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Author Topic: Global Financial Crisis scenarios  (Read 15304 times)
pattu1
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October 17, 2014, 04:45:14 PM
 #281

War can actually result in bitcoin supply coming down as well, with a lot of private keys getting lost...

Agreed. Who would think about their coins if their families are being slaughtered.

And their wallets gets rocketed. I wonder how many wallets wil gets lost because of people dieing from Ebola.

LOL.. Is that Ebola thing really serious? What do you think? Will this ebola thing will end the world? Come on..

Ebola is a slow killer. If you have sufficient number of bitcoins, you can always transfer it out.
If you die because a safe falls on you, then your bitcoins may be lost for ever. Cheesy
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October 17, 2014, 09:01:32 PM
 #282

War can actually result in bitcoin supply coming down as well, with a lot of private keys getting lost...

Agreed. Who would think about their coins if their families are being slaughtered.

And their wallets gets rocketed. I wonder how many wallets wil gets lost because of people dieing from Ebola.

LOL.. Is that Ebola thing really serious? What do you think? Will this ebola thing will end the world? Come on..

Ebola is a slow killer. If you have sufficient number of bitcoins, you can always transfer it out.
If you die because a safe falls on you, then your bitcoins may be lost for ever. Cheesy

But would you think of Bitcoins while you are dieing?  Will they let you go to have access to computer once they will see you have Ebola? 
I am sure some will transfer their coins, but many will not.
pattu1
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October 18, 2014, 03:25:45 AM
 #283

War can actually result in bitcoin supply coming down as well, with a lot of private keys getting lost...

Agreed. Who would think about their coins if their families are being slaughtered.

And their wallets gets rocketed. I wonder how many wallets wil gets lost because of people dieing from Ebola.

LOL.. Is that Ebola thing really serious? What do you think? Will this ebola thing will end the world? Come on..

Ebola is a slow killer. If you have sufficient number of bitcoins, you can always transfer it out.
If you die because a safe falls on you, then your bitcoins may be lost for ever. Cheesy

But would you think of Bitcoins while you are dieing?  Will they let you go to have access to computer once they will see you have Ebola? 
I am sure some will transfer their coins, but many will not.

Yes, people do think of their loved ones when they are dieing. They would like to transfer their property to their loved ones. It is a natural tendency.  Smiley
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October 18, 2014, 04:57:09 PM
 #284

War can actually result in bitcoin supply coming down as well, with a lot of private keys getting lost...

Agreed. Who would think about their coins if their families are being slaughtered.

And their wallets gets rocketed. I wonder how many wallets wil gets lost because of people dieing from Ebola.

LOL.. Is that Ebola thing really serious? What do you think? Will this ebola thing will end the world? Come on..
It will probably not end the world however if it is not controlled then it could have a serious impact on the world. There have been several scares throughout the US and Europe when someone has gotten sick in a public place.

To date it does not appear that economic activity has been stifled as a result of people being scared to catch Ebola, however it is a real possibility that people will start to stay at home if they are afraid they will get sick
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October 27, 2014, 08:18:45 PM
 #285

It's disappointing to read that what we need to learn in economics is the interaction of finance and economics. I feel like any history professor can give us those answers. We knew those answers 50 years ago when their affects were regulated somehow.Now economics needs to understand the impact of income inequality. That is what makes a financial crisis into a great depression or a great recession.

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October 28, 2014, 03:58:59 PM
 #286

A full blown Ebola epidemic in the US or Europe would send the price of bitcoin skyrocketing. Not that i am rooting for it in any way shape or form but its a very interesting situation that i am keeping my eye on.

I don't see an Ebola epidemic happening, especially in the US.
Ebola isn't that contagious. Smiley
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October 28, 2014, 05:07:54 PM
 #287

A full blown Ebola epidemic in the US or Europe would send the price of bitcoin skyrocketing. Not that i am rooting for it in any way shape or form but its a very interesting situation that i am keeping my eye on.

