Big test for Bitcoin during the next Economic Collapse.

[SquallLeonhart]

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.

I am not saying that I do not believe we will not have a big crisis that we have never seen before, but I do not believe that just because IMF said it, I just believe it because all the data is there. I mean surely anyone who looks outside of their window would know that things are not looking good.

This means that eventually we are going to live that horrible crisis, not saying we are not in one, we are in a horrible crisis and even though stock markets all around the world shows signs of getting better, there are a lot of places that are bankrupting because they couldn't find customers due to lockdowns and covid fear which was normal of course but that is just the reality and stock market is not. However I think we are living from crisis to crisis and eventually there will be one that will shadow every single other one and make the world a very scary place for sure.

[LUCKMCFLY]

I think that bitcoin is currently taking a natural and slight correction, some think that it can reach levels of $ 43k- $ 46k, Peter Brandt believes that it can reach those price levels in retracement because normally a retracement after an ATH usually goes down a 35%, but Bitcoin in an eventual global collapse, has shown that it can be considered a haven of value, after the first months in 2020 bitcoin fell in price as a result of the panic that produced the pandemic, but later both bitcoin and gold managed to recover much faster than the stock market, forex, among others.

The best diversification before an eventual collapse of the economy is Bitcoin and gold, in this article there is an analysis of both gold, bitcoin, Stocks that is in the short term, it is interesting but there is still a long way to be able to establish a trend of what is going to happen in the next few days.

Here is an article that tells about the short-term situation of the markets.

Gold, Stocks, and Bitcoin: Weekly Overview — April 22

Bitcoin has had an exceptional week, reaching a new all-time high just under $65,000.

Gold has larger followed through with last week’s upwards swing.

Roblox is back where it started, while Square acted a bit like bitcoin, and JPMorgan has its best spring ever.

Source: https://beincrypto.com/gold-stocks-and-bitcoin-overview-april-22/

It is always good to handle this type of information in the event of any eventuality, to have an idea of how the markets are going.

[oHnK]

I think that bitcoin is currently taking a natural and slight correction, some think that it can reach levels of $ 43k- $ 46k, Peter Brandt believes that it can reach those price levels in retracement because normally a retracement after an ATH usually goes down a 35%.

Seeing the condition of Bitcoin in this provision, the correction continues until my own assets have decreased by 25%.  This is quite terrible, but I have only cut losses several times for coins which I consider to be very heavy losses.  Not to mention that it is exacerbated by the news that Warren Buffet is emphasizing again and again that Crypto is just gambling and will get worse as long as this correction occurs.  This crypto has no productive value so it's all clear gambling.  I sometimes wonder when he changes his mind.

[LUCKMCFLY]

I think that bitcoin is currently taking a natural and slight correction, some think that it can reach levels of $ 43k- $ 46k, Peter Brandt believes that it can reach those price levels in retracement because normally a retracement after an ATH usually goes down a 35%.

Seeing the condition of Bitcoin in this provision, the correction continues until my own assets have decreased by 25%.  This is quite terrible, but I have only cut losses several times for coins which I consider to be very heavy losses.  Not to mention that it is exacerbated by the news that Warren Buffet is emphasizing again and again that Crypto is just gambling and will get worse as long as this correction occurs.  This crypto has no productive value so it's all clear gambling.  I sometimes wonder when he changes his mind.

For now we must remain calm, if it is good to cut losses and although the correction is being very strong, it is normal for the altcoins to fall faster, I am sure that the market will have a great recovery, the good thing is that Warren Buffet does not have a lot of voice in the crypto world, in addition to Elon Musk, Microestrategy, among others, they are not going to lose the great investment they have made.

Many may be lowering the price to buy cheaper, I have seen in some forum threads that every time there is a higher percentage of decrease they buy cheaper bitcoin, it seems to me that it is a very good strategy and worthy of intelligent people, for now Better for many is to be out of the market and look for another entry that is good, the market always gives it, so take courage.

[oHnK]

Many may be lowering the price to buy cheaper, I have seen in some forum threads that every time there is a higher percentage of decrease they buy cheaper bitcoin, it seems to me that it is a very good strategy and worthy of intelligent people, for now Better for many is to be out of the market and look for another entry that is good, the market always gives it, so take courage.

