What would happen if BTC was the main economic currency and yet..

[TaunSew]

It lost 2/3rd of its' value within a year like what happened in 2014?  Imagine if everybody lost 2/3rd of their purchasing power?  What would the economic results of this be?

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[Elwar]

It lost 2/3rd of its' value within a year like what happened in 2014?  Imagine if everybody lost 2/3rd of their purchasing power?  What would the economic results of this be?

If BTC was the main economic currency, it would not be volatile. A whale with $10 million might be able to move the price by a penny.

[L3nz]

The Fed would do anything so this shouldn't happen.
And if it already happened, they would try to stabilize it.

[ikydesu]

I think, this world will be a virtual world.

[Jamie_Boulder]

It lost 2/3rd of its' value within a year like what happened in 2014?  Imagine if everybody lost 2/3rd of their purchasing power?  What would the economic results of this be?

If BTC was the main economic currency, it would not be volatile. A whale with $10 million might be able to move the price by a penny.

This.

This is like saying what if USD lost 2/3rd of it's value within a year, something this big doesn't move that fast.

[Beliathon]

It lost 2/3rd of its' value within a year like what happened in 2014?  Imagine if everybody lost 2/3rd of their purchasing power?  What would the economic results of this be?

If BTC was the main economic currency, it would not be volatile.

Exactly. I like Andreas's analogy when he called Bitcoin a zodiac that bobs up and down with the waves. A zodiac sitting next to the Titanic that is fiat, which has just struck an iceberg.

https://www.youtube.com/watch?v=dr4y9vBApz0

[Asrael999]

The world economy would collapse as the transaction speed and volume potential (ie number per block) are not yet big enough to support the global economy.