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Author Topic: Will bitcoin survive the impending financial crash?  (Read 4107 times)
Die Hard
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October 14, 2014, 01:09:47 PM
 #21

Bitcoin wont survive because you need FIAT to buy bitcoin.

If some businesses which accept bitcoin as payment, pay their employers with BTC, this issue will be solved.
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October 14, 2014, 01:13:58 PM
 #22

In next 10 years I dont see Bitcoin less used as it is right now, unless something drastically happen to the blockchain.

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October 14, 2014, 01:17:09 PM
 #23

Of course u don't need Fiat to buy btc, btc was designed as an ALTERNATIVE to Fiat, also if people are actually considering it an assett.

If economy crash a little btc go up. But, if economy crash significantly, I guess nobody will try to barter a slice of bread for btc.if u're thinking about such a crash, go for gold instead.

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October 14, 2014, 01:21:27 PM
 #24

I think bitcoin will be more valuable during a financial crash when the value of fiat is dropping. Some people will likely shift their fiat into bitcoins as the value of fiat drops.

It will take much time that fiats will be substituted by bitcoin. Too soon to expect this.
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October 14, 2014, 01:45:37 PM
 #25

The next financial crash may favor bitcoin imo (in terms of value and usage). Many people will cling on buying bitcoins and metals seeing that fiat couldn't be of any great use to them. Bitcoin will likely survive if more people use it and see its potential. However, as to what exactly will happen, we don't really know. Remember the recent PayPal thing? Most of us thought that the value will increase, but what happened was the opposite of it. Sad

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October 15, 2014, 01:24:18 AM
 #26

as cryptocurrency currency, bitcoin should not be affected by the financial collapse, but indirectly there is little influence on the bitcoin exchange rates against the American dollar, the more that use bitcoin as a means of trade and conversely the few who use the bitcoin bitcoin exchange rates will be smaller ...  Cool

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October 15, 2014, 03:39:03 AM
 #27

Deflationary correction will bring all assets down including bitcoin.
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October 15, 2014, 05:17:11 AM
 #28

I think bitcoin will do very well if the economy tanks.

If we have another 07-09 time, then I'd guess BTC would be all time high.
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October 15, 2014, 02:16:03 PM
 #29

after the markets crash central banks all over the world are going to print huge amounts of money to try and prop the markets back up, destroying their fiat currencies in the process.
the fiat titanic is heading for an iceberg and its too late to turn it around, get on the bitcoin lifeboat.
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October 15, 2014, 02:50:44 PM
 #30

I see this as that lots will matter then this crisis start. If it wil start next year, will not be so much influence if it will start in 5 years time, may influence Bitcoin greatly.
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October 16, 2014, 04:50:04 PM
 #31

after the markets crash central banks all over the world are going to print huge amounts of money to try and prop the markets back up, destroying their fiat currencies in the process.
the fiat titanic is heading for an iceberg and its too late to turn it around, get on the bitcoin lifeboat.

Central banks are already doing it to prevent a market crash.  Smiley
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October 16, 2014, 09:41:56 PM
 #32

The next financial crash may favor bitcoin imo (in terms of value and usage). Many people will cling on buying bitcoins and metals seeing that fiat couldn't be of any great use to them. Bitcoin will likely survive if more people use it and see its potential. However, as to what exactly will happen, we don't really know. Remember the recent PayPal thing? Most of us thought that the value will increase, but what happened was the opposite of it. Sad

In the next crash, physical gold and silver might not be available. If so, the flood into bitcoin will be larger than anybody could have imagined.
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October 16, 2014, 10:52:47 PM
 #33

I think bitcoin will be favored by a crisis,as it is not controlled by any central institution,people will be trusting bitcoin to store its money,avoiding the collapse

Are you serious? Bitcoin will be forever forgotten if crisis breaks the world.

because? (rhetorical, i know you don't have a legit answer)
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October 17, 2014, 01:21:05 AM
 #34

Mainly, it will depend on the level of inflation created by the crises. High inflation will pump bitcoin.

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October 17, 2014, 01:34:57 AM
 #35

if it is more widely use, it might survive and benefit from a crash.
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October 17, 2014, 01:54:00 AM
 #36

Bitcoin wont survive because you need FIAT to buy bitcoin.

THats why price is now in a permanent down swing, its too reliant on fiat and the existing banks.

Without fiat, its not possible to have bitcoin because u need to buy it from something.

Now, people are inventing new decentralized currecies without FIAT, , eg. Ethereum, probably it will take the place of bitcoin.

That's been problem with bitcoin and why it cannot replace the banks.

ethereum will take btc' place over my dead body (please dont kill me)(not literally)

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October 17, 2014, 07:34:40 AM
 #37

It will survive.. But will the people survive the financial crash? Who will embrace bitcoin if people is fighting for their lives?
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October 17, 2014, 08:30:46 AM
 #38

Bitcoin wont survive because you need FIAT to buy bitcoin.
So you basically say FIAT was created at the big bang.

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October 17, 2014, 10:04:35 AM
 #39

Bread will worth more then btc in a bad crash. So no...

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October 17, 2014, 02:04:53 PM
 #40

BREADCOIN to be invented.... Every coin backed by an exquisite slice of bread shippable worldwide  Grin

Roll a dice FOR FREE every hour, and win up to $200 in btc ---> CLICK HERE

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