Thats really make sense because when I didn't take a decision for cutting lose my altcoin, I felt that If I have some fresh money this is the right time to buy them for lower price and what I think comes true, Crypto's price getting high for several hours later. We face the new days for crypto when the volatility become faster than before. In 24 hours, we can take profit 25-30% or we can get lose 25-30% in a day. We have to be smart for taking a decision, when you should buy or sell.

[LUCKMCFLY]

Many may be lowering the price to buy cheaper, I have seen in some forum threads that every time there is a higher percentage of decrease they buy cheaper bitcoin, it seems to me that it is a very good strategy and worthy of intelligent people, for now Better for many is to be out of the market and look for another entry that is good, the market always gives it, so take courage.

Thats really make sense because when I didn't take a decision for cutting lose my altcoin, I felt that If I have some fresh money this is the right time to buy them for lower price and what I think comes true, Crypto's price getting high for several hours later. We face the new days for crypto when the volatility become faster than before. In 24 hours, we can take profit 25-30% or we can get lose 25-30% in a day. We have to be smart for taking a decision, when you should buy or sell.

You are right, the market is benevolent, it will always give a good entry with possibilities and opportunities to win, but you have to be very careful when entering the market, it is always good to look for altcoins that have a high market capitalization and that its volume is growing, the number of trades bodes well, and investors see some forward-thinking altcoins.

I have heard many altcoins with good recovery, such as ETH, BNB, even ADA, now POLKADOT also although it has a strong fall, but it represents a very good opportunity, many are betting on DOT, also TRX are waiting for it to reach new ATH and for its part XRP despite all the problems it has with the FED investors are trusting the currency, they see it as a fairly good instrument of speculation. Of course this will only happen when Bitcoin recovers and is in a bullish trend, because while it is in correction it is difficult for altcoins to recover, since they depend directly on the movements of Bitcoin, before making decisions about altcoins, it is good to study bitcoin and the possible movements.

[Alucard1]

When the pandemic started, we had seen a big crash on bitcoin to the point that it reached about $3900 that is really big fall for the bitcoin that time but as time goes by they have learned how bitcoin can help them during the pandemic, and the rise started again with bitcoin as it started with the post halving and next, a lot of companies have seen the great thing that bitcoin can give to us during the pandemic so they bough huge amount worth of bitcoin and we saw its effect to the market.

[AllGoodNamesAreTaken]

Once the economy goes down they will tax cryptos higher, there won't be a easy ways out.

[oHnK]

Of course this will only happen when Bitcoin recovers and is in a bullish trend, because while it is in correction it is difficult for altcoins to recover, since they depend directly on the movements of Bitcoin, before making decisions about altcoins, it is good to study bitcoin and the possible movements.

I couldn't agree more, I wanna add another altcoin that have a good recovery is WAVES. In crypto espesially altcoin, I'm prefer to make speculation than invest them for long term. But for Bitcoin, I keep for long term. BNB, ADA, ETH, LTC, WAVES are my favorite altcoin, they gave me much profit. But this is just available when Bitcoin market is bullish too. Now we can look the market, BTC in several days ago, getting bearish and all of my altcoin got the impact too. So, we have to be smart for making a financial decision.

[RealMalatesta]

Many may be lowering the price to buy cheaper, I have seen in some forum threads that every time there is a higher percentage of decrease they buy cheaper bitcoin, it seems to me that it is a very good strategy and worthy of intelligent people, for now Better for many is to be out of the market and look for another entry that is good, the market always gives it, so take courage.

Thats really make sense because when I didn't take a decision for cutting lose my altcoin, I felt that If I have some fresh money this is the right time to buy them for lower price and what I think comes true, Crypto's price getting high for several hours later. We face the new days for crypto when the volatility become faster than before. In 24 hours, we can take profit 25-30% or we can get lose 25-30% in a day. We have to be smart for taking a decision, when you should buy or sell.

Interesting to see people are shocked by something I have been doing for years. I do buy when it goes up as well but I buy even more when it is going down, that helps me a lot more and this is why I have collected a decent amount of bitcoin as well.

