jeraldskie11
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June 29, 2023, 09:19:41 PM |
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Stocks are different than cryptocurrencies, stocks are from physical companies that exist in the world and are affected by an economic crisis because their sales and stuff get disturbed because there is inflation and people don't have a lot of money to spend, thus those companies face losses and that causes their stocks to go down, but for Bitcoin or cryptocurrencies, it's a different story because they are not physical entities but they exist digitally.
Yes, you're correct, but what we've seen in the market is that when there's an economic crisis, we should expect cryptocurrencies to be unaffected because they only exist digitally, whereas stocks are physical entities, but instead we've seen that they're affected as well. I'm not sure what the exact explanation is for people not choosing to invest in cryptocurrencies during an economic downturn; perhaps it was seen as an advantage by institutions or smart money. Because, when things return to normal, cryptocurrency usually makes an impulsive up move, resulting in a new high.
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suzanne5223
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June 29, 2023, 09:37:56 PM |
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Stocks are different than cryptocurrencies, stocks are from physical companies that exist in the world and are affected by an economic crisis because their sales and stuff get disturbed because there is inflation and people don't have a lot of money to spend, thus those companies face losses and that causes their stocks to go down, but for Bitcoin or cryptocurrencies, it's a different story because they are not physical entities but they exist digitally.
Yes, you're correct, but what we've seen in the market is that when there's an economic crisis, we should expect cryptocurrencies to be unaffected because they only exist digitally, whereas stocks are physical entities, but instead we've seen that they're affected as well. I'm not sure what the exact explanation is for people not choosing to invest in cryptocurrencies during an economic downturn; perhaps it was seen as an advantage by institutions or smart money. Because, when things return to normal, cryptocurrency usually makes an impulsive up move, resulting in a new high. It's hard to tell if the economic depression will affect Bitcoin price since there are a lot of things that determine the BTC market's new trend we already know bad news is one but judging by the previous occasion that happened during the total lockdown we see that investors often seek alternative assets as a store of value or a hedge against economic depression and most of them find there alternative in BTC. Therefore, there's a huge possibility that economic depression may not affect BTC.
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serjent05
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June 29, 2023, 10:20:52 PM |
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Stocks are different than cryptocurrencies, stocks are from physical companies that exist in the world and are affected by an economic crisis because their sales and stuff get disturbed because there is inflation and people don't have a lot of money to spend, thus those companies face losses and that causes their stocks to go down, but for Bitcoin or cryptocurrencies, it's a different story because they are not physical entities but they exist digitally.
Yes, you're correct, but what we've seen in the market is that when there's an economic crisis, we should expect cryptocurrencies to be unaffected because they only exist digitally, whereas stocks are physical entities, but instead we've seen that they're affected as well. I'm not sure what the exact explanation is for people not choosing to invest in cryptocurrencies during an economic downturn; perhaps it was seen as an advantage by institutions or smart money. Because, when things return to normal, cryptocurrency usually makes an impulsive up move, resulting in a new high. I do not think that cryptocurrencies are not affected because of the reason they are digital... It is a funny reason, IMO, and is wrong. The cryptocurrency market relies on supply and demand. If there is a shortage of funds coming to the market then it is clear and obvious that the cryptocurrency market will be affected. There will be no support for the market demand and when the selling pressure exceeds that of demand then the price of the cryptocurrency will plummet. It is a domino effect when the economy is in a state of depression, the market will automatically affect no matter if it is tangible or intangible.
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Wimex
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June 29, 2023, 11:00:06 PM |
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Believe it or not, nothing will be safe from a situation like this, most people in these cases enter such a strong crisis because they do not know what will happen, that they choose to choose what seems most vital to them, and normally this is the food and basic necessities and to be able to access them they will need the immediate availability of some type of currency, and for people it is more stable to choose what they know than something new like digital. But who knows, from the way I see things and new technologies, the possibility of people turning to digital assets could also be a possibility, since it is something that is ruling more and more in the world, it is almost not known anymore. see cash as before, now everything is handled with cards and virtual transactions, so redirecting me in this area, and taking it to the decentralized, probably this time you will see a lot of people using bitcoin, or is it just a fallacy? That it will be affected if, as I said, nothing will be safe, but it might not be as harsh as with fiat currency.
