Post
Topic
Board Economics
Re: World debt hits new record: good for BTC
by
BillCoin
on 20/04/2018, 08:15:45 UTC
If there's no crash, it will be a miracle.

Let's think different a little.
If it will be a crash, I think that Bitcoin pricing will also drop a lot.
Basically the price of Bitcoin is how much people want to pay for it.
If there's a crash, people would sell Bitcoin and stocks to cover other needs.
We've seen already Bitcoin falling just before the stocks have fallen too. Many use Bitcoin in a similar way to stocks.

Maybe I'm wrong. I hope so. But.. what if I'm right?
I think that's better for everybody, for now, to not pray for a new crisis.

It's really vary, because you are talking here about different aspects.
If the price of USD goes down, it is no longer an indicator to bitcoin's price, and we will need to indicate bitcoin's price with a more stable currency or even an asset such as gold.
I am pretty sure that the purchasing power of 1BTC will skyrocket(and will even more skyrocket if we compare it to the falling currency of USD).