Quote from: cnerd on June 09, 2015, 12:42:07 PM

Quote from: q327K091 on June 09, 2015, 11:56:10 AM

if above happens then 1 VTC = 1000$ however thousands will lose their jobs (again)

I don't think so, infant investments (and thats exactly what crypto currencies really are) are for people with savings/money they dont need right away.
Also, there is a huge difference between gold and CCs, the main one being that gold is a highly valued commodity for the last 40-50 centuries. People feel secure when they own gold, because they know that whatever happens they can always rely on the gold. Economy crashes, USD gets hyper-inflated, people getting poorer with the hour - no worries, you still have that gold.
Totally not the same with Cryptos.... If the aforementioned happens, I can bet my shiny ass that cryptos will get blown to bits.

Think about it.. there would be a stampede for gold and silver and there would be nowhere near enough to go around it will become essentially priceless for most folks and at that point people are going to look for alternatives. Bitcoin got a boost when Greece started taking "haircuts" from there bank accounts, what do you think will happen when they start doing this globally and to add credence they have been introducing legislation to allow just that to happen. They are also working hard behind the scenes to end cash and as a side effect (or by design) all transactions will be monitored... I think this alone will draw millions of people into crypto.