Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: BonesAxe on September 21, 2018, 11:51:20 AM
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What do you think will happen to the crypto market if there is an economic crisis around the world?
This topic is very interesting for me, so I would like to hear your thoughts
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What do you think will happen to the crypto market if there is an economic crisis around the world?
This topic is very interesting for me, so I would like to hear your thoughts
Yes the global crisis really affects crypto currency investment as market is falling down due to panic selling of many investors trying to recover their investment capital from possible continues dropping of prices.
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I am not sure that the crisis in the country can have an effect on criptocurrency, because I believe whales are not from the political circles who take care of state finances, so when a crisis country, whales can still survive, and cryptocurrency still goes like normal.
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Cryptocurrency would still there and still exist but the people arent. If global crisis occurs, all currencies and economic state would fall. People instead of investing more would be needing more money to cash out in order to survive. That leads cryptocurrency to fall down also. Crisis are all negative, expect the worse.
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Basically, the demands is lower than the supply due to vital economic crisis worldwide. There will have huge holders to give up their tokens for economic and family reasons.
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;D It does not depend on good and bad news, but depends on the market, because the market decides to go up to it or go down to it, we can not exactly say this. :) :D This is all the essence of the altcoyins, because people are delving into a hobby in which you can profit and enjoy it, and not work in a factory and kill your health. :)
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The crisis began long ago and here, by all indications, it is systemic and profound. Crypto could well be a way out of this crisis if the market develops normally.
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very likely, because this global crisis will effect on currency exchange. dollars more and go up, and the other currencies down. This will also affect the stock price and also the crypto.
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because crypto is also moving with Economic Affairs. then if there is a global crisis, it certainly will affect crypto as well. as one form of assets in the field of economics.
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People need to withdraw their crypto investment out of necessity and the price tend to plummet because users are limited.
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of course it can. the global crisis will affect the sectors of the economy. and will be affected by the stock. and this would affect investor. crypto finally join the affected.
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I think this will have an impact on crypto. I suspect, crypto will weaken. Everyone will sell their coins for security reasons. And this means crypto will die. But I don't expect this to happen. But, I hope that my opinion is wrong.
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This situation has an advantage for developing countries.While the currencies of developing countries are depreciating against the dollar, the declines in the market do not affect them much.