Is Bitcoin capable to recover from Financial Crisis?

[AjithBtc]

Bitcoin helps with the recovery from financial crisis to the individuals, and it has the ability to make big change in the entire financial system thats been followed around the globe. This year is a true example for the same, people who are part of the bitcoin network have profited and hasn't suffered big as the growth continued with bitcoin. Following this more large scale networks have started to invest on bitcoin, and some have considered it as reserve fund. Now the base is being getting laid stronger, maybe the future we can expect recovery from financial crisis through bitcoin.

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[dothebeats]

Could be depending on what time/period have you actually bought your bitcoins. Most investors don’t know whether bitcoin is already at its peak or not, especially those who are just trying bitcoin out and seeing whether they’ll get some profits or not. On paper it ‘does’ shield you, but only under certain conditions.

[Asuspawer09]

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?

Last March the market price of bitcoin was dump which believed to be the effect of the pandemic, which turns out to be a good opportunity to invest your money.

Even in the stock market, the dumps was actually a good opportunity to invest your money, so it's actually not a shield for a financial crisis since the pandemic affects the market price of bitcoin, but at the same time for those people who didn't invest in a high market price of bitcoin they probably have the opportunity to make a profit when the market price dump at that time.

For me its a good choice to put your money in bitcoin at the time of pandemic because it's a good opportunity but it's still vulnerable from a financial crisis and there are so many things that affect the market price.

[Indriahimovie]

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 seems that during the Covid-19 pandemic it did not affect the decline in Bitcoin prices, this year Bitcoin experienced a significant price increase. During the Covid 19 pandemic, people bought Bitcoin to make it a very profitable asset, hoping to recover the economy from the Financial Crisis.

[MCobian]

If I look at Bitcoin's current performance I am optimistic that Bitcoin will be able to recover us from the financial crisis,
because by investing in Bitcoin we can generate a much greater profit than investing in traditional assets. It is proven
that this year the performance of Bitcoin is the best when compared to other assets. So I have no doubt that Bitcoin can
make me rich, even though the risks involved are greater than any other asset.

[ropyu1978]

In my estimation, bitcoin will be able to rise and recover from the financial crisis, because when the world economic pandemic is declining but bitcoin is still able to bartahan and we can still rely, for those of you who have invested in bitcoin are sure bitcoin will be fine, when bitcoin is falling You only need to be patient and continue to be patient because there will definitely be times when bitcoin will rise in price again, and will be chased again by people ... don't be discouraged, believe bitcoin will have a good impact on us ..

[willoweb]

It is not so easy to answer this question because it is not clear what kind of crisis we are talking about. Another thing is clear - such a growth that Bitcoin showed only this year could have saved many if they had invested their savings in it last year. This is equally true for private investors as well as for entire states and their governments or corporations. The rescue of a drowning person is the work of the drowning person himself.

[Alanaz]

depending on how we can manage and be smart in trading.
we have seen many examples when a person who is suddenly rich thanks to bitcoin, there is also a sudden poor thanks to bitcoin also depends on his people. if we are good at doing transactions we will make a big profit and can solve the problems to the money we face but if we just participate like everyone else we can be sure we will be lose

[gerryhartell]

Indeed yet not this one might be the following coming after this. (Means next financial crisis after next decades or two).  This will possibly work when their is absolute dissolve down of world economies. When currencies become worthless. This will soon happen after USA economy slides down their will be major crisis across the globe.

[Tigerheart3026]

It is not able to deal with the financial crisis for the widely Because it depends on how your government adopt Bitcoin.

Individually it’s can be big defender for financial support in pandemic and on other crisis, Who involved with it and trying to generate passive income. 

[Spaffin]

Indeed yet not this one might be the following coming after this. (Means next financial crisis after next decades or two).  This will possibly work when their is absolute dissolve down of world economies. When currencies become worthless. This will soon happen after USA economy slides down their will be major crisis across the globe.

