Post
Topic
Board Economics
Re: Economic situation around the world and Bitcoin
by
supercanada1
on 12/10/2019, 18:11:00 UTC
Do you think this Economic situation will push More People into Bitcoin?
It still depends on the economic situation of a country. Countries with good economic situation are most likely to adopt bitcoin for innovation and development (unless it's prohibited by the government or strict when it comes to crypto). While countries having crisis just like Venezuela might have a hard time to adopt on this since they're more focus about their problem. Unless if the government itself, want to adopt or hold bitcoin and crypto.

Also one factor to consider is the government. Whether the economy is doing good or not, if the government is against crypto, it'll be hard to push more people into bitcoin
Dumps and pumps are the major ingredients of successful journeys of crypto currencies. The only reason why real investors are interested into bitcoin and some other projects of crypto market is that they give sharp results in short terms. Either they increase or decrease in values, they usually are not in loss if they are stick to nice projects.