Quote from: WatchMaker on March 29, 2021, 04:03:27 PM

Quote from: Bitinity on March 26, 2019, 07:29:26 AM

Quote from: artbart on March 26, 2019, 07:03:34 AM

It looks like the downtrend on the financial system is inevitable. How do you think this will affect crypto? People used to refer to gold in the past, will they move to crypto this time instead?
I kinda think, that the upcoming crisis actually gives crypto a chance.

Many people also think the same as what you say, financial crisis wont affect bitcoin negatively but it will give bitcoin an opportunity. But there are also some people who thinks the opposite by saying that the next financial crisis will be a devastation of bitcoin. So it depends on what we believe, no matter what will happen to bitcoin but as long as we trust in bitcoin then just keep on holding and supporting it.

Bitcoin was built to withstand the financial crisis and inflation, those are the major reasons why bitcoin was invested. Bitcoin was invented as a digital store of value (just like Gold) and a payment system. And currently, bitcoin is becoming more and more a digital store of value, a lot of people are now considering bitcoin as gold 2.0 or even better. Because with bitcoin people have total control over their own assets, bitcoin is lightweight, digital, fast, secure, and decentralized, unlike Gold which is heavy, physical, slow in terms of movement, insecure, and very centralized.

Really love to do make out some comparison between Bitcoin and Gold? Why we cant just accept that these things are totally different in any aspect and leave it as it should be?
Its not really that something relevant on why people do still continuing with this kind of issue.When it comes to financial crisis then we are really suffering as of this moment
due to this pandemic and other factors which had been known but we wont really come into that certain extent and also crypto market
isnt really that much off affected on whats happening on outside world.It might not be that sure or precise but we have seen on how it do reacts.