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tread93
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June 30, 2023, 01:53:31 AM |
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There was a Great Economic Depression in the world and it started from 1929 and ended in 1939 which stayed about 10 years and that was the longest one ever. In that great economic depression the world ecoonomy was dis-stabilized in all areas of life and livelyhood. Banks were closed down for the long period of years, farms were destroyed, industries closed down. Live was unbearable. People died and human suffer to the core. And everythings in life were affected no school and life became survival of the fittest. Now this technology age and must transactions are done online without going to the bank. Sometimes we buy things without going to the supermarket or to the market square you just order from online and you received your goods at your door post without stress. The present day ecoonomy is much more better comparing to that of 20s down. Things are make easy to use. Physical bank stress is also fading gradually to the hand of technology calls digital currency. And bitcoin is the Father and the King of this digitalization. So if ECONOMIC DEPRESSION happened again in the world, will it affect bitcoin with it fellow digital currencies? Because economy is the back bone of everything in the world. What affect economy affect all other things. And bitcoin is the father of digital currency. What is your say.
I mean this is basically what Bitcoin was designed for. Satoshi knew that one day all banks would probably fail due to hyperinflation of their worthless fiat currency system.... All I remember is hearing about how hard the great depression was from my grandma. She lived in Detroit at the time too, which was a rough city to live in during those times. I remember how she told me when she was like 8 and had to chaperone her 3 younger siblings from school to home like 3 miles away each day and then prepare food for all of them because her parents were working. Its wild times. If everyone goes into a state of depresson from a global economic collapse then surely Bitcoin would only go up and do much better simply due to supply and demand. People would naturally put their money into gold and silver, and now of course bitcoin, too. So I can definitely see Bitcoin doing well as a result of all this.
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Iranus
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2023, 03:21:32 AM |
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Stocks are different than cryptocurrencies, stocks are from physical companies that exist in the world and are affected by an economic crisis because their sales and stuff get disturbed because there is inflation and people don't have a lot of money to spend, thus those companies face losses and that causes their stocks to go down, but for Bitcoin or cryptocurrencies, it's a different story because they are not physical entities but they exist digitally.
Yes, you're correct, but what we've seen in the market is that when there's an economic crisis, we should expect cryptocurrencies to be unaffected because they only exist digitally, whereas stocks are physical entities, but instead we've seen that they're affected as well. I'm not sure what the exact explanation is for people not choosing to invest in cryptocurrencies during an economic downturn; perhaps it was seen as an advantage by institutions or smart money. Because, when things return to normal, cryptocurrency usually makes an impulsive up move, resulting in a new high. It's hard to tell if the economic depression will affect Bitcoin price since there are a lot of things that determine the BTC market's new trend we already know bad news is one but judging by the previous occasion that happened during the total lockdown we see that investors often seek alternative assets as a store of value or a hedge against economic depression and most of them find there alternative in BTC. Therefore, there's a huge possibility that economic depression may not affect BTC. If recession, the economic crisis does not affect bitcoin. Can you explain to me what happened in 2022 and this year? When inflation is high, all industries are affected, and bitcoin is also severely dumped in 2022. Not to mention, every time the Fed announces a rate hike, bitcoin continues to be dumped, or negative news about war also causes the market to panic...All this is not telling you that if the economy is unhealthy, every asset and industry will suffer, and bitcoin is no exception.
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laurenB7742
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June 30, 2023, 03:56:37 AM |
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Stocks are different than cryptocurrencies, stocks are from physical companies that exist in the world and are affected by an economic crisis because their sales and stuff get disturbed because there is inflation and people don't have a lot of money to spend, thus those companies face losses and that causes their stocks to go down, but for Bitcoin or cryptocurrencies, it's a different story because they are not physical entities but they exist digitally.