I remember last year when it crashed that was a blissful moment for me, it was a pandemic deal and I am sorry for all the lives lost to it, and I know it was all around a horrible year so far, but I have managed to buy bitcoin for very cheap and watch it do 10x right away, that is why I like bitcoin, if you know when to buy you could make a good profit.

This is why I buy every time it falls, if it is a 10%+ fall I will buy it, if it is 20%+ fall I will buy more and it goes on like that. At the end of the day I believe bitcoin will be doing fine, so why would I get scared and sell? It will recover one way or another.

[awik p]

When the pandemic started, we had seen a big crash on bitcoin to the point that it reached about $3900 that is really big fall for the bitcoin that time but as time goes by they have learned how bitcoin can help them during the pandemic, and the rise started again with bitcoin as it started with the post halving and next, a lot of companies have seen the great thing that bitcoin can give to us during the pandemic so they bough huge amount worth of bitcoin and we saw its effect to the market.

we can see this together, until now bitcoin seems to be a noble item which many people believe in. but. when prices are dumped, many people are worried about buying them. but instead, it started with large companies that believed in it so that it rose again until its price exceeded the previous highest price

[btc-room101]

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?

Read the book "When Money Fails", history of Wiemar Germany 1918-1921

When money fails, so does everything including electricity, phone, and internet

Don't kid yourself, your mobile-phone will be worthless

There is a reason survivors say "Beans, bullets, & gold"

People here think that during hyper-inflation, when people carry a wheel-barrow of money to buy a loaf of bread, that everything else will run, the reason they used a wheel barrow, is that nobody had gas. When nobody can make payroll, everything comes to a halt.

If you honestly think this is the future, then get the hell out of the USA today, go to Singapore, or Switzerland where the internet will still be running.

[oHnK]

I remember last year when it crashed that was a blissful moment for me, it was a pandemic deal and I am sorry for all the lives lost to it, and I know it was all around a horrible year so far, but I have managed to buy bitcoin for very cheap and watch it do 10x right away, that is why I like bitcoin, if you know when to buy you could make a good profit.

This is why I buy every time it falls, if it is a 10%+ fall I will buy it, if it is 20%+ fall I will buy more and it goes on like that. At the end of the day I believe bitcoin will be doing fine, so why would I get scared and sell? It will recover one way or another.

You're so lucky enough, not everyone have ability to take a decision for buying at lowest price and selling at highest price. If they can take it, they dont have money to buy it hahaha. Thats happen on me. Sometimes I really watch the candle when the market was bearish, and talk to my heart if I have money, this is the right time to buy them at cheaper. 

[stadus]

I remember last year when it crashed that was a blissful moment for me, it was a pandemic deal and I am sorry for all the lives lost to it, and I know it was all around a horrible year so far, but I have managed to buy bitcoin for very cheap and watch it do 10x right away, that is why I like bitcoin, if you know when to buy you could make a good profit.

This is why I buy every time it falls, if it is a 10%+ fall I will buy it, if it is 20%+ fall I will buy more and it goes on like that. At the end of the day I believe bitcoin will be doing fine, so why would I get scared and sell? It will recover one way or another.

You're so lucky enough, not everyone have ability to take a decision for buying at lowest price and selling at highest price. If they can take it, they dont have money to buy it hahaha. Thats happen on me. Sometimes I really watch the candle when the market was bearish, and talk to my heart if I have money, this is the right time to buy them at cheaper. 

We can always see that kind of opportunity if we do have money to invest, being experience as an investor or trader, we definitely have an idea already on how to make the right decision, and usually when the price dip, it's easy to make a decision to buy and selling at a profit is not also a problem since we believe that soon the price will correct and we will be able to start accumulating again.

Just doing the same strategy over and over, it would already make us financially successful here.

[mamahdedeh]

I remember last year when it crashed that was a blissful moment for me, it was a pandemic deal and I am sorry for all the lives lost to it, and I know it was all around a horrible year so far, but I have managed to buy bitcoin for very cheap and watch it do 10x right away, that is why I like bitcoin, if you know when to buy you could make a good profit.

This is why I buy every time it falls, if it is a 10%+ fall I will buy it, if it is 20%+ fall I will buy more and it goes on like that. At the end of the day I believe bitcoin will be doing fine, so why would I get scared and sell? It will recover one way or another.

