Ninjastic
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Board Economics
Re: Global financial crisis
by
btc_angela
on 15/08/2018, 10:15:46 UTC
Quote from: leesoorany08 on August 15, 2018, 09:14:29 AM
Quote from: davis196 on August 07, 2018, 11:11:10 AM
Quote from: Cristopherus on August 07, 2018, 10:23:34 AM
I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?

What makes you think that gold and cryptos will be a safe heaven?
What if all financial assets (digital and non-digital) are hit by the crysis and their prices crash?
During the great depression there wasn't any safe heaven asset that will maintain a stable price.
The big crysis will first hit countries like Italy,with their huge goverment debt and problematic banks.

What makes you think that gold and cryptos will be a safe heaven?
gold and cryptos price fluctuations by market. personal opinion

I think gold has already proven as a safe haven not just for financial crisis but even in the worst one, world war. As for crypto, we haven't see how good it was although there are reports that Venezuelans are using bitcoin to buy things just to survived. I guess the only way to proved it is when we do goes on another economic depression and see how effective crypto will be.