Yes, you're correct, but what we've seen in the market is that when there's an economic crisis, we should expect cryptocurrencies to be unaffected because they only exist digitally, whereas stocks are physical entities, but instead we've seen that they're affected as well. I'm not sure what the exact explanation is for people not choosing to invest in cryptocurrencies during an economic downturn; perhaps it was seen as an advantage by institutions or smart money. Because, when things return to normal, cryptocurrency usually makes an impulsive up move, resulting in a new high. I do not think that cryptocurrencies are not affected because of the reason they are digital... It is a funny reason, IMO, and is wrong. The cryptocurrency market relies on supply and demand. If there is a shortage of funds coming to the market then it is clear and obvious that the cryptocurrency market will be affected. There will be no support for the market demand and when the selling pressure exceeds that of demand then the price of the cryptocurrency will plummet. It is a domino effect when the economy is in a state of depression, the market will automatically affect no matter if it is tangible or intangible. Not stopping there, many people also think that bitcoin is decentralized and not like stocks, it is not the product of any company, so it will not affect when the economy goes down. But they forget that, whether bitcoins are centralized or decentralized, their value depends on supply and demand. So it's funny that people are trying to defend bitcoin by saying it's digital, decentralized...so it can't be affected by our economy. All are part of the economy and will be closely linked with each other, nothing can exist without connecting to the world economy.
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Blitzboy
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June 30, 2023, 05:49:13 AM |
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Believe it or not, nothing will be safe from a situation like this, most people in these cases enter such a strong crisis because they do not know what will happen, that they choose to choose what seems most vital to them, and normally this is the food and basic necessities and to be able to access them they will need the immediate availability of some type of currency, and for people it is more stable to choose what they know than something new like digital. But who knows, from the way I see things and new technologies, the possibility of people turning to digital assets could also be a possibility, since it is something that is ruling more and more in the world, it is almost not known anymore. see cash as before, now everything is handled with cards and virtual transactions, so redirecting me in this area, and taking it to the decentralized, probably this time you will see a lot of people using bitcoin, or is it just a fallacy? That it will be affected if, as I said, nothing will be safe, but it might not be as harsh as with fiat currency.
As someone intriguingly cynical, I appreciate your astute analysis. You pose a notion that essentially asks, "In times of crisis, will humans cling to the archaic yet familiar, or embrace the novel and uncharted?" Your stance leans towards the former, which I can understand. However, as a boldly speculative academic, I'd assert that your argument lacks a nuanced understanding of our adaptable nature. Are we not the species that, once afraid of fire, learnt to harness its power? Why then, do we assume that digital currencies would be shunned in crisis times? History shows us that moments of strife often catalyze shifts towards innovation and novelty. Claiming the reign of virtual transactions as a mere fallacy is an oversimplification. Look around, the world is changing rapidly. As for Bitcoin being affected, I assertively, yet aggressively, state that Bitcoin will not just survive but thrive, possibly even become a sanctuary for financial stability.
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ancafe
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June 30, 2023, 07:11:27 AM |
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So if ECONOMIC DEPRESSION happened again in the world, will it affect bitcoin with it fellow digital currencies? Because economy is the back bone of everything in the world.
If there is an economic depression happen then the world's growth and development will automatically experience major problems, where many people have difficulty making ends meet due to the large amount of unemployment that occurs. Under such conditions investment will not be a priority for people because it is difficult to meet their daily needs, so talking about fulfilling life is far more important than investing. The economy is the backbone of a country and the people in it, when an economic depression hits the journey of the country and the people in it will affect it. The difference is only in the level of severity and when the government has no option to get out of the problem, then all sectors will be affected by themselves. What affect economy affect all other things. And bitcoin is the father of digital currency. What is your say.
Although bitcoin is resistant to recession and inflation, it does not mean that it will also be stable during an economic depression. When there is no demand and supply caused by economic turmoil, the growth of bitcoin will stop in terms of supply and demand for a while time, because people are more focused on increasing the necessities of life than thinking about investing.
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beerlover
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June 30, 2023, 10:54:05 AM |
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I don't want to protest against the government because it's not beneficial for me and my loved ones. I do not deny that the government is not perfect in bringing benefits to the people, there are many shortcomings, and I myself have many frustrations. But we do nothing useful for the country, and is it too much to insist that the government be perfect in everything?
