Post
Topic
Board Economics
Re: WORLD CRISIS IN 2018
by
squog
on 27/11/2018, 05:00:27 UTC
By 2018 the world economy is falling, there is currently chaos in the economy around the world. there are even some countries declared bankrupt by the world this year. a country that is able to survive in conditions like now only countries that have a large gold stock. China and America are currently collecting gold from all over the world. the goal is to maintain their existence and also to survive the coming crisis. I want to know whether cryptocurrency, especially bitcoin, will be affected by the current crisis? I want to hear from the seniors here.

I'd like to hear more about your sources first. Which country is going bankrupt. What is your source for the US getting gold.

How is gold going to help during a debt crisis?


Anyway, my belief, and the belief of many libertarians (which are over-represented in the bitcoin community) is that if the dollar collapsed, people would escape into bitcoin thus pushing the price up.


People have been predicting the fall of the dollar forever, but it hasn't happened yet so don't delude yourself that it will certainly happen in 2018, or any other year without some serious understanding of the current economy.

True, it would've helped the discussion to be clear by citing sources but nonetheless I'd say my piece. I think the main reason we are having this crisis is that we nations all over the world don't havr as strong a diplomatic agreement as there was before. China has been grabbing lands, the US is alienating their allies, Russia is as hostile as ever, the Brits are confused if they want in or out.