Quote from: AdolfinWolf on July 08, 2017, 02:30:04 PM

Quote from: freeyourmind on July 07, 2017, 08:42:48 PM

Quote from: mozherin1 on July 07, 2017, 07:16:56 PM

Hello

what will happened with cripto currency if it was world crisis?
wha do yu think?

Historically, when there are times of uncertainty around the world, or in specific places in the world, or when the confidence in the national currency decreases, people flock to gold for safety. With cryptocurrencies around nowadays, I'd think that any uncertainty or currency crisis would cause a huge influx of money into cryptos for safety to maintain wealth.

Because crypto will maintain their value? For real, look at how bitcoin, the #1 coin, fluctuates. It could go down 10% in a day. I do not think we will see a massive increase in money going to crypto's in a crisis, but rather something like gold.

Crypto's are also far from being mainstream.

Yes. Gold would be really the hedge during world crisis like war. It can be used as currency substitute. The value of gold should increase during times of uncertainty, so a long position should profit from a major war or crisis. I read somewhere that England used gold to buy raw materials during war or pay with gold to buy like guns and tanks in WWII. So its more safe to go for gold rather that crypto's in such crisis. Because crypto's will be totally useless in something like a war.