I don't see them destroying the crypto industry, what they're doing is finding ways to regulate and control us. That makes us lose our freedom, and many people don't like it, including me. But if you were the government, when you were threatened by someone, would you try to destroy them? That's why I always wanted bitcoin to be an alternative, not a replacement.
By that logic government can do whatever they want and we would not be protesting it because it doesn't benefit us? This is only valid if there is a small amount of issues that doesn't really matter, but if there is a big issue then we should do a big protest in order to put them in line. Governments can be as strong as the people make them to be, and a weak government doesn't mean a weak nation, it means powerful citizens with rights. Rights are not given, it's taken, even the simples things like weekends were all given to us because we protested. All the worker rights and minority rights in the world has been earned by protests, sometimes civil unrest, sometimes even as far as violence, because if you want to take it, you need to go out there and take it, not wait for someone to give it to you.
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June 30, 2023, 05:35:50 PM |
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World economic depressions have happened several times in history, one of which is the one you mentioned, and it happened right after the First World War. To say that it was created as a result of the impact of the First World War. So if you look at the world economic depression, since physical damage or war has happened, so I think physical asset will be more important than virtual asset. And that's why I think Bitcoin's price can have a lot of downfall.
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suzanne5223
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June 30, 2023, 11:07:34 PM |
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It's hard to tell if the economic depression will affect Bitcoin price since there are a lot of things that determine the BTC market's new trend we already know bad news is one but judging by the previous occasion that happened during the total lockdown we see that investors often seek alternative assets as a store of value or a hedge against economic depression and most of them find there alternative in BTC. Therefore, there's a huge possibility that economic depression may not affect BTC.
If recession, the economic crisis does not affect bitcoin. Can you explain to me what happened in 2022 and this year? When inflation is high, all industries are affected, and bitcoin is also severely dumped in 2022. Not to mention, every time the Fed announces a rate hike, bitcoin continues to be dumped, or negative news about war also causes the market to panic...All this is not telling you that if the economy is unhealthy, every asset and industry will suffer, and bitcoin is no exception. Remember I said a lot of things impact the price of the Bitcoin market and cause the dump in the price of last year was many but the most crucial part is the normal market correction that always occurs before the block halving market effect and the FTX collapse. This year dum was influenced by Bitcoin Ordinals/BRC-20 and the US SEC lawsuit on top exchange but bullish trend happened when giant investment companies show their interest in BTC publicly.
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🎁 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . 375% | 200 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | 🛞 | ☆ | | ☆ | 🛞 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀ .U P T O . ▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .300€ + 50 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .F R E E S P I N S . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | 🎁 | |
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Smartvirus
Legendary
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June 30, 2023, 11:25:33 PM |
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World economic depressions have happened several times in history, one of which is the one you mentioned, and it happened right after the First World War. To say that it was created as a result of the impact of the First World War. So if you look at the world economic depression, since physical damage or war has happened, so I think physical asset will be more important than virtual asset. And that's why I think Bitcoin's price can have a lot of downfall.
Obviously, that’s what would be obtainable in situations of a Great Depression as good would be of the most importance with people trying to build up from where they left off. Having access to mobile network would be next to impossible with lack of facilities but that would depend on the course of the depression though. Still, we invest today that we might be able to profit and sustain our lives through years and enjoying our crypto investment would help to serve that purpose. In times of Great Depression, only the powerful or those who have more than enough could be able to buy and there would be a lot of sellers. This would in turn have an effect on price as supply would be in surplus.
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famososMuertos
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LE ☮︎ Halving es la purga
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July 01, 2023, 02:54:35 AM |
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The economic situations that have occurred in the past have only been a reference to tragedy, not correction, which is the curious thing, it happened in the 80s, it happened in 2008 and where we are today, nothing happens in the economic sphere as an effect of positive change.
Tragedies are only repeated in individuals and economies continue, nothing will happen to bitcoin, the tragedy will surely affect society and bitcoin will continue, the cycle repeats itself only now bitcoin also survives.
