Quote from: Maebeo2017 on February 23, 2020, 07:16:19 AM

Quote from: kryptqnick on February 21, 2020, 05:58:58 PM

Quote from: HannahGoFighting on February 21, 2020, 02:07:40 AM

In September 2019, Gallup released a poll in which 49% of Americans believe the U.S. economy would fall into recession, 9% higher than the one polled before the 2008 financial crisis. The world situation is turbulent after entering 2020. US-Iraq conflicts continue, the China-U.S. relation on a tight rope, coupled with the broken out of regional financial crisis over the years, the publics fear of recession is growing. The rising price of insurance assets also indicates that more people are preparing for the financial crisis.
The biggest impact of the outbreak of financial crisis on people is not only the asset depreciation caused by inflation, but also the decline in employment. It is not enough to simply choose a safe-haven to deal with financial crisis, we need to ensure our source of income. VDS turns interpersonal relationships into cash flow through the Trust Stamp System from which we can obtain a steady stream of revenue. Or we could build super master nodes to provide network service to earn profits. In response to the centralized financial crisis, a decentralized Bitcoin may be the best choice as safe haven. VDS brings decentralization and freedom back to Bitcoin and boost potential appreciation. These two march together and complement each other.

I've been thinking in a very similar way. I am not American, but I do believe that the world economic crisis is on its way, and this one might hurt more than the previous one. I think it might even bring the end of fiat with the dollar collapsing and major currencies following shortly afterward. If this happens, all of the assets and currencies might be down for a while, and I am not sure Bitcoin is an exception. In the aftermath, however, Bitcoin might be the savior for reasons you've covered (mainly since it's not susceptible to hyperinflation as it doesn't have an unlimited supply). In that situation, however, a solution to make global adoption truly possible would have to come asap.

I think global recession and economic breakdown is already happening and on its way to become full blown, with the above points duly noted by the poster above, added to the fact that the deadly NCOV corona virus seems to be spreading into different countries and region and there seems to be no cure and no stop to it, with china affected I am pretty sure that the rest of the world have started getting an impact to china meltdown. Bitcoin still remains the last hope if all thins currency and economy goes south.

People always said that investing in a digital currency like cryptocurrency is not a 100% win win for the investor. Cryptocurrency is very risky and is difficult to handle because of its volatility in the market. Plus those conflict between the world's economy and the problem that each and every country experiences. Poverty and NCOV are the main factors in market economy this year and we can't deny that people are looking for a safe haven for their money. But as you can see, it is an advantage of the crypto as virus spreads and indirect contact with money is necessary. So in some other way, it is good to invest money in crypto and it still has a disadvantage like instable price in the market.