You're so lucky enough, not everyone have ability to take a decision for buying at lowest price and selling at highest price. If they can take it, they dont have money to buy it hahaha. Thats happen on me. Sometimes I really watch the candle when the market was bearish, and talk to my heart if I have money, this is the right time to buy them at cheaper. 

We can always see that kind of opportunity if we do have money to invest, being experience as an investor or trader, we definitely have an idea already on how to make the right decision, and usually when the price dip, it's easy to make a decision to buy and selling at a profit is not also a problem since we believe that soon the price will correct and we will be able to start accumulating again.

Just doing the same strategy over and over, it would already make us financially successful here.

it seems easy to do so, we buy low and sell high. but in practice many people are stuck in that situation so that it is floating minus. of course experience is the main asset, because we believe the market will move up and down without anyone knowing what price will stop at

[Kittygalore]

~

It doesn’t, and I’m personally not wishing for an Economic Collapse, but do you actually still trust our leaders to not lose control over the monetary/financial system? Maybe you do, but you should STILL HODL Bitcoin just in case you will need a fall-back/back-up.

What part did I say that I trust the leaders, I am just pointing out the obvious and practical which is that they are going to protect the Economy against inflation because they are a reserved currency so if they were to be obliterated by hyperinflation then a lot of countries will suffer.

[target]

I remember last year when it crashed that was a blissful moment for me, it was a pandemic deal and I am sorry for all the lives lost to it, and I know it was all around a horrible year so far, but I have managed to buy bitcoin for very cheap and watch it do 10x right away, that is why I like bitcoin, if you know when to buy you could make a good profit.

This is why I buy every time it falls, if it is a 10%+ fall I will buy it, if it is 20%+ fall I will buy more and it goes on like that. At the end of the day I believe bitcoin will be doing fine, so why would I get scared and sell? It will recover one way or another.

You're so lucky enough, not everyone have ability to take a decision for buying at lowest price and selling at highest price. If they can take it, they dont have money to buy it hahaha. Thats happen on me. Sometimes I really watch the candle when the market was bearish, and talk to my heart if I have money, this is the right time to buy them at cheaper. 

We can always see that kind of opportunity if we do have money to invest, being experience as an investor or trader, we definitely have an idea already on how to make the right decision, and usually when the price dip, it's easy to make a decision to buy and selling at a profit is not also a problem since we believe that soon the price will correct and we will be able to start accumulating again.

Just doing the same strategy over and over, it would already make us financially successful here.

it seems easy to do so, we buy low and sell high. but in practice many people are stuck in that situation so that it is floating minus. of course experience is the main asset, because we believe the market will move up and down without anyone knowing what price will stop at

Having experienced the last bullrun I guess things might just change for me if we really will experience the next bear market. But as of now those past bear market may not really be terrible to expect because of the adoption that is massively going on right now. You could be wrong to expect that price will drop more than -80% whenever the bear market takes place.

[oHnK]

We can always see that kind of opportunity if we do have money to invest, being experience as an investor or trader, we definitely have an idea already on how to make the right decision, and usually when the price dip, it's easy to make a decision to buy and selling at a profit is not also a problem since we believe that soon the price will correct and we will be able to start accumulating again.

Just doing the same strategy over and over, it would already make us financially successful here.

Oh really? You re great,bro. As long as I'm a investor and trader cant say that make financial decision is easy because as long as I work as a profesional traders, I'm still bad for executing the theory. Buy or sell at the lowest and highest price have some pshcology result. When you have much money and you can control ur own story.

[bosede1]

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 think satoshi creation for bitcoin is for it to supplement fiat money because of the features this possesses like being controlled and regulated by the government. The USA government knows its way around things like(Hyperinflation) you should be aware of it, bitcoin cannot crash together with the rest of the economy.

[tbterryboy]

The USA government knows its way around things like(Hyperinflation) you should be aware of it, bitcoin cannot crash together with the rest of the economy.

Yes, bitcoin economy will not crash like how fiat with the economy is doing time to time. Bitcoin is having completely different economic rules against our traditional economy system. When fiats are getting devalued over the time due to high inflation, bitcoin is getting stronger at the same time along with fixed supply.

I'm confident about bitcoin to stay stronger among an economic collapse happen at any time due to current pandemic situations or any other reasons.