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Iranus
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 02, 2023, 02:50:50 AM |
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It's hard to tell if the economic depression will affect Bitcoin price since there are a lot of things that determine the BTC market's new trend we already know bad news is one but judging by the previous occasion that happened during the total lockdown we see that investors often seek alternative assets as a store of value or a hedge against economic depression and most of them find there alternative in BTC. Therefore, there's a huge possibility that economic depression may not affect BTC.
If recession, the economic crisis does not affect bitcoin. Can you explain to me what happened in 2022 and this year? When inflation is high, all industries are affected, and bitcoin is also severely dumped in 2022. Not to mention, every time the Fed announces a rate hike, bitcoin continues to be dumped, or negative news about war also causes the market to panic...All this is not telling you that if the economy is unhealthy, every asset and industry will suffer, and bitcoin is no exception. Remember I said a lot of things impact the price of the Bitcoin market and cause the dump in the price of last year was many but the most crucial part is the normal market correction that always occurs before the block halving market effect and the FTX collapse. This year dum was influenced by Bitcoin Ordinals/BRC-20 and the US SEC lawsuit on top exchange but bullish trend happened when giant investment companies show their interest in BTC publicly. I know you are referring to the 4-year market cycle after bitcoin makes a new ATH in 2021. But if you take a closer look at the volatility of bitcoin last year, bitcoin reacted as strongly as other markets when news of the war between Ukraine and Russia broke out. Moreover, every time the Fed announces inflation as well as interest rate hikes, bitcoin will fluctuate and be dumped. That is not enough to demonstrate the impact of the economy on the market? The value of any asset depends on the supply and demand of people, and people are also a part of the world economy. Bitcoin would be nothing to say that it is not part of the world economy.
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fuguebtc
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 02, 2023, 03:14:24 AM |
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There was a Great Economic Depression in the world and it started from 1929 and ended in 1939 which stayed about 10 years and that was the longest one ever. In that great economic depression the world ecoonomy was dis-stabilized in all areas of life and livelyhood. Banks were closed down for the long period of years, farms were destroyed, industries closed down. Live was unbearable. People died and human suffer to the core. And everythings in life were affected no school and life became survival of the fittest. Now this technology age and must transactions are done online without going to the bank. Sometimes we buy things without going to the supermarket or to the market square you just order from online and you received your goods at your door post without stress. The present day ecoonomy is much more better comparing to that of 20s down. Things are make easy to use. Physical bank stress is also fading gradually to the hand of technology calls digital currency. And bitcoin is the Father and the King of this digitalization. So if ECONOMIC DEPRESSION happened again in the world, will it affect bitcoin with it fellow digital currencies? Because economy is the back bone of everything in the world. What affect economy affect all other things. And bitcoin is the father of digital currency. What is your say.
I mean this is basically what Bitcoin was designed for. Satoshi knew that one day all banks would probably fail due to hyperinflation of their worthless fiat currency system.... All I remember is hearing about how hard the great depression was from my grandma. She lived in Detroit at the time too, which was a rough city to live in during those times. I remember how she told me when she was like 8 and had to chaperone her 3 younger siblings from school to home like 3 miles away each day and then prepare food for all of them because her parents were working. Its wild times. If everyone goes into a state of depresson from a global economic collapse then surely Bitcoin would only go up and do much better simply due to supply and demand. People would naturally put their money into gold and silver, and now of course bitcoin, too. So I can definitely see Bitcoin doing well as a result of all this. Agreed, bitcoin was born to solve the problems that fiat is having, but for bitcoin to become everyone's choice if there is a big recession, it needs many factors. It's bitcoin's acceptance and legitimacy, I mean, if bitcoin's recognition doesn't achieve greater results, then it will be very difficult to become an inflation-resistant asset like gold. No matter how good bitcoin is, if it is not recognized by the public, it will never be an option when the Great Recession hits. As is happening, inflation and economic crisis are hitting us, but bitcoin is still not an option for many people, many are still choosing gold and other assets as a safe haven.
