Quote from: manselr on October 03, 2017, 02:54:19 PM

Quote from: European Central Bank on October 02, 2017, 05:11:59 PM

if there was a real financial collapse bitcoin would turn to dust too. maybe the people writing here trust it, no one else does. people would run to gold or dollars just like always.

it's a nice idea but bitcoin's time hasn't come yet as a lifeboat. it's still a get rich quick scheme in the minds of most people who put money in and they're also the most panicky people on earth judging by the movements to the slightest scary news.

it would be nice to be proven wrong. i don't think i would be. the handful of people in places like venezuela who do use bitcoin are benefiting from the commodity boom that's fueled it that's lasted for years. they're hanging on the coattails of general market success in first world countries.

It depends on what you consider a "financial collapse". Something that would turn into massive riots on the street worse than 2008 maybe not, but 2008 type of event? I think Bitcoin would shine. Why not? you can store your value there, and it will be safe, if the rest of holders realize this, the price will not crash, but ultimately your X BTC will remain X BTC in your wallet. You can NOT definitely say this applies to the legacy banking system, and gold can be easily confiscated.

Looks like all pathways lead to BTC as being the ideal place to be in a financial collapse and it's not because im a holder, im just applying logic, I dont see a better alternative.

Both of you are right, and both of you have some good conclusions. Bitcoin is still get rich quick scheme for many people, and it's true that this people are in panic on first bad news.
Financial collapse makes people to turn to some alternatives, and bitcoin is that alternative. Yes people will buy gold, real estates, or what ever but now they can buy bitcoins or some other alt, we can choose and that is important.
We wish to have our money on safe place, and its big question for each of us is where to keep and save money. In case of financial collapse I believe that my money would be safer on blockchain. That is just my opinion, if we are smart we will have eggs in many baskets.