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Author Topic: Will people start moving their savings to Bitcoin in case of a financial crash?  (Read 335 times)

DenisHayes89

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Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."
http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

vitalino

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of course. It will be a logical solution in this situation.The stock of bitcoins can be considered a good guarantee that a person will not be left without anything

Daniel_West

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It's very unlikely, and I personally wouldn't take such course of actions because financial crash will affect BTC as well (If it's not a local one) The most probable course of action will be buying material things, real estate, e.t.c.

mihohil

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I also think so, because bitcoin is a stable currency, so people can believe in it's growing

WarrenBarren

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No, I am not sure how exactly people are pointing out at Bitcoin. If any such scenario takes place, I will be looking at Gold as first option of safety/investment then onwards comes anything else like Bitcoin. Any person with common sense will know Bitcoin is a very scary investment, if it works it can take your graph to another level but it can also put you into disastrous scenario.

Natalia_Volkova

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This is a really complicated question. As for me, no. Bitcoin always remains protected because of his anonymity, so I don't think that something will happen to him, even in the case of a financial crash.

karasurizero

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All the news about the bubble, collapse and etc cryptocurrencies I understand as nonsense, because it is impossible at this stage of development. Such news is created only to urge people continue to disbelieve in the cryptocurrency and go to the bank.

katepagava

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I also think so, because bitcoin is a stable currency, so people can believe in it's growing
I would disagree, currency can't be stable, but people bevieve in it  because of positive tendency

katepagava

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We don't know what will  be in the future.. I suppose that this man is good at currency analytics so I probably wouldnt do that

andreevavik22

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Yes, they will, but in what way it can be possible? ???
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JJFlowers5

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Either crypto or gold I would imagine

Daniel_West

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Either crypto or gold I would imagine
In the case of a big financial crash, all forms of currencies become almost worthless. Including gold and BTC. A gun and a car would help you much more than some gold. But I absolutely agree with you if it's a rather localized (up to several countries) crash we are talking about.

liliiaolivia

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They will. Well, whatís going to happen is itís going to continue. Some stocks in America are turning into a bubble. It is difficult to predict how this depends on many factors.
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