Post
Topic
Board Speculation
Re: Bitcoin price and financial crisis/downturn
by
nightwishx
on 05/09/2017, 14:09:05 UTC
Hi,

Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)

in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable

Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?

thanks








I think it's because of China's government regulation that prohibits all ICO activities. the impact is very big, but I think it's only temporary and everything will be back to normal in a few days or weeks.