Quote from: Hydrogen on January 08, 2018, 11:07:52 PM

Quote from: thecryptillian on January 06, 2018, 11:40:41 PM

how would bitcoin hold up during a financial crisis.

....

Venezuela could provide a real world example of how bitcoin would fare during a financial crisis. The venezuelan native currency (the bolivar) is currently hyperinflating. The entire nation is bordering on economic collapse, despite being rich in oil. Still venezuelans mine bitcoins and find ways to buy/sell using crypto currencies, some are doing well with their crypto mining enterprises, earning a decent living for themselves under circumstances where they otherwise might not be able to.

That's probably the best case example I can think of, although there could easily be africans, cubans and others currently not living under the best economic or living standards for whom bitcoin is something of a savior.

This would be misleading. Bitcoin has value in Venezuela because btc's price is supported by stable fiat currencies that make it hold its value (well, relative to the Bolivar). That's not Bitcoin being tested by a financial crisis, it's just btc being used in an area already under crisis while the rest of the world that supports btc's price is not in crisis. If the rest of the world experienced a crisis, the price stability (to the extent you can call this volatility "stability") that btc experiences would be directly affected.