I don't see an Ebola epidemic happening, especially in the US.
Ebola isn't that contagious. Smiley

It is exactly why it doesn't seem too worrying at the moment : Contagious patients seem to give Ebola only to a handful of people in a week because it is not contagious by touch or saliva

It could spread in France and other big crisis are around the corner with ISIS, terrorism, Ukrain and unpredictable events; the USD will soon crash when Yellen will inflate it to death to save the treasury and pensions

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November 02, 2014, 04:53:40 AM
 #288

A full blown Ebola epidemic in the US or Europe would send the price of bitcoin skyrocketing. Not that i am rooting for it in any way shape or form but its a very interesting situation that i am keeping my eye on.

I don't see an Ebola epidemic happening, especially in the US.
Ebola isn't that contagious. Smiley
Ebola can only be transmitted in a small number of ways (only via bodily fluids) however it is very well possible to transmit it when you do not know for sure that you have it, or that you have been exposed to it.

EDIT: It is likely that even a small ebola scare will cause economic devastation throughout the country as people will be afraid to even go outside. I am sure that TX is not doing well economically
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November 02, 2014, 04:27:40 PM
 #289

The next financial crisis will probably start in China.

If China government bail out their own banking sector, they will need to dump US debt and cause interest to raise in US and value of USD to drop quite a lot compare to RMB.

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November 02, 2014, 05:24:04 PM
 #290

The next financial crisis will probably start in China.

If China government bail out their own banking sector, they will need to dump US debt and cause interest to raise in US and value of USD to drop quite a lot compare to RMB.
Can you explain why this would happen?
FattyMcButterpants
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November 02, 2014, 07:55:56 PM
 #291

The next financial crisis will probably start in China.

If China government bail out their own banking sector, they will need to dump US debt and cause interest to raise in US and value of USD to drop quite a lot compare to RMB.
Can you explain why this would happen?
He actually has this backwards. A country that is going through any kind of economic crisis will almost always want to have the value of their currency decline (especially countries that have a trade surplus) as this will make domestically produced goods cheaper and more competitive overseas. Also China could easily give/lend Chinese banks US dollars or US treasuries to bail them out as both are considered to be very safe assets
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November 02, 2014, 09:48:42 PM
 #292

The next financial crisis will probably start in China.

If China government bail out their own banking sector, they will need to dump US debt and cause interest to raise in US and value of USD to drop quite a lot compare to RMB.
Can you explain why this would happen?
He actually has this backwards. A country that is going through any kind of economic crisis will almost always want to have the value of their currency decline (especially countries that have a trade surplus) as this will make domestically produced goods cheaper and more competitive overseas. Also China could easily give/lend Chinese banks US dollars or US treasuries to bail them out as both are considered to be very safe assets

1/If you sell more products but you get less value, it is pointless

You used to sell 100products 1$=1euro so you were getting 100euros now you sell 120 products at 1$=0.8euro so you only get 120*0.8=96euros

2/You have to raise salaries

3/Compagnies will pay more taxes and more in nominal terms to get the raw material they need to make their products

4/You will have inflation

5/Politicians don't have to face their mistakes but the people enjoy a lower standard of living and the savers lost a lot of money those in debt

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November 03, 2014, 02:21:55 AM
 #293

The next financial crisis will probably start in China.

If China government bail out their own banking sector, they will need to dump US debt and cause interest to raise in US and value of USD to drop quite a lot compare to RMB.
Can you explain why this would happen?
He actually has this backwards. A country that is going through any kind of economic crisis will almost always want to have the value of their currency decline (especially countries that have a trade surplus) as this will make domestically produced goods cheaper and more competitive overseas. Also China could easily give/lend Chinese banks US dollars or US treasuries to bail them out as both are considered to be very safe assets

1/If you sell more products but you get less value, it is pointless

You used to sell 100products 1$=1euro so you were getting 100euros now you sell 120 products at 1$=0.8euro so you only get 120*0.8=96euros

2/You have to raise salaries

3/Compagnies will pay more taxes and more in nominal terms to get the raw material they need to make their products

4/You will have inflation

5/Politicians don't have to face their mistakes but the people enjoy a lower standard of living and the savers lost a lot of money those in debt

Fatty is correct.  In global economics you want to devalue your currency to stay competitive.