The fact is that the economies of many countries suffer very often, while difficulties arise for various reasons, which we cannot even influence, such as a large-scale crisis due to the coronavirus. At the same time, the economies of even the most developed countries suffer. If this trend continues, then economic crises will occur not once every 10 years, but much more often. In this case, Bitcoin will have a huge advantage, since the investment in Bitcoin will be large-scale and Bitcoin will actually be used as a reliable storage, as national currencies will depreciate.

[verita1]

IMO, It is possible that bitcoin is a solution to face the economic crisis because the people and institutions that have invested in bitcoin have done so with the idea of ​​protecting their capital and putting it to work in each of their activities.
As it is a novelty, I presume that there will be great progress of all kinds, especially the new technologies that bitcoin inspires.

[Iranus]

Bitcoin is helping many people's lives as a financial support. Unemployed people in countries where there are more educated unemployed have improved their fortunes by investing in Bitcoin. Again, many have chosen Bitcoin mining or Bitcoin trading as a passive income source. I think bitcoin is a blessing for both the rich and the poor. Just as it has revolutionized our transaction system, it has opened up a source of income for all.

[dimonstration]

Bitcoin is helping many people's lives as a financial support. Unemployed people in countries where there are more educated unemployed have improved their fortunes by investing in Bitcoin. Again, many have chosen Bitcoin mining or Bitcoin trading as a passive income source. I think bitcoin is a blessing for both the rich and the poor. Just as it has revolutionized our transaction system, it has opened up a source of income for all.

As long as people try hard to learn how bitcoin orcrypto works they can take advantage of it to use it as a profession, crypto been too profitable for many in my area especially to me during these time , what we only need is to focus and have disciplines to learn since its really possible to earn more in trading than in normal regular jobs. We can survive the crisis when many learn to adopt.

[Murtaza345]

Exectially we couldn't say like that,but maybe because in upcoming days more value will be and that will change the most of things.and according to the news about Bitcoin may be in future . Bitcoin will be the world currency ,and yah most popular currency.So we will have to wait and see how Bitcoin change the world..

[Twentyonepaylots]

The boom on bitcoin's value during the Coronavirus pandemic is nothing short of surprising, because as all assets and store of value that are there at the time, it too went down in value, even lower in March 2020 when it plummeted around $6000 but quickly bounced back anyway. Bitcoin is not your get out of poverty free card, it has it's pros and cons, you have to take the current price boom with a grain of salt.

[masphie]

Yes Of course, but for me there are 2 things that can determine it.
1. His knowledge of bitcoin
2. Government legality regarding bitcoin

And for me, the first point is the most important, because without the correct understanding we will not be able to make it happen.

[noorammak]

Bitcoin is a store of value and a good haven during times of economic downturn. Time has answered your question. Bitcoin has increased in price from $ 4,000 to $ 60000 in a year, a profit of 3000%. There is no such thing as an asset that can grow that fast.
I believe that the pandemic will continue, the economic slowdown is still going on with the epidemic. So in the past 1 year, investment funds, businesses and people have used their spare money to go into Crypto more often.

[syedakhlaque]

Bitcoin has this ability to restore its position after a dip. Not only in the corona pandemic but it happened many times before that bitcoin not only restore its position after a dip but it goes to rise up. So it is clear that investment in cryptocurrency is not an eternal loss but there need for wait and patience. On the whole, its value is increasing since its beginning. So there is no need to worry about up and down, it is part of the game.

[Mauser]

 
But in spite of all these, Is it really capable to recover us from Financial Crisis?

I think yes, bitcoins offer a lot of benefits during crisis that we might not get from local banks. Financial crisis is usually an inefficiency in the financial markets that the government or big banks try to cover up. But markets like to regulate itself so its just a matter of time until it becomes a national and a global crisis. Once a crisis is affecting the whole world it can take down many banks leaving all the savings accounts hanging. Being invested in bitcoins and other crypto currencies makes us independent from the local financial system.