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wxa7115
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 02, 2023, 04:13:37 AM |
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There was a Great Economic Depression in the world and it started from 1929 and ended in 1939 which stayed about 10 years and that was the longest one ever. In that great economic depression the world ecoonomy was dis-stabilized in all areas of life and livelyhood. Banks were closed down for the long period of years, farms were destroyed, industries closed down. Live was unbearable. People died and human suffer to the core. And everythings in life were affected no school and life became survival of the fittest. Now this technology age and must transactions are done online without going to the bank. Sometimes we buy things without going to the supermarket or to the market square you just order from online and you received your goods at your door post without stress. The present day ecoonomy is much more better comparing to that of 20s down. Things are make easy to use. Physical bank stress is also fading gradually to the hand of technology calls digital currency. And bitcoin is the Father and the King of this digitalization. So if ECONOMIC DEPRESSION happened again in the world, will it affect bitcoin with it fellow digital currencies? Because economy is the back bone of everything in the world. What affect economy affect all other things. And bitcoin is the father of digital currency. What is your say.
I think the FED and many other similar entities around the world have made it very clear over several decades, they are not going to allow a depression like that to ever happen again. Basically they are ready to print all the money they may need to force people to use their money and stop hoarding it, however this attitude will eventually create hyperinflation, which is just as bad but it is the complete opposite of a depression period, as that point no one will want to hold their fiat for any significant period of time.
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YUriy1991
Sr. Member
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July 02, 2023, 05:32:03 AM |
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A global economic crisis will reveal whether Bitcoin market participants view Bitcoin as a reliable store of value like many say they do, or if they merely view it as a speculative investment. If it's the latter, then Bitcoin will crash, because an economic crisis is not a good time to put your money into risky investments, it's a time to put your money into safe havens.
I think it's impossible to say whether Bitcoin is a safe haven or not without putting it to the test.
You are very thorough looking at this. Yes. at least this moment serves as a test of maturity to determine whether Bitcoin is truly considered a safe-haven asset and a safe place to keep their money or just a speculative investment. I think it comes back to the market participants. If they really think of Bitcoin as a safe haven, it could hold up well during a crisis. Conversely, if what you see is a high-risk investment and its value can drop at any time, isn't it obvious that your intentions will be clearly expressed, one of which is from the economic downturn. But, look at it with open eyes. As the economy improves, positive news emerges and makes headlines for weeks. What's next? As more industries enter this space, some investors and financial institutions will view Bitcoin as a safe-haven asset and they feel it is a safe place to store their money.
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CageMabok
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July 02, 2023, 07:43:43 AM |
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You are very thorough looking at this. Yes. at least this moment serves as a test of maturity to determine whether Bitcoin is truly considered a safe-haven asset and a safe place to keep their money or just a speculative investment.
This can also depend on the opinion of each person because the function is also clear so that everyone can have different assumptions when owning Bitcoin. Although in general Bitcoin is better for investment direction because it has been specifically proven that an increase in price over a certain period of time always exists and occurs in Bitcoin. So the opinion depends on the individual person. I think it comes back to the market participants. If they really think of Bitcoin as a safe haven, it could hold up well during a crisis. Conversely, if what you see is a high-risk investment and its value can drop at any time, isn't it obvious that your intentions will be clearly expressed, one of which is from the economic downturn. But, look at it with open eyes. As the economy improves, positive news emerges and makes headlines for weeks. What's next? As more industries enter this space, some investors and financial institutions will view Bitcoin as a safe-haven asset and they feel it is a safe place to store their money.
If you remember being safe, obviously Bitcoin can still be said to be safe. Whether it's to be invested and stored for a long time or to be traded in the market, both of which are still good for and safe for many people to do with Bitcoin. And that is apart from conditions that can affect the market because when there are bad conditions that can affect the market, of course the mentality of traders and holders will also be affected. It could even be changed in terms of his trust in Bitcoin.
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dercfor
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July 02, 2023, 08:28:07 AM |
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If we have economic depression, it will affect not only bitcoin but even other assets like gold. People will look for survival necessities like food and shelter and not spend on luxury.
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