only remove it and implement some better system, that can serve all the people, not just some!

It's evolution, with internet and crypto people of the world can unite! We don't need to listen to our politicians anymore, they lied to us, they still do... they make this world so complicated for one reason, so they can continue to rule! Well, the time of kings and queens is long gone, so I assume the end of politicians and banks is coming to an end too... with smart contracts we don't need their administration and their "help"!

So I am guessing that was Satoshi's vision, to unite people... it's the only way to change the system globally! Not just one province, country, to change the whole world! We needed some tools for that, and as I said... the first internet and now crypto, two basic tools that we need if we want to do anything! And look as the prices are growing we are all stronger, every year... more people are joining and something is going on, something big!

[blckhawk]

I would not be so confident and so complacent and would like to remind you about the collapse of the bitcoin price at the beginning of the pandemic. I would rather say that Bitcoin has successfully passed its first exam as a defensive asset The pandemic has not gone away yet, and new waves continue to roll over the lives and economies of states, forcing central banks to continue printing more and more money. But no one knows for sure how the exchange rate price of bitcoin will behave when such government programs are curtailed, and there is a fear of seeing the collapse of the bitcoin price then.

Nobody wanted this pandemic to started anyway if only people could changed what had happen and choose what should happen for sure this pandemic would never be chosen. We never expected it because it cost so much on every countries economy, it cost people's lives, unemployment and poverty. But one thing for me is sure that a good thing happen was cryptocurrency began to make a landmark, to be introduced to many, and able to make to raised values into a new ATH. However, we are now concerning on exchange rate price might have also increase over in time.

Indeed, because of this pandemic which really hit hard the economy every each country and so for the stock market, crypto prevails as it became somehow a safe haven for large institutions. Now they have understood that any economic crisis will not directly affect crypto. It sure did cause a lot of damage but this became an opportunity for crypto especially Bitcoin to shine up to any other assets. But yeah exchange price rate could also be alarming if it increases over time.

[goldade]

I am starting to believe that Satoshi created Bitcoin for what’s coming next, or might come next. Because of the COVID-19 pandemic, I’m not sure about the rest of the countries, but the United Stated Federal Reserve prrrrinted inordinate amounts of U.S. Dollars to stimulate the economy, with plans to print trillions more under President Biden. All the prrrrinting and a falling GDP MIGHT be the seeds for the worst situation of an Economic Crisis. HYPERINFLATION.

Bitcoin has been criticized as a medium “for speculation”. Big test. Is it just merely “for speculation”, or an actual “safe haven”? Will Bitcoin crash together with the rest of the economy, or will everyone run to it as a Store of Value?

Well, that is one benefit or should I say advantage that bitcoin has over fiat currencies.  Bitcoin has a fixed supply of 21millioj coins and more cannot be created by anybody which makes it deflationary.
With the hyperinflation going on in the USA, it would affect their economy and that would mean that bitcoin would then become the 'saviour' currency.
It's only a matter of time before everyone realises that fiat currencies are losing value everyday while bitcoin, over time, increase in value.

[darewaller]

I am starting to believe that Satoshi created Bitcoin for what’s coming next, or might come next. Because of the COVID-19 pandemic, I’m not sure about the rest of the countries, but the United Stated Federal Reserve prrrrinted inordinate amounts of U.S. Dollars to stimulate the economy, with plans to print trillions more under President Biden. All the prrrrinting and a falling GDP MIGHT be the seeds for the worst situation of an Economic Crisis. HYPERINFLATION.

Bitcoin has been criticized as a medium “for speculation”. Big test. Is it just merely “for speculation”, or an actual “safe haven”? Will Bitcoin crash together with the rest of the economy, or will everyone run to it as a Store of Value?

I believe there won't be a next economic collapse that we haven't seen before. There is an economic collapse once a decade and people are now used to it, I feel like we know what to do when that happens. I have literally got myself ready for the next one already, if the economy crashes like it always does, I will be ready for it (thanks to bitcoin).

Just stay in bitcoin and you will be fine. I do not get why people are always worried about what is going on with the stock markets and GDP and all those things, it will get worse and worse. You may have very rich people, you may have the people with billions of dollars, that number could increase, but that just means there are less people in the middle income level and much much more people in the poor income level, that's all. Buy bitcoins and store them, get ready for the next one that way.

[oHnK]

I believe there won't be a next economic collapse that we haven't seen before. There is an economic collapse once a decade and people are now used to it, I feel like we know what to do when that happens. I have literally got myself ready for the next one already, if the economy crashes like it always does, I will be ready for it (thanks to bitcoin).

If you look at the news, the IMF has predicted that the world will experience an economic crisis that has never been experienced before.  If the IMF had said it would make more sense to believe it because it would follow the data they had.  If you predict this will not happen, that's your right, but it should be accompanied by actual data, not just baseless opinions.