You cant just raise the price of a Samsung Galaxy S5 to $10,000 to make more money.  Business doesnt work that way


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November 03, 2014, 12:43:22 PM
 #294

That basically depends on the acceptance level of btc. If the public generally sees btc as a store of value, any economic crisis woukd push up the price

boumalo
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November 03, 2014, 03:38:20 PM
 #295

The next financial crisis will probably start in China.

If China government bail out their own banking sector, they will need to dump US debt and cause interest to raise in US and value of USD to drop quite a lot compare to RMB.
Can you explain why this would happen?
He actually has this backwards. A country that is going through any kind of economic crisis will almost always want to have the value of their currency decline (especially countries that have a trade surplus) as this will make domestically produced goods cheaper and more competitive overseas. Also China could easily give/lend Chinese banks US dollars or US treasuries to bail them out as both are considered to be very safe assets

1/If you sell more products but you get less value, it is pointless

You used to sell 100products 1$=1euro so you were getting 100euros now you sell 120 products at 1$=0.8euro so you only get 120*0.8=96euros

2/You have to raise salaries

3/Compagnies will pay more taxes and more in nominal terms to get the raw material they need to make their products

4/You will have inflation

5/Politicians don't have to face their mistakes but the people enjoy a lower standard of living and the savers lost a lot of money those in debt

Fatty is correct.  In global economics you want to devalue your currency to stay competitive.

You cant just raise the price of a Samsung Galaxy S5 to $10,000 to make more money.  Business doesnt work that way

Devaluating means you will endure the negative consequences I listed, you want to save, innovate, lower prices by being more efficient and you want a strong currency to buy up cheap what you need to consume and the raw material you need to produce


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November 03, 2014, 06:21:16 PM
 #296

That basically depends on the acceptance level of btc. If the public generally sees btc as a store of value, any economic crisis woukd push up the price
The problem is the general public has no idea about Bitcoin or has only vaguely heard about it. Unless they are trained in how to use it prior a real collapse, they will not be quick enough to move their assets into Bitcoin.

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November 03, 2014, 06:23:58 PM
 #297

That basically depends on the acceptance level of btc. If the public generally sees btc as a store of value, any economic crisis woukd push up the price
The problem is the general public has no idea about Bitcoin or has only vaguely heard about it. Unless they are trained in how to use it prior a real collapse, they will not be quick enough to move their assets into Bitcoin.

You are right but those who are already involved or around people involved and those who know about Bitcoin and are thinking about getting involve will pour a lot of cash in Bitcoin and the protocole will get a lot of exposure as the money is poured in and people get more involved with it

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November 04, 2014, 06:13:10 AM
 #298

That basically depends on the acceptance level of btc. If the public generally sees btc as a store of value, any economic crisis woukd push up the price
The problem is the general public has no idea about Bitcoin or has only vaguely heard about it. Unless they are trained in how to use it prior a real collapse, they will not be quick enough to move their assets into Bitcoin.
When cypress was having their banking crisis early last year, people were able to quickly move their money into bitcoin (I would argue as such because of the rate at which the price of bitcoin increased during the crisis).

I would also say that people could utilize services like coinbase and exchanges that can temporarily hold a person's bitcoin while they take the time to learn how to properly secure it. Although it would normally not be good to hold a large amount of bitcoin at an exchange, this may be an exception if the value of fiat is rapidly decreasing and/or they cannot safely hold their money in a fiat bank account
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May 03, 2018, 08:04:07 AM
 #299

Obviously, at this point they continue discussing the modifications in design that can happen, or the upgrades that the camera can have or how powerful it will become.
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May 03, 2018, 09:05:19 AM
 #300

Nobody know it exactly. We just can suppose various scenarios. If you cannot take a risk that market is not the best place for your investment because there are not any guarantees.
You can increase you savings or lose them.
I am holding eth now and I hope it will be chase bitcoin and shorten the distance between them. 
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