Post
Topic
Board Economics
Re: Bitcoin getting in to economic crisis
by
serjent05
on 14/07/2016, 15:20:36 UTC
we've heard a bunch of times about fiat money and escalating problems. any reason for bitcoin to decline rapidly and all the online wallets closing down how will everyone fear the loss of bitcoins. It can happen because its the problem with real money its causing bitcoin to get blocked halfway.

I think this is the reason why Bitcoin is created,  money is produced instantly whenever the government wanted.  Thus making it inflationary and resulting to  economic crisis.  Since Bitcoin has finite number, and the coin produced is designed as how the gold is mine, there is a slim chance that bitcoin will have a fast decline.