Quote from: Beerwizzard on March 18, 2019, 08:15:22 AM

Quote from: Jimmymark on March 18, 2019, 07:46:46 AM

Thank you for taken time to write a reply.

Just want to give an example of news read about cryptocurrency and let you understand why I have ask this question. Most of you have said there no link to pound and bitcoin but I disagree.

A year back the USA start economic attack on turkey in September 2018 USA want the Turks to hand over the pastor which affects the lira. Because of the drop in the lira Turkish investors and others starting change to cryptocurrency. Which increased bitcoin price, if you check price chart and events you will see an increase. Now I think this will also happen if hard brexit is on the way.

Ah, those famous Turkish crypto whales... Where are they now?
During an economic crisis, the first aim is to save your money and not to get some extra revenue. From this point of view BTC can fall way lower than GBP. It is not a secret that cryptocurrency may easily lose 50% of its price during a small amount of time without any super strong shocks. I can hardly believe that something like that will happen with GBP.
It is safer to remain your savings in fiat then buy crypto. Such pattern may only be applied to countries with long hyperinflation.

When you say bitcoin can drop far lower then gbp. What bitcoin is at near £3k to a pound. What you suggesting bitcoin 0.90 to £1 pound.

Sorry but this is not possible. Cant see this happening. Yes may drop but never this low.